As a newbie in the crypto environment, with a keen interest in making a profitable investment in crypto, where would you best advice me to invest in 2022. Will an investment in bitcoin now still be profitable to me or investing in other coins is what you best advice? I understand that people are sometimes reserved as per not wanting to give financial advice to avoid being blamed if it goes wrong, but I will try to go through all the responses I can get and highlight the answers that are repeated for consideration.
i advise you to invest in bitcoin and in precious metals or gold,
because these two assets are always superior and most stable.
if you invest in other cryptocurrencies, that is also possible, but the risk is very high, so invest in the best crypto/bitcoins.
as well as gold, the price of gold from the past until now continues to increase, although no one knows how much the supply is, but the price of gold continues to soar, why is that?
because gold has many uses, for example as jewelry and in mobile phones or computers use gold too, because of that the price of gold continues to rise even though its supply is unknown.
Precious metals or gold is good investment, but for ease of tradability and possibility of huge profit margin within a short duration and a least steady margin of market crash, I would opt for Bitcoin anytime.
It is also wise to try out other crypto if you are more into the whole crypto big time. That way, one understands the market better and can know with an unavoidable experience of loss, which is more profitable over which and stick to them. Thats how master traders are made. Just be interested by deciding first if to give it full time or per time.