I used to invest a lot (aggressively) in ICOs back in 2017 when ICO were all the rage and the bull market was at its peak. Any token sale Whitelist or hyped public token sale I can get my hands on will be a go for me to participate. However, my approach changed when the bear market came and the profits dried up as fast as they filled up. After taking some time to reflect, I felt managing risks properly would be a much better play if I plan to be in the space for the long haul.
A lot of people won't agree but it's actually a zero-sum game especially with moonshots and shitcoins.
Topic: From Moonshots to BTC Maxi - Share Your Crypto Journey (Read 160 times)
Share your experiences and insights in here Whether you've fully embraced BTC as your safe havens or still enjoy the thrill of moonshot investments, let's discuss how our crypto journeys have shaped our perspectives and strategies.
I live in a country where scam is common because of the harsh economic situation. Scammers capitalize on the poverty, illiteracy, and greed of the people to swindle them of their hard-earned money. People are easily attracted to get rich quick projects because of the promise of high returns. I have seen friends and family members lose money from shitcoins that promise to make them rich. Some have also been lucky to make a fortune from these risky altcoins. I am not a good risk taker and not also in a haste to make quick money. And I don't also want to learn by experience, so the bad experiences of others is enough lesson for me. I have not had any bad experiences in the crypto sector because my only choice,, for now is Bitcoin. The stability and uniqueness of Bitcoin attracted me to it.
Bitcoin was my introduction to the cryptocurrency space and luckily for me Bitcoin was the first cryptocurrency I bought, so I can say my crypto journey started well. I purchased a small amount of bitcoin and gradually increased my hodlings from then. I don’t consider myself a Bitcoin Maximalist because I also have some investments in altcoins. I’m here for the long term and only invest in projects I believe are going to do well in the future.
I don't even think I qualify to call myself a Bitcoin Maximalist, but rather I will consider myself a strong Bitcoiner, as I'm a strong holder and, to some extent, an accumulator. But I still hold a few altcoins, which I take in as a result of taking a few profits from them. Even though it poses a great risk in terms of leading me to lose everything, I still take the risk and grab a few for some quick selling and taking profit.
I am no stranger in these waters. Not like bitcoin wasn’t my first of course it was my very first and I still prefer sticking to it but like you called it, a moonshot. I tried taking a page out of some of the altcoins out there following my evaluations that it was bound to boom.
Unfortunately, you never can be too sure with cryptocurrencies and it even gets worst with altcoins. You end up looking at your coin gets liquidated to a point where, trying to withdraw it as a means of cutting your lose comes with zero effect.
Series of these events have made me stick to bitcoin where the disappointments are way less and hodling for a long term haven’t been much of a problem for me. Still, I don’t consider myself a bitcoin maxi. I just use it the way I perceive it and the prevailing circumstance of the time.
Unfortunately, you never can be too sure with cryptocurrencies and it even gets worst with altcoins. You end up looking at your coin gets liquidated to a point where, trying to withdraw it as a means of cutting your lose comes with zero effect.
Series of these events have made me stick to bitcoin where the disappointments are way less and hodling for a long term haven’t been much of a problem for me. Still, I don’t consider myself a bitcoin maxi. I just use it the way I perceive it and the prevailing circumstance of the time.
When I know about cryptocurrency, the first coin I bought was Bitcoin, can I define I as a BTC maxi? nope because I used centralized exchange.
Become BTC maxi must to convert almost all of your wealth in Bitcoin, use decentralized exchange and non custodial wallet e.g. eliminating the centralization. It would be better if you install Bitcoin Core and run full node, this make you become the one who contributing to Bitcoin network.
Become BTC maxi must to convert almost all of your wealth in Bitcoin, use decentralized exchange and non custodial wallet e.g. eliminating the centralization. It would be better if you install Bitcoin Core and run full node, this make you become the one who contributing to Bitcoin network.
Share your experiences and insights in here Whether you've fully embraced BTC as your safe havens or still enjoy the thrill of moonshot investments, let's discuss how our crypto journeys have shaped our perspectives and strategies.
I feel that I am lucky to have this forum as a place to be getting my information and guide about Bitcoin.
How did you transition from being a risk-taker to becoming a BTC maxi, focusing on the more established and reliable assets?
It is hard to be Bitcoin Maximalist from your mind, words you say or write to your activities for capital and risk management.It is very easily to say or write something strongly like I am a Bitcoin maximalist but in reality and practically, you can not manage your capital as a Bitcoin maximalist. Altcoins have centralized coins and they are created with each bull run of Bitcoin, each new trend in cryptocurrency market and blockchain technology. When a trend is over, new technology in blockchain is developing, altcoins from a past trends will face with risk to be forgotten and dead.
Have you ever been down the exciting path of investing in low cap moonshots, only to find that the high risk didn't quite pay off? Many in the community claim that such experiences have led them to embrace the stability of BTC. We want to hear your stories!
Did you find yourself drawn to low cap investments, hoping for those high rewards, but ended up burning your fingers in the process?
Did the allure of the blue-chip cryptocurrencies like BTC gradually pull you away from speculative moonshots?
How did you transition from being a risk-taker to becoming a BTC maxi, focusing on the more established and reliable assets?
Or maybe you still prefer exploring moonshots while maintaining a balanced portfolio with BTC?
Share your experiences and insights in here Whether you've fully embraced BTC as your safe havens or still enjoy the thrill of moonshot investments, let's discuss how our crypto journeys have shaped our perspectives and strategies.
Did you find yourself drawn to low cap investments, hoping for those high rewards, but ended up burning your fingers in the process?
Did the allure of the blue-chip cryptocurrencies like BTC gradually pull you away from speculative moonshots?
How did you transition from being a risk-taker to becoming a BTC maxi, focusing on the more established and reliable assets?
Or maybe you still prefer exploring moonshots while maintaining a balanced portfolio with BTC?
Share your experiences and insights in here Whether you've fully embraced BTC as your safe havens or still enjoy the thrill of moonshot investments, let's discuss how our crypto journeys have shaped our perspectives and strategies.
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