Topic: Bitcoin price motivation benchmark: - page 3. (Read 337 times)
Right choice when you invest in bitcoin at this time. Although the price can fluctuate and the DCA has to be done many times, it is at least safer than following the current meme coin trend. But I find that you all in 100 percent of your assets in bitcoin is really a waste of the money and time you spend. In addition, it is unlikely that you will also gain significant profits. So please expand the source of investment assets such as ETH or BNB, they still have good value and potential. That way you can make more profit than just bitcoins
There are investors that will argue that they're got a better performing portfolio if they've got more altcoins than Bitcoin. And here we are that has got more Bitcoin on it and there's no one to stop us and can't convince us to diversify that much. I see people that are too much diversifying because they think that's the wisest thing to do but then, they're hit more by market's volatility. Unlike if you're into Bitcoin-only, you'll just have to chill and wait until the market is being dependent on it because of the cycle, it requires more patience than of the altcoins.
I hold great admiration for those who embody the essence of a true bitcoin maximalist, refraining from engaging with altcoins altogether. However, it appears that a significant portion of individuals who claim to adhere to this ideology are, in fact, deceiving others. I distinctly recall an occasion when I requested Adam Back to publicly affirm that he had not invested in altcoins, challenging anyone with contrary claims to come forward. Surprisingly, no one was able to present such evidence. This experience has led me to believe that every coin has its price and can be sold when the conditions are favorable. Therefore, I do not believe in holding onto any particular coin indefinitely, not even bitcoin, especially if I can acquire it at a more affordable price in the future
For me Bitcoin has been my 100% portfolio and up to this point, I am glad that I choose that part even though Bitcoin price has undergone a lot of changes lately, my BTC vs $ balance has shown green and also red-negative movements which is a pointer to the activeness of bitcoin volatilities.
Normally, Bitcoin will be volatile because that's one of its characteristics, and anyone who holds Bitcoin in their wallet will definitely experience a depreciation or an increase in their capital, depending on whether the market is rising or falling. I usually advise people to always make sure they have Bitcoin in their portfolio before adding any other altcoin to it. Bitcoin is not a pump and dump token just like every other shitcoin; most of those coins, after pumping for the first time, may not pump again after they have been dumped, and if one mistakenly ends up putting their capital there, it will be an absolute waste of money. Whoever thinks Bitcoin is too expensive to buy should still remember that even with $5 they can buy Bitcoin, and with a constant DCA strategy, they will be accumulating Bitcoin gradually, and before they realize it, they will have a huge amount in Bitcoin.
However, I cannot hide the fact that some altcoins also have the potential to generate returns regardless of whether they are investment or trading assets. You and I may be fine to be 100% on bitcoin and not diversify any assets into altcoins, but of course many altcoin investors also believe in the potential and the returns they will generate.
Regardless of whether altcoin prices follow bitcoin trends or not, what is clear is that the end goal of most traders and investors is to generate profits, not use cases. In fact both bitcoin and altcoins have such prospects because of their price volatility, so someone will definitely consider them regardless of whether we like altcoins or not.
People made very good profit from being early investors in bitcoins, some people who invest in altcoins know and understand that it should not be for the long term, but people invest in them to mainly make profit and not to keep them. Altcoins has made some people rich, but it has also made some people loose their investments, that is why you should always be sure when you are about to invest in an altcoin. Individuals who are not interested by huge and sudden profit invest in bitcoins. Regardless of whether altcoin prices follow bitcoin trends or not, what is clear is that the end goal of most traders and investors is to generate profits, not use cases. In fact both bitcoin and altcoins have such prospects because of their price volatility, so someone will definitely consider them regardless of whether we like altcoins or not.
Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.
Cycles don't necessarily help people that much when it comes to price movement, because no cycles are the same. The markets has it's way of messing up a mindshare of people who highly expect a certain outcome to occur.
Since your all about profit while holding BTC, it shouldn't be an issue for you to hold a centralized token when you get 50x profit from altcoins in the bull market.
You know when they say don't put everything in one basket doesn't mean exactly in one wallet but also other investment. If you can profit 10x with ETH, it isn't so bad.
I don’t even believe that having Alticoins is diversification of portfolio, because most of these top Alticoins that are regarded strong usually follow the bitcoin trend, so why bother to invest in them when I can just earn same profit from a coin that is not centralized.
I personally agree that bitcoin performs better as an investment asset than altcoins. However, I cannot hide the fact that some altcoins also have the potential to generate returns regardless of whether they are investment or trading assets. You and I may be fine to be 100% on bitcoin and not diversify any assets into altcoins, but of course many altcoin investors also believe in the potential and the returns they will generate.Regardless of whether altcoin prices follow bitcoin trends or not, what is clear is that the end goal of most traders and investors is to generate profits, not use cases. In fact both bitcoin and altcoins have such prospects because of their price volatility, so someone will definitely consider them regardless of whether we like altcoins or not.
I don’t even believe that having Alticoins is diversification of portfolio, because most of these top Alticoins that are regarded strong usually follow the bitcoin trend, so why bother to invest in them when I can just earn same profit from a coin that is not centralized.
Another thing why there are some people are being lured to buy altcoins instead of Bitcoin is because of the ROI they can see versus Bitcoin.
Exactly Alticoins have the potential to increase in short term than bitcoin, because this is the only way its developers can lure investors into it. The same way it has high return it also dumps in same way, and that is why it is mostly advice to treat them as pump and dump coins and not assets for investment. 
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Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.
I'm happy for you. Most altcoins for me also are just for hype. I already experienced this before during the early days of my experience in cryptocurrency.Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.
I regret too much before because instead, I kept my Bitcoin, I exchanged them for some altcoins.
Another thing why there are some people are being lured to buy altcoins instead of Bitcoin is because of the ROI they can see versus Bitcoin.
For me Bitcoin has been my 100% portfolio and up to this point, I am glad that I choose that part even though Bitcoin price has undergone a lot of changes lately, my BTC vs $ balance has shown green and also red-negative movements which is a pointer to the activeness of bitcoin volatilities.
Knowing that Bitcoin is volatile in DCA pricing and also having a balanced market that shows not too much of a sign, e.g. 50% price movement within a few hours which is a sign of pump, or a drop in price significantly below 50% which is a sign of dumped.
Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.
Knowing that Bitcoin is volatile in DCA pricing and also having a balanced market that shows not too much of a sign, e.g. 50% price movement within a few hours which is a sign of pump, or a drop in price significantly below 50% which is a sign of dumped.
Bitcoin has a cycle to help calculate its movement unlike those altcoins that have high centralization, subject to pump.
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