Quote from: Lida93 on July 16, 2024, 02:59:45 PM

Quote from: Ishicryptic on July 16, 2024, 02:14:57 PM

It is very important for newbies to ask questions from experienced crypto holders and learn to carry out research before buying any cryptocurrency including Bitcoin. It is very necessary so that they will not make avoidable mistakes of not knowing the importance of securing their private keys and understanding that there are many scam projects in the crypto market. Although Bitcoin is safe to buy and hodl but altcoins requires both newbies and experienced people to research any altcoins that they want to buy, to avoid investing in shitcoins. Many new projects are being launched into the market so every investors needs to research first before buying so that they will not be bag holders of dead coins.

By mentioning altcoins as an option in this thread for any investor it makes one thing clear that you are not following with all the knowledge that have been shared. Altcoins are a waste of time and funds risking whether for short or long term holding because it's all shitcoins or rug pull projects that are out there in the market. Researching on them doesn't make a difference. And I wouldn't advise newbies to go near any altcoins as they plan to invest into crypto . Bitcoin remains the only best and safe coin to invest in and raise a good portfolio especially if you plan on DCAing.

Defiantly, invest in altcoins refers to gambling. It should not be thought of as a pump and dump scheme. Altcoins may scammers' projects and there is no reason to risk investing money consciously. Bitcoin is different from all other coins. No investor will be disappointed if he makes a long term investment. Since the discovery of Bitcoin, all Bitcoin investors have benefited if they held their investments. But what about those who invested in altcoins during the last bull run? Which altcoin has surpassed the previous high price? Here is the main difference. So investors need to gain awareness. It is his responsibility to secure their investment by investing in Bitcoin.