Shitcoins haven't turned into gold just yet. Maybe we should hang on a bit and see if they gain some value during the next real bull run. But seriously, who's still holding onto shitcoins? The days of ICOs and ETH tokens was long gone, and shitcoins have lost their value, mainly good for shady 'investments.'
Just like OP, you're pretty much just placing the "shitcoin" eggs in one single massive bucket. Just like back then, you can still make massive amounts of money through shitcoins — you just need to know how to pick the right ones. Also — if you think no one holds shitcoins these days, then you should probably check the data lmao. |
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Most people are simply not fit for using leverage, or even trading in general. Overall in my entire time in the crypto space, I made most of my money just trading altcoins using spot. Leverage always managed to mess me over due to those sharp wicks, despite me being directionally correct.
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Instagram is a paradise for photos to show their wealth, happiness and yes, scams.
True Bitcoin users care about privacy and anonymity so Instagram will not be their favorite platform to discuss about Bitcoin. Who need Instagram to show a face and expose their identity to the crowd?
Twitter is better than Instagram or Facebook for cryptocurrency communities but I know scammers are abundant on Twitter too.
For technical discussions, developments and helps, they can get it on Bitcointalk.
True. But what are they going to post on Instagram about wealth+bitcoin anyway? A picture of their hardware wallet? A screenshot of their wallet app balance? It doesn't make much sense. The only photo I could think of that someone might post are photos in a Bitcoin conference/meetup, and that's pretty much it. |
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Ehh whatever. It doesn't really make much sense to have Bitcoin discussion on Instagram — an image photo sharing platform. If I were to guess most of the Bitcoin-related posts there are scams anyway.
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Neither, I think. We had so much hype and so much increase in a short period of time that I think we'll just calm down a bit and go sideways around the $33k to $35k price range. I don't think there's be much sellers due to the anticipation of both the ETF and the halving.
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Here is the thing: If you sell your shitcoins now, you can still get a good price for them and buy bitcoin right now, while it's still cheap. Then later bitcoin goes to 1 million and it will have been worth to sell of the shitcoins right now.
It won't take long for people to catch on...
The funny thing is you're squeezing "shitcoins" in one single category, which contains like thousands of tokens. Thinking that every single one of them will be outperformed by bitcoin is just pure ignorance no matter how dominant bitcoin is. But yea — thanks, but I know what I'm doing. |
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Now that's some conspiracy theory LMAO. I'll have whatever you're smoking, please. Bitcoin is not the real threat. It is actually all the other new cryptocurrencies which are much much much more advanced than Bitcoin.
Bitcoin is old and obsolete compared to the new stuff.
No offense, but you'd have to be absolutely illiterate to believe this — and I'm saying this as a person who holds a ton of altcoins. Bitcoin and other cryptocurrencies are simply in very different categories. |
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First instance (before 2014?): I was trying to find ways to earn money online (lol) and stumbled upon bitcoin mining. Didn't make crap mining on my crappy laptop so just quitted immediately.
Second instance: The Bitfinex hack was all over Reddit, so I finally took a deep dive on what this Bitcoin thing is; and the rest is history!
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Not sure why some people are calling it dead already.
1. While he's a core dev, he's definitely not the only dev
2. Lightning has never been perfect. But while it technically works, it's simply not ready yet. There's a reason why I never recommended it to normies yet as of yet. But, let's not forget that —
3. Software can be improved
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Jim Cramer's job was to put out a show in the first place; not sure why anyone would take his words seriously — despite him actually being decently capable of investing(from what I've heard); or why anyone would take investment advice from a freakin TV show.
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The world is still deciding what Bitcoin does as well as how is should be classified, after it's inception twelve years ago . Practically, Bitcoin isn't isolated from the traditional banking system because its price is supported by USD bank liquidity making its trade as a speculative asset rather than a currency.
Bitcoin is global. Not because it's mainly paired with the USD doesn't automatically mean it's totally reliant with the US banks. Heck, even other currencies' trading pairs are mainly with the USD, and it doesn't make them not-currencies. Satoshi Natamoto envisioned Bitcoin as an alternative to traditional fiat currencies. If Bitcoin had been trading on its core value proposition - the ability to be your own bank - then Bitcoin would have rallied with rising bank uncertainty
The thing is, you don't expect everyone to be convinced this easily for such a big paradigm shift. Everyone is simply too used to trusting banks and centralized entities in general. Bitcoin being decentralized is just not much of an easy concept to grasp. |
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Whoever Satoshi actually is — if I'd like anyone to be Satoshi, it would most probably be this guy. Haven't really done a deep dive on Hal(because I find it a bit unnecessary), but I don't think i've read anything negative about him. He just sounds like an optimistic tech person.
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There's a reason why I don't even recommend the likes of multisig and Bitcoin Core to the typical layman. I always recommend Ledger/Trezor + Electrum, and a written down recovery phrase. That's the best balance between simplicity and security in my opinion.
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Assuming this post is actually serious: if your strategy to profit is to spread FUD, then you're going to have a bad time.
Hot tip: Just hold bitcoin for a long enough time, and chances are, you'll end up in profit anyway.
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By just merely conversing in this forum is good enough of a contribution in itself.
If you see some people here that thinks that they're some hot stuff that's above most people here, then just leave them be. Don't waste your time trying to complicate/overanalyze unnecessary stuff. There's simply better things to do in life lol.
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Developing the discipline to follow the DCA as it is supposed to be can pose a very challenging task. Even calculating what percentage of your income to put into the DCA that will not affect your personal needs so much, can also be another obstacle. So even when the DCA method seems so easy, it requires some technicalities that may require serious mental input. In other words, the DCA method is very easy to understand in theory but may require some level of discipline to execute.
To be fair, investing in itself requires some level of discipline to be able to come out a 'winner'. It's just the fact that dollar-cost averaging is far easier to take in for your average person compared to lump sum investing — which can be far more mentally taxing when deployed in a less-preferred moment. |
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As far as I know — in most cases, lump sum is the way to go assuming you can really just hold and not sell and attempt to buy lower. The sole reason why DCA is heavily recommended is because it makes the 'investor' less susceptible to huge (temporary) drawdowns. Some investors that are down a huge chunk tend to sell their stack to hopefully "buy back lower".
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