Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Investing in Bitcoin in Student Life
by
Dr.Bitcoin_Strange
on 19/05/2023, 19:01:12 UTC
⭐ Merited by JayJuanGee (1)
If you are a lover with a large amount of assets and want to accumulate them, choosing bitcoin is a good thing. It may take a while, but it's definitely a profitable investment. If you have few assets in hand, choosing altcoins will be more reasonable than bitcoin because the price of altcoins can fluctuate very strongly.

You think so? Sorry to say, but you are absolutely wrong about that. There are newbies in this forum, and when they read through threads, it becomes unfortunate that they even get some of the wrong information here, but not withstanding people with their opinions. But when giving out information, it's good to really give out complete information, knowing that it can be useful to others too.

Either small fund or big fund, there is nothing that can't be invested in Bitcoin; even with $5, you can buy some fraction of Bitcoin, but it depends on the platform you are buying from. There are some platforms where you can buy any amount of Bitcoin and withdraw it to your self-custodial wallet.

Altcoins are just a way to gamble away one's money. The reason I say so is because you can't say for sure that a particular project can stand the test of time. Some altcoin projects don't even last up to two years, and they will crash to $0.0000000001; perhaps if you had bought at $0.05, you would know how much you are losing when the price crashes, and they are not like Bitcoin, which halves every four years and experiences a bull market. Altcoins don't have a bull and bear season; they sometimes only follow the trend of Bitcoin to pump during a bull market, but when they crash during a bear market, that may be the end of the story for that token or coin.

Whoever decides to deal with altcoins should be fully aware of the risk too, because it will be more risky if the person involving themselves with altcoins never knows the risk at all.