I've Been Wasting My Time With Bitcoin

[tabas]

I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself.

I'm afraid of those people that have been hyped with the testimony of lucky people that they've entered early with altcoins and then told that the real money is there. If it works for them, it might not work for the others. But it doesn't mean that the money is only on Bitcoin or altcoins. It's entirely on the crypto market and you just have to position yourself well on which might work for you. If you find investing in Bitcoin is only for the rich, I am not rich but fortunately able to stack a few of it when it was still low. Investing in general requires patience and you should avoid all the hype that an asset is getting. Bitcoin isn't made by hype or any trend out there that we mostly see with altcoins. Investing in Bitcoin requires patience and more of it. It may look expensive right now but this is the safe haven for this market and compared to altcoins volatility, you'd see that everytime Bitcoin moves, they follow just as of now.

[mirakal]

I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself.

If you are here for quick profits, I believe investing in altcoins would satisfy your longing but only if you have invested in the right altcoins. Otherwise, if you end up with the wrong ones most particularly with new altcoins, you will only get scammed in the end. That's the time you'll realized that its way safer investing in bitcoin. Although the profits might take longer before you'll have it, but rest assured you'll never get scammed investing with bitcoin, unless if you invest without caution.

[ChiBitCTy]

I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself. 

This is an extremely ignorant statement.  There's a solid chance whomever wrote this has an agenda in mind and is just trolling or doing something to that extent.

You don't have to be rich to buy *fractional shares* of bitcoin.  You can purchase .000001 or .001 or whatever, and there's no need to be rich.  Bitcoin is a legitimate cryptocurrency where as these altcoins and shitcoin are just way you say, shit.  I mean thats not saying you can't make money with them, but they aren't legit.

I would NOT listen to OP here, they don't know what they're talking about or just spreading FUD

[Jegileman]

I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself. 

So are you telling mr that research have it that the most successful people in the crypto space makes their money off bitcoin investment and achieved that money through altcoins and shitcoins? It is very clear that you’re not an agitator of bitcoin and you’ll want to discourage anyone that wants to invest in them because you’re a gambler. A gambler is the only person that will just despise bitcoin and also tell people not to invest in bitcoin because it’ll take them some time before they’ll make money from it. Bitcoin is not for everybody and that doesn’t  mean you should discourage others that are interested in it. If shitcoins and altcoins that you need to gamble with works best for you, don’t discourage others that have other sources that will work best for them with less risk.

[Fara Chan]

I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself. 

Have you done your own research on what you are saying? Because after I did some research when I was new to crypto and also after the previous Bitcoin cycle that had reached ATH, the average highest income was in Bitcoin and the average who often experienced scams were people who were too trusting of the new shitcoins. So in conclusion, Bitcoin can be suitable for any investor without limiting certain groups to the amount of their funds (rich or poor) because Bitcoin can be purchased by anyone in very small amounts.

While the altcoins and shitcoins that you suggest are temporary projects that sometimes do not have the potential and continuous development in the future so that they can be vulnerable to losses for their holders and that is something I have seen in the past where there are many altcoins that cannot rise and continue to experience price declines when Bitcoin does not increase well in the market. This means that we can say that the good or bad trend of the crypto market is very dependent on the good or bad increase in the price of Bitcoin so that in terms of crypto it seems inappropriate to say that Bitcoin is bad or only suitable for certain people (rich).

[Rabata]

I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself. 

Not everyone can benefit from investing in Bitcoin. Before investing, an investor must know that there are certain things that he needs to pay attention to before investing in Bitcoin. Not everyone will be able to make the kind of investment required to invest in Bitcoin, which is why not everyone will be able to make profit.

Investors who do not have enough money to invest are less likely to profit from investing in Bitcoin. Because he will not be able to maintain that investment for a long time.

A time frame should be set before investing in Bitcoin but if he is worried about small price drops then Bitcoin investment is not for him.

Bitcoin is the best investment for investors who want to keep their assets safe. But after knowing the mentioned things, if an investor wants to keep his money in altcoins or sheet coins, then they will be among the losers in time.

[ranochigo]

You think of Bitcoin as a way to get rich quick, but you are ignoring the fundamental functions of Bitcoin. Bitcoin is a currency, and it should be treated as such. If you think you would like to gamble with your money, then you should probably invest in some shitcoins and hope that it goes up.

Bitcoin should ideally be a stable currency overtime without much fluctuation. Ideally we wouldn't want to have Bitcoin increase and decrease in it's value wildly but having a more stable valuation as time goes by. If you treat cryptocurrencies as your get rich quick scheme, then I would advice you to not waste your time as well.

[Mame89]

I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself. 

Your mindset needs to be changed, bitcoin is for everyone to achieve financial freedom, not only for the rich but also for the poor. because you can buy bitcoin in small amounts using the dca method, and storing it in the long term will make you rich. Maybe you also need to learn again what are the advantages of bitcoin compared to altcoin and study the history of bitcoin prices from year to year so that this will change your mindset about bitcoin and of course you will realize that you are not wasting your time with Bitcoin.

Atlcoin is very risky, it can indeed make money in the short term, but you can also lose money in an instant and if you are a beginner, you must be very careful in choosing altcoin, don't just follow suit, especially without doing good independent research. Both bitcoin and altcoin can of course be profitable but if you want to invest for the long term and safely then bitcoin is the right choice. So it is wrong if you say bitcoin is only for rich investors and investing in bitcoin will only waste your time.

[pinggoki]

I could see why you'd say that but think about it this way, bitcoin is continuing to grow in popularity as time goes by and we all know how it is when it comes to popularity, the demand for that popular thing increases and when the demand goes up, you'll definitely going to see the price skyrocket to heights that you or anyone ever previously expected to get to that point, although I do agree that bitcoin is for rich but I think that it's still as accessible to everyone as it was back then, maybe the value isn't there but hodling is going to be your friend so I wouldn't say that it's not that good of an investment anymore, also make sure to not risk too much money in altcoins because even if you pair it with all of the research you've got, it wouldn't matter if the altcoin devs did a rugpull or it's just not what your research showed to you.

[Hewlet]

I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself. 

so if asked if you would prefer shitcoin to Bitcoin you will say this right? I guess this should be coming from someone that's probably looking for a get rich quick scheme as a means of doubling is money faster enough and want to rely in the hype and short term profit he sees from the numerous pump and dump projects he's seen out there. Alot of more relevant skeptics have held on to a better opinion as to the reason why they we're interested in Bitcoin but now, they are the ones at the forefront of Bitcoin advocacy and let's just hope you get to learn your lesson soon enough so you know that shit coins aren't worth the energy.

Bitcoin wasn't even created as a get rich quick scheme and it's just normal that anyone that has such kind of mentally won't do well at it. Most of the altcoins that you've seen getting all the hypes will only last for sometimes after which the season comes to a close and it goes off the limelight, are those what you're using to make comparison with Bitcoin?

[fuguebtc]

I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself. 

In general, you can invest anywhere because it's your money and as long as you know what you're doing with your money. If you want fast, high profits then altcoins will obviously suit your taste better, but don't forget that high profits come with high risks.
Most people here will choose bitcoin although the profits will sometimes not be as big as alts bring but one thing is for sure it is much safer. It depends on each person's preferences because I believe people here are also investing in altcoins but it won't take up too much of their portfolio .

By the way, bitcoin is for everyone, even the poor because you can invest in it with any amount of money you have. But if you are looking to get rich quickly with little capital, it is true that bitcoin cannot give you that.

[terrific]

By the way, bitcoin is for everyone, even the poor because you can invest in it with any amount of money you have.

Even if you keep on telling them that it is for everyone and this is a free market, they will reason out with you that it's not for them when they're poor and that is because Bitcoin is too expensive for them already.

But if you are looking to get rich quickly with little capital, it is true that bitcoin cannot give you that.

And that's how many of those people are becoming a victim of scam. Because they're falling for it and they're not content to what they have. Bitcoin is already a good start for them to invest with their money but they want something to make them rich overnight, there's no such!

[Yatsan]

I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself. 

Crypto currencies were actually intended to be the people's currency. Records were to be kept in a way that was decentralized, distributed and immutable. The entire network was transparent and open for inspection as part of the architecture of trust.
No matter how good your timing is, it's never going to be perfect even in Bitcoin, Altcoin, or any other crypto. Day will come you'll regret getting into rising coins late and holding into sinking ones, exploring can be but be cautious and smart at the same time, we may have different views, but we are all beneficiaries of blockchain technology

[bitLeap]

I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself. 

Wait, give me a second to catch my breath. hmmm

Does this kind of bullshit need to be taken seriously or responded to with bullshit? The fact is, no one is forcing you to spend money on bitcoin and vice versa, there is no need to dictate to others with shitcoin bullshit. You tell others to pick up leftovers instead of making your own order?


I entered the wrong room 

[Lucius]

I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself. 

You are spending your days here making shit posts with just about 0 value.
If you spend any time at anything putting in no effort just spouting garbage you are going get get nothing.

As is stated frequently in programming Garbage In -> Garbage Out.

There are plenty of people who have started in BTC recently and doing quite well with minimal investment. You put in zero and got that in return.

-Dave

I share your opinion, the OP created a bunch of low value content, and he obviously thought that he would achieve something with it - now that he realized that there was nothing from it, he suddenly changed his mind about BTC. Just one more in a series of those who thought that Bitcoin is a magical money that rises at least 10% every day and in a month you are a rich man.

We should ask him what he thinks about altcoins in a month or two when he becomes aware of pump&dump schemes.

[Ultegra134]

This is an extremely ignorant statement.  There's a solid chance whomever wrote this has an agenda in mind and is just trolling or doing something to that extent.

You don't have to be rich to buy *fractional shares* of bitcoin.  You can purchase .000001 or .001 or whatever, and there's no need to be rich.  Bitcoin is a legitimate cryptocurrency where as these altcoins and shitcoin are just way you say, shit.  I mean thats not saying you can't make money with them, but they aren't legit.

I would NOT listen to OP here, they don't know what they're talking about or just spreading FUD

The OP's point is that those fractions of bitcoin are unlikely to make him much money. Let's be honest here: 0.001 BTC won't make you any money. Bitcoin is currently at approximately $62,000; thus, 0.001 BTC is $62. On the one hand, it's unreasonable to believe that such a small amount can yield great profits, but this idea stems from the earlier days in 2012–2015, when its value was significantly lower, and because of pump and dump coins that may or may not become profitable, they're purely a gamble and shouldn't be considered a valid investment.

[passwordnow]

The secret to making any money from crypto is NOT bitcoin.

But, Bitcoin = crypto.

The OP's point is that those fractions of bitcoin are unlikely to make him much money. Let's be honest here: 0.001 BTC won't make you any money. Bitcoin is currently at approximately $62,000; thus, 0.001 BTC is $62. On the one hand, it's unreasonable to believe that such a small amount can yield great profits, but this idea stems from the earlier days in 2012–2015, when its value was significantly lower, and because of pump and dump coins that may or may not become profitable, they're purely a gamble and shouldn't be considered a valid investment.

This is a good comparison. The early buyers have got the edge to make more profit than the new ones that are shrimps to the market and have lesser amount to invest on Bitcoin. But if it's with bulk amounts like more than 0.01BTC, they're part of those investors that are likely to make some profit with a few thousands of move. And just as the stock market, there are a lot of choice there but they've got lesser volatility. The volatility that bitcoin has got will become lesser as time passes by. For the assurance of someone who wants to make money in the long run, Bitcoin is still a good choice as it's the blue chip stock of the whole cryptocurrency market. Also to compare the past prices of Bitcoin, we'll never have an idea on how high it will be.

[ultrloa]

I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself. 

Its up to you if that's what you feel towards bitcoin since somehow its hard to convince a person if they don't see any worth on something they don't like. Maybe you need to get an experience to deal with altcoins and shitcoins since it seems like you didn't experience to lose your money on a lot of rug pull schemes happening on this tokens.

Investment needs patience and you need to have that if you want to acquire bitcoin. But it seems you want a fast profit that's why you think altcoin and shitcoins could give you what you like to happen. But everything is not guaranteed in the path you choose since market for those tokens is so volatile and risk to get scam is so high so maybe you might realize later on that bitcoin still more better than those tokens you mentioned.

[shield132]

I never knew the real money was in altcoins and shitcoins. Bitcoin is simply for rich investors. If you're just starting out in cryptocurrency investing, it's best to ignore Bitcoin and the hype it receives on this forum. The secret to making any money from crypto is NOT bitcoin. Research, test, and see for yourself.

The real money is in Bitcoin, its market cap size and its influence over altcoins' price prove that. It's also not for rich investors but it's for those who want almost guaranteed profit with a normal ROI range like 500% on average. If you want to buy a coin that will bring you 1000x profit, then Bitcoin is not really for you but you need to be super lucky to find such a coin. These days, only meme coins achieve that level of return on investment and buying them is risky as hell.
P.S. Besides investment option, Bitcoin is a currency, a payment method, one of the decentralized cryptocurrency with the highest level of adoption and usage, this is the reason why Bitcoin receives hype on this forum.
P.P.S. this is a Bitcoin forum, Bitcointalk.

[SuperBitMan]

Before I started investing in Bitcoin I invested in new coins and I lost a lot of money, the only reason you are saying these is because you don't want to be patient, Bitcoin is a very nice investment.
A lot of people wants to take Bitcoin as there only source of income which is not a good idea, like me I'm working and I only decided to have an investment I tried some which did not go down well with me and that is why I decided to go into Bitcoin investment.
Bitcoin investment is not only for the rich I will say Bitcoin investment is for people who has a source of income, if you have a good source of income you can accumulate and hold Bitcoin for long time and that is the only way you can make good profit from Bitcoin.
If you no you don't have a source of income don't bother investing if not you will feel frustrated.