Playing crypto for many years without holding Bitcoin. - page 3.

LastKiss

sr. member

Activity: 2156

Merit: 251

Binance #Smart World Global Token

Quote from: Poorwithbtc.eth on January 24, 2024, 09:32:15 PM

Playing crypto for many years without holding Bitcoin.

~snip~

Well cryptocurrencies not only Bitcoin and Holding Bitcoin is not mandatory so it's fine I guess but at least he knows what is Bitcoin, who created it and the history behind Bitcoin because Bitcoin is like the face of cryptocurrency. It's weird if someone playing crypto without knowing Bitcoin. I love to hold cryptocurrencies but never think to hold 100% my portfolio only Bitcoin.

Fuso.hp

sr. member

Activity: 392

Merit: 197

I have been involved with crypto currency for a long time but in the beginning I was not able to use the correct coin at all. When I was new to cryptocurrency I sold my investment after investing for a small amount of profit. After buying bitcoins if price dumped a bit then I sold again bought again sold at some profit but initially I failed to hold bitcoins. Gradually my knowledge about different coins increased a bit and my idea about investing started to change a bit and since then I tried to think deeply about investing. After reading for a long time I thought deeply about my investments and holding bitcoin deeply but after holding deeply I realized I should have done this long ago. If I had made a long-term investment plan when I got involved with cryptocurrencies, I might not have regretted the past.

poodle63

hero member

Activity: 2660

Merit: 509

Leading Crypto Sports Betting & Casino Platform

Quote from: stadus on January 28, 2024, 07:54:07 PM

There are actually people who just want to venture into the crypto space but have no plans in hodling bitcoin. As long as they’re profitable to what they are doing, then there’s no reason anymore to invest and hold. However, bitcoin hodling is still the safest and the most guaranteed option to be profitable in the future. The rest of it will only give you short term profits temporarily and after that you cannot assure already if you’ll still be profitable in the next days and months or years. At the end of the day, only the long term hodlers still end up winning and profiting while some are already in consecutive losses.

there are indeed many people that venture into cryptocurrency just for the sake of speculative nature of many altcoin and never ever accumulated bitcoin.
but I think thats valid reason enough because most of people are interested in trading cryptocurrency because it is more fluctuative than stock in the first place they want to get rich fast so they definitely need to resort to using investment that are fluctuative, rather short term holding, even though undeniable if they had accumulated bitcoin at the bearish phase where the price was hitting very low right after the ftx crash back then they already profitted double if not triple and that with low risk since if there's any coin out there that gonna get delisted its definitely not bitcoin.
since the market cap domination is rather high with bitcoin even trading volume is just simply in another level if compared with other coin.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

There are actually people who just want to venture into the crypto space but have no plans in hodling bitcoin. As long as they’re profitable to what they are doing, then there’s no reason anymore to invest and hold. However, bitcoin hodling is still the safest and the most guaranteed option to be profitable in the future. The rest of it will only give you short term profits temporarily and after that you cannot assure already if you’ll still be profitable in the next days and months or years. At the end of the day, only the long term hodlers still end up winning and profiting while some are already in consecutive losses.

Renampun

sr. member

Activity: 2044

Merit: 329

★Bitvest.io★ Play Plinko or Invest!

Quote from: Poorwithbtc.eth on January 24, 2024, 09:32:15 PM

...

But he doesn't hold any Bitcoin.

The sister graduates without even enrolling.

The experienced crypto guy with years of learning still hasn't graduated.

He always tells himself the familiar phrase, "Wait for the right time..."

And the sister? She doesn't talk much; she just bought 1 BTC. Let those guys' bodies lie where they fall.

Don't be like that young guy...

traders are very different from investors and from your story I see that the brother is an active trader while the sister is an investor or holder, but the biggest mistake of the brother is that he doesn't have bitcoin at all, if he only focuses on shitcoins but doesn't focus on build the stability of its assets by investing in bitcoin
out there there are many cases like those brother, they don't have bitcoin to hold, they only focus on trying to trade with bitcoin, portfolio diversification is very important, never just focus on one crypto asset, invest in more than 3 or 4 more crypto assets OK, and the most important thing is never miss Bitcoin.

8rch7

sr. member

Activity: 1344

Merit: 459

You need to see with financial side why many veteran of cryptocurrency trader without holding bitcoin, lack financial difficult for some one although have been ten years know with cryptocurrency but there are not bitcoin assets holding in their portfolio. Possibility difference with some veteran have know bitcoin more longer time and supported good financial will hold many bitcoin in their wallet and selling later on the higher price. The same with my position, I know bitcoin since 2016 but I don't have much money and not any bitcoin hold in my wallet but losses money with investing shit altcoin.
Could be lesson for the future as veteran or not must hold 1 bitcoin and hold it for long term, actually will profitable in the future and bitcoin price potential make more higher.

the rise

sr. member

Activity: 2170

Merit: 273

Vave.com - Crypto Casino

In my opinion, there is nothing wrong with the man trading, because it is not necessarily the profit that the woman will get. We know that altcoin trading sometimes makes big profits in a short time while the woman has to wait a long time to make enough profits. big, both of them are not wrong, it's just that the circulation of money that the man has is much bigger

_BlackStar

legendary

Activity: 1064

Merit: 1228

Quote from: Dave1 on January 27, 2024, 02:27:59 PM

Quote from: Poorwithbtc.eth on January 24, 2024, 09:32:15 PM

-snip-

The only thing that I see from this guy is maybe he is anti-bitcoin per se, that's why he doesn't buy and HODL it simply as that. Because if he has relearn from the moment he invested his money and time, then he should know by now what is the right crypto to invest.

Not everyone is interested in investing - many of them may only be interested in trading. A person's interest in the crypto industry is basically the same – they expect profits, but not in the same way. So - IMO, don't blame any of them just because one of them managed to make a profit.

Traders basically know what they are doing is riskier than investing and holding - but it's about interests and we all have no right to change those interests just because they don't suit us. So in my opinion – let them be creative with their own interests, but giving them constructive points of view and advice is never wrong.

Quote from: Dave1 on January 27, 2024, 02:27:59 PM

Or maybe not wait for the right time mantra, but instead, he thinks that he can invest on shitcoins and meme coins and turn him into millionaire, in short get rich quick scheme. Maybe we have heard that already, but I don't think it's for everyone to really become a instant rich just because they chooses shitcoins ove bitcoin.

The guy is not a typical investor - but he is a trader who tends to like leverage. There was nothing wrong about them - it was just that he needed to change his ways, not his plans.

Dave1

hero member

Activity: 1302

Merit: 522

Quote from: Poorwithbtc.eth on January 24, 2024, 09:32:15 PM

But he doesn't hold any Bitcoin.

The sister graduates without even enrolling.

The experienced crypto guy with years of learning still hasn't graduated.

He always tells himself the familiar phrase, "Wait for the right time..."

And the sister? She doesn't talk much; she just bought 1 BTC. Let those guys' bodies lie where they fall.

Don't be like that young guy...

The only thing that I see from this guy is maybe he is anti-bitcoin per se, that's why he doesn't buy and HODL it simply as that. Because if he has relearn from the moment he invested his money and time, then he should know by now what is the right crypto to invest.

Or maybe not wait for the right time mantra, but instead, he thinks that he can invest on shitcoins and meme coins and turn him into millionaire, in short get rich quick scheme. Maybe we have heard that already, but I don't think it's for everyone to really become a instant rich just because they chooses shitcoins ove bitcoin.

irhact

hero member

Activity: 616

Merit: 749

Quote from: kingvirtus09 on January 27, 2024, 05:00:38 AM

Honestly, Bitcoin is not my priority for now, because if I save bitcoin now, I won't be able to reach the profit I want in the upcoming bull run. Of course, I have a goal that I want to achieve, and I see how to achieve it and make it happen. My goals are possible through altcoins and meme coins. And I am confident that I have a way to market the potential altcoins and meme coins.

This is your strategy and it might work for you or mightn't, every individual success won't come from the same way but I want to advice you to also buy Bitcoin. If you have $1000 that you want to invest for the bull market, share the money into Bitcoin and altcoins. Invest $500 into Bitcoin and you can't lose that amount regardless of what happens as Bitcoin investment are more reliable. Invest the remaining $500 into altcoins and you can also divide it $250 each into potential altcoins and memecoins.

Don't put all your investments into just altcoins as you don't know which altcoins will make it out of the many altcoins that are trading in the market. Many individuals always make this mistake and they regret after the bull market is over as they didn't make any profits but got left with holding worthless altcoins. Divide your money, invest in both altcoins and Bitcoin since you want to buy altcoins to fulfill your goals.

kojektea

sr. member

Activity: 2254

Merit: 256

Vave.com - Crypto Casino

I'm exactly the same as that young man, I've known about crypto for a long time, but I never thought about saving bitcoin until now, I first got to know bitcoin at a price of $900-$1k, I ignored it, and I continued playing with Altcoins, I once held 0.5 bitcoin and I immediately sold it, so at this moment I thought that if I had kept bitcoin and never sold it, of course I would have been a rich person by now, is it still worth repeating a moment like that?

muncuss

full member

Activity: 633

Merit: 101

I can't understand the thinking of this things. For a trader the most important is getting profit. By holding only bitcoin a person will miss a lot, lot of profit. Unless you use bitcoin for other than getting profit

kingvirtus09

full member

Activity: 770

Merit: 106

Quote from: irhact on January 26, 2024, 10:17:41 AM

Quote from: Poorwithbtc.eth on January 24, 2024, 09:32:15 PM

He always tells himself the familiar phrase, "Wait for the right time..."
And the sister? She doesn't talk much; she just bought 1 BTC. Let those guys' bodies lie where they fall.

Don't be like that young guy...

It's important to hold Bitcoin if you want to gain from the market, you can be trading or investing in many altcoins and also make profits but you'll be missing out on the profits you could have made from investing in Bitcoin. Altcoins hypes comes and goes, you might invest in this altcoins for the bull market but it won't give you profits. Some altcoins only give profits one time and they stop giving profit as they can't get back to the previous high prices.

Playing crypto without buying Bitcoin can be done as many individual have made profits from trading memecoins and investing with only altcoin but it would be easier investing in Bitcoin therefore it's important to own Bitcoin while you're investing in other altcoins and making profits from them. Sometimes altcoins don't give profits due to the bear market therefore investing in Bitcoin and altcoins are needed.

I get the point you want to make in this regard. Because when it comes to Bitcoin, there is 100% no doubt we will really have a profit here if our goal is long-term investment. Even in the short term, it is possible as long as we really have knowledge about trading, but if it is not enough, then don't do it in the short term instead of the long term.

Honestly, Bitcoin is not my priority for now, because if I save bitcoin now, I won't be able to reach the profit I want in the upcoming bull run. Of course, I have a goal that I want to achieve, and I see how to achieve it and make it happen. My goals are possible through altcoins and meme coins. And I am confident that I have a way to market the potential altcoins and meme coins.

wxa7115

hero member

Activity: 2702

Merit: 704

Quote from: doomloop on January 27, 2024, 02:41:24 AM

Quote from: abel1337 on January 25, 2024, 03:21:17 AM

I'm sure that there are a lot of crypto veterans that are don't hold bitcoins but making profit in crypto. Bitcoin is a good hold but I think that the profit return is not as much as good as before, compared to the new altcoins nowadays that can easily go x5 during the bull market. Choosing the altcoin you hold is what matters knowing that holding shitcoins would mostlikely put your money on a grave. I can't blame those people who doesn't have bitcoin especially those people who are trading or actively rotating their funds to generate more.

Yes, holding or investing is not the only way to earn a profit here in crypto but there is also trading and as well as playing gambling in a crypto casino (only to name a few). Crypto veterans are skilful enough to engage on these two risky activities. BTC is still a good coin and it even gets better once the adoption widens because that means more people will invest and the value of it will rise very high.

It's funny on why you and others thinks new altcoins are better than it when most of them don't even last longer lol. BTC is highly volatile so it's also very ideal for trading. This alone is already risky. No need to elevate it by picking other cryptos.

What ends up making most people fail when they come to this market is the amount of risks they take without really realizing what they are doing.

After all the volatility of bitcoin is already so high that you can make in bitcoin in a single year what it could take decades to achieve on the stock market, but people choose to trade instead of investing, they use leverage and they pick shitcoins instead of bitcoin, and when you add all of those risks together, it is not surprising that those people lose their money.

doomloop

hero member

Activity: 2268

Merit: 581

Quote from: abel1337 on January 25, 2024, 03:21:17 AM

I'm sure that there are a lot of crypto veterans that are don't hold bitcoins but making profit in crypto. Bitcoin is a good hold but I think that the profit return is not as much as good as before, compared to the new altcoins nowadays that can easily go x5 during the bull market. Choosing the altcoin you hold is what matters knowing that holding shitcoins would mostlikely put your money on a grave. I can't blame those people who doesn't have bitcoin especially those people who are trading or actively rotating their funds to generate more.

Yes, holding or investing is not the only way to earn a profit here in crypto but there is also trading and as well as playing gambling in a crypto casino (only to name a few). Crypto veterans are skilful enough to engage on these two risky activities. BTC is still a good coin and it even gets better once the adoption widens because that means more people will invest and the value of it will rise very high.

It's funny on why you and others thinks new altcoins are better than it when most of them don't even last longer lol. BTC is highly volatile so it's also very ideal for trading. This alone is already risky. No need to elevate it by picking other cryptos.

2Pizza410000BTC

full member

Activity: 364

Merit: 195

Quote from: cakravothy on January 25, 2024, 01:24:53 AM

if I buy bitcoin hold it in the exchanger in stake so I can get additional returns.
if in the addres, yes, most of the results of the signature campaign or bounty. if buy I never send it to a personal addres because of the sending fee, what's more, when the bitcoin price is expensive, the sending fee is calculated to be expensive too. so it's better to stake it in the exchanger at all.
crypto players must have had bitcoin whether they got it from airdrop bounty faucet or signature campaign must have had bitcoin.

Holding Bitcoin in exchange is very risky. Although very risky but for our own convenience we keep bitcoins in our exchanger wallet. Like you, I keep my bitcoins in an exchange account. Also I am investing using DCA method that too in exchanger account. I don't keep bitcoins in my own account now because sometimes have to sell bitcoins to solve family problems. Selling bitcoins costs more than double the fees of sending from your own wallet. I think when the market may go down I hold the USDT and if the market goes down I buy Bitcoin and I make a profit there as well. There are many old crypto players who have been here for a long time but could not invest. There are many people like OP's brother and sister story.

AicecreaME

sr. member

Activity: 2324

Merit: 454

There's nothing wrong in hodling though.

Looks like you're jealous of your sister making profits by just hodling bitcoin while you're wasting your money in shitcoins. Well, if your forte is to play just what you've said, then so be it. You don't have to compare or judge others decision just because it's different to yours. We have our own safe zone, or should I say comfort zone, we have to respect that.

gunhell16

sr. member

Activity: 1666

Merit: 453

Quote from: Solosanz on January 26, 2024, 10:43:24 AM

What the hell did I just read, where's the conclusion?

The sister can earn a good amount of money by holding Bitcoin for long time, good for her.

While the young guy? there's no proof if he lost all of his money when he bought shitcoins and doing trades, more importantly you're creating this thread in trading discussion, but you're saying trading is bad lol.

Even when the trading was not bad, each trader can spoil the image of the trading in the eyes of other community investors here. But for people who do their research, their rants about trading don't work.

We know that trading helps a lot to people who believe in it, and this is the very heart of this field industry in the crypto space. Without the category of trading, there will certainly be no traders to call and no buy and sell will happen in the transaction that we will do.

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Hodling bitcoin is not only the safest option to gain profits. Of course, it’s undeniable that some are actually making 5x to 10x profits from buying random altcoins in the market and trade them for short term. And even others are taking risk in shitcoins or meme coins because they are also showing promising profits. But at the end of the day, when these strategies don’t work anymore, bitcoin hodling remains the safest option. However, it’s always a choice for every investor to focus on bitcoin or altcoins to hold.

jossiel

hero member

Activity: 2842

Merit: 625

It only means that holding is better than trading.

But this depends on the person, if you're a very profitable trader then you'll never forget to invest in Bitcoin. Your profits will be somehow going to your holdings too.

So as you trade, make money from it and then you'll share a part of that profit into your holdings is the kind of investing-trading techniques that good traders have to remember.

Topic: Playing crypto for many years without holding Bitcoin. - page 3. (Read 753 times)