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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.
Success in Bitcoin is not guaranteed and the reason why we are advised that when we invest, it should be from our discretionary income because Bitcoin is not risk free so you shouldn't sound like it is risk free so will not end up misleading people in to thinking that Bitcoin is risk free with your expression we are only encouraging ourselves to put in good investment practices and not to say that success in Bitcoin investment is guaranteed, even though the risk can not be compared to that of the shit coins.
I think no one is saying that Bitcoin is guaranteed, but the truth is that Bitcoin can never be compared to any shitcoins in term of risks and with that there is hope in bitcointhan any shitcoin. What most people in this thread are saying is that people should stay away from shitcoins based on the type of risks they involve. Instead of trying to invest in shitcoins, why can’t they invest in Bitcoin, which involves less risk compared to any alternative coins?
Shitcoins are just like gambling. It is very possible to invest in a shitcoin project now and lose 90% of your investment between a week or even lose everything later. But for someone investing in Bitcoin, it is very unlikely for them to lose over 90% of their investment. Even if someone loses some percentage of their funds in Bitcoin, it will surely recover if they hold for a long period of time. In fact, they could even make good profits.
We have witnessed this many times in the crypto industry. Just look at those who bought Bitcoin during the last bull run at $60,000-plus. When we entered the bear market, Bitcoin dropped below $20,000. However, look at the price of Bitcoin now if those people are still holding, they are currently in profit. And if they hold for even longer, there is more profit to be made.