Quote from: Tmoonz on Today at 03:20:23 AM

Quote from: Kwarkam on Today at 02:31:53 AM

Quote from: Tmoonz on Today at 01:08:23 AM

Quote from: Kwarkam on April 11, 2024, 11:53:24 PM

I agree with you, sir. At the very least, before any one goes into Bitcoin , you should have an emergency saving, and yes a steady, reliable source of income, so you don't end up using your holdings prematurely to sort out emergency situations.
While there can be a lot of upsides to Bitcoin, remember that the downsides can be sudden and sharp. Also note that Bitcoin may have a higher chance of going to zero than many other assets. In light of this, it would be wise to limit your allocations to an amount you can afford to lose.

If you're looking to diversify your portfolio or are saving for a particular goal (particularly a short-term goal), Bitcoin may not be an appropriate vehicle due to its unpredictability.
In essence, what I'm saying is that firstly, before going into Bitcoin, you should atleast have a reliable source of income that can fund your investment, so you don't have to touch your holdings to handle emergent issues, and then, Bitcoin best fits long term investment, as in the long run the profits pile, but in a short frame, losses can be counted due to its volatility. I think I made sense .

In as much as you are right in few of your expression, I dis agree with you mate, with your Short sighted way of spreading negative messages about Bitcoin by sounding so crazy in your narrative of what you think Bitcoin is, Bitcoin is one of the best if not the best when it comes to the world digital assets class and has proven beyond every reasonable dout about it's potentials from history since it's inception or invention , Bitcoin is not as risky as some people claims or proclaim but he I don't give a fuck about what you think Bitcoin is, because Bitcoin has made a significant outstanding performance, which gives you total control over your money, enabling borderless transactions, offering protection against inflation, preserving privacy, and as well creating an investment opportunity, Bitcoin is a save haven, Bitcoin is a store of value and wealth . You don't have to be dump and refused /failing to see the beauty of the potentials Bitcoin holds.

Throwing shade on Bitcoin wasnt the whole idea of the post.
What I'm saying is that Bitcoin works better for long term investors.
And it'll be sad if you didn't get that part, mate. Also I implied the volatility of cryptocurrency in general when I said Bitcoin can fall, and all of that. Not necessarily that it's a bad investment choice. And making the said implication, is all with regards to short term investors.

You don't generaliz the use and meaning of the term cryptocurrency in terms of Bitcoin and other coins, it will be best specifications should be made such that when you are referring to Bitcoin just be specific and say Bitcoin because Bitcoin doesn't have the same principle of operation with other coins rather there performance solely depends on Bitcoin, or perhaps it is a Bitcoin thread where long term Bitcoin investment is the priority the reason why it dominates the thread. However, volatility is a factor of Bitcoin functionality which is inevitable for a new growing asset class like Bitcoin, but it is mainly a major problem for short term traders whose aim are just to maximize profits within the shortest time frame, whereas Bitcoin long term investment sees it as an advantage of accumulating Bitcoin without considering volatility especially when an using my stable process of dca strategy which could be weekly or monthly, for those worried about volatility the dca strategy is highly recommended as the advantages are too numerous the reason why it dominates the thread, volatility shouldn't affect our mentality because Smart investors takes advantage of it by buying more Bitcoin at a price lower than it's previous high.

This is the problem of those people doesn't know yet what they are referring on and they try to dive on something that they are still confused what to call it that's why usually they got caught up with wrong information towards what they are reading anywhere. Maybe he should consider to check back his current situation if he's really prepared for long term investment since he might be messed up everything if he's just been hyped with discussion but doesn't have any good plans towards their long term plans. If they are not ready for investing on bitcoin since they are afraid on its volatility and possible sudden fall then maybe they should not invest yet but rather they need to fill their heads with a lot of knowledge so that they are sure on every decisions they made and prepared for any consequences that might possible occur in future. We need to be smart on this since if we can easily get affected on some events then maybe we will fail for that.