Someone introduced me to a certain shitcoin years back and told me how a lot of people has made huge amount of money for investing in all manner of shitcoins, so I invested in it and as time goes I was still holding that shitcoin but I lost my money because it dropped in value I later discovered that the creators of the coin sold of all the coin they were holding and they were the highest holders that was the reason why the coin dropped till date the creators made huge amount of money and we the investors lost.
It was later I knew about Bitcoin and I did my research and discovered how good Bitcoin is.
I saw all this and I knew Bitcoin was the right investment to go into, going into shitcoins investment is just gambling your money and it may lead to you being frustrated and depressed I know of a man that even lost his life when he heard the news about the shitcoin he invested his life savings in has lost value and may not even regain.
Lots of us here have made such mistake in the past, by buy and holding shitcoins all in the name of making huge profits or maybe due to hype by paid influencers on social media, in my own case i was airdroped a particular coin and also bought it after a while when I noticed few pumps by the owners but then after a while I watched the coin I was holding dumped rapidly before I could realise I lost alot and was very disappointed. That's the difference between other coins and Bitcoin, most of them are pump and dumps and are not good for investment purposes (buying and holding) Bitcoin is the best Cryptocurrency that suits that category it's the best Cryptocurrency when it comes to investment and even when it dumps people who invest in it can still recover their lose so far they're using a good investment method like the DCA, which enables investors to recover lose so far they follow it's concept of buying periodically. It's good you made your research and it's helped you correct your errors and instead of investing in another coin that would pump and dump, you've realised that Bitcoin is the best for Cryptocurrency investment. Goodluck on your investment journey mate.
Social media has really messed some people up not only by convincing them to invest in shitcoin but by also making one lose everything they have in their wallet more especially newbie. Some weeks ago a friend of mine lost everything in her wallet just by clicking on a link they said she's going to make a lot of money and this look so good to be a lie but because she's still new and she thinks that's how she's going to turn rich in a twinkling of an eye not knowing she's going to lose everything. We should be very careful on what we see or hear online even offline.
securing your Bitcoin holding and avoiding anything that will lead to your Bitcoin getting into the wrong has is as important as avoiding buying and holding some altcoins. What shall it profit you if you become reckless while buying Bitcoin and you refuse setting up means of protecting and ensuring that you avoid links that's going to lose a threat to your holding?
As long as you're in for the long term, you have to avoid doing even airdrop because that's one of the easiest way scammers are currently using to steal people's coin. If he stored his Bitcoin holding in a cold wallet, attacks like this wouldn't have worked against him.
The same way if you don't set out emergency fund you technically expose your Bitcoin holding to being used is the same way if you don't set the right security measures in place, you might end up accumilating your Bitcoin only to allow it taken away because of a simple security bridge.
DCA is important, Lump same is also important and even doing them for the long term is equally the best but when you do all these and neglect the security of your Bitcoin, yiu will end uo sowing only for another to real it at the end.