Why you should only hold Bitcoin

[SickDayIn]

According to CoinGecko, there are over 2.5 million cryptocurrencies (read more here: https://www.coingecko.com/research/publications/how-many-cryptocurrencies-are-there).

Whilst these are classified as cryptocurrencies, the reality is that the majority of these are actually just tokens, primarily on the Ethereum or Solana Blockchains.

Almost all (99.9%+ based on my opinion) of these are coins or tokens that have no purpose, and provide no value. They are centralised, have often unlimited supply or have been pre-mined with distributions allocated to the owners. The only intention of these projects is to make the creators richer, and take value away from everyone else.

The 1000th cryptocurrency by market capitalisation is GYEN with a market capitalisation of $13.38M according to CoinMarketCap (read more here: https://coinmarketcap.com/all/views/all/). Therefore, these 2.499m remaining coins clearly have any negligible valuation in the market, and should just be considered trash.

Whilst it can be easy to see that a significant portions of these coins are either scams, pump and dumps, or have had their daily volume manipulated to appear like speculative investments, there are still a lot of other coins, even in the top 1000 that you should be cautious of.

Some of the highest market capitalisation alt coins, still do not provide the real world value that their white papers have intended. Whilst yes there may be a few examples of real world use cases using the technology, how many holders of the coin actually use it for its desired functional purpose, rather than just sitting on it and hoping the price increases so they can sell? These are speculators and traders, and not investors. You do not want to hold something which others are primarily speculating on.

Let's also take BNB as an example. A market capitalisation of $86.74 Billion and ranked as the #4 coin overall. It is developed and owned by a private company, Binance. Their objective primarily is profit for their company. Yes the owners have alterior and philosophical plans, but ultimately they need to keep their company profitable. They have offered some technologies, like Binance Smart Chain, and they have their own exchange, but we cannot forget that they MUST turn a profit on their projects as an organisation, and releasing a coin like BNB is to benefit THEIR interests primarily. They can and will change things as they please, you do not want to hold something where the rules can change at any moment.

The same applies to many other top coins even with $100m+ market caps. You must ask yourself when you are investing your money, is the intention of the project to actually make a meaningful difference or change to society, and is it following through in the current day on that objective?

Currently the only option to invest in and hold over the long term is Bitcoin. It is the only truely decentralised cryptocurrency, with a finite supply and being used for its original intention on a regular basis - a storage of wealth that is not impacted by inflation, and the ease of making borderless transactions.

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

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[MusaMohamed]

According to CoinGecko, there are over 2.5 million cryptocurrencies (read more here: https://www.coingecko.com/research/publications/how-many-cryptocurrencies-are-there).

You can read more information for

How many cryptocurrencies failed, dead?
How many Bitcoin forks are dead?

Then you will see more risk from altcoins (Bitcoin forks are altcoins too) and make your investment decisions more carefully and have more fear about altcoins, then avoid altcoins for your portfolio in long term.

Dead Coins: Over 50% of Cryptocurrencies Have Failed
How many Bitcoin forks are there?

[peter0425]

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

It’s true that so far no coin was able to do whatever bitcoin has done in our world.

Bitcoin is the pinnacle of crypto and for a long time it will be. However I believe that it still depends on the person whether they want to invest in bitcoin only or want to invest in other coins as well. Yes bitcoin is the best but some people are looking for other features that bitcoin really does not have. Some would also argue that bitcoin is too expensive now.

I think as long as one is making the right choice then they can do anything or invest in anywhere they want.

[legendbtc]

According to CoinGecko, there are over 2.5 million cryptocurrencies (read more here: https://www.coingecko.com/research/publications/how-many-cryptocurrencies-are-there).

You can read more information for

How many cryptocurrencies failed, dead?
How many Bitcoin forks are dead?

Then you will see more risk from altcoins (Bitcoin forks are altcoins too) and make your investment decisions more carefully and have more fear about altcoins, then avoid altcoins for your portfolio in long term.

Dead Coins: Over 50% of Cryptocurrencies Have Failed
How many Bitcoin forks are there?

Yes, there have been thousands of failed, scam and useless altcoins but I don't think we should avoid all altcoins. I have no objection to someone investing only in bitcoin because it is the safest currency on the market. But let me ask, if we only talk about profits, what about altcoins like ETH, Link, Near, Solana...? If I remember correctly, ETH was created in 2013 and it is still growing bigger every day until now, the initial investors in it are making huge profits. Similarly, solana was expected to die when FTX collapsed but look at what it has done over the past year from $13 and it is trading above $140.

[SickDayIn]

According to CoinGecko, there are over 2.5 million cryptocurrencies (read more here: https://www.coingecko.com/research/publications/how-many-cryptocurrencies-are-there).

You can read more information for

How many cryptocurrencies failed, dead?
How many Bitcoin forks are dead?

Then you will see more risk from altcoins (Bitcoin forks are altcoins too) and make your investment decisions more carefully and have more fear about altcoins, then avoid altcoins for your portfolio in long term.

Dead Coins: Over 50% of Cryptocurrencies Have Failed
How many Bitcoin forks are there?

I agree that Bitcoin forks are altcoins and the same context from my thread applies, when I say you should only hold Bitcoin, I mean only Bitcoin and nothing else, not including Bitcoin Cash, Bitcoin Gold, BSV or anything else.

Whilst there are metrics out there for dead coins (no market cap or no liquidity for trading), a coin may still be alive and traded regularly, but still I don't think any alt coins should be in someone's portfolio. Alt coins are created to make the owners wealthy primarily, or become highly centralised and governed by organisations with selfish intent. The only one free of this is Bitcoin..

[Z-tight]

If you talk about utility, then it is unlikely to find altcoins that are useful, however, they are mainly tools for trading, and buying many of them simply means you are gambling with your funds. Everyone does what they want with their money, and a lot of bitcoiners also buy and store altcoins, but i guess it usually makes up the lesser percentage of their crypto portfolio.

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

I agree with you, so many altcoins cannot survive for the long term, and if you do not sell it quickly, they will become useless in your wallet. BTC is different because it is useful and there is real-world demand for its use cases.

[Darker45]

Forget about purpose and intentions. Bitcoin, too, has become guilty of that to a certain extent. Hodling, as a matter of fact, may not be what Bitcoin is for.

As for altcoins, some of them may be good for investment. Of course, you also don't consider their purpose and intentions. Whatever is written on their whitepaper are only there for a show, to make it appear that their project is valid, that it has a reason to succeed. But they aren't for hodling. They're good for quick profit, hit and run strategy. You can't be loyal to an altcoin.

[martinex]

Whilst there are metrics out there for dead coins (no market cap or no liquidity for trading), a coin may still be alive and traded regularly, but still I don't think any alt coins should be in someone's portfolio. Alt coins are created to make the owners wealthy primarily, or become highly centralised and governed by organisations with selfish intent. The only one free of this is Bitcoin..

For special elections, it is true, BTC is safest to invest in and indirectly in terms of the most similar price if we look at it, but for other than bitcoin, each exchange sometimes has price differences, although not far away.

Well, I agree if you relate many glaring weaknesses such as the potential for centralization and its speculative nature to altcoins but outside there are still many investors who are also focused, placing high hopes on altcoins because there is an assumption that it still has promising potential and growth.

[Faisal2202]

Whilst there are metrics out there for dead coins (no market cap or no liquidity for trading), a coin may still be alive and traded regularly, but still I don't think any alt coins should be in someone's portfolio. Alt coins are created to make the owners wealthy primarily, or become highly centralised and governed by organisations with selfish intent. The only one free of this is Bitcoin..

I don't quite agree with you here, although I was having the same thoughts that BTC is the only one that we should keep in our holding because there is almost no risk of getting scammed in this coin as we know it have potential and it can last longer and in order to save our funds for longer period of time I will definitely chose BTC over any other coin even if BTC is not going to give me high gaines while other alts will definitely do.

But still alts have there own place we should not say every alt maker or developer made an altcoin to make profit while we are also holding our funds in BTC to make profits, making profit is not a bad thing for other and good for us, its good for everyone. I hope you got my point. And secondly, there is high risk of failure of a alt token, but not every developer made an alt to make profit, many are solving real world problem, like matic, bnb and some other as they allowed integration of thousands of dapps and other relevant project onto themselves which helped many newbies to make millions.

[Husires]

The market capitalization is manipulated as some platforms report false trading volumes to make the platform appear larger or have more liquidity, but the real investments and real market capacities for most altcoins are less than 10% of what is reported in the CMC.
The best investors will remember the names of 100 cryptocurrencies, and those who can invest may invest in 30, but most of the remaining cryptocurrencies have no future, an independent wallet, plans for future development, or an active developer team github show that most of them are not developed on a monthly basis.

[boyptc]

Currently the only option to invest in and hold over the long term is Bitcoin. It is the only truely decentralised cryptocurrency, with a finite supply and being used for its original intention on a regular basis - a storage of wealth that is not impacted by inflation, and the ease of making borderless transactions.

It is deflationary and that's why you're saying that it is not impacted by inflation. But I'd say that it's still being affected by world events and news.

But the good thing about its nature is that it recovers quickly. Its resiliency makes it unique from the other assets and investments that's been known by most and even better compared to altcoins.

[Gladitorcomeback]

Trust-wise, there is no doubt that Bitcoin is probably the only cryptocurrency that you can trust for the long term, however, we can't deny the fact that some altcoins have been around for a very long and they have been performing up to the expectations of the market, take ETH as an example. ETH has always been side-by-side with Bitcoin in all market conditions, I know the project had its ups and downs, but at the end of the day, it has never deceived its investors even in the long run.

So to be honest, I wouldn't mind making some investment in cryptocurrencies such as ETH that I know have been around for many years already and have had no problems at all, I know it can be risky because it's an alternative coin at the end of the day, but what's the fun if you are just playing around with a single cryptocurrency and that is Bitcoin? Diversification is a fun and profitable thing.

[dothebeats]

I'm only ever interested in holding bitcoin long-term, but if I see a certain altcoin is promising in terms of its trading capabilities and the hype surrounding it, I won't mind riding it for profit and not for long-term. There are pro-bitcoin people out there that are also riding altcoin markets in order to increase their bitcoin stash, and I see nothing wrong with it. If it's something that people think can make them increase their hold in the bitcoin game, then that's respectable and understandable.

If you are holding only bitcoins, then the goal for you is to put in some more money in it and watch your holdings grow in value over time. But if you're like me who's also looking to be more 'involved' in the trading action all the while not wanting to use bitcoin, flipping altcoins can be a good alternative, just watch which coins will you be trading.

[Miles2006]

Bitcoin is the safest investment choice compared to altcoins no doubt but most people still earn profit with altcoin project. This is not so necessary cause altcoins can be unpredictable so fear of missing out and fear of the unknown is basically not heathy for investors mostly newly investors besides we are dealing with money so we should not risk our investment carelessly. Altcoins project mostly newly projects are known for scam, pump and dumb but not all project so the big question here is how can an investor differentiate between a scam project and a genuine project, all this can actually discourage the investment process. I believe why everyone will go for bitcoin is bitcoin don't act like other coins secondly bitcoin has proven so many times as a trusted investment. The least negative information you can hear an investor mention concerning bitcoin is just about scam and being a victim compared to altcoin project cause sometimes the community are aware they're creating a false project but they do this for gain but let's note bitcoin investment is for the long run

[Solosanz]

Currently the only option to invest in and hold over the long term is Bitcoin. It is the only truely decentralised cryptocurrency, with a finite supply and being used for its original intention on a regular basis - a storage of wealth that is not impacted by inflation, and the ease of making borderless transactions.

I have to disagree on the used for regular basis, I believe altcoins like Doge and Litecoin are more popular for daily usage. Whenever Bitcoin fees went high, the number of transactions in Doge and Litecoin increase too, while Lightning Network is relatively stable.

But of course Bitcoin is only one coin that need to be hold for long term, at least if cryptocurrencies is failed, Bitcoin will be the last coin that stand after all other coins become worthless.

[DanWalker]

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~snip~
But still alts have there own place we should not say every alt maker or developer made an altcoin to make profit while we are also holding our funds in BTC to make profits, making profit is not a bad thing for other and good for us, its good for everyone. I hope you got my point. And secondly, there is high risk of failure of a alt token, but not every developer made an alt to make profit, many are solving real world problem, like matic, bnb and some other as they allowed integration of thousands of dapps and other relevant project onto themselves which helped many newbies to make millions.

I also agree with you, I will not deny that bitcoin was originally created to be a peer-to-peer currency that would make us independent of 3rd parties. But look at what's going on, we all just use bitcoin to make profit so saying that altcoin projects are created just for profit is bad, this is too biased towards bitcoin.

Regarding choosing to invest in bitcoin or altcoin, I think our investment purpose is to make profits, so if there is a better opportunity than bitcoin, there is no reason to ignore it.

But I also need to remind you not to put too much faith in what altcoins advertise. We are still in the early stages of the cryptocurrency revolution and everything is experimental, it is hard to say that top projects will not fail. We should still be careful when investing whether it is bitcoin or altcoin. So far, other than being mainly used for investment and speculation, I haven't really seen any practical applications of cryptocurrencies.

[kotajikikox]

While you have mentioned some great points I can guarantee that diversification of your crypto portfolio or just investment portfolio holds some of its own advantages. Such as having reduce your risks. If one coin is not doing well you can expect to still gain profit from the other. Bitcoin is not always stable and is constantly fluctuating. So it’s good to explore what else is in the horizon but if you feel safe enough in just investing in one coin the be my guest.

[spectre71]

The big boys have already spoken what they will mess around with.

Bitcoin
Eth
Bitcoin cash
ltc

https://www.coindesk.com/business/2023/08/22/crypto-exchange-edx-market-taps-anchorage-as-custody-provider/

Sure you can dick around with alt stuff. Lot's of fluff and fomo and one could lose allot quickly.

Great risk and reap rewards but history shines poorly on it.

Edit: Having multiple coins/tokens is NOT diversification or a protection move. Having Shell, Exxon and BP in your portfolio is not diversification, it must be another sector

[DeathAngel]

I think you should be more allocated in Bitcoin than any other asset but to say you should only hold Bitcoin is possibly not right. If people feel more comfortable holding say 80% of their net worth in Bitcoin & 20% spread across real estate & other assets then that’s fine. I certainly would not advise holding a small allocation of Bitcoin.

[fuguebtc]

While you have mentioned some great points I can guarantee that diversification of your crypto portfolio or just investment portfolio holds some of its own advantages. Such as having reduce your risks. If one coin is not doing well you can expect to still gain profit from the other. Bitcoin is not always stable and is constantly fluctuating. So it’s good to explore what else is in the horizon but if you feel safe enough in just investing in one coin the be my guest.

Diversification to minimize risk is only effective when you invest in non-crypto assets, if you invest in altcoins and think it helps you minimize risk then it is a big mistake. The entire cryptocurrency market is still dominated by bitcoin, once bitcoin declines, no altcoin will be able to grow well. Like the current situation, do you see any altcoins giving you profits now that bitcoin is correcting?

I also invest in altcoins and I don't like the rigid idea of only investing in bitcoin and ignoring many potential altcoins. But the purpose of altcoin investment is to seek high profits, not to minimize risk because once bitcoin has problems, the rest will also follow.

[PrivacyG]

Bitcoin is the safest long term bet overall.  And for Holding, Bitcoin is definitely top tier.

Unfortunately other Cryptocurrencies seem to be on the rise of usage considering the amount of bottlenecks the Mempool of Bitcoin experiences every so often nowadays.  Until that problem is solved, I believe we will continue to see people trying out alternatives too.  As much as I hate DOGE, I have seen a lot of the people who solely used Bitcoin try it out in the last one to two years and I have even seen them recommend it for quick and cheap transfers.

Now about the Ethereum Tokens.  Any body can make one, I believe there are even tools to create your own for free.  This is why there are millions, and particularly a lot of Scam attempts.  There are probably millions of Bitcoin copies out there too, but they do not appear any where on a centralized data base of sorts.  There are tutorials on the Internet for creating your own copy of Bitcoin in MINUTES.  After all.  This is why Open Source is amazing.  Any body can create any thing and get support for it too from others who think alike.  But it is also one of the caveats of Open Source.  Any body ill minded can try to do harm too.

I would still suggest holding Bitcoin however.  DOGE may be cheap and quick.  But it is likely not as secure and its price is WAY too volatile for my liking.  Even Bitcoin is volatile.  But hell, DOGE is on a whole other level.

[EL MOHA]

While you have mentioned some great points I can guarantee that diversification of your crypto portfolio or just investment portfolio holds some of its own advantages. Such as having reduce your risks. If one coin is not doing well you can expect to still gain profit from the other. Bitcoin is not always stable and is constantly fluctuating. So it’s good to explore what else is in the horizon but if you feel safe enough in just investing in one coin the be my guest.

I disagree with your opinion here, I don’t see investing in other coins aside bitcoin as diversification of one’s portfolio. My reason is when you talk of diversification you look for another assets that doesn’t have connection with the other one, the Market movement doesn’t correlate with each other. Now look at bitcoin and other Altcoins, tell me a coin that doesn’t move in accordance with bitcoin movement? None, the only difference is they are more volatile than bitcoin, they move higher than it and go lower than it during bearish periods. This to be isn’t diversification but rather you gambling to maximize profits. Do you tell me that should bitcoin hit the dust today any coin will survive the fall?

[Dunamisx]

Currently the only option to invest in and hold over the long term is Bitcoin

If you truly don't want to risk wasting your time and money, then Bitcoin should be the first investment coin to go for in cryptocurrency, some of the newbies make this serious mistake because they were not given the opportunity of knowing this before they went far ahead on making investments on shitcoins they know nothing about, and at the end, the loose their investments and the coins either failed or turned to scam.

[Suman1]

True, nowadays users are trading any projects that are listed in the market even though most of these have no fundamental basis still they're running in the market and the reason is we users support them. I often prefer to trade in low-cap gems and projects that have strong fundamental bases and multiple utilities such as BGB, MATIC, and BNB although eager to trade in newly listed projects during their early listing in exchanges. Last time gained some profit from a few memes like BOME, PENG, TOAD, and BENDOG that are listed in major exchanges like Bitget, Binance, Kucoin etc.

[2Pizza410000BTC]

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

Bitcoin is the only currency that can be dependably invested. Investing in unique coins like that involves a lot of risk, but even if there is risk in Bitcoin investment, it seems to be much less risky. We have seen the market rise after the Bitcoin ETF was approved. Bitcoin started to grow with Bitcoin but unique coins could not grow in the same way. It is the only currency whose value does not depend on any other currency. Bitcoin always depends on its own momentum Bitcoin never depends on other coins. Bitcoin is at the forefront of popularity and uniqueness Bitcoin's popularity is increasing as time goes on. The number of investors in the position that Bitcoin is currently in will increase even more as we have completed the Bitcoin Halving and are starting to prepare for the bull market.

[bluebit25]

(...)What are your thoughts?

OP, you should look at the fact that that diversity also brings opportunities for all of us, if we assume everyone only invests in Bitcoin then the current market will be hard to talk about opportunities. And our purposes here are not the same, just as life is not the same, looking for opportunities in any field will be competitive, we witness the same winners in life. There will be losers. So nature is natural and when we absorb enough to find satisfaction, it leads to "gratitude"..., so at this stage, personal perspective only contributes to describing a small part of everything, so there is nothing perfect for this stage, like we still hear somewhere there are millionaires who got rich thanks to bitcoin, and also people who got rich very quickly from participating ICO, IDO, IEO, memes,....

[pawanjain]

The thing is that bitcoin has been giving out amazing returns since the beginning.
Since it's the first cryptocurrency and has been on the top rank since inception, people have developed a strong trust on it.
This is the reason why there are a lot of strong holders holding bitcoin.
But then again, it does not mean that we shouldn't diversify our portfolio. We should keep investing in promising altcoins.
We should actively track our portfolio and keep rotating our money in valuable assets.

[Ale88]

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

If we're talking only about trust, then yes, I totally agree with you. But let's not forget that we also like to money so regarding that, I think there are coins and tokens with more potential growth compared to bitcoin, that already has a very big market cap, so it required a huge amount of money injection in bitcoin to make a 2x or 3x while some altcoins can easily make a 10x.

[Bravut]

The thing is that bitcoin has been giving out amazing returns since the beginning.
Since it's the first cryptocurrency and has been on the top rank since inception, people have developed a strong trust on it.
This is the reason why there are a lot of strong holders holding bitcoin.
But then again, it does not mean that we shouldn't diversify our portfolio. We should keep investing in promising altcoins.
We should actively track our portfolio and keep rotating our money in valuable assets.

Valuable asset like Altcoin, lol. If you're still in the early stage of accumulation I don't see any need diversifying your portfolio with altcoins. In as much as diversifying is good, you can invest in Real Estate,  and other promising and profitable physical assets.

Rotating money with altcoins is simply you accepting a death sentence, am not saying it's all bad but as far as you haven't accumulated much of bitcoin or have a solid portfolio no need to mix it up with shitcoins, invest in a tested and proven asset not some made up coins used for profit making without any foundation. It more or less gambling because you can't assure the state of those altcoins and the best advice I can give is if you have made some profits don't wait, use it.
At last everyone will learn.

[Yatsan]

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

It’s true that so far no coin was able to do whatever bitcoin has done in our world.

Bitcoin is the pinnacle of crypto and for a long time it will be. However I believe that it still depends on the person whether they want to invest in bitcoin only or want to invest in other coins as well. Yes bitcoin is the best but some people are looking for other features that bitcoin really does not have. Some would also argue that bitcoin is too expensive now.

I think as long as one is making the right choice then they can do anything or invest in anywhere they want.

With the idea that Bitcoin is too expensive, no one's required to invest in 1 Bitcoin in an instant. You can partially purchase an amount under your risk tolerance. You'd still gain profit as long as the market price of Bitcoin is increasing. Skies the limit I guess for its market value given that there is a limited supply however, this blockchain will also need continuous increase with the demand. And if it won't be achieved, then same thing goes with its market price, basically.

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

If we're talking only about trust, then yes, I totally agree with you. But let's not forget that we also like to money so regarding that, I think there are coins and tokens with more potential growth compared to bitcoin, that already has a very big market cap, so it required a huge amount of money injection in bitcoin to make a 2x or 3x while some altcoins can easily make a 10x.

If it is potential then that would go with Bitcoin above any coin in the market. However, altcoins are also having its own potential to be profitable, and there's no doubt with it. Comparison is needless; an investor may freely diversify his/her portfolio to different projects of his/her choice. It would be fine investing into Bitcoin alone but if there will be an opportunity for other coins of this industry, then I cannot see any reason why you shouldn't consider investing on those coins as well.

[Kelward]

The name cryptocurrency that is used as a compound name for all crypto projects is somehow a dent on the reputation of Bitcoin, because if a newbie and any other inexperienced person is lured into buying a scam project, when the reality downs on them, they'll categorically call cryptocurrency a scam, including Bitcoin. So Bitcoin, also takes a fall for all the whole shitcoins that are in the crypto market, that is one of the reasons why ignorant people are still thinking that Bitcoin is a scam, and this is affecting it's speedy adoption worldwide. Bitcoin is the most trusted cryptocurrency, because it has proven that it's a store of value, at the same time I wouldn't call every altcoin a trash, top altcoins that have proven their reputations can also be trusted.

[teamsherry]

Most crypto projects were just created as an MLM scheme to make money for their creators, you would find a lot of unless meme coins that are dead and while they were still in their launching phase they disguised as tho there held any promise. But at the same time you would find many that has profited from this meme coins despite having no real utility and that huge profits they offer still attracts a lot of persons to them and they would eventually fall to other scam projects if there are not careful.

[Rabata]

There are many people who are new to cryptocurrency who wonder what is cryptocurrency or what is bitcoin. They have no clear idea about what is the difference between them. They even consider Bitcoin or Altcoins almost the same. But the reality is that Bitcoin is not an altcoin and there is a big gap between them.

I just wanted to point out a small difference that I think might make the point clearer. Bitcoin is the earliest and oldest currency in the cryptocurrency world. It is completely anonymous. Bitcoin will certainly cross its previous all-time high every time in a bullish movement but not all altcoins can ever do such a thing. Moreover, scams of altcoins are not new. Any time it can turn into a scam scheme.

Bitcoin's halving occurs every four years, where miners' rewards decrease, causing the price of Bitcoin to rise. But there's nothing to say when this big price change will happen. Those who will patiently try to increase their holdings until that moment will certainly be able to profit by holding Bitcoin.

[Furious 7]

If in the end it is indeed when talking about comfort and confidence that this will be profitable for the long term then surely bitcoin is the right place but on the other hand everyone's thinking will be different because with the existence of altcoins or memecoins as an option now believe it or not that one of the conditions and egos in themselves who want fast profits in a short time they will always see it as an option under the pretext of being verified.

In fact, if we explore further in terms of risk management, it is certain that it will be much greater because after all, altcoins or memecoins and other junk projects always follow bitcoin in their development even if bitcoin experiences a correction, they will feel a much greater impact than that until not a few end up with their coins being dead. But because the ego wants to get a quick profit that's the biggest risk they do which in the end not a few of those who are in altcoin or memecoin end up with regret.

[Kristiyana]

Is obvious that bitcoin is the most reliable and profiting coin in terms of making Long term investment, the reason why most investors prefer holding bitcoin is because, they know that Bitcoin has a better future, that is why a lot of people keep holding bitcoin. However I think nobody will like to be in the losing side, everybody will always want to go into something that will bring profit in the future. you can't keep holding coin that will not do well in the future,  that is why most investors has chosen to hold bitcoin because is the most profiting coin in terms of investment.

[virtual_enthusiasm]

There is only one truth

if bitcoin if true, then all other coins based on proof of work are false

proof of work = bitcoin, there's no other

[Kemarit]

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

Yeah, and that's why you will find that most users here are Bitcoin maximalist.

Maybe you can dwell on some altcoins in the beginning and see that hmm, they give us good profits. But it's not going to be sustainable at least for the long term as majority of them are pump-and-dump. Or least look at the latest hype, Runes, yeah it did affected the market and the mempool was congested.

But after the hype died down, everything is almost normal again and Bitcoin standing at the top of the food chain.

[Viscore]

Currently the only option to invest in and hold over the long term is Bitcoin

If you truly don't want to risk wasting your time and money, then Bitcoin should be the first investment coin to go for in cryptocurrency, some of the newbies make this serious mistake because they were not given the opportunity of knowing this before they went far ahead on making investments on shitcoins they know nothing about, and at the end, the loose their investments and the coins either failed or turned to scam.

There is no other coin that can be trustworthy as bitcoin. Don’t be fooled with altcoins and be deceived with its too good to be true offers and opportunities. Instead, stick to bitcoin and go for long term hodling if your goal is to maximize your profits in the near future. Know that bitcoin always defeat other crypto coins when it comes to its utility case and profitability. But still, make an extensive research prior to bitcoin investing so you will be aware of its risks and won’t make wrong decisions throughout the process.

[Saint-loup]

If "you do not want to hold something which others are primarily speculating on" I don't understand why you're holding Bitcoin because it's actually a highly speculated asset and its current price has nothing to do with its current use and value. You are also wrong when you say it's used for its original intention ie a storage of wealth that is not impacted by inflation. Bitcoin hasn't been designed for that purpose actually, it's just a maximalist narrative trying to find it a new plausible use case. But Satoshi Nakomoto initially designed it for just being a Peer-to-Peer Electronic Cash System, not a store of wealth.
Unfortunately it's currently no longer able to manage to fulfill its mission, as its transaction fees are too expensive and its speed is too slow.

Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

[GbitG]

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

Hmm, exactly that's the fact OP!

That's why Bitcoin is one of the most remarkable coins in terms of trust. Apart from Bitcoin, we don't consider any coin as trustworthy as Bitcoin because of his strong stance in privacy. All over the world people consider Bitcoin an asset of profit because of its high value as well as its store of value. So, according to my theory, people trust Bitcoin more because its use case is based on a unique concept and also on market capital. And for this reason those who don't have Bitcoin are crazy to take Bitcion, the boredom is rising day by day.

If I remember correctly, ETH was created in 2013 and it is still growing bigger every day until now, the initial investors in it are making huge profits.

Ethereum was conceived in 2013 like a white paper was described and it was later named Etherum at the North American Bitcoin Conference in Miami in January 2014 and the initial network release was made on July 30, 2015, that is, it was officially released in 2015. was to ETH.

And now ETH is the most capital-intensive coin below Bitcoin although it is an altcoin.

[Belarge]

There is only one truth

if bitcoin if true, then all other coins based on proof of work are false

proof of work = bitcoin, there's no other

I'm more focused on the profits I'll have from the project, because this is mainly one of the key investment for crypto traders and whales in the market. Bitcoin is for the future, we can only enjoyed the fulltime we've good entries on the project. Bitcoin have been promising and they've been the top project in the market. We understand how its filled with volatility but it doesn't pull any atom of fear because we have investors that are willingly to take bold steps in the market.

[Text]

While many altcoins might not pan out, there could be some with genuine use cases that emerge over time. Maybe there's a potential for altcoins to solve specific problems that Bitcoin can't.

I know  Bitcoin indeed stands out for its decentralization and finite supply, we can also consider the potential of some altcoins. Yes, many tokens may not live up to their promises, but some projects aim to solve real-world problems and offer innovative solutions beyond what Bitcoin offers. For instance, Ethereum with its smart contract functionality has paved the way for DApps and the rise of DeFi. Similarly, tokens associated with projects focusing on privacy (like Monero), scalability (like Solana), or interoperability (like Polkadot) bring unique value propositions to the table. There might be room for other players to coexist and bring value in different ways.

But of course, holding Bitcoin is still the best approach in the current cryptocurrency landscape, prioritizing quality over quantity when it comes to building a portfolio.

[famososMuertos]

You mention Finite for bitcoin, which is read or represented at most, but is actually 21 million

bitcoin, like any investment or possession of value, the third-party approach does not matter, which serves very well to guide doubts or discard, because at the end of everything it is your decision.

Bitcoin is a community that is supported by trust before anything else, so every new user, regardless of the amount of Satoshi they own, must trust.

Everything else in the crypto ecosystem can exist or coexist with bitcoin, and people decide what to trust, and then what to invest in, it's that simple.

[SickDayIn]

If you talk about utility, then it is unlikely to find altcoins that are useful, however, they are mainly tools for trading, and buying many of them simply means you are gambling with your funds. Everyone does what they want with their money, and a lot of bitcoiners also buy and store altcoins, but i guess it usually makes up the lesser percentage of their crypto portfolio.

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

I agree with you, so many altcoins cannot survive for the long term, and if you do not sell it quickly, they will become useless in your wallet. BTC is different because it is useful and there is real-world demand for its use cases.

I wholeheartedly agree with your comment about the utility of altcoins. A lot of different altcoins advertise and market how their token or blockchain is different from the rest from a utility perspective, but this is more so that they can appear unique and attract more people to trade and speculate on their price. Trading and speculating is a fools game of gambling effectively. Bitcoin is the only one you can hold long term.
 

[Bd officer]

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

Yes, Bitcoin is the best coin to hold for the long term. If someone wants to invest in cryptocurrency with risk then he should choose Bitcoin first. But if you have enough money then you can invest in some of the top altcoins in the market along with investing in Bitcoin. Currently seen some people who invest in altcoins for more profit, investing in altcoins will give more profit but more risk. Investing in Bitcoin gives low profit but the risk is very low, but in long term investment in Bitcoin can definitely earn you a lot of profit.

[Kelvinid]

~
What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

I would agree that Bitcoin is a long-term investment but we can't just then think that all altcoins are not like Ethereum as I believe it is worth investing long-term together with Bitcoin. Putting 60-70% to Bitcoin and the left is for ETH, I think that is a fair investment plan IMO. It does not mean I have no total trust in Bitcoin but why I do this is because I also believe that ETH is promising and profitable among altcoins. I can't just ignore the chance it has shown and for many years have passed, ETH has still shown impressive performance which is convincing enough.

But of course, it is an individual preference and we choose an investment that we think is worthy.

[jcojci]

Bitcoin is indeed the best for investing in crypto. Although many people invest in altcoins, they should have Bitcoin as their primary investment and continue to try to accumulate more Bitcoin. Altcoins can provide benefits, but we have to find the right altcoin, which is not easy. Altcoins can also be used as investments but are only short- and medium-term investments. Once we profit from some coins, we can sell them at a high price and look for other altcoins. At least, that's what people can use to profit from altcoins while still keeping Bitcoin as their primary investment.

[aylabadia05]

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

Do not believe too much about the site that displays a list of coins according to the ranking even though the coin ranking is good even though the coin is still new.
Why do I say like that because they can be paid to raise ratings and rankings or other mention can be manipulated.

Because Bitcoin is the only coin that is free from all manipulation. We hold Bitcoin because Bitcoin is a good value asset held in the long run.
Bitcoin currencies that will not be obsolete, others may not necessarily even end with disposal like shitcoin.

[Mpamaegbu]

According to CoinGecko, there are over 2.5 million cryptocurrencies (read more here: https://www.coingecko.com/research/publications/how-many-cryptocurrencies-are-there).

When I came into this space in January 2017, there were just about 750 of them. I took note of that because it was one of the things I used to gauge the industry then to see how lucrative it could be. I didn't realize it has grown this far already. 2.52 million cryptocurrencies; that's a huge number.

Let's also take BNB as an example. A market capitalisation of $86.74 Billion and ranked as the #4 coin overall. It is developed and owned by a private company, Binance. Their objective primarily is profit for their company.

Take it or leave it, every business exists to enrich itself (through profit making), I ain't talking of the scam ones among them. So, what CZ Binance does with his BNB isn't an abnormality. We can't say Binance, the exchange, hasn't energized this industry through its innovations. It has, of course, and in some ways has created new openings for businesses and projects to flow well.

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

Well, we can also say ETH is good too. The major thing dragging its growth back is its throat cutting gas fee.

[moneystery]

it is the investor's choice to be able to choose which coin he wants to invest in, because whether it is bnb, eth, btc, solana, and other popular coins they both have potential, so a person does not have to just hold bitcoin in their wallet.  however, for me personally, my portfolio consists of several coins with the largest share being bitcoin, because i also understand the risk of a decline in the price of bitcoin, so i invest in several coins to minimize potential losses.

[AnonBitCoiner]

If we're talking only about trust, then yes, I totally agree with you. But let's not forget that we also like to money so regarding that, I think there are coins and tokens with more potential growth compared to bitcoin, that already has a very big market cap, so it required a huge amount of money injection in bitcoin to make a 2x or 3x while some altcoins can easily make a 10x.

Some altcoins are more profitable than Bitcoin and their success is huge than Bitcoin but you should also not forget that they are not more trustworthy than Bitcoin therefore people often choose Bitcoin as they don't want to put their money at risk and lose their trust plus money.

Altcoins are many therefore you have to completely concentrate on trustworthy coins and among thousands of altcoins it becomes difficult to choose the right coins therefore choose either Bitcoin or top altcoins which will provide you slower profit but that will be sure.

There is no doubt that certain low price altcoins make you able to give you huge profit but that is not guaranteed always and you have to dive into such risky investment if you want to get huge profit faster.

[Z390]

Almost all (99.9%+ based on my opinion) of these are coins or tokens that have no purpose, and provide no value. They are centralised, have often unlimited supply or have been pre-mined with distributions allocated to the owners. The only intention of these projects is to make the creators richer, and take value away from everyone else.

Almost 99.9% is no difference to 100%, any mark that tops at 99.9% makes it a pass mark, but anyways, I disagree with this claim of yours because some altcoins have been around for years and they are doing fine till today.
Also altcoins have better returns of investment than Bitcoin, even as much as I like Bitcoin I will never talk bad against ALTs, is the problem the altcoins or the people building them? Because many people just point straight at altcoins forgetting that humans are the ones building the altcoins.

Some will fail, since Bitcoin is just one and altcoins are legions in numbers, the higher the number the higher the possible numbers of failed project, but man, there have been some great one so far, and they deliver what Bitcoin can never do.
Believe it or not, the existence of altcoins is why this space is crowdy today, many people cares only about altcoins and it favours them, the difference is we can never know how smart and strong the team of a new project is, either its going to fail or survive is hard to know, but still, the future builds are only possible on altcoins right now. Its a fact that I have learned to accept.

[Z-tight]

Bitcoin is a community that is supported by trust before anything else, so every new user, regardless of the amount of Satoshi they own, must trust.

This is only partly true. BTC operates on a trustless system, it is open source and anyone can verify everything about it, the users also control their funds, and they can also run their node and verify everything themselves locally. My point is that you do not have to trust anyone to use BTC, it is in centralized networks and custodial services that users need to trust the central authority that is in control.

[Iranus]

Believe it or not, the existence of altcoins is why this space is crowdy today, many people cares only about altcoins and it favours them, the difference is we can never know how smart and strong the team of a new project is, either its going to fail or survive is hard to know, but still, the future builds are only possible on altcoins right now. Its a fact that I have learned to accept.

I agree with you, I believe that without altcoins, the cryptocurrency industry would not be able to grow big and attract new investors every year. If you conduct a survey of new investors. I believe up to 90% of them entered this market because they were attracted by the x100, x1000 growth of meme projects, shitcoins being created, Bitcoin was never on their radar.

This is true and what is happening, but maximalist bitcoin investors are trying to deny this and they claim that it is bitcoin that attracts new investors, while altcoins are ruining reputation of the cryptocurrency industry.

As of now, my portfolio is over 70% bitcoin but I don't want to lie that investing in altcoins is bad, it's not as bad as many people are saying.

[arwin100]

If we're talking only about trust, then yes, I totally agree with you. But let's not forget that we also like to money so regarding that, I think there are coins and tokens with more potential growth compared to bitcoin, that already has a very big market cap, so it required a huge amount of money injection in bitcoin to make a 2x or 3x while some altcoins can easily make a 10x.

Some altcoins are more profitable than Bitcoin and their success is huge than Bitcoin but you should also not forget that they are not more trustworthy than Bitcoin therefore people often choose Bitcoin as they don't want to put their money at risk and lose their trust plus money.

Altcoins are many therefore you have to completely concentrate on trustworthy coins and among thousands of altcoins it becomes difficult to choose the right coins therefore choose either Bitcoin or top altcoins which will provide you slower profit but that will be sure.

There is no doubt that certain low price altcoins make you able to give you huge profit but that is not guaranteed always and you have to dive into such risky investment if you want to get huge profit faster.

Most of them are pump and dump then after we see those 1000% up or more which people want to see for sure those huge dumps will follow and those coins will usually get a hard time to recover. That's the risk of acquiring those alts especially if we got FOMO since for sure with that we will became their bag holder. That's why if they want to focus on long term holding then they should never look at those altcoins especially those new since the only thing they can get is to be scammed. If they go directly with bitcoin for sure that there's a good destination with their money and effort spent since bitcoin always prove that good profits are always given to those people who have good patience to invest their bitcoin for many years.

[Nrcewker]

Which coin one should hold, it completely depends on the person itself. Yes holding Bitcoins have many benefits, but a person should do his own research in order to do the investment. If you ask me then yes Bitcoins are the best coins to hold. They have the largest marketcap, they are limited in numbers and their popularity is increasing day by day. So what more a person wants now? Hence Bitcoins are the only option.

[oktana]

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

It’s true that so far no coin was able to do whatever bitcoin has done in our world.

Bitcoin is the pinnacle of crypto and for a long time it will be. However I believe that it still depends on the person whether they want to invest in bitcoin only or want to invest in other coins as well. Yes bitcoin is the best but some people are looking for other features that bitcoin really does not have. Some would also argue that bitcoin is too expensive now.

I think as long as one is making the right choice then they can do anything or invest in anywhere they want.

Yes it’s personal preference that matters at the end of the day. What you think to be appropriate may be what I strongly detest. Some people prefer to make money from altcoins and even memecoins despite the risks involved. Meanwhile there are people who prefer to take their chances with Bitcoin. Also, Preference is what determines how they’ll manage the risk. Someone may want to invest more in one thing than the other even if it was riskier, but it just sits right in their head.

[kotajikikox]

There is no other coin that can be trustworthy as bitcoin. Don’t be fooled with altcoins and be deceived with its too good to be true offers and opportunities.

Lots of projects often promise that they are going to be the next bitcoin. This should tell you a lot about just how successful bitcoin has been and how it has become the default standard of all to follow cryptocurrencies.

But still, make an extensive research prior to bitcoin investing so you will be aware of its risks and won’t make wrong decisions throughout the process.

Bitcoin is trustworthy but it still depends on you how huge or even if you’ll have any profit from investing in it.

[SickDayIn]

Many forum members are responding to this thread sharing that as Bitcoin is already so large in market capitalisation, they are more likely to get a 100x or higher return by "investing" into altcoins, which is why they are "holding" it in their portfolio. I have a few challenges to this argument.

The first is that, you are not actually "investing". You are simply speculating that the price of an altcoin in its fiat value will increase so you can sell it. This is not investing, this is gambling, trading, or speculating. The second is, you are not actually "holding" it when you say you are. You are intending to sell it for profit, not hold onto it indefinitely. My topic of discussion here is that Bitcoin is the only coin you should legitimately hold indefinitely. There is no intention to sell it at any fiat price conversion.

[Saint-loup]

Many forum members are responding to this thread sharing that as Bitcoin is already so large in market capitalisation, they are more likely to get a 100x or higher return by "investing" into altcoins, which is why they are "holding" it in their portfolio. I have a few challenges to this argument.

The first is that, you are not actually "investing". You are simply speculating that the price of an altcoin in its fiat value will increase so you can sell it. This is not investing, this is gambling, trading, or speculating. The second is, you are not actually "holding" it when you say you are. You are intending to sell it for profit, not hold onto it indefinitely. My topic of discussion here is that Bitcoin is the only coin you should legitimately hold indefinitely. There is no intention to sell it at any fiat price conversion.

I don't understand the point of buying an asset for holding it indefinitely. Why you would need that? And who would need that? People need money to buy goods and services, they don't need assets they will never touch, neither use during their lifetime. If they need something they won't touch, it would be more relevant to invest in paintings or housing for example. At least they could use it for something. In addition Bitcoin is less safe than physical assets, because it can be hacked, or you can lose it, if you lose your seed.

[avp2306]

Many forum members are responding to this thread sharing that as Bitcoin is already so large in market capitalisation, they are more likely to get a 100x or higher return by "investing" into altcoins, which is why they are "holding" it in their portfolio. I have a few challenges to this argument.

The first is that, you are not actually "investing". You are simply speculating that the price of an altcoin in its fiat value will increase so you can sell it. This is not investing, this is gambling, trading, or speculating. The second is, you are not actually "holding" it when you say you are. You are intending to sell it for profit, not hold onto it indefinitely. My topic of discussion here is that Bitcoin is the only coin you should legitimately hold indefinitely. There is no intention to sell it at any fiat price conversion.

I don't understand the point of buying an asset for holding it indefinitely. Why you would need that? And who would need that? People need money to buy goods and services, they don't need assets they will never touch, neither use during their lifetime. If they need something they won't touch, it would be more relevant to invest in paintings or housing for example. At least they could use it for something. In addition Bitcoin is less safe than physical assets, because it can be hacked, or you can lose it, if you lose your seed.

Also wonder why indefinite  time to hold since at first place we aim to get a profit from this investment and we should know when we sell also the target year we plan to execute that since if those investors doesn't have good plans on their holdings then provably they might fail.

Although I understand that its so good to hodl bitcoin but we should do a research to do something useful or have knowledge so no other thing can cut off our plans and we can stick until we reach those specific year then sell.
The asset you mention is good but for sure they would ignore that since what they know is they can earn a lot of money on bitcoin especially if they keep hodling since this is what has been said to them.

[dzungmobile]

I don't understand the point of buying an asset for holding it indefinitely. Why you would need that? And who would need that? People need money to buy goods and services, they don't need assets they will never touch, neither use during their lifetime. If they need something they won't touch, it would be more relevant to invest in paintings or housing for example. At least they could use it for something. In addition Bitcoin is less safe than physical assets, because it can be hacked, or you can lose it, if you lose your seed.

Hold for profit, not hold to die or hold to make it as inheritance for someone else.

Investment is tied with profit as a biggest purpose, and if as an investor, you say you don't care about profit, it's untrue. I agree with your counter back to that opinion, an investor must have clear strategy for investment.

Capital management, risk management and reserved money for things beyond investment. Then it will be easier to hold, but hold for chances to take profit, not hold forever.

DCA for purchases and DCA for taking profit are good idea.

Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you

[GbitG]

I don't understand the point of buying an asset for holding it indefinitely. Why you would need that? And who would need that? People need money to buy goods and services, they don't need assets they will never touch, neither use during their lifetime. If they need something they won't touch, it would be more relevant to invest in paintings or housing for example. At least they could use it for something. In addition Bitcoin is less safe than physical assets, because it can be hacked, or you can lose it, if you lose your seed.

Hmm that's true but I don't understand this mindset. It is understandable for someone to keep holding their assets if they haven't bought them to gain profit with them, but if someone has bought an asset so that they can get some profit from it once it goes up, then it doesn't make sense to keep holding it when they are getting good profits from it even when they know they will get more opportunities for buying at a lower price in the future.

If someone is getting enough profits and they know that the market can start crashing very soon, they shouldn't hold in such situations. They should sell their assets, use some of it if they need and hold the rest of the liquid assets so that they can buy again when the market goes down because we know that Bitcoin moves in a cycle and if there is a bull run, there will be a bear run as well.

[Huppercase]

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

You said a lot of paragraph but to me, you didn't say anything because holding Bitcoin isn't just all that, people hold Bitcoin because it's less risky when you look at it with other altcoins and it's mor more secure but you are saying another validations. People buy Bitcoin because it doesn't depend on other coins decisions but on its own, rest assure that if you hold Bitcoin in a year after halving you are likely to get a return under standard condition of markets.

However, altcoins are very risky, you are likely to lost your money invested if you are not proactive in your research and you might get scam aside from looking at what the market altcoin does. People don't feel safe when it comes to other coins but Bitcoin win this in every aspect which is why it remained the best coin over the years cryptocurrency has been in existence.

[Magic-Money]

Investment is a personal decision and choice which one has been make a personal research, which Bitcoin is the best Coin among other alt-coins and keep increasing in every four years of Bitcoin halving has already taken place. Therefore investing only Bitcoin is not too Smart. Because they're already established alt-coins in the cryptocurrency marketplace, that has been stabilize in the difference strong exchange market.

[LogitechMouse]

Re: Why you should only hold Bitcoin

Only a maximalist will do this. Holding Bitcoin, and Bitcoin only? Only they can do that.
As for most of us here, we might've a huge allocation on Bitcoin, but we aren't holding Bitcoin alone instead, we are holding some altcoins as well for profit.

You don't trust those top altcoins? You only trust Bitcoin because it's the top cryptocurrency, or because it's decentralized or whatever. I don't think that's a good argument to start with. I will not say a specific altcoin, but I don't think that not trusting them at all is good because after all, we need to diversify at least our portfolio to increase our earnings. At the end of the day, we including Bitcoin will all be sold for profits. Some altcoins can be a good long term hold as well especially those top coins.

Don't fantasize Bitcoin and tell here that it's the only coin that we can trust. Well there might be some here who only focuses on Bitcoin, and telling to other people to only buy Bitcoin just like what OP is doing, but we have different strategies in investing, and buying Bitcoin as well as altcoins is what works for me.

[OgNasty]

While I believe that Bitcoin should be a necessary part of any investment portfolio, I can’t agree that it should be your exclusive investment. Historically speaking diversified investors have always had more success and staying power than those who put all their eggs in one basket. While I believe in Bitcoin, I’m not mad at anyone who wants to diversify their digital investment portfolio.

[mirakal]

While I believe that Bitcoin should be a necessary part of any investment portfolio, I can’t agree that it should be your exclusive investment. Historically speaking diversified investors have always had more success and staying power than those who put all their eggs in one basket. While I believe in Bitcoin, I’m not mad at anyone who wants to diversify their digital investment portfolio.

You know it’s actually your own choice if you stick to bitcoin or diversify your investments. But if you are still a beginner, sticking to bitcoin will create more guarantees that you will end up with bigger profits most especially if you hold it for quite long years. Unlike if you risk your funds into altcoins, there will be more risks and pressure with these type of coins since they are just a pump and dump scheme, and you might only end up losing all your capital before you see your real profits in the process.

However, if you are talking investing in different assets like stocks or real estate, well I think it would be a good idea but as for me, I will only invest in them after having extra profits from bitcoin.

[dmamigo]

I have read many informative opinions from various people on this topic. I understand people love Bitcoin over any other alternative cryptocurrencies and this is absolutely fine.
Bitcoin is a store value and in my opinion, as well Bitcoin is like the USD of the global crypto industry if you try to see in that perspective.

Now, does holding Bitcoin only would help you? Is it a wise choice/decision? Well, this is also a matter of perception but whatever I have learned, one should not put all his capital in one asset. I know there are now multiple cryptos or tokens as per the OP, floating around but out of them there are few that will make it big like Bitcoin. To find this, take nobody's help because life is uncertain and unpredictable.
There is only one thing, just research. Don't read anyone else's research as this world is manipulative.

Holding Bitcoin or any other crypto that is highly volatile for the long term might be a mistake because of liquidity issues and FOMO effect.

Liquidity issue: You require some money and want to encash Bitcoin for some fiat but the market is falling. There is a possibility that you may not find a buyer because buyers will expect it to fall more and then they will buy.

FOMO issue: Whenever the price is falling and we sell it at a lower cost than the ATH(all-time high), most of the people will have this feeling, that the price might have gone up if I could hold it for a few more months maybe.

I would like to conclude by saying, just think, and research on your own. Don't hold on to any crypto for too long unless you don't care about the capital (this is a psychology BTW) and invest in other cryptos and any other blockchain products if your research says it has potential. Trust it.

[Gladitorcomeback]

While I believe that Bitcoin should be a necessary part of any investment portfolio, I can’t agree that it should be your exclusive investment. Historically speaking diversified investors have always had more success and staying power than those who put all their eggs in one basket. While I believe in Bitcoin, I’m not mad at anyone who wants to diversify their digital investment portfolio.

Exactly, because it's not wise to ignore the success of other cryptocurrencies just because you believe Bitcoin is the best. It is the best, no one is denying that, but it doesn't mean you should invest everything you have in it. There are hundreds of opportunities out there, and if you are in it for the profits, you need to explore those opportunities instead of being stubborn and thinking that you wouldn't invest in any other asset except Bitcoin because it is the best.

Just like you said, people who diversify their portfolios tend to earn more profit at the end because despite the fact that Bitcoin provides good returns, there are altcoins that can generate better returns than it because they have lower values which means more potential for them to gain higher values in the future.

[SickDayIn]

While I believe that Bitcoin should be a necessary part of any investment portfolio, I can’t agree that it should be your exclusive investment. Historically speaking diversified investors have always had more success and staying power than those who put all their eggs in one basket. While I believe in Bitcoin, I’m not mad at anyone who wants to diversify their digital investment portfolio.

Exactly, because it's not wise to ignore the success of other cryptocurrencies just because you believe Bitcoin is the best. It is the best, no one is denying that, but it doesn't mean you should invest everything you have in it. There are hundreds of opportunities out there, and if you are in it for the profits, you need to explore those opportunities instead of being stubborn and thinking that you wouldn't invest in any other asset except Bitcoin because it is the best.

Just like you said, people who diversify their portfolios tend to earn more profit at the end because despite the fact that Bitcoin provides good returns, there are altcoins that can generate better returns than it because they have lower values which means more potential for them to gain higher values in the future.

That is the issue, "if you are in it for the profits". Exploring alt coins as part of your long term holdings is still gambling and speculating that hopefully you'll hit big or significantly multiple what you've put in. Holding Bitcoin is a long term storage of wealth, and I believe Bitcoin is the only digital currency which will challenge the entire fiat monetary system altogether.

[Questat]

That is the issue, "if you are in it for the profits". Exploring alt coins as part of your long term holdings is still gambling and speculating that hopefully you'll hit big or significantly multiple what you've put in. Holding Bitcoin is a long term storage of wealth, and I believe Bitcoin is the only digital currency which will challenge the entire fiat monetary system altogether.

It is gambling if we choose hyped projects and shitcoins but if we are just about to invest in ETH, I don't think is a waste of time and money. Of course, it is a different assurance when choosing Bitcoin as we know that it is more profitable long-term and the belief that it will stay valuable many years from now. As we expect more adaptions, the more it gives us confidence that its price continue to increase as the demand keeps on rising as well. There are regrets in holding this is the thing we should understand rather than get into FOMO and panic when there are FUDs and market decline. 

[Natsuu]

While I believe that Bitcoin should be a necessary part of any investment portfolio, I can’t agree that it should be your exclusive investment. Historically speaking diversified investors have always had more success and staying power than those who put all their eggs in one basket. While I believe in Bitcoin, I’m not mad at anyone who wants to diversify their digital investment portfolio.

Yes there's no hate in it. But if you compare Bitcoin to other Altcoins now especially on new ones, it is safer to put your money now in Bitcoin, especially in some sort of market correction after creating a new ATH. That if price rally again leaded by BTC, risk will get lower and then that's a signal to diversify since more Altcoins will follow Bitcoin price action. That is for me, you keep your money and asset flowing so it may generate more money by value appreciating overtime.

[coolcoinz]

I agree with OP and this is how I usually describe things to people who tell me they should own altcoins because they're cheaper and have more potential to grow. I tell them that owning bitcoin may feel like something risky but owning altcoins is adding on top of that risk because altcoins react to problems of bitcoin and the whole cryptocurrency ecosystem, but their price also reacts to their own problems, problems of their inventors and even people who advertise them. There's no reason to add risk on top of risk.

[CryptoHeadlineNews]

Let's also take BNB as an example. A market capitalisation of $86.74 Billion and ranked as the #4 coin overall. It is developed and owned by a private company, Binance. Their objective primarily is profit for their company. Yes the owners have alterior and philosophical plans, but ultimately they need to keep their company profitable. They have offered some technologies, like Binance Smart Chain, and they have their own exchange, but we cannot forget that they MUST turn a profit on their projects as an organisation, and releasing a coin like BNB is to benefit THEIR interests primarily. They can and will change things as they please, you do not want to hold something where the rules can change at any moment.

And which is why Bitcoin remains the best and only asset/cryptocurrency suitable for long term investment, whereby it's investor could have rest of mind for fund security, unlike the rest altcoins which if you are unlucky likely to fall victim to scam project and lose all your money. Because just as we just crossed the 4th halve of Bitcoin, there is a every tendency it's price likely to skyrocket higher any moment from now, which is why this period is the best opportunity for people to accumulate as much Bitcoin as they can, because if it's price goes up, it will be difficult to accumulate as much as you will be privilege to accumulate now, as it has been predicted that the price of Bitcoin will likely hit $100k to $150k before the end of this year 2024.

[Sonia_123]

As a bitcoiner , you must have experienced or read about other cryptocurrency which difference are very clear like having a
Low cost fees,during transaction  the charges are very small which makes it easier and comfortable for it's users compared to other cryptocurrency .
Also it's Trading fees are low which makes more forex trader accept it and also want to hold unto bitcoin , it gives users more privileges during inflation and protects them from currency devaluation .
The security of Bitcoin is protected and secured by crypto graphy.their network can't be tempered by any one, their private keys , funds and transactions are secured except you tell any one, because of your carelessness , your funds and transactions are safe and it's decentralization method. Bitcoin investment is real, investing and holding bitcoin secures your future generations and remove them from lack of cash and poverty.

[yazher]

Bitcoin's popularity among all the altcoins is continuously increasing due to popular demand and you also have a scenario where its price remains on top despite all ugly accusations against by its enemies including banks and other sectors that get affected when Bitcoin emerges. Of all the cryptocurrencies currently available right now, Bitcoin is the only secured investment opportunity that you could keep in your crypto wallet without worrying about any prevention to withdraw it like your ATM card or being manipulated by its creators like ETH, BNB, and any other altcoins out there.

[CryptoBuds]

While I believe that Bitcoin should be a necessary part of any investment portfolio, I can’t agree that it should be your exclusive investment. Historically speaking diversified investors have always had more success and staying power than those who put all their eggs in one basket. While I believe in Bitcoin, I’m not mad at anyone who wants to diversify their digital investment portfolio.

Exactly, because it's not wise to ignore the success of other cryptocurrencies just because you believe Bitcoin is the best. It is the best, no one is denying that, but it doesn't mean you should invest everything you have in it. There are hundreds of opportunities out there, and if you are in it for the profits, you need to explore those opportunities instead of being stubborn and thinking that you wouldn't invest in any other asset except Bitcoin because it is the best.

Just like you said, people who diversify their portfolios tend to earn more profit at the end because despite the fact that Bitcoin provides good returns, there are altcoins that can generate better returns than it because they have lower values which means more potential for them to gain higher values in the future.

That is the issue, "if you are in it for the profits". Exploring alt coins as part of your long term holdings is still gambling and speculating that hopefully you'll hit big or significantly multiple what you've put in. Holding Bitcoin is a long term storage of wealth, and I believe Bitcoin is the only digital currency which will challenge the entire fiat monetary system altogether.

You don't join this market for profit because what are you here for? In addition, whether long-term or short-term investment depends on the project, no one is stupid to invest long-term in high-risk projects. We enter this market to make money, not to prove who is right or wrong and in my opinion, as long as whoever makes more profit is the winner.

By the way, you should give up the illusion that bitcoin will challenge the monetary system, I don't even see anyone mentioning it as a currency, people just consider it as an asset, an investment. Frankly, bitcoin's path to becoming a currency was doomed from the start.

[Gladitorcomeback]

I agree with OP and this is how I usually describe things to people who tell me they should own altcoins because they're cheaper and have more potential to grow. I tell them that owning bitcoin may feel like something risky but owning altcoins is adding on top of that risk because altcoins react to problems of bitcoin and the whole cryptocurrency ecosystem, but their price also reacts to their own problems, problems of their inventors and even people who advertise them. There's no reason to add risk on top of risk.

There is risk in trading altcoins, of course, but there are potential profits attached to that risk as well and that is what most traders strive for. So even though it's true that Bitcoin contains the lowest amount of risks when it comes to making investments in this industry, diversification can be a good thing in times because a lot of altcoins tend to have a higher growth level when compared to Bitcoin. After all, their prices are way lower than it so an investment of $1m in an altcoin would make it gain a higher value compared to an investment of $1m in Bitcoin.

This is why it is always good to at least have a few altcoins in your portfolio. I don't say one should invest in a lot of altcoins because I'm also not a fan of over-diversification, but I'd say that investing in Bitcoin alone would give you profits but having a diversified portfolio can perform better in times.

[mvdheuvel1983]

There are several reasons why we should hold Bitcoin only, Bitcoin is very trusted amd reliable I know that this has been said countless times yea, but we won't stop saying it, Bitcoin is one of a kind when it comes to the world of digital asset, though the percentage of bitcoin in terms of profit is sufficient in a short term holding, that's why it is advisable for everyone to tightly hold for a longer term, bitcoin has considered the world of coin and place itself high above any fiat currency and digital currency respectively, we can go on and on to virtualize the benefit of holding Bitcoin, i wont doubt the fact that people had benefited in altcoin too but Bitcoin remains the major coin to hold.

[Z_MBFM]

There are several reasons why we should hold Bitcoin only, Bitcoin is very trusted amd reliable I know that this has been said countless times yea, but we won't stop saying it, Bitcoin is one of a kind when it comes to the world of digital asset, though the percentage of bitcoin in terms of profit is sufficient in a short term holding, that's why it is advisable for everyone to tightly hold for a longer term, bitcoin has considered the world of coin and place itself high above any fiat currency and digital currency respectively, we can go on and on to virtualize the benefit of holding Bitcoin, i wont doubt the fact that people had benefited in altcoin too but Bitcoin remains the major coin to hold.

Yes, Bitcoin is a coin with a lot of trust and if you invest here, there is a possibility of loss, but there is no fear of being scammed, and there is also the possibility of getting huge profits, so these can be strong enough reasons to want to invest in Bitcoin. In the crypto era only Bitcoin can be fully trusted and invested in with confidence. Because of this, many are not hesitating to invest in Bitcoin even after selling their other valuable assets

[OgNasty]

Regardless of all the great reasons why someone should be Bitcoin only, I think it is a bit irresponsible to have all of your eggs in one basket.  Bitcoin isn't bulletproof (it's not a Cybertruck) and someone could figure out an exploit tomorrow that makes Bitcoin worthless overnight.  I actually think it is even a bit irresponsible for someone to have all their savings in a single asset.  That being said, it certainly happens quite frequently.  Real estate investors for example tend to have all their value in real estate and even leverage it with loans.  Many lost everything in 2008.  If something like that happens in crypto, don't be the guy who went from being a millionaire to eating at a soup kitchen.  Diversify.  It is important for more reasons than just the best possible return.

[mvdheuvel1983]

There are several reasons why we should hold Bitcoin only, Bitcoin is very trusted amd reliable I know that this has been said countless times yea, but we won't stop saying it, Bitcoin is one of a kind when it comes to the world of digital asset, though the percentage of bitcoin in terms of profit is sufficient in a short term holding, that's why it is advisable for everyone to tightly hold for a longer term, bitcoin has considered the world of coin and place itself high above any fiat currency and digital currency respectively, we can go on and on to virtualize the benefit of holding Bitcoin, i wont doubt the fact that people had benefited in altcoin too but Bitcoin remains the major coin to hold.

Yes, Bitcoin is a coin with a lot of trust and if you invest here, there is a possibility of loss, but there is no fear of being scammed, and there is also the possibility of getting huge profits, so these can be strong enough reasons to want to invest in Bitcoin. In the crypto era only Bitcoin can be fully trusted and invested in with confidence. Because of this, many are not hesitating to invest in Bitcoin even after selling their other valuable assets

I absolutely agree that Bitcoin is scam free, Bitcoin is know and has only one logo no matter how people manipulate the logo and whatever it is still Bitcoin we know but in other coins different coin with different logo and speculations of being better than the other, this is where scam come in, yea the major reason people take the decision of investing in Bitcoin after selling their meaningful assets is because of the fact that Bitcoin is inflation free, there are individuals that understand this,  so what they do is to keep investing not minding the price at that time knowing fully well that in time coming they will definitely get their profit in quantum depending on the amount they invested, in nutshell, Bitcoin remains the best coin.

[Minor Miner]

There are several reasons why we should hold Bitcoin only, Bitcoin is very trusted amd reliable I know that this has been said countless times yea, but we won't stop saying it, Bitcoin is one of a kind when it comes to the world of digital asset, though the percentage of bitcoin in terms of profit is sufficient in a short term holding, that's why it is advisable for everyone to tightly hold for a longer term, bitcoin has considered the world of coin and place itself high above any fiat currency and digital currency respectively, we can go on and on to virtualize the benefit of holding Bitcoin, i wont doubt the fact that people had benefited in altcoin too but Bitcoin remains the major coin to hold.

Yes, Bitcoin is a coin with a lot of trust and if you invest here, there is a possibility of loss, but there is no fear of being scammed, and there is also the possibility of getting huge profits, so these can be strong enough reasons to want to invest in Bitcoin. In the crypto era only Bitcoin can be fully trusted and invested in with confidence. Because of this, many are not hesitating to invest in Bitcoin even after selling their other valuable assets

I absolutely agree that Bitcoin is scam free, Bitcoin is know and has only one logo no matter how people manipulate the logo and whatever it is still Bitcoin we know but in other coins different coin with different logo and speculations of being better than the other, this is where scam come in, yea the major reason people take the decision of investing in Bitcoin after selling their meaningful assets is because of the fact that Bitcoin is inflation free, there are individuals that understand this,  so what they do is to keep investing not minding the price at that time knowing fully well that in time coming they will definitely get their profit in quantum depending on the amount they invested, in nutshell, Bitcoin remains the best coin.

I have not seen anyone say that bitcoin is not the best currency on the market, nor have I seen anyone say that bitcoin is not worth investing in. This is obvious, why do we keep repeating this? Also, bitcoin is the best but that doesn't mean we have to focus only on it. Just like when comparing bitcoin with gold or real estate, bitcoin is not the best but why doesn't anyone encourage investing in gold or real estate?
It all depends on each person's preferences. If you like safety, top assets like bitcoin, gold...are the choice. If you want to take risks for greater rewards, altcoins are the choice. Don't try to impose your thoughts on others and hate them just because they don't think like you.

[leonair]

I have not seen anyone say that bitcoin is not the best currency on the market, nor have I seen anyone say that bitcoin is not worth investing in. This is obvious, why do we keep repeating this? Also, bitcoin is the best but that doesn't mean we have to focus only on it. Just like when comparing bitcoin with gold or real estate, bitcoin is not the best but why doesn't anyone encourage investing in gold or real estate?
It all depends on each person's preferences. If you like safety, top assets like bitcoin, gold...are the choice. If you want to take risks for greater rewards, altcoins are the choice. Don't try to impose your thoughts on others and hate them just because they don't think like you.

I agree with your opinion, investment definitely depends on one's personal preferences and skill of that person. If his analysis skills are good then he will never invest only in Bitcoin, he will choose different altcoins for short-term investment. It is not correct that all altcoins are bad or scam. Apart from investment in Bitcoin, a large marketcap in cryptocurrencies is occupied by altcoins. But bitcoin is the best for those who don't have enough knowledge to analysis.

[0t3p0t]

According to CoinGecko, there are over 2.5 million cryptocurrencies (read more here: https://www.coingecko.com/research/publications/how-many-cryptocurrencies-are-there).

You can read more information for

How many cryptocurrencies failed, dead?
How many Bitcoin forks are dead?

Then you will see more risk from altcoins (Bitcoin forks are altcoins too) and make your investment decisions more carefully and have more fear about altcoins, then avoid altcoins for your portfolio in long term.

Dead Coins: Over 50% of Cryptocurrencies Have Failed
How many Bitcoin forks are there?

Yes, there have been thousands of failed, scam and useless altcoins but I don't think we should avoid all altcoins. I have no objection to someone investing only in bitcoin because it is the safest currency on the market. But let me ask, if we only talk about profits, what about altcoins like ETH, Link, Near, Solana...? If I remember correctly, ETH was created in 2013 and it is still growing bigger every day until now, the initial investors in it are making huge profits. Similarly, solana was expected to die when FTX collapsed but look at what it has done over the past year from $13 and it is trading above $140.

Yeah Altcoins has huge potentials really I am personally into Altcoins right now because I can buy some of them with my smaller funds but my plan is that all my profits in Altcoins will surely be converted to Bitcoin. I can't buy some Bitcoins with my small fiat money but I can do that on Altcoins I am into quantity right now because I can't do that with Bitcoin.

[arjunmujay]

~
bitcoin is the best for those who don't have enough knowledge to analysis.

What do you mean, all of us here who persist in holding bitcoin here have no knowledge? just buy and wait for the price to shoot up?
Bitcoin holders go even further than just analyzing, there is a lot that can be taken into account here. In fact, for bitcoin investors who really analyze in depth, there is no longer any place in their portfolio for altcoins. In fact, the analysis they make is very in-depth beyond the analysis of altcoins.

[Adams0001]

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

It’s true that so far no coin was able to do whatever bitcoin has done in our world.

Bitcoin is the pinnacle of crypto and for a long time it will be. However I believe that it still depends on the person whether they want to invest in bitcoin only or want to invest in other coins as well. Yes bitcoin is the best but some people are looking for other features that bitcoin really does not have. Some would also argue that bitcoin is too expensive now.

I think as long as one is making the right choice then they can do anything or invest in anywhere they want.

Bitcoin is the best coin to buy and invest in for the long term that will minimize your risk without losing enough money. Most people like taking risks to get huge profits, which is why you will see many people buying another coin to get big profits if he favors them. It will be very hard to see investors focusing on one aspect and rotating in different coins that they see as profitable, but you can trust the coin more than Bitcoin because anytime the coin decrease, he will be very hard to raise again to get your capital back and profit. but if is Bitcoin he will minimise your risk he won't just drops down too much he will just a few that you won't lose money to much on it.

I used to tell some people who are scared of crypto investment that they should just invest in bitcoin because it is the only coin that doesn't disappoint like other coins. If you can be patient and invest in bitcoin for the long term, even if you lose, you will probably get your capital back if you don't try to sell them as lose because he will raise again no matter what, but some coins if they drop they don't raise again, some lose value, and you can't get your capital back  if you didn't try to sell them as lose because he will raise again no matter what. but some coin if they drop they don't raise again some lose value and you can't get your capital back that is why they like newbies to just invest in bitcoin then taking risk to invest in another coins, if they are interesting in crypto investment.

[CageMabok]

Yeah Altcoins has huge potentials really I am personally into Altcoins right now because I can buy some of them with my smaller funds but my plan is that all my profits in Altcoins will surely be converted to Bitcoin. I can't buy some Bitcoins with my small fiat money but I can do that on Altcoins I am into quantity right now because I can't do that with Bitcoin.

The strategy you use is actually not bad if in the end you convert the profits you get to Bitcoin because on the one hand you still quite like Bitcoin even though you are hindered by the amount of money you have when you want to buy Bitcoin. However, for me this is not an excuse because Bitcoin can also be bought with small amounts of money, but with this kind of strategy it is also quite good as long as you don't keep altcoins for a long time. Or do you just use altcoins as a stepping stone to be able to buy Bitcoin through the profits you get from altcoins.

[synchronym]

Before investing you must decide where you want to invest whether you want to invest in bitcoin or you want to invest in altcoin. In my opinion bitcoin is safer to invest than altcoin. I won't say that investing in altcoin is not good, of course you can invest in altcoin if you want, but investing in bitcoin is more profitable than altcoin. Bitcoin investment requires you to acquire enough knowledge about the Bitcoin market. You must check the market and then invest. Bitcoin investment always requires you to have a long-term plan. Many times it is seen that we lose patience in Bitcoin investment. Patience is very important. We should not lose patience. If we invest with patience and plan, surely we can get success through Bitcoin investment.

[Baki202]

~
bitcoin is the best for those who don't have enough knowledge to analysis.

Holding does not have any serious work, the work will come when you want to do analysis that is when you need good knowledge to be able to mine out profits so but holding you just buy and hold but even at the expense of holding you still need to have knowledge on what you are holding and what you are buying, so that you don’t even get scammed.

What do you mean, all of us here who persist in holding bitcoin here have no knowledge? just buy and wait for the price to shoot up?
Bitcoin holders go even further than just analyzing, there is a lot that can be taken into account here. In fact, for bitcoin investors who really analyze in depth, there is no longer any place in their portfolio for altcoins. In fact, the analysis they make is very in-depth beyond the analysis of altcoins.

Both holding or trading you still need to have basic knowledge on you assets, that way you don’t need anyone to do anything for you when you need to make withdrawals and you can also hold your assets your self and there is no way anyone can do that without have knowledge because a lot of people have lost their assets just because they entrusted it to someone else, personally I have trust issues, when it comes to my business I need to have the whole knowledge to be able to manage it well. So as holding is easy the same way knowledge is important, do your homework well.

[ndutndut]

There are several reasons why we should hold Bitcoin only, Bitcoin is very trusted amd reliable I know that this has been said countless times yea, but we won't stop saying it, Bitcoin is one of a kind when it comes to the world of digital asset, though the percentage of bitcoin in terms of profit is sufficient in a short term holding, that's why it is advisable for everyone to tightly hold for a longer term, bitcoin has considered the world of coin and place itself high above any fiat currency and digital currency respectively, we can go on and on to virtualize the benefit of holding Bitcoin, i wont doubt the fact that people had benefited in altcoin too but Bitcoin remains the major coin to hold.

Bitcoin will remain number one, because someone who invests in crypto without holding bitcoin is a big mistake and needs to question their investment objectives because bitcoin is a future asset that we must have in our portfolio.

Many of Atltcoin are scams and failures. However, there are several altcoins that have a future, such as ETH and BNB, which to date have never disappointed their holders. In my opinion, before buying altcoins, try to update reliable news so you can find out the advantages and disadvantages of each coin which continues to increase. Beginners usually buy altcoins that have a very large market capitalization so they can be held for a long period of time and don't have to worry about the ups and downs of an asset's price.

I myself invest in Bitcoin and Altcoins. Of course, I definitely allocate the largest amount of funds to Bitcoin because Bitcoin is like savings for the future.

The altcoins that I currently hold are ETH, BNB and Matic. Hopefully the bitcoins and altcoins that I invest in can produce results in the future so that financial freedom can be created.

[Kristiyana]

Bitcoin is the head of All cryptocurrency and that makes bitcoin more popular in the world, bitcoin also happens to be the most profiting and reliable coin in terms of investment the risk involve in bitcoin investment is very low compared to the risk in altcoins and meme, that is why most investors prefer to hold only bitcoin, regardless to the time it will take them before they can get profit from bitcoin investment, Bitcoin investment is all about been patient to hold it for Long term.

[Minor Miner]

I have not seen anyone say that bitcoin is not the best currency on the market, nor have I seen anyone say that bitcoin is not worth investing in. This is obvious, why do we keep repeating this? Also, bitcoin is the best but that doesn't mean we have to focus only on it. Just like when comparing bitcoin with gold or real estate, bitcoin is not the best but why doesn't anyone encourage investing in gold or real estate?
It all depends on each person's preferences. If you like safety, top assets like bitcoin, gold...are the choice. If you want to take risks for greater rewards, altcoins are the choice. Don't try to impose your thoughts on others and hate them just because they don't think like you.

I agree with your opinion, investment definitely depends on one's personal preferences and skill of that person. If his analysis skills are good then he will never invest only in Bitcoin, he will choose different altcoins for short-term investment. It is not correct that all altcoins are bad or scam. Apart from investment in Bitcoin, a large marketcap in cryptocurrencies is occupied by altcoins. But bitcoin is the best for those who don't have enough knowledge to analysis.

I don't object when people like to play it safe and only invest in bitcoin and I respect their decision. But it's ironic that many people who lack knowledge and don't dare to risk looking for bigger opportunities think that bitcoin is the only investment, and altcoins are useless.

As an investor, we should not be stubborn and too stubborn to ignore bigger opportunities. Many people in the past, because of their stubborn attitude, missed the opportunity to buy bitcoin under 1 USD, 10 USD and 100 USD... and now they regret it. I am not saying that altcoins will be as good as bitcoin but there is no denying that many altcoins are bringing huge profits just like bitcoinn. Look at how early investors in ETH, BNB, SOl...they are reaping huge profits.

[boty]

Before investing you must decide where you want to invest whether you want to invest in bitcoin or you want to invest in altcoin. In my opinion bitcoin is safer to invest than altcoin. I won't say that investing in altcoin is not good, of course you can invest in altcoin if you want, but investing in bitcoin is more profitable than altcoin. Bitcoin investment requires you to acquire enough knowledge about the Bitcoin market. You must check the market and then invest. Bitcoin investment always requires you to have a long-term plan. Many times it is seen that we lose patience in Bitcoin investment. Patience is very important. We should not lose patience. If we invest with patience and plan, surely we can get success through Bitcoin investment.

I think both investments require good knowledge and understanding of these two things and we should not decide to start without understanding and knowledge about these investments, whether investing in Bitcoin or Altcoin both have the risk of losing the money we invest if we don't understand them well. well and investing in Bitcoin requires us to be able to survive for a long period of time so we can get profits on both investments and on Altcoins we can also get profits if we choose the right type of Altcoin that we will invest in, I agree with you that we must be able to be patient with the investments we make so that we don't do it greedily which means we won't be able to get a profit from the investment.

[Essential10]

Of all the coins in crypto-currencies, no matter how deep the pits they fall, Bitcoin is always rising from the pits. People put their faith in him who gets up after stumbling again and again. While there is only altcoins and meme buzz around, people are putting Bitcoin ahead of the investment. Bitcoin's value is out of touch with all other coins. People have different plans when it comes to investment but I think those who want to invest in long-term projects for the next few years should definitely invest in Bitcoin. Investments should be made where the risk is least, don't you think Bitcoin is the least risky of all coins.

[wallet4bitcoin]

Irrespective of the points stated/given, I find this topic rather limited  (I mean no offence)

It's like telling people to buy into and hold one type of asset class simply because a greater percentage of people believe in that asset class more than the others and prefer to hold. Even though Bitcoin is considered as a store of value, it still doesn't make an investor limit his investments. There are other solutions that does issue value proposition such as Bitcoin also, why narrow down your option to Bitcoin alone.

[Negotiation]

Bitcoin is always considered to be the best currency among all crypto coins. Even if the price of this currency decreases it skyrockets over time. Other coins are not so reliable and have little chance of going up if the price goes down. Most of the currencies in crypto go up depending on the price of bitcoin. Compared to that bitcoin is strong currency and everyone's first choice for investment. Investing in bitcoin can be profitable. The price of bitcoins rises dramatically in a short period of time. Investments in bitcoin are less likely to shrink.

[cryptoWODL]

I think both investments require good knowledge and understanding of these two things and we should not decide to start without understanding and knowledge about these investments, whether investing in Bitcoin or Altcoin both have the risk of losing the money we invest if we don't understand them well.

If we invest then it is more important for us to have investment related knowledge and experience. If we are not experienced about investments, we cannot start our investment journey properly, as a result of which we may stumble in the beginning of investment. There are a variety of coins to invest in the cryptocurrency market, with Bitcoin at the center of investor choice. People invest not only in Bitcoin but also in various altcoins, they even invest in Memcoin. People who have a sound understanding of investing and who have the ability to analyze the market invest in altcoins but they invest in potential altcoins instead of all altcoins. And those who do not have a proper understanding of investment are unable to choose the right currency for investment without understanding which makes them more likely to lose.

[Marvell1]

I think both investments require good knowledge and understanding of these two things and we should not decide to start without understanding and knowledge about these investments, whether investing in Bitcoin or Altcoin both have the risk of losing the money we invest if we don't understand them well.

If we invest then it is more important for us to have investment related knowledge and experience. If we are not experienced about investments, we cannot start our investment journey properly, as a result of which we may stumble in the beginning of investment. There are a variety of coins to invest in the cryptocurrency market, with Bitcoin at the center of investor choice. People invest not only in Bitcoin but also in various altcoins, they even invest in Memcoin. People who have a sound understanding of investing and who have the ability to analyze the market invest in altcoins but they invest in potential altcoins instead of all altcoins. And those who do not have a proper understanding of investment are unable to choose the right currency for investment without understanding which makes them more likely to lose.

Knowledge and experience are the top essentials when investing, knowledge is the key factor that determines our success or failure, not the type of asset. Many stock, gold or real estate investors are still becoming the most successful and wealthy people in the world without needing bitcoin. So let's not exaggerate too much about bitcoin and disparage other assets when our knowledge is not equal to anyone else's. 

I believe that a person with complete knowledge and they invest in altcoins will even earn many times better profits than investing in bitcoin. And the final result is what's important, so investing in bitcoin or altcoin will depend on each person's knowledge and preferences. No asset is worth investing in and is not worth investing in when our knowledge is zero.

[Onyeeze]

Bitcoin is always considered to be the best currency among all crypto coins. Even if the price of this currency decreases it skyrockets over time. Other coins are not so reliable and have little chance of going up if the price goes down. Most of the currencies in crypto go up depending on the price of bitcoin. Compared to that bitcoin is strong currency and everyone's first choice for investment. Investing in bitcoin can be profitable. The price of bitcoins rises dramatically in a short period of time. Investments in bitcoin are less likely to shrink.

other coins have the chance to increase when the price drop in the market because it is when known that the price of Bitcoin Skyrocket other price of cryptocurrencies especially altcoins because without bitcoin experiencing a bullish season I don't think that any other coin can be positive in the market so if bitcoin price decreases in the market if the affected them why if the price of Bitcoin increases in the market it will also help the market of cryptocurrency to increase mostly the valuable coins and the new altcoins that been launched

[pawanjain]

The thing is that bitcoin has been giving out amazing returns since the beginning.
Since it's the first cryptocurrency and has been on the top rank since inception, people have developed a strong trust on it.
This is the reason why there are a lot of strong holders holding bitcoin.
But then again, it does not mean that we shouldn't diversify our portfolio. We should keep investing in promising altcoins.
We should actively track our portfolio and keep rotating our money in valuable assets.

Valuable asset like Altcoin, lol. If you're still in the early stage of accumulation I don't see any need diversifying your portfolio with altcoins. In as much as diversifying is good, you can invest in Real Estate,  and other promising and profitable physical assets.

Rotating money with altcoins is simply you accepting a death sentence, am not saying it's all bad but as far as you haven't accumulated much of bitcoin or have a solid portfolio no need to mix it up with shitcoins, invest in a tested and proven asset not some made up coins used for profit making without any foundation. It more or less gambling because you can't assure the state of those altcoins and the best advice I can give is if you have made some profits don't wait, use it.
At last everyone will learn.

That's the reason why I have explicitly mentioned "promising altcoins" and not just any random shitcoins.
I know there are thousands of shitcoins out there but I am not talking about any of them.
There are promising altcoins out there like ETH which should be a part of our portfolio for diversification.
But yes, I do agree with you on the point that our portfolio size should be big enough with bitcoin before we look into diversification.

[Gaza13]

Bitcoin is always considered to be the best currency among all crypto coins. Even if the price of this currency decreases it skyrockets over time. Other coins are not so reliable and have little chance of going up if the price goes down. Most of the currencies in crypto go up depending on the price of bitcoin. Compared to that bitcoin is strong currency and everyone's first choice for investment. Investing in bitcoin can be profitable. The price of bitcoins rises dramatically in a short period of time. Investments in bitcoin are less likely to shrink.

Yes, I agree with this, Bitcoin is indeed the king of all coins. It is true that if bitcoin is on the rise, of course alt coins will influence the price. For the best investment right now, Bitcoin is the right choice. I think the possibility will always be there for altcoins to reach new heights. Choose alts with strong fundamentals such as eth, bnb and solana, don't choose alts that are just being born, this will make you lose a lot of money there.

[Bushdark]

Bitcoin is always considered to be the best currency among all crypto coins. Even if the price of this currency decreases it skyrockets over time. Other coins are not so reliable and have little chance of going up if the price goes down. Most of the currencies in crypto go up depending on the price of bitcoin. Compared to that bitcoin is strong currency and everyone's first choice for investment. Investing in bitcoin can be profitable. The price of bitcoins rises dramatically in a short period of time. Investments in bitcoin are less likely to shrink.

other coins have the chance to increase when the price drop in the market because it is when known that the price of Bitcoin Skyrocket other price of cryptocurrencies especially altcoins because without bitcoin experiencing a bullish season I don't think that any other coin can be positive in the market so if bitcoin price decreases in the market if the affected them why if the price of Bitcoin increases in the market it will also help the market of cryptocurrency to increase mostly the valuable coins and the new altcoins that been launched

It is quite obvious the the price of Bitcoin is the major influence on all cryptocurrency in the market but at the moment there is no way Bitcoin could hit 2x in this season. But when we look at altcoins, we could be surprised that there will be some altcoins that would hit 2x to 5x where holders would have to make extra money compared to what they would earn holding Bitcoin. Bitcoin is the best coin for now because it is quite reliable compared to other cryptocurrency.

[legendbtc]

According to CoinGecko, there are over 2.5 million cryptocurrencies (read more here: https://www.coingecko.com/research/publications/how-many-cryptocurrencies-are-there).

You can read more information for

How many cryptocurrencies failed, dead?
How many Bitcoin forks are dead?

Then you will see more risk from altcoins (Bitcoin forks are altcoins too) and make your investment decisions more carefully and have more fear about altcoins, then avoid altcoins for your portfolio in long term.

Dead Coins: Over 50% of Cryptocurrencies Have Failed
How many Bitcoin forks are there?

Yes, there have been thousands of failed, scam and useless altcoins but I don't think we should avoid all altcoins. I have no objection to someone investing only in bitcoin because it is the safest currency on the market. But let me ask, if we only talk about profits, what about altcoins like ETH, Link, Near, Solana...? If I remember correctly, ETH was created in 2013 and it is still growing bigger every day until now, the initial investors in it are making huge profits. Similarly, solana was expected to die when FTX collapsed but look at what it has done over the past year from $13 and it is trading above $140.

Yeah Altcoins has huge potentials really I am personally into Altcoins right now because I can buy some of them with my smaller funds but my plan is that all my profits in Altcoins will surely be converted to Bitcoin. I can't buy some Bitcoins with my small fiat money but I can do that on Altcoins I am into quantity right now because I can't do that with Bitcoin.

It is also a good way to increase the number of bitcoins for our long-term investment. I believe that if someone has good knowledge and is not stubborn or conservative, making short-term profits with altcoins is not too difficult. We then transferred some of the profits from altcoins to bitcoin, which couldn't have been better. But I don't understand why so many people hate investing in altcoins when there are so many opportunities for us with altcoins.
To me, we enter the market to make profits, so take advantage of every opportunity if possible, don't miss any great opportunities just because others say they don't like it.

[R100K-Martin-Lunger]

I somewhat agree with what you've said. Bitcoin is the only "reliable" coin that you can hold for the long term. However, it doesn't mean that people should stop investing in other projects. A diverse portfolio is always better than hedging your bets on just one coin or asset. I also see potential in SOL, ETH, and other altcoins. Of course, research is crucial and you must not invest blindly.

[Shamm]

I somewhat agree with what you've said. Bitcoin is the only "reliable" coin that you can hold for the long term. However, it doesn't mean that people should stop investing in other projects. A diverse portfolio is always better than hedging your bets on just one coin or asset. I also see potential in SOL, ETH, and other altcoins. Of course, research is crucial and you must not invest blindly.

Nowadays Bitcoin is a King  of all cryptocurrency and without a doubt if we put our investment in this coin 100% we will got a profit in the near future cause we all know how it moves in the market even though there's a time that the price will decrease but still it will increase every sometime cause the price is too volatile. Also Bitcoin is already proven by some investors that they got a big profits through thier investment.  And not just Bitcoin but many more altcoins will increase too but there's no coins who can overlap Bitcoins.

[coinerer]

I somewhat agree with what you've said. Bitcoin is the only "reliable" coin that you can hold for the long term. However, it doesn't mean that people should stop investing in other projects. A diverse portfolio is always better than hedging your bets on just one coin or asset. I also see potential in SOL, ETH, and other altcoins. Of course, research is crucial and you must not invest blindly.

Nowadays Bitcoin is a King  of all cryptocurrency and without a doubt if we put our investment in this coin 100% we will got a profit in the near future cause we all know how it moves in the market even though there's a time that the price will decrease but still it will increase every sometime cause the price is too volatile. Also Bitcoin is already proven by some investors that they got a big profits through thier investment.  And not just Bitcoin but many more altcoins will increase too but there's no coins who can overlap Bitcoins.

Bitcoin is not only currently but forever the king of cryptocurrencies. Everyone can make long-term investments on Bitcoin with complete confidence that they will get profits for sure. Because no one trusts any other coin in the crypto world, everyone trusts Bitcoin without hesitation. Bitcoin, on the other hand, cannot be controlled by anyone, it is fully decentralized and therefore can be invested in blindly. Because of these huge benefits, you should invest only in Bitcoin even if you don't invest in other coins

[serjent05]

Bitcoin is not only currently but forever the king of cryptocurrencies. Everyone can make long-term investments on Bitcoin with complete confidence that they will get profits for sure. Because no one trusts any other coin in the crypto world, everyone trusts Bitcoin without hesitation. Bitcoin, on the other hand, cannot be controlled by anyone, it is fully decentralized and therefore can be invested in blindly. Because of these huge benefits, you should invest only in Bitcoin even if you don't invest in other coins

Not all people trust Bitcoin, there are even people who publicly state their distrust on the market of Bitcoin while others straightly states that Bitcoin is some form of a scam.  And there are still other people who trust altcoins, in fact some even hold them until their altcoin holdings moon or become worthless.

As the saying goes, not one can please everyone and not one can conquer all the interests of people.  I do agree that Bitcoin can be said as the best investment in the cryptocurrency sphere in terms of liquidity and lesser risk but some altcoins had proven themselves over the years.  Holding only Bitcoin may make us miss some good altcoins to invest in, so I believe we should have an open mind when it comes to cryptocurrency investment.  After all, we all sought for profit when investment is the topic.  Just do our own research and keep ourselves updated and most of all invest only what we can afford to lose when dealing with altcoin investment.

[dezoel]

it is the investor's choice to be able to choose which coin he wants to invest in, because whether it is bnb, eth, btc, solana, and other popular coins they both have potential, so a person does not have to just hold bitcoin in their wallet.  however, for me personally, my portfolio consists of several coins with the largest share being bitcoin, because i also understand the risk of a decline in the price of bitcoin, so i invest in several coins to minimize potential losses.

The main advantage of investing in multiple coins is that you get small profits, and a major disadvantage of investing in a single coin is that you can only continue trading for as long as you want. That coin does not go up, nothing is gained, and if the same coin lands, all your money is gone. So I would say that if you invest in multiple coins it is a good decision.

But, you can't deny the fact that all coins follow Bitcoin. If BTC goes up, all altcoins go up, and If BTC goes down, all other alternatives start to fall faster than Bitcoin. This is why I am not in favor of long-term investment in any altcoin except for a couple of trusted altcoins such as ETH which is the second largest cryptocurrency and the most trusted altcoin.

[Fiasem20]

Bitcoin is the best decentralized currency to hodl for long term,it offers huge profit return.Altcoins are not invented to hodl for long term,some may tend to rise but not all, investors who feel like making quick profits trade on altcoins and not investing on it.Some altcoins in the crypto market may pump but when the demand of the coin decreases it may lose it's value and crash. Ethereum one of the most top trusted altcoin that has being added in most investors portfolio due to it's high return.It would be wise for an investor to invest on Bitcoin that offers massive profit for long term because most altcoins may fall and never rise again so choose wisely.

[Oasisman]

Bitcoin is always considered to be the best currency among all crypto coins. Even if the price of this currency decreases it skyrockets over time. Other coins are not so reliable and have little chance of going up if the price goes down. Most of the currencies in crypto go up depending on the price of bitcoin. Compared to that bitcoin is strong currency and everyone's first choice for investment. Investing in bitcoin can be profitable. The price of bitcoins rises dramatically in a short period of time. Investments in bitcoin are less likely to shrink.

Yes, I agree with this, Bitcoin is indeed the king of all coins. It is true that if bitcoin is on the rise, of course alt coins will influence the price. For the best investment right now, Bitcoin is the right choice. I think the possibility will always be there for altcoins to reach new heights. Choose alts with strong fundamentals such as eth, bnb and solana, don't choose alts that are just being born, this will make you lose a lot of money there.

These altcoins that you've mentioned, they bear lesser risks than the rest of the altcoins in the market and with bitcoin being at the top in terms of the level of risk associated with it. However, people wouldn't always follow the safer path as there are also bigger opportunities to maximize the profit but it bears greater risk than the others. This is the reason why a lot of projects and altcoins were created every now and then. No wonder why there are a lot of memecoins popping up in the market today. Some investors have huge risk appetite to put their money in this kind of coin, but I'm quite sure old investors also have bitcoins in their wallets.

[MainIbem]

These altcoins that you've mentioned, they bear lesser risks than the rest of the altcoins in the market and with bitcoin being at the top in terms of the level of risk associated with it. However, people wouldn't always follow the safer path as there are also bigger opportunities to maximize the profit but it bears greater risk than the others. This is the reason why a lot of projects and altcoins were created every now and then. No wonder why there are a lot of memecoins popping up in the market today. Some investors have huge risk appetite to put their money in this kind of coin, but I'm quite sure old investors also have bitcoins in their wallets.

There is no doubt that there are Alts with good potentials but it would be very risky for one to currently invest in any of those newly developed memecoins or shit coins most of them are pump and dumps and would always dump after they have profited from lots of investors. Since Bitcoin influences the price of other cryptocurrency then that alone should let people know that it's the best crypto asset they could ever think of. However I think why most people would always fall back to Alts or some Memecoins is cause they're not financially able to afford enough Bitcoin based on it's current price and that's why they would fall back to investing on potential Alts like ETH, SOL or BNB which they consider would get to the level Bitcoin is in the future. Well i think by then Bitcoin would had gotten beyond what it is currently cause it's more superior to other Cryptocurrencies and those who take advantage of it's bear season would always male lots of profits demanding on how much they invested.

[MissNonFall9]

There is no need to invest in thousands of coins to profit from cryptocurrencies just a few potentially powerful currencies. From which it is possible to achieve long-term profit. However, while many people will invest in cryptocurrencies on a long-term basis, there are also people who are willing and able to invest in other currencies for short-term gains. Bitcoin is the only option for long-term gains and those who believe in the "do not put all your eggs in one basket" economics, invest in other potential currencies besides Bitcoin on a short-term basis both of which are relevant investments.

[AnonBitCoiner]

Bitcoin is not only currently but forever the king of cryptocurrencies. Everyone can make long-term investments on Bitcoin with complete confidence that they will get profits for sure. Because no one trusts any other coin in the crypto world, everyone trusts Bitcoin without hesitation. Bitcoin, on the other hand, cannot be controlled by anyone, it is fully decentralized and therefore can be invested in blindly. Because of these huge benefits, you should invest only in Bitcoin even if you don't invest in other coins

Bitcoin is a widely acceptable currency and investment source due to its increasing success and it does not involve the participation of third parties as well as it has the ability to make changes in the price of all the crypto coins therefore it is known as the king and purple give value to Bitcoin more than any other investment technology.

The main reason behind its success is that after facing hard situations or negative situations Bitcoin recovers back to its higher worth due to which people have firm belief that it is not a scam project so putting large sums of money will not be an issue for them.

[Blitzboy]

These altcoins that you've mentioned, they bear lesser risks than the rest of the altcoins in the market and with bitcoin being at the top in terms of the level of risk associated with it. However, people wouldn't always follow the safer path as there are also bigger opportunities to maximize the profit but it bears greater risk than the others. This is the reason why a lot of projects and altcoins were created every now and then. No wonder why there are a lot of memecoins popping up in the market today. Some investors have huge risk appetite to put their money in this kind of coin, but I'm quite sure old investors also have bitcoins in their wallets.

There is no doubt that there are Alts with good potentials but it would be very risky for one to currently invest in any of those newly developed memecoins or shit coins most of them are pump and dumps and would always dump after they have profited from lots of investors. Since Bitcoin influences the price of other cryptocurrency then that alone should let people know that it's the best crypto asset they could ever think of. However I think why most people would always fall back to Alts or some Memecoins is cause they're not financially able to afford enough Bitcoin based on it's current price and that's why they would fall back to investing on potential Alts like ETH, SOL or BNB which they consider would get to the level Bitcoin is in the future. Well i think by then Bitcoin would had gotten beyond what it is currently cause it's more superior to other Cryptocurrencies and those who take advantage of it's bear season would always male lots of profits demanding on how much they invested.

These "shitcoins" and other new memecoins are not worth it. Although the thought of getting rich quick sounds appealing, it doesnt usually happen that way. A lot of people lose money when they play this game. We'll talk about Bitcoin later. Why is it at the top? Because it's the most commonly used. The point is to pick a winner, not to see who has the cheapest coins. Bitcoin has shown that it works many times. Other cryptocurrencies, like ETH, may look good on paper, but they arent quite there yet. Trust me, its smart to buy Bitcoin now, while the price is low. After the market recovers, which it will, investors who made money now will be very happy.

[Y3shot]

Bitcoin is always considered to be the best currency among all crypto coins. Even if the price of this currency decreases it skyrockets over time. Other coins are not so reliable and have little chance of going up if the price goes down. Most of the currencies in crypto go up depending on the price of bitcoin. Compared to that bitcoin is strong currency and everyone's first choice for investment. Investing in bitcoin can be profitable. The price of bitcoins rises dramatically in a short period of time. Investments in bitcoin are less likely to shrink.

Yes, I agree with this, Bitcoin is indeed the king of all coins. It is true that if bitcoin is on the rise, of course alt coins will influence the price. For the best investment right now, Bitcoin is the right choice. I think the possibility will always be there for altcoins to reach new heights. Choose alts with strong fundamentals such as eth, bnb and solana, don't choose alts that are just being born, this will make you lose a lot of money there.

I have been observing the market. When bitcoin falls to $59 altcoins also lose value and now bitcoin price have been increasing but if you look at the altcoins their is no much increase come pair to the increase of bitcoin, this is to tell that investing in altcoins is very risky and their is no need for making an investment on altcoins when we have bitcoin that is very valuable.  It is a lose investing altcoins because it is not very profitable.  When thinking of investment what needs to be considered first is reliability,  good value, and since bitcoin has all this qualities it is better to just buy Bitcoin and hodl and forget the rest.

[Kristiyana]

Bitcoin is always considered to be the best currency among all crypto coins. Even if the price of this currency decreases it skyrockets over time. Other coins are not so reliable and have little chance of going up if the price goes down. Most of the currencies in crypto go up depending on the price of bitcoin. Compared to that bitcoin is strong currency and everyone's first choice for investment. Investing in bitcoin can be profitable. The price of bitcoins rises dramatically in a short period of time. Investments in bitcoin are less likely to shrink.

Yes, I agree with this, Bitcoin is indeed the king of all coins. It is true that if bitcoin is on the rise, of course alt coins will influence the price. For the best investment right now, Bitcoin is the right choice. I think the possibility will always be there for altcoins to reach new heights. Choose alts with strong fundamentals such as eth, bnb and solana, don't choose alts that are just being born, this will make you lose a lot of money there.

I have been observing the market. When bitcoin falls to $59 altcoins also lose value and now bitcoin price have been increasing but if you look at the altcoins their is no much increase come pair to the increase of bitcoin, this is to tell that investing in altcoins is very risky and their is no need for making an investment on altcoins when we have bitcoin that is very valuable.  It is a lose investing altcoins because it is not very profitable.  When thinking of investment what needs to be considered first is reliability,  good value, and since bitcoin has all this qualities it is better to just buy Bitcoin and hodl and forget the rest.

Well said I think everyone will like to go for something that will profit them in the future, is obvious that bitcoin has a better future,  right from  day one I always stay away from altcoins I don't like investing in alt reason is because their future is not guarantee. and it can't be use for Long term holding, that is why I choose to hold bitcoin alone, the risk involve in bitcoin investment is very low compared to the risk in altcoins,  I will always advice every new investors to start from bitcoin investment before looking out to other coins.

[Ryu_Ar1]

That's the reason why I have explicitly mentioned "promising altcoins" and not just any random shitcoins.
I know there are thousands of shitcoins out there but I am not talking about any of them.
There are promising altcoins out there like ETH which should be a part of our portfolio for diversification.
But yes, I do agree with you on the point that our portfolio size should be big enough with bitcoin before we look into diversification.

There is actually no mistake if you want to do in some places like altcoins that have potential in your opinion but when talking about this of course we must realize that in the end there must be a situation where we prioritize something and bitcoin is the right thing .

A lot of people would say that verification is important but at the end of the day when it comes to convenience then definitely when comparing bitcoin and altcoins then bitcoin is the safest place from risk .
Not that bitcoin has no risk because it still has risk, it's just that when looking at altcoins even though it is a promising one but the risk is definitely much greater when compared to bitcoin .

[tread93]

According to CoinGecko, there are over 2.5 million cryptocurrencies (read more here: https://www.coingecko.com/research/publications/how-many-cryptocurrencies-are-there).

You can read more information for

How many cryptocurrencies failed, dead?
How many Bitcoin forks are dead?

Then you will see more risk from altcoins (Bitcoin forks are altcoins too) and make your investment decisions more carefully and have more fear about altcoins, then avoid altcoins for your portfolio in long term.

Dead Coins: Over 50% of Cryptocurrencies Have Failed
How many Bitcoin forks are there?

Over 50% is huge turnover, people are always wanting to make a buck. Some people also have the knack for it, its harder to trade the shitcoins and make a profit, but people do it every day. You just have to know how to do it correctly, I for one do not unfortunately. I wish I knew how to do it tho, i'm still searching and researching how to achieve this correctly. There are over 100+ ways to skin a cat! The same applies here.

[Natsuu]

I somewhat agree with what you've said. Bitcoin is the only "reliable" coin that you can hold for the long term. However, it doesn't mean that people should stop investing in other projects. A diverse portfolio is always better than hedging your bets on just one coin or asset. I also see potential in SOL, ETH, and other altcoins. Of course, research is crucial and you must not invest blindly.

Well it depends on the personal preference of each participant actually. Because if you are here long term like 10 or 20 years of investment, of course the most reliable digital asset that you can invest to that is available right now is Bitcoin. However, if you are just here short term so that you can play around with daily fluctuations then you can trade with major Altcoins like ETH, SOL, VET. Because there's no worry on it years from now. you're just there short term. You don't worry about fundamentals, you are just interested purely in possible 10x 100x or 50x of price of the coin short term.

[bitterguy28]

According to CoinGecko, there are over 2.5 million cryptocurrencies (read more here: https://www.coingecko.com/research/publications/how-many-cryptocurrencies-are-there).

\damn , is this serious? we have 2.5 million cryptocurrencies created? i thought there are thousands but never that i have idea about this huge lol

Whilst these are classified as cryptocurrencies, the reality is that the majority of these are actually just tokens, primarily on the Ethereum or Solana Blockchains.

and majority are just scam projects , better to directly address as such mate 

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term.

this is also why we are diversifying , the old days of HODL bitcoin ONLY have long passed and we are now believing that there are other coins that can generate us better result than just purely in bitcoin.

[SickDayIn]

According to CoinGecko, there are over 2.5 million cryptocurrencies (read more here: https://www.coingecko.com/research/publications/how-many-cryptocurrencies-are-there).

\damn , is this serious? we have 2.5 million cryptocurrencies created? i thought there are thousands but never that i have idea about this huge lol

Yes its true, one thing that is concerning is that there is no differentiating in the creation of a cryptocurrency that has its own private blockchain, versus one that is simply a token on Ethereum or Solana's chains (which are primarily used, there are others).

I wonder of the 2.5 million, how many have their own block chain? That to me would be a better definition of how many true cryptocurrency exist. I bet no more than 1 thousand.

[rodskee]

I somewhat agree with what you've said. Bitcoin is the only "reliable" coin that you can hold for the long term. However, it doesn't mean that people should stop investing in other projects. A diverse portfolio is always better than hedging your bets on just one coin or asset. I also see potential in SOL, ETH, and other altcoins. Of course, research is crucial and you must not invest blindly.

I remember my younger days here in Bitcointalk and of course in Bitcoin itself that people keeps
talking about Holding and keeping bitcoin alone things that I manage to follow also back in the days
but ending me regretting because there are so much increase happens in altcoins that I missed holding
nothing but just bitcoin so now I learn my lessons and like yours? diversified folio is what I keep doing now

[kro55]

I somewhat agree with what you've said. Bitcoin is the only "reliable" coin that you can hold for the long term. However, it doesn't mean that people should stop investing in other projects. A diverse portfolio is always better than hedging your bets on just one coin or asset. I also see potential in SOL, ETH, and other altcoins. Of course, research is crucial and you must not invest blindly.

Well it depends on the personal preference of each participant actually. Because if you are here long term like 10 or 20 years of investment, of course the most reliable digital asset that you can invest to that is available right now is Bitcoin. However, if you are just here short term so that you can play around with daily fluctuations then you can trade with major Altcoins like ETH, SOL, VET. Because there's no worry on it years from now. you're just there short term. You don't worry about fundamentals, you are just interested purely in possible 10x 100x or 50x of price of the coin short term.

Yes, it will depend on each person's investment taste because not everyone likes safety, many people are willing to accept risks to gain high profits. And in this case bitcoin is not the best choice, altcoin will be a more suitable choice.

I also don't deny bitcoin is the best but that doesn't mean I will ignore the bigger opportunities with altcoins. I think we should not be too stubborn and ignore the opportunities to gain huge profits from altcoins, which bitcoin cannot bring us.

People who are stubborn and try to impose their thoughts on others should not invest in altcoins, which reminds me of what gold investors also told early bitcoin investors. But as a result, because of their stubbornness, they missed the opportunity to own bitcoin when it was priced below $1k, $100 or $1.