Why would we (royal we, perhaps?) want to be putting positive spins on various shitcoins especially in these here parts? Seems like a mostly irrelevant area (surely slippery-slope prone) to be getting into.
I'm not putting any spins on anything, just stating what would have happened based on the facts.
If you are bringing up positive facts/logic and failing and refusing to denigrate altcoins (aka shitcoins) at every other sentence, then you are putting a spin on shitcoins that they do not deserve, even if you believe that you are being neutral .. whatever that means..
I also did not invest or put in any into ETH back then.
Ok... fair enough
I don't do so now, even if I am aware there will be positive price moves. So I'm not putting any more money into any shitcoins.
Well that's good. Hopefully, you have learned from your earlier shitcoin dabbling that unreasonably went beyond dabbling.
I understand completely that you are a BTC maxi of pure blood with zero altcoin diversification,
How would you know that? You are going based on my signature? I have some shitcoins, and I probably have had some shitcoins since the beginning of my Bitcoin journey in late 2013.
We should already know that this place (ie thread) is not where we talk about shitcoins, unless we plan to denigrate them quite frequently in the process if we happen to mention them.
and that's not an issue with me.
So, you believe that there is some value to "diversify" into shitcoins beyond token amounts? I am not sure if it is a good idea to even ask you about what levels of diversification you believe to be prudent, and let's just say historically, you had limited your divergence into shitcoins to less than 10% of your total "crypto" portfolio, meaning that 90% was in bitcoin, then would you have been better off today than your earlier meanderings into shitcoins?
By the way, for the vast majority of my time in bitcoin, I have not had too many periods that the value of my shitcoins had gone above 1% or 2% of the total value of my crypto (meaning bitcoin plus the various shitcoins). Some of my "diversification" came from a kind of forced situation with the first bcash, and then I did separate out my bgold (I did a quickie research, and I believe that I separated it out in the 1st quarter of 2018), but I never did cash out those bgold.. so I still have whatever bgold that I had separated out.
Your "keeping an open" mind likely contributed to your getting royally fucked in the path, and so you seem to be unwilling or unable to learn any lessons, and for some reason you believe that investing in some piece of shit like Ethereum has any kind of meaningful long term viability - even though it is just smoke and mirror bullshit that has other smoke and mirror (including a large number of scams) building on top of it.
Nah, I got into trouble due to other mistakes I made unrelated to BTC or other shitcoins. I've only put in there what I consider to be disposable for the asymmetrical bet, and ended up joining a few swaps from coins to tokens and such.
Maybe my memory is failing me because I thought that you admitted to getting reckt pretty badly from shitcoins, and then I recall that you had some ongoing dabbling into shitcoins even after saying that you had gotten reckt.... In any event, I don't feel like looking it up, if it is look upable.
As for long term viability, I do not have a strong opinion other than that large institutions are getting into them, and they surely know more than us, unless you perceive yourself to be more knowledgeable than them billionaires and hedge fund peeps.
I am sure that I know more than some, but I never claimed to be the smartest person in the room ever.. And, there were some institutions dabbling in shitcoins, so they might have different agendas than me. I would not concede that if some institutions got involved in some shitcoins that they necessarily know more than me in terms of what is good for me to do... or where I should be putting my value. I don't fuck around with those various scams or invest merely based on others doing it, those are not solid of enough foundational reasons for me to invest into something.
I am also aware that, for example, Saylor and Saifedeen and pure BTC maxi's, and don't bother at all with anything else, and everything else is a shitcoin. So there's that (or them.)
There do seem to be more people who are beginning to understand that ONLY bitcoin has investable foundations, whether we are referring to Saylor, Saifedeen or other people. I am not sure if Maxi is a proper label, but if you are wanting to use the term maxi in a denigrating way to imply that some people are not thinking as much as you and other shitcoiners, then you are likely off base there.. and I doubt that we really need to battle those shitcoiner arguments here because it is a slippery slope, like I already mentioned a few times.
Well at least you recognize that there is some risk there, but surely, you are able to identify the few supposed gems, right?
I already did, but I am never here to shill any other altcoin or fork.
good.. because this does not seem to be the place for that.
I'm keeping those to myself, not because I am greedy or I think I know it, but it's something I got into a few years ago and they are giving me decent returns, which in turn I'm either cashing out constantly to fiat, or to BTC.
Good for you.
Oh gawd...
Now we are going to devolve into details of what makes a good shitcoin not to be shit?
No need if you don't want to.
It's not about what I want. It is not on topic here.
Can be none of your concern right?
Some people who participate in this thread regularly might be interested, but does not mean that we can bring it up here, except maybe you could provide a link to some other thread in which you are going over the topic or maybe invite members to some private channel or PMs or whatever. I rarely research into various shitcoins, but I do seem to get quite a bit of exposure to various shitcoins through my various bitcoin travails, even though I am quite usually NOT seeking any of that out. Every once in a while, I might look into some shitcoin matter more specifically if there happens to be something that grabs my attention.. It's a pretty rare event that I actually voluntarily research into some shitcoin related matter - but it is NOT something that I evade if there might be some need that I feel to look into some matter For example, about a year ago or so there was some shenanigans about the ethereum issuance and trying to identify how many ethereum exist, and I did a wee bit of looking into that.... just to confirm that the ongoing smokenings and mirrorenings in ethereum are live, well and likely never ending.
Let the shitcoiners be shitcoiners. Not an attitude I would do personally, but to each his own.
What's wrong with that? It's not like shitcoining is going to go away, so the shitcoiners can do that in other threads or whatever, we do not need that nonsense cluttering up our pure as the snow thread here, do we?
We have enough to deal with just in connection with bitcoin, and even though details of shitcoining going ons are being discussed in other places and in other threads, it is not like we do not end up having to account for some of those matters in this thread, and hopefully, we end up talking about those matters more conclusory rather than getting caught up in the weeds of such ongoing nonsense and distractions.. aka shitcoin talkenings.
Sure, a lot of shitcoiner get into troubles when they are starting to attempt to compare their shitty project to bitcoin.. and to say bitcoin "historically" did this, this and this, and therefore it is logical that shitcoin x, y or z, could do blah blah blah..
yeah right...
Surely, misplaced attempts at analogies.
Nah, it's just the way software development goes for those who look at the tech without the supposed value of them. There were plenty of distributed computing projects that used computing power with no monetary compensation, yet people joined and contributed, you know, prime numbers, seti@home, folding proteins, all that stuff.
Oh? So now you are suggesting that bitcoin never did provide anything major.. it is just an iteration on other projects that already existed.,. so no real BIG deal to get all excited about, right?
Why are so many of us so excited? There are plenty of other interesting projects out there that are almost the same as bitcoin, no?
That a particular coin or token decides to use a blockchain or fork off from bitcoin or fork off from a fork of something, and do something with it, without assigning any value to them (aka, no doing an ICO, not actively trying to get listed on centralized exchanges, letting it grow on it's own ..) well, it's the type of thing where you can just wait and see, and if you have any disposable money to gamble with, as opposed to playing dice or poker, throw it in there.
Yes.. have fun staying poor with that kind of thinking.
The tech behind bitcoin which was hashcash used pow to attempt to limit email spam. That did not really work because of the lack of adoption. But the tech is still the tech, and it's what is powering the proof of work behind bitcoin now.
the proof of work in bitcoin and the way that it is iterated is a BIG fucking deal including the almost perfect incentives that are provided in a variety of ways. So you can poo poo bitcoin's proof of work all that you like in order to show how much smarter you are but in the end, you are likely mostly showing that you just are failing/refusing to "get" what distinguishes bitcoin. Good luck with such ongoing struggles because it seems that after so much time as a forum member (nearly 2 years more than me), and you are still struggling to figure out how bitcoin is distinguishable.,. struggling and even seeming to battle with it. That will not likely play out too well on a longer time horizon, but hey maybe you will get lucky in some areas.,. I have my doubts, but whatever, you can play your cards however you believe is best for you and your circumstances.
So then the question might concern how any of us might be using such assessments. Are we trying to figure out our bitcoin allocation versus other assets or are we trying to use that to figure out whether to get into shitcoins and if so, to make assessments regarding how much?
That is entirely up to you. Again, I completely understand you, and a plenty of others would not waste any time looking at allocations. I would not either.
What I do have are some options that have been there since a few years ago.
I doubt that any of us are sharing all of the details of our finances, but like I said several times in the past there can be a lot of individual circumstances that are shared, but a few variables can end up considerably changing the way that any particular person chooses to allocate... so it is not exactly an objective formula that would determine how to allocate.
Let me repeat (since this is not a private message) that the individual factors that any person should be considering are: cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, and time, skills and abilities to plan, learn, strategize and tweak holdings from time to time which may result in reallocating and/or trading.
If you can think of what I am doing or did as analogous to mining shitcoins to get more BTC, then that might make sense to you. Some miners here mine altcoins, to end up acquiring more BTC.
Nothing wrong with that, even though it is not really a topic of this thread.
I have what I have and it's currently paying my rent (or part of it.) with no more being put into it than what I threw into it a few years ago. I think that's decent. Is it a shitcoin? Most likely, probably, by the definition that it is not bitcoin, then yes.
You are in the best place to decide your individual circumstances, but sometimes if you go into details about any of your individual circumstances on a public thread, then that may well result in feedback and assessments that differ, perhaps.
Otherwise, almost everyone I deal with knows me as a sorta BTC maxi as well. I tell everyone else to just do bitcoin too, no alts. They can research all they want, but I can't endorse them, even if I am making decent coin with them right now.
I cannot disagree with you here. Sure it is one thing to make determinations for yourself, but the ability that you might be able to make general or specific recommendations to someone else, then that may depend upon how much time that you are able to spend with them in terms of explaining intricacies or any matter. Even recommending bitcoin can have quite a few complications, even if you might direct some location for someone to get started.. if that is Swanbitcoin or somewhere else.
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