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    Author Topic: I found my Bitcoin books from 2016  (Read 1128 times)
    SOKO-DEKE
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    August 17, 2023, 11:52:40 AM
    Merited by Cookdata (1)
     #61


    Some of these old moves still haunt me today, I also focused on some altcoins, I spent money on graphic cards, but I made the mistake of mining altcoins, I could have focused on Bitcoin and Ethereum only, and maybe today I would have become an Ethereum whale at least but instead I started mining shit coins, then I don't even look at those coins like they are shit, who would have thought 🤔 so?
    I don't think you should blame yourself so much, I believe it is lack of appropriate knowledge of cryptocurrency that lead you to that direction. at first many of us were just told about cryptocurrency industry that when we invested in bitcoin we are going to make some profit with time but getting there some of us cannot differentiate Bitcoin from others altcoins,due to no appreciate knowledge, many of us  think they are same and insist for us to due to our own further research we refused and follow the steps people that introduced use to cryptocurrency industry or just follow the ideas of people that buying altcoin with aim of making quick profit, so buying shitcoin  because it  was pumping at time, thinking that how it will continue moving and with time we see it again dropping significantly in price, in our were mind because of we ignorance we keep hold it even it continue dropping thinking that one day it will pick again but at end it become dead coin.
    Quote
    Altcoins are shitcoins and very scarce altcoins can survive after one year or better one market cycle (about 4 years). If we check longer time like 2 market cycles, the number of survival altcoins will drop dramatically.

    From my little experience with investing in shitcoin, I will never invest in or advise anybody to invest in shitcoin again, especially any member who cannot do their own appropriate research for the shitcoin he or she wants to invest in. I invested in shitcoin when I saw the price of the shitcoin pumping seriously, but when I just invested in it for a few days, I lost over 60% of my invested funds just in a few days, and the way I was holding it, the price was continuing to drop, so I just sold it off in loss, and when I checked it back after a few months, the coin had become a dead coin.

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