Post
Topic
Board Speculation (Altcoins)
Re: Excessive greed is detrimental to investment
by
Silberman
on 14/01/2023, 03:38:41 UTC
True it depends on your coin because Bitcoin and top coins like Ethereum or BNB are very suitable for long term investment,
so when we try to hold it in the long term of course it's not greed,
other than that storing shitcoin for a long time will only be a waste of time.
Not just your time will be wasted but also your money. Why invest in shitcoins if you can buy coins with potential to grow even it takes a long period to profit? The problem is many investors are still investing in shitcoins because they want to earn in a short period, so despite of the risk, they still blindy investing because of their greed. So the choice is up to us, it's our hard-earned money anyway that we'll going to invest.
It is also important to remember that while is true that shitcoins sometimes can give more profits than the top coins in the market, this is also heavily dependent on the top coins themselves, for example when bitcoin and the bets altcoins in the market are going down then there is no point in investing in shitcoins at all as most likely they are crashing way harder, so if someone wants to take that risk then they should at least wait until the bull market is in full swing before they do it, and something as simple as this strategy is beyond most newbies and even some experimented investors abilities to execute.