Quote from: Mayor of ogba on October 11, 2024, 02:02:15 AM

Our main focus in this buy the dip and hold thread is about bitcoin, and mentioning another coin, such as altcoins, will only distract us from the main discussion of this thread. It will be better if we only discuss bitcoin here. And fuck whoever still doubts bitcoin, the person doesn't know anything about bitcoin or understand the benefits that come with holding bitcoin because if he does, he will not choose to invest in altcoins over bitcoin. If you have accumulated the amount of bitcoin you want to hold for your long-term purposes, it is not even good to diversify your investment in altcoins. After you have accumulated the amount of bitcoin you want to hold, it will be better to diversify your investment in real-life investments, such as real estate, or you can be selling commodities.

Of course we can mention altcoin when we want to give example of short-term investment that has impractical end, newbies or intending investors should be targeted audience that are supposed to be put through on this, old folk here already know what altcoin is capable of doing to their investment plan and that's why I think that any old folks going that lane already knows what's at stake so anything that happens along the line he /she should be bear it, they newbies need to know that altcoin and shitcoins are not good for investment and thats why we need to continue stressing on it but not the other way round, am always concerned about new investors because they hear and see different things from the social media by influencers and the only way we can help many of them to reshape their mindset towards what they have believed already is to keep sounding it if the need arises.

Buddy you don't say fuck them because most people don't even know what they want, they only concentrate in quick money stuff that may not end the way they planned it, also some people are so dumb to the extent that they can't differentiate between a trusted and untrusted investment, these set of people just concentrate on wanting to make money without considering whats involved, as far as digital asset is concerned, bitcoin remains the only asset that has potential of benfiting its investors if they abide by the rules and the process of achieving the long-term goals,

When I hear people talk about diversification I laugh, although am not against diversification but it would have been better for some people not to deceive themselves by talking about diversification when they already know that they don't have enough Bitcoin in their portfolio, instead of saying they want quick they keep confusing themselves, if people must diversify, I think it should be when they are sure that they are satisfied with their hodlings and they should diversify to meaningful assets not some shit kind of stuff.