Buy the DIP, and HODL!

[Mayor of ogba]

You may sell your BTC during the bullish period of, which may be a sign of good business. Now you bought again at the time of low market, here you stayed with Bitcoin and increased the profit margin.

I disagree with this strategy because it is for those who are in bitcoin for short-term profit. Secondly, this strategy will make you miss out on bitcoin if you sell it for short-term profit because you will have a price where you would like to buy back your bitcoin, and if bitcoin fails to dip to that price, you can't buy back your bitcoin. You have to change your mindset to long-term holding on bitcoin because it is through holding that you can get the real profit.

[JayJuanGee]

.....and other thigns like having an emergency fund which at times would take 3 months or 6months of income to build and having reserves and floats to carry around that would help us have a financial cushioin and maximise our investment in bitcoin.

I understand what you are saying, Dorkylickjj .. but it is still unclear..

Technically, you are correct.

An emergency fund it 3-6 months worth of income - yet more accurately, an emergency fund would be 3-6 months of expenses, and sure if you build up an amount of an emergency fund that is actually 3 months of your income, then it likely should end up going a little bit longer than 3 months - depending upon if you might be able to reduce your expenses during any actual emergency that would end up taking place... and if anyone ends up having an actual emergency, he likely is going to dread if he were to ONLY have 3 months and wished that he were to have more, yet we know that it likely tends to take quite a bit of resources to build up an emergency fund, even one as small as 3 months.. yet it is something that really provides a lot of security and ability to take greater risks and to be more aggressive in terms of investing into something like bitcoin.. ..

Another thing is that many of us likely imagine that if we are brand new to investing and we are living in a way similar to many people, we might start out with only 2-4 weeks worth of float, reserves and/or emergency funds, and so we might have frequently considered that 2-4 weeks is quite a bit of "extra cash" just sitting around and just there  for various shortages in cashflow, and we might be able to get by for years and years and years with such pracices of sparsely maintaining savings and/or any emergency fund.

So if we are wanting to build up our current emergency fund, float, reserves to be at least 3 months and likely to have a bit more than 3 months in there, then it well could take us 6-18 months to build it up to such higher levels.. .. just depending on how much discretionary income that we have and if we might simultaneously be wanting to get started investing into bitcoin and building our emergency fund, reserves and float at the same time that we are making our earliest investments into bitcoin and sat stacking.

If your investment is right then your success is guaranteed  .....

That is a pretty dangerous mindset AirtelBuzz

I will agree that there are practices that are better than others, and there are a lot of ways to hedge your bets so that you have very good odds of success.. .. but no one is guaranteed of success, even if s/he does everything 100% correct.

And, I doubt that any of us should believe that we can even do all things 100%, yet we can try to do the best that we can with the resources that we have and we can make sure that we think through our allocations and make sure that we have various cushions.. but still we could make mistakes or there could be some crazy kinds of oversights or mistakes that we end up making, which also might end up being largely blamed on bad luck rather than anything that we did wrong.

Anyhow, it is dangerous to think that matters are guaranteed, even though there are quite a few things that we can do that are building in a direction that is within our preparations and expectations and to improve our odds of success in terms of however we might define success that is hopefully based on our own individual circumstances.

the problem is that the misconception about Bitcoin and cryptocurrency has made so many naive folks to invest into any cryptocurrency thinking that it has the potential of of increasing in similar proportion with bitcoin and although some project might have had a positive trend  afterwards it's always meters down the road which should have thought those folks great lesson that Bitcoin stands as an exception to whatever crypto project that comes up. Imagine he invested such amount into Bitcoin? Do you know how strong his portfolio would have been? Even when some folks think that after stacking up a good amount of Bitcoin and have probably made a good amount of profit that it's now time to sell some and diversify it into other areas and then you're considering investing your profit into an altcoin or a meme project? One of the things we need to learn in our quest to multiplying our income is that the source that gives you those profit you're considering using to invest into another project remains your most reliable source you shouldn't play with for any reason. Well, these are all stories that don't count at the moment and I just hope he has learned the right lesson by now.

What misconception are you talking about, everyone knows that there is a clear margin between shitcoins and bitcoin, yeah bitcoin might be a cryptocurrency but that doesn't make crypto currency BITCOIN there is a clear difference, how would someone just invest in a shitcoin thinking that it would give the Same result as bitcoin, the truth is that most persons that are investing in shitcoins are just gamblers and they already know the risk involved and that why I don't pity them, so yeah don't try to show pity by giving an excuse that they were under the ignorance of misconception, their knew the risk they took it and they also know that bitcoin was a better option but were looking for quick gains and they felt the hard side of messing around with their money.

There are shitcoiners with legitimate confusion, and they might think that they already know about bitcoin or they know enough about bitcoin.. so frequently a person will not know what they don't know, so even smart people can get sucked into various shitcoin talking points without actually realizing that they have little to no clue in regards to what bitcoin is.

Another thing is that there likely are a lot of people who have heard of the word bitcoin, and they might think that they have some kind of a decent idea what it is, yet merely hearing the word and sometimes hearing some mainstream rendition of what it is, is not enough to actually realize actually what bitcoin is.. and so actually understanding ideas of sound money might be a bit more foreign to people than we presume such a topic as "common sense" when there are a lot of ways that people can get sucked into believing they know more than they do, and it may well be a good idea for some of them to actually spend a bit of time really studying bitcoin specifically.. whether it takes 10, 50, 100, 500 or 1,000 hours of study may well vary from person to person and the kind of source materials they are studying.

Some folks have a lot of difficulties distinguishing between good information and bad information, and they might actually believe the sources of their bad information and believe that their bad information is good information, and so when they actually come across some accurate and informative information about bitcoin, they might skeptically conclude that the good information could not be true since it conflicts with what they believe to be credible sources.

I was listening to a program earlier today about how the greedy companies are gouging consumers by raising their food prices, and so it can sometimes be difficult to realize that money printer go bbbbbrrrrrrr is way more blame worthy than what normies want to give governments more power to control prices - which surely does not seem to be a good solution, and I am not even anti-government, yet we likely should realize that it becomes problematic to have too many controls in place, even though maybe it becomes difficult to get rid of the controls .. so bitcoin and bitcoiners are going to sometimes end up being targeted as part of the problem rather than part of the solution... which still gets us back to either having information available but also having abilities to sort through good information versus not so good information... and we are all not going to agree.. but at the same time do we have rights and/or abilities to disagree or are we told what we are supposed to think and are we accepting of being told what to think.. and do we realize when we are being told what to think versus engaging in our own abilities to critically think about what might really be in our own best interests.

[teamsherry]

There are shitcoiners with legitimate confusion, and they might think that they already know about bitcoin or they know enough about bitcoin.. so frequently a person will not know what they don't know, so even smart people can get sucked into various shitcoin talking points without actually realizing that they have little to no clue in regards to what bitcoin is.

That's very true some persons actually think they know about bitcoin and would even engage in conversations about it but don't realise that they don't know what they are supposed to know like the empowerment side of bitcoin and how it is a better asset than other shitcoins.

Another thing is that there likely are a lot of people who have heard of the word bitcoin, and they might think that they have some kind of a decent idea what it is, yet merely hearing the word and sometimes hearing some mainstream rendition of what it is, is not enough to actually realize actually what bitcoin is.. and so actually understanding ideas of sound money might be a bit more foreign to people than we presume such a topic as "common sense" when there are a lot of ways that people can get sucked into believing they know more than they do, and it may well be a good idea for some of them to actually spend a bit of time really studying bitcoin specifically.. whether it takes 10, 50, 100, 500 or 1,000 hours of study may well vary from person to person and the kind of source materials they are studying.

IMO I think from what yoir saying there is a lesson that everyone needs to do some personal research to learn more about bitcoin and have an understanding of how it works and best to approach it, but another thing is how can these new persons understand what is a good knowledge from bad knowledge since they most likely don't know or have any idea on how to differentiate good knowledge from bad knowledge and most influenecers on social media or sources of knowledge they trust can also carry a lot of misleading information that would potentially lead them astray to shitcoins or even gambling practices like buying at low price and selling at high price, there are very few sources of good information with regards to bitcoin online, unless maybe some other communities like this forum, that information goes through confirmation from a lot of persons.

Some folks have a lot of difficulties distinguishing between good information and bad information, and they might actually believe the sources of their bad information and believe that their bad information is good information, and so when they actually come across some accurate and informative information about bitcoin, they might skeptically conclude that the good information could not be true since it conflicts with what they believe to be credible sources.

What I think is people often believe what they think would favour them and not the harsh truth, swaying words that woudl promise them huge profits would definitely sound better than someone teaching then how to build it slowly through proper planning and accumulation, so most times I still blame the reader or seekers of information cause they chose what they feel is best for them without taking time to properly validate those information if they are misleading or not.

[JayJuanGee]

There are shitcoiners with legitimate confusion, and they might think that they already know about bitcoin or they know enough about bitcoin.. so frequently a person will not know what they don't know, so even smart people can get sucked into various shitcoin talking points without actually realizing that they have little to no clue in regards to what bitcoin is.

That's very true some persons actually think they know about bitcoin and would even engage in conversations about it but don't realise that they don't know what they are supposed to know like the empowerment side of bitcoin and how it is a better asset than other shitcoins.

Another thing is that there likely are a lot of people who have heard of the word bitcoin, and they might think that they have some kind of a decent idea what it is, yet merely hearing the word and sometimes hearing some mainstream rendition of what it is, is not enough to actually realize actually what bitcoin is.. and so actually understanding ideas of sound money might be a bit more foreign to people than we presume such a topic as "common sense" when there are a lot of ways that people can get sucked into believing they know more than they do, and it may well be a good idea for some of them to actually spend a bit of time really studying bitcoin specifically.. whether it takes 10, 50, 100, 500 or 1,000 hours of study may well vary from person to person and the kind of source materials they are studying.

IMO I think from what yoir saying there is a lesson that everyone needs to do some personal research to learn more about bitcoin and have an understanding of how it works and best to approach it, but another thing is how can these new persons understand what is a good knowledge from bad knowledge since they most likely don't know or have any idea on how to differentiate good knowledge from bad knowledge and most influenecers on social media or sources of knowledge they trust can also carry a lot of misleading information that would potentially lead them astray to shitcoins or even gambling practices like buying at low price and selling at high price, there are very few sources of good information with regards to bitcoin online, unless maybe some other communities like this forum, that information goes through confirmation from a lot of persons.

Some folks have a lot of difficulties distinguishing between good information and bad information, and they might actually believe the sources of their bad information and believe that their bad information is good information, and so when they actually come across some accurate and informative information about bitcoin, they might skeptically conclude that the good information could not be true since it conflicts with what they believe to be credible sources.

What I think is people often believe what they think would favour them and not the harsh truth, swaying words that woudl promise them huge profits would definitely sound better than someone teaching then how to build it slowly through proper planning and accumulation, so most times I still blame the reader or seekers of information cause they chose what they feel is best for them without taking time to properly validate those information if they are misleading or not.

In the end, we likely can realize that not enough people know or understand bitcoin, otherwise more people would own bitcoin.. so yeah.,. too bad that we are still in the ballpark of 1%-ish adoption.. .so people don't even realize that it is to their best interest to learn about bitcoin and get some.. and so any of us who are already in such process, we are likely 10-15 years ahead of the masses coming into bitcoin - even though there are surely some rich people who are coming into bitcoin and hoarding all the coins, but you cannot stop people from coming in and front loading their investment into BTC, just like you cannot force normies to learn about bitcoin and to get the fuck started out of their own best interest (that they don't realize), and so each person has to come to bitcoin at his/her own pace and when s/he finally figures out that it is in his/her best interest to get some.

[Dorkylickjj]

.....and other thigns like having an emergency fund which at times would take 3 months or 6months of income to build and having reserves and floats to carry around that would help us have a financial cushioin and maximise our investment in bitcoin.

I understand what you are saying, Dorkylickjj .. but it is still unclear..

Technically, you are correct.

An emergency fund it 3-6 months worth of income - yet more accurately, an emergency fund would be 3-6 months of expenses, and sure if you build up an amount of an emergency fund that is actually 3 months of your income, then it likely should end up going a little bit longer than 3 months - depending upon if you might be able to reduce your expenses during any actual emergency that would end up taking place... and if anyone ends up having an actual emergency, he likely is going to dread if he were to ONLY have 3 months and wished that he were to have more, yet we know that it likely tends to take quite a bit of resources to build up an emergency fund, even one as small as 3 months.. yet it is something that really provides a lot of security and ability to take greater risks and to be more aggressive in terms of investing into something like bitcoin.. ..

Another thing is that many of us likely imagine that if we are brand new to investing and we are living in a way similar to many people, we might start out with only 2-4 weeks worth of float, reserves and/or emergency funds, and so we might have frequently considered that 2-4 weeks is quite a bit of "extra cash" just sitting around and just there  for various shortages in cashflow, and we might be able to get by for years and years and years with such pracices of sparsely maintaining savings and/or any emergency fund.

So if we are wanting to build up our current emergency fund, float, reserves to be at least 3 months and likely to have a bit more than 3 months in there, then it well could take us 6-18 months to build it up to such higher levels.. .. just depending on how much discretionary income that we have and if we might simultaneously be wanting to get started investing into bitcoin and building our emergency fund, reserves and float at the same time that we are making our earliest investments into bitcoin and sat stacking.

I think I'm getting closer to having a better understanding of this, the larger your emergency fund is the more financial cushioin you have for investing into bitcoin and let's say that I have been building up an emergency fund for up three months from my income like about 5% going into that and I'm investing a total of 15% weekly into bitcoin, then my emergency funds would actually need a higher time to mature to be a good financial cushioin for me in my investing or do you feel its a good idea to make them equal, allocating equal amount to both building up emergency funds and investing in bitcoin, since my investment is technically unsafe if I don't have a good emergency fund, and yeah I'm just well above 20, still in collage so I don't think I can cut down my expenses any further than I am able to.

[Troytech]

In the end, we likely can realize that not enough people know or understand bitcoin, otherwise more people would own bitcoin.. so yeah.,. too bad that we are still in the ballpark of 1%-ish adoption.. .so people don't even realize that it is to their best interest to learn about bitcoin and get some.. and so any of us who are already in such process, we are likely 10-15 years ahead of the masses coming into bitcoin - even though there are surely some rich people who are coming into bitcoin and hoarding all the coins, but you cannot stop people from coming in and front loading their investment into BTC, just like you cannot force normies to learn about bitcoin and to get the fuck started out of their own best interest (that they don't realize), and so each person has to come to bitcoin at his/her own pace and when s/he finally figures out that it is in his/her best interest to get some.

IMO this is what many persons fail to realise that bitcoin is still in its early stages of mass adoption and growth and its not an asset to play around with and that's is why ideas of gambling disguised as buying low and selling high to make quick profits from bitcoin are not the best approach and would lead to high regret when they look back and find out that they Don't have enough bitcoin in years to come and that would be the worst regret, knowing about bitcoin and were too busy playing around and you don't have any stake in bitcoin or have a very small amount of it. The best plan possible is to stick with our regular DCA buying and try as best we can to stay consistent in what we are doing and in some way we are better than the rest that has not found out about bitcoin or even have not started and just lake the two guys from your hypothetical guy1 and guy 3 that started earlier although not as aggressive as guy2 but end up having a better stash than him and would take guy 2 up to 14 years to caugh up with them even with his level of aggressiveness, so yeah they is a reward for starting early in your accumulation.

[teamsherry]

There are shitcoiners with legitimate confusion, and they might think that they already know about bitcoin or they know enough about bitcoin.. so frequently a person will not know what they don't know, so even smart people can get sucked into various shitcoin talking points without actually realizing that they have little to no clue in regards to what bitcoin is.

That's very true some persons actually think they know about bitcoin and would even engage in conversations about it but don't realise that they don't know what they are supposed to know like the empowerment side of bitcoin and how it is a better asset than other shitcoins.

Another thing is that there likely are a lot of people who have heard of the word bitcoin, and they might think that they have some kind of a decent idea what it is, yet merely hearing the word and sometimes hearing some mainstream rendition of what it is, is not enough to actually realize actually what bitcoin is.. and so actually understanding ideas of sound money might be a bit more foreign to people than we presume such a topic as "common sense" when there are a lot of ways that people can get sucked into believing they know more than they do, and it may well be a good idea for some of them to actually spend a bit of time really studying bitcoin specifically.. whether it takes 10, 50, 100, 500 or 1,000 hours of study may well vary from person to person and the kind of source materials they are studying.

IMO I think from what yoir saying there is a lesson that everyone needs to do some personal research to learn more about bitcoin and have an understanding of how it works and best to approach it, but another thing is how can these new persons understand what is a good knowledge from bad knowledge since they most likely don't know or have any idea on how to differentiate good knowledge from bad knowledge and most influenecers on social media or sources of knowledge they trust can also carry a lot of misleading information that would potentially lead them astray to shitcoins or even gambling practices like buying at low price and selling at high price, there are very few sources of good information with regards to bitcoin online, unless maybe some other communities like this forum, that information goes through confirmation from a lot of persons.

Some folks have a lot of difficulties distinguishing between good information and bad information, and they might actually believe the sources of their bad information and believe that their bad information is good information, and so when they actually come across some accurate and informative information about bitcoin, they might skeptically conclude that the good information could not be true since it conflicts with what they believe to be credible sources.

What I think is people often believe what they think would favour them and not the harsh truth, swaying words that woudl promise them huge profits would definitely sound better than someone teaching then how to build it slowly through proper planning and accumulation, so most times I still blame the reader or seekers of information cause they chose what they feel is best for them without taking time to properly validate those information if they are misleading or not.

In the end, we likely can realize that not enough people know or understand bitcoin, otherwise more people would own bitcoin.. so yeah.,. too bad that we are still in the ballpark of 1%-ish adoption.. .so people don't even realize that it is to their best interest to learn about bitcoin and get some.. and so any of us who are already in such process, we are likely 10-15 years ahead of the masses coming into bitcoin - even though there are surely some rich people who are coming into bitcoin and hoarding all the coins, but you cannot stop people from coming in and front loading their investment into BTC, just like you cannot force normies to learn about bitcoin and to get the fuck started out of their own best interest (that they don't realize), and so each person has to come to bitcoin at his/her own pace and when s/he finally figures out that it is in his/her best interest to get some.

Yep your right we are still in a very early adoption stage, so many persons doesn't know what bitcoin is or are even into bitcoin and the little who knows are divided into two categories, the once that are taking action and those that are doing nothing, even with all that is going on around bitcoin lots of folks that know about bitcoin don't even have coin in their wallet and this might be that they are crippled in their minds that they can't buy bitcoin because if the price or because they are busy gambling around with shitcoins and haven't realised that they should be accumulating bitcoin before the rest of the crowd comes in.

Yeah those with huge capital that have mostly understood that they only win in bitcoin is to have a good stake in it and are already doing so, so what can we normies do if not to try our best and accumulate what we can and as aggressive as we can, we might be able to have so much bitcoin to make us excessive wealth at once but if we keep on buying and holding with our long term plan we might still stand a chance to have huge wealth come our way maybe after 20 years of accumulation and we found out that we have even hootenanny a lot if bitcoin for ourselves.

[SickDayIn]

Some folks have a lot of difficulties distinguishing between good information and bad information, and they might actually believe the sources of their bad information and believe that their bad information is good information, and so when they actually come across some accurate and informative information about bitcoin, they might skeptically conclude that the good information could not be true since it conflicts with what they believe to be credible sources.

This is a very good point and is definitely overlooked by a lot of people. I think back to 2016 to 2018 period when the Bitconnect Ponzi Scheme was going around. Mainstream people that were misguided thought that buying packages or units in Bitconnect, was actually buying Bitcoin. There was a complete disconnect between what Bitcoin actually was, and what they had invested.

It's also similar to that screenshot which was going around, saying someone thought they had invested in US Bitcoin, when it was just USDC and of course the price wasn't going up at all.

[Justbillywitt]

I saw this on X, formally known as Twitter, and I decided to share it here so that some people can see the reason why JayJuanGee keeps saying we should not invest in altcoins and shitcoins.

This is something serious, from a $10k purchase of that shitcoin to $129, I strongly believe it is a memecoin, just what they are known for. I am still on the thought as of why people will prefer embarking on investment like this, I see people here who call it greed, seems like I have no other choice than to accept as fact. Excessive haunt for profit has ruined many investors and investment, these investors are completely aware about the effect and repercussions of dealing with massive funding into shitcoins if it goes the wrong way, at which it is clear that these shitcoins are 99% expected to dump than pump. It is now a matter of had I know, he should have insisted on investing in Bitcoin but his pursuit for bigger profits has landed him in a doom.

It is foolishness to have faith in shitcoins. Yes the mistake has been made by investing in it already, but having so much faith in it is what got this investor to this point. He has the opinion that the price will go back up, be he has completely forgotten that this wasn't bitcoin, and only bitcoin has that potential of back to previous ATH. When you have made a mistake by investing in shitcoins, you don't feel relaxed like we do with bitcoin investment. In this case once you have invested you should set a stop loss order, so that when the market price get to that level it will sell off and the level of loss will be minimal. If he had set the stop loss below $9k he won't have found himself in this mess. This is a wake up call for those that are still venturing into shitcoins investments, know how to use your stop loss and take profit if you ever find yourself in shitcoins investment. But to be on the safer side, stop shitcoins investment, it will ruine your life believe me.

[Wind_FURY]

You may sell your BTC during the bullish period of, which may be a sign of good business. Now you bought again at the time of low market, here you stayed with Bitcoin and increased the profit margin.

I disagree with this strategy because it is for those who are in bitcoin for short-term profit. Secondly, this strategy will make you miss out on bitcoin if you sell it for short-term profit because you will have a price where you would like to buy back your bitcoin, and if bitcoin fails to dip to that price, you can't buy back your bitcoin. You have to change your mindset to long-term holding on bitcoin because it is through holding that you can get the real profit.

Plus the person is only giving himself an opportunity to MAKE A MISTAKE. Those people that tried, only a few actually did that successfuly. How many people in the topic could actually say they can always do it perfectly? I would say that they are the most profitable traders in Bitcoin Land. If many people claim to have such great skill in trading, I would ask what are you doing shit-posting in the topic? We're mere plebs who are here to learn from each other.

[Hewlet]

There are many people who have a tendency to spread false and misleading information about a subject without knowing the correct and complete information about it. I think that acquiring knowledge or collecting information about a subject should be reserved only for the experienced and knowledgeable person of the society. Because, they never want to be misled by wrong information. Do you think so?

 My knowledge of Bitcoin is very poor. From where and how can I get the right knowledge?

regardless of how small your knowledge on Bitcoin is, of you follow u discussion in this thread and other quality post and the beginners and help section, it wouldn't take time before you get a whole sense of what's the bases of our discussion. And it's true that there are lots of false information out thier that's being spread all over YouTube and other social media platforms just to attract views and gain followers and you can't really trust most of those information as they are mostly paid to make noise about a particular altcoin which end up crashing in no time and then you loose all your money. By navigating through the whole Bitcoin.come site you will get the basic knowledge that's going to help you get started in your accumulation routine and if you're in doubt and need some clarity, you've the search engine on tgis forum to check if thier is a simar question like what you want to ask and if it's not thier, you can easily ask your questions at thr beginners and help section.

But then, your knowledge of Bitcoin isn't complete without you having a good amount of Bitcoin in your portfolio and navigating through this thread will give you the needed information that will help you buy as much as you can based on your financial level and hold till you are in a good profit. Just another tip for the journey and it's that this is not a mere theoretical discussion that's not applicable in real life. If you are able to stack up a good quantity of Bitcoin and hold it for at least a circle which is mostly at an interval of four years and you do so iether by buying more if you have the resource or following a DCA methord which allows you to split your purchase into weekly or monthly bases and then if you have the means to buy like $50 a week, by the end of the month you should have stacked up at least $200k worth of Bitcoin and by the end of the year you must have gotten $2.2k worth of Bitcoin which is a good quantity of of Bitcoin for an average person that's just getting started. It might seems deficult before starting but if you put all the necessary things in place like setting your reserve funds and ensuring that your source of income is secured, investing into Bitcoin will definitely be your easiest way to doubling your income and investing into your future rather than saving in fiat that's subject to inflation.

[laijsica]

There are shitcoiners with legitimate confusion, and they might think that they already know about bitcoin or they know enough about bitcoin.. so frequently a person will not know what they don't know, so even smart people can get sucked into various shitcoin talking points without actually realizing that they have little to no clue in regards to what bitcoin is.

That's very true some persons actually think they know about bitcoin and would even engage in conversations about it but don't realise that they don't know what they are supposed to know like the empowerment side of bitcoin and how it is a better asset than other shitcoins.

Another thing is that there likely are a lot of people who have heard of the word bitcoin, and they might think that they have some kind of a decent idea what it is, yet merely hearing the word and sometimes hearing some mainstream rendition of what it is, is not enough to actually realize actually what bitcoin is.. and so actually understanding ideas of sound money might be a bit more foreign to people than we presume such a topic as "common sense" when there are a lot of ways that people can get sucked into believing they know more than they do, and it may well be a good idea for some of them to actually spend a bit of time really studying bitcoin specifically.. whether it takes 10, 50, 100, 500 or 1,000 hours of study may well vary from person to person and the kind of source materials they are studying.

IMO I think from what yoir saying there is a lesson that everyone needs to do some personal research to learn more about bitcoin and have an understanding of how it works and best to approach it, but another thing is how can these new persons understand what is a good knowledge from bad knowledge since they most likely don't know or have any idea on how to differentiate good knowledge from bad knowledge and most influenecers on social media or sources of knowledge they trust can also carry a lot of misleading information that would potentially lead them astray to shitcoins or even gambling practices like buying at low price and selling at high price, there are very few sources of good information with regards to bitcoin online, unless maybe some other communities like this forum, that information goes through confirmation from a lot of persons.

Some folks have a lot of difficulties distinguishing between good information and bad information, and they might actually believe the sources of their bad information and believe that their bad information is good information, and so when they actually come across some accurate and informative information about bitcoin, they might skeptically conclude that the good information could not be true since it conflicts with what they believe to be credible sources.

What I think is people often believe what they think would favour them and not the harsh truth, swaying words that woudl promise them huge profits would definitely sound better than someone teaching then how to build it slowly through proper planning and accumulation, so most times I still blame the reader or seekers of information cause they chose what they feel is best for them without taking time to properly validate those information if they are misleading or not.

In the end, we likely can realize that not enough people know or understand bitcoin, otherwise more people would own bitcoin.. so yeah.,. too bad that we are still in the ballpark of 1%-ish adoption.. .so people don't even realize that it is to their best interest to learn about bitcoin and get some.. and so any of us who are already in such process, we are likely 10-15 years ahead of the masses coming into bitcoin - even though there are surely some rich people who are coming into bitcoin and hoarding all the coins, but you cannot stop people from coming in and front loading their investment into BTC, just like you cannot force normies to learn about bitcoin and to get the fuck started out of their own best interest (that they don't realize),

You are really right! Those of us who keep an eye on the threads try to understand and explain, but at the end of the day, I feel like I don't understand anything. Although I was a student of economics. In fact, whether we are good students or bad students, the field of work is a different world to me here your exposure to elements that destroy my freedom does not allow the development of many talents. Not only this happens to me but to many people around me especially those who work under others. I may be trying to solidify the association of BTC with its economic value in the new state but space is limited. I also know it can grow in size over time but it will require burning a lot of wood.

and so each person has to come to bitcoin at his/her own pace and when s/he finally figures out that it is in his/her best interest to get some.

In all cases the beginning is not good, when we were young we were more focused on sports than studies. Parents have dragged us so far by force. However, those of us who are trying to study at BTC must return home with something good for ourselves. In my best interest.

[Roseline492]

There are shitcoiners with legitimate confusion, and they might think that they already know about bitcoin or they know enough about bitcoin.. so frequently a person will not know what they don't know, so even smart people can get sucked into various shitcoin talking points without actually realizing that they have little to no clue in regards to what bitcoin is.

Another thing is that there likely are a lot of people who have heard of the word bitcoin, and they might think that they have some kind of a decent idea what it is, yet merely hearing the word and sometimes hearing some mainstream rendition of what it is, is not enough to actually realize actually what bitcoin is.. and so actually understanding ideas of sound money might be a bit more foreign to people than we presume such a topic as "common sense" when there are a lot of ways that people can get sucked into believing they know more than they do, and it may well be a good idea for some of them to actually spend a bit of time really studying bitcoin specifically.. whether it takes 10, 50, 100, 500 or 1,000 hours of study may well vary from person to person and the kind of source materials they are studying.

Some folks have a lot of difficulties distinguishing between good information and bad information, and they might actually believe the sources of their bad information and believe that their bad information is good information, and so when they actually come across some accurate and informative information about bitcoin, they might skeptically conclude that the good information could not be true since it conflicts with what they believe to be credible sources.

I was listening to a program earlier today about how the greedy companies are gouging consumers by raising their food prices, and so it can sometimes be difficult to realize that money printer go bbbbbrrrrrrr is way more blame worthy than what normies want to give governments more power to control prices - which surely does not seem to be a good solution, and I am not even anti-government, yet we likely should realize that it becomes problematic to have too many controls in place, even though maybe it becomes difficult to get rid of the controls .. so bitcoin and bitcoiners are going to sometimes end up being targeted as part of the problem rather than part of the solution... which still gets us back to either having information available but also having abilities to sort through good information versus not so good information... and we are all not going to agree.. but at the same time do we have rights and/or abilities to disagree or are we told what we are supposed to think and are we accepting of being told what to think.. and do we realize when we are being told what to think versus engaging in our own abilities to critically think about what might really be in our own best interests.

Many a times we have wrong idea about something without knowing the correct and complete information about that thing and fall into confused situation. Many of us have not been able to collect and master the correct information about Bitcoin yet, but we are carrying various misconceptions about Bitcoin in our minds.

There are many people who have a tendency to spread false and misleading information about a subject without knowing the correct and complete information about it. I think that acquiring knowledge or collecting information about a subject should be reserved only for the experienced and knowledgeable person of the society. Because, they never want to be misled by wrong information. Do you think so?

 My knowledge of Bitcoin is very poor. From where and how can I get the right knowledge?

The truth about most people is that when they don't have interest on particular thing they tend to make it look like is totally wrong for people to venture into, however in a case of Bitcoin I have seen so many people who are always skeptical about Bitcoin investment when they don't even have knowledge about it but they talk bad against it as if they know what Bitcoin represents, so it actually very comon for people and besides in as much as Bitcoin is a very good investment to venture into do to it potentials but there is no way everybody will generally accept Bitcoin, so we that believe in Bitcoin and it potential we know that those that doesn't accept Bitcoin are making a very big mistake because there would come a time when they will wish to had utilized the opportunity while they can because most of the people now that are heavily investing on Bitcoin now, there was a time they never had interest on buying Bitcoin but after how far Bitcoin has gone they began to realize there mistakes and start investing, so perhaps I believe that's what will continue to happen as time goes by people will keep realizing the need for them to venture into Bitcoin.

[arwin100]

There are shitcoiners with legitimate confusion, and they might think that they already know about bitcoin or they know enough about bitcoin.. so frequently a person will not know what they don't know, so even smart people can get sucked into various shitcoin talking points without actually realizing that they have little to no clue in regards to what bitcoin is.

Another thing is that there likely are a lot of people who have heard of the word bitcoin, and they might think that they have some kind of a decent idea what it is, yet merely hearing the word and sometimes hearing some mainstream rendition of what it is, is not enough to actually realize actually what bitcoin is.. and so actually understanding ideas of sound money might be a bit more foreign to people than we presume such a topic as "common sense" when there are a lot of ways that people can get sucked into believing they know more than they do, and it may well be a good idea for some of them to actually spend a bit of time really studying bitcoin specifically.. whether it takes 10, 50, 100, 500 or 1,000 hours of study may well vary from person to person and the kind of source materials they are studying.

Some folks have a lot of difficulties distinguishing between good information and bad information, and they might actually believe the sources of their bad information and believe that their bad information is good information, and so when they actually come across some accurate and informative information about bitcoin, they might skeptically conclude that the good information could not be true since it conflicts with what they believe to be credible sources.

I was listening to a program earlier today about how the greedy companies are gouging consumers by raising their food prices, and so it can sometimes be difficult to realize that money printer go bbbbbrrrrrrr is way more blame worthy than what normies want to give governments more power to control prices - which surely does not seem to be a good solution, and I am not even anti-government, yet we likely should realize that it becomes problematic to have too many controls in place, even though maybe it becomes difficult to get rid of the controls .. so bitcoin and bitcoiners are going to sometimes end up being targeted as part of the problem rather than part of the solution... which still gets us back to either having information available but also having abilities to sort through good information versus not so good information... and we are all not going to agree.. but at the same time do we have rights and/or abilities to disagree or are we told what we are supposed to think and are we accepting of being told what to think.. and do we realize when we are being told what to think versus engaging in our own abilities to critically think about what might really be in our own best interests.

Many a times we have wrong idea about something without knowing the correct and complete information about that thing and fall into confused situation. Many of us have not been able to collect and master the correct information about Bitcoin yet, but we are carrying various misconceptions about Bitcoin in our minds.

There are many people who have a tendency to spread false and misleading information about a subject without knowing the correct and complete information about it. I think that acquiring knowledge or collecting information about a subject should be reserved only for the experienced and knowledgeable person of the society. Because, they never want to be misled by wrong information. Do you think so?

 My knowledge of Bitcoin is very poor. From where and how can I get the right knowledge?

The truth about most people is that when they don't have interest on particular thing they tend to make it look like is totally wrong for people to venture into, however in a case of Bitcoin I have seen so many people who are always skeptical about Bitcoin investment when they don't even have knowledge about it but they talk bad against it as if they know what Bitcoin represents, so it actually very comon for people and besides in as much as Bitcoin is a very good investment to venture into do to it potentials but there is no way everybody will generally accept Bitcoin, so we that believe in Bitcoin and it potential we know that those that doesn't accept Bitcoin are making a very big mistake because there would come a time when they will wish to had utilized the opportunity while they can because most of the people now that are heavily investing on Bitcoin now, there was a time they never had interest on buying Bitcoin but after how far Bitcoin has gone they began to realize there mistakes and start investing, so perhaps I believe that's what will continue to happen as time goes by people will keep realizing the need for them to venture into Bitcoin.

Usually people always got interested to fast profit earning activities and been skeptical to long term investment since we can't blame them to think about that since there's a lot of scams introduced to them plus they are truly afraid on bitcoin volatility since they don't know what to do if said incident occur. But everything can be learn and for sure if this people will be so consistent joining on good discussions and can able to do good research about how good is to hodl their bitcoin compare to trading it or put it on ponzi schemes for sure this people will not look for short them venture but they always look forwards on what future could possibly bring to them especially when they have bitcoin investment for long time.

[Chibit01]

There are shitcoiners with legitimate confusion, and they might think that they already know about bitcoin or they know enough about bitcoin.. so frequently a person will not know what they don't know, so even smart people can get sucked into various shitcoin talking points without actually realizing that they have little to no clue in regards to what bitcoin is.

That's very true some persons actually think they know about bitcoin and would even engage in conversations about it but don't realise that they don't know what they are supposed to know like the empowerment side of bitcoin and how it is a better asset than other shitcoins.

Another thing is that there likely are a lot of people who have heard of the word bitcoin, and they might think that they have some kind of a decent idea what it is, yet merely hearing the word and sometimes hearing some mainstream rendition of what it is, is not enough to actually realize actually what bitcoin is.. and so actually understanding ideas of sound money might be a bit more foreign to people than we presume such a topic as "common sense" when there are a lot of ways that people can get sucked into believing they know more than they do, and it may well be a good idea for some of them to actually spend a bit of time really studying bitcoin specifically.. whether it takes 10, 50, 100, 500 or 1,000 hours of study may well vary from person to person and the kind of source materials they are studying.

IMO I think from what yoir saying there is a lesson that everyone needs to do some personal research to learn more about bitcoin and have an understanding of how it works and best to approach it, but another thing is how can these new persons understand what is a good knowledge from bad knowledge since they most likely don't know or have any idea on how to differentiate good knowledge from bad knowledge and most influenecers on social media or sources of knowledge they trust can also carry a lot of misleading information that would potentially lead them astray to shitcoins or even gambling practices like buying at low price and selling at high price, there are very few sources of good information with regards to bitcoin online, unless maybe some other communities like this forum, that information goes through confirmation from a lot of persons.

Some folks have a lot of difficulties distinguishing between good information and bad information, and they might actually believe the sources of their bad information and believe that their bad information is good information, and so when they actually come across some accurate and informative information about bitcoin, they might skeptically conclude that the good information could not be true since it conflicts with what they believe to be credible sources.

What I think is people often believe what they think would favour them and not the harsh truth, swaying words that woudl promise them huge profits would definitely sound better than someone teaching then how to build it slowly through proper planning and accumulation, so most times I still blame the reader or seekers of information cause they chose what they feel is best for them without taking time to properly validate those information if they are misleading or not.

In the end, we likely can realize that not enough people know or understand bitcoin, otherwise more people would own bitcoin.. so yeah.,. too bad that we are still in the ballpark of 1%-ish adoption.. .so people don't even realize that it is to their best interest to learn about bitcoin and get some.. and so any of us who are already in such process, we are likely 10-15 years ahead of the masses coming into bitcoin - even though there are surely some rich people who are coming into bitcoin and hoarding all the coins, but you cannot stop people from coming in and front loading their investment into BTC, just like you cannot force normies to learn about bitcoin and to get the fuck started out of their own best interest (that they don't realize),

You are really right! Those of us who keep an eye on the threads try to understand and explain, but at the end of the day, I feel like I don't understand anything. Although I was a student of economics. In fact, whether we are good students or bad students, the field of work is a different world to me here your exposure to elements that destroy my freedom does not allow the development of many talents. Not only this happens to me but to many people around me especially those who work under others. I may be trying to solidify the association of BTC with its economic value in the new state but space is limited. I also know it can grow in size over time but it will require burning a lot of wood.

and so each person has to come to bitcoin at his/her own pace and when s/he finally figures out that it is in his/her best interest to get some.

In all cases the beginning is not good, when we were young we were more focused on sports than studies. Parents have dragged us so far by force. However, those of us who are trying to study at BTC must return home with something good for ourselves. In my best interest.

When it comes to differentiating between "Shitcoin" and "bitcoin," it's important to understand their informal meanings in the cryptocurrency community:

- Shitcoin: This term is often used informally to refer to cryptocurrencies that are considered low-quality, unreliable, or potentially fraudulent. Shitcoins may lack a solid foundation, have little to no real-world use, or be associated with deceptive practices......

- bitcon: bitcoin is a term used to describe any cryptocurrency other than altcoin. It stands for "alternative coin." Bitcoin is  a wide range of cryptocurrencies, which has  its own unique features, purposes, and technologies. Which happened to be the Most popular coin right away.....

Bitcoin" is a general term for any cryptocurrency other than any other coins "Shitcoin" is a more colloquial and derogatory term used to express skepticism or criticism towards certain cryptocurrencies. It's essential to conduct thorough research and exercise caution when considering investments in any cryptocurrency......

So in this case you can not in any way compare the both together.. bitcoin has always become the best and sophisticated coin that no other shit coins can compare or context with in any way or value.....

[Marvelockg]

- bitcon: bitcoin is a term used to describe any cryptocurrency other than altcoin. It stands for "alternative coin." Bitcoin is  a wide range of cryptocurrencies, which has  its own unique features, purposes, and technologies. Which happened to be the Most popular coin right away.....

wow! It's funny how you don't even understand the difference between Bitcoin and altcoin and you're trying to school another with a false information that obviously shows you've not gotten your basics right. Bitcoin is Bitcoin and never any other cryptocurrency other than altcoin. As a matter of fact you're making a reversal of what you should have said. Altcoin where just modeled after Bitcoin and thier wouldn't have been anything like cryptocurrency if Bitcoin is out of the equating so just do your research and get your fact right before jumping into conclusion. I still find everything you've said out their so irritating and confusing and it seems you're mixing a whole lot of things together to generalize on what you assume Bitcoin to be.

Bitcoin" is a general term for any cryptocurrency other than any other coins "Shitcoin" is a more colloquial and derogatory term used to express skepticism or criticism towards certain cryptocurrencies. It's essential to conduct thorough research and exercise caution when considering investments in any cryptocurrency......

this is obviously another error you've just dumped here and I find it disrespectful to even assume that Bitcoin is just a mere term that describes any other coin apart from shitcoin. Shitty coin and every other cryptocurrency where developed after Bitcoin become popular and I think you should get that right so you wouldn't be mixing this up. It's actually Bitcoin standing on it own and every other shitty thing you have out thier is just a mere strategy to create something that looks like Bitcoin.

So in this case you can not in any way compare the both together.. bitcoin has always become the best and sophisticated coin that no other shit coins can compare or context with in any way or value.....

maybe I will agree with you on this part. Bitcoin stands out as the most reliable decentralized finance that has multiple of functions ranging from it provision of ease in making international transaction easy and convininece and also serves as an investible asset that when stored will give incentive due to it limited number in circulation and the incresing number of adoption and greater number of users that are trooping into th network thereby increasing it demand and bringing a proportionate increase in it value. Altcoin and shitcoins are far from getting to this point and investing into most of them and holding on to them the same way you're holding on to your Bitcoin will indirectly mean you're joky investment.

[Mayor of ogba]

.....and other thigns like having an emergency fund which at times would take 3 months or 6months of income to build and having reserves and floats to carry around that would help us have a financial cushioin and maximise our investment in bitcoin.

I understand what you are saying, Dorkylickjj .. but it is still unclear..

Technically, you are correct.

An emergency fund it 3-6 months worth of income - yet more accurately, an emergency fund would be 3-6 months of expenses, and sure if you build up an amount of an emergency fund that is actually 3 months of your income, then it likely should end up going a little bit longer than 3 months - depending upon if you might be able to reduce your expenses during any actual emergency that would end up taking place... and if anyone ends up having an actual emergency, he likely is going to dread if he were to ONLY have 3 months and wished that he were to have more, yet we know that it likely tends to take quite a bit of resources to build up an emergency fund, even one as small as 3 months.. yet it is something that really provides a lot of security and ability to take greater risks and to be more aggressive in terms of investing into something like bitcoin.. ..

Another thing is that many of us likely imagine that if we are brand new to investing and we are living in a way similar to many people, we might start out with only 2-4 weeks worth of float, reserves and/or emergency funds, and so we might have frequently considered that 2-4 weeks is quite a bit of "extra cash" just sitting around and just there  for various shortages in cashflow, and we might be able to get by for years and years and years with such pracices of sparsely maintaining savings and/or any emergency fund.

So if we are wanting to build up our current emergency fund, float, reserves to be at least 3 months and likely to have a bit more than 3 months in there, then it well could take us 6-18 months to build it up to such higher levels.. .. just depending on how much discretionary income that we have and if we might simultaneously be wanting to get started investing into bitcoin and building our emergency fund, reserves and float at the same time that we are making our earliest investments into bitcoin and sat stacking.

I think I'm getting closer to having a better understanding of this, the larger your emergency fund is the more financial cushioin you have for investing into bitcoin and let's say that I have been building up an emergency fund for up three months from my income like about 5% going into that and I'm investing a total of 15% weekly into bitcoin, then my emergency funds would actually need a higher time to mature to be a good financial cushioin for me in my investing or do you feel its a good idea to make them equal, allocating equal amount to both building up emergency funds and investing in bitcoin, since my investment is technically unsafe if I don't have a good emergency fund, and yeah I'm just well above 20, still in collage so I don't think I can cut down my expenses any further than I am able to.

You are right; a good emergency fund will help you hold your bitcoin for the long term because it will be enough to take care of your unforeseen problems, and you will not think about selling your bitcoin to solve those problems. Since you are still in college, I will advise you to reduce the money you will be using to accumulate Bitcoin weekly to 10% and increase your emergency money to 10% so that it will be enough to care for your unforeseen problems and allow you to hold your bitcoin for the long term.

[Chibit01]

- bitcon: bitcoin is a term used to describe any cryptocurrency other than altcoin. It stands for "alternative coin." Bitcoin is  a wide range of cryptocurrencies, which has  its own unique features, purposes, and technologies. Which happened to be the Most popular coin right away.....

wow! It's funny how you don't even understand the difference between Bitcoin and altcoin and you're trying to school another with a false information that obviously shows you've not gotten your basics right. Bitcoin is Bitcoin and never any other cryptocurrency other than altcoin. As a matter of fact you're making a reversal of what you should have said. Altcoin where just modeled after Bitcoin and thier wouldn't have been anything like cryptocurrency if Bitcoin is out of the equating so just do your research and get your fact right before jumping into conclusion. I still find everything you've said out their so irritating and confusing and it seems you're mixing a whole lot of things together to generalize on what you assume Bitcoin to be.

Bitcoin" is a general term for any cryptocurrency other than any other coins "Shitcoin" is a more colloquial and derogatory term used to express skepticism or criticism towards certain cryptocurrencies. It's essential to conduct thorough research and exercise caution when considering investments in any cryptocurrency......

this is obviously another error you've just dumped here and I find it disrespectful to even assume that Bitcoin is just a mere term that describes any other coin apart from shitcoin. Shitty coin and every other cryptocurrency where developed after Bitcoin become popular and I think you should get that right so you wouldn't be mixing this up. It's actually Bitcoin standing on it own and every other shitty thing you have out thier is just a mere strategy to create something that looks like Bitcoin.

So in this case you can not in any way compare the both together.. bitcoin has always become the best and sophisticated coin that no other shit coins can compare or context with in any way or value.....

maybe I will agree with you on this part. Bitcoin stands out as the most reliable decentralized finance that has multiple of functions ranging from it provision of ease in making international transaction easy and convininece and also serves as an investible asset that when stored will give incentive due to it limited number in circulation and the incresing number of adoption and greater number of users that are trooping into th network thereby increasing it demand and bringing a proportionate increase in it value. Altcoin and shitcoins are far from getting to this point and investing into most of them and holding on to them the same way you're holding on to your Bitcoin will indirectly mean you're joky investment.

It might just be misplacement of words but please don't found it disrespectful because I am just learning thesame way you are learning obviously you might be a professional but I am actually sorry for missing things but I am only been true and original here maybe I just have to go back to my drawing board and check my work very well....

And thanks for calling my notice that I have to check my work before posting them thanks comrade

[I_Anime]

- bitcon: bitcoin is a term used to describe any cryptocurrency other than altcoin. It stands for "alternative coin." Bitcoin is  a wide range of cryptocurrencies, which has  its own unique features, purposes, and technologies. Which happened to be the Most popular coin right away.....

wow! It's funny how you don't even understand the difference between Bitcoin and altcoin and you're trying to school another with a false information that obviously shows you've not gotten your basics right. Bitcoin is Bitcoin and never any other cryptocurrency other than altcoin. As a matter of fact you're making a reversal of what you should have said. Altcoin where just modeled after Bitcoin and thier wouldn't have been anything like cryptocurrency if Bitcoin is out of the equating so just do your research and get your fact right before jumping into conclusion. I still find everything you've said out their so irritating and confusing and it seems you're mixing a whole lot of things together to generalize on what you assume Bitcoin to be.

Bitcoin" is a general term for any cryptocurrency other than any other coins "Shitcoin" is a more colloquial and derogatory term used to express skepticism or criticism towards certain cryptocurrencies. It's essential to conduct thorough research and exercise caution when considering investments in any cryptocurrency......

this is obviously another error you've just dumped here and I find it disrespectful to even assume that Bitcoin is just a mere term that describes any other coin apart from shitcoin. Shitty coin and every other cryptocurrency where developed after Bitcoin become popular and I think you should get that right so you wouldn't be mixing this up. It's actually Bitcoin standing on it own and every other shitty thing you have out thier is just a mere strategy to create something that looks like Bitcoin.

So in this case you can not in any way compare the both together.. bitcoin has always become the best and sophisticated coin that no other shit coins can compare or context with in any way or value.....

maybe I will agree with you on this part. Bitcoin stands out as the most reliable decentralized finance that has multiple of functions ranging from it provision of ease in making international transaction easy and convininece and also serves as an investible asset that when stored will give incentive due to it limited number in circulation and the incresing number of adoption and greater number of users that are trooping into th network thereby increasing it demand and bringing a proportionate increase in it value. Altcoin and shitcoins are far from getting to this point and investing into most of them and holding on to them the same way you're holding on to your Bitcoin will indirectly mean you're joky investment.

It might just be misplacement of words but please don't found it disrespectful because I am just learning thesame way you are learning obviously you might be a professional but I am actually sorry for missing things but I am only been true and original here maybe I just have to go back to my drawing board and check my work very well....

And thanks for calling my notice that I have to check my work before posting them thanks comrade

well we all are humans making mistakes is like normal to us but not learning from it is pretty bad , Marvelockg was right most of of this are actually misleading. So to avoid such we must take our time to learn more and ask questions than assuming we knows it all already, and always to do some research thoroughly before posting or passing out any information inorder to avoid misleading of others.

Well Bitcoin is far more different from other coins, Bitcoin is not cryptocurrencies itself, But cryptocurrencies Is the general term use for all degital coin. So Bitcoin is bitcoin while other coins are altcoins, so there's no need for anyone to compare any other coins to bitcoin . Bitcoin its own potential, so don't let any one mislead you with the thought that most altcoins have the potential to grow like Bitcoin (which not true at all). Bitcoin can never be same level with other coins. That why you have to invest wisely, which investing in bitcoin.


Before I forget Chibit01 is nice how you admits you where wrong , so all we have to is keep learning from our mistakes as we learn together.

[Chibit01]

- bitcon: bitcoin is a term used to describe any cryptocurrency other than altcoin. It stands for "alternative coin." Bitcoin is  a wide range of cryptocurrencies, which has  its own unique features, purposes, and technologies. Which happened to be the Most popular coin right away.....

wow! It's funny how you don't even understand the difference between Bitcoin and altcoin and you're trying to school another with a false information that obviously shows you've not gotten your basics right. Bitcoin is Bitcoin and never any other cryptocurrency other than altcoin. As a matter of fact you're making a reversal of what you should have said. Altcoin where just modeled after Bitcoin and thier wouldn't have been anything like cryptocurrency if Bitcoin is out of the equating so just do your research and get your fact right before jumping into conclusion. I still find everything you've said out their so irritating and confusing and it seems you're mixing a whole lot of things together to generalize on what you assume Bitcoin to be.

Bitcoin" is a general term for any cryptocurrency other than any other coins "Shitcoin" is a more colloquial and derogatory term used to express skepticism or criticism towards certain cryptocurrencies. It's essential to conduct thorough research and exercise caution when considering investments in any cryptocurrency......

this is obviously another error you've just dumped here and I find it disrespectful to even assume that Bitcoin is just a mere term that describes any other coin apart from shitcoin. Shitty coin and every other cryptocurrency where developed after Bitcoin become popular and I think you should get that right so you wouldn't be mixing this up. It's actually Bitcoin standing on it own and every other shitty thing you have out thier is just a mere strategy to create something that looks like Bitcoin.

So in this case you can not in any way compare the both together.. bitcoin has always become the best and sophisticated coin that no other shit coins can compare or context with in any way or value.....

maybe I will agree with you on this part. Bitcoin stands out as the most reliable decentralized finance that has multiple of functions ranging from it provision of ease in making international transaction easy and convininece and also serves as an investible asset that when stored will give incentive due to it limited number in circulation and the incresing number of adoption and greater number of users that are trooping into th network thereby increasing it demand and bringing a proportionate increase in it value. Altcoin and shitcoins are far from getting to this point and investing into most of them and holding on to them the same way you're holding on to your Bitcoin will indirectly mean you're joky investment.

It might just be misplacement of words but please don't found it disrespectful because I am just learning thesame way you are learning obviously you might be a professional but I am actually sorry for missing things but I am only been true and original here maybe I just have to go back to my drawing board and check my work very well....

And thanks for calling my notice that I have to check my work before posting them thanks comrade

well we all are humans making mistakes is like normal to us but not learning from it is pretty bad , Marvelockg was right most of of this are actually misleading. So to avoid such we must take our time to learn more and ask questions than assuming we knows it all already, and always to do some research thoroughly before posting or passing out any information inorder to avoid misleading of others.

Well Bitcoin is far more different from other coins, Bitcoin is not cryptocurrencies itself, But cryptocurrencies Is the general term use for all degital coin. So Bitcoin is bitcoin while other coins are altcoins, so there's no need for anyone to compare any other coins to bitcoin . Bitcoin its own potential, so don't let any one mislead you with the thought that most altcoins have the potential to grow like Bitcoin (which not true at all). Bitcoin can never be same level with other coins. That why you have to invest wisely, which investing in bitcoin.


Before I forget Chibit01 is nice how you admits you where wrong , so all we have to is keep learning from our mistakes as we learn together.

thanks  to you all  it is very necessary I acknowledge my mistakes then make amends from it because am willing to learn to the core thanks to all th comrade in the house