But one thing we have to know about investment is this, "the higher the risk, the higher the profitability. So without risk there is no investment.
That is what shitcoiners say all the time, and they end up broke because many times they end up gambling rather than investing, even if they might think that they are investing, but they have such superficial understanding what they are investing into and maybe they do not have too many clues regarding what is the meaning or risk and how do you either assess it and/or establish sound practices in order to mitigate many aspects of the risk.. whether that is figuring out position size, or what to invest into or how to manage personal finances (including but not limited to planning for income and expenses - as well as establishing emergency funds, reserves and/or a float)...
Lol that's actually true, such statements mostly use in shit coins . We all know that bitcoin has it's own Risk but to me bitcoin is only consider risky to those who normally focus on short-term profits. But when holding bitcoin ( for long-term) as same time you're minimising the risk in investing in bitcoin, because bitcoin is actually more safer to invest on than those shit coins that are damn risky . So when you have good principles towards bitcoin, you would secure a smooth and safe investment.
According to data from coingecko today there are 12906 coins included. How can an investor ensure his profit by investing in so many coins? Bitcoin is the only cryptocurrency that is completely different.
There is a big difference between a Bitcoin investor and a Shit Coin investor. I saw a friend who was a holder of Shitcoin. He cannot control greed at all. He has invested in some shitcoins in hopes of more profit that shows a different picture of his coins when the market is in a pumping movement. He has been holding sheet coins in his wallet for over a year. But if he had kept all his money in bitcoins since then, he would surely have multiplies his investment today. Even if he did DCA, he would have turned out to be a relatively large holder of Bitcoin.
Investors must keep in mind that Bitcoin is a well-established and widely recognized coin. Both its appearance and value are known. Its founder Satoshi Nakamoto, not a scammer. The value of which will continue to increase in the long term, although the market may correct due to various reasons. It should be considered as a permanent asset and not for temporary gain.
A major difference between bitcoin and sheet coin is that bitcoin will be a great asset to an investor in the long term whereas sheet coin or gambling coin will lose in the long term which has many examples. Many of the coins that are there in the last bull market have disappeared.
The decision to accept the good and the bad is the investor's. He has to decide what state of his wealth he wants to see in the future. When looking at long-term asset value holding and future potential analysis, there is certainly no alternative to holding Bitcoin.