Post
Topic
Board Economics
Re: Prioritizing strong foundation over quick gains
by
Lanatsa
on 19/04/2024, 18:21:03 UTC
I wouldn’t advise that you take investments, especially one that requires you investing a large part of your portfolio in any other coin other than Bitcoin.
Quick gains are mostly attractive to new investors who consider that they should be able to make profit from cryptocurrency, just the way early investors in bitcoins have. These new investors completely forget the strong foundation that bitcoin has and go for new coins that they believe can blow up quickly for them to make maximum gain from. New investors who are always focused on investing in new coins will mostly be victims of pump and dump schemes.

New people in the system always think about quick gain in cryptocurrency but with the little knowledge I have gotten in cryptocurrency things are not done that way, I have always advocate for Bitcoin investment for newbies because of its trustworthiness, aside newbies falling victim, old folks also end up making this mistake, there are many new coins no doubt but one thing is for sure almost all of them are scam, the mining process and everything they do doesn't look transparent, bitcoin as the first cryptocurrency have laid a legacy and thats why it is advisable for any investor be it old or new to always think bitcoin but if we must diversify, we have to go for coins that have been in exchanges for a long time and it should be a well known project in other to avoid regret.
Whether they do like it or not, or even lets say that sooner or later they would really be making out those kind of realizations that its never been that good on having this kind of approach towards the market on which you would really be making yourself that in a hurry or in a rush on making profits or making money. Making yourself that delusional is something that you cant really be able observe or notice it out
into your dealing up with this market or whatever you are dealing with. Less knowledge and experience is something that could bring out that natural losses or missed opportunities due to this reason.
On the time that you would really be that making yourself that having that kind of learning then you would really be considering yourself that having that kind of progress.

Of course you would really be needing up for yourself to be that having a strong foundation since we are living in a world on which into those people who do find up ways are the
ones who would really be living or one to survive in compared into those who are rushing up on becoming rich. Sooner or later they would really be ending up on having
that kind of unfortunate condition which could cause up that devastation.