Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands
by
CryptoHeadlineNews
on 17/02/2024, 19:30:26 UTC
⭐ Merited by JayJuanGee (1)
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.
Yes, you are right, and it could only take people like us who have had a good knowledge about cryptocurrencies to know the difference about investing and gambling as regards to crypto, and by that I mean (i.e buying Bitcoin = Investing) due to it's low volatility whereas (i.e buying shitcoins = Gambling) due to it's high volatility nature, likely to either skyrocket so high, low or probably crash, depending on the nature of project and market support. Hence, it remains a wise decision people keep a handful of their investment into Bitcoin (above 90%), while they gamble not more than 10% on coins with a strong social media presence and total supply not more than 20 millions coins.