so... let me just mention that if you had started investing into bitcoin at
$100 per week since your forum registration date, then you would have invested right around $34,200 and you would have had accumulated 2.9473 BTC (current value of $212k, so decently in profits in comparison to the amount invested). Of course you can adjust the amount to whatever your own budget would have had been over the past 6.5 years, and you can also consider whatever you have been doing in terms of shitcoins and consider whether you are at least performing close to the same or better than a strict BTC accumulation practice that would amount to DCA investing.. I doubt that you have better results, and especially results that are repeatable for other normal people who might not have time to fuck around figuring out which shitcoin to get involved in.
Ordinary investors deposit shitcoins in the bank for a fixed period of time and got 5% profit on principle amount.... is it sufficient ? But what if we were to invest in bitcoin! How profitable it would have been ! Actually there are many people around me who are investing in shitcoins. DCA is a method that is flexible for everyone, it does not put any pressure on the investor. Because of DCA investors like us are stuck in bitcoin. I look at our portfolio at least once a day and am excited. We want to increase the size of the store, for this we need to increase the savings, the sale should be excluded for the time being
Using DCA strategies in shit can be damn risky, just as sir JJG said they are not long term investments that have any fundamental and/or long term value. like that of bitcoin.
DCA is especially a different formula for Bitcoin, comparing it to shitcoins is debatable, as the two principles are different. But I need to get experience from both. DCA is the strategy that combines sound planning with long-term savings. This also suggests signs of encouraging Bitcoin holdings.
But at the end that particular shitcoin experience a great dip your losses would be much due to the quantities you have stash in your portfolio and most time there's high chances that it won't bounce back.
I couldn't agree with you, because even in case of shitcoins long term investment you will get more or less profit. Yes ... you can expect incredible profits by investing in bitcoin. Shitcoins can't even come close to that.
Generally speaking, shitcoins are in and out kinds of things, so you do not tend to advantage from holding them over the long term.. but yeah you never know, there might be some shitcoins that end up having some longevity. but that still does not mean that it makes any sense to try to figure out which shitcoin is less shitty so that you might get some performance that might largely just be paralleling bitcoin anyhow..
Investing on shitcoins is another means of waisting money on something that might not profit anything to the investors.
Most atimes, the intention and the longevity of some shitcoins is to make other investors to keep accumulating them because at that time they might be thinking that the shitcoins will last more like the Etherum.
But it's not advised to invest on shitcoins because of the way it pumps, many reasons why it pumps are to draw the hart of many investors to start buy them.
Again, there are still investors that do converts their Bitcoin to some altcoins because they see some fast bumps on the altcoins.
What I would add is that, no matter how much an altcoin is bumping it can never beats Bitcoin in anyway and I believes they all know that but they still makes the mistakes.
and so your reason that you want to get into shitcoins is to outperform bitcoin, and so yes, that is called gambling rather than investing.. and there are a lot of people who are tempted and distracted into such.. and sometimes it might even work.. but it still probably not worth the amount of stress to try to figure it out and to employ luck rather than sticking with the more solid investment, which is bitcoin... .
It's true that it's no more call investment but it's called gambling.
I have already said it even before now that any investor that's looking for a quick way to make profits with crypto currencies, wether Bitcoin or altcoins is trying to refer Bitcoin as a means of gambling.
I already believes that one particular things can never work for you the whole time. If it works today, tomorrow might be a very different thing, either in difficult ways or on an easy way.
So, again, if you are going to fuck around with shitcoins, if you at least limit them to no more than 10% the size of your bitcoin investment size (without cheating about it), then you will at least limit your exposure to them.. but yeah gamblers have difficulties limiting themselves.. so in the end, you are the one who decides your own allocations to shitcoins and/or your willingness to subject yourself to ongoing gambling and largely delusional and distracting ideas.
One main reason why gamblers funds it very difficult to limits themselves from gambling is because they are addicted to it, even if they are not addicted now but they are finding it very very difficult to limit them selfs from gambling that means they are gradually becoming addicted to it.
However, I see no reason why a bitcoiner will put their eyed on shitcoins. Bitcoin and shitcoins can't be compared and they all know that.
IMO, as many people have missed the dip from Bitcoin they thinks it will never come back soon that's why they try to lookout for shitcoins around the conners to put their money into.
Some, as they didn't buy Bitcoin when it was below $20,000 they don't want to miss other shitcoins that below $100 because out of misconceptions they believes sime of those shitcoins might get to the stage Bitcoin is today
which is a lie