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?
First, how long does the coin last in the market. Second, the benefits of the coin.
I think, to buy coins, Bitcoin is enough to be the main choice in the crypto space. If you can't afford it because of expensive reasons, I think you can buy it according to the current financial capabilities available. Coins other than BTC in my opinion are also worth buying like ETH and BNB.
What do you mean by saying if you can't afford it? You can also buy fractions of a Bitcoin, that is no problem at all. By now more and more people start calculating in fractions like mBTC anyway because Bitcoin is way too expensive to calculate things in whole Bitcoins. That was also the intention Nakamoto had in mind when he allowed for a pretty big divisibility of Bitcoin. Other coins can make sense if they complement your portfolio somehow. I don't think it makes much sense to hold Bitcoin + Litecoin because they are very similar except for some minor parameters that have been changed.