Why you should only hold Bitcoin - page 7.

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Quote from: HONDACD125 on May 18, 2024, 10:07:43 AM

Quote from: Nothingtodo on May 15, 2024, 06:09:56 PM

Bitcoin is the only dependable and risk-free coin in the crypto currency market and if it can be invested for a long time, there is no risk and the profit potential is very high. Also, I keep folding Bitcoin for the foreseeable future due to the potential for a good profit in the future. Moreover, there is no risk involved in investing in Bitcoin and there is no possibility of being cheated out of this coin market so the only holding coin is Bitcoin only.

It's not like there are no risks attached to a Bitcoin investment but it depends on the type of the investment, the time, and market conditions. When you invest in Bitcoin by buying some bitcoin from the spot market when the price is pretty low, you tend to have a very low risk of losing money because the market will probably go up from that point and then you can sell your bitcoins and earn some profit from your investment. However, if the same investment is done when the price is high and then it goes down, if you are patient, the risk is still low, but if you are new and impatient, there are risks that you might sell your assets and incur a loss because you bought them higher and sold them lower.

Other than that, futures and other trading markets carry substantial risks.

In addition to the risks that bitcoin's volatility brings to us, there are also security-related risks such as hackers, and loss of private keys...all of which will cause our bitcoins to disappear without there's a way to get them back.

Furthermore, the legitimacy of bitcoin is also a risk that we should not ignore. Although bitcoin ETFs have been accepted, there are still many countries that have not legalized or even banned it completely.

Honestly, I have not seen any asset that can give high returns with no or low risk, including bitcoin. Those who say bitcoin is risk-free are just trying to exaggerate it more than necessary.

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Quote from: MissNonFall9 on June 03, 2024, 10:44:25 AM

So we must be strategic and experienced in our selection. In life or any business we must look ahead and look at the obstacles to success so that we can face them without getting discouraged. So one has to move forward bravely and patiently with a steadfast attitude towards the goal.

You have to be enthusiastic about BTC. The market looks like it will be very good in the next few days, a lot of buying flow will also come from individuals who may have just earned money from their monthly work so maybe some of it can be set aside to buy BTC even though it is done in installments using the DCA method. Continue holding and adding to current holdings.

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Quote from: wiss19 on May 15, 2024, 05:45:22 AM

Quote from: MissNonFall9 on May 13, 2024, 01:33:54 PM

Quote from: blckhawk on May 11, 2024, 12:40:09 AM

You just don't get it OP, the reason for why other hodl other cryptocurrency besides bitcoin is from the fact that there are some altcoins out there that can make you a hefty sum if you just sold it or you've bought when they were cheap and some people in the community have an ingrained thing about them that they can't afford to miss out on things especially for those that have seen bitcoin grow more than $0.1, they just don't want the idea that they miss out on the next bitcoin, that's why it's still popular to invest into altcoin because of the fact that you might be able to buy one that would make you rich and turn your life around.

Bitcoin is like a magic wand in people's lives. It will change the fortunes of people who have invested or are still investing here. There are also many who want to diversify their investments by investing in other cryptocurrencies. But the bottom line is that Bitcoin can pay more dividends than any other cryptocurrency by taking minimal risk. So no one should miss this life-changing opportunity.

That is what the majority is thinking towards the coin but actually that's not how easy it is. Bitcoin won't just pump right after you bought it but it can also take a long time for that to occur. It requires a good amount of patience and courage because there is also FUD's here. BTC can still be considered to as less risky due to its old age but in terms of dividends, let's faced it that newer and smaller coins can give more.

We only need to choose our side wisely. We can't please everyone to get involved here and also, some people are clueless about BTC/cryptos but don't worry about them because they might still find other life-changing opportunities outside. BTC and cryptos are not all you know.

It is clear that among the cryptocurrencies Bitcoin is the least risky in terms of profit as it is a old currency and has shown good results in the past. Also there are many potential and important currencies in the crypto market which can give us good dividends. So we must be strategic and experienced in our selection. In life or any business we must look ahead and look at the obstacles to success so that we can face them without getting discouraged. So one has to move forward bravely and patiently with a steadfast attitude towards the goal.

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Quote from: Jaycoinz on May 18, 2024, 09:43:51 AM

Bitcoin is certainly a wise choice every smart investor will choose although like you said the certainty to any cryptocurrency is doubtful untrue but with Bitcoin the limitations and risk involved is way better compared to so many altcoins out there.

I had a friend who actually taught investing and holding Bitcoin is far too stressful and he look for other alternatives and bought Shiba Inu and the reason was he had slow patients when it comes to waiting like he really need the profits overnight but just as the possibility are there that few of these altcoin can give that, but same as their is little chance of Making good funds from altcoin same theory applies in a same way you could lose everything within the twinkle of an eye.

Of course, if we look at the survivability of BTC has been measured and tested while for Altcoins, especially those that do not have a reputation and history, will be very weak defense, here I am not saying for just one coin / token but most of them are like that.

Here are some of the reasons that may come from big investors where they don't want to play anymore other than BTC coins and continue to focus on this main coin whether for the day, tomorrow and the future. Of course, everyone has the right to make their own choice when choosing and I think for all who will enter the market, there is not the slightest compulsion for them to have to buy BTC.

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Quote from: peter0425 on May 16, 2024, 12:22:47 AM

Quote from: wiss19 on May 15, 2024, 05:45:22 AM

We only need to choose our side wisely. We can't please everyone to get involved here and also, some people are clueless about BTC/cryptos but don't worry about them because they might still find other life-changing opportunities outside. BTC and cryptos are not all you know.

Cryptocurrency or bitcoin is not the only opportunity for us to make profit or get wealthy however in our time today it might be just the best investment opportunity we have.

We need to face the digital time we currently live in. Cryptocurrency is slowly but surely seeping into our lives and the world and soon enough we will see it become mainstream. Everyone will be using digital money may be it fiat or crypto so might as well get yourself a little used to it already.

Investing in Bitcoin will certainly be able to prepare our future for the better when we properly understand this investment, so it is important to understand it well before deciding to invest in Bitcoin and we can see the right time to invest so we can get profits from it. the investment.
Currently, everyone is very accustomed to the digital era and everyone will of course use digital money and choose to invest in Bitcoin or crypto. This will certainly make us used to when crypto has become a legal means of payment, even though this requires a long process before it can be achieved.

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The big boys have already spoken on what will matter.

https://en.wikipedia.org/wiki/EDX_Markets

BTC, Bitcoin cash, etherium and ltc.....

That's pretty much gonna be it on the big playground.

Cash isn't looking to bad...... But remember none of them represent diversity. none.

I am amazed at the BILLIONS in market cap in everything else. Not sure how much is phony or not, will never play in them. Ever. Maybe a FOMO pump to take peoples money.

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Quote from: SickDayIn on April 27, 2024, 07:21:02 AM

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

I agree with you. Talking about currencies I see no other alternative besides Bitcoin for long term gains. Even dollar and euro which used to be strong currencies to be used as reserve of value aren't trustful anymore. They are also heavily impacted by inflation, so we have to appeal to Bitcoin currency or another categories of investments such as stocks market and real estate. Anyway, I wouldn't pick any currencies besides Bitcoin to hold considerable sums of money.

And in my opinion everyone who cares about their future should start thinking on this same direction in order to thrive and remain relatively sustainable and autonomous in this chaotic world. Bitcoin is one of the few things we can trust nowadays because there isn't a central figure behind it changing the protocol (or the rules of the game) all the time.

On the other hand, that is what happens in our countries in real time. Authorities aren't to be trusted anymore. Their promises are empty, as are their actions in order to improve the economy. People who put their lives on the hands of authorities are under severe and constant risks of losing everything...

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Quote from: Nothingtodo on May 15, 2024, 06:09:56 PM

Bitcoin is the only dependable and risk-free coin in the crypto currency market and if it can be invested for a long time, there is no risk and the profit potential is very high. Also, I keep folding Bitcoin for the foreseeable future due to the potential for a good profit in the future. Moreover, there is no risk involved in investing in Bitcoin and there is no possibility of being cheated out of this coin market so the only holding coin is Bitcoin only.

It's not like there are no risks attached to a Bitcoin investment but it depends on the type of the investment, the time, and market conditions. When you invest in Bitcoin by buying some bitcoin from the spot market when the price is pretty low, you tend to have a very low risk of losing money because the market will probably go up from that point and then you can sell your bitcoins and earn some profit from your investment. However, if the same investment is done when the price is high and then it goes down, if you are patient, the risk is still low, but if you are new and impatient, there are risks that you might sell your assets and incur a loss because you bought them higher and sold them lower.

Other than that, futures and other trading markets carry substantial risks.

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Quote from: Mr.sprin on May 16, 2024, 01:49:52 AM

Quote from: Kristiyana on May 16, 2024, 01:27:56 AM

You're right there is risk in bitcoin investment but the risk is never to be compared with the risk in other coins, However is obvious that bitcoin is the most reliable and trusted coin when it comes to crypto investment, secondly bitcoin is also trusted in long term holding that is why most investors choose to invest only in bitcoin. Moreover people always talk about altcoins being scam sometimes I don't always blame them for saying that because they have their reasons, but I think most of the altcoins like ethereum and bnb I think they have good potential in the future.

Yes bro, if we talk about risk, everyone has their own risk, but let's see which one has the least risk, like we saw in the BTC coin, why do big investors want to invest in BTC because there it is more confident and safe, even though the risk is there, it is less compared to other coins, and BTC is also long-term, more suitable for those of us who have large capital and want to take the long term, rather than taking the short term, it will result in the risk of a price drop when we buy at a high price, it's better to study it carefully first before drawing conclusions. Don't be rash in drawing conclusions, it will result in high risks.

Bitcoin is certainly a wise choice every smart investor will choose although like you said the certainty to any cryptocurrency is doubtful untrue but with Bitcoin the limitations and risk involved is way better compared to so many altcoins out there.

I had a friend who actually taught investing and holding Bitcoin is far too stressful and he look for other alternatives and bought Shiba Inu and the reason was he had slow patients when it comes to waiting like he really need the profits overnight but just as the possibility are there that few of these altcoin can give that, but same as their is little chance of Making good funds from altcoin same theory applies in a same way you could lose everything within the twinkle of an eye.

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I somewhat agree with what you've said. Bitcoin is the only "reliable" coin that you can hold for the long term. However, it doesn't mean that people should stop investing in other projects. A diverse portfolio is always better than hedging your bets on just one coin or asset. I also see potential in SOL, ETH, and other altcoins. Of course, research is crucial and you must not invest blindly.

Well it depends on the personal preference of each participant actually. Because if you are here long term like 10 or 20 years of investment, of course the most reliable digital asset that you can invest to that is available right now is Bitcoin. However, if you are just here short term so that you can play around with daily fluctuations then you can trade with major Altcoins like ETH, SOL, VET. Because there's no worry on it years from now. you're just there short term. You don't worry about fundamentals, you are just interested purely in possible 10x 100x or 50x of price of the coin short term.

holding your cryptocurrency for me is very important because I don't like a short-term investment a short time investment is like someone who is a looking for fast profit for it investment and that profit will not be mega as a we can see as investor so people that entered into long-term investment is people that make a profit so when you purchase and you hold for long time it is when you make profit and I prefer holding my Bitcoin than any other coin for long time

Hodling your cryptocurrency is the simple strategy many hodlers use to accumulate profits in the industry, how you hodl will determine huge amount of money you will going to make from your hodling because the ATH use to happen every 4 years for those that hodl their coins long to fulfill their target.

Short term hodling will not allow you to make a big profit, which is the reason some people don't like to involve themselves in short term investment because it will take them a long years before they can make a reasonable profit from the investment.

You can base your BTC for long hodling and base your altcoin in short term hodling, to ensure nothing makes you to sell your BTC until long period of time before you can sell to accumulate profits.

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Quote from: Kristiyana on May 16, 2024, 01:27:56 AM

You're right there is risk in bitcoin investment but the risk is never to be compared with the risk in other coins, However is obvious that bitcoin is the most reliable and trusted coin when it comes to crypto investment, secondly bitcoin is also trusted in long term holding that is why most investors choose to invest only in bitcoin. Moreover people always talk about altcoins being scam sometimes I don't always blame them for saying that because they have their reasons, but I think most of the altcoins like ethereum and bnb I think they have good potential in the future.

Yes bro, if we talk about risk, everyone has their own risk, but let's see which one has the least risk, like we saw in the BTC coin, why do big investors want to invest in BTC because there it is more confident and safe, even though the risk is there, it is less compared to other coins, and BTC is also long-term, more suitable for those of us who have large capital and want to take the long term, rather than taking the short term, it will result in the risk of a price drop when we buy at a high price, it's better to study it carefully first before drawing conclusions. Don't be rash in drawing conclusions, it will result in high risks.

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Quote from: MiF on May 15, 2024, 08:19:57 PM

Quote from: Nothingtodo on May 15, 2024, 06:09:56 PM

Bitcoin is the only dependable and risk-free coin in the crypto currency market and if it can be invested for a long time, there is no risk and the profit potential is very high. Also, I keep folding Bitcoin for the foreseeable future due to the potential for a good profit in the future. Moreover, there is no risk involved in investing in Bitcoin and there is no possibility of being cheated out of this coin market so the only holding coin is Bitcoin only.

I think there is still risk on investing bitcoin but it is a very low risk than other coin, because bitcoin is the most trusted coin in crypto and there is no way for Bitcoin to become a scam unlike other new altcoins that is newly developed and has a big chances that will become a scam and abandoned by the developers just like some other projects that become shit projects in the long run.

You're right there is risk in bitcoin investment but the risk is never to be compared with the risk in other coins, However is obvious that bitcoin is the most reliable and trusted coin when it comes to crypto investment, secondly bitcoin is also trusted in long term holding that is why most investors choose to invest only in bitcoin. Moreover people always talk about altcoins being scam sometimes I don't always blame them for saying that because they have their reasons, but I think most of the altcoins like ethereum and bnb I think they have good potential in the future.

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Quote from: Bitco55 on May 15, 2024, 12:37:55 PM

Yes, the information on this thread is so true. To be honest, while a lot of people still don't believe in Bitcoin and still call it a scam, Bitcoin may be the only cryptocurrency I have a very high percentage of trust in. A lot of people's experience with some of these failed cryptocurrencies may even be the reason why they don't believe in cryptocurrencies anymore. Don't get me wrong, you shouldn't, cause of this believe that altcoins are scams too. They're not. They're just not as strong as Bitcoin. Some of these are good, like too good and trustworthy, Ethereum, but not all of them are food enough to be HELD for long.

In finance, people spend, and save/ invest, in cryptocurrency, people trade and hodl. You can very much trade altcoins, but I don't think it's such a wise idea to hodl them. Bitcoin should really be the only crypto you hold for long. You can do you if you feel some altcoins are worth hodling. This, at the end of the day, is just my opinion.

Either Bitcoin or altcoins I don't tend to hold any for long, I will take profit when Bitcoin makes a new all time high and buy back when a massive sell off happens or after a bull market is over, this is how to secure fund and end up with betyer amount of Bitcoin later.

What I won't do is buying the same old altcoins from the last bull market again, this is where there is a massive difference between altcoins and Bitcoin, it is very hard for old altcoins to make a new all time high again, most of them died after their first taste of full bull market.

This is why I always abandon the old projects and focus on the new ones that raised a lot of money, minus the likes of BNB and Ethereum, even if you plan to retire with Bitcoin it makes no sense to hold through a bull market into another bear market, like if BTC reach 90k i will sell all my BTC and maybe buy back in 2026 when a new lows happen.

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Quote from: wiss19 on May 15, 2024, 05:45:22 AM

We only need to choose our side wisely. We can't please everyone to get involved here and also, some people are clueless about BTC/cryptos but don't worry about them because they might still find other life-changing opportunities outside. BTC and cryptos are not all you know.

Cryptocurrency or bitcoin is not the only opportunity for us to make profit or get wealthy however in our time today it might be just the best investment opportunity we have.

We need to face the digital time we currently live in. Cryptocurrency is slowly but surely seeping into our lives and the world and soon enough we will see it become mainstream. Everyone will be using digital money may be it fiat or crypto so might as well get yourself a little used to it already.

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Quote from: MiF on May 15, 2024, 08:19:57 PM

Quote from: Nothingtodo on May 15, 2024, 06:09:56 PM

Bitcoin is the only dependable and risk-free coin in the crypto currency market and if it can be invested for a long time, there is no risk and the profit potential is very high. Also, I keep folding Bitcoin for the foreseeable future due to the potential for a good profit in the future. Moreover, there is no risk involved in investing in Bitcoin and there is no possibility of being cheated out of this coin market so the only holding coin is Bitcoin only.

I think there is still risk on investing bitcoin but it is a very low risk than other coin, because bitcoin is the most trusted coin in crypto and there is no way for Bitcoin to become a scam unlike other new altcoins that is newly developed and has a big chances that will become a scam and abandoned by the developers just like some other projects that become shit projects in the long run.

Bitcoin was the first successful attempt to create a reliable and secure decentralized currency. The value of other currencies in the crypto market often depends on the price of bitcoin. Bitcoin is always a good currency investment there will be risk those who take the risk will succeed bitcoin investment should hold good and durable for the long term.

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Quote from: SickDayIn on April 27, 2024, 07:21:02 AM

Currently the only option to invest in and hold over the long term is Bitcoin. It is the only truely decentralised cryptocurrency, with a finite supply and being used for its original intention on a regular basis - a storage of wealth that is not impacted by inflation, and the ease of making borderless transactions.

What I am ultimately getting at here in the theme of my post is that there is no other coin besides Bitcoin, which you can trust can be held over the long term. What are your thoughts?

For long term capacity I agree that bitcoin is the only thing that has certainty. But when it comes to cryotocurrencies in general there are some coins that may have a good rate of making profits. Otherwise the crypto space would not be this big without other coins being created and this is not just my understanding. If you want to be at a much safer level then holding bitcoin is the right choice and we only need to wait for the increase process to make a profit.

But since you are talking about a coin that can be traded in the long term then there is no historical argument against Bitcoin because it has demonstrated its strength so far openly. So yes, Bitcoin is the only one that has the ability to survive in the long term, even though there is a correction process along the way.

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Quote from: Nothingtodo on May 15, 2024, 06:09:56 PM

Bitcoin is the only dependable and risk-free coin in the crypto currency market and if it can be invested for a long time, there is no risk and the profit potential is very high. Also, I keep folding Bitcoin for the foreseeable future due to the potential for a good profit in the future. Moreover, there is no risk involved in investing in Bitcoin and there is no possibility of being cheated out of this coin market so the only holding coin is Bitcoin only.

I think there is still risk on investing bitcoin but it is a very low risk than other coin, because bitcoin is the most trusted coin in crypto and there is no way for Bitcoin to become a scam unlike other new altcoins that is newly developed and has a big chances that will become a scam and abandoned by the developers just like some other projects that become shit projects in the long run.

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Bitcoin is the only dependable and risk-free coin in the crypto currency market and if it can be invested for a long time, there is no risk and the profit potential is very high. Also, I keep folding Bitcoin for the foreseeable future due to the potential for a good profit in the future. Moreover, there is no risk involved in investing in Bitcoin and there is no possibility of being cheated out of this coin market so the only holding coin is Bitcoin only.

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Quote from: MissNonFall9 on May 13, 2024, 01:33:54 PM

Quote from: blckhawk on May 11, 2024, 12:40:09 AM

You just don't get it OP, the reason for why other hodl other cryptocurrency besides bitcoin is from the fact that there are some altcoins out there that can make you a hefty sum if you just sold it or you've bought when they were cheap and some people in the community have an ingrained thing about them that they can't afford to miss out on things especially for those that have seen bitcoin grow more than $0.1, they just don't want the idea that they miss out on the next bitcoin, that's why it's still popular to invest into altcoin because of the fact that you might be able to buy one that would make you rich and turn your life around.

Bitcoin is like a magic wand in people's lives. It will change the fortunes of people who have invested or are still investing here. There are also many who want to diversify their investments by investing in other cryptocurrencies. But the bottom line is that Bitcoin can pay more dividends than any other cryptocurrency by taking minimal risk. So no one should miss this life-changing opportunity.

Let me rephrase it, the thing is that yes bitcoin could give a good fortune and reward if you've done it correctly and efficiently but the thing is it is not all the time, remember bitcoin or any crypto currency are so volatile that you can't be sure what will be the next movement unless you know how to do technical analysis or you know how to handle the situations and different scenarios, remember there are also losing money in bitcoin with wrong decision so we can't say that bitcoin is all green we should also consider to mention the risk and such, but over all bitcoin is the best currency to invest with, but for me I want to diverify my potential profit so I do other currencies that has the potential to give me profit through analysis, and of course through decision making, You should not decide quickly, you should decide carefully and calculating the risk.

Bitco55

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Yes, the information on this thread is so true. To be honest, while a lot of people still don't believe in Bitcoin and still call it a scam, Bitcoin may be the only cryptocurrency I have a very high percentage of trust in. A lot of people's experience with some of these failed cryptocurrencies may even be the reason why they don't believe in cryptocurrencies anymore. Don't get me wrong, you shouldn't, cause of this believe that altcoins are scams too. They're not. They're just not as strong as Bitcoin. Some of these are good, like too good and trustworthy, Ethereum, but not all of them are food enough to be HELD for long.

In finance, people spend, and save/ invest, in cryptocurrency, people trade and hodl. You can very much trade altcoins, but I don't think it's such a wise idea to hodl them. Bitcoin should really be the only crypto you hold for long. You can do you if you feel some altcoins are worth hodling. This, at the end of the day, is just my opinion.

Topic: Why you should only hold Bitcoin - page 7. (Read 2497 times)