I sold the altcoins and invested in Bitcoin"

[Out of mind]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

[1714808114]

1714808114

[1714808114]

1714808114

[Charles-Tim]

You are investing. Using a wallet on an airgapped device or a better hardware wallet which is open source like Passport or Trezor would be better. Your keys are saver offline, than to be online.

Electrum can be on an airgapped device, with or without the watch-only wallet: https://electrum.readthedocs.io/en/latest/coldstorage.html

For  online wallets, Electrum and Bluewallet are better.

[fruktik]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

         Maybe in vain that almost all altcoins were sold? After all, now is a period when they are following Bitcoin. Have you made a mistake? Think about this moment. I recommend watching the investment portfolios of other forum participants so that you have a certain picture of investing in crypto assets.
        You can later regret for a long time that you did this. Don't radicalize your processes like that. Even shields shoot in such a market. At the moment, Bitcoin is preparing for a strong rise.

[BD Crypto]

After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Obviously it's a great decision because holding Bitcoin is far better than holding Altcoins. But if you are a day trader or short term trader and have much trading knowledge then I will suggest you to trade with 50% of your portfolio and rest of them hold for long term. If you can hold it for long term then Bitcoin investment is a best decision for your future.
Most of the time altcoins depend on Bitcoin movement and we all know about LUNA token how it crashed. So why we will not choose the most popular, decentralized and potential cryptocurrency which is Bitcoin.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

Trust Wallet is safer than any Centralized or Custodial Wallet. But as it's an close source wallet so it may not be fully secured as we don't know how the seeds are generated. That's why you should choose non custodial open source wallets like Electrum, Mycelium, Bitpay, Blue Wallet and  Alpha Wallet. My suggestion is to use Electrum wallet which have exciting features too. Visit their official website to download wallet or to learn more https://electrum.org/ Its available for Android, Windows, Mac OS , Linux and Python.
Hope you got your answer.

[Woodie]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

If it makes economic sense then by all means sell those altcoins, but when it comes to risk management and investments...you are advised to diversify your portfolio to avoid losing everything if you put everything in one basket..besides some altcoins perform better than bitcoin and you wouldn't want to miss it on these pumps

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

I have used trust wallet in the past because of its multicoin features, but unfortunately I have also read several security breaches involving this wallet and users losing their coins in the process...
And since this is a long term undertaking with your crypto investments, maybe a change of wallet say hardware wallet would be good step to process your crypto assets  but since altcoins are involved I understand why you use it, goodluck.

[nullama]

The best way to store Bitcoin is in an offline wallet, with absolutely no access to the internet.

You can read more about this, and how to setup everything here:

https://armantheparman.com/zerotrust

[leonair]

~snip~

Bitcoin is a potential currency that will give you more security than any other coin.  And you will be at less risk here than in altcoins. you must have seen many valuable altcoin crashes or scams like FTX, LUNA etc.  But this is not the case with Bitcoin.  So in this case you can be sure that investing Bitcoin is safer than Altcoins. So I appreciate your decision.  But since you have invested $800 in Bitcoin it is not a small amount so in this case you should choose a good wallet where your Bitcoins will be safe like Electrum, Trezor, Coinbase Wallet etc. these wallets will give you more security than TWT.

[mindrust]

Bitcoin is the safest crypto out there. One can simply not go wrong with bitcoin. Everything else is a casino token in a world where btc exists. You might make x100 or more with alts but you may also lose your initial investment completely. That's why they are called casino tokens. BTC on the other hand has been making money for everyone since its inception. That's why it is the safest coin out there. More or less, btc will keep making money in the future but we don't know what is going to happen with the alts. It is a matter of choice in the end. More risk = more reward/losses. Less risk = less reward/losses. BTC = Safety

[Jawhead999]

You're already make a wrong decision, you're actually still not understand which coin you want to invest, but you're relying on the other people's opinion. I'm not really sure what's your intention, but if you're want to impress people by investing in Bitcoin, that's not good.

Trust wallet isn't a good wallet for long term holding, you should research, ask and verify before you're want to use someone else service, not try and then ask the review.

[crypticj]

Good for you!
But I never understood "bitcoin only people". We are still buying Bitcoin to make money, not for the idea, so I think in these terms you can also make money with alts is sometimes even more.

I think it's important to do research before buying any alt to secure your money from the LUNA situation. But in general, I think it's nothing wrong with buying/holding alts with Bitcoin.

[Ahli38]

If you intend to keep it for the long term (long term investment) and you don't have a hard wallet yet. then I prefer you to use Bluewallet or Electrum. Trustwallet is pretty good too. but I've read some things that make me doubt about Trustwallet if it's for long term storage. I only use Trustwallet for activities that involve a lot of transfer activity every day. sometimes I also use safepal.

And I think your choice is quite right by choosing to invest in Bitcoin by selling the Altcoins that you have. But remember this is not a quick trip. but it is a journey that requires patience. because investing in Bitcoin is not going to go up as fast as it does in altcoins. but of course also with the risk of decreasing which is also not too sharp. In contrast to Altcoins where almost every day there are always altcoin projects that end up being scams and become worthless in a short time. so if it's for the long term then Bitcoin is indeed the most appropriate from my point of view. but I don't know your point of view and others. everyone has their own thoughts and plans. so DYOR.

[Outhue]

Advice #1 : Diversify

Bitcoin is a must have for all crypto investors for many reasons but I can't lie to you mate, altcoins have given me more profits in this bear market than Bitcoin, I made 10x in this bear market from a AI project and I took my profit, leaving behind few thousands tokens for long term hold and I use the profit to buy more Bitcoin.

It's not wrong to have some altcoins in your wallet, that's the best strategy, always have few altcoins and let your main focus be on Bitcoin itself, I have 9 altcoins in my wallet and Bitcoin is my biggest holding, and if any pump happens among these altcoins I will take profit and use it to buy more Bitcoin.

Don't put all your eggs in one basket.


Advice #2 : Wallet

I don't like that you are using a half-open-source and half-closed-source wallet for storing your Bitcoin, I don't even know which is which with Trust wallet, some are saying it's fully closed source and some said partially but it means it's not completely open source and that's why I will like you to think twice and use a non- custodial open source wallet.

Use Electrum for storing your Bitcoin and use Unstoppable Wallet for your other altcoins like Ethereum Erc20 or BRC-20 token.

[Fiatless]

Advice #1 : Diversify

Bitcoin is a must have for all crypto investors for many reasons but I can't lie to you mate, altcoins have given me more profits in this bear market than Bitcoin, I made 10x in this bear market from a AI project and I took my profit, leaving behind few thousands tokens for long term hold and I use the profit to buy more Bitcoin.

It's not wrong to have some altcoins in your wallet, that's the best strategy, always have few altcoins and let your main focus be on Bitcoin itself, I have 9 altcoins in my wallet and Bitcoin is my biggest holding, and if any pump happens among these altcoins I will take profit and use it to buy more Bitcoin.

Don't put all your eggs in one basket.

Trading altcoins requires specialized skills. Lacking these basic skills might lead to huge losses. Secondly, these altcoins might give high profit but the risk is also high. Many people have profited from the pump and others have lost so much money from the dumps and rug pullings. Everything depends on the willingness to take risks. Bitcoin is a reliable basket for all my crypto funds. One can hardly be wrong with bitcoin because it has never failed like others. In terms of diversification, I will prefer to diversify my income to other sectors apart from the crypto industry. There are other sectors that a viable which can give profit. But when it comes to cryptocurrency investment, my only option from now is bitcoin, until I have developed the guts to bear the risk of altcoins.

[SOKO-DEKE]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

That is what I can't say, but the truth is that, based on the little experience I got from cryptocurrency market, altcoins are not trustworthy. For example, FTX and Luna had strong market caps prior to their crashes, indicating that many people had faith in the projects. Bitcoin is the ideal coin to retain, especially for a long time, in order to reduce our investment risks, I will suggest.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

Trust wallets are fine for storing Bitcoin, but for robust security measures for your assets, I'll advise choosing cold wallets, which are offline wallets because they're hard to hack. However, I will caution you to conduct your own research before selecting any wallet recommended here.

[BALIK]

Bitcoin is the safest coin in the crypto market, while altcoins are quite risky but have a chance of giving investors better returns. Investing in bitcoin is always recommended as it is safe and secure, but with altcoins, those who can take risks and are confident in their skills can give it a try. Investing in bitcoin or altcoins is a personal decision.

Wallet for storage: it is best to stay away from that trust wallet and use Electrum for bitcoin and metamask for altcoins. Or use the open source hardware wallet that is considered the most secure today.

[Bitcoin_people]

~~snip~~
Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Bitcoin is an investmentable digital currency whose future can be depended on. Although altcoin pumps more during military periods and offers good profits, there are risks involved. I previously got good profit investing in altcoin but lost money investing in FTX and Luna. So i think altcoin is not worth investing for long time it can be scam any time. But investing in Bitcoin can be profitable if you hold it for a long time without the risk of losing money. And the work you have done is really great because bitcoin has a future.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?[/size]

Since you use a trust wallet to keep your bitcoins safe, I don't think it's very strong. So if you want to keep your bitcoins safe, you must use software or hardware that will not have any risk. If you want you can use many software wallet like Electrum, Mycelium etc. These will be powerful to keep your Bitcoin safe.

[SmartGold01]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Selling your altcoin to invest in bitcoin is never a bad choice and I wouldn't mind to say that you entered the market at a very high point when the market was around $25k to $27k why did you invest or convert them at that point because I know the market may likely change direction as it is very hard to predicts its movement. If you decided to invest in bitcoin then it should be that having a long term goal will be more aprreciated because short term can never give you the results you required, so I suggest 1 year to 5 years investment plan would really help to maximized your profitability in bitcoin.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?[/size]

During my time I also used trust wallet but as time goes I have to change to Electrum wallet since most majority of people suggested is more cool than trustwallet. Maybe try acquaint yourself with that wallet before finally moving your funds inside it.

[Helena Yu]

Advice #1 : Diversify

It's not wrong to have some altcoins in your wallet, that's the best strategy, always have few altcoins and let your main focus be on Bitcoin itself, I have 9 altcoins in my wallet and Bitcoin is my biggest holding, and if any pump happens among these altcoins I will take profit and use it to buy more Bitcoin.

Diversify is a good strategy, but diversifying your investment portfolio into with a same sector is bad idea.

Bitcoin price is independent while most of altcoins are follow Bitcoin price. This mean when Bitcoin price is decline, the altcoins price will decline too and vice versa. The main purpose of diversify is to prevent all of your investment are in loss, so diversifying to altcoins isn't fit the purpose.

You're buy altcoins just to make short term profit, not diversify.

[RewFrew]

Invest on Bitcoin is correct diction. But i think if you invest in different coin risk will be reduce. I think if Bitcoin's price were down all alt will not down. It has possibility to up Some or some alt coin. So my advice invest on different coin. I am not telling investment on bitcoin is bad. Bitcoin is best coin. I think your friend tell you correct information. Now time for cryptocurrency. Investment on cryptocurrency is most profitable for investors. If anyone invest on bitcoin or others cryptocurrency he will be must benefited now or in future. So i think your decision is correct. Best wishes professor for you.

[BenCodie]

(Not financial advice)

50℅ BTC
30℅ ETH
20℅ Solid top 100 altcoins/tokens (10 of them)

I think that this is the best setup.

Why shy away from promising projects just after their downfalls from all time highs? There's no reason if you're ultimately HODL'ing. It's completely fine to have some exposure in case you get a exponential return.

[MarjorieZimmermanGinger]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Try to explore it first how was the condition of your previous investment in altcoins, was there a much better financial increase or did you always get a loss, after that there will be a big picture of investing in bitcoin. If you've been involved in crypto investing for the past year, I think the future of bitcoin needs no explaining and you already know how it went.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?[/size]

Electrum and Bluewallet may be an option for you, but I prefer to use Elektrum to store Bitcoins for the long term. Regarding the explanation you can visit the thread that discusses Electrum and Bluewallet, so there is a much more detailed explanation there.

[yazher]

You've just made the right choice right there because bitcoins are getting the best momentum in the crypto market today and again go strong in the next few days. I mean, this will not be the last time we witness this increase in its price and it will be best for you to also change where you store your bitcoins so that you can assure about its security because right now, this kind of wallet is prone to hack or some anomaly. it's better to invest in a secured wallet and also learn how to keep your bitcoins safe and secure without worrying too much about it in the future.

[arwin100]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Try to explore it first how was the condition of your previous investment in altcoins, was there a much better financial increase or did you always get a loss, after that there will be a big picture of investing in bitcoin. If you've been involved in crypto investing for the past year, I think the future of bitcoin needs no explaining and you already know how it went.

Some holders cannot take the pressure brought up by trading alts since its like fast moving to them and they can't react as quick as they can since they don't know what to do about certain condition happens. So I guess he's still doing some good decision for staying on bitcoin for a while since focusing on one crypto to trade can give him more learnings since he can focus on things he missed out when he's trading multiple alts.

[Xampeuu]

for the long term and comfort in holding assets, bitcoin is indeed suitable for investing in the long term. we just keep it in our wallet and leave it until we get the expected profit. actually there are several altcoins that have the potential and can be invested in the long term, but it is bitcoin that has the smallest risk...although diversification is recommended, but if we have chosen bitcoin, I think it is the right thing to do

[Nrcewker]

You literally did a good thing by selling all of your altcoins and investing the money that you got into bitcoins. Now we know that bitcoin's market cap is very high and the coins are limited in number. Hence, we have higher chances that bitcoin will go up, as they are limited in number. So yes, according to me, you did the right thing. Regarding the wallet, I would suggest you save your coins in any offline wallet. You can try electrum, or if you have a larger number of bitcoins to hold, I would suggest you use a ledger wallet.

[hyudien]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

I remember there was a saying by Benjamin Graham: "Everything that doesn't go through a deep analysis process is a gamble". So here you have at least learned how Bitcoin works, what it will be worth in the future, and you have the right decision to invest in Bitcoin. Please note that this is not financial advice, this is just sharing experience. When we study Bitcoin and its whitepaper and explore the intent and purpose of why Bitcoin was created, then everyone can easily make a decision.

When it comes to altcoins, most of us speculate because investors in altcoins relying on the hype, Fomo, don't even have time to study the purpose of these altcoins. So if you are only speculating and don't understand deeply the purpose of altcoins, it's the same as you are gambling.

[jeraldskie11]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

You said that you sold all your altcoins in your wallet and buy Btc but I wonder why you're hiding the balance of your TRX and MATIC if it zero.

Selling your altcoins and buy Bitcoin is a good idea for me if you don't really know what altcoins you're invested in. There are lot of altcoins out there pretend to be real that's why if you don't have enough knowledge for a coin your investing in, better to convert it with Bitcoin.

I've been using a Trustwallet for awhile and so far I didn't get any trouble using it, that's why for me it's safe to use this wallet. Just make sure to keep your own private key to avoid losing tokens.

[2Pizza410000BTC]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

Thank you very much for investing in Bitcoin but one thing is very important to me that you should invest 30 - 40% in Ethereum instead of investing all your dollars in Bitcoin. Since you sold all your crypto currency and invested in Bitcoin, you are wise. But another important thing you need to do is save, you choose a safe wallet and keep your bitcoins there for future storage.
You should use...

Electrum software wallet for BTC holdings
Trezor hardware wallet.

[EFS]

Bitcoin is the safest crypto-currency so risk/reward ratio is different than altcoins. If you want to get rich quickly Bitcoin is not the one you are looking for. Bitcoin investors can sleep comfortable, they don't have to worry about %90 falls overnight. Bitcoin passed that test and prove itself after all these years. I think you made a good decision for now. I suggest you to save some money to invest in new major altcoins besides your Bitcoin investment. It's always good to diversify.

[sokani]

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

I wouldn't advise you to store your funds in trust wallet because it is closed source. If you have been following the news lately you would have heard about the atomic wallet hack, which is also a closed wallet and over $100M was stolen by hackers. The safest wallets are hardware wallet like trezor, passport, jade blockstream etc. They are good and will cost you some amount money but you don't have money to cover the cost then you can settle for open source wallet like electrum, blue wallet. Always remember to download from the official website.

[Rikafip]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Imho, its the right move. While altcoins may bring bigger profit in shorter period of time to those who know what they are doing, 99.99% of the people are better with sticking to bitcoin only because it is proven that in the longer period of time it outperforms just about any altcoin.

What you did just now I did back in early 2019 when I sold all my altcoins (many of them with loss) and decided to focus on bitcoin and i must say it has been the best financial decision ever because if I kept holding alts, I would have way less than I have now and on top of that, I would have to constantly track the market because alts have tendency to die.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?[/size]

No it isn't. Software wallets like Trust are ok-ish as a sort of hot wallet where you hold smaller amount of crypto for everyday use but for that amount of bitcoin that you have i would strongly advise you to get hardware wallet as soon as possible. Good ones are less than $100 and trust me, you will sleep much better. I know I do ever since I keep my bitcoin there.

[promisedtech]

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

i've been using trust wallet for years now , and it's been safe for me over the years . although , i heard on some security breaches where the company loses almost $4million   but i think they reimburse users
and also, trust Wallet mobile apps and extension are security audited and pen-tested by the internal security of the trust wallet as well as external 3rd party security auditors too besides, its a non custodial wallet so its managed by you , just ensure that you are vigilant by not downloading malwares

[Rockstarguy]

You're already make a wrong decision, you're actually still not understand which coin you want to invest, but you're relying on the other people's opinion. I'm not really sure what's your intention, but if you're want to impress people by investing in Bitcoin, that's not good.

I think he made a wrong decision but later realised that he made a mistake in investing in altcoin, even if he is still confused about which investment to hold on, it is very good for selling the altcoin and now investing in Bitcoin because it is very reliable investment, altcoin is very risky for investment,  with the little knowledge op has about cryptocurrency it is very okay for him to make Bitcoin his foundation when it comes to crypto investment to gain more experience and to see how valuable Bitcoin is.

It is so funny how beginners will invest in what they are not sure about , in every investment one needs to understand how valuable it is,  these rusk involve and other aspect first.  It pays a lot to make research to know what we are investing on than do it all I  the name of making profit.  Understanding is the principal thing when it comes to investment.

[Bananington]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Having some altcoins that are good while you have more bitcoins is also good. But since you have decided own only bitcoins and have change all your altcoins to bitcoins, it is also good to me as you have saved yourself from the stress of having many cryptocurrency to worry about to focusing on just one which is bitcoin. For long term, bitcoin is always a preferred option to keep than altcoins. Altcoins can fall in price and never recover, or recover but do not grow, but with bitcoins, even when the price falls, it is an opportunity to buy more because the price will get back up, and even higher.

[TribalBob]

if you have made the decision to sell your altcoins for btc it is the right decision, but try you also have a top altcoin that can provide benefits like btc in the future bullrun.
selling all altcoins that are not included in the top 5 CMC is usually a reference for investing in altcoins

[bitzizzix]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Having some altcoins that are good while you have more bitcoins is also good. But since you have decided own only bitcoins and have change all your altcoins to bitcoins, it is also good to me as you have saved yourself from the stress of having many cryptocurrency to worry about to focusing on just one which is bitcoin. For long term, bitcoin is always a preferred option to keep than altcoins. Altcoins can fall in price and never recover, or recover but do not grow, but with bitcoins, even when the price falls, it is an opportunity to buy more because the price will get back up, and even higher.

Yes, actually the OP's decision was not wrong because bitcoin is a safer and more profitable place to invest. And I suggest doing it for the long term and never be satisfied with the bitcoins you have, but buy them regularly, especially when the bitcoin price drops, you can increase your purchases and hold them for the long term.
even if you go by what most people say or think, as long as you have bitcoin for the long term it shouldn't worry you, unless you own a few altcoins because most of them especially newer altcoins, mostly end up disappointing.

[LogitechMouse]

~
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Well, there's nothing wrong with your decision because in the long run, Bitcoin would give higher profit compare to other altcoin especially in the bull run. I've seen some altcoins who didn't reach their previous ATH last 2021 when bull run started while on the other hand, Bitcoin's price reached as high as $69,000, almost x3 to it's previous ATH of $20,000.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

It depends on the time frame.
If you are planning to hold it for long term, I guess you made a good decision. Bitcoin has a better future long run compare to most of the altcoins out there. I just hope that you have a strategy in selling as well.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?[/size]

This is where I might disagree.
You put a huge amount of money (at least for me it's huge) in a wallet that I can't consider as a safe wallet for Bitcoin. I would rather go, and buy a hardware wallet, or even Electrum if you don't want to spend money to buy Trezor or Ledger. Maybe just transfer it.

[Inwestour]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

If you have made such a decision and have already done it, then most likely yourself understand that it will be better for you. And maybe you don't need the approval of users on the forum for this, just define a strategy for yourself and try to follow it.

I always say that one of the most important things you should take care of is the safe storage of your investments. How secure do you think this wallet can be, have you heard about the recent atomic wallet hack?

Explore all about hardware wallets, this is one of the most secure options for storing your coins. Study this question thoroughly and sleep peacefully.

[Smack That Ace]

for the long term and comfort in holding assets, bitcoin is indeed suitable for investing in the long term. we just keep it in our wallet and leave it until we get the expected profit. actually there are several altcoins that have the potential and can be invested in the long term, but it is bitcoin that has the smallest risk...although diversification is recommended, but if we have chosen bitcoin, I think it is the right thing to do

If you've invested in bitcoin, why do you need to diversify? I mean, in the entire crypto industry, bitcoin is the safest and most reliable coin. Once bitcoin drops, there will be no coins safe for your assets, so I don't think investing in altcoins is considered diversification. If you don't invest in bitcoin and you only invest in altcoins, then I agree that you are diversifying by holding a bunch of shitcoins. Diversification can only work when you invest in bitcoin and non-crypto assets.

[Dimitri94]

for the long term and comfort in holding assets, bitcoin is indeed suitable for investing in the long term. we just keep it in our wallet and leave it until we get the expected profit. actually there are several altcoins that have the potential and can be invested in the long term, but it is bitcoin that has the smallest risk...although diversification is recommended, but if we have chosen bitcoin, I think it is the right thing to do

Bitcoin is the most suitable investment platform for long term investment. Investing in Bitcoin is better than investing in other coins even though they have potential. There are many altcoins in the coin market that are more risky for investment. Because we have seen many good projects in altcoins after a long period of time that become scam. In altcoins there is potential for high return on investment but should be avoided due to risk. Altcoins rise when Bitcoin price staying a good position. So it is better to choose Bitcoin for the good investment.

[CryptSafe]

You took a bold and daring step to investing your funds in bitcoin. Selling your altcoin is not a bad idea if you deem it fit to do so but would it not have been better you had kept like 10 to 15 percent of your altcoin as you never can tell which of them could pump soonest as shitcoin are fond of that.

However, you are still on the right track as bitcoin is currently still low. At this point, if there is any upward movement in bitcoin price definitely, you are making some good profits and moreover, halving is around the corner so therefore you have nothing to loss. As risky as the it is, no body can tell the next swing bitcoin can make.

Talking about saving your bitcoin, trust wallet is not bad but you would need a more technologically sophisticated wallet just as Charles_Tim have said. Make sure to research and study the wallet properly before attempting to use it so you do not make any mistake.

[Rupok]

It is not advisable to keep all your money in a trust wallet for long term, it is better to use a good hardware wallet  There is no need to invest all your money in bitcoins you can invest in altcoins as well if you want. Although bitcoin investment is risk free but also good profits can be made from altcoins if you choose the right altcoins.I think your friend gave the right advice about the downside of Bitcoin and the volatility of the market. As long as you invest in Bitcoin, you should invest for the long term, because long term investment can yield good returns from Bitcoin.

[2girls]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

I think you should not have sold your altcoins.There is no doubt that Bitcoin investment is considered safe. Everyone wants to have Bitcoin in their wallet, but altcoins have their own importance and you can't ignore altcoins at all. There are very good and strong projects in altcoins that have the potential to give huge returns in the coming bull run. So I think you should definitely invest in Bitcoin but also add altcoin to your wallet.

Trust wallet is a good wallet for crypto currency but I think if you store Bitcoin in hard wallet then it will be a good decision for you, because hard wallet is considered the most secure. There are different types of hard wallet in the market which you can order online from the official website.

[Lorence.xD]

Well Bitcoin is a good coin that are the root of other existing alternative currencies. We all have different ideas and opinions when it comes to crypto, since we all have their own techniques and suitability for us. From your post OP, it seems like you invested in Bitcoin due to information given to you it's like you already trusted someone and stake your money at a risky decision. You should do your own research first and understand the background of Bitcoin for you to decide to put all your funds in one coin, which is actually good for me since it's Bitcoin. But for some people, it would be a huge risk to put all eggs in one basket that's why iit's also better to have alternative investment incase you fail to other. I've invested to ETH before but due too unstable it just turned to a quick flip.

[KiaKia]

It is not advisable to keep all your money in a trust wallet for long term, it is better to use a good hardware wallet  There is no need to invest all your money in bitcoins you can invest in altcoins as well if you want. Although bitcoin investment is risk free but also good profits can be made from altcoins if you choose the right altcoins.I think your friend gave the right advice about the downside of Bitcoin and the volatility of the market. As long as you invest in Bitcoin, you should invest for the long term, because long term investment can yield good returns from Bitcoin.

Bitcoin investment is not risk free and it gives less profit compare to altcoins, life changing profits mostly come from altcoins and with little amount of money invested unlike Bitcoin that now requires a lot of money to make insane amount of money because the value of Bitcoin is already high, and that makes it not suitable for those that have 100$ to 500$ for investment, having to hold that thinly amount of Bitcoin for years and end up with 4x of your 500$ is not very good enough.

[kryptqnick]

Nobody can be sure how the future will play out with such a decision, and I think it depends a lot on the kind of altcoins you had before, but I believe that many would agree that putting the money into Bitcoin is a safer bet. Perhaps one of those altcoins will outperform Bitcoin at some point (in terms of 2x, 3x and similar measurements in comparison with the price at which they were bought), but it's also likely that some will stagnate. Of course, there's no guarantee that Bitcoin will fully recover and outperform its previous highest point, but it did that after every bear market in the past, so I think there's a very good chance it will continue to happen over and over again.

[Cookdata]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

I must say that you have made a wise and bold decision to convert altcoins to Bitcoin, most often than not, they usually crash and the loses are terrible to bear because an investment that is capable of doing -99% will hardly recover from the lost but when you look at Bitcoin, it has recover half of what has been lost from all time high and it has grow more than 55% this year, isn't that interesting to consider.

Trust wallet is a closed source wallet and with that uncertainty, you don't know what is happening behind the coding technique, switch to a wallet that is open source and you can confidently trust, and if you have the means to buy hardware wallet, it will help you put your mind at rest security wise and privacy wise.

[Emmanuelex]

Not bad, I always advice newbies to start with Bitcoin and only go for altcoins when they have full knowledge and understanding of cryptocurrency.
Altcoins are not a bad choice though, you just have to make sure you're investing in the right ones, like Ethereum and the rest of them that are very reliable, but I would still put Bitcoin above them. I only consider altcoins when there's need for diversification.
Good luck 👍

[mvdheuvel1983]

Investing in bitcoin is both a smart choice and a good investment. Bitcoin is good we all love it. Despite this you should also keep in mind that there are other altcoins that are performing almost as good as bitcoin is. Your investment portfolio should have at least 80 or 90 percent bitcoin and the remainder in some good performing altcoin.


By the time you read this, you must have seen some user comments suggesting that offline wallets like Electrum are safer for storing bitcoins than internet wallets. I highly recommend that you abide by it to the letter.

[The Cryptovator]

The way you handle and allocate your portfolio depends on your personal preferences. It also depends on the total value of your current portfolio, as that will determine how you divide your funds. While investing in Bitcoin is generally considered a good idea, it doesn't mean that all other altcoins are worthless. There are several promising altcoins where you could consider allocating a portion of your funds. However, it is generally recommended to maintain a significant portion of your investment in Bitcoin.

[Wapfika]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

There’s no real exploit issue on trustwallet so far but that wallet is not an open source as it advertised. I’d rather trust other wallet like Electrum that exist for a long time than Trustwallet that is just become popular due to it’s involvement with Binance. Atomic wallet is the perfect example to not trust a not fully open source wallet like trustwallet. They can be exploit or inside hack since they are just making the code by themselves without checking by the community that make open source wallet stronger.

Use electrum wallet if you really want to invest on Bitcoin alone. Electrum is the best software wallet so far since it’s an open source and running for a long time without any serious issue encountered.

[BITCOIN4X]

(Not financial advice)

50℅ BTC
30℅ ETH
20℅ Solid top 100 altcoins/tokens (10 of them)

I think that this is the best setup.

Why shy away from promising projects just after their downfalls from all time highs? There's no reason if you're ultimately HODL'ing. It's completely fine to have some exposure in case you get a exponential return.

Asset diversification is possible, but it just depends on the OP's own plans. I'm happy with diversifying because of the profit potential I make, but of course for some of the potential altcoins you may have mentioned among others.

So far I have diversified to 60% - 70% bitcoin, while 30% of them are altcoins.
But of course this is not financial advice for other users because obviously this is just my decision and investment plan. It's fine to sell all altcoins for bitcoins, even if they do the opposite. Each will get a risk and they must be able to consider their own risks regarding the selection of investment assets.

[famososMuertos]

One of the things that bitcoin has is that when you invest in it there is no regret, there is no doubt, it is that simple, there is no going back, now the important thing is to know what comes next, at some point you must sell, some wait for years others they simply do any of the existing techniques.

It is not necessary to show amounts of money invested, by the way, this goes hand in hand with the weakness of not knowing what type of wallet to hold that investment in, which apparently in your case you are going to hodl, so part of the strategy was (it is) properly safeguard your assets.

So, what comments to have on the assets you sold, etc., it's past, focus on getting the right wallet and having an action plan with your bitcoin at the appropriate time, yeah! the sale must be planned in the same way, hence, you should focus now on your bitcoin investment and not think if your portfolio change was correct.

[acroman08]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

bitcoin has almost always been on an upward trend(if you check the price from the very beginning), so if you are planning on holding for a long period of time, bitcoin is a good choice to invest.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?[/size]

while trust wallet is popular, it is not as secure as you might think. I'd suggest moving your coins to an open-source wallet like Electrum (looking at the thread other members have suggested Electrum too) or better yet, use hard wallet to store your coins.

Trust Wallet is safer than any Centralized or Custodial Wallet. But as it's an open source wallet so it may not be fully secured as we don't know how the seeds are generated. That's why you should choose non custodial closed source wallets like Electrum, Mycelium, Bitpay, Blue Wallet and  Alpha Wallet. My suggestion is to use Electrum wallet which have exciting features too. Visit their official website to download wallet or to learn more https://electrum.org/ Its available for Android, Windows, Mac OS , Linux and Python.
Hope you got your answer.

I think you've mixed up what open-source and closed-source wallets are.

[AnonBitCoiner]

It's true that bitcoin is really good investment but I think diversification will be better because sometimes you have need of money and you cannot sell your bitcoin so therefore you can sell your other coin which will reduces your loss.

Selling bitcoin on wrong time is not a good idea and therefore if you don't want to sell bitcoin then you can wait more because you have choices of getting profit from other assets. Altcoins are more risky than bitcoin and one benefit will be for you to convert your altcoins into bitcoin that your risk will be reduces as bitcoin will give you more profit but patience and knowledge matters a lot.

[bitLeap]

I will probably talk about the wallet that you use to hold the bitcoins. Actually many here have said it's better to hold it in a hardware wallet and that's what I think and would recommend, rather than holding it in a trust wallet, because you're going to be holding it for the long term.
I would recommend that you hold it in Electrum rather than Trustwallet, just like I did. I'm not going to say trust wallets aren't safe at all, but in this case we will definitely have recommendations, and indeed many recommend using electrum for long-term holding (if you don't want to use a hardware wallet).

A good option when you maximize the money you have into bitcoin, but of course it will make the potential for profit from altcoins non-existent. But it comes back to our choice, whether we want to allocate our funds to bitcoin as a whole, or we will split a percentage to hold potential altcoins of course.

[rikybrosh]

I have been invest in bitcoin since long time ago and I realize that we can't expect any cryptocurrency price without volatility. it is okay for you if you want to sell all your altcoin to buy bitcoin. if you want to do something more then you only have to care about time. bitcoin price rise in certain time then fall again, altcoin also similar with it but the market is easily manipulated. there is pump and dump patern in altcoin price whether it is manipulated by the company it self or by other party. i hope you already know about halving and what is the effect for bitcoin.

[ZAINmalik75]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

Yes you have made a good choice to invest in BTC instead of Alts because currently the price of BTC is very low and once the halving started you will see the bull run and i hope BTC will make another all time high.

Which means you will make some good profit but i want to suggest you that. You must not fall for small profits and become greedy for them while you can earn more in the bull run. You have to make your target and with patience become determined about on target.

Trust wallet is not the best choice to store assets for long term neither any centralized exchange. You could use any open source hardware wallet like Electrum etc. Or your could also prefer hardware wallets but as per your investment of 800$ i can say Electrum is better option instead of Hardware wallets.

[cheezcarls]

Although we are not financial or investment advisors here, investing on Bitcoin for long-term purposes is highly a good choice. No disrespect on altcoins that are designed for short and mid term, but I say that BTC along with ETH are the best ones for the long term.

To me, they are worth in doing the DCA (dollar-cost averaging) whether if it's weekly, bi-weekly, monthly or so depending on how much extra budget you can afford to lose.

Do not go all-in though. Learn how to diversify both the short, mid and long term coins and tokens in your portfolio.

[Hyphen(-)]

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

i've been using trust wallet for years now , and it's been safe for me over the years . although , i heard on some security breaches where the company loses almost $4million   but i think they reimburse users
and also, trust Wallet mobile apps and extension are security audited and pen-tested by the internal security of the trust wallet as well as external 3rd party security auditors too besides, its a non custodial wallet so its managed by you , just ensure that you are vigilant by not downloading malwares

TrustWallet is secure, although it is not as secure as other open-source wallets. Trust wallet is a closed-source wallet. Because your private key cannot be publicly validated; only the developers know how it was generated, your security is not guaranteed, and the wallet can be readily hacked.

As a beginner, I always recommend the Electrum wallet for its ease of use, as well as the Blue wallet for iOS.

[Furious 7]

You took a bold and daring step to investing your funds in bitcoin. Selling your altcoin is not a bad idea if you deem it fit to do so but would it not have been better you had kept like 10 to 15 percent of your altcoin as you never can tell which of them could pump soonest as shitcoin are fond of that.

However, you are still on the right track as bitcoin is currently still low. At this point, if there is any upward movement in bitcoin price definitely, you are making some good profits and moreover, halving is around the corner so therefore you have nothing to loss. As risky as the teens is, no body can tell the next swing bitcoin can make.

As long as it is not too far in loss or even can be said to be still profitable, of course it is a good thing because at least in this case there is a slight increase, especially we also know when talking about bitcoin, the comparison with altcoins seems very far away and this is a pretty good thing to do.

But talking about wallets for OP, I think even trust wallets are still possible but I don't really recommend it.
There are still many specialized wallets like Electrum or if possible hard wallets if you are really serious about being in bitcoin it is more feasible.

[darkangel11]

(Not financial advice)

50℅ BTC
30℅ ETH
20℅ Solid top 100 altcoins/tokens (10 of them)

I think that this is the best setup.

Why shy away from promising projects just after their downfalls from all time highs? There's no reason if you're ultimately HODL'ing. It's completely fine to have some exposure in case you get a exponential return.

Fuck ETH and fuck altcoins. Most of them, including ETH, are securities because they pass the Howey test.
There were a few news about ETH last year, one explained how Vitalik dumped some of his coins onto new investors in 2022 and the other was about ETH being a security.

I say go 100% bitcoin. If that's too much for you, buy bitcoin and invest the rest in some real estate and stocks. Buy physical gold if you want, but stay away from shitcoins.

[death69]

Ready to put it all on Bitcoin? That's some serious guts, mate! To some, this may seem risky, but after all, isn't that part of the fun of crypto? Bitcoin, which was barely noticeable a decade ago, has risen to become the dominant cryptocurrency. You listened to the counsel of a successful investor and made a wise bet on the future. After all, Bitcoin is more than simply another cryptocurrency; it's a bold protest against the established financial order.

When looking for a reliable wallet, Trust Wallet is an excellent option. Keys are your responsibility, so keep that in mind. Be sure to retain a copy and a safe location for them. You might also use a hardware wallet to keep your money safe.

[MiF]

Well it is a good idea Bitcoin is a long term investment so you need to hold it for a long term to get huge profit,it also depend on your limitations, because we don't know next week BTC will rise drastically and if you are happy with a small profit you can still get the profit and invest in a good altcoins again we all have different strategy, trust wallet is safe i also use it for a long time and there is no problem just be responsible for your keys to avoid losses.

[Texac]

Ready to put it all on Bitcoin? That's some serious guts, mate! To some, this may seem risky, but after all, isn't that part of the fun of crypto? Bitcoin, which was barely noticeable a decade ago, has risen to become the dominant cryptocurrency. You listened to the counsel of a successful investor and made a wise bet on the future. After all, Bitcoin is more than simply another cryptocurrency; it's a bold protest against the established financial order.

When looking for a reliable wallet, Trust Wallet is an excellent option. Keys are your responsibility, so keep that in mind. Be sure to retain a copy and a safe location for them. You might also use a hardware wallet to keep your money safe.

if you view bitcoin not only as an investment but as a bold protest against the established financial order, it becomes even riskier. So is it wise to put it all in bitcoin?  that doesn't make our lives more interesting, it gets us into more trouble for not diversifying our portfolios.
So far, Trust wallet is safe, and there is no danger to the users.  but it is a closed source wallet and using them will not be as secure as an open source wallet like Electrum...

[Cryptomultiplier]

It is a very wise move you made OP.
Regardless, your investment in BTC means you have enough trust for the currency and would remain a loyal investor despite any of its ups and downs preceding the halving and subsequently.
BTC is sure, and is a steady option compared to altcoins, and the possibility of trippling your gains is sure in a very good bull season.

Although many have preached how altcoins have helped rake in alot of profit, what is to be seen is that some like ETH, Solana, and majority of the top coins on the market, are profit machines for fast relief but with long-term uncertainty if the plan is to HoDL.

Be patient with your investment, do not panic and if there's extra cash, please do try investments in altcoins for more profit taking. However the risk of losing all your funds abound from investments in altcoins, and am not an expert investor advisor nor broker either.

[Questat]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Not really the best thing to do but if you are doing these in exchange for your shitcoins, that was absolutely right.
But I have to encourage you to spread your capital not only for Bitcoin but also with some potential altcoins like ETH. Even though we know that Bitcoin can be trusted and really a good investment somehow, it was ideal to have at least 2-3 different coins in crypto. It was not just we think about being safe by investing Bitcoin but being a smart investor, we don't just limit ourselves in a single coin as these altcoins has the potential to grow as well.

[nurilham]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

It is always good to invest in a strong coin. Bitcoin is the strongest coin in crypto, surely it is good to invest in this coin.
However, it is nothing wrong if you want to diversify your assets with altcoins. To optimize the potential of bigger profits, why don't you invest in top altcoins if you have the money in the near future.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

I think you are better to put your Bitcoin on a safer wallet. Segwit wallet or hardware wallet should be the best place to keep your Bitcoin.

[TimeTeller]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

It is always good to invest in a strong coin. Bitcoin is the strongest coin in crypto, surely it is good to invest in this coin.
However, it is nothing wrong if you want to diversify your assets with altcoins. To optimize the potential of bigger profits, why don't you invest in top altcoins if you have the money in the near future.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

I think you are better to put your Bitcoin on a safer wallet. Segwit wallet or hardware wallet should be the best place to keep your Bitcoin.

And if you do try to diversify by buying alts, they should be at the top with strong use case.
The longevity of the project depends on its use case, because without it, people can just move on to another.
But if the coin can be used for their every day transactions, then, there's hope that it will sustain its market.
But I can agree with the move of the OP, if he is not confident with the alts he has, better sell it and buy btc.
At least with btc, you can never go wrong as you are not in agitated mode that it will disappear while you are sleeping.

[darkv0rt3x]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

Bitcoin is the only thing you need. You don't even need to be trading Bitcoin. Just buy and hodl it. Shitcoins gives you head aches, makes you lose money, stresses the crap out of you and you'll end up with nothing. You id good selling all the shitcoins and trusting Bitcoin your investement. Bitcoin is the only one that gives you piece of mind at night!
This almost seems some kind of advertisement but it isn't. It's just a user playing his role of prophet and spreading the word of this god called Bitcoin! It just can't go wrong!

[Aikidoka]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

I don't think it's a bad decision, to be honest unless you're pretty sure that you'll make a great profit from some of your altcoins. I think you won't regret it since Bitcoin's price will likely increase sooner or later.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

It's not entirely safe. It is recommended to use a hardware wallet like Trezor to store your Bitcoin securely. Alternatively you could consider setting up an air-gapped device and storing your coins there would be a great option too.

[panganib999]

You are investing. Using a wallet on an airgapped device or a better hardware wallet which is open source like Passport or Trezor would be better. Your keys are saver offline, than to be online.

Electrum can be on an airgapped device, with or without the watch-only wallet: https://electrum.readthedocs.io/en/latest/coldstorage.html

For  online wallets, Electrum and Bluewallet are better.

Nice tip. People tend to think nowadays that it's much better using hot wallets when you're actively investing not knowing that if you're only doing the staple buy and hold mechanism you'd much rather want to be secure and safe.

In regards to OP's questions though, I don't generally support going all in on one project/coin only since it almost always puts you at risk of losing all your funds in one go when the coin you invested in crashed in price. It's the typical "don't put your eggs in one basket" calabash basically, which aside from helping you secure yourself from unrecoverable losses, also gives you better opportunities for profit. But in the case of bitcoin, I don't think it's that bad since the coin's on of the most valuable cryptos out there, and if you held it for an extended period of time there's a huge chance for you to pick up a profit, since bitcoin's historically increasing in value anyway.

[Issa56]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that,

Altcoin investment can not be trusted, i don't believe their is anything like strong altcoin, anything can happen at any moment, so you really made a right decision by selling your altcoins and investing in bitcoin. I see altcoin investment as gambling, its having equal chances of being successful and also crashing, we all should learn from the strong altcoins that crashed last year, we should be careful when investing in altcoins.

I noticed something in you post, the amount which you are having in your wallet shouldn't be displayed to the public, you should have make the amount you are having hidden, not everything is suppose to be published online.

I bought bitcoins and kept them in the trust wallet.

Why will you want to hold bitcoin and you think the best place to store it is your trust wallet, you are already making mistake, if you are holding your bitcoin then get a hardware wallet and store your bitcoin. Also make sure you properly secure you private key a place where their is no internet connection.

[Onyeeze]

For me a trust wallet is not hundred percent sure of securing your bitcoin for longer time, I think that the best wallet to use should be Electrum wallet, because during my initial time in forum their is one time I make a thread list of wallet and many people corrected me and nolify my list of what I taught was a wallet not knowing that they are exchanges, and I also asked a similar question of wallet will be  good to use in my gas business to store or save my bitcoin for long time and so many people recommended Electrum wallet for me, when I asked the reason why so many people is recommending Electrum wallet of saving of bitcoin they said that because it has a seed phrase and its a non custodial wallet. And many reasons was given to me, then I'm of the support you should use an Electrum since it have higher security

[Smartvirus]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

If it is good for your future, well I can say it’s one of the best decision you’ve taken to have dumped an unreliable altcoins to a more reassuring bitcoin. The urgly truth remains, you could see altcoins attempt a 100x and that’s something that isn’t common with bitcoin but, with bitcoin, your sure it’s always a matter of time for you to make good profits. Stick with bitcoin if you can, at least the major of your portfolio and you’re sure not to have regrets as it would have been with an unreliable altcoin.

I won’t advice that your shouldn’t diversify into other coins within the crypto space but, the major of it should count in your bitcoin hodlings.

[ChiBitCTy]

There are a couple alt-coins that are decent, and have actual real case utility.  That's the thing about bitcoin which makes it such a special coin, it actually has utility.  It solves modern day, here and now problem, by present at solution to the way money works.  That's the problem with 99% of these alt-coins, or shitcoins..being a more appropriate world  I have a lot of clients who will tell me they own bitcoin, and often they own a handful of ridiculous shitcoins that have zero utility and they often have no idea what the coins are and what they are meant for.  Bitcoin, again, as legit utility, and in more ways than just one.

[Fivestar4everMVP]

Well, for me, there what we call diversification, Bitcoin yeah, is the most trusted crypto currency investment we all know, but then, I personally have come to the conclusion that, finding some really promising altcoins to diversify our investment on, is not such a bad idea after all, knowing fully well that when the price of bitcoin goes up, The price of such altcoin or coins might go up too..

So whole holding bitcoin, its never a bad thing to find some really promising altcoins to hold too, you never can tell, which will give you the kind of profit you are wishing for.


And speaking on wallet, trust wallet is only good for altcoins, since it allows users access to dapps where users can either stake or trade their coins on the decentralized exchanges..
For bitcoin, if you can't afford a hardware wallet, then look good rated self custodial wallets with open source codes, like electrum, mycelium and so on.

[CryptoBuds]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Not really the best thing to do but if you are doing these in exchange for your shitcoins, that was absolutely right.
But I have to encourage you to spread your capital not only for Bitcoin but also with some potential altcoins like ETH. Even though we know that Bitcoin can be trusted and really a good investment somehow, it was ideal to have at least 2-3 different coins in crypto. It was not just we think about being safe by investing Bitcoin but being a smart investor, we don't just limit ourselves in a single coin as these altcoins has the potential to grow as well.

You are right, bitcoin is the safest and most reliable, but just focusing on it and ignoring potential altcoins like ETH is a huge waste, IMO. We enter the market for profit, so why are we stubbornly focusing only on bitcoin and ignoring thousands of other opportunities? This is like when we criticize the old generation that only likes gold and real estate and not looking for other good investments like bitcoin. We should do our own research instead of just following the crowd and hearing only from one side because, besides bitcoin, there are many other projects that can bring us great profits.

[Ale88]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Let's say usually, at first, when you're new to this world you buy several altcoins, then you realize many of them are pointless and it's better to focus on BTC, so I would say you made the right choice. The only altcoins I really like are ETH and BNB, those have a great potential and it's worth having some, especially ETH in the short term it may even outperform BTC.

[Kemarit]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Let's say usually, at first, when you're new to this world you buy several altcoins, then you realize many of them are pointless and it's better to focus on BTC, so I would say you made the right choice. The only altcoins I really like are ETH and BNB, those have a great potential and it's worth having some, especially ETH in the short term it may even outperform BTC.

Perhaps that's what the OP realized, and I think for those who are in the crypto market for less than 4 years, they really think that altcoins is the best because of the perceived returns and how it was exaggerate by the media and other crypto influncers.

I would agree that there are solid altcoins like you mentioned, but majority here are into Bitcoin and most of their portfolio might have been shift to BTC already and then become a long term investors and a HODLer.

[rojan]

Well it is a good idea Bitcoin is a long term investment so you need to hold it for a long term to get huge profit,it also depend on your limitations, because we don't know next week BTC will rise drastically and if you are happy with a small profit you can still get the profit and invest in a good altcoins again we all have different strategy, trust wallet is safe i also use it for a long time and there is no problem just be responsible for your keys to avoid losses.

When investing in Bitcoin, we always have to look at one aspect that is when the Bitcoin market is dump, we have to invest. And if I can't buy Bitcoin at the right time, it will be really difficult for us to make a profit. If we invest in Bitcoin, we have no  There is no tension of losing money. But if we choose the right times, it will be much easier for us to make a profit.

[Sayeds56]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?
The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

I believe you have made a right decision to convert all your Alt coins into Bitcoin. Bitcoin is indeed considered is a pioneer, leading and most secure crypto currency for long term investment. It can also be used for trading purpose if you possess skills to analyze technical charts/trading patterns to make timely decision of entry and exit in the market. Moreover, good knowledge of utilizing risk/money management tools is equally important to mitigate losses in trading. In terms of soft wallets, Electrum is regarded as a relatively secure option.

https://www.cryptonewsz.com/crypto-wallet/electrum-wallet-review/

[laurenB7742]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Let's say usually, at first, when you're new to this world you buy several altcoins, then you realize many of them are pointless and it's better to focus on BTC, so I would say you made the right choice. The only altcoins I really like are ETH and BNB, those have a great potential and it's worth having some, especially ETH in the short term it may even outperform BTC.

The altcoin market is more of a gamble than an investment like bitcoin but not all of us are useless, and I agree with you, ETH is an altcoin that we should consider adding to our portfolio mine. Not only in the short term but in the long term, I also believe that in price, ETH will not be able to surpass BTC, but it can give us better returns if we compare from now on. This will displease many bitcoin maximalists, but we have to admit it, and the risk of ETH will still be greater than bitcoin.

[cozytrade]

for the long term and comfort in holding assets, bitcoin is indeed suitable for investing in the long term. we just keep it in our wallet and leave it until we get the expected profit. actually there are several altcoins that have the potential and can be invested in the long term, but it is bitcoin that has the smallest risk...although diversification is recommended, but if we have chosen bitcoin, I think it is the right thing to do

Bitcoin is the most suitable investment platform for long term investment. Investing in Bitcoin is better than investing in other coins even though they have potential. There are many altcoins in the coin market that are more risky for investment. Because we have seen many good projects in altcoins after a long period of time that become scam. In altcoins there is potential for high return on investment but should be avoided due to risk. Altcoins rise when Bitcoin price staying a good position. So it is better to choose Bitcoin for the good investment.

If we invest in Bitcoin we don't have to take much risk because Bitcoin is very reliable to me. If we think of investing in altcoins we have a little risk but there is a possibility of losing money. If we invest in Bitcoin and invest in altcoins then it might be  Could be somewhat profitable for us. But I don't know how profitable it could be for us to choose other coins besides Bitcoin. I have done this before and made good amount of profit.

[Oasisman]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Let's say usually, at first, when you're new to this world you buy several altcoins, then you realize many of them are pointless and it's better to focus on BTC, so I would say you made the right choice. The only altcoins I really like are ETH and BNB, those have a great potential and it's worth having some, especially ETH in the short term it may even outperform BTC.

That's what he have learned as well. I think he mostly bought shitcoins considering that he have sold everything he have and bought bitcoin instead. Some might say to never put your egg in one basket, however if that one basket has more potential in multiplying your egg in a couple or so years than those other baskets and not only that it's less riskier as well than those others, without a doubt I'd do the same as what the OP did.
I agree about ETH or BNB or some other handful of top alts in the market, but I'd always choose bitcoin over everything.
Now, the OP only needs to wait and be patient which doesn't bear much of a stress than watching your alts going up and down without the assurance of it bouncing back at some point if a whale suddenly dump his massive bag and people follow suit, that would definitely be an absolute disaster.

[Popkon6]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

Investing in AltCoin is more risky as many investors have experienced losses in the past. If you look back a few days you will find that other AltCoins including Luna, FTX have been destroyed in the market. So at present you have thought right because Bitcoin is a transparent coin. Here you can invest without worry because it is true that investing here can definitely earn benefits. It is your responsibility to keep your bitcoins safe so I recommend you keep your bitcoins in a strong wallet. The wallets are Electrum wallets, or hardware wallets where you can store your bitcoins are definitely safe.

[xSkylarx]

for the long term and comfort in holding assets, bitcoin is indeed suitable for investing in the long term. we just keep it in our wallet and leave it until we get the expected profit. actually there are several altcoins that have the potential and can be invested in the long term, but it is bitcoin that has the smallest risk...although diversification is recommended, but if we have chosen bitcoin, I think it is the right thing to do

Bitcoin is the most suitable investment platform for long term investment. Investing in Bitcoin is better than investing in other coins even though they have potential. There are many altcoins in the coin market that are more risky for investment. Because we have seen many good projects in altcoins after a long period of time that become scam. In altcoins there is potential for high return on investment but should be avoided due to risk. Altcoins rise when Bitcoin price staying a good position. So it is better to choose Bitcoin for the good investment.

If we invest in Bitcoin we don't have to take much risk because Bitcoin is very reliable to me. If we think of investing in altcoins we have a little risk but there is a possibility of losing money. If we invest in Bitcoin and invest in altcoins then it might be  Could be somewhat profitable for us. But I don't know how profitable it could be for us to choose other coins besides Bitcoin. I have done this before and made good amount of profit.

No matter whether we invest in Bitcoin or altcoins, both have risks. I don't say that it doesn't have much risk because there are still a lot of people who bought at ATH years ago, and we don't know if they are still holding it or selling it at a loss, meaning the risk is too high, mostly when you don't have knowledge and just want to buy at green. With altcoins it has more risk because first ton of coins right now that you want to invest sometimes just got died because the developers and owners left and also others just dont run for a year as there are no developments on it that is why for long term Bitcoin is better but it doesn't mean that it dont have risk

[Stella Mese]

it seems you often hear from people who always suggest that investing is safer in bitcoin, and I also agree that the safest investment is in bitcoin, and in my opinion it would be better to store btc in a wallet than store btc on an exchange.

but actually if you don't sell altcoins and don't convert them into btc it really doesn't matter as long as the altcoins you hold are quality altcoins like ethereum of course there's no problem if you don't sell them too because ETHEREUM has a bright future as long as bitcoin is still in great demand.
but the decision is yours.

[tread93]

(Not financial advice)

50℅ BTC
30℅ ETH
20℅ Solid top 100 altcoins/tokens (10 of them)

I think that this is the best setup.

Why shy away from promising projects just after their downfalls from all time highs? There's no reason if you're ultimately HODL'ing. It's completely fine to have some exposure in case you get a exponential return.

To me this seems like a solid strategy. ETH definitely seems promising and is widely held by many huge conglomerate companies, individual investors and crypto enthusiasts alike, especially because of its use in DEFI projects, for NFTs, etc. Many of these other "shitcoins" could still get some nice pumps. Ultimately though I think long term stick with BTC. Try to diversify but in the end I think all roads will still point back to BTC. Thats just my take.

[YUriy1991]

After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Btw, don't do what you say because you follow other people's words/suggestions, follow your investment instincts. So, Whatever happens, you have been prepared from the start. Good decision. Yes. I like typical mentalistas like you.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

Yeah. That's right. BTC is Good Investment and you traded at a very decent price for now which is $30,842. Remember, there is no single system that is safe in this world and provides a guarantee of security. But, as far as I know, you can use Bluewallet. You can read testimonials on wiibesite first, then download the application according to the instructions on wibesite. But remember what was said above. Just for reference only. The choice is in your hand. what is the safest and easiest for you to use.

[DapanasFruit]

While there is no question that soon we can see BTC go higher and certainly it is almost "guaranteed" that your portfolio will be increasing in value, it does not mean that alts will not also be expanding and sometimes they can go even better than Bitcoin. As of now, Ethereum is also looking good so I am advising to also get into ETH as much as possible. As someone said in the past and still resonating today: Do not put your EGGS in just one basket. Right now, I am also a user of TrustWallet but am not recommending this to many people as I once lost some tokens in there without me knowing why - and we have more secured and better options already available at your disposal.

[Razmirraz]

Your decision to put your trust in Bitcoin is very useful for the future to increase in value when the price is already high. Selling all Altcoins is not a bad decision, it is also important to keep an eye on Altcoins that need to be maintained which have good potential in the future.
Have you ever heard the words "Prepare an umbrella before it rains", this proverb might be a reference to the investment decisions you make. You should look for safe wallet information to store assets in the long term, not buy assets and then look for a suitable wallet to store them.
You can use Electrum for an online wallet.

[Dr.Osh]

Well, your decision is not a bad one. if you are targeting long term investment, I feel that your decision is right.
Personally, I also use the same strategy, which is to sell all the altcoins I have at a high enough price, then I invest back into one coin which I feel has great potential. I sometimes choose between ethereum and BNB, because I feel that it is still quite easy to get 1 coin compared to bitcoin, but I think we have the same strategy.
You will really feel this when you do this consistently. when you have a lot of bitcoins, you will feel it when the price really goes up. it carries less risk than owning lots of altcoins, especially since the altcoins are not popular. So, it's better if you sell everything while the altcoin still has a price, and switch everything to bitcoin.

[MarjorieZimmermanGinger]

Some holders cannot take the pressure brought up by trading alts since its like fast moving to them and they can't react as quick as they can since they don't know what to do about certain condition happens. So I guess he's still doing some good decision for staying on bitcoin for a while since focusing on one crypto to trade can give him more learnings since he can focus on things he missed out when he's trading multiple alts.

That way he has a view when undergoing investment in Bitcoin and involvement in Altcoin investment has shown that progress is not significant towards him, so that the choice of Bitcoin and releases all the altcoin he has is the right decision. Nearly many people cannot receive the pressure caused by the Altcoin trade because of the risk of its journey that is so large and difficult to find a level of resilience in the corrected market conditions, therefore holding bitcoin is far better than Altcoin.

The previous experience in Altcoin will lead to the ability to analyze the development of dibitcoin and for now he has made the right decision. Bitcoin has the ability to defend itself in any condition and Bitcoin durability has also been tested over time. That is the reason I ask how the condition when he invests in Altcoin and the relationship can be seen the extent of its development.

[fruktik]

Bitcoin is the safest coin in the crypto market, while altcoins are quite risky but have a chance of giving investors better returns. Investing in bitcoin is always recommended as it is safe and secure, but with altcoins, those who can take risks and are confident in their skills can give it a try. Investing in bitcoin or altcoins is a personal decision.

Wallet for storage: it is best to stay away from that trust wallet and use Electrum for bitcoin and metamask for altcoins. Or use the open source hardware wallet that is considered the most secure today.

          You can’t be completely sure about Bitcoin either. Still, this is a fairly new technology and it is subject to radical changes. Yes, at the moment it will seem that they are indestructible and steadfast, but all this is so relative in the current world.
         Some serious event caused by weather conditions and a significant part of the mining centers will be out of the game. How do you like that? It will not be so easy to resume a large mining farm again.

[nullama]

~snip~
          You can’t be completely sure about Bitcoin either. Still, this is a fairly new technology and it is subject to radical changes. Yes, at the moment it will seem that they are indestructible and steadfast, but all this is so relative in the current world.
         Some serious event caused by weather conditions and a significant part of the mining centers will be out of the game. How do you like that? It will not be so easy to resume a large mining farm again.

Sure, no one can predict the future.

But at least there are some fundamental ideas of Bitcoin that are superior to other assets, and that won't change.

[Crypt0Gore]

That's not bad but it's surely a slower process of making money, to make money in the crypto space is not about Bitcoin only, you need to spread out your money and build a solid portfolio to maximize your gain, with 5000$ investment you can make 150,000$ with ease, someone I know use 2,500$ to net 130,000$ in 2021, he split the 2,500$ in 25 different altcoins and some fine, like 10x and few like three did over 100x and more, all these coins are altcoins.

You should invest in Bitcoin but make sure you have solid altcoins in your portfolio, that's where you will make the craziest return of investment, not from Bitcoin, I always expect nothing less than 1500% gain from Bitcoin, x3, x4, x5, or x6, but different in altcoins, you will see easy x10, x20, x50, x100 in altcoins.

[ektotanes]

I think that diversification is the key to success. It is better not to invest all your funds in one coin, even if it is bitcoin.

[doomloop]

It is not advisable to keep all your money in a trust wallet for long term, it is better to use a good hardware wallet  There is no need to invest all your money in bitcoins you can invest in altcoins as well if you want. Although bitcoin investment is risk free but also good profits can be made from altcoins if you choose the right altcoins.I think your friend gave the right advice about the downside of Bitcoin and the volatility of the market. As long as you invest in Bitcoin, you should invest for the long term, because long term investment can yield good returns from Bitcoin.

Bitcoin investment is not risk free and it gives less profit compare to altcoins, life changing profits mostly come from altcoins and with little amount of money invested unlike Bitcoin that now requires a lot of money to make insane amount of money because the value of Bitcoin is already high, and that makes it not suitable for those that have 100$ to 500$ for investment, having to hold that thinly amount of Bitcoin for years and end up with 4x of your 500$ is not very good enough.

That's probably right but one should also consider the risk factor when making investments in both Bitcoin and altcoins, investments in Bitcoin might not bring you a lot of profit but it is at least less risky than investments in altcoins which can almost make you lose all your money if the project turns out to be a scam or even if it's not a scam initially, it can still run into some issue and crash badly and won't be able to recover the price again just like LUNA.

Greed is something that mostly makes us lose a lot of money whether it's trading or anything in the world, so if we go for making only altcoins investments just because we can get more profit in a shorter period of time, that might cause us more than what we can potentially gain from the investments.

[BenCodie]

(Not financial advice)

50℅ BTC
30℅ ETH
20℅ Solid top 100 altcoins/tokens (10 of them)

I think that this is the best setup.

Why shy away from promising projects just after their downfalls from all time highs? There's no reason if you're ultimately HODL'ing. It's completely fine to have some exposure in case you get a exponential return.

To me this seems like a solid strategy. ETH definitely seems promising and is widely held by many huge conglomerate companies, individual investors and crypto enthusiasts alike, especially because of its use in DEFI projects, for NFTs, etc. Many of these other "shitcoins" could still get some nice pumps. Ultimately though I think long term stick with BTC. Try to diversify but in the end I think all roads will still point back to BTC. Thats just my take.

Agreed. Don't get me wrong, not condoning shitcoins at all. There are solid altcoins/tokens out there representing reliable protocols...Uniswap, Aave, Arbitrum, Polygon, etc.

1% doge/pepe maybe still worth it

(Not financial advice)

50℅ BTC
30℅ ETH
20℅ Solid top 100 altcoins/tokens (10 of them)

I think that this is the best setup.

Why shy away from promising projects just after their downfalls from all time highs? There's no reason if you're ultimately HODL'ing. It's completely fine to have some exposure in case you get a exponential return.

Fuck ETH and fuck altcoins. Most of them, including ETH, are securities because they pass the Howey test.
There were a few news about ETH last year, one explained how Vitalik dumped some of his coins onto new investors in 2022 and the other was about ETH being a security.

I say go 100% bitcoin. If that's too much for you, buy bitcoin and invest the rest in some real estate and stocks. Buy physical gold if you want, but stay away from shitcoins.

Who cares about the Howey test...we're in a completely different financial realm here. That test shouldn't completely apply to blockchain protocols imo. I wouldn't say "fuck alternatives"...I'd say there's no harm in keeping a small portion of alts/eth in the event that they 10x+ while Bitcoin does its usualy 2-6x during a bull run, which historically, has happened.

[Bobrox]

Looks your altcoin holding is not really profitable, I checked with TRX price look stable around $0.073 and have been longer time difficult raise until $1, its worth when your altcoin holding convert to bitcoin. But for Matic coins its looks profitable holding few months later than you sell or convert to bitcoin due price still drop under $0.7. All time highest price from Matic coin above 3$ last two years and has chance for Matic coin possibility back to higher price. No bad ideas when selling your altcoin right now and invest to bitcoin, looks you wrong way when investing with low interested altcoin like TRX where price keep stable and hasn't potential back to higher price although Bitcoin raise up.

[Blitzboy]

It is not advisable to keep all your money in a trust wallet for long term, it is better to use a good hardware wallet  There is no need to invest all your money in bitcoins you can invest in altcoins as well if you want. Although bitcoin investment is risk free but also good profits can be made from altcoins if you choose the right altcoins.I think your friend gave the right advice about the downside of Bitcoin and the volatility of the market. As long as you invest in Bitcoin, you should invest for the long term, because long term investment can yield good returns from Bitcoin.

Bitcoin investment is not risk free and it gives less profit compare to altcoins, life changing profits mostly come from altcoins and with little amount of money invested unlike Bitcoin that now requires a lot of money to make insane amount of money because the value of Bitcoin is already high, and that makes it not suitable for those that have 100$ to 500$ for investment, having to hold that thinly amount of Bitcoin for years and end up with 4x of your 500$ is not very good enough.

That's probably right but one should also consider the risk factor when making investments in both Bitcoin and altcoins, investments in Bitcoin might not bring you a lot of profit but it is at least less risky than investments in altcoins which can almost make you lose all your money if the project turns out to be a scam or even if it's not a scam initially, it can still run into some issue and crash badly and won't be able to recover the price again just like LUNA.

Greed is something that mostly makes us lose a lot of money whether it's trading or anything in the world, so if we go for making only altcoins investments just because we can get more profit in a shorter period of time, that might cause us more than what we can potentially gain from the investments.

The volatile crypto market shows that risk is inherent in all investments. Let's not forget the positive. Bitcoin, the first and most popular digital money, provides stability. Altcoins are also investments. They provide options that even Bitcoin cannot. Some cryptocurrencies are frauds or fail, while others, like Ethereum, Ripple, and BNB, have grown and survived. Balanced portfolios and constant monitoring are crucial. Greed is an investor's biggest enemy, but it shouldn't stop us from taking profitable possibilities.

[m2017]

~snip

You need to be careful about the advice of others, even if they are familiar investors. For no one knows better all the features of your case, except you.

Investing in bitcoin, in my opinion, is good for your future because btc is the most reliable and stable currency among all crypto. If cryptocurrencies ever depreciate and disappear, btc will be the last of them. This is achieved through decentralization (the only decentralized currency), the largest user base, trust, capitalization and cost.

But this choice is bad because it will not bring the highest profitability compared to altcoins. Bitcoin reliable, but less profitable. Altcoins are less reliable (due to the risks of depreciation and being forgotten by everyone), but can be more profitable. In my opinion, your choice is the best. It is better to get a smaller profit, but for sure. Being greedy with investing in altcoins can empty your wallets quickly and easily.

For safe bitcoin storage, it would be better to use electrum or hardware wallets (because the amount of your investment of $800 allows you to allocate part of the funds to buy this device).

[imamusma]

I think that diversification is the key to success. It is better not to invest all your funds in one coin, even if it is bitcoin.

Even if that is true, it really depends on the risk tolerance of each investor. If you can be responsible for the cause and effect of investing in bitcoin, then there is nothing wrong with investing only in bitcoin. Diversification of assets (bitcoins & altcoins) sounds good, but if you are experienced in this investment then maybe you will be different.

So far I haven't been as successful as other experienced investors at investing, that's because I still need to develop a good strategy and plan on investing. I'm not going to make a big deal out of diversification, but I just believe that bitcoin has a better future than thousands of other altcoins.

[serveria.com]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

I assure you it's the best decision you made in your life! Altcoins are called shitcoins for a reason! But I hope you're planning this as a long-term investment, otherwise you may get disappointed or even suffer losses! Think of it as of a 5+ year investment.

[serjent05]

Investing in Bitcoin by selling your altcoin is a good move if the altcoin you sold are shitcoins and is good for short time investment.  Honestly I am not much of a pure Bitcoin only investment since if we are looking for a higher profit without considering the risk, reputable altcoins give way better profit than Bitcoin.  (Don't flame me for this, I am just citing my opinion) but of course to those who wanted a more secure investment, converting all altcoins to Bitcoin is the wise move.  With regards to the wallet, offline wallets is always better.

[Wimex]

!!!!!wow!!!!!i am surprised how radical you were to change absolutely everything without thinking twice but it is quite good they gave you excellent advice maybe since you have always used altcoins you should have done it little by little as to avoid losses since that  had not it yet  haing handled this type of investment but omitting this part it seems to me that you made an excellent decision and of course if it is good for your future  this asset has that characteristic that pays off in a certain time so you should not worry just keep advising you so that everything is kept under control and things turn out as you expect.......As for the wallet you are using it may be better to go looking for one that is more suitable for this type of currency one that keeps you anonymous and in turn secures your assets and with which you can feel comfortable.

[nur rochid]

Investing in Bitcoin by selling your altcoin is a good move if the altcoin you sold are shitcoins and is good for short time investment.  Honestly I am not much of a pure Bitcoin only investment since if we are looking for a higher profit without considering the risk, reputable altcoins give way better profit than Bitcoin.  (Don't flame me for this, I am just citing my opinion) but of course to those who wanted a more secure investment, converting all altcoins to Bitcoin is the wise move.  With regards to the wallet, offline wallets is always better.

investing in crypto is a choice, bitcoin or altcoins of course have their own characteristics, and most importantly we have to be able to understand them, so that even if we invest in bitcoins or altcoins it has been calculated at the start. it is undeniable that investing in altcoins will bring us greater profits, and of course to choose that we must have the knowledge to analyze it first, so that in the future we know what we have to do, because the main thing is the decision is in our hands

[justdimin]

(Not financial advice)

50℅ BTC
30℅ ETH
20℅ Solid top 100 altcoins/tokens (10 of them)

I think that this is the best setup.

Why shy away from promising projects just after their downfalls from all time highs? There's no reason if you're ultimately HODL'ing. It's completely fine to have some exposure in case you get a exponential return.

I think a better set-up would be like this> 80% for BTC and 20% for ETH but I prefer this set-up better> 100% for BTC. No need to waste our money, time and effort on other cryptos because all of them are only depending on Bitcoin. If BTC falls they also fall although if BTC pump they will pump but I think our profit potential is still the same or have gotten lesser than if we put all our of money in Bitcoin.

Many projects are only promising at their earlier runs but once they dump they will hardly recover anymore so don't ever mistaken their dump as a good opportunity. We are not holding for no reason but all of us are doing it because we want to earn a massive profit.

[isaac_clarke22]

I think that diversification is the key to success. It is better not to invest all your funds in one coin, even if it is bitcoin.

Considering how many shitcoins are out there, I don't even want to bother any other altcoins for now. My gray line for interacting with altcoins would be any forms of short-term trading - call it day trading. I had risked way too much for altcoins before and good thing I did not even bother investing in meme coins.

I am not even going to do the same even if I went back to the past like when Musk was a hot topic in crypto.

I think a better set-up would be like this> 80% for BTC and 20% for ETH but I prefer this set-up better> 100% for BTC. No need to waste our money, time and effort on other cryptos because all of them are only depending on Bitcoin. If BTC falls they also fall although if BTC pump they will pump but I think our profit potential is still the same or have gotten lesser than if we put all our of money in Bitcoin.

Many projects are only promising at their earlier runs but once they dump they will hardly recover anymore so don't ever mistaken their dump as a good opportunity. We are not holding for no reason but all of us are doing it because we want to earn a massive profit.

I was similar to that kind of setup before until alts arrived at its bearish season. I went 100% BTC and I am not going to bother doing any portion of alts for now. Even if the one you said about following the price of Bitcoin is true, it's way too risky for me.

[fuguebtc]

(Not financial advice)

50℅ BTC
30℅ ETH
20℅ Solid top 100 altcoins/tokens (10 of them)

I think that this is the best setup.

Why shy away from promising projects just after their downfalls from all time highs? There's no reason if you're ultimately HODL'ing. It's completely fine to have some exposure in case you get a exponential return.

I think a better set-up would be like this> 80% for BTC and 20% for ETH but I prefer this set-up better> 100% for BTC. No need to waste our money, time and effort on other cryptos because all of them are only depending on Bitcoin. If BTC falls they also fall although if BTC pump they will pump but I think our profit potential is still the same or have gotten lesser than if we put all our of money in Bitcoin.

Many projects are only promising at their earlier runs but once they dump they will hardly recover anymore so don't ever mistaken their dump as a good opportunity. We are not holding for no reason but all of us are doing it because we want to earn a massive profit.

I disagree when you say that investing in altcoins does not provide a bigger return than bitcoin. If we judge fairly, bitcoin's returns today cannot surpass that of altcoins. But the problem is that choosing a potential and profitable altcoin is extremely difficult, and that is why most people just want to invest in bitcoin instead of altcoins. Altcoins are a risky market, better suited for short-term investments than long-term investments like bitcoin, IMO.

[blackened515]

Investing in Bitcoin by selling your altcoin is a good move if the altcoin you sold are shitcoins and is good for short time investment.  Honestly I am not much of a pure Bitcoin only investment since if we are looking for a higher profit without considering the risk, reputable altcoins give way better profit than Bitcoin.  (Don't flame me for this, I am just citing my opinion) but of course to those who wanted a more secure investment, converting all altcoins to Bitcoin is the wise move.  With regards to the wallet, offline wallets is always better.

Selling altcoins and reinvesting the proceeds in bitcoin, hoping to target excellent entries on the project. Shitcoins are definitely the coins that have maintained the ability informed to stay up-to-date with on the market; they pump big and then dump hard. Altcoins are simply there to support the space; I have just a small quantity of altcoins in my portfolio; I've sold some and kept some because the market is unpredictable; we never know what awaits us, so it's important to make the most of the time we have in the market.

[lizarder]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Obviously it's a good option and you'll see a lot of potential in bitcoin, but when you manage to stay long term because bitcoin is the best investment in crypto for the long term. Calmness and skill in seeing opportunities will lead you to the big profit stage and continue to focus on collecting bitcoins because ATH will be closer to producing the investment perfection you are living in.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?[/size]

Electrum might be a reference for saving the bitcoins that you have and what you need to do is press the search button on the forum because there are many discussions that can lead you to the right decision.

[BenCodie]

(Not financial advice)

50℅ BTC
30℅ ETH
20℅ Solid top 100 altcoins/tokens (10 of them)

I think that this is the best setup.

Why shy away from promising projects just after their downfalls from all time highs? There's no reason if you're ultimately HODL'ing. It's completely fine to have some exposure in case you get a exponential return.

I think a better set-up would be like this> 80% for BTC and 20% for ETH but I prefer this set-up better> 100% for BTC. No need to waste our money, time and effort on other cryptos because all of them are only depending on Bitcoin. If BTC falls they also fall although if BTC pump they will pump but I think our profit potential is still the same or have gotten lesser than if we put all our of money in Bitcoin.

Many projects are only promising at their earlier runs but once they dump they will hardly recover anymore so don't ever mistaken their dump as a good opportunity. We are not holding for no reason but all of us are doing it because we want to earn a massive profit.

I disagree when you say that investing in altcoins does not provide a bigger return than bitcoin. If we judge fairly, bitcoin's returns today cannot surpass that of altcoins. But the problem is that choosing a potential and profitable altcoin is extremely difficult, and that is why most people just want to invest in bitcoin instead of altcoins. Altcoins are a risky market, better suited for short-term investments than long-term investments like bitcoin, IMO.

I agree with you. It is extremely short sided and factually incorrect to say that tokens and altcoins that are still trading today are only growing on the back of bitcoin. If that were true then every altcoin or token would have a similar market cap and there would be no difference between all of of them.

Some examples include ChainLink, which provide a data oracle for a lot of decentralized services for reliable pricing from lots of data sources. Uniswap, one of the largest and most successful decentralized exchange protocols. Polygon, arbitrum, avalanche, etc, all effective Layer 2 protocols which enable EVM functionality at fractions of the cost of Ethereum usage, and so much more I could go on with.

[Bitcoin_people]

Looks your altcoin holding is not really profitable, I checked with TRX price look stable around $0.073 and have been longer time difficult raise until $1, its worth when your altcoin holding convert to bitcoin. But for Matic coins its looks profitable holding few months later than you sell or convert to bitcoin due price still drop under $0.7. All time highest price from Matic coin above 3$ last two years and has chance for Matic coin possibility back to higher price. No bad ideas when selling your altcoin right now and invest to bitcoin, looks you wrong way when investing with low interested altcoin like TRX where price keep stable and hasn't potential back to higher price although Bitcoin raise up.

If you have done this and held trx for a long time but did not get any good profit from it. So avoid investing in these kind of altcoins rather you Bitcoin invest then surely profit will come. trx this token may not be possible to go to one dollar is a matter of time it is so long people are never interested to invest in such sheetcoins. One thing you'll notice is that when the price of Bitcoin went down a lot, the price of trx was right around $0.06. But when the Bitcoin market rebounded again, its value did not change with Bitcoin but increased slightly. So before investing you should definitely look at the good coins and invest for a long time then it is possible to get good profit. Best for long-term investment is Bitcoin and later there are some other altcoins that seem to be worth investing in.

[LittleBitFunny]

I think that diversification is the key to success. It is better not to invest all your funds in one coin, even if it is bitcoin.

Yes, we should not focus on one asset no matter how good it is, because everything is always risky, and diversification is essential. But I want to tell you that once you have invested in bitcoin, investing in altcoins is not considered diversification. All altcoins depend on bitcoin, what if bitcoin crashes? Surely the entire cryptocurrency market will disappear. So, when it comes to diversification, we should invest in non-crypto-related assets like stocks, gold... not in altcoins.

[adzino]

Not a bad thing to do. Investing in bitcoin is actually the safest option than any other altcoins. It is "more" stable than most altcoins when it comes to price volatility. And then, fi you plan to hold long term, you are guaranteed to make profit. Yeah, altcoin might give you faster profits, but there are risks associated with it. Imagine you have invest a lot in Luna (now luna classic) more than a year ago. Today you will have almost nothing. No one expected to Luna to go down all of a sudden. But things like this won't be happening with bitcoin. If you still want to diverse your portfolio, then stick with old well known altcoins like Ethereum.

[Tigerheart3026]

i appreciate your decision although we don't like to put everything in one basket, but in Bitcoin investment i think it always correct,
because it's safe investment from so called altcoins, i lost big amount even in the top cryptos,
although Bitcoin will not give high profits in short time as like altcoin, while profit is low so also it's very low risk investment.

[OgNasty]

Given the hostile current environment for altcoins with the United States government attempting to ban things like staking and trading of altcoins, I think it makes a lot of sense to go full Bitcoin. Especially after the collapse of some very popular alts over the last year. FTX really set the market back with their manipulation.

[Nheer]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Investing in Bitcoin is good especially now that we are expecting a bull run. Investing in bitcoin can make you reasonable profit if you can hold for a long period of time and it is safer and more reliable than alt coins but there is a thing with alts, alt coins have the potential to make you more richer than bitcoin will if you are lucky to invest in the right one. I wouldn’t say you did bad converting all you alt coins into bitcoin but having alts coins also can be profitable as well all you just have to do is to carry out research and find out the most promising and invest in them as well. Owning both bitcoin and alt coins during the bull run will benefit the most so just try and have them both.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?[/size]

Trust wallet is not the safest wallet to store your bitcoins. your keys are not safe because they are connected to the internet so it’s advisable to move your bitcoins to an offline open source wallet.
Here, you can review wallet categories and choose the one that best suits your needs. [General] Bitcoin Wallets - Which, What, Why?

[Ahli38]

Given the hostile current environment for altcoins with the United States government attempting to ban things like staking and trading of altcoins, I think it makes a lot of sense to go full Bitcoin. Especially after the collapse of some very popular alts over the last year. FTX really set the market back with their manipulation.

As long as there is no definite regulation in America related to crypto, especially Altcoins. namely about which are considered Securities and which are considered commodities. Then everything becomes uncertain there. a lot of fear for altcoin holders there. Even ADA, Matic and Sol were also affected by recent SEC actions which resulted in several exchanges delisting the three altcoins. So that in this uncertainty, switching completely to Bitcoin is indeed the safest way.

[taufik123]

As long as there is no definite regulation in America related to crypto, especially Altcoins. namely about which are considered Securities and which are considered commodities. Then everything becomes uncertain there. a lot of fear for altcoin holders there. Even ADA, Matic and Sol were also affected by recent SEC actions which resulted in several exchanges delisting the three altcoins. So that in this uncertainty, switching completely to Bitcoin is indeed the safest way.

Switching to Bitcoin is a last resort, Bitcoin will still be the strongest despite all the intimidation from the SEC regarding legal issues in the US.
Altcoins like you said ADA, MATIC, and SOL will be quite affected because most holders in the US will sell their holdings.

But if you talk about Altcoins like ETH, it might still be quite safe because we know the top Altcoins are still dominated by ETH and ETH follows the price of Bitcoin.
See how the development of Bitcoin and ETH certainly goes hand in hand.

[nullama]

Given the hostile current environment for altcoins with the United States government attempting to ban things like staking and trading of altcoins, I think it makes a lot of sense to go full Bitcoin. Especially after the collapse of some very popular alts over the last year. FTX really set the market back with their manipulation.

Bitcoin is really the only thing that holds value.

Altcoins are basically gambling tokens. At the end all of those will fade to black, while Bitcoin will continue to shine in bright orange.

[CryptoHFs]

I think that this where all of us end. Growing up, avoiding shit coins, defi, nft and start focusing on the real deal which is the bitcoin. This is almost the cycle of crypto life for anyone that has a brain.

[Ayers]

As long as there is no definite regulation in America related to crypto, especially Altcoins. namely about which are considered Securities and which are considered commodities. Then everything becomes uncertain there. a lot of fear for altcoin holders there. Even ADA, Matic and Sol were also affected by recent SEC actions which resulted in several exchanges delisting the three altcoins. So that in this uncertainty, switching completely to Bitcoin is indeed the safest way.

Switching to Bitcoin is a last resort, Bitcoin will still be the strongest despite all the intimidation from the SEC regarding legal issues in the US.
Altcoins like you said ADA, MATIC, and SOL will be quite affected because most holders in the US will sell their holdings.

But if you talk about Altcoins like ETH, it might still be quite safe because we know the top Altcoins are still dominated by ETH and ETH follows the price of Bitcoin.
See how the development of Bitcoin and ETH certainly goes hand in hand.

If you think investing in altcoins is risky due to the hostile action of the SEC, we shouldn't dismiss ETH either. I mean, although ETH was not on the SEC's attack list recently, there is no guarantee that they will not threaten ETH in the near future.
Altcoins are a market that can bring big profits in the short term, but the risks are not small, so if those who are not willing to take the risk, it is best to stay away entirely and focus only on bitcoin.

[Mr.suevie]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Let's say usually, at first, when you're new to this world you buy several altcoins, then you realize many of them are pointless and it's better to focus on BTC, so I would say you made the right choice. The only altcoins I really like are ETH and BNB, those have a great potential and it's worth having some, especially ETH in the short term it may even outperform BTC.

Its true that most altcoins are just a water of time when it comes for using them as a means of investment but I can bodly say this thought doesn't cover for all of them, ethereum like you said is one altcoin that can be reliable when its come for using it as an investment means or any other activities crypto can cover. But in all BTC still superceede them all and thats why many people are realising it and moving their major investment to BTC and this is also done due to the fact the bull season is almost here too.

[VFalcon]

it is unlikely there will be a collapse of Binance, as it is the largest cryptocurrency exchange and one of the first, respectively, it has many resources to maintain

[Z390]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Selling altcoins and investing in bitcoins is definitely a good decision. Sometimes you will see altcoins move bigger than bitcoin and make profits. However, as a long-term investment, bitcoin is the best option. We all witnessed how Luna pumped and crashed. That is the risk of altcoins. we cannot be sure about their decentralization.
I would like to suggest to you how other experienced members diversify their wallets. I recommend reading about how they do it. One strategy is to keep some money in USDT in order to Dollar Cost Average DCA into Bitcoin. It is not wise to buy Bitcoin and put all your money into it at once. While you might earn profits if you manage to catch the bottom, you could also end up with unrealized profits if your timing is incorrect. Therefore it is advisable to DCA into Bitcoin by keeping some USDT in your wallets.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

Storing your bitcoins in Trustwallet is a secure option. However, if you have money that you cannot afford to lose, it is advisable to invest in a hardware wallet. The decision to purchase a hardware wallet depends on individual circumstances. As long as you diligently safeguard your secret phrases and secure your device, your funds will remain safe..

Not just some times, most times altcoins always perform better than Bitcoin, that's if you are one of the early buyers of a good altcoin and you sell in a bull market, you will make more money than if you invested it on Bitcoin, I can give names of projects that have did so well better than Bitcoin in 2021, even the shit coins like FLOKI INU, I won't recommend those types because they are too risky but look for better alts that have the potential to 100x your money, this should not also disturb your Bitcoin investment too.

The past price action of Bitcoin is better than any altcoins because Bitcoin has never down back to 90% before unlike altcoins that can down 98% but some people are giving advice that people should stay away from new altcoins, they forget to tell them that old altcoins don't always make new all time high again and some slowly die with time.

[Games.Bitcoin]

Investing in Bitcoin is much better than other tokens. Maybe it's a good decision for you. But I see you hold your bitcoins in a trust wallet. But it is not good to hold bitcoins in a trust wallet for a long time. You need to keep your bitcoins with better security. So that your property is not damaged.

[ringgo96]

Your decision to sell all altcoins and invest in Bitcoin is the best choice, especially now that there are many issues that say that the value of Bitcoin will increase again for the coming year of course in 2024, so at this time we have to prepare some assets that cannot give us the advantage to switch to buying some Bitcoin, and for the current wallet problem TrustWallet is very safe for us to use and also there are several other wallets that are also We can rely on.

[posi]

Your decision to sell all altcoins and invest in Bitcoin is the best choice, especially now that there are many issues that say that the value of Bitcoin will increase again for the coming year of course in 2024, so at this time we have to prepare some assets that cannot give us the advantage to switch to buying some Bitcoin, and for the current wallet problem TrustWallet is very safe for us to use and also there are several other wallets that are also We can rely on.

If those are junk altcoins then selling them to invest in bitcoin is a good decision, but if it is ETH then I think we can also hold ETH because the possibility that it will bring a bigger profit than bitcoin is possible.

Trust wallet is a non-custodial wallet but a closed source, so it is not as secure as you think, although there has been no incident or negative news about trust wallet. If you don't have a hardware wallet, you can use Electrum for your bitcoins, stay away from custodial wallets, and closed source wallets like trust wallets.

[Rengga Jati]

...
although Bitcoin will not give high profits in short time as like altcoin, while profit is low so also it's very low risk investment.

That is why its is Bitcoin for long term holding. One of the most promising and worthiest results of investing in bitcoin is by holding for long term. However, on the other hand, we must also understand where it will take, when you need to take the Bitcoin and when to take profits one day later. For, not all years are good enough to take profits. because there are bearish and bullish era in crypto business. And bullish era is the best time to take profits.

[yudi09]

is it good for my future that I have sold my altcoins and invested in bitcoins?

Good.
You have made a very reasonable decision because Bitcoin is much better as an investment asset than altcoins.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

The number of your assets is quite large and continues to grow if you are serious about investing in Bitcoin.
I would say Trust Wallet is not a safe wallet to store assets with that amount.

Use the Electrum wallet for extra security.
BlueWallet is also secure and easy to use on mobile.
If you see and read this post, transfer all assets from Trust Wallet to Electrum wallet.
Since you have decided to sell all altcoins and invest in Bitcoin, I will no longer mention Unstoppable wallet.

[bitgolden]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

This is a great idea, you should be selling your alts and getting bitcoin if you do not trust your alts and you should be doing something better with it which is bitcoin. You can trust bitcoin for sure, there is no reason why you shouldn't trust bitcoin, it will go up in the future and there is no way around it, I know that some alts will go up too, but we can't say all alts will go up, some of them will and some of them won't which means that we do not know which ones will go up and which ones will not.

You might be holding one that will go up so selling that and buying bitcoin could be a mistake, but if you are holding one that will go down then it's going to be terrible. This is why you should be careful with what you are doing.

[hannahB4]

The deed is done for now, as least from what you have said you've sold all the altcoins already. Although if I were you I would have held Ethereum that is if you have the coin already. Definitely with the market you can say your future is secured financially if you could hold enough to have the profit that will be best for you.

[Framelover]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

In my personal opinion, your decision in switching your altcoin investments into Bitcoin investment is a smart move considering Bitcoin’s position as the leading cryptocurrency with a widespread adoption and recognition. Bitcoin has shown remarkable resilience over the past years and is regarded as a store of value for potential hedge against traditional financial systems. Nevertheless, do not glory yet as it is important to note that just like every other financial market, Bitcoin is volatile and is also risky.
The only remarkable move you’ve made is to move your investments to a more established cryptocurrency (Bitcoin). Have faith and keep in touch with market trends and stay updated on Bitcoin’s development and all factors that impacts it’s value.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

Trust Wallet offers features like private key control and seed phrase backup to enhance security. It is also important to take additional precautions to protect your investments by making sure that you have a strong and unique password for your wallet, also, enable a two-factor authentication, and continuously keep your wallet software up to date.
You should also consider implementing offline or hardware wallets for long-term storage of your Bitcoin, as they offer enhanced security by keeping your private keys offline. Conduct thorough research and choose reputable wallet solutions that align with your security requirements.

[bitterguy28]

i appreciate your decision although we don't like to put everything in one basket, but in Bitcoin investment i think it always correct,
because it's safe investment from so called altcoins, i lost big amount even in the top cryptos,
although Bitcoin will not give high profits in short time as like altcoin, while profit is low so also it's very low risk investment.

sometimes if we are talking about  bitcoin ?  that comment does not really exist .


" Never Invest In single coin" or Dont put your egg in one basket"

those are only given in Altcoin mate but if we are talking to bitcoin that always there for safeties and possible increase?

then let OP have all His money in this valuable coin.

[Bitcoin_people]

The deed is done for now, as least from what you have said you've sold all the altcoins already. Although if I were you I would have held Ethereum that is if you have the coin already. Definitely with the market you can say your future is secured financially if you could hold enough to have the profit that will be best for you.

For now, if you are thinking about your future, it is definitely better to invest in Bitcoin. Because currently the Bitcoin market is at a minimum investment point which will go to a better level in the future. Already we can see that the Bitcoin market will be halved by the next year 2024. and then the price of Bitcoin will reach $100,000 so instead of thinking negatively, think positively about Bitcoin. You can invest in ethereum if you want but bitcoin will give you better profit so better to invest in bitcoin. Since Bitcoin has a chance to halve later in the year, investing in Bitcoin will no doubt make you a huge profit.

[awik p]

i appreciate your decision although we don't like to put everything in one basket, but in Bitcoin investment i think it always correct,
because it's safe investment from so called altcoins, i lost big amount even in the top cryptos,
although Bitcoin will not give high profits in short time as like altcoin, while profit is low so also it's very low risk investment.

sometimes if we are talking about  bitcoin ?  that comment does not really exist .


" Never Invest In single coin" or Dont put your egg in one basket"

those are only given in Altcoin mate but if we are talking to bitcoin that always there for safeties and possible increase?

then let OP have all His money in this valuable coin.

that's right, op has done a good job of determining his investment. especially if he sells altcoins in a profitable position and buys bitcoins for investment security, that is the right thing to do in my opinion, for me there is no problem if you only invest in one coin, namely bitcoin, but this should not be done for altcoins. considering that the core of cryptocurrency is bitcoin, the crypto movement is based on bitcoin. so even if there is a crash, we are sure that bitcoin will be able to recover, it is different with altcoins

[nullama]

~snip~
For now, if you are thinking about your future, it is definitely better to invest in Bitcoin. Because currently the Bitcoin market is at a minimum investment point which will go to a better level in the future. Already we can see that the Bitcoin market will be halved by the next year 2024. and then the price of Bitcoin will reach $100,000 so instead of thinking negatively, think positively about Bitcoin. You can invest in ethereum if you want but bitcoin will give you better profit so better to invest in bitcoin. Since Bitcoin has a chance to halve later in the year, investing in Bitcoin will no doubt make you a huge profit.

Yes, Bitcoin is basically the only real thing. Most of these altcoins are just gambling money so that the creator of it gets rich.

There's nothing else like Bitcoin.

It might seem like they are similar when you only look at the name and the price, but they simply are different things.

[bitterguy28]

i appreciate your decision although we don't like to put everything in one basket, but in Bitcoin investment i think it always correct,
because it's safe investment from so called altcoins, i lost big amount even in the top cryptos,
although Bitcoin will not give high profits in short time as like altcoin, while profit is low so also it's very low risk investment.

sometimes if we are talking about  bitcoin ?  that comment does not really exist .


" Never Invest In single coin" or Dont put your egg in one basket"

those are only given in Altcoin mate but if we are talking to bitcoin that always there for safeties and possible increase?

then let OP have all His money in this valuable coin.

that's right, op has done a good job of determining his investment. especially if he sells altcoins in a profitable position and buys bitcoins for investment security, that is the right thing to do in my opinion, for me there is no problem if you only invest in one coin, namely bitcoin, but this should not be done for altcoins. considering that the core of cryptocurrency is bitcoin, the crypto movement is based on bitcoin. so even if there is a crash, we are sure that bitcoin will be able to recover, it is different with altcoins

correct , he is waiting for the Bull run in the next coming years so indeed that OP had decided perfectly and never put His money in single basket .
OP has a good sight for each positioning and with those? he continues to earn and maybe another halving will make Him a  money maker .

[peter0425]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

it is still best to use Ledger or Trezor wallet mate for more safer investment and I believe that you are into long term holding so yes best for having an Offline wallet.

and has the answer on the first page , Like me I support using Electrum for some of my coins being hold Online ( funds that are ready for trading once there is a dump happened befoere the bullrun)

[Chato1977]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

You made a perfect decision ..

your future lies in this currency mate, forget about altcoin and just focus in Bitcoin .

[btc78]

i appreciate your decision although we don't like to put everything in one basket, but in Bitcoin investment i think it always correct,
because it's safe investment from so called altcoins, i lost big amount even in the top cryptos,
although Bitcoin will not give high profits in short time as like altcoin, while profit is low so also it's very low risk investment.

sometimes if we are talking about  bitcoin ?  that comment does not really exist .


" Never Invest In single coin" or Dont put your egg in one basket"

those are only given in Altcoin mate but if we are talking to bitcoin that always there for safeties and possible increase?

then let OP have all His money in this valuable coin.

that's right, op has done a good job of determining his investment. especially if he sells altcoins in a profitable position and buys bitcoins for investment security, that is the right thing to do in my opinion, for me there is no problem if you only invest in one coin, namely bitcoin, but this should not be done for altcoins. considering that the core of cryptocurrency is bitcoin, the crypto movement is based on bitcoin. so even if there is a crash, we are sure that bitcoin will be able to recover, it is different with altcoins

but his main concern now is about the wallet he is using and that is trust wallet that for me is one of good choices , and also try to have offline wallets such as mentioned above.

[bitterguy28]

I have been involved with Cryptocurrencies for the past almost 1 year.It's only been a few months since I joined the BitcoinTalk forum.

you did not joined few months ago because your account was created since january meaning you have been here for more than half a year .

I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.

not sure if this thread is another some kind of merit fishing that we have been seeing many times specially this year.

After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

it is depend on your decisioning mate , it is your money and it is your choice but ? putting all money in single coin is wrong but if you are into bitcoin? then that is a perfect decision .

[Lorence.xD]

The deed is done for now, as least from what you have said you've sold all the altcoins already. Although if I were you I would have held Ethereum that is if you have the coin already. Definitely with the market you can say your future is secured financially if you could hold enough to have the profit that will be best for you.

For now, if you are thinking about your future, it is definitely better to invest in Bitcoin. Because currently the Bitcoin market is at a minimum investment point which will go to a better level in the future. Already we can see that the Bitcoin market will be halved by the next year 2024. and then the price of Bitcoin will reach $100,000 so instead of thinking negatively, think positively about Bitcoin. You can invest in ethereum if you want but bitcoin will give you better profit so better to invest in bitcoin. Since Bitcoin has a chance to halve later in the year, investing in Bitcoin will no doubt make you a huge profit.

For real Bitcoin is a good choice to invest if you're planning in long term investment since as you said it's on minimum investment value. This could literally secure your future as Bitcoin might reach $100,000. But for me, I would still divide my investment for long term and short term. Some would go to Bitcoin and some to alternative coins such as ETH. I would just do quick flip in short term as those quick profits would sustain my needs currently. So and the other spare money would go straight to Bitcoin for me to hodl them for a long time til it reaches it's peak value.

[capitan_rocotan]

Well, it was your choice. However, I would suggest researching the different cryptocurrencies. Take the time to learn about the various cryptocurrencies available and their unique features and applications. This will help you identify which cryptocurrencies align with your investment goals and risk tolerance. XGo swap helps me a lot with that.

[Luzin]

So and the other spare money would go straight to Bitcoin for me to hodl them for a long time til it reaches it's peak value.

I have both. I think with both of them will have a good period with some altcoins that are able to survive. At least some good Altcoin periods always follow the direction of BTC movement. So I have a few altcoins that I think are pretty good to hold. But I also trade to continue accumulating BTC, because I believe BTC will have tremendous value as more and more believe in Bitcoin. In addition, with a limited number of hopes, it supports the law of demand and supply.

[nutildah]

you did not joined few months ago because your account was created since january meaning you have been here for more than half a year .

Not to mention he probably has alt accounts that are older, but they are probably banned or red tagged, so on to the next account.

not sure if this thread is another some kind of emrit fishing that we have been seeing many times specially this year.

That's exactly what it is. He probably took the sig campaign earnings from his various alts and put them in a single wallet. At least he's a saver. 

[Ahli38]

So and the other spare money would go straight to Bitcoin for me to hodl them for a long time til it reaches it's peak value.

I have both. I think with both of them will have a good period with some altcoins that are able to survive. At least some good Altcoin periods always follow the direction of BTC movement. So I have a few altcoins that I think are pretty good to hold. But I also trade to continue accumulating BTC, because I believe BTC will have tremendous value as more and more believe in Bitcoin. In addition, with a limited number of hopes, it supports the law of demand and supply.

Well having both is good enough. As long as we can get into altcoins that actually have pretty good potential. Analyzing Altcoins is also sometimes not too difficult. Fundamental analysis is needed if we want to hold a number of altcoins in the medium term. That is until the increase target is reached. Ethereum is one of the altcoins that I also currently hold. Because Fundamentally Ethereum is the strongest in terms of Fundamentals.

But for the long term I also stick to Bitcoin. Sometimes accumulating it consistently brings its own pleasure to me. especially when the target amount of accumulation is almost reached.

[ajiz138]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

What about your belief, is bitcoin or altcoin good? Not entirely altcoins failed but more precisely bitcoin is the best in my opinion.
Why do you show your balance? Shouldn't things like this be more privacy?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

I'm a trust wallet user but I've never stored long on these wallets and now rarely use them except Electrum as temporary storage, I have a hardware wallet and it's the best wallet for me to store long term assets.

[synchronym]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

Op said he has been involved with Bitcoin for a year, I think he has a good understanding of Bitcoin, that's why he decided to sell Altcoins and invest in Bitcoin. I personally think that investing in Altcoins is as risky as coins I wouldn't say Bitcoin is risk free Bitcoin is risky but a little bit safer than Alt coins. So I would say to the Op that since you are involved in bitcoin since you are fairly well invested you have to be very careful if you are going to be successful with it.

[Wend]

So and the other spare money would go straight to Bitcoin for me to hodl them for a long time til it reaches it's peak value.

I have both. I think with both of them will have a good period with some altcoins that are able to survive. At least some good Altcoin periods always follow the direction of BTC movement. So I have a few altcoins that I think are pretty good to hold. But I also trade to continue accumulating BTC, because I believe BTC will have tremendous value as more and more believe in Bitcoin. In addition, with a limited number of hopes, it supports the law of demand and supply.

Well having both is good enough. As long as we can get into altcoins that actually have pretty good potential. Analyzing Altcoins is also sometimes not too difficult. Fundamental analysis is needed if we want to hold a number of altcoins in the medium term. That is until the increase target is reached. Ethereum is one of the altcoins that I also currently hold. Because Fundamentally Ethereum is the strongest in terms of Fundamentals.

But for the long term I also stick to Bitcoin. Sometimes accumulating it consistently brings its own pleasure to me. especially when the target amount of accumulation is almost reached.

Why not hold both for better profit optimization? While altcoins will be riskier than bitcoin, there's no denying that they can offer better returns than bitcoin. I also hold both instead of just focusing on bitcoin, I don't want to be a stubborn person who only believes in bitcoin and ignores thousands of other good opportunities with altcoins. Many bitcoin investors think that ETH is garbage, but so far, if anyone invests in it from the first days, the return it brings is not inferior to bitcoin.

[Tony116]

So and the other spare money would go straight to Bitcoin for me to hodl them for a long time til it reaches it's peak value.

I have both. I think with both of them will have a good period with some altcoins that are able to survive. At least some good Altcoin periods always follow the direction of BTC movement. So I have a few altcoins that I think are pretty good to hold. But I also trade to continue accumulating BTC, because I believe BTC will have tremendous value as more and more believe in Bitcoin. In addition, with a limited number of hopes, it supports the law of demand and supply.

Well having both is good enough. As long as we can get into altcoins that actually have pretty good potential. Analyzing Altcoins is also sometimes not too difficult. Fundamental analysis is needed if we want to hold a number of altcoins in the medium term. That is until the increase target is reached. Ethereum is one of the altcoins that I also currently hold. Because Fundamentally Ethereum is the strongest in terms of Fundamentals.

But for the long term I also stick to Bitcoin. Sometimes accumulating it consistently brings its own pleasure to me. especially when the target amount of accumulation is almost reached.

Why not hold both for better profit optimization? While altcoins will be riskier than bitcoin, there's no denying that they can offer better returns than bitcoin. I also hold both instead of just focusing on bitcoin, I don't want to be a stubborn person who only believes in bitcoin and ignores thousands of other good opportunities with altcoins. Many bitcoin investors think that ETH is garbage, but so far, if anyone invests in it from the first days, the return it brings is not inferior to bitcoin.

Yes, bitcoin is safer than all the rest of the market, but that doesn't mean we should just focus on it and miss the opportunity with altcoins. I find it funny how many people criticize the older generation for investing only in gold and real estate and ignoring potential investments like bitcoin. They criticized the other two assets as outdated and no longer providing good returns. But they are constantly opposed to others investing in altcoins, which is nothing more than intentional bias and hostility.

Although investing in altcoins is very risky, its returns are many times greater than that of bitcoin. Therefore, those who like to take risks and are willing to take risks should not ignore the potential that altcoins offer.

[Ahli38]

So and the other spare money would go straight to Bitcoin for me to hodl them for a long time til it reaches it's peak value.

I have both. I think with both of them will have a good period with some altcoins that are able to survive. At least some good Altcoin periods always follow the direction of BTC movement. So I have a few altcoins that I think are pretty good to hold. But I also trade to continue accumulating BTC, because I believe BTC will have tremendous value as more and more believe in Bitcoin. In addition, with a limited number of hopes, it supports the law of demand and supply.

Well having both is good enough. As long as we can get into altcoins that actually have pretty good potential. Analyzing Altcoins is also sometimes not too difficult. Fundamental analysis is needed if we want to hold a number of altcoins in the medium term. That is until the increase target is reached. Ethereum is one of the altcoins that I also currently hold. Because Fundamentally Ethereum is the strongest in terms of Fundamentals.

But for the long term I also stick to Bitcoin. Sometimes accumulating it consistently brings its own pleasure to me. especially when the target amount of accumulation is almost reached.

Why not hold both for better profit optimization? While altcoins will be riskier than bitcoin, there's no denying that they can offer better returns than bitcoin. I also hold both instead of just focusing on bitcoin, I don't want to be a stubborn person who only believes in bitcoin and ignores thousands of other good opportunities with altcoins. Many bitcoin investors think that ETH is garbage, but so far, if anyone invests in it from the first days, the return it brings is not inferior to bitcoin.

Although I would not dare to hold Altcoin in the long term (5-10 more years). But I personally do every day continue to trade in many altcoins. Apart from that, I also hold altcoins for medium-term investments, namely holding until the Bullish Market actually reaches its peak, which might be expected to occur after the bitcoin halving occurs. But we must always remember that holding Altcoins really should be scrutinized more carefully. even fundamental analysis really should continue to be used in altcoins. We must always stay up to date with the latest news and also continue to monitor the development of the altcoin project that we hold. Because if we miss important information, we may face big losses or not be able to get the maximum profit, such as project bankruptcy news, or other negative news that can bring down an altcoin project unexpectedly. or even positive news that can bring high price increases quickly. The point is playing in altcoins actually there are more things that must be continuously monitored if we want to keep minimizing the risks taken.

So I only like to get involved in altcoins for the short and medium term because well I also don't want to miss every moment that sometimes gives me multiple profits in a short time.
but for the long term I stay focused on bitcoin. In fact I routinely continue to put a few percent of my daily trading profits for accumulation Bitcoin with the DCA system.

[nimogsm]

Keeping everything in one place is not a good idea. Your deposit should be divided into at least two parts if this is all your savings. It will be unpleasant if you lose access to the wallet, so take care of security in advance and create at least one more account on another wallet and transfer part of the funds there.

[bayu7adi]

The majority of my asset allocation is also in Bitcoin, which accounts for two-thirds of my entire cold assets. My confidence in Bitcoin is on the rise, but for the future, I believe it's necessary to diversify my allocation to other assets. My ultimate plan would potentially involve allocating 50% to Bitcoin, 30% to stocks, and 20% to altcoins. Although this constitutes my disposable income, I still harbor great expectations for the crypto market's green movements, particularly in Bitcoin.

I have never sold anything to buy Bitcoin, stocks, or altcoins. Any funds I acquire for free will be immediately allocated to these three aforementioned areas. I still maintain the conviction that Bitcoin will have a positive impact on my financial situation for the next two years.

[tjtonmoy]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Bitcoin was and will always be the best choice if you want to invest in cryptocurrency. Other altcoins are centralized shit. You can not convince me that they are good. Not gonna happen. I got scammed multiple times in the past after investing in alts. Now all I care about is Bitcoin. So the thing that you have done is very wise in my opinion. Others may say that other alts do give you profits. But how much are there? Doing all your work to find the best one while it is sitting right in front of you. I can not choose anything other than Bitcoin. History is the best teacher. Learn from it and you will know.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

Bro, don't make the same mistake I did. My trust wallet got hacked once and all my funds were gone. Every time I sent a transaction, it got redirected to some random wallet address from my wallet. So software wallets are always at risk. I will recommend using hardware wallets to keep your funds safe.

[Fullcoinese]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

of course the choice to invest in Bitcoin is a good choice. but success or not depends on how you manage your investment assets.

i think a trust wallet is safe, but it would be safer if you use a cold wallet or a hard wallet because it is definitely better if you want to keep your investment long term.

[Ricardo11]

You made a very good decision, that you invested in Bitcoin by selling alt coins. Because Bitcoin will give us higher returns. We won't get as much return from altcoins now, as much as Bitcoin will give us. Because the Bitcoin bull market will start in a few days. And that will  will reach the value of Bitcoin by around 100k. Many Bitcoin experts think that the price of Bitcoin can even reach 120k. In this you will see that you can achieve the biggest success of your life.

[nesty]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

That is a great decision to move your investment to bitcoin. Basically the most trusted crypto currency is bitcoin. Yes it is good for future that you sold your altcoins and invested in bitcoins. Bitcoins would definitely increase its price and most of the altcoins just follow the increase of bitcoin and sometimes it does not. Trust wallet is safe but make sure that you keep the private key in a secure place and never ever click any suspicious link that was sent on your email so that your private keys will not be compromise. Because once your account was hacked your investments in bitcoin will be gone forever. So better to keep it in a safe and trusted safe so that you will not lose it.

[Minhxx]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

There are also many potential altcoins on the market. They may increase in price x5 x10 in the future, the problem here you have to find out clearly to not get involved in scam projects.

[Bazzu]

You made a very good decision, that you invested in Bitcoin by selling alt coins. Because Bitcoin will give us higher returns. We won't get as much return from altcoins now, as much as Bitcoin will give us. Because the Bitcoin bull market will start in a few days. And that will  will reach the value of Bitcoin by around 100k. Many Bitcoin experts think that the price of Bitcoin can even reach 120k. In this you will see that you can achieve the biggest success of your life.

Yes, it's op's decision
very good way of selling altcoins and the money from selling altcoins is used to buy bitcoins.

but in my opinion the profit from investing in altcoins is usually always greater than investing in btc because usually the altcoin when it goes up is always a high percentage, for example btc goes up 2% then altcoins can potentially go up to 3%.

but investing in btc is certainly safer than investing in altcoins.

[MinoRaiola]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Owning Bitcoin is always good, so you decided that correctly. Selling altcoins for it is okay, but if you want to play with higher gains or losses, then you should buy and sell altcoins. This is in most cases but with a lot of luck, you can also play at the roulette table something. On the other way, you will be very happy if you have bought a coin that has made a x10 and more. With bitcoin it will be less in the comparable time, but a more security not to lose everything, and with bitcoin you can be sure that it is denzentral.

[nullama]

~snip~
Owning Bitcoin is always good, so you decided that correctly. Selling altcoins for it is okay, but if you want to play with higher gains or losses, then you should buy and sell altcoins. This is in most cases but with a lot of luck, you can also play at the roulette table something. On the other way, you will be very happy if you have bought a coin that has made a x10 and more. With bitcoin it will be less in the comparable time, but a more security not to lose everything, and with bitcoin you can be sure that it is denzentral.

The thing is that altcoins are basically centralized companies with no regulations or protections to the owners.

You can easily lose 100% of your money in altcoins, because they really aren't the same as Bitcoin.

But yeah, as you mentioned, it's a bit of a gamble, like going to the casino. Although the casino always wins. Keep that in mind.

[Call_Me_Guru]

~snip~
Owning Bitcoin is always good, so you decided that correctly. Selling altcoins for it is okay, but if you want to play with higher gains or losses, then you should buy and sell altcoins. This is in most cases but with a lot of luck, you can also play at the roulette table something. On the other way, you will be very happy if you have bought a coin that has made a x10 and more. With bitcoin it will be less in the comparable time, but a more security not to lose everything, and with bitcoin you can be sure that it is denzentral.

The thing is that altcoins are basically centralized companies with no regulations or protections to the owners.

You can easily lose 100% of your money in altcoins, because they really aren't the same as Bitcoin.

But yeah, as you mentioned, it's a bit of a gamble, like going to the casino. Although the casino always wins. Keep that in mind.

Bitcoin is the best but the use of altcoins can be a good investment opportunity, the problem is that the holders should not completely rely on one altcoin but many so that when one betrays the others will be there. Altcoins have their advantages in crypto investment, some will earn very fast return when Bitcoin will be moving with a snail speed. Nothing is bad in having your Bitcoin and altcoins altogether, is a way to reduce your dependency on one, you may only let your bictoin to be more for the safety of the investment to be high.

Altcoins are not private and the decentralization of many of them is a lie and many of them can lead the owner to sudden bankruptcy when they decided to be seized for any reason. But not every of them, some are decentralized and offer you the privacy you desire.

[Inwestour]

Owning Bitcoin is always good, so you decided that correctly. Selling altcoins for it is okay, but if you want to play with higher gains or losses, then you should buy and sell altcoins. This is in most cases but with a lot of luck, you can also play at the roulette table something. On the other way, you will be very happy if you have bought a coin that has made a x10 and more. With bitcoin it will be less in the comparable time, but a more security not to lose everything, and with bitcoin you can be sure that it is denzentral.

Everyone is trying to mention that altcoins can give more profit, but not everyone says that not every altcoin is able to do this, there may be altcoins that will give even less profit than bitcoin and is it worth the risk and trying to find those very altcoins if you can just buy bitcoin.

It seems to me that the OP's decision to sell altcoins and buy bitcoin is a good decision. I would be interested to know the outcome of his decision in the bull market, whether it was correct, so that the OP writes us a summary of how the altcoins he sold were able to rise and how much profit bitcoin made, to find out if his decision was correct. Of course, this will not affect anything, but there is a certain interest in this, perhaps this would only confirm the confidence that this was the right decision.

[legendbtc]

Newcomers to this market share the same mindset that simply investing in Bitcoin will be a safer investment than altcoins. But over time, they forget their original goal because investing in bitcoin does not bring them back as fast and big as they thought. They will convert their Bitcoins into altcoins and lose money as a result. I used to be one of them too, but then I realized my mistake and sold my altcoin to buy back Bitcoin.
Currently, I still invest in some altcoins but don't put too much, only a small part, and if there is a loss, it won't affect my portfolio too much. Focusing mainly on bitcoin is always the perfect choice.

[Agbe]

Op your story is not clear for me. Bitcoin was first coin that came to this world and if anyone is interested in Cryptocurrency bitcoin would've been the first to invest and you leave bitcoin and invested in altcoins. Well that was your choice by then. And the worse part is that you were investing in altcoins and you don't know bitcoin until a friend of his adviced you and explained bitcoin to you. What an irony expression. But for your question, it is good for investing in bitcoin.

[Flexystar]

You are always better than being late in the Bitcoin Investment. It’s really good that you have switched from the Altcoins to Bitcoin. I would even recommend to keep buying more if you can afford any further investment as the whole world brace themselves for the Bitcoin Halving process. Don’t forget we are going to see more repeatative up and down cycles than the previous year because it’s gonna be complex market ahead. However, behold there is amazing pump that’s on our way once halving starts and miner reward goes down. To compensate the halved reward mostly price aggregates a lot. This is proven with previous halving processes. Hope so you will hang tight and don’t forget you have entered the market at just right time.

[AnonBitCoiner]

You sold your altcoins to buy bitcoin so this act refers that you have stronger believe on bitcoin and everyone hopes that it will rise very soon so as the price is currently more than 31k$ so there is an opportunity to be more worthy in coming months.

Bitcoin holders have much benefit this time but in my opinion no one will be in desire to sell now because they will be in patience to face more enhancement in price. Try to not share your data with others that is secret because of safety of your bitcoin and your money.

[axxo]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

No doubt that bitcoin is the best investment, selling alt coins and convert it to Bitcoin that is a good strategy that you had done. Your observation and thorough research had build your confidence to covert your altcoins into bitcoin. Bitcoin is good for your future just keep on holding it and for sure you will generate a good returns in the future specially if you have a good amount of investment. The higher the investment the higher rate of return and make sure that the amount you put in is the amount that you can afford to loose. It is better to use a hard wallet because trust wallet can be hacked as well.

[Hypnosis00]

You made a very good decision, that you invested in Bitcoin by selling alt coins. Because Bitcoin will give us higher returns. We won't get as much return from altcoins now, as much as Bitcoin will give us. Because the Bitcoin bull market will start in a few days. And that will  will reach the value of Bitcoin by around 100k. Many Bitcoin experts think that the price of Bitcoin can even reach 120k. In this you will see that you can achieve the biggest success of your life.

Talking about high returns, altcoins do as well. But if we talk about less risk and future assurance, Bitcoin offers more which is why it was recommended for long-term investment. Yes, many experts are saying it reaches high at $100k and more and it was possible but we never know when it comes. But for now, I was not thinking that amount, reaching $80k is a great price for Bitcoin already and another ATH.

So yes, what OP did is right - but I still suggest not just focusing on Bitcoin alone as it was better to share with potential altcoins like ETH and BNB.

[Kryptowerk]

I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?

In general, good idea. Most altcoins will go to (almost) zero eventually, as they lack any additional value over the big players - and it's hard to guess when they'll go to zero.
The altcoin market has been in a big hole for quite a while, so it could be debateable if it would have been a better idea to wait for the next altcoin bullrun and convert to BTC then. That said, you never know if some of these altcoins will ever recover and trying to time the market is what loses money for most.

Recarding storing your coins. Please check the wallet section of bitcointalk. https://bitcointalk.org/index.php?board=37.0
And make sure to use an open-source and community-verified wallet instead of trust wallet, especially for storing Bitcoin.
Also, buying a hardwarewallet (Trezor or similar, I don't recommend Ledger) is recommended long term for most users.

You can also check your wallet's security via this website: https://walletscrutiny.com/

[Ahli38]

~snip~
Owning Bitcoin is always good, so you decided that correctly. Selling altcoins for it is okay, but if you want to play with higher gains or losses, then you should buy and sell altcoins. This is in most cases but with a lot of luck, you can also play at the roulette table something. On the other way, you will be very happy if you have bought a coin that has made a x10 and more. With bitcoin it will be less in the comparable time, but a more security not to lose everything, and with bitcoin you can be sure that it is denzentral.

The thing is that altcoins are basically centralized companies with no regulations or protections to the owners.

You can easily lose 100% of your money in altcoins, because they really aren't the same as Bitcoin.

But yeah, as you mentioned, it's a bit of a gamble, like going to the casino. Although the casino always wins. Keep that in mind.

But basically the majority of us all would still like to be involved in altcoins. Well we love Bitcoin and invest long term in bitcoin. But there's nothing wrong with us having special funds for us to make capital in trading altcoins.

I personally engage in daily trading which of course is mostly in altcoins. Altcoins have a high risk but also worth the benefits offered. but one thing to remember is that altcoins are not for the long term but only for short and medium term trading. only buy when there is an issue there will be an event. and sell it when the event starts (peak hype). More analysis needs to be done if you want to get into altcoins. because we really have to pay attention to market sentiment and altcoin fundamentals. and technical analysis we also have to master firmly for decision making.

But remember to play in Altcoins it's better to only use a small portion of our capital. And the funds used must also be cold money. I personally also keep limiting the amount of capital I use in trading altcoins. because most of my assets in crypto are stored in long term investment in bitcoin.

[puloweh555]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Your decision to sell Altcoin and buy Bitcoin is correct, because Bitcoin is a crypto asset with the highest value, is popular, and the fundamentals are clear to show long-term profits, of course, very promising. But Altcoins also give us a lot of advantages as long as we are good at analyzing the fundamentals, of course, accompanied by extensive knowledge about altcoins. but to invest safely the right choice is bitcoin.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?[/size]

Many have suggested recommendations for safe wallets to store bitcoins. You have to research for yourself which one is right for you. Then Wallet is safe but there is still something even safer for storing bitcoins for a long time, only thing to remember is don't store bitcoins on exchanges.

[nullama]

~snip~
But basically the majority of us all would still like to be involved in altcoins. Well we love Bitcoin and invest long term in bitcoin. But there's nothing wrong with us having special funds for us to make capital in trading altcoins.

I personally engage in daily trading which of course is mostly in altcoins. Altcoins have a high risk but also worth the benefits offered. but one thing to remember is that altcoins are not for the long term but only for short and medium term trading. only buy when there is an issue there will be an event. and sell it when the event starts (peak hype). More analysis needs to be done if you want to get into altcoins. because we really have to pay attention to market sentiment and altcoin fundamentals. and technical analysis we also have to master firmly for decision making.

But remember to play in Altcoins it's better to only use a small portion of our capital. And the funds used must also be cold money. I personally also keep limiting the amount of capital I use in trading altcoins. because most of my assets in crypto are stored in long term investment in bitcoin.

You can count me out of that "majority".

altcoins are just gambling shitcoins.

Everyone can spend their money however they want though, so go ahead and buy some amazing altcoins.

[yohananaomi]

of course everyone really hopes to be able to invest in bitcoin and you have tried to do that, but you are selling altcoins to be able to get bitcoins where actually the altcoins you are selling are not necessarily not as good as bitcoin, it must be remembered that there are altcoins that are also capable of providing good profits lure.

You should also know that investing in bitcoin must be with large enough funds, in order to generate maximum profits, because the price of bitcoin is high enough, if you have small funds it is better to invest in altcoins only. you've done that, I appreciate what you did but it's just my suggestion, now what you need to do is continue to be able to add funds to make further purchases, in order to have the maximum amount, because the upgrade time is still quite long.

[Kelvinid]

You should also know that investing in bitcoin must be with large enough funds, in order to generate maximum profits, because the price of bitcoin is high enough, if you have small funds it is better to invest in altcoins only. you've done that, I appreciate what you did but it's just my suggestion, now what you need to do is continue to be able to add funds to make further purchases, in order to have the maximum amount, because the upgrade time is still quite long.

There are no such rules in crypto investment that if you have only small capital you will invest in altcoins and if you have huge capital you will go for Bitcoin. I don't know where you get that.  Because you can buy Bitcoin using our small capital and besides, it was not only it matters on the capital on how much you possibly earn but also on how you manage it and it was still the same from investing altcoins.

It was encouraged to buy Bitcoin no matte what you have because it was a reliable investment. If we aim for less risk, then this is the best choice.

[serjent05]

~snip~
But basically the majority of us all would still like to be involved in altcoins. Well we love Bitcoin and invest long term in bitcoin. But there's nothing wrong with us having special funds for us to make capital in trading altcoins.

I personally engage in daily trading which of course is mostly in altcoins. Altcoins have a high risk but also worth the benefits offered. but one thing to remember is that altcoins are not for the long term but only for short and medium term trading. only buy when there is an issue there will be an event. and sell it when the event starts (peak hype). More analysis needs to be done if you want to get into altcoins. because we really have to pay attention to market sentiment and altcoin fundamentals. and technical analysis we also have to master firmly for decision making.

But remember to play in Altcoins it's better to only use a small portion of our capital. And the funds used must also be cold money. I personally also keep limiting the amount of capital I use in trading altcoins. because most of my assets in crypto are stored in long term investment in bitcoin.

You can count me out of that "majority".

altcoins are just gambling shitcoins.

Everyone can spend their money however they want though, so go ahead and buy some amazing altcoins.

I believe I am one of those majority that believes that there is profit and loses in shitcoins.  .  I know Bitcoin is the best choice among the cryptocurrency but there are lots of profits that can still be made from altcoins if we are knowledgeable enough on what to do but there is no denying that there is tantamount of risk to be faced when dealing with altcoins.

You should also know that investing in bitcoin must be with large enough funds, in order to generate maximum profits, because the price of bitcoin is high enough, if you have small funds it is better to invest in altcoins only. you've done that, I appreciate what you did but it's just my suggestion, now what you need to do is continue to be able to add funds to make further purchases, in order to have the maximum amount, because the upgrade time is still quite long.

There are no such rules in crypto investment that if you have only small capital you will invest in altcoins and if you have huge capital you will go for Bitcoin. I don't know where you get that.  Because you can buy Bitcoin using our small capital and besides, it was not only it matters on the capital on how much you possibly earn but also on how you manage it and it was still the same from investing altcoins.

Probably he is comparing buying a whole of coins of Bitcoin and a whole of coins of certain cheap altcoins.  If that is the case, it is indeed needed a huge amount of money to buy Bitcoin but, we all know that Bitcoin can be bought in fraction, so it is wrong to believe that we need huge amount ofmoney to participate in Bitcoin trading.  We can even buy $10  worth of BTC and start our trading or investment journey.

It was encouraged to buy Bitcoin no matte what you have because it was a reliable investment. If we aim for less risk, then this is the best choice.

Bitcoin is the best investment in the cryptocurrency industry because of its high liquidity and merchant adoptability.

[Mauser]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Taking profits in the Alt coin market is not a bad idea and like you I also like to add any profits to my bitcoin holding. For me the main investment is still bitcoin and I evaluate any other crypto currencies in relation to the change of the bitcoin price. In my opinion alt coins are more risky than bitcoins and should therefore offer us a higher return. To avoid bigger losses it's good to take profits and grow our bitcoin investment. Why not use any new money that you want to invest in cryptos to buy new altcoins? Like that you can rebuild a diversified portfolio while having the majority of your money in bitcoins. The halving next year in bitcoins is going to bring new positive incentives and should push the price higher. As long as you are not switching back to fiat money you are doing nothing wrong.

[nullama]

~snip~
Taking profits in the Alt coin market is not a bad idea and like you I also like to add any profits to my bitcoin holding. For me the main investment is still bitcoin and I evaluate any other crypto currencies in relation to the change of the bitcoin price. In my opinion alt coins are more risky than bitcoins and should therefore offer us a higher return. To avoid bigger losses it's good to take profits and grow our bitcoin investment. Why not use any new money that you want to invest in cryptos to buy new altcoins? Like that you can rebuild a diversified portfolio while having the majority of your money in bitcoins. The halving next year in bitcoins is going to bring new positive incentives and should push the price higher. As long as you are not switching back to fiat money you are doing nothing wrong.

Yeah, but that kinds reflects the point that altcoins is similar to a casino. Yeah, it's great if you win in the roulette and put that extra money into Bitcoin. But the more probable result is that you're going to lose your money.

Only the people that control the altcoins and casinos are the ones that most probably will get a profit. That's the beauty of Bitcoin, there's no centralized person or entity that runs it.

[cryptodude]

I'd say it's definitely a job well done by you. Altcoins can quickly make you greedy and destroy your wealth. Must invest in Bitcoin for the long term. Bitcoin will give you good things that you can't even imagine.

[Mate2237]

Which of the altcoins did you sell to buy bitcoin. Yes bitcoin is the king among all the cryptocurrencies and it is good to invest in bitcoin but investing in other cryptocurrencies is also good so that you can know their differences. Upon all the volatility of Bitcoin it is still the best. You will only have peace when you have invested in bitcoin, because altcoins can not be trusted and if you are investing in altcoins, invest with small amount of money, so that if in case the coin collapsed it will not affect you much.

[superman184]

I'd say it's definitely a job well done by you. Altcoins can quickly make you greedy and destroy your wealth. Must invest in Bitcoin for the long term. Bitcoin will give you good things that you can't even imagine.

What makes someone greedy is not because someone has used altcoins, but because of their unwise attitude in using altcoins and hoping for high profits so they forget about the level of risk that exists in altcoins. Likewise with the good things that everyone can get, which does not mean they come from Bitcoin, but from the way someone treats and uses Bitcoin wisely.

Because if someone only has the initiative to sell Bitcoin when they see bearish in the market, I don't think anyone will get the benefits or good things that you say. The two things you said happened based on the behavior of the users themselves not from altcoins or Bitcoin, because altcoins and Bitcoin are just cryptocurrencies that everyone can own and use for the things they want, such as in the example of investing and also trading.

[Altryist]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Taking profits in the Alt coin market is not a bad idea and like you I also like to add any profits to my bitcoin holding. For me the main investment is still bitcoin and I evaluate any other crypto currencies in relation to the change of the bitcoin price. In my opinion alt coins are more risky than bitcoins and should therefore offer us a higher return. To avoid bigger losses it's good to take profits and grow our bitcoin investment. Why not use any new money that you want to invest in cryptos to buy new altcoins? Like that you can rebuild a diversified portfolio while having the majority of your money in bitcoins. The halving next year in bitcoins is going to bring new positive incentives and should push the price higher. As long as you are not switching back to fiat money you are doing nothing wrong.

Initially, altcoins were bought for some purpose and for some reason, it is obvious that the OP saw a perspective in them. It is difficult to say at the moment whether this decision is correct, since some altcoins are indeed able to show significantly higher growth than bitcoin. Yes, he can buy altcoins again with free money, but if the OP has now decided in favor of bitcoin, then it seems that the strategy will be to buy bitcoin.

[Lanatsa]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Taking profits in the Alt coin market is not a bad idea and like you I also like to add any profits to my bitcoin holding. For me the main investment is still bitcoin and I evaluate any other crypto currencies in relation to the change of the bitcoin price. In my opinion alt coins are more risky than bitcoins and should therefore offer us a higher return. To avoid bigger losses it's good to take profits and grow our bitcoin investment. Why not use any new money that you want to invest in cryptos to buy new altcoins? Like that you can rebuild a diversified portfolio while having the majority of your money in bitcoins. The halving next year in bitcoins is going to bring new positive incentives and should push the price higher. As long as you are not switching back to fiat money you are doing nothing wrong.

Initially, altcoins were bought for some purpose and for some reason, it is obvious that the OP saw a perspective in them. It is difficult to say at the moment whether this decision is correct, since some altcoins are indeed able to show significantly higher growth than bitcoin. Yes, he can buy altcoins again with free money, but if the OP has now decided in favor of bitcoin, then it seems that the strategy will be to buy bitcoin.

Decisions made whether right or wrong because it would really be only known if they would neither able to make profit or losses and this is why its not really that something that right if we do make out judgment on

whatever other people been doing on their decisions on their investment.If they have decided on touching altcoins to accumulate Bitcoin on selling out those coins then its not a bad idea on which we cant really be able to blame out people on doing such thing because nothing beats out Bitcoin when it comes to potential but there are some top altcoins which are that worth on investing into. This is why decisions made will
completely be random on each person because some would be sticking on alts and forgetting bitcoin and some would really be just focusing on Bitcoin alone and dont tend to touch up
altcoins because they arent really that confident on doing so.