Reason why I put all my money in Bitcoin as a newbie

[jossiel]

If you afford to do that OP why not? You're going to be a bitcoin maximalist but do you have any other investment or source of income?

If that's what all means to you then you're a total risk taker, I've been there and holds bitcoin only until I'm satisfied and has to diversify in some of the moments of my life not just into altcoins.

But also in other ventures and investments.

[bitterguy28]

You did a great decision here mate , there are so many of us who loves risking in Shitcoin and then will blame the whole market when they fail in their plans .

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Nowadays there are several occasion that we invest in this and that but in the end ? it is still bitcoin that will bring us assurance and profit  so why hesitate in something that assures you?

so Congrats mate , you did a good job in that investing.

[Kasabus]

Putting literally all your money into Bitcoin is not a good idea, not in a sense that you should buy some alts, but in a sense that you should have other investments and free cash. Rule #1 is to never invest what you can't afford to lose, and no one can afford to lose all their money.

And as for alts, no one should be touching them, newbie or not. Fundamentally they have no value.

Crypto investors have known already that bitcoin is the best asset in the market, but its not reasonable to risk all your money investing in a volatile investment. Regardless of how expensive it is, its still prone to losses so an investor should still be cautious whatever the result of his investment. I suggest leave some fiat in your account, that will be a lot safer even if the rest of your money will go to bitcoin and other investments outside crypto.

[dunfida]

Putting literally all your money into Bitcoin is not a good idea, not in a sense that you should buy some alts, but in a sense that you should have other investments and free cash. Rule #1 is to never invest what you can't afford to lose, and no one can afford to lose all their money.

And as for alts, no one should be touching them, newbie or not. Fundamentally they have no value.

Crypto investors have known already that bitcoin is the best asset in the market, but its not reasonable to risk all your money investing in a volatile investment. Regardless of how expensive it is, its still prone to losses so an investor should still be cautious whatever the result of his investment. I suggest leave some fiat in your account, that will be a lot safer even if the rest of your money will go to bitcoin and other investments outside crypto.

Going all in is suicide considering that crypto is volatile and doesnt have assurance.For someone who had taken that life gamble kind of decision then they should really be prepared on what are the other impacts or

circumstances that they would really able to experience once the market had made out some opposite movement on what they had predicted? Also you should have some left fiat for normal basis.

Just make it sure that you wont really be regretting in the end of the line on making such decision.

[Oceat]

Putting literally all your money into Bitcoin is not a good idea, not in a sense that you should buy some alts, but in a sense that you should have other investments and free cash. Rule #1 is to never invest what you can't afford to lose, and no one can afford to lose all their money.

And as for alts, no one should be touching them, newbie or not. Fundamentally they have no value.

Crypto investors have known already that bitcoin is the best asset in the market, but its not reasonable to risk all your money investing in a volatile investment. Regardless of how expensive it is, its still prone to losses so an investor should still be cautious whatever the result of his investment. I suggest leave some fiat in your account, that will be a lot safer even if the rest of your money will go to bitcoin and other investments outside crypto.

Going all in is suicide considering that crypto is volatile and doesnt have assurance.For someone who had taken that life gamble kind of decision then they should really be prepared on what are the other impacts or

circumstances that they would really able to experience once the market had made out some opposite movement on what they had predicted? Also you should have some left fiat for normal basis.

Just make it sure that you wont really be regretting in the end of the line on making such decision.

Bitcoin for sure is an assurance although not in a making profit for a short time since it has a cons too and that is getting profit only in the long run. But for altcoins, you can't identify your assurance there because they don't last for long since most of them are only good from the start. And I agree to OP's decision since most of these new altcoins are good at pump and dump and we know who's making profit from our investment in that and most of these developers doesn't care if you lose your investment because they think that's how the altcoin market works.

[Chato1977]

Am still new in this space both in cryptocurrency and in this forum and seeing what is happening even to stable coins lately make me decide to put all my investment funds into Bitcoin since Bitcoin has never crashed or a billion coins getting minted out of no we're and dump into the market just like Luna tereUSTD did, so for your peace of mind I advise newbies to rely only on highly decentralized crypto Bitcoin. Until you learn enough to decide which risk to take and which not to.

I considered you as not totally newbie because of your behavior in market, because you shows no greediness but instead the interest and knowledge in investing , please continue that attitude for you to have a successful investing.

[bitterguy28]

You should look in another direction and try to build a diversified portfolio unless it is for setting aside funds that you want to look away from for a long period.

If you looking for a long time saving then I will say the idea of Bitcoin is best especially if it is money you don't need.

If you read the thread completely , It looks like OP is now trusting bitcoin about his investment and not caring About other areas and like what you said it is for long term Holding so indeed that it is His position to keep the holding and maintain supporting bitcoin.
Yes Diversification is supported by many currency and chances but for the long time knowledgeable about crypto , they completely learn that it is still bitcoin is the safest and the best choice.

[FanEagle]

You did a great decision here mate , there are so many of us who loves risking in Shitcoin and then will blame the whole market when they fail in their plans .

Nowadays there are several occasion that we invest in this and that but in the end ? it is still bitcoin that will bring us assurance and profit  so why hesitate in something that assures you?

so Congrats mate , you did a good job in that investing.

This is true but at the end of the day diversification is not that bad if you know what you are doing. Best thing about the current situation is that if you could put "enough" money into bitcoin, then risking just a small amount into altcoins is not bad. By this I do not mean like ETH or BNB, they are already great and you should invest into them, I mean all those shitcoins that people invest into.

We are taking those risks because nobody really knows which one of them could go up that much. Of course they will be bad investments but just to give an example if you have 10k dollars in good ones, then having 100 dollars in few bad ones couldn't be that bad.

[peter0425]

This is I good move to put your investment into Bitcoin 100%, I will like to advise you to only invest only what you can afford to let go maybe some leftover funds.

Because Bitcoin is also a volatile asset that its price can sometimes be unpredictable but Bitcoin is less volatile compared to other altcoins.

While it is Bitcoin is the best investment tools in crypto  yet I don't wanna advise OP to stick in Bitcoin as diversification is still the most safest and clearer investing , as long as you know how to choose a coin to add in your bitcoin.

Example Binance and Ethereum , then add ADA and  Monero , those coins are the safest and a secure coins to keep holding for long term.

[Questat]

You did the right decision mate. Some are thinking that having multiple coins for investment gives them more, well, that is partly wrong as it depends on what you invest. Yes, it is to agree with that having Bitcoin alone gives us a satisfying results.

While it is Bitcoin is the best investment tools in crypto  yet I don't wanna advise OP to stick in Bitcoin as diversification is still the most safest and clearer investing , as long as you know how to choose a coin to add in your bitcoin.

Example Binance and Ethereum , then add ADA and  Monero , those coins are the safest and a secure coins to keep holding for long term.

Putting all our funds into one coin is risky but I think choosing Bitcoin is somewhat different and totally safe. If I was confident and comfortable that Bitcoin gives me profit, I'd rather not add more coins so my mind is focused on Bitcoin only. Whether you believe me or not, keeping a number of coins gives you more stress.

[Tellek Garing]

Example Binance and Ethereum , then add ADA and  Monero , those coins are the safest and a secure coins to keep holding for the long term.

BNB is also a good coin but somewhat centralized in my opinion and can easily get manipulated as much as I will not advise the member to invest all in Bitcoin, I can only advise he considers his decision very well before choosing another altcoin to add to Bitcoin most especially when it a long time investment.

Bitcoin may not be a 100% good investment choice but then if you invest with the right perspective one will easily.

[Reatim]

You did the right decision mate. Some are thinking that having multiple coins for investment gives them more, well, that is partly wrong as it depends on what you invest. Yes, it is to agree with that having Bitcoin alone gives us a satisfying results.

While it is Bitcoin is the best investment tools in crypto  yet I don't wanna advise OP to stick in Bitcoin as diversification is still the most safest and clearer investing , as long as you know how to choose a coin to add in your bitcoin.

Example Binance and Ethereum , then add ADA and  Monero , those coins are the safest and a secure coins to keep holding for long term.

Putting all our funds into one coin is risky but I think choosing Bitcoin is somewhat different and totally safe. If I was confident and comfortable that Bitcoin gives me profit, I'd rather not add more coins so my mind is focused on Bitcoin only. Whether you believe me or not, keeping a number of coins gives you more stress.

Nowadays? we can see that it is not Only bitcoin in which can  bring us best result though yeah there is nothing wrong in diversifying and not only Bitcoin but with altcoins in our wallets.
buy coins that you understand and trust.
keep them long term and never panic when there is dumping .

[LogitechMouse]

Am still new in this space both in cryptocurrency and in this forum and seeing what is happening even to stable coins lately make me decide to put all my investment funds into Bitcoin since Bitcoin has never crashed or a billion coins getting minted out of no we're and dump into the market just like Luna tereUSTD did, so for your peace of mind I advise newbies to rely only on highly decentralized crypto Bitcoin. Until you learn enough to decide which risk to take and which not to.

Since you are just a newbie, I think this is the best and safest option that a newbie can do.

I just hope that other newbies out there will do the same because newbies are prone to scams since they have little to no information with regards to investing in crypto. Now as you gain more information and knowledge, you might try to invest into some top altcoins as well to diversify your portfolio. Some might say that "putting all your eggs in one basket isn't a good strategy," and yes I agree with that but if you really want to invest into crypto and you are still a newbie then putting all of it would be better than investing into some new projects out there which has a higher chance of becoming a scam.

I just hope that OP will not panic at all and has a exit strategy .

[Oasisman]

While it is Bitcoin is the best investment tools in crypto  yet I don't wanna advise OP to stick in Bitcoin as diversification is still the most safest and clearer investing , as long as you know how to choose a coin to add in your bitcoin.

Example Binance and Ethereum , then add ADA and  Monero , those coins are the safest and a secure coins to keep holding for long term.

Putting all our funds into one coin is risky but I think choosing Bitcoin is somewhat different and totally safe. If I was confident and comfortable that Bitcoin gives me profit, I'd rather not add more coins so my mind is focused on Bitcoin only. Whether you believe me or not, keeping a number of coins gives you more stress.

As much as I like Bitcoin but realistically, there is no safe investments. All of them has risk associated with it, but only differs on the level of risk that particular investment bears.

The OP did mention that Bitcoin has never crashed, and we all know that's not entirely true. Bitcoin crashed several times which is actually happening currently too. So, If the OP is not aware of that, then that might be an additional risk for the OP as he might freak out If by any chance Bitcoin falls under $10k in the coming months.

[Sebas.tian]

This is a good decision for any newbies to embrace in the community to be part of the successful investors in the land. Investing all your money on bitcoin will really help you to grow faster in profit making because the price has decreased to $28,000, to allow people to embrace this opportunity to prepare well for a better future to come. I spend a huge amount of capital on bitcoin investment when the price decrease to $30,000 few weeks ago that is giving me full confidence that the price will definitely hit $80,000 before the end of next month.

[jaberwock]

Putting all our funds into one coin is risky but I think choosing Bitcoin is somewhat different and totally safe. If I was confident and comfortable that Bitcoin gives me profit, I'd rather not add more coins so my mind is focused on Bitcoin only. Whether you believe me or not, keeping a number of coins gives you more stress.

As much as I like Bitcoin but realistically, there is no safe investments. All of them has risk associated with it, but only differs on the level of risk that particular investment bears.

The OP did mention that Bitcoin has never crashed, and we all know that's not entirely true. Bitcoin crashed several times which is actually happening currently too. So, If the OP is not aware of that, then that might be an additional risk for the OP as he might freak out If by any chance Bitcoin falls under $10k in the coming months.

If let say btc falls 10k then it is really shocking for all and not only for the op but we that have more experience can easily cope up with it.

@Questat I believe you with that. Indeed that having a lot of coins on our portfolio is stressful because we need to monitor each of them but if you only have one coin in your purse, you can worry less. They can say that it's risky but you can just ignore them because it was still your investment not theirs. They think that btc is risky because it is too volatile but if you know what you are doing, you are calm and patient enough to hodl for a long time then nothing bad will happen to you but you only need to make sure that your keys are on a safer place.

[SirLancelot]

Putting all our funds into one coin is risky but I think choosing Bitcoin is somewhat different and totally safe. If I was confident and comfortable that Bitcoin gives me profit, I'd rather not add more coins so my mind is focused on Bitcoin only. Whether you believe me or not, keeping a number of coins gives you more stress.

As much as I like Bitcoin but realistically, there is no safe investments. All of them has risk associated with it, but only differs on the level of risk that particular investment bears.

The OP did mention that Bitcoin has never crashed, and we all know that's not entirely true. Bitcoin crashed several times which is actually happening currently too. So, If the OP is not aware of that, then that might be an additional risk for the OP as he might freak out If by any chance Bitcoin falls under $10k in the coming months.

If let say btc falls 10k then it is really shocking for all and not only for the op but we that have more experience can easily cope up with it.

@Questat I believe you with that. Indeed that having a lot of coins on our portfolio is stressful because we need to monitor each of them but if you only have one coin in your purse, you can worry less. They can say that it's risky but you can just ignore them because it was still your investment not theirs. They think that btc is risky because it is too volatile but if you know what you are doing, you are calm and patient enough to hodl for a long time then nothing bad will happen to you but you only need to make sure that your keys are on a safer place.

Being this much different from people matters a ton, it is quite important to make a lot of difference and understanding the market means that you could make a profit from something that other people can't make a profit from. That is a benefit that only a few people could have. There are tons of people who are not in crypto all together, and leaving that aside even most of the ones who are in crypto do not know what to when the price goes down.

People who are veterans of crypto and have faced these type of situations know what they should be doing and that is a good thing. I personally prefer buying when it goes down, but the nature of going down means that someone must have sold it and got out.

[OgNasty]

Putting literally all your money into Bitcoin is not a good idea, not in a sense that you should buy some alts, but in a sense that you should have other investments and free cash. Rule #1 is to never invest what you can't afford to lose, and no one can afford to lose all their money.

And as for alts, no one should be touching them, newbie or not. Fundamentally they have no value.

Obviously a diversified portfolio is best and nobody should have 100% of their funds in anything.  I'm not sure I'd agree with alts having no value though.  Bitcoin isn't a smart chain.  There is plenty of need for a smart chain to exist and competition is the only way to see improvement accelerate in the space.  As soon as Bitcoin became a store of value instead of a useable currency, the door flung open for everyone to try and create a better chain that can function as a p2p currency.  My portfolio is nearly all Bitcoin, but ignoring the gains that have been made over the last few years in metaverse coins and L2 solutions doesn't make you a smart maximalist, it makes you a tunnel vision investor.

[Johnyz]

This is a good decision for any newbies to embrace in the community to be part of the successful investors in the land. Investing all your money on bitcoin will really help you to grow faster in profit making because the price has decreased to $28,000, to allow people to embrace this opportunity to prepare well for a better future to come. I spend a huge amount of capital on bitcoin investment when the price decrease to $30,000 few weeks ago that is giving me full confidence that the price will definitely hit $80,000 before the end of next month.

Decentralized is still the key, though it can also be manipulated by the whales but at least there’s a higher chance for recovery. Newbies right now should do the same thing, I just don’t like the idea of going all in because there’s still risk here and the market offers a lot of opportunity so it is still better to diversify. Imagine if you are able to buy at the bottom price, in the next 3 years the price will surely become more expensive.

[goaldigger]

This is a good decision for any newbies to embrace in the community to be part of the successful investors in the land. Investing all your money on bitcoin will really help you to grow faster in profit making because the price has decreased to $28,000, to allow people to embrace this opportunity to prepare well for a better future to come. I spend a huge amount of capital on bitcoin investment when the price decrease to $30,000 few weeks ago that is giving me full confidence that the price will definitely hit $80,000 before the end of next month.

Decentralized is still the key, though it can also be manipulated by the whales but at least there’s a higher chance for recovery. Newbies right now should do the same thing, I just don’t like the idea of going all in because there’s still risk here and the market offers a lot of opportunity so it is still better to diversify. Imagine if you are able to buy at the bottom price, in the next 3 years the price will surely become more expensive.

Going all in with Bitcoin is lesser risk than to go all in on small projects, this can be a safe place for a newbie to put their money while learning the market and how it works. There’s a lot of new investors afraid to put money on small tokens, and that’s a good decision especially if they are still not familiar and don’t know what to do yet. Bitcoin will rise again, those who are able to buy more holdings are the real believer, the next halving also about to happen in the next coming years, most probably it will bring the price again. I also suggest to newbies that you don’t join any signal group, because you might lose your focus to learn if ever and that can mislead you on where is the right place to invest.