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.
When it comes to earnings in the crypto sector right now, even bitcoin cannot compete with altcoins' performance, they are quite good at producing nice ROI, but their drawbacks might make you hate the crypto market. Bitcoin, on the other hand, is quite safe, it has a high return but not as high as altcoins, but it does not crash as frequently as altcoins do, and it is less volatile since bitcoin is more decentralized than altcoins. Only with altcoin projects will you see a token/coin concentrated in the hands of teams and groups of people who may crash the price as they see fit, which does not happen with bitcoin.