Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Frankolala
on 02/02/2025, 14:26:35 UTC
It would be very wrong if there are people who still have the mindset of buying Bitcoin to sell it again in the near future just because there is a slight increase in the price of Bitcoin. Although the person may have bought Bitcoin at a low price, but if the goal is not for long-term investment and only wants to take a small profit like a trader, of course such an action will not provide better benefits for him.

Because Bitcoin is always better stored for the long term with a much greater profit target and this has been proven many times through the four-year cycle that has occurred in Bitcoin, so what are you doubting? As for altcoins themselves, I do not recommend that they be stored in the long term and are indeed worth trading in the short term for any profit because the profit can also be used again to buy Bitcoin.

Of course the main foundation of investing is that our personal financial goals must be achieved and not all must always take long-term investment positions and become speculative traders but try as much as possible we must be able to take advantage of Bitcoin's momentum for the long term. for fake altcoins of course not but if it has a use case and fundamentals like the familiar ones we observe such as Ethereum of course it is highly recommended by many people in this forum.
Shitcoin is shitcoin no matter what people say about them. Also your statement can be misleading to newbies for them to think that Etherum is good to invest in, which is not true. Only bitcoin is unique and has the power to transform your purchased bitcoin overtime into something of big value, because it's still growing and is a store of value and a hedge against inflation.

Newbies should only invest in bitcoin with part of your discretionary income every week consistent and persistent DCAing for 4-10 years and above. Focus on your bitcoin target and keep your bitcoin accumulation ongoing overtime. There's no hope with shitcoin(Etherum) but there is hope with bitcoin in future.

Don't gamble with your funds by investing on shitcoins because you will regret it.