When investing, it's best to do it in lots of coins if you want to be successful in the crypto world. BTC is a favorite coin and safe to hold, but many altcoins make bigger profits than bitcoin. Everyone has their own analysis and strategy. Good luck
Diversification of investment is indeed essential but diversifying by jam-packing your wallet with lots of shitcoins won't increase your chances of profitability at all, it will on the contrary create room for the possibility of more losses.
. Those who hold Bitcoin for a long time will surely get the maximum benefit from Bitcoin.
Most definitely but most times, it's not just about HODLing Bitcoin, one thing is to HODL and another is to HODL the right way.
There are people who knows that HODLing Bitcoin for the long-term brings high profits than considering the short-term benefits but one thing they fail to realize is that when you don't HODL rthe right way, youll end up losing your investment even before the profit starts coming.
A good example is HODLing Bitcoin without first making provision for an emergency fund, a reserve or a float fund to help you cover for emergencies and expenses when they arise, because surely situations that needs funding would definitely arise and if there's no funds set aside for such situations, then that means that you'll be left with no other options other than to run to your investment and take out some funds to sort out the emergency, thereby gradually reducing the value of your investment, and imagine doing this a few times, then there will be no more investment to give you profits anymore.