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.
It is nice to see at least a newbie with some common sense, every single day we see newbies taking enormous risks that even some of the most experimented members of the forum will never take and yet they think that somehow they are going to make things work, but as you may guess that is not what happens and the people that invested in altcoins lose a great deal of their money, and while what we saw with Terra Luna is the most extreme example of this, the truth is that we see something like this happening almost every single day. 
Topic: Reason why I put all my money in Bitcoin as a newbie - page 6. (Read 1942 times)
Free cash? You mean fiat, he can be able to convert some bitcoin to cash if he wants, I can easily convert bitcoin to cash if I want. Also he can easily convert bitcoin if he wants to invest in other assets like gold. I do not see anything bad to leave his asset in bitcoin but it will be good for him to know how the price of bitcoin can be volatile but leading to all-time-high again.
Yes, it's stupid to not own any fiat. Any investment can crash, especially Bitcoin, with which it happens regularly, so converting it to fiat might be forced to be at a loss. A strong fiat currency like USD and Euro is not going to lose its value overnight. Inflation is predictable.
Some altcoins have value but just that we do not know the next that will follow luna, people should only risk what they can lose on altcoins, that is how I see altcoins.
Risks should be managed in a way that a potential reward is higher than the downside. With altcoins there's only downsides. They have no future, no one uses them, no one will use them. In 10 years globally nothing changed with altcoins - they have no adoption.
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 is falling seriously i don't know if every body will like or wish to bring bitcoin close through investment, but this is not the right time to invest or turn all your money into bitcoin, because the falling habit of Bitcoin and any other cryptocurrencies is very scary because not to lost investment money, the investment is that if you mind permit you to invest there you can invest because buying now might give you more Profit than leaving it in fiat currency that does not appreciate 
As a newbie in cryptocurrency I have always invested in bitcoin because bitcoin is the only coin I can rely on no matter how the market is bearish. Bitcoin is the best coin to invest in when it comes to long-term investment, I think as a young investor it is best to start with a coin like bitcoin that is well reliable even when the market is bearish, because it will definitely comes up.
People always say that in the long term bitcoin still has the potential to generate profit for its investors. We know historically that bitcoin was down 90% more than ATH but look what is happening now, bitcoin has risen and is providing good returns for its investors. I am a firm believer in the long term the bitcoin price will still increase, I know it is never guaranteed by anyone but the growth in users and adoption has given us good hope of having something great in the long term.People always say that in the long term bitcoin still has the potential to generate profit for its investors. We know historically that bitcoin was down 90% more than ATH but look what is happening now, bitcoin has risen and is providing good returns for its investors. I am a firm believer in the long term the bitcoin price will still increase, I know it is never guaranteed by anyone but the growth in users and adoption has given us good hope of having something great in the long term.
If it is for the long term, BTC never disappoints us. Just learn the price history, after a bearish, there should be a bullish period followed. Even, every 4 years, BTC has another ATH (a new ATH). This means that BTC always recovers its price, and people shouldn't be worried about the potential of BTC investment in the long term. Sure, there is no guarantee about how long the BTC exists and how the adoption of BTC in the future, but it is always growing fast nowadays. It is a sign that BTC begins to be a crucial part of human daily needs, which means to have hope for a long last.
As a newbie in cryptocurrency I have always invested in bitcoin because bitcoin is the only coin I can rely on no matter how the market is bearish. Bitcoin is the best coin to invest in when it comes to long-term investment, I think as a young investor it is best to start with a coin like bitcoin that is well reliable even when the market is bearish, because it will definitely comes up.
People always say that in the long term bitcoin still has the potential to generate profit for its investors. We know historically that bitcoin was down 90% more than ATH but look what is happening now, bitcoin has risen and is providing good returns for its investors. I am a firm believer in the long term the bitcoin price will still increase, I know it is never guaranteed by anyone but the growth in users and adoption has given us good hope of having something great in the long term. 
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.
To understand and see the advantages and superiority of bitcoin over all the other cryptocurrency, you need to survive the fall of some crypto in which you have invested. Of course, it’s not at all necessary that you personally invest in this, but when your money is at stake and you see how it melts before your eyes, it’s great sobering. After seeing such a whole touch of naivety that you can take risks for the sake of obtaining a possible large profit by investing in altcoins, it instantly disappears.In general, I support your decision to invest all available money in bitcoin without splitting into altcoins. In my opinion, these hypothetical opportunities to make good money are not worth these risks.
As a newbie in cryptocurrency I have always invested in bitcoin because bitcoin is the only coin I can rely on no matter how the market is bearish. Bitcoin is the best coin to invest in when it comes to long-term investment, I think as a young investor it is best to start with a coin like bitcoin that is well reliable even when the market is bearish, because it will definitely comes up.
Obviously a diversified portfolio is best and nobody should have 100% of their funds in anything. I'm not sure I'd agree with alts having no value though. Bitcoin isn't a smart chain. There is plenty of need for a smart chain to exist and competition is the only way to see improvement accelerate in the space. As soon as Bitcoin became a store of value instead of a useable currency, the door flung open for everyone to try and create a better chain that can function as a p2p currency. My portfolio is nearly all Bitcoin, but ignoring the gains that have been made over the last few years in metaverse coins and L2 solutions doesn't make you a smart maximalist, it makes you a tunnel vision investor.
The price of altcoins is based on hype, artificial pumps, irrational speculation. It's not based on real world utility. That's why altcoins come and go, coins that had billions in marketcap yesterday are forgotten today. Smart contracts are only used in crypto sphere itself - trading crypto for other crypto, gambling, creating tokens, etc. There's no company outside of crypto, big or small, that somehow utilizes smart contracts. Despite this being the original claim behind the "world computer". Vitalik was promising how Ethereum will automate the sale of electricity, for example.
And as for use for payments, Bitcoin is still far better than any altcoin thanks to LN. Because Bitcoin combines the robustness of its network with instant and nearly free transactions of LN, while altcoins have smaller network that can be attacked or exploited.
This is a good decision for any newbies to embrace in the community to be part of the successful investors in the land. Investing all your money on bitcoin will really help you to grow faster in profit making because the price has decreased to $28,000, to allow people to embrace this opportunity to prepare well for a better future to come. I spend a huge amount of capital on bitcoin investment when the price decrease to $30,000 few weeks ago that is giving me full confidence that the price will definitely hit $80,000 before the end of next month.
Decentralized is still the key, though it can also be manipulated by the whales but at least there’s a higher chance for recovery. Newbies right now should do the same thing, I just don’t like the idea of going all in because there’s still risk here and the market offers a lot of opportunity so it is still better to diversify. Imagine if you are able to buy at the bottom price, in the next 3 years the price will surely become more expensive.This is a good decision for any newbies to embrace in the community to be part of the successful investors in the land. Investing all your money on bitcoin will really help you to grow faster in profit making because the price has decreased to $28,000, to allow people to embrace this opportunity to prepare well for a better future to come. I spend a huge amount of capital on bitcoin investment when the price decrease to $30,000 few weeks ago that is giving me full confidence that the price will definitely hit $80,000 before the end of next month.
Decentralized is still the key, though it can also be manipulated by the whales but at least there’s a higher chance for recovery. Newbies right now should do the same thing, I just don’t like the idea of going all in because there’s still risk here and the market offers a lot of opportunity so it is still better to diversify. Imagine if you are able to buy at the bottom price, in the next 3 years the price will surely become more expensive. 
Putting literally all your money into Bitcoin is not a good idea, not in a sense that you should buy some alts, but in a sense that you should have other investments and free cash. Rule #1 is to never invest what you can't afford to lose, and no one can afford to lose all their money.
And as for alts, no one should be touching them, newbie or not. Fundamentally they have no value.
And as for alts, no one should be touching them, newbie or not. Fundamentally they have no value.
Obviously a diversified portfolio is best and nobody should have 100% of their funds in anything. I'm not sure I'd agree with alts having no value though. Bitcoin isn't a smart chain. There is plenty of need for a smart chain to exist and competition is the only way to see improvement accelerate in the space. As soon as Bitcoin became a store of value instead of a useable currency, the door flung open for everyone to try and create a better chain that can function as a p2p currency. My portfolio is nearly all Bitcoin, but ignoring the gains that have been made over the last few years in metaverse coins and L2 solutions doesn't make you a smart maximalist, it makes you a tunnel vision investor.
Putting all our funds into one coin is risky but I think choosing Bitcoin is somewhat different and totally safe. If I was confident and comfortable that Bitcoin gives me profit, I'd rather not add more coins so my mind is focused on Bitcoin only. Whether you believe me or not, keeping a number of coins gives you more stress.
As much as I like Bitcoin but realistically, there is no safe investments. All of them has risk associated with it, but only differs on the level of risk that particular investment bears. The OP did mention that Bitcoin has never crashed, and we all know that's not entirely true. Bitcoin crashed several times which is actually happening currently too. So, If the OP is not aware of that, then that might be an additional risk for the OP as he might freak out If by any chance Bitcoin falls under $10k in the coming months.
@Questat I believe you with that. Indeed that having a lot of coins on our portfolio is stressful because we need to monitor each of them but if you only have one coin in your purse, you can worry less. They can say that it's risky but you can just ignore them because it was still your investment not theirs. They think that btc is risky because it is too volatile but if you know what you are doing, you are calm and patient enough to hodl for a long time then nothing bad will happen to you but you only need to make sure that your keys are on a safer place.
People who are veterans of crypto and have faced these type of situations know what they should be doing and that is a good thing. I personally prefer buying when it goes down, but the nature of going down means that someone must have sold it and got out.
Putting all our funds into one coin is risky but I think choosing Bitcoin is somewhat different and totally safe. If I was confident and comfortable that Bitcoin gives me profit, I'd rather not add more coins so my mind is focused on Bitcoin only. Whether you believe me or not, keeping a number of coins gives you more stress.
As much as I like Bitcoin but realistically, there is no safe investments. All of them has risk associated with it, but only differs on the level of risk that particular investment bears. The OP did mention that Bitcoin has never crashed, and we all know that's not entirely true. Bitcoin crashed several times which is actually happening currently too. So, If the OP is not aware of that, then that might be an additional risk for the OP as he might freak out If by any chance Bitcoin falls under $10k in the coming months.
@Questat I believe you with that. Indeed that having a lot of coins on our portfolio is stressful because we need to monitor each of them but if you only have one coin in your purse, you can worry less. They can say that it's risky but you can just ignore them because it was still your investment not theirs. They think that btc is risky because it is too volatile but if you know what you are doing, you are calm and patient enough to hodl for a long time then nothing bad will happen to you but you only need to make sure that your keys are on a safer place.
This is a good decision for any newbies to embrace in the community to be part of the successful investors in the land. Investing all your money on bitcoin will really help you to grow faster in profit making because the price has decreased to $28,000, to allow people to embrace this opportunity to prepare well for a better future to come. I spend a huge amount of capital on bitcoin investment when the price decrease to $30,000 few weeks ago that is giving me full confidence that the price will definitely hit $80,000 before the end of next month.
While it is Bitcoin is the best investment tools in crypto yet I don't wanna advise OP to stick in Bitcoin as diversification is still the most safest and clearer investing , as long as you know how to choose a coin to add in your bitcoin.
Example Binance and Ethereum , then add ADA and Monero , those coins are the safest and a secure coins to keep holding for long term.
As much as I like Bitcoin but realistically, there is no safe investments. All of them has risk associated with it, but only differs on the level of risk that particular investment bears.
The OP did mention that Bitcoin has never crashed, and we all know that's not entirely true. Bitcoin crashed several times which is actually happening currently too. So, If the OP is not aware of that, then that might be an additional risk for the OP as he might freak out If by any chance Bitcoin falls under $10k in the coming months.
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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.
Since you are just a newbie, I think this is the best and safest option that a newbie can do.I just hope that other newbies out there will do the same because newbies are prone to scams since they have little to no information with regards to investing in crypto. Now as you gain more information and knowledge, you might try to invest into some top altcoins as well to diversify your portfolio. Some might say that "putting all your eggs in one basket isn't a good strategy," and yes I agree with that but if you really want to invest into crypto and you are still a newbie then putting all of it would be better than investing into some new projects out there which has a higher chance of becoming a scam.
I just hope that OP will not panic at all and has a exit strategy
. 
You did the right decision mate. Some are thinking that having multiple coins for investment gives them more, well, that is partly wrong as it depends on what you invest. Yes, it is to agree with that having Bitcoin alone gives us a satisfying results.
While it is Bitcoin is the best investment tools in crypto yet I don't wanna advise OP to stick in Bitcoin as diversification is still the most safest and clearer investing , as long as you know how to choose a coin to add in your bitcoin.
Example Binance and Ethereum , then add ADA and Monero , those coins are the safest and a secure coins to keep holding for long term.
Putting all our funds into one coin is risky but I think choosing Bitcoin is somewhat different and totally safe. If I was confident and comfortable that Bitcoin gives me profit, I'd rather not add more coins so my mind is focused on Bitcoin only. Whether you believe me or not, keeping a number of coins gives you more stress.
Nowadays? we can see that it is not Only bitcoin in which can bring us best result though yeah there is nothing wrong in diversifying and not only Bitcoin but with altcoins in our wallets.While it is Bitcoin is the best investment tools in crypto yet I don't wanna advise OP to stick in Bitcoin as diversification is still the most safest and clearer investing , as long as you know how to choose a coin to add in your bitcoin.
Example Binance and Ethereum , then add ADA and Monero , those coins are the safest and a secure coins to keep holding for long term.
buy coins that you understand and trust.
keep them long term and never panic when there is dumping .
Example Binance and Ethereum , then add ADA and Monero , those coins are the safest and a secure coins to keep holding for the long term.
Bitcoin may not be a 100% good investment choice but then if you invest with the right perspective one will easily.
You did the right decision mate. Some are thinking that having multiple coins for investment gives them more, well, that is partly wrong as it depends on what you invest. Yes, it is to agree with that having Bitcoin alone gives us a satisfying results.
While it is Bitcoin is the best investment tools in crypto yet I don't wanna advise OP to stick in Bitcoin as diversification is still the most safest and clearer investing , as long as you know how to choose a coin to add in your bitcoin.
Example Binance and Ethereum , then add ADA and Monero , those coins are the safest and a secure coins to keep holding for long term.
Putting all our funds into one coin is risky but I think choosing Bitcoin is somewhat different and totally safe. If I was confident and comfortable that Bitcoin gives me profit, I'd rather not add more coins so my mind is focused on Bitcoin only. Whether you believe me or not, keeping a number of coins gives you more stress.
While it is Bitcoin is the best investment tools in crypto yet I don't wanna advise OP to stick in Bitcoin as diversification is still the most safest and clearer investing , as long as you know how to choose a coin to add in your bitcoin.
Example Binance and Ethereum , then add ADA and Monero , those coins are the safest and a secure coins to keep holding for long term.
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