Buy Buy Buy or Sell Sell Sell?

[Gallar]

If someone wants to learn to swim, they have to jump into the river. Only then can they become a better swimmer, because you can never become a good swimmer just by standing outside.
The same rule applies in investing if someone wants to learn trading or the basics about investing he needs to put some money in because this will help him, and he will have a better understanding and value of things.
Bitcoin investment surely has big potential, and everyone can take advantage of this. I'm already in and now looking for more and better understanding. This is only possible while I'm in with my funds.

Yes,, in some ways, I agree with your assumption, friend. It's true that someone who doesn't directly dive into the field they're pursuing will certainly not achieve the same results as someone who does. But it's also important to remember that if you compare someone investing in Bitcoin to someone jumping into water,, I think there's one thing you should consider. What would happen if someone who can't swim at all and doesn't even know the theory of swimming jumped straight into deep water?? I'm sure that would be extremely dangerous and could even be life-threatening...

Therefore,, even if they can't swim initially,, to be safer, they should first learn swimming theory, which they can then apply once they're in the water. So, I think this is also very important to consider when someone wants to invest in Bitcoin. Because basically, if someone immediately jumps into Bitcoin with zero knowledge, it will definitely be very dangerous. Therefore, it is very important to understand the basics of how to invest in Bitcoin before jumping in.

you don't necessarily need a basic knowledge as per starting to invest in bitcoin. What you need is common sense on how figure out the availability of Discretionary Income then after that you gain whatever knowledge that is important as you continue with your bitcoin accumulation. So it won't be a wise idea for someone that has figured out there Discretionary income not to start accumlating bitcoin because they want to acquire basic knowledge before starting. All what they need is common sense on how to figure out things.

Bro, common sense alone won't be enough to get someone started investing in Bitcoin. What I'm referring to here is laypeople who have never invested before. Basically, if you don't learn a little basic knowledge about investing in Bitcoin, how will you know which exchanges are good for buying Bitcoin? Then, how do you buy it, and how do you deposit fiat funds into the exchange? So, this requires a little study, because it would be fatal if someone who hasn't learned anything wants to deposit fiat funds into the exchange and makes a mistake; their money will surely disappear.

So,, this is where learning a little is crucial to start investing in Bitcoin. Do you think people who are unfamiliar with Bitcoin will immediately know how to deposit funds and buy Bitcoin?? Absolutely not.. Because I reflected on myself when I was a novice. Honestly,, I was confused when I wanted to buy Bitcoin. So,, from there, I learned a little basic knowledge, and finally I understood. So that's why I emphasize learning a little basic knowledge when investing in Bitcoin.

[Charcol]

 if someone trades according to their long-term ability with discretionary income as a process of learning their skills and risk control, then it is not wrong.

Trading is very risky and even if you are trading with your long term ability as you said it doesn't still change the narrative that trading is very risky. It will be waste of time and income to be gambling with bitcoin by trading it with the idea that you are learning a skill. I believe it will be best if this energy is chanell to accumulating and holding bitcoin for a long term and them shun the idea of trading

Our goal in trading or investing is to protect against inflation and also to seek profit. Trading Bitcoin with the aim of seeking profit while learning to improve skills is not wrong in my opinion because in any case, knowledge will increase when we study the process and evaluate it.

You have combined trading and investing into the same goal. But in reality, both are opposites of each other. The goal of making profit can be in both places, but in the case of investment, most people give more importance to savings. The main point of saving Bitcoin in the long term is to gradually accumulate Bitcoin with your own extra investable money, maintain cash flow and not be forced to sell. But most of the time, people also trade with their own necessary money, thinking that profit will come after a few days. But in reality, no matter how experienced you are, there is no guarantee of profit from trading. Rather, the main goal of investing in the name of learning trading can be destroyed. In the name of learning trading, a person is busy with when to sell, when to buy at a low price, how much profit is made. In the end, most of the time, one has to face losses. But the main goal of an investor at the savings stage is to gradually increase the amount of Bitcoin within his ability and hold it in the long term. Trading is not a way to learn, but the way to learn can be to start with a small amount, save regularly  Do it, reduce mistakes, and gradually strengthen your plan.

[IceLincoln]

It is always important to have a long term investment for investment because in the old history of the crypto market you can see that the long term has always given good results. So if you have good coin holdings in your portfolio you will get maximum profit from investment. Here you have to maintain your mental pressure and patience then you will get a chance to make enough profit. Again, if you are not a long term believer you can sell it for a small profit. If you hold Bitcoin or Ethereum for about 5-8 years you can make good profits. I like discipline in investing and don't want to go beyond my means. All the top coins are ideal investments for us.

Did I just read where you said if anyone hold Bitcoin or ETH for the number of years you outlined, are you now saying that ETH can be like Bitcoin and why must you mention Altcoin where Bitcoin investment is mainly discussed, what's even all these profit of a thing about, is it that people can not invest in Bitcoin for other reasons like wealth building and value? ETH should not be mentioned when we are seriously discussing Bitcoin investment, Bitcoin is a valuable asset that should not be compared with any children coin, so I refuse to discuss that with you, all I see in your text is profit,profit and profit, I'm sure you are a trader because that's all traders talk about, Bitcoin all the way, acumulate Bitcoin steadily, persistently and hodl for a long-term that's the mindset.

People disregard bitcoin a lot when they put Ethereum in the same sentence as Bitcoin, even as Ethereum might be the strongest Altcoin right now its performance is still very pretty low when compared to Bitcoin.
I don’t even advise people to get into any kind of Altcoins, shitcoins, any other cryptocurrency except bitcoin, I can’t push someone into something I don’t trust unless it’s for the fun of it… just gambling.

[Bright0515]

Bro, common sense alone won't be enough to get someone started investing in Bitcoin. What I'm referring to here is laypeople who have never invested before. Basically, if you don't learn a little basic knowledge about investing in Bitcoin, how will you know which exchanges are good for buying Bitcoin?

First of all you need to understand that not everyone is as dull as others, so categorizing everyone the same is wrong because there are people that are smarter than others. Talking about common sense here, we are talking about someone who already knows at least 5 - 10% about Bitcoin. From the other parts of you comment you sound like Bitcoin is something that everyone must learn before starting.

Well, based on how I understand the bold part of your comment, you made it sound a lil bit technically because you over emphasize on an exchange and buying, but you forget one thing. And the thing is that an exchange is not the only means to buy Bitcoin. Let's say for example, a total beginner might have someone or relative who's also into Bitcoin one way or the other and the person is willing to sell, the beginner can literally buy from the person and the person will send directly into his wallet or an exchange (for example) and after  buying his or her first Bitcoin he can also learn how to use the p2p pattern. Aa a matter of fact an exchange is not something that will take the person's entire time to figure out, with just a one time research or few YouTube videos, the beginner will know how to buy Bitcoin, what's more important is that the beginner shouldn't wait until he understands everything before he gets started because practice makes someone perfect.

[PhilosopherKing]

But if someone trades according to their long-term ability with discretionary income as a process of learning their skills and risk control, then it is not wrong.

Carry you trading idea to another place, this is not the place to discuss it. Long term trading don't remove risk and loss that comes with trading. The more you trade for long term the more loss you will be getting into. Traders like to make trading sound easy when the market is going well but they will not like to talk about the loss that can happen along the way.

Long term ongoing investment is better  over trading because you don't have to be predicting the market. You will just ongoingly buy for long time so that you can build your stash.

[Futurexxx]

People disregard bitcoin a lot when they put Ethereum in the same sentence as Bitcoin, even as Ethereum might be the strongest Altcoin right now its performance is still very pretty low when compared to Bitcoin.
I don’t even advise people to get into any kind of Altcoins, shitcoins, any other cryptocurrency except bitcoin, I can’t push someone into something I don’t trust unless it’s for the fun of it… just gambling.

Saying that ethereum is good or the strongest alt coin is like saying how they are less shitty than the other, because alt and meme coin are all full of shit, so it's wrong for any right thinking person to be putting them in the same bracket as Bitcoin that has proven to be very reliable over the years.  Alt and meme coin are created for gambling purpose, and it should be treated as such, not seen as an investment opportunity as most ignorant investors are taking it as.

[DubemIfedigbo001]

I think one of the major strength of holding your assets is building your back up funds, because that's a strong base to keeping you away from tapping from your assets. If we are been realistic, even though you don't want to tap from your investment, but if you are pressured, and you don't have emergency funds to handle your emergency situations, then there is every possiblity of tapping from your investment. Thus, been able to Hold your investment, it has a degree to your ability of building sustainable back up funds.
I'm addition too, investing with the right funds is also necessary. Ensuring a proper income allocation and management is also needed to help you HODL

A backup fund is essential when someone has accumulated assets. It's a bit difficult if someone doesn't have a backup fund to hold or own assets. Therefore before investing a backup fund is a top priority for those who want to hold assets for their future.

The benefits of reserve funds are quite numerous especially when someone makes an investment of course this has become a major part of that person for example when someone is investing in Bitcoin for the long term but with the busyness of investing suddenly something or a problem comes unexpectedly but consequently the problem must be resolved immediately so that the problem can be resolved properly according to the wishes but behind all of that with the reserve funds owned by that person it may be possible to not be disturbed by what has been done in the investment this shows that it is important to have reserve funds that can save our desires when the position and situation we experience are under pressure and in the end by having reserve funds everything can be done in a sustainable way to invest in Bitcoin.

Actually, this is the work of your emergency fund, although reserve funds can attend the little emergencies in order to help your emergency funds stay intact to combat bigger emergencies, but in a real context, emergency funds are kept for the purpose of attending to real emergencies, thereby serving as the last shield preventing you from having to tap into your portfolio to attend to real emergencies. Emergency funds is advisable the be built until it is equal to at least 3 months worth of your expenses.
A bitcoin portfolio is not safe without a emergency funds and it is an accurate cash-flow management practice to build your emergency funds alongside accumulation of bitcoin if you don't already have one prior to getting involved in bitcoin. Again if you already have some funds kept as emergency funds before getting into bitcoin, you need to evaluate it with respect to current economic standing to ensure it is up to 3 months worth of your expenses and that would determine if you continue building it while investing, or use funds that should be allocated to it to increase your aggressiveness into buying and holding bitcoin in order to get ahead at a faster pace.

[yixichloro2xx]

It is always important to have a long term investment for investment because in the old history of the crypto market you can see that the long term has always given good results. So if you have good coin holdings in your portfolio you will get maximum profit from investment. Here you have to maintain your mental pressure and patience then you will get a chance to make enough profit. Again, if you are not a long term believer you can sell it for a small profit. If you hold Bitcoin or Ethereum for about 5-8 years you can make good profits. I like discipline in investing and don't want to go beyond my means. All the top coins are ideal investments for us.

Did I just read where you said if anyone hold Bitcoin or ETH for the number of years you outlined, are you now saying that ETH can be like Bitcoin and why must you mention Altcoin where Bitcoin investment is mainly discussed, what's even all these profit of a thing about, is it that people can not invest in Bitcoin for other reasons like wealth building and value? ETH should not be mentioned when we are seriously discussing Bitcoin investment, Bitcoin is a valuable asset that should not be compared with any children coin, so I refuse to discuss that with you, all I see in your text is profit,profit and profit, I'm sure you are a trader because that's all traders talk about, Bitcoin all the way, acumulate Bitcoin steadily, persistently and hodl for a long-term that's the mindset.

People disregard bitcoin a lot when they put Ethereum in the same sentence as Bitcoin, even as Ethereum might be the strongest Altcoin right now its performance is still very pretty low when compared to Bitcoin.
I don’t even advise people to get into any kind of Altcoins, shitcoins, any other cryptocurrency except bitcoin, I can’t push someone into something I don’t trust unless it’s for the fun of it… just gambling.

Altcoins are joke , they have no use or value. I don't even remember the specifics function of  Ethereum does in the ecosystem. Ethereum can never be like Bitcoin in a million years to come. Bitcoin doesn't have any owner or CEO that influence it's, unlike Eth and rest of Altcoins where it's owners can wake one day and decide to dump on their community. The future of Ethereum looks rough, Bitcoin has gained massive adoption from countries and it will continue because they are adding to their daily payment system. Using Ethereum or other Altcoins as a means of storing wealth is not advisable. Bitcoin is the way , and can't be compared to any other unreasonable coins.

[Mr_Brilliant$]

People disregard bitcoin a lot when they put Ethereum in the same sentence as Bitcoin, even as Ethereum might be the strongest Altcoin right now its performance is still very pretty low when compared to Bitcoin.
I don’t even advise people to get into any kind of Altcoins, shitcoins, any other cryptocurrency except bitcoin, I can’t push someone into something I don’t trust unless it’s for the fun of it… just gambling.

Altcoins are joke , they have no use or value. I don't even remember the specifics function of  Ethereum does in the ecosystem. Ethereum can never be like Bitcoin in a million years to come. Bitcoin doesn't have any owner or CEO that influence it's, unlike Eth and rest of Altcoins where it's owners can wake one day and decide to dump on their community. The future of Ethereum looks rough, Bitcoin has gained massive adoption from countries and it will continue because they are adding to their daily payment system. Using Ethereum or other Altcoins as a means of storing wealth is not advisable. Bitcoin is the way , and can't be compared to any other unreasonable coins.

It always baffles me when people try to compare Bitcoin and altcoins like they are on the same level, they are not even close in a lot of ways…

Even just the fact that Bitcoin is not tied to any single person or central control already makes it different..  That decentralization is part of the reason why people trust it more, especially when you look at how fiat systems work today where control can easily influence things..
With those altcoins, including Ethereum, there is still some influence from foundations and the teams behind it, and that alone makes people view them differently in terms of long term..

Bitcoin and Alts don’t just play the same role, so comparing them and trying to make them equals does not make sense at all..

[Bright0515]

Altcoins are joke , they have no use or value. I don't even remember the specifics function of  Ethereum does in the ecosystem.

That's correct mate, the etherum has no function at all and it's highly risky to put money into it. For the fact that Bitcoin is still Bitcoin, makes ethereum an altcoin, so no one should think that ethereum is not like other altcoins. Honestly I don't know why they think so because it's even obvious that ethereum can be dumped one day as a matter of fact the price of ethereum follows Bitcoin at the back but it can never meet up with Bitcoin at all even till the future.
It's even obvious that people who are interested in ethereum mostly end up being emotional as they are mostly interested in short term profits. The the value of ethereum goes the the opposite direction they end up emotional and sell out of panic.
One simple truth is that Bitcoin is the best to buy because it's security is the ultimate because it has the strongest security in the world and other fact is Bitcoin is recognized global, it also has a limited supply of 21 million which proved that even inflation can not affect it.
Most important for the fact that it's decentralized proves no one is behind it, a CEO or anyone at all. Which even makes it a store of value.

[Silikiem]

If someone wants to learn to swim, they have to jump into the river. Only then can they become a better swimmer, because you can never become a good swimmer just by standing outside.
The same rule applies in investing if someone wants to learn trading or the basics about investing he needs to put some money in because this will help him, and he will have a better understanding and value of things.
Bitcoin investment surely has big potential, and everyone can take advantage of this. I'm already in and now looking for more and better understanding. This is only possible while I'm in with my funds.

Yes,, in some ways, I agree with your assumption, friend. It's true that someone who doesn't directly dive into the field they're pursuing will certainly not achieve the same results as someone who does. But it's also important to remember that if you compare someone investing in Bitcoin to someone jumping into water,, I think there's one thing you should consider. What would happen if someone who can't swim at all and doesn't even know the theory of swimming jumped straight into deep water?? I'm sure that would be extremely dangerous and could even be life-threatening...

Therefore,, even if they can't swim initially,, to be safer, they should first learn swimming theory, which they can then apply once they're in the water. So, I think this is also very important to consider when someone wants to invest in Bitcoin. Because basically, if someone immediately jumps into Bitcoin with zero knowledge, it will definitely be very dangerous. Therefore, it is very important to understand the basics of how to invest in Bitcoin before jumping in.

you don't necessarily need a basic knowledge as per starting to invest in bitcoin. What you need is common sense on how figure out the availability of Discretionary Income then after that you gain whatever knowledge that is important as you continue with your bitcoin accumulation. So it won't be a wise idea for someone that has figured out there Discretionary income not to start accumlating bitcoin because they want to acquire basic knowledge before starting. All what they need is common sense on how to figure out things.

Bro, common sense alone won't be enough to get someone started investing in Bitcoin. What I'm referring to here is laypeople who have never invested before. Basically, if you don't learn a little basic knowledge about investing in Bitcoin, how will you know which exchanges are good for buying Bitcoin? Then, how do you buy it, and how do you deposit fiat funds into the exchange? So, this requires a little study, because it would be fatal if someone who hasn't learned anything wants to deposit fiat funds into the exchange and makes a mistake; their money will surely disappear.

So,, this is where learning a little is crucial to start investing in Bitcoin. Do you think people who are unfamiliar with Bitcoin will immediately know how to deposit funds and buy Bitcoin?? Absolutely not.. Because I reflected on myself when I was a novice. Honestly,, I was confused when I wanted to buy Bitcoin. So,, from there, I learned a little basic knowledge, and finally I understood. So that's why I emphasize learning a little basic knowledge when investing in Bitcoin.

For an individual to be able to say that he or she wants to start investing in bitcoin then the person might have heard of bitcoin investment to indicate interest even though he might not know all the nooks and cranny of bitcoin investment but at least being able to hear about it and wanting to invest in it then such person only needs to know about having a discretionary income to use and start buying bitcoin it’s as simple as that. What it’s important is that he have a discretionary income because this  discretionary income is what will be used to  buy and invest in bitcoin, he doesn’t necessarily need to know more before getting started.

When you talk about a lay person it should be Someone who haven’t heard anything called bitcoin investment in his entire life and at such that particular person cannot indicate interest in bitcoin investment but for a lay person to be able to indicate interest in bitcoin investment that means the person is aware that there’s something called bitcoin investment and that alone is common sense which is already the basic knowledge or simple awareness needed to start investing and along the line every other thing he needs to know will be learnt from his experience in accumulating and holding bitcoin

[IgboBTC]

It is always important to have a long term investment for investment because in the old history of the crypto market you can see that the long term has always given good results. So if you have good coin holdings in your portfolio you will get maximum profit from investment. Here you have to maintain your mental pressure and patience then you will get a chance to make enough profit. Again, if you are not a long term believer you can sell it for a small profit. If you hold Bitcoin or Ethereum for about 5-8 years you can make good profits. I like discipline in investing and don't want to go beyond my means. All the top coins are ideal investments for us.

Did I just read where you said if anyone hold Bitcoin or ETH for the number of years you outlined, are you now saying that ETH can be like Bitcoin and why must you mention Altcoin where Bitcoin investment is mainly discussed, what's even all these profit of a thing about, is it that people can not invest in Bitcoin for other reasons like wealth building and value? ETH should not be mentioned when we are seriously discussing Bitcoin investment, Bitcoin is a valuable asset that should not be compared with any children coin, so I refuse to discuss that with you, all I see in your text is profit,profit and profit, I'm sure you are a trader because that's all traders talk about, Bitcoin all the way, acumulate Bitcoin steadily, persistently and hodl for a long-term that's the mindset.

People disregard bitcoin a lot when they put Ethereum in the same sentence as Bitcoin, even as Ethereum might be the strongest Altcoin right now its performance is still very pretty low when compared to Bitcoin.
I don’t even advise people to get into any kind of Altcoins, shitcoins, any other cryptocurrency except bitcoin, I can’t push someone into something I don’t trust unless it’s for the fun of it… just gambling.

Altcoins are joke , they have no use or value. I don't even remember the specifics function of  Ethereum does in the ecosystem. Ethereum can never be like Bitcoin in a million years to come. Bitcoin doesn't have any owner or CEO that influence it's, unlike Eth and rest of Altcoins where it's owners can wake one day and decide to dump on their community. The future of Ethereum looks rough, Bitcoin has gained massive adoption from countries and it will continue because they are adding to their daily payment system. Using Ethereum or other Altcoins as a means of storing wealth is not advisable. Bitcoin is the way , and can't be compared to any other unreasonable coins.

I somewhat agree with your view that Bitcoin's the best. Bitcoin is special because it is not controlled by any one person or group which makes it like a version of gold and a great way to store money.

I do not think it is fair to say that Ethereum or other alternative coins are not worth anything. While Bitcoin is good, for storing money Ethereum is a platform that allows for different things to be built on it. Its smart contracts and other technologies are helping to keep the blockchain system moving forward.

Bitcoin and Ethereum were made for reasons. Bitcoin wants to be a currency that everyone can use while Ethereum wants to be a new way for people to do financial things on the internet. Even though Ethereum was started by one person it has grown into something bigger and more diverse. So of only investing in Bitcoin I think it is a good idea to also consider Ethereum because of its technology. Bitcoin is still a core investment but Ethereum should not be ignored.

[Emjay24]

Managing money correctly is one of the keys to success in everything involving money, such as doing business, investing, or trading; but, we must also be able to manage ourselves so that we do not become complacent about the rewards acquired, causing us to forget the risks. Also, keep in mind that it is a mistake to set out to do anything solely for the sake of money, thus thinking about fast money schemes will only make matters worse. It would be preferable if we could devise strategies to keep things operating smoothly. The most challenging aspect of BTC investing is maintaining it (HOLD).

The crypto market is really tough to survive in. You need to be good at managing your money and keeping your emotions in check. This is more important than knowing all the stuff. A lot of people get into the market because they see others making money and they want to make some. They take risks at the wrong time and end up losing all their money in the end.

I have learned this from my experience. When the market is going up and you see all those candles it is easy to get too comfortable. This is when you need to be careful and think clearly. You have to control your emotions and make decisions about your money. It is not easy to hold onto Bitcoin when the market's all over the place.. The people who do well in the end are the ones who can ignore the ups and downs and focus on their long term goals.

You are actually on the wrong thread since we're not talking about trading here but bitcoin investing. You have tried with trading and lost, then why not give investing a chance? Bitcoin investment is the best shot even in profitability if you can overcome the desire to sell in a short while. Bitcoin investment is all about your determination and consistency to keep adding to your portfolio and hold for long that determines your success.

The smart thing to do is to have a plan and stick to it of making decisions based on how you feel at the moment. Crypto market and Bitcoin are all, about being patient and following a strategy.

The smart thing to do rather is remaining consistent in your buys and holding for a long-term, making decisions with respect to your cashflow and managing it very well in order to remain invested into bitcoin for longer, for example if there is an increase in expenses for a particular period, then it is okay to cut down your buying amount with respect to available discretionary income and when there is less expenses or you receive a gift, bonus or any other side income, you can use it to increase your buying amount for that period. Buying amounts can be flexible, it all depends on your discretionary income and your choice of aggressiveness still from a point of comfort and zero financial strain.

[Princess Leah]

I somewhat agree with your view that Bitcoin's the best. Bitcoin is special because it is not controlled by any one person or group which makes it like a version of gold and a great way to store money.

I do not think it is fair to say that Ethereum or other alternative coins are not worth anything. While Bitcoin is good, for storing money Ethereum is a platform that allows for different things to be built on it. Its smart contracts and other technologies are helping to keep the blockchain system moving forward.

Bitcoin and Ethereum were made for reasons. Bitcoin wants to be a currency that everyone can use while Ethereum wants to be a new way for people to do financial things on the internet. Even though Ethereum was started by one person it has grown into something bigger and more diverse. So of only investing in Bitcoin I think it is a good idea to also consider Ethereum because of its technology. Bitcoin is still a core investment but Ethereum should not be ignored.

You already agreed that Bitcoin is the best so why thinking of considering another coin that solely depends on the growth of Bitcoin, why not focus all your attention on accumulating more Bitcoin with the funds you want to consider Ethereum with, well I'm not against your opinion but just giving you my thought, you should think about it.

 I like where you noted that "Bitcoin is not controlled by anyone or group of people" it is controlled by everyday users through demand and supply which makes it more better for investment cause there can be no rug pull on it compared to Ethereum that could be rug pulled by the owner anyday he chooses, so I agree with that dude that based on investment purpose other coins ain't worth it to an extent.

[IjawMan]

I somewhat agree with your view that Bitcoin's the best. Bitcoin is special because it is not controlled by any one person or group which makes it like a version of gold and a great way to store money.

I do not think it is fair to say that Ethereum or other alternative coins are not worth anything. While Bitcoin is good, for storing money Ethereum is a platform that allows for different things to be built on it. Its smart contracts and other technologies are helping to keep the blockchain system moving forward.

Bitcoin and Ethereum were made for reasons. Bitcoin wants to be a currency that everyone can use while Ethereum wants to be a new way for people to do financial things on the internet. Even though Ethereum was started by one person it has grown into something bigger and more diverse. So of only investing in Bitcoin I think it is a good idea to also consider Ethereum because of its technology. Bitcoin is still a core investment but Ethereum should not be ignored.

How you try to compare Bitcoin to ethereum do looks strange how you not looking into the success range of Bitcoin and Ethereum over the years and which would you encourage an investor to plunge his money into it for a long period of investment term.

When was ethereum last All Time high? How do you encourage a long term investor to alternate on such a coin over Bitcoin that have made several highs from when last ethereum did it last high.

Ethereum in a way is a shit coin, centralised, meaning it can easily buy manipulated in price and where utility is prioritised ethereum does not come close to Bitcoin. 

[Ashawowo(OS)]

I somewhat agree with your view that Bitcoin's the best. Bitcoin is special because it is not controlled by any one person or group which makes it like a version of gold and a great way to store money.

I do not think it is fair to say that Ethereum or other alternative coins are not worth anything. While Bitcoin is good, for storing money Ethereum is a platform that allows for different things to be built on it. Its smart contracts and other technologies are helping to keep the blockchain system moving forward.

Bitcoin and Ethereum were made for reasons. Bitcoin wants to be a currency that everyone can use while Ethereum wants to be a new way for people to do financial things on the internet. Even though Ethereum was started by one person it has grown into something bigger and more diverse. So of only investing in Bitcoin I think it is a good idea to also consider Ethereum because of its technology. Bitcoin is still a core investment but Ethereum should not be ignored.

You're still throwing some vague concepts around which in no way connects to the idea currently being discussed in this thread, we are not here to compare coins, we're here to discuss how to invest effectively into bitcoin and remain in it for the long-run and good practices to employ that would ensure we have a successful investment into bitcoin. The thread is focused on bitcoin alone, so you can either flow with the thread or go somewhere else. We are not focused on the use cases of coins here, we are interested in accumulating as much bitcoin as we can within our holding period. Here investing in bitcoin is the central idea and I advise you do away with your meddling in shitcoins and focus on the gathering as much bitcoin as you can, provided you've discretionary income available.

[JayJuanGee]

If someone wants to learn to swim, they have to jump into the river. Only then can they become a better swimmer, because you can never become a good swimmer just by standing outside.
The same rule applies in investing if someone wants to learn trading or the basics about investing he needs to put some money in because this will help him, and he will have a better understanding and value of things.
Bitcoin investment surely has big potential, and everyone can take advantage of this. I'm already in and now looking for more and better understanding. This is only possible while I'm in with my funds.

Yes,, in some ways, I agree with your assumption, friend. It's true that someone who doesn't directly dive into the field they're pursuing will certainly not achieve the same results as someone who does. But it's also important to remember that if you compare someone investing in Bitcoin to someone jumping into water,, I think there's one thing you should consider. What would happen if someone who can't swim at all and doesn't even know the theory of swimming jumped straight into deep water?? I'm sure that would be extremely dangerous and could even be life-threatening...

Therefore,, even if they can't swim initially,, to be safer, they should first learn swimming theory, which they can then apply once they're in the water. So, I think this is also very important to consider when someone wants to invest in Bitcoin. Because basically, if someone immediately jumps into Bitcoin with zero knowledge, it will definitely be very dangerous. Therefore, it is very important to understand the basics of how to invest in Bitcoin before jumping in.

you don't necessarily need a basic knowledge as per starting to invest in bitcoin. What you need is common sense on how figure out the availability of Discretionary Income then after that you gain whatever knowledge that is important as you continue with your bitcoin accumulation. So it won't be a wise idea for someone that has figured out there Discretionary income not to start accumlating bitcoin because they want to acquire basic knowledge before starting. All what they need is common sense on how to figure out things.

You are complicating things if you ask me because I don't see any difference between having common sense and having basic knowledge prior to getting started in to bitcoin investment, every one needs the basic knowledge which is the common sense before starting their Bitcoin investment, with basic knowledge you will understand the need to figure out if you have a discretionary income or not, with basic knowledge you will know preliminary things about bitcoin good enough to get you started and all of this are still common sense.

Common sense does not necessarily relate to any specific knowledge, since it relates to being able to exercise good judgement in terms of recognizing what you know and what you don't know.

So if a person has common sense, but he does not know how to calculate whether he has discretionary funds, then his common sense would guide him in recognizing that he needs to learn how to calculate whether he has discretionary funds and also enough discretionary funds to get started investing in bitcoin.

A guy with common sense would also recognize that if he does not know much about bitcoin, yet he is able to calculate that he has discretionary funds, then he would invest an amount (likely small amount) that is commensurate with his lack of knowledge... so his common sense would tell him to start out slow since his discretionary funds have to also be used for building his back up funds and any other discretionary consumption that he might have.  His common sense would tell him that as he becomes more confident and knowledgeable, then he could invest more into bitcoin.

So a beginner to bitcoin only needs discretionary funds and common sense to get started, and the common sense is not specifying any specific kind of knowledge, even though anyone coming to consider bitcoin is going to be starting from some already existing skills, knowledge, experiences, and figures out whether and how much to start to invest into bitcoin based on his assessment of his own particular situation and using common sense that is providing him with reasonable judgement and perhaps even needs to pace himself in his bitcoin involvement and his ongoing learning that likely faces all beginners, even though some might be starting with higher levels of skills, knowledge and/or experiences than others.

If someone wants to learn to swim, they have to jump into the river. Only then can they become a better swimmer, because you can never become a good swimmer just by standing outside.
The same rule applies in investing if someone wants to learn trading or the basics about investing he needs to put some money in because this will help him, and he will have a better understanding and value of things.
Bitcoin investment surely has big potential, and everyone can take advantage of this. I'm already in and now looking for more and better understanding. This is only possible while I'm in with my funds.

Yes,, in some ways, I agree with your assumption, friend. It's true that someone who doesn't directly dive into the field they're pursuing will certainly not achieve the same results as someone who does. But it's also important to remember that if you compare someone investing in Bitcoin to someone jumping into water,, I think there's one thing you should consider. What would happen if someone who can't swim at all and doesn't even know the theory of swimming jumped straight into deep water?? I'm sure that would be extremely dangerous and could even be life-threatening...

Therefore,, even if they can't swim initially,, to be safer, they should first learn swimming theory, which they can then apply once they're in the water. So, I think this is also very important to consider when someone wants to invest in Bitcoin. Because basically, if someone immediately jumps into Bitcoin with zero knowledge, it will definitely be very dangerous. Therefore, it is very important to understand the basics of how to invest in Bitcoin before jumping in.

you don't necessarily need a basic knowledge as per starting to invest in bitcoin. What you need is common sense on how figure out the availability of Discretionary Income then after that you gain whatever knowledge that is important as you continue with your bitcoin accumulation. So it won't be a wise idea for someone that has figured out there Discretionary income not to start accumlating bitcoin because they want to acquire basic knowledge before starting. All what they need is common sense on how to figure out things.

Bro, common sense alone won't be enough to get someone started investing in Bitcoin. What I'm referring to here is laypeople who have never invested before. Basically, if you don't learn a little basic knowledge about investing in Bitcoin, how will you know which exchanges are good for buying Bitcoin? Then, how do you buy it, and how do you deposit fiat funds into the exchange? So, this requires a little study, because it would be fatal if someone who hasn't learned anything wants to deposit fiat funds into the exchange and makes a mistake; their money will surely disappear.

So,, this is where learning a little is crucial to start investing in Bitcoin. Do you think people who are unfamiliar with Bitcoin will immediately know how to deposit funds and buy Bitcoin?? Absolutely not.. Because I reflected on myself when I was a novice. Honestly,, I was confused when I wanted to buy Bitcoin. So,, from there, I learned a little basic knowledge, and finally I understood. So that's why I emphasize learning a little basic knowledge when investing in Bitcoin.

Perhaps you used common sense to figure out what you knew and what you did not know, and you determined what you felt that you needed to know in order to feel more comfortable getting started and to figure out your starting out amount.  You did not necessarily need to know any specific thing about bitcoin in order to get started, beyond maybe where to source it.. and you could largely learn as you go, yet you decided that you wanted to feel more comfortable with certain aspects of bitcoin prior to your getting started, yet others come to bitcoin with other skills, knowledge and/or experiences that might contribute to their drawing the line in a different place in terms of what more that they felt that they needed to learn before getting started.

[Rockson1]

Altcoins are joke , they have no use or value. I don't even remember the specifics function of  Ethereum does in the ecosystem. Ethereum can never be like Bitcoin in a million years to come. Bitcoin doesn't have any owner or CEO that influence it's, unlike Eth and rest of Altcoins where it's owners can wake one day and decide to dump on their community. The future of Ethereum looks rough, Bitcoin has gained massive adoption from countries and it will continue because they are adding to their daily payment system. Using Ethereum or other Altcoins as a means of storing wealth is not advisable. Bitcoin is the way , and can't be compared to any other unreasonable coins.

Is anyone arguing that, so it is now comparison right, what the fuck is ETH when talking about Bitcoin, ETH is just a coin that may not reach the milestone of Bitcoin, should we start talking about this, what has been the highest ATH of ETH, I do not think it has event reached $5k, so why will be wasting my time talking something we already know, the decentralized nature of Bitcoin, reliability and it's long-term prospects makes it too easy for anyone to identify it as a unique digital asset, when bitcon drops a bit check the price of those altcoin, it will look as if the they were push down from sky scraper, bitcon is the digital asset that has gain people's trust and it will be an insult to even try to compare it with those little things.

[MissNonFall9]

The thinking of making quick money leads people in the wrong way, so a newbie should stay away from this kind of mindset to avoid losses. That is why I am only mentioning the newbies here that many people come to the crypto space with the intention of making quick money. And those who are experienced already know the matter well. Because the first thing that needs to be known for success in any work is money management.

So what a person needs to be successful in Bitcoin is patience. The opposite mentality of quick profit is to stick with Bitcoin patiently. Although investing patiently sounds easy, it is a little difficult but its results are much better than a person's expectations. So, leave the shitcoin and continue to invest with Bitcoin with long term objectives.

Managing money well is one of the keys to achieving success in anything that involves money such as doing business or investing or trading, besides that we must also be able to manage ourselves not to be complacent about the benefits obtained which makes us forget about the risks. Also with the mindset that of course it is a mistake to set from the beginning to do something only prioritizing money, so only thinking about fast money schemes, it will only make things worse. It's better if we can think of ways to keep it going well. As in BTC investing, the difficult thing is to maintain it (HOLD).

I also don't like to work only with money as a priority. Because this mentality will encourage a person or an investor to go the wrong way. So we should focus on building a large amount of wealth in a stable way. So whoever has discretionary income should start using it for investment, even if it is a very small amount. Gradually, by constantly investing in Bitcoin, a large amount of wealth will be built up at one time.

[GhostOfBitcoin]

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Common sense does not necessarily relate to any specific knowledge, since it relates to being able to exercise good judgement in terms of recognizing what you know and what you don't know.

So if a person has common sense, but he does not know how to calculate whether he has discretionary funds, then his common sense would guide him in recognizing that he needs to learn how to calculate whether he has discretionary funds and also enough discretionary funds to get started investing in bitcoin.

A guy with common sense would also recognize that if he does not know much about bitcoin, yet he is able to calculate that he has discretionary funds, then he would invest an amount (likely small amount) that is commensurate with his lack of knowledge... so his common sense would tell him to start out slow since his discretionary funds have to also be used for building his back up funds and any other discretionary consumption that he might have.  His common sense would tell him that as he becomes more confident and knowledgeable, then he could invest more into bitcoin.

So a beginner to bitcoin only needs discretionary funds and common sense to get started, and the common sense is not specifying any specific kind of knowledge, even though anyone coming to consider bitcoin is going to be starting from some already existing skills, knowledge, experiences, and figures out whether and how much to start to invest into bitcoin based on his assessment of his own particular situation and using common sense that is providing him with reasonable judgement and perhaps even needs to pace himself in his bitcoin involvement and his ongoing learning that likely faces all beginners, even though some might be starting with higher levels of skills, knowledge and/or experiences than others.

Yes, damn true, buddy. To survive in the Bitcoin market you need to have sense and be aware of what you are doing. Being a called expert is not as important, as having these basic things.

From what I have seen a lot of people get caught up in the fear of missing out. They put all their money into Bitcoin . They even borrow money to invest.. Common sense tells you to start by figuring out how much money you can really afford to invest. You should calculate your money and start with a small amount. Investing in crypto is something you learn about over time. When people first start they do not all have the experience.. The smart thing to do is to know what you do not know and make good decisions. The Bitcoin  market is always changing so you have to keep learning about the Bitcoin or crypto market.