Stormisover
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March 04, 2025, 07:15:19 AM Merited by JayJuanGee (1) |
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[edited out]
The point is, stupid or smart, whatever viewpoint a person may have in shitcoining, they would STILL too hold those profits in Bitcoin. Because what kind of mental decay is a person having if he insists that he/she should HODL a shitcoin or, Oh My God, a stupid MEMECOIN of a dog with a hat shilled by the most mentally decayed people in the cryptocurrency community. Or they probably are not stupid. They probably sold they're memecoins at their ATH and left their "community" to HODL those worthless shitcoins.  I am not going to presume that shitcoiners are smart enough to put their value in bitcoin. Sure some shitcoiners figure out that they need to store most of their value in bitcoin, yet many of them fall into the camp of degenerate and/or misinformed gamblers, so they end up wrongly concluding that they are not going to end up richie unless they put enough value into whatever shitcoin of the day they happen to be chasing, so almost no matter what, they will end up overallocating to various kinds of shitcoins and shit projects, and potentially even consider that wherever they are holding their value is merely temporary and rotating and sure, they may well be correct that their intention was to move it in and then move it out, yet no one wants to sell at a loss so sometimes (or perhaps frequently) they get their value locked into various pieces of shit with ongoing dilemmas regarding when to get out or even whether to put more value into their already existing shitcoins when the price is going down rather than their anticipated UP. Getting lured into shitcoins tends to be a trap in which they suck more and more and more value out of the gullible ones who are investing into them, and so yeah, bitcoin is too boring for them, and they end up with pretty high odds of underperforming as compared to if they had just focused 90% or more of their time, energies and value on bitcoin... but they can't and they cannot control themselves, even if they might have been intending to limit their shitcoin involvement it devolves into greater and greater and greater value and ultimate losses prior to their potentially learning their lesson (and sure not all of them learn their lesson, they stay in the world of shitcoins, dumb, trading and/or gambling). Funny enough, a lot of people still think holding bitcoin is boring forgetting that bitcoin is king and has proven itself over time to be the hope of the common man in cryptocurrency. Over the time, I’ve come to realize that, lack of contentment is the major reason, a lot of people would want to dive into shitcoins because they want to see a *1000 on their capital in less than one day and boom, they get stocked without getting anything. I still wonder why someone would want to hold some shitcoins for very long without even researching the team behind the project and all of that and still expect a huge return on their investment, that’s insane if you ask me.Secondly, most persons see bitcoin as very expensive and impossible to invest in it because they already have a very wrong orientation and think you will have to buy a whole bitcoin to be able to hold which is wrong as the DCA method as proven over time to be the hope of the common man allowing us to buy and hold bitcoin in any size at anytime. In conclusion, most people who invest in shitcoin always have the intention of breezing and out with all the profits but gets trapped and confuse and most times have lots of regrets. So to avoid regrets let’s invest in bitcoin. My question to you is that, does making research even guarantee success in shitcoins? The answer is no but you sounded more like making research can make someone become successful in shitcoins and this can mislead newbies that are not knowledgeable enough to different things, dealing with shitcoins is not an investment because they don't have long term potential like Bitcoin, it is trading or gambling and not investment.
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Obari
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March 04, 2025, 08:11:41 AM |
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My question to you is that, does making research even guarantee success in shitcoins? The answer is no but you sounded more like making research can make someone become successful in shitcoins and this can mislead newbies that are not knowledgeable enough to different things, dealing with shitcoins is not an investment because they don't have long term potential like Bitcoin, it is trading or gambling and not investment.
How possibly will you get knowledgeable in the industry without proper research? I’m not advising anyone to invest in shitcoins but there have also been stories of people investing in them and fortunately they came out strong and one thing that might have contributed to that is a good and proper research. Nothing absolutely is guaranteed in the cryptocurrency market and that’s why it’s always preached to only invest what you can afford to lose but in as much as a proper research can’t guaranty you success in the industry, it keeps you very much informed of the market and helps in proper decision making.
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EarnOnVictor
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March 04, 2025, 08:43:07 AM Merited by JayJuanGee (1) |
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Buying Bitcoin aggressively with the fund set aside for basic is one of the step for every Bitcoiner to sell at lost price no matter the good intention s/he has and no matter how people make wrong decision with their Bitcoin investment we can only make them understand the fact about how to accumulate Bitcoin profitably because even if you're Satoshi and you provide them the right guide they will still end up following their path.
Your response is a bit contradictory to me because how do buying bitcoin aggressively a step for bitcoiners to sell at lost. Anyways while i am still trying to grasp what you are saying, i can tell you that there is no such thing as bitcoiners selling at lost price while investing aggressively but i can put it in a clearer way for you. Buying aggressively can only depend on the size of your discretionary income such that you can chose to invest all without minding how big the amount is since it is still at the level of your discretion. It can also depend on how big your income is and how little your expenditures are that will tell if you will have enough discretionary amount to invest aggressively. Possibly you might have omitted where he said buying bitcoin with money set aside for basic needs. The key words there is ( Basic needs). I think this is why you were confused with what @Suzanne5223 was trying to say. When reading a posts, it's better we are relaxed. We should not be in haste, or high with substances as this might make us not to read through the lines. Now that I have pointed out where you missed, hope you will go back to his post and see that he was actually on track with what he saying. If anyone could say they are using the money earmarked for their basic needs for Bitcoin investment, then the person "may not" be planning well, Bitcoin should not be invested in a way that will affect your good living and that of your family. I quoted the "may not" because some people could sacrifice to invest in Bitcoin too, this is why I do not like to be too rigid in contexts like this. We've seen people sharing good and motivational stories on how they endured hardship just to invest and their stories turned to glory. For instance, some people might need $1,000 for the monthly basic needs that will make them very comfortable for the week, but for the sake of investing in Bitcoin, they might cut it to, let's say $500 and invest $550. Is that money not coming from their basic needs? And didn't they invest at the same time? All these things have explanations, it all depends on how far you can go to endure committing money to your Bitcoin investment for a better future and financial security.
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Princess Leah
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March 04, 2025, 09:15:29 AM Merited by JayJuanGee (1) |
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I disagree with you, investing is not easy and if it was or if it is almost/everybody would have ventured into it, investing is not easy because one have to think through the advantage and disadvantage of it before one can venture into it and some people in the process of thinking they lose interest because they might think out some scenarios that may be difficult for they scale through because anything about investment, there is always a risk so is not easy and sustaining and investment for a long term is not easy too even though you know the strategy because there are stage one will reach, one will be so confused though sustaining an investment will be or. An be easy if you have the necessary things such as your discretionary, emergency fund and back up fund and most importantly you need to be discipline, determined and know how to manage your investment and sometimes even with all these some people still find out hard to sustain there investment you why? Because they are not disciplined and determined.
Bitcoin investment is very easy because in the case of Bitcoin investment, you do not need to know much about it. Because if you look at the history of Bitcoin from the beginning to the present, I hope there is nothing left to understand. Bitcoin has proven from the beginning to the present that Bitcoin is one of the crypto currencies. In the case of Bitcoin investment, you only need to know some information so that you can start investing, such as: what is Bitcoin, how to invest in Bitcoin, investment time limit, etc. You have to trust Bitcoin. I see you're new to this space and even to the thread so I understand your difficulty in knowing how to quote or reply to people's post or maybe you forgot to do that, anyways just take precautions so you won't keep repeating similar errors or you can just learn to do it, you're welcome here anyways just take your time to learn and contribute in anyways you can. Anyways I think you have some point,Bitcoin investment is not something that's very difficult, I know some people do think it's for the rich and wealthy people but they're wrong cause it's for everybody since it gives everyone the opportunity to invest using the DCA and with any amount of their choice, however it's also someone that's not very patient to buy and hold Bitcoin for long-term, someone that wants to make quick money that thinks Bitcoin investment is quite difficult. The major thing that makes people shy away from investing in Bitcoin is patience, they can't wait for so long and would rather involve themselves with stuffs that gives quick money, but it's better to invest wait and profit more in future than invest, rush to take profits and miss out on being richer in the future, those who's invested for a longer period like about 5, 6 years and more can testify to that.
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Gallar
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March 04, 2025, 10:17:39 AM |
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Buying Bitcoin aggressively with the fund set aside for basic is one of the step for every Bitcoiner to sell at lost price no matter the good intention s/he has and no matter how people make wrong decision with their Bitcoin investment we can only make them understand the fact about how to accumulate Bitcoin profitably because even if you're Satoshi and you provide them the right guide they will still end up following their path.
Your response is a bit contradictory to me because how do buying bitcoin aggressively a step for bitcoiners to sell at lost. Anyways while i am still trying to grasp what you are saying, i can tell you that there is no such thing as bitcoiners selling at lost price while investing aggressively but i can put it in a clearer way for you. Buying aggressively can only depend on the size of your discretionary income such that you can chose to invest all without minding how big the amount is since it is still at the level of your discretion. It can also depend on how big your income is and how little your expenditures are that will tell if you will have enough discretionary amount to invest aggressively. Possibly you might have omitted where he said buying bitcoin with money set aside for basic needs. The key words there is ( Basic needs). I think this is why you were confused with what @Suzanne5223 was trying to say. When reading a posts, it's better we are relaxed. We should not be in haste, or high with substances as this might make us not to read through the lines. Now that I have pointed out where you missed, hope you will go back to his post and see that he was actually on track with what he saying. You can be aggressive as you like when comes to bitcoin purchases Aslong you have enough discretionary income to back things up , because going with money that you gonna need , like for basic needs is not a smart one at all because it will only give you more reasons to sell early and most time selling early may = to losses , there are some folks that sold their bitcoin when the prices drop to the range of $78k recently because of some certain expenses they wanna take care of and this is where emergency funds are needed because with it you be able to hold your bitcoin as long as you can, even when there might be some expenses you be able to handle them without tampering with your bitcoin investment. Honestly speaking a friend of mine also was a victim of this to by selling his BITCOIN when he was in need for money that why i careful study my account balance before i buy any BITCOIN so that it may not affect that newbies are always advisa when investing alway use what you can afford to lost It is important we buy bitcoin from our discretionary income not from money we will be needing soon so that will we not sell out our bitcoin when we weren't supposed to sell, investing with money for family upkeep is very wrong because what we are making is long time investment, your friend wasn't investing with his discretionary income he never got the right information how bitcoin investment is it be could be that he believes that bitcoin investment is a get Richer quick investment just as ponzi, so trying to study your account balance before purchasing bitcoin shows that you are investing with your discretionary but money kept for family upkeep and it is wrong it's just like gambling/trading. The answer to this long discussion is clear that when investing in bitcoin, the first thing to prepare is knowledge and discretionary income. Because with these two aspects we can immediately dive into bitcoin. So in essence, if we want to be safe when investing in bitcoin, don't follow our desires. Because basically what causes someone to invest in bitcoin using hot money is definitely because the person cannot control their desires well. Maybe the person is motivated because they see other people being successful from bitcoin investment results, so they dare to buy bitcoin without thinking twice and using hot money. Now that is what is dangerous, so in this case, it is very important for all of us to be able to control our desires well, especially when we are going to enter the investment realm. Because if we cannot control our emotions well, how can we control our finances well. That is why I emphasize how important it is for us to control our emotions. Because there are already many stories about people who cannot control their desires and end up getting caught in losses.
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Futurexxx
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March 04, 2025, 10:27:31 AM |
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My question to you is that, does making research even guarantee success in shitcoins? The answer is no but you sounded more like making research can make someone become successful in shitcoins and this can mislead newbies that are not knowledgeable enough to different things, dealing with shitcoins is not an investment because they don't have long term potential like Bitcoin, it is trading or gambling and not investment.
How possibly will you get knowledgeable in the industry without proper research? I’m not advising anyone to invest in shitcoins but there have also been stories of people investing in them and fortunately they came out strong and one thing that might have contributed to that is a good and proper research. Nothing absolutely is guaranteed in the cryptocurrency market and that’s why it’s always preached to only invest what you can afford to lose but in as much as a proper research can’t guaranty you success in the industry, it keeps you very much informed of the market and helps in proper decision making. No knowledge is a waste, because In this life that we find ourselves, knowledge is very important and a major player that define how successful we might be in what ever we engage in, because even though someone is doing it for you for free, their will be a time when he or she will not be around, it will be left for you to decide or make key decisions, so it's your level of knowledge then that will determine wether you are going to succeed or not, so doing your own research is very important in this life even away from this industry. So in as much as we are investing in Bitcoin and increasing our stash weekly, we shouldn't forget to be doing more research on attaining more knowledge in this crypto industry because no knowledge is a waste, you might need it someday when you least expected, and sometimes it might be pataining to security which is going to be a life saver mostly against scammers. So attaining more knowledge is what we should not stop going for, even if we get to the top, because what we don't know as individual is way more bigger than what we know already.
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Stormisover
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March 04, 2025, 01:24:22 PM Merited by JayJuanGee (1) |
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My question to you is that, does making research even guarantee success in shitcoins? The answer is no but you sounded more like making research can make someone become successful in shitcoins and this can mislead newbies that are not knowledgeable enough to different things, dealing with shitcoins is not an investment because they don't have long term potential like Bitcoin, it is trading or gambling and not investment.
How possibly will you get knowledgeable in the industry without proper research? I’m not advising anyone to invest in shitcoins but there have also been stories of people investing in them and fortunately they came out strong and one thing that might have contributed to that is a good and proper research. Nothing absolutely is guaranteed in the cryptocurrency market and that’s why it’s always preached to only invest what you can afford to lose but in as much as a proper research can’t guaranty you success in the industry, it keeps you very much informed of the market and helps in proper decision making. The issues about this proper research is another advantage every newbies gets from investing in Bitcoin right away with the getting just the basic knowledge to get started and learn more along the line, in my observations this thread talks more about Bitcoin with much freedom of having the basic knowledge prior to getting started other than attempting to make such proper research, and you talking about making proper research in respect to shitcoins involvement which is not investing implies that some shitcoins should be regarded as differently from others when they should allow be treated as the same, that someone got lucky with it even though they might not disclose their bad experiences doesn't mean the next person can get lucky, there are better thread and board where such discussions can be maximize, you said you are not encouraging anyone to get involved with shitcoins but you are indirectly, and you saying that nothing is guarantee in cryptocurrency market is another way of joining Bitcoin in the league with other coins, you can be specific next time because it is a Bitcoin discussion thread and not cryptocurrency.
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Umulala-alala
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ALIGE
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March 04, 2025, 01:30:25 PM |
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My question to you is that, does making research even guarantee success in shitcoins? The answer is no but you sounded more like making research can make someone become successful in shitcoins and this can mislead newbies that are not knowledgeable enough to different things, dealing with shitcoins is not an investment because they don't have long term potential like Bitcoin, it is trading or gambling and not investment.
How possibly will you get knowledgeable in the industry without proper research? I’m not advising anyone to invest in shitcoins but there have also been stories of people investing in them and fortunately they came out strong and one thing that might have contributed to that is a good and proper research. Nothing absolutely is guaranteed in the cryptocurrency market and that’s why it’s always preached to only invest what you can afford to lose but in as much as a proper research can’t guaranty you success in the industry, it keeps you very much informed of the market and helps in proper decision making. No knowledge is a waste, because In this life that we find ourselves, knowledge is very important and a major player that define how successful we might be in what ever we engage in, because even though someone is doing it for you for free, their will be a time when he or she will not be around, it will be left for you to decide or make key decisions, so it's your level of knowledge then that will determine wether you are going to succeed or not, so doing your own research is very important in this life even away from this industry. So in as much as we are investing in Bitcoin and increasing our stash weekly, we shouldn't forget to be doing more research on attaining more knowledge in this crypto industry because no knowledge is a waste, you might need it someday when you least expected, and sometimes it might be pataining to security which is going to be a life saver mostly against scammers. So attaining more knowledge is what we should not stop going for, even if we get to the top, because what we don't know as individual is way more bigger than what we know already. It is important to do researches to gain more knowledge because it through getting the right knowledge you will know that investing in shitcoin will be a waste of time and income so you won't go and invest into it. Bitcoin is the right coin to invest into and not shitcoin. You can also say shitcoins if you mean shitcoin or bitcoin if you mean bitcoin instead of crypto.
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Olatundespo
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March 04, 2025, 04:51:07 PM |
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Buying Bitcoin aggressively with the fund set aside for basic is one of the step for every Bitcoiner to sell at lost price no matter the good intention s/he has and no matter how people make wrong decision with their Bitcoin investment we can only make them understand the fact about how to accumulate Bitcoin profitably because even if you're Satoshi and you provide them the right guide they will still end up following their path.
Your response is a bit contradictory to me because how do buying bitcoin aggressively a step for bitcoiners to sell at lost. Anyways while i am still trying to grasp what you are saying, i can tell you that there is no such thing as bitcoiners selling at lost price while investing aggressively but i can put it in a clearer way for you. Buying aggressively can only depend on the size of your discretionary income such that you can chose to invest all without minding how big the amount is since it is still at the level of your discretion. It can also depend on how big your income is and how little your expenditures are that will tell if you will have enough discretionary amount to invest aggressively. Possibly you might have omitted where he said buying bitcoin with money set aside for basic needs. The key words there is ( Basic needs). I think this is why you were confused with what @Suzanne5223 was trying to say. When reading a posts, it's better we are relaxed. We should not be in haste, or high with substances as this might make us not to read through the lines. Now that I have pointed out where you missed, hope you will go back to his post and see that he was actually on track with what he saying. You can be aggressive as you like when comes to bitcoin purchases Aslong you have enough discretionary income to back things up , because going with money that you gonna need , like for basic needs is not a smart one at all because it will only give you more reasons to sell early and most time selling early may = to losses , there are some folks that sold their bitcoin when the prices drop to the range of $78k recently because of some certain expenses they wanna take care of and this is where emergency funds are needed because with it you be able to hold your bitcoin as long as you can, even when there might be some expenses you be able to handle them without tampering with your bitcoin investment. Honestly speaking a friend of mine also was a victim of this to by selling his BITCOIN when he was in need for money that why i careful study my account balance before i buy any BITCOIN so that it may not affect that newbies are always advisa when investing alway use what you can afford to lost It is important we buy bitcoin from our discretionary income not from money we will be needing soon so that will we not sell out our bitcoin when we weren't supposed to sell, investing with money for family upkeep is very wrong because what we are making is long time investment, your friend wasn't investing with his discretionary income he never got the right information how bitcoin investment is it be could be that he believes that bitcoin investment is a get Richer quick investment just as ponzi, so trying to study your account balance before purchasing bitcoin shows that you are investing with your discretionary but money kept for family upkeep and it is wrong it's just like gambling/trading. I agree with you that investors should accumulation Bitcoin with discretionary income. The current Bitcoin market analysis has created a kind of fear that if an investor saves Bitcoin regularly from discretionary income, then he will be safe even in the midst of price fluctuations. Every person should be more careful about the protection of his family. Bitcoin investment is a valuable asset for your future care and investors are recommended to save regularly so that you have a huge Bitcoin stash for retirement. Just as you are taking care of your family, constantly invest in Bitcoin with your extra money (discretionary income). Buy more Bitcoin during bearish times.
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JayJuanGee
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Self-Custody is a right. Say no to "non-custodial"
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March 04, 2025, 05:18:45 PM |
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[edited out]
My question to you is that, does making research even guarantee success in shitcoins? The answer is no but you sounded more like making research can make someone become successful in shitcoins and this can mislead newbies that are not knowledgeable enough to different things, dealing with shitcoins is not an investment because they don't have long term potential like Bitcoin, it is trading or gambling and not investment. You are probably correct. Research into bitcoin first, and sure, it is possible that you might learn about some various shitcoins during the process, yet there should be a presumption that spending time, energy or money on shitcoins is wasteful, so in order to spend time, energy on shitcoins, they have to overcome the presumption that waste is not happening. My question to you is that, does making research even guarantee success in shitcoins? The answer is no but you sounded more like making research can make someone become successful in shitcoins and this can mislead newbies that are not knowledgeable enough to different things, dealing with shitcoins is not an investment because they don't have long term potential like Bitcoin, it is trading or gambling and not investment.
How possibly will you get knowledgeable in the industry without proper research? I’m not advising anyone to invest in shitcoins but there have also been stories of people investing in them and fortunately they came out strong and one thing that might have contributed to that is a good and proper research. If you learn bitcoin first, then at least you might have a framework.. and yeah, it is possible that some guys might get lucky with their gambling - yet at the same time, hopefully they are gambling with less than 10% of their bitcoin value. Gambling is not a good overall and/or sustainable technique, even though it sometimes will work in the short term. If you want to presume that there are some good shitcoins out there and that they ONLY need to be identified with a bit of effort, then that is on you to be choosing to waste your time in those kinds of ways instead of trying to suggest to other forum members that researching shitcoins is a good strategy and/or a good way to use your time, energy and/or money. Nothing absolutely is guaranteed in the cryptocurrency market and that’s why it’s always preached to only invest what you can afford to lose but in as much as a proper research can’t guaranty you success in the industry, it keeps you very much informed of the market and helps in proper decision making.
I doubt that fucking around researching into shitcoin helps you to make proper decisions, and sure, every once in a while there is going to be some news about some various shitcoins here and there, and I am not suggesting that any of us need to completely ignore such news, yet we also likely should not be dedicating very much time and/or energy towards it.. no more than 10% or some meaningfully small amount of time and energy. In other words, keep your eyes on the prize and don't get overly distracted. even if you might sometimes reasonably conclude that you have to learn a little bit about some various shitcoins, especially if they might be coming up a lot in whatever circles of information.. and so sometimes there may be some needs to at least superficially investigate in some aspects of what might be happening with them, so you can superficially understand the context of whatever dumb shit they might be trying to pretend towards having value...and so then if we are looking at some thing that happened or some feature, we also would hopefully be comparing and contrasting how it relates to bitcoin and where bitcoin fits into the picture of what they might be proclaiming to have value and/or the news event that had taken place. Buying Bitcoin aggressively with the fund set aside for basic is one of the step for every Bitcoiner to sell at lost price no matter the good intention s/he has and no matter how people make wrong decision with their Bitcoin investment we can only make them understand the fact about how to accumulate Bitcoin profitably because even if you're Satoshi and you provide them the right guide they will still end up following their path.
Your response is a bit contradictory to me because how do buying bitcoin aggressively a step for bitcoiners to sell at lost. Anyways while i am still trying to grasp what you are saying, i can tell you that there is no such thing as bitcoiners selling at lost price while investing aggressively but i can put it in a clearer way for you. Buying aggressively can only depend on the size of your discretionary income such that you can chose to invest all without minding how big the amount is since it is still at the level of your discretion. It can also depend on how big your income is and how little your expenditures are that will tell if you will have enough discretionary amount to invest aggressively. Possibly you might have omitted where he said buying bitcoin with money set aside for basic needs. The key words there is ( Basic needs). I think this is why you were confused with what @Suzanne5223 was trying to say. When reading a posts, it's better we are relaxed. We should not be in haste, or high with substances as this might make us not to read through the lines. Now that I have pointed out where you missed, hope you will go back to his post and see that he was actually on track with what he saying. If anyone could say they are using the money earmarked for their basic needs for Bitcoin investment, then the person "may not" be planning well, Bitcoin should not be invested in a way that will affect your good living and that of your family. I quoted the "may not" because some people could sacrifice to invest in Bitcoin too, this is why I do not like to be too rigid in contexts like this. We've seen people sharing good and motivational stories on how they endured hardship just to invest and their stories turned to glory. For instance, some people might need $1,000 for the monthly basic needs that will make them very comfortable for the week, but for the sake of investing in Bitcoin, they might cut it to, let's say $500 and invest $550. Is that money not coming from their basic needs? And didn't they invest at the same time? All these things have explanations, it all depends on how far you can go to endure committing money to your Bitcoin investment for a better future and financial security. I will concede to you that even if there are a lot of circumstances in which prudence is the better practice, there sometimes could be some circumstances when some short-term additional risk taking might be reasonable to attempt, and surely I hate to go down the road of going too far into such scenarios since that would seem to be deviating from the topic of this thread, and maybe your example is enough.. in which there could be some ways in which expenses are purposefully cut in a way that is quite uncomfortable for short periods of time, and the extra money is put into bitcoin, so it ends up being a short term gamble rather than a long term investment... but it may also be purposefully contained in terms of both value and time. .. so it ends up playing out as a kind of short term gamble that may or may not end up with long term consequences, yet it may well seem like a reasonable play based on then circumstances.
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1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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DubemIfedigbo001
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March 04, 2025, 05:22:19 PM Merited by JayJuanGee (1) |
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there are some folks that sold their bitcoin when the prices drop to the range of $78k recently because of some certain expenses they wanna take care of and this is where emergency funds are needed because with it you be able to hold your bitcoin as long as you can, even when there might be some expenses you be able to handle them without tampering with your bitcoin investment.
What a pity, I mean for dudes that has their backup funds locked in Bitcoin and had to sell at a loss to meet up with demands. I think folks should consider having their backup funds in Fiat or stablecoins at least, there's no need gambling with these survival funds by locking them in Bitcoin for sharp interests to further boost it's value. Bitcoin is very volatile and you can't predict the price correction that might meet you when you want to put those funds back in use. Guys that aren't building their emergency funds alongside their Bitcoin accumulation are already on the wrong discipline in their accumulation journey and when those emergencies arrive, they tend to indulge in even greater wrong by tampering with their portfolio before maturity. The effectiveness of our backup funds can never be overemphasized. Your portfolio is never safe without their presence
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Mayor of ogba
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March 04, 2025, 08:08:33 PM |
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I disagree with you, investing is not easy and if it was or if it is almost/everybody would have ventured into it, investing is not easy because one have to think through the advantage and disadvantage of it before one can venture into it and some people in the process of thinking they lose interest because they might think out some scenarios that may be difficult for they scale through because anything about investment, there is always a risk so is not easy and sustaining and investment for a long term is not easy too even though you know the strategy because there are stage one will reach, one will be so confused though sustaining an investment will be or. An be easy if you have the necessary things such as your discretionary, emergency fund and back up fund and most importantly you need to be discipline, determined and know how to manage your investment and sometimes even with all these some people still find out hard to sustain there investment you why? Because they are not disciplined and determined.
So you think the reason why everyone has not invested into Bitcoin is because the investment isn't easy, that's funny because I must tell you that it is not the reason, as a matter of fact there no way everyone will find a particular investment very attractive to invest in, it not possible, I want you to understand that even as Bitcoin has proven to be trusted and achieved a long awaited milestone, there are still individuals who may not find it worthy of there investment because of how skeptical they are towards the said investment, as for merit and demerits of Bitcoin, I must tell you that every investment got this, so it not only Bitcoin, so if as an investor you keep looking at the advantage and disadvantage as you said before thinking of investing in Bitcoin then in all ramification it means you aren't serious about investing in the first place or your aren't much aware of the said investment and how it works. Well With the little experience i have understood and witnessed in BITCOIN systems this pass few years is that people have put thier faith in BITCOIN investment only that itself is enough to boost BITCOIN investment, just as you have said the investment is not easy BITCOIN investment it selfplay with your mentality first before it give you your rewards assets. Anyone who is investing his or her money into bitcoin should know that bitcoin is a long-term investment, and he or she should always care for his or her well-being by investing in bitcoin with the money he or she can comfortably afford to lose or with the money he or she will not be needing for a long time, like 4-10 years or more, so that if a dip happens, bitcoin will not play with his or her emotions. We know that holding bitcoin for the long term is not a bed of roses, but if you invest in bitcoin with the money you can't afford to lose, that is when it will have a negative impact on you because you will be looking for money you will use to solve your daily expenses.
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ginsan
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March 04, 2025, 08:09:18 PM |
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It is important to do researches to gain more knowledge because it through getting the right knowledge you will know that investing in shitcoin will be a waste of time and income so you won't go and invest into it.
Bitcoin is the right coin to invest into and not shitcoin.
You can also say shitcoins if you mean shitcoin or bitcoin if you mean bitcoin instead of crypto.
Actually, there is no need to do any research because our main goal is to invest in bitcoin so that whenever we only focus on accumulating bitcoin. There is no need for in-depth knowledge about bitcoin when we first want to start investing, so the step we must prepare is discretionary income to buy bitcoin gradually. How does a lay person view running an investment from the start without having to think long. Of course they only need to buy on the exchange and withdraw their assets to their own wallet. Understanding of the approach can be learned throughout the accumulation that he does. It's not too difficult, it's just that people always postpone investing so it's not right for us to congratulate other investors continuously because they have become millionaires while we don't want to do it and take steps today to start investing in bitcoin.
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Ambatman
Legendary
Offline
Activity: 938
Merit: 1230
Don't tell anyone
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March 04, 2025, 08:53:24 PM |
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It is important to do researches to gain more knowledge because it through getting the right knowledge you will know that investing in shitcoin will be a waste of time and income so you won't go and invest into it.
Bitcoin is the right coin to invest into and not shitcoin.
You can also say shitcoins if you mean shitcoin or bitcoin if you mean bitcoin instead of crypto.
Experience is one of the effective teachers Many accumulate knowledge and think they would do better Until they experience that Knowing how to swim in the middle of an open sea wouldn't stop you from drowning. The simple truth is people Pick shitcoin because of Greed. Not knowing the risk ain't worth it.
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Makus
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March 04, 2025, 09:08:59 PM |
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My question to you is that, does making research even guarantee success in shitcoins? The answer is no but you sounded more like making research can make someone become successful in shitcoins and this can mislead newbies that are not knowledgeable enough to different things, dealing with shitcoins is not an investment because they don't have long term potential like Bitcoin, it is trading or gambling and not investment.
How possibly will you get knowledgeable in the industry without proper research? I’m not advising anyone to invest in shitcoins but there have also been stories of people investing in them and fortunately they came out strong and one thing that might have contributed to that is a good and proper research. Nothing absolutely is guaranteed in the cryptocurrency market and that’s why it’s always preached to only invest what you can afford to lose but in as much as a proper research can’t guaranty you success in the industry, it keeps you very much informed of the market and helps in proper decision making. The issues about this proper research is another advantage every newbies gets from investing in Bitcoin right away with the getting just the basic knowledge to get started and learn more along the line, in my observations this thread talks more about Bitcoin with much freedom of having the basic knowledge prior to getting started other than attempting to make such proper research, and you talking about making proper research in respect to shitcoins involvement which is not investing implies that some shitcoins should be regarded as differently from others when they should allow be treated as the same, that someone got lucky with it even though they might not disclose their bad experiences doesn't mean the next person can get lucky, there are better thread and board where such discussions can be maximize, you said you are not encouraging anyone to get involved with shitcoins but you are indirectly, and you saying that nothing is guarantee in cryptocurrency market is another way of joining Bitcoin in the league with other coins, you can be specific next time because it is a Bitcoin discussion thread and not cryptocurrency. Shitcoins are more or less another form a gambling, rather than going to the casino to gamble, some persons decide to gamble with crypto(shit projects) because, there is no amount of knowledge about a shitcoin that can guarantee you making wins off your investment. I see some post of people boasting of a huge return from a shitcoin and how they conducted some research to determine if the project is authentic, but the truth is, if you ask them about other experiences they've had, you'll find out that they where only lucky with that shitcoin which also made other persons loss drastically. However in gamble you only invest what you can afford to lose. Instead of wasting those amount of money in trying to see if luck meets you well, why not invest in Bitcoin, most newbies and traders lack this wisdom to make the right decision and often ends up in regrets which is not the best thing to do when you have bitcoin. Open to all
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Viktor winer
Newbie
Offline
Activity: 15
Merit: 0
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March 04, 2025, 09:42:29 PM |
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My question is can I be able to buy bitcoin now that the dip has occured.i need to understand how the market works and how to get started although I have not invested online before I mean bitcoin investment,
Hope this is the best time for me to buy bitcoin?
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Ruttoshi
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March 04, 2025, 09:48:53 PM Last edit: March 04, 2025, 10:25:28 PM by Ruttoshi Merited by JayJuanGee (1) |
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My question is can I be able to buy bitcoin now that the dip has occured.i need to understand how the market works and how to get started although I have not invested online before I mean bitcoin investment,
Hope this is the best time for me to buy bitcoin?
Yes, you should start your bitcoin investment right away if your extra cash available. When I mean your extra cash no matter how little it's what matters is that you get started since you don't have any bitcoin. It's better to be a low coiner than a no coiner. I mean to your discretionary income Which is the left over money after you have set aside the money for your monthly expenses needs. You use part of your discretionary income, the amount that you can use to be buying bitcoin every time you get paid and it wouldn't affect you. The DCA method is best for you as a brand investor because it enables you increase your bitcoin bit by bit with your regular weekly DCA buying. If you continue like buying consistently and persistently without missing anytime for 4-10 years and above, and take your bitcoin accumulation as your priority. You will be surprised at the size of bitcoin that you have accumulated. Setting up an emergency funds as you have started your bitcoin investment is very important because it's a going to be a backup funds to your bitcoin investment, so that when an unforeseen circumstances occurs, you can use your emergency funds to take care of it. You can share your discretionary income into two, use one part to build your bitcoin investment every week regularly and also use the other part to build your emergency funds of at least three months of your monthly income.
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Umulala-alala
Sr. Member
  
Offline
Activity: 406
Merit: 286
ALIGE
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March 04, 2025, 10:09:59 PM |
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My question is can I be able to buy bitcoin now that the dip has occured.i need to understand how the market works and how to get started although I have not invested online before I mean bitcoin investment,
Hope this is the best time for me to buy bitcoin?
If you have little understanding about bitcoin investment you can start up provided you have set aside your discretionary Income which is your left over money after which you have settled all other needs because bitcoin investment is a long time investment so money to buy bitcoin with is money you won't be needing for long then on the process you can start building your emergency fund so that you won't sell out quick when real emergency occurs, you can also be buying bitcoin using the DCA strategy with this strategy you can easily be buying bitcoin weekly or every month and keep hodling your bitcoin for long like 4 to 10 years or more years too.
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Richbased
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March 04, 2025, 10:37:06 PM |
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My question is can I be able to buy bitcoin now that the dip has occured.i need to understand how the market works and how to get started although I have not invested online before I mean bitcoin investment,
Hope this is the best time for me to buy bitcoin?
You want to understand how the market works? Just volatility, the market fluctuates upwards or downwards so even if you buy now you should have it in your mind that the price can DIP more so that when you see such you won't be afraid that something bad will happen to your investment. Bitcoin is not a stable coin where the price will be stamped at a defined price so you can start buying bitcoin now within your capacity. Even if the price of Bitcoin doesn't DIP it's still a time to buy, no body is late to invest in bitcoin except for those who procrastinates because they always end up not buying.
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Tmoonz
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March 04, 2025, 11:07:34 PM Merited by JayJuanGee (1) |
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My question is can I be able to buy bitcoin now that the dip has occured.i need to understand how the market works and how to get started although I have not invested online before I mean bitcoin investment,
Hope this is the best time for me to buy bitcoin?
You need to understand that you can buy Bitcoin in any market conditions whether in dip or not so far you have your discretionary income made available for investment either weekly or monthly, that's taken advantage of the principle and concept of DCA strategy as it also helps you in understanding how the market works while at the same time you are buying Bitcoin, The first best time would have been yesterday and the second best is today, take advantage of any opportunity right in front of you and buy with the mindset of holding for a long term of about 4 to 10 years or more provided is your discretionary income. Below is the link to 9 principle factors by jayjuanGee that will also help in sorting out your curiosity. >>> 9 principle individual factors by jayjuanGee
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