Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: It is only Bitcoin and nothing else
by
ginsan
on 28/09/2023, 22:01:54 UTC
⭐ Merited by JayJuanGee (1)
Bitcoin is the only coin to hold for a long time to earn from cryptocurrency. A person can earn good amount from Bitcoin if he invests for a long time. There were many tokens in the past that are now dead, and investors who invested in those tokens lost a lot of money. Most shitcoins pump for a short period of time, but later those coins turn into scams, once those coins die they have no value. That's why if you want to make a video, you must think about it. If we invest for the purpose of making a profit, we can never invest in any other coin except Bitcoin. Investing in Bitcoin alone is possible to make a profit, and will always incur losses and lose money.
Bitcoin is an asset that we should have for the future. Because Bitcoin has a limited supply and of course if Bitcoin has been completely mined. Then we will see big changes occur, either it will increase the price of Bitcoin due to soaring demand, or it will become increasingly difficult to get because holders will hold onto their Bitcoin and don't want to sell at a cheap price. So in this context we can take advantage of the opportunity to continue buying and holding Bitcoin while Bitcoin is still below its highest price.

In fact, if you look at what has happened so far, of course the Altcoin holders have experienced huge losses because coin prices have fallen by almost 99%, such as Luna and FTX Cheesy. So forget altcoins and choose Bitcoin as the safest asset for us to invest in the long term. I even see that many of those who entered from 2015 or above are now making quite large profits from holding Bitcoin for a long period of time. So there's nothing wrong with following their steps by buying and holding in the long term.