I sold the altcoins and invested in Bitcoin"

[Mauser]

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

Taking profits in the Alt coin market is not a bad idea and like you I also like to add any profits to my bitcoin holding. For me the main investment is still bitcoin and I evaluate any other crypto currencies in relation to the change of the bitcoin price. In my opinion alt coins are more risky than bitcoins and should therefore offer us a higher return. To avoid bigger losses it's good to take profits and grow our bitcoin investment. Why not use any new money that you want to invest in cryptos to buy new altcoins? Like that you can rebuild a diversified portfolio while having the majority of your money in bitcoins. The halving next year in bitcoins is going to bring new positive incentives and should push the price higher. As long as you are not switching back to fiat money you are doing nothing wrong.

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[nullama]

~snip~
Taking profits in the Alt coin market is not a bad idea and like you I also like to add any profits to my bitcoin holding. For me the main investment is still bitcoin and I evaluate any other crypto currencies in relation to the change of the bitcoin price. In my opinion alt coins are more risky than bitcoins and should therefore offer us a higher return. To avoid bigger losses it's good to take profits and grow our bitcoin investment. Why not use any new money that you want to invest in cryptos to buy new altcoins? Like that you can rebuild a diversified portfolio while having the majority of your money in bitcoins. The halving next year in bitcoins is going to bring new positive incentives and should push the price higher. As long as you are not switching back to fiat money you are doing nothing wrong.

Yeah, but that kinds reflects the point that altcoins is similar to a casino. Yeah, it's great if you win in the roulette and put that extra money into Bitcoin. But the more probable result is that you're going to lose your money.

Only the people that control the altcoins and casinos are the ones that most probably will get a profit. That's the beauty of Bitcoin, there's no centralized person or entity that runs it.

[cryptodude]

I'd say it's definitely a job well done by you. Altcoins can quickly make you greedy and destroy your wealth. Must invest in Bitcoin for the long term. Bitcoin will give you good things that you can't even imagine.

[Mate2237]

Which of the altcoins did you sell to buy bitcoin. Yes bitcoin is the king among all the cryptocurrencies and it is good to invest in bitcoin but investing in other cryptocurrencies is also good so that you can know their differences. Upon all the volatility of Bitcoin it is still the best. You will only have peace when you have invested in bitcoin, because altcoins can not be trusted and if you are investing in altcoins, invest with small amount of money, so that if in case the coin collapsed it will not affect you much.

[superman184]

I'd say it's definitely a job well done by you. Altcoins can quickly make you greedy and destroy your wealth. Must invest in Bitcoin for the long term. Bitcoin will give you good things that you can't even imagine.

What makes someone greedy is not because someone has used altcoins, but because of their unwise attitude in using altcoins and hoping for high profits so they forget about the level of risk that exists in altcoins. Likewise with the good things that everyone can get, which does not mean they come from Bitcoin, but from the way someone treats and uses Bitcoin wisely.

Because if someone only has the initiative to sell Bitcoin when they see bearish in the market, I don't think anyone will get the benefits or good things that you say. The two things you said happened based on the behavior of the users themselves not from altcoins or Bitcoin, because altcoins and Bitcoin are just cryptocurrencies that everyone can own and use for the things they want, such as in the example of investing and also trading.

[Altryist]

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

Taking profits in the Alt coin market is not a bad idea and like you I also like to add any profits to my bitcoin holding. For me the main investment is still bitcoin and I evaluate any other crypto currencies in relation to the change of the bitcoin price. In my opinion alt coins are more risky than bitcoins and should therefore offer us a higher return. To avoid bigger losses it's good to take profits and grow our bitcoin investment. Why not use any new money that you want to invest in cryptos to buy new altcoins? Like that you can rebuild a diversified portfolio while having the majority of your money in bitcoins. The halving next year in bitcoins is going to bring new positive incentives and should push the price higher. As long as you are not switching back to fiat money you are doing nothing wrong.

Initially, altcoins were bought for some purpose and for some reason, it is obvious that the OP saw a perspective in them. It is difficult to say at the moment whether this decision is correct, since some altcoins are indeed able to show significantly higher growth than bitcoin. Yes, he can buy altcoins again with free money, but if the OP has now decided in favor of bitcoin, then it seems that the strategy will be to buy bitcoin.

[Lanatsa]

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

Taking profits in the Alt coin market is not a bad idea and like you I also like to add any profits to my bitcoin holding. For me the main investment is still bitcoin and I evaluate any other crypto currencies in relation to the change of the bitcoin price. In my opinion alt coins are more risky than bitcoins and should therefore offer us a higher return. To avoid bigger losses it's good to take profits and grow our bitcoin investment. Why not use any new money that you want to invest in cryptos to buy new altcoins? Like that you can rebuild a diversified portfolio while having the majority of your money in bitcoins. The halving next year in bitcoins is going to bring new positive incentives and should push the price higher. As long as you are not switching back to fiat money you are doing nothing wrong.

Initially, altcoins were bought for some purpose and for some reason, it is obvious that the OP saw a perspective in them. It is difficult to say at the moment whether this decision is correct, since some altcoins are indeed able to show significantly higher growth than bitcoin. Yes, he can buy altcoins again with free money, but if the OP has now decided in favor of bitcoin, then it seems that the strategy will be to buy bitcoin.

Decisions made whether right or wrong because it would really be only known if they would neither able to make profit or losses and this is why its not really that something that right if we do make out judgment on

whatever other people been doing on their decisions on their investment.If they have decided on touching altcoins to accumulate Bitcoin on selling out those coins then its not a bad idea on which we cant really be able to blame out people on doing such thing because nothing beats out Bitcoin when it comes to potential but there are some top altcoins which are that worth on investing into. This is why decisions made will
completely be random on each person because some would be sticking on alts and forgetting bitcoin and some would really be just focusing on Bitcoin alone and dont tend to touch up
altcoins because they arent really that confident on doing so.