I heard about Bitcoin and ethereum around the same time. Bitcoin was I believe around $15k and ETH was below $200. I couldn't afford to buy 1btc so I didn't buy any and I didn't buy ethereum because I believed Bitcoin was the only genuine crypto currency to buy. But since my discovery of this forum I have found members who believe different. Looking back I see I have lost on both fronts and wasted an opportunity. So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?
Diversification works in crypto during a bull market because altcoins pump harder than bitcoin, but in a bear market you are better off just loading up on BTC because for the same reasons altcoins drop harder than bitcoin. So before you decide to buy other coins, you have to research if we are currently in a bull or bear market.