Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
I_Anime
on 10/04/2024, 11:21:34 UTC
I also buy the same sentiment as you bro, most newbies don't know that as long as the crypto industry is concerned, their is nothing to diversify, their is no substitute to Bitcoin, because all this alt and shit coin that are popping out every day are just things most of this people are creating to milk investors of their hard earned money.

IMO there's no point of thinking of diversification as an Bitcoin investor who haven't gotten enough Bitcoin stashed in his portfolio, because you diversifying when you are still in your Accumulation stage would reduce the rate of one accumulation. Because you will have to allocate some percentage of your earnings in the certain project you might have taken, for the purpose of diversification ( when you should have focus such percentage on your Bitcoin accumulation). So such act won't be encouraging at all , but in a scenario where one have gotten far with his Bitcoin accumulation he may choose to diversificate his money into another project, and trust am not talking about some shitcoins . May something nice outside this space would be nice  Wink

All my time in the crypto industry, I have come to understand that aside Bitcoin, you will eventually get burn at some point, and one thing they normally use in enticing newbies is their crazy returns, but someone that have gotten a good knowledge of Bitcoin will never think of investing in anything other than Bitcoin,  because it's the real deal.

Newbies that are thinking of jumping into trading due to encounting some pages in social media showing off their wins, such users would endup wasting Their resources in trading and get themselves reckt eventually. So to avoid any form of misleading just focus on your bitcoin accumulating while you keep holding for long-term investment, because bitcoin is all about the future.