Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Yaunfitda
on 05/07/2023, 11:40:47 UTC
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.
Yeah, who wouldn't want to have a good sleep at night knowing that your bitcoin is safe in your wallet and that there are no potential dump happening when you are in bed.

So most likely those who are selling their bitcoin to altcoin would lose their insanity,  Grin. But for those who are old enough or have matured on their crypto investments, we all know that bitcoin is the only coin that we should buy and then HODL for a long time.