I need your contribution and opinion - page 7.

NeuroticFish

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Quote from: Kensure on November 12, 2023, 01:28:42 PM

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin.

I would be careful with XRP and actually with the vast majority of altcoins (if not all). They tend to have the bad habbit of not being a viable long (and very long) term investment.

Quote from: Kensure on November 12, 2023, 01:28:42 PM

Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try but am still learning gradually about it.

Indeed, Bitcoin price can look scary. But as said, you don't have to buy one entire Bitcoin.
Plus, since you probably didn't start learning long ago, you may want to understand properly how to keep your coins really safe before investing big bucks in it. So starting with small steps is not that bad.

Hatchy

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Quote from: Kensure on November 12, 2023, 01:28:42 PM

Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it.

Do you mean you've bought or you want to buy some Bitcoin? It's true, currently the price of Bitcoin is still within the range of 36k-37k which might seem high for the now. If you are considering buying it will be advisable to do so now because we are currently experiencing a bull market now and it's price might be higher than what it is today. It's usually adviced to purchase Bitcoin during the dip and hodl till the ath but the price you see today might be the dip tomorrow, so If you have the money to buy, do so without wasting time.

Quote from: Kensure on November 12, 2023, 01:28:42 PM

I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try but am still learning gradually about it.

There are other cryptocurrencies you might consider, but it's generally not recommended because most altcoins are more volatile and less valuable than Bitcoin. So, investing in Bitcoin might be your best option. Right now, it's crucial to learn how to keep your coins safe and secure.

Wapfika

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Quote from: Kensure on November 12, 2023, 01:28:42 PM

I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try but am still learning gradually about it.

You don’t need to purchase whole bitcoin to hold it. You can simply purchase few Satoshi and still benefit on its price growth in proportion to your holdings instead of buying shitcoins with low price but has a massive supply.

Bitcoin supply is limited while most of the shitcoins is still has a lot to be added on the circulating supply. You can suffer huge loss on shitcoins because they are more volatile due than Bitcoin so you should stick to Bitcoin since you are still a newbie. A 10% gain on Bitcoin is still the same 10% gain on altcoins with much cheaper price.

mk4

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Simply because you don't need to own one(1) full bitcoin to take advantage of it, it's like saying buying a gold bar is expensive so instead of buying a few grams of gold, you're going to buy a turd instead.

And I personally don't even have an issue with alts — but XRP? What's your thesis?

Kensure

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I have a little knowledge but I need a guide. Bought some cryptocurrency like XRP and Bitcoin. Currently people only talk about Bitcoin but the price is very high for me to afford investing in it. I don't know why I feel like it's the only cryptocurrency worth investing and I would love to try but am still learning gradually about it.

Topic: I need your contribution and opinion - page 7. (Read 1015 times)