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Author Topic: Bitcoin needs Altcoins as much as Altcoins need Bitcoin  (Read 15998 times)

Offline armanda90

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #105 on: June 01, 2024, 11:16:19 AM »
It's very interesting what you say, but you have to remember don't be greedy when the price has increased. Once you're sure it's what you want, sell straight away. After that, it was quite interesting to return to the initial situation by transferring some of them to USDT coins, because that was the best way.
When the price goes down, just go back to buying and holding until the next halving time limit if you don't want to do short-term trading.
Its important thing with altcoin when market crashing we can convert awhile our assets to stable coins and buy back later after good moment for entry.
Between bitcoin and altcoin become most important part in cryptocurrency and we have many option to buy depend on our capital, for small capital will priority to buy altcoin comparison how much ratio profitable earn bigger than bitcoin. But for large capital and won't get more risk will investing in bitcoin than altcoin as for high risk and high return profitable earn.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #105 on: June 01, 2024, 11:16:19 AM »

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Offline philipma1957

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #106 on: June 01, 2024, 03:18:15 PM »
It's very interesting what you say, but you have to remember don't be greedy when the price has increased. Once you're sure it's what you want, sell straight away. After that, it was quite interesting to return to the initial situation by transferring some of them to USDT coins, because that was the best way.
When the price goes down, just go back to buying and holding until the next halving time limit if you don't want to do short-term trading.
Its important thing with altcoin when market crashing we can convert awhile our assets to stable coins and buy back later after good moment for entry.
Between bitcoin and altcoin become most important part in cryptocurrency and we have many option to buy depend on our capital, for small capital will priority to buy altcoin comparison how much ratio profitable earn bigger than bitcoin. But for large capital and won't get more risk will investing in bitcoin than altcoin as for high risk and high return profitable earn.

Swapping a sinking alt to usdt or usdc in the USA is a tax reportable event. If you have say 10000 doge that you swap to usdc on a USA exchange like coinbase they will want it reported.

So I swap a dull coin to USD. Same reporting issues but USD is insured on coinbase up to 250,000 which I likely will never be that high amount my USD is safe.
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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #106 on: June 01, 2024, 03:18:15 PM »

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Offline Jamal Aezaz

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #107 on: June 01, 2024, 08:13:40 PM »
Yes, that's right, don't be greedy. When we have made a profit, we can sell it and convert it to USD, then wait for a correction to occur, we can buy potential coins again to hold. This is the best way we can do right now besides daily trading.

Greed can always put you at risk and if you are greedy to not accept the little profit then you will never become a profitable investor as many people whose wishes are not fulfilled remain unsuccessful because they remain unsatisfied.

It is better to accept little profit and invest it in another asset that you think will surely give you profit like that of bitcoin and Ethereum. But if you are not taking little profit then neither you can buy another coin nor you can find the already bought coins as a beneficial coin.
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Offline ajiz138

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #108 on: June 02, 2024, 05:55:13 PM »
Yes, that's right, don't be greedy. When we have made a profit, we can sell it and convert it to USD, then wait for a correction to occur, we can buy potential coins again to hold. This is the best way we can do right now besides daily trading.

Greed can always put you at risk and if you are greedy to not accept the little profit then you will never become a profitable investor as many people whose wishes are not fulfilled remain unsuccessful because they remain unsatisfied.

It is better to accept little profit and invest it in another asset that you think will surely give you profit like that of bitcoin and Ethereum. But if you are not taking little profit then neither you can buy another coin nor you can find the already bought coins as a beneficial coin.
Our main enemy is ourselves, and greed comes from ourselves, so that's what we have to fight so that it doesn't control us and make us fall into unwanted situations.

In any case, greed will always end badly and as much as possible we should not follow it. The reason is that I believe everyone has that feeling, because it is a characteristic that humans have. So we have to win the war against ourselves.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #109 on: June 03, 2024, 06:01:29 PM »
Yes, that's right, don't be greedy. When we have made a profit, we can sell it and convert it to USD, then wait for a correction to occur, we can buy potential coins again to hold. This is the best way we can do right now besides daily trading.

Greed can always put you at risk and if you are greedy to not accept the little profit then you will never become a profitable investor as many people whose wishes are not fulfilled remain unsuccessful because they remain unsatisfied.

It is better to accept little profit and invest it in another asset that you think will surely give you profit like that of bitcoin and Ethereum. But if you are not taking little profit then neither you can buy another coin nor you can find the already bought coins as a beneficial coin.
Our main enemy is ourselves, and greed comes from ourselves, so that's what we have to fight so that it doesn't control us and make us fall into unwanted situations.

In any case, greed will always end badly and as much as possible we should not follow it. The reason is that I believe everyone has that feeling, because it is a characteristic that humans have. So we have to win the war against ourselves.

Well in that you are absolutely right, greed is one of the things that we Must learn to Manage and not have, many are Greedy , because who wouldn't like to have more ? I think everyone is, we are people who are always going to fight to have better things, that is why whenever we do something related to crypto or bitcoin we have to see all the possibilities to do to earn more because they are done, only you have to be very careful, one day Greed won me over, because I Thought that by putting money into a single currency I was going to earn a lot, and it turns out that it went down in price and very ugly.
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Offline ajiz138

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #110 on: June 04, 2024, 04:13:59 PM »
Our main enemy is ourselves, and greed comes from ourselves, so that's what we have to fight so that it doesn't control us and make us fall into unwanted situations.

In any case, greed will always end badly and as much as possible we should not follow it. The reason is that I believe everyone has that feeling, because it is a characteristic that humans have. So we have to win the war against ourselves.

Well in that you are absolutely right, greed is one of the things that we Must learn to Manage and not have, many are Greedy , because who wouldn't like to have more ? I think everyone is, we are people who are always going to fight to have better things, that is why whenever we do something related to crypto or bitcoin we have to see all the possibilities to do to earn more because they are done, only you have to be very careful, one day Greed won me over, because I Thought that by putting money into a single currency I was going to earn a lot, and it turns out that it went down in price and very ugly.
Yes, we as humans always want more, that's normal. However, we have to know the limits so that our desires don't fall into the realm of greed. I think when we can think clearly we will be able to differentiate between what leads to greed and what doesn't.

There is no human being who doesn't want to get more, in my opinion, but we also have to know which measures are reasonable and which are not.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #111 on: June 05, 2024, 09:17:18 PM »
Our main enemy is ourselves, and greed comes from ourselves, so that's what we have to fight so that it doesn't control us and make us fall into unwanted situations.

In any case, greed will always end badly and as much as possible we should not follow it. The reason is that I believe everyone has that feeling, because it is a characteristic that humans have. So we have to win the war against ourselves.

Our main enemy is our emotions of if we work a lot and learn everything regarding the field but have no control over our emotions then all our efforts will be useless. We should first learn how to continue our journey of success without involvement of greed and other types of emotions.

Learning about the market is easy but controlling emotions is difficult therefore use your active mind to get lessons about trading and investment but focus more on how to avoid loss by learning from loss instead of crying for your whole life. Those who use their loss and mistake for getting Knowledge and try to never do that again will not be trapped into unnecessary losses in future.
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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #111 on: June 05, 2024, 09:17:18 PM »


Offline yohananaomi

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #112 on: June 06, 2024, 07:08:29 AM »
Yes, that's right, don't be greedy. When we have made a profit, we can sell it and convert it to USD, then wait for a correction to occur, we can buy potential coins again to hold. This is the best way we can do right now besides daily trading.

Greed can always put you at risk and if you are greedy to not accept the little profit then you will never become a profitable investor as many people whose wishes are not fulfilled remain unsuccessful because they remain unsatisfied.

It is better to accept little profit and invest it in another asset that you think will surely give you profit like that of bitcoin and Ethereum. But if you are not taking little profit then neither you can buy another coin nor you can find the already bought coins as a beneficial coin.
human nature who feels whatever is done, dissatisfied with the results obtained by the name is greed. This is a character that is difficult to change if there is no self -awareness of the mistakes he made.
Agree with your friend, when there is an opportunity to be able to produce, even though it is fairly small, of course, it must be grateful instead of wanting more ones where it can actually cancel the results that should have been acceptable, so you lose the opportunity to be able to enjoy it.
Greed is a trait inherent in humans who are not always grateful for anything that has been received.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #113 on: June 08, 2024, 08:06:35 PM »
human nature who feels whatever is done, dissatisfied with the results obtained by the name is greed. This is a character that is difficult to change if there is no self -awareness of the mistakes he made.
Agree with your friend, when there is an opportunity to be able to produce, even though it is fairly small, of course, it must be grateful instead of wanting more ones where it can actually cancel the results that should have been acceptable, so you lose the opportunity to be able to enjoy it.
Greed is a trait inherent in humans who are not always grateful for anything that has been received.

A greedy person cannot realize that all he lost is due to his greed and he is putting the responsibility on the source of earning but I think if everyone of us starts to accept the little benefit then we will be able to eliminate greed which ruins our whole profit.

Greedy people desire to have more but when they find more then they start to think that this is not enough some more will be better so in this way he is missing all of his earned amount and then set alone by regretting for what he has done.
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Offline yohananaomi

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #114 on: June 12, 2024, 05:04:25 AM »
-snip-
Greedy people desire to have more but when they find more then they start to think that this is not enough some more will be better so in this way he is missing all of his earned amount and then set alone by regretting for what he has done.
Yes, that's what happens around us. Sometimes what we've got seems like it's still not enough. You're right because they find more, so greed arises, and they feel that what they've got isn't enough and if it could be more. So people like this cannot enjoy what they have got, so it is not surprising that in the end what was there disappears and only regret occurs, and it has already happened, and they can no longer hope for it to come back again.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #115 on: June 14, 2024, 07:51:35 PM »
Yes, that's what happens around us. Sometimes what we've got seems like it's still not enough. You're right because they find more, so greed arises, and they feel that what they've got isn't enough and if it could be more. So people like this cannot enjoy what they have got, so it is not surprising that in the end what was there disappears and only regret occurs, and it has already happened, and they can no longer hope for it to come back again.

Those who have greed cannot make good use of their already earned profit because their eyes are stuck on the happiness and blessing of others but I think they should remember that they cannot get more than what is in their fate. If they become thankful then maybe they will get more and will not regret it in future.

In crypto it is necessary to accept the little advantage because nobody knows that if he waits more then this advantage will increase or will turn into disadvantages so try to accept what you have and if you want more then buy during another chance but don't miss the already earned profit.
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Offline Aanuoluwatofunmi

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #116 on: June 14, 2024, 08:05:56 PM »
Yes, they both needs the compliment of each other for them to be able to shake the town and make the buzz together in cryptocurrency, we cannot denied the fact that many had been made rich and got served with several opportunities from them both, same has also happened that some have lost it through without being careful, but the good about all is that there is always an opportunity in cryptocurrency regardless of going for either of them or both.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #117 on: June 15, 2024, 06:47:18 PM »
Our main enemy is ourselves, and greed comes from ourselves, so that's what we have to fight so that it doesn't control us and make us fall into unwanted situations.

In any case, greed will always end badly and as much as possible we should not follow it. The reason is that I believe everyone has that feeling, because it is a characteristic that humans have. So we have to win the war against ourselves.

Our main enemy is our emotions of if we work a lot and learn everything regarding the field but have no control over our emotions then all our efforts will be useless. We should first learn how to continue our journey of success without involvement of greed and other types of emotions.

Learning about the market is easy but controlling emotions is difficult therefore use your active mind to get lessons about trading and investment but focus more on how to avoid loss by learning from loss instead of crying for your whole life. Those who use their loss and mistake for getting Knowledge and try to never do that again will not be trapped into unnecessary losses in future.
The two things you say are not easy things to do. On the one hand, we must be able to control our emotions, on the other hand, we must be able to regulate ourselves so that we don't become too greedy.

Theory and practice will be different, maybe we are still in theory, but don't think we will be able to control it well when practicing. Because in practice we grow something in our minds and brains, unlike theory which in my opinion is based on understanding that we can absorb with our thoughts.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #118 on: June 15, 2024, 06:59:45 PM »
It's very interesting what you say, but you have to remember don't be greedy when the price has increased. Once you're sure it's what you want, sell straight away. After that, it was quite interesting to return to the initial situation by transferring some of them to USDT coins, because that was the best way.
When the price goes down, just go back to buying and holding until the next halving time limit if you don't want to do short-term trading.
Its important thing with altcoin when market crashing we can convert awhile our assets to stable coins and buy back later after good moment for entry.
Between bitcoin and altcoin become most important part in cryptocurrency and we have many option to buy depend on our capital, for small capital will priority to buy altcoin comparison how much ratio profitable earn bigger than bitcoin. But for large capital and won't get more risk will investing in bitcoin than altcoin as for high risk and high return profitable earn.
Buying altcoin with small capital does not mean that you will become profitable. It depends on the altcoin by you are buying, this is the mistake that some investors make, they feel that altcoins is good when to invest in because bitcoin is expensive. With the small capital that you have, you can use it to DCA and buy bitcoin weekly or monthly and before you know it, you will have acquired a good amount overtime. You must not have big money before you buy bitcoin, and lump sum is not the only strategy in which one can buy bitcoin with.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #119 on: June 15, 2024, 08:22:58 PM »
      -   Maybe I can't say that altcoins are bad for Bitcoin because, for other reasons, Bitcoin's popularity has accelerated because of altcoins, although it wasn't good in the beginning because scammers have actually used altcoins for scams on people in different parts of the world.

And on the other hand, if it weren't for Bitcoin, no altcoins would be created. It seems to me that they are both important; they can't be separated because they help each other; they are like a couple in short, or it could be electricity; there will be no light without positive and negative; and our humans can't learn if we don't make mistakes, right? Just an illustration.

 

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