Just like the popular saying on gambling there’s also a counterpart on it on investing which is invest only what you can afford to lose so that you will not feel the pressure of selling your holdings immediately whenever there’s a price correction sign.
Most of the bitcoin holders purchased Bitcoin using their life savings or other money with different purposes rather than investments. Because people will surely neglect the risk of holding assets on exchange if they will suffer more losses when still holding it during correction.
Topic: Short term Investors feeling cool with the centralized Blockchains - page 2. (Read 175 times)
April 14, 2024, 07:36:06 AM
April 14, 2024, 07:29:15 AM
While we are quite approaching the Bitcoin dip against the halving, lot of Investors are already muscled up to dive in accumulating more to their Bitcoin holdings and those who had held the high cost of Bitcoin values as excuse is also being attracted to Invest without cost excuses anymore.
Meanwhile... Due to the high rate of transactions fees, I can perceive it that lot of short term Investors would tend to have their assets stored in a Centralized blockchain for easy transactions in other to minimize transaction charges because they believe once they hits probably at the upcoming bull-run they would sell off their assets without holding for a long term.
They would actually ignore the fact that it is not about how long your assets stays in a particular blockchain that can get it comprised but base on how unlucky the investors can be despites how conscious they can be with their seed phrases.
So if you must be amongst of those with such mentality, I hope you get to be aware of how risky the system of storing your assets in a centralized network system could be because some investors whom had lost their assets stored in the exchange mostly wonders how come can it be possible to lost their funds when the assets has not stayed for too long there in the centralized platform.
Conclusion: Don't assume to scale through the high cost of transaction fees and get your funds get risked on the centralized exchange platforms.
Meanwhile... Due to the high rate of transactions fees, I can perceive it that lot of short term Investors would tend to have their assets stored in a Centralized blockchain for easy transactions in other to minimize transaction charges because they believe once they hits probably at the upcoming bull-run they would sell off their assets without holding for a long term.
They would actually ignore the fact that it is not about how long your assets stays in a particular blockchain that can get it comprised but base on how unlucky the investors can be despites how conscious they can be with their seed phrases.
So if you must be amongst of those with such mentality, I hope you get to be aware of how risky the system of storing your assets in a centralized network system could be because some investors whom had lost their assets stored in the exchange mostly wonders how come can it be possible to lost their funds when the assets has not stayed for too long there in the centralized platform.
Conclusion: Don't assume to scale through the high cost of transaction fees and get your funds get risked on the centralized exchange platforms.
Jump to: