You have made a beautiful point between Bitcoin and Altcoins. Many newbies do not understand that Bitcoin investment is the best for them. Bitcoin is the king of all cryptocurrencies. It is never right to compare anyone's Bitcoin with any other coin. When there is a fall in the market, if the price of Bitcoin decreases by 1%, then the price of all other cryptocurrencies decreases by more than 10% and some coins decrease by 50%. Bitcoin is better than all coins in terms of security. When you look at all aspects, Bitcoin is the best of all. Many people first step towards Altcoins due to which they lose all their money. Never think of investing in all these Altcoins. Always invest in Bitcoin and have a long term

Invest in Bitcoin for a long term like keep the investment time frame of 8 to 10 years. You don't need much to invest, just basic knowledge about Bitcoin and a discretionary income to start investing. If you don't have a discretionary income, first find a source of income so that you can consistently maintain your investment. So far, Bitcoin is the only coin that has been the most profitable for long-term investment since its inception.

The situation with altcoins is still very unclear to me. Personally, I haven’t been able to identify any coins I truly believe in. I’ve never had that experience where I invested in a coin and it exploded by x100 or even x10, even though I constantly follow the news, and try to buy or earn coins that seem promising to me. But I really hope I’ll manage to "hack" the system and eventually find my own super coin. As for Bitcoin, now is probably not the best time to accumulate it. It’s better to wait, since the price is currently high.

What do you doubt? I don't know if you invested in altcoins in previous cycles, but as someone who invested in altcoins and made significant profits. I can assure you that making big profits from altcoins is real and many people have done it, not just a few. Many of my friends have left the market after making significant profits from altcoins, shitcoins from previous cycles.

But what you say is probably true in this cycle as I have not seen anyone around me making profit from altcoins, including my altcoin investment. This cycle has been brutal for altcoin investors and perhaps a lesson for those without bitcoin in their portfolios.

Yes, you are right. Most of what is promoted on social media is fake. They do this to gain followers on their social media platforms. They confuse people with any currency of their choice, the name of which we have never heard of. Again, we often see that many new currencies increase by 100%, 200%, 500% after their launch. We see this again and hear on social media that new currencies will be launched. We keep trading again and again because we see with our own eyes and new currencies come. If we trade in it, then in a very short time we will make profit. But later we find that we have come to know about fake currencies. In this we have wasted both our money and time.

But if we invest our money and time in Bitcoin, the king of cryptocurrencies, then we will never lose. Bitcoin is the face of the cryptocurrency world. When the price of Bitcoin decreases, the price of all cryptocurrencies decreases. Again, when the price of Bitcoin increases, the price of all other currencies increases. I am not saying that any currency is bad. But we need to stop this trend of jumping into new currencies after hearing about them on social media.

So first invest in Bitcoin for the long term and then try your luck in other currencies.

Actually Bitcoin price often influence altcoin price. When the Bitcoin drops, it affects most altcoin. there's a season where altcoin do extremely well even when Bitcoin is stagnant or declining. This periods are usually fueled by rising interest in some parts of the crypto market. Some of this sectors are NFTs,Defi and the rest of them. That's why this periods are usually documented because they are very important and rear. Investors spend their money during this season to buying altcoins hoping for higher interest. due to Bitcoins dominance in the market I think it's wise to hold both Bitcoin and some promising altcoins that will do well.

We also have to keep in mind that crypto is now more mainstream than it was before. The market is too saturated these days with so many "meme" coins and ordinary "shitcoins". Therefore, odds of a huge "pump" occurring soon would be slim. Everyone is on-board and wants to make money fast. The only option we have is to wait until Bitcoin goes to the moon, to sell altcoins for profit. That's if you're aiming for 100x - 1000x gains.

You'll be surprised by how the crypto market behaves within such a short amount of time. It's part of the volatile and unpredictable nature of Bitcoin and altcoins. Just remember to never invest more than what you can't afford to lose, and there should be nothing to worry about.