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I recently made some money through Amazon Kindle Direct Publishing, and I'm considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.

What replacement coins would you recommend?

Apart from btc, the other altcoin I will chose for him to buy is the etherium. Because etherium is alway at the back of Bitcoin that men no desire.

Yeah for long term holdings it's best to go with bitcoin first. Bitcoin is strong currency and gives good rewards. Also the price of bitcoin is very high so buying BNB and Eth with less capital will increase their value at the right time.

Bitcoin price increases the most so Bitcoin is suitable to invest in, I will definitely recommend any investor to invest in Bitcoin. But if you invest in Altcoin then I will never tell you about investment. Because investing in Altcoins is definitely high risk. Altcoins are never compared to Bitcoin.

but they can both invest Bitcoin and altcoin that we called diversification\

Quote from: Zanab247 on March 22, 2024, 03:16:32 PM

If you are going into long term hodling, I will advise you to make BTC your choice because it always bring huge amount of profits at the end but if you are going into short term hodling, I will advise you to make altcoins your choice because it will allow you to earn little profits from your hodling.

Ethereum is also good for long term mate but it is altcoin , this means one thing that we need to only trust what coin to put our investments and if its long term and short term.

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Since the capital you are budgeting for the investment is not too big, you can invest it on BTC only since BTC still remain the king among other cryptocurrencies and it will help you to make double profits from your investment, if you can wait for the bull run to occur before you can sell.

this kind of question sometimes depending in the target and the belief of the investor because they can buy bitcoin for long term , or they can invest in altcoins those who are super cheap but has huge potential like AI projects.