Quote from: Nanga Parbat on Today at 02:59:05 PM

Quote from: JayJuanGee on February 16, 2024, 11:23:11 PM

Bitcoin likely remains amongst the best, if not the best current investment, and guys can choose their own path, including their own allocation choices. And, yeah, it is not guaranteed, but it remains very sound money, if any of us might not have had noticed.

Bitcoin is the king coin of cryptocurrencies and is considered by some to be a great investment vehicle.
Like you said @JayJuanGee, there are no guarantees or guarantees on Bitcoin. Its price depends on market changes and has high volatility, which means you are at risk of losing your money. Is it an good decision to invest in Bitcoin again?

You seem to be comparing bitcoin to shitcoins, and surely in my earlier comments, I was not considering shitcoins - and if anything, I was comparing bitcoin to any investment category of asset and/or currency, so the other traditional asset classes that any of us might consider to include in our investment portfolio would be equities (such as stocks), property, commodities, bonds and/or cash or cash equivalents. .not referring to shitcoins.

Your decision about whether to invest into bitcoin or to continue to invest into bitcoin might partly relate to whether you already have any, and if you don't have any, then surely it seems that everyone should be considering at least getting off zero and probably allocating 5% to 25% of their quasi-liquid investment portfolio into bitcoin. .. and surely each person has to choose for themselves in regards to both the questions of whether to invest into bitcoin and if so then, how much.

There are surely a lot of people in the world that do not have any investments, and they also might be living in such a way that they might not have very much income that exceeds their expenses, and so surely, people who do not have much if any investments based on their relatively low level of discretionary/disposable income, they will need to make sure that the are taking from their discretionary/disposable income, and sometimes they might need to attempt to increase their income and to cut their expenses and if they are not used to investing into anything then they also may need to increase their emergency fund, cash reserves and/or cash float so that they will never have to sell any of their investment (into bitcoin in this case) at a time that is anything other than completely their own choosing.

Quote from: gunhell16 on Today at 03:25:27 PM

What OP said is okay; as long as you want to hold on long-term, follow what you want to do. But of course, you should first know what you are trying to invest in in the crypto space. We have a lot to choose from besides Bitcoin because there are other top altcoins on the market.

Fuck shitcoins.

We are talking about bitcoin in this thread, so who cares that there exists a bunch of shitcoins that you could choose from, unless you are inclined towards gambling.

Quote from: gunhell16 on Today at 03:25:27 PM

Holding long-term is also important because if we don't have enough knowledge, this is the safest thing to do so that we can make a profit while we know or study whether it is Bitcoin or another cryptocurrency.

Sure, there are a lot of people who are confused about bitcoin versus various shitcoins, but they probably don't really know what bitcoin is, and so then they get confused about what they should invest into. Hopefully, if someone learns about bitcoin first and invests into bitcoin, then at least if s./he decides to venture into various shitcoins and to gamble, then at least he started with bitcoin first.

Another thing is that if you are so damned tempted to gamble on various shitcoins, then if you at least limit your allocations into shitcoins to less than 10% of the size of your bitcoin investment, then at least you will have placed some boundaries upon the level of your distractions and temptations... but yeah, there are a lot of folks who cannot limit their temptations to gamble to something like less than 10%, so they will likely have to learn by getting burnt, even if their goals might have been to invest, they might not have either learned the difference between investing and gambling, and they are exercising practices to reinforce their continued failure/refusal to learn how to invest rather than to gamble.. and that there is actually a meaningful difference.