After I started my Bitcoin holding journey a few months ago,
At that time, my close friend Sam! also have some capital he want to put away in cryptocurrency, and I advised him to buy Bitcoin instead of an altcoin. But instead of him to have a long-term potential mentality, he was looking for a quick profit so he filled up his portfolio with shitcoin, while I went in on a single portfolio of Bitcoin and when the unexpected of FTX hack happen the whole market in shamble and his altcoin portfolio have dropped above %800+ but my bitcoin holding still maintains some level of stability.
This gives me more confidence in Bitcoin and newbie who are looking for long-term holding should hold more bitcoin, in their private wallet to avoid exchange, but your knowledge to always have a good entry price.
Most of the beginners entering the crypto world just want to get rich quick with the assumption of buying shitcoin with faster profits and thinking if they can get 1000x profits in a short time without thinking about a bigger risk compared to bitcoin.
Such mistakes often occur in beginners who have instant thoughts. there are lots of beginners who are in crypto and start investing and have thoughts and hopes like last year some shitcoin pumps were very high but all of that didn't match their thoughts and they actually lost very big on shitcoin.
but I congratulate you it seems you are a beginner who may understand the opportunities in bitcoin for the future and have a very smart mind in the investment field do some research before starting to invest in crypto and in the end you prefer to invest in the right coin, namely bitcoin.