Post
Topic
Board Bitcoin Discussion
Re: Altcoins are sucidal!!!
by
Wakate
on 29/08/2024, 22:23:39 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.


Thank you for your comprehensive output this but I don't think many of us would want to acre about your write especially when they have been making some profits from investing in altcoins. I don't really see anything wrong with our part of your funds in altcoins because one can really make quick money from it compared to Bitcoin. The major problem that we face as investors in both market is because altcoins could suddenly become rug pull without even our early awareness. This could go bad anytime and all our holdings could run down to zero. There are so many bad projects in the market that had made users to lose so much money because the team are never genuine, only in the crypto market to steal from investors.