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Topic: Newbies focus on buying Bitcoin, ignore the noise about other cryptocurrencies - page 5. (Read 845 times)

legendary
Activity: 2310
Merit: 4085
Farewell o_e_l_e_o
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.
Altcoins are more risky than Bitcoin and engage with altcoins increasing risk of capital loss, not capital gain.

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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.
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.
hero member
Activity: 1666
Merit: 709
Playbet.io - Crypto Casino and Sportsbook
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.
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.
sr. member
Activity: 560
Merit: 265
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.
sr. member
Activity: 476
Merit: 385
Baba God Noni
Investing on shitcoins is gambling and that means that you will definitely not be happy with your investment in the long run. Bitcoin investment is the first thing anybody that wants to invest in the cryptospace should invest in, because when you invest and grow your portfolio with DCA in the long term, you will be in profit since bitcoin is still young and the price increases overtime.

You should also see bitcoin from this angle an asset that keeps the value of your money from inflation, because whatever amount of money you are using to buy bitcoin will not be affected by inflation. Instead of saving in the bank for 4 years and above, save those money gradually in bitcoin and enjoy the benefits in the long run.
sr. member
Activity: 434
Merit: 253
Trust the process, imbibe consistency
The greatest mistakes most newbies make is to pursue quick wealth which they believe they will get from low cap tokens since they assume that Bitcoin have become too expensive. Due to this approach, a lot of newcomers waste fortune to shitcoins and scams, chasing the next big pumps and before they realize that Bitcoin is the real deal and the asset that will guarantee that their money is not lost.

I am therefore encouraging newbies to start investing in Bitcoin and never yield to the hypes going on that there is a shortcut to wealth via newly lunched projects that will pump hard following some supposed expert marketing. While getting proper knowledge, you can start investing and set 5 to 10 years target and see how happy you will be with Bitcoin.
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