Quote from: Gozie51 on Today at 12:03:57 PM

Quote from: Marvelockg on April 14, 2024, 02:48:40 PM

Pursuing of quick gains will only push you into getting involved in get rich quick schemes and activities that only guarantee short term incentives and wouldn't allow you invest and develop yourself. It's one of the reasons why people prefer to diversify thier investment into meme coins and other short termed project because they are just after possible immediate results rather than focusing their investment in an asset like Bitcoin that's known to grow steadily overtime or alternatively investing in themselves which is a sure way to increase your value in the long run.

I see your point here on trying to invest in long time so that profit in the future can be achieved but cryptocurrency is not to be considered as such investment. Both meme coins and Bitcoin are all under cryptocurrency and they have almost same characteristics in terms of profit and losses. Cryptocurrency is known for profit during bull and so what happens after bull is bear. During bear, no crypto is likely to be profiting so the difference between bitcoin and meme coins is that they may be valueless while btc retains its unit but profit may not be reached but depreciation of price. So at this point btc is also not profitable and it means the investor has no profit to him. Therefore, I don't think bitcoin will be the best type of investment that you are referring to. You make profit in Bitcoin but it is after a long while in hodling except you are luckyly trading it.

Yes, because if we talk about future investment, what is more profitable is buying a lot of gold for future savings, because the price of gold will continue to rise, with bitcoin, sometimes it goes up, sometimes it goes down, so if you invest for the future, buy a lot of gold, if it's bitcoin It could also be for the long term, but it's uncertain, we'll be smart enough to monitor the price of Bitcoin going up or down, because in the world of entrepreneurs, they prioritize quality over quantity, even if the profit is small but the goods keep turning over, it's better than making a lot of profits but the goods keep turning over for a long time, That's what is meant by strengthening the foundation first and then making profits. Over time, profits will definitely increase if our foundation is already solid, it's also called that in the world of entrepreneurs.