Bitcoin Forum

I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.

Your friend is lucky. If he invested in altcoins, maybe that could be the altcoins era that is the time before 2017 when the rally for altcoins was very high. Coins like etheruem at that time were very cheap and ico scam was not that rampant.

Maybe he was part of those who bought bitcoin early like 8 -10 years ago when the price was still below $1k. He is worthy of commending if he actually saw the future from the risk he took because some people saw the opportunity but felt cryptocurrency investment was all fraud.

Investing in many altcoins just so you can have enough later to invest in Bitcoins is one of those bad choices that seem like a good one to someone who has little experienced in Cryptocurrency. Your friend is fortunate that his gamble on cryptocurrency paid off enough for it to go the way he planned, but it is not a good plan to take.

Do not over diversify, identify some good projects and invest in them, it does not have to be too many investments across different alts. In any cryptocurrency investment you make, alway ensure you have Bitcoins in holding. Not investing in other altcoins without any Bitcoins and then planning to invest in Bitcoins from the profit of the altcoins, that is a terrible plan that can fail easily.

This is not related to trading discussion, but more about investing/gambling in/with altcoins which belongs to altcoin board.

I can say you should invest 70% in bitcoin, 20% in ether, 30% in other altcoins. But knowing how risky altcoins are. There are some that can be so shitty in a way that the price will continue to fall. It is good to diversify though.

I like your friend as the he make profit from altcoins, he knows that bitcoin is still the best.

Profiting from different coins is a matter of luck as it is not always available. your friend is very lucky because he is able to profit from different coins and he is able to improve financially. But he should avoid altcoins now and only keep an eye on potential coins like Bitcoin, ETH as he can earn better from them. Altcoins can give him a temporary profit. but if their prices go against his predictions, then he may suffer huge losses from them which he may not have imagined.

Lately I have not really heard success stories from altcoins investment at least during this particular halving. Altcoins era is really taking a dive so to invest in it at the moment is a whole lot of risk to go through. Hodling altcoins are just luck for one to come off it with same investment value but maybe something new can happen with altcoins during this halving, not an investment advise though.

Probably what you are talking about is Low Cap projects with good potential but it's really very hard to find such projects. I do agree with your strategy of investing in such a project and diversifying the capital in market projects. It is also very risky at least for those who are trying to start building their portfolio and exploring the market. I would recommend learning about the market gaining some facts about it and taking some experience and then jumping into whatever you want to.

Investing in alts with nearly zero value is not always a wise option, and your friend got lucky that he did not lose all his investments. When you look at the ROI it is almost the same whether you increase your portfolio or just buy/trade BTC.

That's some motivating and encouraging story which does not mean it comes true for all of us because as you mentioned your friend invested in zero-value tokens which mostly are new tokens or meme tokens. They give huge profits if any of them got hype. And the selection of these tokens is not so easy for newbies or anyone.

IDK if your friend has great knowledge of early investment in coins or he was just got lucky but the thing is he made some profit from alts and invested them to buy BTC which is good because booking profit is one thing and storing it in the valuable asset is another thing which proves he has a great mindset about investment and holding while keeping the risk low.

So, I agreed with your title that we should not limit our investment and we should diversify it which reduces the risk factor and it has been proved so many times. But again great knowledge and analysis are also necessary before diversifying because it doesn't bring the same results for everyone and every time.

There is no harm in diversifying your investment in multiple cryptocurrencies because it can be advantageous at times and disadvantageous at others.

The risk of investing in cryptocurrencies is particularly significant because no one knows what will happen if the team has problems, as we have seen numerous times, which invariably result in currency collapses.

If you truly want to invest in other altcoins, do comprehensive study on the project, the team behind it, and the project roadmap before putting your money in; otherwise, just invest in Bitcoin and wait for your reward after a few years.

This is good, and I am very glad such a strategy worked out for your friend..
Buying shitcoins is very risky, this seem thing is what many other investors and traders have done and lost, 99 percent of the altcoins in the market will either turn scam, be rugged pulled or will fail abruptly, so any one who manages to invest in them and end up making good profit from them should count themselves lucky, and I personally like what your the guy in question is doing, which is converting the altcoins to bitcoins as soon as he is in profit.

It's either your friend is actually good(which is quite rare), or your friend is just lucky. If it's the latter, at some point he's going to lose out because of overconfidence and the likes. It's like gambling — roll the dice one, twice, or a few times, you can exit with a win. Play the game in a long-enough timeframe, you'll highly likely end up losing.

Well, it is, but as long as you know what you are doing. Not every investment will provide you with 100% profit. Crypto investment is risky. But with the right approach, you can make good profits out of it. Personally, I have given up on Altcoins a long time ago. Nowadays all I see is people creating all these coins out of thin air in hopes to challenge or be better than Bitcoin. But they fail in every aspect. Can't live up to their promises. And most of them are here to scam people. The era of the ALT coin is gone. I suggest investing in BTC by diversifying your amount of investment. Something like DCA.

I am not saying that you can't make profits from ALTcoins nowadays, but the risks are very high. Finding a legit one that has the potential to give you profit is very slim. You need a careful approach and a well-planned investment strategy in order to gain success from those. Cryptocurrency is not the only investment you can do. There are other things that will also give you the potential for profit. Find them as well.

Investing in altcoins is one of the ways to accumulate enough money to buy other good coins in the market. I know some friends too that are rich now in cryptocurrency because they participate in some airdrops and bounty programs that gwve them some crazy amount of money.

 I think the trend is already going because many projects team nowadays do not like to do airdrop or bounty programs, many of them prefer to do presales so that they can earn some funds from investors to do marketing and other stuff.

 There are still some good airdrop we can participate in that can give us some earnings but they are rare in the market because of them are now fake or scam projects to earn money from investors and run away with the funds. It is good for us to ask questions and also learn from those people that had been in the market as either investors or traders so that we can learn from them.

Since Altcoins are just like gambling, I would say that such an approach is a lot of gambling, although sometimes if you get lucky with those Altcoins, it can help raise enough funds for you. But even before you got lucky with one, you might have been unlucky with nine. That's the reason why it's seen as gambling. If you invest in Bitcoin directly, you wouldn't have to face the risk of losing some of your funds due to failed altcoin projects. Well, it all depends on choices and decisions. Some people don't really feel threatened, even if they lose money with Altcoins you will still see them buying more, while some people, after having bad experiences with Altcoins, will just give up entirely on anything that concerns cryptocurrency.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Probably OP’s friend invested when the time altcoins easily surge high because they are hyped and maybe those were established altcoins that time, unlike today that if you chose to invest in altcoins, expect that you’ll be more susceptible to losses especially if you got easily lured by those promising projects that are too good to be true. However, it’s clear that he’s not totally dependent on altcoins but in order to maximize his bitcoin investment, he need some altcoins to make it happen.

Annndd that my friends are something you'd call a gamble. Well if you have enough money it's bound to work really, but considering the profit/loss ratio, if you were rather unlucky you'd probably end up negative for a really long while, maybe even only break even at your peak. Well if he purposely bought zero-value coins that actually have a good purpose, whitepaper, team and stuff like that, then maybe he's just a good researcher.

And well the purpose of diversification is so that you don't get fucked in situations where your coin crashes. Going all in on Bitcoin at it's peak and then it suddenly crashes down, your entire portfolio also comes crashing down right? Unlike in cases where you buy Bitcoin, and other good and reputable coins, then you'd only crash one part (majority of it, but still one part). Well this depends on case-by-case, especially if you consider it from the future instead, e.g. right now where the ATH was in the past, investing all of Bitcoin when it was ATH seems kind of a dumb move, but investing it all before it reached ATH would seem like a great move no?

There are tens of thousands of alts that worth near zero and will keep on being worth near zero in the future as well. Not all those that end up being low could go up. Sure I had friends in many different groups who all got richer, and I wish I did what they did and became richer as well, there is no doubt about that, there are plenty of people who either knew what they were doing or some of them just got lucky and invested into small coins and got richer. But you have to be aware of the fact that you are not going to end up with a win every time, there is a reason why only a few coins have value and tens of thousands have no value, you couıld pick one of those with no value very easily if you are not careful what you are buying.

Diversification is really a must if you are a potential investor. Do not just focus on a single investment but learn to acquire other investments as well. That is to prevent yourself from maximum loss especially if the one you’re investing is now at loss. And like OP’s friend, investing in altcoins with zero value is not always bad, because you never know they’ll be totally the opposite when the market is in a very good shape.

Investing in shitcoins and hoping for the best is not precisely a strategy that can be used to obtain good results over the long term, your friend was lucky and that is it, now if you were to ask your friend about this I doubt they will admit it, as people like to think that whatever positive outcomes they get are because of their qualities and virtues, but this is a clear case in which this is not true, as there are many people like your friend which lost everything when they invested in shitcoins.

Since many of these projects often turn out to be scams, it is not always simple to locate good altcoins to invest in, therefore for your friend to succeed in altcoins, I will have to say that it was lucky.

However, if I may remark, it is the reason why investing diversification is beneficial so that they can complement one another. But honestly, before making an altcoin investment, one need conduct thorough study. Since I attempted some altcoins when I was first getting into the cryptocurrency space and lost some money in that endeavor, I've come to the conclusion that altcoin investing is only a gamble.

Your friends is really smart and I believe it understand the crypto industry by holding  Bitcoin, not holding altcoins by eagerness to make huge profits because it was where it make much. I may say even if his holding some altcoins it may not be that much.

Hope you know it’s very risky to invest in all those coins with zero value, your friend might be lucky and after investing in zero value coins, it might work out well for him, but if you invest in those zero value coins, you might end up losing all your money, so you don’t have to copy what other are doing, and we should know that investment in altcoins are really risky, anything can happen to any coin at anytime, so when investing in altcoin, we all have to be very careful. Even last year we saw some strong altcoins that really disappointed people, some people had all their investments in those coins, but all went down to zero that’s why altcoin investment is risky, the best investment which I know is bitcoin investment, you can just leave little amounts in altcoin.

thats true, without reasonable reasoning investing in these zero coins might instead spell bankruptcy, I don't think investing in zero value coins is that easy. many of them just outright vanish into thin air few weeks into the future.
the thing is that, these zero valued coins are usually having so much centralized supplies that I think they besides the vulnerability of vanishing into thin air also heavily manipulated.
they are just not that great for investment and also the risk of losing is much higher, maybe the friend hes talking about is just that lucky. doesn't guarantee we'll also be lucky by following him.

This point is quite clear that your friend is looking to bet luck instead of looking for profit. Regular traders won't even glance at a project with a valuation of 0 in its entirety. In addition, altcoins that have experienced severe depreciation are also at risk of being delisted from all exchanges.

If you seek similar luck, you will have almost no chance with it.

Your friend spent for sure most of his time researching and, let's say, got lucky to earn profit because we know right now that those 0 value altcoins can't be alive or have been pumped by something, so it is really rare, and again, if that happens, then for sure he has a ton of profit right now. Unlike before, this can now be seen or found easily, but now it is very difficult because of the scam projects. I am just curious how much your friend lost while finding and investing in altcoins.

It's kinda converting the profits from altcoins to Bitcoin which  Bitcoin intends to have value. It's like he wants to protect his profits or capital by converting it to Bitcoin.
Your friend got point here because as you can see a lot of altcoins come and go, they are only driven by hype but Bitcoin stays and always at number one spot.

Your friend's actions are undoubtedly commendable and what he has done is to hide his investment from everyone else and today he owns three bitcoins. That is, think how much patience he had to endure to reach this position. And how much confidence he had in investing. At one time he may have suffered a lot by investing but now his pain is gone because now he owns three BTC. From now on his money will only increase because he can use these three BTC to increase his money even more. Your friend's case may be the best example for those of us who don't believe in investing in Bitcoin.

That's how real investors rock, not by bragging or flaunting. Mind you, how did you manage to saw this on his phone? He show it to you or you invaded to see it? Just curious!
Diversification of investment is necessary not only in crypto but even in real life physical investment. The problem is that what work for your friend may not work for you and majority of these zero value coins have no future potentials. You can risk to invest in some of these alt coins with caution despite the fact but you should not expect much from them compare to BTC.

You friend took the risk and fortunately it worked for him. He's such a very wise guy that was not carried away and developed the idea of investing those profits in Bitcoin. Some people might not have that thought of investing in BTC, thinking that the alt coin will continue to moon and will eventually lose everything if care is not taken. Do not imitate your friends blindly, DYOR.

The ones that don't have much value, these are the meme coins, right? He's lucky to be your friend if that's the case. I feel like I want to be a meme coin hunter hehehe... because when I hit the jackpot it's like you won a lottery.

and besides, I will only use my extra money for the meme coins that I choose and just hold until the bull run comes, that's all I'll do. There is nothing to lose, instead I can even have it just in case. So starting today I am a Meme coin hunter now ;D

I'm leaning more towards the fact that you're friend is lucky enough that all of the "zero value" coins he bought appreciated, and got profited from all of them. I don't know the numbers, but most of the investors who are investing into these type of coins typically lose their money because these zero-value coins that you are saying are ending up either a scam coin or an abandoned coin.

TBH, I don't know if what you are saying is true just by looking on how you deliver the message thru creating this thread. I mean I'm not saying that you're lying though, but it's just that I just can't believe about your story. Maybe I'm like this because I didn't ever experience something like that in my whole investing journey.

Anyway, just congratulations to your friend. Your subject title, and the content of your thread isn't connected at all as well. He gambled, and he won the game so... yeah that's what he got. :D

I used to do the same technique last 2017. I am not basing my investment in USD or USDT or my local currency but on bitcoin. I buy altcoins to grow my number of bitcoins. I went on to grow my bitcoins into something I did not imagine. I had a bad decision though as I sold them all last 2018 during the time when it has their lowest value because my emotions were running high and I cannot sleep well already. I was starting to get scared if bitcoin drops more and it might turn worthless.

So I am starting all over again. I am trying to do the same technique but I am finding it hard but maybe my analysis becomes clearer next year or by 2025 when the market is bullish. But I am also considering other altcoins especially those that are still standing tall like ethereum.

Perhaps those were the times were altcoin prices shoot up and those who came investing in it have experienced huge profits. But what is happening today is the ultimate opposite. Altcoins are no longer considered as rational investment so investors have no choice but to stick with bitcoin which holds the highest position in the crypto market. However, we can always diversify our investments which means we can also invest in stocks, real estate and gold aside from our bitcoin investment.

Your friend is very lucky but I doubt if that scenario will happen again. Altcoins these days are scary to invest because many of them has prove to be wrong investment, they have failed many investment countless without numbers and the trust issues of people buying them again. Your friend was lucky that such move was before people fell in love on altcoins before the crashes and was smart enough to convert it back to Bitcoin.

If any try that method of investment now, there is no guarantee that you will make the same profit again but the best you can do as an investor is to always diversify your portfolio and wallet, buy them in many quantity and hold them and if the market becomes excited once again, you will make a good profit and don't forget to sell when you have gained profits.

Investing in altcoins is risky but very profitable, so it is not right to refrain from investing here. So investing in altcoins should be done with a limit then it won't make big final loss but if profit it will act as a bonus income. No matter where we invest, there will be risk, if there is a financial transaction, there is risk.  So it is better to follow the limitations for investment. Be it Bitcoin, Altcoin or something else

Diversification should be there for someone who is well-versed in cryptocurrencies. Trusting coins that can grow in a short time is tantamount to playing roulette. But more often, there is a loss of all invested money. Your friend, the OP, may be quite experienced and lucky, but his strategy shouldn't be a lesson for everyone. Almost everyone has losses, and how people deal with them will speak to their experience and the skills they gain by facing setbacks. I think your friend may also have gone a long way toward deciding that Bitcoin is a coin to be owned more than the rest of the altcoins.

Your friend might just be lucky and if you decide to follow him you mightn't be as lucky as he is and lose all your money. Shitcoins with zeros values aren't good project to invest into because you'll lose your investment majority of the time. Your friend just took a gambling bet and he won by profiting from the project and buying Bitcoin. He made a good choice by deciding to buy Bitcoin because those zero value coins might return to having no value.

We don't have to limit our investment but we shouldn't investment in hyped project that doesn't have any value but only been hyped by the community. They can make you profits but also give you big loses if something was to go wrong and people stop hyping the projects.

To reach an investment understanding like him is not easy, I'm sure he has experienced various kinds of losses from investing in coins at prices that are still Zero. Not all investments that are still at Zero are profitable, for example buying scam coins or these coins have no value in the market when traded. And most importantly, your friend doesn't drop money on assets that he doesn't analyze at all. 1 in 100 types of assets invested, not all of them generate profits right? Now what you need to learn from him is the process of getting to that point, not just the result.

Investing in Bitcoin and other coin with zero value is completely different. I don’t get the purpose of your post, whether you are jealous of your friend or something else, it is clearly not shown in the post. Nevertheless let me suggest you that mate, you show invest in limits. You should always invest that amount, that you can afford to lose, or the amount that is not required for the next few months or years. If you don’t calculate the risk and keep on investing, then the chances of getting loss will also increase. But if you ask me for investment in Bitcoins, then buying as many coins as you can would be beneficial.

Diversification is another way to increase our wealth through profits from selling assets that increase in price.
But it's not as easy as one might imagine because we have to look for the coins on the market and analyze them one by one by looking for more information so we don't make the wrong choice.
But most people don't want to analyze in choosing the coins instead, they just listen to what other people suggest.
And that keeps them from getting the benefits they want.
If you can't do the analysis, you can use the DCA strategy because it's the same as accumulating bitcoins by buying on a schedule.

Your friend did well on buying those zero value coins. I personally think it's a big gamble to buy those knowing that most of it are abandoned tokens and has no community left behind that's why it stoop at that price. Maybe your fries is just so good in speculating coins and has a great luck in scoring profit in those kind of coins. I once tried this strategy but guess what, all the coins I bought before was still on my wallet which becomes unsellable because of how long it sat on my wallet and the market never gave me a chance to sell those.

I think your friend is very great in analyzing and making the decision to invest in Altcoin who has the potential to provide more benefits, I think he is a great person or a lucky person. Maybe there are also some coins that scorch the money.
Diversification is indeed necessary to increase the amount of probability to get more profit to potential Altcoin, like your friend's decision.
But yes you must have accuracy before actually entering your money into it, if not you just squander money and only bet on God's hopes of saving you without you knowing the causes and consequences.


Maybe what he did was save his profits in the past from Altcoin and divert it to Bitcoin because he saw many Altcoin who had today's problems, in other words Bitcoin was the safest to store your values and wealth.

That will be the worst idea for now to invest in those zero value coins because it's very hard to find out potential low cap coins now. And I saw many users just lost their capital by investing on low cap coins , on meme coins . It's far better to join IDO from good projects than buying low cap shitcoins.

You should not invest your funds in crypto like gambling. You said about an uncertain future which is worst than gambling. Try to trade with technical analysis and if you are too much good in analysis then I will suggest you to do leverage trading to gain more profits in a short period. But remember that without analysis it's also a form of gambling and you may lose your capital too. So first prepare yourself and find the effective ways for your investment.

Diversification might be good because we will see our investment opportunities increase more because of having several assets, but diversifying investments in altcoins I think it is not so good because the opportunities will not only see assets increase but also decrease, because one coin goes up but the other coin down so deep so that no profit is made.
Altcoins can indeed provide enormous and faster profits, but losing them is also as big a risk.
Your friend is just lucky to be able to choose the right altcoin so that he can make his Bitcoin increase but Bitcoin is still the best choice compared to diversifying into altcoins, except for other forms, for example stocks or other traditional investments, for example gold, land and so on.

Not all the time on which a certain investor would really be ending up on having a happy story because it would really be depending on which coin you would be investing and some sort of mix of luck which is something
that needed when you do make out profits out of those coins or projects you had invested into. Diversification would be always that best but it would really be depending on the project you had put it into.
If you are really that having that DYOR and good decision making on putting up some investment then turns out to have those pumps then accumulation of Bitcoin would really be that somewhat faster.
This is why we cant really make out some conclusion that anyone who do make out that kind of step would really be ending up on having the same outcome which is on positive.
This is why it would really be that ideal that you would really be need to be wise for you to take advantage on the current market status and made outright decisions.

Do not limit your investment but make sure what you are investing are only those who have potentials to give you high returns, otherwise you’ll end losing them all because of your own greed to make more money. However, investment diversification is always encourage, but it doesn’t mean that if you invest in bitcoin, you should also take part in altcoins as well. Altcoins are no longer profitable and reliable these days so investing in them would create higher risk of losing. Instead, learn to invest in other investment like buying real estate and use it for business purposes. That is my goal and hopefully, I can acquire that in the future.

I won't bank on these alts we have today for the era of altcoins being used as a short cute means to appreciate investment is long gone. And if it were to be today the story of your friend would have been one of an unlucky tale as we now have so much oumb and dump altcoins scam projects in the crypto industry like never before.  A long term HODL of your investment in bitcoin is worth more now than taking the risk of trusting some alts based on the tendency of it pumping up at anytime, you may end up waiting forever.

Yeah, he got lucky. All of my coins now didn't come alive haha even though I background check it and do some research about their projects, he is lucky that his token's project owner survive bear market and didn't go bankrupt. But what he is doing to diversify his investment of course but for now it is still really good to do some research first before anything else.

The only problem with coins with a value of almost zero is that they could either slip into the shitcoin zone or they will move to be a valuable token and honestly with altcoins investments into coins without a strong foundation it's all gambling at the end of it!!

But seeing the success from your friend,  I guess luck is on his side with these altcoins and  let him continue with them and maybe that 3 bitcoins can double.

Btw that no limits when it comes to investments is a double edged sword which could either reward you handsomely or throwing funds in the drain.

Going back into those ICO days on which i did make out diversification with my investment and invested on several projects which i do see that it is really that worth or having that utility but most of them had died
and didnt been able to recover their prices even if the bull run kicked in. There are some projects who do make out some movement or price increase but not really that much.This is why i did really
put up into my mind that there's none other worthy projects to invest on but only on Bitcoin. The increase might not really giving that x100 or more but you could somewhat assure that you could
make x2 x3 or x5 in the near future or more, no one really knows.

I agree on what most people been saying that diversification would always been best but not all people would really be making the right call or decision on choosing on which project they would be investing on.
Some might pump but most of the time they would wither and die away.

Agree. Investing in shitcoins is always too risky, most of shitcoins end up with scams or have no value. His friend is just lucky that he can take profits from the shitcoins and can convert the profits to Bitcoin. However, I am sure his friend may get a different result if he invests again in shitcoins now. The chance to take profits on shitcoins is very low, we don't follow that his friend ever did.

For the long term investment, it is always recommended to choose top coins, especially Bitcoin or Ethereum. The price movement of these coins are clearer than any other coins, the always have the same scheme in each 4 years cycle. And these coins have strong fundamentals that become the main requirement for a long term holding.

Shitcoin is hype moment awhile, when entry early has chance for earning profit later but can't guarantee when later for entry with shitcoin has chance to earn profit and get capital back. Exactly with shitcoin listed on DEX exchange only and owner has moment to removed liquidity before investor selling their shit coin and we can't sell anymore with how much shit coins have invested.

You right top coins is the best for short or long term investment, I am quit with all shitcoin investing although looks promising with many people earn profit but top coins like Ethereum and BNB coins keep give us consistent profit without risk for price dropping. Better with few percent profitable earn in daily day than investing in shit coin with two option between earn much profit but one side have ready for losing our capital when shitcoin removed liquidity on dapp exchange.

@FiveG Your friend keeps his Bitcoin on an iPhone app? So many things here say it's a big lie. Not from him, because you made him up ;) Do you guys really enjoy making all these madeup stories so much? I mean, seriously, 3 "pieces" of Bitcoin lol


He didn't got lucky he got made up. I challenge him to name even 1 single coin that went down to zero, and then went up enough to make 3 BTC. Ok let's say he got 10 coins so each coin had to go from almost zero to 0.3 BTC. I bet he can't even show one such coin.

A piece of advice is to always research your own coins and then invest your money on them. In your friends case I am not sure how he did it but it seems really blind investment. By just reading your post itself it gives zero to no value to his plans and how he is doing it. I think all you need to do is have a wallet, get yourself bitcoins now and then. As you know very well bitcoin can be bought in small portions called as Satoshi. You can keep buying them now and then with smallest amount possible, let them sit their in your wallet and enjoy the benefits later. Just like you would save your money in the bank, instead of that you can save it in the bitcoin form. The diversification point is good but hell you need to study everything in detail before you can have proper portfolio.

Although it is not recommended to do this when investing in bitcoin, your friend was fortunate enough to do so. He used altcoins to make a tiny profit before investing them in bitcoin. You are aware that he would continue to possess the bitcoin he currently has even if he used the money to purchase it directly. So I'll tell him to invest prudently the next time he wants to hold more bitcoin because they might quickly crash and your friend's money would be lost.


These are not the finest methods for investing in bitcoin, mate, not this way. What if my diversification efforts result in a coin crash? What do you anticipate happening? However, I think you should provide the coins your friend uses if you want someone to invest and employ these kinds of tactics, as I have never before seen this kind of strategy used to obtain bitcoin under the guise of investment.

Good story, that's how it should be. Those that have been too invested in altcoins should take the time that it's not going to stay there for a long time if ever their assets in altcoins are flourishing. They need to spend in taking a profit because that's how it should be. And as they take profit and if they still wanna stay on this market, the profit they make from those altcoins should be retained and put into bitcoin. That's an easy strategy but many still don't do it because they don't believe in bitcoin's dominance.

It's also called shitcoin, it's just going to be a junk coin in the future. Just hype at the beginning and then the people who got in early will dump it to get all the profits. Shitcoin will not last, there is no good advice to buy Shitcoin unless they buy at the beginning and know what risks will be experienced. He who is fast will survive the loss.
The long term coin is only the top coin and the main one is Bitcoin. The top altcoin is indeed controlled by Ethereum and I also hold it. don't take risks with shitcoin when the top coin is still good for long-term investment. Nothing grows instantly.

Know that every investment does not guarantee success and profitability, that’s why if you have the sufficient funds for capital, learn to diversify your investments so that if one investment fails, other investments will still have chances to succeed. However, on part of OP’s friend, he uses altcoins just to achieve his goal for bitcoin. Maybe that was only applicable when altcoins are still profitable but seeing how the altcoins these days gradually lose their value, I don’t think investing in altcoins aside from bitcoin will still be a wise move.

I have tried so much to open my mind to buying altcoins but it seems that my mind is very stiff about it. Although I do not call it diversification. I do not consider buying different coins diversification of investment. One Bitcoin pumps other coins follow and vice versa. So, having Bitcoin and buying altcoins is not diversification.

Your friend was lucky in his own cause but then I have seen people that invested in ICOs and maybe shitcoins and never returned to profit. Maybe the coin goes into extinction.

Your friend is lucky that he get benefit from all type of coins which is very difficult. Some new coins are very difficult to reach maximum price and holders fails to get profit. I think your friend should avoid this Babbitt because this time he get profit but may be next time he loss his own money too because new and unknown coins are risky for investment.

Diversification is beneficial but not in such coins which you have no knowledge and no previous data so just diversify your money into 3 or 4 project but those project which gave profit to its holders. Knowledge is necessary because luck will not always helps you in getting profit so be conscious about project and create your experience through investment in successful projects.

It could be too risky to invest now in altcoins particularly whose value is almost zero as you can’t guarantee if they will get the chance to recover or just continue to be dead coins in the end. That’s the reason why I can’t risk my money with altcoins at the moment. However, I must say your friend OP must be very lucky that he never experienced that. Probably those were the times when altcoins are still profitable same with bitcoin, one thing that’s hard to be realized these days.

Well consider your friend lucky, if it were today most of those altcoins investment if not all would have been a loss considering the numerous pump and dump altcoins that are in the market. Building your portfolio through alts is very risk even the professionals are avoiding investing on altcoins because even with their strong background about cryptocurrency they still get cut up in the loops of shit coins. Altcoins diversification is nothing but a deadfall, too risky.

Yep. Most shitcoins are just pump-dump coins. They are only hype temporarily, then they will continue to decrease the prices because no demands anymore. Experienced people know well when to take profits from shitcoins, they will sell when the hype isn't over. But unexperienced people will continue holding because they dream for bigger profits. They try to believe the developers/teams, but it is just the wrong decision. It is true that shitcoins are not recommended for unexperienced people.

Bitcoin should be the main option for the long term investment. Ethereum and other top coins are the alternative, just choose which coins that have good potential to develop in the future. Not all top coins are good, personally I avoid to invest in meme coins and stable coins.

Some of my friends also has this strategy and some of them also are bounty hunters that uses their chance gaining fron even shitcoins the  converting into bitcoin once they gain values.
And there's no bad at that and also that is something that can be risky or time consuming.
But in the end? That is best for people that allocated most of this time in this market checking fron time to time.

The fact that one should not be limited in investment, doesn't mean one should invest in what is not clearly understood.
You cannot have multiple investment in cryptocurrency and  other stuff and expect all to be successful at once.
Even as your friend, OP,  made multiple investment in cryptocurrency, it is evident that why he succeeded is because the investment is in one field, he gave the investment attention enough to know when to swap  the altcoins that had grown to BTC.
Over some time, he could be able to use the profit of the crypto investment to invest in real estate because by now, his crypto assets has grown, he understands it like a second nature and the price has risen to a new ATH where it is almost 31k and climbing.

Don't put all your eggs in one basket, is a wise saying that relates well with this thread, but notice that there's a symmetry of understanding between the eggs and several baskets.  

There are lots of methods and lots of ways on making yourself able to accumulate Bitcoin on various ways.It is really just that needing for you to be wise and for you to be that having making those good decisions on the
time that you would be deciding on which path you would be taking. Not all does have the chance nor have the opportunity on having their capital to make out diversification and this is why some people would really be just that limiting out their opportunity just because the havent that sufficient capital for them to make out such move or investment and this is why not all would really be having the capacity on doing so.

Therefore it would really be just limiting out on someones success but well its part of the reality on which to those who do have the capital and having the money to invest are having the ones to have the advantage
but of  course they would really be still exposed to more risks which it would really be that normal on an investment but the chances on making profits is even more which it would really be giving out that
opportunity on reaching out a state on where money wont really be that a problem anymore.

That's what you get when diversifying your investment. We don't know which coin will mooning so if you diversify your chance of investing in to the right coin will increase. Well, I learned that the higher volatility coins will multiply your investment if price go with yours but if it's against you, the price drastically drop and sometimes can't get back up. That's why when I invested, I only choose those low volatility coins because for me it's a safe investment. Low risks is equal to low volatility, and this is what matters to me the most.

It seems your friend invested in altcoins before the ATH we know people keep seeing still only with the bitcoin right now but before the last halving of the BTC people accumulate as possible and few people get a huge amount of profit to the alts, and it's more profitable than the bitcoin if you bought from it's lowest point that's why there always people want to find a shitcoin to buy and hoping these coins will becomes trend in the future, and they are the one who gains good profit too.
Have an investment we you can, but of course, not all investment gets profit reason why manage your risk and don't put your money in just one pot.

There are so many new coins in the market that can give us good profits but sometimes the fear of investing in those kind of project is what normally make us think that we are going to lose the fund. There are investors that are cashing out on altcoins that many persons think that we don't have to invest in. We can just seat down and stick with Bitcoin alone. There are many coins in the market and we can buy those ones we think will give us good profits from the market. For we to earn either big or small from the market, we need to be prepared to invest in latcoins to earn from the market.

Back again it depends on us because we are the ones who determine how the investment is prioritized,
if you choose to invest in coins that have high volatility, you must also be prepared to accept the risk,
adjust to your own abilities and do diversification.

diversification is indeed necessary to minimize risk, but we do have to be right to choose a coin or altcoin that has a bright future, it will indeed make a lot of money if we invest in a new project and the project turns out to be good, but difficult to analyze. therefore by choosing coins and altcoins that have the potential to be on the top I think it is a wise decision to invest. and of course for me bitcoin is the safest to invest in, and has the lowest fluctuations like what you are looking for

Do your friends realize investing in altcoins or Bitcoin before you? right now picking an altcoin at so cheap a value it's hard to see it grow in the future. choosing a new project and putting money there is also too risky.
your friend got his luck by owning a huge growth altcoin and now converting to Bitcoin. a wise choice as Altcoins may not last very long in the market. if your friend is always lucky in choosing and trading altcoins with easy value then he can sell them at a very high price. this is probably experienced by 1 in 100 people who think altcoin investing is profitable.

The luck factor in investing has very little influence, therefore you need adequate knowledge before deciding to invest in one of the coins you will choose, what you say is very true, not everyone can be lucky in all the investments they make.
In any investment, there must be a risk with the same level of possibility and this can be minimized if you have knowledge of the project before deciding to invest.

Yes, such an investment system has been instilled by the Chinese to their children, the general practice is probably average, investment has no limits, that's true, while you have the opportunity and investment money must be made, there are no terms in investing late, whenever possibledone.

Actually in the crypto world there are many ways we can do it besides crypto trading, like you mentioned the best investment solution, if we lack knowledge in the trading system, I agree what you say is the best step, if they know it.

Pooling yields from altcoins to Bitcoin is a good option, Friend OP knows how the crypto market works, especially Altcoins are indeed riskier when you have to hold them too long. Meanwhile, Bitcoin is certain and with the strategy that OP friend applied, we also succeeded. Little by little collecting altcoin sales and taking part of Bitcoin to continue processing it until it reaches the ATH point in sight. Moreover, 2023 is the ideal moment to continue doing that because welcoming the next ATH we are ready with all the preparations. It's just that as you said not all altcoins are profitable because in this case he was lucky enough to be able to place funds in a fast growing altcoin or maybe he did his research first so he became an early investor and reaped the benefits. But keep in mind that such a strategy is not easy, most start-up projects have a high risk of fraud.

Knowledge is the main key, so that our movements in the market are not merely following others, but with the knowledge we have so that it makes it easier for us to do the analysis that will help us whether we will or not be invested in certain assets.

Trying existing opportunities is a very good thing as long as it is based on knowledge, so we can be free in determining where our money will be stored later.
I think OP is a very knowledgeable person about the market and he knows what to do. Taking profits on other assets and then saving them in bitcoin is a good way. Because holding bitcoin is for the long term, and his money that he made from his profits is investing in the short term in a particular coin.

Your friend may have given investment a lot of importance and he didn't want to miss any opportunity so he invested in most of the coins he liked and he gradually increased his investment with confidence in his investment and thus he became a successful investor. If there are enough opportunities to invest, investment opportunities should never be missed. When your friend started investing he may not have thought much and he may never have imagined that he will own three BTC at some point but his investment has given him more than expected. Your friend has understood the process of investing now he will only see success in life. Your friend now has enough ideas about investments and enough money to invest. Maybe after a few years, your friend's money will double if he can use his money properly.

I've my personal investments that yielded profits for me in the past years, altcoins like GMT, although I'm still making research on the new coins in the market. Starting small and investing in good projects that will yields enormous profits in the market. Although we might not see the results now, but with time everything will fall into place. There's no limits to what we can invest in the market, because alot of projects do crashes and we're left with absolutely no option, the more reason I don't depend on one investment, altcoins are my supporting investment in the space but bitcoin remained the top coin and I'm never going to let it go, full hope in it for a better tomorrow.

I have to agree with you that sometimes luck favors you, and sometimes you do not live up to So without any hesitation, it is appropriate that you increase your investment rather than being limited to a segment. Definitively, you should make sound financial decisions by adopting different asset approaches while also keeping in mind the risks involved. One should always be realistic. If you consider your business or trading hypocritical, then it is necessary that the rate of hypocrisy be low at first. If you pay attention in true letter and spirit, surely you will get the same position and level that you aspire to achieve.

It’s good to diversify your investment especially if those other investments have also high potentials to succeed. Aside from bitcoin, I usually save some established altcoins too because most likely when bitcoin reaches its peak price, these altcoins will also bound to follow. But that was only before when altcoins have still chances to progress, the thing that’s so hard to expect today. The reason why instead of altcoins, I go for gold and real estate so I can still diversify my investments and whatever profits I gained, I always put bigger allocation for bitcoin to increase my hodlings.

Diversification is always been that suggested and recommended on which the more the better but of course you should really be that careful on choosing on which one because if you arent minding about the risks

or dont mind about the impose danger on investing then you would still lose. Always be considerate on investing on good projects but dont expect that all of those projects would really be making out that significant pump but as long that we would really be that wary about our steps on making investment then its a must thing to be done. Invest on something that you could afford to lose and dont really go beyond those borders or limits on which it would really be just that normal that you do take measures before proceeding. You cant just carelessly throwing out money on different projects just because you've seen someone
who had been able to succeed due to multiple investment.

This doesnt work on this way and if you do have this kind of behavior then you are really that putting yourself into much trouble later on. Better to avoid while its still early and wont really be regretting in the end.

Learn to diversify but only to those you know will give benefits too. Because if you take risk investing in altcoins today so you can make use of their future profits to buy bitcoin, then I’m not certain when it will possibly happen. Otherwise, you are just investing at a loss. However, you can always diversify by not investing into crypto again, but by taking some risk on stocks or bonds, or by simply investing in real estate as its value will always appreciate in the future.

Going by the little of this topic do not limit your investment, by doing that you already shut the down doors and windows of potential investment opportunities. Engagements in various or what we could term diversification of portfolio is a very good thing to do when it comes to investment because it will saves us from the doom we may encounter in limiting ourselves just to one type of business investment .

@Op your friend invested in the right place at the right time. Especially at first more than half of assets were invested in Bitcoin and some assets in AltCoin section.
But benefiting from that is currently staying within Bitcoin. But your friend also knows that Bitcoin is the best among cryptocurrencies so Bitcoin will be the king of cryptocurrencies now and in the future.

It depends on the strategy and mostly the luck if you have a good strategy but you are not lucky then you still end up loosing,because crypto is really needs a proper understanding with focus it is a high risk kind of investment and not all investors earn on it, sometimes we need to have a limit on investing or even on trading to make a good profit.

The problem with these altcoins is that even if you buy them at zero value, you will never know if their value will truly appreciate in the future that’s why some invested on them and end up regretting, wishing they only stick to bitcoin regardless of its quite expensive price. I guess your friend was just lucky that time, because if he insist it doing again these days, surely he will only suffer from great losses.

Insiders' strategies collecting bitcoins are different and you can't completely copy their style either. Investing heavily in non-fundamental coins will be much riskier and you won't be able to fit a budget like your friends. Luckily your friend's selfishness can bring him to the stage to collect 3 bitcoin pieces, then try to imagine when the strategy doesn't go according to plan.

It would be quite a hassle controlling zero-value coins and most of the ones I saw would end up dead. Then what big hopes do you want to achieve in a coin like that and I don't really believe that your friend has reached 3 pieces of bitcoin just relying on coins that are worth zero. It could be that he didn't convey the process when he started diligently to collect bitcoins, so in-depth analysis is needed when you have high hopes for coins that are worth zero.

Luck is needed when deciding to invest on no value coins since most of them are already been abandon by its dev so the risk is so high for deciding to put some bucks with it since we doesn't have any guarantee that we can get back our funds. Much better if we go on best alte in the market rather deciding to look for no value or even low cap coins or tokens since the risk to lose money is so high on this decision.

It is good to buy potential altcoins, especially those in the 20s in the market, because when the value of Bitcoin falls, for sure almost all altcoins in the market will also be pulled down. And this is an opportunity that is good to buy, and good to take advantage of, actually.
Because when the value of Bitcoin increases, it will for sure also pull the top altcoins in the market for sure, this has happened several times so when the bull happens, for sure most of the altcoins that have real potential will increase.

Among all the services I've used, only XGo understands the importance of security in the crypto space. Their mobile app incorporates cutting-edge measures like decentralized authentication and cold storage to keep my assets secure. It's a fortress for my investments.

I agree that it is not going to be that easy, I know that it will take sometime but eventually we are going to be able to do it. Diversification is a hard thing to do because it is not easy to find these things quickly, most people end up investing into either nothing different and just top names, or they end up investing into silly stuff that shouldn't be invested.

I always aim at top 10 coins, maybe a bit higher after that but that's the point, not the stable ones though because stable coins are stable as the name suggests so there is no need to invest into them. I personally like to do what I do and there is nothing wrong with that, however I would suggest everyone to find their own thing they like to do and diversify based on that.

Altcoin investments are very risky at all time, no matter when you invest, even if it's during a bear or bull market. The truth is, you don't know that token or coin that can give you a 100X profit. Anyone who chooses to invest in Altcoins should also make the decision to handle the loss should the project crash. Some altcoins will pump during a bull market, but after the bear market comes, you will see them fall so drastically that some investors will be happy that the token has fallen, thinking that it's the right opportunity to buy, but after they purchase such a coin, they may realise that it keeps falling until it never increases again, even if it's during another bull market.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Good for your friend and by 3 pieces  I believe  you mean he already holds 3 bitcoin  and that's amazing but no matter how promising  a shitcoin or altcoin might be, I've always groomed myself  never to get involved because they are  basically scam projects because they mostly end as a pump  and dump and it is always on rare cases where you will an altcoin doing well and ethereum is one of them.
I guess your friend invested in shitcoin when most of the projects seemed legit and not now when every altcoin  seems like a scam else he wouldn't have been here testifying this .

even though he invests his funds in shitcoins or altcoins, I'm sure he is a smart person, considering he can collect 3 bitcoin pieces, and of course his main investment is in bitcoin, so even if he loses money on shitcoins it doesn't shake his finances, because it must have been calculated from the start . it's not easy to collect up to 3 bitcoin coins, and I don't think it's just luck factor, of course he has good knowledge and strategy

How do you know then which of the altcoins has real potential and that's why investing in altcoins is very risky because we don't know which one will make it. Not all altcoins rise with Bitcoin when it rises, some also falls as traders dump them to buy Bitcoin. If you're unfortunate and buys those that'll be getting dumped like the memecoins, you'll lose. We don't have to limit our investment but when investing in altcoins we have to be extra cautious.

It's better you avoid investing in altcoins totally because they can make you to lose money more than making you money, altcoins rise fast and give huge returns than Bitcoin but they also dump faster because many of the altcoins are just used for pump and dumps by whales.

Therefore, altcoins can be used for trading, perhaps even short-term and sometimes medium-term, for long-term investments, I would not buy altcoins, as it seems to me too risky. But for short term trading altcoins seem to be not a bad option, I follow a few of them and see that there are those who are more volatile than others, this seems like a good chance for me to trade, but I am a long term investor, I buy bitcoin and do not trade yet, I just watch and study trading when I have time for it.

Understanding how financial world works, you will of course have to focus on the fact that it is not going to be possible to just save money aside and make it go up, you have to use money and even debt. Why do you think even the richest people end up taking a loan when they can afford to spend it from their pocket? Because they are aware that if you take 100 dollar loan, and pay 110 back in a year, you could invest that 100 and make 120+ instead, and that way you would be in profit.

Always try to keep as much money as you can afford on investment that can make you profit, and that way you would be able to actually grow much bigger on the long run, and you could make a debt during that period and you would be able to pay that back when your investment grows larger.

It is better to trust ALT coins very little because these coins may not bring you good. Some amount of ALT coins can be trusted but should not be over trusted. Here you have made it clear about investing in ALT coins by just saying that even after buying ALT coins with zero amount we still need to know whether the value of this coin will work in future. Bitcoin can always be a very good choice as compared to ALT coin when it comes to investment. Investing in this coin can be expected to achieve good things in the future.

Well if he said long ago then my first thought would be when 2017-2018 era where altcoins was really rising and shining back at that day because every ICO is really fresh and most of them were pretty much got listed into exchanges after the ICO was over so your friend probably used that opportunity to grab some low price altcoins especially during that Bitcoin's bull day it was really great for the traders.

But nowadays, most of the projects are just trash and some of the new altcoins are not worth it to invest even if you diversify your investment. That's just means you are throwing some free money into them, it's really different compared to what we had before.

Would really be that so hard when it comes to predictions because there's no way on pointing out which coins would really be pumping and which coins wouldnt, this is why we would really be that really be able to
make out lots of random and speculative approach due to this kind of reason but doesnt mean that we are really that wrong on what we are doing.Investment must really be that something needs up to be that
studied well and make your own research because if you dont really do such thing then you would really be that losing money and missing out opportunities on which we arent really that liking to to happen on.
When it comes to choices then it would really vary because not all would really be having the same mindset or approach when it comes into their investment. Some might stick into much safer
point and some would really be taking up the risky path.

The investment should not have limits,you can keep inverse at the time you get money.The trading volume can be hold at the bear market,it can be increased at the bear market.When you don’t have enough money for the expenses,you can use the holding on the demand.The trading volume can be rebuilt at all your earnings,try to keep your savings at the good coins for the long run.

This might be more about how we manage our investments in terms of funds and assets. If you really have to limit it, limit it. Because investing is not something to compete with who has more. But these are our long term investments where we put our money out there and hope for something. So we need to manage and control it wisely. But indeed, if we are still able and willing, we still need to continue to add to the accumulation, according to our ability, not exaggerate or even exceed it.

It’s always good to diversify your investment especially if that were also profitable investments as well. One thing that is not possible with altcoins these days since we have seen how their prices have plummet every now and then and would even hardly to recover. So instead of altcoins, why not invest on other investments as well like gold or stocks, or invest in landed properties and use them for business to maximize the profits. That way, bitcoin will not only be your source of income but also these additional investments that you trying to make them work.

First, your friend seems to be a good experienced cryptocurrency investor and I will advise you not to follow the strategy he used if you haven't taken enough lessons and teaching from him about how he spotted those altcoin gems before they go big in the market.

I think it was possible because your friend was lucky. And that happens to very few people. I think it's a bit of a gamble to spread your investment between alternative coins just on a whim. Currently this market is in a very bad situation now this crypto industry is full of scammers. So thinking this now will not work, now if you want to diversify your investment then you have to do a good analysis about that token or coin. But I think your friend last did a very good job by converting all to bitcoins in which their fund is secure now and also can earn a good profit in future if holding for long term.

It depends, because not all of the altcoins listed in a certain exchange with a very low price doesn't guarantee you to make huge profit in long term, unless you're lucky enough to make profits in buying random cheap altcoins. In my case, XRP was the first altcoin I bought randomly with a very cheap price and I've sold it when I was happy to the profit I've made.

For a beginner, I don't really think diversifying your money on random altcoins is not a very good idea since luck is what we're talking about. I'd go for Bitcoin straight ahead just to be sure.

Being stubborn and loyal to bitcoin is not always good for us, as our goal is to make bigger profits in this market. Investing in altcoins is really risky, and only a few of them are worth the investment, but that shouldn't be a barrier to fearing them. Remember, there is no success without trade-offs, and in the past, when bitcoin didn't have any value, many people took risks for the huge rewards it is today.

If altcoins are so risky, why don't we take advantage of them for short-term trading and speculation? As long as we always have the right plan for our portfolio, there is nothing to fear, bitcoin for long term and altcoins, shitcoin for short term investments.

I think there should be a limit on investment. Because investing your capital by mistake and not getting that investment back may make your life miserable.
And investing in alt coins is like gambling. If it comes then many will come and if it goes it will leave you empty. Always consider risk when investing.

It wasn't mostly luck then if he took his time to research but what made him earn is his skill or knowledge. It's not really clear to me if the zero-value coin we are talking here are shitcoins or they are just new altcoins but with potential because they can also start with an almost zero price but I believe this are the ones that the OP's friend have picked. His friend losses might be lesser than his profit because OP is amazed about the situation of his friend right now.

The advice given by the OP of not limiting our investment is I think not right. The right one should be to invest only what we can afford to lose because sh8t can always happen no matter how sure we are.

Yes some people investing on altcoin and bitcoin from the first. Before some years ago bitcoin and altcoin price was very low. I saw Before covid pandemic BNB price was $10-$12. Then i was bought near about 35 pices bnb and eth price was also very low price eth price was $250-$300. I was bought 4/5 pices eth. But i could not hold that i sold thats bnb and eth with some profit. If i able to hold that's bnb and eth then my profit were minimum 30x. But then my confident level was very low so i couldn’t hold that. Like me many people involved from first but they also couldn’t hold that coin because most of them think it will be scam. So we are not huge profited. I think if we invest now after 1/2 years we will be huge profited there has no doubt.

He was lucky guy so that he got profit from dead tokens. Yeah i also tried this technique in 2017 when i seen there are lots of almost dead tokens increasing x10-x20 then i decided to buy some tokens but after 1 year holding i see that most of tokens are delisted from exchanges, it was my biggest lost project.

most of these tokens will turn to ashes, the same thing I did in 2018, I actually made a purchase after a decrease of up to 50%, but what happened was that the price of the token decreased until it had no value and was delisted from the previous exchange, this happened after I held it for a while, until now it is still a collection of tokens on the ethereum network, because most of them used to be based on ethereum

Of course, you shouldn't limit your investments. Because to be a successful investor you have to invest all the time. If you have the ability to invest, you will never miss an investment. Because, this investment will give you good returns one day. But you must invest in the right place. If you have extra money left after deducting your daily living expenses, invest it in the right place instead of wasting it on other unnecessary things. As a result, you will find that you are able to achieve the biggest success of your life.

It is wise not to limit yourself when it comes to investing. But you must decide properly where you invest. I would say your friend must be very lucky. If he has invested in altcoin, he must have sold and bought bitcoin after pumping the market a lot in 2017. An investor must be patient to maximize mitigation and potential returns. The crypto market has demonstrated growth and potential and provides equal opportunities for both. An investor can get something as good as your friend by investing for the long term. However, caution and risk tolerance must be emphasized before investing in cryptocurrencies.

Currently i do limits all my crypto-investment since we enter the bear market cause not all my investment turned out to be that profitable sometimes one can to learn to invest what he can afford to lose. Market sentiments used to be good back then when almost all investment turns out to be profitable but that's not the case anymore hope things will get better soon.

We'll mate it is a general rule to always invest what we can only afford to lose. Yet I may be a hypocrite if I continue to say that I am also following that rule. Last year, I had the idea of selling my house so I can invest bigger in the crypto market although I did not do it. But lately, I am once again thinking of investing bigger and the one that is in my head right now is to take a bank loan. In order to minimize its interest rate I can offer my house as collateral. But of course, I have no plans of maximizing the loanable value of my house, maybe 25% to 50% of its value.

By the way, you don't expect to earn big time in this period and last year since we are still in a bear season. But it seems everyone is already anticipating a big bull run starting next year which means the perfect time to accumulate is now?

There's nothing wrong with these type of decisions on which it would really be just that normal that you would really be needing to take up that certain risks when speaking about investment even if it means that we do
need to take up some loan but honestly getting some loan and putting our house as a collateral on just putting it on Bitcoin or crypto investment is totally that risky. Well, if you could be able to pay up that monthly payment of your loan without compromising other things then it should be fine but if you are really that struggling and able to sacrifice things around then you have done the bad decision.
This is why as much as possible it would really be that recommended on investing on something which you can only afford to lose as always but well we do have our own decisions in life and as long
we dont really make things been messed up then it should really be just fine.

That's a great success story, good job for your to amass so many bitcoin. For me such a goal is still so far away and I wonder if I can ever make it before becoming old. Having a well diversified alt coin portfolio and several bitcoin would be my dream. I think it's a good idea to not only put all our money into Bitcoin, but also to keep buying other coins. For your friend its where his success came from and I hope he is going to keep trading in the future. Having 3 bitcoin is great, but not enough to be financially independent. Another important concept of investing is to never stop, we should keep growing our portfolios and reinvest the profits. Only then we will achieve real independence and financial freedom.

Remember that his successful outcome is one data point in a vast sea of alternative outcomes. Diversification doesn't reduce the risk of investing in low-value coins, which can go to zero. One must also consider the opportunity cost of his Bitcoin accumulation. Could he have spent his money better? Such a strategy requires knowledge of market dynamics. It depends mostly on market performance. Most coins do well in bullish phases. These low-value coins might drop hard in a bearish period, causing investors to lose their money. Always consider risk tolerance and investing goals before choosing a plan. It's smart to diversify, but don't overlook investment hazards.

Since investing is a traditional strategy for wealth growth, it's best not to limit yourself unnecessarily when it comes to investing. Although it is very important to manage risk effectively in the market, it is possible to gain potential growth and benefits without limiting investment options too much. One should invest without amount for the purpose of achieving financial goals by considering the range of investment possibilities while maintaining a balanced view. But keep in mind that crypto markets always carry risks.

I believe that we can ALL collect 3 bitcoins in our life time. I am not saying that it would be easy, right now 3 bitcoins would worth 90 thousand dollars and I think it will keep going higher and higher so it is not going to be easy at all.

However, if you could save some money every month, then you are going to get there eventually and the important thing is not about getting to 3 bitcoins, it is about getting to a higher and higher level all the time, and if you keep having more and more bitcoin, then one day you will be rich. So, let's assume you failed, and you only got 0.8 bitcoins but bitcoin worths 100k, that means you have 80k, which is close to having 3 bitcoin today. That is why we should always be looking for it.

For many on our planet, this amount will be almost unattainable, some cannot even save more than $50 a month, this is about $600 a year and it is not difficult to calculate that in 30 years you will collect no more than $20k.

During this time, bitcoin will certainly rise in price and each of us will be able to buy less and less satoshi. Therefore, I think that for many, the goal of 1 bitcoin may be unattainable, let alone 3 or more bitcoins. Of course, it is worth buying, it will bring profit, but if the investment is not significant, then you should not build illusions that this can make you rich in the future.

One should never feel shy to invest if one can afford it. You have the money you put in the bank after 10 years you will see the money you put in bitcoins in your account but when you invest in bitcoins and after 10 years when you check your wallet you will see your money is much wiser received. The money that people keep in the bank is usually kept for a long time. If half of that money can be invested in Bitcoin and the other half can be deposited in the bank, after 10 years you will notice which has increased your money, savings or Bitcoin. Those who understand the fun of investing will never leave money in the bank, they will definitely invest that money.

I do limit my investment all the time i never invest what i cannot afford to lose cryptocurrency is very volatile one can easily lose alot of money and vice versa so it is better to take measures and avoid loosing too much funds. We are still in the bear market hopefully the market recovers soon and crypto investments  will go back to been profitable again.

Limiting your investment will not maximize your profits, hence it will only make you susceptible to losses. That’s  why diversifying your investment is highly encouraged because aside that it will attract additional income, it will also help you not to suffer your losses just in a single time. However, if you decide to diversify your investment, see to it that you are also not risking your money into low potential investments, otherwise you will not make any profits at all.

Diversify
Expand
Broaden

These are the things that you should be having in mind because we know that the more source that we do have the more profits that we could be able to make.This is something that we should really be having in mind
when it comes to investment the more the better and dont really limit out yourself or making some fixed numbers if ever you could still possibly be able to do so. This is why it would be wise on continuing
on expanding since we arent that blind not to see those opportunities that it could really give out on the time that you would be able to see for yourself about its result.
Losses is common and normal but you should be having on mind that it would be always important that you would be able to end up profitable or making money in the end.

An investor will face many difficult decisions during their careers, and while often the most difficult of those decisions is in what assets to invest, a decision which is just as important is how much money you are going to invest in each asset? This is not easy to decide as a poor distribution of our resources will diminish our profits or even produce losses if the distribution is wrong, so anyone out there looking to diversify their investments needs to be very aware of the difficult of the decision they are about to take, and only do so once they are convinced they are taking the right choice.

The market is going to bexome more volatile soon and I still see some persons not doing the right time. For us to make money in the cryptocurrency market, we don't need to invest our money in new coins that can being launched in the market just because of the profits we want to earn from the market. By the time the bull run finally comes, there is going to be a lots of new projects that is going to be launched and many investors are going to fall for different scam and rug pull that will make different people to lose there funds. We needed to be wise and take our financial decisions very seriously.

OK, some may agree with your point, but you cannot limit the investment. Of course, you should take part in trades in which you have good experience and have done a good analysis of them. But, still, sometimes the sudden fluctuations in the market can ruin your entire plan. So it is better to think carefully, do your homework, join the market practically, and prove that your actions are solid and your ratio is better than others. Remember that although investment is risky , but this can said when you do something deliberately in state of complete ignorance.

If this is indeed the case then your friend is a lucky one, he may have already made more than his investment. Your friend may have invested in various altcoins before investing in bitcoins and got huge profits from them and bought bitcoins with them. We have seen some altcoins which give good profit within short period of time if one such investment your friend got good profit from here and invested in Bitcoin. and he started investing from a small amount and gradually increased the number of bitcoins to hold the bitcoins for which he has three bitcoins today. You didn't mention here, when your friend bought the bitcoin because we know the price of bitcoin was very low at one time maybe he could have invested then. And your friend must be risk averse because Bitcoin will at some point be in a position that will make your friend a big guy. If he keeps the bitcoins in a good wallet from now on then it will be good for his money and will be safe.

There is no doubt that the crypto currency market is a volatile market where the market can go down at any time and the market can go up at any time. So one needs to be very careful here.You are also right that one should always invest what one can afford to lose. Most of the people I have seen invest all their savings in the crypto currency market and often end up losing money due to inexperience. People have heard about getting a good profit here but here you can lose your entire capital. Therefore, complete information and market awareness is very important before entering the crypto currency market. One should start trading only after learning and gaining experience.

It is definitely unattainable for many people and shouldn't be considered. I believe that the best thing to do in this case is to try to reach as high as you can, that is all you can do. Not everyone has to have 1 bitcoin, after all there will only be 21 million bitcoins at max, some of them are already lost, and I mean millions.

So in the end, we are 8 billion people, even if just 100 million of them are interested, which is not unlikely, and some of them have thousands even tens of thousands because of how much money they had, that means there will be tens of millions of people who would never have 1 bitcoin. So in the end the important part is to get as much as you can, it can be 0.5, 0.1 or even 0.01 but as long as you have some for your future, that's good.

If he invested in bitcoin 8-10 years ago, then this is a very good decision, as we can see today. But maybe then he should have sold them at the highest price a couple of years ago. Perhaps he, like many people, was waiting for bitcoin to increase in price even more and missed the moment to successfully sell it, then he is most likely now worried about this

Dealing with altcoins is now a very risky business, if he managed to make a profit, then he was really lucky. Now pay more attention to BTC, ETH
Indeed, now it is very difficult to find projects that will eventually make it possible to earn money. To do this, you need to spend a lot of time studying projects. Unfortunately, just because it worked for him doesn't mean it can work for everyone. It takes a lot of knowledge and research to invest in zero-value tokens, luck has nothing to do with it. If this story is true, then your friend is well done.
 

How lucky of him and that takes courage too.
The reputation of Bitcoin a long time ago was not good so people won't buy it. They are not expecting something good will happen from something that cannot be physically seen. Well, here we are now. All those who trusted Bitcoin will reap their rewards. It may have taken a long time but that is still a lot of money and higher profits than saving it in your back for annual interest. I think it also performed better than any other investment funds out there.

I am not that brave before buying but I did accumulate Bitcoin thru faucets. The sad part is I am selling it after I made an amount available to sell. I will not be a hypocrite, I didn't trust Bitcoin in those times too. I was just happy I could make money out of easy faucets.

it's a shame if he's still waiting to sell Bitcoin, because in the past 8 or 10 years of course his investment has been very successful,
even being sold this year still has a high ROI, so there's no problem for investors who have bought Bitcoin in 8 or 10 years ago.

I think luck has everything to do with it because he isn't the only individual investing in altcoins but he was among those that were profitable, others might make the same investment but because of their timing, they might lose. When investing in altcoins you need luck because they're just like gambling nobody knows which altcoins will become the popular coins that gives you big profits which is why individual invest in multiple projects.

They do this because they have seen advise on diversifying their investment so they invest in multiple altcoins hoping that one or all will make them millionaires by the next bull market. Many of them gets disappointed and those that were lucky to pick the right coins profits.

Your friend had a perfect strategy that worked well for him.
This goes to show that not everyone listens to the advice of invest only in Bitcoin. I have invested in altcoins in the past and got pretty good profits from it. Swapped them for Bitcoin and did repeated. But then this is not for everyone. If you want to diversify, diversify into a less volatile asset if you can manage the risks involved.

     If you are the type of investors who believe in investment, it's really good not to limit yourself to something like this as long as you know how to use a legitimate type of investment such as buying Bitcoin that for sure in the long run can provide us with good earnings in the end when the bull run comes. That's why many people are hoping for the value it can reach by next year.

Is quite a nice move buddy but in the current situation, then is not now or yesterday, i believe that took place for him around 2017 when bitcoin started gaining masive value with other shit coin which are numerous to mention and when you look at the background aspect many are born with gold spoon in the mouth i guess you understandwhat i meant by that. And so to say not because u have seen him with 3 pieces of BTC and you rush to put your money in it or lets say wanna get enough shit coin and HOPE... well if you have the funds go ahead but DYOR.

Your friend must be fortunate or wise enough to initially consider changing his altcoins to bitcoin. Not everyone who has invested in altcoins benefits from them. ​Altcoin investment is mostly good for a short-term investment plan not for a long-term goal. Once there are profits in it, you sell it off to avoid losses.

That's what I think your friend learned about altcoin investments, which prompted him to swiftly change them to bitcoin to secure his profits and increase his chances of long-term gains.

It always makes sense to exchange altcoins for bitcoin, and if it is for long-term investing, or to try to trade altcoins in pair with bitcoin in order to increase the number of satoshis on the balance. But in the end, even if you trade altcoins, you should strive to eventually convert everything into bitcoin, the main goal should always be to increase the amount of bitcoin in the wallet.

You could do vice versa but if your heart and mind telling you that you should only focus with bitcoin then do it and do things as much as you could when it comes to methods and ways on which you would really be able to make that advantage when it comes to accumulation of Bitcoin.Yes, there would be sacrifices and other steps that you would make to be able to reach out this kind of goal.

Not all would really be financially capable on doing so and this is why we do really have different situations when it comes to profitability.Some would just simply ignore and some wont really just care but there would be people who would really be doing into things basing up on what they have researched or have seen on.

Limit out and doesnt mind about on the future will really be putting up you on a  condition that you would really be getting left behind into those people who had made out such
step for them have those good results in the future but of course, everything isnt really that assured or guaranteed.

Isn't that the truth, I feel like there are way too many people who end up with not having any type of understanding how they should be changing back to bitcoin when the bear starts. It's not going to be easy to hold alts at that point and that's going to be the hardest part. When you are handling something like that, it's going to be a tough situation without a doubt. In the end, we are going to see some things change, and when that happens it's going to be hard to keep it.

This is why moving back to bitcoin matters a lot and we should always be doing it that way. I believe that we are not going to end up with a lot of money, but we are going to probably end up with a lot less loss for sure, which is why people should do that.

during the bearish season, altcoin prices may experience a deeper decline, so it is better to sell altcoins during the bullish season, and park them in stable coins, so that during the bearish season it will be safe to buy bitcoins, and will get more bitcoins, on the other hand we will also it's easier to make a profit. during the bearish season, the reference is bitcoin
so it is indeed the right way to invest in bitcoin, the parent of cryptocurrency