Invest only in Bitcoin and never invest in shitcoin - page 2.

peter0425

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Quote from: radjie on November 29, 2023, 02:45:27 AM

Quote from: Samlucky O on October 04, 2023, 01:49:46 AM

Although some people were pretty lucky to make alot of dollars from shitcoin, but mine didn't work out in any ways, so I would like you guys to shear your ideas on this an the possible solution.

Not everyone likes investing in Shitcoin, therefore Shitcoin can be easily manipulated in price. Even Shitcoin price movements can easily reach their lowest point in a short time. In my opinion, people can profit from Shitcoin just by chance when they get the right moment, most of them will experience losses if Shitcoin is used for long-term trading.

I don't know if there are others that uses SHitcoin for long term holding ? what I do know is that others that keeps those shitcoins in their folio are the one who was being trapped and decided to keep them instead of selling in super low prices.
because instead of being complete loser they are praying that one day those coins will still have value(hoping really bad)

radjie

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Quote from: Samlucky O on October 04, 2023, 01:49:46 AM

Although some people were pretty lucky to make alot of dollars from shitcoin, but mine didn't work out in any ways, so I would like you guys to shear your ideas on this an the possible solution.

Not everyone likes investing in Shitcoin, therefore Shitcoin can be easily manipulated in price. Even Shitcoin price movements can easily reach their lowest point in a short time. In my opinion, people can profit from Shitcoin just by chance when they get the right moment, most of them will experience losses if Shitcoin is used for long-term trading.

arhipova

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Quote from: Samlucky O on October 04, 2023, 01:49:46 AM

Bitcoin is the father of all crypto currency. The name is an eye opener to crypto, and has brought or attracted many people into crypto currency today. And has continued to stand firmly without fading.

Many turn into shitcoin investor. After knowing about Bitcoin. Unfortunately it didn't work out the way they thought.
I am a tipical example of that. when I heard about Bitcoin how it started from $0.01 to thousands of dollars I thought shitcoin also has that potential. I was working and was investing in valueless coins thinking dey will be like Bitcoin. but never did as Bitcoin. all gradually disappeared. And that made me regret no investing it on Bitcoin then.

Although some people were pretty lucky to make alot of dollars from shitcoin, but mine didn't work out in any ways, so I would like you guys to shear your ideas on this an the possible solution.

Those who have less risk appetite should stick with bitcoin. Because fluctuations in price of bitcoin is less as there are lot of individuals and companies truly believe in this.

But there are some people who have good risk appetite. They can get higher rewards as well by investing in alt coin. Here also, you have to select the alt coin after lot of research and go with coins with solid founders and a good use case.

bitterguy28

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Quote from: criptoevangelista on November 28, 2023, 11:56:25 AM

I will give an example about this. As there are many people waiting or looking for a new Jesus Christ, there are also people waiting or looking for a new Bitcoin. This will never happen, they are unique things, there is no way to do them or be the same, everything after that are cheap copies and serve to catch greedy people. Can you make money with other "currencies"? Of course it can, but in the end only bitcoin matters.

OP's story is considered as a greedy way of treating crypto investment because he had admitted to me first invest in bitcoin and made money on it , but he felt not contented and extend His investments in shitcoin an yeah thinking that he will be heading towards easy profit but he ended up losing and not blaming His past and tries not to make the same mistakes again so he is promoting Bitcoin investing only and not to altcoin that I also fully support .
just let go those trying to call them the next bitcoin because even how hard they do? still bitcoin is Bitcoin and nothing can beat it.

nutildah

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Quote from: Learn Bitcoin on November 29, 2023, 12:03:34 AM

It's not like I didn't know there were some decentralized coins apart from Bitcoin. I know that.

Well that's not what you said earlier.

Quote from: Learn Bitcoin on November 29, 2023, 12:03:34 AM

But If you look at the number of Cryptos and the number of decentralized coins, I guess the percentage is less than 2%. ...
So, "Rest of them are centralized shit" should be "Most of them are centralized shit" to make it acceptable.

Again, you're not defining what "centralized" vs. "decentralized" entails... You are projecting some arbitrary, unknown standard. There's definitely different metrics by which decentralization can be measured, which in addition to what I mentioned earlier also include mining pools as a % of total hash rate, the service providers of node hosting, and % of coin supply held by individual wallets. All of these things can affect a cryptocurrency's level of centralization/decentralization.

peter0425

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Quote from: Samlucky O on October 04, 2023, 01:49:46 AM

Bitcoin is the father of all crypto currency. The name is an eye opener to crypto, and has brought or attracted many people into crypto currency today. And has continued to stand firmly without fading.

No debate on that because Bitcoin indeed is the pioneering and the number one till this very moment.

Quote

Many turn into shitcoin investor. After knowing about Bitcoin. Unfortunately it didn't work out the way they thought.
I am a tipical example of that. when I heard about Bitcoin how it started from $0.01 to thousands of dollars I thought shitcoin also has that potential. I was working and was investing in valueless coins thinking dey will be like Bitcoin. but never did as Bitcoin. all gradually disappeared. And that made me regret no investing it on Bitcoin then.

maybe because you are greedy? or not asking the community about which and what coin to invest and yes you fail on that part.

Quote

Although some people were pretty lucky to make alot of dollars from shitcoin, but mine didn't work out in any ways, so I would like you guys to shear your ideas on this an the possible solution.

you have learned your lesson mate, now at least you only trust Bitcoin to invest for?
just keep it up and keep the investment flowing .

Bitcoin_people

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Quote from: Samlucky O on October 04, 2023, 01:49:46 AM

Bitcoin is the father of all crypto currency. The name is an eye opener to crypto, and has brought or attracted many people into crypto currency today. And has continued to stand firmly without fading.

Many turn into shitcoin investor. After knowing about Bitcoin. Unfortunately it didn't work out the way they thought.
I am a tipical example of that. when I heard about Bitcoin how it started from $0.01 to thousands of dollars I thought shitcoin also has that potential. I was working and was investing in valueless coins thinking dey will be like Bitcoin. but never did as Bitcoin. all gradually disappeared. And that made me regret no investing it on Bitcoin then.

Although some people were pretty lucky to make alot of dollars from shitcoin, but mine didn't work out in any ways, so I would like you guys to shear your ideas on this an the possible solution.

Bitcoin is one of the best digital currencies, and this currency is the most trusted by people. Bitcoin is currently the most popular and is the most secure and profitable. If you invest in sheetcoins, you will have money at risk, when you invest in bitcoins you don't have to face such risk. Anyway bitcoin investment is a safe trust but when you invest in altcoin you have the highest chance of losing money and it is the highest risk. If you look at the history of Bitcoin, you will see that Bitcoin has risen from zero to thousands to become one of the most popular and influential currencies today. But there are many investors who can make huge profits by investing in Shitcoins, but most of the time they lose it. So I think investing in these shitcoins is most stupid and not security at all, so always bitcoin is best for long term investment and high profit.

Learn Bitcoin

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Quote from: nutildah on November 28, 2023, 11:32:48 PM

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It's not like I didn't know there were some decentralized coins apart from Bitcoin. I know that. But If you look at the number of Cryptos and the number of decentralized coins, I guess the percentage is less than 2%. According to coinmarketcap, there are 2M+ Cryptos, but how many of them are decentralized? I accept that the word "Rest of them are centralized shit" is not a correct statement. I wrote it intentionally to show my opinion about alts.

I don't know how other crypto programs get changed, but a Bitcoin developer cannot add/remove a feature from it whenever he wants. The majority of the developers have to agree with the changes. I feel that their official team changes most crypto codes, and they can make any changes they want.

I realized the importance of the maximum supply limit after the Terra Luna saga. Their developer was increasing the supply limit, and the coin was dumped like hell. I was thinking it was possible because it was fully a centralized shit.

So, "Rest of them are centralized shit" should be "Most of them are centralized shit" to make it acceptable.

nutildah

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Quote from: Learn Bitcoin on November 28, 2023, 08:01:03 AM

So that you know, Only Bitcoin is Bitcoin! The rest of them are centralized shit!

Cmon man, what are you talking about? Are you basically suggesting that whatever amount of nodes Bitcoin has, that is arbitrarily the minimum required for decentralization? So when Bitcoin had less nodes than other coins do now, it wasn't centralized? Do you go by global dispersion of miners? Or do you go by development decision-making process? If its the latter two, then Bitcoin isn't the most decentralized. Let's go by the first one for argument's sake.

Current node count for major cryptos:

Bitcoin - 49,944
Ethereum - 7,914
Dogecoin - 6,732
Monero - 3,515
BNB Smart Chain - 2,242
Solana - 1,960
Litecoin - 954
Polygon - 183

https://www.reddit.com/r/CryptoCurrency/comments/12spjfx/most_decentralized_cryptos_by_number_of_full_nodes/

Simply put, its dumb to say "only Bitcoin is decentralized" for multiple reasons. You are arbitrarily defining what decentralization entails to make sure that only BTC meets this definition. Rather, its a granular scale, from most centralized to most decentralized.

I know "rah rah go bitcoin, bitcoin over all"-type posts (or threads, like this one) often results in getting easy merits from loose merit-givers, but it leads to misunderstanding and incorrect generalizations. A basic dumbing down of thought in order to root for a home team.

Essential10

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I believe that investing in Bitcoin can be a profitable venture as long as it is done responsibly and the risks involved are carefully considered. But Bitcoin also offers a level of security and privacy that traditional currencies do not. Transactions are stored in a public ledger, making them secure and transparent It is true that Bitcoin has been around for a long time and is generally considered more stable than other cryptocurrencies, but it is not correct to say that all other coins will lose you money or that their markets will suddenly disappear. Many alternative cryptocurrencies (altcoins) have shown promise in technology and innovation, and some investors have seen significant returns on their investments. Ultimately, the decision to invest in Bitcoin or other cryptocurrencies is an individual's decision. But I would say Bitcoin is the only investment that will protect your future.

criptoevangelista

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I will give an example about this. As there are many people waiting or looking for a new Jesus Christ, there are also people waiting or looking for a new Bitcoin. This will never happen, they are unique things, there is no way to do them or be the same, everything after that are cheap copies and serve to catch greedy people. Can you make money with other "currencies"? Of course it can, but in the end only bitcoin matters.

gabbie2010

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Quote from: icalical on October 04, 2023, 10:14:49 AM

I would never prohibit anyone to buy anything including shitcoin, because it's their money, and it's their choice, tho if I know the person personally I would advice them to do more research on those shitcoin, and prepare for the worst. I know that most of the altcoins is just a fraud, but many of them is also worth buying.

Of course it's their money however it good to advise some of them the aftermath harsh reality of investing in shitcoins, since you already had a first hand information about it worthlessness, experience is the best teacher thus it's better to tell them fact about investing in shitcoins before they embark on their own research, investing in shitcoin is very risky however I don't know why many newbies are putting their hard earn money on it probably they been entice by the likely reward of 100x profit within the shortest period of time which are empty promise and unrealistic.

Negotiation

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Quote from: Learn Bitcoin on November 28, 2023, 08:01:03 AM

What does it even mean? Ethereum BNB is good coin and you suggest investing in Bitcoin.

Here I meant that Bitcoin is the main coin but besides Bitcoin and BNB and other coins give very good profit so my suggestion was to go with Bitcoin. Besides this if one wants to invest in any other coin then it should be done in BNB/ETH or one of the main/mother of coins, that are there then shitcoin coin is mostly seen as cheating. For example you will see that new coins that come out do not last very long in the market.

Quote from: Learn Bitcoin on November 28, 2023, 08:01:03 AM

The suggestion in this line is not bad, but what kind of logic is this?

The main argument is that bitcoin is better than shitcoins and it gives much longer-lasting profits and those who are with it are there for a long time.Since many people hold other coins as well as bitcoins, some other coins should be held along with bitcoins which are useful for practical and training later.

In addition to some major coins, others who invest, such as new tokens, come out and from there, people lose most of the time.

leonair

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Quote from: GeorgeJohn on November 28, 2023, 10:06:52 AM

You can be diversified in terms of cryptocurrency investment because in cryptocurrency investment you don't know the one that will be profitable for you when you invest in them, I believe that in bitcoin investment, many people invest in bitcoin due to the currency and the technology of the currency is more preferable than any other ones and bitcoin have a very big potential than others, so don't bag your eggs in one basket should incase something terrible will affect your bag, so I believe that cryptocurrency investment should be diversified, select at most ten [10] different coins and invest and ensure that they are coins that is very volatile, than investing in one particular coin, so if their is a bullrun, the coins you invested on can be propagate.

Not only bitcoin or only altcoin should choose multiple coins for investment so that one can recover the loss of the other, it will reduce the risk a lot. And the less risk you have, the more relaxed you can hold. And if you invest only on one coin, the risk increases and the possibility of loss increases. So whatever amount you keep in your investment budget, divide it into several parts and invest in multiple coins, but put relatively more in Bitcoin.

Zanab247

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BTC is the best investment that can guarantee you, that you will achieve some thing special that will change your mind to increase your capital in the future because whenever BTC price begin to pump higher in the market, other cryptocurrencies price will begin to pump too. Shitcoins investment is not too reliable like BTC investment because, you can invest big money on shitcoins in the bear run, hoping that the price will increase higher in 5 years later, but to discovered that the coins has disappear from your wallet.

Since, I know BTC till now, I have every reason to be confident in hodling my BTC long to achieve what bitcoiners are achieving in their long hodling which is the best strategy to earn well from your investment.

super bako

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Quote from: Blitzboy on November 28, 2023, 07:56:42 AM

Quote from: Outhue on November 28, 2023, 06:26:51 AM

I've invested in a lot of shitcoins in the past and the reason why they failed is because they are all bad projects, some projects that are so useful today are all from.2019 and 2020, like Matic, Avalanche, Solana, there is no way you would have lose money investing in the projects unless you held them through the bull market and they dump, but still they are building.

These projects are not as strong as Bitcoin, that's a fact but it's ridiculous to believe that all other alternative coins are bad, instead of joining the crew of alt haters I use them to make money than Bitcoin and buy more Bitcoin with my gains.

Many people are already hating on Bitcoin Ordinals because of the transaction fee, some are calling it shitcoin type of 2023 but let's wait and see how many will make crazy gains from Ordinals, I believe it's going to happen, they might die later but if you know how the whole market works you will do so better.

Calling all altcoins "bad projects" simplifies the ecosystem. Matic, Avalanche, and Solana have been useful since their start. Their shifting performance shows that the cryptocurrency market relies on innovation, not simply Bitcoin.

Altcoins have contributed to blockchain, but Bitcoin is a pioneer. Their numerous applications and technological advances expand blockchain utility beyond Bitcoin. Its about acknowledging altcoins' place in the growing digital currency story, not hostility. Many fail, but their experiments lead to breakthroughs.

Skepticism about Bitcoin Ordinals is normal. Its too early to call it the "shitcoin of 2023." Every new crypto initiative, including Bitcoin, merits study and scrutiny. Success in this field is a spectrum where even "failures" help us understand the blockchain

bitcoin will not be defeated by other altcoins, various ways new projects emerge creating innovations just to complement the same uses. but the business competition in the crypto world is extraordinary. So that the investment field is full of these respective criteria, it becomes the main thing for investors to adjust to their wishes.

GeorgeJohn

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You can be diversified in terms of cryptocurrency investment because in cryptocurrency investment you don't know the one that will be profitable for you when you invest in them, I believe that in bitcoin investment, many people invest in bitcoin due to the currency and the technology of the currency is more preferable than any other ones and bitcoin have a very big potential than others, so don't bag your eggs in one basket should incase something terrible will affect your bag, so I believe that cryptocurrency investment should be diversified, select at most ten [10] different coins and invest and ensure that they are coins that is very volatile, than investing in one particular coin, so if their is a bullrun, the coins you invested on can be propagate.

YOSHIE

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Quote from: Samlucky O on October 04, 2023, 01:49:46 AM

Although some people were pretty lucky to make alot of dollars from shitcoin, but mine didn't work out in any ways, so I would like you guys to shear your ideas on this an the possible solution.

For me, investing in crypto has different principles and beliefs, I think investment is more about individual beliefs, for you shitcoins don't bring you luck, but not for other people, In fact, they think Bitcoin doesn't bring them much luck, even though Bitcoin is a type of crypto that can be relied on in trading and investing.

Well, some of us have a different view, some of them shitcoin can generate thousands of dollars at a cheap price when invested, considering the price of Bitcoin is very high, they think the profits are very small, because they have to spend a lot of capital, small profits, small capital shitcoins and big profits.

However, whatever the resulting frequency in investment achievements, those who are patient win, regardless of the type of crypto.

Adams0001

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Quote from: kotajikikox on November 28, 2023, 03:13:31 AM

Shitcoin is where risk takers put their money and we cannot blame them from that attitude because it is their money and to decide.

But your subject is correct that if we wanted the safest investment in crypto world , then better to out your funds only in Bitcoin but this will take time mate and cannot be done as easy as that.

try not to be lured in wrong decisioning , try also to diversify with other altcoins but yeah majority of funds will be In bitcoin.

Everybody's mind is different and you can't tell them what to invest on, because they know bitcoin is the best investment that you won't worry about and reduce your risk, but they decide to invest in another coin to get profit, in my point of view, if you are an investor you won't depend on one coin is better you invest in another coin and get some experience, because you need to be taking risk if you want to succeed in crypto journey, But if you don't want to take much risk, you should just invest in bitcoin and forget about other shitcoins because if you see some coins that are free and decide to invest in them, you may lose your money because he may decide not to increase as much as you want or he may drop more than your investment. My first investment is in bitcoin because I don't know of any other currency that is as good as bitcoin, but later on I try to risk in another coin to make money and learn about it, but just invest in bitcoin if you don't like taking much risk that is the best option.

Learn Bitcoin

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Quote from: Negotiation on October 10, 2023, 04:24:37 AM

Bitcoin is not likely to be scammed and will not run away like shitcoins. But Ethereum BNB is a very good coin to invest in bitcoin as well as altcoins. If you hold them you can profit from these currencies along with bitcoin.

Your post is full of contradictions, bro! Make sure you know what you are writing. Just writing random things is not a way to join a discussion. You said, Ethereum BNB is a very good coin to invest in bitcoin. What does it even mean? Ethereum BNB is good coin and you suggest investing in Bitcoin. The suggestion in this line is not bad, but what kind of logic is this?

In the very next word, you also suggest altcoins so they can profit from these currencies along with Bitcoin. But in the first part of your post, you said shitcoins are likely to scam. So that you know, Only Bitcoin is Bitcoin! The rest of them are centralized shit!

Topic: Invest only in Bitcoin and never invest in shitcoin - page 2. (Read 1611 times)