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?
If you are planning to buy Bitcoin with your $800 then your plan is correct. But later if you earn more you can invest altcoin with that earnings. Bitcoin is the best investment coin. By investing in Bitcoin you can always be worry free. But always remember to stay away from buying shitcoin because shitcoin can die anytime.
It's a risk-reward ratio that changes our decision-making on different coins, you are totally right.
Making BTC a big part of your portfolio is a great start, but afterward - you are free to do whatever you want. You are in charge from the start, really, but accumulating some BTC will make you a pillow of safety for the time to come, sorta.