I don't know why you made a poll OP. But welcome to Bitcointallk!
So you are mostly interested in earning from bitcoin investment. At this moment, I doubt buying bitcoin and holding it for a few years can change your life financially unless you have a big capital but it might also mean you already have the money and a 400% growth isn't life-changing anymore.
Bitcoin is a decentralized online currency and it is necessary since we have full control of it without the government and banks interventions. But we can still live without bitcoin of course. But as humans, we are about innovations for the betterment and bitcoin is one of them.
This is quite a crazy statement: "it might also mean you already have the money and a 400% growth isn't life-changing anymore."
If someone wanted to get to $2 million in order to get to a kind of western entry-level fuck you status, and s/he came to bitcoin in the last year or so, and maybe such person has around $500k to invest, and so even if they completely got their $500k into bitcoin in a relatively short period of time, then if the investment went up 4x, then they would be at fuck you status. Of course, we have to be careful in regards to how we measure our bitcoin wealth, and if we believe that getting into dollars reaches our goal, then we cash out when we get to 4x, but if we want to keep most of our value in BTC, then we may well have to wait for the 200-week moving average to move up from $29k to $120k-ish in order to have some more assurance that we are considering the bitcoin bottom rather than prematurely cashing out based on tips and then perhaps not having better places to put the value as compared to keeping most of it in bitcoin.
By the way, it could take around 6 years or so before the 200-week moving average moves up to $120k-ish, and surely that would not be a long time to get 4x out of your investment (and why be greedy?), but people can sometimes be impatient, and for sure bitcoin price rises (and even the ongoing going up of the 200-week moving average is not guaranteed, even though historically it has ongoingly gone up).
I am a newbie in bitcoin I want to learn a lot about bitcoin I want to do marketing and trading with bitcoin if any of you are expert or if someone is more skilled please give me some suggestion so that I can do something good and my future is good. can shine through bitcoin and i can stay away from casino and gambling games and without these two means i can earn money in my life and i can work hard to earn bitcoin everyone.
BTC and other cryptoassets are suitable only for long-term hoding,
This statement is not true.
ONLY bitcoin is suitable for long term holding, and the non-bitcoin "cryptoassets" are referred to as shitcoins for a reason, which is that they are not suitable for long term holding but they might be suitable for trading, if you can figure out price moves and strategies to get in and out of that crap.
One of the BIGGER problems with even attempting to trade bitcoin may well have to do with failures and refusals to accept that bitcoin is likely inevitably inclined towards UPpity... so whenever you sell bitcoin, you run a decently large risk that you might not be able to buy it back for less than you sold it..
Another advantage that might come with bitcoin is to build up a certain stash of it prior to even considering trading, so that would mean consistently buying and building and once you might have spent a decent amount of time buying, then at least you have a stash to work with and also you have information about your stash including the cost of various coins that you bought and you can even lump them into groups that might help you to decide how to treat them in terms of possible trading, which again still runs into the risk of any sales might not result in any ability to buy back for less than the sales amount, so overall if the whole stash is rather small, then maybe there would be a goal to build the BTC stash to be much larger before even fucking around with trading...
Maybe trading with shitcoins is more justifiable than trading with bitcoin, even though it may well take a lot of time and waste a lot of brain power, when brain power may well be better spent on figuring out ways to stack BTC by earning more money and our cutting expenses and just being more persistent with BTC stacking ideas that don't involve gambling.. ..
Another thing is that if someone has a job and they might be young, so they are expecting their salary to go up through the years, they still can be figuring out if there are ways to attempt to front load their bitcoin investment because there are likely legitimate theories that bitcoin prices are likely going to rise higher than the rate at which someone might make more money later down the road, so there might be some value in trying to buy more bitcoin earlier, even if a person might be expecting to make more money later down the road.. However, how to balance these matters cannot be clear, and after a few years of stacking sats, then reassessments can be made in regards to if there might be some value in attempting to trade any of the bitcoin or even limiting a small portion of the stash to trading, such as 10%.. but if someone spent 3-5 years building such stack, they might want to be careful in regards to how much they want to put at risk and/or to fuck around with by trying to trade with it.. maybe no more than 10% of it.
so the main strategy is to avoid spending crypto.
Well gresham's law would be to spend the shittiest of currencies first, and there are some theories that some of the shitcoins are better to hold than dollars, and I wonder about that. Of course, if you have shitcoins, you may want to spend them, but yeah, if you consider them to be investments then they would be the last to spend.. which is surely true about bitcoin should be the last of anything that any of us chooses to spend, unless it is either spend and replace or unless we have some kind of strategy to sell small amounts on the way up, without any expectation that we would be able to buy back cheaper... but if we sell small amounts of our BTC after larger amount BTC price appreciation we have better chances that the BTC price might come back down, but surely not guaranteed, and surely not a good habit or mindset for someone who might still be in the earlier stages of BTC accumulation and/or building wealth (and building his/her investment portfolio).
Cryptotrading is like gambling, I don't think that it's a good idea to even try it, especially if the sums you possess are not so high: trading fees usually cost more than any profit in case of small amounts of BTC.
I mostly agree with this part.
Long-term hodling requires years of patience, there won't be fast profit with crypto...
I would agree with you if you were talking about bitcoin in the above statement, but since you used that vague-ass term "crypto" who knows what the fuck you are talking about? There are a lot of shitcoins out there, and it is a much better practice to make it clear if you are talking about bitcoin versus some shitcoin and if you are recommending to get involved in some specific shitcoin, then maybe you should mention which one or which ones, but that surely would be messy to mention any specific shiticoin(s), so many times members try to act like they are smart so they refer to everything as "crypto," including lumping bitcoin into the mix as if it were similar or an equal, and as if they are even saying anything meaningful by using the vague-ass, meaningless, and misleading term "crypto," except maybe they are showing that they do not understand bitcoin enough in order to distinguish it (and/or their ideas about bitcoin and the space) from shitcoins.
BTC and other cryptoassets are suitable only for long-term hoding,
Perhaps for the top 10 cryptocurrencies, this response makes sense, but for all coins, I believe it's highly improbable as a long-term holding strategy. Meme coins would contribute significant losses to a long-term holding strategy due to their higher risks.
Even though you hedged your statement by saying "perhaps," your statement is still dumb as fuck.
Long term investing does not apply to "the top 10" and it ONLY applies to bitcoin, and not because it is "in the top 10," but instead because bitcoin is a paradigm-shifting technology that innovates the concept of scarcity in the digital space by solving the Byzantine General's problem and it incorporates various forms of incentives through proof of work. that also builds several networking effects on top of it, and just because various shitcoins try to act like they are doing similar things, they are not. .so they are just riding on bitcoin's success and likely ongoing success.
Poll
