Post
Topic
Board Altcoin Discussion
Re: is right time for investment ?
by
posi
on 31/07/2023, 03:39:06 UTC

So what are your thoughts on ETH and BNB or Dogecoin that I think you would call them shitcoins? Those are projects that have existed for over 5 to 7 years and are still developing further in the future. Even investing in them yields much more substantial returns than bitcoin today, not all altcoins are worthless and useless.

Don't be too stubborn to only know about bitcoin and ignore other opportunities. Just like when bitcoin was first introduced, traditional investors scorned and criticized bitcoin and they missed a golden opportunity with it.

@posi, When I hit the crypto space, I fucked around with many altcoins, including BNB, Ethereum, and even Doge Coin (I even earn some free Doge coin through airdrops). If you read what Sir JJG said below, I agree with him, and that's my opinion too for anyone rolling around Altcoins. In fact, the year I bought my first Bitcoin, I also got some Ethereum. I think it was later around 2021 that I let myself buy Doge Coin and also made some profit with it because of the pump. I am not really looking at Altcoins now, and the reason is because I am more consistent in accumulating Bitcoin now, I don't need any distraction with Altcoins because I have really messed around with them. Buying and hoping for a huge pump even made me daydream that I could become a millionaire one day, but Altcoins have not made that possible. If I keep accumulating Bitcoin, it's possible I can archive some good goals with it in the future, but what if any Altcoins that I put my hope upon are not able to save the day?
    I am not being stubborn, I can begin to reconsider some altcoins later, maybe after I feel I have accumulated enough Bitcoin.


According to what you said you also made a profit from ETH and Dogecoin, so why do you say they are shitcoins and they can't survive the next 2 years? Another thing is, you said you invested in altcoins and hoped it would make you a millionaire but then you got disillusioned. So is it your fault or the altcoins' fault? And what guarantee do you have that investing in bitcoin will make you a millionaire?

What JJG said is his opinion, and he is a bitcoin maximalist, so it wouldn't be strange for him to hate altcoins. But everyone has an investment opinion, I don't want to listen to anyone, because no one is responsible for my life but myself. I have my own plan and I know what I'm doing best for myself, why should I listen to a stranger's advice? I am not saying that we should ignore bitcoin and just invest in altcoins, but if there is an opportunity to profit from it, why should we ignore it? In bull season in 2021, doge gave me huge profit, while bitcoin is also profitable but, compared to doge is insignificant, why do you ignore that?