GeorgeJohn
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June 21, 2024, 09:54:05 PM |
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<...> people like instant selling after purchasing that also generate a loss when you have not understand the system of Bitcoin because there are some persons when the purchase Bitcoin due to the price of Bitcoin or information of Bitcoin you showing that the market is going down they will be on panic to sell their Bitcoin that is the time they make a loss on the process
that's why getting the basic knowledge of Bitcoin investment is important before getting started. Part of the reason why some people sell out their Bitcoin is that the price was coming down and they needed to push it out as fast as possible so it won't go further than it already it. The reason why such things still disturb some people is that they are still mixing Bitcoin and crypto to almost be in the same level and maybe because they've hard that some coin do gain value to some level and then goes to become valueless, they assume that such thing is possible with Bitcoin. As someone that has been in the system for a while and have done some personal research which has fed me with some basic fact, the bearish seasons aren't different from the bullish season for someone that's still in his accumilation stage. As long as you've not reached your target, every bearish season should be an opportunity to buy more and not to sell your already bought Bitcoin because of any fear of any sort. actually both of us is in the same direction of statement but the thing is that it is obvious that what makes some people to panic whenever they purchase a Bitcoin and the price continue to get low or get decreased after purchasing a Bitcoin is because there are afraid to lose what they have invested so based on the Lack the knowledge and the understanding of cryptocurrency investment the panic or the information can lead them to lose their investments, that is why I've been emphasizing that cryptocurrency investment is a something that based on research if you research and have a problem knowledge of Bitcoin I don't think that you will be able to panic whenever the price of Bitcoin is getting decreased in market after you purchased bitcoin already
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Dailyscript
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June 21, 2024, 10:15:36 PM |
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<...> people like instant selling after purchasing that also generate a loss when you have not understand the system of Bitcoin because there are some persons when the purchase Bitcoin due to the price of Bitcoin or information of Bitcoin you showing that the market is going down they will be on panic to sell their Bitcoin that is the time they make a loss on the process
that's why getting the basic knowledge of Bitcoin investment is important before getting started. Part of the reason why some people sell out their Bitcoin is that the price was coming down and they needed to push it out as fast as possible so it won't go further than it already it. The reason why such things still disturb some people is that they are still mixing Bitcoin and crypto to almost be in the same level and maybe because they've hard that some coin do gain value to some level and then goes to become valueless, they assume that such thing is possible with Bitcoin. As someone that has been in the system for a while and have done some personal research which has fed me with some basic fact, the bearish seasons aren't different from the bullish season for someone that's still in his accumilation stage. As long as you've not reached your target, every bearish season should be an opportunity to buy more and not to sell your already bought Bitcoin because of any fear of any sort. actually both of us is in the same direction of statement but the thing is that it is obvious that what makes some people to panic whenever they purchase a Bitcoin and the price continue to get low or get decreased after purchasing a Bitcoin is because there are afraid to lose what they have invested so based on the Lack the knowledge and the understanding of cryptocurrency investment the panic or the information can lead them to lose their investments, that is why I've been emphasizing that cryptocurrency investment is a something that based on research if you research and have a problem knowledge of Bitcoin I don't think that you will be able to panic whenever the price of Bitcoin is getting decreased in market after you purchased bitcoin already This Is an issue majorly faced by most newbies, feeling too relentless to know more about Bitcoin and Cryptocurrencies. If there is no knowledge about Bitcoin, they often will happen to believe tales and fallacies being spread out against the market. Bitcoin and it's volatility should have to be the basic knowledge known by newbies, instead a lot are too quick to know when and where to sell off their assets. Volatility has been right from the beginning and it's something the market can't do without, so we all need to get acquainted with it, instead of complaining and weak handedly wanting to sell off, we should kick off a good purchasing power instead.
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avp2306
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June 21, 2024, 11:28:38 PM |
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This is a concern for investors that when they want to invest in the market, don't just choose any token, they must understand the potential of the token they are investing in, and if they don't want to take risks, it's better to choose safe options like bitcoin, ethereum, or other popular coins. Because these popular coins have a cycle and if investors are patient they can sell at a better price.
In this part, you sound confused. Fuck shitcoins, including ethereum and other coins you are trying to suggest to be similar to bitcoin. There is no need to get involved with various shitcoins, and there is no need to also pump ethereum (or other "popular" coins) as if their being popular brings them to the same (or to any kind of a similar level) as bitcoin. When folks talk about bitcoin and other coins as if they were similar things or they try to create some kind of hierarchy, largely they seem to not understand what bitcoin is.. yes.. I understand the temptation in that direction.. and it seems so logical, especially when others are doing it.. but it surely lacks focus to be suggesting that bitcoin just happens to be the top of various shitcoins and so there is a supposed pecking order. .. Sad that a lot of people think that those shitcoin is appealing and they can get fast profit from this, that's why a lot of those people fall into trap then lose their money because of wrong expectation upon dealing those shitcons. If they just learn how to avoid it and go directly on bitcoin then provably that they can get more realistic gains rather than in stage of denial that they can gain and everything negative happening on the shitcoins they acquired is just temporary situation. They always point out that Ethereum will be the next bitcoin but does this event will really happen?. I guess people should stop discussing this kind of topic since this is far to happen then just focus only on bitcoin in this thread so that there's no confusion will come up on their mind that can possible bother their focus. Reason why a lot of newbies fall and didn't succeed on their investment its because they try their selves to involve on a lot of things which they can't really handle. If they just focus for bitcoin long term investment then sell this according to the plan they set then provably earning good result is possible to happen with them.
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Hallroom
Member
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Activity: 742
Merit: 21
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June 22, 2024, 04:52:25 AM |
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<...> people like instant selling after purchasing that also generate a loss when you have not understand the system of Bitcoin because there are some persons when the purchase Bitcoin due to the price of Bitcoin or information of Bitcoin you showing that the market is going down they will be on panic to sell their Bitcoin that is the time they make a loss on the process
that's why getting the basic knowledge of Bitcoin investment is important before getting started. Part of the reason why some people sell out their Bitcoin is that the price was coming down and they needed to push it out as fast as possible so it won't go further than it already it. The reason why such things still disturb some people is that they are still mixing Bitcoin and crypto to almost be in the same level and maybe because they've hard that some coin do gain value to some level and then goes to become valueless, they assume that such thing is possible with Bitcoin. As someone that has been in the system for a while and have done some personal research which has fed me with some basic fact, the bearish seasons aren't different from the bullish season for someone that's still in his accumilation stage. As long as you've not reached your target, every bearish season should be an opportunity to buy more and not to sell your already bought Bitcoin because of any fear of any sort. actually both of us is in the same direction of statement but the thing is that it is obvious that what makes some people to panic whenever they purchase a Bitcoin and the price continue to get low or get decreased after purchasing a Bitcoin is because there are afraid to lose what they have invested so based on the Lack the knowledge and the understanding of cryptocurrency investment the panic or the information can lead them to lose their investments, that is why I've been emphasizing that cryptocurrency investment is a something that based on research if you research and have a problem knowledge of Bitcoin I don't think that you will be able to panic whenever the price of Bitcoin is getting decreased in market after you purchased bitcoin already This Is an issue majorly faced by most newbies, feeling too relentless to know more about Bitcoin and Cryptocurrencies. If there is no knowledge about Bitcoin, they often will happen to believe tales and fallacies being spread out against the market. Bitcoin and it's volatility should have to be the basic knowledge known by newbies, instead a lot are too quick to know when and where to sell off their assets. Volatility has been right from the beginning and it's something the market can't do without, so we all need to get acquainted with it, instead of complaining and weak handedly wanting to sell off, we should kick off a good purchasing power instead. Usually determining purchasing power based on planning, you will never be able to do it if you don't plan properly. Because the better the plan, the more you can incentivize yourself to buy bitcoins. At present there are dips in the wider bitcoin market, so you should be cautious and buy dips to ensure success later on.
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AirtelBuzz
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June 22, 2024, 04:58:59 AM |
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[edited out]
If you are thinking of borrowing to invest then you should look further into yourself whether you can afford to do so or not. Borrowing for investment may be a good idea, but you should have alternative repayment arrangements that can be repaid within a short period of time. If you are thinking of repaying the loan through investment profits, it is better not to because you cannot predict the market conditions. But if your buying luck is good or if you get dips then the profit potential is high with repayment of your loan. One can question how rational it can be to invest with debt. But I can say from my personal opinion, investing with debt cannot be reasonable at all. Why would you invest with debt if you can pay off the debt in a short period of time after investing with debt? You can invest in self-financing a little later, when you have the money. Borrowing has some risky aspects. For example: after taking a loan, there is doubt about whether you can pay it back within a certain period of time, you may feel stress after taking a loan, you may have to repay the borrowed money before the time if the borrower is facing danger. When you invest with debt, you cannot create any kind of funds. Because, if you have the money to build the fund, you don't have to worry about borrowing money from anyone. What would you do if you were in danger? On the one hand, the thought of paying the debt, on the other hand, the thought of freeing oneself from danger. In such a situation you can think of withdrawing money from your investment. You may have suffered a loss then. Hence, the idea of investing with debt can become self-inflicted. Investing with loans is not a bad idea, but if the person taking the loan is aware, then the loan will not have any negative effects. Some people have enriched their investments with loans and today they are reaping the benefits of the investment. If a good investment plan is not taken with the loan, then the loan becomes a burden. I wouldn't say investing in Bitcoin with debt is bad because investing in Bitcoin with long-term debt has the potential for a good return. But of course the borrower needs to be able to repay the loan at regular rates so that they can invest in Bitcoin with no stress loan facility. Buying and holding Bitcoin in a bearish position can create an opportunity to make that money even in a short period of time. But to avoid the risk an investor needs to invest with a long term investment plan. Investing with debt is not a bad idea but when you invest with debt you have to remember that you can lose money from your investment because it is risky. So maybe many people will say to avoid investing with debt because if you invest with debt and even lose money from that investment then you will never be able to repay that debt. I would like to say that rather than investing with debt, invest as much as you can afford. If you have little money then start with little money and try to increase it gradually so that you don't get burdened with debt. @Rabata, if you suggest investing with debt you should remember that we invest in Bitcoin for the long term. Will the lender wait long time to get his loan back? No never. I am the complete opposite of investing with debt. I will invest according to my ability but not with debt.
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Tmoonz
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June 22, 2024, 02:03:55 PM Merited by JayJuanGee (1) |
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<...> people like instant selling after purchasing that also generate a loss when you have not understand the system of Bitcoin because there are some persons when the purchase Bitcoin due to the price of Bitcoin or information of Bitcoin you showing that the market is going down they will be on panic to sell their Bitcoin that is the time they make a loss on the process
that's why getting the basic knowledge of Bitcoin investment is important before getting started. Part of the reason why some people sell out their Bitcoin is that the price was coming down and they needed to push it out as fast as possible so it won't go further than it already it. The reason why such things still disturb some people is that they are still mixing Bitcoin and crypto to almost be in the same level and maybe because they've hard that some coin do gain value to some level and then goes to become valueless, they assume that such thing is possible with Bitcoin. As someone that has been in the system for a while and have done some personal research which has fed me with some basic fact, the bearish seasons aren't different from the bullish season for someone that's still in his accumilation stage. As long as you've not reached your target, every bearish season should be an opportunity to buy more and not to sell your already bought Bitcoin because of any fear of any sort. actually both of us is in the same direction of statement but the thing is that it is obvious that what makes some people to panic whenever they purchase a Bitcoin and the price continue to get low or get decreased after purchasing a Bitcoin is because there are afraid to lose what they have invested so based on the Lack the knowledge and the understanding of cryptocurrency investment the panic or the information can lead them to lose their investments, that is why I've been emphasizing that cryptocurrency investment is a something that based on research if you research and have a problem knowledge of Bitcoin I don't think that you will be able to panic whenever the price of Bitcoin is getting decreased in market after you purchased bitcoin already This Is an issue majorly faced by most newbies, feeling too relentless to know more about Bitcoin and Cryptocurrencies. If there is no knowledge about Bitcoin, they often will happen to believe tales and fallacies being spread out against the market. Bitcoin and it's volatility should have to be the basic knowledge known by newbies, instead a lot are too quick to know when and where to sell off their assets. Volatility has been right from the beginning and it's something the market can't do without, so we all need to get acquainted with it, instead of complaining and weak handedly wanting to sell off, we should kick off a good purchasing power instead. Usually determining purchasing power based on planning, you will never be able to do it if you don't plan properly. Because the better the plan, the more you can incentivize yourself to buy bitcoins. At present there are dips in the wider bitcoin market, so you should be cautious and buy dips to ensure success later on.That sounds more like trading strategy, the logic should be buy when the money is readily available for investment, accumulate Bitcoin as much as you can and hold for as long as 4 to 10 years or more of having a compounded value of your Bitcoin investment, yeah buying the dip give the opportunity of buying more Bitcoin with the amount of money compared with buying from its previous high, one can buy even at the peak price if the intention is to hold for long term and it doesn't make much of the difference with those buying at the dip. Buying at dip doesn't give any a guarantee of ensuring success because the market can as well dip further after buying hence purchase can be made with the DCA strategy irrespective of the price point either weekly or monthly which will make you to take advantage of various market conditions.
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Frankolala
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June 22, 2024, 02:48:01 PM Last edit: June 22, 2024, 05:46:55 PM by Frankolala Merited by JayJuanGee (1) |
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<...> people like instant selling after purchasing that also generate a loss when you have not understand the system of Bitcoin because there are some persons when the purchase Bitcoin due to the price of Bitcoin or information of Bitcoin you showing that the market is going down they will be on panic to sell their Bitcoin that is the time they make a loss on the process
that's why getting the basic knowledge of Bitcoin investment is important before getting started. Part of the reason why some people sell out their Bitcoin is that the price was coming down and they needed to push it out as fast as possible so it won't go further than it already it. The reason why such things still disturb some people is that they are still mixing Bitcoin and crypto to almost be in the same level and maybe because they've hard that some coin do gain value to some level and then goes to become valueless, they assume that such thing is possible with Bitcoin. As someone that has been in the system for a while and have done some personal research which has fed me with some basic fact, the bearish seasons aren't different from the bullish season for someone that's still in his accumilation stage. As long as you've not reached your target, every bearish season should be an opportunity to buy more and not to sell your already bought Bitcoin because of any fear of any sort. actually both of us is in the same direction of statement but the thing is that it is obvious that what makes some people to panic whenever they purchase a Bitcoin and the price continue to get low or get decreased after purchasing a Bitcoin is because there are afraid to lose what they have invested so based on the Lack the knowledge and the understanding of cryptocurrency investment the panic or the information can lead them to lose their investments, that is why I've been emphasizing that cryptocurrency investment is a something that based on research if you research and have a problem knowledge of Bitcoin I don't think that you will be able to panic whenever the price of Bitcoin is getting decreased in market after you purchased bitcoin already This Is an issue majorly faced by most newbies, feeling too relentless to know more about Bitcoin and Cryptocurrencies If
The above bolded statement is misleading, because newbies don't need to have any of shitcoins but bitcoin in other for them not to get distracted from their bitcoin investment accumulation journey. Shitcoins are temptation and a newbie with only the basic knowledge of bitcoin might want to try buying shitcoin because he wants to act smart in the market and that will make him lose concentration on his bitcoin investment. Investors that are not newbies don't need the knowledge of shitcoins too because they are unpredictable and have no direction and history in the market which you can use to speculate their prices because many that was created earlier did not survive the market. New coins created recently will not survive in future. Making it meaningless to search about shitcoin. Bitcoin is superior and any serious newbie who is ready to invest in bitcoin can achieve a good size of portfolio overtime if he use his discretionary income to invest in bitcoin buying weekly or monthly consistently, because bitcoin future is bright and will last long. Like JJG use to advice, if you must gamble with shitcoins let it be 10% of your portfolio and 90% in bitcoin.
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liasbaa
Member
Offline
Activity: 179
Merit: 54
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June 22, 2024, 04:35:25 PM |
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<...> people like instant selling after purchasing that also generate a loss when you have not understand the system of Bitcoin because there are some persons when the purchase Bitcoin due to the price of Bitcoin or information of Bitcoin you showing that the market is going down they will be on panic to sell their Bitcoin that is the time they make a loss on the process
that's why getting the basic knowledge of Bitcoin investment is important before getting started. Part of the reason why some people sell out their Bitcoin is that the price was coming down and they needed to push it out as fast as possible so it won't go further than it already it. The reason why such things still disturb some people is that they are still mixing Bitcoin and crypto to almost be in the same level and maybe because they've hard that some coin do gain value to some level and then goes to become valueless, they assume that such thing is possible with Bitcoin. As someone that has been in the system for a while and have done some personal research which has fed me with some basic fact, the bearish seasons aren't different from the bullish season for someone that's still in his accumilation stage. As long as you've not reached your target, every bearish season should be an opportunity to buy more and not to sell your already bought Bitcoin because of any fear of any sort. actually both of us is in the same direction of statement but the thing is that it is obvious that what makes some people to panic whenever they purchase a Bitcoin and the price continue to get low or get decreased after purchasing a Bitcoin is because there are afraid to lose what they have invested so based on the Lack the knowledge and the understanding of cryptocurrency investment the panic or the information can lead them to lose their investments, that is why I've been emphasizing that cryptocurrency investment is a something that based on research if you research and have a problem knowledge of Bitcoin I don't think that you will be able to panic whenever the price of Bitcoin is getting decreased in market after you purchased bitcoin already This Is an issue majorly faced by most newbies, feeling too relentless to know more about Bitcoin and Cryptocurrencies. If there is no knowledge about Bitcoin, they often will happen to believe tales and fallacies being spread out against the market. Bitcoin and it's volatility should have to be the basic knowledge known by newbies, instead a lot are too quick to know when and where to sell off their assets. Volatility has been right from the beginning and it's something the market can't do without, so we all need to get acquainted with it, instead of complaining and weak handedly wanting to sell off, we should kick off a good purchasing power instead. Usually determining purchasing power based on planning, you will never be able to do it if you don't plan properly. Because the better the plan, the more you can incentivize yourself to buy bitcoins. At present there are dips in the wider bitcoin market, so you should be cautious and buy dips to ensure success later on.That sounds more like trading strategy, the logic should be buy when the money is readily available for investment, accumulate Bitcoin as much as you can and hold for as long as 4 to 10 years or more of having a compounded value of your Bitcoin investment, yeah buying the dip give the opportunity of buying more Bitcoin with the amount of money compared with buying from its previous high, one can buy even at the peak price if the intention is to hold for long term and it doesn't make much of the difference with those buying at the dip. Buying at dip doesn't give any a guarantee of ensuring success because the market can as well dip further after buying hence purchase can be made with the DCA strategy irrespective of the price point either weekly or monthly which will make you to take advantage of various market conditions. Buying dips in line with time is an added advantage for investors to maximize profits Although Bitcoin can be a volatile and bearish price but it is short-lived which can be easily predicted by looking at the price history of the past few months. So in addition to managing DCA if you have enough cash, you can buy more bitcoins during dips or bearish periods which can increase your holding size in short time intervals. The amount of bitcoin deposits you make each month depends on how quickly you can own more stacks. Your bitcoin deposits tend to cycle and accumulate more to reach a point.
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promise444c5
Sr. Member
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Learning never stops!
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June 22, 2024, 05:39:24 PM |
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<...> people like instant selling after purchasing that also generate a loss when you have not understand the system of Bitcoin because there are some persons when the purchase Bitcoin due to the price of Bitcoin or information of Bitcoin you showing that the market is going down they will be on panic to sell their Bitcoin that is the time they make a loss on the process
that's why getting the basic knowledge of Bitcoin investment is important before getting started. Part of the reason why some people sell out their Bitcoin is that the price was coming down and they needed to push it out as fast as possible so it won't go further than it already it. The reason why such things still disturb some people is that they are still mixing Bitcoin and crypto to almost be in the same level and maybe because they've hard that some coin do gain value to some level and then goes to become valueless, they assume that such thing is possible with Bitcoin. As someone that has been in the system for a while and have done some personal research which has fed me with some basic fact, the bearish seasons aren't different from the bullish season for someone that's still in his accumilation stage. As long as you've not reached your target, every bearish season should be an opportunity to buy more and not to sell your already bought Bitcoin because of any fear of any sort. actually both of us is in the same direction of statement but the thing is that it is obvious that what makes some people to panic whenever they purchase a Bitcoin and the price continue to get low or get decreased after purchasing a Bitcoin is because there are afraid to lose what they have invested so based on the Lack the knowledge and the understanding of cryptocurrency investment the panic or the information can lead them to lose their investments, that is why I've been emphasizing that cryptocurrency investment is a something that based on research if you research and have a problem knowledge of Bitcoin I don't think that you will be able to panic whenever the price of Bitcoin is getting decreased in market after you purchased bitcoin already This Is an issue majorly faced by most newbies, feeling too relentless to know more about Bitcoin and Cryptocurrencies If The above bolded statement is misleading, because newbies don't need to have any of shitcoins but bitcoin in other for them not to get distracted from their bitcoin investment accumulation journey. Shitcoins are temptation and a newbie with only the basic knowledge of bitcoin might want to try buying shitcoin because he wants to act smart in the market and that will make him lose concentration on his bitcoin investment. Investors that are not newbies don't need the knowledge of shitcoins too because they are unpredictable and have no direction and history in the market which you can use to speculate their prices because many that was created earlier did not survive the market. New coins created recently will not survive in future. Making it meaningless to search about shitcoin. Bitcoin is superior and any serious newbie who is ready to invest in bitcoin can achieve a good size of portfolio overtime if he use his discretionary income to invest in bitcoin buying weekly or monthly consistently, because bitcoin future is bright and will last long. Like JJG use to advice, if you must gamble with shitcoins let it be 10% of your portfolio and 90% in bitcoin. No doubt he's used to advising that(because some investors are just too stubborn about tokens )but does it really matter for a beginner.... beginners might even see that as an excuse towards diversion and when they get rugged they become hopeless, just focusing on more accumulation should be the priority of a beginner. Can't find any bolded statement can you help with that , notice---you're making the repetition of the word shitcoin too much
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Jewan420
Full Member
Offline
Activity: 266
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Patience and hard work are the keys to success.
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June 22, 2024, 06:03:16 PM |
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<...> people like instant selling after purchasing that also generate a loss when you have not understand the system of Bitcoin because there are some persons when the purchase Bitcoin due to the price of Bitcoin or information of Bitcoin you showing that the market is going down they will be on panic to sell their Bitcoin that is the time they make a loss on the process
that's why getting the basic knowledge of Bitcoin investment is important before getting started. Part of the reason why some people sell out their Bitcoin is that the price was coming down and they needed to push it out as fast as possible so it won't go further than it already it. The reason why such things still disturb some people is that they are still mixing Bitcoin and crypto to almost be in the same level and maybe because they've hard that some coin do gain value to some level and then goes to become valueless, they assume that such thing is possible with Bitcoin. As someone that has been in the system for a while and have done some personal research which has fed me with some basic fact, the bearish seasons aren't different from the bullish season for someone that's still in his accumilation stage. As long as you've not reached your target, every bearish season should be an opportunity to buy more and not to sell your already bought Bitcoin because of any fear of any sort. actually both of us is in the same direction of statement but the thing is that it is obvious that what makes some people to panic whenever they purchase a Bitcoin and the price continue to get low or get decreased after purchasing a Bitcoin is because there are afraid to lose what they have invested so based on the Lack the knowledge and the understanding of cryptocurrency investment the panic or the information can lead them to lose their investments, that is why I've been emphasizing that cryptocurrency investment is a something that based on research if you research and have a problem knowledge of Bitcoin I don't think that you will be able to panic whenever the price of Bitcoin is getting decreased in market after you purchased bitcoin already This Is an issue majorly faced by most newbies, feeling too relentless to know more about Bitcoin and Cryptocurrencies If
The above bolded statement is misleading, because newbies don't need to have any of shitcoins but bitcoin in other for them not to get distracted from their bitcoin investment accumulation journey. Shitcoins are temptation and a newbie with only the basic knowledge of bitcoin might want to try buying shitcoin because he wants to act smart in the market and that will make him lose concentration on his bitcoin investment. Investors that are not newbies don't need the knowledge of shitcoins too because they are unpredictable and have no direction and history in the market which you can use to speculate their prices because many that was created earlier did not survive the market. New coins created recently will not survive in future. Making it meaningless to search about shitcoin. Bitcoin is superior and any serious newbie who is ready to invest in bitcoin can achieve a good size of portfolio overtime if he use his discretionary income to invest in bitcoin buying weekly or monthly consistently, because bitcoin future is bright and will last long. Like JJG use to advice, if you must gamble with shitcoins let it be 10% of your portfolio and 90% in bitcoin. As a consultant one should never give such advice so that newbies get lured into Shitcoins. Because, whose Even those with the slightest knowledge of the altcoin market know that the value of Shitcoin is not stable. Its value may drop to a low level at any time and may not have any presence in the future. It is almost impossible to recover the value of Shitcoin. In this respect, Bitcoin is very prosperous. Even if the value of Bitcoin goes up and down, its value never goes down and the value recovery is very easy to see. So if you advise someone to invest in Shitcoin then you can definitely give him another advice, fill your portfolio with 80%-90% Bitcoin and 10%-20% Shitcoin.
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JoyMarsha
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June 22, 2024, 07:11:13 PM |
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This is a concern for investors that when they want to invest in the market, don't just choose any token, they must understand the potential of the token they are investing in, and if they don't want to take risks, it's better to choose safe options like bitcoin, ethereum, or other popular coins. Because these popular coins have a cycle and if investors are patient they can sell at a better price.
In this part, you sound confused. Fuck shitcoins, including ethereum and other coins you are trying to suggest to be similar to bitcoin. Anyone in his or her right sense wouldn't compare Bitcoin with altcoin because there are no similarities in both. Bitcoin has always stood out to be legit, unique and the world's most trusted and known crypto coin than every other altcoin we know of. I pity those who are deceived by altcoin investment, believing that altcoin is best for them to give them many profits in a short time, and in the same vein, they can operate or be like bitcoin. Forgetting that those altcoins that have tried to be like bitcoin end up losing track because they are centralized to be controlled by their owners or get rug pulled while bitcoin remains decentralized and not to be controlled by anyone even the government
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Furious 7
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June 22, 2024, 07:28:35 PM |
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[edited out]
If you are thinking of borrowing to invest then you should look further into yourself whether you can afford to do so or not. Borrowing for investment may be a good idea, but you should have alternative repayment arrangements that can be repaid within a short period of time. If you are thinking of repaying the loan through investment profits, it is better not to because you cannot predict the market conditions. But if your buying luck is good or if you get dips then the profit potential is high with repayment of your loan. In fact, I don't recommend borrowing because in the end, when you start borrowing to invest and looking for alternatives to repay in a short time, it will make you confused in terms of organizing your financial management. Investing by borrowing at the beginning if it is not accompanied by readiness in the matter of capital and good financial management it can actually be one of the problems that you cannot control for your finances because after all we cannot force the will in investment even though there are some situations that allow you to be aggressive but in this case I think it can interfere with your finances especially if the economy you have is not in good condition then indeed never do something like this. Investment is ultimately to make yourself comfortable for the future or old age that we have and even though it takes sacrifice when we are still productive in earning money but that does not mean we have to make as if the investment made must risk everything and even have to go into debt because in fact it doesn't have to be like that.
Investing requires you to make sacrifices which are money futures and arrange it in such a way that long term holding gives at least 2-3 times profit. You can build up your holdings by depositing bitcoins. Today's hard-earned bitcoins to come full circle before old age sets in. Simultaneously, after one circle is completed, another and then another thus increasing the size of your holdings. As long as the productivity of your own money is maintained, you will have to make sacrifices to grow your Bitcoin stash. Holding. I dont have a problem when you say you have to make sacrifices when investing because after all waiting and holding our portopolio is clearly a difficult situation and indeed it is a form of sacrifice that we do for the old age that we hope for in financial freedom but in the end in this case we also have to have good planning and good financial management so that When borrowing has a greater impact than the economc upheaval you have then why force yourself to do it because the focus is so that we are not burdened with investments made and can still continue to be comfortable with the current economy which is increasingly difficult due to inflation that occurs then to make that happen every step in the plan must be carefully thought out .
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Mate2237
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June 22, 2024, 08:32:30 PM |
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As for me it is not good to buy! buy!! buy!!! And sell! sell!! sell!!! And it is good to balance the equation by buying and hodling for the time goal you have set to sell. You can set a DCA method to buy and set a long term goal for the investment so that you know what you are doing. Many people came to this cryptocurrency investment business without any plan or goals and they are just investing when they have money and that is a wrong investment plan but at least let the person plan well and if possible have a particular year which will like to sell his coins.
And you need to be calculative to buy and as I said it is good to buy at the dip. And since you will involve in the long term investment then don't borrow to buy bitcoin because the person gives you loan might not wait for that long so you have to use your personal money to invest so that you can wait for any length.
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Fara Chan
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June 23, 2024, 11:31:51 AM |
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As a consultant one should never give such advice so that newbies get lured into Shitcoins. Because, whose Even those with the slightest knowledge of the altcoin market know that the value of Shitcoin is not stable. Its value may drop to a low level at any time and may not have any presence in the future. It is almost impossible to recover the value of Shitcoin. In this respect, Bitcoin is very prosperous. Even if the value of Bitcoin goes up and down, its value never goes down and the value recovery is very easy to see. So if you advise someone to invest in Shitcoin then you can definitely give him another advice, fill your portfolio with 80%-90% Bitcoin and 10%-20% Shitcoin.
It would be even better if the entire portfolio was in Bitcoin and there were no Shitcoins in it because any Shitcoin is not suitable to be placed in our portfolio as investors. Bitcoin is the only asset that is worth investing in and keeping well in everyone's portfolio, but if there is a desire to own any Shitcoin, of course it is not for the long term or only temporarily. Because Shitcoin is not suitable to be kept in the long term and is not suitable to be used as a good investment in everyone's life and for those of you who already know that Bitcoin can bring prosperity, of course ignoring Shitcoin will not harm you.
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OrangeII
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June 23, 2024, 01:00:26 PM |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after. What's your take on this? Given the period we're in is it buy time or sell time?
it all depends on the type of coin being held. If it is a popular coin and belongs to my portfolio, then when the price goes down, then it could be my opportunity to add value to the asset, especially if it is a coin like Bitcoin, Ethereum, BNB, and others. However, if it is a coin that is not that attractive, I will probably sell it when the price is good enough, or continue to decline to stop a deep loss.
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Frankolala
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June 23, 2024, 01:31:56 PM Last edit: June 23, 2024, 01:48:40 PM by Frankolala |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after. What's your take on this? Given the period we're in is it buy time or sell time?
it all depends on the type of coin being held. If it is a popular coin and belongs to my portfolio, then when the price goes down, then it could be my opportunity to add value to the asset, especially if it is a coin like Bitcoin, Ethereum, BNB, and others. However, if it is a coin that is not that attractive, I will probably sell it when the price is good enough, or continue to decline to stop a deep loss. Apart from bitcoin, other coins are shitcoins and might not last long in the market. I don't know why folks are so attracted to shitcoins that is inferior to bitcoin. It is better to only invest in bitcoin and hodli for long, because it has a great potential and history has proven it. Investing in shitcoin is gambling and comes with a very big risk of running at loss. Having a long term investment mentality, bitcoin can give one financial independence when you invest for a long period of time because it gives you the opportunity to build your wealth overtime. Shitcoin is a distraction and that is why new investors who are still in their accumulation phase should ignore it so that it will not lead them to regret and loss. Shitcoin should be for short-term gains which is trading and not for investment because they are not relaibal since the dev can rug pull you anytime.
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Ruttoshi
Sr. Member
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Baba God Noni
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June 23, 2024, 01:52:42 PM Last edit: June 23, 2024, 02:06:25 PM by Ruttoshi |
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And you need to be calculative to buy and as I said it is good to buy at the dip. And since you will involve in the long term investment then don't borrow to buy bitcoin because the person gives you loan might not wait for that long so you have to use your personal money to invest so that you can wait for any length.
Now is the best time to buy bitcoin and there is no need to be calculative with the market because no one can predict the price movement of bitcoin when the dip will come. This is why a new beginner that is starting his bitcoin journey should buy right away when he has the money, so that he will not miss out the opportunity that is the market. For example, we have experienced a little dip, if you want to keep waiting and not buying now, then you might end up not buying at all because no one can know the bottom line of the dip. This is why investing with DCA weekly or monthly consistently and persistently is good because you will be buying bitcoin and the dip and the bull market which will help you achieve more bitcoin to your portfolio. What a new investor should calculate is how much of his discretionary income that he can use to buy bitcoin with ease and how much he will use to build his emergency funds, in other to balance his financial life. It is unethical for a new investor to borrow money or take a loan to invest in bitcoin because the only way to invest in bitcoin to be successful is when you use part of your discretionary income which is an amount that you can afford to lose so that you can hodli with patience for a long-term, no matter the price fluctuation of bitcoin. Whoever borrows money to invest will sell at panic if bitcoin price dips below his entry point because he will panic that he wants to lose all his capital. Also your loan will be serviced overtime which will add more problems to your financial life.
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| | . Duelbits | │ | | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | ██████████████████████████████████████████████████████ . PLAY NOW . ██████████████████████████████████████████████████████ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | |
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Ricardo11
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June 23, 2024, 04:30:15 PM |
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And you need to be calculative to buy and as I said it is good to buy at the dip. And since you will involve in the long term investment then don't borrow to buy bitcoin because the person gives you loan might not wait for that long so you have to use your personal money to invest so that you can wait for any length.
Now is the best time to buy bitcoin and there is no need to be calculative with the market because no one can predict the price movement of bitcoin when the dip will come. This is why a new beginner that is starting his bitcoin journey should buy right away when he has the money, so that he will not miss out the opportunity that is the market. For example, we have experienced a little dip, if you want to keep waiting and not buying now, then you might end up not buying at all because no one can know the bottom line of the dip. This is why investing with DCA weekly or monthly consistently and persistently is good because you will be buying bitcoin and the dip and the bull market which will help you achieve more bitcoin to your portfolio. What a new investor should calculate is how much of his discretionary income that he can use to buy bitcoin with ease and how much he will use to build his emergency funds, in other to balance his financial life. It is unethical for a new investor to borrow money or take a loan to invest in bitcoin because the only way to invest in bitcoin to be successful is when you use part of your discretionary income which is an amount that you can afford to lose so that you can hodli with patience for a long-term, no matter the price fluctuation of bitcoin. Whoever borrows money to invest will sell at panic if bitcoin price dips below his entry point because he will panic that he wants to lose all his capital. Also your loan will be serviced overtime which will add more problems to your financial life. Currently the price of Bitcoin has dropped quite a bit, it is currently at 64K. This dumping has created panic in the minds of many. But we should not panic at this moment and move towards buying more. Because Bitcoin is dumping right now, we can expect good things from here when it changes back to pumping. And that requires buying more at low prices, which is now the best time to do so. Because now the price of Bitcoin is very low, if we buy it now, our profit rate will be much higher in the future. So buy Dip as much as you can according to your income. And continue to invest regularly weekly or monthly in the DCA method. And continue to hold that the portfolio does not meet your expectations.
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JayJuanGee
Legendary
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Activity: 3906
Merit: 11190
Self-Custody is a right. Say no to"Non-custodial"
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June 23, 2024, 07:39:11 PM |
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[edited out]
Usually determining purchasing power based on planning, you will never be able to do it if you don't plan properly. Because the better the plan, the more you can incentivize yourself to buy bitcoins. At present there are dips in the wider bitcoin market, so you should be cautious and buy dips to ensure success later on.These are a bit strange ideas regarding concentrating on how any of us might be more profitable to buy the dip, and sure I don't have any problem with the idea of being able to buy more bitcoin with the same amount of money, and so if we are in the stage of BTC accumulating, maybe over time if we are strategizing our regular buys of bitcoin to try to buy on dips rather than merely buying whenever we have the money coming in, sure maybe we will be able to increase our bitcoin stash by 10% or so.. but in the whole scheme of things it may not be easy to measure the extent to which we might be becoming more profitable by buying the dip instead of just regularly buying.. . So in some sense getting obsessed about whether you might have bought some BTC cheaper causes me to consider that you might be distracted by the short-term dollar values of your stash and your desires to turn over some quick profits in dollars so that you can buy yourself some kind of a treat..... so maybe there is nothing wrong with that, except that it is likely a bit short-sighted when it comes to something so valuable like bitcoin that many folks likely end up selling too many of their BTC too soon and/or fucking around with trying to trade (gamble with) their bitcoin rather than just stacking sats at no matter the price and not getting too concerned about if they may or may not be 5% or 10% more in profits in the short term, since it may well not matter 10-15 years down the road if you might have 1.8 BTC that you bought at an average of $90k per BTC or 2.5 BTC that you bought at an average of $100k each.... and maybe the more important thing is actually accumulating more BTC rather than getting too worked up about the cost.. or maybe if you spent time fucking around with trading you end up with less BTC... even though you might be able to get 10% or more profits because your costs per BTC end up being less.. even though sure, I am not opposed to getting more BTC or having lower costs per BTC.. just opposed to the mindset that monitors such short term profits in seemingly trading kind of ways... when it may well take 10-15 years or longer for many folks (especially newbies to bitcoin and/or investing) to build their bitcoin and/or their overall investment stash. [edited out]
Investing with debt is not a bad idea but when you invest with debt you have to remember that you can lose money from your investment because it is risky. You might have to figure out a way to separate out the two ideas.. the use of debt is one thing. The investment into something volatile and/or risky is another thing. So maybe many people will say to avoid investing with debt because if you invest with debt and even lose money from that investment then you will never be able to repay that debt.
Some people will say? Are you saying that? Losing money from the investment does not necessarily relieve you from the obligation to pay the debt, unless the debt and the investment are somehow connected and maybe the lender knows that he ONLY gets his money back if you make money on your investment.. That sounds dumb when put like that since lenders are not going to want to lend if they find out that the only way that they get paid is if your gambling pays off. I would like to say that rather than investing with debt, invest as much as you can afford. If you have little money then start with little money and try to increase it gradually so that you don't get burdened with debt.
That is a good suggestion. You can invest into bitcoin over time, with whatever extra money that you have and build your investment into bitcoin, so then you do not have to enter into something like bitcoin with a lump sum.. so that is one of the advantages of investing into something like bitcoin where you should be able to figure out ways to invest within your budget and small amounts over time rather than lump summing into it... and yeah, if you are able to lump sum into bitcoin, you can do that too, but some folks do not have options to lump sum invest, but yeah, with bitcoin lump sum investing is not necessary. @Rabata, if you suggest investing with debt you should remember that we invest in Bitcoin for the long term. Will the lender wait long time to get his loan back? No never.
This also makes little sense AirtelBuzz.. Do you even know how loans work? There might be some lenders who are willing to tie their pay back to the timeline that you believe that you need it, but they likely are going to have their terms and expect to get paid no matter how your investment does... you can pay back in payments or perhaps in a lump sum, and so the terms of the loan can be negotiated and such terms might include the need for collateral or the loan could be uncollateralized. I am the complete opposite of investing with debt. I will invest according to my ability but not with debt.
The use of debt is a more advanced way of investing, as compared with regular investing without the use of debt, so it may well not be necessary and the debt adds more risk and/or leverage.. that may or may not be justifiable. Each person needs to consider his own situation in order to figure out the extent to which debt might be helpful to his investment into bitcoin. Your earlier suggestion about building your way up in your investment is a good one, and loans may or may not be helpful, yet I agree with you that there is value in building up investments and even learning about basics prior to employing more advanced techniques and many times the more advanced techniques are not even necessary, and they may well end up unnecessarily bringing additional risks and costs to an other wise great investment such as bitcoin. Just think about in the last 9 years, bitcoin has been one of the best (and probably the best) investment that people could have had made, yet some people still managed to either lose money or to not make as much money as others, and truly in the past 9 years it would not have had been necessary to use leverage or loans or anything like that. In the last 9 years, merely investing $50 per week would have resulted in $23,500 invested and nearly 12.5 BTC accumulated... so that surely would not be a bad place to be. Like JJG use to advice, if you must gamble with shitcoins let it be 10% of your portfolio and 90% in bitcoin.
Probably better to clarify that I recommend against investing into shitcoins, so I will say that if a person has little to no abilities to control his temptations to gamble with shitcoins, then at least he should limit his investment to no more than 10% of the size of his bitcoin investment (and without cheating too)... So yeah, there may well be folks who might be saved by following that kind of advice to limit their shitcoin exposure, and/or that kind of advice might help to put them into a better mindset to attempt to overwhelmingly stay focused on bitcoin.. so in the end they still do what they like but they put a decently sized limit on their involvement with shitcoins and/or gambling. So if you advise someone to invest in Shitcoin then you can definitely give him another advice, fill your portfolio with 80%-90% Bitcoin and 10%-20% Shitcoin.
I doubt it is a good idea to advise anyone to invest into shitcoins, so instead to suggest that if they cannot resist but to get involved in some shitcoins, then to limit there investment to no more than 10% of their bitcoin size.. so yeah.. 10%-20% would be way too high, and probably even 10% would be too high, but at least 10% is the max and is not going over the max. Once a person is involved in shitcoins, there could be questions about what to do if either the shitcoin grows faster than bitcoin (in the short term) or if bitcoin grows faster than the shitcoin.. .. I have no problem with the idea of letting investments run, and then figuring out how to deal with them in terms of there might be some point that reallocation might seem justified.. and another thing is that maybe if bitcoin is growing faster than the shitcoin, but the person still might be in bitcoin accumulation phases and then if the bitcoin investment is $9k at the start and there is an allowance for the shitcoins to receive $1k, but then maybe after 6 months the bitcoin is $12k and the shitcoin is still at $1k.. and maybe if the person is investing $100 per week, he might still invest $90 per week into bitcoin and $10 per week into the shitcoin(s).. but yeah, there would be discretion regarding how to deal with these kinds of situations, and surely from my point of view, any kinds of errors should be on the side of protecting the bitcoin investment.. but still guys might get tempted into other kinds of resolutions that might border on gambling and may or may not end up working out positively (profitable) for them... but yeah, each of us has to make these balances for ourselves and take responsibility over our execution of our choices.
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Rabata
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June 23, 2024, 10:33:19 PM |
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As a consultant one should never give such advice so that newbies get lured into Shitcoins. Because, whose Even those with the slightest knowledge of the altcoin market know that the value of Shitcoin is not stable. Its value may drop to a low level at any time and may not have any presence in the future. It is almost impossible to recover the value of Shitcoin. In this respect, Bitcoin is very prosperous. Even if the value of Bitcoin goes up and down, its value never goes down and the value recovery is very easy to see. So if you advise someone to invest in Shitcoin then you can definitely give him another advice, fill your portfolio with 80%-90% Bitcoin and 10%-20% Shitcoin.
Investing in shitcoins can never be a suitable investment as an alternative to investing in Bitcoin. I think people who are investing in Shitcoins can be confused about investing in Bitcoins for many reasons. Suppose a person invests $100 in bitcoin and holds $20 in shitcoins. For some reason, if he gets more profit from investing in shitcoins, he will try to convert his bitcoins into shitcoins. At some point when the shitcoins become worthless, he will regret moving the investment away from Bitcoin. Shitcoin investing is like a form of gambling where investing can earn you a decent amount if luck is good otherwise there is a high chance of losing. But if held, Bitcoin can turn into an asset in the long run.
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