It is only Bitcoin and nothing else - page 8.

Texac

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Quote from: Mr.suevie on September 20, 2023, 07:48:30 PM

Quote from: Aikidoka on September 19, 2023, 02:50:05 PM

You shouldn't dwell on regrets, as what has happened is already in the past and cannot be changed. Instead, focus your attention more on Bitcoin than other crypto as many of them, as you mentioned are considered "shit coins." To be honest, Bitcoin is the dominant force in the market and the strongest crypto.

I won't deny that I hold various other crypto on my CEX, but I don't often invest in them anymore. Lately, I've been primarily investing in Bitcoin and holding it for the long term.

Yeah menh regrets never make anything better it just worsen this case of everything and always put you on a down spirit because you Begin to wonder why you really did or took the decision you took without thinking of way forward to actually solve the problem at hand. Well investing in other coins are at very risk but what's life without risk as life itself is a risk and I think only risk takers actually make it in life but however it's important to be wise when risking so I just buy or rely on this altcoins when the bull market comes because at that time it's easy to make significant amount of profits from some these altcoins that tend to follow up Bitcoin in the uptrend of the crypto market

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.

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.

Ayers

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Quote from: BlackBoss_ on September 18, 2023, 11:00:28 AM

Quote from: Odohu on September 18, 2023, 08:11:08 AM

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.

Altcoins are shitcoins and they are very risky for investors. Buying top altcoins does not help to reduce risk too much if altcoin investors want to hold those shitcoins for long time like Bitcoin. If they believe those top altcoins can help them rich, they are wrong and are going to make a terrible investment mistake.

Don't buy altcoins because they are top altcoins is my topic to warn cryptocurrency newbie investors about it.
Visit Coinmarketcap and check its Cryptocurrency Historical Data Snapshot to see how top altcoins can die with time.

I agree with you that topcoins do not guarantee us and for me the altcoin market is more like gambling. So my opinion about altcoins is that when investing in altcoins we should avoid investing in old projects and only invest when the price increase season comes, we should only invest in new projects and only invest in the short term. But there is one exception altcoin, which is ETH. How do you evaluate Ethereum? It is also an altcoin and is even known as the buying king of altcoins. I don't think ETH is a shitcoin because no shitcoin can exist and develop as sustainably as ETH.

irhact

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Quote from: Odohu on September 18, 2023, 08:11:08 AM

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.

This isn't a new problem as new individual that get introduced into the market will still fall for the scams of altcoins because they have very attractive offers that looks too good for newbies to pass. Many individual has been in your position and made same mistakes but took corrections on time and that's why it's good to always be around other experience individual so you can learn from them. Your thread will help others joining the forum to invest only in Bitcoin.

Scammers are using altcoins to steal from investors as they don't have any plans to build any projects that they'll promise on the white paper of the project but only interested in collecting money from inexperienced investors and running away to live luxury lifestyle.

CryptoHeadlineNews

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Quote from: Odohu on September 18, 2023, 08:11:08 AM

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.

Mr.suevie

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Quote from: Aikidoka on September 19, 2023, 02:50:05 PM

You shouldn't dwell on regrets, as what has happened is already in the past and cannot be changed. Instead, focus your attention more on Bitcoin than other crypto as many of them, as you mentioned are considered "shit coins." To be honest, Bitcoin is the dominant force in the market and the strongest crypto.

I won't deny that I hold various other crypto on my CEX, but I don't often invest in them anymore. Lately, I've been primarily investing in Bitcoin and holding it for the long term.

Yeah menh regrets never make anything better it just worsen this case of everything and always put you on a down spirit because you Begin to wonder why you really did or took the decision you took without thinking of way forward to actually solve the problem at hand. Well investing in other coins are at very risk but what's life without risk as life itself is a risk and I think only risk takers actually make it in life but however it's important to be wise when risking so I just buy or rely on this altcoins when the bull market comes because at that time it's easy to make significant amount of profits from some these altcoins that tend to follow up Bitcoin in the uptrend of the crypto market

Dr.Bitcoin_Strange

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At the moment, it is really a fuck altcoins! For me, because I am still focused on accumulating bitcoin, which I am more sure will go for the bull market, but alt coins are what I am also sure will get pumped during the bull market, the confusion is that you don't know which one will get pumped; it might even be the one that never crossed your mind to invest in, but that will luckily get pumped, and as a matter of fact, I cannot just go about buying different kinds of alt coins all in the name of hunting for profit. Although I still have a lot of alt coins in my wallet, which I have invested in in the past, I am hoping they can be pumped because they have really been worthless for a long time.

_BlackStar

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You should probably be aware that most altcoins are not worth considering in your long-term investment portfolio - but some may be worth considering. This is intended so that you don't just focus on one particular asset, including bitcoin, because basically several altcoins are expected to continue to experience regular development and even have the potential to get more use cases in the future.

I don't mind if some of us have some of these altcoins in our portfolios - but bitcoin should be a larger percentage of altcoin owned. The intent and purpose are the same ^{[expect returns from him]} - but bitcoin tends to feature more innovation than altcoin.

panganib999

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It's a common truth in this industry. It doesn't just happen because of the SEC or whatnot. For a lot of reasons a well-thriving shitcoin/altcoin could be flagged by the exchange it was listed on. Scam/Fraud flags, among others could be grounds for an exchange to stop the trading and in some cases even delist a coin. It sucks especially for early birds who are looking to earn a quick buck but at the same time most of these flags are found out to be true, so people are kept safe from putting their money on projects that are not in the business of giving you the profits and other features that they promised in the past.

Anyway, of course SEC is also to blame for this in part since their crackdown on crypto, but for the most part it's all good.

Xcode7

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Quote from: Odohu on September 18, 2023, 08:11:08 AM

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.

I agree with that, we have to be realistic in looking at possible future profits.
No investment will make you rich overnight, I realized that when I lost money on stupid coins that I had saved and hoped would make me rich.
Meanwhile, Bitcion is proven, and there is no reason to doubt it after seeing what has happened in the past.

Quote from: Afnan_faizah on September 19, 2023, 08:35:14 PM

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.

These are some of the top Altcoins with a strong community, so they are quite safe, but in terms of profits or price movements, they are the same as Bitcoin, which are not much different, in fact they are quite in line with Bitcoin's movements. That is still a good thing unless you choose a new Altcoin that is only currently Hype is talked about and then hopes for big profits.

Afnan_faizah

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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.

philipma1957

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Quote from: JoyMarsha on September 19, 2023, 07:58:10 PM

Do you know why it is recommended to hold bitcoin for the long term while hodling altcoins for short-term use? It's because of the sort of negative event you spoke about. A coin's value could drop tomorrow even if it was performing well years later.

That appears to be the main issue with all altcoins. They always behave like pump-and-dump coins with a brief price recovery in the crypto market.

That's why it is advised that don't rush to invest in altcoins out of FOMO or for a long period to expect huge profits to happen. Invest in them but it's for the short term and make sure that you don't get carried away by forgetting to withdraw your profits when you ought to.

the theory would be if crypto succeeds BTC will certainly be the leader and should hold price well and grow over the next 10-20 years.

The only POW algo that can really challenge BTC sha256 algo is LTC/Doge Scrypt and if it does well it can last for the next 100 years or more due to the structure of Doge payouts.

Most other coin are bs especially Eth which is basically an unregulated bond run by one guy.

For me as I am a bit older I do 3 coins

BTC + LTC + DOGE. based on the hardware that mines them is very solid and there is a lot of it.

JoyMarsha

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Do you know why it is recommended to hold bitcoin for the long term while hodling altcoins for short-term use? It's because of the sort of negative event you spoke about. A coin's value could drop tomorrow even if it was performing well years later.

That appears to be the main issue with all altcoins. They always behave like pump-and-dump coins with a brief price recovery in the crypto market.

That's why it is advised that don't rush to invest in altcoins out of FOMO or for a long period to expect huge profits to happen. Invest in them but it's for the short term and make sure that you don't get carried away by forgetting to withdraw your profits when you ought to.

philipma1957

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Quote from: Odohu on September 18, 2023, 08:11:08 AM

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.

I think you are kind of wrong but some what correct.

There are more than 1 POW coins that are worthwhile.

I made more profit on Doge than any coin including BTC.

But the truth is there are over 9000 coins at the moment and 8000 maybe 8500 are garbage .

I peg about 10 pow coins with a bit of value and possibly ripple which is a pos coin. The others are fairly trash including eth.

But each of us have an opinion and we are able to voice them freely here on bitcointalk thanks to theymos.

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Quote from: Aikidoka on September 19, 2023, 02:50:05 PM

You shouldn't dwell on regrets, as what has happened is already in the past and cannot be changed. Instead, focus your attention more on Bitcoin than other crypto as many of them, as you mentioned are considered "shit coins." To be honest, Bitcoin is the dominant force in the market and the strongest crypto.

Focusing on Bitcoin alone can be a good way to avoid a lot of losses, but remember Bitcoin has high volatility but even so the returns and guarantees for Bitcoin will be better.
A Bitcoin drop is a good opportunity to buy and it all depends on the Bitcoin price.

Whereas other cryptos such as ETH, BNB, SOL, XRP are dependent on Bitcoin price and tend to be dumped when Bitcoin price is unstable like now.
Saying "damn coin" only applies to coins that do not have any development or will only be abandoned when the hype is over.

Many find Shitcoins that generate a lot of losses, so stay away from these shitcoins and focus on Bitcoin and the main altcoins.

Quote from: Aikidoka on September 19, 2023, 02:50:05 PM

I won't deny that I hold various other crypto on my CEX, but I don't often invest in them anymore. Lately, I've been primarily investing in Bitcoin and holding it for the long term.

If you are holding coins for the long term, I recommend not storing them in CEX, because the risk of loss will definitely occur and is more vulnerable.
Long term it is better to store in a private swallow with full control of the user, the important thing is to keep the wallet safe and that's enough.

South Park

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Quote from: Odohu on September 18, 2023, 08:11:08 AM

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.

You know what they say ‘hindsight is 20/20’, meaning it is easy to look at the past and think I should have done that or I should have avoided doing this, but at the end sometimes the only way to learn is by making those mistakes on your own, this is why I consider a strategy to manage your money as key for your success, as even if you make mistakes, those mistakes will only produce small losses and most of your capital will be intact once you finally have learned the lessons necessary to become profitable.

eightdots

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Quote from: Aikidoka on September 19, 2023, 02:50:05 PM

You shouldn't dwell on regrets, as what has happened is already in the past and cannot be changed. Instead, focus your attention more on Bitcoin than other crypto as many of them, as you mentioned are considered "shit coins." To be honest, Bitcoin is the dominant force in the market and the strongest crypto.

I won't deny that I hold various other crypto on my CEX, but I don't often invest in them anymore. Lately, I've been primarily investing in Bitcoin and holding it for the long term.

Not all of us get what we expect from some of our investments. We buy a coin with very high expectations, but it may end in disappointment. What we need to do in such a situation is to change our strategy. We may be making some wrong choices.

Bitcoin is one of the most preferred things in investment. It is always best to trust and invest in Bitcoin rather than investing in coins that we do not know what they are and losing money.

I keep different coins in my wallet, but I understand the importance of investing the amount I can afford to lose when I do not get the income I expect.

Aikidoka

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You shouldn't dwell on regrets, as what has happened is already in the past and cannot be changed. Instead, focus your attention more on Bitcoin than other crypto as many of them, as you mentioned are considered "shit coins." To be honest, Bitcoin is the dominant force in the market and the strongest crypto.

I won't deny that I hold various other crypto on my CEX, but I don't often invest in them anymore. Lately, I've been primarily investing in Bitcoin and holding it for the long term.

Obari

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This is cryptocurrency industry for you and there is nothing certain in the industry not even bitcoin but the truth is that anyone holding shitcoin should have already known the high risk involved and should be always ready to trade wisely and I'm sorry if you ever made huge losses but I guess it was because you weren't aware of is negative effect but now I'm sure you do.
I've always heard stories of people talking so much ill about shitcoins and I wouldn't have to blame them for it but I think there have also been stories of people who made it real big with same shitcoins we cry so much about and I guess such persons were lucky and fortunate but at the same time also good in the game of trading shitcoins.

Don't hold shitcoins and if you must invest in them, invest only what you can afford to lose as there is nothing guaranteed in cryptocurrency, so always trade with caution.

tjtonmoy

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Quote from: Odohu on September 18, 2023, 08:11:08 AM

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.

I am one who has experienced this too. I have lost a lot of money investing in altcoins. Maybe I am not fit to deal with altcoins or it is not for me. Because others are still making profits out of altcoin investments, but for me, I am way past that. I literally have no faith in altcoins anymore. Altcoins are like a trend. It is good as long as it stays. And suddenly one day it fades away. Then the project is dead.

Now I only hodl Bitcoin. It has been here for a long time and it will stay. As history repeats itself, we will be able to see the same thing over and over and benefit from it. That's why I always choose Bitcoin. There are other things such as security, safety, decentralization, and other stuff. But I think everyone knows that already. So let's not talk about that here. So yeah, in terms of HODLing, BTC should be the first choice for everyone.

Rockstarguy

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Quote from: Odohu on September 18, 2023, 08:11:08 AM

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.

Many people out their sees shitcoins as a regular project that they can invest to make money from it and it always end so bad. It is a privilege to been in the forum which has made it members to understand what shitcoins is all about and how dangerous it can be to invest on shitcoins. The forum has always make past experience of shitcoins as a reference for people to understand where they are investing their money all in the name of investment. Bitcoin is just the best for investment, it is very reliable and very safe for investment.

Topic: It is only Bitcoin and nothing else - page 8. (Read 1498 times)