As we have a halving year ahead, Bitcoin will be the best investment. Moreover, the best currency to hold Bitcoin is the most profitable in Bitcoin compared to all other altcoins. Most of them turn out to be scams but Bitcoin will never be a scam and it is the most profitable and risk free. Risky investment is altcoin which can lose you money, but if you invest in bitcoin it will give you profit. However Bitcoin is best for long term investment, but altcoin investment is always risky so it is best and wise to invest in Bitcoin for next bull season.
Bitcoin is considered the best investment in the market because it is quite a safe investment and brings significant profits. But saying that bitcoin is the most profitable and risk-free investment is an exaggeration and a lie. No investment offers high returns without risk, we are bitcoin investors but we need to be realistic. There is no need to lie to deceive others nor does it make bitcoin better. I was once considered a fraud for saying that bitcoin is risk-free and profitable when giving advice to a person. That's unnecessary exaggeration.
Absolutely agree! Bitcoin has been off the charts for some investors. Crazy returns compared to regular stocks and all that. But at the end of the day, nothing is risk-free when it comes to money. And Bitcoin is notorious for being unpredictable and
the thing is, you gotta look at Bitcoin, or any investment really knowing that it could make you bank or lose you cash. I mean, I put a couple hundred in crypto last year and yeah, I made good money. But a buddy of mine got burned when prices crashed. He was disappointed and sold at a loss, although I advised him not to do so.
So, my point; If you're smart and cautious with crypto you might make out like a bandit. But you could also lose your shirt if you aren't careful. At least that's my take.
Consider bitcoin as a component of a diversified portfolio. As they say, dont lay all your eggs in one basket. Distribute your money among several assets (altcoin, gold and stock too). This reduces your overall risk in the event that Bitcoin fails.
Think long-term as well. The cryptocurrency market is new, erratic, and volatile. It takes more than just timing the market to succeed; it takes time. It might be more fruitful to endure the ups and downs rather than attempting to ride the high wave. Recall that in the realm of investments, persistence frequently yields greater returns than hasty profits. Your friend's passing serves as a warning: panic selling frequently results in regrets. Remain composed and avoid letting the hype surrounding cryptocurrencies influence your decisions.