Quote from: Justbillywitt on Today at 02:30:37 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.

How can a newbie understand what you are saying? A newbie who is new into bitcoin investment should never be encouraged to trade altcoins and use the profit they generate to buy bitcoin through DCA. This is just like sentencing the person to death. What's the guarantee that they are going to make profit by trading altcoins? Why encouraged people to do something that you know the risk is very high and has every tendency of liquidating someone within hours. I don't support the idea of investing a penny in altcoins, there is no further in it.

Well some of these newbie won't really understand till they have witnessed the effect and risked involved in trading altcoins (shitcoins) first hand by themselves. For me I think it's really crazy and it's also like telling someone to go and gamble then after gambling use the profits that you might get^probability because there is even more chances of you losing everything in that shitcoins trading because some of these projects are actually control and pumped by the so called project owners, I believe as a newbie what you should be open to is actually the basis of starting an investment which involves a good paying job, patience and the DCA strategy plus the fact that you ought to be discipline for you to be able to keep up with the actual DCA strategy.