Congratulation for the bold step you took as a newbie to invested all your money in Bitcoin in this bearish season, which is the best season many potential investors use to prepare ahead for a bright future. I think, many newbies will like to follow your step to make Bitcoin their choice to invest in this season, because everybody want to achieve something good in the future that will give he or she joy at the end of the investment. No doubt, Bitcoin is the best among other cryptocurrencies to invest in, and have full confident in making a huge amount of money in the future.
Thanks for these words of encouragement and I am highly impressed with the level of interest on this topic, I just ate the topic to express my decision and desire to accumulate more and more Bitcoin, but when I read through the thread I discovered a lot of contributions that added more sense to the discussion and what to look out for in this kind of decision and how to avoid some risk in this field. 
Topic: Reason why I put all my money in Bitcoin as a newbie (Read 1938 times)
Congratulation for the bold step you took as a newbie to invested all your money in Bitcoin in this bearish season, which is the best season many potential investors use to prepare ahead for a bright future. I think, many newbies will like to follow your step to make Bitcoin their choice to invest in this season, because everybody want to achieve something good in the future that will give he or she joy at the end of the investment. No doubt, Bitcoin is the best among other cryptocurrencies to invest in, and have full confident of making a huge amount of money in the future.
Although putting all funds in a single coin isn't a common idea, I think it is not a too bad idea. At least, you choose the right coin to invest in as a beginner. Bitcoin is the king of crypto coins, it has many advantages to consider as the main asset. Bitcoin is a crypto coin that influences the whole crypto market, its value usually has an impact on the prices of altcoins. Bitcoin is a coin that has the biggest market caps, it is the most favorite coin. Bitcoin is also the most paired in crypto market. Simply, we can conclude that Bitcoin is the most crucial coin in crypto world. According to these reasons, we know that Bitcoin is the safest coin to invest in. The price is also proven to always increase from one bullrun to another bullrun.
the best thing in his decision was to choose bitcoin in exchange for all the funds he had. Unfortunately, since May, the price of bitcoin has fallen quite a bit, and it looks like he needs to be patient enough to hold the bitcoins he has bought from the funds he invested. however, I'm pretty sure that if he is patient, the bitcoin price will likely rise and hit its ATH again. Unfortunately, he didn't have the funds to invest elsewhere and stopped here. it is a side effect of keeping all funds in 1 basket. only, if the price really got to the new ATH, it would make him a huge profit. well, I hope the OP will get that advantage soon 
Never invest everything you have in one asset or even Bitcoin. You never know with the current situation how low bitcoin can how as we could go under 15k in a matter of months or even during the Christmas as we know Bitcoin tends to make bad surprised during winter in a bear market so investing right now in anything is a bad idea in my opinion so it's better to keep your money in your hands if you can in this rough times.
Am still new in this space both in cryptocurrency and in this forum and seeing what is happening even to stable coins lately make me decide to put all my investment funds into Bitcoin since Bitcoin has never crashed or a billion coins getting minted out of no we're and dump into the market just like Luna tereUSTD did, so for your peace of mind I advise newbies to rely only on highly decentralized crypto Bitcoin. Until you learn enough to decide which risk to take and which not to.
Bitcoin should definitely be the backbone of any crypto portfolio. I would even say that it should make up probably 80%+ of your portfolio (mine is higher). I see a lot of influencers saying to go 50/50 with BTC and ETH, but I think people should look to anchor their portfolio with Bitcoin, and then speculate with a % of it that you feel comfortable losing. There's nothing wrong with experimenting with different technologies and you might stumble on some fun projects in the meantime.
You should be prepared to wait for some time as bitcoin and the entire stock market are on a down move to dollars, and in the coming days with the fed deciding on inflation we should expect a long period of price decline, but you have made the right choice by choosing bitcoin over other altcoins to store your money.
It does look right because the goal is to store money in Bitcoin. But if the goal is just to save and not to make a profit at a later date. I think it would be better if the OP wants to put money in a stablecoin that he likes or that he believes is good even though Bitcoin is the best among other coins ever. So this needs to be determined from the start before the amount of assets decreases because stablecoins are always more suitable for holding an amount of money that is not being used. Because Bitcoin is only more suitable to be kept as an investment in the long term with dedication and the hope of greater profits. 
Although putting all funds in a single coin isn't a common idea, I think it is not a too bad idea. At least, you choose the right coin to invest in as a beginner. Bitcoin is the king of crypto coins, it has many advantages to consider as the main asset. Bitcoin is a crypto coin that influences the whole crypto market, its value usually has an impact on the prices of altcoins. Bitcoin is a coin that has the biggest market caps, it is the most favorite coin. Bitcoin is also the most paired in crypto market. Simply, we can conclude that Bitcoin is the most crucial coin in crypto world. According to these reasons, we know that Bitcoin is the safest coin to invest in. The price is also proven to always increase from one bullrun to another bullrun.
For newbies who are inexperienced and also do not have good analytical skills, choosing to focus on investing in Bitcoin is not a bad choice.
As you explained Bitcoin is the safest coin to buy by newbie, because the opportunity for the price to rise in the future is very large.
The problem is that newbies don't understand that they can't expect instant profits from Bitcoin, newbies have to learn to be patient holding
Bitcoin in the long term if they want to make a profit from Bitcoin.
In the end newbie must learn the crypto world well, to understand how Bitcoin works. So newbies don't panic when buying Bitcoin if it turns out
that the Bitcoin price suddenly drops, newbies should learn that the success of investing in Bitcoin is how patient they are holding Bitcoin.
That's why we find quite a lot of newbies who invest in Bitcoin in the end experiencing losses. Because they don't understand how to make a profit
from Bitcoin, so don't be lazy to learn the crypto world for newbies. At least a newbie must know Bitcoin well to be able to profit from Bitcoin.
Although putting all funds in a single coin isn't a common idea, I think it is not a too bad idea. At least, you choose the right coin to invest in as a beginner. Bitcoin is the king of crypto coins, it has many advantages to consider as the main asset. Bitcoin is a crypto coin that influences the whole crypto market, its value usually has an impact on the prices of altcoins. Bitcoin is a coin that has the biggest market caps, it is the most favorite coin. Bitcoin is also the most paired in crypto market. Simply, we can conclude that Bitcoin is the most crucial coin in crypto world. According to these reasons, we know that Bitcoin is the safest coin to invest in. The price is also proven to always increase from one bullrun to another bullrun.
Many people saw cryptocurrency as a good way of making money in exemption of fiat currency, so Bitcoin since it has thrown to air many people started to like bitcoin.
But the main Idea here is that he Goes one time , meaning all the amount are funded in Bitcoin alone in which for me? not practical because diversifying will benefits good than putting all eggs in single basket.When Newbie Invest and gets profit, he will think that Bitcoin is a very good investment, this has also been experienced when I was still a newbiew, at first I invest around $ 50 then profit and became $ 80 in less than a month this made me excited to continue to continue to continue to continue Invest, but after I invest in large quantities that occur is the price of drops and makes me panic and sell everything, I am happy cause profit about 5% in 4 months.
that is what increasing belief and respect is , because the more we trust this market is the more we will be making money in time. 
Am still new in this space both in cryptocurrency and in this forum and seeing what is happening even to stable coins lately make me decide to put all my investment funds into Bitcoin since Bitcoin has never crashed or a billion coins getting minted out of no we're and dump into the market just like Luna tereUSTD did, so for your peace of mind I advise newbies to rely only on highly decentralized crypto Bitcoin. Until you learn enough to decide which risk to take and which not to.
One thing you need to remember, your investment journey in Bitcoin is not always smooth, for example the price of Bitcoin can fall and increase at any time. As a newcomer to the crypto space, you are very brave by putting all your investment funds in Bitcoin, even if your actions are not recommended, you are prepared for any market conditions that may not be as expected. I judge you as one of the investors who believe that if Bitcoin is ready to make a big rebound, it's only natural that you put all your savings in Bitcoin. 
When Newbie Invest and gets profit, he will think that Bitcoin is a very good investment, this has also been experienced when I was still a newbiew, at first I invest around $ 50 then profit and became $ 80 in less than a month this made me excited to continue to continue to continue to continue Invest, but after I invest in large quantities that occur is the price of drops and makes me panic and sell everything, I am happy cause profit about 5% in 4 months.
Newbies always think about making profit from bitcoin, they always believe in the profits that it will surely come but they fail understand that bitcoin is volatile and the price can fall unexpectedly, when volatility happens they panic because it was never in their mind. Bitcoiners who understands that bitcoin is all about volatility, if the price falls they are already aware that it can take place at anytime and the only solution is to hodl till when the market goes up again. 
When Newbie Invest and gets profit, he will think that Bitcoin is a very good investment, this has also been experienced when I was still a newbiew, at first I invest around $ 50 then profit and became $ 80 in less than a month this made me excited to continue to continue to continue to continue Invest, but after I invest in large quantities that occur is the price of drops and makes me panic and sell everything, I am happy cause profit about 5% in 4 months.
You could have targeted a long-term investment for Bitcoin and you will see a better result. Bitcoin had already proven itself that it can recover, history will show us how the Bitcoin market behaves and possibly show us a pattern that we can use to our advantage. I hope you won't panic sell next time when the price of BTC crashes, the price will surely recover and even get to new heights.
I think for those who have been at least in 2017, witnessed the great bull run, one has to think that it's better to be a long term investor. I guess it's the mentality though, it's going to be very difficult for others to hold at least one full cycle of 4 years to see where our investments goes.
Nevertheless, for those who have been their, for sure, they know that this bear market is the best opportunity to accumulate again, hold till the next bull run of 2024-2025.
When Newbie Invest and gets profit, he will think that Bitcoin is a very good investment, this has also been experienced when I was still a newbiew, at first I invest around $ 50 then profit and became $ 80 in less than a month this made me excited to continue to continue to continue to continue Invest, but after I invest in large quantities that occur is the price of drops and makes me panic and sell everything, I am happy cause profit about 5% in 4 months.
You could have targeted a long-term investment for Bitcoin and you will see a better result. Bitcoin had already proven itself that it can recover, history will show us how the Bitcoin market behaves and possibly show us a pattern that we can use to our advantage. I hope you won't panic sell next time when the price of BTC crashes, the price will surely recover and even get to new heights.
When Newbie Invest and gets profit, he will think that Bitcoin is a very good investment, this has also been experienced when I was still a newbiew, at first I invest around $ 50 then profit and became $ 80 in less than a month this made me excited to continue to continue to continue to continue Invest, but after I invest in large quantities that occur is the price of drops and makes me panic and sell everything, I am happy cause profit about 5% in 4 months.
Actually you can still get more profit if you have enough patience when investing in Bitcoin because Bitcoin is very suitable for long-term investment so there is no need to panic when the price declines in the market. Now try to apply your investment again into Bitcoin and start to be patient waiting for the profits to come so you can feel more profits through Bitcoin investment. 
Market's fluctuations are unpredictable and thus in crypto, you can not trust any coin to fully get invested on. But yes, you can confidently invest on best coins like, BITCOIN, ETH, BNB and etc splitting a concerned percentage you wish but not to the whole on one coin. What if market is not fare to Bitcoin and is on ETH. So invest 50% on a coin which has high trading volume and where you trust on and invest another 25% on another top coin following Bitcoin. Keep the remaining 25% to average if some unexpected moves are observed.
I think it is safer to invest in Bitcoin alone than make a diversion with another cryptocurrency. Why? because it is more likely that altcoin will crash than bitcoin. If you want to divert the investment then divert it to other ventures outside cryptocurrency. I think Bitcoin is enough for a long-term investment when it comes to cryptocurrency. Trading altcoins is another story though.
Quote
However, it’s also good to invest in established altcoins but expect that they are not as secured and profitable as bitcoin.
maybe it is the time duration? because we have already knew that bitcoin is perfect for long term holding but altcoins? not sure of it actually .Quote
And also, investing in altcoins are risky as it is. But you could still diversify your investments in bonds, real estate and stocks. That way, if bitcoin fails, your other investments might still be in progress so you’ll not be in a total loss.
exactly, diversifying will extend also our chance to make money either in short time and long term . 
Market's fluctuations are unpredictable and thus in crypto, you can not trust any coin to fully get invested on. But yes, you can confidently invest on best coins like, BITCOIN, ETH, BNB and etc splitting a concerned percentage you wish but not to the whole on one coin. What if market is not fare to Bitcoin and is on ETH. So invest 50% on a coin which has high trading volume and where you trust on and invest another 25% on another top coin following Bitcoin. Keep the remaining 25% to average if some unexpected moves are observed.
I think it is safer to invest in Bitcoin alone than make a diversion with another cryptocurrency. Why? because it is more likely that altcoin will crash than bitcoin. If you want to divert the investment then divert it to other ventures outside cryptocurrency. I think Bitcoin is enough for a long-term investment when it comes to cryptocurrency. Trading altcoins is another story though.
We've seen there are some people who did make such step and hope that it would pay off when the time comes.We've seen how bitcoin rose its value over a decade and this is the main reason on why some people
couldnt really just avoid on taking huge risk on getting all in because they do know the probabilities that could really happen in near future although not an assured thing but at least
we do have some good glimpse into its potential which people been holding or hoping for.
Investing in bitcoin has always been the most secured and most profitable in the crypto market, as altcoins are only made through the image of bitcoin.
I don't think that reasoning is enough of a prop when you state that bitcoin is the most secured and most profitable option as an investment asset in the crypto market. Beginners should get a proper explanation of that because actually they should not invest without knowing what asset they are choosing.Bitcoin is the safest because there is no authority that regulates it. Bitcoin is a tradable decentralized asset and is the asset most adopted by adopters as its use case as a means of payment. For this reason, beginners are certainly safe to choose bitcoin as an investment asset, but it is not necessarily safe if you don't know how to store it and have the right wallet. Bitcoin is also not the only asset that is most profitable (if it is about investing) because for some altcoin investors the altcoin is also the most profitable when ATH is reached. This is clearly different based on the perspective of each and your financial strength in investing.
Market's fluctuations are unpredictable and thus in crypto, you can not trust any coin to fully get invested on. But yes, you can confidently invest on best coins like, BITCOIN, ETH, BNB and etc splitting a concerned percentage you wish but not to the whole on one coin. What if market is not fare to Bitcoin and is on ETH. So invest 50% on a coin which has high trading volume and where you trust on and invest another 25% on another top coin following Bitcoin. Keep the remaining 25% to average if some unexpected moves are observed.
I think it is safer to invest in Bitcoin alone than make a diversion with another cryptocurrency. Why? because it is more likely that altcoin will crash than bitcoin. If you want to divert the investment then divert it to other ventures outside cryptocurrency. I think Bitcoin is enough for a long-term investment when it comes to cryptocurrency. Trading altcoins is another story though.
Bitcoin is a good coin but you should still not put all your money to Bitcoin, that’s too risky and that is not the rule of investments here, diversification is still possible. Honestly, the incident with LUNA wakes up many hodlers because that is a sign that there’s no stable coin here at all and everything can dump in just a week and it can also happen to BTC, not a FUD but a more possible scenario. Bitcoin dumped so many times before, its just that investors are keep on coming back so be careful and don’t trust that much, better to take profit all the time.
Good points, there are many reasons to invest in Bitcoin, like a high return, being less volatile and safe than other Altcoins etc. But as a newbie, you should learn and think before putting all your money only in Bitcoin. Because there is not only high reward but also high risk too, so we should be aware.
Find it weird how everyone is praising you or is saying that you did the right thing. If I were you I wouldn't put all my money in Bitcoin or any crypto currencies. The crypto currency market is very volatile and has a lot of risk associated with it. Even though the risk with investing in bitcoin is low, you still shouldn't invest everything you have in bitcoin. What if after you invest, the market starts going down and then you need some money? You will have to sell your coins at a loss. Invest what you can afford to lose. Diversifying your portfolio isn't that bad. Some altcoins might give you good profit. Put most in bitcoin, rest in some altcoins.
When the bear market happens and bitcoin goes down, I can tell you that no altcoin will go up and make you profit. Portfolio diversification is not bad and should be encouraged but there is nothing wrong with putting all your money in bitcoin. Altcoins only go up and give you profits when bitcoin goes up in price.
It can be seen that in the recent price drop bitcoin has lost more than 60% of its value while many altcoins have lost up to 90% of their value, so it can be said that it is not too risky to put all of it into bitcoin.
Jump to: