Quote from: Mayor of ogba on Today at 02:18:46 PM

Quote from: Yeesha on October 18, 2024, 07:44:21 AM

Exactly, Mr. JayJuanGee what you said is absolutely right, it is advisable for someone to use discretionary income if he wants to invest into bitcoin, gambling or buying shitcoins.

I will never advise anyone to adopt trading shitcoins because it is too risky to do that, and you will end up losing all your funds. As a newbie, you lack the right skills that would help you to gain litftle profit and scale through sometimes in trading, and for you to learn these skills, it will take you months to master these skills, and you also need to know if there is news that will influence the price of bitcoin to dip so that you will not open or enter a trade and save yourself from being stuck in your trade. Trading comes with a lot of stress and emotional damage. It will be better if you focus your attention on investing in bitcoin for the long term with the money you will not need for 4-10 years or more; this will allow you to hold your bitcoin for a long time because you will not use money meant to solve your daily expenses to invest in bitcoin.

Yea, its not ideal to even think of such, sticking to Bitcoin alone remains the best option, am proud to tell anyone anywhere about Bitcoin though with any form of persuasion because I believe in the long-term benefit of this digital asset, adopting altcoin or shitcoin is like knowing that you are going the wrong way and still you go ahead with it, trading is no no for me because I don't believe in an unrealistic short-term stuff, am a preacher of long-term investment in Bitcoin and it has always been my stand, the problem many people encounter is the quick money mindset, it has really dealt with many investors that has good investment plan from the begining, some people lacks Patience forgeting that its the only way for them to actualuse their goals as bitcoiners.

Trading should not be a discussion for anyone talk more of a newbie, I don't think anyone be it newbie or existing investor has anything to do with trading when we already know that the target of every bitcoiner is suppose to be for a long-term, though individual decision matters but talking about trade shouldn't be a discussion for me.
Yes of course it will be a good move for investor to invest the amount the can afford continuously steadily in other to have a bulky portfolio and hold for a long-term instead of thinking to wallow in something that may render them financially hopeless or hopeless as the case may be.