I sold the altcoins and invested in Bitcoin"

[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.