Is bitcoin a good option for a beginner in Cryptocurrency?

[Promocodeudo]

Am a newbie I need more detailed clarification and explanation from senior colleagues here on the best Cryptocurrency to invest on whenever i have the funds and how to go about it.

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[Zaguru12]

Straight from your own research

The human race has developed both mentally and otherwise to the extent of making versed research in getting more detailed information about the recent happenings in crypto more expecially Bitcoin and it's possible total adoption, this has over the time help both beginners and old folks in Bitcoin world to know it's benefits and also the right targetted period to invest in it and also the need to promote it as one of the most profit expectant Cryptocurrency.

this informations has change the mind set of many to believe that Bitcoin has come to stay as the currency of the future and have to be accepted despite not being a legal tender.

Always bitcoin.

[acroman08]

Bitcoin is a good option to invest in as a beginner, but when investing, there are risks involved, so I  encourage you to do your own research on the matter to actually understand what you are investing in and the risks you are taking. as for the "best", it can be subjective since there will be people who would pick other cryptocurrencies as the best cryptocurrency to invest in.  

[lovesmayfamilis]

OP, Zaguru12 is right in his remark. What do you want to hear? You have come to a forum that is completely dedicated to information about Bitcoin. Read, your posts show that you know about the bear market, and so on; you are not a beginner. Why ask questions to which you know the answers? Why this circus?

[Doan9269]

Am a newbie I need more detailed clarification and explanation from senior colleagues here on the best Cryptocurrency to invest on whenever i have the funds and how to go about it.

Go for bitcoin as a beginner, learn about bitcoin investment and have an ideal knowledge of it before you invested, also try to low about bitcoin wallet and make use of a cold storage wallet in having your bitcoin, avoid holding your asset on centralized exchanges, but you can only make use of them when there's a need for you to make an exchange or buy bitcoin and then you move to your personal wallet, you will need one step at a time and it begins with you learning first about what bitcoin is in cryptocurrency and why it's the most preferred crypto.

[Ojima-ojo]

Am a newbie I need more detailed clarification and explanation from senior colleagues here on the best Cryptocurrency to invest in whenever I have the funds and how to go about it.

From my personal experience, Bitcoin is the only option for a beginner that wants to invest and learn at the same time, since Bitcoin is already an established coin and with a provable track record of remarkable events both on the upside and the downside all calculated based on it DCA value.

Even though you already seem to have forehand information and knowledge, judging from your posts history, but this question is still relevant to other newbies who are looking for the best coin to put the money down to for a while.

[onecall123]

Am a newbie I need more detailed clarification and explanation from senior colleagues here on the best Cryptocurrency to invest on whenever i have the funds and how to go about it.

Bitcoin is widely recognized as the top cryptocurrency, and no doubt many experts suggest starting with BTC. I would also recommend starting your crypto journey with Bitcoin, as it's accepted by the most merchants. But, it's also important to diversify your portfolio. You maybe consider other cryptocurrencies such as Ethereum or Litecoin later. It's also crucial to start with small investments and monitor your portfolio performance time-to-time. 

[Razmirraz]

Am a newbie I need more detailed clarification and explanation from senior colleagues here on the best Cryptocurrency to invest on whenever i have the funds and how to go about it.

When talking about the best Cryptocurrency, Bitcoin is always the best among thousands of other existing Cryptocurrencies. You need to do research before making a choice on a particular Cryptocurrency, Bitcoin is the best advice for Newbies who are just starting to invest in crypto assets.

Don't easily believe the news spread via the internet about the potential for a new Cryptocurrency that is booming for any reason. Focus on your goals, if you have doubts about the potential you have, forget it and leave it. The best choice to maintain asset value on coins that have strong fundamentals, always avoid Fomo which can get you stuck in it. Keep your funds in Bitcoin gradually, you will feel the benefits when the Bitcoin price increases again.

[Queentoshi]

Am a newbie I need more detailed clarification and explanation from senior colleagues here on the best Cryptocurrency to invest on whenever i have the funds and how to go about it.

This Forum is about bitcoins, it means Bitcoin will be the first recommendation, but it is not just because the forum is about bitcoins that is will be recommended, but really because of how Bitcoin is the best option when deciding to invest in cryptocurrency. Bitcoin can be trusted better and depended on than other cryptocurrency when talking about which of them will last longer.

Don't easily believe the news spread via the internet about the potential for a new Cryptocurrency that is booming for any reason.

As somebody new to cryptocurrency, apart from the news that you should learn to trust less, you should also learn not to follow people's mouth about a cryptocurrency that they think will book and you should invest all your money. Bitcoin is the best choice even when it is not booming.

[sunsilk]

Am a newbie I need more detailed clarification and explanation from senior colleagues here on the best Cryptocurrency to invest on whenever i have the funds and how to go about it.

If you want a clearer explanation as why people here mostly tell you to buy bitcoin and that is because while Bitcoin is highly volatile, let's say that altcoins are way more than Bitcoin's being volatile.

There's so much happening in the alts market and a beginner might be overwhelmed with that and while having Bitcoin, it's more of a relaxed way of investing on this market and from there, a newbie can learn a lot by just observing with his very first Bitcoin investment.

[Viscore]

Bitcoin is a good option to invest in as a beginner, but when investing, there are risks involved, so I  encourage you to do your own research on the matter to actually understand what you are investing in and the risks you are taking. as for the "best", it can be subjective since there will be people who would pick other cryptocurrencies as the best cryptocurrency to invest in.  

Yes, bitcoin is a good investment but since there are known risks, one should always invest with caution. By having DYOR, an investor will be more educated on what is bitcoin and how it can be profitable in a changeable market. However, though bitcoin is the most preferred investment for beginners, but always be reminded that its not a get rich quick investment, you might endure consistent losses at first before you finally see it profiting.

[CryptopreneurBrainboss]

Go for bitcoin as a beginner, learn about bitcoin investment and have an ideal knowledge of it before you invested, also try to low about bitcoin wallet and make use of a cold storage wallet in having your bitcoin, avoid holding your asset on centralized exchanges, but you can only make use of them when there's a need for you to make an exchange or buy bitcoin and then you move to your personal wallet, you will need one step at a time and it begins with you learning first about what bitcoin is in cryptocurrency and why it's the most preferred crypto.

It's the most preferred cryptocurency because it's the oldest and most trusted due to its years of existence. Most reputed members will tell you to invest in Bitcoin and they're not wrong for giving you the safest option in the market. Bitcoin is the safest among every cryptocurency in the market that you can invest in at the moment, and be guaranteed of a future return. The profits mightn't be as big as others (assuming they get pumped) but it'll be reasonable and you won't be put in a situation were you'll be forced to sell your coins because of the price crashing.

While you're making Bitcoin your focus investment, there's nothing wrong with having some altcoins to gamble on. Kindly understand that your investment in those altcoins are pure gamble and you can lose all the money invested. Instead of going to the casino I invest some of my spare money into some altcoins but I don't take them serious or hold them for a very long term. After some significant amount of gains I pull my investment from the altcoins investment and accumulate some more Bitcoin.

[Kasabus]

Am a newbie I need more detailed clarification and explanation from senior colleagues here on the best Cryptocurrency to invest on whenever i have the funds and how to go about it.

If you want a clearer explanation as why people here mostly tell you to buy bitcoin and that is because while Bitcoin is highly volatile, let's say that altcoins are way more than Bitcoin's being volatile.

There's so much happening in the alts market and a beginner might be overwhelmed with that and while having Bitcoin, it's more of a relaxed way of investing on this market and from there, a newbie can learn a lot by just observing with his very first Bitcoin investment.

They’re both risky actually, but bitcoin is way more profitable and more secured investment compared to altcoins. That’s the reason why even long time crypto investors still chose bitcoin over a lot of altcoins. And for beginner investor like you, if you want to succeed with bitcoin, don’t invest for greed and expect short term profits, but focus more on long term hodling as that will promise huge amount of returns in the future.

[Hyphen(-)]

Am a newbie I need more detailed clarification and explanation from senior colleagues here on the best Cryptocurrency to invest on whenever i have the funds and how to go about it.

I don't know why you raise this question here, OP, because going through your post history, I can see how you have said good things about Bitcoin and how you have advised others to always stay on Bitcoin.

Is it that you have doubted Bitcoin again in recent days?

Is it the congestion of the Bitcoin network that so many people have been complaining about for some reason, or is it because of the market situation that the Bitcoin price has dropped these days?

But notwithstanding, Bitcoin is the best coin to start with as a beginner because it is the only coin with a guarantee, especially as the Bitcoin market is down.

[CryptoHeadlineNews]

Am a newbie I need more detailed clarification and explanation from senior colleagues here on the best Cryptocurrency to invest on whenever i have the funds and how to go about it.

As a newbie, the only coin I will advise you invest in is Bitcoin and no other cryptocurrencies, because due to the high volatility of altcoin, and lot of scam token or coin, I just can't advise anyone to invest in an altcoin that may likely fade away with time, unlike Bitcoin that has proven to be the best coin and best option for long-term investment which is far more better than most of these altcoin that has low volatility compared to altcoin.

[Cryptomultiplier]

Bitcoin is a good option for even beginners, unless you know so much about altcoins and is considering  trying out Bitcoin for a change.
It's one of the most successful cryptocurrency since its launch, hence why you can easily find someone who knows an aspect of it and can impact you with knowledge.
 Simply put, you can easily find someone who's into Bitcoin for pro tips or mentorship, should you as a newbie decide to invest in Bitcoin.

[ololajulo]

Am a newbie I need more detailed clarification and explanation from senior colleagues here on the best Cryptocurrency to invest on whenever i have the funds and how to go about it.

As a newbie, the only coin I will advise you invest in is Bitcoin and no other cryptocurrencies, because due to the high volatility of altcoin, and lot of scam token or coin, I just can't advise anyone to invest in an altcoin that may likely fade away with time, unlike Bitcoin that has proven to be the best coin and best option for long-term investment which is far more better than most of these altcoin that has low volatility compared to altcoin.

Altcoins still offer several advantages over Bitcoin, such as a lower entry price, higher volatility (especially for altcoins with different blockchains), and the potential for higher returns compared to Bitcoin.

[robelneo]

Am a newbie I need more detailed clarification and explanation from senior colleagues here on the best Cryptocurrency to invest on whenever i have the funds and how to go about it.

I'm sure the majority of senior members here including me will advise you not to look at other coins but only Bitcoin, if this is your first time investing in Cryptocurrency, concentrate on Bitcoin and know everything about Bitcoin, wallets to use, how to secure your wallet, market performance, and its history.
Everything you will know about Bitcoin you can apply to other coins or tokens if you decide to expand your portfolio.
Coins and tokens come ago but Bitcoin is the one coin that will stay and will remain in the top positions, so don't confuse yourself and start with the right coin.
  

[Alisha-k]

Am a newbie I need more detailed clarification and explanation from senior colleagues here on the best Cryptocurrency to invest on whenever i have the funds and how to go about it.

only you can decide that, do your own research, analyse the market and be at peace with your choice.

[GreatArkansas]

Am a newbie I need more detailed clarification and explanation from senior colleagues here on the best Cryptocurrency to invest on whenever i have the funds and how to go about it.

only you can decide that, do your own research, analyse the market and be at peace with your choice.

This is always a MUST. Most of the beginners in the space are always doing research for sure especially if it's their first time to hear Bitcoin.
For OP, if you're interested in investing in cryptocurrency and decided to put out some money to invest, please please, try a small amount first, like an amount that you are willing to afford because a lot of beginners complain that they lost their hard-earned money, don't be like them.