lovesmayfamilis
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July 18, 2022, 03:57:31 AM |
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The topic title has been relevant for a long time. Those who did not purchase bitcoin earlier will be sorry in our time. For beginners, of course, it is preferable to focus on Bitcoin. Altcoins can be too tempting for one-time bursts of profit, which attracts beginners, but such cases can be repeated several times, and subsequently, the altcoin dies, which does not happen at all with bitcoin. Therefore, in my opinion, it is worth relying on bitcoin, but, of course, you should not invest everything in it so as not to deprive yourself of your livelihood.
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Alisha-k
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July 18, 2022, 04:55:52 AM |
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Bitcoin might be the preferred and more secured investment in the crypto market but diversifying your portfolio is a better plan. In five years Bitcoin will definitely yield tons of ROI but most altcoin can do even triple within a short term of investment. I only suggest all eggs in Bitcoin for does lazy to do their research but can hold on to bitcoin on a long term basis
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Mpamaegbu
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July 18, 2022, 10:05:06 AM |
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this set of people will regret not puttin100% into Bitcoin give them the next 5 years from now a lot will regret not getting on board on totality.
Honestly, I don't subscribe to that. It's putting all of one's eggs in a single basket. I like diversification.
You know, whenever I see and read posts like the OP's; they remind me of a certain line in Kwaku the Traveller, a song done by Black Sherif. Everyone has made one mistake or the other at a certain point in their life. We've messed up in no small way in the past and sometimes when we remember that, we're humbled like Sherif's listeners in that song who couldn't respond to his question of infallibility – Who never fuckd up? Hands in the air, no hands? Expectedly, no one raised their hand because all are guilty. Believe me, those who say they're 100% Bitcoin now definitely weren't so when they started. We learn every day in this industry.
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TheNineClub
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July 18, 2022, 10:34:41 AM |
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A lot of shit coins out there have deceived people in cryptocurrency instead of them putting everything into Bitcoin they chose to was resources on shit coins and other stock, this set of people will regret not puttin100% into Bitcoin give them the next 5 years from now a lot will regret not getting on board on totality.
Ok, but can you explain why everything but BTC is shit? I mean, I get that perception since you said people will regret not getting into BTC specifically, and not some other non-mentioned altcoins that you may not consider shitcoins. As somebody mentioned before, it's all a matter of what investors want to support, what their goals are, what their interests are... Just blatantly spewing out BTC propaganda so you would get people on board and by that increase your portfolio values...come on.
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Sanitough
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July 18, 2022, 09:36:46 PM |
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A lot of shit coins out there have deceived people in cryptocurrency instead of them putting everything into Bitcoin they chose to was resources on shit coins and other stock, this set of people will regret not puttin100% into Bitcoin give them the next 5 years from now a lot will regret not getting on board on totality.
You can not just dictate a certain person to invest in bitcoin if he also sees it in different way. People have different views and choices when it comes to investments, either it works for them or not, that's already their problem. After all, its their money, so they have all the right to choose what and where to invest. People only realize their mistakes if they start losing. The good thing is, mistakes also leave them new lessons to learn. And maybe after that, they will start seeing the real value of bitcoin.
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Christopher Andrews
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July 19, 2022, 04:42:02 AM |
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Currently, the state of Bitcoin doesn’t seem promising to a lot of people. But the situation will change in the upcoming years as Bitcoin has bounced back in the past. So, if you can invest now and hold, Bitcoin might turn out to be the best investment for you.
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kawetsriyanto
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July 19, 2022, 11:17:55 PM |
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Currently, the state of Bitcoin doesn’t seem promising to a lot of people. But the situation will change in the upcoming years as Bitcoin has bounced back in the past. So, if you can invest now and hold, Bitcoin might turn out to be the best investment for you.
Why doesn't seem promising? The current bearish is a good chance to buy Bitcoin at the cheapest price, it will be very promising to buy it since it will multiply its value significantly in the future. Indeed, Bitcoin is probably to be the best investment for everyone because it creates an opportunity for everyone to earn profits as much as possible. But it requires serious effort, sufficient knowledge, trust, confidence, patience, and experience. It is quite simple to have a Bitcoin asset, but it can be hard to hold it when there will be big FUDs. Weak holders won't be patient to deal with the situation, only strong holders can survive and finally succeed.
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Oceat
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July 19, 2022, 11:26:42 PM |
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Sorry my bad I thought you would be talking about flight using Bitcoin as payment. lol
Anyway, since you are talking about Bitcoin as in people not choosing Bitcoin instead choose the common altcoin/shit coin. Well, that would be a problem to other although it's their choice and I think they already knew that before they invest on those coin(s) but they still choose it since it's cheaper than Bitcoin. But they didn't think it through how profitable Bitcoin compared to those shit coins once the hype is gone. Smh*
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sheenshane
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July 19, 2022, 11:56:54 PM |
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I always noticed when there is a bull market trend, people will regret why they aren't buying Bitcoin at a cheap price and they are regretting it. But when the bear market comes they refuse Bitcoin to use or invest in, a lot of people have been disappointed or jumped into altcoins which is the more high risk compared to Bitcoin.
The disadvantage is there's no time frame when you'll get profit because as we know Bitcoin doesn't have infinite growth and not all the time it will grow the price. 100% investment in Bitcoin doesn't a wrong idea in my opinion, as long as that 100% is the amount that you can afford to wait for how many years which for sure it's worth it for you.
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Marvell1
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July 20, 2022, 03:25:12 AM |
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A lot of shit coins out there have deceived people in cryptocurrency instead of them putting everything into Bitcoin they chose to was resources on shit coins and other stock, this set of people will regret not puttin100% into Bitcoin give them the next 5 years from now a lot will regret not getting on board on totality.
In as much as we all love Bitcoin and encourage everyone to invest in it, i will still have to disagree with you on you advising users to put 100% in Bitcoin, what then happens to the rule that says "Diversify"? It is true Bitcoin is the only trusted crypto coin, but we can not deny the fact that some Altcoins have really proven themselves to be worth investing in, take for example, the likes of Ethereum, Binance coin, Cardano and the rest, all this are good alts to diversify on, you cant put everything on Bitcoin, and I don't advice anybody to put all their 100% investment on Bitcoin since we cant tell which coin will give us that X1000 we are hungry for in the shortest time period. Investing in altcoins such as Ethereum, Bitcoin, and Ada can offer bigger rewards than bitcoin, but you forget one important fact they depend on bitcoin's movement as well. If bitcoin's price doesn't rise, they won't make a profit for you, since bitcoin remains the dominant coin. "Diversification" is more perfect when we talk about outside of crypto because crypto is very risky, even bitcoin cannot be profitable for a certain period of time, sometimes we hold for a few years to become profitable. Diversification here in my opinion, we will invest not only in cryptos but also in real estate or stocks and gold. This will help us better optimize our profits instead of focusing on just one cryptocurrency.
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Rockstarguy
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July 20, 2022, 12:23:49 PM |
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Normally bitcoin is the best coin to invest in because of it reliability even during in the bearish market. It is better to start investment in bitcoin first instead of altcoins. Some people may decide to make investment in only bitcoin because of the trust they have bitcoin, but investing it is not advisable to put all eggs in one basket. Because of the high risk that is involve in the investment some people would want to invest bitcoin, yes bitcoin is good but one needs to diversify when it comes to investment even if it is not in altcoins.
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Luzin
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July 20, 2022, 12:43:50 PM |
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It is quite simple to have a Bitcoin asset, but it can be hard to hold it when there will be big FUDs. Weak holders won't be patient to deal with the situation, only strong holders can survive and finally succeed.
Based on the experience I have passed we should be sure that the price of bitcoin ATH should be able to come back again, we just wait for it to happen again and seize the moment. Currently, the price has dropped almost the same as the price of the ATH decrease in 2018. So I think right now is probably the right enough time to incrementally increase your BTC amount. With the analysis that in two halving periods the bitcoin price can always return to its best price. In addition, I also hope that the deteriorating global macroeconomic situation will not change the four-yearly price cycle that regularly occurs. I hope that the consensus of confidence in BTC's price does not decrease either.
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Doan9269
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July 20, 2022, 12:47:38 PM |
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A lot of shit coins out there have deceived people in cryptocurrency instead of them putting everything into Bitcoin they chose to was resources on shit coins and other stock, this set of people will regret not puttin100% into Bitcoin give them the next 5 years from now a lot will regret not getting on board on totality.
Already some are regretting that from the past, they were the set of people that watfh and say all manner of shits about bitcoin and instead of giving it a try, the move has transcended from what thhey believe it to be now to world best and most recognized digital currency, i think aloy has affected their inability to understand what bitcoin is at the onset, they don't research about it, neither do they give it a second thought for trial or go through the investors that are well recognized over the world investing in bitcoin, now is another set opportunity to adopt and invest with the greatest opportunity to buy at dip against the future, some will and sone maynot.
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Shamm
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July 20, 2022, 12:54:32 PM |
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Investing without having knowledge could make us easily got fall into the wrong investment. Like choosing coins to invest, research is a must not because having someone suggest it we also have to invest as well not giving the time to check it and this is the reason why many people had to lose their money instead of multiplying it.
As for me, investing in altcoins isn't a bad idea as long as it can be trusted and much more it was legit and has a working product as this is the only way it gives us some assurance that it will grow.
That's why other investors failed or get scammed because of greediness without further knowledge they easily trust and invest without knowing that site is a scammer offering big amount of return if you invested With them but in the end of the day they will leave you in the air. And going back to the title maybe there's a chance we will regret if we can not take seriously in Bitcoin because there's a chance that the price will go higher and higher .
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tvplus006
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July 20, 2022, 05:06:25 PM |
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A lot of shit coins out there have deceived people in cryptocurrency instead of them putting everything into Bitcoin they chose to was resources on shit coins and other stock, this set of people will regret not puttin100% into Bitcoin give them the next 5 years from now a lot will regret not getting on board on totality.
The cryptocurrency market is designed so that there is an opportunity to make a profit even on a shit coin. And those who got a big profit look at bitcoin maximalists with a smile. Others use their profits that they received from altcoin trading to buy bitcoin and thereby increase its amount in their wallet.
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kawetsriyanto
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July 20, 2022, 10:52:01 PM |
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Based on the experience I have passed we should be sure that the price of bitcoin ATH should be able to come back again, we just wait for it to happen again and seize the moment. Currently, the price has dropped almost the same as the price of the ATH decrease in 2018. So I think right now is probably the right enough time to incrementally increase your BTC amount.
For people who understand Bitcoin price history and know the scheme of bearish-bullish, they should be confident that BTC ATH is possible to come back again in the future. But for beginners or people who are easily influenced by FUDs, may doubt it and can sell their Bitcoin in hurry (panic) once there is a big FUD. To be a strong holder requires knowledge, experience, and tough belief. Although there was already the same situation in 2018, someone can still worry since no guarantee the same way will repeat. Not everyone will think the same as you, mate. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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KingsDen
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July 21, 2022, 04:34:20 PM |
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A lot of shit coins out there have deceived people in cryptocurrency instead of them putting everything into Bitcoin they chose to was resources on shit coins and other stock, this set of people will regret not puttin100% into Bitcoin give them the next 5 years from now a lot will regret not getting on board on totality.
It is not everyone that wants profit in 5years time, some wants profit next month, some wants next week, some wants tomorrow and others want next hour or minute. It is not all that will.live till 5yrs. Even if the altcoins we sew now doesn't exist in the next 5 years, new ones will be there and investment and trading continues. Everyone should do what pleases them now, whether you buy bitcoin or not, someone will still regret. I recommend people that doesn't want short term profit to invest in bitcoin, otherwise alternative choice.
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RILWAN
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July 21, 2022, 08:27:17 PM |
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To this very point, I think you are right, investing in Bitcoin in a bear market will sustain one investment because most of the available altcoins will not survive the market for long, and even if they do the impact of the bear market in those altcoins will be too much for them to survive the bear market.
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kawetsriyanto
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July 21, 2022, 10:37:11 PM |
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To this very point, I think you are right, investing in Bitcoin in a bear market will sustain one investment because most of the available altcoins will not survive the market for long, and even if they do the impact of the bear market in those altcoins will be too much for them to survive the bear market.
To be honest, I don't get your point. Do you mean it is better to invest in Bitcoin only, dude? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) I think, there is no problem if someone wants to invest in Bitcoin and altcoins as well. There are some good altcoins that have strong fundamentals, why don't buy them? Especially those top altcoins, they are very likely to survive a long time. As far as you choose reputable altcoins, there is nothing wrong to invest your money in altcoins. If you are afraid of the possibility of being delisted from exchanges, only choose altcoins that have high market caps. However, if you only want to invest in Bitcoin only, it is no problem. It is your money, it is your own right. But claiming most altcoins won't survive, seems not really a wise statement. Except, you can prove it!!
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m2017
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July 22, 2022, 05:33:09 PM |
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The topic title has been relevant for a long time. Those who did not purchase bitcoin earlier will be sorry in our time. For beginners, of course, it is preferable to focus on Bitcoin. Altcoins can be too tempting for one-time bursts of profit, which attracts beginners, but such cases can be repeated several times, and subsequently, the altcoin dies, which does not happen at all with bitcoin. Therefore, in my opinion, it is worth relying on bitcoin, but, of course, you should not invest everything in it so as not to deprive yourself of your livelihood.
If we consider the time period of 5 years, then undoubtedly, the earlier bought bitcoin, the better. Otherwise, the truth is, you will have to regret the missed opportunities. At short distances, things can look a little different. Those who didn't buy bitcoin half a year ago are unlikely to regret it now, because at the moment the most attractive price compared to past high rates. Altcoins, of course, are attractive to beginners, but I would not recommend them to get involved in this in view of the riskiness and lack of experience of beginners. At the initial stages, it is quite possible to be content with only investing in bitcoin.
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