Topic: Newbies focus on buying Bitcoin, ignore the noise about other cryptocurrencies - page 4. (Read 805 times)

Theres no such thing as shortcut to wealth and financial freedom. You arent wrong bitcoin is a long term goal asset for hold, but investing too in altcoins can reward you in the long run as long as you pick a good project for that. There are many alts that give multiple profits from a very low cap buy and thats something we need to learn and understand.

We cant go back in time to buy more bitcoin now but onky to dca. Since we have prefences and other options we can utilize that on the best on of our ability.

truth is that most newbies are not even investing in bitcoin or some shitcoin as per the literal concept of long term investment. they just want to get into something that will give them quick profit and that is why regardless of how you discourage them from investing in shitcoin they will continue to go into that because that's the kind of thing they are looking for; an asset that is very volatile and that overnight can just yield them fast profit. there are a lot of newbie investors that have started gathering some shitcoin already with the hope that the effect of the coming world cup will create a massive pump of those coin. there source of information might be unknown to me but it is how most of them do and end up gathering and investing into some shitcoin that is already dead on arrival.

investing in bitcoin is for real men that are disciplined enough to look at the future and not necessarily looking out for short term benefit. regardless of your rank or level of knowledge in the crypto space, be you newbie or an old investor, if your mindset is not tuned to the fact that you want to invest for the long term, investing in bitcoin is going to look very difficult for you. quick wealth is a major distraction to most bitcoin investors be it newbies or old timers.

Newbies chasing shitcoin in expectations or pursuit of quick wealth are Just being ignorant.  Because they thought bitcoin is too expensive and looking for a shortcut to wealth not knowing its the quickest way to poverty.  Due to the high demand  to make quick wealth has made many youths lose there  money in some shitcoin and blame it on bitcoin, that bitcoin or cryptocurrency is a scam,  not knowing they failed to do proper research. I would say newbies should invest in bitcoin than wasting those money on gambling coin because Its a pump and dump coin and no real long term value.  I have many of them lying dead in my wallet due to my lack Of understanding about bitcoin back then.

Bitcoin is best and safest while altcoins are worse and unsafe. During a bull market like two years, top altcoins can give you very good profit but profitability and safety for your fund are different. About safety of your fund, altcoins are not good, even top altcoins.

History says it.
Don't buy altcoins because they are top altcoins

You can invest your money in altcoins like top altcoins in a bull market, hold it and get profit only during a bull market. After bull market ending, in very first month of a bear market, you must exit all your positions with altcoins, and convert them to bitcoin or cash.

Things are changed, now is not years ago. Before now it used to be only BTC that is trustworthy. But now there are other good altcoins in the top 10 that can give you good profits.

Infact, we have got meme coins which has even lasted a decade and still existing. I will only say you should avoid shitcoins and not good altcoins.

What makes people to pursuet quick it is because of the one to get money and there's nothing they can do but for me I cannot support such emotion that you should not look for how you will make a word very quick but only Factor I consider very much is the factor of risk and is very clear anyone who lose can easily go depressed and what makes people to lose some thousand time is because they don't know the rudiment of it so I believe that is one of the things that makes some people to lose in anything that they are doing lack of research is one of the major reason

Seriously don’t know why they focus on quick profit, actually no one is stopping the ambition to make profit seeing everyone target is to make profit. My observation concerning quick returns it’s either the person choose a wrong step unknowingly or they believe this idea is the best, now experiencing bitcoin bull is the major topic yet some folks chase after altcoins this season. Only few altcoins will yield profit and if they’re not careful now when the market is high they might invest in some pump and dump project due to the hype, bitcoin investment remains the best also considering others point of view I can’t stop anyone from choosing altcoins.

Investing in Bitcoin is good advice, which I will never stop giving newbies if they ask for my honest review, but I can't stop anyone from investing in altcoins. They should always do their own research and make their decision. If they believe they can, then they should go ahead.

After someone I gave advice to avoid pump tokens and focus only on Bitcoin and other major projects token slammed me with an allegation that I'm the reason why he missed a particular token, if I had not given him the advice to avoid shitcoins, he could have been lucky with one like his friend, the best advice I give now is DYOR; if the outcome says invest, then I can't stop them.

And there is nothing wrong with focusing on bitcoin alone, and people are just not understanding that you don't have to have all the whole money to buy one bitcoin but it's an investment that you can invest in fractions so you can buy what you can afford, and people think that since they can not afford bitcoin they would have gone for other affordable options but how sure will they yield anything, most coins anyone will want to fallback on, but in some cases it is not actually worth it, only few alternative coins make it alive in the market but since there are other coins that can be invested in that is why a lot of people are shifting there attention to does coins.

All this things happens because they don't understand, they have to choose clearly the kind of game they play, the entire market is a game, so it's better to know how to play it the earlier the better. And beginners are always fallen victim of all the wrong decisions in bitcoin and shitcoins invest and just because other people do it comfortably those not mean you will also be able to succeed in it.

Even though some newbies will not accept it, the truth is that it is the only way to fully enjoy investing in Bitcoin and anything contrary to that is like trial by error. Those who accept the waiting and put it to practice will surely reap the reward and those who want to follow the fast way will also learn the hard way if something goes wrong with their approach. The good thing about forum like this is that the newbies now have the opportunity of learning from the experience of those who have been through the various stages of Bitcoin development.

This is actually the problem and part of the reason I made those post because I have seen some of those noise on social media as Bitcoin is rising. Many shitcoins are leveraging on the news of the pump to promote their project even using celebrities and influencers. Newbies have to know that those are just hypes that fades away very fast taking their monies along if they are not careful to resist the hype.

There is no shortcut to wealth at all especially not in the crypto world, everyone you seebin the crypto space that is successful didn’t just make it overnight and newbies need to put this at the back of their minds. The market is risky and you can’t outsmart it by trying to invest in low cap tokens, by doing so you’re just going to waste your time and resources. You should invest in Bitcoin or well stable altcoins and hold for a long time if you must invest in altcoins.

That is just the major problem beginners are facing when it comes to investing in altcoins, it is very difficult for them to identify the right taltcoins to invest in and that’s why they end up investing in the wrong ones which results in losses.

Bitcoin is just the right investment for every beginners but they are probably scared of its price and think if they go for altcoins with low prices it will benefit them more, some don’t even carry out research on them they just invest ignorantly. There are too many altcoins in the market and without proper research your chances of investing in a good project is very low.

Its important that those who just started investing in cryptocurrency first take a look at how Bitcoin works, because from learning how Bitcoin works, we get ideas on how decentralization and peer-to-peer work, which are the basic principles of cryptocurrency. Even if a newbie is attracted to quick profit brought by memes, its imperative to learn Bitcoin core principles. Skipping will backfire later, as there will be a void in what you know about cryptocurrency.

Possibly upon they saw the price of the bitcoin they think they are already late with the market trend of the bitcoin so one of the best things they could see is to join the ride with the market of the altcoins, some of them expect that meme coins and other shitcoins is a good investment because it could return a high-profit value but not all the time they have the same picture because these coins are the higher risk because they have the low cap and possible there's market manipulation unlike with the bitcoin. There's nothing wrong with buying altcoins but make sure you know whats the purpose of the coin so to identify if this coin has potential. There's a sequence every bull run after the bitcoin goes pump the eth and alts will now follow but make sure you accumulate a worth tokens.

The fact that altcoins in a bull run can bring more profit is an undeniable fact. The problem for beginners is that they cannot choose the right altcoin to buy, preferring, for example, some shitcoin instead of ETH.

If you tell some people that they have to wait for four years or more to start reaping from Bitcoin investment, many of them will not accept. These days almost everybody is in a fast lane and wants to make profit immediately.

These shitcoins are usually highly publicizes with celebrities endorsing them. With the hype caused by planned advertisement and promotion, newbies are naturally attracted to these scam projects. I just hope these influencers and celebrities will be held responsible for these careless promotions.

I have many of these altcoins chasers in my neighborhood. Some of them have more than fifty different coins in wallets but the worth of them all is less than $50. But they would have made more money if they had focused on only Bitcoin. It is now clear that it is not in the quantity but the quality of the coin.

Beginners are afraid of the price of Bitcoin without understanding all the intricacies of its purchase; they are fascinated by the low price of alternative coins, which, in their opinion, should grow very quickly. But those who once lost a lot of their money on investing in altcoins, having gained experience and understood the full value of Bitcoin, will not only invest in it but also ardently dissuade all their uneducated friends from wasting money and investing unreasonably. I see the right advice when beginners are offered to start with Bitcoin, diversifying their portfolio only when they understand which coins besides Bitcoin should be bought.

New investors in cryptocurrencies mostly make big mistake by trying to get rich quickly with small unknown coins. They think Bitcoin is too expensive but this approach mostly leads to losing money to scams. Instead of this it is better to start with Bitcoin which is reliable and well known cryptocurrency. Do not fall for promises of quick wealth from new projects as they are mostly scams or have unrealistic expectations. Focus on learning and investing wisely for long term like 5-10 years. This approach may not be exciting but it is more sustainable way to build wealth. Investing in Bitcoin and other established cryptocurrencies can help you achieve your financial goals.

Altcoins are more risky than Bitcoin and engage with altcoins increasing risk of capital loss, not capital gain.

• Dead coins: How many cryptocurrencies failed?
• Dead altcoins.
• Failed cryptocurrencies by year.
• Cryptocurrency historical snapshots.
• Bitcoin vs. Altcoins – projected Marketcap.

You can win with your bets in altcoins, in some bets but they're different than winning a battle. In a long term, the more engagement you have with altcoins, the higher risk for your capital, and probability to end with capital loss becomes bigger. It's especially true in a bear market.

There are people who has been in crypto-currency for a long time and still they are losing in their low cap altcoins investments and their are newbie with zero knowledge who are winning in their low cap altcoins investments.
Low cap altcoins investments poses as risk to both the experience and the non experience especially when they are easily manipulated and based of hype.
I am not saying that low cap gems can give an investor their expected ROI but it's a long shot and to mitigate loses Some investors buys lots of different low cap altcoins hoping one would break through but still their are higher chances that non would give the expected results.
Crypto-currency is not a quick wealth opportunity, buy Bitcoin and Hodl.

We can share different sentiments on this and still have the same goal. Yes, it is true that newbies should focus on buying Bitcoin but there is also another side of the argument that newbies who understand how cryptocurrency work and have done their home work can also invest in other altcoins with the goal of cashing out when it pumps and investing it in Bitcoin.

It is all about our timing, knowledge and still following the fundamentals one of which is to invest only the amount that if it is lost , you won't be pained. And if you as a complete newbie don't know where to start, start with Bitcoin, it is the safest.