Buy Buy Buy or Sell Sell Sell?

[Solokan]

It is natural for a new investor to panic when he sees a fall in the market. But a person who can use this fall without panicking can be expected to overcome all obstacles and profit from the investment. Continue to buy aggressively without panicking during the fall If someone does not have enough money to buy aggressively, then continue to buy continuously and not be too scared when they see the fall.

it is true that it is natural for new investors to panic sell their btc when the btc price drops, and usually they sell their btc and continue to buy it back when the btc price has fallen deeper than the price when they sold it. but of course in my opinion doing this is very risky because of course we can't necessarily buy it back as expected. and of course usually people who panic sell are usually those who intend to invest in the short term. but in my opinion it would be better to just hold it if the btc price drops because of course investing in btc will not be possible to lose if it is for the long term.

yes of course for people who can take advantage of the decline in btc of course they will have great potential to get profit by buying it and of course for people who can hold btc will also have the potential not to experience loss as long as they can hold it until they can get big profit.

Source: Binance

currently the btc price is falling and of course we shouldn't be afraid and of course very lucky for those who are doing dca at today's price. yes even though buying btc does not look at the btc price, of course if you buy btc today there are certainly more benefits. spirit for those who dca. 

[G_Besar]

it is true that it is natural for new investors to panic sell their btc when the btc price drops, and usually they sell their btc and continue to buy it back when the btc price has fallen deeper than the price when they sold it. but of course in my opinion doing this is very risky because of course we can't necessarily buy it back as expected. and of course usually people who panic sell are usually those who intend to invest in the short term. but in my opinion it would be better to just hold it if the btc price drops because of course investing in btc will not be possible to lose if it is for the long term.

yes of course for people who can take advantage of the decline in btc of course they will have great potential to get profit by buying it and of course for people who can hold btc will also have the potential not to experience loss as long as they can hold it until they can get big profit.

Source: Binance

currently the btc price is falling and of course we shouldn't be afraid and of course very lucky for those who are doing dca at today's price. yes even though buying btc does not look at the btc price, of course if you buy btc today there are certainly more benefits. spirit for those who dca. 

For beginners who do not understand this and panic selling is a mistake that will be regretted later, but the positive side is that what has happened is a valuable lesson in an investment that they will make in the future.

Overall, we can see how someone can panic sell even though the price correction that occurs is not that deep and the graph from the last few months also shows an increase without a drastic decrease, so there is no reason for those of us who already understand this to panic sell, in fact this is the right time to buy again to add assets to the portfolio or hold on to what is there.

For long-term investment, I think no matter how much Bitcoin costs, we don't need to care, we only need to focus on the strategy we use to collect Bitcoin, but for short-term investment or taking profits in a short period of time with a worthy risk, I think entering now when the Bitcoin price is slightly corrected is the right step.

[Proty]

[edited out]

It's not everyone that invest in shitcoin knows that it's not a good investment. Some new investors don't male research or are being misled by other shitcoiners to invest in shitcoin that it will be the next bitcoin. I was once a victim of investing in shitcoin in my early days in the cryptospace but as time passes on after a big loss, I didn't give up but continued  with my research till I found bitcoin and my worries ended.

However, diversifying into shitcoin isn't the best after you have reached your over accumulation stage, because shitcoin is in the same line with bitcoin and bitcoin controls their prices as the one and only unique cryptocurrency. If you must diversify, it should be into a different asset entirely like bond, stock, shares, equity and cash equivalents. The reason for diversifying is to have other asset to put your funds into for more confidence, so that if one is not doing well, the other can make a balance.

The idea behind diversifying is to attempt to have assets that are not correlated to each other, and many of us recognize that shitcoins are dependant upon bitcoin for their performance, which means that they are correlated to bitcoin, even if many of the shitcoin proponents claim that shitcoins are not correlated to bitcoin.. They many times will claim that they are better than bitcoin, yet they are lying in their various talking points including their claims of the non-correlation between bitcoin and shitcoins.

So then anyone who invests into shitcoins for the purpose of diversifying should be asking themselves what are they getting by putting value into shitcoins, since they are correlated, that means that perhaps more volatility and more risk is added onto just investing into bitcoin.. and bitcoin does tend to out perform shitcoins, even though surely there can be short periods of times in which shitcoins will perform better than bitcoin.

Definitely it will be a very wrong idea for a bitcoin investors to diversify their portfolio into shitcoin since bitcoin and shitcoin are correlated.so I think it will be very crucial for an investor that wants to diversify their portfolio to have a good understanding of what correlation is as this will help them to make a good decision in terms of diversifying their portfolios.


Bitcoin and shitcoin are correlated in the sense that whenever there is an uptrend in the price of bitcoin some shitcoin often follow suits and also when there is a downward trend.A bitcoin investors that wants to diversify his portfolio should look for other investments that are not correlated to bitcoin like real estate etc else they will end up exposing their portfolio to more risk instead of protecting it from risk which is the reason for diversification.

[Barikui1]

[edited out]

It's not everyone that invest in shitcoin knows that it's not a good investment. Some new investors don't male research or are being misled by other shitcoiners to invest in shitcoin that it will be the next bitcoin. I was once a victim of investing in shitcoin in my early days in the cryptospace but as time passes on after a big loss, I didn't give up but continued  with my research till I found bitcoin and my worries ended.

However, diversifying into shitcoin isn't the best after you have reached your over accumulation stage, because shitcoin is in the same line with bitcoin and bitcoin controls their prices as the one and only unique cryptocurrency. If you must diversify, it should be into a different asset entirely like bond, stock, shares, equity and cash equivalents. The reason for diversifying is to have other asset to put your funds into for more confidence, so that if one is not doing well, the other can make a balance.

The idea behind diversifying is to attempt to have assets that are not correlated to each other, and many of us recognize that shitcoins are dependant upon bitcoin for their performance, which means that they are correlated to bitcoin, even if many of the shitcoin proponents claim that shitcoins are not correlated to bitcoin.. They many times will claim that they are better than bitcoin, yet they are lying in their various talking points including their claims of the non-correlation between bitcoin and shitcoins.

So then anyone who invests into shitcoins for the purpose of diversifying should be asking themselves what are they getting by putting value into shitcoins, since they are correlated, that means that perhaps more volatility and more risk is added onto just investing into bitcoin.. and bitcoin does tend to out perform shitcoins, even though surely there can be short periods of times in which shitcoins will perform better than bitcoin.

Bitcoin and shitcoin are correlated in the sense that whenever there is an uptrend in the price of bitcoin some shitcoin often follow suits and also when there is a downward trend.A bitcoin investors that wants to diversify his portfolio should look for other investments that are not correlated to bitcoin like real estate etc else they will end up exposing their portfolio to more risk instead of protecting it from risk which is the reason for diversification.

I still wonder why some folks will be talking about diversification in this digital space when we all know that Bitcoin is second to none or I will say it has no substitute, because aside Bitcoin their is no other coin that is as trustworthy as Bitcoin, we can say that we just want to use a penny and gamble on alt or shit coin, but that's not diversification, it's gambling.
If we are actually talking about diversification then we should be talking of diversifying into land, gold or real estate, even though they are not as profitable as Bitcoin on the longer run, but that's what we call diversification, not getting involved in shit coin and be calling that diversification.

[AbuBhakar]

I have a bitter experience in this regard. Before learning about Bitcoin, I invested in shit coins and my losses were very high. I held a few shits and had high expectations from them. But over time, I had to lose that investment. In the long run, I only regretted it. If I had invested in Bitcoin for a long time, my wealth would have increased over time and I could have been more optimistic in the future. But I was able to change my situation a little late. I now believe that only Bitcoin is the best. Whatever its value is, if it can be kept under one's control and accumulated according to the ability it is definitely possible to achieve financial success in the long run. If DCA is followed for accumulating Bitcoin, then anyone can expect big returns in the long run.

I have a similar story as you in that I also invested into a lot of shitcoins when I started, some during their ICO stages and others in exchanges already where they were reading and being hyped by scammers and those ignorant of the scheme. I lost miserably and whenever I look at my wallet and see those worthless shotcoins, I still feel bad.

Joining this forum and following the advise of experienced people like JayJuanGee changed the game for me because I'm now only in Bitcoin with no regards for whatever the shitcoins out there does. Bitcoin is just the way to go and those who will diligently accumulate Bitcoin and hold will be handsomely rewarded in the future.

Almost Everyone has had such a sad and tempting experience, most investors were initially interested in such shitcoins hoping to get more profit, where they invest their hard-earned money and in the end get only disappointment as a result, but they have understood the right thing over time and are currently holding Bitcoin because they are interested in Bitcoin. But what is even more sad is that at present all new investors are making such wrong decisions, the mistake that old investors made at first, new investors are currently making the same mistake, current new investors are becoming interested in shitcoins as an investment to get rich overnight, at this moment they should try to understand the right thing, shitcoins will never give anything good, Rather, whatever you invest here, after some time it will disappear, so if you don't want to lose money to this scam, you must choose the right investment and only Bitcoin is the right investment as a long-term investment.

Investing in shitcoins is not a mistake I consider that as an error because most of them, if not all of them knew that investing in shitcoins can be very tragic most times and the reason why I said most times is because over the years we have experience more losses than profit. Moreover, shitcoins can give profit no doubt but it is very rare I mean it doesn't happen or occur frequently and so the best thing to do is to avoid anything shitcoins unless maybe an investor has gotten to an overaccumulation stage and then wants to diversify and I still don't consider that as a good option instead the money an investor want to use and diversify in..., can still be used to be accumulating more Bitcoin.

Even if you realize that you were more wrong than you should have been in chasing shitcoins, you are still far from success and you still regret not investing in bitcoin at the right time. Shitcoins will be a bad investment if you are chasing short-term profits. If you can walk slowly along the road to making Bitcoin, it can be satisfying for you in the long run. Yes, I agree with you that shitcoins can give profits but it is not a sustainable profitable investment. If you consider the of Bitcoin investment, it is a satisfactory investment and a separate satisfaction in you.

We must avoid shit if we want to create such a peace of mind among ourselves and spread bitcoin investment along the way. The mistake that most shitcoiners have been drowning themselves in for years is actually a confusing experience. If you review it for more deeply, it may seem to you that most of them are wandering around in the same price situation for long. Day after day, Bitcoin has become the best investment and a store of value.

That is often the mistake of newbies. They want quick profit from crypto so they dive into shitcoins immediately. Not knowing its risk and how volatile it is many times than bitcoin, they lose their money as fast as the chart candlesticks move.

If you're new into crypto, bitcoin is the most safest asset to invest. If you don't want to worry if it's value will depreciate in the future, bitcoin is your best choice. Buy and accumulate as much as you can for your future. It's value will never go to zero as long as blockchain exists. I've only experienced 2 bull cycle so far and I can't believe it's possible for bitcoin to increase that much. The $1m speculation I always read can really be attainable since countries acknowledging bitcoin as their reserve is contnuously growing.

[Taskford]

Even if you realize that you were more wrong than you should have been in chasing shitcoins, you are still far from success and you still regret not investing in bitcoin at the right time. Shitcoins will be a bad investment if you are chasing short-term profits. If you can walk slowly along the road to making Bitcoin, it can be satisfying for you in the long run. Yes, I agree with you that shitcoins can give profits but it is not a sustainable profitable investment. If you consider the of Bitcoin investment, it is a satisfactory investment and a separate satisfaction in you.

We must avoid shit if we want to create such a peace of mind among ourselves and spread bitcoin investment along the way. The mistake that most shitcoiners have been drowning themselves in for years is actually a confusing experience. If you review it for more deeply, it may seem to you that most of them are wandering around in the same price situation for long. Day after day, Bitcoin has become the best investment and a store of value.

That is often the mistake of newbies. They want quick profit from crypto so they dive into shitcoins immediately. Not knowing its risk and how volatile it is many times than bitcoin, they lose their money as fast as the chart candlesticks move.

If you're new into crypto, bitcoin is the most safest asset to invest. If you don't want to worry if it's value will depreciate in the future, bitcoin is your best choice. Buy and accumulate as much as you can for your future. It's value will never go to zero as long as blockchain exists. I've only experienced 2 bull cycle so far and I can't believe it's possible for bitcoin to increase that much. The $1m speculation I always read can really be attainable since countries acknowledging bitcoin as their reserve is contnuously growing.

Common mistake made by them which can easily corrected. Since if they want quick profit from those things meaning there's huge chance that they might quickly lose their money to.

Also better for them to discourage their selves for trading crypto because for sure that they won't get sustainable profit from it. We know market is risky and lacking of knowledge about dealing with volatile coins is very dangerous for them.

That's why its better for them to just engage dealing with Bitcoin for long term investment because for sure that this type of investment is very newbie friendly since they could just buy and HODL Bitcoin without worrying those pumps and dumps happening in the market.

Also for sure they can learn lots of things about how to handle well their emotions especially if they try to learn more about Bitcoin and what suitable strategy to use to make their long term HODL sustainable and later on became successful.

[Derekfunds]

[edited out]

It's not everyone that invest in shitcoin knows that it's not a good investment. Some new investors don't male research or are being misled by other shitcoiners to invest in shitcoin that it will be the next bitcoin. I was once a victim of investing in shitcoin in my early days in the cryptospace but as time passes on after a big loss, I didn't give up but continued  with my research till I found bitcoin and my worries ended.

However, diversifying into shitcoin isn't the best after you have reached your over accumulation stage, because shitcoin is in the same line with bitcoin and bitcoin controls their prices as the one and only unique cryptocurrency. If you must diversify, it should be into a different asset entirely like bond, stock, shares, equity and cash equivalents. The reason for diversifying is to have other asset to put your funds into for more confidence, so that if one is not doing well, the other can make a balance.

The idea behind diversifying is to attempt to have assets that are not correlated to each other, and many of us recognize that shitcoins are dependant upon bitcoin for their performance, which means that they are correlated to bitcoin, even if many of the shitcoin proponents claim that shitcoins are not correlated to bitcoin.. They many times will claim that they are better than bitcoin, yet they are lying in their various talking points including their claims of the non-correlation between bitcoin and shitcoins.

So then anyone who invests into shitcoins for the purpose of diversifying should be asking themselves what are they getting by putting value into shitcoins, since they are correlated, that means that perhaps more volatility and more risk is added onto just investing into bitcoin.. and bitcoin does tend to out perform shitcoins, even though surely there can be short periods of times in which shitcoins will perform better than bitcoin.

I have been thinking about it but you just made it clear to me now because how would someone invest on something that still depend on something they have already (Bitcoin) it doesn't too make sense because even the shitcoins they are diversifying into doesn't even have one quarter of Bitcoin potential because when diversifying we should look for something that have great potential almost as that of Bitcoin. Yes there are period we see shitcoins doing well while Bitcoin will somehow be in constant state but we should know that this case or situation doesn't happen often ( once in a blue moon).

[Spaceman1000$]

[edited out]

It's not everyone that invest in shitcoin knows that it's not a good investment. Some new investors don't male research or are being misled by other shitcoiners to invest in shitcoin that it will be the next bitcoin. I was once a victim of investing in shitcoin in my early days in the cryptospace but as time passes on after a big loss, I didn't give up but continued  with my research till I found bitcoin and my worries ended.

However, diversifying into shitcoin isn't the best after you have reached your over accumulation stage, because shitcoin is in the same line with bitcoin and bitcoin controls their prices as the one and only unique cryptocurrency. If you must diversify, it should be into a different asset entirely like bond, stock, shares, equity and cash equivalents. The reason for diversifying is to have other asset to put your funds into for more confidence, so that if one is not doing well, the other can make a balance.

The idea behind diversifying is to attempt to have assets that are not correlated to each other, and many of us recognize that shitcoins are dependant upon bitcoin for their performance, which means that they are correlated to bitcoin, even if many of the shitcoin proponents claim that shitcoins are not correlated to bitcoin.. They many times will claim that they are better than bitcoin, yet they are lying in their various talking points including their claims of the non-correlation between bitcoin and shitcoins.

So then anyone who invests into shitcoins for the purpose of diversifying should be asking themselves what are they getting by putting value into shitcoins, since they are correlated, that means that perhaps more volatility and more risk is added onto just investing into bitcoin.. and bitcoin does tend to out perform shitcoins, even though surely there can be short periods of times in which shitcoins will perform better than bitcoin.

I have been thinking about it but you just made it clear to me now because how would someone invest on something that still depend on something they have already (Bitcoin) it doesn't too make sense because even the shitcoins they are diversifying into doesn't even have one quarter of Bitcoin potential because when diversifying we should look for something that have great potential almost as that of Bitcoin. Yes there are period we see shitcoins doing well while Bitcoin will somehow be in constant state but we should know that this case or situation doesn't happen often ( once in a blue moon).

The level of preparedness and awareness campaign that is been done whenever this shitcoins are been launched is very loud, for a newbie or somebody that is not well grounded on cryptocurrency or the advantages of Bitcoin specifically will just fall a victim without knowing, because they will certainly brainwash you with moonlight stories of how their coin will grow and in a short while, you will get back your ROI.

And that is why threads like this have been existing in the forum to educate newbies and people that really don't have knowledge on cryptocurrency that shitcoins no matter how glamorous in the beginning or at a certain point in time they may look, they are just like a ticking time bomb. One of the major pull of attraction they use to catch newbies is that, they make it look like a quick fix to get back your investment in no distant time, but for any rational human being that thinks knows that investment takes time to yield value and that is what bitcoin gives.

[Jostern]

[edited out]

It's not everyone that invest in shitcoin knows that it's not a good investment. Some new investors don't male research or are being misled by other shitcoiners to invest in shitcoin that it will be the next bitcoin. I was once a victim of investing in shitcoin in my early days in the cryptospace but as time passes on after a big loss, I didn't give up but continued  with my research till I found bitcoin and my worries ended.

However, diversifying into shitcoin isn't the best after you have reached your over accumulation stage, because shitcoin is in the same line with bitcoin and bitcoin controls their prices as the one and only unique cryptocurrency. If you must diversify, it should be into a different asset entirely like bond, stock, shares, equity and cash equivalents. The reason for diversifying is to have other asset to put your funds into for more confidence, so that if one is not doing well, the other can make a balance.

The idea behind diversifying is to attempt to have assets that are not correlated to each other, and many of us recognize that shitcoins are dependant upon bitcoin for their performance, which means that they are correlated to bitcoin, even if many of the shitcoin proponents claim that shitcoins are not correlated to bitcoin.. They many times will claim that they are better than bitcoin, yet they are lying in their various talking points including their claims of the non-correlation between bitcoin and shitcoins.

So then anyone who invests into shitcoins for the purpose of diversifying should be asking themselves what are they getting by putting value into shitcoins, since they are correlated, that means that perhaps more volatility and more risk is added onto just investing into bitcoin.. and bitcoin does tend to out perform shitcoins, even though surely there can be short periods of times in which shitcoins will perform better than bitcoin.

I have been thinking about it but you just made it clear to me now because how would someone invest on something that still depend on something they have already (Bitcoin) it doesn't too make sense because even the shitcoins they are diversifying into doesn't even have one quarter of Bitcoin potential because when diversifying we should look for something that have great potential almost as that of Bitcoin. Yes there are period we see shitcoins doing well while Bitcoin will somehow be in constant state but we should know that this case or situation doesn't happen often ( once in a blue moon).

You’re right, att some point I’m just wondering why someone who have been investing in Bitcoin and knows what Bitcoin entails and still would be talking about diversification into shitcoin in this space, Talking about anything Shitcoin how to give Shitcoins a platform here is totally not impressive and unacceptable here, come to think of it it’s obvious that other altcoins and shitcoin rely on Bitcoin, and making statements about Shitcoins here would probably be misleading the newbies here considering that we’re here to learn everyday. Shitcoins have no values and it should be discouraged to mislead people in that sense. I think people who come up with this idea are just people who are interested in short term plan and are desperate for quick fixes. The risk involved in shitcoins is higher, but if

[Silikiem]

[edited out]

It's not everyone that invest in shitcoin knows that it's not a good investment. Some new investors don't male research or are being misled by other shitcoiners to invest in shitcoin that it will be the next bitcoin. I was once a victim of investing in shitcoin in my early days in the cryptospace but as time passes on after a big loss, I didn't give up but continued  with my research till I found bitcoin and my worries ended.

However, diversifying into shitcoin isn't the best after you have reached your over accumulation stage, because shitcoin is in the same line with bitcoin and bitcoin controls their prices as the one and only unique cryptocurrency. If you must diversify, it should be into a different asset entirely like bond, stock, shares, equity and cash equivalents. The reason for diversifying is to have other asset to put your funds into for more confidence, so that if one is not doing well, the other can make a balance.

The idea behind diversifying is to attempt to have assets that are not correlated to each other, and many of us recognize that shitcoins are dependant upon bitcoin for their performance, which means that they are correlated to bitcoin, even if many of the shitcoin proponents claim that shitcoins are not correlated to bitcoin.. They many times will claim that they are better than bitcoin, yet they are lying in their various talking points including their claims of the non-correlation between bitcoin and shitcoins.

So then anyone who invests into shitcoins for the purpose of diversifying should be asking themselves what are they getting by putting value into shitcoins, since they are correlated, that means that perhaps more volatility and more risk is added onto just investing into bitcoin.. and bitcoin does tend to out perform shitcoins, even though surely there can be short periods of times in which shitcoins will perform better than bitcoin.

Yes, it’s a foolish move for any bitcoin holder or investor to even have to think of diversifying into shitcoins, because in the first place that is not what diversification is meant to be in the sense that you are still stucked at doing the same thing and even doing it at a more higher risk of losses. In as much as diversification doesn’t eliminate risk totally, but it can help to manage the risks, but here in this aspect you as a bitcoin investor trying to bend into buying shitcoins, you’re increasing the risk instead of trying to manage it. And secondly these idea of investment is relative to each other which makes it no sense to be called diversification and even some of this shitcoins are dependent with the performance of bitcoins. It’s not a bad idea trying to diversify as a bitcoin investor, but when doing so, you need to do it in a different market entirely or something more physical such as estate or land, production of goods etc.

[JayJuanGee]

[edited out]

It's not everyone that invest in shitcoin knows that it's not a good investment. Some new investors don't male research or are being misled by other shitcoiners to invest in shitcoin that it will be the next bitcoin. I was once a victim of investing in shitcoin in my early days in the cryptospace but as time passes on after a big loss, I didn't give up but continued  with my research till I found bitcoin and my worries ended.

However, diversifying into shitcoin isn't the best after you have reached your over accumulation stage, because shitcoin is in the same line with bitcoin and bitcoin controls their prices as the one and only unique cryptocurrency. If you must diversify, it should be into a different asset entirely like bond, stock, shares, equity and cash equivalents. The reason for diversifying is to have other asset to put your funds into for more confidence, so that if one is not doing well, the other can make a balance.

The idea behind diversifying is to attempt to have assets that are not correlated to each other, and many of us recognize that shitcoins are dependant upon bitcoin for their performance, which means that they are correlated to bitcoin, even if many of the shitcoin proponents claim that shitcoins are not correlated to bitcoin.. They many times will claim that they are better than bitcoin, yet they are lying in their various talking points including their claims of the non-correlation between bitcoin and shitcoins.

So then anyone who invests into shitcoins for the purpose of diversifying should be asking themselves what are they getting by putting value into shitcoins, since they are correlated, that means that perhaps more volatility and more risk is added onto just investing into bitcoin.. and bitcoin does tend to out perform shitcoins, even though surely there can be short periods of times in which shitcoins will perform better than bitcoin.

I have been thinking about it but you just made it clear to me now because how would someone invest on something that still depend on something they have already (Bitcoin) it doesn't too make sense because even the shitcoins they are diversifying into doesn't even have one quarter of Bitcoin potential because when diversifying we should look for something that have great potential almost as that of Bitcoin. Yes there are period we see shitcoins doing well while Bitcoin will somehow be in constant state but we should know that this case or situation doesn't happen often ( once in a blue moon).

Diversification is generally thought to preserve wealth rather than to grow wealth.. so frequently shitcoiners even get the idea wrong, since they are tending to throw a bunch of money at a variety of shitcoins and hoping that one of them will pump enough or more than enough to make up for their losses in the other ones.

Sure concentration in risky assets can frequently be thought of as a means to grow wealth, including bitcoin can be considered in such a light, even though many of us have come to realize that bitcoin is not as risky as it is made out to be, even though it is quite volatile and even inevitably volatile, which also may well be a characteristic of a growing asset.

I would just like to mention also that there are so many of the traditional assets (the non bitcoin assets) that are quite heavily correlated to the dollars performance, which largely shows that the crazy levels of our current debt and even debt irresponsibility has contributed to perversion of the various markets, including actual asset inflation that is artificially pumped up by the dollar and subsequently folks wanting to get into assets rather than holding their value in the dollar since they know that the dollar does not hold its value.. which causes them even more to pump up the value of various assets, including that bitcoin can also have quite a few relations to dollar liquidity, even though at the same time bitcoin has some fundamental aspects that are not so much able to be manipulated and giving it more solid growth fundamentals related to both its scarcity and its being fairly early in its adoption cycle..

So with some of bitcoin's attributes, it does not hurt to overallocate to bitcoin, even with realizations that bitcoin is likely to continue to appreciate more than other assets, even if there may also be attempts to reign bitcoin in and to manipulate bitcoin in similar ways that other assets have historically been manipulated.  Yet with bitcoin there remain some difficulties to manipulate it in terms of the ease in which it can be self-custodied, even while attacks of self-custody are underway.

[Tonimez]

Diversification is generally thought to preserve wealth rather than to grow wealth.. so frequently shitcoiners even get the idea wrong, since they are tending to throw a bunch of money at a variety of shitcoins and hoping that one of them will pump enough or more than enough to make up for their losses in the other ones.

Sure concentration in risky assets can frequently be thought of as a means to grow wealth, including bitcoin can be considered in such a light, even though many of us have come to realize that bitcoin is not as risky as it is made out to be, even though it is quite volatile and even inevitably volatile, which also may well be a characteristic of a growing asset.

I would just like to mention also that there are so many of the traditional assets (the non bitcoin assets) that are quite heavily correlated to the dollars performance, which largely shows that the crazy levels of our current debt and even debt irresponsibility has contributed to perversion of the various markets, including actual asset inflation that is artificially pumped up by the dollar and subsequently folks wanting to get into assets rather than holding their value in the dollar since they know that the dollar does not hold its value.. which causes them even more to pump up the value of various assets, including that bitcoin can also have quite a few relations to dollar liquidity, even though at the same time bitcoin has some fundamental aspects that are not so much able to be manipulated and giving it more solid growth fundamentals related to both its scarcity and its being fairly early in its adoption cycle..

So with some of bitcoin's attributes, it does not hurt to overallocate to bitcoin, even with realizations that bitcoin is likely to continue to appreciate more than other assets, even if there may also be attempts to reign bitcoin in and to manipulate bitcoin in similar ways that other assets have historically been manipulated.  Yet with bitcoin there remain some difficulties to manipulate it in terms of the ease in which it can be self-custodied, even while attacks of self-custody are underway.

Diversifying of funds in this context is a more risky adventure when it comes to bitcoin and shitcoins. Bitcoin is not second to any coins. Wealth sustenance is the best any son of a big man. How would a person gather up his hard earned money and choose to invest it where their money's security is not guaranteed.  Most shitcoins are so retrogressive that the moment you invest them, your failure starts and you can even wake up to nothing in your wallet. What if you loose what you feel is an over accumulation?

[I_Anime]

Diversification is generally thought to preserve wealth rather than to grow wealth.. so frequently shitcoiners even get the idea wrong, since they are tending to throw a bunch of money at a variety of shitcoins and hoping that one of them will pump enough or more than enough to make up for their losses in the other ones.

Sure concentration in risky assets can frequently be thought of as a means to grow wealth, including bitcoin can be considered in such a light, even though many of us have come to realize that bitcoin is not as risky as it is made out to be, even though it is quite volatile and even inevitably volatile, which also may well be a characteristic of a growing asset.

I would just like to mention also that there are so many of the traditional assets (the non bitcoin assets) that are quite heavily correlated to the dollars performance, which largely shows that the crazy levels of our current debt and even debt irresponsibility has contributed to perversion of the various markets, including actual asset inflation that is artificially pumped up by the dollar and subsequently folks wanting to get into assets rather than holding their value in the dollar since they know that the dollar does not hold its value.. which causes them even more to pump up the value of various assets, including that bitcoin can also have quite a few relations to dollar liquidity, even though at the same time bitcoin has some fundamental aspects that are not so much able to be manipulated and giving it more solid growth fundamentals related to both its scarcity and its being fairly early in its adoption cycle..

So with some of bitcoin's attributes, it does not hurt to overallocate to bitcoin, even with realizations that bitcoin is likely to continue to appreciate more than other assets, even if there may also be attempts to reign bitcoin in and to manipulate bitcoin in similar ways that other assets have historically been manipulated.  Yet with bitcoin there remain some difficulties to manipulate it in terms of the ease in which it can be self-custodied, even while attacks of self-custody are underway.

Diversifying of funds in this context is a more risky adventure when it comes to bitcoin and shitcoins. Bitcoin is not second to any coins. Wealth sustenance is the best any son of a big man. How would a person gather up his hard earned money and choose to invest it where their money's security is not guaranteed.  Most shitcoins are so retrogressive that the moment you invest them, your failure starts and you can even wake up to nothing in your wallet. What if you loose what you feel is an over accumulation?

Diversifying not actually bad , but always make sure you are making a the right choice when trying to figure out where to diversify your funds to . Like if you have gotten far in your bitcoin accumulation you can choose to diversify but to me is better to do that outside this space to be in a safer side because a lot of folks has been deceived with this popular saying “the coin have same potential with bitcoin “ and most time turn out to be shit After rug pulling I their investors .

So focus try and find a solid project you diversify on outside the crypto space that’s more assuring and safer too .

[sotelorene]

[edited out]

It's not everyone that invest in shitcoin knows that it's not a good investment. Some new investors don't male research or are being misled by other shitcoiners to invest in shitcoin that it will be the next bitcoin. I was once a victim of investing in shitcoin in my early days in the cryptospace but as time passes on after a big loss, I didn't give up but continued  with my research till I found bitcoin and my worries ended.

However, diversifying into shitcoin isn't the best after you have reached your over accumulation stage, because shitcoin is in the same line with bitcoin and bitcoin controls their prices as the one and only unique cryptocurrency. If you must diversify, it should be into a different asset entirely like bond, stock, shares, equity and cash equivalents. The reason for diversifying is to have other asset to put your funds into for more confidence, so that if one is not doing well, the other can make a balance.

The idea behind diversifying is to attempt to have assets that are not correlated to each other, and many of us recognize that shitcoins are dependant upon bitcoin for their performance, which means that they are correlated to bitcoin, even if many of the shitcoin proponents claim that shitcoins are not correlated to bitcoin.. They many times will claim that they are better than bitcoin, yet they are lying in their various talking points including their claims of the non-correlation between bitcoin and shitcoins.

So then anyone who invests into shitcoins for the purpose of diversifying should be asking themselves what are they getting by putting value into shitcoins, since they are correlated, that means that perhaps more volatility and more risk is added onto just investing into bitcoin.. and bitcoin does tend to out perform shitcoins, even though surely there can be short periods of times in which shitcoins will perform better than bitcoin.

Yes, it’s a foolish move for any bitcoin holder or investor to even have to think of diversifying into shitcoins, because in the first place that is not what diversification is meant to be in the sense that you are still stucked at doing the same thing and even doing it at a more higher risk of losses. In as much as diversification doesn’t eliminate risk totally, but it can help to manage the risks, but here in this aspect you as a bitcoin investor trying to bend into buying shitcoins, you’re increasing the risk instead of trying to manage it. And secondly these idea of investment is relative to each other which makes it no sense to be called diversification and even some of this shitcoins are dependent with the performance of bitcoins. It’s not a bad idea trying to diversify as a bitcoin investor, but when doing so, you need to do it in a different market entirely or something more physical such as estate or land, production of goods etc.

Diversifying into shitcoins doesn't necessarily mean that the person is foolish but sometimes it is due to misconception that is, what that particular person heard or what someone told them. There are people who has gotten the orientation that once they have gotten to overaccumulation stage in Bitcoin investment that they can diversify into shitcoins which is the misconception I'm talking about. To me I think diversification is more like another way of starting up another new investment that you have 70-80% assurance that it will do well and shitcoins should not be in the picture because the possibility of them doing well is not certain.

[ejikeme24]

[edited out]

It's not everyone that invest in shitcoin knows that it's not a good investment. Some new investors don't male research or are being misled by other shitcoiners to invest in shitcoin that it will be the next bitcoin. I was once a victim of investing in shitcoin in my early days in the cryptospace but as time passes on after a big loss, I didn't give up but continued  with my research till I found bitcoin and my worries ended.

However, diversifying into shitcoin isn't the best after you have reached your over accumulation stage, because shitcoin is in the same line with bitcoin and bitcoin controls their prices as the one and only unique cryptocurrency. If you must diversify, it should be into a different asset entirely like bond, stock, shares, equity and cash equivalents. The reason for diversifying is to have other asset to put your funds into for more confidence, so that if one is not doing well, the other can make a balance.

The idea behind diversifying is to attempt to have assets that are not correlated to each other, and many of us recognize that shitcoins are dependant upon bitcoin for their performance, which means that they are correlated to bitcoin, even if many of the shitcoin proponents claim that shitcoins are not correlated to bitcoin.. They many times will claim that they are better than bitcoin, yet they are lying in their various talking points including their claims of the non-correlation between bitcoin and shitcoins.

So then anyone who invests into shitcoins for the purpose of diversifying should be asking themselves what are they getting by putting value into shitcoins, since they are correlated, that means that perhaps more volatility and more risk is added onto just investing into bitcoin.. and bitcoin does tend to out perform shitcoins, even though surely there can be short periods of times in which shitcoins will perform better than bitcoin.

I have been thinking about it but you just made it clear to me now because how would someone invest on something that still depend on something they have already (Bitcoin) it doesn't too make sense because even the shitcoins they are diversifying into doesn't even have one quarter of Bitcoin potential because when diversifying we should look for something that have great potential almost as that of Bitcoin. Yes there are period we see shitcoins doing well while Bitcoin will somehow be in constant state but we should know that this case or situation doesn't happen often ( once in a blue moon).

Diversification is generally thought to preserve wealth rather than to grow wealth.. so frequently shitcoiners even get the idea wrong, since they are tending to throw a bunch of money at a variety of shitcoins and hoping that one of them will pump enough or more than enough to make up for their losses in the other ones.

You know most people only think the positive side and never bother to think about the native side, just imagine throwing a bunch of money into shitcoins which our chance of getting profited from this coin is very slim yet guys won't consider this fact as a result of being so inquisitive of making profit within a short term. I agree with you on the fact that diversification is general, but not when it has to do with shitcoin as it is not included in my list, so I will rather diversify into other business that I'm sure of getting profited after I most have build my bitcoin portfolio to  my own satisfaction.

[Sonia_123]

[edited out]

It's not everyone that invest in shitcoin knows that it's not a good investment. Some new investors don't male research or are being misled by other shitcoiners to invest in shitcoin that it will be the next bitcoin. I was once a victim of investing in shitcoin in my early days in the cryptospace but as time passes on after a big loss, I didn't give up but continued  with my research till I found bitcoin and my worries ended.

However, diversifying into shitcoin isn't the best after you have reached your over accumulation stage, because shitcoin is in the same line with bitcoin and bitcoin controls their prices as the one and only unique cryptocurrency. If you must diversify, it should be into a different asset entirely like bond, stock, shares, equity and cash equivalents. The reason for diversifying is to have other asset to put your funds into for more confidence, so that if one is not doing well, the other can make a balance.

The idea behind diversifying is to attempt to have assets that are not correlated to each other, and many of us recognize that shitcoins are dependant upon bitcoin for their performance, which means that they are correlated to bitcoin, even if many of the shitcoin proponents claim that shitcoins are not correlated to bitcoin.. They many times will claim that they are better than bitcoin, yet they are lying in their various talking points including their claims of the non-correlation between bitcoin and shitcoins.

So then anyone who invests into shitcoins for the purpose of diversifying should be asking themselves what are they getting by putting value into shitcoins, since they are correlated, that means that perhaps more volatility and more risk is added onto just investing into bitcoin.. and bitcoin does tend to out perform shitcoins, even though surely there can be short periods of times in which shitcoins will perform better than bitcoin.

Yes, it’s a foolish move for any bitcoin holder or investor to even have to think of diversifying into shitcoins, because in the first place that is not what diversification is meant to be in the sense that you are still stucked at doing the same thing and even doing it at a more higher risk of losses. In as much as diversification doesn’t eliminate risk totally, but it can help to manage the risks, but here in this aspect you as a bitcoin investor trying to bend into buying shitcoins, you’re increasing the risk instead of trying to manage it. And secondly these idea of investment is relative to each other which makes it no sense to be called diversification and even some of this shitcoins are dependent with the performance of bitcoins. It’s not a bad idea trying to diversify as a bitcoin investor, but when doing so, you need to do it in a different market entirely or something more physical such as estate or land, production of goods etc.

Shitcoin is not worthy to diversify into at all, it's just a waste of resources, it only gives you heart break, I see no reason why one will want to into shitcoin that has nothing to offer instead why not stick into accumulation of Bitcoin more to your portfolio with that amount you will rather use for shitcoin, or if it's a must, you can set up a business where you can be deriving your profit from gradually, since no business/invest is more profitable like Bitcoin now than losing your money to a valueless and worthless shitcoin.

The shitcoinners are only trying their best to see if they would be able to convince people to accept that shitcoin is profitable, which I see as a mistake to those that invested in them because as soon as they are aware of the difference between shitcoin and Bitcoin, they will definitely dump shitcoin for Bitcoin .

[Cossyblack]

If you are really able to limit your exposure to shitcoins to 20% or less the size of your bitcoin investment (or the amount that you put into bitcoin) without cheating, the that is likely going to save you from losing too much, yet there are not too many folks who can limit their shitcoin exposure, and I frequently recommend no more than 10% exposure to shitcoins, yet if you can be strict with yourself in regards to the 20%, then it could be reasonable, even though it is a higher percentage than what I would recommend.  I personally have less than 1% of the size of my bitcoin investment in shitcoins.

My younger brother was a big shitcoiner and he was happy and glad keeping and buying these shitcoins. When I traveled back to visit him, I saw his deep involvement in them and I asked him if he has bitcoin, he said just little amount but he has more of shitcoin. I laughed at him and told him the difference between bitcoin and shitcoin, he doubted. After a month, I went to him again then bitcoin price was pumping, he got frustrated and told me that his portfolio reduced and the price is still falling.

I laughed at him again, and told him that he is holding a valueless tokens. He believed and accepted immediately. Instantly, I told him if he has funds, he can buy bitcoin, he did as I advised him and now he was smiling to me last week that his bitcoin investment is growing. I laughed and looked at him that he hasn't seen anything yet, he should just keep on buying weekly and in future he will understand. Bitcoin is a good asset and no coiner and lower coiner should stay focus in building and growing their bitcoin portfolio for the future.

I agree with what JayJuanGee said, limiting our exposure to shitcoins will definitely help our investment and lessen the losses. 20% is fair enough but I also would recommend lower than that to play it safer but it is all based on our individual risk tolerance though. Anything higher than 20% is not ideal at all if you must invest in altcoins.

I can only imagine myself gambling with only 5% of my discretionary income on alt and meme coin because it's an amount am willing to lose easily, though some desperate and ignorant investor invest heavily on alt and shit coin alike but it's mostly three things that will make them do that, which is misinformation, uninformation or greed, without this three things, their is no way and invest will invest heavily in alt and shit coin, but nevertheless, I believe that the best approach to it is by investing like 95% of my discretionary income on Bitcoin, then the remaining 5% I might decide to gamble with it with alt or meme coin, that's my own way , when considering gambling on alt or meme.

Most Alt & memecoins are highly impressionable and holds little or no value,investing 5% of your discretional income on shitcoins that produces little value is just another means of wasting money,because why investing  your hard-earned money on an asset that lack credibility, more especially when you know it won't be profitable to you on the long run. I understand it's your funds and you have the right to disburse it according to the way you want but I feel money should be properly channel/invested on projects worth producing adequate profits and not the other way round. I believe Investing your remaining 5% of your discretional income into your Bitcoin investment will add additional value to your funds and portfolio than putting it on shitcoins.

[edited out]

It's not everyone that invest in shitcoin knows that it's not a good investment. Some new investors don't male research or are being misled by other shitcoiners to invest in shitcoin that it will be the next bitcoin. I was once a victim of investing in shitcoin in my early days in the cryptospace but as time passes on after a big loss, I didn't give up but continued  with my research till I found bitcoin and my worries ended.

Most shitcoins we see on the market are over hype to attract investors. I understand how you feel after loosing your money on shitcoins as I believe it was a mistakes and will remain an unforgettable experience. People that have tasted the corrosive nature of shitcoin only understand how bitter it is from the inside. I still don understand why some shitcoiners will even think of comparing shitcoins to Bitcoin. Bitcoin has no close rival in the crypto space and have proven itself as the best performing asset over the years. If you ask me to choose Bitcoin over other coins,I would choose Bitcoin over and over again. I understand it's their choice to decide where to invest and I hold nothing against that,but going extreme by comparing Bitcoin to shitcoins is totally outrageous.

[Futurexxx]

Shitcoin is not worthy to diversify into at all, it's just a waste of resources, it only gives you heart break, I see no reason why one will want to into shitcoin that has nothing to offer instead why not stick into accumulation of Bitcoin more to your portfolio with that amount you will rather use for shitcoin, or if it's a must, you can set up a business where you can be deriving your profit from gradually, since no business/invest is more profitable like Bitcoin now than losing your money to a valueless and worthless shitcoin.

The shitcoinners are only trying their best to see if they would be able to convince people to accept that shitcoin is profitable, which I see as a mistake to those that invested in them because as soon as they are aware of the difference between shitcoin and Bitcoin, they will definitely dump shitcoin for Bitcoin .

Shit coin are not meant to be invest in, it's mostly made for gambling purpose, it's most ignorance and greed that usually makes Investors dive into it thinking that they can milk something good out of it, not knowing that it's a Parth that leads to significant losses.
I have never seen alt or meme coin as something you invest in, I mostly sees them as something you just decide to risk a few box in, Just like gambling to look if you can make something out of it, aside that it's very unwise to see it as a means of making money on the longer run, because they falls more than they rise.

[Jostern]

It is natural for a new investor to panic when he sees a fall in the market. But a person who can use this fall without panicking can be expected to overcome all obstacles and profit from the investment. Continue to buy aggressively without panicking during the fall If someone does not have enough money to buy aggressively, then continue to buy continuously and not be too scared when they see the fall.

it is true that it is natural for new investors to panic sell their btc when the btc price drops, and usually they sell their btc and continue to buy it back when the btc price has fallen deeper than the price when they sold it. but of course in my opinion doing this is very risky because of course we can't necessarily buy it back as expected. and of course usually people who panic sell are usually those who intend to invest in the short term. but in my opinion it would be better to just hold it if the btc price drops because of course investing in btc will not be possible to lose if it is for the long term.

yes of course for people who can take advantage of the decline in btc of course they will have great potential to get profit by buying it and of course for people who can hold btc will also have the potential not to experience loss as long as they can hold it until they can get big profit.

Source: Binance

currently the btc price is falling and of course we shouldn't be afraid and of course very lucky for those who are doing dca at today's price. yes even though buying btc does not look at the btc price, of course if you buy btc today there are certainly more benefits. spirit for those who dca. 

Someone who panic sell there bitcoin because of a dip is definitely making a mistake, because when there is a dip in the price of bitcoin it presents an opportunity for us to accumulate more with a different and more convenient price as well, but I most say it is more common with someone who is new into bitcoin, or probably doesn’t have a little basic knowledge to panic sell at this point in time, and they never knew about accumulating and to hold for a long term it also makes it sound like people who are interested in short term profit and sell.
I think it is not always good to keep emphasizing on making profit because there is no guarantee with that, instead we should invest and continue to accumulate and hold for a longer term.

[Marvelockg]

It is natural for a new investor to panic when he sees a fall in the market. But a person who can use this fall without panicking can be expected to overcome all obstacles and profit from the investment. Continue to buy aggressively without panicking during the fall If someone does not have enough money to buy aggressively, then continue to buy continuously and not be too scared when they see the fall.

it is true that it is natural for new investors to panic sell their btc when the btc price drops, and usually they sell their btc and continue to buy it back when the btc price has fallen deeper than the price when they sold it. but of course in my opinion doing this is very risky because of course we can't necessarily buy it back as expected. and of course usually people who panic sell are usually those who intend to invest in the short term. but in my opinion it would be better to just hold it if the btc price drops because of course investing in btc will not be possible to lose if it is for the long term.

yes of course for people who can take advantage of the decline in btc of course they will have great potential to get profit by buying it and of course for people who can hold btc will also have the potential not to experience loss as long as they can hold it until they can get big profit.

Source: Binance

currently the btc price is falling and of course we shouldn't be afraid and of course very lucky for those who are doing dca at today's price. yes even though buying btc does not look at the btc price, of course if you buy btc today there are certainly more benefits. spirit for those who dca. 

Someone who panic sell there bitcoin because of a dip is definitely making a mistake, because when there is a dip in the price of bitcoin it presents an opportunity for us to accumulate more with a different and more convenient price as well, but I most say it is more common with someone who is new into bitcoin, or probably doesn’t have a little basic knowledge to panic sell at this point in time, and they never knew about accumulating and to hold for a long term it also makes it sound like people who are interested in short term profit and sell.
I think it is not always good to keep emphasizing on making profit because there is no guarantee with that, instead we should invest and continue to accumulate and hold for a longer term.

The question is, how long have you stayed as an investor to become too bothered about what is being termed as a DIP? Is $106k a DIP in the first place?

The least of an intentional investor should be working on building his bitcoin stack for at least a single circle and after the completion of the circle, the option of selling or continuous accumulation can then set in and if that's the case that you've been accumulating bitcoin right from four years back, then seeing bitcoin get anywhere above $100k should have placed you at an huge profit rather than a loss and certainly, you would have bought a lot of bitcoin at prices that are way below what it currently is now.

Depending on how far we can stay invested, whatever is happening now will be relatively insignificant if bitcoin continues this bullish rally. Imagine that you're just getting started in your bitcoin investment and hopes to continue doing so for a period of at least four years, there's an high chance that we will get to $200k or above before that time which will mean that wether we bought bitcoin below $100k or above, we still bought it at a relatively modest price.