Topic: Invest only in Bitcoin and never invest in shitcoin - page 7. (Read 1611 times)

Of course, there is no risk in investing in Bitcoin because after investing in Bitcoin, you can hold it for a long time if you want to. On the other hand, if you invest in Altcoins, you must be careful in holding for a long time because these coins can disappear from the market at any time or be delisted by the exchange without any announcement. This may subsequently render your Shitcoin holdings worthless. So if investment is to be made then investing in Bitcoin must be wise.

I'm investing in Bitcoin and a few altcoins and I've been doing this for many years which has no problem. The reason why many people have lost their money is due to investing in new projects that are scams. Because if they only Invest in Bitcoin and in reliable altcoins, I'm sure they never suffer losses but profit. Unfortunately, due to temptation and hype, many have been falling into scam projects and then putting the blame on the market which in fact, was their fault.

Indeed, bitcoin is the most popular crypto currency, as everyone knows. Did you know that when they mention crypto in some areas, people up until now think it's only bitcoin that is cryptocurrency? But nonetheless, people are now gradually getting to know the difference: bitcoin is the only cryptocurrency that is legit, that everybody can invest in and have peace of mind in, and no one's coin follows bitcoin.

However, bitcoin will continue to stand on its own and gain more population than the current one because we all expect a good future for the currency; therefore, with time, we are going to gain more adoption into the industry.
 

Most people think that investing in altcoin is much better than investing in bitcoin, and that is why we still have people who are into crypto, but they still do not know the value of bitcoin. People think that for them to invest in bitcoin for a long period of time, it is better to invest in altcoins that pump easily, but they forget the risk attached to such investments.

The reason why not everyone is getting a high profit from bitcoin is that it is ready to hodl for a long time. If you ever experience a bitcoin bull run, you will know that there is profit in bitcoin investment, but the problem most investors are facing is that they are not ready to invest and hold for a long period of time. However, it is not about getting rich quickly; as an investor, you also need to consider the risks you are about to take.

Altcoins have their own uses so I do not see them as something which you should never buy. I like to use altcoins like Monero when I need full privacy or BSC/ETH when I want to use DeFi or other smart contract platforms. They are indeed very useful. However they are merely carbon copies of Bitcoin with some add ons or slight changes. The reason why this is dangerous is because we do not know how secure these changes are. We know Bitcoin has been around for a very long time now and this is what make it so trustworthy. Altcoins get hacked every other week.

Bitcoin is therefore a good option for long-term investment while altcoins are short term.

There is NO QUESTION that bitcoin is indeed the best cryptocurrency out there.  But keep in mind there are other cryptocurrency coins that have legitimate utility. Monero for example has utility as a truly anonymous coin.  Ethereum for smart contracts, Litecoin for faster speeds/cheaper transactions.  But with that said, bitcoin certainly stands above all else.

Not all altcoins are shit coins. Some of them has the potential to grow and people are still making profits by investing in them. So I will not say that altcoins are bad. Only the professionals who have deep knowledge about the market and its movement can make profit out of altcoins. Believe me or not, altcoins are all about trends and hype. Once it fades away, it is gone.

But this is not the case with Bitcoin. History has repeated itself over and over again. So we can confidently say that Bitcoin is not going anywhere. It is here to stay. Maybe you lack in the experience and for that you were unable to make any profits from altcoins. But to be in the safe side, Bitcoin is the best choice. All we need to do is find the best opportunity and hodl till the time comes.
I am not encouraging or discouraging anyone to put their money in altcoins. It's your choice, and you can do whatever you want with your money. But just a little bit of advice. Bitcoin is the safest for investment for the long term investment plan.

Bitcoin should be preferred for a long-term investment. Altcoins are generally preferred by those who want to make a profit in a short time or who want to buy different coins other than Bitcoin. I don't know if it's good or bad to have diversity in the market. Plus, I can say that it adds volume to the market. Therefore, there will always be diversity in the market.

There were people who made huge profits from the coins you mentioned. Investing in these coins is quite risky, but still always preferred. I think we are talking about a situation that will always exist in this market.

Most people know that shitcoin won't last and anything good won't come out of it, but most of them believe they can make quick money from shitcoin. They believe shitcoins are easily pumped, they don't have the patience to hold bitcoin for a long time, and they believe it's a waste of time holding bitcoin, so they prefer to go for pump and dump coins. Some newbies don't really know much about cryptocurrency, they are always being pushed to invest in shitcoins, they are being brainwashed, and most newbies don't care to do more research, they just follow their mentor blindly and don't care to do their own research.

Most of them are being hyped unnecessarily, that's why they have more supporters, and people are encouraged to invest in shitcoins just because of their price movement. They are always pumping massively, so it does encourage people. When people see it pumping, they do FOMO.

High risk, high rewards. Don't be blinded by that kind of mindset that every altcoin even has a potential will become the same as bitcoin who still holds it's value right now. A project that has a potential isn't a shitcoin, one kind of shitcoin are meme tokens who has no actual product and no useful use-case. Those kind of altcoin will just rely on hype or some pump and dump scheme that people will literally take advantage of other investors. Even old-time crypto users has bitcoin, they experienced a lot of ups and down in cryptocurrency but the view about bitcoin is still the same. It's true that the profit you can get from bitcoin isn't that high compared to other altcoins that can make you instant rich overnight but the risk you are giving when you are investing to bitcoin is for me minimal as long as you know what you are doing with your bitcoin.

I think that btc is most suitable for long-term hodling, as for alts, there is surely a chance to get some profit if you hodl them, but, in general, they are more suitable for trading, and trading is always risky... So, for long-term it's better to collect btc. And altcoin market is a  risky thing. Most of them are really scam things, but some of them are quite stable too...

I like Bitcoin, it has been tested, trusted, and I've most of my savings in Bitcoin but if I've an opportunity to invest in other projects I would. Also, you generalizing every other coins as shitcoin is wrong, would you call ETH, BNB, SOL or MATIC a shitcoin? Not all altcoins are shitcoins. Even the so called memecoins that are mostly regarded as shitcoins, if you had the opportunity of investing in Shiba or PEPE when the marketcap was very low, wouldn't you have invested? I'm a Bitcoin fan and I'm also keeping an eye on other good projects that are worth investing.

Perhaps they are lucky but never think that luck come to you then. If I were you, never think about it but instead, focus on Bitcoin and grow your investment in order to earn more. Investing in Bitcoin is the safest investment in crypto, holding and selling them in time gives you more profit than those people who got lucky in shitcoins.

It didn't work on you really because it never works in real life either. Your experience tells you something that to stay away from shitcoins as it never give you money instead, disappointments and losses.

Yeah sure Bitcoin is the leader of every other coins that's why almost everybody prefer Bitcoin for other coins and not because there are no other good coins to invest but Bitcoin is like the center of every other coins were as other coins could have a serious issues that could lead to crash but Bitcoin can never failed, so actually for me not that I cannot invest on other coins but my major investment will not be channel to other coins but only for Bitcoin maybe as time goes by a could be adding some other coins on my portfolio but for now the only coin I have hope on is bitBitcoin.

Yes, it's true, the big bet for beginners in the crypto field is investing in shitcoins. but on the other hand, if these beginners invest in shitcoins, it is not only a big risk but also stupidity or negligence in choosing investments. Maybe if beginners read these posts they will think twice as hard about where they choose to invest.

once again, if you want to start investing, start by investing in bitcoin, nothing else. Learn first before falling for their promotion. Affiliates will definitely continue to look for effective promotional methods so that you fall for their bullshit. But also remember that everything called investment, especially in crypto, definitely has different risks, so please choose your own risk, bro.

Shitcoins are scam coins, and of course, you should stay away from them. It's a big gamble if you invest in them. The strategy is to get in early and get out at the right time, but since they're scams, there's a higher chance of losing money.

Just choose Bitcoin if you don't want to risk failure again. Bitcoin, often referred to as the father of crypto, may not experience the dramatic price spikes of x100 or x1000, but at least its price tends to rise steadily and slowly, which is safer compared to investing in shitcoins that are likely to deplete your funds.

If you're interested in investing in altcoins, you might find some with potential for a 100-times return, but based on the historical performance of altcoins, the chances of success are very low, probably lower than 5%.

It's okay to think like that when you first get to know crypto because many of us also think the same. But after we got to know Bitcoin, many shifted their investments to Bitcoin even though they still invested their money in altcoins. That's because they see that some altcoins have a chance to increase.

And if you are more focused on investing in Bitcoin, that's even better because you don't need to look for altcoins. This will also reduce the time to search for coins because you only invest in Bitcoin.

But if other people continue to invest in altcoins, that is their choice because they may have already found the right altcoin to invest in. They want to try the opportunities that exist by investing in altcoins too. So investing in Bitcoin alone or even in Bitcoin and altcoins at the same time is each person's choice. And that is normal for investors because they already know the risks.

Greed can interfere not only with the purchase and high expectations from altcoins, there will always be those who will buy Bitcoin and expect a very high price, but even in this case, I am sure that it will be much safer, because over time Bitcoin will rise in price and will allow you to get profit.

But this trick will not work with altcoins, because in this case time will play against you, the longer you hold, the more likely it is that you can lose everything. And you are right, the maximum profit is not the one we could get, but the one we can get from our investments. We make the right choice of investments and make a profit.

The lifespan of altcoins is short because they were created for speculation without any real technological innovation as they claim. Once the trend passes, projects will also disappear and new trending projects will appear and that is how the altcoin market is working. So throwing money at altcoins, even top altcoins is extremely risky, or rather they are all shitcoins.

In my opinion, Bitcoin still brings maximum profits but in its own way and we are also safer when investing in bitcoin. Maximum profit is when the profit reaches the goal we have set, not the biggest profit because if our greed has no bottom, no amount of money will be enough for us.

Are you saying this to us because you didn't earn any profit investing into shitcoins, eh?

You also said that "I thought shitcoin also has that potential". It's on it's name already. SHITcoin, meaning it will just give you some sh*ts, and will not give you anything good. Potential? On shitcoins? Are you serious OP? Why expect too much on them when at first they are already being called as shitcoins. Don't make me laugh that hard.

Kidding aside, I believe that you posted this because of your emotions, and the fact that you lost money investing into these type of coins. I know that there's nothing wrong with, and I hope that you learned from it as well. On the other hand, I don't agree with you though to what you said. Invest only in Bitcoin? I know that many altcoins will just die in a few years, but there are altcoins out there who are still there for a long time, and established already. I believe that investing into those type of coins is still a good investment.

Don't look on Bitcoin like "the only coin to invest" in the crypto market because there are still good altcoins out there that's good to invest as well.

Sounds good to say about invest only in bitcoin but you are just missing some point of other perspective since for sure there are lot of altcoins there can possibly give you a profit. And if you put all of it in one basket which is bitcoin for sure you have high chance to get stuck when bear season occur since for sure everything went down and that can affect your investment. Unlike if you distribute it to top altcoins then wait for proper movements then it can provably give you a good result and you will never get any worry to get stuck since you have so many option to choose especially if you decide to sell and secure some part of your capital.

Some became lucky on shitcoin but it doesn't convert to other people since some other gets a bad faith. But if you are very vigilant then maybe this shitcoins can give you some short term profits that's why we need to use our brains before deciding to accumulate some of this tokens.