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.
It will be beneficial to see more people investing in the cryptocurrency sector, particularly in bitcoin. Nobody who is aware of the cryptocurrency market and the impending bull run would want to miss the upcoming chance.
I want to use this opportunity to warn newbies not to be deceived by the idea of becoming wealthy quickly by investing a sizable sum of money that they cannot afford to lose in the cryptocurrency industry. They should be aware that no any crypto advisor will advise anyone to invest their entire life savings in any project that it will do 10x, since nobody can predict the future of crypto industry, and with that anyone who claim so, is a lier.
The cryptocurrency sector is not a place where someone can get rich quickly, and having that kind of mindset could cause someone to invest in a project that is not up to par for a person to invest in.Many new projects will launch during a bull run, but many of them will turn out to be scams but at beginning with hype by crypto influencers it will look pretty good to invested in. If you're eager to succeed quickly, you risk being blind and investing in a scam project.
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.
As a beginner, don't be overly eager to invest in any project without conducting your own thorough research.
As you stated, the best advice you can provide for beginner is to invest just in Bitcoin.Some alternative currencies are not harmful to invest in, but the issue is that beginners could be lack the good knowledge to properly study a cryptocurrency before investing. As a result, I agree with the advise given to beginners to adhere to only Bitcoin.