I have been holding BTC as my biggest share of my portfolio but I admit that I've got some altcoins too, some are good to be lost forever and I won't mind that and some are I am counting to make some profit. But even with that, if I profit from those altcoins, I'm going to convert that into BTC still and that's why I'm just trying to get to that point. I haven't sold a lot yet and still waiting for them to have some fruitful gains this bull run.
Choosing to place most of it in Bitcoin, I think this is very appropriate because we all believe that this asset has very good developments from day to day and choosing several good altcoins so that we can make a profit, of course this really helps us in collecting Bitcoin as a long-term investment. to be able to make a profit from holding Bitcoin assets and I am very sure that you will be able to make a profit when the price of Bitcoin has increased in the future. 
Topic: Why you should only hold Bitcoin - page 4. (Read 2462 times)
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It is a very safe method by which we can be fairly sure how long the Bitcoin hold will pay us. So investing following DCA method and applying some analytical knowledge can expect to get good returns from it. So increasing Bitcoin holdings or investments will help us fulfill our aspirations.
The main benchmark is not necessarily to use the DCA method for people who already believe in Bitcoin and also with the potential profits that can be obtained through Bitcoin itself. Because everyone can immediately buy Bitcoin when they have cold money that they don't use in other sectors and set it as an investment for a much better future for each of them. I say that because I believe there are still people who are unable to carry out the DCA method even though it is a simple method that is not so burdensome if it can be carried out regularly. 
If we are honest with ourselves, we know that isn't true, and that the majority of people getting interested in Bitcoin or other cryptocurrencies are only into them because of the potential profits they can get from them after making investments and they barely care about their technology or the properties and what they got to offer. Ask some random Bitcoin or cryptocurrency investors a few questions related to the technological benefits cryptocurrencies offer and they wouldn't be able to answer.
So, even though there can be a lot of people who are interested in cryptocurrencies because of what they offer and what services they can provide, most people wouldn't have anything to do with that and they are happy as long as they are getting profits and they will find another place if they seem to get no profit anymore.
So, even though there can be a lot of people who are interested in cryptocurrencies because of what they offer and what services they can provide, most people wouldn't have anything to do with that and they are happy as long as they are getting profits and they will find another place if they seem to get no profit anymore.
Of course. It's always about making money. Long gone are the days where developers and investors actually cared about crypto's usability (not turn it into a speculative playground). BTC is the one crypto that started it all. It's this reason why it has the most attention. Since it was touted as a digital store of value, people buy BTC and hold it with the hopes of making a return in the long run.
The deflationary mechanics of BTC should make it more valuable over time. Even if fees rise to unbearable levels, that won't stop people from investing in BTC. Especially when they rely on third-parties (custodian) to manage their holdings. The digital cash aspect of BTC has faded long ago. Who knows what will happen in the future?
A new financial era has begun. A better time. You're more than an investor if you own Bitcoin. You're pioneer. You're part of something huge. Something incredible. Something thats going to change the world.
You just don't get it OP, the reason for why other hodl other cryptocurrency besides bitcoin is from the fact that there are some altcoins out there that can make you a hefty sum if you just sold it or you've bought when they were cheap and some people in the community have an ingrained thing about them that they can't afford to miss out on things especially for those that have seen bitcoin grow more than $0.1, they just don't want the idea that they miss out on the next bitcoin, that's why it's still popular to invest into altcoin because of the fact that you might be able to buy one that would make you rich and turn your life around.
Bitcoin is like a magic wand in people's lives. It will change the fortunes of people who have invested or are still investing here. There are also many who want to diversify their investments by investing in other cryptocurrencies. But the bottom line is that Bitcoin can pay more dividends than any other cryptocurrency by taking minimal risk. So no one should miss this life-changing opportunity.You might hold only Bitcoin because it is the most established and secure cryptocurrency, has a limited supply that can act as a hedge against inflation, and is widely recognized and adopted
I think the reason why many are interested in holding BTC and maintaining it for the long term is not only because in my opinion there is a lot of great potential that BTC has in terms of technology. If the main set just wants to quickly double profits, I think that's a very basic idea, but let's look further into the future of what actually exists in BTC. That's just the totality of the name.
I have been holding BTC as my biggest share of my portfolio but I admit that I've got some altcoins too, some are good to be lost forever and I won't mind that and some are I am counting to make some profit. But even with that, if I profit from those altcoins, I'm going to convert that into BTC still and that's why I'm just trying to get to that point. I haven't sold a lot yet and still waiting for them to have some fruitful gains this bull run.
Those who have held Bitcoin will of course have long-term planning in holding it and will certainly be able to gain profits in the future and for some people who have held it for a long time, of course they have made profits earlier than those who have just started, because from the beginning Bitcoin appeared. Until now we can see very good developments and currently many people want to invest in Bitcoin because they have seen that the results that can be obtained from investing in Bitcoin are very profitable, but they have to be able to hold it for a long period of time, there is no harm in it. we follow other people's advice in investing but we also have to have enough knowledge about Bitcoin so as not to follow the wrong advice in investing.
Not everyone understands that and not everyone can hold Bitcoin for a long period of time with all the panic over rapid market price movements so there are many things that must be learned first before deciding to invest in Bitcoin for a long period of time.If we look at the possibilities, of course the possibility of profits will be much greater for those who hold Bitcoin for a long period of time and we can see all of this from what happened in the past so this is likely to happen in the future.
And it's true that if someone has enough money to hold Bitcoin for a few years, it will give them a lot more leverage than if I had enough money three years ago, I wouldn't sell. If I could have held till today, I would have gained 10 times, but unfortunately, I didn't have that much money and I couldn't store much except a little bit of it.
You might hold only Bitcoin because it is the most established and secure cryptocurrency, has a limited supply that can act as a hedge against inflation, and is widely recognized and adopted
I think the reason why many are interested in holding BTC and maintaining it for the long term is not only because in my opinion there is a lot of great potential that BTC has in terms of technology. If the main set just wants to quickly double profits, I think that's a very basic idea, but let's look further into the future of what actually exists in BTC. That's just the totality of the name.
If we are honest with ourselves, we know that isn't true, and that the majority of people getting interested in Bitcoin or other cryptocurrencies are only into them because of the potential profits they can get from them after making investments and they barely care about their technology or the properties and what they got to offer. Ask some random Bitcoin or cryptocurrency investors a few questions related to the technological benefits cryptocurrencies offer and they wouldn't be able to answer.
So, even though there can be a lot of people who are interested in cryptocurrencies because of what they offer and what services they can provide, most people wouldn't have anything to do with that and they are happy as long as they are getting profits and they will find another place if they seem to get no profit anymore.
So, even though there can be a lot of people who are interested in cryptocurrencies because of what they offer and what services they can provide, most people wouldn't have anything to do with that and they are happy as long as they are getting profits and they will find another place if they seem to get no profit anymore.
Of course. It's always about making money. Long gone are the days where developers and investors actually cared about crypto's usability (not turn it into a speculative playground). BTC is the one crypto that started it all. It's this reason why it has the most attention. Since it was touted as a digital store of value, people buy BTC and hold it with the hopes of making a return in the long run.
The deflationary mechanics of BTC should make it more valuable over time. Even if fees rise to unbearable levels, that won't stop people from investing in BTC. Especially when they rely on third-parties (custodian) to manage their holdings. The digital cash aspect of BTC has faded long ago. Who knows what will happen in the future?
You just don't get it OP, the reason for why other hodl other cryptocurrency besides bitcoin is from the fact that there are some altcoins out there that can make you a hefty sum if you just sold it or you've bought when they were cheap and some people in the community have an ingrained thing about them that they can't afford to miss out on things especially for those that have seen bitcoin grow more than $0.1, they just don't want the idea that they miss out on the next bitcoin, that's why it's still popular to invest into altcoin because of the fact that you might be able to buy one that would make you rich and turn your life around.
Bitcoin is like a magic wand in people's lives. It will change the fortunes of people who have invested or are still investing here. There are also many who want to diversify their investments by investing in other cryptocurrencies. But the bottom line is that Bitcoin can pay more dividends than any other cryptocurrency by taking minimal risk. So no one should miss this life-changing opportunity.
Well, it's true that BTC owners with long-term goals will definitely get bigger profits than those who invest short-term, even though BTC has experienced a decline, as we can see, BTC has risen again, so I don't think there's any need to panic too much because the Bitcoin cycle has been implemented and there we just wait for btc to reach a new high and we can sell or hold until the price of BTC is higher than the new high that has been reached now
Bitcoin making new all time highs is not enough reason why anyone has to sell his investment if the plan is to hold for long term, what should be be most considered before selling is how much of Bitcoin size you have and how long you were able to hold for that is what Will definitely put any one in a good substantial overall return of investment of an expected investment goal and objectives, however it is always advisable to only sell part of your Bitcoin investment and use it as it please you and not the whole of it while you have the peace of mind to grow back your asset.
That's what I always do every four years when bitcoin enters the halving phase, the most comfortable house is almost everyone's dream and I managed to make it happen with the profits generated from bitcoin this year by waiting for approximately 3 years with the DCA method consistently, but even then I didn't take everything, at least I still saved a number of bitcoins that I would always increase the amount every month and maintain that consistency until 2028.
What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?
It’s true that so far no coin was able to do whatever bitcoin has done in our world.
Bitcoin is the pinnacle of crypto and for a long time it will be. However I believe that it still depends on the person whether they want to invest in bitcoin only or want to invest in other coins as well. Yes bitcoin is the best but some people are looking for other features that bitcoin really does not have. Some would also argue that bitcoin is too expensive now.
I think as long as one is making the right choice then they can do anything or invest in anywhere they want.
Then another reason is the transaction fee is too high so because of all those factors we all went into investment.
You might hold only Bitcoin because it is the most established and secure cryptocurrency, has a limited supply that can act as a hedge against inflation, and is widely recognized and adopted
I think the reason why many are interested in holding BTC and maintaining it for the long term is not only because in my opinion there is a lot of great potential that BTC has in terms of technology. If the main set just wants to quickly double profits, I think that's a very basic idea, but let's look further into the future of what actually exists in BTC. That's just the totality of the name.
We all want to make money since the fiat is nit adding any additional value to us except from using it for payment and other things. Bitcoin has a value than us why more people are still going to invest because one can easily make money by buying and holding as much as possible. The crypto market is becoming diverse and more people are already making money from it that is what we should always take every single opportunity to invest when the price is low so that one can earn as fast as possible.
If I base my answer on the title made by OP, I will not allocate the majority of my capital to Bitcoin because my desired return on investment on my capital is more than 10x. As far as I can see, that won't happen with Bitcoin.
Because this bull run is only up to x5 times 6x, it can only reach bitcoin. But if I allocate the majority of my capital to my top altcoins, it is more than 10x possible if I experience a return on my capital, for sure. I am just telling the facts.
It is true that to get bigger profits, altcoins are an option, but this is indeed riskier, but by choosing the top altcoins, we can also reduce the risk, I think if you have large amounts of money, investing in bitcoin is quite profitable, However, if we want bigger profits then altcoin diversification would be better. it all comes back to personal decisions, after we know the characteristics of each, especially if we are good at analyzing, then choosing a particular altcoin can provide a 100x profitBecause this bull run is only up to x5 times 6x, it can only reach bitcoin. But if I allocate the majority of my capital to my top altcoins, it is more than 10x possible if I experience a return on my capital, for sure. I am just telling the facts.
Just as you said bigger profits come with a greater risks . I know making good profits is nice and exciting. But still that doesn't mean one should risk his money , because investing in Bitcoin has already ensure you that you're in the safe side, though alt literally bring more profit and that . But still Is better to make small profits than to lose your money In some worthless project, that may pump at first and then dump without any plan of bouncing back.
When comes to investing you have to reason the kind of risk you can flow with , but if you have strong risk tolerance and you still feel like investing in some alt , all I can say is invest wisely and don't compare the alt coin to Bitcoin.
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And people haven't lost all their wealth by investing so far
I get it and that's also the difference between investing in bitcoin and altcoins, and we should only hold bitcoin for the long term. 1BTC=1BTC, as long as we don't sell our bitcoins we won't lose anything because Bitcoin can be dumped but will always recover afterwards, while many altcoins after being dumped may never recover.
But to be able to do that, bitcoin needs the utilities and use cases I mentioned above. As long as the demand for bitcoin remains, the price of bitcoin will always recover and increase stronger when demand exceeds supply.
Other ALT coins are not at the same level as Bitcoin. Here we can clearly understand the difference. Every investor should plan to invest in Bitcoin as well as he can invest in other coins in the market with a small amount of money but it goes without saying that Bitcoin will always be the reliable investment platform.
If I base my answer on the title made by OP, I will not allocate the majority of my capital to Bitcoin because my desired return on investment on my capital is more than 10x. As far as I can see, that won't happen with Bitcoin.
Because this bull run is only up to x5 times 6x, it can only reach bitcoin. But if I allocate the majority of my capital to my top altcoins, it is more than 10x possible if I experience a return on my capital, for sure. I am just telling the facts.
It is true that to get bigger profits, altcoins are an option, but this is indeed riskier, but by choosing the top altcoins, we can also reduce the risk, I think if you have large amounts of money, investing in bitcoin is quite profitable, However, if we want bigger profits then altcoin diversification would be better. it all comes back to personal decisions, after we know the characteristics of each, especially if we are good at analyzing, then choosing a particular altcoin can provide a 100x profit Because this bull run is only up to x5 times 6x, it can only reach bitcoin. But if I allocate the majority of my capital to my top altcoins, it is more than 10x possible if I experience a return on my capital, for sure. I am just telling the facts.
I think the reason why many are interested in holding BTC and maintaining it for the long term is not only because in my opinion there is a lot of great potential that BTC has in terms of technology. If the main set just wants to quickly double profits, I think that's a very basic idea, but let's look further into the future of what actually exists in BTC. That's just the totality of the name.
If we are honest with ourselves, we know that isn't true, and that the majority of people getting interested in Bitcoin or other cryptocurrencies are only into them because of the potential profits they can get from them after making investments and they barely care about their technology or the properties and what they got to offer. Ask some random Bitcoin or cryptocurrency investors a few questions related to the technological benefits cryptocurrencies offer and they wouldn't be able to answer.
So, even though there can be a lot of people who are interested in cryptocurrencies because of what they offer and what services they can provide, most people wouldn't have anything to do with that and they are happy as long as they are getting profits and they will find another place if they seem to get no profit anymore.
If I base my answer on the title made by OP, I will not allocate the majority of my capital to Bitcoin because my desired return on investment on my capital is more than 10x. As far as I can see, that won't happen with Bitcoin.
Because this bull run is only up to x5 times 6x, it can only reach bitcoin. But if I allocate the majority of my capital to my top altcoins, it is more than 10x possible if I experience a return on my capital, for sure. I am just telling the facts.
Because this bull run is only up to x5 times 6x, it can only reach bitcoin. But if I allocate the majority of my capital to my top altcoins, it is more than 10x possible if I experience a return on my capital, for sure. I am just telling the facts.
From research and analysis, Bitcoin can give it's best performance only if one can hold especially for a longer time, taken this to those who where able to invest in Bitcoin at its earliest age for instance when Bitcoin was only maybe 15 to 20$ and was able to till date, it is a financial life changing opportunity, thou most people doubted it while others took advantage of it. The truth is that Bitcoin has shown to be a good coin and the best among others such that anyone can buy and hold in Order to have a substantial overall return over a long period of time.
Irrespective of the price of Bitcoin if one holds Bitcoin for a long time then he can definitely get profit. Another major reason for this is Bitcoin Halving. As the miner's reward is halved every halving, the circulation of Bitcoin decreases, which causes the price of Bitcoin to increase. Moreover, since Bitcoin is a highly volatile currency, those who try to hold Bitcoin for a short period of time are exposed to comparatively more risk. A long-term holder does not need to worry about the price of Bitcoin falling. Moreover, long-term investment returns are also higher.Well, it's true that BTC owners with long-term goals will definitely get bigger profits than those who invest short-term, even though BTC has experienced a decline, as we can see, BTC has risen again, so I don't think there's any need to panic too much because the Bitcoin cycle has been implemented and there we just wait for btc to reach a new high and we can sell or hold until the price of BTC is higher than the new high that has been reached now
Bitcoin making new all time highs is not enough reason why anyone has to sell his investment if the plan is to hold for long term, what should be be most considered before selling is how much of Bitcoin size you have and how long you were able to hold for that is what Will definitely put any one in a good substantial overall return of investment of an expected investment goal and objectives, however it is always advisable to only sell part of your Bitcoin investment and use it as it please you and not the whole of it while you have the peace of mind to grow back your asset.
You might hold only Bitcoin because it is the most established and secure cryptocurrency, has a limited supply that can act as a hedge against inflation, and is widely recognized and adopted
I think the reason why many are interested in holding BTC and maintaining it for the long term is not only because in my opinion there is a lot of great potential that BTC has in terms of technology. If the main set just wants to quickly double profits, I think that's a very basic idea, but let's look further into the future of what actually exists in BTC. That's just the totality of the name.
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