... Bitcoin is much less risky than other cryptocurrencies. Moreover, a lot of first-time investors who begin with cryptocurrencies have a very limited perception of risk ...
Yes, bitcoin is the most suitable for first time investors than another altcoin, and the reason you already know it in your underline sentences.
So if you are the first time investor,
- first you should study how to allocate your assets based on your risk tolerance. Set a stop-loss level to avoid financial collapses. A stop-loss is the level of loss where the trade will get closed.
- second, use your only second capital, not your main capital, because in any investment there always have a risk, and if you loss you still can continue your life.
- third, and maybe the most important,, always study and follow the news about bitcoin it self. because knowledge is very important, like proverb you cannot buying a cat in a sack. or buying without knowing.
Hope this can help you, good luck.