It is only Bitcoin and nothing else

[Blitzboy]

For Alts market hype is Bitcoin price. See top Alts like Ethereum, there is not a single instance where we saw Ethereum going up despite the fact Bitcoin is down. To me there is no existence of crypto market without Bitcoin and that's why I think there is no point in diversifying your crypto portfolio. The diversification may work well in other trading markets like stock or forex but not here. I have this opinion after investing and losing heavily in alts. Just my few Satoshis. 

Diversification is necessary because sometimes people put money in new coins which offers a beneficial platform for them to get better revenue. We know that every other coin is totally dependent on bitcoin but we also know that how expensive bitcoin is.

Only few individuals are able and skilled to purchase bitcoin but most of the individuals living here are not moneyed enough to purchase bitcoin therefore when they hear about halving so they purchase multiple other coins as they know that halving absolutely will change the value of such coins in that direction in which bitcoin moves.

diversification in other field is also full of advantages like if a person is a part of business or job and at a same time continue his bitcoin investment then there will be a greater chance of successful diversification as if one market is down other will be up to offer you desirable outcomes.

Diversification is vital, indeed. But lets be clear here. Not all diversifications gives you. Some lead to a diversified portfolio of losses (lol). Yes, putting money in different coins could increase the opportunity. But lets not forget, other coins, despite their low price, they indeed riskier than bitcoin

Bitcoin's price is steep. However, its the most well-known, the one that most altcoins try to mimic the price. You mentioned halving and buying multiple other coins. Its a strategy, sure. But remember, halving events are already priced in, and the market reacts in its unpredictable ways.

Yes, having different income streams is beneficial. Bitcoin investment alongside a business or job? A good play. But diversification is not just about scattering funds. Its about smartly allocating them, understanding each asset's dynamics, and staying vigilant in the constantly shifting financial world.

[1714236773]

1714236773

[Dr.Bitcoin_Strange]

I still remember some of the project I invested in, and I can say the same that most of those project was turns into dust. They always promise something big like 'the next Bitcoin' or 'better than Ethereum' but none of them could deliver the promised product. This investment mostly happened on the ICO boom like 4 years ago, tho there might be some projects that actually booming, and the profit is quite satisfying, I still learned from those mistake, and now like more than 80% of my portfolio is on Bitcoin, and I barely invest in any new project.

Those who have experienced huge losses from those altcoins or shitcoins, surely they will never invest in them again to avoid another losses. But for those who are still new in the market, I still think they will still be deceive with those too good to be true altcoins. They’re actually cheap compared to bitcoin so if you invest because of greed, you will chose to invest in them and expect maximum profits.

One reason why some people fall victim to most of those altcoin projects is because of their greed to make too much profit due to the promises that are made by those projects. For example, during a project's ICO, they could have like two phases: the first phase, where they can decide to sell their coin for $0.4, and the second phase, where they could sell the coin for $0.08, after which they will make an announcement on their exchange listing date, where they can tell investors that the listing price will be $2 or $3, but investors will get disappointed that the token will later get listed even at a lesser price than the ICO price.

I don't like altcoins, and whoever's dealing with altcoins should be greatly aware that they are into a game of profit and loss, more like gambling.

[SmartGold01]

I don't like altcoins, and whoever's dealing with altcoins should be greatly aware that they are into a game of profit and loss, more like gambling.

I came across post that speaks about ICO period how it was scheme to extort investors their hand earned money and lot of people fell victim of it and projects owners were raising lots of money through ICO and IEO, IDO although I also made little research about it. After my research and knowledge gathered here so far I decided to distance whatever called altcoin especially those that are newly doing their sales in form of seeding and whatever they called fundraising, that's where most people got it twisted without knowing they are only being attracted to have their little savings stolen away from them. However I still give all my trust and reliability to bitcoin, I must not learned from what happened to others before it happens to me.

[JayJuanGee]

For Alts market hype is Bitcoin price. See top Alts like Ethereum, there is not a single instance where we saw Ethereum going up despite the fact Bitcoin is down. To me there is no existence of crypto market without Bitcoin and that's why I think there is no point in diversifying your crypto portfolio. The diversification may work well in other trading markets like stock or forex but not here. I have this opinion after investing and losing heavily in alts. Just my few Satoshis. 

Diversification is necessary because sometimes people put money in new coins which offers a beneficial platform for them to get better revenue. We know that every other coin is totally dependent on bitcoin but we also know that how expensive bitcoin is.
 

Nonsense.  Diversification is not necessary. You are repeating a lie in at least a couple of ways:  1) you are misusing the term diversification to suggest that it applies to shitcoins or to investing into assets that are already largely correlated to bitcoin and  2) the practice of diversification (if it is helpful) is most applicable accross industry sectors, not within the same industry (or sectors).. so think bitcoin, stocks, property, commodities, bonds and cash/cash equivalents.. shitcoins ar not a separate sector they are related to bitcoin... largely as affinity scams.

Only few individuals are able and skilled to purchase bitcoin but most of the individuals living here are not moneyed enough to purchase bitcoin therefore when they hear about halving so they purchase multiple other coins as they know that halving absolutely will change the value of such coins in that direction in which bitcoin moves.
 

That's dumb.

Just because others do it does not make it a good plan. or even make it necessary to do... sure you can fuck around with those coins on a short term basis, but it is not a good long term plan because you better know how to get in and out and how to not overallocate to such pump and dump crap.

diversification in other field is also full of advantages like if a person is a part of business or job and at a same time continue his bitcoin investment then there will be a greater chance of successful diversification as if one market is down other will be up to offer you desirable outcomes.

There is nothing wrong with the concept of diversification, especially once one might start to get to a level of savings/investments in which it starts to matter.. but overly diversification can also be a lack of focus.. so there should be some balance in terms of how much time, money and energies that people can spread themselves out in order to get such diversification balance which will also partly depend upon how much time money and energy they have too.. so it is not a given that diversification is a good idea for all people in all situations.

For Alts market hype is Bitcoin price. See top Alts like Ethereum, there is not a single instance where we saw Ethereum going up despite the fact Bitcoin is down. To me there is no existence of crypto market without Bitcoin and that's why I think there is no point in diversifying your crypto portfolio. The diversification may work well in other trading markets like stock or forex but not here. I have this opinion after investing and losing heavily in alts. Just my few Satoshis. 

There's actually point in diversifying your portfolios. The existence of one thing lead to another and so it is in the crypto space. Having all your eggs in one basket is not ideal. I'm not actually saying that bitcoin is going to fail you and the alt coin saving you or vice versa.

That is a dumb and a false premise.

Shitcoins are not going to save you if bitcoin fails.

The alt coins have their time and they're not in competition with bitcoin at all.

They might not be competing with bitcoin, but they are not adding you any kind of protection in the event that bitcoin were to go down.  Only ill-informed people think those kinds of things.. You have to really not know what bitcoin is if you are going to conclude that some shitcoin is going to succeed in the event that bitcoin is not doing well.

Alt coin are also not meant for long time holding like bitcoin but rather look for opportunity and milk from them when their time comes. But remember that whatever you do in crypto space is all about risk. It might work in your favor some time while some other time it may not work well for you. You just have to gamble, if you win you celebrate and if otherwise, you learn some lesson.

Another dumb reason to invest into something.. and you are admitting that shticoins are not an investment.  They are merely an in and out play.. so yeah, sure you can invest into some shitcoins, but it better not be more than 10% of the value of your bitcoin holdings, and maybe even 10% would be too much and  you surely are saying that if you do happen to fuck around with shitcoins you better know when to get in and when to get out, too.

Sure you are largely admitting that shitcoins are gambling, and surely gambling is not a very good investment approach.

[edited out]

Diversification is vital, indeed. But lets be clear here. Not all diversifications gives you. Some lead to a diversified portfolio of losses (lol). Yes, putting money in different coins could increase the opportunity. But lets not forget, other coins, despite their low price, they indeed riskier than bitcoin
 

Long term investors need to think about both upside and downside. not just upside.. so yeah if you are investing in shitcoins because you want upside, then surely you have to make sure that you are able to get out without getting too worried about holding them for the long term.. or hopefully not getting trapped into holding them longer than you should.

Bitcoin's price is steep. However, its the most well-known, the one that most altcoins try to mimic the price. You mentioned halving and buying multiple other coins. Its a strategy, sure. But remember, halving events are already priced in, and the market reacts in its unpredictable ways.

I doubt that the bitcoin halvening is priced in... and the fact that you are already admitting that the market reacts in unpredictable ways likely shows that the halvening is not priced in.

Yes, having different income streams is beneficial. Bitcoin investment alongside a business or job? A good play. But diversification is not just about scattering funds. Its about smartly allocating them, understanding each asset's dynamics, and staying vigilant in the constantly shifting financial world.

This makes some sense in terms of the tailoring that anyone should be attempting to perform when they decide the extent to which they should spread themselves out.

[Reatim]

Diversification is vital, indeed. But lets be clear here. Not all diversifications gives you. Some lead to a diversified portfolio of losses (lol). Yes, putting money in different coins could increase the opportunity. But lets not forget, other coins, despite their low price, they indeed riskier than bitcoin

Bitcoin's price is steep. However, its the most well-known, the one that most altcoins try to mimic the price. You mentioned halving and buying multiple other coins. Its a strategy, sure. But remember, halving events are already priced in, and the market reacts in its unpredictable ways.

Yes, having different income streams is beneficial. Bitcoin investment alongside a business or job? A good play. But diversification is not just about scattering funds. Its about smartly allocating them, understanding each asset's dynamics, and staying vigilant in the constantly shifting financial world.

We keep seeing people tells others to diversify but looking at the currency they are promoting are loads of shitcoins that mostly has no future at all.
they seems not to understand the meaning of safety investing ,  and with that Only can guaranteed with 100% sure of returning the favor though sometimes it may took years to taste.
even how high the price of bitcoin now , but purchasing the value or the amount you can afford to altcoin is the one that will make you a full secured and worth a wait investing.

[Marvell1]

Diversification is vital, indeed. But lets be clear here. Not all diversifications gives you. Some lead to a diversified portfolio of losses (lol). Yes, putting money in different coins could increase the opportunity. But lets not forget, other coins, despite their low price, they indeed riskier than bitcoin

Bitcoin's price is steep. However, its the most well-known, the one that most altcoins try to mimic the price. You mentioned halving and buying multiple other coins. Its a strategy, sure. But remember, halving events are already priced in, and the market reacts in its unpredictable ways.

Yes, having different income streams is beneficial. Bitcoin investment alongside a business or job? A good play. But diversification is not just about scattering funds. Its about smartly allocating them, understanding each asset's dynamics, and staying vigilant in the constantly shifting financial world.

We keep seeing people tells others to diversify but looking at the currency they are promoting are loads of shitcoins that mostly has no future at all.
they seems not to understand the meaning of safety investing ,  and with that Only can guaranteed with 100% sure of returning the favor though sometimes it may took years to taste.
even how high the price of bitcoin now , but purchasing the value or the amount you can afford to altcoin is the one that will make you a full secured and worth a wait investing.

People who say that investing in altcoins is diversification are people who don't know the meaning of diversification in investing, and they are just repeating what others have said. Everyone knows that the cryptocurrency market depends on bitcoin, if bitcoin falls then no altcoin will be able to rise, so what is diversification in this case?
Furthermore, is diversification really as good as many people are saying? I really don't see any use in it if our goal is to find the best profit. I mean, we all know bitcoin is the best rising asset and if we just invest 50% in them and 50% in gold. That doesn't help us maximize our profits, it only reduces our profits. On the contrary, if we focus 100% on bitcoin, our profits will be maximum. Diversification should only be applied when you have a large amount of capital and want safety over profits, it is not effective for small investors like us.

[apogio]

I think the number one rule that exists in investing is not "diversification" but rather "know what you own". Owning small altcoins just to make profit is gamble, unless you have strong fundamental conviction on why those altcoins are superior to other tokens. The same applies to stocks and fiat currencies.

Personally, when I buy an asset, I try to ask myself "why I think this asset will give me more financial freedom in the future?". I have extremely high conviction in Bitcoin for multiple reasons and I am a Bitcoin-only holder but! this doesn't mean I don't own other assets. Of course I do, but not from the cryptocurrency world. Diversification is indeed important, but buying altcoins doesn't mean you can diversify well enough.

Another point to be made is that most altcoins exist on Ethereum's blockchain. Here is a list: https://cryptoslate.com/blockchain/ethereum/. This instantly gives super power to Ethereum, which you must never forget, is PoS, meaning the highest bidder can change the rules.

[Altryist]

People who say that investing in altcoins is diversification are people who don't know the meaning of diversification in investing, and they are just repeating what others have said. Everyone knows that the cryptocurrency market depends on bitcoin, if bitcoin falls then no altcoin will be able to rise, so what is diversification in this case?
Furthermore, is diversification really as good as many people are saying? I really don't see any use in it if our goal is to find the best profit. I mean, we all know bitcoin is the best rising asset and if we just invest 50% in them and 50% in gold. That doesn't help us maximize our profits, it only reduces our profits. On the contrary, if we focus 100% on bitcoin, our profits will be maximum. Diversification should only be applied when you have a large amount of capital and want safety over profits, it is not effective for small investors like us.

That's right, if you want to share the risks, then you should not do it in altcoins, which will most likely only increase your risk of losing money, but these should be more reliable investments. I believe that the main idea is to transfer the profits from cryptocurrencies to more conservative investments, business, real estate or other sources with which you are familiar. Often, everything happens the other way around: people make a profit in the real sector and transfer money to crypto, and it’s good if it’s Bitcoin.

[legendbtc]

I still remember some of the project I invested in, and I can say the same that most of those project was turns into dust. They always promise something big like 'the next Bitcoin' or 'better than Ethereum' but none of them could deliver the promised product. This investment mostly happened on the ICO boom like 4 years ago, tho there might be some projects that actually booming, and the profit is quite satisfying, I still learned from those mistake, and now like more than 80% of my portfolio is on Bitcoin, and I barely invest in any new project.

Those who have experienced huge losses from those altcoins or shitcoins, surely they will never invest in them again to avoid another losses. But for those who are still new in the market, I still think they will still be deceive with those too good to be true altcoins. They’re actually cheap compared to bitcoin so if you invest because of greed, you will chose to invest in them and expect maximum profits.

One reason why some people fall victim to most of those altcoin projects is because of their greed to make too much profit due to the promises that are made by those projects. For example, during a project's ICO, they could have like two phases: the first phase, where they can decide to sell their coin for $0.4, and the second phase, where they could sell the coin for $0.08, after which they will make an announcement on their exchange listing date, where they can tell investors that the listing price will be $2 or $3, but investors will get disappointed that the token will later get listed even at a lesser price than the ICO price.

I don't like altcoins, and whoever's dealing with altcoins should be greatly aware that they are into a game of profit and loss, more like gambling.

The altcoin market is not like gambling, more precisely, it is pure gambling disguised as investment. I find it funny that even traditional companies with solid potential like Apple or Google. They all have real products and are making billions of dollars every day, but they have never dared to confirm to shareholders that they will definitely be profitable. Meanwhile, cryptocurrency projects have no specific products other than ideas listed on paper, always affirms that it will bring high profit rates to investors, LOL.

Altcoins are gambling and if anyone wants to get rich quickly they can throw money into it, but don't regret losing or blame bitcoin as a scam after losing money with altcoins.

[Out of mind]

Bitcoin is the only coin to hold for a long time to earn from cryptocurrency. A person can earn good amount from Bitcoin if he invests for a long time. There were many tokens in the past that are now dead, and investors who invested in those tokens lost a lot of money. Most shitcoins pump for a short period of time, but later those coins turn into scams, once those coins die they have no value. That's why if you want to make a video, you must think about it. If we invest for the purpose of making a profit, we can never invest in any other coin except Bitcoin. Investing in Bitcoin alone is possible to make a profit, and will always incur losses and lose money.

[Zoomic]

Bitcoin is the only coin to hold for a long time to earn from cryptocurrency. A person can earn good amount from Bitcoin if he invests for a long time. There were many tokens in the past that are now dead, and investors who invested in those tokens lost a lot of money. Most shitcoins pump for a short period of time, but later those coins turn into scams, once those coins die they have no value. That's why if you want to make a video, you must think about it. If we invest for the purpose of making a profit, we can never invest in any other coin except Bitcoin. Investing in Bitcoin alone is possible to make a profit, and will always incur losses and lose money.

Many coins have tried to compete with BTC in the past but they all failed. Even some hi cap altcoins you think will never die easily, they also fade away sometimes. But one thing about Bitcoin is that it is always there and always strong. Even when people will say that bitcoin is dead, it will prove them wrong and resurrect. Bitcoin has died so many times.
Anyone who doesn't want to gamble with their money should embrace bitcoin as many altcoins are just gambling coins which might give you big profit today and mare you tomorrow.

[ektotanes]

I realized a long time ago that no crypto other than bitcoin is trustworthy. You can try your luck and invest in a funny token, but most likely you will be left with nothing.

[ginsan]

Bitcoin is the only coin to hold for a long time to earn from cryptocurrency. A person can earn good amount from Bitcoin if he invests for a long time. There were many tokens in the past that are now dead, and investors who invested in those tokens lost a lot of money. Most shitcoins pump for a short period of time, but later those coins turn into scams, once those coins die they have no value. That's why if you want to make a video, you must think about it. If we invest for the purpose of making a profit, we can never invest in any other coin except Bitcoin. Investing in Bitcoin alone is possible to make a profit, and will always incur losses and lose money.

Bitcoin is an asset that we should have for the future. Because Bitcoin has a limited supply and of course if Bitcoin has been completely mined. Then we will see big changes occur, either it will increase the price of Bitcoin due to soaring demand, or it will become increasingly difficult to get because holders will hold onto their Bitcoin and don't want to sell at a cheap price. So in this context we can take advantage of the opportunity to continue buying and holding Bitcoin while Bitcoin is still below its highest price.

In fact, if you look at what has happened so far, of course the Altcoin holders have experienced huge losses because coin prices have fallen by almost 99%, such as Luna and FTX . So forget altcoins and choose Bitcoin as the safest asset for us to invest in the long term. I even see that many of those who entered from 2015 or above are now making quite large profits from holding Bitcoin for a long period of time. So there's nothing wrong with following their steps by buying and holding in the long term.

[red4slash]

Bitcoin is the only coin to hold for a long time to earn from cryptocurrency. A person can earn good amount from Bitcoin if he invests for a long time. There were many tokens in the past that are now dead, and investors who invested in those tokens lost a lot of money. Most shitcoins pump for a short period of time, but later those coins turn into scams, once those coins die they have no value. That's why if you want to make a video, you must think about it. If we invest for the purpose of making a profit, we can never invest in any other coin except Bitcoin. Investing in Bitcoin alone is possible to make a profit, and will always incur losses and lose money.

Many coins have tried to compete with BTC in the past but they all failed. Even some hi cap altcoins you think will never die easily, they also fade away sometimes. But one thing about Bitcoin is that it is always there and always strong. Even when people will say that bitcoin is dead, it will prove them wrong and resurrect. Bitcoin has died so many times.
Anyone who doesn't want to gamble with their money should embrace bitcoin as many altcoins are just gambling coins which might give you big profit today and mare you tomorrow.

I have never seen any altcoin trying to compete with bitcoin because in the end if this is likened to a caste system the actual difference remains very different because bitcoin is the king and altcoins are only able to follow not rival.
That is a definite condition because since I have known crypti no one can really compete with bitcoin as a whole because they will not be able to.
Saying bitcoin is dead is just one of the alibis where those who can't get bitcoin at low prices and they start trying to attack some weak people in holding bitcoin to sell their assets.

[JayJuanGee]

Bitcoin is the only coin to hold for a long time to earn from cryptocurrency. A person can earn good amount from Bitcoin if he invests for a long time. There were many tokens in the past that are now dead, and investors who invested in those tokens lost a lot of money. Most shitcoins pump for a short period of time, but later those coins turn into scams, once those coins die they have no value. That's why if you want to make a video, you must think about it. If we invest for the purpose of making a profit, we can never invest in any other coin except Bitcoin. Investing in Bitcoin alone is possible to make a profit, and will always incur losses and lose money.

Bitcoin is an asset that we should have for the future. Because Bitcoin has a limited supply and of course if Bitcoin has been completely mined. Then we will see big changes occur, either it will increase the price of Bitcoin due to soaring demand, or it will become increasingly difficult to get because holders will hold onto their Bitcoin and don't want to sell at a cheap price. So in this context we can take advantage of the opportunity to continue buying and holding Bitcoin while Bitcoin is still below its highest price.

In fact, if you look at what has happened so far, of course the Altcoin holders have experienced huge losses because coin prices have fallen by almost 99%, such as Luna and FTX . So forget altcoins and choose Bitcoin as the safest asset for us to invest in the long term. I even see that many of those who entered from 2015 or above are now making quite large profits from holding Bitcoin for a long period of time. So there's nothing wrong with following their steps by buying and holding in the long term.

There is a power within compounding and exponentials... so if the BTC price is going up through the years, and maybe not very clearly over a few years, but over a cycle or two, you are able to see a kind of stablizing and building upon itself in such a way that after a certain passage of time, it becomes quite difficult to push the BTC price below certain price points. 

So for example in 2013, when I first got into bitcoin it was likely becomeing more and more difficult to go below $100, and then after the BTC price went up to $1,163 and then corrected back down into the $100s.. it started to become quite difficult for the price to even go below $200.. .. even though bitcoin naysayers were proclaiming that we would be seeing double digit bitcoin. .but it did not end up happening.. .and the same was true after 2017 when people were proclaiming that we would be seeing BTC prices in the $1,000-ish arena, and the lowest it got was $3,124.. and even had a lot of that time that it was mostly above $6k, and probably the same is becoming true in regards to $20k being much more difficult to breach.. but surely $10k is difficult to breach, and if you have been into bitcoin for a while, then you likely have been accumulating BTC for quite lower prices, and there were many opportunities to accumulate bitcoin for less than $10k before late 2020.. and even if there were periods above $10k, there were a hell of a lot of opportunties to accumulate bitcoin below $10k prior to late 2020.. so it seems quite likely that sub - $10k coins is gone forever...   ..

and there is also likely going to be a time in which sub $30k coins are no longer a possibility.. even though we cannot really know how long it is going to take before we can start to feel a certain level of confidence that the BTC price will never go below $30k again.. just likely we can have a certain amount of increasing levels of confidence that BTC prices will never go below $10k, $1k, and/or $100... It is not guaranteed.. but fairly high levels of confidence begin to develop with the further distance that the BTC price gets from those prices and also that certain lower prices become harder and harder to achieve.. and it surely already could be the case that sub $20k will never be seen again, even though a lot of people seem to be thinking that sub-$20k has decent odds of happening... but we are already below the 200-week moving average for extended periods of time (which is currently at $27,903 and going up at nearly $14 per day), and it is just starting to seem unrealistic to be expecting BTC prices to even stay below the 200-week moving average for as much time as it has already been spending below the 200-week moving average in the last year and a half.

[Kelvinid]

I have never seen any altcoin trying to compete with bitcoin because in the end if this is likened to a caste system the actual difference remains very different because bitcoin is the king and altcoins are only able to follow not rival.
That is a definite condition because since I have known crypti no one can really compete with bitcoin as a whole because they will not be able to.
Saying bitcoin is dead is just one of the alibis where those who can't get bitcoin at low prices and they start trying to attack some weak people in holding bitcoin to sell their assets.

I consider ETH to be different among the altcoins that we usually think about. But of course, Bitcoin seems to be the leading coin in the crypto space which allows a holder to earn a profit, unlike those project that looks promising, raising millions during pre-sale but has no substantial to continue growing. This is the reason why we become confident of accumulating Bitcoin despite the risk because of such profitability features that most altcoins don't have. Though I invested a few altcoins, still Bitcoin got huge chunks of my investment capital.

[zaim7413]

You are not the only person going through a similar experience, there are so many others who may have suffered worse as a result of misplacing their money. Many trends have passed with various fundamentally weak coins, DEFI, NFT and other shitcoins, almost the majority of these coins have disappeared from circulation which has caused huge losses for investors.

Only Bitcoin, always Bitcoin and forever Bitcoin will be a safe store of value. When you have a suitable and safe place to store value, never ignore it because everything else is just temporary hype. Meanwhile, Bitcoin has been proven to be able to withstand major shocks such as difficult times during Covid and other negative news spread by parties who feel their business is threatened by the presence of Bitcoin.

[JayJuanGee]

I have never seen any altcoin trying to compete with bitcoin because in the end if this is likened to a caste system the actual difference remains very different because bitcoin is the king and altcoins are only able to follow not rival.
That is a definite condition because since I have known crypti no one can really compete with bitcoin as a whole because they will not be able to.
Saying bitcoin is dead is just one of the alibis where those who can't get bitcoin at low prices and they start trying to attack some weak people in holding bitcoin to sell their assets.

I consider ETH to be different among the altcoins that we usually think about.

Yes.. ethereum is different from the vast majority of other shitcoins because it is the mother shitcoin out of whose asshole many other shitcoins flow. (thank Saifedean Ammous for this expression)  Does not make ethereum very special in terms of not being a shitcoin, being worthy to invest into in the long term and/or not being vulnerable towards going to zero quickly.

But of course, Bitcoin seems to be the leading coin in the crypto space which allows a holder to earn a profit,

You are already starting out bad in your description of what bitcoin is.  

bitcoin is not merely a leading coin.. it is the coin that set forth the standard, and the other various shitcoins are trying to emulate it or to proclaim that they are better, and maybe they are not really doing anything but figuring out a way to print their own coin to make founders and other early adopters rich in the style of various ponzi schemes.

So bitcoin is in another category. .to the extent that it cannot be replicated in ways that shitcoiners try to set forth as if it were actually possible.

unlike those project that looks promising, raising millions during pre-sale but has no substantial to continue growing. This is the reason why we become confident of accumulating Bitcoin despite the risk because of such profitability features that most altcoins don't have. Though I invested a few altcoins, still Bitcoin got huge chunks of my investment capital.

I agree with this last part of your post.. even though from my perspective the set up in order to reach your conclusions was not that great.. but hey whatever, you do you... and I will do me and object from time to time.

[Negotiation]

Bitcoin is the best currency to invest in the crypto market and long term investment yields good returns while investing in any other currency is far less certain. Altcoins rise in value depending on bitcoin. There are many sheet coins in the crypto market they do not last long in the market investors suffer a lot if they invest they lost everything. Therefore, you should have a good idea about which currency to invest in know when that currency comes to the market how much the maximum market rate has risen what kind of profit will be available in the future. Bitcoin is the world's future finance in cryptocurrencies investing in this field is definitely a smart thing to do. Even if other currencies are threatened there is no negative impact on bitcoin.

[Raflesia]

You are not the only person going through a similar experience, there are so many others who may have suffered worse as a result of misplacing their money. Many trends have passed with various fundamentally weak coins, DEFI, NFT and other shitcoins, almost the majority of these coins have disappeared from circulation which has caused huge losses for investors.

Therefore, it is important for us to realise our initial intention whether we want to invest or gamble in the hope that the shitcoin purchased will get a pump.
I certainly did the first option because at the end of the day when we talk about investing in cryptocurrency then there is nothing more suitable apart from bitcoin and that is the only thing we should realise.
There is no need to give a lot of reasons to know this because there is already a lot of evidence that with bitcoin in our hands we are actually comfortable investing. I always say things like this because I have felt that bitcoin helps my finances better even though I may still not be categorised as a rich person because of bitcoin but when my needs are met from my investment in bitcoin then that is enough to make evidence and confidence in bitcoin even greater.