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Kensure (OP)
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November 12, 2023, 05:28:42 PM
 #1

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
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November 12, 2023, 05:33:55 PM
 #2

Simply because you don't need to own one(1) full bitcoin to take advantage of it, it's like saying buying a gold bar is expensive so instead of buying a few grams of gold, you're going to buy a turd instead.

And I personally don't even have an issue with alts — but XRP? What's your thesis?

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November 12, 2023, 05:38:30 PM
 #3

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

You don’t need to purchase whole bitcoin to hold it. You can simply purchase few Satoshi and still benefit on its price growth in proportion to your holdings instead of buying shitcoins with low price but has a massive supply.

Bitcoin supply is limited while most of the shitcoins is still has a lot to be added on the circulating supply. You can suffer huge loss on shitcoins because they are more volatile due than Bitcoin so you should stick to Bitcoin since you are still a newbie. A 10% gain on Bitcoin is still the same 10% gain on altcoins with much cheaper price.

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November 12, 2023, 05:39:42 PM
 #4

Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it.
Do you mean you've bought or you want to buy some Bitcoin? It's true, currently the price of Bitcoin is still within the range of 36k-37k which might seem high for the now. If you are considering buying it will be advisable to do so now because we are currently experiencing a bull market now and it's price might be higher than what it is today. It's usually adviced to purchase Bitcoin during the dip and hodl till the ath but the price you see today might be the dip  tomorrow, so If you have the money to buy, do so without wasting time.

 I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
There are other cryptocurrencies you might consider, but it's generally not recommended because most altcoins are more volatile and less valuable than Bitcoin. So, investing in Bitcoin might be your best option. Right now, it's crucial to learn how to keep your coins safe and secure.

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November 12, 2023, 05:44:49 PM
 #5

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin.

I would be careful with XRP and actually with the vast majority of altcoins (if not all). They tend to have the bad habbit of not being a viable long (and very long) term investment.

Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

Indeed, Bitcoin price can look scary. But as said, you don't have to buy one entire Bitcoin.
Plus, since you probably didn't start learning long ago, you may want to understand properly how to keep your coins really safe before investing big bucks in it. So starting with small steps is not that bad.

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November 12, 2023, 05:49:58 PM
 #6

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
I really understand your situation because I have been there before. I will advice you to start building your Bitcoin portfolio no matter how small you start but be consistent in it. Like people already commented, you must not start with 1 BTC, just little fractions and done consistently will do the magic.

If you are intentional about it, set aside small percentage of every funds you earn to be injected into Bitcoin in such a way that you will not be pressured to sell it. Do thus for few years from now and see where you will be in the future in regards to your Butcoin portfolio. 

R


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November 12, 2023, 06:00:39 PM
 #7

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it.

When I first heard about bitcoin people also said the price was too high, 2000 usd.

Also, XRP price looks low, but that is not what you should look. Don't look at the price  but at the marketcap (price * amount of coins)
And xrp marketcap is much hight than it looks like.

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November 12, 2023, 06:21:39 PM
 #8

I have a little knowledge but I need a guide.
<cut>

And yet, you have no problem sharing your technical analysis around like you're a professional trader. So, which of these two posts of yours is fake?

At the start of this year. I predicted three cryptocurrency that will have a rise before the end of the year and Ripple is one of them. Even though I never invested in it but am happy for my friends that took my advice

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November 12, 2023, 06:51:26 PM
 #9

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
It is better for you to cut the crab and start your investment plans by creating an opportunity for investment. What I really mean is for you to get your portfolios started as you are getting to know about Bitcoin. You can't just sit down and keep learning about Bitcoin. You also have to keep some coins in your crypto wallet because the coins in your wallet will help you learn more about Bitcoin.
However, if you are trying to tell us that Bitcoin's price is high and that is why you are procrastinating to buy Bitcoin, that means you also have to get ready for the price if Bitcoin hits $60k and above within a short term.
So you better start buying and don't just keep your eyes on the price, although I don't really believe in altcoins, because those coins are not meant to be trusted.

R


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November 12, 2023, 06:53:54 PM
 #10

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
Perhaps why almost everyone is hammering on Bitcoin investment is because it's the surest of the pack not to disappear into thin air. If you talk of great ROI, Bitcoin won't give as much as some of the altcoins will give within a space of two years but it's the only coin one can buy and go to sleep with both eyes firmly closed. There's a reason Bitcoin is often recommended to newbie investors and that's to keep them away from heartbreak that will arise from loss. Talking about XRP, just be careful. It's the only top altcoin from way back in 2017 till date I've refused to buy and hodl. There's something about it I don't like.

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November 12, 2023, 07:35:55 PM
 #11

It is not as difficult to make any decision here. Bitcoin should be the first on your list. Most newbies get distracted by shitcoins and would eventually return to bitcoin when they learn their lessons the hard way. Bitcoin requires no stress if you investing using DCA and stay true to it.

As for the altcoin, you do not need to dump it just yet but do not invest anymore in it. Just hold it and watch the pump and dump season with the altcoins when it comes. And let it be a reminder that bitcoin remains king.

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November 12, 2023, 07:56:33 PM
 #12

Currently people only talk about Bitcoin but the price is very high for me to afford investing in it.
The price is not really high, and I hope you won't be filled with regret in the nearest future for not investing now. You don't need to gather all the money you have to buy Bitcoin, you can do a DCA and be stacking gradually based on your financial strength.

I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
Bitcoin has been tested and trusted that's why it's the most talked about coin. It's better to invest in Bitcoin that will double, triple, or quadruple your investment than to invest in a fake altcoin that promises to do x100, and the project owner eventually rugpulls.  

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November 12, 2023, 08:06:48 PM
 #13

People still talk about other cryptocurrencies but bitcoin has the highest marketcap, the most dominant, the most decentralized and it has the strongest blockchain. So, expect it to dominate others even while talking about cryptocurrencies.

Currently people only talk about Bitcoin but the price is very high for me to afford investing in it.
Did you know that you can buy $100 worth of bitcoin or less? You do not have to buy 1 bitcoin.

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November 12, 2023, 08:12:59 PM
 #14

I know that other people have told you what to do and I will also like to add my. Concerning the price and the time to buy, I will say the time to buy is still okay for now. Bitcoin is still on it growing level to the ATH so if you have the money, you should buy now because the price will definitely pass $40+k and bitcoin is still $37k and the last ATH was $69k and this coming ATH will more than that 2021 ATH so if you buy now the finally the price hit the ATH of $80+k, you will be smiling. And bitcoin is the best to invest in so focus on bitcoin more but you can diversify your investment but take bitcoin as your priority investment.
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November 12, 2023, 08:21:41 PM
 #15

Currently people only talk about Bitcoin but the price is very high for me to afford investing in it.
1 Bitcoin current purchase price . It is very expensive for people who don't have money to buy 1. Being able to buy 0.0001 or an amount of money that allows you to buy altcoins, over time it will become 1 BTC and it won't feel expensive.

I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
Because Bitcoin is the currency with the best long-term hedge, it is worthy of being an investment asset. Being serious about learning will gradually make you discover why Bitcoin is so worth it.


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November 12, 2023, 08:54:31 PM
Merited by The Sceptical Chymist (3)
 #16

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
The price of bitcoin is not too high, and you can buy fractions of Bitcoin with any amount of money you set aside for Bitcoin investment.

Since you are new to Bitcoin, I will advise you to learn about Bitcoin and how it works here, learn about Bitcoin keys and address, wallets and others before you fully start buying your Bitcoin.

XRP and any other coins apart from Bitcoin are all altcoins, and they are worth thorough research before investing in them because, unlike Bitcoin, they are centralized while Bitcoin is decentralized.

Finally, understand the risk behind all investment including Bitcoin investment before starting, and you should invest the money you can afford to lose.

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November 12, 2023, 08:57:05 PM
 #17

Currently people only talk about Bitcoin but the price is very high for me to afford investing in it.

I do not get why some folks think Bitcoin is too pricey to buy into right now.  But let us think this through - what happens if the price goes back to 69k? Or 100k? Or more? Seems like waiting for the right price could backfire big time. 

The cool thing with bitcoin (and crypto in general) is that you can invest however much or little as you want.  Whether we are talking about a single dollar or a million bucks.  Either way, you will get some amount of Bitcoin for your buy. Say you have got 370 bucks ready to deploy right this second.  The question becomes: is it better to get 0.01 BTC or 660 XRP? Id go with the 0.01 Bitcoin, personally.

I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

Look, taking it slow and learning the basics first is smart.  Crypto world is nuts these days and  rushing in might not end well.  Better to go step-by-step so when its time to jump in you will be ready to rock.  More fulfilling that way.

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November 12, 2023, 09:33:27 PM
 #18

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

There's nothing wrong about buying Bitcoin as opposed to XRP simply the because the price is several thousands. That's exactly the reason why the concept of sats exist. So you don't have to buy 1 Bitcoin to join the bandwagon. Even smaller denominations count. Another point I wanted to point out is that you should take out time to gather enough research to back up whatever decisions you make it the end and don't just take anybody words for it because aside XRP, there are still some good altcoins but then, you need to manage your risks properly.

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November 12, 2023, 09:33:46 PM
 #19

I have a little knowledge but I need a guide.
It is okay if you still have a little knowledge. You're a new one in this forum and probably just know crypto space. If you have an intention to learn, you will have good knowledge in the future. Anyway, what a specific guide do you want? I guess you are better to understand first the basic things about crypto before you consider to buy a crypto coin.

Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it.
Bitcoin is surely the most recommended coin for investment. Meanwhile XRP isn't a bad coin, but you need to do more research on it if you are interested to invest in XRP, too. Personally, I prefer to invest in ETH, BNB, or ADA if I decide to buy altcoins. By the way, you don't need to buy 1 BTC, you can buy BTC with $50 only. You can adjust how much you want to spend money on the Bitcoin.


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November 12, 2023, 09:45:51 PM
 #20

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
I advise you to continue to learn about cryptocurrency as a whole, maybe you will get to derive the answer you seek yourself.

That's the time you will know if it's Bitcoin you really want or if you want to invest in cryptocurrency, and Bitcoin is not the only cryptocurrency. Of course, Bitcoin is the best, still, I don't believe you will regret altcoins if you are sure of your investment in a good project. Fortunately for you, Ripple (XRP) is a good option, and if I were you, I would invest in both.

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November 12, 2023, 10:43:27 PM
 #21

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
The price of Bitcoin shouldn't be a determinant factor for you to invest in it, don't  take it that way because there are several things that contribute to that fact.
1: you must not buy the whole 1 unit of Bitcoin before you start your Bitcoin holding journey.
2: You shouldn't border so much about Bitcoin dollar value at this point to make your Bitcoin buying decision as long as you are nig buying when the price is at ATH since doing so will increase your waiting time.
3: bitcoin is less risky compared to some of the altcoins that are still at low price levels.

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November 12, 2023, 10:46:44 PM
 #22

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
deepen your insight, there is enough time for you to slowly learn about bitcoin and altcoins, anyway you have to study bitcoin well before deciding to invest in it, also study its history and price history, if your benchmark is price of 1 bitcoin then of course the price is quite high (i myself can't afford to buy 1 bitcoin directly lol) but there are still the smallest parts of bitcoin such as mbtc and satoshi, many bitcoin investors are use DCA to buy bitcoins periodically over the time span they determine, and so far it is an effective strategy even for employees with small salaries.

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November 12, 2023, 11:02:08 PM
 #23

If you consider the fact that Bitcoin can be bought in chunks, you can never think that it is very expensive or very high to invest.  Imagine, you can buy at least $5-$10 of Bitcoin, and that amount is affordable even in a developing country where wages is much lower than the developed one.

Please be reminded that we don't have to buy the whole Bitcoin in order to invest on it.  If we think that way then it is indeed very expensive because $37k is not a small sum of money but it is a good thing that Bitcoin is divisible and we don't need to have $37k to get into Bitcoin investment.

Learn to DCA if we don't have big enough fund to get a huge chunk of BTC, accumulating through DCA is one of the better strategy in accumulating Bitcoin without putting too much stress on our financial capability.
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November 12, 2023, 11:06:05 PM
 #24

Kensure, buying Bitcoin isn't like buying a car or a house.  You can buy tiny fractions of a Bitcoin if thats all you can afford.

So if your bank account isn't looking like you can grab a big chunk of BTC, that's cool.  Do that dollar cost averaging thing the experts talk about.  Little bits at a time buying what you can when you can.  Thats one of the smarter ways to start stacking sats without overwhelming your funds.

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November 12, 2023, 11:20:19 PM
 #25

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
you can always wait for the price to go down(which could happen anytime), but the question is, how low is affordable for you? investing in Bitcoin comes with a risk, if you think investing in it is too pricey/expensive, then it would be better to just not invest yet because it looks like you are not yet ready to commit and would pull out once the price suddenly falls which would leave you at a negative profit.

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November 12, 2023, 11:40:43 PM
 #26

OP, have you not heard about "buy the dip and hold?" While investing in Bitcoin, you don't have to wait until you save up $37k+ before you can buy 1 bitcoin at once. All you have to do is buy the dip and hold, keep buying a little fraction of Bitcoin all the time you have some money to allocate into Bitcoin, and before you know it, you might have more than 0.2 Bitcoin. It's only some institutions, rich people who have enough money, that end up buying one Bitcoin at once because they have all the money it takes, but for people like us who don't have that much money at once, we invest in Bitcoin on a DCA (dollar cost average).

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November 13, 2023, 04:06:06 AM
 #27

It is not as difficult to make any decision here. Bitcoin should be the first on your list. Most newbies get distracted by shitcoins and would eventually return to bitcoin when they learn their lessons the hard way.
Seriously, he should've bought bitcoin before even considering the other altcoins cos most of them are not considered a long time investment and might liquidate and disappear soon, but I don't blame him much as he's new and is seeking guidance. Bitcoin is the oldest and much more prominent investment of all, it has prove itself over the years and will continue proving itself for many years to come.
OP should buy as much as he's got and not aiming at buying a full BTC. The more he wait, the more expensive bitcoin might get and at this point,  delay is dangerous, he should accumulate as much as he can cos the bull run is expected to occur very soon.

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November 13, 2023, 05:25:52 PM
 #28

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

Because bitcoin is the cryptocurrency that most people choose to invest in, anyone who does so knows that their money is safe with bitcoin, no matter how long it takes. While some investors may not believe in altcoins, anything that most people find interesting will be a cryptocurrency that is worthwhile investing in. Don't wait until you have a big amount of money before starting to invest in bitcoin. You don't need to be afraid of the price; just buy what you can afford and keep your wallet safe. If you want to invest, just give it a try. Anything can start slowly because bitcoin has helped many investors. For this reason, you will see people talking about it everywhere you go. In my opinion, the future will be all about bitcoin.

R


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November 13, 2023, 09:12:49 PM
 #29

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
But bitcoin price is not too high for anyone to buy, you don’t have to buy 1 bitcoin, there is no minimum amount of bitcoin that you can buy, so you don’t have to say bitcoin price is too high for you to afford to invest, with even $1, you can invest in bitcoin. Maybe you just think bitcoin price is already too high and you are scared to invest in it. That’s why you have decided to give this excuse that you just gave above. It’s better to keep accumulating your bitcoin if you have the money and ignore the current bitcoin price, but you should know your investment will be long-term and not short-term.
 
Why XRP? I am not really in support of XRP, you should have chosen another altcoin and invested in it. I am not really a fan of XRP, and since their lawsuit, I don’t trust the coin any longer, and I won’t recommend people who prefer investing in altcoins to invest in it. If you can’t invest in bitcoin alone, then look for a better altcoin and invest in it.
 
Everyone is talking about bitcoin because they believe it’s the most reliable coin. People do have confidence in bitcoin because they believe the only thing that can happen to it is for the price to dump, but if you can hold with time, the bitcoin price is going to bounce back, but some altcoins will never recover immediately, they crash, which makes it risky to invest in altcoins.

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TimeTeller
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November 13, 2023, 09:25:46 PM
Last edit: November 13, 2023, 09:45:33 PM by TimeTeller
 #30

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

Because bitcoin is the cryptocurrency that most people choose to invest in, anyone who does so knows that their money is safe with bitcoin, no matter how long it takes. While some investors may not believe in altcoins, anything that most people find interesting will be a cryptocurrency that is worthwhile investing in. Don't wait until you have a big amount of money before starting to invest in bitcoin. You don't need to be afraid of the price; just buy what you can afford and keep your wallet safe. If you want to invest, just give it a try. Anything can start slowly because bitcoin has helped many investors. For this reason, you will see people talking about it everywhere you go. In my opinion, the future will be all about bitcoin.

If he is not very sure with other alts but have good feeling about it, he can invest but as much as possible, use only small amount of money.
So if in case something goes wrong, he won't get screwed so much. Alts are hard as they have their own market performance depending on the dev team's updates and development plans.
There are still alts which are worth to invest but should be diligent enough to study them about their potential.
Better to take it slow when it comes to alts, should not hurry as you may end up liquidating your assets. Stay with top projects for the moment.
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November 13, 2023, 09:54:40 PM
 #31

Welcome to Bitcointalk forum mate. First of all, you are not forced or it is not an obligation to buy 1 BTC because you can buy in smaller portions called satoshi. It all depends on how much money are you going to invest and the price or the amount of BTC you'll get doesn't matter so, if you want to invest then invest. That's also the price problem with others where they only think that you can only invest in Bitcoin by buying 1 BTC.

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November 13, 2023, 10:12:58 PM
 #32

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
In this aspect, it's obvious and understanding that bitcoin is the most best coin in cryptocurrency that have a potential and also remain potential and valuable in other cryptocurrencies,  as a Newbie I will advice you to ensure that you have already know the value of altcoins and bitcoin before you run or venture into investment, so therefore for you to know a good coin to invest you have make a proper research of cryptocurrency and valuable altcoins that's in the market before any other investment.

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November 13, 2023, 10:20:10 PM
 #33

Bitcoin is most preferred investment asset because of its ability to bounce back even if there is a market fluctuations and this is something which is not possible or really difficult with altcoins like XRP I still remember XRP is yet to breach its previous ATH which it attained during 2017 but that's not the case with Bitcoin and it's less volatile compared to other crypto henc people here discuss more about Bitcoin when compared to other crypto coins. If you have already invested in XRP then hodl on to it as once a year or once in two year we usually see sudden spike in value of XRP you may sell it that time. You may invest with whatever amount you have as there is no hard and fast rule that you have to buy minimum of 1 BTC or so.









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November 14, 2023, 01:02:24 AM
 #34

Before rushing into Bitcoin investment OP, think about your investment approach. There are a lot of ways to buy bitcoin whether a whole or some fractions of it. It all depends on your financial strength.

You can lump sum when the price dips a little or buy gradually buy steadily DCAeing weekly or monthly. It is not compulsory to buy comeplete whole of Bitcoin. Even if you have all the money, you only invest the amount you can afford to lose. This is my humble advice from my own experience.


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November 14, 2023, 01:41:57 AM
 #35

I have received a lot of replies I found very useful and educative. It is something I have to take decision on and I have chosen and filtered the rest of options. Investing in Bitcoin for a beginner is suppose to be taken with a well guided steps. This I have learnt and I'll gradually buy with the little I have.
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November 14, 2023, 01:46:33 AM
 #36

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
I would vouch for the opposite. There are more altcoin enthusiasts than Bitcoin enthusiasts and they shill altcoins more seriously than shill Bitcoin.

For your investment question, when you spend money to invest, you have to mind about two things: risk and benefit, from the capital you spend for an investment.

About risk, Bitcoin has smaller risk than altcoins. Smaller but it is still risky so if you are not accept risk, can not afford to lose your money, don't invest even in Bitcoin.

About profit, Bitcoin is best in long run because so far, with each market bull run every four years, Bitcoin always makes its new all time high. It's hard for you to find altcoins that can make their new all time highs with new market bull runs. In general and long run, Bitcoin gives you best profit.

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November 14, 2023, 03:44:02 AM
 #37

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
When I was the newbie, I've always wanted to buy Bitcoin as a whole, and when I mean as a whole, I mean 1 Bitcoin. A few days after, I learned that 1 Bitcoin can be divided into 100,000,000 Satoshis, and in fact you can buy fractions of a whole Bitcoin. OP, don't focus on acquiring 1 Bitcoin especially now that you're a newbie, and you don't have enough money to buy it. Of course when you are rich enough to buy one then go buy it, but if you really want to buy Bitcoin, at least buy fractions of it.

Learn first before investing. Equip yourself with knowledge first before investing your money. There are lots of information that you can get online. I'm a proof that I only learn at least the basics online. No mentors, no paid courses, all free. If I did, so can you OP. I feel that you are overwhelmed currently because you're a newbie, but just focus on learning first. If you have somebody that can guide you then it would be better.

You bought Bitcoin and XRP? I guess I can say that it's a good buy since you bought 2 of the top coins in terms of market cap. Just don't buy low market cap coins for now. Good luck with your journey. Smiley

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November 14, 2023, 03:53:44 AM
 #38

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

You won't have to buy a whole bitcoin, buddy. Many of us won't even be able to afford to buy 1BTC, even if he worked for 10 years. Still, people are using and investing in bitcoins. If you specifically want to hold and profit from bitcoin, you will need massive mental strength. Because bitcoin should be held for a longer period of time, Which many of us can. Buy $5,000 worth of BTC. If you can't afford that, buy $3000 worth of BTC. Can't effort that? Then just buy $1,000 worth of BTC. Buy, hold, and just forget about that. If you hold it long enough, you'll see the result yourself. One or two months ago, BTC was worth 26k, and now it's 37k. Look at the difference.

Lastly, always do your own research before investing. I am not an expert on bitcoin. So I don't know when it's the right time to buy. Other senior members can explain that better.

AoBT
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November 14, 2023, 04:44:49 AM
Merited by fillippone (1)
 #39

I have received a lot of replies I found very useful and educative. It is something I have to take decision on and I have chosen and filtered the rest of options. Investing in Bitcoin for a beginner is suppose to be taken with a well guided steps. This I have learnt and I'll gradually buy with the little I have.

That is the best thing to do, because buying a lot of bitcoin that you can’t afford is not the best option. You have to have enough knowledge and understand the process of investing in bitcoin. Though investing in bitcoin is a simple thing to do, it is not something you should be in haste for but rather a gradual process.

To me, since you are still studying to understand bitcoin, I suggest you still engage in more research and request guidance from experts that will guide you in the process so that you won’t end up losing what you worked for within a short period of time, but with guidance from experts and research, you won't be a victim of such an incident.

Additionally, when investing, make sure you invest the amount you can afford to lose, meaning you should invest your money, not borrow other people's money to invest so that you can accumulate a lot of bitcoin, but invest what you just have and you can lose it without being depressed or in pain.

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November 14, 2023, 07:37:46 AM
 #40

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

Bitcoin is the only reliable cryptocurrency. It has been stable for a long time and has also overcome so many challenges. Many altcoins have turned out to be scams and fraudulent cryptocurrencies, so you have to be cautious while dealing with them. As others have pointed out, you can buy Bitcoin with what you have but the only difference is that your profit will not be as someone who has invested more. I encourage you to keep learning about wallets, security, and DCA. Everyone here started one day just like you so just keep reading and investing your hodling will keep growing and also will your profit increase.

R


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November 14, 2023, 08:18:27 AM
 #41

You never need to own 1 complete Bitcoin. A bitcoin is further divided into satoshi. A satoshi is the smallest unit of the cryptocurrency. 1 Bitcoin is divisible into 100,000,000 satoshis.
So instead of buying and collecting Bitcoin, you can collect satoshis. It's named after Satoshi Nakamoto, the creator of Bitcoin. I am sure you are aware of who Satoshi Nakamoto was/is.

So, do not think like that and start collecting. One day, you will have 1 complete Bitcoin to your name.
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November 14, 2023, 10:59:40 AM
 #42

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
Is bitcoin price indeed that high?  Some of us that are bitcoin holders today if we were waiting for the price to slump down before buying some fraction  or acquire 1btc we wouldn't have bought till date because the price keeps  sustaining the growing value.

Placing side by side XRP to BTC  the risk is not worth it. Use the amount of money you have to start with bitcoin, accumulating in every step of the way in stead of investing on a project that the future seems clumsy and unfeasible it's better to go for that which is achievable even in a long term basis. Establish your thinking on the future and not what you are seeing now.


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November 14, 2023, 11:30:23 AM
 #43

Investing in Bitcoin does not require immediately buying a full 1 Bitcoin but you can buy regularly using the DCA method. You can use methods to increase your Bitcoin amount over time. If you can buy it regularly, you don't need to worry about the price of Bitcoin, but you can focus on collecting Bitcoin.

Many people have used this DCA method. They don't find it difficult to buy Bitcoins in small amounts. The important thing is that they buy and keep it regularly. And when Bitcoin reaches its new peak, they will sell it at the highest price and make huge profits.

But if you want to invest in altcoins, you have to really analyze them because not all altcoins can rise high. And it will take longer before you can get a good and potentially rising altcoin. And the last thing is only to use money that you can afford to invest in crypto.

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November 14, 2023, 11:41:05 AM
 #44

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

you should be able to only invest in bitcoin, even though there are many temptations out there to buy other tokens besides bitcoin, however bitcoin still has the best reputation, and is resistant to inflation, why is it resistant to inflation because looking at the history of bitcoin prices during pandemics and new crises Recently, the price of Bitcoin has not been damaged at all, it is something that can be used as a benchmark that Bitcoin will always be the best and most secure cryptocurrency of all time.

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November 14, 2023, 01:53:42 PM
 #45

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

I guess you are in the right choice just visit the designated board you want to learn more here in the cryptocurrency or the bitcoin itself, many people mistake why they are afraid with the bitcoin is atleast they have 1 BTC in their wallet to join the era of the crypto but instead just even a portion of it is just enough, you can make an investment like in top 10 crypto market coins right now, actually i started too in the XRP because thats the coin I know atleast i can have 1 XRP and not just a portion. Keep explore more you can get alot of different asset thats worth it.

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November 14, 2023, 09:37:11 PM
 #46

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

Bitcoin is not simply overhyped; it is the ideal coin to invest in if you want to be confident that your money is safe and that you will get a fair return after a long term investment. Apart from bitcoin, all other coins are altcoins, and some even refer to them as shitcoins due to how volatile they are in the market; they might simply disappear from the market after you've invested in them. However, whatever you want to do in the crypto space, conduct your own research.

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November 14, 2023, 09:59:35 PM
 #47

I have received a lot of replies I found very useful and educative. It is something I have to take decision on and I have chosen and filtered the rest of options. Investing in Bitcoin for a beginner is suppose to be taken with a well guided steps. This I have learnt and I'll gradually buy with the little I have.
Since you have received many cogent and meaningful replies in this thread at least I believe you have gotten what you wanted,  so sometimes some people do not take out their time to read responses of people in their thread but I will like you to read all this and select the ones that is meaningful or sort to what you needs.

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November 14, 2023, 11:48:09 PM
 #48

So, do not think like that and start collecting. One day, you will have 1 complete Bitcoin to your name.
The journey of a thousand miles begins with a single step. It is not difficult to accumulate 1 Bitcoin with the will, determination, trading, conscious investing, experience, and savings. Any investor can start by investing any small amount they can afford to lose in Bitcoin; there is no minimum limit. With every monthly income from work or business, they can save a portion to increase the amount of Bitcoin they invest. They will reach their goal someday, as no one is born old. Indeed, everyone agrees that Bitcoin is the most promising and profitable investment. Even if its price is relatively high now, it could multiply even more. Those who miss the available price opportunities will regret it.
Most importantly, one should acquire sufficient knowledge and experience to identify suitable buying entry points and understand all these matters. Regarding the Ripple coin that the OP mentioned, it is a good currency, but I am not a holder. If compared to Bitcoin in terms of investment, Bitcoin wins deservedly. Recently, XRP has been subjected to significant wars by the SEC.

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November 14, 2023, 11:54:01 PM
 #49

Investing in Bitcoin does not require immediately buying a full 1 Bitcoin but you can buy regularly using the DCA method. You can use methods to increase your Bitcoin amount over time. If you can buy it regularly, you don't need to worry about the price of Bitcoin, but you can focus on collecting Bitcoin.

OP can do as you have said if only OP is willing and ready to do so as it is not a must that for one to hold bitcoin, one must buy 1 full bitcoin to be termed or tagged a bitcoin holder or investor. This is the reason why it is advised to use your spare cash to make investment in bitcoin by buying to hold for a long time. OP can buy  in fraction, bit by bit  with a target at hearth for which OP could achieve it gradually as it is inline with OP budget. This could be achieved when OP has it in mind buying and holding for a long period of time.

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November 15, 2023, 01:39:04 AM
 #50

You asked in the right place, hopefully the answers from members of this forum satisfy you. There must be doubts about buying Bitcoin because the price has started to rise quite high and many people also have fomo due to the increase in the price of BTC, but I suggest you buy BTC when there is a decline because if you follow Fomo, of course the risk is very high unless you are ready for the risk. However, considering that soon there will be a BTC halving, there is actually no problem with the current BTC price.

and now the BTC  is experiencing a price correction or decline. If you are interested, you can consider buying it, but you have to do your own research first so that you don't regret it if you experience a loss because crypto price movements are very difficult to predict.

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November 15, 2023, 04:59:24 AM
 #51

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
Bitcoin is the widely talked about coin because it's the major cryptocurrency of the market and your safer choice to avoid shitcoins.

And when you talk of investments and BTC being priced high, you need to know that it's not mandatory to buy a whole bitcoin, you can actually buy small bits or satoshis as we call them and just like that it's done, you can hodl them and wait for portfolio to grow.

The only thing to be worry about when buying now is price going below the buying price, for example if you buy at 35,000.. if portfolio is to be in the green then it doesn't need to go below the buying price otherwise asset value goes in the red

R


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November 15, 2023, 05:29:57 AM
 #52

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

People are talking about Bitcoin too much due to Bitcoin is the king of cryptocurrency. And this is the most potential coin in the crypto world.

If you want to invest in bitcoin it does not matter if the Bitcoin price is high or low. You will invest a (fixed) amount, right? then just buy it worth your investment amount. Or if you want to keep hold of the Alts you invested already, just keep them like it and wait for the next bull run. 

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November 15, 2023, 10:41:12 AM
 #53

Personally if you have small fund better investing in XRP than Bitcoin although is not popular with your knowledge, you can comparison when XRP or Bitcoin price raise up few percent how much possibility with your profitable? Actually more profitable by trading or investing in XRP still have lower price than your bit fund investing in bitcoin. Many people talked with Bitcoin only because main of cryptocurrency or the mother of crypto and XRP is another part of crypto. But most worth investing in Bitcoin and you not to worry when price dump always get an opportunity return to higher price, XRP still have cases with SEC Commission and prepare your self when investing there if any possibility in the future they will get cases again each other.
Better make your research early before investing between Bitcoin or XRP and make balance with your capital before investing in cryptocurrency.

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November 15, 2023, 11:08:30 AM
 #54

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
The only thing to be worry about when buying now is price going below the buying price, for example if you buy at 35,000.. if portfolio is to be in the green then it doesn't need to go below the buying price otherwise asset value goes in the red
IMO there is no point OP should be worried about the buying price going below. This is because that is in the nature of Bitcoin that you bought at 35k today doesn't mean it will continue going high from there without doing any low movement. It may go down to 27k or 25k. What Op should be concerned is about the long term price of Bitcoin. This will encourage him to hold his Bitcoin for long. One thing that is certain is certain that Bitcoin price will be higher that what it is today in the next one or two decades

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November 15, 2023, 12:58:02 PM
 #55

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

This is just a mere misconception about Bitcoin. Although, Bitcoin is actually the most popular cryptocurrency and has seen the most growth but there are actually thousands of other cryptocurrencies on the market. Yes, we can not argue that these other coins may not have the same name recognition as Bitcoin but they also have their own unique features and use cases. Investing in XRP is not wrong at all because diversifying your portfolio by investing in multiple cryptocurrencies can help you minimize your risk.

And it would definitely do you good if you can take out your time to learn about bitcoin yourself and never worry about what others like you are speculating about bitcoin. Bitcoin is the most successful coin and it has outgrown the rest, that's why bitcoin is the most talk about everywhere.

R


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November 15, 2023, 01:06:15 PM
 #56

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

I can understand why you are thinking like that and you are a newbie in this area. All these definitions you don't know, constant price fluctuations and trust in the most talked about coin, Bitcoin. Maybe even many ranked members here don't have 1 bitcoin. However, what they all have in common is that they try to invest in coins and tokens for the future, and for this they read hundreds of pages of documents and watch hundreds of hours of videos. If you want to be successful, you will read and watch. Otherwise, if you follow their path under their guidance of others, you may fly off the cliff at some point Smiley Just start by examining the top 10 projects and increase that number.
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November 16, 2023, 11:23:21 AM
 #57

Currently people only talk about Bitcoin but the price is very high for me to afford investing in it.

That is why Bitcoin is a wonderful investment you may invest any amount and still benefit if you leave it for a long time. I believe you lack sufficient knowledge of bitcoin, which is why you stated that the price is too expensive for you to purchase instead, try investing in bitcoin and you will realize the benefits. Don't waste time and invest in bitcoin because investing in bitcoin at any time is best because if you think the price will fall first before investing, you're wasting your time even if you have a small amount of money you can invest in it you don't need a large sum of money before you begin investing, While some individuals started with little amounts of money and are now wealthy, if you want to be an investor, you must be patient and confidence in what you are doing and you must not be frightened of losing, so begin your adventure with bitcoin investing because it is nice and secure.

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November 16, 2023, 01:07:20 PM
 #58

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

I will just say that you should count yourself of being lucky for two reasons, first is in making bitcoin your first choice and secondly for locating the forum meant for bitcoin discussions, many have started in the wrong manners and have fallen into the hands of scammers because they don't know how or where to start, some went ahead investing on altcoins ever since they heard about cryptocurrency and never know the difference between bitcoin and altcoins, some have lost their asset and are regretting now because they were not having the privilege of being informed before they went ahead in taking the wrong steps on shitcoins, so let your mind be at rest, have your highest Investment on bitcoin, then keep learning more on this platform.
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November 16, 2023, 01:38:51 PM
 #59

If you don't have money to invest now on BTC, you can work hard to ensure you save some money that will help you to invest when the price of BTC return back to $20k, but ensure you learn so many things on the exchange market that will guide you when you are about to sell or buy BTC. Buy BTC when the price is low in the market and hodl till the price hit higher in the market which is the common tactics many BTC users are using to earn good profits from their investment and, you can also earn well when you start investing in BTC.

You have made a good decision to make BTC and XRP to be the coins you want to use to start your crypto investment and, you will not regret if you can acquire knowledge of crypto on how to keep your personal details secure and safe and, how to sell when the price is high in the market.

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November 16, 2023, 01:59:30 PM
 #60

The first I want you to correct your misunderstanding and know that you can purchase less than 1 bitcoin, similar to how you can own less than $1, for instance, 0.5$ 0,2$,0,01$. If you are really interested and considering to invest in crypto it’s better to start with a small quantity like 0.1 BTC or less. My advice also is to learn about wallets and choosing a secure one which is very important for holding your bitcoins in a safe place not in centralized exchanger.
Additionally it's essential to understand the risks associated with crypto investments and market movements. Good times to buy are during calm market periods or when there's a slight down trend. Because, many traders stay in touch about news and events to predict the next market move.

I recommend you to explore the various sections on Bitcointalk to learn more things about the crypto space.

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November 16, 2023, 03:24:20 PM
 #61

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
If you wish to start a career in Bitcoin, you must first get proper education and information about Bitcoin or other cryptocurrencies. Taking interest in Bitcoin investment is a living process. If you are new then commit to learning and analyzing so that you can decide for yourself whether it is worth investing in. Altcoins are difficult to analyze when you want to invest in them. Not all altcoins have the same level of risk and potential, and they can be high or low for various reasons. You can plan to take the right time, which can help you invest in Bitcoin or other cryptocurrencies in the future. Various forums, and discussion places you can contact to get more ideas.

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November 16, 2023, 04:12:29 PM
 #62

Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
Do you know that there are many people who have not invested in bitcoins also because of this reason, and they are very unfortunate to have never spoken about it to the correct people with the right information to help them understand the flaw in their thinking. Some of us may never have 1btc, but will still be able benefit from bitcoins when the value increases if we are able to invest well enough and maintain discipline with keeping our bitcoins. Very lucky for you @theOP because you found this forum and now a member.

R


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Jegileman
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November 16, 2023, 05:05:17 PM
 #63

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

To have such feeling is okay and your feelings are right. Bitcoin is the only cryptocurrency worth investing in to be guaranteed of a profit in the future. If you’ve chosen to invest in other cryptocurrencies, it is not bad, but just know that you are in for gambling that money since not most of them will give you the required profit you need and some won’t even to resist the market volatility. If you’ve invested in XRP, it’s your choice but make more investments and focus more on bitcoin than any other altcoin, it will give you a better chance for a maximize profit in the future than any other cryptocurrency you invest in now.

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November 16, 2023, 05:17:25 PM
 #64

I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
OP, since Bitcoin was created and traded/invested in the crypto market, Bitcoin has become a big concern for all people around the world, Bitcoin has gained the trust of many people on this earth and many other reasons are talking about Bitcoin, that is why Bitcoin is one of the attractions that users consider in the crypto market, rather than other types of crypto.

There are other reasons about Transparency, Trust, and Bitcoin., which you can consider and use as an investment method
For example:
Quote
Digital currency—bitcoin being the leading example—is really just another currency, but it gets more attention for three reasons:

1. Unlike modern currency, which is backed by a central authority (the U.S. government for the U.S. dollar, the EU for the euro), bitcoin is backed by a widely distributed network.
2. Other digitized currency transactions (your credit card purchases, for instance) are transparent, whereas bitcoin’s can be anonymous.
3. Other digital goods—music files, for example—can be duplicated and shared. Bitcoins cannot; they are more like regular physical goods.

For this reason, the brief explanation above about Bitcoin and investment may be a consideration for you for this reason.

R


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November 16, 2023, 08:15:04 PM
 #65

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

If you think Xrp is going to be like bitcoin one day, wake up from that false dream because it's a mission impossible in my opinion though. Bitcoin is very limited to 21 million and many of the coins in supply might be showing 19 million plus but deep down, many of thole bitcoin in supply are not having a owner because the private keys are lost forever but Xrp is large with billions of circulating supply and total supply of 10 billion, how can that make history like bitcoin? It's might by speculation but reality, it will not.

Bitcoin might be higher but it can give you something great in return, don't focus on the value you are seeing now, you should focus more on what you think bitcoin is going to impact to the society through investment, it can still give you a moderate profit if you give it a price and I will not give you advice of any alcoin concern but if you think it's best, still do your own research.

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November 16, 2023, 09:19:17 PM
 #66

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
Though the price of BTC is currently $35, which is never too expensive to deter you from investing, I believe that it is never too late to make Bitcoin investments. You should acknowledge that you cannot afford to make an investment if you do not have enough cash on hand. Moreover, managing your emotions is a difficulty, so you should first learn to control them if you are not feeling particularly emotional.

But for now, I will not urge you to start your trip with a Bitcoin investment since, before you begin investing, you must first obtain sufficient education and understanding about Bitcoin and other cryptocurrencies. As a newbie you have to, learning more about how the market operates and his techniques will help you avoid losses. Knowledge is the best key to achieving whatever you want to do or start; without it, there is no way to succeed.

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November 16, 2023, 10:42:35 PM
 #67

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

I'm not trying to discourage you but trying to get an investment that will give a return like Bitcoin is like looking for a diamond in your house surrounding because there is none. Bitcoin it is what is today because it was the first crypto everyone believes and since it's the most decentralized crypto, it remain many people favorite everytime. But, if I'm you, I will split my investment and put one in Xrp and put the remain half in bitcoin, even if you cannot buy a whole btc, you can still buy some fraction of bitcoin and trust me, you will gain something in the long run.

If you have more funds, it's even better you don't put all your eggs in one basket, split the funds and buy different type of coins. There is one that you will cherish among the rest because that's the one that might change your life forever but I hope you know that altcoins are very dangerous, a profit can turn to a loss in a matter of minutes, that's what I leant from altcoins this year.

R


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November 16, 2023, 10:57:07 PM
 #68

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

We don't have to buy 1 bitcoin, even though the price of bitcoin is expensive we can still buy bitcoin in small amounts, we can buy bitcoin for only $10

Actually, for me personally, buying altcoins is not a problem as long as we can choose altcoins that have good potential. I usually buy altcoins that are in the top 10 list on coinmaeketcap. For unpopular altcoins, I usually avoid them because they are too risky
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November 18, 2023, 01:20:53 PM
 #69

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
Okay well it’s nice investing in bitcoin cus am a living testimony since I invested on BTC things have been okay even my part of savings have been very successful
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November 18, 2023, 01:57:57 PM
 #70

Okay well it’s nice investing in bitcoin cus am a living testimony since I invested on BTC things have been okay even my part of savings have been very successful
You will continue to be fine as long as you can be patient with Bitcoin investments, because what causes destruction in a person is not having patience and prioritizing greed when seeing other people become rich. Even though in every job there is always a process for it and there are no get-rich-quick jobs anywhere, so you will still be fine as long as you still really believe in Bitcoin and continue to buy Bitcoin with the money you have prepared.

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November 18, 2023, 03:40:03 PM
 #71

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
Since you are in the bitcointalk forum, expect that majority of the people will only talk about bitcoin as the main topic. But that does not mean that it's the only coin worth investing knowing there are really a lot but they are not as profitable like bitcoin. Research is the key. However, if you want to own bitcoin, then start buying even a portion of it. You don't have to buy a whole bitcoin, just a portion of it and follow the DCA strategy so you can increase gradually your bitcoin hodling.

It's a good thing that you are studying bitcoin first before you decide to invest. That way, no matter how high its volatility and no matter how risky it is, you are aware already on how to overcome them and end up with a successful investment.
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November 18, 2023, 04:07:27 PM
 #72

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
You don't need to buy large amounts to take an investment approach in bitcoin and you should allocate funds that are proportional to your abilities if you want to invest it. The reason is clear because bitcoin is one of the best and bitcoin is also able to maintain the value of the investments you make. Simply put, when you invest in bitcoin you don't need to worry about the price and even if bitcoin experiences a decline in the future, there will always be a way for bitcoin to return to the recovery path.

If you don't have a lot of money to buy then use DCA as a way to collect bitcoins. There are many posts explaining DCA on this forum and all you need to do is study them to understand the correct way to use it. There is nothing difficult when you want to try to learn it because something that is studied properly will provide good conclusions when we want to carry it out.

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November 18, 2023, 09:07:53 PM
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 #73

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
A lot of people missed out because they had the belief that the bitcoin price was already too high for them to invest, and they didn’t invest in bitcoin, but now they are regretting why they didn’t invest in bitcoin when they had the belief that it was too high. Do you know the most interesting part of bitcoin? No amount is too small for you to invest, and with a little amount of money, you can be able to get yourself some bitcoin. You don’t have to wait till you have the amount of money that can buy 1 bitcoin before you should buy bitcoin if you keep on thinking that the bitcoin price is too high and you can’t afford it. You might end up missing out on the next bull run.
 
Everyone has trust in bitcoin compared to other altcoins, that’s why it’s being talked about more than any other coin. Some people had the feeling that the bitcoin price was too high earlier, and some of them decided to invest in some altcoins, but the altcoins that they invested in are nowhere to be found today. They are now regretting why they chose altcoin and didn’t invest in bitcoin at the price they thought was high.

you can always wait for the price to go down(which could happen anytime), but the question is, how low is affordable for you?

When do you know that bitcoin price is going to drop, and how low do you think bitcoin will go? I don’t know the price at which bitcoin will drop to before the OP will be interested in investing in it. Maybe when bitcoin drops to $1k or below, the OP will be able to afford bitcoin. The Op should just do his analysis and invest in bitcoin, Op shouldn’t expect a massive dump from bitcoin, there are some ranges that I believe bitcoin can never dump to. If the Op is really interested in investing in bitcoin, then he will stop giving excuses.

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November 19, 2023, 01:47:21 AM
 #74

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

People talk only about Bitcoin because is what they prefer, is the coin they find to be the best, with the price on the high side is normal, it can go up and down. You feel the price is high for you but if you set your target properly I think you can afford it.
You saying you don't know why cryptocurrency is worth investing, to me is because you know is worth investing not that you don't know, you know you can gain from it when you start investing but the question is. Before going into investing do you have the tool to lead (knowledge about Bitcoin investment) you in the crypto world? If you don't then seek for knowledge about it before setting yourself in it.

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November 19, 2023, 12:52:34 PM
 #75

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
XRP and Bitcoin, who can guarantee profits and value stability between these two coins. There needs to be a comparison between the coins you are targeting, in the end only the best and most popular will be the choice. You don't need to collect money to get 1 or 0.5 Bitcoin, you can easily get Bitcoin with whatever amount of money you have. Your feelings about Bitcoin are correct, you just need confidence and money that is not used for other purposes to invest in Bitcoin.

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November 19, 2023, 04:09:36 PM
 #76

XRP and Bitcoin, who can guarantee profits and value stability between these two coins. There needs to be a comparison between the coins you are targeting, in the end only the best and most popular will be the choice. You don't need to collect money to get 1 or 0.5 Bitcoin, you can easily get Bitcoin with whatever amount of money you have. Your feelings about Bitcoin are correct, you just need confidence and money that is not used for other purposes to invest in Bitcoin.

BTC is the best at the moment even though it is always swayed by the market price. There's nothing wrong with XRP either and this coin is already very legendary in the ears of traders, it's just that the issue hasn't been resolved yet and if everything is clear, it's not impossible that it will shoot higher. So, back to the OP, which one do you want to choose and you're free OP in investing crypto world.

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December 01, 2023, 02:16:00 PM
 #77

Consider this: a few years back, the price of Bitcoin was much lower than it is now. So, saying it's too pricey might not hold when you look at its growth. Also, you don't need to buy a whole Bitcoin upfront. You can start small, using a strategy like Dollar-Cost Averaging (DCA), gradually adding to your investment over time. It's a way to ease into it. And don't worry about being late to the game, there's still plenty of opportunity. Bitcoin has a solid history, and if you believe in its long-term potential, it could be a worthwhile investment that withstands the test of time and thrives.

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December 01, 2023, 03:05:00 PM
 #78

If you want 1 BTC it is certainly very expensive because it is now in the range of $37k, that is a lot of money for many people on earth, only a few people can buy more bitcoin.

But we have our own way of collecting bitcoin, one of which is collecting bitcoin when the decline occurs, as before at the end of 2022 bitcoin experienced a price drop of up to $15k, and if you want to buy bitcoin at a low price then you have to look for the lowest price point in a cycle. But it will be very difficult and certainly too long to wait, so we still have an alternative strategy to accumulate bitcoin, namely with DCA, you can make purchases from a predetermined amount of time within a certain period of time, for example if you want to collect $10,000 in bitcoin, then you divide it by the purchase period, such as 10 months, buyer $1000 / month, then in the course of 10 months you will find a cheap price and maybe you will get a fairly expensive price too, but must be calm enough because we are on our way to a new ATH.

Just an addition, you better buy Bitcoin pieces to keep your money than Altcoin that you yourself do not know how the project is developing, I think it is a bad investor.

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December 01, 2023, 05:58:31 PM
 #79

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
You're damn right bitcoin right now is the only cryptocurrency worth investing on, it's with an irrelevant risk when compared to other altcoins supposing you are investing for a long term. Don't get bothered about the price you don't have to owned 1bitcoin to be a proud BTC owner you can always buy from how much you have and probably DCA to increase your portfolio returns eventually. About not having cemented knowledge it's fine as long as you have the interest to learn, you can invest and be learning at same time in that way you're growing both in knowledge and portfolio.
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December 01, 2023, 07:45:33 PM
 #80

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
You can't blame the people if they talk only bitcoin because that is the most secured crypto investment in the market despite of its high volatility. And frankly speaking, yes bitcoin is actually more expensive compared to other crypto coins because the profits you will also gain in the future is bigger than any crypto coin is. So never hesitate buying bitcoin even a fraction of it, that will be huge already when you hold it for long term.

Educate yourself more on bitcoin investment. But never miss the opportunity to invest in bitcoin now most especially that bitcoin halving is near and those who have bigger investments with bitcoin will definitely the one to benefit the most the market.

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December 01, 2023, 11:55:43 PM
 #81

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
Bitcoin happens to be the most talked about cryptocurrency for several reasons which ranges from it being the pioneer cryptocurrency to being the only truly decentralized cryptocurrency in the cryptospace. Not owning a few and yet dangle in the cryptospace gives the impression of, your not really sure of what your doing.

One mistake you just might be making right now is, having to attribute some importance to what is being said or what you’ve figured to be true and still not yet to invest because, you feel your not financially strong enough.
This would always seem to be the idea when your gaze is fixed on where the market price is capped. Withdraw your focus from the current market price and understand that, Bitcoin has got the Satoshi denomination. Pile that and in months, you could still own some Bitcoin(s).

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December 03, 2023, 07:25:17 AM
Merited by fillippone (1)
 #82

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
XRP isn't a bad investment regardless of how much people speak about it, it's always important you don't base your judgement on cryptocurrency from what people speculate, that's why it's always advised you DYOR, because not every speculations out there is true or will actually give you the desired results, it will be much better is you seek good knowledge for yourself and do all you do based on such knowledge, that way you will be in a better position to invest rightly a d be decisive about what to do at any point in such regards.

Bitcoin isn't the only cryptocurrency that should be invested in but then you need to understand the dynamics of others as compared to Bitcoin so as to influence your choice better.

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December 05, 2023, 04:54:57 AM
 #83

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
If you think Bitcoin is expensive you can decide to buy bitcoin in frictions and accumulate Bitcoin to the amount you desire. Bitcoin is not expensive like the way you think , just buy the amount you can afford to lose. Investing in Bitcoin doesn't mean you need  to invest all the Bitcoin , it will be very wise for you to just invest in what you can afford to lose,  do not try to force yourself on Bitcoin to the level which you do not see yourself in. Go for the amount that you can raise.

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December 05, 2023, 05:23:49 AM
 #84

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
One thing you should know is that bitcoin can be bought in fractions. Meaning you can buy what you can afford. like buying 0.0007575 BTC at $31 in current exchange rate. Not necessarily buying a hole (1)BTC. You can be buying it gradually or bit by bit. Maybe weekly or monthly. Depending on your source of income. And meanwhile don be decived by the pump you see in other coins, buy selling your bitcoin for trash because it has been the mistake of many people here. And we have lernt from our mistakes and wouldn't want anyone to fall for such. Except you wan to take a glance of it. Trust me you wouldn't want to even try it.

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December 05, 2023, 11:03:12 AM
 #85

If you think Bitcoin is expensive you can decide to buy bitcoin in frictions and accumulate Bitcoin to the amount you desire. Bitcoin is not expensive like the way you think , just buy the amount you can afford to lose. Investing in Bitcoin doesn't mean you need  to invest all the Bitcoin , it will be very wise for you to just invest in what you can afford to lose,  do not try to force yourself on Bitcoin to the level which you do not see yourself in. Go for the amount that you can raise.
In fact, investing money in Bitcoin will never be lost as long as we are able to look after the Bitcoin very well in our own wallet, because a decline in the price of Bitcoin cannot be said to be a loss. But this is only limited to reducing the amount of money we have invested in Bitcoin due to the influence of the price decrease, but when the price increases, the amount of money we have invested will also increase so that it can produce more profits. So it cannot be considered a loss as long as we still hold Bitcoin tightly enough.

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December 05, 2023, 11:12:38 AM
 #86

If you are looking for something that you can hold unto like the real Gold, it's Bitcoin and that's why it's the most talked about, you have no worries if you invest money that you won't be needing in few weeks, it's a better asset to hold on to for the long term, like right now I am planning my retirement with Bitcoin.

You don't need to get 1 Bitcoin, I don't even have up to half of one but I am still on track accumulating as time goes by to get to 0.5 Bitcoin, many newbies like you look for other alternative assets because they believe that one Bitcoin is too costly, but they lack the knowledge that you can still get Bitcoin even if all you can afford every month is $200.

And the fact is in a year or two to this time, Bitcoin will be massive once again in terms of value, you will make good amount of profits either buying just $100 Bitcoin or $1000 Bitcoin, it doesn't matter which is which, just make sure you have some Bitcoin, because it's the only most trusted decentralized Digital asset that I know.

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December 05, 2023, 11:14:53 AM
 #87

Don't worry if you're new to this. Explore, research, and remember, you don't have to buy a whole Bitcoin. Try out some altcoins. Happy LEARNING!

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December 19, 2023, 07:16:55 AM
 #88

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
Instead of waiting for the price to drop before buying bitcoin, you can buy it with as much money as you can stand to lose. If you buy bitcoin, you can hold it for a long time so you won't regret it when it reaches its all-time high price. Because you don't have to worry about it or start keeping an eye on the market when you buy in Bitcoin. If you truly put in the effort to learn, you can accomplish everything you set your mind to, as long as you acknowledge that you are still learning and are fresh to the field.

However, to be honest, you have to learn more about it before you begin, you must conduct research on it because you cannot invest unless you have understanding of it or some experience with it.

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December 19, 2023, 01:43:23 PM
 #89

Currently people only talk about Bitcoin but the price is very high for me to afford investing in it.
How much price do you want bitcoin to be before you know that you can afford it? The justification you wish to use for not being able to invest in bitcoin due to its high price is the same one that a lot of investors used when bitcoin was only worth $20k at the Q1 of the year. They missed out on buying bitcoin at that price as a result.

Since bitcoin is currently trading at a price above $40k, a lot of people are experiencing FOMO, which causes them to invest money they can't afford to lose to avoid missing out on the chance to buy bitcoin.

That is the kind of dilemma people who consider bitcoin price first before making an investment end up in. Do you wish to find yourself in a dilemma like that? No, should be your answer. So if you have the money you can spare, invest in bitcoin now.

R


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December 19, 2023, 01:56:41 PM
 #90

Invest using money you can afford to lose, investing in Cryptocurrency can not only make a profit, you also need to consider the risk of loss. Currently Bitcoin is trading slightly higher than some time ago, but it is not too late to enter because currently the Bitcoin market is in a bullish condition.
I'm a little allergic to discussing coins other than Bitcoin, especially for beginners who want to start investing in Cryptocurrency. Make purchases in stages according to the money you have, this technique is more familiarly known as DCA.

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December 19, 2023, 01:58:04 PM
 #91

a little share of my experience. I used to think so too. at the time in 2017, I always thought I would not be able to buy Bitcoin in large quantities with the money I had. finally, I allocated all the money I had to buy altcoins and tokens at low prices and hoped that these coins in the next few years would turn out to be expensive and get profit from it.

But the opposite happened, I almost lost all my money because I chose the wrong coin for investment. at that time I was very frustrated and wanted to quit the world of cryptocurrency. but after learning more, and still wanting the money that had been lost back again. I decided to save Bitcoin. please note yes, that I only save regularly bitcoin and not with other coins. it's a long time, but that way my assets are now even more than what I wanted.

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December 19, 2023, 03:08:02 PM
 #92

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

I understand that you're a newbie in investing but you can buy $100 worth of Bitcoin it doesn't have to be a whole Bitcoin, this
Quote
Bitcoin is too high now
stuff has been going on since Bitcoin was only worth $500 that's one of the reasons why they cannot buy Bitcoin and waiting for the price to drop to a price that they want to buy, but unfortunately that's not going to happen, and buy delaying they are losing a lot.
If you did your research and you believe in Bitcoin you will invest at what price it presented to you and just study the market check for dip and purchase more.

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December 19, 2023, 07:40:33 PM
 #93

Bitcoin investment is talked about because investing in Bitcoin is very reliable and safe. You mentioned you don't have much money to invest in Bitcoin but you do have money to invest. There are no restrictions in Bitcoin investment that you have to invest a lot of money rather you can start your investment with any amount of money you want. Start investing with the amount of money you have now and later you can increase your investment amount as you wish. Like everyone else I would suggest you to start investing in Bitcoin and when you have a decent investment in Bitcoin you can invest in any other coin out of all the other coins in the market. Starting to invest with Bitcoin may be positive for you in the beginning.

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December 19, 2023, 07:52:57 PM
 #94

Invest using money you can afford to lose, investing in Cryptocurrency can not only make a profit, you also need to consider the risk of loss. Currently Bitcoin is trading slightly higher than some time ago, but it is not too late to enter because currently the Bitcoin market is in a bullish condition.


There's this thing i liked about cryptocurrency, it gives everyone equal opportunity to invest any amount they could afford, this is what we can do at our own convenience without any barrier to stop us from achieving our desired mindset towards investment we want to make.

I'm a little allergic to discussing coins other than Bitcoin, especially for beginners who want to start investing in Cryptocurrency. Make purchases in stages according to the money you have, this technique is more familiarly known as DCA.

Maybe the fear of having a number of shitcoins all around the crypto network is one of the reasons to have this kind of fear, but we can always take the risk according to our level and understand what is involved, this is why we should always make research before making an investment.



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December 19, 2023, 08:38:33 PM
 #95

and now the BTC  is experiencing a price correction or decline. If you are interested, you can consider buying it, but you have to do your own research first so that you don't regret it if you experience a loss because crypto price movements are very difficult to predict.

Exactly. The bitcoin price is still good to invest in, and it’s the only legit coin to invest in if you are ready to do so. However, nobody can predict how the price of bitcoin will be in the next couple of months or even years, so it's still never too late to invest. However, the OP should not forget that there are risks involved in the investment. While he is doing his research, he should know more about how he will secure his investment and how to manage the risk of a bitcoin investment. He should also not forget the term invest what he can afford to lose, which is very important to take into consideration when making a decision about an investment. So he won’t come and panic when the price goes up, which may even lead him to sell the coins without gaining any profit from the investment.

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December 19, 2023, 10:26:57 PM
 #96

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try but am still learning gradually about it.
You just had a conviction, and yet still doubting the authenticity of your conviction as highlighted above. Because to me, though it's true Bitcoin that the current price of Bitcoin is high at the moment, but yet it remains the only coin you could invest in it and be rest assured of having value for your money in a very long period of time, unlike most altcoins who's value deprecaite just like fiat as time goes on. So for me, the only advise I can give now, is to start investing the little amount you can afford to eight now, a and then you increase you portfolio either through Dollar Cost Averaging method or through subsequent consistent buying at the amount you can always afford to that very moment.

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December 22, 2023, 05:02:58 PM
 #97

Don't worry if you're new to this. Explore, research, and remember, you don't have to buy a whole Bitcoin. Try out some altcoins. Happy LEARNING!
I don't think starting with altcoins is the best to start with beginners, beginners needs to have good knowledge about cryptocurrency before they make decisions of investing in altcoins.  Altcoins are risky it is not an investment beginners need to  partake on beginning of the journey. Beginners who know nothing about cryptocurrency might decide to go for altcoins for investment and end up picking altcoins that can end up being bad for investment.

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December 22, 2023, 05:49:14 PM
 #98

Invest using money you can afford to lose, investing in Cryptocurrency can not only make a profit, you also need to consider the risk of loss. Currently Bitcoin is trading slightly higher than some time ago, but it is not too late to enter because currently the Bitcoin market is in a bullish condition.
I'm a little allergic to discussing coins other than Bitcoin, especially for beginners who want to start investing in Cryptocurrency. Make purchases in stages according to the money you have, this technique is more familiarly known as DCA.
a little allergic to other coins?
It seems you need special allergy medication, but I didn't think too much about your allergies. I also have some top altcoins and memecoins to hold on to. not just bitcoin, because I don't put my eggs in just one basket, but I separate them into other baskets. actually there is no harm in investing in other coins that have great potential such as ETH, SOL etc., because they are the top altcoins. I even made a profit from many of these coins. Bitcoin can be the main investment, but there must be other investments that support the main investment. this will be a double benefit.
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December 22, 2023, 05:53:48 PM
 #99

Don't worry if you're new to this. Explore, research, and remember, you don't have to buy a whole Bitcoin. Try out some altcoins. Happy LEARNING!
I don't think starting with altcoins is the best to start with beginners, beginners needs to have good knowledge about cryptocurrency before they make decisions of investing in altcoins.  Altcoins are risky it is not an investment beginners need to  partake on beginning of the journey. Beginners who know nothing about cryptocurrency might decide to go for altcoins for investment and end up picking altcoins that can end up being bad for investment.

Yeah.  Altcoins can definitely be super risky for new crypto investors since a bunch of them turn out to be total scams.  I wouldn't tell my friends to throw money at random altcoins without doing some homework first.  But I also think getting some skin in the game with some cheaper altcoins can help beginners start to understand stuff like digital wallets, blockchain transactions, etc.  It's not a bad way to get the basics down without having to risk thousands upfront like you would with bitcoin and  i kinda wish I had played around with some small amounts of altcoins when I first started rather than jumping straight to bitcoin cuz there was definitely a learning curve there.  So while I agree altcoins have tons of downsides for crypto noobs, I think tiny investments to help them start grasping concepts isnt the worst idea either.

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December 22, 2023, 06:02:26 PM
 #100

Don't worry if you're new to this. Explore, research, and remember, you don't have to buy a whole Bitcoin. Try out some altcoins. Happy LEARNING!
I don't think starting with altcoins is the best to start with beginners, beginners needs to have good knowledge about cryptocurrency before they make decisions of investing in altcoins.  Altcoins are risky it is not an investment beginners need to  partake on beginning of the journey. Beginners who know nothing about cryptocurrency might decide to go for altcoins for investment and end up picking altcoins that can end up being bad for investment.

That is why people need to do their own research. Verify every promise made by the altcoin project, check the validity of the claims of the project developer and check for any red flags that can be a sign of possible fraud or scam intent.

Although Bitcoin is proven to be a good investment, if the investor wants to venture into different types of cryptocurrency due to the potential of huge profit, no one is stopping them from doing so.  Besides we are not in the position to tell them what to do since we do not know the possibilities of altcoins in the future and it is not our own money that they are spending.  Yes, Bitcoin has made a lot of millionaires but I think if one is investing right now, the profit multiplier of Bitcoin is not as high as before.  So people who want to hit big time sometimes go for altcoins investment and I don't find any wrong with that.  It is that they should be extra careful and do intensive research to avoid being burned by their own choice of investment.

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December 22, 2023, 06:28:56 PM
 #101

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

Mate I welcome you to this forum where we learn, and discuss crypto, Bitcoin and other aspect of life that's important to humanity, so many of us here has benefited immensely from some of the things that have been discussed here, it is good that you are learning, that's the first stage because if you don't learn you wont know the things that are involved in crypto investment, this learning will expose you to the aspect of this investment that many newbies fails to understand and admit which is the belief that crypto investment is a quick money making business, I want you to concentrate more on this aspect so that when you finally decide to invest by then you would have known how things are done in the right way,.

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December 24, 2023, 08:34:05 AM
 #102

Good, at least you are firm on this and are not rushing to jump in and invest in BTC. I think by learning the techniques first, I think your investment journey will be easier. It is best to get into Altcoins first, learn the workings of the market and relate it to BTC trading. After the meeting, the gas pool goes into BTC. I think it's not much different if we want to understand it.

If there are obstacles that might arise along the way, here you just have to create a new post and state what the obstacles and problems are and later there will be lots of suggestions and responses that you can use as learning material to determine your next steps. . BTC investment will have great potential if done in the long term and if you want to change the pattern, relearn what the best move is. For XRP it is also good but there is still no clarity when it will be resolved with the SEC. So. My advice is to choose one that is safe, comfortable and has profitable benefits.
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December 24, 2023, 10:13:09 AM
 #103

Don't worry if you're new to this. Explore, research, and remember, you don't have to buy a whole Bitcoin. Try out some altcoins. Happy LEARNING!
I don't think starting with altcoins is the best to start with beginners, beginners needs to have good knowledge about cryptocurrency before they make decisions of investing in altcoins.  Altcoins are risky it is not an investment beginners need to  partake on beginning of the journey. Beginners who know nothing about cryptocurrency might decide to go for altcoins for investment and end up picking altcoins that can end up being bad for investment.

Sometimes if one don't lose, you may not gain. Life itself is a risk. I could remember I started my crypto journey with altcoin and this has helped me understand how vitality the market is. Although it's good to start with Bitcoin but that doesn't stop one from buying altcoin with few dollars that you can avoid to lose.

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December 25, 2023, 03:58:24 AM
 #104

Sometimes if one don't lose, you may not gain. Life itself is a risk. I could remember I started my crypto journey with altcoin and this has helped me understand how vitality the market is. Although it's good to start with Bitcoin but that doesn't stop one from buying altcoin with few dollars that you can avoid to lose.

It's true, I see that everyone has challenges in going through it all, but we should never hesitate to have big dreams like our predecessors who have succeeded. With effort and never being reluctant to learn and ask those who have done it before, whether trading or investing in the crypto world is very volatile. One more thing, we have friends who always remind us of our big dream goals first. Because I think everyone who has succeeded also started from zero too.
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January 16, 2024, 08:57:14 PM
 #105

The price of Bitcoin is not high except you want to buy 1 or more of it and again you don't have to buy or start investing in it when you don't have an idea on how to go about. I will advice you first learn more about it before investing, just like you said Bitcoin is worth inventing on but before investing you have to be ready to accept whatsoever thing you will experience or come across.

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January 17, 2024, 06:40:27 PM
 #106

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

Blackrock the big institution is accumulating Bitcoin at its current price so I think we should too. On the other hand, if you ask me I would say you can divide your total portfolio into two parts. Invest 90% of your portfolio into Bitcoin and the remaining 10% you should invest in Altcoins keeping in mind while investing in altcoins as they have high risks and bitcoin have less risk. Try to invest in 4 to 5 altcoins which will help you to overcome your risk in loss. Risk management is the most important part here in altcoins. If one is not performing well another one will perform well. Invest only in good projects. DYOR

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January 19, 2024, 08:31:00 AM
 #107

The price of Bitcoin is not high except you want to buy 1 or more of it and again you don't have to buy or start investing in it when you don't have an idea on how to go about. I will advice you first learn more about it before investing, just like you said Bitcoin is worth inventing on but before investing you have to be ready to accept whatsoever thing you will experience or come across.

And if we talk about the reasons why discussions about BTC investment are so dominant at the moment, I think it's natural. Yes, it's normal for the OP to give an opinion about the price of BTC being expensive, but if the OP knew its potential in the future and followed price developments, maybe he would say the opposite.

After the increase a few days ago and looking at current conditions, if we synchronize with market conditions, many traders are more actively monitoring the market, different from what we saw before. On the other hand, maybe one step away we will see a bullish trend again, prices are currently falling again and this condition is awaited by most investors. and in my opinion it certainly doesn't matter if we see the price of bitcoin fall again, just think of it as a good opportunity to collect coins.
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January 19, 2024, 06:14:02 PM
 #108

It is not about investing in coins that are cheap that will guarantee profit , their are many coins in the market to invest but they are not worth to invest. Bitcoin price has gone high compare to some month ago but it doesn't  mean investing in Bitcoin won't be profitable.  When investing in cryptocurrency their are many things that needs to be considered,  you may think that a coin is cheap and it is best to invest in it, but it can end up to be a coin that is not reliable in the market.

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January 19, 2024, 08:26:22 PM
 #109

Don't worry if you're new to this. Explore, research, and remember, you don't have to buy a whole Bitcoin. Try out some altcoins. Happy LEARNING!
I don't think starting with altcoins is the best to start with beginners, beginners needs to have good knowledge about cryptocurrency before they make decisions of investing in altcoins.  Altcoins are risky it is not an investment beginners need to  partake on beginning of the journey. Beginners who know nothing about cryptocurrency might decide to go for altcoins for investment and end up picking altcoins that can end up being bad for investment.

Sometimes if one don't lose, you may not gain. Life itself is a risk. I could remember I started my crypto journey with altcoin and this has helped me understand how vitality the market is. Although it's good to start with Bitcoin but that doesn't stop one from buying altcoin with few dollars that you can avoid to lose.
I think op need to buy whatever he feel like buying since many of the tokens we have in the market have their own prices. The price of Bitcoin is not too high like the way he is thinking since we can always buy smaller units of Bitcoin and still make profits for ourselves.
There are altcoins in the market we can always buy that would be also profitable for us but it is mostly dependent on the projects we are putting our funds because we are volatile with lots of liquidity why othere are less of liquidity.









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January 19, 2024, 10:31:24 PM
 #110


There are altcoins in the market we can always buy that would be also profitable for us but it is mostly dependent on the projects we are putting our funds because we are volatile with lots of liquidity why othere are less of liquidity.
I have nothing against investing in altcoins, however I would advise you do so with caution. Altcoins are twice as volatile as Bitcoin and there is a huge risk associated with them.
According to this article, “7,530 cryptocurrencies from launched projects during 2020-2021 have failed, accounting for 53,6% of all dead coins alone”. I believe investors should have all the information before they invest into altcoins.

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January 19, 2024, 10:59:31 PM
 #111

Bitcoin will always be higher in price compared to other crypto coins. So if you keep missing opportunity to buy bitcoin, once its value grows more, then you will find it hard to buy even a portion of it, hence buy now while the price is still affordable.

However, I wonder why you decide to buy bitcoin when you don’t even know why you should invest in it in the first place. I suggest you educate yourself first because it’s hard to convince yourself when you don’t even know what’s in bitcoin that everyone is craving to own it.
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January 19, 2024, 11:28:45 PM
 #112

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
You won't find this journey too difficult because you have acknowledged that you know little bit not much. However I would like to offer you some advice: it would be beneficial if you continue to learn more about Bitcoin and other cryptocurrencies, as well as the fundamental technician's analysis of them.

These are the essential elements that will greatly simplify and expedite your journey. It's wonderful that you most taking so much of your time and Learn more. because becoming an investor requires a great deal of knowledge and learning from many sources in order to determine which kind of coins to purchase and hold. Despite the high price of Bitcoin, in my opinion, you should only invest money that you can afford to lose.


2Pizza410000BTC
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January 20, 2024, 05:51:33 AM
 #113

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.
If you bought coins like Bitcoin and XRP you didn't make a bad investment. Not many people including you can afford to buy one bitcoin at a time. If Bitcoin seems too valuable to you, you can use the DCA method to invest a portion of your weekly or monthly income in Bitcoin. Even if my advice is not acceptable to you, you can buy and hold an Ethereum because an Ethereum can be convenient to buy for many people.

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January 20, 2024, 11:04:31 AM
 #114

Investing in Bitcoin has changed over the years. Initially, buying a whole Bitcoin or even a thousand at a low cost was possible. Now, with the higher price, fractional buying and Dollar-Cost Averaging (DCA) are popular strategies. Believers anticipate Bitcoin's eventual surge, making any entry point valid. However, corrections do occur, providing opportunities to add to holdings and sell for profit during upward trends. It's essential to adapt strategies based on market conditions and believe in Bitcoin's long-term growth potential.

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January 20, 2024, 03:35:49 PM
 #115

Bitcoin will always be higher in price compared to other crypto coins. So if you keep missing opportunity to buy bitcoin, once its value grows more, then you will find it hard to buy even a portion of it, hence buy now while the price is still affordable.

However, I wonder why you decide to buy bitcoin when you don’t even know why you should invest in it in the first place. I suggest you educate yourself first because it’s hard to convince yourself when you don’t even know what’s in bitcoin that everyone is craving to own it.

Indeed, I agree with you here. I hope before halving we all get a good opportunity for re-buying and accumulate more Bitcoin. I believe in this bull run bitcoin will surpass the gold market cap which will be a big achievement for Bitcoin. well, I don't know why OP wanted to invest in Altcoins even though he has lack of knowledge. In the world of crypto, the more you have knowledge will be count as less. so, OP keep gaining Knowledge.

Well, in my honest opinion, I would suggest investing 90% of the portfolio in Bitcoin and the remaining 10% in altcoin... Diversify the remaining 10% in different altcoins to overcome risk because in the crypto industry risk management should be our first priority well in the altcoin case if one will not perform well another will perform well and return us a good amount of profit.


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January 20, 2024, 04:02:50 PM
 #116

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

You can always purchase BTC in small quantities if you cannot afford huge amounts of quantities at the moment. For example, you can purchase 0.001 worth of BTCs which can cost around ~$40 at the current market price. From this, you can gradually increase the amounts of your investment overtime with just a relatively small amount of value in the market. No one is forcing you to purchase 1 BTC outright.

Investing in Bitcoin has changed over the years. Initially, buying a whole Bitcoin or even a thousand at a low cost was possible. Now, with the higher price, fractional buying and Dollar-Cost Averaging (DCA) are popular strategies. Believers anticipate Bitcoin's eventual surge, making any entry point valid. However, corrections do occur, providing opportunities to add to holdings and sell for profit during upward trends. It's essential to adapt strategies based on market conditions and believe in Bitcoin's long-term growth potential.

I do believe that once the fork happens this year, the price of BTC will again skyrocket like what happened last 2021 when it reached an ATH of ~$60k. I believe that we may go back to that price and that would be the price floor of BTC in the coming years until the next fork happens again.

This is the reason on why it is heavily recommended to everyone to purchase BTC and HODL it until after the fork happens.

R


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January 20, 2024, 04:26:54 PM
 #117

OP do not get discouraged by the today's price of Bitcoin, almost anybody can afford to buy Bitcoin because it is programmed in such a way that it's divisible into fractions, and Therefore you don't need to wait until you have up to $42k the current price to start investing, So you can start with $50 due to the recent high transaction fees we have been experiencing lately, else one can buy BTC with as little as $10 to begin with. Lastly, if you really want to own 1 BTC, you will still use the same method, DCA, to achieve your goal.

R


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LLBIT
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January 20, 2024, 05:39:39 PM
 #118

Bitcoin will always be higher in price compared to other crypto coins. So if you keep missing opportunity to buy bitcoin, once its value grows more, then you will find it hard to buy even a portion of it, hence buy now while the price is still affordable.

However, I wonder why you decide to buy bitcoin when you don’t even know why you should invest in it in the first place. I suggest you educate yourself first because it’s hard to convince yourself when you don’t even know what’s in bitcoin that everyone is craving to own it.
The market of bitcoin is unpredictable that you cant tell if the price will go up or it will go down, waiting for the price to come down to invest is what nobody can tell. It is better to invest when one have the chance to than wait for the price to fall, doing this it is possible to lose opportunity because the price of bitcoin can increase . Waiting for the price to come down has really made people to lose opportunity of not investing.  Their is no time waste in bitcoin,  the more you wait the chances of missing it.

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January 20, 2024, 06:52:24 PM
 #119

Investing in Bitcoin has changed over the years. Initially, buying a whole Bitcoin or even a thousand at a low cost was possible. Now, with the higher price, fractional buying and Dollar-Cost Averaging (DCA) are popular strategies. Believers anticipate Bitcoin's eventual surge, making any entry point valid. However, corrections do occur, providing opportunities to add to holdings and sell for profit during upward trends. It's essential to adapt strategies based on market conditions and believe in Bitcoin's long-term growth potential.
Now is the right moment to carry out the Dollar-Cost Averaging (DCA) strategy because Bitcoin has experienced a correction and is running stagnant in the market. When investing, you must have a target and an entry point when you want to do it, although some people still often make comparisons with the past, even though that has become less important nowadays. Moreover, now there are many price changes that have occurred in Bitcoin and also changes in market conditions which over time are always clearly visible.

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January 20, 2024, 11:35:10 PM
 #120

Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it.
I think where you should place your focus right now is in knowing the difference, the difference between Bitcoin and altcoins in general.

Should you have bought these coins (XRP and Bitcoin), you have archived a goal of having to invest in the cryptospace. Now, it’s a question of where you bought the coin or where it’s stored. You ought to know that, coin stored on exchanges are not entirely in your control and could be lost. Instead, you should buy coins and store in non custodial wallets.

Most altcoins don’t come with a non custodian wallet support facility but Bitcoin does and that’s a part of its uniqueness. It’s truly decentralized, have at least 13years on it and have the highest market capitalization.
In all you do, don’t go about your investment on different platforms, especially one that promises to trade and give you huge returns, it can easily turn out to be a scam. Be more private and ask questions when necessary.

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January 21, 2024, 12:46:51 PM
 #121

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

I advise you to start studying altcoins and new coins. Bitcoin has already made it's 38,000% profit over time. New coins can give 10-100x returns at the start of their growth. Good luck to you!
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January 25, 2024, 05:31:06 PM
 #122

My first advice is to never ask random people for financial advice on the internet, what I'm afraid of is that when you get that advice and then the analysis doesn't match what you expected, you will feel disappointed and start blaming everyone.

I think now there are lots of content creators on YouTube, TikTok, Twitter, including Bitcointalk who write "how to" tutorials. You just type in the keywords you want.

then learn to analyze it yourself, even if only with support and resistance. use cold money, and enjoy the whole process. Hope this helps.

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January 25, 2024, 11:51:10 PM
 #123

Bitcoin can be as small as 0.00000001. Yes, that means that you can transfer as small as that to anyone and it’ll go through. The amount I mentioned isn’t worth even up to half a cent. So, your money isn’t too small to buy Bitcoin just because you can’t buy one whole Bitcoin. If a poll was made, you’d see that the higher percent of people on this forum are people who do not have and have never had up to 1 Bitcoin. Don’t let the price intimidate you, slowly accumulate the amount you can.



 

 

 

 

 

 


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Mars,           
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January 26, 2024, 12:54:55 AM
 #124

Currently people only talk about Bitcoin but the price is very high for me to afford investing in it.

This is a Bitcoin forum so obviously the first time people would suggest is Bitcoin, and you can buy as low as only $10 worth Bitcoin, you don't need to buy 1 Bitcoin, in some exchange even less. So there is nothing like you can't afford investing in Bitcoin.

Bought some cryptocurrency like XRP and Bitcoin.

I wouldn't say that XRP is bad because it has been proven to survive issues and problem over the year, but what you need to know is that XRP is centralized those central entity can immediately freeze XRP or just stop supporting XRP at once without considering XRP holder like you, so you need to be cautious. While Bitcoin is decentralized there is no single person could do that.

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January 26, 2024, 09:10:15 AM
 #125

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try  but am still learning gradually about it.

Bro, you can still buy a Bitcoin with a couple of dollars and you know what you can even buy Bitcoin with a single dollar some exchanges need a minimum of ten dollars but you can still buy it hehehe.

Anyway, most altcoins are also expensive to take a look at Ethereum today you need 2000$ to own a single Ethereum but you can also start from 10$ too. Just opinion I think you should buy crypto with mid marketcap meaning is still below 10 billion and start with 1 billion usually these coin are still at the top 100 by marketcap but have much bigger return than bitcoin but Do your own research first before buying

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.Duelbits.
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REGIONAL
SPONSOR
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EUROPEAN
BETTING
PARTNER
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