Sometimes it takes personal experience to drive a point home. If your brother hadn't gone through the losses from those shitcoins he might not have taken your advice to invest in Bitcoin seriously. The truth is, Bitcoin has proven to be one of the most reliable investments over the years and new investors need to understand this and prioritize building their Bitcoin portfolio. Your brother is lucky he has you to guide him in the right direction. It's all about learning from experience and making the right decisions.
shitcoin is very risky because it has high volatility, for that reason shitcoin is not suitable for some investors especially those who are just starting to invest in Cryptocurrency. Bitter experiences will shape him into a more careful person in choosing investment media and will try to do thorough research to understand the risks before making an investment.
The reason why novice investors should prioritize Bitcoin over junk coins is because of its higher stability, which allows them to invest more safely. In addition, Bitcoin has also received greater recognition from elements of society, companies and countries, so it is no wonder why Bitcoin is more widely used as a means of payment compared to junk coins.
In terms of long-term investment, only Bitcoin will give us something good, shitcoins are never suitable for investment, they only attract people, and short-term investors invest in shitcoins hoping to get rich quick and only get disappointed, never get yourself involved in the temptation of investing in shitcoins. Because they are not suitable for investment, they are only created to make people poor. Bitcoin is the only investment that is a profitable and safe investment for the long trem, besides, the acceptance of Bitcoin is constantly on the rise, and Bitcoin will achieve more greatness in the future. So all in all, there is no other investment better than Bitcoin.
Shitcoin only deceives people, that's why I don't want to discuss shitcoin.
However, if you can invest in Bitcoin with patience for a long time, you can definitely succeed in it, you grab the Bitcoin price, it was very low even two years ago, but currently it has reached an all-time high. In terms of investment, you should invest in Bitcoin with as much money as you can afford to lose, but if you can follow the DCA method, it will definitely be best. You should have a good income source and change bad habits and keep yourself in control and invest in Bitcoin with patience.
You will forget your wallet but don't forget your wallet password, if it is possible to invest in this way, then if you can survive for a long time, then it will definitely be possible to succeed
I have a bitter experience in this regard. Before learning about Bitcoin, I invested in shit coins and my losses were very high. I held a few shits and had high expectations from them. But over time, I had to lose that investment. In the long run, I only regretted it. If I had invested in Bitcoin for a long time, my wealth would have increased over time and I could have been more optimistic in the future. But I was able to change my situation a little late. I now believe that only Bitcoin is the best. Whatever its value is, if it can be kept under one's control and accumulated according to the ability it is definitely possible to achieve financial success in the long run. If DCA is followed for accumulating Bitcoin, then anyone can expect big returns in the long run.