Focus more on accumulating Bitcoin rather than memecoins - page 2.

Charles-Tim

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Quote from: DPHOR on January 26, 2025, 03:44:25 AM

Does people evaly used an amount they can't afford to lose for investments? Normally me no reason am say people go use money way too high for them go do investments and no be only investments on Bitcoin but to memecoin wey no get anything valuable to attach on, if people dey talk about reasonable coin like Bitcoin them fit use any amounts provided say that person go get patient till the price bounces back to a profitable level e go better.

If you have been reading some people that lost money in crypto investment and trading, you will know that is possible. Some people can be greedy.

Quote from: https://cointelegraph.com/news/trump-memecoin-losses-traders-lose-millions

A trader who invested over $1 million in memecoins saw nearly 90% of their funds vanish in just two days as the hype-driven tokens plummeted.

DPHOR

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Quote from: Charles-Tim on January 23, 2025, 08:03:53 PM

Other people can have different strategies but it should still not be beyond using the amount of money that you can afford to lose on something risky. Memecoins are risky.

Does people evaly used an amount they can't afford to lose for investments? Normally me no reason am say people go use money way too high for them go do investments and no be only investments on Bitcoin but to memecoin wey no get anything valuable to attach on, if people dey talk about reasonable coin like Bitcoin them fit use any amounts provided say that person go get patient till the price bounces back to a profitable level e go better.

Odusko

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Quote from: Frankolala on January 24, 2025, 05:46:59 AM

Personally, I wouldn't invest in any coin apart from bitcoin because I am after piling up wealth for my old age and not to be gambling and waste the resources that I can use to get a better life at old age. People should know what they want and the difference between long term asset which I bitcoin and altcoins whose future is not certain to be profitable in the long run. With bitcoin your capital is safe as long as you hodli for long without trading.

It's good to think about retirement and old age, that is the reason we always kick against wasting resources at a young age and the best way to save up for the future is by buying stable and strong assets like Bitcoin that you mentioned, but we should not outrightly discard the potential of altcoins to give you in a short term what Bitcoin will give you on the long term, the example I have someone who exchanges their Bitcoin worth $1000 to buy Trump coin when the coin was around $20, and within 24-hour interval the Trump coin rosed to above $70 giving him an insane profit that leaving the money in Bitcoin may have not been able to generate such profits in the next two years to come, so it all about what we want and the risk we are willing to take to arrive at that destination.

Cityhunter34

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Quote from: Frankolala on January 24, 2025, 05:46:59 AM

Personally, I wouldn't invest in any coin apart from bitcoin because I am after piling up wealth for my old age and not to be gambling and waste the resources that I can use to get a better life at old age. People should know what they want and the difference between long term asset which I bitcoin and altcoins whose future is not certain to be profitable in the long run. With bitcoin your capital is safe as long as you hodli for long without trading.

Bitcoin investment is always the best, just invest in Bitcoin and hold for a long period of time you are covered. But when you invest in other coins your chance of getting profit from it would be very slim, while because they are not worthy to be trust. It's essential for us to always focus on investing in Bitcoin because the small amount you invest today can yield good profits in the future.

Davidvictorson

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Quote from: Charles-Tim on January 23, 2025, 08:03:53 PM

You have 100% money. You can use 30% on investment. From the 100% of the 30%, you can invest 70% on bitcoin, 10% on trading, 10% on gambling and 10% on altcoins which memecoins can be among.

How I wish say beginners go just follow this ogbonge advice wey you give now.
Na just to do small change . Like now eh, nor be everybody sabi trading and gambling so the beginner fit just put the 10% on trading, and 10% on gambling for the 70% on bitcoin to make am 90% on bitcoin. And then the remainder enter altcoin, this one na very extremely high risk.
As your hand come dey strong small small you fit risk 5% on trading or gambling if you like at a time but not at once.

Jaycoinz

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Quote from: uche6215 on January 25, 2025, 12:59:07 PM

Most memecoins has slow growth rate which is the distinguishing factor that has made Bitcoin to stand out in the crypto community so for a good return for your investment I am also of the view that people should concentrate more on accumulating Bitcoin rather than put your money into something that you're not sure of bringing profits to you soon because most of these memecoins especially those on telegram has fallen short of expectations and many people has started getting tired of them

I think the reason why people even get their involved in meme coins in the first place is even because of the high rate of which the coins fluctuate up and down which they tie them getting rapid profits from them and not the other way around but the issue in general with meme coin is that there are now lots of them which are just full of shit that can reck you instead of making you.

Josefjix

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yes

Any assets that is unique in it's way, in the market does pretty well in the long run, any assets that has target to solving traditional monitory system lasts longer than the others. Memecoins has no solution to digital assets problems, it's prolly there for the teams profits and those that ape in early, if you are late, you are a loser. Digital currency suppose give an investor that feeling of calmness, no matter the price decrease, only Bitcoin does that. Memecoins give investors tension and the rush to move to and fro in the market making severe mistakes that hinders the growth of crypto.

There are uncountable memecoins out there that are dead, non has ever recovered after a serious pump, all they do is got hype, pump for few days, get dump forever.

uche6215

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Most memecoins has slow growth rate which is the distinguishing factor that has made Bitcoin to stand out in the crypto community so for a good return for your investment I am also of the view that people should concentrate more on accumulating Bitcoin rather than put your money into something that you're not sure of bringing profits to you soon because most of these memecoins especially those on telegram has fallen short of expectations and many people has started getting tired of them

?

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One thing about meme coins and bitcoin is that they don't hinder eachother. Bitcoin has been existing for long and has built the reputation it has today. Investing in bitcoin does not also stop someone from having a meme coin.

It all depends on your understanding. Most meme coin don't have long term value but pays off when it's still new. Knowing when to invest in meme coin is also a good knowledge but only Bitcoin is worthy of investment.

Bitcoin is still a better option than meme coin so don't be carried away by it's immediate value since it can ruin your life in a twinkle of an eye.

Dr.Bitcoin_Strange

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If you are looking to hold a long term investment, buy bitcoin but if you have a concrete knowledge about crypto and you want to go into a short term investment, you can do research on altcoins that have possibility to pump within a short period. If you are not too knowledgeable about crypto and you start by investing into altcoins, you could lose your money, so it's better you start with bitcoin.
If you also have someone that has a quality knowledge about crypto and guiding you through, then you can invest based in their instruction.

Perfectbaby

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Quote from: Princess Leah on January 24, 2025, 10:06:41 AM

Quote from: Perfectbaby on January 24, 2025, 08:53:24 AM

Quote from: Charles-Tim on January 23, 2025, 08:03:53 PM

You have 100% money. You can use 30% on investment. From the 100% of the 30%, you can invest 70% on bitcoin, 10% on trading, 10% on gambling and 10% on altcoins which memecoins can be among.

Other people can have different strategies but it should still not be beyond using the amount of money that you can afford to lose on something risky. Memecoins are risky.

Equivocally, we can say in all total percentage of someone income we should only spare little amount from their income, like allocating a only what we can afford to risk such as you have mentioned but through what we have it can be split among the market for investments, trading and gambling.
Only what we can afford to lose is advisable, because you never can tell how the market could play out to be. A total percentage of 500$ monthly income, $100-$150 can be used for investments or trading and 10-30$ can also be used for gambling from the $150, with this you can control your risk level although, this amount is also high depends on our risk tolerance.

I love that the highest percentage of income is given to Bitcoin. Among other areas of diversification Charles-Tim mentioned, Bitcoin is the most safer option and comes with greater profits in the future due to it very high level of volatility so it's best that much income is channeled into that area to secure more profits in the future. Memecoins are funny Cryptocurrencies that comes with very righ risks cause they can be pumped and dumped by the project owners at any given time compared to Bitcoin that's decentralized and has the potential of improving to a more higher price in future thereby giving investor more profits.

Investors that choose to priotise memecoins should thread with caution and invest on what they can afford to lose, for instance, investing 5% out of 100% of one's income on memecoins is sensible and the investor has to monitor the coins at all times to know when to take profits. However if i were to invest on Memecoins I'll priotise coins like Doge, Pepe or Trumpcoin that currently trending in the market.

You didn't mention XRP at least Doge coin is at least manageable but the price of that coin is being controlled and manipulated by Elon musk and whatever tweet he makes about It easily creates so much panic within the market and, for long now never came across his post on Doge coin, who knows what he could be thinking right now.

Princess Leah

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Quote from: Perfectbaby on January 24, 2025, 08:53:24 AM

Quote from: Charles-Tim on January 23, 2025, 08:03:53 PM

You have 100% money. You can use 30% on investment. From the 100% of the 30%, you can invest 70% on bitcoin, 10% on trading, 10% on gambling and 10% on altcoins which memecoins can be among.

Other people can have different strategies but it should still not be beyond using the amount of money that you can afford to lose on something risky. Memecoins are risky.

Equivocally, we can say in all total percentage of someone income we should only spare little amount from their income, like allocating a only what we can afford to risk such as you have mentioned but through what we have it can be split among the market for investments, trading and gambling.
Only what we can afford to lose is advisable, because you never can tell how the market could play out to be. A total percentage of 500$ monthly income, $100-$150 can be used for investments or trading and 10-30$ can also be used for gambling from the $150, with this you can control your risk level although, this amount is also high depends on our risk tolerance.

I love that the highest percentage of income is given to Bitcoin. Among other areas of diversification Charles-Tim mentioned, Bitcoin is the most safer option and comes with greater profits in the future due to it very high level of volatility so it's best that much income is channeled into that area to secure more profits in the future. Memecoins are funny Cryptocurrencies that comes with very righ risks cause they can be pumped and dumped by the project owners at any given time compared to Bitcoin that's decentralized and has the potential of improving to a more higher price in future thereby giving investor more profits.

Investors that choose to priotise memecoins should thread with caution and invest on what they can afford to lose, for instance, investing 5% out of 100% of one's income on memecoins is sensible and the investor has to monitor the coins at all times to know when to take profits. However if i were to invest on Memecoins I'll priotise coins like Doge, Pepe or Trumpcoin that currently trending in the market.

Callido

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If you are able to bear losses then invest into memecoins, most altcoins and memecoins are the risky kind of investment when we talk about cryptocurrency investment, whatever case maybe Bitcoin isn't risky, at what price you buy just left to hold for time being, it's always a promise that soon their will be price change, profits are always ensured when dealing with Bitcoin.

Don't put all you get into memecoins, diversifying your funds into separate halves, also knowing that memecoins are risky and just like gambling, if you do not understand this risk factors then avoid going into memecoins instead just stick with Bitcoin totally.

Perfectbaby

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Quote from: Charles-Tim on January 23, 2025, 08:03:53 PM

You have 100% money. You can use 30% on investment. From the 100% of the 30%, you can invest 70% on bitcoin, 10% on trading, 10% on gambling and 10% on altcoins which memecoins can be among.

Other people can have different strategies but it should still not be beyond using the amount of money that you can afford to lose on something risky. Memecoins are risky.

Equivocally, we can say in all total percentage of someone income we should only spare little amount from their income, like allocating a only what we can afford to risk such as you have mentioned but through what we have it can be split among the market for investments, trading and gambling.
Only what we can afford to lose is advisable, because you never can tell how the market could play out to be. A total percentage of 500$ monthly income, $100-$150 can be used for investments or trading and 10-30$ can also be used for gambling from the $150, with this you can control your risk level although, this amount is also high depends on our risk tolerance.

Frankolala

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Personally, I wouldn't invest in any coin apart from bitcoin because I am after piling up wealth for my old age and not to be gambling and waste the resources that I can use to get a better life at old age. People should know what they want and the difference between long term asset which I bitcoin and altcoins whose future is not certain to be profitable in the long run. With bitcoin your capital is safe as long as you hodli for long without trading.

Charles-Tim

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Leading Crypto Sports Betting & Casino Platform

You have 100% money. You can use 30% on investment. From the 100% of the 30%, you can invest 70% on bitcoin, 10% on trading, 10% on gambling and 10% on altcoins which memecoins can be among.

Other people can have different strategies but it should still not be beyond using the amount of money that you can afford to lose on something risky. Memecoins are risky.

Eres1

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With the word crypto currency on the rise in world and with an acceptance level across the world especially in Nigeria it's time that my Nigerian people should know that Bitcoin is not just any crypto project like any of those coins that are over crowding the coin market and that Bitcoin is the key to the financial system of the world in the future with a fast growth rate over a given period of time which has helped Bitcoin becomes more successful infact am really surprised when ever I see how Bitcoin has suppased all expectations because when Bitcoin started a lot of people refused to take it even for a dollar but today The story is different as Bitcoin is the hope and vision of many so my Nigerian people when going into crypto don't invest your hard earned money into any meme coin that you're not sure of growth in the future but invest into Bitcoin because Bitcoin is proven and trusted over the years

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