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?
The best option for you to apply in investing in crypto is Bitcoin, there are many procedures that we must pay attention to when starting to invest in the crypto space, the risk of losing money is a big problem that we must minimize. But what needs to be understood, there is no form of investment, business and stocks that does not involve risk.
Bitcoin has given us many reasons to choose, it is resistant to recession and inflation that runs when the world's economic conditions are turbulent, it's just that many people don't have the patience to invest in bitcoin, so that when bitcoin declines, they try to cut losses by sell it, even though the condition of the decline will not last forever in the market, so waiting is the most appropriate way to avoid the risk of losing money.
For this reason, I think bitcoin is more trustworthy than any other coin out there. Bitcoin is also able to maintain value in the long term, so making long-term investment periods is still quite profitable for anyone.
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.
Everyone has speculations and many people also have an understanding of what investment choices to make, but in many cases bitcoin has created a level of balance, maintains value and is able to formulate the stages of investment that we want to make, this belief is a step for people to continue investing, because in the end the goal of investing is about the profit we get, in this case bitcoin has given birth to many sources that we can trust.
In the end, any decision will involve knowledge of how you started, and you are the person most responsible for the investment, so you need to understand before you decide to choose.