Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
SmartCharpa
on 23/01/2025, 11:41:27 UTC
Bitcoin is not a get rich quick scheme. You must wait a long time to succeed from Bitcoin. If you ask Bitcoin to give you quick profits like Altcoins, then you will be wrong. Because Altcoins are like gambling. It is absolutely impossible to say when it will happen. You may win from Altcoins at some point but your money is at risk. Here the chances of losing your money are higher. In the long run, it may not give you a big benefit or you may lose everything.

But the chances of you losing from Bitcoin in the long run are very low. I think Bitcoin is the only digital currency from which the chances of getting profit are very high for long-term investment. All types of investments have risks but it is less or more. It is better to invest in Bitcoin than to face the risk of losing money by investing in other digital currencies in the long run. The chances of losing are slightly lower here.

I don't think I will ever consider Bitcoin to be a risky investment because long-term investors never lose money. Those who seem to have lost money on Bitcoin investments are those who made short-term investments, and you can never see someone who is an expert in Bitcoin investing make short-term investments. These people are either ignorant about Bitcoin investing or think it's an easy way to make money.

Of course, one should stay away from shitcoins because they are risky and can make you rich while also making you poor, which is why it is not a good idea to gamble with your money. I would rather advise newbies to stay away from shitcoin and concentrate on Bitcoin, saying that Bitcoin investment involves no risk, but patience is required because it is not an investment where you can be impatient and sell because of the market change.