Quote from: Agbamoni on April 08, 2025, 01:04:46 PM

Quote from: maydna on April 08, 2025, 11:27:31 AM

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Research or no research, no altcoin comes close to Bitcoin when it comes to long term investing. That one's mistake people do, after investing in bitcoin for some time and then they witness significant price drop in the market they quickly want to jump into shitcoins thinking they will find what they are looking for there. I kept wondering if they really wanted to invest in bitcoin or they were forced to do so because everyone has the right to make their own decision in investment for them to choose Bitcoin, they must have understood how it works. Maybe they dont believe in the volatility nature of bitcoin.

Yes, they are tempting to invest in altcoin because what they see in social media. They don't think that the altcoin will be different than Bitcoin. If they can hodl their Bitcoin and not sell and not change into altcoin, they will have a chance to make a profit. They do not research about Bitcoin investment and only tempt from other people say so that will make them getting hurry in investing in crypto. We already have seen this from them and even some of us made this mistake before in our beginning. But if they can realize that Bitcoin investment will be the best for them, they will not allocate too much money in altcoin instead just use Bitcoin investment.

Quote from: Muba20 on April 08, 2025, 08:28:25 PM

Quote from: maydna on April 08, 2025, 11:27:31 AM

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If investors cannot come to the right platform, they will make mistakes at the beginning. There are many investors who try to invest in altcoins to get quick profits. But at some point, when they return empty-handed after holding, they realize their mistake. It would not be wrong to say that all coins except Bitcoin are gambling coins. Even the top-level altcoins whose existance cannot be guaranteed.

In terms of investment, one should not only look at profit. If you do not find a good investment platform, then it is unreasonable to expect profit. An investor is not guaranteed to make a profit by investing in Bitcoin, but if you review its history, you will see that everyone who held Bitcoin has benefited, especially those who have been able to hold their assets until it reaches all time high. In investing, the most appropriate policy is to invest in Bitcoin and plan to hold it for the long term, rather than in any other alts coin.

The important is they can research of what they will choose. But if they realize that Bitcoin is the best coin for them, they don't have to take a look at altcoin. They can focus in Bitcoin and allocate the money they can afford. But they can use altcoin as their second investment but they must really careful because there is so many altcoins in the market that can make us confuse to choose. But they must realize that investing in Bitcoin or other platform need time before they see their investment value increase. People forget about this because they think that after they invested their money, they will see the increase so they can sell it right away but the thing that will happen not like that.