Do not limits your investment... - page 6.

Mahanton

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Quote from: FiveG on July 02, 2023, 10:40:00 AM

I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.

Not all the time on which a certain investor would really be ending up on having a happy story because it would really be depending on which coin you would be investing and some sort of mix of luck which is something
that needed when you do make out profits out of those coins or projects you had invested into. Diversification would be always that best but it would really be depending on the project you had put it into.
If you are really that having that DYOR and good decision making on putting up some investment then turns out to have those pumps then accumulation of Bitcoin would really be that somewhat faster.
This is why we cant really make out some conclusion that anyone who do make out that kind of step would really be ending up on having the same outcome which is on positive.
This is why it would really be that ideal that you would really be need to be wise for you to take advantage on the current market status and made outright decisions.

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Quote from: FiveG on July 02, 2023, 10:40:00 AM

I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.

Diversification might be good because we will see our investment opportunities increase more because of having several assets, but diversifying investments in altcoins I think it is not so good because the opportunities will not only see assets increase but also decrease, because one coin goes up but the other coin down so deep so that no profit is made.
Altcoins can indeed provide enormous and faster profits, but losing them is also as big a risk.
Your friend is just lucky to be able to choose the right altcoin so that he can make his Bitcoin increase but Bitcoin is still the best choice compared to diversifying into altcoins, except for other forms, for example stocks or other traditional investments, for example gold, land and so on.

BD Crypto

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Quote from: FiveG on July 02, 2023, 10:40:00 AM

He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.

That will be the worst idea for now to invest in those zero value coins because it's very hard to find out potential low cap coins now. And I saw many users just lost their capital by investing on low cap coins , on meme coins . It's far better to join IDO from good projects than buying low cap shitcoins.

You should not invest your funds in crypto like gambling. You said about an uncertain future which is worst than gambling. Try to trade with technical analysis and if you are too much good in analysis then I will suggest you to do leverage trading to gain more profits in a short period. But remember that without analysis it's also a form of gambling and you may lose your capital too. So first prepare yourself and find the effective ways for your investment.

topbitcoin

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Quote from: FiveG on July 02, 2023, 10:40:00 AM

I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.

I think your friend is very great in analyzing and making the decision to invest in Altcoin who has the potential to provide more benefits, I think he is a great person or a lucky person. Maybe there are also some coins that scorch the money.
Diversification is indeed necessary to increase the amount of probability to get more profit to potential Altcoin, like your friend's decision.
But yes you must have accuracy before actually entering your money into it, if not you just squander money and only bet on God's hopes of saving you without you knowing the causes and consequences.

Quote from: GreatArkansas on July 02, 2023, 09:53:23 PM

It's kinda converting the profits from altcoins to Bitcoin which Bitcoin intends to have value. It's like he wants to protect his profits or capital by converting it to Bitcoin.
Your friend got point here because as you can see a lot of altcoins come and go, they are only driven by hype but Bitcoin stays and always at number one spot.

Maybe what he did was save his profits in the past from Altcoin and divert it to Bitcoin because he saw many Altcoin who had today's problems, in other words Bitcoin was the safest to store your values and wealth.

abel1337

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Quote from: FiveG on July 02, 2023, 10:40:00 AM

I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.

Your friend did well on buying those zero value coins. I personally think it's a big gamble to buy those knowing that most of it are abandoned tokens and has no community left behind that's why it stoop at that price. Maybe your fries is just so good in speculating coins and has a great luck in scoring profit in those kind of coins. I once tried this strategy but guess what, all the coins I bought before was still on my wallet which becomes unsellable because of how long it sat on my wallet and the market never gave me a chance to sell those.

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Diversification is another way to increase our wealth through profits from selling assets that increase in price.
But it's not as easy as one might imagine because we have to look for the coins on the market and analyze them one by one by looking for more information so we don't make the wrong choice.
But most people don't want to analyze in choosing the coins instead, they just listen to what other people suggest.
And that keeps them from getting the benefits they want.
If you can't do the analysis, you can use the DCA strategy because it's the same as accumulating bitcoins by buying on a schedule.

Nrcewker

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Investing in Bitcoin and other coin with zero value is completely different. I don’t get the purpose of your post, whether you are jealous of your friend or something else, it is clearly not shown in the post. Nevertheless let me suggest you that mate, you show invest in limits. You should always invest that amount, that you can afford to lose, or the amount that is not required for the next few months or years. If you don’t calculate the risk and keep on investing, then the chances of getting loss will also increase. But if you ask me for investment in Bitcoins, then buying as many coins as you can would be beneficial.

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Quote from: FiveG on July 02, 2023, 10:40:00 AM

I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.

To reach an investment understanding like him is not easy, I'm sure he has experienced various kinds of losses from investing in coins at prices that are still Zero. Not all investments that are still at Zero are profitable, for example buying scam coins or these coins have no value in the market when traded. And most importantly, your friend doesn't drop money on assets that he doesn't analyze at all. 1 in 100 types of assets invested, not all of them generate profits right? Now what you need to learn from him is the process of getting to that point, not just the result.

irhact

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Quote from: FiveG on July 02, 2023, 10:40:00 AM

I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.

Your friend might just be lucky and if you decide to follow him you mightn't be as lucky as he is and lose all your money. Shitcoins with zeros values aren't good project to invest into because you'll lose your investment majority of the time. Your friend just took a gambling bet and he won by profiting from the project and buying Bitcoin. He made a good choice by deciding to buy Bitcoin because those zero value coins might return to having no value.

We don't have to limit our investment but we shouldn't investment in hyped project that doesn't have any value but only been hyped by the community. They can make you profits but also give you big loses if something was to go wrong and people stop hyping the projects.

lovesmayfamilis

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Diversification should be there for someone who is well-versed in cryptocurrencies. Trusting coins that can grow in a short time is tantamount to playing roulette. But more often, there is a loss of all invested money. Your friend, the OP, may be quite experienced and lucky, but his strategy shouldn't be a lesson for everyone. Almost everyone has losses, and how people deal with them will speak to their experience and the skills they gain by facing setbacks. I think your friend may also have gone a long way toward deciding that Bitcoin is a coin to be owned more than the rest of the altcoins.

coinerer

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Quote from: palle11 on July 02, 2023, 11:47:22 AM

Quote from: coinerer on July 02, 2023, 11:14:04 AM

Altcoins can give him a temporary profit. but if their prices go against his predictions, then he may suffer huge losses from them which he may not have imagined.

Lately I have not really heard success stories from altcoins investment at least during this particular halving. Altcoins era is really taking a dive so to invest in it at the moment is a whole lot of risk to go through. Hodling altcoins are just luck for one to come off it with same investment value but maybe something new can happen with altcoins during this halving, not an investment advise though.

Investing in altcoins is risky but very profitable, so it is not right to refrain from investing here. So investing in altcoins should be done with a limit then it won't make big final loss but if profit it will act as a bonus income. No matter where we invest, there will be risk, if there is a financial transaction, there is risk. So it is better to follow the limitations for investment. Be it Bitcoin, Altcoin or something else

Huppercase

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Quote from: FiveG on July 02, 2023, 10:40:00 AM

I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.

Your friend is very lucky but I doubt if that scenario will happen again. Altcoins these days are scary to invest because many of them has prove to be wrong investment, they have failed many investment countless without numbers and the trust issues of people buying them again. Your friend was lucky that such move was before people fell in love on altcoins before the crashes and was smart enough to convert it back to Bitcoin.

If any try that method of investment now, there is no guarantee that you will make the same profit again but the best you can do as an investor is to always diversify your portfolio and wallet, buy them in many quantity and hold them and if the market becomes excited once again, you will make a good profit and don't forget to sell when you have gained profits.

Distinctin

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Quote from: palle11 on July 02, 2023, 10:52:53 AM

Your friend is lucky. If he invested in altcoins, maybe that could be the altcoins era that is the time before 2017 when the rally for altcoins was very high. Coins like etheruem at that time were very cheap and ico scam was not that rampant.

Maybe he was part of those who bought bitcoin early like 8 -10 years ago when the price was still below $1k. He is worthy of commending if he actually saw the future from the risk he took because some people saw the opportunity but felt cryptocurrency investment was all fraud.

Perhaps those were the times were altcoin prices shoot up and those who came investing in it have experienced huge profits. But what is happening today is the ultimate opposite. Altcoins are no longer considered as rational investment so investors have no choice but to stick with bitcoin which holds the highest position in the crypto market. However, we can always diversify our investments which means we can also invest in stocks, real estate and gold aside from our bitcoin investment.

inthelongrun

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I used to do the same technique last 2017. I am not basing my investment in USD or USDT or my local currency but on bitcoin. I buy altcoins to grow my number of bitcoins. I went on to grow my bitcoins into something I did not imagine. I had a bad decision though as I sold them all last 2018 during the time when it has their lowest value because my emotions were running high and I cannot sleep well already. I was starting to get scared if bitcoin drops more and it might turn worthless.

So I am starting all over again. I am trying to do the same technique but I am finding it hard but maybe my analysis becomes clearer next year or by 2025 when the market is bullish. But I am also considering other altcoins especially those that are still standing tall like ethereum.

LogitechMouse

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Quote from: FiveG on July 02, 2023, 10:40:00 AM

I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.

I'm leaning more towards the fact that you're friend is lucky enough that all of the "zero value" coins he bought appreciated, and got profited from all of them. I don't know the numbers, but most of the investors who are investing into these type of coins typically lose their money because these zero-value coins that you are saying are ending up either a scam coin or an abandoned coin.

TBH, I don't know if what you are saying is true just by looking on how you deliver the message thru creating this thread. I mean I'm not saying that you're lying though, but it's just that I just can't believe about your story. Maybe I'm like this because I didn't ever experience something like that in my whole investing journey.

Anyway, just congratulations to your friend. Your subject title, and the content of your thread isn't connected at all as well. He gambled, and he won the game so... yeah that's what he got. Cheesy

bettercrypto

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Quote from: FiveG on July 02, 2023, 10:40:00 AM

I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.

The ones that don't have much value, these are the meme coins, right? He's lucky to be your friend if that's the case. I feel like I want to be a meme coin hunter hehehe... because when I hit the jackpot it's like you won a lottery.

and besides, I will only use my extra money for the meme coins that I choose and just hold until the bull run comes, that's all I'll do. There is nothing to lose, instead I can even have it just in case. So starting today I am a Meme coin hunter now Grin

knowngunman

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Quote from: FiveG on July 02, 2023, 10:40:00 AM

I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.

That's how real investors rock, not by bragging or flaunting. Mind you, how did you manage to saw this on his phone? He show it to you or you invaded to see it? Just curious!
Diversification of investment is necessary not only in crypto but even in real life physical investment. The problem is that what work for your friend may not work for you and majority of these zero value coins have no future potentials. You can risk to invest in some of these alt coins with caution despite the fact but you should not expect much from them compare to BTC.

You friend took the risk and fortunately it worked for him. He's such a very wise guy that was not carried away and developed the idea of investing those profits in Bitcoin. Some people might not have that thought of investing in BTC, thinking that the alt coin will continue to moon and will eventually lose everything if care is not taken. Do not imitate your friends blindly, DYOR.

Patrol69

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Your friend's actions are undoubtedly commendable and what he has done is to hide his investment from everyone else and today he owns three bitcoins. That is, think how much patience he had to endure to reach this position. And how much confidence he had in investing. At one time he may have suffered a lot by investing but now his pain is gone because now he owns three BTC. From now on his money will only increase because he can use these three BTC to increase his money even more. Your friend's case may be the best example for those of us who don't believe in investing in Bitcoin.

GreatArkansas

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It's kinda converting the profits from altcoins to Bitcoin which Bitcoin intends to have value. It's like he wants to protect his profits or capital by converting it to Bitcoin.
Your friend got point here because as you can see a lot of altcoins come and go, they are only driven by hype but Bitcoin stays and always at number one spot.

xSkylarx

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Your friend spent for sure most of his time researching and, let's say, got lucky to earn profit because we know right now that those 0 value altcoins can't be alive or have been pumped by something, so it is really rare, and again, if that happens, then for sure he has a ton of profit right now. Unlike before, this can now be seen or found easily, but now it is very difficult because of the scam projects. I am just curious how much your friend lost while finding and investing in altcoins.

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