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Author Topic: Do you love and enjoy taking risk?  (Read 1851 times)
Godlovesyou (OP)
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March 22, 2023, 04:43:39 PM
 #1

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.

What future do we really hope for altcoins without bitcoin?
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March 22, 2023, 08:06:44 PM
 #2

if you bought altcoins last month it was the right time, because altcoins are in a good position now. last month bitcoin was still on the bottom, and now it's on top. In my opinion, it's better to take bitcoin, ethereum, BNB coins that are certain and have a small risk, not too big like shitcoin baby doge

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March 22, 2023, 09:57:52 PM
 #3

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron.
Do you assume altcoins are more predictable than Bitcoin?  Huh
It is strange that you buy altcoins that have more volatile than Bitcoin. Altcoins are riskier because no clear future, especially those meme coins. I'm surprised that you bought babe doggy and peg token.

What future do we really hope for altcoins without bitcoin?
No one really knows it. But I assume there is a chance for altcoins to survive without Bitcoin. However, it is unlikely to happen that we have no Bitcoin in the future. Since Bitcoin is the main crypto coin, I think Bitcoin will always survive in crypto space.

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March 22, 2023, 11:59:30 PM
 #4

Risk is part of cryptocurrency, so unlike your willingness you're taking risk. Whether it is altcoins or bitcoin doesn't matter. With bitcoin the risk is low whereas with bitcoin the risk is high. Most of the people prefer to take big risk, because it have got the ability to give better profit.

It is possible to see good number of people lucky to make big money out of altcoins that weren't known to the community. For some reason investment were made and the same coin reaches the peak in short time period giving good return on the investment. This way the selection of altcoins for investment is a big process than just investing on bitcoin and staying on the safer side.

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March 23, 2023, 01:28:39 AM
 #5

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.

What future do we really hope for altcoins without bitcoin?
And now it's not too late for you to do these things, research what you're investing in because you say you don't quite understand what you invest your money in. So selling to know this market just because you think the price might go up is a mistake for newbies, market knowledge is empty, asset management is not smart,... but that will cost you money. .
Anyway, this is a pretty good period when there are many positive signals from the market, and I will not be too difficult for you to make big profits in the next 2 to 3 years, but it is not a big deal. buy indiscriminately and wait for luck to come, instead of using such money, play the lottery for a higher chance of winning than watching your money gradually evaporate.

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Kalchef
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March 23, 2023, 10:07:05 AM
 #6

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.

What future do we really hope for altcoins without bitcoin?
How many months ago exactly? If you bought these coins between June 2022 and March 2023 you have no problem, because it's bear market that causes the dip, and between this period these coins are very cheap, so you are not in any losses, all you need to do is keep holding, we still probably have a year or two to go before another bull market.

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kaseygriffin
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March 23, 2023, 10:15:57 AM
 #7

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.

What future do we really hope for altcoins without bitcoin?
A few months ago if you bought altcoins I think you are lying about losses, we have seen how things have increased since late 2022. And now the active market is also very active with many launch events of many new projects, moreover looking at the BTC halving schedule I think we are also about to see a bull market cycle.
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March 23, 2023, 10:34:45 AM
 #8

You've just learned a lesson that a portfolio without bitcoin isn't good. I've seen investors that don't have bitcoin on their portfolio but they've got some good gains because they're not like random investors and they choose the altcoins they invest in very well.

What future do we really hope for altcoins without bitcoin?
A few of them are good to buy if you know what you're looking at. But we have to remember that most of the altcoins are too reliant on bitcoin even with how hyped they are. The market is too connected to bitcoin and that's why, everything goes up if bitcoin is up.

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March 23, 2023, 12:05:58 PM
 #9

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.

What future do we really hope for altcoins without bitcoin?
A lesson for you in the investment process, whether it is difficult for everyone to do market research or one project at a time. I find it very funny to see people buying some altcoin just because people are talking about it, remember that in the crypto space hype is everywhere, and if you see a coin If there's a potential opportunity being discussed, beware, latecomers have no luck here.
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March 23, 2023, 02:29:55 PM
 #10

you need to know, the potential of each altcoin is different. maybe, you buy all of these altcoins, then a bear market occurs, so that all the altcoin prices that you own drop drastically, and so does the bitcoin price.
We cannot predict what the future of altcoins will be without bitcoin, because as I said, each altcoin has its own potential. there may be some who survive, and there may be some who go bankrupt. However, it is common knowledge that investing in crypto is a very risky type of investment. so when you get into this investment, you are ready to take the risk.

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March 23, 2023, 02:45:21 PM
 #11

Not all cryptocurrency risks are advantageous. There are risks you'll take where you'll lose money, and there are risks you'll take where you'll make money. As far as I can advise, take the risk you can stand should your investment fail

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.
Is altcoin not unpredictable the way Bitcoin is? How do you think altcoin will favor you over Bitcoin? In case you don't know, the whole crypto market is unpredictable. It's really bad of you to invest in something you don't even understand without DYOR.


 
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March 23, 2023, 04:45:04 PM
 #12

If you don't understand how it works, why would you buy an altcoin that is clearly a higher risk than bitcoin?
Everything is difficult to predict for price movements, it's just that you take a bigger risk so ignore bitcoin because it's an important asset especially for beginners, in my opinion it's the wrong decision while I don't want to take bigger risks while we ourselves don't know their system works then it's better to choose bitcoin as a long-term asset than altcoin.

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March 23, 2023, 06:25:34 PM
 #13

Taking risk sometime become a cause of failure, I don't say that due to a fear of risk we should not take forward step towards success but I want to say that never compromise with your money because it comes with hard work and once you lost it so it will be difficult to recover it back. I will suggest that making investment in those token which have little hazards and don't die when market become low will be better like that of bitcoin. In crypto investment risk is present with each coin but with stable coin and bitcoin we should accept this sort of risk.

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March 23, 2023, 06:29:22 PM
 #14

You said that bitcoin is unpredictable when buying altcoins, so when did you think that altcoins were predictable?
All investments have a risk, but we have to sort out which one has a lower risk. And if so then I think you can determine which one has the lower risk. Even if we have to invest in altcoins, it's best to choose altcoins that can be seen so far.
I hope you are not discouraged by what you are experiencing, you should make this a lesson that not all altcoins are reliable.

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carlfebz2
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March 23, 2023, 08:28:56 PM
 #15

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.

What future do we really hope for altcoins without bitcoin?
Bitcoin or altcoins, it doesnt really guaranteed out if we do speak about future but one things for sure that these things could give out the opportunity for you to make some profits but some people do consider out

on taking altcoins considering that it could potentially give out more.The last cash on where you did put in is somewhat considerable rather than making yourself that focused on low caps or degen coins.

If you are already that aware on how this market works then these dumps and crashes arent really that shocking anymore to you since it wont be called a market in the first place if
there would be no dips and crashes as we do know.

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March 23, 2023, 09:01:01 PM
 #16

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.

What future do we really hope for altcoins without bitcoin?
I am all for taking a risk, that's why most of us are in here. Big risk big reward. And i totally understand buying ETH, that isn't even that risky, but those other coins and tron?
You should maybe go and browse whitepapers of other coins before investing to some obscure low caps. I mean they are risky, but can you name one reason why would they grow in price?

Obviously it's your money and you could be right for all i know but that does seem like you were investing blindly into just something.

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March 23, 2023, 09:16:21 PM
 #17

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.

What future do we really hope for altcoins without bitcoin?
Taking risk is another thing, and with altcoins either you will choose good project or the new project with a lot of risk.
The market is too dependent to Bitcoin, Altcoins can pump that much without it, let's just accept this fact. I'd love taking risk as long as I analyze the project before making any decision, risky project can be rewarding as well all you have to do is to analyze and do your own research before trying anything.
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March 23, 2023, 09:20:39 PM
 #18

Not all cryptocurrency risks are advantageous. There are risks you'll take where you'll lose money, and there are risks you'll take where you'll make money. As far as I can advise, take the risk you can stand should your investment fail
Is altcoin not unpredictable the way Bitcoin is? How do you think altcoin will favor you over Bitcoin? In case you don't know, the whole crypto market is unpredictable. It's really bad of you to invest in something you don't even understand without DYOR.
[/quote]
In case we fail and got no money, I think we can still get a lesson which can help us to improve so in the end, we still didn't lose any. Risks are quite scary or dangerous but it's better to take them than not doing any actions and just stick only on our comfort zones because we will never have the chance to grow this way. There are alts who are more stable than in Bitcoin, this is the reason why some of us thinks they are more predictable.

The OP is only wrong there because he purely rely on his instincts and he lacks research so he ended up picking the wrong coins. He is still lucky that he invested on ETH and Tron because these two coins aren't really that bad and there is a chance that they can recover.

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March 23, 2023, 09:25:13 PM
 #19

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.

What future do we really hope for altcoins without bitcoin?

There’s certainly no future in cryptocurrency without bitcoin. The entire cryptocurrency follow bitcoin trend and only rises above it whenever there’s hype. I don’t tell investors to stop buying Altcoins but do not throw all your money on it just to make huge profits, you might wake up seeing it dead. If at all one most go into Altcoins it should be the top ones. Buying the rest seems like a gamble

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March 23, 2023, 09:48:40 PM
 #20

Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.

What future do we really hope for altcoins without bitcoin?
I'm willing to take the risk as long as its a good project, but looking at your given list I think i will not go for that risk.
Bitcoin is Bitcoin, there's no doubt about this but altcoins will also have its run along with Bitcoin so these two compliment each other so better to have both of this for your future goal. Good altcoins are doing great today, as we can see there's a good hype in the market and this could push the bull market into reality this year.

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