Focus more on accumulating Bitcoin rather than memecoins

[igebotz]

With the word crypto currency on the rise in world  and with an acceptance level across the world especially in Nigeria it's time that my Nigerian people should  know that Bitcoin is not just any  crypto project like any of those coins that are over crowding the coin market and that Bitcoin is the key to the financial system of the world in the future with a fast growth rate over a given period of time which has helped Bitcoin becomes more successful infact am really surprised when ever I see how Bitcoin has suppased all expectations because when Bitcoin started a lot of people refused to take it even for a dollar but today The story is different as Bitcoin is the hope and vision of many so my Nigerian people when going into crypto don't invest your hard earned money into any meme coin that you're not sure of growth in the future but invest into Bitcoin because Bitcoin is proven and trusted over the years

I trade memecoins and invest a portion of my earnings in Bitcoin. Trading memecoin does not preclude anyone from owning Bitcoin, and I am confident that 90% of memecoin traders also own Bitcoin.

The goal for most traders is to profit as much as possible from memecoins in order to increase their BTC holdings. It is risky, but with a strategic plan, you may make some good money. It's a rapid in/out scheme.

[Promocodeudo]

Personally, I wouldn't invest in any coin apart from bitcoin because I am after piling up wealth for my old age and not to be gambling and waste the resources that I can use to get a better life at old age. People should know what they want and the difference between long term asset which I bitcoin and altcoins whose future is not certain to be profitable in the long run. With bitcoin your capital is safe as long as you hodli for long without trading.

You're are absolutely in the right track, when I see people considering to invest in altcoins it gets me irritated because most time people that are trying to take this steps are even OGs so it is funny, though I understand their reasons for this which is making fast profit and high one in that matter which not still a sure thing, for me what matters to me as a bitcoiner is my bitcoin portfolio and how many stack of Bitcoin I will be able to accumulate as soon as possible and hodl for a long-term, am a Bitcoin enthusiasts and am not going back on that, many people has lost a lot in altcoins investment as such many of them are even ashamed of sharing the story because they feel they'll be mocked based the fact that people will say they already know that this will happen and they still went ahead to do it.
How will someone even think of investing in a pump and dump coin that's capable of ruining individual financially, though it is a personal decision but if am to advise, I think it is better for us to concentrate on Bitcoin investment alone to build a strong portfolio for our future and the future our children as the case may be.

[Egii Nna]

Accumulating bitcoin is not always the key; that is why we say you need more knowledge as a newbie, so that you can make analysis and take risks to invest in other memecoins so that you can get much profit. I didn’t say investing in bitcoin will not give you profit. No, it will give you but it depends on the amount you invest, but other memecoins can still give you 5x - 3x of your minor even more. So having knowledge about crypto entirely will make you know that bitcoin will not give you quick and fast profit, but it is the surest coin that will hardly crash down all your money. That is why investing in memecoins is very risky, and it is not everyone that succeeds from it, so get more knowledge.

[Sticky Bomb]

Personally, I wouldn't invest in any coin apart from bitcoin because I am after piling up wealth for my old age and not to be gambling and waste the resources that I can use to get a better life at old age. People should know what they want and the difference between long term asset which I bitcoin and altcoins whose future is not certain to be profitable in the long run. With bitcoin your capital is safe as long as you hodli for long without trading.

Your strategy is very good as long as it helps you achieve your aim which is very important, I have a rather slightly contrary belief to that extremism in bitcoin investment. There's some cool projects that are still in their beginning phase, just like bitcoin in 2009 and its cool to invest very little amount into it. Although they cannot be compared to bitcoin, but there's nothing wrong in spreading your tentacles.

I use those altcoins investment just like gambling and I just invest what I can afford to loose on them, it doesn't hurt since I use same amount or even more than that to gamble and still loose it without being disturbed, who knows if the projects becomes prominent and appreciates in value pretty soon, I might well be one of their early adaptors and reap good profits

[EluguHcman]

Really the manner by which the crypto firm has been flooded with some what meme coins after Bitcoin has made it the industry a dream comes through with those potential interests of digital and decentralized volatile currency should be enough reasons to be careful of investing in the meme coins.

I love the fact that this thread is in the Nigeria local board because I would love to refer this phrase of meme coins and Bitcoin to be meme coins are imitations of Bitcoin and in our dear reality life as Nigerians, we can only get the best quality products from which maker (product) that was firstly produced before other inventors ventures to reproduce it or similarly.

Bitcoin as the first successful Crypto currency existed since 2009 and has never disappointed instead it is gaining not just dominance but also expanding on it potential values is that one crypto currency to invest on especially if we are not good of gambling with our funds because investing in the meme coins is highly risky as gambling due to it market hypes and high volume of volatilities.

[Yablee0]

With the word crypto currency on the rise in world  and with an acceptance level across the world especially in Nigeria it's time that my Nigerian people should  know that Bitcoin is not just any  crypto project like any of those coins that are over crowding the coin market and that Bitcoin is the key to the financial system of the world in the future with a fast growth rate over a given period of time which has helped Bitcoin becomes more successful infact am really surprised when ever I see how Bitcoin has suppased all expectations because when Bitcoin started a lot of people refused to take it even for a dollar but today The story is different as Bitcoin is the hope and vision of many so my Nigerian people when going into crypto don't invest your hard earned money into any meme coin that you're not sure of growth in the future but invest into Bitcoin because Bitcoin is proven and trusted over the years

Investing in either of these two is a matter of choice, regardless of the advantages or benefits involves in them.

 No doubt bitcoin is a high valued coin that appreciate over time which I know well, regardless, the next man can still go for shitcoin over bitcoin because he want a quick money which turn out to be a big lost to him at it end.


However, I consider splitting your investment funds could be the best way out to this thread. By putting atleast 60% to bitcoin investment, 20% to gamble investment (shitcoin) and 20% as a reserve funds (emergency funds).

[GiftedMAN]

With the word crypto currency on the rise in world  and with an acceptance level across the world especially in Nigeria it's time that my Nigerian people should  know that Bitcoin is not just any  crypto project like any of those coins that are over crowding the coin market and that Bitcoin is the key to the financial system of the world in the future with a fast growth rate over a given period of time which has helped Bitcoin becomes more successful infact am really surprised when ever I see how Bitcoin has suppased all expectations because when Bitcoin started a lot of people refused to take it even for a dollar but today The story is different as Bitcoin is the hope and vision of many so my Nigerian people when going into crypto don't invest your hard earned money into any meme coin that you're not sure of growth in the future but invest into Bitcoin because Bitcoin is proven and trusted over the years

I trade memecoins and invest a portion of my earnings in Bitcoin. Trading memecoin does not preclude anyone from owning Bitcoin, and I am confident that 90% of memecoin traders also own Bitcoin.

The goal for most traders is to profit as much as possible from memecoins in order to increase their BTC holdings. It is risky, but with a strategic plan, you may make some good money. It's a rapid in/out scheme.

I stopped trading memecoin because it doesn't work for me and I do not discourage anyone who takes profit from trading memecoin to invest in Bitcoin because most times a pump in memecoin can give you a profit of x10 depending of you strategy but the loss is usually heavy because most of them are pump and dump coins.

So many traders focus on memecoin trading to generate profit to do Bitcoin investment they many not be open about this but if you look at most of the profits generated by traders the majority of it comes from trading memecoin but I still find it difficult to get the right strategies may be that's why I haven't made profit yet.

[sokani]

Your advice dey good. Memecoin nah coins wey we suppose stay far away from because dem be pump and dump. Dem no get use cases, dem dey thrive on hype and wen the hype die, the price go drop and in most cases the token no go recover again and you go lose your money. Instead of wasting your money on that kind project, e better to buy Bitcoin and hodl and when you eventually sell you go make profit. Aside Bitcoin, other blockchain based coins like SOL, BNB and ETH nah also better coins wey dey good to invest.

[Samlucky O]

This matter has been emphasized repeatedly so many times and we are used to it. Just that you are a newbie and may even be the one that need this advise the most. Many of us here has pass through thick and thin about different alt coins that look promising and later where known to be scam all way long. So in general conclusion investing in altcoin is determined by the investor, the mathematic has be solved already by @charls-Tim and I agree with him. Or better still you can invest %90 in Bitcoin and %10 in altcoin. if anyone insist on wanting to try out altcoin then %10 is ok to gamble with.

[Zackz5000]

One thing about meme coins and bitcoin is that they don't hinder eachother. Bitcoin has been existing for long and has built the reputation it has today. Investing in bitcoin does not also stop someone from having a meme coin.

It all depends on your understanding. Most meme coin don't have long term value but pays off when it's still new. Knowing when to invest in meme coin is also a good knowledge but only Bitcoin is worthy of investment.

Bitcoin is still a better option than meme coin so don't be carried away by it's immediate value since it can ruin your life in a twinkle of an eye.

Puting Money is memecoin is a big waste of time it is also advisable to put 10% of your income into memecoin or shitcoins because of its risk involved so that you won't feel much of the pain if your money gets lost.
Investing into bitcoin is the best thing one can do for himself, one can immediately start accumulating Bitcoin if the discretionary income is ready, by using the DCA strategy one can start accumulating Bitcoin gradually either weekly or monthly regardless of the price of Bitcoin and HODL for long, bitcoin also has great potential than memecoin or shitcoins so focusing on accumulating Bitcoin without been distracted by memecoin is the best way to go.

[Marykeller]

If you are able to bear losses then invest into memecoins, most altcoins and memecoins are the risky kind of investment when we talk about cryptocurrency investment, whatever case maybe Bitcoin isn't risky, at what price you buy just left to hold for time being, it's always a promise that soon their will be price change, profits are always ensured when dealing with Bitcoin.

Don't put all you get into memecoins, diversifying your funds into separate halves, also knowing that memecoins are risky and just like gambling, if you do not understand this risk factors then avoid going into memecoins instead just stick with Bitcoin totally.

Every investment comes with its risk, depending on how it is followed and how it is being visualized. Bitcoin has its risks, although it is less risky than we can have it when compared with other altcoins.

The difference between Bitcoin and altcoins is that if Bitcoin declines in price, in the short term, it bounces back in price. Someone can't give the same account for altcoins because they don't know what the future holds for the altcoins they put their trust in. For altcoins to recover their previous high price in the short or long term. For that reason, that makes diversification remains the best approach to crypto investment. You can choose to have your portfolio made up of Bitcoin, altcoin, or memecoins investments.

[CryptoHeadlineNews]

Due to the high volatility of meme coins and the quest to want to get quick overnight are the major reasons many people invest in meme coins, which are literally no different to gambling due to it's high risk level. Because one thing most people fail to understand is that just the same way your $10 invested in meme coins may turn to over $1000 or more, so do they also stand the chance of losing everything in that same mere few days too. And as such, it's advisable people stick to investing only in Bitcoin, despite it's slow value increase.

[Princess Leah]

With the word crypto currency on the rise in world  and with an acceptance level across the world especially in Nigeria it's time that my Nigerian people should  know that Bitcoin is not just any  crypto project like any of those coins that are over crowding the coin market and that Bitcoin is the key to the financial system of the world in the future with a fast growth rate over a given period of time which has helped Bitcoin becomes more successful infact am really surprised when ever I see how Bitcoin has suppased all expectations because when Bitcoin started a lot of people refused to take it even for a dollar but today The story is different as Bitcoin is the hope and vision of many so my Nigerian people when going into crypto don't invest your hard earned money into any meme coin that you're not sure of growth in the future but invest into Bitcoin because Bitcoin is proven and trusted over the years

I trade memecoins and invest a portion of my earnings in Bitcoin. Trading memecoin does not preclude anyone from owning Bitcoin, and I am confident that 90% of memecoin traders also own Bitcoin.

The goal for most traders is to profit as much as possible from memecoins in order to increase their BTC holdings. It is risky, but with a strategic plan, you may make some good money. It's a rapid in/out scheme.

That's are very good mode of diversification and I see no harm in it since you're not trading with Bitcoin, infact channeling of profits from memecoin into Bitcoin is the wisest decision that anyone who's into Cryptocurrency would make, since Bitcoin is the best coin when one is thinking of using Cryptocurrency for investment option, it's like channeling a capital gotten through a risky process into a more safer and better option to get more profits in future.

 Though the risk involved in it is very high but there's no doubt that people make good profits from trading memecoins, with a good market analysis and risk management there's a possibility of huge returns with time and it would be wise to channel the profits to a more profitable area of which Bitcoin is not a bad idea.

[CryptopreneurBrainboss]

But today The story is different as Bitcoin is the hope and vision of many so my Nigerian people when going into crypto don't invest your hard earned money into any meme coin that you're not sure of growth in the future but invest into Bitcoin because Bitcoin is proven and trusted over the years

Memecoins are a gamble and only meant for gamblers so If you no be gambler, no go dey put your money there because e go, go. No take memecoins gamble as investing as the outcome from actually investing and memecoins gambling can't be the same. Say you run the memecoin matters and e favour you no mean say you go advice others to do the same because you guys grace mightn't be the same. But for Bitcoin everybody wey buy they get the same benefits depending on the quality wey you buy. Bitcoin go fit fall and e go rise again but e no dey sure for memecoins because say for starters, they don't have a long life span. As we dey advance for the market na so new ones are being created and the old ones becomes absolute. See as after Trump launch e own na so e wife come out and Trump own begin to dey loss money, na so the memecoin market just be but Bitcoin na Bitcoin and baba.

[SuperBitMan]

Yeah you are right, one should avoid investing in meme coins because they are very risky and never reliable, however Bitcoin investment has always been reliable and right now a lot of people are now adopting it and even some countries have created a Bitcoin reserve, if you check the history of Bitcoin growth you will find out that Bitcoin is a reliable coin it's volatility has not stopped it growth and as time goes on Bitcoin will become more valuable in price.
Meme coins should be avoided because a lot of them are scam, there was something that happened some time ago where a music star called Davido created a coin and named the coin Davido and he bought same coin with huge amount of money and then advertise the coin in all his social media platforms and his fan all over world went and bought the coin and the coin started growing in price value and before you know it the music star davido sold all his meme coins there by making huge amount of money and some who sold fast too made money and the rest lost, meme coins should be avoided if you most invest in it use only 1% of your discretionary income to do that.

[Shadiq]

Considering the diversification in investment, I do not see investing in memecoin as a negative at all. Bitcoin is a reliable and long-term investment with a low risk, in which case it may be better to use 70-80 percent of the money allocated for investment for Bitcoin investment. Since memecoins are very risky, in that case you can trade there with small amounts of money like gambling. However, it is important to control emotions in memecoin trading. If you cannot control emotions, then you should limit your Bitcoin investment. Because, it is more important to keep your money safe than diversifying your investment.

[Ishicryptic]

But today The story is different as Bitcoin is the hope and vision of many so my Nigerian people when going into crypto don't invest your hard earned money into any meme coin that you're not sure of growth in the future but invest into Bitcoin because Bitcoin is proven and trusted over the years

Memecoins are a gamble and only meant for gamblers so If you no be gambler, no go dey put your money there because e go, go. No take memecoins gamble as investing as the outcome from actually investing and memecoins gambling can't be the same. Say you run the memecoin matters and e favour you no mean say you go advice others to do the same because you guys grace mightn't be the same. But for Bitcoin everybody wey buy they get the same benefits depending on the quality wey you buy. Bitcoin go fit fall and e go rise again but e no dey sure for memecoins because say for starters, they don't have a long life span. As we dey advance for the market na so new ones are being created and the old ones becomes absolute. See as after Trump launch e own na so e wife come out and Trump own begin to dey loss money, na so the memecoin market just be but Bitcoin na Bitcoin and baba.

Bitcoin investment remains number one and the most trusted cryptocurrency that any crypto investors can hold without fear that it will crash and they will lose all their money. Bitcoin has built a solid reputation that it has the potentials to always be profitable on the long term. The same cannot be said for altcoins, perticularly memecoins that have the reputation of pump and dump, investing in them is a very big risk because facts have shown that many people have lost their money in memecoins investments. I agree with you that everybody that wants to invest in memecoins should be a gambler, they are the people who understands risk taking, they know that it is supposed to be held on a short term. If they are lucky they take profit and runaway before it can become obsolete because they have short lifespans. Newbies that don't know how memecoins are designed will continue to hold in the hope that the price will rally but they will not know that they are holding onto dead tokens.

[Claudksg]

To my own opinion I rather accumulate Bitcoin then memecoin cause accumulating Bitcoin is an asset.
And keeping it for long term becomes an investment or can aiso become your retirement benefit you saved.

[Cryptomultiplier]

The issue is that one has to first decide if they want to get rich from trading Bitcoin or altcoins or they prefer the hold strategy which favors Bitcoin accumulation more.
Memecoins assures easy profit from short term trade or from the coins pumping which mostly is very profitable as at the launch of the coin, but over time they loose value as compared to Bitcoin which can be a hedge against inflation or prices and a great future investment option.

[Stable090]

The story is different as Bitcoin is the hope and vision of many so my Nigerian people when going into crypto don't invest your hard earned money into any meme coin that you're not sure of growth in the future but invest into Bitcoin because Bitcoin is proven and trusted over the years

E Dey surprise me say na meme coin just full some people wallet, e come Dey surprise me how those people Dey get mind Dey hold meme coins like that. Something wey be say na hype e dey always get, if hype Dey, e go pump, and if d hype die, you go see say the coin go just dump, so how you go take leave that kin coin for wallet Dey look? Most people wey Dey put money for meme coins are just looking for quick money, but most of dem Dey allay lose money in d process.

The best investment na just bitcoin investment, if you put money for bitcoin, you self go get peace of mind, you no go Dey Check wallet frequently maybe money wey you leave for there don disappear. If you invest in bitcoin, the highest wey fit happen na him be say make d coin dump, and if you can hold, then d price go bounce back, but e no go possible say you lose all your money, as long as nobody hack your wallet.