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Board Speculation
Re: Reason why I put all my money in Bitcoin as a newbie
by
carlfebz2
on 30/05/2022, 21:45:23 UTC
Am still new in this space both in cryptocurrency and in this forum and seeing what is happening even to stable coins lately make me decide to put all my investment funds into Bitcoin since Bitcoin has never crashed or a billion coins getting minted out of no we're and dump into the market just like Luna tereUSTD did, so for your peace of mind I advise newbies to rely only on highly decentralized crypto Bitcoin. Until you learn enough to decide which risk to take and which not to.
It is nice to see at least a newbie with some common sense, every single day we see newbies taking enormous risks that even some of the most experimented members of the forum will never take and yet they think that somehow they are going to make things work, but as you may guess that is not what happens and the people that invested in altcoins lose a great deal of their money, and while what we saw with Terra Luna is the most extreme example of this, the truth is that we see something like this happening almost every single day.
Thanks, ops I have seen how many newbies like myself make a lot of mistakes all to make big profits from altcoin that does not have sustainable market viability, for a long term sake one needs to put all in Bitcoin. In the coming days and still planning to convert my other assets and put them all into Bitcoin.
Well if you fully aware that even bitcoin could always fail at any time , then go forr it. Big risk big return indeed, but for now bitcoin seems doing fine which is good for you , but still you should never forget that there is a huge risk await.

Brace yourself and wish you a goodluck putting all your lifesaving there  Grin
Acceptance of the risk i would say or we do all  know on which people could neither be accepting the risk involved or not and its up to their choice whether they would be integrating it into their business or not.

As long you accept the risk then i dont see anything wrong or hindrance for someone to make up decisions.Its your money so its your full control on what you should gonna do.

Mind off about the things that could  possibly happen if ever the market would be bitter and on the time that it do make some greens.