Quote from: Mayor of ogba on Today at 01:15:05 AM

Quote from: Cryptoprincess101 on September 17, 2024, 07:37:08 PM

Quote from: Sim_card on September 16, 2024, 07:12:14 PM

Trading is very complex and a new investor should avoid trading at all cost because it will make you run at loss and lose the little bitcoin that you bought. It is good for new investors to get started immediately and buy bitcoin with DCA method frequently weekly or monthly so that you can build and grow your bitcoin investment for the future in order for you to become financially buoyant.

Trading for a beginner or a newbie can be very problematic because they lack experience and exposure on how trading works and even if they want to consider trading due to what a trader must have told them but they should not trade Bitcoin, they can gamble other
shitcoins and trade with amount they afford to let go if the market goes sideways then if they are lucky to make profits while trading it's fine then they can take their profits to invest in Bitcoin

Since there are so many shitcoins in the crypto market, the accuracy to spot the shitcoin that will do well is less, which makes it even more dangerous to trade shitcoins over bitcoin because shitcoins can easily reg pull and you will lose your money at a go. When you are trading bitcoin, you can only lose your money in bitcoin when you fail to hold it for a long time and sell it at a loss. If trading is good, trading bitcoin would have been better than shitcoins because when bitcoin dumps, it always gains back, and we have seen bitcoin do this countless times. Advising a newbie to trade shitcoins is not the right thing to do; it will only distract and delay that newbie from accumulating a good quantity of bitcoin on time, because that newbie will use part of his bitcoin accumulation money to trade shitcoins, thinking that he or she will make money from it and not knowing that he or she is just wasting his or her time and resource in shitcoins. It is always good for a newbie to only concentrate on accumulating bitcoin for the long term and also work on his income source if he or she has a shitty one.

Let get things straight here, shitcoins are for traders, those putting their energy into it are nursing a traders mindset because most of their activities is only for a very short term, they invest expecting a pump in the coin, take out their investments and profits and most times never return.
Prioritizing shitcoins is synonymous to prioritizing trading over being a genuine investor.

We may want to separate trading from investing. Because the duo is hardly simultaneously executed without the investment suffering a setback. Trading is d like gambling and I'm yet to see a dedicated gambler boasting of genuine savings at the same time. So it is for those gamblers integrated into the world of shitcoins. I'm yet to see any of them properly following their Bitcoin investment with commitment and efficiency. I have them among my friends and they make a mess of their investments regularly. That level of multitasking is hard to find and almost doesn't work, so it should be discouraged. Investors should be well focused on Bitcoin accumulation and ignore shitcoins involvements for efficiency and increased dedication to their investments.