Quote from: Davidvictorson on Today at 04:42:21 PM

Quote from: JamesDaniel90 on October 13, 2022, 06:54:38 PM

Just wondering if everyone invests in Bitcoin or is it worth just focusing on strong altcoins that can 20-50x in the next few years?

Dear newbies, no matter what you think, listened to or watched on YouTube, altcoins will do you dirty stay away from it. Sure we know how altcoins can 100x like crazy in a short time but never forget that what goes up must come down. And newbies easily freak out when price drops and will sell everything in their portfolio in the twinkle of an eye and they will end up selling at a loss. One thing newbies forget is that altcoins can quickly go to zero. The best strategy is to stick with bitcoin. Buying and holding for a long time comes with peace of mind.

Image source: https://twitter.com/Ashcryptoreal/status/1580454115334770688

It needs to be realized that beginners should no longer be involved in investing in altcoins because they just want a crazy increase of 100x expecting a very fast profit even though from panic that's what makes them suffer more after knowing the price dropped drastically and selling cheaper what they bought before, so I don't want them to just be lulled by others like Youtube who might be able to tempt them, but what we felt before was suffering and regret due to trusting in altcoins too much. The example you show in the picture of the LUNA coin really has no value.

I wonder how hard it is to invest in Bitcoin and then hold it? Are they not strong enough to hold on too long and want to go faster with altcoins? I can't help but think if there are thoughts like this, of course I respect their decision but we always recommend the best compared to altcoins.

Bitcoin should be one of the coins that is stored for a long time, it will earn a good profit in the next 4-5 years, the same thing they invest in other assets but Bitcoin is more real even though there is no physical.