Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dr.Bitcoin_Strange
on 03/12/2023, 21:27:13 UTC
The truth is that a lot of people started their digital journey  the hype of shitcoins. Few that are fortunate to dump on the others and make some money have the feeling that they will be successful all the time. Unfortunately, there is no consistency in shitcoins and the rate of failure is over 95%, in my opinion, this is a risk to high to consider.

It's true that some people got into the crypto space through some of those altcoins, but along the line, I think that most of them fell out of love with altcoins and embraced Bitcoin because of how consistent and dominant it has been. For example, in the past 5 years, there were some of those altcoins that were in the top 2 to 10 rankings, but if you look in the space today, you cannot find those coins again ranking in the top 10.

Quote
We should never be tired of educating people on the need to remain focused on Bitcoin which is safer and have been around before these numerous coins that are mostly built on nothing.

Yeah, that's right, but not all of them will take the advice of only investing in Bitcoin. Some will still end up putting their money into some altcoins, and it's after they have been disappointed and their money has been lost that they will begin to feel regretful.