Quote from: Obim34 on Today at 03:13:25 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 will not think I'm wrong judging from your own perspective as stated, you mean it is advisable to first fund into shitcoins as a source to increase one's investment funds before purchasing Bitcoin, I would not support the motion, knowing fully well even on the process of generating more returns through trading, their is higher chance of blowing out the funds during the process, why then should it be considered an option?

I agree with you because bitcoin only teaches you to make this investment in bitcoin, here is a waste of time investing in something else or trading. People who are used to trading enter the market with a short-term mindset and may exit with some profit, but this process is destructive to the business in the long run. It should be understood that short-term trading does not go with Bitcoin. DCAing is an ideal strategy to generate positive returns on your investment. But if you have extra funds it may be reasonable to dip with Bitcoin so that you can live comfortably and longer.