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

[hatshepsut93]

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.

The price of altcoins is based on hype, artificial pumps, irrational speculation. It's not based on real world utility. That's why altcoins come and go, coins that had billions in marketcap yesterday are forgotten today. Smart contracts are only used in crypto sphere itself - trading crypto for other crypto, gambling, creating tokens, etc. There's no company outside of crypto, big or small, that somehow utilizes smart contracts. Despite this being the original claim behind the "world computer". Vitalik was promising how Ethereum will automate the sale of electricity, for example.

And as for use for payments, Bitcoin is still far better than any altcoin thanks to LN. Because Bitcoin combines the robustness of its network with instant and nearly free transactions of LN, while altcoins have smaller network that can be attacked or exploited.

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[Rockstarguy]

As a newbie in cryptocurrency I have always invested in bitcoin because bitcoin is the only coin I can rely on no matter how the market is bearish. Bitcoin is the best coin to invest in when it comes to long-term investment,  I think as a young investor it is best to start with a coin like bitcoin that is well reliable even when the market is bearish,  because it will definitely comes up.

[m2017]

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.

To understand and see the advantages and superiority of bitcoin over all the other cryptocurrency, you need to survive the fall of some crypto in which you have invested. Of course, it’s not at all necessary that you personally invest in this, but when your money is at stake and you see how it melts before your eyes, it’s great sobering. After seeing such a whole touch of naivety that you can take risks for the sake of obtaining a possible large profit by investing in altcoins, it instantly disappears.

In general, I support your decision to invest all available money in bitcoin without splitting into altcoins. In my opinion, these hypothetical opportunities to make good money are not worth these risks.

[BITCOIN4X]

As a newbie in cryptocurrency I have always invested in bitcoin because bitcoin is the only coin I can rely on no matter how the market is bearish. Bitcoin is the best coin to invest in when it comes to long-term investment,  I think as a young investor it is best to start with a coin like bitcoin that is well reliable even when the market is bearish,  because it will definitely comes up.

People always say that in the long term bitcoin still has the potential to generate profit for its investors. We know historically that bitcoin was down 90% more than ATH but look what is happening now, bitcoin has risen and is providing good returns for its investors. I am a firm believer in the long term the bitcoin price will still increase, I know it is never guaranteed by anyone but the growth in users and adoption has given us good hope of having something great in the long term.

[nurilham]

People always say that in the long term bitcoin still has the potential to generate profit for its investors. We know historically that bitcoin was down 90% more than ATH but look what is happening now, bitcoin has risen and is providing good returns for its investors. I am a firm believer in the long term the bitcoin price will still increase, I know it is never guaranteed by anyone but the growth in users and adoption has given us good hope of having something great in the long term.

If it is for the long term, BTC never disappoints us. Just learn the price history, after a bearish, there should be a bullish period followed. Even, every 4 years, BTC has another ATH (a new ATH). This means that BTC always recovers its price, and people shouldn't be worried about the potential of BTC investment in the long term. Sure, there is no guarantee about how long the BTC exists and how the adoption of BTC in the future, but it is always growing fast nowadays. It is a sign that BTC begins to be a crucial part of human daily needs, which means to have hope for a long last.

[n0ne]

As a newbie in cryptocurrency I have always invested in bitcoin because bitcoin is the only coin I can rely on no matter how the market is bearish. Bitcoin is the best coin to invest in when it comes to long-term investment,  I think as a young investor it is best to start with a coin like bitcoin that is well reliable even when the market is bearish,  because it will definitely comes up.

People always say that in the long term bitcoin still has the potential to generate profit for its investors. We know historically that bitcoin was down 90% more than ATH but look what is happening now, bitcoin has risen and is providing good returns for its investors. I am a firm believer in the long term the bitcoin price will still increase, I know it is never guaranteed by anyone but the growth in users and adoption has given us good hope of having something great in the long term.

This is true, people should know the reality of the market than just investing without any prior understanding. Bitcoin provides good profit in the short term for the luckiest which happens to very few members. Apart, it is an asset that assure profit in the long term. Some gets panic in between and ends up selling in loss. This should not happen, we should have the trust and the patience to profit from the bitcoin market.

[Newlifebtc]

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.

Bitcoin is falling seriously i don't know if every body will like or wish to bring bitcoin close through investment, but this is not the right time to invest or turn all your money into bitcoin, because the falling habit of Bitcoin and any other cryptocurrencies is very scary because not to lost investment money, the investment is that if you mind permit you to invest there you can invest because buying now might give you more Profit than leaving it in fiat currency that does not appreciate

[Marvell1]

Free cash? You mean fiat, he can be able to convert some bitcoin to cash if he wants, I can easily convert bitcoin to cash if I want. Also he can easily convert bitcoin if he wants to invest in other assets like gold. I do not see anything bad to leave his asset in bitcoin but it will be good for him to know how the price of bitcoin can be volatile but leading to all-time-high again.

Yes, it's stupid to not own any fiat. Any investment can crash, especially Bitcoin, with which it happens regularly, so converting it to fiat might be forced to be at a loss. A strong fiat currency like USD and Euro is not going to lose its value overnight. Inflation is predictable.

There's no 100% certainty, including bitcoin, that there should always be a backup fiat account, that's for sure. Inflation will devalue fiat money, but not so quickly that we won't be able to turn one's hand. Meanwhile, bitcoin's volatility is measured in minutes by hours and is almost unpredictable so it would be risky to hold all assets in bitcoin.

Some altcoins have value but just that we do not know the next that will follow luna, people should only risk what they can lose on altcoins, that is how I see altcoins.

Risks should be managed in a way that a potential reward is higher than the downside. With altcoins there's only downsides. They have no future, no one uses them, no one will use them. In 10 years globally nothing changed with altcoins - they have no adoption.

Totally disagree, not all altcoins are useless look what Ethereum has done so far. Bitcoin cannot make the success of cryptocurrencies today, without altcoins we would not be able to see the real value of bitcoin. Alt is essential if you still want the market to grow.

[South Park]

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.

It is nice to see at least a newbie with some common sense, every single day we see newbies taking enormous risks that even some of the most experimented members of the forum will never take and yet they think that somehow they are going to make things work, but as you may guess that is not what happens and the people that invested in altcoins lose a great deal of their money, and while what we saw with Terra Luna is the most extreme example of this, the truth is that we see something like this happening almost every single day.

[Ojima-ojo]

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.

It is nice to see at least a newbie with some common sense, every single day we see newbies taking enormous risks that even some of the most experimented members of the forum will never take and yet they think that somehow they are going to make things work, but as you may guess that is not what happens and the people that invested in altcoins lose a great deal of their money, and while what we saw with Terra Luna is the most extreme example of this, the truth is that we see something like this happening almost every single day.

Thanks, ops I have seen how many newbies like myself make a lot of mistakes all to make big profits from altcoin that does not have sustainable market viability, for a long term sake one needs to put all in Bitcoin. In the coming days and still planning to convert my other assets and put them all into Bitcoin.

[thecodebear]

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.

Smart choice. Too many people dive into alts because they think they will get rich. The lucky ones who bought in early do briefly make a lot of money, and then alts always crash and they lose it and sell at a loss. With Bitcoin you know that as long as you keep your money in it long term you will always grow your wealth, no matter what the short term price movements are.

Even I, who first got into Bitcoin in 2013, made the mistake of diversifying out some of my Bitcoin last year (i used to be 95% Bitcoin, 4+% ETH, tiny bit of LINK) into the various L1 smart contract platforms, thinking they were going to start taking off. Now looking at the non-ETH smart contract space all I see is desolation haha, not just from a bear market perspective but from the fact that none of them are really doing anything. I wasted a bunch of Bitcoin thinking that diversifying some into rising altcoin L1 platforms would be a good idea. Got rid of most of them after Luna collapsed. That was the final lesson I needed to only bother adding to my Bitcoin stash in the future.

[EdenHazard]

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.

It is nice to see at least a newbie with some common sense, every single day we see newbies taking enormous risks that even some of the most experimented members of the forum will never take and yet they think that somehow they are going to make things work, but as you may guess that is not what happens and the people that invested in altcoins lose a great deal of their money, and while what we saw with Terra Luna is the most extreme example of this, the truth is that we see something like this happening almost every single day.

Thanks, ops I have seen how many newbies like myself make a lot of mistakes all to make big profits from altcoin that does not have sustainable market viability, for a long term sake one needs to put all in Bitcoin. In the coming days and still planning to convert my other assets and put them all into Bitcoin.

Well if you fully aware that even bitcoin could always fail at any time , then go forr it. Big risk big return indeed, but for now bitcoin seems doing fine which is good for you , but still you should never forget that there is a huge risk await.

Brace yourself and wish you a goodluck putting all your lifesaving there 

[carlfebz2]

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.

It is nice to see at least a newbie with some common sense, every single day we see newbies taking enormous risks that even some of the most experimented members of the forum will never take and yet they think that somehow they are going to make things work, but as you may guess that is not what happens and the people that invested in altcoins lose a great deal of their money, and while what we saw with Terra Luna is the most extreme example of this, the truth is that we see something like this happening almost every single day.

Thanks, ops I have seen how many newbies like myself make a lot of mistakes all to make big profits from altcoin that does not have sustainable market viability, for a long term sake one needs to put all in Bitcoin. In the coming days and still planning to convert my other assets and put them all into Bitcoin.

Well if you fully aware that even bitcoin could always fail at any time , then go forr it. Big risk big return indeed, but for now bitcoin seems doing fine which is good for you , but still you should never forget that there is a huge risk await.

Brace yourself and wish you a goodluck putting all your lifesaving there 

Acceptance of the risk i would say or we do all  know on which people could neither be accepting the risk involved or not and its up to their choice whether they would be integrating it into their business or not.

As long you accept the risk then i dont see anything wrong or hindrance for someone to make up decisions.Its your money so its your full control on what you should gonna do.

Mind off about the things that could  possibly happen if ever the market would be bitter and on the time that it do make some greens.

[Kelvinid]

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

Never crashed? In fact, this is what we see nowadays, we are in a market crash situation where the entire market is affected including Bitcoin.

If you think that Bitcoin is immune to this, you can be wrong and I will advise you not to focus on Bitcoin investment alone but rather to split it. There are a lot of investment opportunities in your local (that are surely possible), you can invest them as well to back up your Bitcoin investment as this was a smart and wise idea.

[BuNga_cute]

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

Never crashed? In fact, this is what we see nowadays, we are in a market crash situation where the entire market is affected including Bitcoin.

If you think that Bitcoin is immune to this, you can be wrong and I will advise you not to focus on Bitcoin investment alone but rather to split it. There are a lot of investment opportunities in your local (that are surely possible), you can invest them as well to back up your Bitcoin investment as this was a smart and wise idea.

If someone says Bitcoin never crashes, it means he has no knowledge of the crypto world. Due to the fact that not only this year has Bitcoin crashed
or dropped in price very drastically, but Bitcoin has fallen repeatedly. But what makes Bitcoin special compared to other coins, Bitcoin can always
recover no matter how deep the price of Bitcoin falls. Therefore Bitcoin is the safest choice for investment, so it is not wrong if there are newbies
who do not understand the crypto world well, finally decided to use all his capital to invest in Bitcoin. Instead of him choosing the wrong coins
for investment, but like you said it would be better if we diversify when investing. This means don't just invest in Bitcoin, but our capital can be used
to invest in several assets.

I think for newbies, at least don't just focus on investing in crypto, it would be better if the capital it has is also bought in gold or the stock market.
Even if we have a large enough capital, I think we should try investing in real-estate too. The conclusion is that investing in several assets will make
the profit we generate much better.

[uneng]

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

Never crashed? In fact, this is what we see nowadays, we are in a market crash situation where the entire market is affected including Bitcoin.

If you think that Bitcoin is immune to this, you can be wrong and I will advise you not to focus on Bitcoin investment alone but rather to split it. There are a lot of investment opportunities in your local (that are surely possible), you can invest them as well to back up your Bitcoin investment as this was a smart and wise idea.

Maybe he expressed himself wrongly and probably meant bitcoin doesn't lose value on long run, different from altcoins which lose volume, influence and adoption as the market evolves or when their hypes are gone. So far bitcoin has been immune to crashes on long term, always surprising investors and enthusiasts positively when looking the bigger picture. Furthermore, I believe OP is already aware bitcoin is the dominant currency on this market, in every directions: upside or downside. It's bitcoin which launches the bullish and bearish seasons, while the rest of the market's currencies just follow its fluctuations. So it makes total sense to concentrate the investment in BTC, that could be considered the "cause" and altcoins the "consequences" or "effects".

[Nrcewker]

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.

I agree on the fact that, all the alts are trash.
If we invest on alts, then for surely we will end up on losing all the investments.
I don't agree with you in the fact that you are not trusting on Bitcoins.
As the OP already said, Bitcoins are the one of the largest mined coins and have great potential.
Moreover we all know that how far Bitcoins have come from 2010.
Bitcoins are limited in supply, so eventually when the demand will be more, then the supply will be less and hence Bitcoins will rise again.
So if anyone have some spare money and wants to invest in somewhere. Then just blindly invest in Bitcoins if possible.
You will surely thank me later for this advice.

[Wiwo]

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.

I agree on the fact that, all the alts are trash.
If we invest on alts, then for surely we will end up on losing all the investments.
I don't agree with you in the fact that you are not trusting on Bitcoins.
As the OP already said, Bitcoins are the one of the largest mined coins and have great potential.
Moreover we all know that how far Bitcoins have come from 2010.
Bitcoins are limited in supply, so eventually when the demand will be more, then the supply will be less and hence Bitcoins will rise again.
So if anyone has some spare money and wants to invest it somewhere. Then just blindly invest in Bitcoins if possible.
You will surely thank me later for this advice.

As a follow up to what you have said on Bitcoin potential there speculative nature of Bitcoin is somewhat minimal compared to altcoin though not all altcoins are trash we still have some potential altcoin that has a long term ability to make upward development just like Bitcoin, even though Bitcoin is the most secured we can not total roll out the ability of other coins in the market. And for diversification of our portfolio sake, we need to balance up our portfolio. So 100% Bitcoin portfolio is not cool for me

[RealMalatesta]

It is nice to see at least a newbie with some common sense, every single day we see newbies taking enormous risks that even some of the most experimented members of the forum will never take and yet they think that somehow they are going to make things work, but as you may guess that is not what happens and the people that invested in altcoins lose a great deal of their money, and while what we saw with Terra Luna is the most extreme example of this, the truth is that we see something like this happening almost every single day.

Newbies come here usually from places that make them do like that, and that is the problem, because if you see what crypto is for the first time from a person who tweeted like "had 20 bucks in my account last year, now I am driving a lambo thanks to X token!!" and come here to buy that x token, you may get fooled.

But, someone who has a grain of brain would know that same could not happen that quickly and would start to instead learn what this is all about. I personally believe that we are going to have a lot more newbies who will be interested in learning a lot more and that will end up with something that will make them a lot more money in the long run, instead of just getting rich quick.

[Piesel]

This is the ultimate advice ever imagine if one has put some good amount of money in Bitcoin since 2011 till date, the profits will be huge by now despite the market reduction recently but 32 thousand dollars Bitcoin price is not a joke, compared to the time of purchase. I will put whatever amount I can into buying more Bitcoin looking away from it for the next 10 years to see how far that could have gone.