Topic: Knowledge vs hodlings - page 2. (Read 2594 times)

It has been observed and noticed that people who only buy and hodli bitcoin in a long period of time will have less risk of losing their bitcoin or selling at the time that is not of their will. This is among the basic concept of bitcoin that one don't need to read a cumbersome theory to understand this simple statement. It is as easy as, your preparing yourself on how much that you will use for your entry point and how much you can use for DCA weekly or monthly, based on your weekly or monthly cash inflow.

As a beginner you can start if a small amount since you don't have much knowledge on bitcoin but only the basic which can help your start your bitcoin journey. And as time goes on while buying regular, you can decide to study your investment deeper to know all aspect of bitcoin. It shows that you will learn faster than whoever that is seeking majority of bitcoin knowledge and understanding first. This is because there are some strategy that you will learn when accumulating that will suit your income base on the fluctuations in bitcoin price.

Since you are not planning to sell in a short period of time, there is nothing to learn much about the market because, you are using DCA to increase your portfolio, no matter the price of bitcoin at that moment. I can still tell you that there is nobody that can learn everything about bitcoin because, because everyday the technology is been upgraded with new features and the old bitcoiners will also learn this new development.

This is why your should start investing early than waiting to have the majority knowledge of bitcoin before investing. I believe that this is the best way for a beginner to start his bitcoin journey because time waits for no one, the earlier that you start investing in bitcoin, the higher chances you have of increasing your bitcoin portfolio with time. It is better to be a lowcoiner with the basic knowledge of bitcoin than a nocoiner with all the knowledge of bitcoin.

Why do we even have to discuss altcoins here? In general, they are a risky investment in my opinion. The risk is high because only a few of them are genuinely profitable as investments. Have you ever heard of developers exiting a project and taking the money? That happens in altcoins but never in Bitcoin because Bitcoin's developers are anonymous and not moving their funds. I'm talking about Satoshi. These altcoins are just copies, riding on the popularity of Bitcoin. If you've witnessed and experienced a bull run, it's Bitcoin that's driving that bull market. Altcoins just benefit from it. So, if you want to be on the safer side, always choose Bitcoin over any other project.

To invest one must take risk, without taking risk investment is never possible but we have to make sure that we are taking risk in right place or taking risk in wrong place. Taking risks in altcoins to have bitcoins is definitely foolish. 

As we have to invest through money, it is our responsibility to ensure maximum security of money. Bitcoin is safe and Bitcoin will definitely guarantee you money but altcoins will never guarantee you money. A Bitcoin investor has high hopes that his investment will never fail and he will never be promoted by investing in Bitcoin. Such belief of an investor towards Bitcoin is enough to invest in Bitcoin. Since we have knowledge, we have to put that knowledge to good use. Instead of depending on others, I have to find out by myself where my money will be safe as well as where my money will grow if I invest. When a person tries to use his knowledge to know these things, he can find the right investment medium and that must be Bitcoin.

That's understandable, but it's not advisable to limit your knowledge of Bitcoin, especially if you're investing for the long term. When you invest in a volatile market like Bitcoin, you should expect fluctuations, and having limited knowledge can lead to emotional decisions that might cause you to sell your investment prematurely. This is one of the main reasons why investors who ride the bull market often end up selling their holdings during the bear market. The lack of knowledge can lead them in the wrong direction because it's no longer their rational minds guiding them, but their emotions.

In any type of investment, especially in assets like Bitcoin, which are high-risk, it's crucial to equip yourself with the right knowledge. This way, you can make informed decisions and avoid being swayed by your emotions. While others may panic and sell, you can stay calm because you understand the market's dynamics.

But with this you will be someone who is naive because in the end when only buying bitcoin and holding bitcoin without knowing the basic science of what bitcoin is the same as buying an item which is locked in a chest without knowing what is in the chest.
We must know what we are buying, the benefits we will get and the risks when we buy anything. Likewise with bitcoin when we buy bitcoin we must know what bitcoin is, its functions and uses as well as our benefits when buying bitcoin for what and the risks we will face like what when we buy and store bitcoin.
Many people feel they are deceived because they buy bitcoin and sell at a loss because they don't know what they are buying and don't want to learn more about what we are buying. That is not the fault of bitcoin but we ourselves are naive because we only follow your hype about bitcoin and follow to buy but do not realize that the risk we have to take is actually very large.

I am sorry for you kingvirtus09, because you will not like how your investment will end up with those altcoins that you are wasting your time and resources on, because they are all centralized and can never be trusted. Moreover, we are talking about knowledge and holding, and I don't see how altcoins fall in this concept of investing first before learning more about your investment.

Bitcoin is the only investment that you just need to know of the basics before investing into it, because bitcoin have come to stay and there will be enough of time for one to learn whatever he needs to know, and at the same time, increasing his bitcoin portfolio through regular DCA. Altcoins need a proper research on which coins to invest and you can't invest in altcoins and at the same time learning about that coins because they are for short term and don't worth the risk.

 If you hodli altcoins, you will definitely run at loss. Luna crashed and if Binance crashes today, BNB will also crash, stop gambling with your hard earned funds and only invest in bitcoin because it is the only coins with a long timeline and will bring profit based on the size of your portfolio and the timeline of your investment. I am an example of someone that bought my bitcoin to learn from experience of hodling, while I am still learning on other aspect of bitcoin and I must say that the knowledge that I have gained from hodling based on experience is far bigger than what I would have known on only theory. Because I now have a strategy that I set up to accumulate bitcoin through DCA, to keep on increasing my bitcoin investment.

Investing in altcoins is similar to gambling in that you never know whether you will make a profit or suffer a significant loss. If you're making an investment and you're not sure you'll make a profit, and you've noticed a number of warning signs and red flags that could cause you to lose money, it's best to take note of risk management and abandon such an investment. Since the creation of bitcoin and other cryptocurrencies, no coin has been able to restore its value after being subjected to market instability. So, with bitcoin investment, you can be rest assured that your investment is safer.


It's great that you were able to learn about bitcoin before investing in it. You don't need to panic when the price is in a downtrend because you know what caused it and are confident that it will return to its previous value after some time. The investment you've already made in other altcoins indicates that you're already gambling with the rest of your money; don't be so sure you'll make a lot of money there; they don't usually last as long in the market as bitcoin does.

I agree with the op that bitcoin is met for everybody, and those who are interested and invest in it become part of the technology, as Satoshi Nakamoto said he created bitcion for everybody and not for specific people and you can see what he said from the following image.

Source of the image is on the image

I think there is no need for newbies to start investing after knowing everything. Just knowing how to buy and hold bitcoins, you can start holding bitcoins. You don't need to know everything about bitcoin right now, you just need to buy now and start with safety. And then you slowly get to know everything about Bitcoin.

Before investing in any business, the first thing is to have the little knowledge about the business by getting the necessary information needed to avoid losing the money or invest in a wrong platform. Then holding work with the information already have and get believe by getting a certain target to sell in a profit returns of investment.

All the people who have been scammed so far have been scammed by investing in ALT coins. To this day I don't think anyone has ever mentioned that they got scammed by investing in Bitcoin because nobody would ever get scammed by investing in Bitcoin. Bitcoin is one of the most trusted digital currencies in the world. How do we rely on ALT coins instead of Bitcoin where Bitcoin is supposed to replace the dollar? We think investing in alt coins will make us rich quick but we never think before investing whether we will get our capital back by investing in ALT coins. Where capital recovery is concerned, how do we think about making quick profits?
For those of you who have not been scammed by investing in ALT coins and are still holding on to your ALT coin investments, I would like to tell you to sell your ALT coin investments as soon as possible and invest that money and hold it for a long time for sure. You can create a great opportunity to earn money in the future.

Indeed, it depends on your own beliefs and when you are sure then do it because it is your will but in this case we also need to know the level of risk that will be faced. When it comes to risk, everything has a risk and it is a certainty that cannot be changed, it's just that the level of risk for this is also different.
When talking about bitcoin, the risk will still be there, it's just that this can be minimized compared to what will happen to altcoins and indeed it is an immutable fact so that even if you try to deny things like this it will still be undeniable because the risks we will face as bitcoin holders and altcoins will be very different in terms of levels.

When you are sure of your research on altcoins then indeed it is also your right and no one can interfere with it, it's just that when talking about risk it is clear that it will be more possible to be in bitcoin even though it is equally risky but this will be more minimized in terms of decreasing value (not amount) compared to the altcoins we have because surely you realize how when a crash occurs for bitcoin then almost all altcoins, especially shitcoin, get greater destruction and that is proof that the level of risk affects and the difference is very clear.

I've known btc way back 2017 and my friend introduced this to me, as a beginner, it's really hard to understand everything. The first thing I did was study here in the forum, an endless reading. By the time I was confident enough to invest, my best friend and I started to invest and hold btc and some other coins. So basically you need knowledge first and be sure you are ready to accept the risk of investing in btc or any other coins.

It's up to you, and nobody is pushing us to order anything they don't want to as an investment that they think would increase our capital. Additionally, it cannot be denied that the majority of cryptocurrency investments nowadays are extremely risky.

The research we conduct and our confidence in the assets we purchase, however, nevertheless have a role. However, I continue to think that there are still more cryptocurrencies, such as BnB, Arb, Ada, and other top-ranked ones on the market, that, like Bitcoin, have the potential to offer future profit savings. Therefore these two are both important to me.

IMO for this although it can be done, I think it would be better not to do it than you torture yourself with the wrong choice.
Many people consider having bitcoin and altcoins as a form of investment as something that must be verified, but for me this will only be a waste of time. it is undeniable that there are many people who consider some altcoins that are considered to be one of the viable alternatives for investment but without thinking about the far greater risks that you cannot even reach then it is better not to try it because this will only be a naivety.

The risk is still there but the difference is very clear when we have a smaller level of risk in bitcoin why should we try to do a big risk in altcoins.

I do not believe in holding any altcoins, they are not not meant for holding just for a quick profit. In order to gain profits from altcoin you just have to buy at there first stage of presales or private sales and sell immediately or few days of the listing, if not the price will automatically dump leaving you with little or non of your capital. The earlier you sell your altcoins the better your chance of making good profits.
Where else, Bitcoin can be bought at any time and any price because it will definitely not run into loss forgetting the volatile nature price must surely bounce back and give good profits to Bitcoin owners only for those who is in for the long run

Isnt it funny how some folks think they're "investing" by just throwing money at random coins without a plan? Im with you on that. Before diving in, understanding the landscape is paramount. Knowledge is your shield in the wild west of crypto! That said, I cant help but chuckle when I see someone jumping ship every other day because their "investment" dipped a bit. A long-term vision, as you rightly pointed out, is a sign of a seasoned investor.

Now, about Bitcoin - I totally get where you're coming from. Its the OG, right? Its like wanting to stick with the classics instead of the new flashy trends. Others might chase the next big thing, but Bitcoin has proven its resilience time & again. Your caution is wise, my friend. While diversification can be beneficial, there's something comforting about sticking with the tried and true. And who can argue with that?

In investment area what I deserve that having only money is not sufficient, a investor need to have at least basic knowledge otherwise investors have to face different adversities. Because ignorance will not fulfill anyone's investment. An investor first needs to gain knowledge especially investing in Bitcoin otherwise he may lose money on the investment. When an investor discovers the difference between Bitcoin and other coins, he will only be interested in investing in Bitcoin. There is no alternative to Bitcoin for risk reduction and investment reliability. Although Bitcoin does not provide any certainty but when an investor learns about Bitcoin he will have a clear idea on these issues as well.

Choosing a specific coin to invest in is our next step but the first step in our investment is how much we know about investing. You can buy any coin anytime you want with the money you have but that is not called investment. Before investing, planning for a certain period of time, having a sufficient understanding of the investment, fixing a certain target, observing the market, buying a coin with the risk of money, and holding it for a long period of time is usually an investment. I mean holding for long term investment, people who will invest and within a few days of investing will be restless to sell their investment I don't consider that as investment. Long term investment means you must hold your investment for a long period of time if you lose money or make a profit then your investment cannot be sold. 

For those of us who are interested in investing, if we feel that we have enough knowledge about investing, then our next step is to choose a particular coin, for long term investment, I never look for other coins because my first and last choice is Bitcoin. I am not willing to take maximum risk of money no matter how much profit other coins give me, I think my money is safe if I invest in bitcoin so I always take bitcoin for long term investment and I think I am right in my decision.

Yes, only some because not all of them are worth to invest with our money. Most of them are just typically pump and dump coins.

It's true that they're riskier than Bitcoin. We hold Bitcoin and invest some if you want to but you have no idea if they're going to make it when the bull run is in.
Bitcoin is more appropriate for most and that's why if you ever want to have a safe and secured investment, Bitcoin is the choice.