Quote from: nullama on July 19, 2023, 08:38:42 AM

Quote from: MinoRaiola on July 19, 2023, 04:53:57 AM

~snip~
Owning Bitcoin is always good, so you decided that correctly. Selling altcoins for it is okay, but if you want to play with higher gains or losses, then you should buy and sell altcoins. This is in most cases but with a lot of luck, you can also play at the roulette table something. On the other way, you will be very happy if you have bought a coin that has made a x10 and more. With bitcoin it will be less in the comparable time, but a more security not to lose everything, and with bitcoin you can be sure that it is denzentral.

The thing is that altcoins are basically centralized companies with no regulations or protections to the owners.

You can easily lose 100% of your money in altcoins, because they really aren't the same as Bitcoin.

But yeah, as you mentioned, it's a bit of a gamble, like going to the casino. Although the casino always wins. Keep that in mind.

But basically the majority of us all would still like to be involved in altcoins. Well we love Bitcoin and invest long term in bitcoin. But there's nothing wrong with us having special funds for us to make capital in trading altcoins.

I personally engage in daily trading which of course is mostly in altcoins. Altcoins have a high risk but also worth the benefits offered. but one thing to remember is that altcoins are not for the long term but only for short and medium term trading. only buy when there is an issue there will be an event. and sell it when the event starts (peak hype). More analysis needs to be done if you want to get into altcoins. because we really have to pay attention to market sentiment and altcoin fundamentals. and technical analysis we also have to master firmly for decision making.

But remember to play in Altcoins it's better to only use a small portion of our capital. And the funds used must also be cold money. I personally also keep limiting the amount of capital I use in trading altcoins. because most of my assets in crypto are stored in long term investment in bitcoin.