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

[Wilhelm]

When it was still a newbie and tried investing with a small value and then profit, it would usually increase the number of investments and even sell anything to investment, I also did that, initially invest $ 100 then profit more than 30% in 4 months ago I added more $ 500 and so on, And stop investing when I saw the price of drops and large profits that I got back again and in total only profit was around $ 120 in 8 months.

I think I've had comparable investing experiences. Making good money but then getting caught on the big red candles.

Then getting losses on an exchange that got hacked.

After a while I went for the cold wallet HODL-n-accumulate non-optimal profit model. It has served me well.

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[Piesel]

Putting everything into Bitcoin may seem to be the smartest move to make to secure your investment for long-term purposes, but the truth of the matter is diversification is a very important attribute of an investment. So I will still suggest you rethink and make your portfolio up of quality assets that have long-term goals.

[carlfebz2]

Putting everything into Bitcoin may seem to be the smartest move to make to secure your investment for long-term purposes, but the truth of the matter is diversification is a very important attribute of an investment. So I will still suggest you rethink and make your portfolio up of quality assets that have long-term goals.

No it wasnt a smartest move because going all in is never been a good thing to be done by someone but surprisingly there are people who do really consider out on making such step because they are really that

hopeful and expecting something positive towards Bitcoin which because of that kind of positivity they do really consider on taking out such action on putting or going all in.

Being a noob wont really be an excuse if ever you would be committing out some errors but its not actually a bad act of risk taking i would say.

[ReiMomo]

Market's fluctuations are unpredictable and thus in crypto, you can not trust any coin to fully get invested on. But yes, you can confidently invest on best coins like, BITCOIN, ETH, BNB and etc splitting a concerned percentage you wish but not to the whole on one coin. What if market is not fare to Bitcoin and is on ETH. So invest 50% on a coin which has high trading volume and where you trust on and invest another 25% on another top coin following Bitcoin. Keep the remaining 25% to average if some unexpected moves are observed.

[serjent05]

Market's fluctuations are unpredictable and thus in crypto, you can not trust any coin to fully get invested on. But yes, you can confidently invest on best coins like, BITCOIN, ETH, BNB and etc splitting a concerned percentage you wish but not to the whole on one coin. What if market is not fare to Bitcoin and is on ETH. So invest 50% on a coin which has high trading volume and where you trust on and invest another 25% on another top coin following Bitcoin. Keep the remaining 25% to average if some unexpected moves are observed.

I think it is safer to invest in Bitcoin alone than make a diversion with another cryptocurrency.  Why?  because it is more likely that altcoin will crash than bitcoin.  If you want to divert the investment then divert it to other ventures outside cryptocurrency.  I think Bitcoin is enough for a long-term investment when it comes to cryptocurrency.  Trading altcoins is another story though.
 

[KennyR]

Market's fluctuations are unpredictable and thus in crypto, you can not trust any coin to fully get invested on. But yes, you can confidently invest on best coins like, BITCOIN, ETH, BNB and etc splitting a concerned percentage you wish but not to the whole on one coin. What if market is not fare to Bitcoin and is on ETH. So invest 50% on a coin which has high trading volume and where you trust on and invest another 25% on another top coin following Bitcoin. Keep the remaining 25% to average if some unexpected moves are observed.

I think it is safer to invest in Bitcoin alone than make a diversion with another cryptocurrency.  Why?  because it is more likely that altcoin will crash than bitcoin.  If you want to divert the investment then divert it to other ventures outside cryptocurrency.  I think Bitcoin is enough for a long-term investment when it comes to cryptocurrency.  Trading altcoins is another story though.
 

If the user have got the patience to hold, then it is good choice investing on bitcoin. It looks like the price will crash even lower. When we plan for an investment, it is a must to enter at the lowest possible price. Maybe now we need to wait for the moment, because buying at the bottom will lower the time period required to book the profit. Diversification is good, but at this moment altcoins too are in red following the movement of bitcoin.

[dezoel]

If the user have got the patience to hold, then it is good choice investing on bitcoin. It looks like the price will crash even lower. When we plan for an investment, it is a must to enter at the lowest possible price. Maybe now we need to wait for the moment, because buying at the bottom will lower the time period required to book the profit. Diversification is good, but at this moment altcoins too are in red following the movement of bitcoin.

Well when it reached 30k, I believed that was the lowest it could reach, and I was apparently wrong, I did that back when it was 40k as well, and will probably do when it is 25k and 20k too, doesn't really mean that we would be right just because we thought that was the bottom. All in all, it is going to be fine because all of those prices will be low compared to what it will be when it gets high.

I believe that we are going to break ATH again one day, maybe not today, maybe not tomorrow, but we are going to break it, and when that day comes, we are going to end up with a great profit that will make us all rich, so I am fine with buying at any price for the past month and a half.

[Captain Corporate]

People act as if whatever they do would be the expected thing, but you have the right mindset for being a maximalist. As long as you are capable of holding, there is absolutely no problem with buying at "wrong" price, because the only difference between someone who buys at low price and someone who buys at a high price, is the amount of profit they make as long as they both wait. Sometimes you make a profit in a week, sometimes you make a profit years later, but crypto will always make a ton of profit for everyone. I believe that we will be 200k+ and that means anyone who bought from ATH to 30k, all of them will profit, some more than the other but they will all profit.

[Piesel]

I have always opted for diversity in my portfolio and not concentrate on only one asset, Bitcoin is a relatively stable asset and less volatile, so if you hold Bitcoin your asset may not crash suddenly just like most altcoins do and that can give you some level of confidence to hold for a long time, but if you looking for a quick but high risky profit then you can look in the direction of altcoins but don't hold for long if you don't want to lose everything in the process.

[Rufsilf]

I believe that we are going to break ATH again one day, maybe not today, maybe not tomorrow, but we are going to break it, and when that day comes, we are going to end up with a great profit that will make us all rich, so I am fine with buying at any price for the past month and a half.

People made their anticipations before that and that is why they fill their bags with Bitcoin and some potential altcoins believing that ATH will come after this bear condition. It is a way of thinking and remembering that past that many have been missing the opportunity for they think negatively upon seeing the huge decline. But for now, they consider this a big opportunity to earn more.

Presumably, we have this ATH again 2-3 years from now. It can be a long wait which might a challenge for newbies and short-term holders but I strongly encourage them to do so, otherwise.

[19Nov16]

Most newbies will panic if the price of bitcoin drops more than 25% in 3 days, of course this is a lesson that is difficult to forget that putting all money to one type of investment is risky, but the good news is if the newbie can be patient then the opportunity for profit is very large, the price Bitcoin drop significantly like a few days now it has often happened, what we do is be patient and wait for the best time to sell.

[Amicable55]

If you have much courage and patience. It's golden time for you to buy BTC and hold as long as you can because it will break Higher High of this probably..

[Lanatsa]

If you have much courage and patience. It's golden time for you to buy BTC and hold as long as you can because it will break Higher High of this probably..

Nothing is assured but we've seen into those things in the past on where it do reaches out price levels or points which we didnt really expect for it to be reached out which its not bad to presume once again that we

would really be heading into that point again but for now, placing yourself into the bottom would be the most ideal thing to be done but of course you shouldnt really consider on going all in yet everything isnt assured
and always be having those other funds for other priorities in life.Investment is good but always take precautionary measures on something which you might encounter and if you do have money then you could
at least able to resolve it out.

[Sir Legend]

A newbie has a simple mind, when he tries to invest and profit he doesn't hesitate to put all his money in bitcoin, but when there is a red market like today then emotional control is important, don't panic and learn from many things when it's bearish, I can only suggest don't sell when you lose, hold is better than cut loss.

[jaberwock]

Most newbies will panic if the price of bitcoin drops more than 25% in 3 days, of course this is a lesson that is difficult to forget that putting all money to one type of investment is risky, but the good news is if the newbie can be patient then the opportunity for profit is very large, the price Bitcoin drop significantly like a few days now it has often happened, what we do is be patient and wait for the best time to sell.

This is why newbies lose their money at first, and then some of them leave (most of them) and some of them stay and make their money back.

Definitely, people who invested into Luna may not recover at all, but people who were invested in bitcoin (which as a newbie you should only do that) will recover that eventually, if you are a newbie and keep saying things like "people always say that it will recover but we are down so much!!!! It won't recover you are idiots!" etc etc, will be the ones who regret a year down the line when the price is high.

This is why I always say that veterans are the ones who do not make a big deal out of ANY movement, up or down, big or small.

[Quidat]

A newbie has a simple mind, when he tries to invest and profit he doesn't hesitate to put all his money in bitcoin, but when there is a red market like today then emotional control is important, don't panic and learn from many things when it's bearish, I can only suggest don't sell when you lose, hold is better than cut loss.

Its okay if they had put up their funds in Bitcoin since we know that this is one of the most best things to be done but as mentioned on which market situation do becomes salty
then this is the time we do really make ourselves panic specially for those noobs who doesnt have enough experience which it would be mainly targeted out by
emotional aspect which is really very that common, due to our lack of experience then we would really easily panic and since you arent still aware on how this
market works initially then these are really just common reactions.

[dataispower]

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.

as you are coming new into cryptocurrency and you have to observe the environment and the coin god is good for investment like all this altcoins some of them don't have good potential for investment purpose and the market of cryptocurrency is getting bearish everyday and nobody is hoping for any altcoin for investment and it is sure that Bitcoin Bond is stronger than any cryptocurrency for investment purpose, a beginner all cryptocurrency is suppose to start with Bitcoin and ethereum as a primary coin to invest on because it will take time for this two mentioned coin to crash

[Bitcoin2009]

Don't hesitate and regret if we want to invest in bitcoin, the opportunity to continue to increase is very large especially the support from top influencers like Elon Musk of course will make the price of bitcoin continue to skyrocket, newbies and experts are the same, namely the opportunity for profit and loss is also large, don't give up and afraid to invest in bitcoin.

[Piesel]

Don't hesitate and regret if we want to invest in bitcoin, the opportunity to continue to increase is very large especially the support from top influencers like Elon Musk of course will make the price of bitcoin continue to skyrocket, newbies and experts are the same, namely, the opportunity for profit and loss is also large, don't give up and afraid to invest in bitcoin.

Should we now rely on the support from individuals like Elon Musk before investing in Bitcoin, one thing for sure is the fact that most of the people you see promoting and influencing the Bitcoin market are doing that for their interests? Take Elon Musk, for instance, his company holds a large chunk of Bitcoin and is still buying so if he makes a tweet about Bitcoin many people may get influenced, and ve motivated to invest in a biased manner.

[ShowOff]

Should we now rely on the support from individuals like Elon Musk before investing in Bitcoin,

No, it's not needed. Even if Saylor ever announces that he has consistently invested in large amount of bitcoin, then you should stick to your own stand. You should invest on your own conscious decision and should not rely on other "Personal or Institutional" investors as your losses and gains are your responsibility and not someone else's.

one thing for sure is the fact that most of the people you see promoting and influencing the Bitcoin market are doing that for their interests? Take Elon Musk, for instance, his company holds a large chunk of Bitcoin and is still buying so if he makes a tweet about Bitcoin many people may get influenced, and ve motivated to invest in a biased manner.

Do not use institutional investments as your benchmark for investing because you may not be able to follow their investment patterns even though they actually appear to support bitcoin. You just have to believe that bitcoin is good for beginners who don't really understand how other crypto assets work, this will give them a bit of a safe way to invest in crypto, because at least bitcoin won't let you down in the long term.