Bitcoin is not everything , you can still have a good portfolio without it.
Why add Bitcoin now? It maybe 2x this year from current price and will then spend the next 2 years after that going down in bear market.
Altcoins in the current top 100 or so give you a good chance of making very good money this year, Bitcoin doesn’t.
Yes, bitcoin is not the only investment on the market, nor is it the only coin worth investing in. But it is the safest coin in the market so we should have bitcoin in our portfolio, although it may not give us big returns like altcoins but it will ensure the safety of our portfolio. But it all depends on each person's taste and risk tolerance and remember that the higher the return, the higher the risk.
If you are willing to take risks and would rather gamble than invest, then there is nothing wrong with not adding bitcoin to your portfolio. But this is very risky so don't give altcoin investment advice indiscriminately to others.
It all depends how much money you start with when investing.
If you are someone with a lot of money who can invest an a few thousand each month then yes Bitcoin is worth it.
But if you are someone average with not much money then you need to take more risk.
What is the point of investing in Bitcoin with little money just to see a 1.5x or 2x return this year, it is not going to make a significant change to your life.
Those of us with little or average money should want to be making 5x, 10x or even 20x or more this year and you will only do that taking a risk in altcoins.
Yes some may turn out to be bad investments but you only need one altcoin to give you a really good return to make it worth it.
A good point JamesDaniel90.
I think some folks consider their overall portfolio as having various sections, like safe, volatile and speculative or whatever, so that maybe without delving into the picking of specific instances one could on seeing a portfolio leaning hard toward stability suggest adding a percentage allocation for other types/categories.
Like, how much of one's portfolio would be enough to allocate to your kind of category for someone who has ten times as much income to pour into ongoing investing? Maybe still just one times as much as your entire scale could suffice, if they feel that a lifestyle such as yours is a sufficient baseline or a plentiful gain on top of their current lifestyle or something like that? Maybe for such folk only ten percent of their portfolio allocated toward your type of picks would be fine?
As you scale down the starting capital or starting ongoing investment budget there likely comes a point where it starts to look more like work than like investing in that finding what to do with your pennies becomes more of an impact / chore / investment of time than gains of mere pennies seem to justify.
There is an old saying though "look after the pennies and the pounds will take care of themselves".
Once upon a time the old penny-stocks players learned things that led to them transitioning into the "actual" stock-market to buy up entire companies to break them down into holding corps (of the real estate for example) versus earnings corps, selling off the real holdings of the earners and having them rent from the holding corps going forward, for example.
So maybe allocating a portion or section for things in which your small contribution could make a real difference could prove a fruitful idea for anyone who views learning as desirable rather than as an unfortunate chore and effort coming between themselves and the earnings they are hoping to achieve...
If nothing else one might learn how much difference being able to actually make a difference might make, so to speak... Ready for when one
is some kind of "whale".
-MarkM-
EDIT: That caused my mind to invent a silly joke... Q: What did Oppenheimer say when he heard about compound interest? A: "I am become whale, destroyer of economies!"