Post
Topic
Board Bitcoin Discussion
Re: Why you should only hold Bitcoin
by
Shamm
on 10/05/2024, 23:19:58 UTC
I somewhat agree with what you've said. Bitcoin is the only "reliable" coin that you can hold for the long term. However, it doesn't mean that people should stop investing in other projects. A diverse portfolio is always better than hedging your bets on just one coin or asset. I also see potential in SOL, ETH, and other altcoins. Of course, research is crucial and you must not invest blindly.

Well it depends on the personal preference of each participant actually. Because if you are here long term like 10 or 20 years of investment, of course the most reliable digital asset that you can invest to that is available right now is Bitcoin. However, if you are just here short term so that you can play around with daily fluctuations then you can trade with major Altcoins like ETH, SOL, VET. Because there's no worry on it years from now. you're just there short term. You don't worry about fundamentals, you are just interested purely in possible 10x 100x or 50x of price of the coin short term.
holding your cryptocurrency for me is very important because I don't like a short-term investment a short time investment is like someone who is a looking for fast profit for it investment and that profit will not be mega as a we can see as investor so people that entered into long-term investment is people that make a profit so when you purchase and you hold for long time it is when you make profit and I prefer holding my Bitcoin than any other coin for long time

In long term investment we can make a good profit that can make us satisfied when it comes. Maybe we can wait for s couple of months or even year but still it is worth it.  Bitcoin is the most and trusted coin in the mm world of cryptocurrency so every one will not hesitate to  buy and we are all know that in the long run we got a good profit. Anyways always remember that once a project or coins promises that you can make a profit in just a few hours or days then please be vigilant and don't try to engage with them.