Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Uhwuchukwu53
on 08/04/2024, 02:53:25 UTC
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.

Well shiltcoin like you said is full of risk, it's not a matter of  speculation about it danger to investor but has been proven through several instance that occurs as that can't withstand the market after listed to an exchange as their strength to push falls every day by day. For me one need not use the shiltcoin as alternative to accumulate Bitcoin because it's very dangerous as it could disapoint when your heart is already on it to position your in btc accumulation through it. One should just made up it's mind on focusing directly on Bitcoin using the DCA as the method is very easy to access the purchase of BTC.

But if I may say of anything shiltcoin for those who's heart still believe that they can be if better in future and always want to invest on it, the best way is to use your spare money that won't affect you when you loss it because is like taken a risk of gambling with odd you know is not reliable.