Bitcoin Forum

As we notice there will always be new people that hear about BTC, or digital money, or cryptocurrencies and so on....

From my personal experience and point of view we have very different groups in the space, as you will have people really intend to understand BTC  and what its for as you will have those only interested as of an investment to gain more FIAT or to get rich fast (please don't be that last one you probably get burned)

In different threads I already explained I entered BTC cause I was a poker player and a friend that plays as well introduced me into the world cause of payments and good sites to play at that time being .....

What I do know is that when I received my first BTC I didn't no sh*t, absolutely nothing never heard of it before in my life....
So I was lucky to have a guy that helped me around, he set up my first exchange account, later when he convinced me to the earn BTC, buy BTC when possible and apply the HODL strategy with those HODLing coins.....

This where my first moments and like almost instant after he bought me a cold storage Ledger and installed it with me so I knew how to do it....?

For me I was a guy with 0-computer knowledge, just google and download some music, that was it,  today cause of being here and try to learn about BTC I manage to do a little bit more......

What I wanna say is let this forum be your guy and knowledge to BTC as all the older and knowledgeable members will help you out or will point you into right directions, I did gained a lot of help with being on this forum.

Probably the biggest step for a total new guy is to set up a safe place to store your coins (future wealth), how do we deal with this.... I would suggest don't make it to difficult at a start and just open an account at an exchange where you can easily send money to, from then just send FIAT, buy BTC and maybe at the meantime order a cold storage device.... Ledger Nano S or blue or ... or a Trezor as they all work perfectly fine (Do read the instruction carefully and don't throw away anything especially the seed with recovery words)  :)
Then get the coins of the exchange and send them to the ledger device, there will even be threads that easily explain how to generate an address to send BTC to and so on....
When you have them on the device then its just hodl and try to gain more .....

As you are now a guy with BTC on a device its highly recommended to continuously read over the matter and try to gain as much knowledge you can, the more you know the better you will feel and the harder you will work to buy/gain more of BTC, cause the first step of buying is completed but now you need to manage and learn yourself so the investment will give a satisfying feeling and not a stressful feeling, because we now BTC still is very volatile and that could be a bit difficult if you don't understand it fundamentals but when you do learn and do gain knowledge then all those UP and DOWN movements will just become noise that are just of no importance...

When you will have this feeling then you will try to find your best and most effective way of gaining more and more of BTC, this will be different for many of us some day-trade ( I strongly suggest you don't do this, cause most are not successful and lose amounts of BTC instead of gain some)
For me its always been through poker and RL work, where I try to separate some FIAT to buy extra BTC...
For those with interest and are employees of a company I would suggest to take their monthly pay check, and what they keep asside for savings just divide in two or some kind of % and put that same amount into BTC every same day of the month no matter what the price is at that time.

In this forum you will see tons of guys with very much knowledge over the technical side of bitcoin, but do realise most people are no computer tech's and do not know as much as some of the experts, do read there stuff, try to learn but F*** even after this long of time being in the space I read what is Chinese for me every single day, BUT this doesn't mean we are less of an effective HODLer/BTC-investor cause that surely isn't the thing..... as long we have the right long term perspective of what BTC is and what it can become then you doing perfectly fine... The nice technical side of BTC is a very difficult thing and will take forever to fully understand/learn for most of us, but i'm not bothered a bit with that, cause I do know i'm a very effective HODLer with perfect and safe cold storage of my coins, as a good method of earning/gaining more etc and thats just the most important for me.

So for all the very new guys in the space, do know there are plenty of longer time Bitcoiners in this space that are still massively learning, just do remember to learn the BUY and STORAGE, as to CONVINCE yourself that BTC is what we really need in this world!

Btw also its a very satisfying thing when you HODL, and separate some BTC to use for RL issues, thats what I try to do a lot.... cause believe it BTC can be used for a lot and more and more people are doing so....

User count keeps increasing and everybody that is able to convince their self is still an very early adopter.

Do know, not because your not a computer scientist doesn't mean you cannot manage to buy and HODL, cause if I can, then please belief me that I say everybody can if I can :D

 

Th final merit I was HODLING goes to you for this post. For most of them who are new to this space came with the purpose of investing in btc and probably would have thought this as a get rich quick scheme. But later on if we delve more into the technology it offers a wide range of opportunities to various markets and various people all over the world. The true potential if when found out can at the right time will get you more addicted to the tech over the course of time.

Most of the newbies in the cryptocurrency space think them like a stock market sort of thing. But the underlying technology is meant to disrupt the way we are using the money and other processes all over the world in various financial institutions.

The way BTC is being adapted by various people is really good,

1. Traders use the volatile market to get quicker gains or losses which is very much lesser when compared to stock market trading. Levarage trading are much helpful and riskier to get quicker gains.

2. Investors see the various alts like a investment strategy and put their money in various cryptocurrency for long term gains.

3. Power house generators use various ASICs to mine btc and other alts by running mining farms in places where electricity are at a cheaper rate.

4. Developers can contribute to the code and improve their knowledge on how well they can code and can certainly be hired by better companies.

5. Physical Coin Makers can make use of the gold and silver market and produce various collectibles and make profit from them.

and a lot more...

Knowledge is what needs to be gained in almost all the field and how effectively we use them to gain money. If we don't have the required knowledge and run for money it wouldn't really be helpful.

Truly speaking when I came to know of bitcoin in late 2016, I never had any idea on what it was? What is cryptography? Why Bitcoin? Why the better world needs to move onto bitcoin?. But after reading through continuously for past 2.5 years, I am little bit aware of the technical side of the coin and the code,technology behind it. The tech behind the coin is insanely large and we need to read a lot to master them and become one among in the developer community. Contribute to the community in someway and gain something in return.

I must say the forum generally is doing her best in guiding newbies be it directly or indirectly and no doubt about users of the forum waiting to help new members get enlighten and educated on bitcoin and other aspects of the blockchain technology. Over my period of been active here I have notice a sudden increase in the zeal for users to assist each other especially after the introduction of the merit system. Not saying it wasn't there before but the merit system gave it more motivation. The moment you have a problem or misunderstanding and start a thread most users with little, sometimes (no knowledge) on solving that issue, are willing to help and that's a good thing (speaking of when those with knowledge on what's been discussed decides to assist you) since most media platforms out there don't have dedicated users like how Bitcointalk has.

The forum did educate me on most things I know in regards to understanding bitcoin and these education either happened directly through reading topic started on that particular subject by others or indirectly as regards to getting me motivated to carry-out personal research in understanding what the subject i encountering on the forum was all about.

It's safe to say the forum holds this key to everything you need to know about bitcoin and cryptocurrency in general and with that been said it's also ok to say the reason behind the creation of the forum has been achieved and the community will keep building on that. A determined newbie with little or no knowledge regarding bitcoin can acquired all he/she has to know  in matter of months by just been active (reading threads) on the right boards.

I do believe most media and social media are poison and many talk to much whiteout knowing anything.... When I read in Belgium an article involving BTC, then the article is always written right after a massive DUMP or a massive PUMP.... Starting with nonsense lines of FUD or just non-related stuff and guessing by fools...... Rarely I read something thats OK, still its normal what can a random journalist know ??

Social media poison as well imo FB or twitter or .... if you understand and know then you can filter out the worst... For newbies it will be hard not falling for dumb scams.

( in here scammers get tagged very fast and thats a very big +point for newer people that are trying to learn and invest wisely)

Thanks for giving nice perpective and recommendation (somehow) for newbies in crypto, especially relates to their future that might have positive correlation with bitcoin (if they might do invest in bitcoin). Bitcoin is a future, a thing will change a world. Blockchain is an innovative technology. Together, bitcoin and blockchain will help bitcoin investors get lots of money in benefit back. So, why not seriously do consider about bitcoin investment? It does not matter how much capital you have at the moment to invest. Whenever you have spare money, invest in bitcoin, rather than saving them in banks. It will make a big difference, for your balance, and your future.

Explaining Bitcoin and crypto to Newbies is one of the most important points in my opinion. Having more users participating in crypto will give BTC a better base of support and acceptance. Everyone of us can spread a positive word about crypto and also help Newbies to understand how crypto is working.  :)

I can imagine most people are feared to own some Bitcoin because they think it's too techy and difficult to understand (which isn't true  ;))

It's not much different from other areas: If you help others you'll always get back a good karma (and maybe also some help if you're needing it). Telling about known mistakes in crypto, giving advice which wallets / investment strategies / etc. are bad / good can help a lot to save Newbies from losses and save them time to search all over the internet. Newbies having losses or difficulties to understand things can get discouraged very fast and leave. With some guidance it's much more likely that they won't have to face such problems and stay instead.  ;)

If I should explain the basics of Bitcoin I would always try to use simple words, explain everything step by step even if it's sometimes very time consuming. Better explain something more detailed than missing a part. A nice and simple but detailed style of writing and explaining everything well (especially by using pictures) should not be underestimated.

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Yes, we had a very misleading article recently where the author claimed that Tether would be Bitcoin's gold standard and Bitcoin + the whole crypto market is based on Tether. LOL  :D :D
Such stupid BS articles are doing a big favour to educate Newbies.  ::) ::)

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I don't know how it was before but I have the same impression that many guides and important stuff wouldn't be here if there would be no Merit. At least the quality would not be as outstanding as it is currently.

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And I like the fact that people in BTC are very positive. It's always big advantage in life.  :)

It gave me a lot of experience and made me a better person. Honestly, I'm not good at speaking internationally but this discussion thingy helps and boosts me to develop my grammar and how will I start a discussion. This bitcoin really attracted me because if not then I wouldn't make where I am today. I realized that bitcoin change my life and it's very worth it that I stayed here to learn.

I already taught a lot of people especially my friends who are curious about bitcoin. It's kinda hard though since I'm not that pro or expert on explaining something complex. Still, I helped and searched all of the information needed for them to understand what bitcoin really is. This is also an advantage for me because blockchain is what I really care about. As a techy person, Blockchain is modern technology that we must focus on and should be developed as it gives more complex knowledge that makes our society better.


They give false information and keep saying that it's not a good thing and should be prohibited. That's why I'm glad for being in here for knowing that bitcoin can be used in good or bad things. Well, all of the things in the world that has been created can be used in bad things right? That's not new anymore. They're just giving a bad impression to bitcoin but for me, money is the root of all evil, it depends on the user how will he/she use it. I hope this inspires you with my little statements about bitcoin especially to my fellow citizens there that wanted to enter a journey here.


True, most of the guidelines here are already spoonfeeding, they will just simply read and deeply put it in their brain cells.   :D

One hurdle people should learn to break is the beginners hurdle. At the beginners stage alot runs through your head(is this really my thing, can I keep up to the standard, goodness me there are too many intelligent people here) the self discouragement is high at this level.
But all that's needed is that push, that boldness to get to do it.

I as an example from a 3rd world country I heard about bitcoin early 2017 but it wasn't anything elaborate not until last year when I enrolled for a lecture and was aware about bitcoin I was really interested and my to cut a long story short my question asking and research lead me here.

I believe what a newbie should think of mostly when here is how to improve themselves no matter your high or low tech skill(all that should be put aside). Never be scared to make errors and most importantly be willing to follow correction.

Its a fact many newbies with not to much knowledge Will have a hard time with understanding BTC and its value/purpose etc
Its also likely many Will fall for scams before they learn there is no get rich fast etc

Please for newbies get into this forum and read provided links to threads with help and where BTC is explained.

When you properly know what BTC is Then you Will work most efficiently.

Also don’t mind the consuming of time :D

After a few weeks reading and learing things that I haven't fully understand from the forum, I really wish I knew about it sooner. I first knew about bitcoin in late 2017, through a Ponzi fraud, it's Hextra Coin. Some of my friends got fortunes from it and persuaded me to join them, being their ref. I didn't know it was a Ponzi scheme then, but luckily, being broke prevented me joining them.

I came to bitcoin when it almost reached ATH and with the mind of a fortune seeker. Creating a Binance account, depositing bitcoin, buying altcoins and hodling them through ATHs, till first half of 2018's over and deciding to cut loss. That was the time I halted to learn about bitcoin and blockchain. But broken pieces of news and articles on Internet made me had incomplete knowledge about it. Until I came here, useful topics on Development & Technical Discussion or Bitcoin Technical Support partly filled up spaces in my knowledge. Yes there are many things more to learn and I think I will stay here as long as I can to perfectize understandings.

My personal point of view as a beginner is to be able to think what point of view should I use in order for my goals to be achieved as when you ask other people their point of view as a beginner then my guess to their answer will be "it depends" which it is very hard on what will happens next as it depends rather than creating your own point of view towards something else like you want to be knowledgeable at what you want. You point of view should be clear as a beginner.

I wish all the newbies out here have the same mindset as yours. Finding some important information here on the forum so that they will understand what Bitcoin and cryptocurrency in general is.

This is base from my experience here. For almost 2 years in the forum, most newbies out here are just here for the money and it is the truth. We can't blame them to be honest but the ones who introduced this forum to them is wrong. Maybe they said that "Register to this forum and you can earn some money" like that and their mind thinks that "Its money so I will register" then they will as some question to their friend who introduced this forum to them blah blah.

This is why most newbies here are getting fallen into different scams because they registered here because of money and not for information and knowledge. I don't know what is the solution for this but the mindset of the newbies is the problem here.

To be honest, even I have a high rank (not so much :D) I consider myself as a newbie because until this moment I'm still reading some threads that can give me information.

TO ALL THE NEWBIES OUT THERE, INVEST IN INFORMATION AND KNOWLEDGE FIRST BEFORE FOCUSING ON MONEY. Rich investors right now didn't invest immediately into stocks or real estate or anything. They invest several hours of their life reading books, finding some mentors that can help them etc. If you want your life to change and become rich, gain information first that can help you. Read some important threads here and interact with them.

Great post Mic, and followed by many other great posts in the discussion, fantastic thread. I just want to echo the sentiment that any newbie interested in crypto should not be put off by the technology but also should absolutely educate themselves as much as they can about it. It's one of those things that the more you learn the better armed you are.

Also be very careful about interacting with people from this site, many are good people that want to help but we also have some of the other kind. Never give out your personal information here, be wary about unsolicited PM's, etc. basically just practice very good self protection, and that is also what you need to do with crypto.

By removing the middleman banks and financial services you gain a lot of freedom but also gain the need for elevated self responsibility.

Sorry, out of smerit as of now but I'll come back to this thread again.
There are different kinds of newbies, thowse who come only for the money, those who are coming here from curiosity (and money), and those who are using it already   but faced some kind of problems along the way and are looking for solutions.
There are also fake newbies, those who got banned and are trying to jump over the fence.

For beginners,
Read first, before doing anything else.
There are lots of things that beginners have to read in order to prepare enough basics for their time in the forum, and in crypto.
Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ (https://bitcointalk.org/index.php?topic=703657.0)
Welcome message (https://bitcointalk.org/index.php?topic=5036308.0)
[GUIDES] on Bitcointalk. Index thread (until there is a dedicated subforum?) (https://bitcointalk.org/index.php?topic=4928968.0)
★ A Complete Guideline to use forum search button properly ★ (https://bitcointalk.org/index.php?topic=5113993.20)
Beginners can find almost everything, from basic to advance in those threads, so they should read them first before asking for help.

Most of the altcoin discussions thread (telegram) always advice their community to hodl for a very long time to make profit. If you can't be patient enough no need to invest on cryptocurrency. That's why its advisable to invest with your spare money. With the present flow of altcoin it takes time for it's token to be tokenized

Probably avoid Altcoin as Altcoin talk here ::)

For beginners its absolutely most recommendable to not buy ANY shady Altcoins before starting with buying and understanding BTC, Alt's most of them are the poison that will lead to big BTC losses and thats what we don't wanna see new guys dealing with....

When one have BTC and have some knowledge/experience of how things work etc then maybe if they really wanna explore they can make there crypto portfolio a bit bigger though I recommend to keep at least 80% in BTC, I think my BTC holding cover 85 north 90% of my total crypto's....

Also when newer people buy Alt's after they did everything .... (learning etc) I would still recommend to try and make more BTC by keep buying when it can and not to fall into the Altcoin traps ::)

I also do believe true HODLers and right minded believers are been born in the bearmarkets :D

I have some friends of me calling me and asking me about BTC when it did hit 3K-ish prices for the first time in 2017....

At 300-500$ it was boring (little before 2017 ::) ) But I did informed some :)

At 1000 it was going hard but couldn't go higher

At 1500-2500 it was outrageous and surely gonna go down ... But at around 3K many friends and at that time new guys where interested and ask me for help to buy as fast as they can ....

A few of them bought steady at higher prices, have been with fear in the bearmarket, but learned each day read much stuff, send me articles and text every day...
Most important they kept buying all the way down .... they DCA there prices very well and are now feeling stronger of there right belief in BTC as ever before ----> this is true personal view of friends that I witnessed ....

Of-course the dice didn't role the same for all of friends of me, there are those that sold in loss, and are not interested today anymore PITY THEM, they will hate themselves for this decision in a near future imo ...

I have a few that bought, HODLed and when it dropped they just never looked at it anymore and where of mind that if it go's to 0 then I will lose my investment, if not then I will sell when I have my money back (ALSO F***ing dumb), they better DCA'd but that requires to learn about BTC only then you will be able to decide and do so..... Actually I don't know if some sold or bought (I say friends, of-course friends of friends among those I speak of)
Though I hope they didn't sold and did learned to even maybe buying some nice DIPs :D

But those that did it right in a bearmarket, that are the ones I belief to be true HODLers and knowing how BTC works...

Sometimes its easy to think to have a long term perspective
BUT
One only have a long term perspective if its being tested continuously, and thats exactly what happens in BTC-land, do it good and be rewarded!

I learned about cryptocurrencies in June 2017. I wanted money and traded a lot ...

And just lost a lot of BTC

https://i.ibb.co/hsJTxvJ/111.png

https://i.ibb.co/JHYc56C/222.png


Reading this forum, I learned a lot about BTC, stopped trading, withdrew coins from stock exchanges, and from 2018 I became HARD HODLer.

Thank you all

Thank you OP and all contributors on this thread. It's just about the best thread I have read here, for me still at the very beginning of learning about bitcoin. I would say my learning curve has been a slow and reluctant.  Although I was absolutely fascinated with the concept  bitcoin ever since I heard about it in 2016. It took me up to over a year and half later to buy some. And then another year to discover this forum. And the only reason I am still interested in bitcoin now is because of this forum being so informative. Otherwise..I probably would have just been to wary and discouraged, and left the whole scene.

There is a sincere camaraderie here, and valuable information for a willing student. I know I will be enriched in many ways by the info on just this thread alone, not only for the practical advise but for the atmosphere of encouragement. All these posts here understandable and useful even for a relatively newbie like me.

It was your bad to sell your RDD before it pumped exponentially. Moreover, in the long run, holders are people whom will get more profits from their capital than traders. There are very few traders whom can get more profits than holders. Yes, there are outstanding traders, but you should not think you are one of them. Long term holding with good coins will help you richer, and give you more spare time to do meaningful with your family.

Especially that last part.... Don't let things consume to much time cause you will forget the other and maybe most valuable things in your life, I think when your a beginner it will already be a hell of a job to learn and understand the purpose of BTC and all its fundamentals as all of the wrong of the current financial system etc....

Then to really want to trade and be profitable so outsmart all the rest that are busy already day and night for years...... thats just to much as its much more wise to BUY and HODL and to sitback with even not paying attention to the price (not paying attention to the price is impossible I give you that ::) )
But please don't be bothered with it, cause nobody wanna be depressed by just wealth going UP and DOWN that you even don't need at that time, cause only invest x-% of each income that can be missed (of-course nobody can miss anything.... but just don't put yourself before difficult moments etc)

You must be able to keep living and enjoying your life while some of your wealth is being parked, just as savings into a back account.... BTC can get volatile but meanly should be seen as an investment with massive UP potential .... And only that to lose what you invest (probably I wouldn't think investments will go lost, but I just talk worst case scenario and even then I think it can't get lost.... or perhaps you really lose private keys ::),then again threads in here on how to protect those :D)

New joining members stay save at all times!!!!!

Probably some will find this BTC thing awesome and especially when its booming UP even thinking the worst is already passed with more as doubled in price..... though never get overenthusiastic and keep calm keep learning and remember nobody knows when there might be another DIP-correction however people call it.... and nobody knows when we explode UP.... imo buying on steady base is always good and just keep an X-amount of saving in BTC, each week or month or when there is an income, just continue to buy every time again :D

No we're not in it
for lambos, hookers, or blow.
We're changing the world!


#haiku

Royal "we"?

 ::) ::) ::)

I would suggest above modifications to make more in-line with actual "we"

Hardly can avoid it, mcteam seems to exist everywhere.

https://media.makeameme.org/created/team-pete-team.jpg

The hat gang has a decent reach ;)



It could be said that you seem to lean as a preference to prose, in the preferential sense, as opposed to poetry, even if
said poetry should in the form of a haiku, which appears to be a short form of poetry, but nevertheless you probably prefer prose, with probability in the 65.4% ballpark.

The below modifications might be more in line with the JJG we know.

Why work the ladder?
Hookers, lambo, blow. The world?
Don't give a ratt's ass.

#haiku

Oops. A WOT style post came out. Sorry. It's a hat gang thing.

You got me pegged.  I resent that.


Since you understand me so well, you should have anticipated that I am NOT going to agree.    :P :P :P

In other words, I prefer my revision of the royal we to the actual we, which I posted earlier.


You are all over the place, d_eddie.  You might be due for a Margin_HODL_of_an_otherwise_functioning_nap, aka "reboot"?  

In theory, you will thank me later, but my kind of quasi-understanding you too, somewhat, I anticipate that you will accomplish such "thankening" in a backwards and difficult to decipher kind of way.

 :D :D :D :D :D :D :D

I am sorry but I have a little different view on this forum.
Its right that there are many people try to help you. But some older members have a very small view on things.

i get my first Merrit from a friend after 380 posts with content in non bitcoin section. When you dont like BTC here ( I dont like and I have my reasons) you were often treated as stupid or unknown.

As example for beginners help: Say a beginner , "ah no problem just compile it...."  cuts out 95 of all computer users.

And with the content of 10 years in this forum, its sometimes not possible to find the solution for your problem.

I would ask older member ( I know they mostly HODL BTC ) to take a look in Altcoin section ( yes 1/3 of the main thread space if for 99.99 of all coins)without prejustice
And when you know how to help OP just do without any finger pointing.

So lets get crypto involved for much more people.

Trying to turn innocent beginners into shitcoiners is not fair.

Fuck the rest of those allegedly potential projects (aka shitcoins), like is the theme of this thread, and d_eddie just reiterated.

Get your focus on bitcoin first and once you get somewhat established in bitcoin, then maybe you can take 1% to 10% of your total value and experiment with shitcoins. 

Frequently, if someone is just starting out, their 1% to 10% is not really going to add up to much of anything, anyhow, so they are not going to feel like they are able to put enough into shitcoins to even profit from it, but that should NOT be the reason to throw 90% of your low value at those dumbass projects - which seems to be part of the point of focusing on the better investment, which is bitcoin and which still is risky and continues to have a lot of ongoing upside potential, inspite of the dumbass talking points of shitcoin pumpers. 

If you build a decent amount of stake in bitcoin, which is largely the only project with substance, which would give a decent foundation, then if you still feel like playing around with other stuff, then at that point, your 1% to 10% might even amount to a more sizable amount that you will be able to figure out how you would like to deploy it on other projects, rather than employing a random strategy of luck, like you seem to be suggesting konfuzius5278, and just throwing spaghetti at the wall to see which ones might stick.

It can take years and years to really build a decent foundational amount of value, and there are no real short cuts to that.

So ETH is a shitcoin. Its also in Altcoin section. or BNB and DOGE

See you proof my argument.  ::)

And your argument is what? get rich quicker by investing in shitcoins? and you specifically are recommending certain shitcoins too based on some kind of fact that they could not be shitcoins because they are discussed on the forum in a section that is dedicated to them? 

Ethereum and doge are shitcoins for differing reasons.  BNB has some utility for getting disounts on the exchange and getting some kind of equity in binance, so if you use binance services it might be o.k. to hold some, maybe not for speculation purposed, but at least in order to attempt to get some exchange fee discounts or other offerings from time to time and in small amounts.

If I am proving your argument, it is far from clear to me how I have accomplished that unless you just have some kind of weird logic that tries to find support from your position in whatever way that you can?  Perhaps you mean that you are way smarter than people who have figured out to get their shit together by attempting to focus on bitcoin first?  I have my doubts about your supposed level of smart, especially if you are not even attempting to account for various points that I had made in my above post, but whatever, believe what you like in your little lala land world trying to sort through which are the less shitty of the shit coins. .. and your consideration that is a good way to spend your time and any allowance that you may have received from your step mom.

I Said older members should have a Look there.
So you Proof my Argument to say they have a Small view.
I know why you are so Rush. You have Bitcoin and you want to Fight everyone claiming to have Alternatives to keep price up
Bitcoin is a shitcoin. Its damn slow, when adapted it has massive expensive TX fees, and Bitcoin CO2 Print is worse. Beeing the First dont need to be the best . Nestcape was the First.or Internet Explorer. Who uses?
Why Can older members just say ok there are many shitcoins. But maybe one or another is ok ?
Thats what I am talking about

Well, if you mean "older members" as in more experienced members, then surely that could help to clarify what you are suggesting and make it less offensive.  In the end, there are a lot of ways to invest, so each member has to chose for himself/herself... but right from the context of this thread, OP seemed to have been talking about a beginner perspective and how a beginner should consider investing.. which he was suggesting to begin investing with a bitcoin focus, first.  Of course, people do not need to agree with his perspective, but there are a variety of ways to contribute to the conversation while still having a view that is different, without necessarily going to the extreme of suggesting that it might be good to start with altcoins, which really seems to be a more fair interpretation that you were suggesting for members to go to altcoins and consider them.



Well, if you suggest that we are saying similar things, then there may be some parts where our views are overlapping.  It can be quite difficult to make any real or meaningful recommendations to other people and frequently, I suggest that they attempt to tailor their approach to their own financial situation, such as their other investments, cashflow, timeline, their views on bitcoin (I don't recommend getting started with any altcoins, it is a BIG ass distraction and dilutes your investment, unless you already happen to be rich), risk tolerance and their skills and time available to research or engage in portfolio management such as trading.

I would consider anyone who is kind of beginning to have a small view, even if they are smart about a lot of things, and sometimes it can take a decent amount of time to learn about bitcoin and also to tailor a strategy that is fitting to a person's situation.



The more you type the more that it appears that you have little to no clue.  You have some dumbass talking points and diversion and trying to look like you have some good ideas about investing in other things, but it is becoming more and more clear that you have a lot of either dumbass ideas or you have some dumbass shitcoin talking points that you are trying to promote.

My motivation is largely to clarify what you are saying, and along the way, I attempted to outline a viewpoint that largely was an attempt to support the OP's attempted view on the bitcoin preference matter and why that is an overall sound and prudent approach to getting started with investment into the space.. and don't get distracted by shitcoins....

In the end, everyone has to decide for themselves, and I could give two shits if you and/or other folks decide to buy into dumbass shitcoins and their lame talking points.  I do not need to pump bitcoin because in the longer run bitcoin is going to likely continue to be kingdaddy and to be the best place to invest, especially when getting started and attempting to put a solid investment strategy and approach in place while getting to learn about the space (again referring to people who might be newer to the space and just getting started investing in bitcoin)..


Snap out of your trance, you diptwat.  You are spouting off with an altcoin pumper/bitcoin naysayer talking point that is hardly based in reality.   


Another dumbass talking point, likely coming from the ethereum camp or other Proof of Stake coins who are talking about some nonsense to pump their dumb agenda that tries to suggest that there is something wrong with Proof of work.

Proof of work is bitcoins intervention to create something that had never been created before, so go ahead and downplay proof of work and suggest that there is some better proof of something else such as "stake" or some other pie in the sky bullshit, and you are going to get sucked into some kind of paper tiger pie in the sky scam... so no you do not sound smart, at all, when you are spouting out energy consumption nonsense... while trying to suggest that some other coin(s) have better systems.. and thereby lose the whole intervention of bitcoin and its value proposition to the space...

A significant reason why bitcoin means something is because of proof of work and various incentive structures around the whole set up including difficulty adjustments and all those simple things that come together and make a whole big difference that shit coin pumpers want to suggest that they have some kind of better system.. blah blah blah or that bitcoin is broken.. blah blah blah.. 

Bullshit.  snap out of it konfuzius5278


 being first means a lot when it comes to establishing a protocol.. and if you believe that you are going to overthrow kind daddy, you better not only be better, but you better be a whole hell of a lot better in enormous ways in order to really attract the network effects over to your likely to be centralized project... which is not too likely to happen.  Good luck with your hopium in that direction.


If you want to go invest in other projects, then do it... you might get lucky.. but you also might lose your focus or your ability to identify why bitcoin is the king daddy.... Seems like you are already fighting bitcoin as the king daddy and part of your problem is likely that you have been attempting to be too "open minded" in listening to the bullshit scam presentations of shitcoin marketers... and losing track of that they are selling you bullshit in order to pump their bullshit...

Yeah, sure it can take a while for many folks to come around to bitcoin because a lot of times they buy into shitcoin projects that sound really good... and sure, you can go off and play those games if you want... no problem... It might take 50 years or more before a lot of this plays out, anyhow, so in the mean time, there might be some coins that are able to pump well in the process, but if you are not investing in bitcoin, then you are likely to be a bit lost in your mental approach and your financial prudence, which tends to be better to have financial prudence in the long run.. and long term investments and to be able to sleep at night, overall without feeling like your investment couldf go to zero at any minute.

So the blockchain doesn't grow out of control, and almost anyone can run their node. Verify, don't trust. Want to run an Ethereum node? Good luck syncing.

If you want to buy coffee, there are a few L2 services (Lightning Network) amd more will come. Main chain bitcoin transactions are bound to be for largish movements only, more so the more btc price appreciates. Because bitcoin has value that other shitcoins don't.

Only because it has value, so miner competition is hard: the CO2 print is proportional to the hash rate. And most most figures you find on the web about bitcoin's CO2 print are out of this world.

That's your only valid point. There's no logical obligation to be the best, but it can happen, can't it? The way I see it: most of the shitcoins created after BTC were designed with the specific purpose of making a fortune for the creators. Bitcoin wasn't.


What I am talking about is: give me an alt coin with a use case not covered by BTC, and maybe we can discuss about it. In the ALT SECTION.

Its exactly like how JJG says it is, all the alt-coins will mainly be sh*tcoins, it is what it is..... Why are older accounts not visit those parts to often, probably cause they more and more understand the market, perhaps been burned on some sh*tcoins, probably they just have a clear vision on BTC by learning and consuming knowledge...... the longer you are involved with BTC the further you will drift away from sh*tcoins.....

This thread is to prevent people wanna get rich quick, invest in dumb coins and first read learn about BTC, just start their buyings with BTC, later on when you a at least a small clue of what your doing then perhaps get a little bit explorative and get at its highest 1-10% into sh*tcoins if you have a high belief in its value or for any reason you believe (but its not a must do or something, but I understand it will satisfy some people with just trying and finding out)

Bitcoin is the best coin to help investors getting richer. I say this because bitcoin is not a fraud, it is actually not a shit coin and will survive in our civilization next years. Investors will only become richer if they invest in bitcoin and hold it tightly in years.
If investors invest in altcoins, they might get big profits with some altcoins, but they also might got losses with others (scam altcoins). In total, the margin of profits from altcoin investments might be much lower than bitcoin investment. There are very limited people can have enough knowledge, skills to get higher margin of profits in altcoins compared to bitcoin investments.

I read some meritable posting, but currently out, some will do that later on ........

I dont want to argue here about BTC or Not.
You See I am attacked Just because I say take some time in Altcoins thread . Maybe you find something interesting.

And I Stick the Argument , user long in this thread Fight for BTC because they bought maybe 10 for 1000 Dollar.

LN has nothing to do with BTC would work with every other coin. And its only needed because of Bitcoin behavoir .

BTC is an Investment, no crypto currency. Because with a Cryptocurrency you Can pay today.
Thats not possible with BTC because LN still really complicated and in child shoes.

So calm Down.

And the Argument I have No clue. I Take experiance for 2 year every Day 4-5 hours.

But you dont hardly get any merrit here Not talking about BTC

Yes it is possible that someone might find a thing or two that you say to be interesting... largely you are just rehashing altcoin pumping talking points and you are not really saying anything important or meaningful.


Yeah.. you want to ignore everything that is said, and boil it down to bias.. .  You are a dumbass simpleton.


LN is not needed.  It is just an enhancement or an additional option for BTC users that is still in very early stages of development.


BTC can be used however you would like to use it and if you believe it is practical to spend it, then do it.

Gresham's law would suggest to spend the less valuable assets/currencies first.... but it is a personal choice if you would like to spend it.



If lighting network is too complicated, then don't use it. whatever.


Yes... you are so so smart, and write a lot of gibberish at the same time, so your suggestion that you are actually adding some kind of value rises mostly to the level of fantasy rather than actuality.

It's better to give merits to those extraordinary informational threads than a common post for discussing BTC. Every topic in the Bitcoin discussion is mainstream and considered as a mega-thread. Most of them are ordinary and every people in here can actually give those kinds of statements, nothing special. Here in the forum, everyone can talk about BTC and you can acquire that knowledge by spending a little amount of time for searching it in google. There are no concrete statements that might help others, sometimes it's just full of opinions without a basis.

..and dude this might help you.. click here (https://app.grammarly.com/).  ;)

There is nothing so difficult that you cannot do. If only you set your mind to it, you will definitely succeed. The obstacles will definitely come, but you shouldn't be hit by it, don't give up because you can achieve whatever you set your mind to

Bitcoin  can not be used as payment ??  I go supermarket,  go to cashier and wait MINIMUM 5 minutes (middle between 1 sec and 10 min= before the cashier knows I have spend the money. Oh And there is no block found for 1,5 hour. Thats bad :-)
With DASH , one of your shitcoins its possible in 2 sec without any add on like lightning network or company proof your payment....

Yes Proof of Work was the first idea, and other idea muss less consuming energy will follow :-)

We talk again in 10 years lets see who survived :-)

By the way the I loose the hell of money. Most in Bitcoin because I thought the hashrate would adapt the price, then exchanges I payed listing my coin and then disappear and DEV taking money and dissapear.
The only shitcoin I loose money was REEF. I learned a lot with it.
Now I earn money running a mining pool and trade your shitcoins  :D

Are you fucking retarded?  Of course bitcoin can be used as a payment.  All you need is for the other person to be willing to take it and you wanting to use it in that way.



Oh, you want to create a scenario in which you pay right away and you need confirmation right away, then nope.  Probably in those circumstances, then the waiting time might get in the way.

You are a dumbass..... You are creating one kind of scenario.. so fucking what?  There payment solutions being worked on, to the extent that might matter to some people in some circumstances.


If I had DASH, I would want to get rid of that stuff as soon as possible too.  So yeah.. good idea.  Use dash for that.


And, proof of work is the innovation, you dipwit.   We already have a number of payment systems, wend don't have anything that is even close to bitcoin in terms of censorship resistant and secure... so if you can wrap your tiny little noggin around that then maybe you will appreciate what bitcoin is offering to the world in terms of the innovation.... otherwise go play around with your alt coin, such as dash or whatever you want to play around with to offer little to no value that bitcoin does not already offer.


Yes.. good idea.. now go pump your baloney shit somewhere else.... and I don't even care anyhow.. I am happy about my investment currently in bitcoin and I don;'t have to wait 10 years to change my investment.  I can change my investment allocations at any time that I want... no need to wait 10 years, if I believe that there might be  a better way of allocating my investments.


You have some personal grudge?  Hm?  Is it relevant?  Or you just raising some baloney point that does not really mean anything except you fucked something up in some kind of personal way that is not applicable to anyone except yourself?



Sounds like you are a bit lost.  How long have you been into bitcoin?  or shitcoins or whatever you are in?  Maybe you should explain your history a bit in order why we might be able to understand the various ways that you are screwing up.  We have been in a bull market recently, so it should be a lot more difficult to lose money as long as you exercise some prudence and discipline without gambling too much on bullshit.  That is supposed to be part of the point of this thread to attempt to figure out bitcoin first before going all over the place with thousands of other bullshit projects that may or may not be good for your long term financial or psychological health.

@JayJuanGee I never insult you personal but you name me "dumbass or dipwit (maybe a insult also google translater dont know)  in every post 3 times. But you are legendary member, you can do this without any reaction of the mods. Thats what this forum is like

Paying in supermarket is no special scenario, its standart for a currency. And NO supermarket accepts Bitcoin without any assistence of a extra company going advance.
Travel to venuzuela and you can see the use of crypto with DASH in everyday live at some e.g. fastfood restaurants just ON chain.
Maybe some solution in years. Yes thats what Bitcoin is like, WAITING :-)

Yes my personal experiance is relevenant because name of the thread is about myself beginning crypto

I think you have Alzheimer illness, because I explained detailed how much crypto experiance I have because you called me "dumbass" before.

You are so hardline, you are the dumbass.

Yes.. exactly.. you are dumbass and dimwit or whatever other appropriate adjective because you continue to persist with your baloney themes of trying to pump up bullshit strategies based on shitcoin nonsensical talking points to suggest that people invest in shitcoins because supposedly they fill some valueable role that you have yet to clearly present.  Wasn't it already suggested that you take your baloney nonsense about comparing and contrasting other coins that you might be able to pump well spreading nonsense about bitcoin's supposed deficiencies somewhere else?  

You don't even attempt to make any kind of meaningful or reasonable assertions beyond providing cursory talking points that are not even true.



Who put you in charge of forum etiquette?  If you outline some kind of reasonable plan, instead of seeming to pump misinformation, then maybe you might inspire some sympathy,.. maybe?


Yes.. it is also an altcoin pump talking point about their supposed superiority that does not exist.  Being able to spend does not cause the asset to be more superior if the asset is not in itself valuable.  If you ever heard about Gresham's law, like I already suggested, then you will understand that there is already an incentive for folks to spend their least valuable assets first.



I doubt that you are even correct.  There are a lot of supermarkets around the world, yet I doubt that whatever you are saying makes any sense anyhow, if someone like OP, is saying to invest in bitcoin first before getting involved in shitcoins, therefore, even if shitcoins can be used more easily than bitcoin (allowing for your presumption that might not even be true), that still does not mean that newbies should not invest in bitcoin first before getting involved in shitcoins, so in some sense, what you seem to be proclaiming, konfuzius5278, about shitcoins being more spendable than bitcoin still would not justify that OP is not correct about investing in bitcoin first.  What's your point?  What's your point?  And, how is it relevant here, beyond me continuing to label you as a dimwit for continuing to raise it as if it were some kind of a priori consideration when it is not?





does anyone care?  Are you trying to pump dash?  Do you think that newbies should invest in dash first?  or modify their portfolio to include dash, for some reason?


You hardly have proven anything by saying that people can't use bitcoin in venezuela.  I have heard that there are quite a few people mining bitcoins in venezuela.. but no I have not been there.... but I still doubt your representation based on your pure assertions.  Have you been to venezuela and are you actually representing venezuelan facts accurately?  I doubt  it.  Even if so, I remain a bit unclear about the relevance of such facts, even if they were true.  Furthermore,  you have already shown yourself prone to exaggerate about irrelevancies and striving to persist with your discussion of irrelevancies.


O.k.  Have you told us anything about yourself, yet?  Why don't you tell us about your personal crypto investment history and allocations?  You don't need to give us exact amounts or dates, but give us some ideas of your portfolio, how long you have been in and how your crypto portfolio is performing and how you believe it might perform in the future based on your having had learned from your history in order to structure your portfolio for the future.


You are correct that I do not remember the part about your supposedly providing your crypto experience(s)...



dumbass regarding what?  Are we supposed to be talking about investment strategies for newbies?  O.k.   let's do it... Can you explain what is a good crypto strategy that might compare or contrast with the recommendations of OP?  I had asserted that I largely agree with OPs recommendations and I had provided a variety of reasons for that which were relatively similar to OPs.  If you are suggesting some kind of alternative strategy, then get into describing the strategy with some kind of particulars and maybe compare such recommended strategies with your own experience while suggesting why your recommendations might be good or even better than those provided by OP.  

I am all ears, and probably other members would like to hear about your possible investment strategy/plan too, to the extent that you have any specifics that you can provide beyond vague assertions..  

For example, how would you recommend that a newbie begin to invest, let's say that such hypothetical newbie just found out about bitcoin/crypto, and wanted to begin to invest with a kind of 6 month plan.   Such member has a $6k savings and $3k of expected extra income that could be dedicated to bitcoin/crypto in the next 6 months.  

How should such member approach the planning of this investment strategy for the next 6 months?  If you do not like the scenario that I had outlined, then provide another scenario that you might consider to be more realistic in order to illustrate whatever supposedly not dumbass points about bitcoin/crypto investing that you would like to make about investing in bitcoin/crypto for newbies.

If you provide a reasonable crypto/bitcoin investment plan that accounts for the above 6 months scenario that I provided or some kind of more telling scenario while making some kind of reasonable attempt to compare or contrast with OP, even if I do not agree with your recommended crypto/bitcoin investment plan, then I will promise to retract my already made and repeated assertions that you are a dumbass, dipwit or any other possibly "over the top" adjectives that I might have prematurely employed before giving you an adequate and reasonable opportunity to explain your earlier crypto/bitcoin investment assertions.  

Fair? Or am I continuing to be too much of a BIG meanie?

https://encrypted-tbn0.gstatic.com/images?q=tbn%3AANd9GcRelHHZQH7S2QH82rq5iu5W2JPbXpJOIZ4sqlnqeRxImcOUZIZ3

I'm a bit worried to your feelings so here, "Butthurt Cream"

Yeah, you're being such a bully 😂 Just chill out, we knew that this newbies are lacking. Even if you explain it to them shit by shits they won't even understand. Its like teaching a monkey to peal a banana but suddenly eats all of it  :P .
Though some of them acts high and feels like they're mighty when it comes to crypto. Just ignore it buddy 😂

Hahahaha... I prefer NOT to be a meanie, even though it comes out of me once in a while. ;)

I certainly don't mean to clutter up Mic's thread because mic seemed to have been trying to suggest some ways for newbie crypto investors to consider getting into bitcoin and focusing largely on bitcoin from the start.. and not getting distracted by shitcoins.  

Surely, not all members or even a significant number are going to agree with that kind of bitcoin prioritizing perspective, and maybe if konfuzius5278 attempts to respond to my last hypothetical and provide a meaningful alternative approach, then at least he will gain some credibility.

I have been personally participating in these kinds of threads and this forum to learn and to share bitcoin related experiences with others, and if it turned out that I was too tough on konfuzius5278 because I was not open enough to a portfolio or an approach that allowed for a much higher consideration of altcoins, then I will be more than willing to apologize to konfuzius5278 if he at least makes a meaningful attempt to respond to my hypothetical or something similar.  

Since he has been coming at me fairly strong, if he does not, then in my thinking it will continue to be more than fair game for me or anyone else to continue to call him the names that I have already called him.  

I know that all of us do not necessarily agree with how to treat trolls, shills, alt coin pumpers, bitcoin naysayers, no coiners or other seemingly disingenuine posters, but I am more than willing to admit that I was wrong if that ends up being the case with my treatment of konfuzius5278, but only if konfuzius5278 is able to at least attempt to provide some kind of meaningful attempt at a response.  Such response from him need not be any kind of masterpiece in order for me to take back some or all of the harshness that I have so far already dished out in his direction regarding this topic.   ;)

By the way, you are correct about some kind of need that all of us have to NOT get too emotional regarding the posts of others or to take them too seriously, so yes, butthurt cream can definitely be helpful, even if merely in picture form.  

Thanks for providing that picture of butthurt cream for any of us lil fellas to use for our viewing pleasures.

@JayJuanGee Yes you were very tough and words like dumbass is not needed here for a serious discussion.

One thing keeps in my mind to say: Any hardliner in the wourld, policial or economical is a dumbass in my eyes. There is no black and white truth. Everyone should know.

And if you are really interested why some alts are maybe good investment I would point out now some:

Big player:

DOGE: startet as funny coin, no updates, but stable since 5 years. Fast Transfer, Has same periodic waves as bitcoin and its cheap now with 30 sat. I would take some and sell back to 70 sat (then you have your BTC)

DASH: very hard development, first Masternode coin, so no simple fork of BTC, has updated a strong 51% attack protection in last update, masternode holders depend the way of the coin by voting, as I said before payments in secound on chain as regular payment, no extra fee is needed any more.
Price prediction is hard but I would give it a try, also cheap at the moment.

IOTA: big discussion everywhere, NO fork of BTC, technical child shoes, contracts with big automotive company, risky investment but when suceed BIG win.

small player (of course more risky)

AXE: has grouth its value 5 times in 4 weeks, is a copy paste of actual DASH, CMC rank about 200 , but cheaper to hold a masternode, maybe too late to jump in

HTH: Also a DASH fork, will make an swap with actual DASH code including a change to X16r algo of Raven. Mostly interesting: Accepted charity organisation in the US, possible big exchange listing, very cheap because of several factor so no high risk, two option: trash or really big groth.

If some more come in my mind I will write....

Edit: Sinovate: Relativly new, uses bigger exchanges, Algo X25 relativly new, interesting idea about Masternode to avoid pump and dump: coins for started Masternode are burned, the reward is payout over a year.

But you are right, many small alts just copy paste with sometimes scam intention , sometimes just too small to survive.

And as you see I have my own experiance starting a coin as social project, but run out of money by scam of exchanges and devs.

Theme is very complex also with bitcoin and tether taking the price, so EVERY Invest must be good checked.

What the fuck do you know?  You are engaging in the kind of behavior to justify such language usage from me.  In total, I am likely being too nice to you by even giving you several opportunities to redeem yourself from your current nonsensical status..


Of course, there are other examples of injustices, ironies and dumbness in our world but that does not mean that you are not acting like one of those examples of a dumbass or a dimwit, as well.  

Pointing the finger at other examples seems to be failing/refusing to take responsibility for your own situation by engaging in diversion tactics.


Not looking for advice regarding how to gamble with my money (or for newbies to gamble either).  Looking for you to make a description of how to approach a btc/crypto investment portfolio for me or for newbies.



Didn't I already provide you with a budget for 6 months?  How much of the 6 month budget goes into this coin?  And, you are saying to just hold it until it reaches 70 sats.. that's a somewhat reasonably understood guideline, I suppose, if the price of doge goes there that is another question, but at least I would know to sell at that point, and presumably go into bitcoin at that time.  Are there other scenarios that I should sell, or if it goes down rather than UP, I just keep holding until it goes to 70 sats at some point?


You need to be more specific regarding how much of our newbie budget that we are putting in to this one and when to exit, no?  How else we going to know what to do with our budget?


O.k.... again how much of our 6 month budget goes here?  and when do we know when to get out?


Ok. so in the end, you are saying don't invest in this one?  Remember that I wasn't going to invest in anything other than BTC anyhow?  So by telling me (or anyone else) not to invest in this one, you are not suggesting anything different from the original plan.  How is that helpful?  I suppose that if i am going to give you some benefit of doubt about why you brought up this particular coin would be just to say that such a coin would have been a past opportunity, is that what you are meaning?  We can look at a lot of charts and see past opportunities, can't we?  Should we let those distract us from our current plans?


O.k.... again how much of our 6 months budget goes here?  and when do we know when to get out of this one?


We are deciding our investment portfolio and plan now, no? How are we going to decide in the future when you might add some more coins?  Does our plan require having to listen to you or to some other oracle on a regular basis regarding what to invest into and how to create or plan or how to tweak our plan on a regular basis?  That does not seem good to have to depend on anyone else to provide future tips about coins or having to go through a constant and uncertain process of tweaking on an ongoing basis?  And regarding all of these investments how much time are we going to be spending on watching them to know when to get out.. and now you are suggesting when to get in, too?


Haven't even gotten away from this post, and you are already coming up with more factors to consider in our investment plan.  Would be nice if your ideas were already set, no?  With these ones, are you suggesting acting or not in regards to any of them?  You want us to follow these projects to figure out if we are going to add them in the future?  Isn't there some difficulties in using so much brainpower to attempt to follow various nonbitcoin projects and potentially spreading out our time and money so thin?


At the same time, you are suggesting that instead of investing in bitcoin, you want us to try to follow all of this nonsense to be able to attempt to spot an opportunity in some various other cryptos, and when we do spot an opportunity then we need to be able to get in and out of the "opportunity" at the right time, no?  

I am having some difficulties understanding how your proposed investment approach would be better than starting with a focus that is mostly on bitcoin, like mic had suggested from the start.


The more coins that any person has (whether newbie or otherwise), then the more potential for scams, no?  like you said, more shady exchanges and shady devs.  So you seem to be suggesting that newbies increase their avenues of risk by adding a bunch of other projects to their portfolios?


Huh?  You are trying to suggest that bitcoin is a scam, too?  Because of tether?  Here comes some more idiocracy, no?  You must merely be trying to justify your decision to invest in a multitude of crypto projects by trying to lump bitcoin into a similar kind of category, in order to kind of throw your hands up and suggest that all cryptos are equal, including bitcoin?   I am not too convinced by your attempting to lump bitcoin in with your other scam coins.   


By the way, overall, I will praise you for attempting to provide some kind of additional ideas about some other crypto projects, but you have NOT even come close to suggesting any kind of specifics, except perhaps for your recommendation about doge that was the most specific of all of your recommendations, but hardly is even helpful to invest in one of your suggestions if I don't know, in accordance with the budget that I provided to you about how much of my current $6k to put in or how much of $3k cashflow over the next 6 months.

For now, I might not call you a dumbass as much as I was, unless you cause me to by saying some more dumb things, but certainly, you are not really providing very good proof that you are not a dumbass in accordance with what you are suggesting that we (or newbies) should do in terms of their current crypto investments.

Accordingly, you have not provided enough of an investment guidance yet to justify my retracting any of the times that I have already thrown out such dumbass or diptwit epithets in your direction.  You surely left me (or any newbie) without much guidance for investing over the next 6 months, and compared to mic's plan, the newbies would likely be swimming in your vague guidance that also does not say how much, if any, bitcoin should be included in such proposed investment plan allocations.  

Furthermore, even if you had not liked the 6 month budget scenario that I had presented to you, you had not even created your own budget proposal  scenario or even an alternative investment timeline.  Newbies need more concreteness  and guidance than you are providing, no? Seems that OP's post comes much closer in the direction of providing direction and concreteness for newbies, and even better focal points than what you have so far provided... It's like you are attempting to think through the plan as you go rather than having something that you can present to a newbie, no?

How can I ever say how much someone invest. Just point out why a few dollar is good idea. A few dollar that might get lost

And my final statement: You know also BTC is manipulated as EVERY crypto and most standart shares.... if you dont know sorry but you must have been blind.

I provided you with a hypothetical.  In the hypothetical, I told you that if we supposed that a person has $6k already that s/he is willing to invest into crypto and that same person has a cash flow that allows another $3k to be available for investing in crypto over the next 6 months.  So that is $9k available in the next 6 months with $6k available right away.  Therefore, I already provided you with an investing budget and a tentative investing timeline, and you seem to not understand the concept of having a budget or working within some realistic timelines that start from the present and go a ways into the short term future?



Well, maybe that is about as graceful of an "exit" from you that we could expect.  I thought at least you would provide some kind of investment scenario (or make a meaningful attempt), but whatever, you don't seem to be ready or able to accomplish any kind of semblance of creating an investment plan that could be applicable to newbies that would challenge OPs recommendation(s) in any kind of meaningful way.



No I did not know that.   I know that the presence of manipulation has been asserted and argued to be present for the last nearly 6 years that I have been investing into bitcoin, yet I also have recognized that those kinds of claims about manipulation tend to be overly exaggerated and frequently misinformation, and at best are very incomplete descriptions of bitcoin's market performance dynamics.

Furthermore, You assert BTC manipulation as if it were true and equal to manipulation taking place in other cryptos, which demonstrates your own lack of abilities to understand substantial and material differences that exist in bitcoin as compared with other cryptos which makes some of your recommendations regarding NOT investing or diluting newbie investment away from bitcoin to be questionable at best.  But I am glad that we finally got sorted through a decent amount of that.  Geez.

Don't drive the wordy man mad or else he'll drown you in his 99999999999999 words.

This post (https://bitcointalk.org/index.php?topic=5166448.msg51996334#msg51996334) for example has:

"1,788 words 9,651 characters"
source (https://wordcounter.net/)

hahahahahaha

I think that I may have calmed down now.

Either I drove konfuzius5278 into giving up by barraging him/her/it with too many words or perhaps, just perhaps, s/he/it was full of shit from the beginning that s/he/it suggested that there might be some better strategy approach to investing in crypto, besides starting out with bitcoin, and s/he/it ended up being unable to comply with a very simple means of plugging an investment starting plan into a hypothetical.  

Basic investment planning and strategies should be able to fit any kind of investment plan and/or strategy into a hypothetical that involves both a budget and a timeline, no?  I even suggested that konfuzius5278 could tweak some of the parameters of the hypothetical to make the hypothetical more to his/her/its liking.  But, so far (crossing my typing like a crazyman bot fingers) no more hearing from konfuzius5278.

Just a question: why do you define yourself a beginner and you have a legendary account from 2017?

 ??? ::)

He's been a beginner for a lot longer than a couple of years - look again.

You are referring or asking the question of OP, right?  OP is a hero rank (probably soon to uprank to legendary) who I believe started investing in bitcoin in 2017.

Seems that he is describing his mentality when he was a beginner and from when he started investing in BTC in 2017, but I suppose that he can elaborate or respond to your question about why he took such a perspective.  I doubt that it is a far stretch for anyone who is more experienced to attempt to describe what it was like as a beginner, even though you are correct that he is much less of a beginner than he was back then.

I thought I'm the only one who noticed how long he posted. Its too complex for me that I can't understand some of it :D (or I'm just a noob person out of nowhere) but anyway, it makes the thread active so.......

The rank of the account doesn't define if you are a beginner or not in crypto. The fact is there are legendary ranked members here whom I can consider as a beginner like me ;). @JayJuanGee said it all, I just seconded it  ;D ;D :D :D

JJG, you are so patient to keep long-lasting 'discussion' with that guy, whom might be drowned with your wordy-flood soon.
Personally, if someone don't have open-minded, so we should simply give them maintaining their mindset. No need for wasteful and endless discussion, IMO.

There are some forum members here who have a psychological condition called: "word-count envy."  

Sad, but true.  


Source. (https://palerambler.wixsite.com/fegbooks/single-post/2014/10/22/Word-Count-Envy-A-Pep-Talk-for-Slow-Writers)

 :D :D :D :D :D

In here JJG explained a BTC-n00b how and what it is, so good job :)

No one explained here why bitcoin is the best or for JJG the only investment.

JayJuanGee brings up many words as someone has written before, only says my argues ar false. No detailed discussion about any argument

Bitcoin is controlled by global players, such named whales which can modify the course when ever they want.

Moving 200k BTC (thats 1.6 Billion USD) on 29.07 (see whale alert https://twitter.com/whale_alert) is for fun? Dont think so. Technical purposes  ::)

What about Bitmain? The whole high hashrate [which is the best about BTC for many of BTC users] is given on one company. Firmware error? Planned exit ecam?

And no price control by tether, never be? Producing and burning coins for 5 Billion USD is only an accident  ??? ???(https://cointelegraph.com/news/tether-mistakenly-minted-5-billion-usdt-and-immediately-burned-them)

Dont be so naive about BTC beeing immune about everything

No one said that bitcoin is best and only investment, you diptwat.


Do you not know how to read?  You have been presented with a hypothetical and an opportunity to provide your alternative investment scenario, you continue to fail and refuse.  In other words, you have made no meaningful argument that is relevant to how to invest if newbie or otherwise.


That is a BIG presumption that does not seem to be provable based on actual facts.  Furthermore, these supposed manipulative whales are surely allowing a lot of regular people, especially the ones who chose to buy, accumulate and HODL bitcoin to profit stupendously from that particular course of action.


Yes.  On blockchain movement of coins can be seen from time to time.  What does it mean?  Do you know?


Bitmain is not bitcoin, and who gives any shits what they chose to do?  They can do what they like.  Remember MTGOX?  in January 2014, BTC was trading on their platform above $1k, then sunk to $600 by February 2014, then the ability to withdraw on MTGOX became worse and worse and coins were trading on their platform in the lower $100s while trading in the $600s for the rest of the market.  Thereafter they suddenly closed, and then announced that they had lost about 800k BTC and then said that they recovered 200 of those lost BTC.  That MTGOX trauma seemed to have affect BTC's price for a decent amount of time after that, and the lost coins have still not been recovered and the found coins still have not been distributed, but the BTC price still has gone up, even with the craziness of the irresponsible custody results of that third party entity. 

Has taught some HODLers and accumulators not to trust very many of their coins with third parties.




Again?  Who cares? 


Is anyone saying that BTC is immuned from everything?  I think not.    One thing I do know is that you keep raising fearmongering points, but you still have not described an investment plan or scenario which seems to have been the theme of this thread and your initial opposition to OP.  Now, you are changing the story, but it remains unclear what you are saying exactly?  Are you saying don't invest in bitcoin? 

What about the altcoins that you were touting in a few of your earlier posts?  Do you think that those alt coins are better off than bitcoin if some of the supposed shenanigans were to play out from various third parties, like you had been speculating?   

You are the one who seems naive, unable to focus and unable/unwilling to provide an investment approach/plan that is better than the one described by OP.  One of the reasons that any of us might reasonably conclude that your investment approach/plan is NOT better than the one described by OP is because you have failed/refused to provide any kind of investment approach or plan.

The volatility and movements will go slower with the years, user count will keep increasing, coins will get divided more and more under people, still realise this is only her for a few years.... Its logical that there where early believers of this tech and big buyers that now holding more BTC but the market will keep growing and more and more people will be buying, thats why its very much of interest to buy whenever you can and just to HODL a part on cold storage and if possible to keep a part to use on daily base

But it is the best :P

Not the only ....... but still its the best :P

I stop here. These legadary users have again forgotten their netiquette.

I am no idiot. I am doctor of emergency medicine have studied 6 years at german university and 10 years in job having saved hundrets of lives.

The only reason to use this forum is to check the altcoins ann thread. Thats not possible at discord.

I am so sorry I forget that again. Apologise me   ;D

Well, maybe you are proving me wrong, micpeep?

You certainly have a right to way whatever you like, yet I think that saying bitcoin is the "best" is attempting to make a kind of guarantee to its future performance, so even though you have a right to way whatever you like, I doubt that anyone can really genuinely make any of those kinds of guarantees without proclaiming sorcerer status, and I will call bullshit on anyone proclaiming to be a sorcerer.

I do think that it is fair to not only say or show that bitcoin has been amongst the best of performers of all asset classes, but also to make various arguments and proclamations that bitcoin is "likely" to continue to be either the best or amongst the best of future performers.  That is part of what makes bitcoin such an asymmetric bet because it has so many odds in its favor, and I would outwardly proclaim that people who know about bitcoin and have some kinds of investment funds are dumbasses if they do not make efforts to allocate at least 1% of their investment portfolios into bitcoin. 

By the way, if bitcoin were a sure bet, then the recommendation would be to put 100% of your assets into bitcoin, and I really think that is both way too extreme, a bit foolish and also unnecessary.  You can bet way higher on bitcoin, including putting large percentages of your wealth into bitcoin, and still profit stupendously without going 100% into bitcoin.  I know that some people attempt to do that, but I think that is not a very smart way to live, even if they these kinds of people are trying to show their commitment with the degree of their putting their money where their mouth is.

I understand that every persons situation is different, including their living standard and perhaps even poverty that they were born into, so in some sense there are going to be people who have way more disposable income who are going to be able to perpetuate rich status  more than some people in more poor situations and less disposable income or assets.  Poor people will still likely be able to profit from the incentive structures that are established around bitcoin, and they could more personally profit, too if they were able  to attempt to put even a few dollars  a month into bitcoin... and I understand that there can be some difficulties, even with that, and I doubt that all of the world's inequalities are going to be solved overnight either...even  if bitcoin likely does provide a decent amount of incentives to move the world in a more fair direction overall and through systems that are likely going to continue to place value into bitcoin in the years to come.. .. and surely even with a short timeline we are going to see a lot of this likely evolve and develop and surely will be good to have some personal stake in bitcoin too... 1% to 10% is prudent, even though there is going to be a decent amount of people who come to their own conclusions about levels that they consider to be prudent for their own situations as they judge them to be.

Good riddance.  You can fuck off as far as I am concerned, and I have a decent level of confidence that a lot of other readers of this thread can recognize that you have hardly provided any kind of value or contribution to this particular conversation, except maybe to the extent that your troll/shilling and non-substance has provided a kind of talking point spring board, but that indirect contribution was not even really by much of anything meaningful that you provided, including the fact that you failed and refused to even make any kind of substantive or meaningful investment recommendation like you were suggesting that you would be able to do.


You are pretty fucking close to an idiot when it came to your participation in this line of conversation and demonstrated by your various posts in this thread.


Who gives any ratt's asses about the supposed knowledge level that you might have in the real world or your supposed real world contributions.  Go earn your grammies, oscars and nobel prizes through those avenues, to the extent that you are prize worthy.  It does not matter in this thread or in this forum in terms of credit being giving in accordance with contributions by post.  Here in the interwebs, we cannot absorb your supposed real world status through osmosis.


O.k.  Well you chose to participate in this thread, too by posting herein.  That was your choice.  No one here twisted your arm in terms of your decision to make a few posts in this thread, and no one is either stopping you or forcing you to post in the future in this thread or otherwise.  If you think of something meaningful to post, then come back and post it.. otherwise, have fun in the altcoin ann threads or otherwise.


What is the apology for, exactly?  For posting here?  For deviating from your participation in those other threads?  I doubt that there is any real need to apologize, because if you have something that you can contribute to this thread or otherwise, then you should do that and it is completely your discretion whether to participate or how to participate in this thread or otherwise.  It would be nice if you used some of your supposed doctor brain power to reflect on what kinds of assertions that you were making regarding how you are suggesting that people invest their money (you were mostly suggesting not to invest in bitcoin, it seems), and if you are able to come back and back up your claims at some point including suggesting a beginning portfolio for the here and now, then some of us here might be able to compare and contrast your recommendations to the recommendations made by OP or whatever other investment related points that you would like to make that are somewhat within the theme of this thread.

Whether Bitcoin is the best is a subjective opinion. It is certainly not the best investment for my 90-year old lady friend who doesn't own a computer. Bitcoin is a unique product, because it was the first, it managed to grow through a period of 51% attack vulnerability, and it is now at a stage where such an attack is not possible in my opinion. I can't see how any new coin can achieve this position now that the weakness is known widely.

@micgoossens you are not probably alone  when it comes to newbies entering the market. I guessed the major flaw that the industry have is to attract newbies that it is a money making machine that can instantly make a person rich, its true somehow but you won't be earning from it if you just jump right in on trading in an exchange or just trying to build your own mining rig. They just jump right it without any kind of strategy because they are blinded on the idea that they will earn right away, the end result is they probably end up losing their money because they lack preparation on entering the industry.

Damn, so i'm allowed to call myself a sorcerer :P


What is a good investment for that lady, should she still invest or better enjoy her older days??

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

I of-course do understand both of you, their is NO outspoken best investment thing etc

But still BTC is imo still in its baby shoes and have an amazing upward potential....

Nonetheless always be careful with investing without doing any research as been said before....

Indeed greed and the thinking of being rich tomorrow cause of BTC is blinding people very often, even some newer guys that I know and bought BTC when it was rising from 7-8K-ish prices are telling now that they already understand BTC etc not gonna sell etc
But already seen this before, if people never been tested then its difficult to say if they truly understand the term "HODL", or "LONGterm perspective" etc

I also do think people need to have cold storage coins that will be in HODLsleep for very LONG time
and
I do think people must have coins for daily use and try to experiment in daily use cases.... try to buy stuff with BTC, use BTC for transactions etc

Just work with BTC when u can and get used with it....

Sure, there are quite a few people who call themselves sorcerers, and I think that they lose credibility, but you can call yourself a sorcerer if you want to be considered in that same kind of category... Some call them bulltards, and that is a real thing if you are placing too high of a certainty on events that have not yet happened.

You would even be more reasonable to be assigning ridiculously high probabilities, but whatever.. do what you like.



People who are elderly should be taking decently low positions in highly volatile assets.  How they should apportion their portfolio depends on a variety of factors, but most of the time, people in their 90s would be silly to investing in high risk or planning for long timelines that they might not be able to reach.


One of the most important research components remains researching into one's own personal details, including financial situation, cashflow, other investments, risk tolerance, view of the assets, timeline, and skills and time available to manage their portfolio.

Haha LoL, of-course I never did any sorcerer predictions  :) But I will remain with my strong believes in BTC and I think my investments into BTC are healthy compared with my day to day life etc  (that will be different for each person, and maybe difficult for some to find a good balance .....)

Of course, everyone has to find a good balance for themselves personally (or their team).   A phenomenon remains that even if some people, maybe even yours truly, might consider you to be too overly bullish in your word choices, the point of the matter is that you have really decent chances to be correct, even in your hyperbole, and at the same time, a good 50% of the world don't really know what bitcoin is, even if 70% or more may have heard of it, but still less than 1% have taken any kind of meaningful action to invest in BTC or to keep their investment in BTC in any kind of meaningful and/or significant way.. which can even be a minimal investment of 1%, and that amount of stake could become life changing.  

It seems that both you and I have invested for the upside possibility.  I had initially intended to invested around 10%, but then the market turned down for so long during 2015 that my dollar cost averaging even relatively small amounts caused my amount to go into the 13% to 14% territory, and I did not really feel any skin off my back for investing those kinds of quantities into bitcoin, and surely the magnitude of BTC's price appreciation that began in late 2015 brought the value of my whole investment way the fuck up and caused my BTC investment to dwarf the remainder of my various investments, even when at the same time in early 2017 when a decent amount of my BTC were hacked.  My remaining BTC investment still continued to flourish in value as compared with the remainder of my investments into other traditional assets.

Likely each of us, whether we have a team or not, has invested decent amounts of our investment capital for that upside possibility in bitcoin and such investment has been paying off quite a bit better than any other reasonable investment vehicle that was available to us as regular peeps (or teams) getting into such investing matters, which surely it is going to take a decent amount of time for a decent number of other normies to even take 1% to 10% stakes into bitcoin, which is surely their choice, and for not want of our willingness to share information about BTC.  Surely, we are doing our part in sharing information with people, so the information is available for anyone who looks into the matter.  

Surely, 1% to 10% investment into BTC might seem like low stakes to us, but also seems prudent and would end up to likely cause world changing circumstances for a decent number of the nocoiners and fence-sitters to actually get them started down the bitcoin road and to have some stake in the game, which has decent chances for being a path in which a lot of future world value gravitates, whether we root for the appreciation of bitcoin or not....

So likely you and I agree quite a bit, except for some of the semantics that we (or our team) are using in our discussion of bitcoin's present value or future value... so even if you go on speaking in absolutes or more in absolutes than me, perhaps the outcome will not be much difference between either of us in terms of both future richie and likely already richie status that we have already begun to realize through bitcoin at its current price performance arena.  

There are NOT too many traditional investments that are available to normies like us that go up 3.5x in 3 months and then continue to be bullish and looking like they could reasonably be at another 3x to perhaps 30x in the coming 2 years or less.  So in that regard, if anyone even has 1% to 10% of their investable capital in bitcoin, they are going to come out quite well.  Both you and I would be recommending towards the upper ends of those amounts and perhaps you would even recommend higher than those amounts, but concededly if the seemingly late to the party no coiners or fence sitters were to reluctantly put low amounts such as 1% into bitcoin, they would likely be thanking us later (maybe even in 2 years or less) for acting as less of dumbasses for having had not invested earlier or having had sat on the fence for such a time already.    :D :D :D :D

I do agree and I know we both are strong believers of BTC as a useful tool and with a big possible upward potential...

I didn't knew that you have been hacked..... Can you share some of that? How it happened? Always useful for beginners to prevent from happening.....

Form your stories, I thought you all already been rich, because you invested in Bitcoin so early, before 2015. Everyone has different chances, but taking chances or not, it will make different destinations. I just knew about Bitcoin recent months. I heard about Bitcoin when it hits it's ATH nearly $20,000, but hesitated to start to invest when Bitcoin dumped to below $3200. Now, I thought I eventually bravely enough to enter at price $9500 days ago. Hope that it will help me to exponentially increase my balance next 6 years.

I don't want to go into too many details, but the hack that I experienced was similar to the same kind of hack that quite a few bitcoiners have been experiencing related to transferring of sim port.  So if the hacker is able to get into one of your e-mail accounts and is able to port your sim to another phone (meaning your phone number), then they can reset passwords on a large number of accounts.  Of course, once they get into your accounts, then they can withdraw the bitcoin very quickly, and that withdrawal is non-reversible.   

Taking extra measures to secure your phone numbers, emails, and exchange accounts, including using various forms of two factor authentication can be helpful. 

These kinds of hackers tend to have a team, and they are likely able to do more and more and quickly access many accounts including if they get into your apple account to shut off some of your apple devices, and surely could be more problematic too, if you had backed up certain information in the cloud....

It can take a decently long time to build up wealth.. including having enough invested into bitcoin in order to make a difference

@JJG, pity you have had to experience that....and indeed people have to secure their accesses to there BTC very well.... First of all as much as possible on cold storage device etc and for other stuff strong PW's (use key pass tools), 2FA  and so on ....

Even good to use a computer only used for your crypto :)

 

I don't understand how stupid people can be. What do they expect when they invest in altcoins when they have an understanding of what they are doing. Then they call the coin shit. It is their own fault for pissing their own money away. Clearly, their money has little value to them or they would have held on to it for longer. As long as stupid people keep buying and doing bounty for terrible projects and altcoins the longer they will be around.
The feeding scams nice and fat and then doing it some more.

Then you get people who seem to be having their wallets hacked every second week? How??? For god sakes how?? It is easy to understand. You have a wallet and a key to the wallet. Like a key to a safe. IT is literally that easy. All you need to do is backup a small amount of numbers and make a few backups and keep them in your safe or other places as well. I say the more backups the better. DO people not think when they visit funny sites asking for weird permissions?? I understand when people who are careful might get hacked but some people are just plain thick.

People work so hard for their money then they lose it in seconds....

By now, my balance increased considerably with Bitcoin runs last few days, and I am very happy with the King's performance. Today I saw an article on history of Bitcoin halving, that is interesting. I will upload that image in the post next hours.
https://i.imgur.com/vwz5fbQ.png
Source of image: https://ihodl.com/infographics/2018-04-09/chart-day-bitcoin-reward-halving-and-price-history/

My friend Mr. Goose asked me to post here to help out beginners. Here is the comment he was interested in  https://bitcointalk.org/index.php?topic=178336.msg52175836#msg52175836

Newbs here is my simple advice. Invest in King Bitcoin and nothing else except your own skills and or education. Make sure your income can sustain your lifestyle so you never have need to sell your investments in till you are good and ready.

The time to diversify into stocks, bonds, land, etc will come, but for now King Bitcoin will be crushing them all in the coming years.

Shitcoins are to be shunned like an STD.

As a newbie, they should learn how to use Stop loss: One of the Best Weapons in Trading (https://bitcointalk.org/index.php?topic=5173189.0)
Before making buy orders, people always should identify prices at which they will take profits and cut-loss. After their buy orders filled, set cut-loss orders to control emotions, just in worse cases.

Again best advice stay away from the Altcoins, Focus on BTC or on saving those lives.... But Altcoins probably will destroy yours ....

Thank you for giving us this kind vision for us novices. So many problems at first Hatta understood everything We can say that this forum has become a reference or key to all things and knowledge related to Bitcoin and cryptocurrencies in general Because I was a designer I gained everything I needed about Bitcoin within months by reading the topics and discussing them with others. All beginners can earn whatever knowledge they want in a short loft if they are determined to do so

I had read Lambie's post earlier, and I had not responded to it because I consider some of what he says to be over the top, in some ways.

Personally, I don't mind a newbie strategy that might begin investing by focusing on one investment and then later branching out as the investment matures.

In other words, I don't believe that it is good to keep your eggs in one basket, and so Lambie's assertion that he only owns bitcoin and has no other assets, seems a bit extreme to me.

Don't get me wrong, I think that diversification should be attempted in other asset classes, but I don't really that diversification is necessary in crypto.. meaning that almost every single other crypto is already hinged upon the performance of bitcoin, so diversification into other cryptos is not likely necessary, but diversification into other asset classes could be a prudent move, once you build a bit of a decent stake into bitcoin... whether that is 10% of your net worth or some other number that you believe to be reasonable.  Again, some people will take fairly aggressive strategies towards bitcoin, and it seems to me that 70% or higher is way too fucking high... but of course, that is a personal choice regarding how much you believe that gambling is a prudent strategy.

On the other hand, if you invest 10% or 20% or 30% of your investment funds into bitcoin, but those funds become 70% or 90% in bitcoin due to BTC appreciation, then I don't feel so compelled that any kind of reallocation back down to your original amounts is actually necessary, so long as the rest of your bases of diversification is covered.

Regarding Lambie's other assertion regarding making sure that you have your expenses covered for a decent number of months (including a decently-sized enough emergency fund), I think that remains important, especially in bitcoin when bear markets might drag on for a few years before you are really able to see a profit, depending on when you begin to invest and the uncertainties of the actual price movement.  So the higher that your investment into bitcoin, in terms of percentage that you decide to allocate to it, then likely the longer your time horizon needs to cover for your regular expected expenses plus emergency fund.  The reason for maintaining such a fund is that you really don't want to be having to dip into your BTC fund at a time that is not convenient for you including BTC price tanking (which sometimes happens), and the best time to dip into your BTC fund would be when it has appreciated considerably... but having the expenses covered and the  emergency fund is to be able to get you through the worst of BTC price performance periods without you having to desperately dip into your BTC funds... at a time when you should be buying BTC rather than selling BTC.

I don't completely feel the same way, I can understand that when you believe and did ton's of research you prefer to have your wealth in Bitcoin and no where else.... for me I believe it isn't to bad to have some property or land etc together with BTC and some spare cash or cash flow to cover bearmarket times.... but I wouldn't say its to aggressive if you are very aware of the bearmarket periods and risks, so if there is some cash flow or spare cash to live from, then I wouldn't think its the worst to be all in on BTC

As newbie they shouldn't be trading, probably they never should :)

Respect to btc that you HODL and keep stacking them by buying :P

I have a valuable lesson for beginners in crypto, that I unfortunately learned it myself from my losses.

In 2017, when crypto market exploded, especially altcoins, I traded profitable with altcoins, and with margin tradings, of course.
But the lesson is in uptrend market, your can get terrible losses if you do margin tradings, and you don't have enough skills and eperience to manage your orders. Don't cut-loss at the right time, don't set cut-loss orders.

As a result of my bad margin orders, I lost my fund along the way. Not only lost my profits, but also my capital too.

In a word, I would like to advice crypto newbies: "Don't use margin tradings, if you don't have enough skills and experience * in crypto market"

* Enough exprerience means at least two or three years in crypto market.

You can ignore that lesson, but you will learn your own lesson if you ignore it.

How to use cut-loss orders, please read: One of the Best Weapons in Trading (https://bitcointalk.org/index.php?topic=5173189.0)

The main point of many that you are trying to introduce crypto is that you need to be some kind of IT guy to know how to deal with crypto. You proved and i am trying to prove others and introduce crypto as easy as it is possible. There is no need you know everything. The only important thing is not to get in rush and catch yourself into FOMO effect.

Crypto sphere is in early stage still so enter now even if there is another 50% drop it will fade away and you will sure not notice that drop in a few years.

I love that many serious crypto project out there are also doing some video presentation of crypto basics. Crypto seems to me like internet at early stage or online banking/online shopping  in a way. Majority was afraid of using it just few years ago and now it is spread world wide and i believe 70 of those that has access using both online banking and online shopping.

I believe crypto will develop same way.

^
You absolutely don’t need to be an IT guy..... its always easy to have Some computer skills or knowledge (which I didn’t ..... absolutely didn’t had.... people can vouch for that i’m sure of)

The main point is to understand the fundamentals of BTC and what its for in the world we are living in.....

Understand this and just be able to buy and hold Will already get you on the main road of the BTC story.

Further I would suggest to buy Some BTC with a use to experiment in the real world by using it to pay for things and usecasses etc

The most important is the first step of knowledge and understand why you are buying and believing in BTC, the rest Will follow true learning cause I bet when you get the virus.... you can’t stop learning more and more

https://bitcointalk.org/index.php?topic=5160304.msg52609289#msg52609289
^
Q3 has finished, the winner been rewarded on to the next one ....


https://bitcointalk.org/index.php?topic=5188987.msg52609651#msg52609651
^
Q4= life for those who wanna join (please read the OP)


Congrats to the winner in here as well :D

Bump...

A read from once a beginner as well and atm a eeeeuhm still beginner but with very wide and good perspective and long term HODL intentions

Thank you for the bump to lift your thread out of mud. I received my very first merit here (https://bitcointalk.org/index.php?topic=5166448.msg52049280#msg52049280) and there (https://bitcointalk.org/index.php?topic=5166448.msg52077814#msg52077814). Around one year and I have made some contributions that are reflected on my rank and my total merit.

We all come to the realization of cryptocurrency by a means, yours was your guy, others might be through some other guy or maybe a broadcast or some form of advert to get your first contact but how far you go always depends on you. The Bitcoin forum is that which surely welcomes all without any form of discrimination and once your in the community, every user is ready to see you scale through. That's an added advantage for every user in the forum.
Being at the bottom of the food chain like a newbie doesn't could be so disturbing but then, it tells your start point and if you are a cryptocurrency enthusiast, it sets your base right.