Post
Topic
Board Bitcoin Discussion
Re: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle?
by
Smack That Ace
on 16/11/2023, 02:48:07 UTC
As we have a halving year ahead, Bitcoin will be the best investment. Moreover, the best currency to hold Bitcoin is the most profitable in Bitcoin compared to all other altcoins. Most of them turn out to be scams but Bitcoin will never be a scam and it is the most profitable and risk free. Risky investment is altcoin which can lose you money, but if you invest in bitcoin it will give you profit. However Bitcoin is best for long term investment, but altcoin investment is always risky so it is best and wise to invest in Bitcoin for next bull season.

Bitcoin is considered the best investment in the market because it is quite a safe investment and brings significant profits. But saying that bitcoin is the most profitable and risk-free investment is an exaggeration and a lie. No investment offers high returns without risk, we are bitcoin investors but we need to be realistic. There is no need to lie to deceive others nor does it make bitcoin better. I was once considered a fraud for saying that bitcoin is risk-free and profitable when giving advice to a person. That's unnecessary exaggeration.
You are right, and it is true that Bitcoin is very exciting and has tremendous profit potential, but make sure you understand the risks that come with it, and also have knowledge and understanding of Bitcoin.
Bitcoin can indeed provide big profits, but it also has big risks and no investment is free from risk, and if there were no risks, maybe everyone would not experience losses.
And the general risk of Bitcoin is that high volatility by definition makes Bitcoin risky, apart from regulation, Bitcoin is also still vulnerable to fraud and hackers and other risks.

Everything has risk and what has the potential to bring high profits is higher risk. We need to be aware of that to have effective prevention plans, not to be too enthusiastic and blindly forget the threats that are lurking behind us. Bitcoin is indeed a potential investment but don't worship it too much like our god, it still has its disadvantages, there are still risks and we should always have a plan if something unfortunate happens. I really don't know what people who worship and worship bitcoin gain when they continuously exaggerate it.