Bitcoin is the best investment than altcoins which often fall a lot and don't return to their original price, your friend's opinion is right to recommend to a beginner.
You have to understand and learn that investing in crypto is a high risk, so you have to be prepared to take your own responsibility if you experience a loss at an inappropriate time, meaning that investing in bitcoin must be long-term to achieve greater profits.
Or maybe you can do both by dividing what percentage you will invest between bitcoin and altcoins, look for higher potential altcoins by having large capitalists I think it will be better than new altcoins.
But in my principle Bitcoin is much better than altcoins to invest in.
Topic: invest in bitcoin or altcoin? - page 3. (Read 400 times)
Welcome to the community actually those are both good investment but take care with the altcoins you are trying to invest with because those are centralized and just followers with the bitcoin price movement, for sure other members will told you the bitcoin is the safe thing to invest well that's true but due to tons of investor with the bitcoin I guess still a safe investment but the price of profit well depends on the bitcoin do you hold, so quite not too much profitable but as a part of the safe, but in altcoins you can get an instant profit due to price movement or having a good project like early reason to have a good profit, not all altcoins give this chance.
Investing in Bitcoin is safer than Altcoins. But altcoins are able to give faster profits than Bitcoin, on the other hand, since Bitcoin is a valuable coin, it is not possible for everyone to buy a whole Bitcoin, so it is not possible to make high-quality profits quickly from here. however, since the value of altcoin is low, it quickly pumps up high quality and even with a small amount of investment, it is possible to get big profits quickly from here. But also there is high risk because there are huge amount of altcoins in the market so it is very difficult to predict which one is the most likely coin. And altcoins have a long history of being scams. So investing in altcoins can unfortunately result in you losing your entire investment. Which is almost impossible with Bitcoin
it all depends on your abilities. if you have a sizable amount to invest, you can go in to invest in a large number of Bitcoins and some of the market potential altcoins.
but if you plan to invest in stages, it means that maybe you have limited investment capital for each certain period. I suggest just focusing on collecting more Bitcoins in the long term. with little by little, you accumulate Bitcoin, you will not realize that you have accumulated quite a lot in the long run. and you can enjoy it when your target is reached.
but if you plan to invest in stages, it means that maybe you have limited investment capital for each certain period. I suggest just focusing on collecting more Bitcoins in the long term. with little by little, you accumulate Bitcoin, you will not realize that you have accumulated quite a lot in the long run. and you can enjoy it when your target is reached.
I'm confused, should I invest in bitcoin or other coins? In my friend's opinion, he suggested investing in bitcoin. But what do you think, is it better to invest in bitcoin or other coins?
The main choice in terms of investing, it is very popular to invest in Bitcoin, but in Altcoins you can also do by paying attention to Altcoins with good popularity, you can also invest in both, split between 70% and 30%, 70% for Bitcoin and the rest for Altcoins.
The main advice is, of course, it is more appropriate to fully invest in Bitcoin, and pay attention to Bitcoin Charts. There are great opportunities to invest, but if you want to have several Crypto Assets, you can choose to invest in Altcoins most of your funds.
currently our choice apart from Bitcoin, we prefer Ethereum and bnb from some good Top Altcoins, maybe you can follow these tips if you want to invest in both Crypto categories, and use a percentage between 70-30 %, Bitcoin is a large percentage, and save the rest to Altcoin.
Invest in both, you can invest 70% on bitcoin while the remaining 30% on altcoins, consider altcoins to be gambling, make more research and find yourself good coins to invest. But do not be disappointed of you see the altcoin you invested on not to have expected result, or it may increase more. No one truly get only one crypto, but you can invest most on the dominate one which is bitcoin.
I share your friends opinion; Bitcoin is a much better investment than the most decent bunch of altcoins (which is barely a handful).
Over 95% of coins out there are shitty rehashes of the exact same idea, with no real world value or utility. Not worth a penny.
Do not take I or your friend's word for it, do your own research on Bitcoin; utilities and qualities that sets it apart from the other coins.
Over 95% of coins out there are shitty rehashes of the exact same idea, with no real world value or utility. Not worth a penny.
Do not take I or your friend's word for it, do your own research on Bitcoin; utilities and qualities that sets it apart from the other coins.
Hi, I'm newbie in this forum.
I recently found out about bitcoin from my friend. Then I am interested in investing. But after I found out, that coins are not just bitcoin but there are also coins (altcoins).
I'm confused, should I invest in bitcoin or other coins? In my friend's opinion, he suggested investing in bitcoin. But what do you think, is it better to invest in bitcoin or other coins?
I recently found out about bitcoin from my friend. Then I am interested in investing. But after I found out, that coins are not just bitcoin but there are also coins (altcoins).
I'm confused, should I invest in bitcoin or other coins? In my friend's opinion, he suggested investing in bitcoin. But what do you think, is it better to invest in bitcoin or other coins?
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