Post
Topic
Board Beginners & Help
Re: As a newbie I stay off shitcoin and it paid off, Bitcoin is the king.
by
Finestream
on 06/12/2022, 22:52:41 UTC
After I started my Bitcoin holding journey a few months ago,
At that time, my close friend Sam! also have some capital he want to put away in cryptocurrency, and I advised him to buy Bitcoin instead of an altcoin. But instead of him to have a long-term potential mentality, he was looking for a quick profit so he filled up his portfolio with shitcoin, while I went in on a single portfolio of Bitcoin and when the unexpected of FTX hack happen the whole market in shamble and his altcoin portfolio have dropped above %800+ but my bitcoin holding still maintains some level of stability.

This gives me more confidence in Bitcoin and newbie who are looking for long-term holding should hold more bitcoin, in their private wallet to avoid exchange, but your knowledge to always have a good entry price.
Good thing you prioritize bitcoin over other non potential altcoins as you can never find as reputable as bitcoin when it comes to long term investment. Although some are also seeing huge potentials investing in cheap altcoins, even in some meme coins, but if you don’t want to see your investments being rekt in the future, just like what happened to those who trust centralized exchanges rather than decentralized ones, then stick to bitcoin and trust the process as it’s the only coin which gives you high level of security and profits.