Quote from: Xampeuu on Today at 07:42:21 AM

Quote from: Wiwo on September 30, 2023, 06:33:05 PM

Quote from: Godlovesyou on March 22, 2023, 04:43:39 PM

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.

What future do we really hope for altcoins without bitcoin?

First what do you mean by Bitcoin is unpredictable, don't you know that altcoin is more unpredictable than Bitcoin and in fact bitcoin is the best choice of investment among all other cryptocurrencies and for me, altcoin is only for the gambling and nothing more, anyway the coin you trying to promote may give you 10x returns who knows.

But also know that you can lose all your investment in that coin if it turns out to be a scum shitcoin in the market tomorrow so yeah risk.l risk anyways is either you lose or you gain.

I think we have to be friendly with risk, where it's not just profit that we always take into account, where if something undesirable happens then we are not ready to face it. Therefore, there is a need for risk management, where we have to be good at controlling ourselves from greed and still think clearly when deciding where to invest.

Yes having a risk management plans before diving into altcoin or any other form of investment is very important but more important when you are not taking only risk but gambling with your investments because doing so puts you in a more intense risk position and at some point you will have to abide with the situation whether you like it or not.

So it important to put everything in the category, and in so doing we have to place priority on the level of risk and capital assurances in each of our decision processes as far as investment is concerned.