I sold the altcoins and invested in Bitcoin"

[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.

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[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?