Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Raflesia
on 04/07/2023, 11:50:15 UTC
⭐ Merited by JayJuanGee (1)
Yeah and what's there to wait for? Because for the past twelve months the whole community, including altcoins, has experienced LUNA crash, FTX bankruptcy, other centralized services bankruptcies, the bank runs in the U.S., and the SEC FUD. Bitcoin is still above $30,000, close to +100% since November!

It's not that I'm too arrogant, yes, regarding the matter of certainty, for me altcoins cannot be placed on long-term expectations and returns cannot be expected like Bitcoin.

Altcoin holders can argue that my opinion about the altcoin is wrong because more than twelve months I have seen several of them that are considered to have the potential to actually cause big problems, such as FTX and LUNA.

It is not impossible that other altcoins that have looked good so far and have the potential to suffer the same fate as the two types of coins we have said.

In contrast to Bitcoin which is still and will continue to be used as a hope.


Actually there are certain periods during bull cycles when altcoins give higher returns than Bitcoin, and it's wise to trade some of your Bitcoin to take advantage of the volatility. But personally, I prefer my sanity over more profit. Hahaha. Plus I'm simply not a good trader. I lose more than I profit, so if people will come to me to ask for investment advice, I'll just tell them what I know = It's Pleb Life, HODL Bitcoin.
Only if you're not in your right mind would you trade diamonds for copper lol.
Although everyone's perspective is different when talking about bitcoin and altcoins but of course we have to be completely sane and it is not worth it to exchange bitcoin for altcoins even though the thought of being talked about with higher returns is undeniable but of course we also have to realize that things like this are not easy and don't forget the worst possibility where the loss will also be greater when your expectations do not match the reality in the end.

I'm not going to blame people for doing that but I might as well remind you that high return expectations can sometimes lead you into a trap Cheesy