No other coin really compares to Bitcoin. Many people often argue that investing in Bitcoin is less profitable, on the other hand, there are some ALT coins that have higher temporary profits. Bitcoin is one of the most reliable digital currency for investment and I think it would be foolish to compare Bitcoin with any other coin. So far, I have not seen as much news about any other crypto currency in the market as I have seen about Bitcoin in various media. Big companies invest in Bitcoin and rely on Bitcoin. If the ALT coins in the market were reliable then big companies or rich people would invest in ALT coins. We are small investors so instead of trusting all these ALT coins we should trust Bitcoin and invest Bitcoin and that will be the right decision for us.
If I had bought Bitcoin every time I heard that, I would be rich by now. When you think about the money lost over the years while trying to make quick gains in altcoins, you realize again and again how important it is to buy at DIP and hodl. Whenever the price seems high, you should zoom out and look at the chart again, because Bitcoin is always seeing new highs.
Even the price that is expensive now will be very cheap in 5-10 years. This has always been the case, and it will always be the case because of limited supply and high demand.
Some novice investors think that if they invest a small amount of money in Bitcoin, they can make a lot of money from that investment within a few days. People who come into investment with such ideas most of the time do not stick with the investment and in a short period of time they get too excited. And in excitement they sell their investment with a relatively small amount of loss and they don't want to believe that the investment yields a good amount of profit.
Some investors confuse trading and investing. That is, investors start investing for the purpose of investing, but when they see some amount of profit after investing, they immediately sell their investments, and there is a class of investors who cannot accept temporary losses and even at that time they get excited and sell their investments. The real purpose of investment is not all this, before investing, the investor must be patient enough and also have enough confidence in his investment. Market changes every moment, changes are not only positive changes but also negative changes. If after investing we cannot accept these temporary positive or negative changes in the market then we will never reach our goal.
Investors who are serious about investing should know about investing and then proceed towards investing. I've heard of some investors who are so serious about their investments that they keep a separate fund to invest in Bitcoin consistently. The advantage of having separate funds is that if an investor ever misses a series of investments or after a financial crisis, the investor can maintain a series of investments from his emergency fund. Before we invest we should be so serious about our investment then we will be successful in our investment.