As a newbie I stay off shitcoin and it paid off, Bitcoin is the king.

[JoyMarsha]

When it comes to investing in a crypto market, bitcoin is a remarkable option. I don't contest that. What will happen to altcoins, though, if everyone decides to invest just in bitcoin alone? They will therefore no longer be worth anything(altcoin)

Diversifying your investments is the best course of action for your crypto investments. Have at least 70% of your investments in bitcoin and 30% in the top 20 altcoins. When the bull run begins, investing in the top 20 altcoin with a long-term objective can result in x10 profits than investing solely in bitcoin.

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[Bhig Daddy]

Altcoins have historically been short-term cryptocurrencies that are bought and sold quickly. If you do things that way, you might be fortunate enough to accrue some ROI, or you might not; but if you consider hodling them for the long-term, the chances are sky high that you'd never be lucky because they have no/fake utility. Quite a few altcoins have their utility only in the promises of the owners, which more often than not never materialize. Having said that, Bitcoin has a real utility, which is what distinguishes it, and is the reason you would always expect the price to increase again, even if it has been down for such a long time. It is also the reason why Bitcoin can't essentially die or go into oblivion like other cryptocurrencies can.

[freedomgo]

After I started my Bitcoin holding journey a few months ago,
At that time, my close friend Sam! also have some capital he want to put away in cryptocurrency, and I advised him to buy Bitcoin instead of an altcoin. But instead of him to have a long-term potential mentality, he was looking for a quick profit so he filled up his portfolio with shitcoin, while I went in on a single portfolio of Bitcoin and when the unexpected of FTX hack happen the whole market in shamble and his altcoin portfolio have dropped above %800+ but my bitcoin holding still maintains some level of stability.

This gives me more confidence in Bitcoin and newbie who are looking for long-term holding should hold more bitcoin, in their private wallet to avoid exchange, but your knowledge to always have a good entry price.

Bitcoin is definitely the king, and altcoins and shitcoins are just its clones. And most of these altcoins have nothing to be proved in the end, because they eventually lose their value in the process. But for bitcoin, the longer you hold them, the bigger chances of higher returns. And as long as you keep your bitcoin portfolio in your hardware wallet, it will always give you higher level of security too.

[dataispower]

Looking at what's going on in the crypto market right now, investing in bitcoin and holding it really seems like the safest option.
It can be said that there is already a rule that when bitcoin rises, altcoins rise even faster, but when bitcoin falls, all altcoins fall, much more than bitcoin, and many altcoins never recover, unlike bitcoin, which has been around for 13 years.
I still regret my mistake when I invested part of my bitcoin earnings in 2017 in some promising altcoins, which failed in 2018 and never recovered.
During that time bitcoins have fully recovered and I have no doubt that this scenario will repeat itself for bitcoin.

This is a major advantage bitcoin has over altcoins. Bitcoin would always recover. Focusing on bitcoin as a newbie is key. When there's no much experience about the market, it's best and safer to just focus on bitcoin.  Many altcoins do not recover and you might not even know which is genuine or which is scam.
Secondly, there are thousands of altcoins, so how do you even know which one to invest in when you lack the experience and insight?

[BD Crypto]

First of all we should obviously hold Bitcoin because it when it pumps the whole market pumps and it's the most popular and profitable cryptocurrency. Again investing on Shitcoins is obviously a wrong decision from any trader. Hold Bitcoin and Gain profits.

[Finestream]

After I started my Bitcoin holding journey a few months ago,
At that time, my close friend Sam! also have some capital he want to put away in cryptocurrency, and I advised him to buy Bitcoin instead of an altcoin. But instead of him to have a long-term potential mentality, he was looking for a quick profit so he filled up his portfolio with shitcoin, while I went in on a single portfolio of Bitcoin and when the unexpected of FTX hack happen the whole market in shamble and his altcoin portfolio have dropped above %800+ but my bitcoin holding still maintains some level of stability.

This gives me more confidence in Bitcoin and newbie who are looking for long-term holding should hold more bitcoin, in their private wallet to avoid exchange, but your knowledge to always have a good entry price.

Good thing you prioritize bitcoin over other non potential altcoins as you can never find as reputable as bitcoin when it comes to long term investment. Although some are also seeing huge potentials investing in cheap altcoins, even in some meme coins, but if you don’t want to see your investments being rekt in the future, just like what happened to those who trust centralized exchanges rather than decentralized ones, then stick to bitcoin and trust the process as it’s the only coin which gives you high level of security and profits.

[RILWAN]

It is good that you focus more on bitcoin to lower your risk of losing your investment with altcoins who are just Ponzi scheme acquisitions where the bubble can burst at anytime.
But then there is no crime in trying to diversify your investment because we still have some altcoins that could give you good profits in a short time.

[Rengga Jati]

As a newbie I stay off shitcoin and it paid off, Bitcoin is the king.

This is a very reasonable, wise, and careful decision and consideration. SHit coins are sometimes able to make someone get very high profits and get rich easily. But we also understand that the risk of shit coins is very large. Not necessarily from the 5 shit coins that we invest can get all the profits. So this is a very difficult bet. If we are beginners or don't understand the shit coins mechanism, then it would be better to stay away from it. Bitcoin is the best crypto to hold for newbies and all of us of course.

This is a major advantage bitcoin has over altcoins. Bitcoin would always recover. Focusing on bitcoin as a newbie is key.

INdeed, this is also one of my reasons why focusing on investment in Bitcoin. For, we always believe that Bitcoin will face Halving and then commonly the cycle will be bullish era. During the bullish era, the price of Bitcoin will be rising up, the pump is true and profitable enough for everyone who is investing in Bitcoins during the time. 

[Wakate]

Cryptocurrency is very risky and we should be aware on what it will take us to hold a coin whether Bitcoin or altcoins. The market can move to any direction making our portfolio to drop or increase depending on the type or coin we are holding or  the worth of that portfolio we are holding. There are so many risks in the crypto world which every persons need to know whether you are crypto inclined or not. The market cam turn our $1000 investment to $10 if we are not careful on the kind of gambling we do in the market. Bitcoin is still the best for any holding whether long or short.

[Maestro75]

If you are honest with yourself you would state you had a drop also in your Bitcoin investment, and guess what that is not really bad because crypto-currency is volatile. Yes just like you I prefer Bitcoin over Altcoin and I am also yet to get any Altcoin but I don't down play them out rightly.

Your friend did not lose because he invested in Altcoin but rather he invested wrongly, there are still Altcoins that has there heads above waters even after the FTX saga, advice Sam your friend to stop going for Hype, FOMO or FUD but rather do his research.

This is part of truth alot of bitcoin investors hide from people. Thank you for pointing it out. His friend failed because he invested in wrong altcoins and not because he invested in altcoins because there are some altcoins that are still giving investors profit till date. Even him would have lost something from his bitcoin investment since he bought because he must have bought high then. Bitcoin also suffers loss.

[Issa56]

It takes so much self-control to not dabble into investing in shitcoins especially when one have friends who are making a few bucks off of it.

If you invest in altcoins then you are not making investments, you are gambling the chances of you will and losing is 50/50, is either you win or either you lose, I don't know but I don't think there can be any reason that will make me invest in altcoins, even if all my friends are investing in it. I think what have been happening to some strong altcoins recently in crypto space, everyone should have learn their lesson, no matter how strong the altcoin is, no altcoin investment is safe, is better I invest in bitcoin and have rest of mind.

I remember one of my friends who calls himself shitcoin Lord because of his love for shitcoins.

He might be making money now and he will be happy, but whenever he start losing money, he will regret why he is into shitcoins, I think you should even ask the person maybe he is still making money from shit coins, am sure some of the shit coins he is holding will have being dead by now.

[RockBell]

After I started my Bitcoin holding journey a few months ago,
At that time, my close friend Sam! also have some capital he want to put away in cryptocurrency, and I advised him to buy Bitcoin instead of an altcoin. But instead of him to have a long-term potential mentality, he was looking for a quick profit so he filled up his portfolio with shitcoin, while I went in on a single portfolio of Bitcoin and when the unexpected of FTX hack happen the whole market in shamble and his altcoin portfolio have dropped above %800+ but my bitcoin holding still maintains some level of stability.

This gives me more confidence in Bitcoin and newbie who are looking for long-term holding should hold more bitcoin, in their private wallet to avoid exchange, but your knowledge to always have a good entry price.

Avoiding shitcoins and altcoins is just too risky to take, so before investing, think carefully about where you are investing. What happened with FTX should serve as a lesson to many of us, but most people have not learned from the warnings that have been made over the years about avoiding shitcoins. Most people feel convinced while seeing the hype in some projects that after hype stories start going around about the team being nowhere to be found.

[Anguwa]

After I started my Bitcoin holding journey a few months ago,
At that time, my close friend Sam! also have some capital he want to put away in cryptocurrency, and I advised him to buy Bitcoin instead of an altcoin. But instead of him to have a long-term potential mentality, he was looking for a quick profit so he filled up his portfolio with shitcoin, while I went in on a single portfolio of Bitcoin and when the unexpected of FTX hack happen the whole market in shamble and his altcoin portfolio have dropped above %800+ but my bitcoin holding still maintains some level of stability.

This gives me more confidence in Bitcoin and newbie who are looking for long-term holding should hold more bitcoin, in their private wallet to avoid exchange, but your knowledge to always have a good entry price.

Greed makes some beginners fall in crypto investment, just because they want quick money and thinks that Bitcoin can not go more two times its value, and they believe that Altcoins will go more than 10 times its price if Bitcoin price pump again not knowing that Bitcoin is the king and will always remain the king. Investing in bitcoin have no risk as far as I am concerned because of the trust I have for Bitcoin, and I am taking this bear market as the right time to place my investment, because its a perfect time for me.

[kamvreto]

Greed makes some beginners fall in crypto investment, just because they want quick money and thinks that Bitcoin can not go more two times its value, and they believe that Altcoins will go more than 10 times its price if Bitcoin price pump again not knowing that Bitcoin is the king and will always remain the king. Investing in bitcoin have no risk as far as I am concerned because of the trust I have for Bitcoin, and I am taking this bear market as the right time to place my investment, because its a perfect time for me.

A good time to start collecting bitcoins is when the market is as long as it is currently bearish. We just need to wait for the market to be bullish, and it's important to hold on and not panic when the price goes down. Those who only rely on altcoins to get profits that can be up to 10x to 100x certainly have a big risk. Remember that the altcoin hype will not last long. Maybe altcoins can go up to 100x, but altcoins can also go down to -200x. In contrast to Bitcoin which has more potential than altcoins even though it looks sluggish, the crypto market depends on bitcoin movements. Bitcoin is good investment advice for the long term. there will be a right time when bitcoin can reach its highest price again.

[Davidvictorson]

As a newbie you stayed off shitcoins because I'm sure you had the proper guidance or knowledge. One of the mistakes that a lot of newbies make these days those who are enthusiastic about getting into crypto is that they start off with airdrops. They waste so much time on doing that, and when they finally realise that bitcoin is King, they would have already in my words exhausted they are crypto energy or motivation. They become too lazy to do the research needed to acquire the right knowledge and understand Bitcoin so they just go on the internet and say a lot of bad stuff about Bitcoin. So I'm really happy for you OP.

[RILWAN]

I know those who held their assets in a private wallet are the only investors who did not lose their money during this time, the ftx case is a big one that affected almost all the market, but lucky are those whose asset is in the wallet and never use the exchange to trade shitcoin.

The attempt to trade shitcoins is what always leads people to exchange and when the exit happens the investors, are those who will be at the receiving end not the exchange

[Othoy Ayan]

Thats good my friend. Your experience is teaching us about choosing the right investment. Now I'm also confident about bitcoin. shit is always a shit but bittcoin is the real king.

[AakZaki]

I know those who held their assets in a private wallet are the only investors who did not lose their money during this time, the ftx case is a big one that affected almost all the market, but lucky are those whose asset is in the wallet and never use the exchange to trade shitcoin.

The attempt to trade shitcoins is what always leads people to exchange and when the exit happens the investors, are those who will be at the receiving end not the exchange

But that will not be entirely true, those who keep assets in private wallets will only lose the value of their assets due to the decline of the crypto market. Storing assets in a personal wallet will also be vulnerable to loss due to several factors such as wallet break-ins and forgetting the wallet seed used.
and for trading shitcoin, you must be prepared with all the risks. Who gets in early and gets out quicker during the shitcoin price hype they will survive. but when it's late shitcoin will only be trash.

[ZAINmalik75]

Many people come into the crypto space with a quick to get rich intention and they feel these altcoins could come good ahead of bitcoin and that's why we read daily of people losing there entire live savings in them.

It's true that many new trader come to know that they will rich soon by investing altcoin like Luna, FTX and more are on the way rather than Bitcoin, but at the end they lose Thier entire money who earned them by doing hardwork, it's trap of scammers like do Kwon and Sam to launch a project raised it for a time in order to build trust of people on them, they do partnership with some big companies and when they got positive response from trader in shape of fund investment then they do scam like they did and Stole billions of dollars.
So it will be better option for you to choose Bitcoin rather than any altcoins to avoid scam.

[tvplus006]

...Investing in bitcoin have no risk as far as I am concerned because of the trust I have for Bitcoin, and I am taking this bear market as the right time to place my investment, because its a perfect time for me.

It all depends on the price at which you bought Bitcoin. And if you bought bitcoin for 69 thousand dollars, then you would not say that investing in BTC is not risky, since your deposit in dollar terms would decrease by more than 4 times. So all investments in cryptocurrency involve risk, including bitcoin.