You'll never go wrong investing in the king and that is Bitcoin, it's been proven that investing as an early bird in altcoins is profitable but the risk is just too high and its like gambling, the only you cannot lose in altcoins is you find a good one or you are quick to dump to avoid losses.
There's too much hype and many shills of altcoins that will mislead you, investing in altcoins are for seasoned investors who know what and how to look, not for newbies, a newbie should concentrate on Bitcoin and on the top 10 until they gain confidence and knowledge.
Topic: As a newbie I stay off shitcoin and it paid off, Bitcoin is the king. (Read 1423 times)
March 08, 2023, 06:07:05 PM
March 08, 2023, 05:40:03 PM
That's actually the best decisions you've made in your HODLing career, cus you can't afford to lose too much since you' just got started; if that happens, it'll alter the trust you have for the whole, BTC'S systematic measures, and you can't dare to trust the process even when you've been convinced otherwise.
Investing in Bitcoin isn't a wrong choice -- for the fact that I keep attesting everyday to that doesn't mean I made them myself to be too sure about them, but the resilience over the years have taught alot (myself included) how to trust this digital processes,(since it hasn't failed TOTALLY right from inception). You wouldn't Wanna fall a victim of the FTX bankruptcy right?? Rhetorical anyways...
Sandra 🧑🦰
Investing in Bitcoin isn't a wrong choice -- for the fact that I keep attesting everyday to that doesn't mean I made them myself to be too sure about them, but the resilience over the years have taught alot (myself included) how to trust this digital processes,(since it hasn't failed TOTALLY right from inception). You wouldn't Wanna fall a victim of the FTX bankruptcy right?? Rhetorical anyways...
Sandra 🧑🦰
March 08, 2023, 02:12:10 PM
Bitcoin is the king, but honestly, an average investor can't turn 100$ into thousands of dollars with Bitcoin, this is possible with altcoins, many called altcoins a gamble, yes they are right, but the best way to come out with flying colors when investing in altcoins is, choosing various type of useful altcoins, from Defi, metaverse to play to earn e.t.c, you only lose if you invested all your money on one altcoin. The more you have the higher your chance if making some money.
It is all about the risk you take. 100$ may not become thousands of dollars with bitcoin but I am sure that bitcoin will not give you a -100% PNL. Gambling altcoins is not a bad idea though since I do it myself. I tried some altcoins and somehow got some profits. As a newbie you should stay focused with bitcoin if you are jsut starting to avoid unnecessary losses. Gambling altcoins only advisable for those who has experience enough to take the risk and who can accept their losses.
March 08, 2023, 12:32:06 PM
Bitcoin is the king, but honestly, an average investor can't turn 100$ into thousands of dollars with Bitcoin, this is possible with altcoins, many called altcoins a gamble, yes they are right, but the best way to come out with flying colors when investing in altcoins is, choosing various type of useful altcoins, from Defi, metaverse to play to earn e.t.c, you only lose if you invested all your money on one altcoin. The more you have the higher your chance if making some money.
March 08, 2023, 05:59:53 AM
Some alts may give you much bigger ROI than bitcoin these says but there are so many alts, literally so many. Lots of them are scam pump & dumps, we have seen so many rugpulls. You have your head screwed on right OP. Bitcoin is King, without bitcoin pretty much all alts would fail.
Slow & steady wins the race & that’s why bitcoin is King. Over 10-20 years bitcoin will make your life, I don’t think any altcoin could hold as much guarantee to do the same.
Yes, established altcoins are capable of giving us bigger ROI than what bitcoin can give, but the problem is how long these altcoins will stay profitable. Especially with the last FTX scandal, altcoins are even more risky to invest than bitcoin as most of the big centralized cryptocurrency exchanges are now prone to scams. That’s why chosing bitcoin over altcoins is a great choice, as you will never be frustrated with bitcoin as long as you are patient enough to wait for its perfect price to sell. Slow & steady wins the race & that’s why bitcoin is King. Over 10-20 years bitcoin will make your life, I don’t think any altcoin could hold as much guarantee to do the same.
March 07, 2023, 06:50:24 PM
Bitcoin is a good investment for first-time cryptocurrency investors, especially if you want to hold the asset for a long time. because Bitcoin is safer and more dependable than alternative currencies. You made the right decision by remaining loyal to Bitcoin. Diversifying your portfolio is not a terrible idea, but only if you are knowledgeable about the cryptocurrency industry as a whole and aware of the things to look for in potential altcoin investments.
Altcoins can also yield enormous profits, but finding the legit ones can be challenging. Even skilled investors struggle to find such coins since extensive digging is required.
Altcoins can also yield enormous profits, but finding the legit ones can be challenging. Even skilled investors struggle to find such coins since extensive digging is required.
January 09, 2023, 01:09:06 AM
Investing in Bitcoin and staying away from shitcoins is a wise decision.
Altcoins are short-term cryptocurrencies, which are more suitable for short-term trading and may be lucky to get their investment back.
Bitcoin is the king of the crypto market and it is the best choice for long-term investment in cryptocurrencies. No matter what price you buy, you can make more profits when it rises.
Altcoins are short-term cryptocurrencies, which are more suitable for short-term trading and may be lucky to get their investment back.
Bitcoin is the king of the crypto market and it is the best choice for long-term investment in cryptocurrencies. No matter what price you buy, you can make more profits when it rises.
January 08, 2023, 02:59:08 PM
altcoin is gambling, just the same as buying a lottery ticket or predicting football results because an altcoin is best for a short-term investment, not long term.
But if one want to take long-term investment then Bitcoin is a better choice since Bitcoin is less volatile.
But if one want to take long-term investment then Bitcoin is a better choice since Bitcoin is less volatile.
January 07, 2023, 01:11:23 PM
Some alts may give you much bigger ROI than bitcoin these says but there are so many alts, literally so many. Lots of them are scam pump & dumps, we have seen so many rugpulls. You have your head screwed on right OP. Bitcoin is King, without bitcoin pretty much all alts would fail.
Slow & steady wins the race & that’s why bitcoin is King. Over 10-20 years bitcoin will make your life, I don’t think any altcoin could hold as much guarantee to do the same.
Slow & steady wins the race & that’s why bitcoin is King. Over 10-20 years bitcoin will make your life, I don’t think any altcoin could hold as much guarantee to do the same.
January 07, 2023, 04:59:55 AM
...Investing in bitcoin have no risk as far as I am concerned because of the trust I have for Bitcoin, and I am taking this bear market as the right time to place my investment, because its a perfect time for me.
Everything has inherent risks. Any investment without risk is a shaddy one. Aside the volatility risks, there are those who seek to steal your coins. They are called Scammers.
And they are on the rise. So, take care when you see websites offering 10x bitcoins when you invest or even those that may ask you for personal information so as to access your rewards after performing some mundane tasks.
This is one of the risks and you can lose you bitcoin forever.
January 07, 2023, 04:16:29 AM
Cryptocoins have historically been short-term cryptocurrencies that are bought and sold quickly. If you do things that way, you might be lucky enough to accrue some ROI, or you might not; but if you consider hodling them for the long-term, the chances are sky high that you'd never be lucky as they have no/fake utility. Quite a few altcoins have their utility only in the promises of the owners, which frequently never materialize. Having said that, Bitcoin actually serves a purpose, which distinguishes it from other cryptocurrencies. Because of this, you can always anticipate a price increase, even after a prolonged period of decline. It also prevents Bitcoin from effectively dying or disappearing, unlike other cryptocurrencies.
January 07, 2023, 02:41:56 AM
...Investing in bitcoin have no risk as far as I am concerned because of the trust I have for Bitcoin, and I am taking this bear market as the right time to place my investment, because its a perfect time for me.
Everything has inherent risks. Any investment without risk is a shaddy one. Aside the volatility risks, there are those who seek to steal your coins. They are called Scammers.
And they are on the rise. So, take care when you see websites offering 10x bitcoins when you invest or even those that may ask you for personal information so as to access your rewards after performing some mundane tasks.
This is one of the risks and you can lose you bitcoin forever.
January 06, 2023, 06:18:05 PM
Many people who want to get rich quick in the cryptocurrency space and make a lot of money in a short period of time will be tempted to invest in altcoins. But over time many altcoins become scams or disappear, or even lose all funds there. Investing in Bitcoin is a good choice when you are in the cryptocurrency market, it is more reliable and less risky. The longer you hold Bitcoin, the better your chances of reaping rewards.
Too good to be true is a signal to avoid scam, why people rush into altcoins is the belief that altcoins will make them rich over night, but year in and year out hundreds of altcoins keep pumping up but yet investors, keep getting poor and huge money are getting stolen away from the cryptocurrency market cap.If you check the record of loses in the the last couple of years you will be amazed how much investors have lost on altcoins.
So ops are right to stay away from altcoin.
January 06, 2023, 12:56:24 AM
Many people who want to get rich quick in the cryptocurrency space and make a lot of money in a short period of time will be tempted to invest in altcoins. But over time many altcoins become scams or disappear, or even lose all funds there. Investing in Bitcoin is a good choice when you are in the cryptocurrency market, it is more reliable and less risky. The longer you hold Bitcoin, the better your chances of reaping rewards.
January 05, 2023, 03:59:48 PM
Volatility is one of the major constraints of cryptocurrency investment and this goes for all coins even bitcoin, investments require long-term patience and continuity which is not something to easily go with as the market can easily drain out the motivation in the investors to wait for that long.
Investing in bitcoin is safer even in a bear market, although it also involves losses. But it is desirable to invest in altcoin only in a bull market, since when investing in a bearish trend, value losses can reach 99%, and in some cases, a complete loss of value.
January 05, 2023, 04:14:47 AM
New traders want to make quick profits. That’s why they invest in altcoins. And not all altcoins are worth it. They can be highly volatile, which can make them risky to hold for the long term. Moreover, There may be less information available about altcoins compared to more established cryptocurrencies, which can make it difficult to make informed investment decisions.
The primary objective is to make money, which makes sense, but many people are motivated by greed and ignorance. Once it reaches its previous high, the return on investment for Bitcoin will be 400 percent. For them, 400 percent is insufficient. They want to make a fortune bigger than the potential of Bitcoin. Because only a few altcoins will make it, the majority of these people lost their investments. Additionally, the majority of those altcoins that succeed would not endure for very long. Long-term holding of altcoins is extremely risky. January 05, 2023, 01:22:48 AM
New traders want to make quick profits. That’s why they invest in altcoins. And not all altcoins are worth it. They can be highly volatile, which can make them risky to hold for the long term. Moreover, There may be less information available about altcoins compared to more established cryptocurrencies, which can make it difficult to make informed investment decisions.
January 02, 2023, 01:45:21 AM
Altcoins are full of sad stories in a bear market and they are the best in a bull market it terms of ROI, I think its more safer to invest in Bitcoin right now and when the next halving in near you can start buying altcoins again, we still don't know what will happen this year so altcoins have higher chances of going even deeper.
I don't mind seeing my portfolio losing value because I am in this till 2025 so I am already buying bit by bit and I will keep doing so till next year 2024, it is easier to keep waiting and missing out in the end, it happened in last bear market, everyone expected more pain and things changed when they least expected.
I don't mind seeing my portfolio losing value because I am in this till 2025 so I am already buying bit by bit and I will keep doing so till next year 2024, it is easier to keep waiting and missing out in the end, it happened in last bear market, everyone expected more pain and things changed when they least expected.
December 31, 2022, 05:13:54 PM
It is good for your well-being to stay away from hypes that can breed depression from their ugly outcomes in some cases, oos you are right in your decision, and I will encourage you to continue at such since altcoin has been nothing but Ponzi whose CEO has always cashout on their investor just like what Sam did with FTX and Solana or Luna crash.
December 31, 2022, 07:56:22 AM
Volatility is one of the major constraints of cryptocurrency investment and this goes for all coins even bitcoin, investments require long-term patience and continuity which is not something to easily go with as the market can easily drain out the motivation in the investors to wait for that long.
Investing in bitcoin is safer even in a bear market, although it also involves losses. But it is desirable to invest in altcoin only in a bull market, since when investing in a bearish trend, value losses can reach 99%, and in some cases, a complete loss of value.
Jump to: