Quote from: Kingbtc2 on January 12, 2024, 07:22:26 AM

Quote from: DeathAngel on December 01, 2023, 11:58:08 AM

If you ask me I will say only buy Bitcoin but I see why latecomers are attracted elsewhere, there are other cryptocurrencies with unique features & potential for large growth. Diversification is key for some people, It is advisable to research & understand the potential of different cryptocurrencies considering factors such as technology, adoption & market trends. Each cryptocurrency offers different opportunities & risks so a balanced investment strategy that includes a mix of cryptocurrencies may be more beneficial for some in the long run.

For newcomers like me into the cryptocurrency market it is good to invest in Bitcoin first because it is the most reputable and trusted among all of the rest because it is the most used and invested crypto coin. It is decentralized and over the years it has been tested and has proven to be truly the best and safest option for crypto investment. The approved Bitcoin ETF is another reason why many newbies should trust that it will be more profitable now and in the future. Newcomers should carry out proper research before buying altcoins because they are far more risky than Bitcoin in investment, that is why only Bitcoin is advisable and my preferred choice for now.

We are all here to make a profit. How many of you made investments in Bitcoin only because you love the technology or the project? Our final goal is to make money out of our investment so it doesn't matter its bitcoin or some shitty altcoin as long as you are making money out of it. Our investment strategy differ because of our risk tolerance. Some people follow investment strategy like all or nothing so they will not go for bitcoin as they are risking everything for getting higher rewards.