Quote from: emmybd on May 02, 2024, 12:45:12 PM

Everybody wants to gain profits by investing. That's why they are so anxious in investing in case they lose money. As far as ICO's are concerned most of the ICO's are scam, so why would one invest in these projects.

A very large portion of the ICOs seem to be scammers. I stopped accepting most bounties due to the large number of companies that never go past the presale stage.

Exactly why I stopped investing in altcoins, now I see altcoins as a waste of time and money, a ticking time bomb that could go off anytime, too risky, promising high profits that they don't end up keeping to.

My previous experiences with altcoins investments has been a total mess and that's why I choose to just stick to Bitcoin, it has so far proven to be the safest and most profitable crypto asset to HODL.

Have done this and not extending my time now because since I learn Hodling means completely ? i understand why I must not check my funds from time to time and yeah to try preventing checking the market mostly.
because sometimes this will bring you to change your decisioning because of those mistakes.

Yeah, a HODLer actually has no need to always be checking on his wallet or his bitcoin quite frequently, because one the benefits of HODLing is to ride out temporary market fluctuations and you're considering Bitcoin for its long-term potentials rather than monitoring the market movement as it could force one to emd up makimg drastic and uncalculated risks.

Well the only reason one can check his wallet more often could be for the sake of acquiring knowledge for reference purpose  or to get information about the wallet he uses for developments and if the need for possible adjustments would arise.

Quote from: MrSpasybo on May 18, 2024, 09:57:56 PM

I am a long-term holder, I often don't care much about market volatility, I focus on DCA and identify potential profit-taking zones when the bullrun occurs. I consider high volatility to be a good basis for BTC and the crypto market to get better media coverage, attract the attention of potential investors and create a foundation for the next cycles.

Volatility is one reason we get a chance to buy the dip. Many of us look for a chance to buy more once the market goes up and regret not buying when the price is low. Fortunately, the market has moved in both directions over time, and we have had a chance to buy cheap coins. One of my friends, "Crypto Library," was telling me that I was looking for a dip to accumulate more. But unfortunately, when the market moves to lower trend, we wait for further dump and miss that opportunity again. 

Inasmuch as Volatility has its advantages, it also has its disadvantages too, Volatility has made the market really unpredictable, and for those who prefer to time the market, it can be really disadvantageous to them as they can not really predict exactly when the price is low enough to buy more and when the price is high enough to sell, one can end up buying, thinking its the lowest the coin can go and then end up seeing more reds, thereby resulting to losses, and one can also end up selling at a price he feels he's made enough profits, and then the real bull run kicks in and he regrets selling.

The Hodl strategy is a “safe way” to make peace with volatility while earning profits in the long term
But a Hodler should also regularly follow news about platform updates, wallet updates, and developments in laws and regulations are also important, because governments in some countries even require crypto assets to be reported on tax forms.

HODLing is indeed the best approach and technique to get rid of the emotional impact of temporary market fluctuations and it's effects on an investor and to an investment, especially when HODLing for the long-term.
At least you won't need to be regularly checking on the market, have a heart attack when the market is in red or panic during a bear market.

You're right that it's only essential for one to check for developments concerning their wallet, just incase there are any developments that requires necessary adjustments.

When investing, it's best to do it in lots of coins if you want to be successful in the crypto world. BTC is a favorite coin and safe to hold, but many altcoins make bigger profits than bitcoin. Everyone has their own analysis and strategy. Good luck

Diversification of investment is indeed essential but diversifying by jam-packing your wallet with lots of shitcoins won't increase your chances of profitability at all, it will on the contrary create room for the possibility of more losses.
Like you've rightly stated, bitcoin is the safest and most profitable crypto asset to HODL, and if you ever feel the need to diversify your investments, you could consider buying other assets, such as gold, silver, even real estate assets as they're also very safe and have the potential for future growth, rather than gambling with your money by filling your wallet with ticking time bomb tokens that could be dumped anytime along with your money.

At the age of 18 you can be said to be an adult, but as an adult they are still under the supervision of their parents, where they still need to ask their parents for their needs, if they are to gamble, I think at the age of 18 they are allowed to start gambling, but with the caveat that they can already earn their own money, if they still ask. It's better to focus on school first and then start gambling

I don't think it really matter at what age a person starts to gamble, as long as they understand risk management and they can earn money for themselves without having to rely on their parents, guardian or anyone else to fend for their basic needs.
If they're able to earn money for themselves and ake care of their basic needs then they can  be considered to be responsible and can take full responsibility for their actions, even gamblers who are considered to be adults but lack good risk management skill or responsibility could still be vulnerable to the dangers of gambling.

Slots and dice have very high risks, we cannot make any predictions in dice and slot gambling, I prefer to do sports gambling which still makes it easy for me to predict which team will be the winner. Even though the profits I get are not too much, at least being able to grow my assets in gambling is quite good.

Not having to go through the stress of predicting the possible outcomes is actually what makes slot and dice games really interesting because it really doesn't require any level of skill or experience, it's 100% dependent on how lucky the gambler is.
While you feel a lot more comfortable depending on your own ability to predict the outcome of your game, there are others who have come to the conclusion that gambling can't be predicted, hence relying on their ability would mean more loss for them, so they believe allowing the game decide their fate is best for them rather than spending time to analyse a game and come up with a prediction only to end up being disappointed with the outcome.

Gambling is all about profits and loss, and I believe that every gambler must have experienced both either you are gambling everyday or occasionally. I have lost more than I have won which is a norm in gambling. This is why I only gamble for fun so that when I loss, I walk away happily because I enjoyed the fun of the game. I was once an addict a d lost so much to gamble, but I now gamble responsible and I can control my losses now.

You are absolutely correct and that is what I also do and it has been of help to me and I wish everyone can also have the same mentality, because with this kind of mentality, I believe the high rate of addiction won't be that much and it also helps people to gamble responsibly, that is why it's always advisable to gamble for fun, because if we gamble for fun, even if we lose or win, we be glad and take whatever things that comes our way with good faith even if it's not even up to what we have loss, also having time limits and how much we can also afford to spend can really be helpful because if one becomes an addict, it will really be hard for the person to stop, although having the experience of gambling whether negatively or positively is very important, as they said experience is the best teacher.