Quote from: Patrol69 on November 25, 2023, 09:58:03 AM

Quote from: Fara Chan on November 25, 2023, 08:00:45 AM

Quote from: Roseline492 on November 25, 2023, 12:35:57 AM

Yeah actually let me try if I can answer your question, so however first you need to understand the word diversification it means expanding or enlarging your investment to some other things, but however chosen altcoins to invest could also be known as diversification because irrespective of there general name which is crytocurrency but they have different sub names, but however I would not advised you to invest on altcoins as a diversification because they are not worth it.

If you are looking for were to diversify some of your investment, altcoins shouldn't be an option or perhaps you could just stick to only on Bitcoin.

The expanded understanding of investment that you say sounds quite good and also very profitable, but because the direction of the advice can also be related to altcoins, I would prefer to use altcoins to trade in the short term or daily because the profits I can get from altcoins can also I converted it to Bitcoin so that my number of Bitcoins can continue to increase because my focus is actually only Bitcoin, not altcoins whose potential is very uncertain at various moments.

We often plan but things don't go according to plan. Turns out we planned one thing and something different happened to us. It sounds great that buying alt coins and selling them at a higher price means you're investing in Bitcoin, but it might be the opposite of what you think. Suppose you buy ALT Coins in short term plan and after purchase you lose much more than you expected instead of profit but you cannot sell ALT Coins at loss and also you cannot invest Bitcoin. I think we should invest in Bitcoin directly without thinking so much. The profit you think you made with ALT Coins you make directly with Bitcoin and it will be safe for you. I don't think it is safe at all to buy ALT coins in hopes of making some profit. Bitcoin is the most reliable digital currency so trust Bitcoin, buy Bitcoin, hold that Bitcoin deep and you are worry free. Since there is no fixed investment level, you can increase your investment anytime you want, so buying Bitcoin will be a good decision for you.

Quote from: Fara Chan on November 25, 2023, 08:00:45 AM

This has been very clear for a long time, mate, there are even thousands of altcoins that have died and disappeared from the market, so this has made Bitcoin a very clear investment direction and also very profitable because it will not experience bad things like what happened to you. There are many altcoins and other shitcoins in the market.

If we are in a dilemma about which coin to invest in, whether it's thinking about investing, thinking about Bitcoin, thinking about ALT coins, then we have to understand that we have very little idea about everything. It is easy to decide where to invest even for those who have minimal understanding of the market. If there was only one option to invest that must be to invest in ALT coin then it is a different matter but where there are options to invest in Bitcoin it is definitely foolish to think of investing in other coins in the market. If you have love for your money and don't want to lose your money, you must invest in Bitcoin and if you expect something good from the investment, you must keep the investment for a long time.

Quote from: Fara Chan on November 25, 2023, 08:00:45 AM

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You can never survive investing with Altcoins. Altcoins are not long-term holdings because the altcoin market is always bearish. Investing in Altcoins always has a high chance of losing 100% of your wealth. Among them are coins like FTX, Luna and many others that have completely disappeared from the market. And the wealth of thousands of people has turned into zero balance. So it is better to stay away from Altcoin investment.

That's true and sometimes some people only use altcoins to increase the amount of Bitcoin they have in their wallet because some people are already happy with Bitcoin and are also happy with Bitcoin investments. Then the profits from other things from the crypto market will be turned back into Bitcoin so that the amount of investment will also increase over time, so we also have to have ways to utilize less useful things like altcoins in order to increase the actual goals we want.

There are many ways to make your bitcoin investment rich, where there are many ways to make your investment rich why should we invest in ALT coins to ensure maximum risk of our money. Investing in ALT coins where there is doubt about getting a return on that investment how do you expect to invest in Bitcoin with a portion of the profit you get from that investment. Make investing easy without looking so hard Investing in Bitcoin for the long term makes it so easy that you don't need to look at investing so hard. If you plan to hold Bitcoin for a long time, you can buy Bitcoins with any amount of money at any time in the market because there is always an opportunity to increase the amount of investment.

Altcoins are always risky especially for long-term investments. Because in my opinion FTX, Luna Coin etc. have completely disappeared from the market, this is the biggest proof that AltCoin is definitely a risky investment.

Investing in Bitcoin allows you to invest freely because the investment depends on you. It is best to hold the amount of money you buy Bitcoin for a long time. Investing in Bitcoin will reduce your risk because it is a trusted coin, which has been in the market for a long time and its high momentum attracts investors the most.