Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Justbillywitt
on 08/01/2024, 08:45:24 UTC
Of course sir, in the first few years I continued to learn about bitcoin and continued to deepen my knowledge and many other things. What I mean by a few years does not mean that in 1 or 2 years we will be able to gain results from our investment, in my view investment requires analysis and patience, Not only in Bitcoin but other investments such as shares and others.
There are many types of investment, but when talking about cryptocurrency investment, of course the best one here is investing in Bitcoin because it has been proven over the years.
At least you should have given him more valid reasons that made cryptocurrency investment more preferable for investors that other investment opportunities. Not only cryptocurrency investment has been proving over the years. Real estate, Gold and the stock market has well done well for investors over the years.

However,  i believe one general reason why investor prefer cryptocurrency to other form if investment is because of its decentralization. They feel safer putting their money where no third party has control over their assets. Since no government authorities and private companies can control the price of their asset.

And you mentioned that Bitcoin is more of an investor choice, which i totally agree with you. Alternative currencies are not to be trusted since they can end ay anytime by rule changes, founders or developers. Big investors would tell you that they can't invest in cryptocurrency that has a leader foundation becomes whenever they decided to quit the project they will. Bitcoin is Soley relying on itself. Also, many investors look for where they can store value this is why Bitcoin is the first choice.

Not all crypto currencies are worth investing on and not all of them are doing better than other forms of investment. I keep telling people that if you must invest in digital asset it must be Bitcoin. Anything other than Bitcoin you are on your own as your investment is not guaranteed. For me it is either Bitcoin or nothing else.

Bitcoin is the best because those who are smart investors must invest in Bitcoin. And investors who are ready to invest for a short period of time and are prepared to lose money will prefer unique coins. But the risk is very less when investing in Bitcoin, that's why people are more inclined towards Bitcoin investment. Because investing in Bitcoin must be a long-term investment because only Bitcoin can help economically in the future.


Wether investment is for the short term or long time, Bitcoin investment should be the goal and not any compromise. No investor invest with the sole purpose of losing money, sometimes it could be that they lack the right knowledge and understanding about Bitcoin and possible consequences that their actions will result to. It could be that those who do this are people who were recently introduced into crypto currency trading and investment without proper guidance or adequate knowledge. Some people just want to dive into something because they heard that it's profitable without knowing the underlying risks.