Post
Topic
Board Speculation (Altcoins)
Re: If I have 1BTC So how did I use to invest in different Coins
by
Dunamisx
on 06/11/2023, 15:52:51 UTC
Having 1BTC out of the whole 21 million coins is the dream of every cryptocurrency investor, so why plan investing in different coins when you can just hold a signed coin that outshines every other cryptocurrency in the market?
that is a complete question that I wanna put here , OP seems to be looking for problem than investing.
If he's looking for problem instead of investment in cryptocurrency then this market is not for him since the next few months market will be determine by Bitcoin market trends.

Having 1BTC out of the whole 21 million coins is the dream of every cryptocurrency investor, so why plan investing in different coins when you can just hold a signed coin that outshines every other cryptocurrency in the market?

True talk, one does not need to have upto that 1btc befo he could make an investment, bitcoin is just an opportunity giver for those that realized it importance, relevance and advantages over every other cryptocurrencies, if we are not being too greedy or impatient, them we will realized the reason why we must hold onto bitcoin for our investment and not altcoins, even if we are to invest on altcoins, it must be minimal and we must consider the risk.
Meanwhile, impatient and greed of altcoin investment when not having the needed knowledge for portfolio management and choosing the right altcoins is one of the reasons most newbies make losses.
This is the reason why I suggested going for BTC alone as the best for OP.

I don't know maybe it's the people that advise them on such or they are just willing of taking decisions on their own self, how will someone come up with an idea or a conclusion of selling bitcoin for altcoins, this is just a simple explanation of someone driving on the road and leaving his lane to enter the bush willingly, I don't know which should be more preferred here, but the deception with altcoins is their quick means of making money, but people aren't giving focus on the rate of risk involved.