Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
adultcrypto
on 26/07/2024, 04:00:26 UTC
Alternate cryptocurrency is a good investment but it must be in a reportable coins otherwise any shitcoin that doesn't possess the quality of can be easily a waste of investment such as newly listed tokens in the market, that is why many people prefer using their hard earned money to invest into bitcoin to secure their investment. We know that bitcoin is volatile but the volatility of altcoin can't be compared with bitcoin hence is possible of losing its value at any given time and anymore moments.
I will never support investment in altcoins because I have seen the risk involved which to me should be avoided. COme to think of it, I think you are mixing up something which make your entire comment sound like equivocation. How do you place altcoins and investment side by side when we know that anything other than bitcoin is very risky. Secondly, at what point do you think we can call an altcoin shitcoin because you did not provide a guideline on how to measure the reputation of the altcoins.

Altcoins don't act like Bitcoin that it's dump is an opportunity for investors to buy at a DIP price before the price skyrockets as in most cases when an altcoin starts dumping, it's for real and due to the fear of not selling at a lost price most people that invest in it end up losing everything. I was lucky to have been advised earlier by a relative who lost about $5k on altcoins which is a huge amount when converted to my country's currency, he advised me that I shouldn't be enticed by the huge pump of some altcoins that I should only focus my energy on Bitcoin because he has been a big time victim to altcoins and he wouldn't like anyone close to him to experience same thing he did. Ever since he gave me that advice I have always sticked to Bitcoin alone and I can never consider investing on any damn fucking altcoins or shitcoins other than Bitcoin.
There is a popular phrase people using in my city especially when they want to advice a stubborn person and that is "experience is the best teacher". If you read it for what it is, you will not get the true meaning because it is figurative and the true meaning is like telling the person he will learn the hard and bitter way since he has refused to take instructions. This is the same statement I am using for those who are bent on investing in shitcoins because a lot have already been said about the dangers of such actions, maybe when they lose their funds they will learn.