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Quote from: imthegreat on January 02, 2024, 08:03:23 PM

We need to cultivate the habit of investing and carefully handling the money that we have invested in bitcoin. They say the habit is formed after three times, and that's how I learned to save and invest. I am not rich, and I think the amounts of my first monthly investments would make you smile, but nevertheless I am now also in business, and recently I managed to replenish my wallet so that I do not believe looking at my Trust Wallet.
You are right, you cannot sell at the first growth of any token in a long time, and of course bitcoin. Today he pleasantly surprised us all, as he has in recent weeks, and this is great, because now is the time of miracles. And friends, I want to tell you that I am proud of myself that I am not investing in strange altcoins, but in the first and main crypto coin - BTC.

When I reconsidered my entire journey as an investor, I realized that I was tired of looking for new coins, listening to the advice of “professionals” and at the same time losing money every time on unsuccessful investments, then I decided not to chase an insane increase in my deposit, but simply invest in Bitcoin.
And only into him.
Oh, friends, how much criticism I have heard addressed to me!
“Everyone multiply deposits by 100 times until your Bitcoin makes x 2.” And a lot of similar things.
BUT all this was at a price of 28k.
What is our price now?
And where are these advisers?
They shut up now.

And I want to add that I really like investing in Bitcoin because I am always calm, because I know that various altcoins will die, and Bitcoin is the last immortal stronghold.

Agree with you that only Bitcoin is worth holding for the long term. I don't believe their talk on social media where they make shitcoins their target to get a fast roi but in the end they lose their money when the carpet pull is done. Be wise in investing because making money is very difficult in the current era and of course 1 coin and that's Bitcoin which is worth buying and holding for decades to come.

There have been many cases that happened to those who bought shitcoins but they really didn't realize how to correct their mistakes. As we have seen, Bitcoin has a good trend in its price movements and that is an opportunity for us to continue accumulating Bitcoin at low prices. Advising them sometimes doesn't mean much but I always say stay away from shitcoins because everyone has made mistakes and that's a meaningful experience that can change someone's thinking.

No matter how long you keep advising some of these people not to invest in shitcoins they will never listen till when they eventually fall victim of rug pull in projects that doesn't worth investing on. I keep wondering what usually motivate them to make such decisions. Why not invest in Bitcoin and relax, some want to get quick roi which is not a guarantee at the same time expose themselves to high probability of losing their capital invested in these shitcoins. Since I know Bitcoin investment, people who invested in it and hodl for long always win. If people always win in Bitcoin investment in the end why won't ever investors both new and old just stick to Bitcoin alone.

Mate, people listen to their instinct which most times doesn't tell them the truth, many of them doesn't understand that bitcoin price controls the price of other coin and this is because they fail to understand the concept of both crypto and bitcoin itself, the anxiousness of making quick money has weaken much investor thinking, this has reduce their interest in making thorough investigation about a coin before investing, any day any time bitcoin is the master of them all but many of this folks doesn't feel that this facts are real, the live the mean thing to continue to chase shadows which may ripped them off their funds if care is not taken, a good investor considers so many things before investing, first all he or she looks at the risk involved if it is worth it, the long-term possible profit and life spam of such business, if the investment will be in existence in a long run, but a weak and unrealistic investor chase immediate fortune that may not come as he or she plans it.

What do you think about investors who forget about the risk and focus more on the profit, firstly it sounds funny and even in the Altcoin board have seen a lot of threads discussing about different coins trying to outshine bitcoin and it sounds funny. As an investors never get tired of learning and making research cause with the knowledge and right investment choice it will be stress free. If every newbie will focus more on bitcoin and forgetting about new coins then it will be simply to handle, one thing I observed about learning not just investing only but generally, when learning it's best not to jampack different ideas and innovation in just a period of time but gradually can make one perfect, like for newbies trying to know more about bitcoin they should stick on learning more about bitcoin for the moment, sometimes what with the idea of choosing different coins and comparing it with bitcoin it doesn't make any sense, people like this always need to learn and take corrections so they will not experience loss in their investment.
That's why using the DCA strategy for investing in bitcoin for long term has save a lot of investors from loss and investors who had the wrong impression about bitcoin investment, when I heard about bitcoin investment I never knew about the DCA strategy until I read about it and in my opinion it's the best strategy one can ever use not just newbie but everyone.