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

[Rockstarguy]

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.

Newbies always have the mindset of getting profit, they never think of volatility,  that the price of bitcoin can fall, when the price fall they get panic immediately because fall of price was never expected.  Newbies are always ready to use all their money to invest which is not supposed to be so. But as time goes on most newbies learn from their experiences on how to have patience,  how to hodl to avoid loss in the bear market by not selling.

[Wiwo]

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

[P2PECS]

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

I agree. It is not uncommon on a BTC forum to have people who have either all in bitcoin or a very significant part of their net worth in it. I prefer to be diversified.

The problem with having it all in BTC as the OP comments is that some people panic when things don't go as expected and sell at a loss.

[fzkto]

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

You don't have to diversify because, as you said, bitcoin is the most secure cryptocurrency. But if bitcoin is having a bad time, any other coins will feel even worse. So don't buy the whole deposit at once, but buy in parts. That would be the best strategy. And if the market situation becomes favourable, you can consider buying other cryptocurrencies.

[dunfida]

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

You don't have to diversify because, as you said, bitcoin is the most secure cryptocurrency. But if bitcoin is having a bad time, any other coins will feel even worse. So don't buy the whole deposit at once, but buy in parts. That would be the best strategy. And if the market situation becomes favourable, you can consider buying other cryptocurrencies.

You do say about increment purchasing or buying? Its not a bad idea since there are people who do really accumulates on everytime they do see bitcoins price plummets and solely focus into this one rather than making

some consideration on some altcoins in the market.Giving out guarantees are shit ones on which we cant really that able to tell precisely on what would gonna happen in the market even in talking about Bitcoin.

Thats why the golden rule on this market is never ever tend nor plan to all in even whether you are a noob or a veteran but we know the main differences when it comes to decisions to be made
which is totally situational and depending on someones skills and awareness towards the market. Dont go all in because whenever things out of hand then you would really be finding
yourself in big trouble.

[minime0105]

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

you are right having all your investment in one channel is what crippled some people for investment. Only people that have the mind of diversifying investment is people who have the experience before. Some people who don't know exactly how the investment of cryptocurrency works is the people who think of it and know everything about how to invest into cryptocurrency, like me i don't think that people diversified investment, even in the manual investment

[Alisha-k]

Putting all your money in Bitcoin is saying Bitcoin is now your legal tender. Meaning you only transact Bitcoin no more fiat, Bitcoin is better as a store of value due to volatility but when comparing it to stable coins and some altcoins it remains a better option. But to So as not to risk more than you can afford spreading your portfolio is better even though the percentage might not look even but it will save some heartbreaking moment

[posi]

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

I think he's just talking about bitcoin and other altcoins in the crypto space. It isn't wrong to put all of your money into bitcoin without using altcoins, which is something that a lot of newbies do not do.

Diversifying a portfolio from multiple sources is essential, cryptocurrencies are not a 100% safe environment and will always generate profits. So we will also have to invest in other areas besides cryptocurrencies.

[Raflesia]

Diversifying a portfolio from multiple sources is essential, cryptocurrencies are not a 100% safe environment and will always generate profits. So we will also have to invest in other areas besides cryptocurrencies.

That is indeed very important Diversification as another source, if people don't do this then I think it's a wrong step, of course we should be able to find opportunities from other sources so that they don't fall at the same time, when bitcoin drops then we can see from the diversification that we use while in On the other hand, fluctuations in cryptocurrencies are unpredictable and very vulnerable to fluctuations.
Investment in various other sources must be done so that we can do good management.

[Minecache]

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.

All altcoins depend on bitcoin, none of them do well when bitcoin's price is falling, so it would not be wrong to invest all your money into bitcoin. There is a difference between crypto markets and other financial markets, in that they are less dependent on one another, but in the case of crypto, the rest of the market tracks bitcoin. Portfolio diversification is only true when you invest in altcoins not bitcoin, bitcoin is the safest in the crypto market.

[peter0425]

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin.

well , it has been said already that it is better to invest in single coin such bitcoin than currency that represent altcoins because those are very risky and most of those died in sooner time.

so it is better for the said single investment than other coin to Bitcoin.

Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

all currency are volatile mate ,except from Stable coins so yes either diversifying or not? yet  cryptocurrency are volatile and you will only learn when you experiences losses before gaining.

[posi]

Diversifying a portfolio from multiple sources is essential, cryptocurrencies are not a 100% safe environment and will always generate profits. So we will also have to invest in other areas besides cryptocurrencies.

That is indeed very important Diversification as another source, if people don't do this then I think it's a wrong step, of course we should be able to find opportunities from other sources so that they don't fall at the same time, when bitcoin drops then we can see from the diversification that we use while in On the other hand, fluctuations in cryptocurrencies are unpredictable and very vulnerable to fluctuations.
Investment in various other sources must be done so that we can do good management.

During times like these, we are forced to recognize the importance of diversifying our portfolio as part of our financial strategy.
At the moment, cryptocurrencies cannot provide us with the desired income, some are even stuck in the market due to their previous buy being made at too high prices that they were not able to recover from. Therefore, it is essential that we have an outside investment to support us during the difficult days that the market brings.

[btc78]

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

I think he's just talking about bitcoin and other altcoins in the crypto space. It isn't wrong to put all of your money into bitcoin without using altcoins, which is something that a lot of newbies do not do.

Newbies or Old timer , yeah there are some decided to buy purely in bitcoin but there are also many that desires buying multiple coins so maybe this is other part of the discussion.

Diversifying a portfolio from multiple sources is essential, cryptocurrencies are not a 100% safe environment and will always generate profits. So we will also have to invest in other areas besides cryptocurrencies.

though there are some who only invest in Bitcoin but as majority of advices you get now are saying it is always best to diversify our folio , from buying one coin and another for holding long term.

[Fivestar4everMVP]

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 totally buy this, this is indeed a thoughtful decision and it's a right one, Bitcoin is the most trusted cryptocurrency, in terms of security of funds, in terms of liquidity and volume, Bitcoin has it all, in terms of decentralization, Bitcoin is the father, no entity of group of persons or individual can temper or have access to Bitcoin's code, it is built to run on its own without any interference from any third party.
Bitcoin is indeed the only trusted crypto coin to start crypto currency investment with, and as the investor grow and learn how to manage risks, he or she can start diversifying to other coins.
It's a simple but very good strategy.

[freedomgo]

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

I think he's just talking about bitcoin and other altcoins in the crypto space. It isn't wrong to put all of your money into bitcoin without using altcoins, which is something that a lot of newbies do not do.

Diversifying a portfolio from multiple sources is essential, cryptocurrencies are not a 100% safe environment and will always generate profits. So we will also have to invest in other areas besides cryptocurrencies.

Bitcoin is a good choice for safe and profitable long term investment but knowing the market is highly volatile, that makes bitcoin price too prone to fall. So if its hard for you to see bitcoin price consistently fall, as well as with the rest of altcoins, then diversifying your investments through stocks, real estate, or bonds may also be a good choice. At least, when one investment falls, you still have other sources of investment to generate profits.

[Wiwo]

Putting all your money in Bitcoin is saying Bitcoin is now your legal tender. Meaning you only transact Bitcoin no more fiat, Bitcoin is better as a store of value due to volatility but when comparing it to stable coins and some altcoins it remains a better option. But to So as not to risk more than you can afford spreading your portfolio is better even though the percentage might not look even but it will save some heartbreaking moment

Well the trust in Bitcoin as an alternative currency and Bitcoin as a store of value, is why some Bitcoin enthusiasms make Bitcoin their sole currency and never look at the other coins in the market. But then one needs to make adequate provision against a rainy day by diversifying the portfolio and investing in some stablecoins that have the possibility of making good profits in the future.

[MCobian]

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

I think he's just talking about bitcoin and other altcoins in the crypto space. It isn't wrong to put all of your money into bitcoin without using altcoins, which is something that a lot of newbies do not do.

Diversifying a portfolio from multiple sources is essential, cryptocurrencies are not a 100% safe environment and will always generate profits. So we will also have to invest in other areas besides cryptocurrencies.

Bitcoin is a good choice for safe and profitable long term investment but knowing the market is highly volatile, that makes bitcoin price too prone to fall. So if its hard for you to see bitcoin price consistently fall, as well as with the rest of altcoins, then diversifying your investments through stocks, real estate, or bonds may also be a good choice. At least, when one investment falls, you still have other sources of investment to generate profits.

Although Bitcoin has proven to perform very well in pandemic situations compared to other assets, but it seems unwise to risk all of our money
to invest in Bitcoin. After all, Bitcoin is an asset with a very high risk, because the price is very volatile and very difficult to predict. So we still have
to be careful and be able to diversify investments to make us safer, however investing in only one asset is not recommended. Especially in a bear
market situation like now it is very tiring and frustrating if we only invest in Bitcoin. As you said to maximize profit we should also consider investing
in other assets. We can learn a lot from some successful investors, most of them definitely diversify their investments and don't rely on just one asset
to make a profit.

[lienfaye]

Well the trust in Bitcoin as an alternative currency and Bitcoin as a store of value, is why some Bitcoin enthusiasms make Bitcoin their sole currency and never look at the other coins in the market. But then one needs to make adequate provision against a rainy day by diversifying the portfolio and investing in some stablecoins that have the possibility of making good profits in the future.

Actually its not surprising if many investors chose Bitcoin as their main crypto investment and afraid to diversify especially during bearish season. Its because Bitcoin is proven to be reliable compared to other altcoins that has a possibility to lose their value. Thats why if the particular investor decided to stick to Bitcoin and not considering to diversify their portfolio, we cant blame them since its hard to take risk in alts (though some of these coins are also worth to invest in).

[Ojima-ojo]

We should think more about the risk of having all your investments in one single portfolio, such as bitcoin. Bitcoin happens to be the most reliable cryptocurrency for investment but at the same time, Bitcoin is a highly volatile asset. So I will still advise you to diversify your portfolio into multiple sources.

I agree. It is not uncommon on a BTC forum to have people who have either all in bitcoin or a very significant part of their net worth in it. I prefer to be diversified.

The problem with having it all in BTC as the OP comments are that some people panic when things don't go as expected and sell at a loss.

Such sell-off is what tesla did recently offloading about 75% of their total bitcoin holding, and the company sold the Bitcoin below the purchase price which is a taxable and capital loss.

[Semar Mesem]

The most important thing for success is being willing to take risks, if we want life to change then it is appropriate to do extreme things, namely putting all the money in cryptocurrencies, if so, the next step is to be patient to wait because I believe the market will recover soon.