Focus more on accumulating Bitcoin rather than memecoins

Ishicryptic

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Quote from: CryptopreneurBrainboss on January 30, 2025, 02:14:26 AM

Quote from: Eres1 on January 23, 2025, 07:54:38 PM

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

Memecoins are a gamble and only meant for gamblers so If you no be gambler, no go dey put your money there because e go, go. No take memecoins gamble as investing as the outcome from actually investing and memecoins gambling can't be the same. Say you run the memecoin matters and e favour you no mean say you go advice others to do the same because you guys grace mightn't be the same. But for Bitcoin everybody wey buy they get the same benefits depending on the quality wey you buy. Bitcoin go fit fall and e go rise again but e no dey sure for memecoins because say for starters, they don't have a long life span. As we dey advance for the market na so new ones are being created and the old ones becomes absolute. See as after Trump launch e own na so e wife come out and Trump own begin to dey loss money, na so the memecoin market just be but Bitcoin na Bitcoin and baba.

Bitcoin investment remains number one and the most trusted cryptocurrency that any crypto investors can hold without fear that it will crash and they will lose all their money. Bitcoin has built a solid reputation that it has the potentials to always be profitable on the long term. The same cannot be said for altcoins, perticularly memecoins that have the reputation of pump and dump, investing in them is a very big risk because facts have shown that many people have lost their money in memecoins investments. I agree with you that everybody that wants to invest in memecoins should be a gambler, they are the people who understands risk taking, they know that it is supposed to be held on a short term. If they are lucky they take profit and runaway before it can become obsolete because they have short lifespans. Newbies that don't know how memecoins are designed will continue to hold in the hope that the price will rally but they will not know that they are holding onto dead tokens.

Shadiq

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Considering the diversification in investment, I do not see investing in memecoin as a negative at all. Bitcoin is a reliable and long-term investment with a low risk, in which case it may be better to use 70-80 percent of the money allocated for investment for Bitcoin investment. Since memecoins are very risky, in that case you can trade there with small amounts of money like gambling. However, it is important to control emotions in memecoin trading. If you cannot control emotions, then you should limit your Bitcoin investment. Because, it is more important to keep your money safe than diversifying your investment.

SuperBitMan

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Yeah you are right, one should avoid investing in meme coins because they are very risky and never reliable, however Bitcoin investment has always been reliable and right now a lot of people are now adopting it and even some countries have created a Bitcoin reserve, if you check the history of Bitcoin growth you will find out that Bitcoin is a reliable coin it's volatility has not stopped it growth and as time goes on Bitcoin will become more valuable in price.
Meme coins should be avoided because a lot of them are scam, there was something that happened some time ago where a music star called Davido created a coin and named the coin Davido and he bought same coin with huge amount of money and then advertise the coin in all his social media platforms and his fan all over world went and bought the coin and the coin started growing in price value and before you know it the music star davido sold all his meme coins there by making huge amount of money and some who sold fast too made money and the rest lost, meme coins should be avoided if you most invest in it use only 1% of your discretionary income to do that.

CryptopreneurBrainboss

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Quote from: Eres1 on January 23, 2025, 07:54:38 PM

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

Memecoins are a gamble and only meant for gamblers so If you no be gambler, no go dey put your money there because e go, go. No take memecoins gamble as investing as the outcome from actually investing and memecoins gambling can't be the same. Say you run the memecoin matters and e favour you no mean say you go advice others to do the same because you guys grace mightn't be the same. But for Bitcoin everybody wey buy they get the same benefits depending on the quality wey you buy. Bitcoin go fit fall and e go rise again but e no dey sure for memecoins because say for starters, they don't have a long life span. As we dey advance for the market na so new ones are being created and the old ones becomes absolute. See as after Trump launch e own na so e wife come out and Trump own begin to dey loss money, na so the memecoin market just be but Bitcoin na Bitcoin and baba.

Princess Leah

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Quote from: Igebotz on January 26, 2025, 03:23:27 PM

Quote from: Eres1 on January 23, 2025, 07:54:38 PM

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

I trade memecoins and invest a portion of my earnings in Bitcoin. Trading memecoin does not preclude anyone from owning Bitcoin, and I am confident that 90% of memecoin traders also own Bitcoin.

The goal for most traders is to profit as much as possible from memecoins in order to increase their BTC holdings. It is risky, but with a strategic plan, you may make some good money. It's a rapid in/out scheme.

That's are very good mode of diversification and I see no harm in it since you're not trading with Bitcoin, infact channeling of profits from memecoin into Bitcoin is the wisest decision that anyone who's into Cryptocurrency would make, since Bitcoin is the best coin when one is thinking of using Cryptocurrency for investment option, it's like channeling a capital gotten through a risky process into a more safer and better option to get more profits in future.

Though the risk involved in it is very high but there's no doubt that people make good profits from trading memecoins, with a good market analysis and risk management there's a possibility of huge returns with time and it would be wise to channel the profits to a more profitable area of which Bitcoin is not a bad idea.

CryptoHeadlineNews

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Due to the high volatility of meme coins and the quest to want to get quick overnight are the major reasons many people invest in meme coins, which are literally no different to gambling due to it's high risk level. Because one thing most people fail to understand is that just the same way your $10 invested in meme coins may turn to over $1000 or more, so do they also stand the chance of losing everything in that same mere few days too. And as such, it's advisable people stick to investing only in Bitcoin, despite it's slow value increase.

Marykeller

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Quote from: Callido on January 24, 2025, 09:56:33 AM

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.

Every investment comes with its risk, depending on how it is followed and how it is being visualized. Bitcoin has its risks, although it is less risky than we can have it when compared with other altcoins.

The difference between Bitcoin and altcoins is that if Bitcoin declines in price, in the short term, it bounces back in price. Someone can't give the same account for altcoins because they don't know what the future holds for the altcoins they put their trust in. For altcoins to recover their previous high price in the short or long term. For that reason, that makes diversification remains the best approach to crypto investment. You can choose to have your portfolio made up of Bitcoin, altcoin, or memecoins investments.

Zackz5000

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Quote from: ? on January 24, 2025, 01:34:05 PM

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.

Puting Money is memecoin is a big waste of time it is also advisable to put 10% of your income into memecoin or shitcoins because of its risk involved so that you won't feel much of the pain if your money gets lost.
Investing into bitcoin is the best thing one can do for himself, one can immediately start accumulating Bitcoin if the discretionary income is ready, by using the DCA strategy one can start accumulating Bitcoin gradually either weekly or monthly regardless of the price of Bitcoin and HODL for long, bitcoin also has great potential than memecoin or shitcoins so focusing on accumulating Bitcoin without been distracted by memecoin is the best way to go.

Samlucky O

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This matter has been emphasized repeatedly so many times and we are used to it. Just that you are a newbie and may even be the one that need this advise the most. Many of us here has pass through thick and thin about different alt coins that look promising and later where known to be scam all way long. So in general conclusion investing in altcoin is determined by the investor, the mathematic has be solved already by @charls-Tim and I agree with him. Or better still you can invest %90 in Bitcoin and %10 in altcoin. if anyone insist on wanting to try out altcoin then %10 is ok to gamble with.

sokani

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Your advice dey good. Memecoin nah coins wey we suppose stay far away from because dem be pump and dump. Dem no get use cases, dem dey thrive on hype and wen the hype die, the price go drop and in most cases the token no go recover again and you go lose your money. Instead of wasting your money on that kind project, e better to buy Bitcoin and hodl and when you eventually sell you go make profit. Aside Bitcoin, other blockchain based coins like SOL, BNB and ETH nah also better coins wey dey good to invest.

GiftedMAN

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Quote from: Igebotz on January 26, 2025, 03:23:27 PM

Quote from: Eres1 on January 23, 2025, 07:54:38 PM

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

I trade memecoins and invest a portion of my earnings in Bitcoin. Trading memecoin does not preclude anyone from owning Bitcoin, and I am confident that 90% of memecoin traders also own Bitcoin.

The goal for most traders is to profit as much as possible from memecoins in order to increase their BTC holdings. It is risky, but with a strategic plan, you may make some good money. It's a rapid in/out scheme.

I stopped trading memecoin because it doesn't work for me and I do not discourage anyone who takes profit from trading memecoin to invest in Bitcoin because most times a pump in memecoin can give you a profit of x10 depending of you strategy but the loss is usually heavy because most of them are pump and dump coins.

So many traders focus on memecoin trading to generate profit to do Bitcoin investment they many not be open about this but if you look at most of the profits generated by traders the majority of it comes from trading memecoin but I still find it difficult to get the right strategies may be that's why I haven't made profit yet.

?

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Quote from: Eres1 on January 23, 2025, 07:54:38 PM

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

Investing in either of these two is a matter of choice, regardless of the advantages or benefits involves in them.

No doubt bitcoin is a high valued coin that appreciate over time which I know well, regardless, the next man can still go for shitcoin over bitcoin because he want a quick money which turn out to be a big lost to him at it end.

However, I consider splitting your investment funds could be the best way out to this thread. By putting atleast 60% to bitcoin investment, 20% to gamble investment (shitcoin) and 20% as a reserve funds (emergency funds).

EluguHcman

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Really the manner by which the crypto firm has been flooded with some what meme coins after Bitcoin has made it the industry a dream comes through with those potential interests of digital and decentralized volatile currency should be enough reasons to be careful of investing in the meme coins.

I love the fact that this thread is in the Nigeria local board because I would love to refer this phrase of meme coins and Bitcoin to be meme coins are imitations of Bitcoin and in our dear reality life as Nigerians, we can only get the best quality products from which maker (product) that was firstly produced before other inventors ventures to reproduce it or similarly.

Bitcoin as the first successful Crypto currency existed since 2009 and has never disappointed instead it is gaining not just dominance but also expanding on it potential values is that one crypto currency to invest on especially if we are not good of gambling with our funds because investing in the meme coins is highly risky as gambling due to it market hypes and high volume of volatilities.

Sticky Bomb

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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.

Your strategy is very good as long as it helps you achieve your aim which is very important, I have a rather slightly contrary belief to that extremism in bitcoin investment. There's some cool projects that are still in their beginning phase, just like bitcoin in 2009 and its cool to invest very little amount into it. Although they cannot be compared to bitcoin, but there's nothing wrong in spreading your tentacles.

I use those altcoins investment just like gambling and I just invest what I can afford to loose on them, it doesn't hurt since I use same amount or even more than that to gamble and still loose it without being disturbed, who knows if the projects becomes prominent and appreciates in value pretty soon, I might well be one of their early adaptors and reap good profits

Egii Nna

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Accumulating bitcoin is not always the key; that is why we say you need more knowledge as a newbie, so that you can make analysis and take risks to invest in other memecoins so that you can get much profit. I didn’t say investing in bitcoin will not give you profit. No, it will give you but it depends on the amount you invest, but other memecoins can still give you 5x - 3x of your minor even more. So having knowledge about crypto entirely will make you know that bitcoin will not give you quick and fast profit, but it is the surest coin that will hardly crash down all your money. That is why investing in memecoins is very risky, and it is not everyone that succeeds from it, so get more knowledge.

Promocodeudo

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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.

You're are absolutely in the right track, when I see people considering to invest in altcoins it gets me irritated because most time people that are trying to take this steps are even OGs so it is funny, though I understand their reasons for this which is making fast profit and high one in that matter which not still a sure thing, for me what matters to me as a bitcoiner is my bitcoin portfolio and how many stack of Bitcoin I will be able to accumulate as soon as possible and hodl for a long-term, am a Bitcoin enthusiasts and am not going back on that, many people has lost a lot in altcoins investment as such many of them are even ashamed of sharing the story because they feel they'll be mocked based the fact that people will say they already know that this will happen and they still went ahead to do it.
How will someone even think of investing in a pump and dump coin that's capable of ruining individual financially, though it is a personal decision but if am to advise, I think it is better for us to concentrate on Bitcoin investment alone to build a strong portfolio for our future and the future our children as the case may be.

Igebotz

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Quote from: Eres1 on January 23, 2025, 07:54:38 PM

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

I trade memecoins and invest a portion of my earnings in Bitcoin. Trading memecoin does not preclude anyone from owning Bitcoin, and I am confident that 90% of memecoin traders also own Bitcoin.

The goal for most traders is to profit as much as possible from memecoins in order to increase their BTC holdings. It is risky, but with a strategic plan, you may make some good money. It's a rapid in/out scheme.

Cryptoprincess101

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

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?

Yeah, those who are already aware of the risks associated with cryptocurrency uses amount they can afford to lose to invest with so that incase of losses, it won't trouble their mind at all.

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

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.

No talk o, e get people wey dey invest with greed and those kinds of people no dey even care if them lose the money or gain, their mentality na just say if dem succeed so that the money go long. People sef dey carry all their life savings sef invest for all these shitcoins dem dey feel say dem go get rich quick if the coin rise. Even for person wey still dey invest in bitcoin, they still need to invest with money wey no go affect dem.

Asiska02

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If it has to do with memecoins don’t fall for that scam thinking that you’ll make a lot of money from it. The crypto world is not built on making success through memecoins. They are short time gains that when you fail to buy when you’re suppose to or sell when the time is right, you’ll end up losing your hard earned money you’d invested into them. The cryptocurrency initiative is built on long time prospect coins that you can depend on and still has value for your money anytime, if not even more than what you’ve invested into it initially. The crypto market is very volatile and all coins accept this volatility ha exhibit this nature in them. Only few coins like bitcoin can resist that volatility nature and still regain back its value in the long run. Bitcoin still stands out amongst them to be the best to invest in, so anything that has to do with investing in memecoins should just be for taking risk.

DPHOR

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Quote from: Charles-Tim on January 26, 2025, 03:50:25 AM

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.

I came across this post the other time but I was like how could he be that doom to use such amount for trading or investing into memecoin and looking at $1m its a bit arguably that how someone could used such amount to go trade meme with all the saying that people usually says that memecoin is not worth investing on, this was same reason why I created that topic to asked about if I can invest in that memecoin.

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.

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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.

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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

full member

Activity: 162

Merit: 104

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

member

Activity: 194

Merit: 62

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

jr. member

Activity: 36

Merit: 23

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

full member

Activity: 162

Merit: 104

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

hero member

Activity: 952

Merit: 617

Leading Crypto Sports Betting & Casino Platform

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

legendary

Activity: 1512

Merit: 4795

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

newbie

Activity: 15

Merit: 1

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

Topic: Focus more on accumulating Bitcoin rather than memecoins (Read 272 times)