I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in the DCA method? Or investing in memcoins or sheet coins is easy.
You are in the right thread when it comes to starting your bitcoin investment. I can see you are a newbie, and I will advise you to use the DCA strategy in starting your bitcoin investment because it will allow you to consistently accumulate bitcoin without waiting for the price to drop. And since bitcoin is a long-term investment, I will advise you to use the money you will not need for 4-10 years or more to invest in bitcoin so that you will not depend on your bitcoin investment to survive. As for investing in shitcoins, I will not advise you to do that because you lack the experience and knowledge to spot the
right shitcoins to invest in, and you will lose all your money if you invest in shitcoins.
The term right shitcoin may sound some how misleading to newbie because they may perceive it that there are shitcoin that have the same potential as bitcoin or worth, so lt would be better we stick with the term shitcoin instead of right shitcoin to avoid any form of confusion why trying to distinguish between bitcoin and shitcoin and i would advise newbie to focus on bitcoin accumulation because there is nothing like right shitcoin , shitcoin is shitcoin and they can never be compare to bitcoin.
It is retarding how some people presume that some shitcoins are more shitty than the others shitcoins is shitcoins whichever way it is we shouldn't give any credit that some shitcoins are better than the others since they can not in any be compared with Bitcoin , it is a waste of time for any one attempting to figure out which shitcoins is better than the others, especially if we remember that they depend on Bitcoin for their performance, focusing on Bitcoin is just the best.
I agree with you that shitcoin is shitcoin because they are all duplicates of bitcoin and can never have the potentials of bitcoin.
Shitcoins are no duplicate to bitcoin neither do they have similar properties with bitcoin in any way, they stand on their own so when you are referring them do duplicate to bitcoin sounds as though you are giving them so potentials bitcoins have.
I looked at how bitcoin price was skyrocketing and looked at the shitcoins too, I realized that they cannot rise to the level of bitcoin price increase in % and that made we wonder why would people be so dumb to invest in such projects. In short, shitcoins will not last in the market and cannot be used as an investment, because they are better of for trading and gambling due to their short-term life span.
Some shitcoins do rise above bitcoin sometimes but what else do you expect from shitcoins other than pump and dump. As they skyrocket very fast, they also apply same speed when falling. Shitcoins not worth investing on, anyone who invest in them should bear it in mind they are at higher risk of losses.
If you think of investing, let it be bitcoin because it is for a long term investment purpose, and has the possibility of multiplying your wealth in future if you throw some value into it and gradually build and grow your bitcoin portfolio overtime.
For sure, Bitcoin is the ONLY true investment anyone can start and won't regret investing in it so far as they have long term investment goal since it's growth is more visible in the long run. Bitcoin is the steppingstone to a wealthy life and financial freedom if you can be able to make more accumulations and HODL for a long time.