Bitcoin Forum

Just as the title of this thread,  your investment will burn when you accumulate more shit coin than Bitcoin, most of us newbie think that since shit coin gives higher return, they actually don't know that investing in shit coin instead of Bitcoin is suicidal.

Let's take a look at the market today, Bitcoin is trading at $41800-42500, but almost all the shit coin as the name implies have fall drastically from grace. They don't know  that altcoin fall more than they rise, and most times it will totally refuse to return back to the price you actually bought it, and you will be forced to sell at a loss.

Think of those guys that have DCA into Bitcoin for years, how profitable they would have been now.
In other not to get burned, start DCA into Bitcoin now and seat by and prepare for harvest during the bull run.

Bitcoin I have been said and proven to be one of the safest digital assets to invest and hold for a long period of time.

But it’s all left with anyone who want to make an investment to decide which one they want to invest on it’s there money and there personal decision, and just so you know there are altcoins which are consider shitcoins that are worth investing on, not all are completely useless so we can still make few right choices but those are risk which anyone who want to get involved in it are going to take.

Few shitcoins are worth investing on and taking profit when the time is right but they are not meant to be kept and hold for long period of time because as soon as the hype is over the coin will continuously keep losing value.

What you said is absolutely true. I lost a lot by investing in shitcoins a long time ago. It's been dumped hard during the bear market, and my portfolio has become almost zero. It was never pumped, even though Bitcoin reached ATH again. Probably the team scammed us; hence, many exchanges delisted them and lost funds forever. After that, I am not much interested in altcoins, especially shitcoins. Even when I invest in altcoins for a short period of time, I only invest in the top coins. But I always prefer to invest in Bitcoin, definitely. It will recover once a day, whereas shitcoins never recover their prices.

An experienced investor HODL Bitcoin rather than trade.
The next thing would be fake pumps that will lead to further losses
The best is to buy the dip after confirming reason for said dip
Like OP said holding an altcoin especially those with no real use
Its worse than gambling.

Shitcoin is not a real investment but people put hope in shitcoin because they want a momentary pump to generate greater profits but never expect shitcoin as an investment because this token will eventually burn too and never return to its real price.

Beginners have a lot of hope in shitcoin and consider this as an ordinary investment just following the growing hype and seeing others to but when he entered on shitcoin then he himself will experience losses.

Now that they have benefited by doing DCA for years and have now generated a higher ROI, but they will not sell faster because the potential for the price to rise will be even greater.
So the best choice of investment in crypto is Bitcoin.

I've always sold shitcoins that I won or got for free from airdrops and I can tell you a thing or two about how these things turned out:

When I got BSV I sold it after a few months @$200 a coin. A year later it doubled and briefly reached $400 but you had to be lucky to sell at the top. Since May 2021 it kept going down an now is going for $50.
If you turned your BSV into bitcoin in 2019, you made a lot of profit, but if you held you lost a lot.
At the same time I got rid of BCH that I got for free as well. I sold in 2019 @ $400 and again turned it into bitcoin. The coin had its moment in 2021 when it went to $1,5k but again you had to be lucky to dump it all into euphoria. Instead I turned 2 BCH into 1 BTC in 2019 and even at current prices that BTC is worth 4x what I paid for it, but BCH is worth 40% less than what I sold it for.

It's just 2 examples of how shitcoins do against bitcoin. You can get lucky and get a brief moment when they outperform bitcoin but most of the time it will be the other way round.

That is why I am not jealous of people boasting their profits with altcoins. That's how they do it but I have my own strategy.
I will not get to the point that they made more with altcoins but I'll just wait for the right time to look at how more profitable it was with Bitcoin.
Well, to each their own and we have our own designations on our investing journey here in crypto.

The beginning was the same that it was about shitcoin that would provide high returns but because of the wrong choice of shitcoin and the average shitcoin in the end became rugpull cheating all investors who bought the coin.

I am now no longer targeting any coins let alone shitcoin all have been discarded because past losses can never be recovered, now focusing more on DCA strategies that are more efficient than just momentary gains while DCA is the most common strategy, but in this way many people have collected as many bitcoins as possible, from the results of their average purchase then it will definitely be profitable especially starting DCA from last year.

Investment in Bitcoin is indeed the most safe-haven while shitcoin investment is like a double-edged sword, it could provide a good end means and it could also be the worse nightmare. However, nothing bad in venturing into shitcoin investment if you know how it works against Bitcoin during the halving effect market which is also the time all good shitcoin performs better.

You will only get burned if you prioritize altcoins over bitcoin. But if you are wise in your investment and you maximize bitcoin investment over other shit coins or altcoins, then you have nothing to worry because in the end, you will still be more profitable with bitcoin even without the presence of altcoins. Altcoins are just a pump and dump scheme, so you can't trust majority of them that they will sustain their value for long.

However, if you invest into altcoins for short term and with an amount that you are comfortable losing, then most likely that will not create problems for you. There will only be problems if you focus on altcoins because of their too good to be true promises that are most of the time fails in the end. So always invest wit caution and always stick to bitcoin.

From the beginning, we already know that altcoins or even shitcoins are not a comfortable place to be used as investment material because there is not an investment but gambling in the hope that the shitcoins we buy are licked by several whales and pumped in such a way for their personal gain.

For bitcoin today everything is clear that indeed they are a worthy place for future investment and we all never hesitate to say that even though there are indeed several situations including a fairly deep crash before but it is precisely the right momentum to add to the protopolio that we have.
I am quite happy with the results that are happening now and the purchases I made from the start when bitcoin fell to $15k until it rose again have shown good results and there are certainly a lot of people who feel the same way now. Now we just have to keep waiting for the target we want to achieve because sooner or later it will happen.

I mine BTC and  Ltc/Doge

I hold far more btc than the other two.

but back in the day When doge was cheap I hodl a lot of it.  I made really good money with it.

Altcoins has a special feature customized to alts alone which is, " pump now and dump later".  And that's what makes them not suitable for long term plan because they are a hit and run project which makes investment in altcoin no different from gambling.

Not more than two years I started doing DCA in bitcoin I can attest to how much of a portfolio I have been able to accumulate with the confident that come rain or shine I won't lose in as much as I keep holding throughout the raining times (bear) that at sunset (bullrun) profit will abound. This confidence is what altcoins can't guarantee you when it dumps due to a long bear market.

Some people think the bitcoin price is already high, and even if they invest in bitcoin currently, they won't be making a high return. They will end up going for shitcoins without knowing that they are setting trap for themselves. If you invest in bitcoin now and are ready to hold it for a long term, if you can do so, then you will be getting a high reward from bitcoin as well, and you will have peace of mind because the risk involved in bitcoin is less than the risk involved when investing in shitcoin. A shit coin can crash at any moment and all your money will be gone. Some shit coins are created just to scam investors, and if you are looking for quick money, then you will end up falling victim.

Having shitcoins is too risky it's a do or die choice. There's no certain point that it will go up or go down in any way that you could expect. But once it go up, your investment sure will sky rocketed multiple times but once it dumps, it's the end of your investment if you can't save it on time because it can go up or down easily and lost your investment overnight. Unlike bitcoin that once it drop it still manageable once it pump it's way more better.

Well, shitcoins or memecoins are cryptocurrency coins that are a trap for newbies in investing in crypto. Little do they know, yes, it is an attractive and eye-catching coin, but the thing is, these coins are meant for beginners, thinking that they could earn from it as the price is not much and affordable. But that's the trap. Some shitcoins or memecoins either scam or just one time ATH and will fall drastically. If you are a good trader or flip coins, you know when to buy this coin and take advantage of its one-time ATH, which is a good time to sell the asset before it falls down. Many traders do this, but the thing is, it's too risky and dangerous. Without enough charts or technical analysis, you will not find the opportunity to earn and end up losing, and beginners are not meant for this kind of method of investing.

Shitcoins always crash because they are short-term scams. They are created only to make developers rich from selling their premine, that's it. The devs invest in marketing - they buy bountyhunters, bloggers, press releases, pay influencers to shill and it all makes crypto investors fall for their scam because they never learn, despite the same pattern being repeated thousands of times.

This is probably what bothers me the most about this, I can understand that newbie investors may believe themselves to be so capable that they pick a shitcoin thinking they are better at this than the rest of investors, but once they get scammed they should stop that behavior, if this was what was happening the number of shitcoins on the market will be reduced to a much more manageable number, but they never learn, and instead they keep investing in shitcoins hoping that this time will be different.

Just like bitcoin, market timing is important with anything that isn't Bitcoin.
Just like bitcoin, the more you know about it and its market, the better you can do.
Just like bitcoin, if you hold it, it will go up during the bull periods, and down during the bear periods.

Markets and changes in technology are only accelerated in altcoins and tokens. If you aren't on top of what you are doing, volatility can be wild, and if the idea or technology is superseded, it can easily never come back. Yes, don't just jump into things and hold them as if they are as reliable as Bitcoin. In this case, you will burn money. However if you are active, do due diligence, etc, then you can do well in the right periods.

Except for a few tested altcoins like Ethereum, most of them especially the new projects are a gamble to invest in, you role the dice and accept the outcome. The advice for someone who has the risk absorber to invest in them is to cash out on time when they're in the early stage of pump, because any delay can be regrettable. They might turn shitcoin on you and that'll be lose of profit and capital, in the end the investor becomes worse off than when he bought the altcoin. We can not overemphasize that Bitcoin, remains the best crypto coin to invest in, because it has proven it's worth to that regard, aside from Bitcoin, it'll have to be top altcoins, that have also proven that they can withstand the pressures of bear runs, and will always make it to bull runs and be profitable to investors.

Me after buying 2k in shitcoins and selling for 100$   ??? ??? ??? ??? ???

I have  learnt my lesson for the recent bearish, before the bearish, i bought shit coin with 93$  but, today is 90$ because the price reduce drastically, i doubt if the price will go back to the price i bought it because the more i look the more it go down. think to sell it to avoid more loss.

It seems i will just focus on bitcoin the king of crypto, to have further panic about shitcoin, since am a newbie.

i think you should just accept the 3 dol loss, it can go to a huge loss very fast

Shitcoins never give high value except Bitcoin. I agreed with all what you have said except one sentence which I have commented. Many people are investing in shitcoins because they thought it have value in the future though there are sometimes it would grow small and stop there then the next thing it comes down again and became a stable coin in that position. I have not invested in any shit coin and all my investments and tradings are on Bitcoin. And Bitcoin trading is one of the most sensitive one in the trading industry.

I know the meaning of DCA but I have not really gotten the real uses of the DCA and probably I am not using it. And those who started it earlier would be a millionaires at the present rate of Bitcoin. Yes this is the good to accumulate more to the portfolio.

The idea lies in the understanding that bitcoin should be the highest of your cryptocurrency investment portfolio, so many people don't know about this, there are many cryptocurrencies that we must not make a closer move on because they are not what we know very well to that extent, we should not be Invest what we cannot manage to loose on any altcoins, bitcoin should be our first target of investment, if we can't risk it, then we shouldn't Invest it, this is a warmly advise on altcoins Investors.

You think they don’t know? Well, except a few but most of the people who buy these altcoins know very well that Bitcoin is a safer investment but that’s the thing… they aren’t looking for safe investment but investment that will bring them faster result. People see Bitcoin as the tortoise and altcoins as the hare, but we all know how the story of the tortoise and the hare ended. Take a look at  the price today, even the cryptocurrency that was competing with Bitcoin in price is down to the ashes. Of course some altcoins can give good gains but you can’t compare their lifespan to that of Bitcoin because Bitcoin has watch the creation and death of many altcoins, and will continue.

shitcoins and memcoins can bring quick profits in a short distance, most often the price reacts to a major announcement about an exchange or a major partnership, after which there will be a decline in 99% of cases.Since the first large holders will sell their tokens, overloading them with other traders and so on in a circle. Only developers will have a profit in such projects; investors in shit coins have a 50/50 chance of making a profit.

Yeah working in finance you should see the type of stuff I hear and get asked, people tend to be clueless with any finance stuff.. not understanding basic principles.  I often get clients asking about bitcoin, and always they tell me they've got say 50 percent bitcoin, and the other 50.  I try telling them they have zero ZERO chance of becoming something. 

Twitter is filled with bots that will say "buy this coin, it's upside is way higher because its only 50 cents.. these companies never explain the other siide of the equation.  I agree though, this is a great topic btw..more people need to come here to learn this concept.

Well, you do really got a point but we cant really deny nor avoid the fact that there were tons who had been able to become rich because of those shitcoins and this is where those individuals are really that trying to achieve
and do really hope for. When it comes on lesser risks then it cant really be denied that Bitcoin would be always having that lesser risks comparing into those shitcoins but when it comes to potential returns then there's no doubt that they would really be looking up for something which does give out that bigger potential return and this is where they would be considering out on investing with shitcoins or lowcap ones on which we know that this is the only way that someone could be able to achieve on hitting those huge multipliers with their investment comparing when they are putting in Bitcoin.

Its true and indeed the reality and this is why we cant really be able to stop those people on doing such thing because they had already fixed up their mindset that they would really be getting
that huge profit if they would really be able to hit up the right shitcoin which it can potentially be pumped up by some whales.

Bitcoin and successful altcoins that have proven themselves in the market are the most logical options especially for long-term investments. Although the trend in the cryptocurrency markets is moving towards different alternatives at different times, in the long term Bitcoin and successful altcoins that have proven themselves in the market always make investors happy.

Nowadays, due to the trend of shitcoin and memecoin, many new investors prefer them but any investor who chooses these options for the long term without knowledge will definitely lose all their money. Therefore, it is very important for all investors who prefer shitcoin and memecoin to sell all shitcoin and memecoins in their portfolio during these trend periods and taking their profits.

It is especially important for anyone who has just entered the cryptocurrency markets and makes money only by buying and selling shitcoin and memecoin to pay attention to this and not to extend these preferences into the long-term process. Remember, constantly making money in the financial markets, especially when you are just starting out, causes you to become more greedy and lose more money. For this reason, you should follow the trend well and definitely not invest in shitcoin and memecoin in the long term.

Gone are those days where shitcoins and meme coins have brought massive profits to its investors. Now, they're all up to losses and anyone who's not aware of it will definitely invest like suicidal. When that happens, your money and time will definitely go into waste.

People get burned because they chose to invest first to altcoins because of their cheap prices hoping that they can maximize their profit opportunities with it, and put bitcoin as their last priority because of it expensive price. When they start losing, that's the only time they realized that altcoins are nothing compared to bitcoin. Bitcoin is the king of the crypto market, so it's obvious that it has all the potentials to be highly successful and profitable in the end, unlike altcoins that are only good in their promises but eventually lose their value in the end.

Investing in altcoins, especially shitcoins, is very risky. Maybe there is definitely an opportunity to get bigger profits. especially altcoins which still have a small price but their market cap is quite good. Of course, then this requires appropriate and wise things in determining what altcoins we need to invest in...

What is certain is that there is a lot of investment in shit coins, meme coins, or all hype coins. Because usually it's just hype for a while and the price will easily drop and won't return to its highest price. Most of the shitcoins will be like this.

I've never had anything against anyone who actually wants to earn returns from altcoin - but investing something in altcoin blindly is highly discouraged. Some altcoin can give you returns that exceed those of bitcoin - but you should still do your analysis and consider the risks. Not all altcoin are bad - but shitcoin are.

Choosing altcoin or bitcoin is fine as long as you understand the risks. In fact I wouldn't ignore the profit opportunities I can make from altcoin even though I have a primary focus on bitcoin - so I wouldn't generalize that all altcoin are bad if you expect profits.

Shitcoins are not for long-term hodl, that is the truth but I still think that there are gems among these shitpiles, if one is lucky enough to find them, they may get their lives comfortable for the rest of their lives.  But of course nothing beats the minimum risk in Bitcoin investment if compared to other cryptocurrencies. 

There are profits to be made even with shitcoins it is that shitcoins is not good for long-term holding, they are best in a short-term investment and if one is to engage with shitcoins, they should be knowledgeable enough to time when to sell, else they will end up with worthless cryptocurrency.


Greatly said! I highly agree with you, it is always best to study the cryptocurrency we want to invest in so that we won't end up bag-holding worthless cryptocurrency.  There is always profit on any investment, even shitcoins give potential profit, what matter is how we understand our investment and the timing of when to sell our coins.

Shitcoins are fine for huge gains, for example, brc20 shitcoins are giving huge gains right now, but to secure those gains park 'em in Bitcoin.

Not a fan of directly investing in Bitcoin tho, at least in times like right now where we are heading to bull market. Even if you invested in BTC at $20k, you'll have 4x at $80k, meanwhile alts would be flying high by then.

This is what I discovered for myself after I tried investing in several Altcoins. I initially thought I had made some profits, but I discovered that I was delusional when the coins started to decline and losses began.

After that I decided to leave all Altcoins and start the Bitcoin DCA strategy until at least after halving. Today I collected a good amount and continued with the strategy until achieving ATH.

I am very happy that I made this right decision and I am very happy with the results I have achieved so far and I am eagerly awaiting the fruits.

Well.. honestly I think shitcoins has a place in the crypto world and you should not avoid them for avoiding sake, you should avoid them for risk purposes when you should. If you have 10 thousand dollars in bitcoin and 5 thousand in ethereum, getting 50 dollars worth of shitcoin is nothing and you could do that if you want to do it, of course it is not like "you should do it" but I think if you really want to, then it wouldn't be a terrible decision.

But, if you have 15 thousand dollars and 13 of them is in some shitcoin then you should not do it, that is a stupid move and you should avoid it. Calculate your risk and reward ratio and manage your finances carefully, otherwise it is not going to be a pretty sight at all.

Most of the new users plan to start investing in the beginning, and they only become more interested in Shitcoins because they think they will leave more amount of Shitcoins. It's true that when your wallets mostly contain shitcoins, you'll have a lot of negative feelings towards your investment. Because most of the time you will fall into losses and not so good mentality towards your investments. So it is best for you to invest in bitcoins. Although altcoins are mostly pumped in the market and newcomers are more attracted to it and also face losses. But I think bitcoin is best for long term for high profit, so investing in bitcoin is no risk and no loss.

I have launched my phases used to have done that and what you said about Altcoin investment is entirely true. After the money and the time runs out but the results will disappoint because the shitcoin and altcoin that I have put into the portfolio will not increase again after experiencing a decline until it ends without price.

If you imagine the money and time that used to be spent on Altcoin we put in the Bitcoin investment using the DCA method, maybe now we only need to get ready to harvest when reaching ATH.
Enough is the experience of being the best teacher.

I do get what you mean when you say that you have done this. Can you indicate what kind of shitcoin you are referring to? Is this apart from bitcoin? You say shitcoins are ETH, ADA, BNB, APTOS, ARB, SHIB, PEPE, XRP, DAO, and others.

I said this because when you say terms like that, it's like, apart from Bitcoin, everything is shitcoins to you. Is that what you mean? This is where we have problems when it comes to the deliberation of terms that are not in order. Should we be specific about the sh*tcoins we're talking about? It's not that we just mention that shitcoins are very risky; no one specified what the crypto name is, as if what is coming out is that all cryptocurrencies apart from bitcoin are shitcoins. Clarify and prove that this shitcoin is what you are talking about; don't just make accusations without evidence.

The value of shit coin is much less than the value of other coins that's why if the value of this coin changes a little there is a good amount of profit. But we have to think in such a way that we will lose a lot of money if we dump a small amount without thinking that it will be a profit only. While trading we only think of positive side and therefore we can't take right decision whether we are investing in sheet coin or good coin. It is better to invest your money where your money will be safer rather than investing in coins that will give relatively high returns. If there are trusted coins in the market that give relatively less profit, I would still consider it safer to invest my money in such coins. One should refrain from investing in shit coin as well as place more trust in trusted coins in the market.

You are right a lot of people think this way, they think because bitcoin price is high they won’t be able to realize any reasonable profit but I believe those people don’t know much about bitcoin and don’t know bitcoins potential and capabilities that’s why they think shitcoin will be more profitable. It’s probably because they lack knowledge of cryptocurrency. shitcoins can be profitable when at their earliest stage of development but they are not safe investments for any individual because they can crash and become dead and worthless at anytime and that’s why it has more risks, hence the name Shitcoins. Unlike shitcoins, bitcoin can never be a dead project instead it is the master driver to all other coins, it determines the movement of the price of all other coins so why choose to invest in a coin that is inferior to bitcoin and expect more returns and less risk.

I never consider Shitcoin as a proper investment. There are many people who especially newbies are looking more towards this kind of shitcoins because they expect more profit in short period of time.  But eventually all but a few shitcoins fell in value so much that at one point they disappeared from the market. Although Bitcoin is worth more, I think it is more risky to invest in Shitcoin instead of Bitcoin. Currently the market value of Bitcoin is very high. DCA method is good for Bitcoin investment. It is true that many people have made quite a profit by investing in Bitcoin in the early days. DCA is a strategy where you invest a fixed amount of money in an asset at regular intervals regardless of value. This can help mitigate the effects of market volatility and lower the average cost of your investment over time. This is a popular strategy for long-term investors who believe in the potential growth of an asset like Bitcoin. If you want to get something from the investment in the future, then invest in Bitcoin, no matter what you do.

This year clearly confirms what you said, Bitcoin outperformed most altcoins and it was a great year for everyone who invested in Bitcoin during the bear market. The DCA strategy also worked great for me.

I also saw some altcoins that showed much better growth than Bitcoin, but I did not have them in my portfolio (actually my portfolio consists only of Bitcoin), and that's all I had to say about it, there will always be those who can grow better, but to find these tokens you need to have very good luck.

I do agree that Altcoins is far more risky compared to Bitcoin, it's not automatically suicide when a person invest in Altcoins. For early investors sure, it's not good, even Bitcoin is still risky for early investor and altcoins is far more risky. But there are some people who actually knows what they are doing and doing a thorough research before they are investing in altcoins and they can actually make a sustainable profit.

But then again , I am very agree that altcoin is far more risky compared to Bitcoin.

Before investing we need to think whether we are going to invest in bitcoin or invest in sheet coins. I always prefer bitcoin investment over sheet coins. Because bitcoin investment is always a long term investment. Because if we patiently plan long term investment then we will get success with bitcoin investment.

Recently, bitcoin has not been particularly volatile and investing in it has been a boring activity for those who like fast-changing numbers in a block portfolio. Such amateurs are more likely to invest in shit coins, but the fact is that if you keep them for a long time, the deposit amount decreases rapidly. But bitcoin has been showing excellent volatility lately, I don't even have time to get used to the new price values. Recently it was 25k, then 19k, then 34k and now 43k. I think new surprises will come to life for the new year.

More often than not, shitcoins (most of them - 99.9%) gives in high losses rather than high profits.

If you're lucky enough to sell it at all. Over time, many become completely useless to anyone: not traded anywhere, cost zero. Does anyone need this junk? I have some. :)

There is an opinion that there is no point in holding shitcoins for more than one cycle (often even less), after which almost all shitcoins depreciate by 99%.

Well, it’s not too late to jump on the back of a BTC-bull galloping into the distance.

Some people do compare bitcoin to other cryptocurrency es, however, if we invest in bitcoin, no matter how the price fall it will still rise again. As said the price of bitcoin is currently around $40k, so we cannot compare it to the same price from last year. Those who hold their bitcoin for more than a year now will have made huge profits, while those who have hold other cryptocurrencies that market crash would have had to sell it because they have no choice. When it comes to cryptocurrencies, I only feel secure investing in bitcoin because it is the best. I can advise those that haven't purchased bitcoin yet, now is the perfect time to do so because we are expecting a bull run in the coming year, so take advantage of this opportunity to buy bitcoin.

We cannot consider the high return from altcoins to invest in and lose our money, most investors, in my opinion, started with altcoins before realizing that bitcoin is the best. All the newbies who have invested in other coins simply because they could profit on time, I believe they will learn from their mistakes and regret wasting their money on other coins.

I don't really agree that all altcoins are a scam and will dump at the first opportunity, we just have to distinguish technology-based price from hype-based price. Some altcoins are really technologically advanced - using PoS networks, low fees, high TPS and much more. It basically means that these coins have real utility, which ultimately forms their prices. On the other hand, we really do have some hype coins that cost what they cost just because of some Twitter hype and don't really have any utility.

It seems like you are just explaining which option you would use yourself for long-term investment and then suggesting it to others. Indeed, this is not wrong, but you also need to know the desires of a person or those who want to become an investor for the investment period that they will make, because not everyone wants to invest long term.

So it wouldn't be wrong if someone wanted to choose a coin other than Bitcoin with a short-term investment target, even though an investor usually also takes Bitcoin and places it in a long-term investment. And over time he also took advantage of short-term investments to buy Bitcoin again so that the amount of investment in Bitcoin could continue to increase.

Investing in altcoins can be a very unfortunate experience. Sometimes the problem is with the coin itself having a relatively low market capitalization and a high risk of an exit scam. Sometimes it might be a problem of buying too late or simply at a wrong moment in time. I've had my share of positive and negative experiences with altcoin investments, but overall, I agree with the op that they aren't worth it, and a simple good old Bitcoin investment is a better choice. It's simply a safer bet because Bitcoin is the #1 currency, it gets the most attention of high-profile investors, and it's been gradually growing for a longer time than altcoins.

Because of the amount of altcoins out there, most of them are just not really worth to invest but if you are really good enough you can pretty much find the hidden gems among those shitcoins because they suddenly get pumped for some reasons (due to the community, updates, or bots). It's quite interesting sometimes to look into that but if you are newbie then you should definitely be playing safe.

Sure, the amount of Bitcoin you get by doing DCA is lower every time the price of Bitcoin is rising but if you are doing it consistently then it will really worth it at the end. Consistency is the key.

It is Bitcoin’s popularity that ironically forces people to use other chains. For example, right now it costs like $50 to send a Bitcoin transaction. What if you owe someone $5? Is Bitcoin the right tool to send that value? I would say no, it obviously isn’t. People doing actual business can’t stand around and wait for Bitcoin to be less used. They are forced to use other chains. This is a failing in the management of Bitcoin’s blockchain.

Not sheet coins mate. And if it's about the choices, never go wrong with choosing Bitcoin.

Bitcoin is here to stay so it's just wise to get on it for the long term. And that's why most of us who invests on it are also long term and holding, there's no way that you'll be wrong on this choice. And with the ones with bad experiences before with altcoins, you need to do better and don't need to be great in analysis, just sit and stack some sats and you'll be fine on the next bll run

I wish more people understood this. It's okay to invest in other coins but do that with understanding and know that Bitcoin is the safest among all cryptos. Bitcoin price goes down and you know it would go back up, but with shit coin, there is a very high percentage it won't come back up again. Once investors of a shitcoin see the price of Bitcoin dropping, they immediately sell off what's left of their shitcoin and don't think about it again, that's why it's easy for shitcoin to die off after a dip or bear market.

But with Bitcoin, we know that people will always buy again and this would make the price go up. The speculation that Bitcoin might go up again soon is one thing that makes investors buy Bitcoin again or more Bitcoin when the price dips and this in turn increases the price of Bitcoin.
There are too many shitcoins out there and choosing which to invest in seems more of a gamble than an investment.

As much as I always tell people that bitcoin is always the best coins to invest in when it coins to crypto currency investment, I still tell people it's not such a bad thing to find some really good altcoins and invest in them alongside the bitcoin investment.

Sorry to say but not every altcoin is a shitcoin, calling every altcoin a shitcoin is a disrespect to coin like Ethereum, bnb, solana and so on, all this coins have created millionaires, and stand a chance of surpassing their previous all the high in the coming bull run.

So, as we invest in bitcoin, lets also find some good alts and invest in them as well, there is a limit to the number of Xs bitcoin can do from it's current price.

More risk = more rewards!

This is something that other people would really be thinking on which they would really be that having those chances or odds on having those huge profits once they do hit up the right shitcoin. hehe
If we do try to visit out those decentralized exchangers then those coins would really be generating multi millions of marketcap on which it something that not everyone is really knowing about.
Those volumes would really be much greater compared into those coins which are listed on CEX. This is why there are people who are really that a fan on
dealing up with shitcoins or low cap coins.

Somewhat it would really be that true that it will really be that much safe if we do stick into the coins or projects that are sitting on the top.Although it wont really be that
an assurance that you wouldnt really be having those losses but when it comes to rug pulls and crashes then you can somewhat assure that this isnt something
some shitcoin that dies totally which it do really sucks.

Bitcoin's market doesn't depend upon the industry, but the industry depends upon bitcoin. That's just one truth about the cryptocurrency world. But one thing you made a mistake with is compare bitcoin to altcoins as if altcoins can even hold a candle against bitcoin. While it sure has its perks and altcoins have become a definitive inclusion in the crypto industry. Marketcap-speaking bitcoin still remains to be the linchpin that holds everything together in the crypto world.

As for shitcoins and memecoins, I don't really relate them to bitcoin's price as they have their very own market that caters not towards utility or whatever but solely for profit and hype. After $PEPE there's not much to talk about the memecoin industry anymore, so of course it's gonna fall in price. But that's not something to be sad or boastful about, it's the basic truth in this industry.

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.

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.

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.

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.

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.

What sheet coins? :D, 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.

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...   ;)

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'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.

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.

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. :)

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.

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

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.

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.

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.

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.

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 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.

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.

The thing is that you can't stop people from investing on whatever coin they want. No amount of threatening them that their investments will go to gutter will work if they can see immediate results. What you can instead do is inform them that there are perks to investing in shitcoins and there are even greater benefits to investing in bitcoin. You don't have to put down one to highlight the other mind you.

For instance, you can emphasize the fact that since shitcoins give immediate gains in some situations, users can use them to earn money quickly and enjoy perks given by the project for the meantime, while you slowly deposit some of your profits into bitcoin and other reputable currencies so you can save their valuation and to earn on a consistent and safe basis. This will ensure that the user gets the best of both things, and at the same time relinquishes the heuristic that "bitcoin is the only good coin in the crypto industry so why are we even bothering ourselves with other currencies like Ethereum or whatever" which is especially dangerous to the future of the industry. Bitcoin is king yes, but without its subjects to rule and be on top of it's not gonna be worth anything.

I agree with you, bitcoin is the safest and best choice for us but it is not the only choice. Bull season is approaching and we all know that there will be a lot of altcoins doing well and it would be a waste if we stuck with bitcoin and wasted the opportunity with altcoins. Like atlcoin called INJ, quite a few people missed it but I bought it for 10$ and now it is trading for almost 40$ in just a short time. This is just one altcoin among hundreds that are bringing significant profits, why are people so stuck with bitcoin and ignore good opportunities to increase capital?

Investing in altcoins during the bear season is very bad but we are gradually entering the bull season, let's not miss these great opportunities but make the most of them, the opportunity will not come many times if we do not know how to seize it.

We need to acknowledge that even though Bitcoin is the safest option for long-term investing, altcoins offer spontaneous opportunities that, if you take proper advantage of them, you can make some quick cash. If done repeatedly, you may even manage to pull off a second income flow. Personally, I've made a decent sum of money in the past two or three months by making the most of Binance's launchpad. Some coins that yielded great returns are SEI, Cyber, Neutron, MEME, ACE, and possibly a few others that are currently slipping off my mind.

In my opinion, the majority of our investment should include Bitcoin, while a small percentage should regard fiddling with altcoins, especially the new ones that keep popping up every now and then and are pumped the moment they're launched.

Shit coins cannot be compared to Bitcoin, but there are coins in which investing may prove to be a better decision for the future. People invest in altcoins, because people with less capital cannot invest in bitcoins. As you have mentioned the current price of Bitcoin, it requires a big capital to buy, while investing in altcoins can be started with a small capital.

If someone has a $1000 to invest in Bitcoin, he  does not have a good chance of making much of a profit. Bitcoin investment is the best, but it must be done if you have the capital. So people with less capital try their luck by opting for altcoins, but we can't say bad about all altcoins, there are very good projects where people have made good profit, and we can expect good profit in next bull season too.

Investing in Bitcoins can be said to have minimal losses as Bitcoins will never completely disappear from the market under any circumstances. And investing in Bitcoin is not a loss at all. The advantage of sit coin is that small investment can earn more profit. But you need to understand which sit coin can be invested and when to invest otherwise if you invest in sit coin the sit coin may disappear altogether. And the price of all sit coins depends on bitcoin. Because when the price of Bitcoin goes up, the price of Sit Coin goes up. So don't buy any bitcoins that may disappear from bitcoin market if bitcoin price goes down.

Bitcoin is one of the best coins to invest. Altcoin investment though profitable is also the most risky. There are some altcoins that have some dependency on investing but most altcoins have no dependency on investing. Among them, shitcoin are the most suicidal that can put people at greater risk. Any person should focus on Bitcoin investment. But those who don't have enough funds to invest can continue to invest using DCA method. DCA method of investing is one of the best investments that can make a person successful.

This is the reason for why  I am not trying to invest in new projects or those who nhave been in the lower ranks , I would rather keep holding and waiting for my altcoins together with my bitcoin than shitcoins.
i only have 5 coins now including bitcoin and I am good to have them just that because at least i know that in bull market i am gaining what those coins can bring me and not having second thoughts or some kind of scare feeling to what will happen tomorrow or the net day.

We need to do proper research before investing anywhere. We know that Bitcoins are fixed in number, hence there will be a time when the demand to accumulate the coins will be high, but due to the fixed supply of coins, there will be scarcity of coins. In a similar time, if you sell the coins, you will make huge amount of profit. Now altcoins aren’t bad, but if you choose coins which are not popular and marketcap is low, then definitely you will end up making losses.

You've said it well, and I'm still surprised why people invest so much in altcoins instead of Bitcoin. Do they not analyze the market and compare Bitcoin's price movement to other altcoins? Many altcoins often struggle to regain their initial value, and some never do. Bitcoin is the best cryptocurrency investment, maintaining profitable value even though it experiences occasional dips. Over the years, I've witnessed numerous lesser-quality coins flood the market, with developers claiming superiority to Bitcoin, only for them to disappear eventually.

Bitcoin the best coins and assets. Bitcoin also has risks and the risk is price fluctuations that can change without being able to be reached.
Long-term investment in Bitcoin can minimize risk because price returns are not necessarily obtained in altcoin investments.

Meme coins are no longer an investment option. The trend is no longer an attraction for investors to put money there because it has been proven that they will not get returns like Bitcoin if invested using DCA.
Hearing the name coin meme, people will say no.

Because of the rush in investing in shitcoins, people have given up the sense of investigation. You find too may people investing in shitcoins because they see it as a cashcow, little do they know that a greater percentage of those OGs investing in shitcoins are investing what they can afford to loose, investing to have money to invest in real time projects and also investing with a shorter time target. Once they meet their target, they withdraw and make do with the profits, part of the reason why every bull season has another shitcoin trending rather than the previous.

Considering that Bitcoins will never entirely vanish from the market, investing in them is thought to entail very little risk. Furthermore, buying Bitcoin does not result in a loss. Sit Coin has the benefit of allowing small investments to yield larger profits. However, you must be aware of which sit coins are investable and when to do so; otherwise, your sit coin investment may completely vanish. And bitcoin determines the price of all other SAT coins. Because Sit Coin's price increases in tandem with the price of Bitcoin, Therefore, avoid purchasing any bitcoins that might vanish from the market if their value declines.

It's common for newbies to have this mistake and invest in shitcoins. They may invest in these without doing any research, simply because they see a cheap price. Sometimes, people recommend these shitcoins to them based on their own gains. That's why it's important for new investors to understand that Bitcoin is a better long-term investment than these other cryptocurrencies, and to gather enough knowledge before investing.

I don't think it was common if they did the research before investing. Unfortunately, most newbies invest blindly and just follow social media influencers to the wrong investment and scam projects. Maybe we could say it was an excuse for them but they should be learning now because a lot of people shared their opinions and market experience from these altcoins. If they know Bitcoin, I don't think they have a reason to invest in shitcoins knowing that Bitcoin is a profitable investment. Knowing what we invested is very important, unless we don't care about losing our money.

You mentioned how investors often fail to conduct research before investing. Instead, they tend to invest without having any knowledge about the market. The reason behind this is that their main objective is to make a quick profit, and they often get influenced by others or social media personalities. They end up getting blinded by the amount of money that others have made, which is why this is COMMON.

The possibility of earning a lot of money that quickly pushes a lot of those people to try their luck, but that is precisely the issue, the profits which can be obtained from investing come from a deep knowledge about the markets and the ability to put it into practice.

Someone that does not have that foundation has no chance at all to obtain the same results, and any attempt to do so will end with that person suffering losses from which they may not ever recover.

Fund can only burn if you buy shitcoin as a stash in your wallet. Shitcoin as the name implies is definately a shit. Because you wouldn't buy a shitcoin and expect greater thing. Over the years shitcoin has crippled alot of peoples financial system. And the Quest to become super rich, is a tempting force that led to such investment. Everybody wants to be rich by all means without minding the Risk assessment. But I believe most of the lesson people learnt from it will make them not to participate in such activities again.

For me I have learnt my lessons in shitcoin and as a beginner I will never do it again. That's why I am always telling my fellow newbies to be careful when buying and holding some sort of coin. Because not all coin are worth holding for long. Some are just for a short term and you can make profit from it.

This is about how someone can take opportunities and there are easiest ways that they can apply, but sometimes people lose confidence because they are not based on the right knowledge.
How lucky are the people who have prepared to invest in bitcoin because the road to success is getting closer to the next ATH period and where we will stand.
Therefore, when it is not too late, it is better to try to think of ways to collect and even though this period we cannot make big profits, there is hope in the next period when we have started.

I was completely opposed to most of altcoins in past because all of them looked like different kind of scam to me. I still think most of altcoins started its life as potential scam and later became "too big to fail" for developers. I am not as conservative as I was in past now but I still believe Bitcoin is still safest bet. Real cryptocurrency is Bitcoin and all others are imitation with different colors/codes. (Only altcoin I can give "passable" rating is Ethereum.)

I would like to have your decisiveness in the past, which would allow me to avoid unprofitable investments in shitcoins altcoins.

This is partly true, and partly the “death” of these altcoins simply dragged on over time due to large investments, which allows the project to stay afloat, but in the future such projects are still inevitably heading towards their downfall.

I would say the best of the best. But you can also pay attention to some altcoins, like Ethereum (as well as several others), which you write about below.

An analogy with the dollar comes to mind, when any national currency is a recolored dollar. Same thing with bitcoin, for the most part. Except for those altcoins that offer something unique, like monero with full privacy.

I think most persons who invest in these shittycoins are new in the crypto space and they feel they're already late to buy Bitcoin when the price hasn't gone that much up. They prefer buying shittycoins thinking that it'd be the next Bitcoin, only to end up holding a bag of coin that's actually worthless. But the truth is we are still the early adopters of bitcoin and we don't know what the price would be in the coming years. It is better to buy bitcoin than to buy a shitcoin that would leave you with loss, pain and regrets.

Aside from not getting proper knowledge, they also become more greedy and maximize altcoin investments than bitcoin, knowing it’s cheaper plus there are also high promising profits, that end up with too good to be true and certainly fall into scams. Trusting in altcoins more than bitcoin makes them burn, and taking some risk that are not worthy of their rewards, since they all end up losing their funds.

It all depends on the market. For example, in 2017 there was a strong growth of altcoins, you could earn a lot of money. ICOs of new successful projects were also held, on which people earned a lot of money. But, I realized one thing - you can make money on Altcoins, but not in the long term. If we consider long-term investments, then you need to choose bitcoin.

No matter the talks and advices, there are still some people or should I say persons that actually do have little leverage when it comes to investing in some altcoins and I believe they also are part of the reason why most newbies or ignorant old timers still fall for this particular actions of buying altcoins and  regretting when the altcoins decides to drop drastically in market value.

The facts of the second paragraph are undeniable and on average their ability is only up to 30-50% and the rest will fall again and yes OP this is where the defeat of traders, especially those who do not invest in BTC, lies. For the latter, maybe if someone withdraws capital and takes some profits for those who have done DCA after the previous or previous correction at a price of 50K, I don't think there will be much this time and I'm sure this technique will continue until it's time to harvest.
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Investing in Bitcoin over altcoins is safer bet for long term benefits and profits. Bitcoin is incomparable, most of all these altcoins struggle because they lack good foundation and fail to sustain in the market unlike Bitcoin. As someone who is new in the crypto space, I keep seeing different forms of advertisement projecting most of these failed altcoins and their are so many individuals falling to their antics and scams but thanks to the knowledge in this forum. Most of these developers create altcoins with short term intention.

That doesn't happen with every altcoin, even though most altcoins are considered to have such a nature which is why they are mostly recommended for only short-term trading. Those who trade altcoins are supposed to buy them when they are low and sell them immediately when they go up a few percent because when you keep holding them hoping for further rise, they might go the other way and then you won't even be able to get a few profit percentages.

One more point is that one should only buy altcoins that they trust and know that even if they lose value, they are going to recover their price again if they are held so that they aren't forced to sell their assets at a loss after buying them and they should keep holding them until the price gets back up.

You are right, I was the one whose assets burned because of shitcoin, indeed shitcoin is a disaster, but I will not blame anyone, this is purely my fault and my greed. What can be learned from this is that greed will put you on the brink of destruction. but never mind, no regrets, life will go on and those damn shitcoins will still be in my wallet lol. useless, worthless and abandoned. I promise I won't buy shitcoin again no matter what happens even if the trend goes up 100000% ;D

CAP LOL!

Yes you are right that mate if we loss our money because we are investing shitcoins then we should not blame others cause they don't know what's really going on cause it's our decision to invest in shitcoins. Anyways let's moved forward as we know that shitcoins cannot give us a good profit consecutively. So it's better to invest with a good coins sush as ETH,BNB and BTC this three coins are already proven by other other investors  which is for sure we can make money in the long run . And it's recommended to the newbie.

Seeking profits through altcoins and then using them to buy Bitcoin is the very right direction because in the end everything will lead to Bitcoin without sacrificing more capital after the profits from altcoins are obtained. Because for some people, altcoins are just a joke that are only chosen when some people are having fun to make short-term profits before using them to buy Bitcoin at a later date. And if you, as someone new to crypto, already know about how Bitcoin is still quite dominant in the crypto space, that means that almost the entire world of Bitcoin is already known by many people.

Almost all shitcoins are created to scam people, and I have seen a lot of them in the cryptocurrency market, so we should just know that investing our money in shitcoins is just like gambling. So investing in shitcoin is all about luck. When someone is lucky enough, there is a probability that they can make it through shitcoin. But let us know that luck doesn't work on many people; it works only on a small number of people. Because of the game that most of all those shitcoin founders are playing, they will put more money into the project just to hype the project to attract the intention of people to invest in it, looking like a long-term project with good profits, but in a few months when they get a lot of investors, they will just make their profits and dump the coin, and the project will gradually die.
 
Why will someone looking for a big profit that involves higher risk investing in shitcoin? Why can't they invest in bitcoin, which may give them small profits in between short-term and huge profits in long-term investments with less risk? 

Bitcoin is not that safe too. Bitcoin is risky as well but altcoins are more riskier than bitcoin.
We have seen time and time again that bitcoin recovers from the dump and comes back stronger.
On the other hand, many of the altcoins from last 3-4 years cannot be seen even in the top 100 coins' list.
There are many altcoins whose developers have just left the coin as it is and enjoying the profits they made.

Actually Bitcoin is the coin one need to invest on without having fear of loses, because alt-coins fall more than Bitcoin and is a very high risk to invest in most alt-coins, especially Meme coin that leads assets to zero when it comes for bear market and is also have a high profit base on the entry point of the market.

Trading Shitcoin is just a gamble and you can win big or loose big. There is no possible way to control that and because of this reason it is nothing more then gambling. However if you look at all the crypto casinos you will see how many people are gambling addicts in this world. Even if Shitcoin trading is gambling it is probably not worse then casino gambling.

Well, this advice can only be valid if you do not know what you are doing. Till today, I do not think there is an investment advice that states contrary to diversification. Investment diversification is so unique and has helped a lot of people in the past. You can't just throw that away simply because of Bitcoin. And when you label coins "shitcoins," you should always know that it is relative, it doesn't apply to all coins. As a matter of fact, if it could be counted well, you will still count more than 100 altcoins that are not shitcoins, so the shitcoin tag is so relative. Talking about the investment opportunities and return as well, altcoins have it, it is all about what you want and how you are trying to get it. I wonder the person that will love Bitcoin all for the context alone, and not for the money.

If such fellows say that, they are liars, they love Bitcoin for the money. And for the fact that it is the same money you want in Bitcoin and altcoins, why not maximize your earnings through altcoins that is more promising if you are smart? This doesn't stop you from investing in Bitcoin as well, but for the more money-making sakes, you will diversify your portfolio and you will make more money. Even diversification can save you, anything bad can happen, and not even Bitcoin is 100% immune from issues, so we should always plan our safety and not only have one single asset when others are there and can hand us more returns. I've seen enough good altcoins, once you can invest in them at the right time and liquidate them at the right time as well, then you get to be successful more than when you deal with Bitcoin alone.

I have learned a lot of lesson from shitcoins investment, that make me to vow never to spend plenty money during the bear run because I thought that the same way we spend plenty amount of money on BTC during the bear run and achieve plenty money during the bull run is the same thing with shitcoins investment until i lost my capital.

 Since I have succeeded to invest in BTC last year, I think I will experience another bull run shortly because the BTC price has reached $52k this week before it started reducing back to $50k, which I know it will not fall more than $50k before the real bull market will continue for investors to earn well from their investment.

Bitcoin is incomparable to any altcoin, especially if you compare it to memecoin which some people generally consider to be trash in the crypto space. Because there are many memecoins that immediately disappear on the market after their value or trading volume no longer exists, so there is no more important reason than continuing to choose Bitcoin as the best investment available to date. And now that you know about Bitcoin as the best asset for investment, of course you no longer need to continue to care about any altcoin if it's not for profit.

I'm not comfortable with the statement that shitcoins give higher returns. Using the word "since shitcoins givers higher returns" is misleading and actually negates what you are trying to advise in this thread. Well it is English and I don't know your background but the record must be set straight. Shitcoins does not give higher returns, they are shitcoins that leaves investors angry, frustrated and depressed because they are prone to risk and loss of money.

All the people that have bad things to say about cryptocurrency are mostly investors in shitcoins. I am yet to see early investors or even long term investors of bitcoin cry and regret their decision to invest in bitcoin. The records even shows that bitcoin investments even gets better with time unlike shitcoin that that reduces to nothing with time. Investment in shitcoins is not really encouraged and anyone who must do it must only use the money they can afford to lose.

Altcoin investments have always been riskier. Choosing the right one among thousands of coins requires serious research. You also need luck on your side. The mind-boggling gains on some altcoins naturally attract gamblers. Those who buy coins not with the mentality of making a smart long-term investment, but with the aim of making a quick buck in a short period of time, often don't realize that they are taking a big gamble. It's hard for them to realize how rare altcoin stories that make people rich in a short time are. In such a market, Bitcoin will always remain a safe haven.