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

[kotajikikox]

Many people saw cryptocurrency as a good way of making money in exemption of fiat currency, so Bitcoin since it has thrown to air many people started to like bitcoin.

But the main Idea here is that he Goes one time , meaning all the amount are funded in Bitcoin alone in which for me? not practical because diversifying will benefits good than putting all eggs in single basket.

Recently no average youth who is not interested or who is not into cryptocurrency, i believe that investing money for cryptocurrency weather it is large or small, it's good to invest into cryptocurrency because it's a cryptocurrency give asset and profit. Newbies investing funds into cryptocurrency is not bad idea because many people is using cryptocurrency best investment platform

I can feel that as my Son and daughter are also involving in crypto nowadays specially NFT and trading in Binance .

When Newbie Invest and gets profit, he will think that Bitcoin is a very good investment, this has also been experienced when I was still a newbiew, at first I invest around $ 50 then profit and became $ 80 in less than a month this made me excited to continue to continue to continue to continue Invest, but after I invest in large quantities that occur is the price of drops and makes me panic and sell everything, I am happy cause profit about 5% in 4 months.

that is what increasing belief and respect is , because the more we trust this market is the more we will be making money in time.

[lalabotax]

Although putting all funds in a single coin isn't a common idea, I think it is not a too bad idea. At least, you choose the right coin to invest in as a beginner. Bitcoin is the king of crypto coins, it has many advantages to consider as the main asset. Bitcoin is a crypto coin that influences the whole crypto market, its value usually has an impact on the prices of altcoins. Bitcoin is a coin that has the biggest market caps, it is the most favorite coin. Bitcoin is also the most paired in crypto market. Simply, we can conclude that Bitcoin is the most crucial coin in crypto world. According to these reasons, we know that Bitcoin is the safest coin to invest in. The price is also proven to always increase from one bullrun to another bullrun.

[sayaya17]

Although putting all funds in a single coin isn't a common idea, I think it is not a too bad idea. At least, you choose the right coin to invest in as a beginner. Bitcoin is the king of crypto coins, it has many advantages to consider as the main asset. Bitcoin is a crypto coin that influences the whole crypto market, its value usually has an impact on the prices of altcoins. Bitcoin is a coin that has the biggest market caps, it is the most favorite coin. Bitcoin is also the most paired in crypto market. Simply, we can conclude that Bitcoin is the most crucial coin in crypto world. According to these reasons, we know that Bitcoin is the safest coin to invest in. The price is also proven to always increase from one bullrun to another bullrun.

For newbies who are inexperienced and also do not have good analytical skills, choosing to focus on investing in Bitcoin is not a bad choice.
As you explained Bitcoin is the safest coin to buy by newbie, because the opportunity for the price to rise in the future is very large.
The problem is that newbies don't understand that they can't expect instant profits from Bitcoin, newbies have to learn to be patient holding
Bitcoin in the long term if they want to make a profit from Bitcoin.

In the end newbie must learn the crypto world well, to understand how Bitcoin works. So newbies don't panic when buying Bitcoin if it turns out
that the Bitcoin price suddenly drops, newbies should learn that the success of investing in Bitcoin is how patient they are holding Bitcoin.
That's why we find quite a lot of newbies who invest in Bitcoin in the end experiencing losses. Because they don't understand how to make a profit
from Bitcoin, so don't be lazy to learn the crypto world for newbies. At least a newbie must know Bitcoin well to be able to profit from Bitcoin.

[Davian144]

You should be prepared to wait for some time as bitcoin and the entire stock market are on a down move to dollars, and in the coming days with the fed deciding on inflation we should expect a long period of price decline, but you have made the right choice by choosing bitcoin over other altcoins to store your money.

It does look right because the goal is to store money in Bitcoin. But if the goal is just to save and not to make a profit at a later date. I think it would be better if the OP wants to put money in a stablecoin that he likes or that he believes is good even though Bitcoin is the best among other coins ever. So this needs to be determined from the start before the amount of assets decreases because stablecoins are always more suitable for holding an amount of money that is not being used. Because Bitcoin is only more suitable to be kept as an investment in the long term with dedication and the hope of greater profits.

[OgNasty]

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 should definitely be the backbone of any crypto portfolio.  I would even say that it should make up probably 80%+ of your portfolio (mine is higher).  I see a lot of influencers saying to go 50/50 with BTC and ETH, but I think people should look to anchor their portfolio with Bitcoin, and then speculate with a % of it that you feel comfortable losing.  There's nothing wrong with experimenting with different technologies and you might stumble on some fun projects in the meantime. 

[boltz]

Never invest everything you have in one asset or even Bitcoin. You never know with the current situation how low bitcoin can how as we could go under 15k in a matter of months or even during the Christmas as we know Bitcoin tends to make bad surprised during winter in a bear market so investing right now in anything is a bad idea in my opinion so it's better to keep your money in your hands if you can in this rough times.

[Dr.Osh]

Although putting all funds in a single coin isn't a common idea, I think it is not a too bad idea. At least, you choose the right coin to invest in as a beginner. Bitcoin is the king of crypto coins, it has many advantages to consider as the main asset. Bitcoin is a crypto coin that influences the whole crypto market, its value usually has an impact on the prices of altcoins. Bitcoin is a coin that has the biggest market caps, it is the most favorite coin. Bitcoin is also the most paired in crypto market. Simply, we can conclude that Bitcoin is the most crucial coin in crypto world. According to these reasons, we know that Bitcoin is the safest coin to invest in. The price is also proven to always increase from one bullrun to another bullrun.

the best thing in his decision was to choose bitcoin in exchange for all the funds he had. Unfortunately, since May, the price of bitcoin has fallen quite a bit, and it looks like he needs to be patient enough to hold the bitcoins he has bought from the funds he invested. however, I'm pretty sure that if he is patient, the bitcoin price will likely rise and hit its ATH again. Unfortunately, he didn't have the funds to invest elsewhere and stopped here. it is a side effect of keeping all funds in 1 basket. only, if the price really got to the new ATH, it would make him a huge profit. well, I hope the OP will get that advantage soon

[Sebas.tian]

Congratulation for the bold step you took as a newbie to invested all your money in Bitcoin in this bearish season, which is the best season many potential investors use to prepare ahead for a bright future. I think, many newbies will like to follow your step to make Bitcoin their choice to invest in this season, because everybody want to achieve something good in the future that will give he or she joy at the end of the investment. No doubt, Bitcoin is the best among other cryptocurrencies to invest in, and have full confident of making a huge amount of money in the future.

[Ojima-ojo]

Congratulation for the bold step you took as a newbie to invested all your money in Bitcoin in this bearish season, which is the best season many potential investors use to prepare ahead for a bright future. I think, many newbies will like to follow your step to make Bitcoin their choice to invest in this season, because everybody want to achieve something good in the future that will give he or she joy at the end of the investment. No doubt, Bitcoin is the best among other cryptocurrencies to invest in, and have full confident in making a huge amount of money in the future.

Thanks for these words of encouragement and I am highly impressed with the level of interest on this topic, I just ate the topic to express my decision and desire to accumulate more and more Bitcoin, but when I read through the thread I discovered a lot of contributions that added more sense to the discussion and what to look out for in this kind of decision and how to avoid some risk in this field.