Post
Topic
Board Bitcoin Discussion
Re: Lessons of my experience and knowledge about Bitcoin
by
serjent05
on 09/10/2023, 20:14:10 UTC
_ Stick to Bitcoin: it's the real deal. Don't gamble on other cryptos
Even though I agree that Bitcoin is the real deal and it's the most powerful and important cryptocurrency out there, but what's the fun if you are just sticking to Bitcoin and not experimenting at all? And by experiment I don't mean that one should start buying every single altcoin blindly, there should be a proper way to do that, some research, a bit of analysis, and if a project or a coin seems good, there is nothing wrong in throwing a few bucks at it.

_ Avoid trading altcoin: you are not a genius trader, you will eventually get burned.
Or trade with caution, isn't it is better to simply be careful with your purchases than to totally avoid the whole group? I mean, some altcoins got great potential, and we all agree that diversification has always got great things to offer.

In the current cryptocurrency market, some altcoins even outperform Bitcoin in terms of giving ROI.  People just need proper and right information about altcoins.  Though it is risky, there are altcoins that give their investor a very good amount of profit.  Just like SHIB, many say that it is a shitcoin, I do not refute that, but I cannot deny that I profited 42x+ when I invested in this, altcoin just need the right timing for entry and exit in order to get profit because if the investor missed the timing, he might end up bagholding worthless coins.