I sold the altcoins and invested in Bitcoin"

[nesty]

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?

That is a great decision to move your investment to bitcoin. Basically the most trusted crypto currency is bitcoin. Yes it is good for future that you sold your altcoins and invested in bitcoins. Bitcoins would definitely increase its price and most of the altcoins just follow the increase of bitcoin and sometimes it does not. Trust wallet is safe but make sure that you keep the private key in a secure place and never ever click any suspicious link that was sent on your email so that your private keys will not be compromise. Because once your account was hacked your investments in bitcoin will be gone forever. So better to keep it in a safe and trusted safe so that you will not lose it.

[Minhxx]

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?

There are also many potential altcoins on the market. They may increase in price x5 x10 in the future, the problem here you have to find out clearly to not get involved in scam projects.

[Bazzu]

You made a very good decision, that you invested in Bitcoin by selling alt coins. Because Bitcoin will give us higher returns. We won't get as much return from altcoins now, as much as Bitcoin will give us. Because the Bitcoin bull market will start in a few days. And that will  will reach the value of Bitcoin by around 100k. Many Bitcoin experts think that the price of Bitcoin can even reach 120k. In this you will see that you can achieve the biggest success of your life.

Yes, it's op's decision
very good way of selling altcoins and the money from selling altcoins is used to buy bitcoins.

but in my opinion the profit from investing in altcoins is usually always greater than investing in btc because usually the altcoin when it goes up is always a high percentage, for example btc goes up 2% then altcoins can potentially go up to 3%.

but investing in btc is certainly safer than investing in altcoins.

[MinoRaiola]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Owning Bitcoin is always good, so you decided that correctly. Selling altcoins for it is okay, but if you want to play with higher gains or losses, then you should buy and sell altcoins. This is in most cases but with a lot of luck, you can also play at the roulette table something. On the other way, you will be very happy if you have bought a coin that has made a x10 and more. With bitcoin it will be less in the comparable time, but a more security not to lose everything, and with bitcoin you can be sure that it is denzentral.

[nullama]

~snip~
Owning Bitcoin is always good, so you decided that correctly. Selling altcoins for it is okay, but if you want to play with higher gains or losses, then you should buy and sell altcoins. This is in most cases but with a lot of luck, you can also play at the roulette table something. On the other way, you will be very happy if you have bought a coin that has made a x10 and more. With bitcoin it will be less in the comparable time, but a more security not to lose everything, and with bitcoin you can be sure that it is denzentral.

The thing is that altcoins are basically centralized companies with no regulations or protections to the owners.

You can easily lose 100% of your money in altcoins, because they really aren't the same as Bitcoin.

But yeah, as you mentioned, it's a bit of a gamble, like going to the casino. Although the casino always wins. Keep that in mind.

[Call_Me_Guru]

~snip~
Owning Bitcoin is always good, so you decided that correctly. Selling altcoins for it is okay, but if you want to play with higher gains or losses, then you should buy and sell altcoins. This is in most cases but with a lot of luck, you can also play at the roulette table something. On the other way, you will be very happy if you have bought a coin that has made a x10 and more. With bitcoin it will be less in the comparable time, but a more security not to lose everything, and with bitcoin you can be sure that it is denzentral.

The thing is that altcoins are basically centralized companies with no regulations or protections to the owners.

You can easily lose 100% of your money in altcoins, because they really aren't the same as Bitcoin.

But yeah, as you mentioned, it's a bit of a gamble, like going to the casino. Although the casino always wins. Keep that in mind.

Bitcoin is the best but the use of altcoins can be a good investment opportunity, the problem is that the holders should not completely rely on one altcoin but many so that when one betrays the others will be there. Altcoins have their advantages in crypto investment, some will earn very fast return when Bitcoin will be moving with a snail speed. Nothing is bad in having your Bitcoin and altcoins altogether, is a way to reduce your dependency on one, you may only let your bictoin to be more for the safety of the investment to be high.

Altcoins are not private and the decentralization of many of them is a lie and many of them can lead the owner to sudden bankruptcy when they decided to be seized for any reason. But not every of them, some are decentralized and offer you the privacy you desire.

[Inwestour]

Owning Bitcoin is always good, so you decided that correctly. Selling altcoins for it is okay, but if you want to play with higher gains or losses, then you should buy and sell altcoins. This is in most cases but with a lot of luck, you can also play at the roulette table something. On the other way, you will be very happy if you have bought a coin that has made a x10 and more. With bitcoin it will be less in the comparable time, but a more security not to lose everything, and with bitcoin you can be sure that it is denzentral.

Everyone is trying to mention that altcoins can give more profit, but not everyone says that not every altcoin is able to do this, there may be altcoins that will give even less profit than bitcoin and is it worth the risk and trying to find those very altcoins if you can just buy bitcoin.

It seems to me that the OP's decision to sell altcoins and buy bitcoin is a good decision. I would be interested to know the outcome of his decision in the bull market, whether it was correct, so that the OP writes us a summary of how the altcoins he sold were able to rise and how much profit bitcoin made, to find out if his decision was correct. Of course, this will not affect anything, but there is a certain interest in this, perhaps this would only confirm the confidence that this was the right decision.

[legendbtc]

Newcomers to this market share the same mindset that simply investing in Bitcoin will be a safer investment than altcoins. But over time, they forget their original goal because investing in bitcoin does not bring them back as fast and big as they thought. They will convert their Bitcoins into altcoins and lose money as a result. I used to be one of them too, but then I realized my mistake and sold my altcoin to buy back Bitcoin.
Currently, I still invest in some altcoins but don't put too much, only a small part, and if there is a loss, it won't affect my portfolio too much. Focusing mainly on bitcoin is always the perfect choice.

[Agbe]

Op your story is not clear for me. Bitcoin was first coin that came to this world and if anyone is interested in Cryptocurrency bitcoin would've been the first to invest and you leave bitcoin and invested in altcoins. Well that was your choice by then. And the worse part is that you were investing in altcoins and you don't know bitcoin until a friend of his adviced you and explained bitcoin to you. What an irony expression. But for your question, it is good for investing in bitcoin.

[Flexystar]

You are always better than being late in the Bitcoin Investment. It’s really good that you have switched from the Altcoins to Bitcoin. I would even recommend to keep buying more if you can afford any further investment as the whole world brace themselves for the Bitcoin Halving process. Don’t forget we are going to see more repeatative up and down cycles than the previous year because it’s gonna be complex market ahead. However, behold there is amazing pump that’s on our way once halving starts and miner reward goes down. To compensate the halved reward mostly price aggregates a lot. This is proven with previous halving processes. Hope so you will hang tight and don’t forget you have entered the market at just right time.

[AnonBitCoiner]

You sold your altcoins to buy bitcoin so this act refers that you have stronger believe on bitcoin and everyone hopes that it will rise very soon so as the price is currently more than 31k$ so there is an opportunity to be more worthy in coming months.

Bitcoin holders have much benefit this time but in my opinion no one will be in desire to sell now because they will be in patience to face more enhancement in price. Try to not share your data with others that is secret because of safety of your bitcoin and your money.

[axxo]

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?

No doubt that bitcoin is the best investment, selling alt coins and convert it to Bitcoin that is a good strategy that you had done. Your observation and thorough research had build your confidence to covert your altcoins into bitcoin. Bitcoin is good for your future just keep on holding it and for sure you will generate a good returns in the future specially if you have a good amount of investment. The higher the investment the higher rate of return and make sure that the amount you put in is the amount that you can afford to loose. It is better to use a hard wallet because trust wallet can be hacked as well.

[Hypnosis00]

You made a very good decision, that you invested in Bitcoin by selling alt coins. Because Bitcoin will give us higher returns. We won't get as much return from altcoins now, as much as Bitcoin will give us. Because the Bitcoin bull market will start in a few days. And that will  will reach the value of Bitcoin by around 100k. Many Bitcoin experts think that the price of Bitcoin can even reach 120k. In this you will see that you can achieve the biggest success of your life.

Talking about high returns, altcoins do as well. But if we talk about less risk and future assurance, Bitcoin offers more which is why it was recommended for long-term investment. Yes, many experts are saying it reaches high at $100k and more and it was possible but we never know when it comes. But for now, I was not thinking that amount, reaching $80k is a great price for Bitcoin already and another ATH.

So yes, what OP did is right - but I still suggest not just focusing on Bitcoin alone as it was better to share with potential altcoins like ETH and BNB.

[Kryptowerk]

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?

In general, good idea. Most altcoins will go to (almost) zero eventually, as they lack any additional value over the big players - and it's hard to guess when they'll go to zero.
The altcoin market has been in a big hole for quite a while, so it could be debateable if it would have been a better idea to wait for the next altcoin bullrun and convert to BTC then. That said, you never know if some of these altcoins will ever recover and trying to time the market is what loses money for most.

Recarding storing your coins. Please check the wallet section of bitcointalk. https://bitcointalk.org/index.php?board=37.0
And make sure to use an open-source and community-verified wallet instead of trust wallet, especially for storing Bitcoin.
Also, buying a hardwarewallet (Trezor or similar, I don't recommend Ledger) is recommended long term for most users.

You can also check your wallet's security via this website: https://walletscrutiny.com/

[Ahli38]

~snip~
Owning Bitcoin is always good, so you decided that correctly. Selling altcoins for it is okay, but if you want to play with higher gains or losses, then you should buy and sell altcoins. This is in most cases but with a lot of luck, you can also play at the roulette table something. On the other way, you will be very happy if you have bought a coin that has made a x10 and more. With bitcoin it will be less in the comparable time, but a more security not to lose everything, and with bitcoin you can be sure that it is denzentral.

The thing is that altcoins are basically centralized companies with no regulations or protections to the owners.

You can easily lose 100% of your money in altcoins, because they really aren't the same as Bitcoin.

But yeah, as you mentioned, it's a bit of a gamble, like going to the casino. Although the casino always wins. Keep that in mind.

But basically the majority of us all would still like to be involved in altcoins. Well we love Bitcoin and invest long term in bitcoin. But there's nothing wrong with us having special funds for us to make capital in trading altcoins.

I personally engage in daily trading which of course is mostly in altcoins. Altcoins have a high risk but also worth the benefits offered. but one thing to remember is that altcoins are not for the long term but only for short and medium term trading. only buy when there is an issue there will be an event. and sell it when the event starts (peak hype). More analysis needs to be done if you want to get into altcoins. because we really have to pay attention to market sentiment and altcoin fundamentals. and technical analysis we also have to master firmly for decision making.

But remember to play in Altcoins it's better to only use a small portion of our capital. And the funds used must also be cold money. I personally also keep limiting the amount of capital I use in trading altcoins. because most of my assets in crypto are stored in long term investment in bitcoin.

[puloweh555]

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

Your decision to sell Altcoin and buy Bitcoin is correct, because Bitcoin is a crypto asset with the highest value, is popular, and the fundamentals are clear to show long-term profits, of course, very promising. But Altcoins also give us a lot of advantages as long as we are good at analyzing the fundamentals, of course, accompanied by extensive knowledge about altcoins. but to invest safely the right choice is bitcoin.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?[/size]

Many have suggested recommendations for safe wallets to store bitcoins. You have to research for yourself which one is right for you. Then Wallet is safe but there is still something even safer for storing bitcoins for a long time, only thing to remember is don't store bitcoins on exchanges.

[nullama]

~snip~
But basically the majority of us all would still like to be involved in altcoins. Well we love Bitcoin and invest long term in bitcoin. But there's nothing wrong with us having special funds for us to make capital in trading altcoins.

I personally engage in daily trading which of course is mostly in altcoins. Altcoins have a high risk but also worth the benefits offered. but one thing to remember is that altcoins are not for the long term but only for short and medium term trading. only buy when there is an issue there will be an event. and sell it when the event starts (peak hype). More analysis needs to be done if you want to get into altcoins. because we really have to pay attention to market sentiment and altcoin fundamentals. and technical analysis we also have to master firmly for decision making.

But remember to play in Altcoins it's better to only use a small portion of our capital. And the funds used must also be cold money. I personally also keep limiting the amount of capital I use in trading altcoins. because most of my assets in crypto are stored in long term investment in bitcoin.

You can count me out of that "majority".

altcoins are just gambling shitcoins.

Everyone can spend their money however they want though, so go ahead and buy some amazing altcoins.

[yohananaomi]

of course everyone really hopes to be able to invest in bitcoin and you have tried to do that, but you are selling altcoins to be able to get bitcoins where actually the altcoins you are selling are not necessarily not as good as bitcoin, it must be remembered that there are altcoins that are also capable of providing good profits lure.

You should also know that investing in bitcoin must be with large enough funds, in order to generate maximum profits, because the price of bitcoin is high enough, if you have small funds it is better to invest in altcoins only. you've done that, I appreciate what you did but it's just my suggestion, now what you need to do is continue to be able to add funds to make further purchases, in order to have the maximum amount, because the upgrade time is still quite long.

[Kelvinid]

You should also know that investing in bitcoin must be with large enough funds, in order to generate maximum profits, because the price of bitcoin is high enough, if you have small funds it is better to invest in altcoins only. you've done that, I appreciate what you did but it's just my suggestion, now what you need to do is continue to be able to add funds to make further purchases, in order to have the maximum amount, because the upgrade time is still quite long.

There are no such rules in crypto investment that if you have only small capital you will invest in altcoins and if you have huge capital you will go for Bitcoin. I don't know where you get that.  Because you can buy Bitcoin using our small capital and besides, it was not only it matters on the capital on how much you possibly earn but also on how you manage it and it was still the same from investing altcoins.

It was encouraged to buy Bitcoin no matte what you have because it was a reliable investment. If we aim for less risk, then this is the best choice.

[serjent05]

~snip~
But basically the majority of us all would still like to be involved in altcoins. Well we love Bitcoin and invest long term in bitcoin. But there's nothing wrong with us having special funds for us to make capital in trading altcoins.

I personally engage in daily trading which of course is mostly in altcoins. Altcoins have a high risk but also worth the benefits offered. but one thing to remember is that altcoins are not for the long term but only for short and medium term trading. only buy when there is an issue there will be an event. and sell it when the event starts (peak hype). More analysis needs to be done if you want to get into altcoins. because we really have to pay attention to market sentiment and altcoin fundamentals. and technical analysis we also have to master firmly for decision making.

But remember to play in Altcoins it's better to only use a small portion of our capital. And the funds used must also be cold money. I personally also keep limiting the amount of capital I use in trading altcoins. because most of my assets in crypto are stored in long term investment in bitcoin.

You can count me out of that "majority".

altcoins are just gambling shitcoins.

Everyone can spend their money however they want though, so go ahead and buy some amazing altcoins.

I believe I am one of those majority that believes that there is profit and loses in shitcoins.  .  I know Bitcoin is the best choice among the cryptocurrency but there are lots of profits that can still be made from altcoins if we are knowledgeable enough on what to do but there is no denying that there is tantamount of risk to be faced when dealing with altcoins.

You should also know that investing in bitcoin must be with large enough funds, in order to generate maximum profits, because the price of bitcoin is high enough, if you have small funds it is better to invest in altcoins only. you've done that, I appreciate what you did but it's just my suggestion, now what you need to do is continue to be able to add funds to make further purchases, in order to have the maximum amount, because the upgrade time is still quite long.

There are no such rules in crypto investment that if you have only small capital you will invest in altcoins and if you have huge capital you will go for Bitcoin. I don't know where you get that.  Because you can buy Bitcoin using our small capital and besides, it was not only it matters on the capital on how much you possibly earn but also on how you manage it and it was still the same from investing altcoins.

Probably he is comparing buying a whole of coins of Bitcoin and a whole of coins of certain cheap altcoins.  If that is the case, it is indeed needed a huge amount of money to buy Bitcoin but, we all know that Bitcoin can be bought in fraction, so it is wrong to believe that we need huge amount ofmoney to participate in Bitcoin trading.  We can even buy $10  worth of BTC and start our trading or investment journey.

It was encouraged to buy Bitcoin no matte what you have because it was a reliable investment. If we aim for less risk, then this is the best choice.

Bitcoin is the best investment in the cryptocurrency industry because of its high liquidity and merchant adoptability.