I've noticed that a lot of people are entering the cryptocurrency sector to invest in one or two projects because they've heard that bull run is on away coming and that have many people have plans to invest a sizable sum of money in some way to ensure they don't miss the opportunities.
Tossing caution to the wind and investing in one or two projects without a strong foundation or community because of the expected bull run, which is predicted will offer potential for huge gains, would certainly result in loss and pain.
In fact, I would advise newbies to stay away from altcoins and only invest in Bitcoin in order to be on the safe side of the game, as there will be many shitcoins that will not recover after this bear market.
Although bitcoin is not immune to market swings, we strongly believe in it and advise beginners to buy in it rather than altcoins because it has withstood the test of time, multiple FUDs, backlash, and market crashes. It is still here and still rising.
Bitcoin is the only crypto coin who has survived more than a decade and obviously, that’s what made it more reputable and reliable compared to majority of altcoins that are eventually losing their value after a year or two of existence. So if you want to take the risk when investing, just stick to bitcoin and never be tempted to trust altcoins especially with their too good to be true promised goals. Altcoins may be profitable at first but it’s only bitcoin who will give you consistent profits throughout the years.