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.....However, I will not agree with you on the aspect that Bitcoin is not the only asset to invest in unless you add more clarifications to that statement because it is sounding as if you are supporting the idea of investing in shitcoins. There are other assets like you said but they are generally shitcoins that have so much risks attached to them. If we allow the idea that there are other assets to thrive, then it could be a motivation for people to start looking for other alternatives and this will make them end up investing in shitcoins and at the end lose their money. Bitcoin is just enough for anyone willing to invest for the future, so our efforts should be on how to buy and hold Bitcoin and nothing else.
I would suggest that newbies do not waste time, energy and/or money on shitcoins, and that they try to figure out and prioritize bitcoin first, including that if they are not able to help themselves in regards to looking into shitcoins, then they should not invest any more than 10% of their time, energy and/or value into shitcoins as compared to how much they are investing into bitcoin.
Even old investors might still run into problems if they get too comfortable with investing in shitcoins. You will agree with me that there this confidence that subtly creeps in when someone do something and succeed once or twice. With shitcoins, it could be a trap for even experienced investors who may end up with the illusion that shitcoins is where the money is even though some later end up getting poorer with time as they continue to jump from one shitcoin to the other. If you are active in some of the social media, you will see some self acclaimed experts who knows the shitcoins that will pump and bla bla bla, those are not newbies but old investors who are just toeing the wrong path. My point is that both newbies and old investors should focus more on Bitcoin because overtime Bitcoin will actually make one richer and more comfortable and the risk of loosing ones money is very small with Bitcoin, if not completely absent.
Those who invest in Shitcoin, whether new or old, have a lot of greed. It doesn't matter whether the holder is new or old, the point is that if we target Bitcoin, which coin we are targeting, then our goal will be successful. And if we invest in Shitcoins with the aim of making more profit, then we can lose all our money, you can be sure that investors in Shitcoin can never be successful.
But those who have invested in Bitcoin, whether it is a small amount or a large amount, if the investment is long-term, then their success will be guaranteed, because Bitcoin is the only trusted coin. If you invest in Bitcoin, no matter how much money you invest, you can be successful and earn more benefits.
Yes, most people are greedy, and they go to invest in Shitcoin to make a quick profit, but most people lose their money there, very few people can make a big profit from Shitcoin. There is a lot of difference between investing in Sheetcoin and Bitcoin, you will never lose your money if you invest in Bitcoin, but unlike Shitcoin, you will have to lose money.
You will never lose money by investing in Bitcoin, but if you can hold it for a long time, you will get a good amount of profit from it. It is possible to achieve success by investing in Bitcoin, but many times in the market crash, many people lose a lot of their money from Bitcoin. In that case,
I think that if you want to invest in Bitcoin, you must analyze the market first and plan to invest in it for a long time.Talking about the bold words in your statement, I think that this has already been overemphasize already, you don't need to analyze the market before making a purchase of Bitcoin, especially when you are a low coiner, or you are seriously lagging behind in your accumulation journey, it's a terrible mistake analyzing the market before buying because you can't outsmart the market, analysing the market are for traders not investors like us, because as Investors that we are, we are only looking at the bigger picture which is holding for a very long period of time and how much it might get up to in the future, so is their any point analysing the market when it's still very cheap now comparing to how much it might get up to in the future?
Don't you know that by analysing and waiting for the price to drop before making a purchase you might miss a whole lot of buying opportunities, So the best thing to do is to buy and increase your stash as much as possible once your discretionary income is available, because their is no better time to invest in Bitcoin than now, not tomorrow or next tomorrow.