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Topic: WHEN YOU ARE CONFUSED REFER TO BITCOIN - page 2. (Read 410 times)

sr. member
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Vave.com - Crypto Casino
January 29, 2020, 12:49:56 AM
#13
So which coin do you first advise your student to buy as the learning progresses?

of course I would suggest bitcoin, because so far bitcoin still dominates altcoin when the price of bitcoin goes down so most of the other altcoin prices will also go down, so bitcoin is a very good coin to use as an investment both long and short term.
legendary
Activity: 3080
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January 29, 2020, 12:00:23 AM
#12
One thing I have come to observe in this crypto space is that: people always think the price of bitcoin is too expensive and they try to go for low cap coins that are still developing and will be hoping to cash out big in the long term and increase their bitcoin purchasing power, unfortunately, most times these altcoins that were predicted to grow do mess up investors plan, and instead of them to buy bitcoin this time after the first disaster, they chase another promising altcoin and end up been disappointed, by the time they are set to buy bitcoin their money would have been burnt by shitty new coins. That is a rat race.

Shitcoins will be shitcoins, they are going to under perform no matter what market we are currently in.

I have come up with a conclusion that whenever you are confused about the coin to invest your money, just go long on bitcoin as it has proven to always come back from the dead. In fact, never tell newbies to invest in altcoin when they still understand just little about cryptocurrency and the market. Always point bitcoin to them while they develop their skill in the market.

So which coin do you first advise your student to buy as the learning progresses?

Definitely, Bitcoin has proven in the past that it is very resilient and can bounce back despite so many attacks and its not every comparable to altcoins that we have right now. That newbie mindset boils down to what they supposedly here from so called experts and the media. That altcoin is less riskier as compare to Bitcoin, but after several months they got burn, they lost money from pump-and-dump/trading signal groups and other scam altcoin projects. Not very good experience for a newbie.
legendary
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January 28, 2020, 11:45:24 PM
#11
the problem is not with the price being high the problem is with the lies that these newbies hear and easily believe. usually they are brainwashed into thinking that the shitcoin is on the same path as bitcoin and because it is worth a small value right now it is going to be worth the same as bitcoin in a year or two. so obviously the naive newbie buys the lies and after a while that he lost a lot of money thanks to the dump of that shitcoin they realize the mistakes they had made and come back.

This graph of a few top coins shows why bitcoin is the real deal.
you are looking at the wrong numbers, you should look at their "real" prices which is in BTC not in USD. then you can see how bad an investment they are.
legendary
Activity: 2576
Merit: 1860
January 28, 2020, 11:05:16 PM
#10
So which coin do you first advise your student to buy as the learning progresses?

Everybody should learn the basics first before even deciding to buy. The buying will come later on when the person already truly understands what he/she is buying. Needless to say, when I talk about crypto to anyone, it will have to start and end with Bitcoin. And of course, when talking about Bitcoin, it does not start and end as if Bitcoin is a piece of land or a piece of gold which you buy, leave untouched for a while for value appreciation, and then sell with a profit. It kills the very reason why Bitcoin became popular in the first place. You cannot afford to miss the idea of decentralization, global and borderless, truly owned, and that it cannot be seized from you.

On another note, altcoins could really be considered building blocks so that your Bitcoin owning will grow. I am doing it in fact. Not to mention that I also believe on a few altcoins. But to reduce the risk, it is better to stick to those altcoins that have reached top ranks.
sr. member
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January 28, 2020, 10:24:55 PM
#9
Bitcoin is probably the least risky of the cryptocurrencies because it's the most known and most tested and is the face of the crypto economy.  It's true that if you are going to invest in this space, you should look at Bitcoin as a first option.
mk4
legendary
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📟 t3rminal.xyz
January 28, 2020, 10:02:07 PM
#8
So which coin do you first advise your student to buy as the learning progresses?

Nothing. Because people don't necessarily need to buy it to learn about it. Though I'm extremely bullish on bitcoin, I don't tell anyone to buy it. Simply due to the reason that not everyone can stomach the price volatility. If a person I'm talking to is genuinely interested in bitcoin and does extensive research on it, chances are, he's going to buy bitcoin without even me telling him.
hero member
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Filipino Translator 🇵🇭
January 28, 2020, 09:56:29 PM
#7
One thing I have come to observe in this crypto space is that: people always think the price of bitcoin is too expensive and they try to go for low cap coins that are still developing and will be hoping to cash out big in the long term and increase their bitcoin purchasing power, unfortunately, most times these altcoins that were predicted to grow do mess up investors plan, and instead of them to buy bitcoin this time after the first disaster, they chase another promising altcoin and end up been disappointed, by the time they are set to buy bitcoin their money would have been burnt by shitty new coins. That is a rat race.
One thing I've just noticed and observed is that, most of the newbies tends to be excited and without a strong foundation to the decision that they are making. You're example OP is the perfect example since I as well fall to buy short term promising altcoins before where in fact, I've already invested in bitcoin in the first place.

So which coin do you first advise your student to buy as the learning progresses?

Honestly, I couldn't advise that it should be bitcoin, though, they will really learn about investment if they lose allot in investing in crypto for the first time. What I could suggest is that, they should first try altcoins such as Ethereum and XRP, because Bitcoin for me is the real deal, the application of your knowledge from investing in Altcoins will be your way to earn profits in bitcoin.
sr. member
Activity: 966
Merit: 274
January 28, 2020, 07:32:27 PM
#6
Basically if you are confused where invest, just take into consideration about doing some research on strong altcoins or possible, investment that are related to bitcoin, in such a case that you don't need to find another altcoins, you aren't just looking into the market and prayinh it will be bull soon. What I mean is to try to experiment things, you could have assets that uses bitcoin as payment method, and sell goods and offer services in crypto.
legendary
Activity: 2450
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duelbits.com
January 28, 2020, 06:36:25 PM
#5
~~So which coin do you first advise your student to buy as the learning progresses?
I think we all agree about this, the first coin to recommend is definitely Bitcoin. It is the safest coin for investment and has been proven for years. However, I won't recommend investing in Bitcoin to any students. I think it is only for university students who possibly have skills to invest and trade in crypto market. So, be careful to recommend it, choose the right people/students!
legendary
Activity: 1372
Merit: 1027
Dump it!!!
January 28, 2020, 06:02:07 PM
#4
People seem to not comprehend that Bitcoin is divisible into basic units known as satoshis (sats).

Obviously buying an entire Bitcoin is expensive, but nobody needs to buy an entire Bitcoin. It's perfectly reasonable to buy a fraction of a Bitcoin, if that's all they require.

People who are hesitating to buy Bitcoin or another other cryptocurrency should just consider the USD equivalent of their investment, e.g. $90 = approx 0.01 BTC or 0.5 ETH.

Notional value doesn't matter.
legendary
Activity: 2366
Merit: 1272
Heisenberg
January 28, 2020, 05:47:19 PM
#3
So which coin do you first advise your student to buy as the learning progresses?
Definitely Bitcoin. It's the Godfather of cryptocurrencies and without it, i don't think we would have come these far without it.

I understand the need for newer technologies and solutions that the newer altcoins are trying to offer which is not bad at all but most of them are totally just created to make the creators instant "crypto millionaires"

When it comes to buying crypto and hodling it, you can never fail with bitcoin. This graph of a few top coins shows why bitcoin is the real deal. Focus on the column of Price drop from the ATH that happened to most alts in late 2017 and early 2018. Ignore Bitcoin SV because it's a newborn shit coin that didn't go through that bull run.



hero member
Activity: 3136
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Leading Crypto Sports Betting & Casino Platform
January 28, 2020, 04:55:48 PM
#2
So which coin do you first advise your student to buy as the learning progresses?
Bitcoin of course. I'm telling someone who's eager to know more about bitcoin and cryptocurrencies to buy first bitcoin. It's the best crypto and investment at the same time. I don't want them to experience what I have experienced for losing by investing to random altcoins. It's a good lesson for me though and that's why I have something to share to them. But if they insist and don't like to have bitcoin, it is their choice and their money. As long as I have told them a good advice, I'm done with them.
member
Activity: 686
Merit: 15
January 28, 2020, 04:46:55 PM
#1
One thing I have come to observe in this crypto space is that: people always think the price of bitcoin is too expensive and they try to go for low cap coins that are still developing and will be hoping to cash out big in the long term and increase their bitcoin purchasing power, unfortunately, most times these altcoins that were predicted to grow do mess up investors plan, and instead of them to buy bitcoin this time after the first disaster, they chase another promising altcoin and end up been disappointed, by the time they are set to buy bitcoin their money would have been burnt by shitty new coins. That is a rat race.

I have come up with a conclusion that whenever you are confused about the coin to invest your money, just go long on bitcoin as it has proven to always come back from the dead. In fact, never tell newbies to invest in altcoin when they still understand just little about cryptocurrency and the market. Always point bitcoin to them while they develop their skill in the market.

So which coin do you first advise your student to buy as the learning progresses?
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