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Quote from: usekevin on May 02, 2024, 07:37:59 PM

The trader can use the option of make use of their savings into the investment.Because the investing their saving in the cryptocurrency was the wise for the current market conditions.Because the usage of the cryptocurrency was increased as like the stock market investment.So if the trading coin was the potential one means the demand of the coin will allow you make the bag full of profit.But the patience of the holding was the important one and spread your investment on various coins to get the profit at various points and to balance a trading losses in the bear market.

It is a Bitcoin thread and there no way any one can understand what you are talking about with the use of the term cryptocurrency, the only potential coin is Bitcoin and it is not wise approaching it as tradable coin. However, it would have been better to focused on Bitcoin with all the preparedness and have it up to reasonable amount before considering spreading out your investment which I will suggest a real life investment that is not Bitcoin related such as selling commodities, lands, gold which are more preferable compared to spreading out to other coins other than Bitcoin, but as JayjuanGee Will always say that you shouldn't do more than 10% size of your Bitcoin in ~~other that's if necessary~~ shitcoins in the event that you cannot resist but to invest into shitcoins.

FTFY

Since you were describing what I say, I thought that I would attempt to correct what you said.. since it would not be necessary to invest into shitcoins, but some guys are unable to resist the temptation to invest into shitcoins (and yeah maybe invest it not even the correct word since getting into shitcoins likely requires an in and/or out strategy, but surely there could be some guys who buy shitcoins and just want to hold them for long periods, even similar to how they are thinking about bitcoin, which seems a mistake, but some guys will come to those kinds of conclusions or be tempted into getting into shitcoins based on their talking points or whatever)...

so if they are able to at least have some kind of a shitcoin limit they might be in better shape than many of the guys that I had seen in 2017 (and yeah even later times) that would say that they were all into shitcoins or that their bitcoin position was only 10% or 20% of their shitcoins, which really sounds dumb now, and to me, it even sounded dumb then, but a lot of guys were either not investing at all into bitcoin, or they would ONLY have a relatively small bitcoin position since they were feeling as if they needed capital for the various shitcoins that they were fucking around with. .. Of course, not all of them ended in disasters, but gamblers don't tend to tell you about their losers.. hahahahahaha

It's not necessary to go into shiltcoin leaving your BTC at the range of 10-20% why shiltcoin takes over 80% it's very unwise such investor lack future focus and may be difficient in knowledge about the market, many run into this shiltcoin because it's cheaper for them to invest i don't see that is a result that shiltcoin has any value that Worth more than BTC, if one have the feeling of diversifying his investment or feel to trade with shiltcoin it better is fine as JJG has always given guidelines lunching deep to hold it long time is very bad and the risk can curse more harm than any because one may end up lossing the whole thing, it's best one see the profit withdrawal with the short time before the market turn against them, but running to invest on shiltcoin because of its cheap nature is very unwise the worst is to hold long term it show the investor is lacking behind in knowledge.

JJG has been pointing out in the past that this is completely risky, and the majority of investors who have experienced losses in the market have been ShitCoin investors. What those who want to invest don't notice is that FTX and Lunacoin have been destroyed in the market and have left all investors facing losses. At that time massive investors also committed suicide so these things happen in 2022 if history is made. So every investor must remember that as a long-term only I think Bitcoin is suitable, and all other Altcoins are not suitable for long-term investment. So I will always recommend investing in Bitcoin and I myself have invested in Bitcoin and it is long term.

Luna and and FTX is really a good coin before and many think about there's good future to come with this coin as they got a lot of holders. But one issue came and there's a lot of people been liquidated on bad event happen on their ecosystem which result to many people lose a lot of money from this. That is one of prime example that we should forget to think about investing on those altcoin but rather we should focus ourselves to do DCA on bitcoin only. Its hard to test to waters since for sure those people who keep investing on those shitcoins will regret and will say that if they just invest their money on bitcoin they could still able to enjoy all their balances stored which have big potential to gain in future. That's why I understand those people who's angry on those shitcoins and always try to correct the mindset of people about their shitcoin investment since they really need to realize that those type of crypto is just a waste of time.