Post
Topic
Board Bitcoin Discussion
Re: Altcoins are sucidal!!!
by
Ale88
on 19/10/2024, 16:39:42 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 think that investing in altcoins is part of the process, it's difficult to find someone who, at a certain point, didn't buy some altcoins with the hope that they would outperform bitcoin. And it happens, it's not easy to find the right ones but it's possible. I don't blame those who decide to take this risk.
Of course bitcoin in the long run is the best and safest choice, just a small part of money should go toward altcoins.