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Topic: It is only Bitcoin and nothing else - page 7. (Read 1574 times)

legendary
Activity: 3010
Merit: 1280
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September 22, 2023, 05:03:42 PM
#84
Like other say, you can look back, but you cannot take back; you just need to look forward if those coins is part of your past. This serves you a lot of lessons and learnings. we have different regrets in life that we didn't invest in that coin and hold, but that's the life. Also, another thing is you don't need to love those coins its part of your journey. You can make an investment and use the opportunity to gain profit; most of our goal here is financial freedom. Buy, sell, or hold and check another opportunity for another coin or position.
Generally on average them invest in bitcoin to expect returns - while only a small percentage of us get bitcoin as legal tender. The decision to only have bitcoin in an investment portfolio is never wrong - but I think they also need to minimize risks by diversifying. I'm not necessarily suggesting they do it on altcoin - but some other physical assets are worth considering.

I also agree diversifying is nevere a bad thing if we have enough funds for it.  I also suggest investing on other investments not on altcoins that we know is very risk and we may end up losing our capital if we ended up investing in scam projects.

If the main goal of investment is to return - then your advice seems very appropriate. Buy, hold and sell when you have gotten a return that worth it what you expected. The risks of bitcoin investments are worth the returns - but that's only if they plan for the long term.

Bitcoin is cyclical so we can add the reaquire and rinse and repeat part.  We should not waste the opportunity given by the ever-fluctuating price of Bitcoin due to its ever-changing bear-bull market pace.
legendary
Activity: 1064
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September 22, 2023, 04:45:42 PM
#83
Like other say, you can look back, but you cannot take back; you just need to look forward if those coins is part of your past. This serves you a lot of lessons and learnings. we have different regrets in life that we didn't invest in that coin and hold, but that's the life. Also, another thing is you don't need to love those coins its part of your journey. You can make an investment and use the opportunity to gain profit; most of our goal here is financial freedom. Buy, sell, or hold and check another opportunity for another coin or position.
Generally on average them invest in bitcoin to expect returns - while only a small percentage of us get bitcoin as legal tender. The decision to only have bitcoin in an investment portfolio is never wrong - but I think they also need to minimize risks by diversifying. I'm not necessarily suggesting they do it on altcoin - but some other physical assets are worth considering.

If the main goal of investment is to return - then your advice seems very appropriate. Buy, hold and sell when you have gotten a return that worth it what you expected. The risks of bitcoin investments are worth the returns - but that's only if they plan for the long term.
legendary
Activity: 2576
Merit: 1252
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September 22, 2023, 12:00:11 PM
#82
Like other say, you can look back, but you cannot take back; you just need to look forward if those coins is part of your past. This serves you a lot of lessons and learnings. we have different regrets in life that we didn't invest in that coin and hold, but that's the life. Also, another thing is you don't need to love those coins its part of your journey. You can make an investment and use the opportunity to gain profit; most of our goal here is financial freedom. Buy, sell, or hold and check another opportunity for another coin or position.
I do get the optimism with Bitcoin ‘coz if it is potential alone, then it has not only the potential but has proven how high its market price could increase. But to rely fully on a single asset won’t be advisable. If you’re into investment for years, then for sure you’d choose to diversify your portfolio. One reason is to lessen the risk due to factors which may affect the market in a sudden; economic crisis, wars, viruses and such. But if you’re that prepared to lose or win no matter what, then such method could work. Problem only arise when an investor isn’t ready for negative outcomes and are just being too positive just because he invested into it.
legendary
Activity: 1708
Merit: 1280
Top Crypto Casino
September 22, 2023, 10:39:27 AM
#81
Like other say, you can look back, but you cannot take back; you just need to look forward if those coins is part of your past. This serves you a lot of lessons and learnings. we have different regrets in life that we didn't invest in that coin and hold, but that's the life. Also, another thing is you don't need to love those coins its part of your journey. You can make an investment and use the opportunity to gain profit; most of our goal here is financial freedom. Buy, sell, or hold and check another opportunity for another coin or position.
member
Activity: 672
Merit: 16
Looking for guilt best look first into a mirror
September 22, 2023, 10:25:56 AM
#80

But let's see, the top Altcoin is Ethereum and no one can compete with it.
Layer2 platforms are created within the Ethereum ecosystem and more and more Layer2 chains are emerging.



Which is not necessarily good. It opened the door to the thought of all crypto being a fraud.
Maxis haven't caught on.
sr. member
Activity: 602
Merit: 306
September 22, 2023, 10:21:00 AM
#79
I was going through coinmarketcap today to see some of the cryptocurrencies I was involved in when I started, I was so surprised to see that a lot of them have even been delisted. I was heartbroken seeing that some tokens who raised millions of dollars, had huge community and were trending even in various platforms just died. I wanted to not mention any particular token but I have to mention PumaPay that raised about $8 million yet could not deliver anything and got investors holding a bag of shit.

If one can turn back the hand of time, and assuming I joined this forum early when I started my crypto journey, maybe the concept of shitcoins would have dawn on me and that would have made me convert those worthless bags to Bitcoin when I could.

I know there are other who would have similar experience too and there are still others caught up in the euphoria of getting rich through one token or the other. Well, if it is not Bitcoin, it is not worth holding.

We all agree that bitcoin is the most valuable asset that any investor can comprehend and hold, but I think there are still some tokens that are valuable enough to hold and that have remained in existence for a while now. In fact, I think the majority of investors do not only believe in bitcoin but also purchase other tokens to increase their profits. My opinion is that most people are not necessarily doing this to gain money; for example, even when the price of bitcoin is falling, the value of the token they are holding may still be increasing. I am aware that it may be challenging for you to purchase a token as though it were worthless to you, yet the majority of investors do hold this belief for tokens other than bitcoin.
full member
Activity: 1134
Merit: 140
September 22, 2023, 09:40:23 AM
#78
I was going through coinmarketcap today to see some of the cryptocurrencies I was involved in when I started, I was so surprised to see that a lot of them have even been delisted. I was heartbroken seeing that some tokens who raised millions of dollars, had huge community and were trending even in various platforms just died. I wanted to not mention any particular token but I have to mention PumaPay that raised about $8 million yet could not deliver anything and got investors holding a bag of shit.
It's good you were able to notice this yourself about how risky it could be investing in altcoins rather than Bitcoin, because imagine, had it been you had funds in those coins that got delisted, does that mean that's how you should have lost all your funds? So this should be a lesson to everyone to know that a coin investment are always just like gambling, and as such, you should always endeavor to invest an amount you can always afford to lose at all times.
Investments without proper research are obviously nothing less than a gamble, however, someone who does their due diligence and evaluates the possible outcomes before making an investment and also checks a project from top to bottom to see if it has actually got any potential or not, they won't be gambling their money this way because you will at least have a general idea about the project that you are investing your money in and you won't just be blindly trusting the promises they are making.

Someone who invests in a project just because its token has a low market cap, or because the price of the token is low and they expect that it will be high in the future, these are not really the right way of evaluating a project, you need to dive deeper into their system and find out the fundamental properties and everything that actually matters.
legendary
Activity: 2716
Merit: 1855
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September 22, 2023, 09:34:02 AM
#77
-snip-
2. ETH moved to PoS. Since this change happened, Ethereum is a different Blockchain that it used to be when I bought ETH. I don't trust / I hate all PoS blockchains. In fact I only trust and believe in PoW.
-snip-
PoS or PoW is everyone's preference, just choose which is better, Semi-centralized or Fully decentralized.
Ethereum's change to PoS does make everything centralized and makes Ethereum no longer in line with Bitcoin.

But let's see, the top Altcoin is Ethereum and no one can compete with it.
Layer2 platforms are created within the Ethereum ecosystem and more and more Layer2 chains are emerging.

Choosing Bitcoin or ETH depends on what you're buying it for.
I even have them all and the top investments are in Bitcoin and then ETH.
I'm just looking for profit and some investments for the long term.
hero member
Activity: 560
Merit: 1060
September 22, 2023, 09:22:02 AM
#76
If you already know altcoins are scams, why do you join them and blame them for being scams when you lose?

For me, everything has risk, if you have the courage to invest, you must take responsibility for your decisions, don't blame altcoins or anyone else because no one forced us to invest in them. By the way, I don't care if ETH is a scam or not, but I know that it has also brought a lot of profits to many investors, its ROI is not inferior to bitcoin.

If you mean me, personally, I must say 3 things.

1. I bought ETH because I was greedy. I made some money, as I said, then got out. So I don't call them scams because I lost money, but because, especially when NFTs came around, people created literally garbage and sold it for HUGE money.

2. ETH moved to PoS. Since this change happened, Ethereum is a different Blockchain that it used to be when I bought ETH. I don't trust / I hate all PoS blockchains. In fact I only trust and believe in PoW.

3. I don't see bitcoin as an investment, but as an opportunity to change the world order and to achieve a financial world which will be more liberal, without central banks and authorities.

Those 3 arguments are exactly the reason why I sold ETH (having gains) and went to Bitcoin only.
sr. member
Activity: 700
Merit: 380
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September 22, 2023, 09:08:54 AM
#75
Before embarking on crypto journey we must be careful about all the things and idea about how we can earn money is very necessary. When I first started out in cryptocurrency I invested in shitcoins and I saw many scams in those coins. I think it is generally wise to hold shitcoin as it should never be a long-term investment, but should be sold when it pays off. Investing in shitcoin and holding it will surely lead to scams in the future. To make money we must invest in Bitcoin which is long term and less risky with no chance of losing money. And surely we can expect good things in future if we invest in Bitcoin, Bitcoin is an asset that helps a person to become rich the most.
hero member
Activity: 1960
Merit: 547
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September 22, 2023, 08:09:20 AM
#74
It's clear how many people don't understand Altcoins, Luna crashed when the bull market is almost over, I am surprised that many people still have their Luna bags when the coins already reach a new all time high, the way you are going to play your games with Altcoins is different from that of Bitcoin, there are money to be made from both sides but with Altcoins we need to be more cautious, because Altcoins are not stable like Bitcoin.

It's peoples fault if they lose money with Luna, because there was enough time to have take their profits, Luna is a scam but it made a huge ROI, but of course, people are too greedy to take profits.

Also, why would anyone put all his or her life savings into Luna coin? If they have shared that into five different projects, Luna will be the only loss they had, Bitcoin is the best and safest risk for those who aren't good with Altcoins investment but I can't take my eye off the money that Altcoins have to offer,

In my opinion, all PoS altcoins are scams. I am kind of sceptical when it comes to new types of "assets". I don't think any them are assets. We will soon face an ugly situation where people buying all those coins will eventually get scammed or they will lose a lot of money. (YES! ETHEREUM too).

It cannot be denied that the majority of altcoins on the market are scams, even the top projects do not have guarantees like bitcoin. But we should not deny that many of them generate significant profits before they disappear. Luna is an example, why don't people take profits when they are already profitable? And then blame it for being a scam after it collapses? This is a financial market that is no different from a battlefield, where there will be winners and losers. This is not a place of charity or mutual help, everyone knows that, but because of excessive greed, there is a high price to pay. Do you want high profits? If you want, you need to accept higher risks. You cannot be greedy, you cannot want high profits and safety at the same time. If you already know altcoins are scams, why do you join them and blame them for being scams when you lose?

For me, everything has risk, if you have the courage to invest, you must take responsibility for your decisions, don't blame altcoins or anyone else because no one forced us to invest in them. By the way, I don't care if ETH is a scam or not, but I know that it has also brought a lot of profits to many investors, its ROI is not inferior to bitcoin.
sr. member
Activity: 1936
Merit: 290
September 22, 2023, 07:58:52 AM
#73
Most investors make the mistake of buying shitcoin instead of btc because their goal is to get rich with little money. I also used to buy a lot of tokens which suddenly became worthless which is why i later converted those worthless bags to btc. According to me btc is the only dependable currency that will give you special guarantee and you will get good profit anytime. At this time many smart investors keep most of their money in btc and if they go in future btc will have a good journey there will be more profit amount. Also if you buy altcoins in bear market your money will go down so follow the ATH of btc and buy at a right time.
hero member
Activity: 560
Merit: 1060
September 22, 2023, 07:34:43 AM
#72
It's clear how many people don't understand Altcoins, Luna crashed when the bull market is almost over, I am surprised that many people still have their Luna bags when the coins already reach a new all time high, the way you are going to play your games with Altcoins is different from that of Bitcoin, there are money to be made from both sides but with Altcoins we need to be more cautious, because Altcoins are not stable like Bitcoin.

It's peoples fault if they lose money with Luna, because there was enough time to have take their profits, Luna is a scam but it made a huge ROI, but of course, people are too greedy to take profits.

Also, why would anyone put all his or her life savings into Luna coin? If they have shared that into five different projects, Luna will be the only loss they had, Bitcoin is the best and safest risk for those who aren't good with Altcoins investment but I can't take my eye off the money that Altcoins have to offer,

In my opinion, all PoS altcoins are scams. I am kind of sceptical when it comes to new types of "assets". I don't think any them are assets. We will soon face an ugly situation where people buying all those coins will eventually get scammed or they will lose a lot of money. (YES! ETHEREUM too).
sr. member
Activity: 728
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September 22, 2023, 07:17:54 AM
#71
Since you brought this up, I could name multiple tokens, but allow me to share my personal experience.

I bought ETH in 2018 and kept it until 2020 when I switched to Bitcoin ONLY.

I made some money with ETH (not a lot). But thinking about it now, I would never do this again. With Bitcoin I have learnt to appreciate valuable assets in life. All those trendy, heavily marketed scams must be avoided.

It is pathetic and devastating how many people lost fortunes riding on basically air-money.

Remember LUNA? I 've seen people claiming they lost their entire savings... It's so sad.
It's clear how many people don't understand Altcoins, Luna crashed when the bull market is almost over, I am surprised that many people still have their Luna bags when the coins already reach a new all time high, the way you are going to play your games with Altcoins is different from that of Bitcoin, there are money to be made from both sides but with Altcoins we need to be more cautious, because Altcoins are not stable like Bitcoin.

It's peoples fault if they lose money with Luna, because there was enough time to have take their profits, Luna is a scam but it made a huge ROI, but of course, people are too greedy to take profits.

Also, why would anyone put all his or her life savings into Luna coin? If they have shared that into five different projects, Luna will be the only loss they had, Bitcoin is the best and safest risk for those who aren't good with Altcoins investment but I can't take my eye off the money that Altcoins have to offer,
hero member
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September 22, 2023, 06:01:21 AM
#70

Quote
I don't deny that altcoins are risky and mostly scams but honestly, I prefer a diverse market rather than just monopolistic and boring.  altcoins are risky but they offer better returns than bitcoin so investing in them is not a complete disadvantage.  if we choose the right project then we can get huge profits that today's bitcoin will never be able to do.
This is certainly not a matter of right or wrong when you want to invest, but it is related to the matter of getting more profits. So there is nothing wrong for someone who wants to put their money into an altcoin that they like as long as the return can be greater even though the risk is always there. This means that as long as it can be very profitable, there is no harm in doing it, especially if some people really like putting money in lots of places so they will feel bored if they only put it in one place.

Many bitcoin investors criticize traditional investors as stubborn, outdated, and call bitcoin a scam or just an asset with no real value.  but they don't look back at themselves, they are still as stubborn as traditional investors in asserting that bitcoin is the most valuable investment and altcoins are useless. 

You are right, there is no right or wrong here, it's all up to each person's choice.  altcoin is good or bad, profitable or not, the community knows, not just a few individuals saying it is useless, meaning it will be useless.  i even made a big profit on altcoins in 2021, just because they don't make a profit on it and they think it's useless.  so funny.
sr. member
Activity: 434
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September 21, 2023, 12:57:52 PM
#69
If one can turn back the hand of time, and assuming I joined this forum early when I started my crypto journey, maybe the concept of shitcoins would have dawn on me and that would have made me convert those worthless bags to Bitcoin when I could.

I know there are other who would have similar experience too and there are still others caught up in the euphoria of getting rich through one token or the other. Well, if it is not Bitcoin, it is not worth holding.

They say, not only can holding bitcoin get big profits, holding altcoins can also give big returns when a bull market occurs.
If you put this into percentages, you will see that the percentage of making good return on investment for altcoin is very small. If you want to experience real pain, try to put all your investment funds in altcoins and see how well you go.


There is a pattern that many people use and that is spreading their capital among trending low cap altcoins. For instance, if they have $10,000 for investment, they can decide to spread it among ten altcoin with huge marketing and hype and pray for at least one or two to "go to the moon" like they love to put it. This, sometimes work for them as the profit of two or three of them can cover the losses incurred in the others that failed and overall, they will make profit.

Even though this seems reasonably smart, I see it as gambling because it is possible the ten altcoins can fail because the percentage of failure for altcoin is as high as 95%or even more.


hero member
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September 21, 2023, 08:15:53 AM
#68
Have you heard about the Youc project,it was one of the big project.Which was used by the forum people to earn good money and project itself good value one,many people gained huge money who had their investment in the YOUC project.Mean while many shit coins was originated in the same period.Some people loss their money in the shit project too.So every periodic time period both good and evil project will survive.It’s trader responsibility to choose the good project compared to the evil one.The background verification was essential one to get escape from it.

I don't know about the project you are talking about, but there are many projects that bring profits to investors, not just bitcoin. But the thing is that altcoin projects have a very short lifespan and are more suitable for speculation than long-term investment. People who lose money from altcoins are mostly too greedy, they want to make more profits but in the end they lose everything. Whether it's bitcoin or any altcoin, there will be winners and losers, no investment will help everyone win win. For the winners, they see it as an opportunity and take full advantage of it, and for the losers, they call it a scam.
hero member
Activity: 1050
Merit: 844
September 21, 2023, 05:24:50 AM
#67
Indeed, investing in altcoins is not bad at all but we need the right time to invest in them and when the bull season comes or during the bull season is a good time to invest in altcoins. 
This means only considering a certain time when we want to bring money into altcoins, because altcoins are not suitable for long-term investments like what many people do through Bitcoin. So altcoins are only used when there are good moments, because all altcoins are very different from Bitcoin which is basically good enough and suitable for long-term investment.

Quote
I don't deny that altcoins are risky and mostly scams but honestly, I prefer a diverse market rather than just monopolistic and boring.  altcoins are risky but they offer better returns than bitcoin so investing in them is not a complete disadvantage.  if we choose the right project then we can get huge profits that today's bitcoin will never be able to do.
This is certainly not a matter of right or wrong when you want to invest, but it is related to the matter of getting more profits. So there is nothing wrong for someone who wants to put their money into an altcoin that they like as long as the return can be greater even though the risk is always there. This means that as long as it can be very profitable, there is no harm in doing it, especially if some people really like putting money in lots of places so they will feel bored if they only put it in one place.
hero member
Activity: 2324
Merit: 562
DGbet.fun - Crypto Sportsbook
September 21, 2023, 04:50:13 AM
#66
Have you heard about the Youc project,it was one of the big project.Which was used by the forum people to earn good money and project itself good value one,many people gained huge money who had their investment in the YOUC project.Mean while many shit coins was originated in the same period.Some people loss their money in the shit project too.So every periodic time period both good and evil project will survive.It’s trader responsibility to choose the good project compared to the evil one.The background verification was essential one to get escape from it.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
September 21, 2023, 04:40:26 AM
#65

I was going through coinmarketcap today to see some of the cryptocurrencies I was involved in when I started, I was so surprised to see that a lot of them have even been delisted. I was heartbroken seeing that some tokens who raised millions of dollars, had huge community and were trending even in various platforms just died. I wanted to not mention any particular token but I have to mention PumaPay that raised about $8 million yet could not deliver anything and got investors holding a bag of shit.
Never rely in a project that gathered million dollars and yet you  believe there is a future?
just because they collected 8 million dollars it is a legit project because you don't know that the amount just comes from the team to fool people that they earned too much from the investors but the truth is? they are the one who invested on it.
sorry for your losses mate but you should have checked your funds constantly , because some of them may be used as pump  and dump.
so  you can take them out instantly before it dumped back .
holding altcoin is very risky. the safest altcoins that I trust are only ETH, BNB, TRX and FTM. i don't hold altcoin for long term because there is no guarantee that the company behind it will survive. I only buy it because it provide big volatility, sometime the price change is bigger than btc so I gain profit from it in trading but my exit point always in btc or fiat.
are you sure on Binance? maybe better to check the issue now and decide, because you might lose the momentum if the urging happens from the SEC.
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