Buy Buy Buy or Sell Sell Sell?

[laijsica]

On the other hand, those who think about holding it for the long term are very prudent because they try to become financially independent. Real investors attach more importance to fundamental analysis, do not believe in any kind of emotions or rumors in the market. They invest with a long-term perspective, because it takes time to acquire real wealth.

I think those that started the accumulating journey when they're at the age of 22 are the set of people that need to be considered being prudent, because they know that is through bitcoin investment that they can be able to gain financial independent in the future. I feel that bitcoin investment is one of the best way in which one can gain independent in the futture by ongoingly buying of bitcoin, probably before a guy will get to the age of 40 then he must have stack enough bitcoin in his portfolio, with this if there's any challenges that may arise in the future he won't be finding it hard to deal with it. Aside from this there are other problems that bitcoin can solve for us in the future, this is why we shouldn't be looking into trading, as trading will never solve any problem for use in the future.

22 years is the shining age for every guys, although many may not be able to earn at that time. Some of them may be spending their study period involved in Bitcoin accumulation they are actually lucky. We often talk about financial freedom, mainly most investors consider it in terms of profitability and getting profit, but I think financial freedom has a broader meaning, such as if you have a decent Bitcoin holdings you are free to sell at any time but it gives you profit but the price target should be broader such as more savings for the next generation. Accumulation Bitcoin continuity with the growth of real assets, this is basically financial freedom. The reality is that we are mostly not aware of the right time to invest because of the maturity of age yet investors who have passed the young age should realize that Bitcoin is still passing its young age.

[BlackBoss_]

Bitcoin can't be compared to any kind of shitcoins and no shitcoin can be like Bitcoin, so if anyone is telling you that a particular shitcoin has same ability with Bitcoin just know is a lie don't be deceived.

Bitcoin does not need to compare with altcoins/ shitcoins but the opposite hilarious fact is altcoins / shitcoins try to make comparisons with Bitcoin for noisy and annoying sayings like "It's a Bitcoin killer", "It's a perfect alternative for Bitcoin" and the likes.

The painful fact behind such sayings is it's purely attempts of shitcoin founders to make noise and scam people with money. They want to get money from victims or get bitcoin from victims who are naively, inexperienced enough to believe in such unrealistic markerkting sayings.

Dead coins: How many cryptocurrencies have failed?

[ChocolateBitcoinK]

On the other hand, those who think about holding it for the long term are very prudent because they try to become financially independent. Real investors attach more importance to fundamental analysis, do not believe in any kind of emotions or rumors in the market. They invest with a long-term perspective, because it takes time to acquire real wealth.

I think those that started the accumulating journey when they're at the age of 22 are the set of people that need to be considered being prudent, because they know that is through bitcoin investment that they can be able to gain financial independent in the future. I feel that bitcoin investment is one of the best way in which one can gain independent in the futture by ongoingly buying of bitcoin, probably before a guy will get to the age of 40 then he must have stack enough bitcoin in his portfolio, with this if there's any challenges that may arise in the future he won't be finding it hard to deal with it. Aside from this there are other problems that bitcoin can solve for us in the future, this is why we shouldn't be looking into trading, as trading will never solve any problem for use in the future.

22 years is the shining age for every guys, although many may not be able to earn at that time. Some of them may be spending their study period involved in Bitcoin accumulation they are actually lucky. We often talk about financial freedom, mainly most investors consider it in terms of profitability and getting profit, but I think financial freedom has a broader meaning, such as if you have a decent Bitcoin holdings you are free to sell at any time but it gives you profit but the price target should be broader such as more savings for the next generation. Accumulation Bitcoin continuity with the growth of real assets, this is basically financial freedom. The reality is that we are mostly not aware of the right time to invest because of the maturity of age yet investors who have passed the young age should realize that Bitcoin is still passing its young age.

Those who are in the age group of 20 to 22, if someone can accumulate Bitcoin from this age, then he is going to have a golden complexion in the future, with age, people start to weaken in terms of their working capacity, you are working now but you cannot work for the rest of your life, at some point you must retire, but what after that? If you do not create a financial foundation in time?

Yes, most of the guys at this age cannot earn, but there are also those who are working from this age, and I am especially telling them that if they can create a mindset of holding Bitcoin for the long term from this age, then they will be able to hold Bitcoin for 20 to 25 years without any obstacles, because this is the beginning of their age, and if they can hold Bitcoin from the beginning to the end, then in the future they can achieve something from Bitcoin that they never imagined.

However, Bitcoin is open to everyone, regardless of your situation or age, if you have a strong source of income, you should definitely make a long-term investment decision. Bitcoin has a bright future and it has always given people the most effective results in the long run.

[Lembo69]

Bitcoin is always the best currency to invest in. If you invest in Bitcoin now, you will forget about that investment for some time after the investment. And only keep an eye on bitcoin price when it crosses 100k, because we all know and believe that bitcoin price will definitely go above 100k. If you look at the Bitcoin price chart for the last few days, you can see that the price of Bitcoin has increased amazingly in the last few days. So you invest and hold without panicking. And never think to selling.

Even if one tends to sell, it depends on how much they must've accumulated and hold overtime. Though there have been some misconceptions about investing in bitcoin and some other coins but just so they know Bitcoin is the way out and moreso the price of Bitcoin will always change and at such affect the market trends.so no need to panic while buying and don't sell loss cause of some panic attacks of the price change.

You have spoken well. Self-correction in Bitcoin investment is a hot topic. The main reason why many people lose confidence in controlling market movements is because they are not able to control themselves properly. Bitcoin is a long-term investment. It is important to keep this in mind. It turns out that the price of Bitcoin suddenly reached $200K or $300K, so you cannot decide to sell. You must wait for one or two cycles to pass. If you cannot hold Bitcoin for two cycles, then you will be deprived of the real taste of Bitcoin. Do not panic, but invest regularly with patience and also arrange to hold alternative funds to solve your current problems.

There are many investors who decide to sell their investments even after getting a small profit from their invested money. In my opinion, they are not investors. They are traders. The first thing an investor does is to be patient. And to hold the investment for at least 2 cycles from the cycle in which he is investing. If someone sells the investment after getting a small profit from it, then he has nothing to do but regret it later. The longer you hold your investment, the more profitable you will be.

No investor ever wants his money to go to waste. So they decide to sell the investment in panic due to excitement, they think that their money may be lost. But if he can immediately decide to hold his mind firmly, then he will be able to profit.

[Proty]

they say when Bitcoin increases in price that the particular shitcoin will also increase in price this is a lie and nothing put manipulation

Bitcoin is correlated to some crypto currency that is while it is not advisable to diversify our portfolio into any assets that is correlated to bitcoin. Let's assume you want to diversify your portfolio in bitcoin into some other assets, then you decided to choose Ethereum this wrong since Ethereum is correlated to bitcoin. Early today morning bitcoin was around $101k and Ethereum was around $20300. So if you watch the price of bitcoin and Ethereum you will observe that the two coin are correlated.Bitcoin is declining in price like wise Ethereum so there are crypto currency that are correlated to bitcoin.

[MainIbem]

...There are many investors who decide to sell their investments even after getting a small profit from their invested money. In my opinion, they are not investors. They are traders. The first thing an investor does is to be patient. And to hold the investment for at least 2 cycles from the cycle in which he is investing. If someone sells the investment after getting a small profit from it, then he has nothing to do but regret it later. The longer you hold your investment, the more profitable you will be.

It's no new thing that traders enter the market just to take profit in a short period after they've made little gains but ignorance can make new investors make such mistake too, many investors have made such mistake before they realize that they were doing the wrong thing and desist from it, one thing about Bitcoin is that if you come into the market with a trader mentality whether you're ignorant or not it would always prove to you that's it's meant for a long-term purpose and make you regret on the long run cause when you take profits due to over excitement, panic or whatever the price would definitely increase beyond the point you sold and you'll regret why you didn't hodl it for longer, it's a mistake that lots of people have made in the past before the learnt from it  and became long-term holders.

[Moreno233]

they say when Bitcoin increases in price that the particular shitcoin will also increase in price this is a lie and nothing put manipulation

Bitcoin is correlated to some crypto currency that is while it is not advisable to diversify our portfolio into any assets that is correlated to bitcoin. Let's assume you want to diversify your portfolio in bitcoin into some other assets, then you decided to choose Ethereum this wrong since Ethereum is correlated to bitcoin. Early today morning bitcoin was around $101k and Ethereum was around $20300. So if you watch the price of bitcoin and Ethereum you will observe that the two coin are correlated.Bitcoin is declining in price like wise Ethereum so there are crypto currency that are correlated to bitcoin.

This idea of diversification to shitcoins have ruined many people and I will advise you to discard it as quickly as you can. No matter how much those shitcoins try to copy Bitcoin, it can never be Bitcoin so that idea of correlation or whatever is not a strong evidence why I should spread my money to shitcoins that can fail my anytime.

Come.to think of it, Bitcoin is the real deal that have been tested and proven to overcome all forms of criticism.  Now even critics are interested in Bitcoin so why will someone leave Bitcoin and invest in something else? The best advice you can give someone now is to take advantage of the corrections in the market to buy more Bitcoin instead of making the mistake of diversification.  

[Proty]

they say when Bitcoin increases in price that the particular shitcoin will also increase in price this is a lie and nothing put manipulation

Bitcoin is correlated to some crypto currency that is while it is not advisable to diversify our portfolio into any assets that is correlated to bitcoin. Let's assume you want to diversify your portfolio in bitcoin into some other assets, then you decided to choose Ethereum this wrong since Ethereum is correlated to bitcoin. Early today morning bitcoin was around $101k and Ethereum was around $20300. So if you watch the price of bitcoin and Ethereum you will observe that the two coin are correlated.Bitcoin is declining in price like wise Ethereum so there are crypto currency that are correlated to bitcoin.

This idea of diversification to shitcoins have ruined many people and I will advise you to discard it as quickly as you can. No matter how much those shitcoins try to copy Bitcoin, it can never be Bitcoin so that idea of corelation or whatever is not a strong evidence while I should spread my money to shitcoins that can fail my anytime.

Come.to think of it, Bitcoin is the real deal that have been tested and proven to overcome all forms of criticism.  Now even critics are interested in Bitcoin so why will someone leave Bitcoin and invest in something else? The best advice you can give someone now is to take advantage of the corrections in the market to buy more Bitcoin instead of making the mistake of diversification. 

You actually responded to my post without even getting to understand what am saying. This is typical of a newbie, before you respond to any post try to read through to get the information or the idea the person is trying to communicate. before responding.Let me still enlighten you on what I was saying that you fail to comprehend . Bitcoin is correlated to some assets and I said it wouldn't be wise to diversify your bitcoin portfolio into such assets like Ethereum since a correction in the price of bitcoin may also leads to a correction of such assets. So I never said or advice that it is good to diversify into shitcoin, incase of next time ensure you read through someone post to get what they are saying before quickly responding as newbie or someone who is looking for post count.

[Tmoonz]

Bitcoin can't be compared to any kind of shitcoins and no shitcoin can be like Bitcoin, so if anyone is telling you that a particular shitcoin has same ability with Bitcoin just know is a lie don't be deceived.

Bitcoin does not need to compare with altcoins/ shitcoins but the opposite hilarious fact is altcoins / shitcoins try to make comparisons with Bitcoin for noisy and annoying sayings like "It's a Bitcoin killer", "It's a perfect alternative for Bitcoin" and the likes.

The painful fact behind such sayings is it's purely attempts of shitcoin founders to make noise and scam people with money. They want to get money from victims or get bitcoin from victims who are naively, inexperienced enough to believe in such unrealistic markerkting sayings.

Dead coins: How many cryptocurrencies have failed?

You know, we keep talking about this and I will always laugh because considering the population of people out there and the dynamics of individuals mindsets and opportunities, you will agree with me that alot came in to the space and what they where first introduced to is the shitcoins and at end they come to the ideas that they are all the same, some can struggle to overcome such mindset along the line while some can be sink in to it without realizing themselves,  my testimony is that even while I knew about shitcoins I never had any encounter with it till I had the knowledge of Bitcoin and the potential it holds.

[Finebone]

they say when Bitcoin increases in price that the particular shitcoin will also increase in price this is a lie and nothing put manipulation

Bitcoin is correlated to some crypto currency that is while it is not advisable to diversify our portfolio into any assets that is correlated to bitcoin. Let's assume you want to diversify your portfolio in bitcoin into some other assets, then you decided to choose Ethereum this wrong since Ethereum is correlated to bitcoin. Early today morning bitcoin was around $101k and Ethereum was around $20300. So if you watch the price of bitcoin and Ethereum you will observe that the two coin are correlated.Bitcoin is declining in price like wise Ethereum so there are crypto currency that are correlated to bitcoin.

This idea of diversification to shitcoins have ruined many people and I will advise you to discard it as quickly as you can. No matter how much those shitcoins try to copy Bitcoin, it can never be Bitcoin so that idea of corelation or whatever is not a strong evidence while I should spread my money to shitcoins that can fail my anytime.

Come.to think of it, Bitcoin is the real deal that have been tested and proven to overcome all forms of criticism.  Now even critics are interested in Bitcoin so why will someone leave Bitcoin and invest in something else? The best advice you can give someone now is to take advantage of the corrections in the market to buy more Bitcoin instead of making the mistake of diversification. 

You actually responded to my post without even getting to understand what am saying. This is typical of a newbie, before you respond to any post try to read through to get the information or the idea the person is trying to communicate. before responding.Let me still enlighten you on what I was saying that you fail to comprehend . Bitcoin is correlated to some assets and I said it wouldn't be wise to diversify your bitcoin portfolio into such assets like Ethereum since a correction in the price of bitcoin may also leads to a correction of such assets. So I never said or advice that it is good to diversify into shitcoin, incase of next time ensure you read through someone post to get what they are saying before quickly responding as newbie or someone who is looking for post count.

This is one of the big mistake most Bitcoin investor do because they taught to to that Ethereum is a bit reliable, they actually don't know that Ethereum also have that characteristics of being shitty on the longer run, so now that their is a correction in the market, it's an opportunity we should be using to buy aggressively if we have the reserve funds in place to make it happen.
Finally, thinking that Ethereum is reliable is like choosing a shit coin that is less shitty, not knowing that these other coin are just full of shit.

[letteredhub]

. For example, if the price of Bitcoin increases in the market, then all cryptocurrencies in the market increase in price.

This is very misleading mate. This very statement is wrong about bitcoin market with the altcoins. Just because bitcoin rises doesn't mean other shitcoins would follow in same direction and start rising. If it were so then a lot of shitcoins patronizers would have made some tones of fortunes.

A lot of times this is what some persons assumes (which is a  very retarding way of thinking) therefore opting to gamble their money in shitcoins/memecoins in the hopes that when bitcoin price rises their shitcoins would also do X times and put them in huge profit than when they have to invest such funds into bitcoin investment which they know to be a very sure future value adding asset.

[sotelorene]

. For example, if the price of Bitcoin increases in the market, then all cryptocurrencies in the market increase in price.

This is very misleading mate. This very statement is wrong about bitcoin market with the altcoins. Just because bitcoin rises doesn't mean other shitcoins would follow in same direction and start rising. If it were so then a lot of shitcoins patronizers would have made some tones of fortunes.

A lot of times this is what some persons assumes (which is a  very retarding way of thinking) therefore opting to gamble their money in shitcoins/memecoins in the hopes that when bitcoin price rises their shitcoins would also do X times and put them in huge profit than when they have to invest such funds into bitcoin investment which they know to be a very sure future value adding asset.

You are right, the fact that other cryptocurrency depend on Bitcoin doesn't mean they are to be invested on ( trusted), Bitcoin drives them no doubt but they don't have same potential as Bitcoin and they can never have same potential because Bitcoin has proven itself. Bitcoin can rise and drop down to some certain value or price but most of these cryptocurrency rise and drop down to nothing, anyone who don't know or understand this will always make mistake to go and invest in shitcoins.

[ejikeme24]

This is one of the big mistake most Bitcoin investor do because they taught to to that Ethereum is a bit reliable, they actually don't know that Ethereum also have that characteristics of being shitty on the longer run, so now that their is a correction in the market, it's an opportunity we should be using to buy aggressively if we have the reserve funds in place to make it happen.
Finally, thinking that Ethereum is reliable is like choosing a shit coin that is less shitty, not knowing that these other coin are just full of shit.

In as much as ethereum is dependent, i don't think if it is reliable for one to diversify into this coin. Since they can't work on thier own without the help of (bitcoin) and I noticed that bitcoin have been fueling alot of coins in the market and of which ethereum is a perfect example of this coins. One of the reason why most people think that ethereum is reliable is due to the statement that ethereum is next to bitcoin, alot of Investors get mislead due to this saying, most guys see it as a huge opportunity to invest as much as they can since they missed out the opportunity to accumulate bitcoin during the early phase, alot of this guys was  hoping that the potential return is going to be the same with that of bitcoin Since they're told that ethereum is next to bitcoin, this is why sometimes is good to conduct our own research to avoid making unnecessary mistake.

[JayJuanGee]

. For example, if the price of Bitcoin increases in the market, then all cryptocurrencies in the market increase in price.

This is very misleading mate. This very statement is wrong about bitcoin market with the altcoins. Just because bitcoin rises doesn't mean other shitcoins would follow in same direction and start rising. If it were so then a lot of shitcoins patronizers would have made some tones of fortunes.

A lot of times this is what some persons assumes (which is a  very retarding way of thinking) therefore opting to gamble their money in shitcoins/memecoins in the hopes that when bitcoin price rises their shitcoins would also do X times and put them in huge profit than when they have to invest such funds into bitcoin investment which they know to be a very sure future value adding asset.

Of course, from time to time there can be quite a bit of correlation since many times shitcoins are affinity scams upon bitcoin, and there can be times in which they pump with the BTC price, yet they might not pump with the BTC price, so anyone getting in and out of shitcoins is taking chances that such shitcoins may or may not pump.. .. so maybe they play numbers of shitcoins, such as 10 of them or 20 of them, and perhaps they figure if any  one of them pumps by 10x or 20x, then they make up for losses on all of the others....

Sure, many of us recognize and appreciate that with bitcoin there is a certain amount of risk, and so with shitcoins more risk is being added on, and the chances that any shitcoin might continue to pump over a long period of time is pretty low, so then with shitcoins there comes a need to get in and out, and some folks will erroneously consider that bitcoin should be treated the same way, as something to get into and then get out of.  Surely erroneous thinking and failure to differentiate to recognize what bitcoin is.,

At the same time, it is not non-existent that some shitcoins might become popular and/or successful than others and perhaps there might be an outside chance that one of them (perhaps? perhaps) to become more popular and more successful than bitcoin, yet every single one of the shitcoins  is dependent on bitcoin to be successful for their even having a chance of pumping or being successful.. even though they would likely market themselves as being special and unique and even better than bitcoin or different from bitcoin to have swome special and important use case. 

In regards to some of them that suggest that they are better than bitcoin, there there may well be a bit of a presumption with those coins that they are able to pump without bitcoin and/or to take bitcoin's place in the event that bitcoin were to not survive.. Yet, those supposedly better than bitcoin coins are almost 100% lying in their claims.. and some of them are blatantly lying, while there might be some others that the founders actually believe their own bullshit (hard to really get into the heads of a scammer to realize if they know that they are scamming or not).

There surely can be some chances that some shitcoins might short-termedly outperform bitcoin, yet the odds are not necessarily good that any normal person would be able to figure this out and even the insiders might either not know if or when coins are going to pump, yet they may well have had rigged the coin in their favor so that any kind of pump that does end up happening results in free profits for them and their having had self-issued themselves a decent quantity of extra coins for free.. so some of them only have upside once they might have overcome the initial costs of issuing and/or listing the coins.  Are you lucky or not to be able to time your entrance and your exit including accounting for there are others (likely insiders) who are actually dumbing as retail persons are buying in and hoping that they are going to be able to sell to some greater fool at a higher price and perhaps even believing that they have superior information about the coin and/or how to play such coin.

[Tungbulu]

. For example, if the price of Bitcoin increases in the market, then all cryptocurrencies in the market increase in price.

This is very misleading mate. This very statement is wrong about bitcoin market with the altcoins. Just because bitcoin rises doesn't mean other shitcoins would follow in same direction and start rising. If it were so then a lot of shitcoins patronizers would have made some tones of fortunes.

A lot of times this is what some persons assumes (which is a  very retarding way of thinking) therefore opting to gamble their money in shitcoins/memecoins in the hopes that when bitcoin price rises their shitcoins would also do X times and put them in huge profit than when they have to invest such funds into bitcoin investment which they know to be a very sure future value adding asset.

Of course, from time to time there can be quite a bit of correlation since many times shitcoins are affinity scams upon bitcoin, and there can be times in which they pump with the BTC price, yet they might not pump with the BTC price, so anyone getting in and out of shitcoins is taking chances that such shitcoins may or may not pump.. .. so maybe they play numbers of shitcoins, such as 10 of them or 20 of them, and perhaps they figure if any  one of them pumps by 10x or 20x, then they make up for losses on all of the others....

Sure, many of us recognize and appreciate that with bitcoin there is a certain amount of risk, and so with shitcoins more risk is being added on, and the chances that any shitcoin might continue to pump over a long period of time is pretty low, so then with shitcoins there comes a need to get in and out, and some folks will erroneously consider that bitcoin should be treated the same way, as something to get into and then get out of.  Surely erroneous thinking and failure to differentiate to recognize what bitcoin is.,

At the same time, it is not non-existent that some shitcoins might become popular and/or successful than others and perhaps there might be an outside chance that one of them (perhaps? perhaps) to become more popular and more successful than bitcoin, yet every single one of the shitcoins  is dependent on bitcoin to be successful for their even having a chance of pumping or being successful.. even though they would likely market themselves as being special and unique and even better than bitcoin or different from bitcoin to have swome special and important use case. 

In regards to some of them that suggest that they are better than bitcoin, there there may well be a bit of a presumption with those coins that they are able to pump without bitcoin and/or to take bitcoin's place in the event that bitcoin were to not survive.. Yet, those supposedly better than bitcoin coins are almost 100% lying in their claims.. and some of them are blatantly lying, while there might be some others that the founders actually believe their own bullshit (hard to really get into the heads of a scammer to realize if they know that they are scamming or not).

There surely can be some chances that some shitcoins might short-termedly outperform bitcoin, yet the odds are not necessarily good that any normal person would be able to figure this out and even the insiders might either not know if or when coins are going to pump, yet they may well have had rigged the coin in their favor so that any kind of pump that does end up happening results in free profits for them and their having had self-issued themselves a decent quantity of extra coins for free.. so some of them only have upside once they might have overcome the initial costs of issuing and/or listing the coins.  Are you lucky or not to be able to time your entrance and your exit including accounting for there are others (likely insiders) who are actually dumbing as retail persons are buying in and hoping that they are going to be able to sell to some greater fool at a higher price and perhaps even believing that they have superior information about the coin and/or how to play such coin.

You've done quite an amazing job in perfectly breaking down the complex dynamics between shitcoins and Bitcoin.  Inasmuch as the correlation between the both concepts are quite significant, we can't elude the fact that the success of shitcoin strongly depends on Bitcoin's stability, as well as its market trends. The idea of of diversifying  one's portfolio across several shitcoins with hopes of one of those several shitcoins making a huge pump and then cover for the losses is totally outrageous as this can be considered to be completely gambling and carries lots of risks.

I completely agree with your thoughts that a lot of shitcoins out there were actually designed to capitalize on the popularity of Bitcoin, most of the time, these shitcoins are mostly exaggerated and claims to be more superior to Bitcoin, which of course is a totally outrageous claim. Every investor must at all time learn to strike a difference between Bitcoin's unbeatable track records from over the years and the speculative nature of these shitcoins. I know that a lot people who often venture into shitcoins investment may try to justify themselves by claiming that shitcoins offer more potential for growth and profitability than Bitcoin, but they forget that the odds are always stacked up against them because it only takes one with the project's insider knowledge or make a perfect timing to be able to profit from the asset's day to day volatile markets, which of course isn't always possible, meaning that the risks are inherently high.

There are several factors that further increases the risks associated with these kind of investment and they include the insider's advantage, which is very very important, we also have market manipulations, because it is no longer news that the prices of these shitcoins can be easily manipulation by the project owners and this is a big problem for naive investors. I DON'T ADVICE ANYONE TO VENTURE INTO SUCH INVESTMENT but if they must it's important to use a very low portion of their portfolio, maybe like 5℅ of their Portfolio and they need to approach these sort of investment with extreme caution and acknowledge the fact that they are very risky and have high potential for losses. And you did a great job in highlighting the importance of being aware of these facts and to avoid falling prey to the hypes and risks surrounding and associated with shitcoin investments. 

[adultcrypto]

This is one of the big mistake most Bitcoin investor do because they taught to to that Ethereum is a bit reliable, they actually don't know that Ethereum also have that characteristics of being shitty on the longer run, so now that their is a correction in the market, it's an opportunity we should be using to buy aggressively if we have the reserve funds in place to make it happen.
Finally, thinking that Ethereum is reliable is like choosing a shit coin that is less shitty, not knowing that these other coin are just full of shit.

In as much as ethereum is dependent, i don't think if it is reliable for one to diversify into this coin. Since they can't work on thier own without the help of (bitcoin) and I noticed that bitcoin have been fueling alot of coins in the market and of which ethereum is a perfect example of this coins. One of the reason why most people think that ethereum is reliable is due to the statement that ethereum is next to bitcoin, alot of Investors get mislead due to this saying, most guys see it as a huge opportunity to invest as much as they can since they missed out the opportunity to accumulate bitcoin during the early phase, alot of this guys was  hoping that the potential return is going to be the same with that of bitcoin Since they're told that ethereum is next to bitcoin, this is why sometimes is good to conduct our own research to avoid making unnecessary mistake.

It surprises me how this discussion of diversification keeps coming back to this discussion after it has already been discussed extensively on several occasions. We know that bitcoin is the best asset to invest in and the rest are shitcoins, so why still contemplating investing in shitcoin when you have the best at your disposal?

I have observed that most people who do not want to give up the idea of investing in shitcoin are people filled with greed, they are constantly looking for how to make quick money since they have this erroneous mindset that bitcoin cannot give them the big profits they want. This thinking pattern even make some go in search of the next bitcoin, a coin that is just launched and hyped to pump x10000 only to end up as shitcoin that will drain people of their hard-earned money. We must be careful because diversification to shitcoin is like a trap that will lead to losses. Buy bitcoin and hold for several year ahead and you will enjoy peace and prosperity, it is as simple as that.

[ZeroVinsonN]

...There are many investors who decide to sell their investments even after getting a small profit from their invested money. In my opinion, they are not investors. They are traders. The first thing an investor does is to be patient. And to hold the investment for at least 2 cycles from the cycle in which he is investing. If someone sells the investment after getting a small profit from it, then he has nothing to do but regret it later. The longer you hold your investment, the more profitable you will be.

It's no new thing that traders enter the market just to take profit in a short period after they've made little gains but ignorance can make new investors make such mistake too, many investors have made such mistake before they realize that they were doing the wrong thing and desist from it, one thing about Bitcoin is that if you come into the market with a trader mentality whether you're ignorant or not it would always prove to you that's it's meant for a long-term purpose and make you regret on the long run cause when you take profits due to over excitement, panic or whatever the price would definitely increase beyond the point you sold and you'll regret why you didn't hodl it for longer, it's a mistake that lots of people have made in the past before the learnt from it  and became long-term holders.

Believe it or not, a lot of people are still making these mistakes today, there will always be newbies, people with no experience in bitcoin investment but who want to go into it and sometimes their problems come from the people who advise them, they get feed false enticing news which leads them to make poor investments (trading) choices ultimately leading to regret and loss on the part, financially.
If newbie investors can have access to credible information on how the bitcoin market works then they can invest the right way with the mindset that they are venturing into a long term investment that can run for decades on end and they need to stay away from failed bitcoin traders who want to drag other down with them, because let's face it, most of the people busy giving out these false advices didn't make anything out of their bitcoin trading, yet you see them advising others to still trade, you can keep doing thr same thing and expecting a different outcome.

[Gost ms]

...There are many investors who decide to sell their investments even after getting a small profit from their invested money. In my opinion, they are not investors. They are traders. The first thing an investor does is to be patient. And to hold the investment for at least 2 cycles from the cycle in which he is investing. If someone sells the investment after getting a small profit from it, then he has nothing to do but regret it later. The longer you hold your investment, the more profitable you will be.

It's no new thing that traders enter the market just to take profit in a short period after they've made little gains but ignorance can make new investors make such mistake too, many investors have made such mistake before they realize that they were doing the wrong thing and desist from it, one thing about Bitcoin is that if you come into the market with a trader mentality whether you're ignorant or not it would always prove to you that's it's meant for a long-term purpose and make you regret on the long run cause when you take profits due to over excitement, panic or whatever the price would definitely increase beyond the point you sold and you'll regret why you didn't hodl it for longer, it's a mistake that lots of people have made in the past before the learnt from it  and became long-term holders.

Believe it or not, a lot of people are still making these mistakes today, there will always be newbies, people with no experience in bitcoin investment but who want to go into it and sometimes their problems come from the people who advise them, they get feed false enticing news which leads them to make poor investments (trading) choices ultimately leading to regret and loss on the part, financially.
If newbie investors can have access to credible information on how the bitcoin market works then they can invest the right way with the mindset that they are venturing into a long term investment that can run for decades on end and they need to stay away from failed bitcoin traders who want to drag other down with them, because let's face it, most of the people busy giving out these false advices didn't make anything out of their bitcoin trading, yet you see them advising others to still trade, you can keep doing thr same thing and expecting a different outcome.

The above comment is very vague. No one has experience before investing. After investing, experience is gradually gained. In the first case, if you have basic knowledge about Bitcoin, faith in Bitcoin and a stable income, you can invest. Over time, you will gain experience. In the first case, you can find a person who is capable of holding high and long-term investments. If you want, you can take advice from such a person in the first case. For example,

* You can get some ideas about how to control your emotions.

* In which method of investing will be good for you.

* You can take advice from him about how to keep yourself calm during a downturn.

Etc. But it is not possible to leave it completely to him, you have to do research with him to see if he is giving you the right advice or the wrong advice. Because if he gives you the wrong advice, your investment may be lost, so you always have to be aware

[dimonstration]

The above comment is very vague. No one has experience before investing. After investing, experience is gradually gained. In the first case, if you have basic knowledge about Bitcoin, faith in Bitcoin and a stable income, you can invest. Over time, you will gain experience. In the first case, you can find a person who is capable of holding high and long-term investments. If you want, you can take advice from such a person in the first case. For example,

* You can get some ideas about how to control your emotions.

* In which method of investing will be good for you.

* You can take advice from him about how to keep yourself calm during a downturn.

Etc. But it is not possible to leave it completely to him, you have to do research with him to see if he is giving you the right advice or the wrong advice. Because if he gives you the wrong advice, your investment may be lost, so you always have to be aware

I believe you guys are talking about trading and not investing. Investing is simply just buying Bitcoin then hold it until the price was high enough for you to take profit.

You don’t need experience or deeper knowledge on how to invest on Bitcoin since buying and holding is a simple matter. Even just a simple following Michael Saylor Bitcoin investment path will give you an idea on how to do it the right way since he is the most successful Bitcoin investor so far.

Just buy and hold. Never sell on the dip rather keep buying as simple as that.

[Ricardo11]

The above comment is very vague. No one has experience before investing. After investing, experience is gradually gained. In the first case, if you have basic knowledge about Bitcoin, faith in Bitcoin and a stable income, you can invest. Over time, you will gain experience. In the first case, you can find a person who is capable of holding high and long-term investments. If you want, you can take advice from such a person in the first case. For example,

* You can get some ideas about how to control your emotions.

* In which method of investing will be good for you.

* You can take advice from him about how to keep yourself calm during a downturn.

Etc. But it is not possible to leave it completely to him, you have to do research with him to see if he is giving you the right advice or the wrong advice. Because if he gives you the wrong advice, your investment may be lost, so you always have to be aware

I believe you guys are talking about trading and not investing. Investing is simply just buying Bitcoin then hold it until the price was high enough for you to take profit.

You don’t need experience or deeper knowledge on how to invest on Bitcoin since buying and holding is a simple matter. Even just a simple following Michael Saylor Bitcoin investment path will give you an idea on how to do it the right way since he is the most successful Bitcoin investor so far.

Just buy and hold. Never sell on the dip rather keep buying as simple as that.

Buy and hold, this is the most correct and most effective strategy, those who have held for a long time, from just like 6-8 years ago to the present time, are the most successful investors today, there can be no more effective strategy than long-term holding. A trader can never always profit as expected by buying and selling in the short term, he will definitely face losses many times, but in the case of a long-term investor, all you have to do is buy and hold consistently, if you are consistent on this strategy for the next 10 years, an investor can definitely achieve great success.