A mistake you would surely regret - page 6.

PytagoraZ

sr. member

Activity: 350

Merit: 343

Jolly? I think I've heard that name before. hmm

Quote from: Troytech on March 11, 2024, 05:02:53 AM

Lastly invest what you can afford to lose, or rather stake what you can afford to lose cause I know no matter the advice many read they woudl still invest in shit coins so stake what you can afford to lose.

Nobody likes losses, so to avoid this, choose bitcoin because it is the safest coin and history has proven that even though the price of bitcoin can fall freely, it will always touch a new ATH. Maybe bitcoin cannot rise to 100x in the near future but bitcoin is proven to store value to avoid inflation and also has a high level of profitability.

So instead of being confused about which coin to choose, choose bitcoin. It's easy and doesn't require much thought

Lucius

legendary

Activity: 3234

Merit: 5637

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Today, most people want to become rich overnight, and this especially applies to young people who think that cryptocurrencies are some kind of magic money that falls in the form of airdrops and is shared by some rich people who simply have too much money and don't know what to do with it. What seems to me is that people are becoming less and less intelligent, which is not surprising considering that they left "thinking" to computers a long time ago, and with AI apps this is even more pronounced.

If today, on a social network, you would ask a simple question in the following form:

I give you $10 000 to invest in Bitcoin and in 10 years that investment will be worth $100 000 - or you can choose 10 altcoins to invest that money in, but the risk of losing everything is greater than 80%. I wonder if at least 10% would be smart and choose the first option, although it is certain that the majority would decide to gamble, especially since someone gave them money.

Helena Yu

hero member

Activity: 742

Merit: 633

Quote from: Troytech on March 11, 2024, 05:02:53 AM

it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

It's way better to only own Bitcoin. Wink

tabas

hero member

Activity: 3024

Merit: 745

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You can't stop them and they're more aggressive this bull run. I have no idea who has put in the minds of mostly beginners about having x100-x1000 with their investments. They truly are prone to scams with that mindset whilst the ones that are into safe investing by having their money in Bitcoin doesn't have to think about such. A lot sure will get into new projects thinking that they're early on those but, they should be wary about the rug pulls aren't gone and those developers that have been doing that will just repeat the process trying to lure these poor investors that have no idea of what they're up to.

Troytech

sr. member

Activity: 98

Merit: 55

Yes it's another bull run and everyone that invested in a scam project or lost money in the last bull run are already filled with FOMO and shouting to the moon for new projects they have no knowledge about, many Influencers are out again promoting new projects and promising huge returns and you can see a lot of persons in the Comment section following and wants to invest.

Don't let the green you see everywhere confuse you to forget the basis of investment, do your own research and don't follow the crowd that has no knowledge in what they are doing, don't let greed push you into looking for outrageous profits like 100x on new projects and you end up losing your money to scammers.

Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

Lastly invest what you can afford to lose, or rather stake what you can afford to lose cause I know no matter the advice many read they woudl still invest in shit coins so stake what you can afford to lose.

Topic: A mistake you would surely regret - page 6. (Read 1124 times)