Should i invest in only Bitcoin?

[oo7]

Bitcoin is very expensive as compared to other currencies. If you are capable to afford it, then is a very good option.

[korkorjkk]

Investing in only Bitcoin is not bad, but it will be better you diversify your investment in other altcoins too in order to get a share in the profits obtained. But be careful when investing in altcoins because some are scam.

[Wong keras]

we don't just invest in bitcoin, because the price of bitcoin is now decreasing, right now I haven't dared to invest in the trading market because the price of coins in the market is decreasing all.

[Sentinel]

I don't personally think, I am investing in bitcoin and also altcoin so we can get more points and also add to our rankings.

[Habagat]

Bitcoin investment is one of the most lucrative investments and every crypto enthusiast must at least have share in the Bitcoin investment. It is always smart to diversify your portfolio, thus, allocate a percentage of your investment to Bitcoin and part to alt coins. For the alt coins, you can always go in for the large cap coins which have already gained much roots and trust of the people.

I have some different strategy like you can create multiple goals like short term, medium term and long term goal.Choose the coins accordingly so that you can meet those strategy of your requirement and also decide how much % of return you want form this strategies.

[Noel26]

Its depend upon your own choice, but I believe that we also need to invest on other coin not just only bitcoin, because all crypto coin is really surprising they can.give a huge amount of return if we have a big patience to wait for the righ time to sell.

[iamGemini]

Its depend upon your own choice, but I believe that we also need to invest on other coin not just only bitcoin, because all crypto coin is really surprising they can.give a huge amount of return if we have a big patience to wait for the righ time to sell.

I agree on that, investing only just bitcoin is not a bad idea but it is best to diversify and invest to another coin. There are many altcoins that has the potential to grow in the market so its not that difficult to find one.

[Ryanpogz]

In January of this year, the price of Bitcoin reached an all-time high of about 20,000 US dollars (data from the chart in citicoins), which aroused public concern. Since then, the world's largest cryptocurrency has depreciated by about 70%, but experts say it is still a very attractive investment. There are four reasons for this.

1. Tom Lee: The current bitcoin price indicates that a huge bull market is coming soon

Tom Lee, principal analyst at Fundstrat Global Advisors, pointed out that the current trading price of Bitcoin is about 30% lower than the 200-day moving average, which is a "quite positive signal." The analyst also said that if you can buy BTC below the 200-day moving average, then "the probability of making money in six months will exceed 90%."

Tom Lee also pointed out the fact that  is increasingly powerful, and a positive news wave has also played an important role.

2. Barry Silbert: The critical infrastructure for institutional funding is under construction

Barry Silbert of the Digital Money Group, an early investor in Bitcoin, said that 2019 will become a big market for Bitcoin. Because with the upcoming preparations for infrastructure, institutional investment will begin to flood. He also pointed out that we have seen this trend, as institutional investors accounted for 56% of grey investment, with a total value of $250 million. Barry Silbert believes that bitcoin prices have bottomed out, "the bear market has run out of energy" - almost everyone claims that the bear market is over.

3. Patrick Gray: The growth potential of Bitcoin is huge

We can also see from the  chart that although the price of Bitcoin has shrunk by 70% from its peak in 2017 in January this year, it is still a huge improvement compared to the beginning of 2017.

Barry Silbert, CEO of HashChain Technology, said: "At present, the penetration rate of cryptocurrency is only 0.2%, but the growth rate is doubled every year. At this rate, the potential and opportunities for the next decade are enormous. Despite some recession, this growth potential and growth rate should not be ignored."

4. Boris Schlossberg: Bitcoin may be a "legal way of storing value"

Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, is a long-term investor in Bitcoin, and he has given tremendous support to the recent rebound of the first and most important cryptocurrency (bitcoin). He even pointed out that further growth is not impossible.

Boris Schlossberg also said that as blockchain technology "is becoming more and more important in the mainstream financial industry," Bitcoin can be seen as a legitimate way of storing future value."

To a certain extent, I agree with the reasons of these four experts, but I think Bitcoin's pressure line is around $9,000. Only by breaking this point will there be a possibility of further increase. e

[Elaine99M]

It depends on how you manage it. Doing investment on bitcoin is good but too expensive. If you have much money, its better to buy 60% for bitcoin and 40% for altcoins. But  be sure to buy alts with good potential to grow in the market to get more profits in the future.

[Prime]

indeed investment is important, but it would be nice not to just rely on Bitcoin investment, but you must also invest in Altcoin. because with this you will get more coins and increase your income.

[therozaq]

Bitcoin investment is one of the most lucrative investments and every crypto enthusiast must at least have share in the Bitcoin investment. It is always smart to diversify your portfolio, thus, allocate a percentage of your investment to Bitcoin and part to alt coins. For the alt coins, you can always go in for the large cap coins which have already gained much roots and trust of the people.

No I think You can spread your investment..Many coins are more potential like ethereum, litecoin, EOS etc.

[Garuda]

I think you also need to invest in other coins. maybe ethereum or waves can be an alternative coin you can choose.

[Crypto Guard]

Bitcoin is still good, but it doesn't hurt to invest in Altcoins because there are lots of altcoins that are very promising and profitable like Ethereum, Ripple, EOS, and others.

[Quantum X]

It is safe to stay in bitcoin to keep from highest risk from other altcoins and ICO but still if you can embrace the risk to other potential coins is far better than staying in bitcoin only.

[xeroz]

Investing in Bitcoin is very profitable and promising. But, I think that it it is better to diversify our coins to invest in some other altcoins to get more profits and minimize the risks.