If a person is attracted to altcoins when they want to learn about Bitcoin, I would say they are going in the wrong direction from the start. If you want to focus on Bitcoin, what other coins are there? I don't think there is anything to learn from altcoins. We can consider altcoins as gambling tokens. Although some tokens may give good profit but they have no reliability in long term. Even being a top altcoin can turn into a scam in the long run as there are many examples in the crypto space. While there are various alternatives to altcoins in the crypto market, there is no alternative to Bitcoin. While no guarantee can be given to an investor in the short term, Bitcoin can guarantee guaranteed profits in the long term. Investors who are aware of their investments should definitely plan their plans with Bitcoin.
Newbies should be careful especially with new coins. I think everyone new or old should avoid this Altcoin gamble. Because, even though the new Altcoins are often highly profitable, they are very risky to invest in both long-term and short-term. Sometimes Altcoin investing will burn you out. From this point of view, Bitcoin can be said to be very trustworthy. Bitcoin is the leading crypto asset. It has been rewarding people's trust for many years. It is very easy to profit from long-term investment from Bitcoin. If one is tempted to invest in other cryptos outside of Bitcoin, one should do so at one's own risk, no one in this sector will give you positive advice.
Much better for them to erase any thoughts of investing on new coins since they are just wasting their time,effort and money there.
Would be more ideal for those people is to spend time learning about bitcoin investment like hodling since more realistic gains provably would came up to them. Spend their time on discussions which could able to help them to learn about other useful matters also they could able to learn about strategies which they could able to use to make their accumulation became more better. Actually earning for long term is not easy knowing market conditions could give stress to some investors. But if they are consistent following good discussions and try to execute well their strategy learned then provably that they can generate good profits for their hodling decisions with bitcoin.
I have been confronted by few people who still claims investing in Bitcoin is a total waste of resources, not because they think about funds getting lost, stolen or total price drop but only for them comparing on how much the would have made if the funds could be diverted into separate Altcoins. Many claims even with the risk factor in these Altcoins that having them in different cryptos would guarantee their chances of getting that huge ptofits, with the motives of if one should fail then as many they could put there funds into will serve as a backup.
My whole point is that most persons are currently too in a haste to make as much profits within a limited time, which has dragged more of their attentions into Altcoins that is applicable to cause more harm than good and I feel they should be left with whatever they feel is right till the results is out.
Let them think about that since maybe they didn't experience yet a huge defeat on their investment made with those altcoins that's why they criticize you for now. But once they lose all their money with those alts then provably they would remember those people say that investment on altcoins is just a waste money and time for them. If they just invest it on bitcoin and accumulate for many years they could just earn a lot more compare to the losses they get.
Realization comes late and if they are hard headed and criticize you for giving such good word or advise then let them learn a lesson on hard way that he could remember his mistake for all things he do. They are just overwhelmed with the hype brought up with other people short gained result but for sure they would able to realize that altcoin investment is not really sustainable.
It isn't just learning the hard way, it would have been more better to learn from other people mistakes but perhaps it is always advisable for anyone who can not resist the urge of getting involved with other coins other than Bitcoin not to do more than 10 % size of your Bitcoin in to other coins, so as to give your Bitcoin investment all the necessary attention needed as regards to ensuring working towards achieving a successful Bitcoin investment which should be the motivation for every investor with a proper planning. Alot of people are just being skeptical about understanding the Bitcoin as the chief executive coin of other coins hence procrastinates given Bitcoin the respect that they are ought to.
The reason why people are still investing in shitcoins instead of Bitcoin is because they feel shitcoins are more fast in growth than Bitcoin and they have may be seen one or two people that has made money from some shitcoins, I no of a guy who made huge profit by investing in a shitcoin and was very lucky in withdraw fast, after that one success he tried other coins which failed him, the last time I saw him he was advising me not to engage in shitcoins.
Shitcoins are not worth investing your money in is better you invest in Bitcoin and be patient and you will never regret it and I will encourage people not to invest any percent at all in shitcoins channel that money to Bitcoin.
One factor that makes people lose our is
lack of patience and greed if we can have patience and remove greed when it comes to investment will be successed.
Sometimes we can consider all different thought and opinions concerning shitcoins as greed but the funny part is any investor can avoid lose and agreed by controlling their emotions etc. Any reason or excuse associated with making fast profit when choosing shitcoins is a lie as I don’t believe such stories, anyone can bring a false testimony concerning profit when choosing shitcoin but just to lure others and definitely they end up with lose. In terms of growth maybe there’s a misunderstanding because when it comes to growth the first everyone will think is bitcoin secondly altcoins might just rise and dumb but don’t have the ability to rise again compared to bitcoin.
Yes you are right, people investing in shitcoins have there reasons why they choose to invest on it, one of the reasons I have mentioned, now about the growth believe is true they believe Bitcoin is slow in growth and some also believe Bitcoin will not grow more than this.
Now the reason they believe feel or reason this way is because they really do not understand what Bitcoin is, they don't have the knowledge about Bitcoin they feel is just like other cryptocurrency, some people even feel those shitcoins they are investing into will one day grow in price more than Bitcoin.
But I will advise before going into shitcoins please ask people that has gone into it and stopped they will be the ones to tell you the real truth about it, ask like 6 people and from there you can make your decision or no that truly shitcoins should be avoided totally.