Quote from: Twinkledoe on January 06, 2021, 11:57:56 PM

Quote from: blockman on January 06, 2021, 11:53:48 PM

Quote from: Mrsonutiten on January 06, 2021, 12:44:00 PM

My thought we are in bull market just forget new experimental coin smashing up 50x -100x in dex and next week rekt , so old is gold avoid fomo buy old coin 👌👌

And bitcoin is the oldest coin in the crypto market that everyone can assure, newbies or not. But you can't stop those people looking for those newest coins which they think will give them a big profit in the short term. Bitcoin's the best for long-term investments and this is all for the patient investors that can deal with risks and bears. It's tested crypto that no coin can be par and that's why the market cap of it is just increasing and institutions are buying it.

There are people who are into these new alts, because they can gain profit in a very short period of time particularly those pump and dump coins. However, not many people are lucky to spot those kind of coins and normally, you are already too late to see that opportunity. But if you want an assurance that your portfolio will not go down the drain, better stick to bitcoin or eth.

Yes, there are and they're more confident doing that than to stick to bitcoin. But the risk that they're taking is much higher than choosing bitcoin as their main option. The safest is to pick bitcoin first and then to diversify, Eth will come next, and so on. It's the best strategy to have a crypto portfolio especially for newbies that are starting out. They will get a better chance of survival in the market if they choose to have bitcoin first rather than hearing an altcoin investor that suggests unknown and uncommon alt.