Quote from: obuoma on Today at 02:59:42 PM

Quote from: Nothingtodo on February 21, 2025, 11:22:28 PM

Quote from: FortuneFollower on February 21, 2025, 10:30:16 AM

We may be inclined to think about other coins, but in the end, BTC would be the main coin to hodl and watch for.
Simply due to the value and acknowledgment BTC gains now because of the ideas it upholds.

If you are considered other than Bitcoin, you can get a profit from that coin after a certain time after investing. But if you are holding a bitcoin, then you will benefit from that Bitcoin in the future. According to Bitcoin's popularity and acknowledgement, its value is gradually increasing in the future, which is reduced instead of increasing in other coins.

Sometimes looking for another coin to buy and make profit so that it will help you to accumulate more bitcoin is not really a good ideas to me. What of if you end up making loss of course this will bring setback on your bitcoin accumulation. I will say that if you already have the fund just focus on bitcoin and accumulate the little you can accumulate. If you are accumulating consistently either by using DCA method with time you will achieve your target.

Makes lots of sense, diversifying at the early stages of an investors journey is not a good idea, that money used to channel into other digital currency for more profits should be invested into Bitcoin rather, the risk of investing into other coin especially shitcoins is very high so an investors target should be building their portfolio and accumulating much Bitcoins as possible without using the wrong process to boost their portfolio, that's why there's the DCA but some people overlook that method, if only they know how effective it is towards building one's portfolio then they won't consider diversifying into other digital currencies or trading to get more capital to use in accumulating Bitcoin. Someone can only choose to diversify into other digital currencies if they've accumulated enough Bitcoin othertime and feel the need to try out others but it's not advisable and should be done with caution, the last thing an investor would want to do is convert their Bitcoin to shit cause the particular shitcoin is experiencing a surge, you can use a spare cash for that but not the Bitcoin in your portfolio.