I think this is the main reason why many people get distracted and into shitcoins in the process of looking for an alternative that they think that would be a good investment like bitcoin but the lesson they would learn later is that no alternative could out perform bitcoin and there is no other choice than to claim a stake in bitcoin no matter how small the start may be, and what is worse is that investing in shitcoins can be a very long and overwhelming process especially when they are decived with the idea that they are looking for an alternative to bitcoin they could search and search and end up involving in too many shit project and may even  develop high gambling tendencies especially when they make some profits out of holding some shit coins and when or if they ever realise that bitcoin is a better investment and worth holding more than any other alternative they may not be able to invest wholly in bitcoin to rather replenish lost times but might also approach bitcoin with those short term mindset of making 100x gains from bitcoin as tho its a ponzi scheme and wanting to get this results in such short time and would not be able to stay in bitcoin long enough to build a good portfolio.

Even advising that those that can't well control themselves should allocate 10% can get them in trouble cause I know first hand how that shit can go from searching or trying to pick the beat shitcoin to trade or gamble with along side bitcoin they could end up over allocating much time to it failing to grow in knowledge concerning bitcoin investment or over allocate to gambling with shitcoins and slow their accumulate stage of buying bitcoin,I think it's best they leave all trace to shitcoins at least for the beginning stage and focus wholly on bitcoin while they grow their stash, then maybe after a few years of accumulation they can now gamble if they wish, but very few persons would agree to this especially if they are quite far gone into believing and earning some profits from shitcoins.

Many persons feel bitcoin is too far gone and they fail to realise that bitcoin is still an early asset and it not even up to 20 decades or as old as a other asset like properties,  gold , stock and bonds but it has quite proven to be a good asset even this early, Its possible to say bitcoin has not reached its prime and still has a lot of good potential.

I was juts scrolling through Binance new and I saw an airdrop from Pepe coin worth over 1 million dollar and I clicked on it to see how I can participate in this amazing airdrop as I read through i saw that this airdrop to participate in it I needed to send them a tip and I was wondering if Binance now promotes scam or if this is ledgit, does anyone have experience with this or should i bail.

When I saw this topic I was happy to share my thought on the current FOMO of bitcoin holders I never knew you were quite general on this topic but I'll assume that it was bitcoin you were referring to by crypto.

Most people get into the shot too late or don't know when is the right time to buy, some are just waiting for others to buy first watching the price without making a move and would end up buying late and surely regret.

Like right now you woudl see a lot of persons talking about selling and making topics on selling strategies when we are not even sure that bitcoin has well reached its peak and what woudl be the reason for selling now, I don't know cause you can buy back if the price soars even higher, many people that fall into this category are weak hands, just wanna sell least the price dumps on them. Weak hands.

And that's why they always get left out and learn the hard lesson of never be the last man in, there often bug very close to the highest point and have to suffer the long wait till the next bulk run and who knows when.

I do agree with your speculation but I'm expecting it to peak right about march next year with no special reasons in particular or I'll like to keep to myself since I don't have any real facts to back it up, but we should also keep heads up for consolidations soon and it could go a bit more than 10% maybe before the halving or after, but I have my bets on before.

Seriously, like I actually had to make it bold, I never expected to see a comment like this, How do you mean they won't be much benefits from investing, I thought the best time to invest is actually the bear cause you get to bug at more cheaper amount and how woudl you get 2x or 4x on your investment if your not buying low, but whatever your so wrong bitcoin is doing well and have given a lot of people double yo triple their investment and that's good profits and from the looks of it we are not over yet, although I'm speculating a consolidation soon, maybe back to 59k or maybe around that range before the halving or after, I just felt bitcojns need a little rest before continuing the journey.


High gas fees shouldn't affect anyone that really wants to invest or hold all you have to do is buy bitcoin in your exchange and accumulate until its up to 100$ and above then move at once to your storage wallet ghats if YOUR DCAing but if your a regular lumpsum or dip buyer then that shouldn't be a problem either unless your buying such a small amount of bitcoin.

All I see is FOMO, you would see so many persons acting as tho they can really hold and now after making profits they want to sell, just to start the process of buying again.


I don't even advice selling at all, bitcoin is an asset and not just some profit maker and right now you can see the pace the big companies are using to buy bitcoin and you well know they are for the hold and also would live to influence price, we retail investors should stop out selling g habits now more than ever, and no one knows If this cycle would happen like the rest, the way I see it we might well start having bull and bear occasional and the days of long bear or very long bull would soon be over, I think it would be more like a consolidation movement where price would drop like 30% and Jack back again, but who knows I might also be wrong.

That's what you think, now let me tell you a little about what control is all about, Blackrock doesn't need to own the blockchain or claim bitcoin to their name or even have the power to change the way bitcoin has been operating but all they need to do is have enough power to influence the market,  price and if they ever get to own enough bitcoin they could well start controlling supply and demand of bitcoin and as we know it or decided to turn a blind eye on it that is their aim and don't think big players come in to be benefactors they come in to have power in the game and soon that power would forever leave the hands of retail investors to their hands or rather It has already left long ago, remember when Grayscale literally caused a dip by selling massively didn't that give you an idea of what they can do owning such percentage of bitcoin. From this moment on we should have in mind that bitcoin can be manipulated, and don't think Blackrock just had interest in bitcoin without having some motive of their own, think again.


Like someone who actually gets this, very soon it would big players vs retail investors and I Don think we have that power to play that game, they could cause a dip that can shake everyone's hands and raise the price up so high, just by manipulating the supply and demand of bitcoin besides that have the quantity to do so.

The only way I see that this might not happen is if they are afraid to lose their holdings to other big players that would be more than ready to by what they have sold. That way we could have quite the balance but this would only work when they are two companies have equal shares of bitcoin or almost same amount.

In bitcoin long history you woudl always find that person or persons that always try to speculate shot about bitcoin telling us what would happen and what woudl not, besides it's just speculation even a 12 year 9ld can come online write an article about how he feels that bitcoin woudl drop to 1$ and blah blah blah, I feel jo Morgan is wrong or might not be wrong who knows, but it's better I make decisions based on facts and not someone saying shit, everyone was sure that the bullrun had started right after the ETF was approved and big companies started buying off most of the current supply if bitcoin and this caused the pump, so I can say that unless something strong enough to counter this cation or they decide to start selling then I want ever jp Morgan is saying is just some opinion that has no backbone to it, anyway we can't know what to expect so it's better to stay smart and prepared for anything but really I'm not bothered never had any plans of selling this bullrun, wanna practice some diamond hands  .


Sure it would be overly optimistic not to expect a correction at least before we continue the bull journey and I bet a lot of weak hands would be selling during the correct just what they wanted, what i see here is a plot to take bitcoin off retail investors and in full control by the big players, else what is the reason buying so much off the current supply and as it Is if a bear or correction where to happen it should triggered by a massive selling like when Grayscale was selling massive to delay the bull or cause a little dip, let's just see what happens as it is I'm just a spectator of whatever happens next.

When I first saw this thread I actually thought it was a joke even when I saw the email of satoshi saying that 100 pushups daily would take bitcoin to 100k, I though It was all a joke but I decided to join in the challenge, I thought to myself I would be building my body anyway and I first saw this thread as a place of motivation to get my self to work out, but after a while bitcoin had hit 60k and first crossed the last ATH  I was like so it's actually working, so i decided to put more effort and be a little more consistent in my push ups and finally we are well above the last ATH and in at a new one.

On ethics I now believe that no matter how foolish it may sound but we are actually participating in bringing bitcoin to 100k and who knows if we continue we could even exceed it, so I think by now nobody need to be motivated by anyone again as in the beginning when we started, we are now sure that it's working and we need to continue.

Can't wait to write another post when we hit 80k 

I get your point but putting strategies I place and finding out the best plan or pattern that has helped us the most is not such a waste of time, the only problem here is that people tend to get stuck in this stage of trying to plan thigns out just because they are trying to do it perfectly.

I most cases I would say to start your investment journey should come first before trying to get all those plans right and moreover the DCA strategy doesn't involve any rocket science it's just buying and buying consistently, and this should help newbies get acquitted with the process and later on they can start building other strategies.

The issue with normal or average investors is that they don't want to go through the stress of doing research to get quality information about a project they would like to invest in or doesn't even know what to look out for when doing those research so they end up relying on crypto influencers who knows all the sweet things to say to spice thigns up and they woudl be in his words and invest in such and the others set of investors fall into the category of not wanting to accept responsibility the of making their own decision and would still rather follow the crowd.

It's not very right to assume that sending merit to a merit source is meant for them to notice you, yeah some can do it but not all, and have you noticed that old members on the forum with high rank up and merit up to 3k and above earn merit so frequently that even if you where to give them merit they won't notice you.

Some times it's out of appreciation than to get attention.


IMO I think it's quite balanced, everyone was given the privilege to also merit post that they like and feel it deserves merit both merit sources and non-merit sources alike, and I think merit is distributed based on individual preference, I might like a post not because it was helpful to me but because it was well constructed and I gave it merit based on that.

Your right about this but I think a better option would be to set a strict rule on the amount of gambling post we are allowed to make, therefore not entirely banding it which I see that it was not his intention to do from the start, if not he would have already done that, but instead he would achieve both reduction and also leave the gambling discussion Valid to post on.

It's so unreal to actually forget having 100 bitcoins, I bet anyone that bought so early should have sold off more than 3 years ago, there are actually very few persons still holding bitcoin that I vest at the very beginning or earlier.

What about your recovery seed phase ? I bet you must have been careless about it or didn't ever take bitcoin serious and now you are surely in regrets that is if your story is true.

Many people are attracted to the bull thinking its the best time to approach the market, it's mostly green and price are on the rise, and that is a wrong mentality cause its more difficult now to differentiate good projects from bad in the alt market. Many scam project are using this opportunity to dexive newbies with promises of huge returns.


As a newbie this are basic lessons that must be learnt, on how to avoid scam and security based lessons.

Newbies are so moved by gains that they feel crypto is the way to get such outrageous profits from little investment and this is the mentality that is getting them scammed.

Like I said it's better to invest in only 5 projects than aggressive investment in too many projects or if possible invest only in bitcoin cause its has lesser risk of crashing and would give returns if you hold for long.

I never said all altcoins are bad, and it just as tho you read the first line of the topic and decided to say what you felt like, you woudl be a big lier to claim that noone has ever been scammed before through one altcoin project or the other or haven't you been on X or Reddit platforms.

If you really read through the topic you would clearly see I adviced newbies to invest in only few altcoins rather than investing I every project that comes their way, and moreover it would reduce their chance of falling for scam since they have limited slot and would want to do more research to fill them in. Not all newbies can identify good altcoin project and even many if us that have been here long enough would still have issues finding those with good potential cause some projects with all the hype and visible attributes would end up not doing well even if they had no intention to scam anyone and an other looking shady with no real life utility or usage like a meme coin would just do much better, since uncertainty is a constant its better to have limited slots to invest in that to invest aggressively in all or every project that comes your way.

And this the problem with newbies they think there is any thing as sure analysis or 90% accuracy in trading, trading has its risk and any good trader would tell you this, you woudl have both good and bad days and even worse days.

Anyone promising you such accuracy is a scammer and you should avoid such persons, searching for such group would lead you to scam and you might end up losing more money than you think.


I don't think he is interested in trading himself but rather is looking for someone or group that would provide accurate analysis for him, which is such a bad idea, apart from scam possibilities there is no such thing as accurate analysis, when it comes to trading , I hardly goes as planned, so it's not very advisable taking analysis from anyone as you can lose much money if the trade goes wrong and don't go pointing fingers it's the choice you've made

Its always going to be a better option to invest in only bitcoin, finding good projects in the altcoin market is very hard and you would find so many with no utility and still claiming to have a better innovation than bitcoin, so many scammers are flooded there.

Investing in bitcoin is a far safer and more guaranteed option to give returns than even 10 altcoins put together, the only problem is that people hate the idea of having to hold for long and would rather settle for the quick money mindset and end up losing all their money to scam projects that promise huge returns.

The point is all about beign safe, at least having to pin down your choices to only five would give you a better chance at making better decisions than wanting to invest in all the projects or so many coins/projects that comes your way and this is for those that love investing in too many projects.

Last time I made a post about investing in only bitcoin, many users on the forum did not quite agree with me cause they maybe like altcoins, and although i don't invest in altcoin I can't write them all off, they are some good projects too and some that actually help the entire crypto space like Ethereum, so many development came from ETH.

I can't decide the best 5 coins to invest in, I won't take blame if anyone loses money due to such advice, or if investing in 5 as a minimum is best, the point is just to try to minimise the amount of alts you diversify into cause there there so many scam projects and most newbies can't well differentiate the bad from good ones neither can anyone do it perfectly, but if you accept this reality and set a limit on how many you would give attention to then you have a better chance at making good decisions.


I wasn't referring to top coins, but at least it's fact that they have more tendencies to last longer than other projects that Bearley have any utility, most top coins that dies happened as a result of scam or maybe fraud from insiders, you know that TERRA LUNA didn't just die because of the bear season, it has survived many bear season before that one, from what I read online it was as a result of scam from the ceo of the project.

I think it's better to work with a big project that is trusted than a new project that you have very little idea about, anything can happen when investing and we are well aware of the risk so I think a better risk management would be to work with well known projects than new ones unless you have the skill to identify the good projects.

Now a question to you

What would you advice that is better, old projects that have lasted a while or new projects, and bases on risk which should be a better option?

Yes it's another bull run and everyone that invested in a scam project or lost money in the last bull run are already filled with FOMO and shouting to the moon for new projects they have no knowledge about, many Influencers are out again promoting new projects and promising huge returns and you can see a lot of persons in the Comment section following and wants to invest.

Don't let the green you see everywhere confuse you to forget the basis of investment, do your own research and don't follow the crowd that has no knowledge in what they are doing, don't let greed push you into looking for outrageous profits like 100x on new projects and you end up losing your money to scammers.

Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

Lastly invest what you can afford to lose, or rather stake what you can afford to lose cause I know no matter the advice many read they woudl still invest in shit coins so stake what you can afford to lose.