Why the only focused is on bitcoin?

[Abuobyda218]

Does it mean that there is no other asset that can also be trusted except bitcoin?
Bitcoin has gained lot of interest and value because it is believed to know that it is more secure and trustworthy than any other coin and i have also understood that for long time investment then such person should choose bitcoin. While for short time investment people should be choosing altcoin but how trustworthy is altcoin and part from bitcoin how long do you think you can hold altcoin to maximise profits from their investment of altcoin?

There is perhaps no other investment in the crypto currency world that is safer and less risky than Bitcoin. However, along with Bitcoin, small investments can be made in some altcoins (SOL, ETH, Ripple, Monero). However, if someone plans to hold for a long time, then in that case I would forbid them from imagining anything other than Bitcoin. If I were to share my personal experience at this moment, I would definitely say that I had invested in some altcoins in the past instead of Bitcoin, which over time, those investments have brought me losses. But at the same time, I had invested in Bitcoin, and over time, those investments have brought me quite a lot of profit. So from that personal view, I can say that if someone wants to hold for a long time, then he should limit himself to Bitcoin.

[Pablo-wood]

It is becoming extremely hard to trust any other cryptocurrency apart from Bitcoin. But if there is any asset to trust beside Bitcoin, it should be some of the established altcoins like ETH and the others,  their chances of failure is low compared to new coins that have not gained traction. However, staying loyal to Bitcoin is still the best decision because Bitcoin is not going anywhere. The profits my not be too big overnight but if held for long, the reward will be worth the wait.

I won`t even trust ETH because of their Validator proof consolidator. For when it comes to trust i choose BTC and when i feel I should try some risky adventure then BNB and ETH comes to the picture. Staying loyal to bitcoin is best for those who value their assets in an ecosystem that has no shaking pool like ETH. Besides BTC hard supply captain is enough to trust it to its maximum .

[Chinesebaby]

Does it mean that there is no other asset that can also be trusted except bitcoin?
Bitcoin has gained lot of interest and value because it is believed to know that it is more secure and trustworthy than any other coin and i have also understood that for long time investment then such person should choose bitcoin. While for short time investment people should be choosing altcoin but how trustworthy is altcoin and part from bitcoin how long do you think you can hold altcoin to maximise profits from their investment of altcoin?

There is perhaps no other investment in the crypto currency world that is safer and less risky than Bitcoin. However, along with Bitcoin, small investments can be made in some altcoins (SOL, ETH, Ripple, Monero). However, if someone plans to hold for a long time, then in that case I would forbid them from imagining anything other than Bitcoin.

If I were to share my personal experience at this moment, I would definitely say that I had invested in some altcoins in the past instead of Bitcoin, which over time, those investments have brought me losses. But at the same time, I had invested in Bitcoin, and over time, those investments have brought me quite a lot of profit. So from that personal view, I can say that if someone wants to hold for a long time, then he should limit himself to Bitcoin.

Its good to know you were smart enough to diversify your investment in both altcoins and Bitcoin when you earlier started with crypto investments, of which the profits made in Bitcoin can be used to cover up the losses made in altcoins. But that also depends on the percentage invested too, because if the percentage invested in alts was higher than that of bitcoin, then you would be at a loss, but if it was the opposite, then it's obviously fine. And that's the main reason why today's investors are all trooping into investing in Bitcoin, simbly because they have understood that Bitcoin is the main focus of all crypto investment, and likewise it has a low risk long term plan.

[WhoYouCantKill]

I won`t even trust ETH because of their Validator proof consolidator. For when it comes to trust i choose BTC and when i feel I should try some risky adventure then BNB and ETH comes to the picture. Staying loyal to bitcoin is best for those who value their assets in an ecosystem that has no shaking pool like ETH. Besides BTC hard supply captain is enough to trust it to its maximum .

For me, I believe whichever asset one chooses to invest in totally depends on their goals and expectations from the investment. Let’s take for instance, there are folks who’s goal is to make short term gains from the market, you really don’t expect such person to consider investing in Bitcoin, except of course they do not really understand the asset. But folks which such goal and have a good understanding of the market would definitely go for an asset that is most closest to their goals and expectations.

[Richbased]

Does it mean that there is no other asset that can also be trusted except bitcoin?
Bitcoin has gained lot of interest and value because it is believed to know that it is more secure and trustworthy than any other coin and i have also understood that for long time investment then such person should choose bitcoin. While for short time investment people should be choosing altcoin but how trustworthy is altcoin and part from bitcoin how long do you think you can hold altcoin to maximise profits from their investment of altcoin?

Yes please, for your peace of mind don't even think of investing in any altcoins except you want to diversify to another valuable asset like Gold but so far as cryptocurrency is concerned, you have better stick to bitcoin otherwise you will cry blood when you invest in an altcoin and lose your money. Most of those who talks about investing in altcoins just because they saw that the price is increasing rapidly are people who haven't experienced the pain of investing in an altcoins and within a short interval of time their money dropped so badly that they couldn't even withdraw the least amount that was left. I invested in altcoins in the past because I saw it rising very quickly but before I knew it this altcoin fell almost 80%.

[BoiCrypto]

Does it mean that there is no other asset that can also be trusted except bitcoin?
Bitcoin has gained lot of interest and value because it is believed to know that it is more secure and trustworthy than any other coin and i have also understood that for long time investment then such person should choose bitcoin. While for short time investment people should be choosing altcoin but how trustworthy is altcoin and part from bitcoin how long do you think you can hold altcoin to maximise profits from their investment of altcoin?

Bitcoin is the safest cryptocurrency you can put your money into and expect a good return over some period of time, any other cryptocurrency doesn't have that peace if mind but Bitcoin have come to stay forever, its has been on a good move since 2008 till now, we haven't heard like bitcoin disappear and that is why we all believe that bitcoin will stay here with us, and that's the reason why we all believe to invest for a long of period of time.

[Dreadboost]

Does it mean that there is no other asset that can also be trusted except bitcoin?

The majority of us don't trust any other cryptocurrency except bitcoin because it has a long, trusted history. The price has always increased over time. No one would want to miss that kind of asset that has proven to return back ROI every 4 years interval.

For other assets outside of bitcoin, many are buying them. In general, bitcoin is not the only trusted asset. Land, real estate, gold, and other stocks are trusted assets.

Bitcoin has gained lot of interest and value because it is believed to know that it is more secure and trustworthy than any other coin and i have also understood that for long time investment then such person should choose bitcoin. While for short time investment people should be choosing altcoin but how trustworthy is altcoin and part from bitcoin how long do you think you can hold altcoin to maximise profits from their investment of altcoin?

Investment wise bitcoin is the most reliable. Investment is risky but the risk in bitcoin can be reduced based on the strategy the person investing is using. There are many strategy but the one that helps reduce risk is the DCA strategy.

[Silikiem]

Does it mean that there is no other asset that can also be trusted except bitcoin?
Bitcoin has gained lot of interest and value because it is believed to know that it is more secure and trustworthy than any other coin and i have also understood that for long time investment then such person should choose bitcoin. While for short time investment people should be choosing altcoin but how trustworthy is altcoin and part from bitcoin how long do you think you can hold altcoin to maximise profits from their investment of altcoin?

Over the years, Bitcoin have proven to become one of the most valuable assets in the cryptocurrency space and Yes, when it comes to crypto, bitcoin remains the best to invest in but building trust in cryptocurrency still requires some level of understanding of how it works because as always bitcoin and other cryptocurrencies are highly volatile so even while you’re trusting bitcoin to give you the ROI you wanted there’s still need to approach the market with cautiousness and invest according to your level of risk tolerance because of the uncertainty surrounding the market so there’s no guarantee of being profitable.

[RockBell]

Does it mean that there is no other asset that can also be trusted except bitcoin?
Bitcoin has gained lot of interest and value because it is believed to know that it is more secure and trustworthy than any other coin and i have also understood that for long time investment then such person should choose bitcoin. While for short time investment people should be choosing altcoin but how trustworthy is altcoin and part from bitcoin how long do you think you can hold altcoin to maximise profits from their investment of altcoin?

There is perhaps no other investment in the crypto currency world that is safer and less risky than Bitcoin. However, along with Bitcoin, small investments can be made in some altcoins (SOL, ETH, Ripple, Monero). However, if someone plans to hold for a long time, then in that case I would forbid them from imagining anything other than Bitcoin.

If I were to share my personal experience at this moment, I would definitely say that I had invested in some altcoins in the past instead of Bitcoin, which over time, those investments have brought me losses. But at the same time, I had invested in Bitcoin, and over time, those investments have brought me quite a lot of profit. So from that personal view, I can say that if someone wants to hold for a long time, then he should limit himself to Bitcoin.

Its good to know you were smart enough to diversify your investment in both altcoins and Bitcoin when you earlier started with crypto investments, of which the profits made in Bitcoin can be used to cover up the losses made in altcoins. But that also depends on the percentage invested too, because if the percentage invested in alts was higher than that of bitcoin, then you would be at a loss, but if it was the opposite, then it's obviously fine. And that's the main reason why today's investors are all trooping into investing in Bitcoin, simbly because they have understood that Bitcoin is the main focus of all crypto investment, and likewise it has a low risk long term plan.

And doing both altcoins and Bitcoin is good at least some people will want to do only Bitcoin, so whichever they are comfortable with. Just that most people will go ahead and buy the wrong coin, so before you buy any coin, make sure you do your research before buying any altcoin so that you don't end up wasting your money because a lot of them can not even survive the bear market, and when it comes to all this, one of the people that I pity the most are those who are always doing meme because there is more risk when it comes to meme than altcoin, so people need to know what they are going into before they make a decision on what to buy.

And long-term is actually low risk, but as for that, let it be that you are buying the correct thing, and likewise it is always advisable for you to just buy Bitcoin, and that way you will be on the safer side, and you have fewer worries when it comes to whether it will bounce back or not that's for the market.