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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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