And I think there is hardly anything better than bitcoin for a beginner. Because you need to start with something. It is obvious that work is needed, as the author writes, because without a good portfolio with a deposit of several thousand dollars, it is difficult to receive passive income from cryptocurrencies. Nevertheless, in fact, all beginners start the same way. They buy bitcoin and hold it, looking at the price every hour. I'm sure everyone will understand me, because we were the same. I don't write about altclines because there is a lot of scam right now. And before, when I was young, everyone knew which altcoins would be profitable. Decred, EOS, Lisk - every serious coin with a big name over time made you richer.
Yes, it's not just beginners who like to look at the price of bitcoin every few minutes.
That's right, beginners are definitely the most likely to succeed with bitcoin. I do not argue that there are experienced investors who are able to make a portfolio of altcoins, which in the long term is able to overtake a portfolio of bitcoin. But firstly, there really aren’t many such people, and secondly, how much can a portfolio of altcoins outperform a portfolio of bitcoins, how significant can this difference be?
So yes, for a beginner, Bitcoin will definitely be the best start in his investment. And then it will be necessary to work on increasing investments, since buying several thousand dollars worth of bitcoin will really not bring tangible results.
I even feel a little sorry for modern newcomers coming to the crypt, as they do not see the crazy bull market of growing altcoins that we saw in about 2019. I mean IСO, when literally wherever you invest money, you will succeed everywhere, the only question was how much the investment will grow. Back then, benches were not a frequent occurrence. And on the other hand, now there are other possibilities in everything, even if the time of multiaccounts has passed rapidly, nevertheless it was also a way of earning money.
Therefore, as I stated earlier, the best thing for beginners is to keep bitcoin on the wallet and wait. And it's even better to have some money in fiat so that you can buy the number one cryptocurrency if the bitcoin exchange rate drops.