Bitcoin Forum

Guys let Nobody fool you on this crypto investment. the fundamental rules of these things remain the same. Nothing has changed. people has been saying it here on this platform and some times we don't listen. Please the fundamental rules are still effective.

1; DO your research properly for any crypto you want to invest in.
2; HODL, HODL HODL no matter what.
3; LONG TERM INVESTMENT PAYS OFF.

a 200usd investment on Fantom at Mid April Now worths 200,000usd.
a 200usd investment on solana at same time worth over 62,000
same can be said of AXS and so many others. go for long term.

i have decided to do this no matter the market movement. Bull or Bear. i will invest and Hold on quality projects.

Other fundamentals about crypto-currency, prevent people from large debts, big loses are invest with an amount that can be endured if the crypto-currency, didn't work-out as you taught, also as the market is up this October and alt-coins are rising some would be think of borrowing to invest in one alt-coin or two, brings me to another rule, don't invest with borrowed money, investment to investors is a risk, but I would rather risk my own money I can endure as to investing with borrowed money, another rule is
+ Crowd investing - investing in coins because the crowds are doing so-

Which mid-April are you talking about, though? The last Mid-April increase of the coins you listed can't get you such returns. It's a bit of an exaggeration on your side.

What is very important is picking the right project whose coin price can grow over time and also get hyped at one point. Sometimes there's luck too. I had so many shitcoins I held in the last bull run and bear run, but trust me, no has made such returns.

Just ask any person who held coins like EOS, NEO etc

No, it was not an exaggeration but a mistake from her end. I believe she was talking about Mid-April of last year when the bullish market is yet to start.

I will advise you to exclude the hype cause when a project is good the crypto community doesn't have any choice than to support it.

The first thing to look for is the coin with a real use case and utility that always gains from the Bitcoin halving market

Honestly, these are one of the worse coins and I never support it right from the beginning it seems to be backed by the Chinese tycoon

Good luck holding those that you have.

You haven't mentioned how profitable it is to hold bitcoin in the long term. It's the best of them all and it's always the dictator of the market whenever it goes up.

You don't need to do any research if you choose bitcoin as your long-term investment asset. Just deposit some of your fiat on an exchange and buy bitcoin when the price drops. It's very gray about April you talk about in this thread and my guess is April 2020. Bitcoin has proven to provide many benefits for its long-term investor and as a user of this community I assume that only bitcoin really provides a sense of security for long-term investment. It's okay if you are interested in investing in altcoins, but you really should do a complete research or project analysis before you start investing. Hold is the personal belief of every investor or trader, so if others don't want to do it then let them go their own way

Dollar Cost averaging has always been the best for long term investing in bitcoin. If you are looking for holding long, make sure you have set up a period and follow that all time. For Bitcoin, it has barely been loss in case of a long term holding.
By the way, I guess you better know how much risky investing in altcoin; more riskier when it comes to long time investment.

Actually investment is an investment irrespective the duration or the time frame, the profit or benefit of any cryptocurrency is determine by the time of purchasing, so some long time of investment via crypto can also be as a result of the market movement before buying, it's very obvious that you can buy bitcoin now the price is accelerating gradually and store for more increment in order to make a profit and cryptocurrency decrement occur from higher concentration to lower concentration for interval of years, have you forgotten that bitcoin have stays stagnant at in the year 2020 with the price ten thousand, so long time investment via any coin can be determine through the market movement of all cryptocurrencies.

Long term investment is for investment in good projects with good fundamentals. People do bad investments into bad projects (shit or scam) and consider them as investments. They do not invest into anything. They only take risk and gamble that their gambling in random projects will help them to gain profit.

This is not correct. Long term investment is good if you make your entry in bear market. If you make your entry in the top of bull market, you should cut loss and wait to buy it in bear market. This approach does not mean you exit the project you like and want to invest in. It helps you to get better entry and increase the number of coins you have with same capital.

Better entry helps you to have less headache and stronger confidence to hold.

Thats right actually. If only I knew what will be the price of these coins and tokens before the market hit Im super rich righf now. But thats life we neve knew what will be thr outcome only those who have faith on long term investment will triumph.

Many tokens have gone so high eversince the bull run and its really a matter of patience and hold time when the bear exist again.

I'm happy for you, just know that not all coins will end up been profitable on the long run, you should advice People to hold good coins only cos years ago I held too many coins and majority of them are dead and others have no value, you could say I choose wrongly but at the time I thought those coins are really good, some will make the same mistakes too

This is what newbies were told for for years and they are all in huge losses today.

Shitcoins pump and dump every day. Each of these shitcoins you named are recently pumped. For example Fantom started at 3600 satoshi and after 3.5 years it has gone back up to reach 3800 satoshi! While it was 2700 satoshi last month. Same with Solana but with better pump, it started pumping 2 months ago and surpassed its last year's price (it is a new shitcoin). Same with AXS.

You see none of these are natural gains. All these are pumps. A price rise that only happens in 1-2 weeks is not going to last either. In other words this "long term investment" that you are talking about and the profit you are talking about was only gained in this very tiny window.
So why bag hold shitcoins that only pump in a couple of days?!!! Why not buy that shitcoin while it is starting to pump and then dump it before others do to get your profit out?

As long the coin or token has strong fundamentals, great use cases and how it’s adopted massively, they are absolutely the best for long term investments. Either if you are an early adopter or have bought the dip and it grow that big, I would say that certain coin or token is really worth the investment.

thank you for the correction. i was trying to point out from Mid-April last year. i made a mistake writing just mid April without pointing out the right time of the year.

Yeah, Most of the time fundamentals will govern on crypto project especially with those project backed by huge and famous VC like Bluezilla, Almeda Research, Binance and many more. Project backed by this strong VC will surely get successful in the long term ni matter what happened on crypto space.

I tend to agree, I believe the fundamental analysis was far better compared to technical which is very hard to execute.
Sometimes fundamental have a sign when there's a very trend in the news which have an effect to the project that gives a boost to the price.  It seems like the same on the play-to-earn games like Axie, last few months it was very trendy and until now there are people who still believe that it is a great investment.

The real use of the project will give an assurance that you will earn in the long run, if someone who holds a BNB token since it was launched from the start, it might that holder will gain too much as of now.  But it depends on the research, there are some exchange platform has been launched with their own token and operating their project but unfortunately, they never existed.

Long term or short term we should keep in mind having short research.

What if the coins in your wallet are short term projects like most altcoins are, would you hold short term coins for the long period? It'll surely be counterproductive If you do so, as chances are you'll not make any ROI cause the coins could prolly dump when you're yet to sell and you'll accrue losses from your own end, long term investment can only be said to be productive when you are actually hodling a long term project/coin like Bitcoin.

I think the price history of BTC says a lot about itself. There is a term in law called res ipsa loquitur where it means "the thing speaks for itself."

The greatest example is to refer to the price history of BTC through the years. I started joining this forum last 2017 where the price of 1 BTC was around $4,000. Currently, its price is roughly around ~$55,000 with a 10% increase this week. That is why, HODL long term for maximum value but this may depend on your goal as an investor. If you do not rely on your investments as a source of income, better leave it to mature for long-term usage.

It's a typical newbie mistake to pick one case and use it as base for making predictions. If you take the larger historical data, you will see that on average altcoins lose value. For every shitcoin with a huge pump there's a hundred of shitcoins that went to zero. No one has a special talent for choosing the right shitcoin that will pump, there's no skill or research here, it's just luck. The only people who profit from it consistently are the manipulators behind the pumps.

honestly, i am shaking on my knees. i can not believe that a 10usd dollar investment on shibu inu worth 4 million dollars now. if you have invested 10usd on shiba inu on the december 31, 2020. Now the value of your holding is over 3 million. i am still struggling to understand how crypto is not a good way to invest. the future is still bright and i believev more funds will move into cryptp. the time now to pick better projects and invest in it is not over.

Is anyone using SHIB in real life? Or DOGE? Do people pay with it for their purchases? Do people use it to send money overseas? Do people use it in online stores? The answer to all those questions is no. And it will not change. There's already Bitcoin, the coin that is backed by enough PoW to not worry about attacks, and the code that is reviewed by thousands of world-class experts. Meanwhile SHIB's or DOGE's value is based on Elon Musk's meme tweets. If you think this is an example of a good investment, you will just lose money over and over trying to catch the newest pump.

What about this little altcoin you're seeing skyrocketing in value right now? Think about it, what's the source of that value? Its value will go back to zero once the euphoria is over.
Maybe they won't go all the way back to zero, but they will never surpass the value of the underlying coin in the long run.

Let me show you something.
This source (https://99bitcoins.com/deadcoins/) shows dead coins and tokens. Projects that have been abandoned and no longer exist.

It currently shows a count of 1673 different assets.
If you go back a few months to February 2021 (http://web.archive.org/web/20200701000000*/https://99bitcoins.com/deadcoins/), the same site used to show 1551 coins. That's a difference of over 100 assets in 8-9 months. That tells you a lot about altcoins.

I doubt that's the place Solana is going, but it's certainly a place that many alts will reach or be close to reaching.
If you hold too many alts, ask yourself: what is it that they do that Bitcoin can't? Why would I be interested in getting paid in Shiba Inu? Because Elon said so, because he bought a Shiba Inu puppy and posted it on Twitter?

I completly agree that long term investments work, however that's not to say that short ones don work and that a longer period of hodl is the only way to go. It all depends on the presonal preverences and goals of the investor, and both types of investing can yield good returns if approached in a smart way.

Don't bank on this altcoins in the long run as they all lose value against bitcoin. While you think you're profiting in fiats, you would had been better off holding Bitcoin and as such you're losing in satoshi.  With altcoins you just seized the opportunity they present to get gains and stack up more satoshi.  Don't even think you would be profiting in the long run. With short term views, you'll be thinking you made the best decision but give the market more 5/10 years and other alts will come replace that which you owned and the cycle continue that way making them lose support. Yesterday it was Ethereum, today it's Solana tomorrow another project will be come out.

Yes, long term investment in crap gives you shitty returns at best, and you usually end up losing it all. The OP has surely figured out that it's better in the long run than to be eating your head off and losing money trading in the short term, but the best long term investment is in premium assets like Bitcoin.

Seriously investing in Cryptocurrency from my own experience I believe it is d best most expecially bitcoin but if you plan on investing in other coins I think you will have to do your dip research first because currently now there are lot's of scam coins now so we just have to be very careful if we are investing in altcoins but in bitcoin you don't really need any research.

Honestly, cryptocurrency has always been a long term investment not a get rich quick scheme. That's why it's always advised to invest with your spare money. I do find it very funny when people complain of losing their money from bitcoin investment just in a short interval. Forgetting the fact that very crypto investment requires time and patience to be able to see your investment grow

Holding may be good, but for certain coins.
We must know and analyze at first whether the coins have real and logical fundamentals and use cases or not.
Long-term holding is also a very risky mover if we are holding shitcoins, it may be dead coins.
But for some coins or tokens that have strong fundamentals and also real use cases, it may be filling or promising.
DO your own research not for following other people. DYOR is the best whether you will hold or not

Exactly and this is what they ignore the most and ask what's wrong.Most of the newbies who entered the market in hype suffer loss because they don't want to do research and simply want to make millions with investing in those shitcoins available in the market.They are altcoins which have no future, security and utility and how could people believe them? This is because they see they favourite person endorsing those shitcoins as they try to manipulate the market to make personal profits and when market crash the funds vanished from the market.

See this is situation of the holders of shitcoins when the prices start tumbling : https://www.instagram.com/reel/CU4b6Jdpgb9/?utm_medium=copy_link

For those who are visionary and want guarantee profits and secured deflationary future ahead invest in Bitcoin as it is the future.The best advice should be this to the newbies not how to hold any shitcoins.

Whatever works for you, you should do it since, as you have pointed out, counseling someone through investing may or may not work out.
While it is simple to record profits in a bull market, it may not be as simple in a bear market.
Another point to consider is that there are ways to make money in a short amount of time without having to wait a long time.
What works for you might not work for someone else.

Investors will look at backers and sponsors of a project to consider whether that is a good project. They can do their research or simply rely on the names of backers and sponsors. Many investors simply believe in the research and decisions of famous backers and investors.

It is not good but at least they have big names to believe in.

Usually these investors are not long term holders who are ready to support the project for a long time. I'm pretty sure they will sell their shares once the distribution is complete and trades start to open as we have seen so far. I agree with most people that there are so many altcoin that one should not consider investing in long term because we have seen so many failures that befall altcoin projects especially for new altcoin. Altcoins are short-term investment assets with a profit target that may be smaller in an effort to minimize the risk of pump and dump.

To be honest, I've always seen hodling as the best option. You just have to look at the graphs 1 year from now: 440%. Here's your answer.

Yes, I agree with it long time investment is definitely a good decision. But the only and one condition is you have to choose a good coin for that. Otherwise definitely will feel that long-term investment is bad. I have a bad experience with long-time investment but this fault is mine. Because I have chosen the wrong coin and the worst coin ever. But it does not mean long time investment is bad, it is bad for me. So the most important thing is where you are investing, if it is BTC then fine. BTC is always better than any other coin because if you can hold it with patience it will never give you loss.

How can one be certain that he or she has properly done their research on a crypto they want to invest in?  Sometimes if you really plan on HODLing for a long period, i think its best you pitch your investment under already existing strong projects that are popular among majority of investors, stack investments up and keep HODLing.

I personally acknowledge this point of yours, because it's not all the coins that can be hold for long time period, yes of course an investor is meant to invest for long time frame but measure have to be taken by knowing the rudiments of the coin first before investing or adventuring into it, nothing is absolutely wrong to keep a coin but the problem is how prominent or influential and volatility is the coin.

HoDL is the way to financial freedom in crypto space, I'm saying this right now because all majority of the coins I sold for quick profits have grow over 2000% profit over time, this happens in just 4years cycle, I used to hold million doge coin, I have over 1 million YOUC token and now it's 0.65$ pls do the math, I would have become a millionaire today

It's a choice or will I say a strategy or what one is good at that drives how one goes.
Long term is good to you and most people because of most times, the capital invested, and the target.

Also, having short time trade is beneficial to some people also as the profit is derived instantly, and as such,
risk of loosing the capital in the long run is minimized.

so choosing a strategy is dependent on the person and the goal he or she wishes to derive and achieve at the end.

Dollar Cost Average is 'The Best' strategy for a long term holder. For me especially, long term investment has made out really good profits.
But why do you say that long term investment in altcoin is more riskier ?
I have been holding an altcoin for a long term which did really well. It's just that we have to make sure we are investing in a good coin and not in a shitcoin.
We never know but sometimes an altcoin can give out more returns than bitcoin. At least that's what has happened to me.

From my own veiw of understanding, long term investment is good but very difficult to keep without going to withdraw the money to solve problem and sometimes the project will not last long and you will lose your hard earn money. But if you can invest small small in different coins you will not be able to loss all your money at ones if the project will fail or collapse in the future. It is obvious some altcoins are shit coins that will not have future for you to do investment. But if long term use to work for you, no problem too but you habe to be careful with every project

There are a lot here who will vehemently disagree with you on that, owing to their bitter experiences from hodling for longer than necessary. I also share in their sentiments too. We don't have to hodl just because others are hodling. Let there be a defining reason why we hodl and time to cash out on certain tokens so that whenever the ache from loss comes (it certainly will come, either in a way of crash/dip or project abandonment), we know how to handle it.

Maybe you will need to read this user's comment in this quote 👇 to understand better what I'm labouring to say. So, I would say that it's different strokes for different folks as exemplified in both quotes here.

It's okay to hold and we all agree with that but to say that no matter what happens, you'll still hold then there's the disagreement from the others including me. There's a condition for this tip of yours that if you're holding other than bitcoin then you should be aware that many altcoins in the past that seem to be good have dropped significantly and turned to a lesser value. But if this is going to be applied to bitcoin, we truly agree that it's the future and no matter what the market situation is, it's better to hold not unless you're facing some misfortune and circumstances that you have to act on and choose the better option like selling a few of it.

I think we can do it with bitcoin without any doubt in it. There are quite a number of investors today who have managed to make huge profit because they bought and held bitcoins over the last few years. I also wouldn't say altcoin are useless as some of them are also potentially good for long term investment and profitable for investors, but obviously this has to do with analysis.

The problem is that newcomers think that just because these shitcoins are categorized the same (all including bitcoin are cryptocurrencies) and since bitcoin has gone up then they should too. But they forget that going up in value only occurs if they are providing a useful utility which none of them are. So all we have in altcoins is pump and dumps and when their price goes up since their value is still low it becomes a bubble which has to burst hence the follow up dump.
In fact this way of newbie thinking is the main reason why these shitcoins get pumped in short term.

One way or the other, we all also thought as these present newbies. If no one did, I did in 2017 when I joined the crypto industry. Oh! How I used to acquire cryptos worth less than a cent, hoping they would fly into exaggerated profit like Bitcoin was doing at the time. I never knew what a usecase or utility was. Didn't even know there was something like that. I believe these newbies will also learn. However, one of such tokens I got at that time was dogecoin. I'm lucky to have benefitted from it, anyway. I guess it's the only one I bought then that I made a fortune from. Again, there's a reason Bitcoin stands on its own while other cryptos are referred to as altcoins, including ETH.

I am also among those that once had such belief in altcoin before I know Bitcoin and I am the newbies back then that joined this forum through my research about a certain altcoin but glory is to God cause all this change after I know this forum.
However, the case of the majority of the newbies we have these days seems worse because they never take their time to do research about cryptocurrency they only believe in the act of making bucks through crypto.

Holding new coins is risky as it may drop to a cent. It's better to hold old coins since they have constantly been pumping over the past few years.

This statement will be true if the coins were correctly selected for long-term investment. And you gave an example of exactly such right investments. But there are also not such profitable coins, from holding which you can get a small profit or even a loss.