Post
Topic
Board Bitcoin Discussion
Re: Altcoins are sucidal!!!
by
Peanutswar
on 28/08/2024, 14:37:13 UTC
so many people prefer investing in shitcoins just because it offers higher growth potential than Bitcoin.
What they fail to understand is that , investing in altcoins carries a lot of risk and you need thorough research before making investments decisions, if you've taken the decision to invest in Altcoins then get ready for potential looses.   I'll also advice you never use your all to invest!

Bitcoins advantages makes it a reliable store of value and medium of exchange.
The price of Bitcoin has really swept people off their feet, I mean imagine if maybe ten years ago you had a good amount of Bitcoin and you decide to hodl .
Imagine how you'd be now!
So the best thing is to use the DCA investment strategy in Bitcoin rather than investing in all this shitcoins.

The reason is because if you invest with the bitcoin even it has a large amount of gain and you have a small amount to invest its just a small percentage of your asset, but in altcoins people tend to try to risk their small amount and hoping it will gives to them with a huge profit, its just basic simple of high-risk reward, could be they win, or they lose because possible the project fails, it rugs, honeypot and etc. there's a lot of possibilities. Others want to stick with the bitcoin because they see already the potential and the history itself and the bitcoin never fails to give what people expect through out. As of currently the halving is done the next price of the bitcoin possible will rose up again for sure altcoins will follow so why not accumulate both.