Quote from: Rabata on Today at 02:30:10 AM

Quote from: barisbilgili on July 25, 2024, 05:22:59 AM

Quote from: letteredhub on July 24, 2024, 10:14:26 PM

I think 99% of discussion about crypto investment in this thread is about bitcoin as the best cryptocurrency to invest on. Any newbie that is wise enough would be able to make the good choice of choosing bitcoin after reading all that have been elaborated on this thread. Seeing how some users come here to talk and want to paint altcoins in a way that it should look attractive is very laughable because altcoins has no long time plan investment lifespan, they are known for pump and dump, rug pulls, and exit scam etc that's why people won't stop losing money with them.

However, that doesn't mean that Altcoins are a bad choice, there are times when Altcoins can produce much bigger profits, but again, as I said earlier, everything depends on the risk and what you need to know is that every possible profit will be worth it with all the risks involved faced.

If the value of a coin is lost after a long -term holding, that is worthless and kill time. In investors will face financial loss. Bitcoin is the only coin where an investor may not benefit in the short term, but he must get big returns in the long run. In the case of Bitcoin, if we see a new height every four years, it will definitely make profit. But there is no guarantee in the Altcoin. Moreover, there is no limit for altcoins and this type of coin is increasing everyday. So to keep investment safe, there is no alternative to invest in bitcoin. It is best to hold Bitcoin according to the ability. According to the condition of the market and depending on the investors ability, if anyone invested in Bitcoin by doing regular DCA, he will be profitable with in few years.

The only altcoin that do not have the chances of loosing value are mostly some of the top altcoins we already have in the market. Anything more than those, get to be under probability while investing, that doesn't keep the investor at peace because he never knows if the altcoin could worth more while holding or reduce to a point where even recovering back the invested amount is impossible. Bitcoin offers this comfort, no matter the price reduction, there will definitely be a good bull run and profits is made.

Profits do not only depend on the kind of strategy used, DCA or not as long we buy and hold Bitcoin, we must make profits by the end.