The post Why Bitcoin (BTC) is the Best Investment Choice for Newbie Investors appeared on BitcoinEthereumNews.com.

With the strong price rise experienced by $BTC over the last couple of years, new investors to the crypto space will be thinking of buying Bitcoin or altcoins. Which is the best option? Altcoins or Bitcoin? When a new investor looks at the list of cryptocurrencies on their wallet or an exchange for the first time, they will probably be confronted with many options. Which cryptocurrency is a good buy? The first factor to consider when entering the world of crypto is one’s ability to carry out technical analysis to a good standard or to be able to fully understand the fundamentals behind a token. Let’s face it, very few if any new entrants to investing or trading will have any idea about this. Therefore, buying an altcoin, or even Bitcoin, for a trade, is pretty much like taking a shot in the dark. In addition, one should remember that all that glitters is not gold. You may have been told by this or that person that this or that altcoin is a great one to buy. A mistake made by many is to look at how many tokens you can buy. With some altcoins, many thousands of tokens can be bought with a small sum of money, whereas to buy just one BTC currently costs more than $100,000. Buying thousands of tokens, compared with buying a fraction of one BTC, should not be a consideration. Both supply the opportunity of making money.   However, when buying altcoins (any cryptocurrency that is not Bitcoin) you are going much further out on the risk curve. It is true that altcoins can increase in value much faster than Bitcoin over a short period of time, but over the long haul, Bitcoin has proven to increase in value much more than nearly any other…

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Filed under: News - @ January 31, 2025 11:18 am