Quote from: Taskford on September 12, 2024, 12:30:25 PM

Quote from: Tmoonz on September 12, 2024, 04:50:28 AM

Quote from: SuperBitMan on September 09, 2024, 06:28:37 PM

Yeah Bitcoin is not like shitcoins when ever there's a fall in Bitcoin price one don't need to panic because it will surely increase in price it may take time but it will increase unlike shitcoins, a lot of people has lost money in shitcoins because when it falls it will be the end of it some shitcoins are created by scammers.
When investing in Bitcoin one should go for a long term investment since it may take long time for Bitcoin to grow, a fall in Bitcoin investment is an opportunity for people to accumulate more, one with the history knowledge of Bitcoin won't panic when there's a dip because is part of Bitcoin, there has been dip in past in Bitcoin but it didn't stop Bitcoin growth.

To me it doesn't really make sense that you are trying to give certain credibility or making some shitcoins very special and it can be very misleading especially to newbies coming to the space, this is one mistake some newbies does when they come to the space by attempting to get involved with a shitcoins and when things goes wrong along the line they generalize their functionality with Bitcoin whereas they differs. However, if anyone can not overcome the temptation of getting involved with other coins other than Bitcoin is is always advisable not to do more than 10 percent size of your Bitcoin investment in other coins and of course this advice is not for a newbie who is just coming to the space who's focus should be more on accumulating Bitcoin with preferably the dca strategy.

Some newbies got interest to join its because they had been introduce on shitcoins then get a promised to earn huge money from it. But its to late for them to realize that everything on shitcoin is a lie especially if they already lose their money there. Those experiences indicates that newbie should not go on that type of investment since shitcoin market is so risky for them to try.

Bitcoin is somehow the easiest investment for them since they could just do DCA and accumulate. By doing this it lessen the pressure to lose their money and they could get better potential to earn a decent profit in future. Bitcoin is newbie friendly investment so hopefully they would know that this is more better choice rather than wasting their time on random shitcoins.

Newbies who learnt earlier about the difference between bitcoin and shitcoins either from this space or somewhere else will not fall victim. The major reason why shitcoin investment keeps spreading is because newly investors come and invest daily unknowingly that they’re risky their money or else I see no reason people still invest, knowledge is needed for anyone to invest in the right coin and bitcoin is good for investment. Bitcoin investment choice is for all basically for long term.