just choosing bitcoin for long term investment is a good thing. However, I think they choose shitcoins to invest in because the price increases and decreases are very volatile. they take advantage of this moment to make money quickly. However, many people get trapped and end up holding shitcoins for the long term.
However, If the goal is simply to invest, then in the crypto world, choosing bitcoin is the right thing to do. However, still, people sometimes choose to look for cheap investments, so that they can get a large amount with the hope of increasing many times over.

In principle, trading is very easy, just buy when it's cheap, and sell when the price goes up. Learning it is even very fast, however, for experts in the field it is very difficult. In fact, I believe that people who have been in the world of trading for a long time still continue to learn and adapt to changes and market developments that occur.
It's best to keep learning and not have to think about how long it will take because sometimes expert people don't count how long they study. They are experts because they are used to doing that. Each person has different abilities in learning. Some people master this in a few months, some a few years, some are still learning and still make mistakes. What is clear, what you need to do is continue to learn and adapt.

depending on the money I have. If I already had a lot of money, I would choose gold for long-term investment. However, the deposit offers quite good interest every month. If we have a lot of money and deposit it, it can become another source of income. This is often recommended in books about long-term investing. However, if this has been achieved, and we have income that continues to increase every month, then I will choose gold for long-term investment. Gold is known as an asset that is not exposed to inflation, it can be a savings and investment at the same time.

Well, I also agree that digital currencies are a very good technological development, especially crypto. However, like basically any product, if there are advantages, there will also be disadvantages. Even though I also think that this could be a very good alternative, and could dominate in the future, however, digital currencies still have shortcomings. In fact, because most cryptocurrencies are not centralized coins, they do not have any guarantee from the government. Apart from that, it is not 100% safe from robbery, there are many hackers out there who have managed to steal a lot of money, and there is no guarantee for that. We may have full control, but if the government has given orders that it is illegal, then there will be some consequences if we continue to use it. However, this is a very extraordinary technological development, but it still has some shortcomings like other products.

It's just that many people continue to be addicted to meme coins. Even when they know the risks of owning meme coins, they still do it. In fact, quite a few of them are holding onto meme coin in the long term, and hope that it will have the same development as doge coin. Well, it's like gambling, because even the coins don't have clear information, they still try to exploit it.

I also had almost the same experience. However, I feel that whatever income I get from the internet, I need to have a real business, or a real job that can provide me with a steady income every month. Maybe, for some people who have been successful in building their business, they no longer need work like that because they are the ones who pay their employees. However, for people who are just starting to build their business, working hard is something that needs to be done and does not depend on luck. Even when we have a greater income than our main job, we need our main job to provide us with a monthly income, as well as being our main place when the other jobs we have don't produce any more income.

Some of the reasons why newbies choose shitcoins over altcoins are because they believe the potential of shitcoins is the same as bitcoin, and also because the price is cheap. They may prefer a large amount of shitcoin such as 10,000 shitcoins compared to 0.01 bitcoin. After all, we know that their hope is a multiple increase in the shitcoin they choose.
However, for those who are just starting out, and don't know about in-depth analysis and research, then choosing Bitcoin is a wise decision. Apart from having less risk than others, the potential for price increases is also better than shitcoins.

well, looking at the plan, it was a good plan. However, what is planned is sometimes easier than the reality. This plan will truly be felt when he does this continuously and sticks to the principles of the plan he makes.
However, many people fail because of FUD, or seeing the price of bitcoin fall, so they rush to sell the assets they have accumulated. However, I have a suggestion, if you want to do this in the long term, then don't even think about the price of bitcoin when things are bad and stay focused on your planned asset savings. When market conditions improve, or even rise, you can think about the next steps regarding your plan.

personally, I've never seen anyone actually ban using bitcoin on this forum. It's just me, I see a lot of people giving advice based on their own experience, and I think it's not to discourage them, but to give them full awareness before they actually use bitcoin.
Many people outside of me encourage using bitcoin, but when those people experience the risks, those people will sometimes blame other people for pushing them into the world of bitcoin, or they will end up saying that bitcoin is a scam.
Apart from that, we also need to make them aware of the risks in this matter, because many are encouraged to join because they see the benefits that other people can easily gain. Apart from that, there are many people who try to take advantage of newbies. So, that's why each point explained is important. that's not to make them discouraged, but to mature their decision in joining the crypto world.

Firstly, I will calculate how I will get the remaining $5k and how long it will take me to accumulate it. If I can get it together in the near future, then I will save the $15k and build it up until I can reach $20k and start investing. However, if I can't raise $5k in the near future, then I will try to adapt to $15k and look for a business that is legit and has very little risk. Even though the profit is small, at least I can make extra money from the $15k. The principle that I have, if I aim to invest, or build a business, then I will not save the capital that I have for a long period of time.

a very surprising number, I am sorry for the loss they feel. that is a huge amount nowadays. I may have heard of the second person, but this is the first time I have heard of the first person. That is something that may be very regrettable.
It's just that, when we think that we bought a lot of Bitcoin in 2011, we will try hard to find the private keys that we have. In fact, to this day, I am still looking for some of the private keys that I have used, and I hope that these private keys still have the bitcoins that I forgot about.
Until now, I continue to backup the private keys that I have in stages and store them in several different places. However, this story can be a valuable lesson for us.

Yes, above all, the most frequently used reason why people today still choose altcoins as their assets, is because altcoins still provide a lot of profit. Personally, I also choose altcoins because I want big profits from them. However, the altcoins that are always my favorite are the popular altcoins, especially ETH, and BNB. Of all the altcoins, these two have given me the most profit, and are probably easier to analyze than other altcoins.

when we find an altcoin that works based on utility, it will be difficult to identify it to be a shitcoin. We need time to see it coming. However, for other shit coins, we can see from the lack of clarity that the coin was created, incomplete data, anonymous team, very low coin price, coin listing on an exchange that is not well known, or maybe only DEX, small volume, and still much more. You can find these things when you do in-depth research.

Spot trading has many benefits for beginners, even at the expert level. In spot trading, many points are studied such as analysis, searching for information, and others. This will slowly improve the quality of the skills we have.
Meanwhile, futures are a type of trading that carries greater risk than spot trading. Maybe this type of trading looks quite easy, however, on the other hand, there are many people who do not recommend doing future trading. But the advantage is that this is an instant method. It's just that, between the two, I tend to prefer spot trading.

Actually, I don't understand the correlation between "bitcoin is life" and your explanation about bitcoin and gambling. However, discussing that people think that Bitcoin is often used in gambling is something that is true. Bitcoin is sometimes used as a form of payment on well-known gambling sites. It's just that this happens to almost all Fiats. In fact, in the real world, people use their items to bet on gambling.
After all, Bitcoin is a means of payment on the internet, so people will use bitcoin as they wish. it can be used for good things and for bad things depending on each individual.

Yes, if we talk about negative issues, then any investment, there will be fights in it. However, who is the person who plans to divorce? almost everyone wants their family to survive until their last moment. So, I think it's okay to save valuable things from the partner we have. However, it all comes back to each individual. I also think that it is quite risky to choose bitcoin as the only property you own. It's good if you have other investments from the profits you get from Bitcoin or your other work.

That makes a lot of sense. I also think that's why meme coins like that can easily be listed on Binance, whereas there are so many projects that have benefits and communities that aren't even on Binance yet. However, I also think that fees for placing coins on an exchange are not the only way for popular exchanges to make a profit, and the only reason for including meme coins on an exchange like Binance is because of the hype. I'm pretty sure that the fees from the transactions are enough to generate enough for an exchange. However, a hype coin like that will not make the coin look better than other coins, because the risk of investing in a hype coin will always be riskier than investing in a listed altcoin because it pays a list fee, and has benefits.

This is why people say that trading is not for everyone. Sometimes people trade just because they see other people being successful through that path, and see that trading is something easy. Without thinking about the risks, he dared to make the decision to trade without proper preparation. This sometimes makes people inappropriately choose assets to trade without doing research, or by doing research that is not in depth, so that they fall into big losses. In addition, sometimes they use their main money to trade, so when they fall, they lose everything.

that's the risk of investing in a new project. Many people recommend getting all the information from the team so that if something like this happens, investors can try to find out who is responsible for it. However, if you want a risk-free investment in crypto, the only options are bitcoin, and perhaps popular altcoins. For new projects, it's best to use money that doesn't change your life for the worse when you lose it.

Well, OP is very interested in this project, but on the other hand, he is afraid of losing the money he has. Personally, I have an opinion like you. this is a meme coin, and treat it the same as gambling. So, the potential for losing the money you have is greater than choosing an altcoin with clear benefits. If you are interested in altcoins, you should just choose popular altcoins, or even choose bitcoin. Because the risk of losing the money you have is smaller than choosing meme coins, or projects that have just been developed. Apart from that, I very rarely hear about this project, in fact I didn't find any advertising discussing this project at all.
If you hear this from the team, or your friends who are involved in this, then try to be wise in making decisions. no project will mention their weakness in attracting other investors. they will definitely mention that they are different from other projects.