I sold the altcoins and invested in Bitcoin"

[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.

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[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.