Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Spaceman1000$
on 18/07/2024, 09:21:44 UTC

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.
When you really want to focus on bitcoin why should you bother learning altcoins as a first step because in the end it will be different in terms of goals. Although they are in the same scope but that does not mean everything can be equalized buddy because bitcoin and altcoin are different so why learn altcoin if the goal is bitcoin because it will not connect and will actually add to your work because you have to learn bitcoin again from scratch.
If a person is attracted to altcoins when they want to learn about Bitcoin, I would say they are going in the wrong direction from the start. If you want to focus on Bitcoin, what other coins are there? I don't think there is anything to learn from altcoins. We can consider altcoins as gambling tokens. Although some tokens may give good profit but they have no reliability in long term. Even being a top altcoin can turn into a scam in the long run as there are many examples in the crypto space. While there are various alternatives to altcoins in the crypto market, there is no alternative to Bitcoin. While no guarantee can be given to an investor in the short term, Bitcoin can guarantee guaranteed profits in the long term. Investors who are aware of their investments should definitely plan their plans with Bitcoin.

Newbies should be careful especially with new coins. I think everyone new or old should avoid this Altcoin gamble. Because, even though the new Altcoins are often highly profitable, they are very risky to invest in both long-term and short-term. Sometimes Altcoin investing will burn you out. From this point of view, Bitcoin can be said to be very trustworthy. Bitcoin is the leading crypto asset. It has been rewarding people's trust for many years. It is very easy to profit from long-term investment from Bitcoin. If one is tempted to invest in other cryptos outside of Bitcoin, one should do so at one's own risk, no one in this sector will give you positive advice.

Much better for them to erase any thoughts of investing on new coins since they are just wasting their time,effort and money there.

Would be more ideal for those people is to spend time learning about bitcoin investment like hodling since more realistic gains provably would came up to them. Spend their time on discussions which could able to help them to learn about other useful matters also they could able to learn about strategies which they could able to use to make their accumulation became more better. Actually earning for long term is  not easy knowing market  conditions could give stress to some investors. But if they are consistent following good discussions and try to execute well their strategy learned then provably that they can generate good profits for their hodling decisions with bitcoin.
I have been confronted by few people who still claims investing in Bitcoin is a total waste of resources, not because they think about funds getting lost, stolen or total price drop but only for them comparing on how much the would have made if the funds could be diverted into separate Altcoins. Many claims even with the risk factor in these Altcoins that having them in different cryptos would guarantee their chances of getting that huge ptofits, with the motives of if one should fail then as many they could put there funds into will serve as a backup.

My whole point is that most persons are currently too in a haste to make as much profits within a limited time, which has dragged more of their attentions into Altcoins that is applicable to cause more harm than good and I feel they should be left with whatever they feel is right till the results is out.
Going by those person's analogy just as you've juxtaposed, my question to them is, what is the sustainability of those altcoins they claim to have diverted their funds into, because instead of separating your funds into coins you're not sure of the project durability, why not just fuse your funs into Bitcoin that you know you have 99% of its return in investment in a long run.

Taking risk is not a Juicy choice you would want to take without carefully calculating the factors that will guarantee your success on the risk that is taken. Even on the short term investment plans they normally use as excuse to invest in altcoins, we've seen a lot of times that those altcoins don't yield into anything even on short term basis.