Quote from: I_Anime on January 31, 2024, 11:35:53 PM

Quote from: Fauderz on January 31, 2024, 11:04:30 PM

Quote from: Rabata on January 31, 2024, 06:20:20 PM

Quote from: Justbillywitt on January 31, 2024, 02:04:44 PM

As a long time hodler why do you need to be bothering yourself with watching the market? Your sole purpose is just to keep buying and don't let your attention be bothered by market activities. If your goal is to accumulate and hodl for 6 years and above, then the market timing is not something you should be bothering yourself with. You should just be concerned with getting steady flow of liquidity to inject in bitcoin. Any price you meet bitcoin when you liquidity is available you buy. Let the day traders bother themselves with the market timing.

Bitcoin market is volatile which can create different sentiments at any time among those who follow the market. Those who are committed to long-term holding would definitely do well to keep an eye on how to further diversify their portfolio. Those who understand the value of Bitcoin see the dumping of Bitcoin as an opportunity for them. Those who are short-term investors may be happy with small profits but a Bitcoin holder usually dreams big.

Crypto disverification is a nonsense because at the end of the day, we have to realize that the purpose of disverify is to secure the assets we have in order to avoid great risk and when talking about bitcoin and disverifying it with altcoins, doesn't this make our initially risky condition even more risky?
I think it might be possible to verify with other assets such as gold or real estate that can still be done if you have very large money but disverify bitcoin with altcoins will be a funny situation in the end because we actually make our risk bigger.

If in the end our money is only sober for what to think about diversification because it would be better to just focus on what you want to achieve with your bitcoin.

yeah right diversificating altcoins and bitcoin can be quite risky. Is better to just invest those asset you wanna use in disverifying in other altcoins. When you diversificating thinking it would reduce more risk that even though one of the investment gone bad the other would cover it up you are just increasing more risk unknowingly. Imagine whereby in a scenario that bitcoin surge and the altcoins you are diversificating on didn't pumb and just endup being dump at that point yah bitcoin be the one covering the losses. When you would made good profits is better to make diversificating project to be something outside the crypto space. And focus on BTC alone

Without considering any more opinions Bitcoin is relatively the best of investment in terms of dealing with cryptocurrencies. This same mistakes most people do make encouraging a massive accumulation of Altcoins, sometimes not those that are highly correlated with Bitcoin but just picking their interest on some of these new filthy Altcoins due to generating a new pump giving them 100x of their investment, yet the certainty of making such profits may still be opposed by some certain criterias like the project not being successful or the Devs scamming the investors.

It is best we use our tongue to count our teeth whereas knowing where to invest our money and Bitcoin stands the highest chance of being the subject matters.