Post
Topic
Board Bitcoin Discussion
Re: Altcoins are sucidal!!!
by
JamesDaniel90
on 29/08/2024, 12:02:45 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.


I have been in crypto just over 2 years and 90% of the time i have been invested in altcoins.

I am just a normal guy and don't have a lot to invest each month so for me the risk of altcoins is worth it - I am not going to 10x or 20x my money with Bitcoin anytime soon but with altcoins this is easily possible.

Looking at my portfolio, I have a few that are currently 60% down but I have hit a few winners giving me 10x and one which gave me a 30x so I am in profit currently overall and we still have the bull run peak months to come over the next 6 months or so so things are looking good.

Bitcoin is great if you have a lot of money to invest, my plan is to use quite a bit of my altcoin profits I make from this bull run to then invest in Bitcoin in the next bear market in 2026 and then hold till 2030 at least.