Topic: Should I Keep Buying Bitcoin Alone if I Have Limited Resources? - page 3. (Read 388 times)

Experienced crypto investors who have been in the industry from its inception are likely to take a more sophisticated approach to investing. They have watched the growth of the crypto sector and may have investigated initiatives other than BTC and ETH. It's difficult to give specific coin recommendations to younger investors because the cryptocurrency market is very volatile and vulnerable to quick fluctuations. The terrain is continuously changing, with new initiatives sprouting up and old ones growing.

As his friends said, the safest investment source in the crypto money investment world is bitcoin. But with limited resources, you need a large capital to become rich on bitcoin. Because if bitcoin is 100 thousand dollars as of today, you can get 4x at most. But if you say that I don't need a lot of money, this amount is enough for me, it makes sense to make this investment. But if you want to make more money, sensible investments with serious analysis can make more money without taking too much risk.

You have made it clear if you have limited resource and why do you try to force your self to buy the coins that have very high price for a coin? Forget bitcoin and ethereum then move to the altcoin. Altcoin is the possible thing that can multiple your money.

Think about that wisely. The choice is yourse. DYOR.

Let me put myself in your shoes, whether or not I have limited resources or surplus resources, I will put 100% into BTC this is because Bitcoin offers more stability for long-term usage and profitability, so for a starter, it is better to look into assets that have proven track records of success and bitcoin is the only cryptocurrency that qualifies for that category of long term stability and sustained market over time.


Invest in altcoin only if you want to gamble with your investment which I am sure no one will be ready to risk their money on uncertain investments like bitcoin which can be easily pumped and dumped at any time.

For starter, try to split your statement into paragraph so that it will be easier to read and understand. It very hard to finish reading the whole content due to the small text and very long context without separator.

It’s true that purchasing only Bitcoin when you have a limited resources is the best way to maximize gain since Bitcoin price is the best performing crypto asset in long run. Wasting your money on risky shitcoin will just make your investment slow to grow because shitcoins is worst during bear market. Buy only Bitcoin and keep holding until your bags is already. This way you can guarantee a maximize profit on crypto with less risk.

For me yes if your investment is small buying the safest is the best choice, you can only diversify if you have large funds I was faced with that scenario and it's not logical to diversify with a small amount so I picked Bitcoin and that's the best decision I've made, if I have diversified with a small amount I would have lost half of my investment, so I prefer the safest one which is Bitcoin, it will go down but it will eventually recover.
Bitcoin should have the largest bulk or the main coin in your portfolio.

IMO, there are several points and thoughts in your post that I would like to note. Buying Bitcoin or other cryptocurrencies is an investment decision, and it carries many risks. It is important to have a well-thought-out and well-formulated investment plan in place before deciding to invest in any currency. Accumulating Bitcoin and holding it for a long time can be of great benefit to resourceful and patient investors. This is not an investment strategy that works for everyone, and needs to be carefully evaluated and considered. For newer investors, investing in these currencies can require in-depth knowledge and experience to make the right investment decisions.

I learned a hard way by selling my BTC because of the lack of funds in real life. The meaning of limited resources depends on what kind of person you are asking but for me limited resources means that you only have money for necessities and extra money for something. I believe that we should invest on BTC if we are secured in real life like having savings and emergency funds. I sold my BTC back then because if don't have any funds at that time and I experience an emergency that force me to sell my BTC at loss. I learned my lesson back then and now I'm confident that my Bitcoins won't be touched even an emergency happen again.

Even if you have limited resources its still advisable to diversify, though Bitcoin can be lesser risk for long term time frame there's still no assurance for its peak price so I suggest to buy other good crypto as well and do the DCA.

Don't go all in regardless of its value, that is too risk so if you want to be more profitable then invest wisely. I prefer to allocate 50% of my investment to Bitcoin and the rest will serve as my capital for trading and altcoin investments.

Bitcoin seems to be the safest investment in the world of cryptocurrencies. If someone just wants to regularly allocate some amount for investment and forget about these funds for a long time, then bitcoin seems to me to be a good asset. However, if someone wants to get more involved in the world of cryptocurrencies, then diversification is advisable. There are many interesting projects on the market that can bring more profit than Bitcoin over time, but you need to follow these projects on an ongoing basis, because there is also a greater risk of failure.

If you think you're really interested in making a profitable investment with lesser risk then first considers bitcoin, later if you're getting along and have improved more in knowing about how to research other cryptocurrencies, you can give a try on Ethereum as well and any other cryptocurrency you think worth it and deserves your investment after a thorough research on them, don't also get too involved in many altcoins because of the scam projects and don't invest on tokens if you're intending to hold for long.

I hear a lot of people asking this question, "Should I Keep Buying Bitcoin Alone if I Have Limited Resources?"  I think one person I hear them asking this to most is an investing influencer that made all of his money in the stock market, and in 2019 made the shift into the crypto markets, accumulating Bitcoin and Ethereum at that point.  I would say he has over 1000 BTC.  Now he is even looking for opportunities to convert his ETH to even more BTC because there is only 1 king.  Not only does he think BTC could enter a new phase of outperforming ETH if BTC undergoes mass adoption at some point, but he understands the long term benefits of BTC and all that is implied for BTC because of it's scarcity and superiority.  He views ETH as a trade only and he sees BTC as something that you only accumulate and never sell any of.  This is the instruction that he gives everyone, including people who ask him, "Should I keep keep buying only BTC if I have limited resources?".  The resounding answer from him is "yes, just keep buying BTC and don't ever sell it".  Which I would actually wholeheartedly agree with if they were already wealthy people like he is, but maybe what they are politely trying to ask him is, "what can I do to reach my goals like you have?".  They, being able to see the end from the beginning, which is that if their position in BTC never grows to anything substantial enough to help them reach their goals, how relevant is the greatness of BTC to them.  While an influencer from 2019 has done very well for himself in the crypto markets, aren't there crypto investors that go back to like 2011 and or before that have their roots in crypto and know an exact strategy and approach to help newer people reach their goals in crypto because they have done it themselves?  Wouldn't they have something more to say to people than, "just buy BTC?".  What would they tell people should be the criteria for their investments?  What coins do you think these early crypto investors are investing in currently as a compliment to BTC & ETH, that they believe will help newer investors meet their present day goals?