Post
Topic
Board Altcoin Discussion
Re: Which is currently the best crypto to invest in?
by
Raflesia
on 19/08/2023, 21:46:13 UTC
I have been a crypto enthusiast for some time now,thou I have lacked consistentency,but over the years I have seen people who have carved out good lives for themselves with crypto,either by direct or indirect investment.,as a result I wish to invest in crypto with cash,but with minimal knowledge,so I seek the help of this house in advise on which crypto to invest in currently as someone who is just getting to learn about crypto currency.

Easy answer you always pick bitcoin first.  Then dive into other stuff.  If you watch the markets over the last cycles they are all driven by bitcoin increasing in price.  You always want to buy the thing that drives markets not the followers.  There is value in some altcoins but it's too risky if you don't have bitcoin yet.
Even if you are prepared for the potential for bigger losses and faster losses because in the end even though you are at alt, even though the profits are bigger, the losses will be bigger than imagined.
bitcoin is always the first choice, it's very good indeed, as for altcoins, if you really don't want to take a bigger risk, then why be there because in the end, bitcoin can really provide returns that are more likely to occur if the comparison is altcoins.
For some beginners, sometimes they always want things that are more instantaneous and high profits but are not too aware of the risks they will face, so referring to this, if you really want to be safer and more comfortable apart from bitcoin, the main thing would be even better if bitcoin is the only option before we really understand the schemes and strategies that must be done for altcoins.