I sold the altcoins and invested in Bitcoin"

[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.

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[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.