Quote from: I_Anime on Today at 12:28:35 PM

Quote from: michellee on Today at 12:11:49 PM

Quote from: Tmoonz on April 05, 2024, 05:10:31 PM

Quote from: bitzizzix on April 05, 2024, 04:04:10 PM

And maybe because there are some shitcoins that are tempting, but if you don't do a thorough analysis and don't do it well and don't follow it from the start it will be in vain and very risky.

Come on mate, there are no amounts of researches that can be convincing enough to get involved in shitcoins, they are just there for distractions, Bitcoin has proven to be the best in all ramifications and there is no way we can make any form of comparisons or make it looks like Bitcoin irrespective of the level of researches and analysis. Don't forget that supply has a major role to play in the market, Bitcoin has a limited supply of only 21million, Bitcoin stability and entrepreneurship are far better than any other coins or is it about it's network effects and security Bitcoin are far better than then all, but however as JJG will always say that don't do more than 10% involvement in to shit coins as compared to the size of your Bitcoin investment which is a very nice advice at that. There is no degree of researches and analysis that will make shitcoins involvement any less risky as when compared with Bitcoin.

Even though shitcoins only exist to divert attention, they have given people the opportunity to own Bitcoin by trading Bitcoin altcoin pairs or stable coins so they can buy Bitcoin. However, Bitcoin has proven to be the best compared to altcoins, so Bitcoin is still someone's main investment target.

They can use shitcoins only for smaller portions or for daily trading while they invest in Bitcoin by accumulating it using DCA. They can use the profits from trading altcoin pair Bitcoin or stablecoins to buy Bitcoin. That is one way to own Bitcoin, and it can also be used to carry out the DCA method.

But we have to remember that using shitcoins has a big risk because we don't know which shitcoins can provide profits, even though we can analyze them one by one. Not many shitcoins are able to survive for a long time while Bitcoin has proven to be able to survive for a long time.

I know one can actually earn through trading , but trading is normally two ways one can either loss or profits And with too much risk attached to it . But one should not let his or her trading urge to affect their Bitcoin accumulation, in trading with just a slight mistake one can endup losing all his profit earn that period or even further lose all his capital in trading . That why I prefer to refer newbies to holding (Bitcoin) , because trading requires more time and skills before one can manage to be successful in it, while hodl once one have the basic knowledge of Bitcoin they can go into holding without more stress, maybe as time goes they would learn how to manage their holdings by having emergency funds and other related stuff. So even though you are trader and all that try as possible to have some stash of Bitcoin in your portfolio. And we advice that one should allocate more percentage of their earning , in accumulating more bitcoin.

Newbies should only focus on bitcoin, and leave shitcoins. Bitcoin is the main priority not a clone of it that, focus more on building a solid portfolio from the early start, buy, accumulate, hold as much bitcoin you can debunking every mindset of short term gain over long term range. As JJG will say accumulate the fuck out of bitcoin within your limit, this isn’t just a coin but a valuable asset one can ever invest in.

Using DCA, setting either weekly or mothly target will help dispense the weight. Trading is risky likewise investing. But holding minimizes your risk exposure, which for me is the proven way one can approach the bitcoin market.
But I won't utterly say anyone shouldn't trade, if you have a solid Trading approach you can trade, but newbies or novice shouldn't. I would suggest if anyone wants to trade he should have a different wallet for it, and shouldn't in anyway trade the bitcoin he is accumulating.

Nevertheless there is need to understand that including shitcoins in your investment plan, trading in the bitcoin market is not sustainable and involves big risks, only focus on what is trusted and build your portfolio, overtime you will be happy you invested in an asset like Bitcoin.
Act within your risk tolerance.