Quote from: Miles2006 on Today at 12:43:07 AM

Quote from: barisbilgili on July 25, 2024, 05:22:59 AM

Quote from: letteredhub on July 24, 2024, 10:14:26 PM

I think 99% of discussion about crypto investment in this thread is about bitcoin as the best cryptocurrency to invest on. Any newbie that is wise enough would be able to make the good choice of choosing bitcoin after reading all that have been elaborated on this thread. Seeing how some users come here to talk and want to paint altcoins in a way that it should look attractive is very laughable because altcoins has no long time plan investment lifespan, they are known for pump and dump, rug pulls, and exit scam etc that's why people won't stop losing money with them.

The lower risk percentage makes Bitcoin a good choice for long-term investment. It cannot be denied that everyone who understands this will of course choose Bitcoin.
However, that doesn't mean that Altcoins are a bad choice, there are times when Altcoins can produce much bigger profits, but again, as I said earlier, everything depends on the risk and what you need to know is that every possible profit will be worth it with all the risks involved faced.

There’s no risk free investment as a matter of fact every investment has a risk attach but, the point I still don’t understand is the fact bitcoin and altcoins are being compared. People will always make their choice regardless of viewers opinion. If we should start comparing profit and gains between altcoins and bitcoin in this thread which I think it not proper, for the fact there’s no guarantee future about altcoins makes it more risky for example anyone can decide to choose any random coin and start investing without knowing the possible profit and then the coin just decides to dump just imagine being in that shoe. The fact bitcoin investment is a long term investment sounds good more like an asset you take years and time to build and expect your profit.

They don't have to compare Bitcoin and altcoin because that have different ways. If Bitcoin can be a long term investment, altcoin can be a short term and middle term investment. But they will determines by themselves and no use to tells them that Bitcoin will be the best investment for us because they will have their own opinion.

The important thing that we must tell to them are every investment will have its own risks. We must be careful to decide which investment type we want to choose. That is why we must learn about the risks and many things so we understand how to pick the right investment for us.

For many people here, Bitcoin will be the best investment and altcoin could be additional investment for us. And with the current situation, we can buy more Bitcoin and still hold it for some time because the market still unpredicted and needs to cautious to act. We must know when is the right time to buy and sell so we can adapt to the current situation and not panic.