I sold the altcoins and invested in Bitcoin"

[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.

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[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.