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Bitcoin is a volatile asset like every other cryptocurrency, but I feel more assured with Bitcoin than with any other cryptocurrency asset because it can actually pump to give profit and can also dump on the investment, and after the dump, it may not rise again. I usually advise newbies who want to invest in cryptocurrencies to start with Bitcoin because, with Bitcoin, they should be able to make a profit during the bull market, but if it's an altcoin, you may experience losses and be uncertain about what the expected price can be. After becoming very familiar with the cryptocurency space, if a newbie decides to invest in altcoins, they will be aware of the risk.
Quote from: Dr.Bitcoin_Strange on February 08, 2024, 09:45:43 PMBitcoin is a volatile asset like every other cryptocurrency, but I feel more assured with Bitcoin than with any other cryptocurrency asset because it can actually pump to give profit and can also dump on the investment, and after the dump, it may not rise again. I usually advise newbies who want to invest in cryptocurrencies to start with Bitcoin because, with Bitcoin, they should be able to make a profit during the bull market, but if it's an altcoin, you may experience losses and be uncertain about what the expected price can be. After becoming very familiar with the cryptocurency space, if a newbie decides to invest in altcoins, they will be aware of the risk.But most of the newbie feel that investment in Bitcoin isn't worth it because of the wait game and tend to diversify to project that earn them quicker returns in a short time and that's where the mistakes come because unknowingly to them that the risk involved is just too high to take because the way you can get quick profits, that's the same way you can invest in these projects and get serious heartbreak because of the low liquidity that these coins have but with Bitcoin there is this confort and assurance of making profits a it just requires discipline in the field of patience.
Quote from: DaNNy001 on February 09, 2024, 10:51:47 PMQuote from: Dr.Bitcoin_Strange on February 08, 2024, 09:45:43 PMBitcoin is a volatile asset like every other cryptocurrency, but I feel more assured with Bitcoin than with any other cryptocurrency asset because it can actually pump to give profit and can also dump on the investment, and after the dump, it may not rise again. I usually advise newbies who want to invest in cryptocurrencies to start with Bitcoin because, with Bitcoin, they should be able to make a profit during the bull market, but if it's an altcoin, you may experience losses and be uncertain about what the expected price can be. After becoming very familiar with the cryptocurency space, if a newbie decides to invest in altcoins, they will be aware of the risk.But most of the newbie feel that investment in Bitcoin isn't worth it because of the wait game and tend to diversify to project that earn them quicker returns in a short time and that's where the mistakes come because unknowingly to them that the risk involved is just too high to take because the way you can get quick profits, that's the same way you can invest in these projects and get serious heartbreak because of the low liquidity that these coins have but with Bitcoin there is this confort and assurance of making profits a it just requires discipline in the field of patience.You are right newbies don't want to be patient with life, rather they want quick money and this is why they end up falling for coins that don't have potentials in the market. It is better that a newbie should only invest in bitcoin because it is easy to hodli and wait patiently for a long term that your investment must have yield good profit. Nothing good comes easy without sacrifice and that is why we don't need to be in a rush to make money but make it gradually, by using DCA strategy to buy and hodli your bitcoin for the future. You cannot hodli altcoins for long because they will end up to be a disappointment.
guess what I made such mistakes back then as a newbie, didn't know the beauty of investing in bitcoin, investing in some others volatility coins may lead to emotional testing which may course selling their investment in losses or in a premature state due to the fear of losing. But when its comes to bitcoin no matter the dip it's experience you are already sure that It would bounce back though might take a long time but still it would bounce back so yes it is more advisable for newbies to start with bitcoin as they are learning they can be investing without no stress
Quote from: Thyplaymaker on February 11, 2024, 11:58:17 PMguess what I made such mistakes back then as a newbie, didn't know the beauty of investing in bitcoin, investing in some others volatility coins may lead to emotional testing which may course selling their investment in losses or in a premature state due to the fear of losing. But when its comes to bitcoin no matter the dip it's experience you are already sure that It would bounce back though might take a long time but still it would bounce back so yes it is more advisable for newbies to start with bitcoin as they are learning they can be investing without no stress Many people made that mistake. Do you know that some people even invest in bitcoin at that time but fear made than to sell everything again and it is now that they are regretting. And trying to rebuild their wallets again. I know five friends who did that big mistake and they are regretting. But I told them that it is not too late if really they are ready to invest then they should provide cash and start from the beginning. If there there is life, there is hope as the popular saying.
Mi pipo I greet UnaI just Shey make share this stuff. We all nor Shey Btc nah be the baba for all cryptocurrencies normally. And Naim be one the most sharp coin to invest on. Because of that one Bitcoin potential sharp. Reason you need to invest Bitcoin even though you be newbie, Nah Shey risk nor too dey like how e tey dey most coin most coins. Ones you know Shey u b the patient type forget Btc investment don ready sure for you. Many dip dey Btc don undergo Shey most people nor believe Shey e go fit bounce back but nah see where e dey nah just imagine how much those people don make wey hold am for that dip con reach now. Even that time when that nft stuff still cause Btc to dip it still bounce back and beat the price e dey that time seff so if you know Shey you get good funds you know Shey you go fit hold and forget you can invest it in btc
Some reason to Invest in Bitcoin, is when BTC is dipping, so as to acquire profits when it's has risen from where it was to an all time high /ath to take out your profits.Buy and hold is also another way of buying Bitcoin for the furture.
"Reason you need to invest Bitcoin even though you be newbie, Nah Shey risk nor too dey like how e tey dey most coin most coins.