Suitable for: You are very sure a certain coin will rise (but who can be 100% sure?), and you can bear the psychological pressure of losing everything.
Diversified basket (diversified investment)
Benefits: Lower risk, if one coin drops, others may rise, balancing losses.
Drawbacks: Returns may not be as concentrated, profits may be diluted.
Suitable for: Those with little capital, who want to be more stable and gradually gain experience.
You are 'poor', and may not have much capital, so I suggest not going all in, don't easily place bets you can't afford to lose. Diversified investments may be safer, for example, put part in BTC and try some altcoins.
BTC or altcoins?
BTC (Bitcoin)
Advantages: Relatively stable (compared to altcoins), the 'big boss' of the crypto market, many are bullish in the long term. As of March 10, 2025, BTC price fluctuations are still smaller than those of altcoins.
Disadvantages: Short-term gains may not be as large as altcoins, the poor may feel it's slow to get rich.
Suitable for: Those who want to preserve value or achieve steady growth.Altcoins
Advantages: High potential, some small coins may double or even increase dozens of times in a few days, a common choice for the poor to gamble with small money for big gains.
Disadvantages: Extremely high risk, many altcoins may go to zero, and there are many scams.
Suitable for: Those who can accept high risk and are willing to research specific projects.
How do the poor choose?
If you have little capital and are afraid of losing everything, I suggest:
Prioritize BTC: Invest 50%-70% of your money in Bitcoin, which is relatively safe and serves as a 'ballast'.
A small amount of altcoins: Use the remaining 30%-50% to dabble in altcoins, but don't buy randomly! Choose 1-2 projects that you have researched and that have potential (like reliable teams and active communities). Don't just listen to 'rumors' and go all in.
Don't go all in: Diversify, even if you lose, you won't suffer total defeat.
Extra reminder
The crypto market is very crazy, don't invest your living expenses, only use spare money.
It's now March 10, 2025, the market may be different from before, you can tell me the trends or specific coins you see, and I will help you analyze.
Maintain a stable mindset, don't FOMO (fear of missing out) when prices rise or panic when they fall.