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Topic: I sold the altcoins and invested in Bitcoin" - page 10. (Read 1266 times)

sr. member
Activity: 1400
Merit: 420
~snip~
Bitcoin is a potential currency that will give you more security than any other coin.  And you will be at less risk here than in altcoins. you must have seen many valuable altcoin crashes or scams like FTX, LUNA etc.  But this is not the case with Bitcoin.  So in this case you can be sure that investing Bitcoin is safer than Altcoins. So I appreciate your decision.  But since you have invested $800 in Bitcoin it is not a small amount so in this case you should choose a good wallet where your Bitcoins will be safe like Electrum, Trezor, Coinbase Wallet etc. these wallets will give you more security than TWT.
hero member
Activity: 1008
Merit: 960
The best way to store Bitcoin is in an offline wallet, with absolutely no access to the internet.

You can read more about this, and how to setup everything here:

https://armantheparman.com/zerotrust
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?
If it makes economic sense then by all means sell those altcoins, but when it comes to risk management and investments...you are advised to diversify your portfolio to avoid losing everything if you put everything in one basket..besides some altcoins perform better than bitcoin and you wouldn't want to miss it on these pumps Smiley


The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?
I have used trust wallet in the past because of its multicoin features, but unfortunately I have also read several security breaches involving this wallet and users losing their coins in the process...
And since this is a long term undertaking with your crypto investments, maybe a change of wallet say hardware wallet would be good step to process your crypto assets  but since altcoins are involved I understand why you use it, goodluck.
full member
Activity: 658
Merit: 158
BTC Rocks
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?
Obviously it's a great decision because holding Bitcoin is far better than holding Altcoins. But if you are a day trader or short term trader and have much trading knowledge then I will suggest you to trade with 50% of your portfolio and rest of them hold for long term. If you can hold it for long term then Bitcoin investment is a best decision for your future.
Most of the time altcoins depend on Bitcoin movement and we all know about LUNA token how it crashed. So why we will not choose the most popular, decentralized and potential cryptocurrency which is Bitcoin.

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?
Trust Wallet is safer than any Centralized or Custodial Wallet. But as it's an close source wallet so it may not be fully secured as we don't know how the seeds are generated. That's why you should choose non custodial open source wallets like Electrum, Mycelium, Bitpay, Blue Wallet and  Alpha Wallet. My suggestion is to use Electrum wallet which have exciting features too. Visit their official website to download wallet or to learn more https://electrum.org/ Its available for Android, Windows, Mac OS , Linux and Python.
Hope you got your answer.
hero member
Activity: 1148
Merit: 576
I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?



         Maybe in vain that almost all altcoins were sold? After all, now is a period when they are following Bitcoin. Have you made a mistake? Think about this moment. I recommend watching the investment portfolios of other forum participants so that you have a certain picture of investing in crypto assets.
        You can later regret for a long time that you did this. Don't radicalize your processes like that. Even shields shoot in such a market. At the moment, Bitcoin is preparing for a strong rise.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
You are investing. Using a wallet on an airgapped device or a better hardware wallet which is open source like Passport or Trezor would be better. Your keys are saver offline, than to be online.

Electrum can be on an airgapped device, with or without the watch-only wallet: https://electrum.readthedocs.io/en/latest/coldstorage.html

For  online wallets, Electrum and Bluewallet are better.
sr. member
Activity: 644
Merit: 321
I like to treat everyone as a friend 🔹
I have been involved with Cryptocurrencies for the past almost 1 year. It's only been a few months since I joined the BitcoinTalk forum. I spend most of my time trading which I haven't spent much time on this forum. But I came to the Bitcointalk forum and observed various discussions about Bitcoin investment. Finally after much thought I analyzed Bitcoin and took the advice of a fellow knowledgeable investor. He gave me specific advice on the downsides of Bitcoin and market volatility.
After full consideration I sold all the wallets I had Altcoins invested in. and with the amount of funds I made from that, I bought bitcoins and kept them in the trust wallet.

Now my question is, is it good for my future that I have sold my altcoins and invested in bitcoins?

The trust wallet I put my invested bitcoins in, is the trust wallet safe for my bitcoins?


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