Wrong way to accumulate.

[Furious 7]

I think that's pretty normal to a person's nature which is to earn, so they would find other ways or what we called "alternative" just to earn extra money. So people are aware on the short term potential of altcoins, if there's a potential of course there's also a cons like in Bitcoin. If you are a good investor or trader you would study the coin first before investing due to some coins are made just to get rugpulled by using hyped. Imagine Bitcoin as a known coin for having a huge potential and benefits but we are still aware from it's disadvantages right? Same way in altcoin, you'll need to gather information first if you will put your money at stake. I've actually profited on this alt coins such as meme coins but it's just a quick flip that you won't be planning to hodl for that long.

There is nothing wrong with that because everyone has their own preferences regardless of whether they are in altcoins or shitcoins. The problem is when a lot of people who don't really understand the conditions of what they are doing but try to follow which makes them ultimately experience their own losses.

I personally don't prohibit everyone from doing anything here because everyone has their own perspective but what needs to be considered is that we must be aware of whether or not our qualifications are capable of being on that path, when we don't really master how fast and what kind of shitcoin scheme then never try that because when we try something that is beyond our ability it is tantamount to gambling so that bitcoin must still be the main benchmark because when compared to altcoin or shitcoin then bitcoin is the safest. 

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[Bushdark]

You also risk investing beyond what you can afford to lose which is not what any wise bitcoin investor would do. Bitcoin accumulation is not supposed to be a stressing and self-pressured process but some persons doing it in that way thinking they had arrived late to bitcoin and have to meet up, but that's all a fallacy. With bitcoin you're never late, you only arrived at your right time.

Investing and/or spending more than what you can afford is simply plain wrong in any field, it's not something exclusively bitcoin/crypto related: even the stock market could ruin you if you invest too much and it goes down, or also the payments for a house or a car.

It is good for us to diversify our portfolio of cryptocurrency so that when one is not doing well in the market, the other might be giving a good bull patterns which is a better way for us to split our investment. Our investments should not only be in cryptocurrency but in other sectors too so that when the Crypto market falls, we can still be proud of other investments that we have put our money.
For me, Bitcoin is the only currency that is safe to hold without having issues like rug pull or crashing like many of there crypto projects that had put there investors in pitiful conditions of losing there hard earned money.

[lixer]

Short-term thinking is one of the wrong ways of accumulation to get rich quickly within the market has many new investors only thinking short term. And while the possibility of earning massive on a crypto investment, there is also the possibility of losing all funds to a bad investment move. Having a long-term investment plan/ mindset would help you choose your crypto investment more carefully and concentrate on picking high-quality projects with a long track record. Trying to get rich in just 90 days is a fast way of going broke but thinking about crypto investing as a multiyear process will help you build a more thoughtful crypto portfolio.

What's basically wrong is the mindset of getting rich quickly with cryptocurrencies, I know that it happens with some but that is purely out of luck, and general cryptocurrency investments can only provide you profit but won't magically make you rich overnight. So one needs to rectify their approach first and take this opportunity just as an opportunity to earn money, maybe even earn a living if done properly but shouldn't think of it as a get-rich-quick scheme.

People who enter the market with this approach will most likely waste their money investing in shitcoins hoping for huge gains and eventually losing their investments and then blaming cryptocurrencies for making them go broke which is actually the result of them becoming greedy and wanting a lot of money in a very short period of time.

[Inwestour]

What's basically wrong is the mindset of getting rich quickly with cryptocurrencies, I know that it happens with some but that is purely out of luck, and general cryptocurrency investments can only provide you profit but won't magically make you rich overnight. So one needs to rectify their approach first and take this opportunity just as an opportunity to earn money, maybe even earn a living if done properly but shouldn't think of it as a get-rich-quick scheme.

People who enter the market with this approach will most likely waste their money investing in shitcoins hoping for huge gains and eventually losing their investments and then blaming cryptocurrencies for making them go broke which is actually the result of them becoming greedy and wanting a lot of money in a very short period of time.

I have noticed that for many, getting rich quick is associated with buying altcoins, but I think this is a false path, because these are big risks and I am not sure that it is worth risking your investments at the very beginning.

The basis of the investment should be bitcoin, I even tend to have only bitcoin in the portfolio, but if there is a desire to take risks, then let 10% of the portfolio consist of altcoins, their loss will not become critical in case of failure. At the very beginning, we need to focus as much as possible on the security of our funds, and bitcoin is the best fit for this.

[Onyeeze]

For investment of cryptocurrency, as investor you most have a category of your investment or you have of investment in bitcoin and without having such you will be discouraged or being biased in your investment, some investors chose to use go through long term investment and those who chose to go through long term investment are investors that targeted to invest during bear season why the short term investors most of them invest when bitcoin price is fluctuating or increasing so that they will make advantages of any step of bitcoin increment, so I believe that bitcoin investment the investors have have plan  and target before investing

[pawel7777]

I have noticed that for many, getting rich quick is associated with buying altcoins, but I think this is a false path, because these are big risks and I am not sure that it is worth risking your investments at the very beginning.

The logic behind it is people think that since Bitcoin is already high (compared to its first years) and therefore the only way to get super-high returns is to gamble on low-market cap altcoins. And since they only have small capital, they feel like they have no other choice.
There's some truth to it, but that's not a wise approach. In the longer run, it's way better to be patient and invest small amounts the same (or similar) way you'd invest large capital, than to just to piss money away on a short-lived pump and dump schemes.

[uneng]

I have noticed that for many, getting rich quick is associated with buying altcoins, but I think this is a false path, because these are big risks and I am not sure that it is worth risking your investments at the very beginning.

The logic behind it is people think that since Bitcoin is already high (compared to its first years) and therefore the only way to get super-high returns is to gamble on low-market cap altcoins. And since they only have small capital, they feel like they have no other choice.
There's some truth to it, but that's not a wise approach. In the longer run, it's way better to be patient and invest small amounts the same (or similar) way you'd invest large capital, than to just to piss money away on a short-lived pump and dump schemes.

That is right. They believe Bitcoin potential is already saturated. What isn't true at all, since there is a lot of potential for BTC yet, as it may still reach 100K$ ATH in some years, guaranting a profitability of more than 300% for investors who start the investment right now.

The problem is that those who invest in altcoins think 300% is low profit. They aim exaggerated goals such as 1000% and even more, which are promised to be reachable by altcoins developers and shillers. That is when investors lose money, because those goals aren't realistic in most cases.

[taufik123]

-snip-
The problem is that those who invest in altcoins think 300% is low profit. They aim exaggerated goals such as 1000% and even more, which are promised to be reachable by altcoins developers and shillers. That is when investors lose money, because those goals aren't realistic in most cases.

Altcoin profit targets of up to 1000% mostly occur on newly emerging and hype memecoins, while for altcoins, in general, it takes a long time and the right moment like in alt season.

But even if a 1000% target can happen, it's not easy to find.
Targeting that much upside is like looking for a needle in a haystack and mostly results in a lot of losses for investors.

If 300% is considered a low profit, then they are not real investors, they are seasonal investors who are only there when the hype moment appears.
Even the price of Bitcoin reaches $100k will not reach up to hundreds of percent, but it will always be looked forward to as a new ATH.

[Blitzboy]

`

That is right. They believe Bitcoin potential is already saturated. What isn't true at all, since there is a lot of potential for BTC yet, as it may still reach 100K$ ATH in some years, guaranting a profitability of more than 300% for investors who start the investment right now.

The problem is that those who invest in altcoins think 300% is low profit. They aim exaggerated goals such as 1000% and even more, which are promised to be reachable by altcoins developers and shillers. That is when investors lose money, because those goals aren't realistic in most cases.

These altcoin fanatics mindlessly chase the dream of 1000% returns because developers promise them the moon. But lets be honest: most of these claims are as solid as a rotten tree trunk. Bitcoin, the first cryptocurrency, the giant, the monster, has YET to reach its full potential. Those who say otherwise are either wrong or have something to hide.

Is a profit of 300% low? In what way is reality skewed? Even though it doesnt promise crazy profits right away, that doesnt mean its not useful. Bitcoin has proven itself over and over again, while these other coins come and go like the seasons.

Its not about being conservative; its about being sensible. But in this crypto world, reality doesnt sell as well as fantasy, does it?

[Ziskinberg]

Short-term thinking is one of the wrong ways of accumulation to get rich quickly within the market has many new investors only thinking short term. And while the possibility of earning massive on a crypto investment, there is also the possibility of losing all funds to a bad investment move. Having a long-term investment plan/ mindset would help you choose your crypto investment more carefully and concentrate on picking high-quality projects with a long track record. Trying to get rich in just 90 days is a fast way of going broke but thinking about crypto investing as a multiyear process will help you build a more thoughtful crypto portfolio.

What's basically wrong is the mindset of getting rich quickly with cryptocurrencies, I know that it happens with some but that is purely out of luck, and general cryptocurrency investments can only provide you profit but won't magically make you rich overnight. So one needs to rectify their approach first and take this opportunity just as an opportunity to earn money, maybe even earn a living if done properly but shouldn't think of it as a get-rich-quick scheme.

People who enter the market with this approach will most likely waste their money investing in shitcoins hoping for huge gains and eventually losing their investments and then blaming cryptocurrencies for making them go broke which is actually the result of them becoming greedy and wanting a lot of money in a very short period of time.

Perhaps, that was a problem for most, we assume that by buying today, we can earn a profit by tomorrow which is obviously not. As long as our rich-quick mindsets stay with us, we fall and get wrong with our decisions, and badly lose in the end. It is a time that we have to change the way we look at crypto investment because this could be the reason why we fail from achieving our goal. In fact, no matter what we gonna do, we can't beat the market and make everything favorable to us because, in the end, we remain a loser from our wrongdoings.

[posi]

I have noticed that for many, getting rich quick is associated with buying altcoins, but I think this is a false path, because these are big risks and I am not sure that it is worth risking your investments at the very beginning.

The logic behind it is people think that since Bitcoin is already high (compared to its first years) and therefore the only way to get super-high returns is to gamble on low-market cap altcoins. And since they only have small capital, they feel like they have no other choice.
There's some truth to it, but that's not a wise approach. In the longer run, it's way better to be patient and invest small amounts the same (or similar) way you'd invest large capital, than to just to piss money away on a short-lived pump and dump schemes.

That is right. They believe Bitcoin potential is already saturated. What isn't true at all, since there is a lot of potential for BTC yet, as it may still reach 100K$ ATH in some years, guaranting a profitability of more than 300% for investors who start the investment right now.

The problem is that those who invest in altcoins think 300% is low profit. They aim exaggerated goals such as 1000% and even more, which are promised to be reachable by altcoins developers and shillers. That is when investors lose money, because those goals aren't realistic in most cases.

I agree that many newbies are making the mistake of thinking that bitcoin is saturated and cannot give them big returns, and they look to altcoins with the expectation of making bigger returns. And I also agree that investing in altcoin is very risky but the return will be huge if we choose the right project. But what's wrong with them investing in altcoins? I mean not all altcoins are useless and scams. Such as ETH or BNB, they are also altcoins, but their potential is undeniable, and their returns are even more substantial than bitcoin these days. So why not invest in them?

We are always critical of people who invest in altcoins, which makes us no different from old-fashioned real estate and gold investors. They also criticized us for choosing to invest in bitcoin because it was too risky, and we called them stupid for not investing in bitcoin. So are we stupid to criticize those who invest in altcoins when they have a chance to get huge rewards?

[DeathAngel]

There’s no wrong way to accumulate bitcoin as long as you don’t panic sell at a loss. If you buy & hold for a number of years you are historically, at least, always guaranteed to turn great profit. Due to the deflationary design of bitcoin it is very likely this will continue for the foreseeable future. So essentially, DCA or smash buy, whatever, patience & holding long term is the main thing to guarantee profits.

[Russlenat]

Until a person find himself to be wrong or right, there is nothing to correct. The person does it based on his understanding about the market. Every people try to have their own technique and strategy while accumulating bitcoin. The best being buy when the price is at the bottom. It is really tough and the same could make us miss opportunity to buy at the lowest price. For this reason it is good to spend specific amount regularly on buying bitcoin. Along with the same DCA is really good against buying as a whole.

True indeed. That’s where he’s comfortable of doing and that’s how he gained understanding from the market, so if he is doing it wrongly, he will later recognize his mistake after a lesson learned. And when that happens, if he’s mature and capable enough, he will never repeat the same mistake again to avoid repeated losses as well.

It’s always good to accumulate bitcoin as early as now especially that bitcoin halving is fast approaching, but what makes it wrong is when you spend your money more than you can afford to lose. Remember that bitcoin is still risky and cannot assure guaranteed profits, but if you know how to do the math, you will never invest more than your means, otherwise you’ll end up regretting your decision.

[MarjorieZimmermanGinger]

There’s no wrong way to accumulate bitcoin as long as you don’t panic sell at a loss. If you buy & hold for a number of years you are historically, at least, always guaranteed to turn great profit. Due to the deflationary design of bitcoin it is very likely this will continue for the foreseeable future. So essentially, DCA or smash buy, whatever, patience & holding long term is the main thing to guarantee profits.

There are always ways to accumulate and avoid unnecessary losses in bitcoin, it is power and knowledge alone that will make anyone decide not to get involved in a panic. Buying and holding has historically been bound to turn a profit due in as to bitcoin's deflationary design as we've seen so far, but also not the least of expectations beyond the mismatch between buying and expected gains in the short term. Finally patience in acting will actually give birth to losses when selling sells beyond the desired achievement limit.

Holding and buying will always give birth to profits and the concept is patience as you convey and if someone can do this properly it is very unlikely that the investment undertaken will suffer losses. That's why sometimes investments in the short term must be adjusted according to the budget to generate profits and it is different when someone expects the long term as an investment in his life.

[ChiBitCTy]

People should simply utilize the DCA (dollar cost averaging) system and stick with that, otherwise you're simply trying to play market timing.  The biggest mistake I see people making is buying bitcoin when it starts to really take off.  This of course means you're chasing highs that may end quickly, and then you just bought at the top.  This of course is exactly what NOT to do.

[Raflesia]

People should simply utilize the DCA (dollar cost averaging) system and stick with that, otherwise you're simply trying to play market timing.  The biggest mistake I see people making is buying bitcoin when it starts to really take off.  This of course means you're chasing highs that may end quickly, and then you just bought at the top.  This of course is exactly what NOT to do.

All strategies are of course very feasible because at the end of the day whether it is DCA or buying on dips all depends on ourselves who run especially strategies like this are also not wrong to do.
The most important thing right now is how we try to maintain because buying and selling is a very easy matter but holding back not everyone can do it.
There are so many people who sometimes even have narrow thinking where they feel deceived by bitcoin and sell even though they experience losses because they do not have basic knowledge about bitcoin and investment because they only follow buying and selling without calculation but do not realise that what they do is actually making them more miserable.

[Mr.suevie]

People should simply utilize the DCA (dollar cost averaging) system and stick with that, otherwise you're simply trying to play market timing.  The biggest mistake I see people making is buying bitcoin when it starts to really take off.  This of course means you're chasing highs that may end quickly, and then you just bought at the top.  This of course is exactly what NOT to do.

Although some do try as best to follow the DCA strategy but on the long run of their investment plan they fall out to other means to either feel that they are smart enough to gather much BTC in few minutes or go into trading to gather more in lesser time which is very risky and this can even end up eating your whole investment if you are not an expert and for me I feel their is actually no expert when it's come to trading because I have termed both trading qnd gambling to be one because of the risk of uncertainty.

[Viscore]

By starting to invest at a larger capital believing that it could also gain bigger amount of profits. But in reality, it’s not actually the case. Your profits will depend how good and reliable you are as an investor, not on the amount of capital you start to invest. Also, by starting to accumulate when the market is in bullish, just to ensure oneself that  the prices will even continue to surge high and reach higher prices. But in reality, as long as the market remains volatile, the price will never follow a one way direction but will always move both in the same direction. At some point, the price is up, while at another point, the price drops and reaches a lower price.

[Best-mary]

One strategy that I came across some time ago, which I mentioned previously, is the concept of "Dual Investment." It's important to address why individuals often accumulate BTC incorrectly. This tends to happen when people jump into the market too late, during a period when Bitcoin is already experiencing a surge in value. Which all know that this behavior is often referred to as "fudding." Another reason is that many people attempt to time the market perfectly, but this can be challenging due to our human nature. At times, we might inadvertently miss out on opportunities.

[pawel7777]

One strategy that I came across some time ago, which I mentioned previously, is the concept of "Dual Investment." It's important to address why individuals often accumulate BTC incorrectly. This tends to happen when people jump into the market too late, during a period when Bitcoin is already experiencing a surge in value. Which all know that this behavior is often referred to as "fudding." Another reason is that many people attempt to time the market perfectly, but this can be challenging due to our human nature. At times, we might inadvertently miss out on opportunities.

I think you confused multiple terms here. Not sure why you mentioned Dual Investment, do you mean investment product offered by e.g. Binance?
When people use the term "accumulate" they usually mean to purchase gradually to slowly build up the desired holding. Buying at the top is not really accumulating.
And fudding stems from FUD (Fear, Uncertainty, Doubt), meaning spreading (usually fake) news and rumours to scare investors and drive the price down.