Quote from: NewRanger on Today at 04:26:32 AM

Quote from: Lida93 on November 23, 2023, 05:48:31 PM

As the bullrun is getting closer we shouldn't be taken aback seeing some altcoins doing better all in disguise only to carpet flat after many would have innocent invested their money. I bet that many of the altcoins prices won't be rising along with bitcoin when the bullrun eventually kick start, they rather be doing the opposite. I rather be doing my little DCA holding strategy with bitcoin with the little % from my monthly income while waiting for the bullrun, it better to partake in it with the little you can than sitting on the fence.

If you are focused on BTC, I think it's better not to think about the outside anymore. Just BTC and search quickly to collect as much as possible in various ways. January 2024 is only a month and 6 days away and the issue of increasing BTC is also being discussed very intensively even in the midst of these uncertain economic conditions.

Altcoins are a distraction for someone that's already invested in bitcoin, it is like having the original of a product and still spending money on the inferiors of it type when you know it can develop fault at any given time as a result of the inferiority in value and standardization of the product.

At first when I started to draw interest in cryptocurrency i started with alts they all didn't end well, the rug pulls were always short-timed, if I had started off with BTC would have had more portfolio in crypto than I do today. The losses weren't funny mate, I know what am talking about. So yeah, it's better to stay focused not considering any other alt.

Quote from: JayJuanGee on Today at 04:28:21 AM

Quote from: Winterfrost on November 23, 2023, 05:52:44 PM

At a certain point, there may be a need for an investor to delve into something that is certain to provide a faster return, perhaps in a short period of time.

Why? Isn't bitcoin potentially volatile enough? What more "faster return" is necessary, and at what point would a person "need" to engage in such extra risk taking, when bitcoin is already risky?

No doubt bitcoin is potentially volatile with its own peculiar risk and returns but investing (diversifying) in other different projects that's not cryptocurrency is another form of expansion that returns made from there can be utilize into accumulating and increasing your bitcoin portfolio, in my opinion a good diversification can be a supportive ground for a bitcoin investor not to tamper with his bitcoin investment at any financial emergency storm that might hit.

If the money is there enough to diversify the risk factor shouldn't be an excuse not to diversify. None diversification of businesses is like driving a car on along journey without having a spare tire with you for flat tire emergency along the long.