Topic: You will burn - page 3. (Read 1047 times)

That's the truth for the newbies when it comes to shitcoins because when there's already the opportunity to sell the shitcoin because it suddenly pumped up in prices, suddenly they don't want to sell because they want to hold on for long like how others hodl bitcoin for years and so they end up missing on the opportunity to sell again because it's a shitcoin, it goes up for once. Another reason why it's bad for newbies to get to shitcoins is that they don't do due diligence to do small research so they can see which one's a good shitcoin to invest and which one's not. If you know what you're doing with shitcoin, you'll be able to make profit out of it.

I also prefer Bitcoin for my investments; it's my main one, accounting for over 85% of my total cryptocurrency portfolio, and is aimed at long-term holding for the upcoming 5 years. However, it's also a matter of preference. Although the DCA strategy has been proven to be the most effective so far for long-term investments, some people prefer altcoins for quick profits. Even though the pump and dump scheme is extremely risky, it's a popular method for some quick cash.

Take a look at Binance's launchpad coins; all of them are boosted the second they're listed on the exchange. Even though I'm a huge Bitcoin fan, taking advantage of these tokens has yielded great returns in a short period of time. This summarizes that investors sometimes are after different things; just because Bitcoin seems like the safest option doesn't mean it's the only one.

I think you have said something interesting but you might be wrong. There are people that are making consistent profits from altcoins than Bitcoin and that is not because they own there altcoins project but they are able to see beyond themselves and look for strong altcoins in thenm market and invest in. There etfa good altcoins that can give us huge profits if we look for them and try to invest in them.
The market is big and it is obvious that Bitcoin controls the entire market as the monopoly of cryptocurrency.

I support your claim.  Most people are exaggerting stuffs, I doubt they even involved themselves in altcoin investments.  Those who had been through altcoin investment made profit and lost capital may have stated a more gentle approach when it comes to altcoin investment because these people know that some altcoin can be a life changer and may offer more profitable venture than Bitcoin.


Same here, I always prefer Bitcoin investment but would never remove the fact that there are also very good altcoins in existence that can give more profit than investing in Bitcoin in the recent situation.


So this is a matter of what altcoin to pick as an investment... and not because all altcoin are shitcoins.

Of course you are right. I think it is wisest to invest on Bitcoin for the long term. But it should also be understood that there are both good and bad everywhere.
Short traders also lost by investing in Bitcoin. That is their failure.
Now which one you choose is entirely up to you. I will always prefer Bitcoin.

Sheet coins are always full and this is not a good sign to invest at all. Most of the time new users and traders think that Sheet Coins have high returns due to which they invest greedily and they may commit suicide later. Most altcoins go down when the market price of Bitcoin goes down by a small amount but Bitcoin doesn't go down that much. Therefore, investing in these coins is the most serious fear of losing money at any time. When you buy a Sheetcoin in a high market, when the price falls in that market, you will incur huge losses and will be forced to sell at a loss. Those who have DCA investing in Bitcoin are always in profit most of the times they make profit using DCA. When you use DCA by investing in Bitcoin you will definitely get profit when the bull season starts in the market.

Bitcoin is indeed the best crypto to invest in. Less risky, reliable and proven as worthy to hold for long period, no doubt. But not all altcoins are shitcoins since some of them are also established, next to Bitcoin as a good investment because they have real use case.

However, it's true that many alts are just existing because of hype without utility. These coins are the high risk investment, wherein you can earn huge in a short period if you're lucky to timing its peak price to sell. The reason why investors (especially newbies) are tempted to risk their money in these coins due to the possible high return and because of the short period timeframe to profit. Anyway, we can't force everyone to do as we say since it's their own money therefore the decision is up to them if they will follow or not.

it is advisable by most to diversify our portfolio and invest in different kinds of cryptocurrencies other than bitcoin or ethereum as they are the top two cryptocurrencies right now like everyone, most people want to buy low and sell high they are probably trying to look for the new bitcoin hence why they are trying to be risky and invest in newly launched coins

even with the goals of diversifying portfolio and investing in newly launched coins it’s still important to pay most attention to bitcoin meaning even if you have other altcoins in your portfolio most of your investment should still be in bitcoin

Exactly the Bitcoin is the one on which if you believe it will return you much more as you have thought about it. There can luck be matter when a newbie invest in a shit coin and it suddenly pump h/s may get higher return but if h/s think that it will give again and they invest again so I think this is a bad decision.
And the method you have mentioned DCA if anyone is using this method for years for Bitcoin so h/s will be in profit at that time. Or if will wait for more years so definitely Bitcoin will give higher return. But you have to believe on Bitcoin.

While what you said is true, some scenarios might negate what you said.

For example, I used to have Bitcoin in my portfolio, then I chose to risk let's say 50$ of it and bought some meme coin like PEPE, SHIB, or DOGE. I only invested because I wanted to gamble some of my money, and there's nothing wrong there. To use the term "suicidal" is a bit exaggerating for me. I guess the correct term for that is "very risky". Just simplify it. I know, I know that investing in shitcoins instead of Bitcoins is a very risky move "IN THE LONG TERM", but there are some investors out there that are still investing in these shitcoins because they believe that anytime, that shitcoin might go 10x or even 50x if they're lucky "IN THE SHORT TERM".

I'm not against what you said though. I always believe that DCA is the safest way for an investor to be profitable, but investing in shitcoins is still a good thing if they want to gamble some of their money to buy it. They know that there's a high chance that they'll get burned, but do they care? No, especially if that money is what they can afford to lose.

True, however when on social media this market is promoted as a way to make profits at an astonishing rate, many of those that come to this market after reading about it are not really interested in buying bitcoin and holding it for long, so they buy shitcoins thinking this is the right path for them to take, only to end up incredibly disappointed, as instead of making the profits they were expecting, what they encountered were massive losses from which they cannot recover.

There's no way you will burn if you chose the right investment. That is having knowledge on the kind of investment that you have, and not because your greed tells you to do so. With bitcoin, your investment is safe from scams and may protect you from inevitable losses in the market. But if you focus on altcoins, the bigger chances that your investment falls into scam. Altcoin market is the playground of scams, so you have to only invest on potential and reputable altcoins that will save you from your losses, but still maximize your bitcoin investment as much as possible.

People who focus on bitcoin investment and hold it for long term, are most likely the ones who are highly profitable in the market. But if you prioritize shitcoins over bitcoin, then the danger to lose is already visible. You may gained short term profits but you can never expect for long term profitability. Shitcoins do not have long term value, so if you goal is to invest for long term, then that should not be your first choice. Stick to bitcoin and avoid shitcoins and altcoins. That will guard your investment from future losses.

There is no advice that is valid when people want to go to "Alts" beach and sunbathe, I believe that financial comments should always be directed at the idea of being an option and not a guideline, everyone makes their moves and makes profits, the DCA It is the most used jargon today, but because its staunch followers have its fruits after two years without seeing +40K, then simply if your crypto-folio is going to be 100% bitcoin it is fine, and doing so is its best premise.

The reality is that many diamond hands with bitcoin have their weaknesses for some Alts, they like to go on vacation to "Alts beach," and then they see a shitcoin with nice "tits" and "asses" and they are enthralled, they fall, so, get a tan... but! I don't think they will burn...   

What sheet coins? , come on don't be shy. Just write their exact spelling. Don't worry, no one will be angry with that, even the admins of Bitcointalk. They deserved to be called that anyway, because they are nothing but only good at scamming people. With that said, will you still think twice if you will choose BTC over them?

But, we need to think twice if we will invest in BTC or not, because it isn't going to be easy. We won't be rich overnight right after we invest in Bitcoin, but it can in fact take a lot of sleepless nights before we earn a good amount. There are still people who can be able to short BTC (short-term investment, and trading) apart from long-term investment. It also have downsides though.

Remember that any altcoin or shitcoin that exists, relies upon Bitcoin. Bitcoin might not be the first coin that existed in the crypto industry, but it is the first coin that survived and has the highest value in the market. Any altcoins have a higher volatility than Bitcoin causing its value to have a higher movement that people love cause they take advantage of it. Still, this only applies to short-term investment cause it is too random so if you're gonna invest expecting a great return then you won't expect it with altcoins, which is why it is still better to invest with Bitcoin as its value would surely increase in just a long period. There's no bad thing in investing in shtcoins or altcoins, as long as you know the projects and would exit sooner or later.

Purely overexaggerated, not all alternative coins are shit coin, Bitcoin is down and majority of the alts are down too, but some are still doing so well, like Injective and Shrapnel out of few, the question you should be asking yourself is how good you are at Choosing the right alts?

I got so much love for Bitcoin but I can't ignore some truth about how I have used alternative coins to buy more Bitcoin, profit wise alts are doing great for me, I am up over x10 on few, and I took profit to buy more Bitcoin.

If you are getting burn on your capital it's because you sucks at picking the right alts to go for, I have seen too many complains on alts but I can't be the only one getting better money from altcoins, still I believe that Bitcoin is the best, and also the more trusted, as for alts, they are best way of getting more Bitcoin.

If you continue investing your money on shitcoins, you will surely get burrn of your capital because they are not reliable the way BTC is reliable to those that understood the investment very well and, whenever the price of BTC is rising in the market other shitcoins will be rising little to encourage their investors. Since I burned a lot of money on shitcoins some years ago, I have changed my mind to make BTC my best investment and I have gained a lot from BTC investment which I can recommend you to try with what you can afford to lose and, you will never regret in investing in BTC.

Shitcoins investment will do you more harm if you don't involve others potential coins in your investment and, if you can invest now in BTC, you will surely earn more money when the price rise higher next year 2024.

In fairness to these people that are into shitcoins, if they've made money from them, we can't question their moves as that's how they work on this market and how they invest in.

But we're done with them, too much of them is going to make you crazy at all because they're just too highly volatile that you might miss a lot with some snaps if you don't get to monitor them.

I agree, Bitcoin is incomparable and newbies that are getting into this market should start all of their ways with Bitcoin.

Actually, what drags some people to invest in altcoins is that they are looking for a quick profit, while others are not too knowledgeable about cryptocurrency, so they end up investing their hard-earned money in some shitcoins that might not return any profit.

It's true that some altcoins generate a very huge profit for early investors, but some investors normally buy an altcoin at the wrong time, and that's why they get burned, and some people also invest and abandon the coin in their wallets without knowing that they are supposed to keep tracking the success of the project so that they can quickly sell if they have accumulated some profit.

I don't advise newbies to invest in altcoin unless anyone is fully aware of the risk involved. Then the person can invest the amount of money they are willing to risk. Because investing in altcoin is like gambling, you don't know the coin that can generate a 100x profit or the one that can burn their asset.

Bitcoin is the only crypto that doesn't have the pump-and-dump nature of other altcoins. So, investment: Bitcoin is more secure than other altcoins, and if an investor wants to make a profit with Bitcoin, they have to be patient and hold their Bitcoin till a bull season, or they must keep accumulating by DCA to accumulate enough Bitcoin that can earn them a significant profit.