Post
Topic
Board Nigeria (Naija)
Topic OP
My brothers and sisters, why are we buying Dogs and Cats alternative crypto.
by
Preciousbae
on 07/05/2024, 12:22:17 UTC
It is becoming alarming how our brothers and sisters are investing into shitcoins all because they are trying to fight poverty that has turned this country into something else. I bought some Bitcoin after being introduced to it by my brother in law but also wanted to have another coins added to my portfolio as I know it is not always wise to have your investments only in one place but when I heard some suggestions from my brother in law, it was making me to laugh and wonder what people are investing into.

Why do we invest in a coin that the name isn't serious and a joke, why do we invest in a coin that the circulating supply of the coins is in trillions making it impossible for the project to have the element of a limited supply as Bitcoin has to make it more scarce to increase the value over time. Are we not graduate to know how supply and demand works, why do we like to throw away money. We are supposed to be investors in this industry and not gamblers. Please anybody that is thinking of investing in alternative coins should avoid all the dogs and cats project because they will fail us one day and we'll lose our money. I might not have much experience in crypto but I do have experience in finance and I know what will not be successful but only a mistake when investing, lets be guided please.