Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Odohu
on 19/07/2024, 22:30:03 UTC
The reason why people are still investing in shitcoins instead of Bitcoin is because they feel shitcoins are more fast in growth than Bitcoin and they have may be seen one or two people that has made money from some shitcoins
People are investing in shitcoins just because of the crazy profits in shitcoins, and it doesn’t always go like that, it’s very difficult to get shitcoins that will give a massive profit for now. You might waste money to invest in like 5 shitcoins, and all won’t pump. Instead of wasting money to invest in those shitcoins, it’s just better to buy and hold bitcoin. If you can hold it for long term, you're going to make massive profits from bitcoin.
This same idea of crazy profits is the reason people think that shitcoins is a way out of poverty. Imagine a newbie following our discussion and seeing that it is possible to get crazy profits in shitcoins, that word will stick in their head and will propel them to give it a try due to their curiosity being aroused. At this point, they no longer care about the risk involved as they will see it as worthy of the potential profits they expect to make.

Inasmuch as this thread is all about Bitcoin, we should endeavor to remain within the discussion. The encouragement to continue the buying is all about Bitcoin and nothing else. Emphasis must be made that shitcoins is just too risky and must be avoided at all cost.

Most people don’t have patience to hold, that’s why they are always going to coins that they believe will give a quick profit, but at the end, they do end up losing their money because they will invest in the wrong coin.
Every business require strategy, so for investment in Bitcoin, the strategy is long term investment and anyone not willing to following this process is simply gambling with his money. Going to shitcoins because one does not have the patience to hold is a very costly mistake. Bitcoin is enough for anyone who is willing to invest and allow his money grow with time. It is not always about spead because the journey is a marathon and not a sprint.