There are many a time guys have tried several investment to see which is more profitable in a long term or short term preferably at the users convenience, narrowing the discussion to digital currency popularly known as cryptocurrencies. I’ve heard folk say stuffs like,
Bitcoin is already expensive, buying 1 bitcoin now will cost a lot and it’ll take a long time for it to go 2x, rather I’ll be preferable to buy those upcoming shitcoin which have potentials to do 100x or thereabout
It’s totally wrong to chase quick profits in whatever investment you want to make, and most a times these people end up with huge losses if they invest in the so called “upcoming shitcoin with potentials” because
shitcoins are shitcoins.
ATP in time, Bitcoin isn’t that cost… it have fall almost 50% from the ATH and you might actually get 2x return in two-four years by investing in bitcoin. Also you don’t need to buy a complete bitcoin, you can buy small small (sats).
Others will be of the opinion that that buying one whole BTC is too expensive and buying in fractions to them is too small, rather they preferably buy thousand and/or millions of shitcoins with the mindset that more unit of shitcoins means more money.
That is gambling rather than investment, the fact that you own millions of shitcoins wouldn’t make you rich overnight and in times of a market crash, you will suffer very very huge loses or even lose your money completely… those that own shitcoins in their portfolio before the October market crash will give a better story about their experiences
Myself, I’ve indulged in accumulation of several shitcoins which most of the time doesn’t turn out as expected or it is rug pulled before I’ll be able to get a profit from it. Though during those period, I’ve not giving time to look into bitcoin because I though for me to be able to buy Bitcoin, I’ll need also keep money for gas fee and the amount I want to accumulate until it was reintroduced to me buy a relation of mine then I got to understand you can accumulate bitcoin at your own pace and financial capacity.
It just take some minutes of research to know all these but most people that come for the FOMO of the crypto industry wouldn’t bother doing it, they’d rather chase the quick money.. atleast you’ve now know that you can purchase bitcoin no matter who you are..
