Topic: Am confused !!!! - page 3. (Read 951 times)

It is true that in any investment there are risks of losses. Risks of loss also exist in Bitcoin. Full return on any investment cannot be guaranteed, but in my opinion Bitcoin investment is considered the most reliable crypto currency. Investing in it has minimal risk of loss compared to other crypto currencies in the market. It is also true that there are people who have lost their money in Bitcoin. Investing in Bitcoin does not necessarily mean that you will make a profit every time you invest in Bitcoin. Only entry at right time can give us profit. An entry made in any coin at the wrong time always leads to loss. However, among all crypto currencies, Bitcoin is the best choice for long-term investment.

This statement is completely NOT true.  There are risks with any investment, including bitcoin based on the asset itself and then perhaps based on various ways that normies might execute whatever are their investment techniques.

Also profits are not guaranteed, and the emotions of people vary, so there are people who have lost money in bitcoin, even though bitcoin has historically been an asymmetric bet to the upside, but some people are not able to deal with BTC price volatility so they buy higher than the price that they end up selling.

If you can spend some money then hardware wallet like Trezor is good choice as your funds are safe but remember to keep seeds safe somewhere that you have access to your funds always.There are many good choices above but remember to choose trusted and open source wallet that give you some assurance of your funds otherwise there are many fake one's also trying to grab your funds always.

You can make profit in altcoins investment but depending on the altcoins, all altcoins are not same thing because the I'm looking at it all altcoins will not give you a profit when you invest on them, that is while many people do not rush to invest on altcoins without investigating properly on altcoin, so therefore they will not be any condemnation for investing in altcoins, another thing is that, when you are looking a good wallet to use, I think majority will like to recommend Electrum because it have a very good security and that is while people do make use of it or recommend it to people.

If you invest with the hope of higher profits, you can definitely get higher profits from altcoin. However, even though altcoins offers higher profits than Bitcoin, and altcoins pumps more, there is a lot of risk involved. When the price of bitcoin goes higher, alert coins can be pumped more and profit from it is possible. But if you invest in alert coins then you must choose coins that have high marketcap. And you must research all these things which investment will give you profit in future, I think it is better to invest in Bitcoin than to invest in altcoin because it has no risk. If you want to invest for long term then definitely invest in Bitcoin which will give you profit and no fear of losing money.

To keep your money safe, you should definitely use secure wallets, such as Electrium and Mycelium. By using Elektrium wallet you will get many benefits and it is a trusted wallet that will provide maximum security to your money. You should never use an exchange wallet it is not safe for you at all, using exchange wallets will definitely risk losing your money. So you use strong software wallets like Electrium and Mycelium to keep your money safe.

invest in crypto which is not too high risk is in bitcoin, and in this world there are also many people who are looking to profit from altcoins, so of course you can benefit from altcoins as long as you have to be able to choose altcoins that have good potential, but in my opinion if your knowledge is not yet a lot about altcoins don't look for profits in altcoins yet because the risk is very high, but usually the profits from investing in altcoins are usually always large which is proportional to the risk, but the decision is yours, so you can make profits in altcoins as long as you know about altcoins and are ready with the risk.

There's also a possibility to profit when you invest in altcoins. However, it's quite risky compared to investing in Bitcoin since majority of them don't have real use case and only good to hold for a short period. But despite this many investors are still believing they can gain huge when they invest in alts (or in shitcoins and meme) to give them x1000 profit. The reason why if you chose to invest in not established coins, might as well be prepared to lose your money since the result is uncertain.

On the other side as many users have said already, use a non custodial wallet or a hardware wallet. Don't use an exchange to store your coins.

And how sure are you that the pepe coin will bring good profit, I think there are people who make good money out of altcoins, but it is a 50/50 thing, and considering a lot of factors that may affect it and might crash the entire project, considerin-dering what happened, the current bear market not all project survived in the crypto ecosystem, that is were the problem lies but amidst everything that happens bitcoin still stands and safe to invest in, and must times is always about the hype in addition in term of security, private keys are meant to to be kept safely to avoid security compromise, it is better to invest in what your familiar with that is just the best.

Please buddy i would like you to come in again at this place i marked out in RED so we will get to understand what you are saying opr lets say its a typical error, and please the underlined sentence to is different to what you asked and try to put a QUESTION mark to indicate you are basically asking a question.

Cheers....

Most newbie can find Bitcoin investment frustrating because it's actually have to do patient and most of these new investment actually lack that but if you really want to be successful then making proper research on the investment you want to go in by yourself will be the best way to go about. If you are the quick money type then Bitcoin investment isn't the best choice because a Bitcoin investor number 1 abilities is having the capacity to hold your coins for long despite any challenges faced.

It all depends on how much desperate you are with your investment or how much profits you wants to make within a specific period you gave yourself on, lets say, if you wants to go for long term investment I will advise you to kindly go for bitcoin investment maybe this could take you about 1 years and above to start seeing some significant changes probably could be 2 year to 5 years in as much you endured to be able experience the halving period then I am sure you might make some profits.

While for short term investment, well altcoin can be better but you must be active to take every given opportunities that goes with any increase in that particular project and coin you invested, you must not be greed driven otherwise you could lose all things at point of wanting to make more profits from any particular project you invested. That's why you have to active in reading news concerning that particular altcoin you want to invest or possibly be active in their community and channels across for you not be left empty token or alternatively you may investment in those reputable altcoin such as ETH, BNB, LTC  and BCH.

Then about the wallet to use, I can see there are lots of good response concerning the best wallet to used, so just follow the instructions given to you and use the wallet instructed accordingly.

Yes OP, their are alot of altcoins out there that you can invest on but you have to be careful the coins you put money in, because some of this coin have not been in the market for more than two years so let it not be as if the time you invest your money on any of these altcoins that's when it close.
You are asking which althcoin you invest on, why not try Bitcoin? Bitcoin has been on the run from January 2009 and is been texted and trusted from then till now, More than half of the crypto world are investing on Bitcoin because of its progress, but if you don't want to invest in Bitcoin then try Etherum out, these are the coins I invested on.

There's a probability that you will earn profit with altcoins because it's not just Bitcoin that let you earn profit but also altcoins. if I am not wrong trustwallet is open source wallet provider and you can create a multi wallet there to store altcoins snd Bitcoin and import it to other wallet provider if you don't want to use trustwallet. There's also electrum wallet for Bitcoin onlynif you want to know.

This is a balanced argument... you can make good profit or lose everything; this is the reality with altcoins and look like gambling to me. But why gamble with your capital when there is Bitcoin that have been there for years and have maintained steady growth?

Many beginners regret because they want to make big profit overnight; they are usually caught in the hype of pump of coins with low market cap and believe they can easily flip their investment. This is why you see many pump and dump Telegram groups that promises x10 and x100. To avoid falling victim of these scams, one should simply buy and hold Bitcoin and see the investment grow with time. The pain of losing one's entire saving is depressing and surely Bitcoin is a good choice to start for anyone who do not want to cry over loss of investment.

In terms of investing, bitcoin is very straightforward and easy to understand. I don't know other people's advice, but to me, bitcoin has a good profit that you can imagine as long as you can hold your btc for a period of time when the price is high. This is my advice to you as a newbie.
Regarding the wallet, all wallets, including Electrum and Bluewallet, are very safe to store your bitcoin, but it all depends on how you secured your wallet by keeping your secret keys hidden from others. If you can't secure your wallet, even if you have a good wallet that can store your bitcoin for a long time, your bitcoin is still not secure.

Yes, if you have the chance to buy PEPE Coin before the price goes up, you will get many times the profit, even bigger than you can imagine. But it should also be noted, Altcoins can make you lose all your money if suddenly the price dumps. Regarding a safe wallet for storing your assets, other members have suggested it in the previous replay. You can choose a Non custodial wallet as suggested.
As a Newbie who is new to Cryptocurrency, you should choose assets that are guaranteed or proven to be able to survive in the market. Big profits are very tempting, but you also have to consider the risks.

Bitcoin trading is not only preferable for newbies but also for everyone. Most the altcoins out there are shittcoins and no one is going to maje money trading them. Except some, maybe out of luck or they know some tricks. But bitcoin investment is most profitable than altcoins in every way possible.

Any wallet that doesn't give you the seeds are not open source because they control everything on their own on behalf of you and there are also some closed source wallet gives you non custodian wallet but still they are closed source.

Since you're talking about storing altcoin in an open sourced wallet then Electrum isn't really a choice because its only available for bitcoin and one another coin which is Litecoin. Trust wallet is good for storing altcoins but its closed source so it all narrow the choice to Mycelium which is open sourced but unfortunately kind of filled with glitches.

Dash and eaglecoin are good. Also ethereum and monero...

The idea that it is possible to make money by investing only in Bitcoin but not by investing in some others is completely wrong. It is possible to earn profit from all coins if proper approach to investment is adopted. But Bitcoin is always recommended for investment because it is much safer to invest in Bitcoin as compared to other coins. And since you are a new member, starting your investment in Bitcoin will be less risky for you.
It is better not to trust exchange wallets because many reputable exchanges have already been scammed so you can use hardware wallets to keep your funds safe. If it is not possible for you to use hardware wallet then in that case you can use electrum wallet, mycelium wallet these wallets will provide security of your money.