Buy the DIP, and HODL!

[Dailyscript]

Re: Buy every dip!
Re: Buy the DIP, and HODL!
Re: Buy every dip, and HODL!
Re: Buy Bitcoin, and HODL!
So you can take a look at it for yourself @wind fury, I just think you return this thread to buy the dip and HODl which has created a popularity and dominated in the forum and has captivated the minds of people here.

You're right here. Sometimes i jump into here to continue conversations with my good forks regarding my investment, but i don't get to feel the connection anymore just like i did previously. I dont know if it is just me but i hardly come here because the conversations and dialogue seem to be going in a different direction which is unlike what i need to knw.

Jay~ can attest to this, Buy the dip and HODL! should be the name of this thread. Many persons with good and interesting replies have left this thread because it seems there is nothing interesting to talk about here. @Windfury I respect your decision to change the topic of the thread, but i think it was quick and we didn't see it coming. What more can I say if not to plead you should do the needful? Thank you in advance.

[Wind_FURY]

OK, at first I told myself that why is changing the title of the topic so unpopular - it's merely a title. I felt there was some pressure towards me to change it back to "Buy the DIP, and HODL". But why would I be pressured of it's merely a title?

¯\_(ツ)_/¯

Changed.

It's a mere title as we can say, but there is much to it, the knowledge it has impacted too many, for everyone to learn how to buy the dip and hodl!

I can't be thankless for the kind of knowledge of crypto investment I have nurtured in me since I came into contact with the discussion thread of "buy the dip and hodl!''

I want to use the opportunity to openly thank you for creating this wonderful post thread, allowing open discussion for everyone to learn and share their viewpoint on the subject matter.

Having said that, I am not forgetting to thank JayJuanGee for his undiluted contribution and knowledge breakdown of what someone should know about buy the dip and hhold He rocks with the knowledge of crypto, making the majority of the forum members always stick to his analysis of the crypto market, by way of sticking to bitcoin alone not on shitcoins as he always classified altcoins.

Hopefully, neither I nor anyone else in this thread is talking about some kind of vague phenomena, such as "crypto," since without some kind of a more specific reference, I don't even know what that is, unless there is some kind of a reference.. so frequently, I am going to suggest to use the word bitcoin if that is what you are talking about.  Is there any need to use the term "crypto" if you are trying to refer to something related to bitcoin, unless you are trying to cause confusion, misleading people with vagueness, or just talking gobble-dee-gook, and there is no need to try to sound smart by using some term that supposedly captures some kind of a broader phenomena, when there is no such thing that exists.. yeah, people use such nonsense terms like crypto and maybe they are even smart people, but do we know what they are talking about and wouldn't it be better if they were to specify about what they were talking about and how that might relate to bitcoin or even within this thread to relate to the topic of this thread, which is bitcoin.

So, yeah there may well be things that are going on in the shitcoin space that might cause us to want to be aware of various shitcoins, yet hopefully we are mostly focusing on bitcoin in terms of our use of various long term investment and accumulation strategies.. since in the shitcoin space (which might be what you are referring to when you use the term "crypto"?).. .may well have some other considerations, and it may be a lot more difficult to justify long term HODLing and/or accumulation techniques when it comes to shitcoins, and even if you might have some ideas on such coins .. they are not part of this discussion, since if we were to get into discussions of which shitcoins are less shitty, then when are we going to stop? 

At least in terms of the discussion of this particular thread, it seems better to either just say no to any discussion of any shitcoins, unless there is some point that relates to bitcoin or to just dismiss all of the shitcoins in a denigrating way.. which also may or may not be necessary, but sometimes, might be helpful in terms of keeping our discussion and focus on bitcoin.. and since we already have enough areas of discussion, just talking about bitcoin, so why waste our time, monies or energies getting at all involved in shitcoin considerations (which is another way of saying "crypto"), especially in this thread.

Ser JJG, I have a question for you and your valued opinion is truly needed.

There's a project called "Bamk" that utilizes the Runes protocol on top of Bitcoin to build a Synthetic Dollar - a stablecoin. Everything will be onchain, and it could be traded without the need to deposit your Bitcoins to a centralized party, like exchanges.

What are your opinions on such a project? Is it good, or bad, or neutral?

[Samlucky O]

Re: Buy every dip!
Re: Buy the DIP, and HODL!
Re: Buy every dip, and HODL!
Re: Buy Bitcoin, and HODL!
So you can take a look at it for yourself @wind fury, I just think you return this thread to buy the dip and HODl which has created a popularity and dominated in the forum and has captivated the minds of people here.

You're right here. Sometimes i jump into here to continue conversations with my good forks regarding my investment, but i don't get to feel the connection anymore just like i did previously. I dont know if it is just me but i hardly come here because the conversations and dialogue seem to be going in a different direction which is unlike what i need to knw.

Jay~ can attest to this, Buy the dip and HODL! should be the name of this thread. Many persons with good and interesting replies have left this thread because it seems there is nothing interesting to talk about here. @Windfury I respect your decision to change the topic of the thread, but i think it was quick and we didn't see it coming. What more can I say if not to plead you should do the needful? Thank you in advance.

OK, at first I told myself that why is changing the title of the topic so unpopular - it's merely a title. I felt there was some pressure towards me to change it back to "Buy the DIP, and HODL". But why would I be pressured if it's merely a title?

¯\_(ツ)_/¯

Changed.

This was the exact word used by @wind fury, this implies that the thread has been updated to the original one we all want, just that you didn't Futher read more to see this part of his response before replying, otherwise you would have seen that it has been long changed before you commented. I have seen that apart from you not realising it I have seen most people still commenting on this same issue which has been resolved so I want to also use this medium to tell others that may be replying this same post which has been corrected to stop from hence otherwise it may become spamming or also can be problematic. When a problem has been resolved it shouldn't be repeated anymore. I respect you @wind fury to be that humble to just returned this thread to , Buy the dip and HODL!  without agument, I know some folks will still be agitative and agumental if told to change it if they where in your shoes, but sence humility and respect speaks in you, so I applaud you for that.

[Uhwuchukwu53]

Re: Buy every dip!
Re: Buy the DIP, and HODL!
Re: Buy every dip, and HODL!
Re: Buy Bitcoin, and HODL!
So you can take a look at it for yourself @wind fury, I just think you return this thread to buy the dip and HODl which has created a popularity and dominated in the forum and has captivated the minds of people here.

You're right here. Sometimes i jump into here to continue conversations with my good forks regarding my investment, but i don't get to feel the connection anymore just like i did previously. I dont know if it is just me but i hardly come here because the conversations and dialogue seem to be going in a different direction which is unlike what i need to knw.

Jay~ can attest to this, Buy the dip and HODL! should be the name of this thread. Many persons with good and interesting replies have left this thread because it seems there is nothing interesting to talk about here. @Windfury I respect your decision to change the topic of the thread, but i think it was quick and we didn't see it coming. What more can I say if not to plead you should do the needful? Thank you in advance.

OK, at first I told myself that why is changing the title of the topic so unpopular - it's merely a title. I felt there was some pressure towards me to change it back to "Buy the DIP, and HODL". But why would I be pressured if it's merely a title?

¯\_(ツ)_/¯

Changed.

This was the exact word used by @wind fury, this implies that the thread has been updated to the original one we all want, just that you didn't Futher read more to see this part of his response before replying, otherwise you would have seen that it has been long changed before you commented. I have seen that apart from you not realising it I have seen most people still commenting on this same issue which has been resolved so I want to also use this medium to tell others that may be replying this same post which has been corrected to stop from hence otherwise it may become spamming or also can be problematic. When a problem has been resolved it shouldn't be repeated anymore. I respect you @wind fury to be that humble to just returned this thread to , Buy the dip and HODL!  without agument, I know some folks will still be agitative and agumental if told to change it if they where in your shoes, but sence humility and respect speaks in you, so I applaud you for that.

I must commend his efforts to given listening ear to the people it show he has great concerned to people feeling and complain when issue arise in his disposal, actually many some time only go through a heading of text without reading to the end I believe that would also be a course of some misinterpretation of most text or post, there are some name  that is very hard to change, any name that has make high level of popularity is always hard even in other part of business world even some privatized company for example Twitter which is currently X most people hardly know it as X the popularity it has created in the mind of people as Twitter hardly make some person to identify it. So it's to many things the initial always registered in peoples mind it become stress for the them when changed, the return is very good.

[Dailyscript]

Ser JJG, I have a question for you and your valued opinion is truly needed.

There's a project called "Bamk" that utilizes the Runes protocol on top of Bitcoin to build a Synthetic Dollar - a stablecoin. Everything will be onchain, and it could be traded without the need to deposit your Bitcoins to a centralized party, like exchanges.

What are your opinions on such a project? Is it good, or bad, or neutral?

I know this question was directed to JJG. Permit to share my opinion here and correct me JJG if am wrong.

The idea is an impressive work by the Bank project since the aim is to eliminate the process of passing through the centralized exchange counterparty risk which has been the fear of many investors for some years now. However, when I hear about such a project the first question I ask myself is, how do they intend to implement it and keep transparency? Is the Bank project open source so that one can see vulnerabilities or manipulation that is kept secret?

Another concern is how will the Synthetic Dollar maintain its peg to the US dollar, am only being concern because we have seen most de-pegging events in other project which has led to losses for investors. If you have more information about the Bank project or a link to the source remember to share them here so that we can brainstorm together and see a brighter picture of what the Bank project potential.

[Salahmu]

Sometimes i jump into here to continue conversations with my good forks regarding my investment, but i don't get to feel the connection anymore just like i did previously. I dont know if it is just me but i hardly come here because the conversations and dialogue seem to be going in a different direction which is unlike what i need to knw.

Jay~ can attest to this, Buy the dip and HODL! should be the name of this thread. Many persons with good and interesting replies have left this thread because it seems there is nothing interesting to talk about here. @Windfury I respect your decision to change the topic of the thread, but i think it was quick and we didn't see it coming. What more can I say if not to plead you should do the needful? Thank you in advance.

Well what I will only say is that it doesn't really matter if the topic was changed to another title or not because it doesn't affect our judgment on investing on Bitcoin but however just like @JayJuanGee mentioned, irrespective of any title we can possibly use but it will be better we stick on the first title because there are people who still utilize the method of buying at Dip, and at the same time continuing there DCA method of accumulation because I believe that there are people here that has been accumulating Bitcoin for long while there are some that just started there investment journey so perhaps they can be able to understand the best strategy that would be okay for them. So perhaps the major concern shouldn't be the title but how the beginners will make use of those strategies explained in other to be sufficient on there investment in the future.

[avp2306]

Sometimes i jump into here to continue conversations with my good forks regarding my investment, but i don't get to feel the connection anymore just like i did previously. I dont know if it is just me but i hardly come here because the conversations and dialogue seem to be going in a different direction which is unlike what i need to knw.

Jay~ can attest to this, Buy the dip and HODL! should be the name of this thread. Many persons with good and interesting replies have left this thread because it seems there is nothing interesting to talk about here. @Windfury I respect your decision to change the topic of the thread, but i think it was quick and we didn't see it coming. What more can I say if not to plead you should do the needful? Thank you in advance.

Well what I will only say is that it doesn't really matter if the topic was changed to another title or not because it doesn't affect our judgment on investing on Bitcoin but however just like @JayJuanGee mentioned, irrespective of any title we can possibly use but it will be better we stick on the first title because there are people who still utilize the method of buying at Dip, and at the same time continuing there DCA method of accumulation because I believe that there are people here that has been accumulating Bitcoin for long while there are some that just started there investment journey so perhaps they can be able to understand the best strategy that would be okay for them. So perhaps the major concern shouldn't be the title but how the beginners will make use of those strategies explained in other to be sufficient on there investment in the future.

Maybe for betterment of all and maybe its best to follow what majority like. If they want to change the title of the thread base on the current event then its fine. Anyways it can make the discussion became more interesting since for sure that lots of people will engage on the thread if they see that the title is interesting to read.

Strategies discussions will follow as for sure that many people will mentioned that especially if the flow of discussion became more deeper and many people will tackled up those great strategies that people should use or at least try. Title is actually not a big concern but for sure people is up for the learnings they could able to get since there are nice idea has been shared by lots of people.

[wmaurik]

Ser JJG, I have a question for you and your valued opinion is truly needed.

There's a project called "Bamk" that utilizes the Runes protocol on top of Bitcoin to build a Synthetic Dollar - a stablecoin. Everything will be onchain, and it could be traded without the need to deposit your Bitcoins to a centralized party, like exchanges.

What are your opinions on such a project? Is it good, or bad, or neutral?

I tried to trace the project you mean "Bamk" and what I saw was that the price was still too low with the supply and market cap already quite high. I got a little information about the project at https://magiceden.io/runes/BAMK but if that's not what you mean I don't know where else to look because I've never heard of a project like this before so can't give an assessment which is more precise. However, for now it seems worth exploring because who knows, it could be an opportunity to make a profit from it, especially considering that the price is still very low, which of course is also very affordable if you want to buy it now.

[Mayor of ogba]

OK, at first I told myself that why is changing the title of the topic so unpopular - it's merely a title. I felt there was some pressure towards me to change it back to "Buy the DIP, and HODL". But why would I be pressured of it's merely a title?

¯\_(ツ)_/¯

Changed.

It's a mere title as we can say, but there is much to it, the knowledge it has impacted too many, for everyone to learn how to buy the dip and hodl!

Yes, a lot of knowledge has been shared in this buy the dip and hodl discussion thread, and it has helped so many investors to be close to their bitcoin accumulation journey. If investors are so concerned about buying the bitcoin dip, they know the strategies they can combine that will allow them to buy the dip at any time it happens without finding it hard to do, and this is due to the knowledge shared here. This thread has helped me gain more knowledge and experience about the DCA strategy and the funds to keep in place that will guide me to accumulate the quantity of bitcoin I want to accumulate and hold it for the long term.

[Justbillywitt]

OK, at first I told myself that why is changing the title of the topic so unpopular - it's merely a title. I felt there was some pressure towards me to change it back to "Buy the DIP, and HODL". But why would I be pressured of it's merely a title?

¯\_(ツ)_/¯

Changed.

I'm so happy you changed the topic back to what it was before this thread will be more interesting and impactful especially to we the newbies, it was through the thread a lot of people choosed the strategy they are using in there Bitcoin accumulation and I believe without the DIP in this topic those discussion of different strategy won't come up.
I want to use this opportunity to thank everyone who has been participating very well in this thread and a special thanks to you Wind_FURY for creating such a wonderful topic has changed a lot of negative mindset and helped especially we the newbies and I will also love to thank JayJuanGee for all his wonderful contributions to this thread a lot of use the newbies always enjoy reading your write up it is so impactful.

I actually don't know what the problem is with the change to be frank. It's merely a title. But because many people in the topic wanted the title before "Buy Bitcoin, and HODL", then I could change it back as easily as I changed it before. It's not as important as some of the more informative posts made by many of you in this topic. I truly hope many of you are HODLing, and will have enough Bitcoin savings for the rest of your lives once Bitcoin surges to six digits.

I must appreciate you for returning the name back to what we used to know, "Buy the DIP and Hodl". This has shown that you are a leader who prioritize the interest of the people. I was one of the people who were very vocal in the change of name. Now that I have seen that the change has been effected, I also have to openly appreciate you too for listening to our plea.
For sure bitcoin will only reward those that are holders when it surges to six figures. Those that are not holding won't benefit from that. But it's not too late for them if they can start investing today.

[JayJuanGee]

[edited out]

Ser JJG, I have a question for you and your valued opinion is truly needed.

There's a project called "Bamk" that utilizes the Runes protocol on top of Bitcoin to build a Synthetic Dollar - a stablecoin. Everything will be onchain, and it could be traded without the need to deposit your Bitcoins to a centralized party, like exchanges.

What are your opinions on such a project? Is it good, or bad, or neutral?

I believe that it is not good to talk about those kinds of things in this thread unless we are merely attempting to relate the ideas to the topic of the thread, such as if such projects might contribute towards BTC price movements in either direction that might affect our ability to accumulate BTC or something like that.

Of course, for me, the more something relates to building on bitcoin, then the more that I am o.k. with getting involved with those projects, whether it is investment or promoting them, and yeah of course, many of us likely know that ordinals, inscriptions and runes are controversial, but they are structured in such a way that they end up being built upon bitcoin.. Yet surely some of the controversy in regards to those various projects (even though built on bitcoin) concerns the extent to which new tokens might be being created through such efforts, even though they might be pegged to satoshis.... so yeah, if there is not already a thread out there in regards to the specific project that you mention, then maybe a thread can be created. 

I understand that there have been various kinds of attempts at decentralized exchanges or ways that folks can attempt to interact with one another and perhaps being able to facilitate exchanges of bitcoin because they are able to interact directly and without anyone being able to stop them, such as Nostr being one of those kinds of communication mechanisms... so for sure, we continue to be in need of places to communicate without being able to be stopped (whether informational exchanges or monetary exchanges).. and yeah, bitcoin largely is a kind of information exchange that contains value, too.. .so systems built upon bitcoin and up having similar unstoppable qualities/characteristics, and so it would be difficult to be completely against any such thing that is claiming to be built upon bitcoin, even though we still might need to link over to some other topic or even to create a topic, if one does not already exist.

[Wind_FURY]

OK, at first I told myself that why is changing the title of the topic so unpopular - it's merely a title. I felt there was some pressure towards me to change it back to "Buy the DIP, and HODL". But why would I be pressured if it's merely a title?

¯\_(ツ)_/¯

Changed.

This was the exact word used by @wind fury, this implies that the thread has been updated to the original one we all want, just that you didn't Futher read more to see this part of his response before replying, otherwise you would have seen that it has been long changed before you commented. I have seen that apart from you not realising it I have seen most people still commenting on this same issue which has been resolved so I want to also use this medium to tell others that may be replying this same post which has been corrected to stop from hence otherwise it may become spamming or also can be problematic. When a problem has been resolved it shouldn't be repeated anymore. I respect you @wind fury to be that humble to just returned this thread to , Buy the dip and HODL!  without agument, I know some folks will still be agitative and agumental if told to change it if they where in your shoes, but sence humility and respect speaks in you, so I applaud you for that.

Believe me, ser. It wasn't being humble that made change the title of the topic back to "Buy the DIP, and HODL". I merely didn't care what the title was. I thought everybody was going to like the change because everyone is already discussing/debating buy the DIP and DCA, which both have their pros and cons, advantages and disadvantages, and their own trade-offs.

But OK, I'm happy if everyone is happy.

[Obim34]

OK, at first I told myself that why is changing the title of the topic so unpopular - it's merely a title. I felt there was some pressure towards me to change it back to "Buy the DIP, and HODL". But why would I be pressured if it's merely a title?

¯\_(ツ)_/¯

Changed.

This was the exact word used by @wind fury, this implies that the thread has been updated to the original one we all want, just that you didn't Futher read more to see this part of his response before replying, otherwise you would have seen that it has been long changed before you commented. I have seen that apart from you not realising it I have seen most people still commenting on this same issue which has been resolved so I want to also use this medium to tell others that may be replying this same post which has been corrected to stop from hence otherwise it may become spamming or also can be problematic. When a problem has been resolved it shouldn't be repeated anymore. I respect you @wind fury to be that humble to just returned this thread to , Buy the dip and HODL!  without agument, I know some folks will still be agitative and agumental if told to change it if they where in your shoes, but sence humility and respect speaks in you, so I applaud you for that.

Believe me, ser. It wasn't being humble that made change the title of the topic back to "Buy the DIP, and HODL". I merely didn't care what the title was. I thought everybody was going to like the change because everyone is already discussing/debating buy the DIP and DCA, which both have their pros and cons, advantages and disadvantages, and their own trade-offs.

But OK, I'm happy if everyone is happy.

Allow me extend this one more time, I preferred the other topic to this original one, "Buy the DIP, and HODL". The original topic was/is a good topic which led to diverse opinions on how we approach our accumulation process and the discussion went too broad which I felt the importance of why the topic was changed. Many strategies has been discussed under this thread, which doesn't suit perfectly to fit under same topic thread since they are of different opinions, patterns, risks and engagement. Buy Bitcoin, and HODL! covers a lot about all investment approaches which buying the DIP is certainly among.

[Reincarnated Sat]

OK, at first I told myself that why is changing the title of the topic so unpopular - it's merely a title. I felt there was some pressure towards me to change it back to "Buy the DIP, and HODL". But why would I be pressured if it's merely a title?

¯\_(ツ)_/¯

Changed.

This was the exact word used by @wind fury, this implies that the thread has been updated to the original one we all want, just that you didn't Futher read more to see this part of his response before replying, otherwise you would have seen that it has been long changed before you commented. I have seen that apart from you not realising it I have seen most people still commenting on this same issue which has been resolved so I want to also use this medium to tell others that may be replying this same post which has been corrected to stop from hence otherwise it may become spamming or also can be problematic. When a problem has been resolved it shouldn't be repeated anymore. I respect you @wind fury to be that humble to just returned this thread to , Buy the dip and HODL!  without agument, I know some folks will still be agitative and agumental if told to change it if they where in your shoes, but sence humility and respect speaks in you, so I applaud you for that.

Believe me, ser. It wasn't being humble that made change the title of the topic back to "Buy the DIP, and HODL". I merely didn't care what the title was. I thought everybody was going to like the change because everyone is already discussing/debating buy the DIP and DCA, which both have their pros and cons, advantages and disadvantages, and their own trade-offs.

But OK, I'm happy if everyone is happy.

I love what you did Wind_FURY by accepting to change the name since majority wanted it to be changed back to what it was before, you showed an attribute of selflessness and I must commend you for that. I have been going through this thread for some days now and it has really given me what I needed and I want to thank you for creating this wonderful thread that has impacted something in me and others too especially the newbies. Ever since I joined this forum some days ago I have gone through a lot of threads and I most say that this thread is one of the best thread to visit when one needs enlightenment about Bitcoin and the investment process.

[Wind_FURY]

[edited out]

Ser JJG, I have a question for you and your valued opinion is truly needed.

There's a project called "Bamk" that utilizes the Runes protocol on top of Bitcoin to build a Synthetic Dollar - a stablecoin. Everything will be onchain, and it could be traded without the need to deposit your Bitcoins to a centralized party, like exchanges.

What are your opinions on such a project? Is it good, or bad, or neutral?

[b)I believe that it is not good to talk about those kinds of things in this thread unless we are merely attempting to relate the ideas to the topic of the thread[/b], such as if such projects might contribute towards BTC price movements in either direction that might affect our ability to accumulate BTC or something like that.

Of course, for me, the more something relates to building on bitcoin, then the more that I am o.k. with getting involved with those projects, whether it is investment or promoting them, and yeah of course, many of us likely know that ordinals, inscriptions and runes are controversial, but they are structured in such a way that they end up being built upon bitcoin.. Yet surely some of the controversy in regards to those various projects (even though built on bitcoin) concerns the extent to which new tokens might be being created through such efforts, even though they might be pegged to satoshis.... so yeah, if there is not already a thread out there in regards to the specific project that you mention, then maybe a thread can be created. 

I understand that there have been various kinds of attempts at decentralized exchanges or ways that folks can attempt to interact with one another and perhaps being able to facilitate exchanges of bitcoin because they are able to interact directly and without anyone being able to stop them, such as Nostr being one of those kinds of communication mechanisms... so for sure, we continue to be in need of places to communicate without being able to be stopped (whether informational exchanges or monetary exchanges).. and yeah, bitcoin largely is a kind of information exchange that contains value, too.. .so systems built upon bitcoin and up having similar unstoppable qualities/characteristics, and so it would be difficult to be completely against any such thing that is claiming to be built upon bitcoin, even though we still might need to link over to some other topic or even to create a topic, if one does not already exist.

Actually, it could be related to the discussions in this topic. Because with Bamk's "Nakamoto Dollar", users can hold their Dollars in Bitcoin on-chain, and they could use it to buy the DIP or DCA to Bitcoin without leaving the Bitcoin blockchain. It's probably one of the more important uses of the Runes Protocol, and one that could definitely add value to the Bitcoin network.

[Felicity_Tide]

Ser JJG, I have a question for you and your valued opinion is truly needed.

There's a project called "Bamk" that utilizes the Runes protocol on top of Bitcoin to build a Synthetic Dollar - a stablecoin. Everything will be onchain, and it could be traded without the need to deposit your Bitcoins to a centralized party, like exchanges.

What are your opinions on such a project? Is it good, or bad, or neutral?

Edited out

Actually, it could be related to the discussions in this topic. Because with Bamk's "Nakamoto Dollar", users can hold their Dollars in Bitcoin on-chain, and they could use it to buy the DIP or DCA to Bitcoin without leaving the Bitcoin blockchain. It's probably one of the more important uses of the Runes Protocol, and one that could definitely add value to the Bitcoin network.

I understand the point you are trying to make, but purchasing the Nakamoto dollar almost sounds like a way of promoting the Runes like project which most people literally don't want to have a discussion about due to the controversy surrounding it. Assuming I want to purchase a Nakamoto dollar, don't I have to do that through a cex ?. The past two days hasn't been interesting, so I think we should just find a way to light up the discussion from where we stopped, but Incase you feel the Nakamoto dollar can serve greater importance, then there should be a little intro to how it can benefit users in buying Bitcoin inorder to trigger a discussion. Let's light up the discussion again.

[Justbillywitt]

[edited out]

Ser JJG, I have a question for you and your valued opinion is truly needed.

There's a project called "Bamk" that utilizes the Runes protocol on top of Bitcoin to build a Synthetic Dollar - a stablecoin. Everything will be onchain, and it could be traded without the need to deposit your Bitcoins to a centralized party, like exchanges.

What are your opinions on such a project? Is it good, or bad, or neutral?

I believe that it is not good to talk about those kinds of things in this thread unless we are merely attempting to relate the ideas to the topic of the thread, such as if such projects might contribute towards BTC price movements in either direction that might affect our ability to accumulate BTC or something like that.

Of course, for me, the more something relates to building on bitcoin, then the more that I am o.k. with getting involved with those projects, whether it is investment or promoting them, and yeah of course, many of us likely know that ordinals, inscriptions and runes are controversial, but they are structured in such a way that they end up being built upon bitcoin.. Yet surely some of the controversy in regards to those various projects (even though built on bitcoin) concerns the extent to which new tokens might be being created through such efforts, even though they might be pegged to satoshis.... so yeah, if there is not already a thread out there in regards to the specific project that you mention, then maybe a thread can be created.  

I understand that there have been various kinds of attempts at decentralized exchanges or ways that folks can attempt to interact with one another and perhaps being able to facilitate exchanges of bitcoin because they are able to interact directly and without anyone being able to stop them, such as Nostr being one of those kinds of communication mechanisms... so for sure, we continue to be in need of places to communicate without being able to be stopped (whether informational exchanges or monetary exchanges).. and yeah, bitcoin largely is a kind of information exchange that contains value, too.. .so systems built upon bitcoin and up having similar unstoppable qualities/characteristics, and so it would be difficult to be completely against any such thing that is claiming to be built upon bitcoin, even though we still might need to link over to some other topic or even to create a topic, if one does not already exist.

I was patiently waiting for your response on this. Your response is highly appreciated by my humble self. And I have taken some valuable insight from what you have just said. Just as @Wind_FURY rightly stated, your understanding about things as regarding bitcoin and other crypto projects are highly inspiring. Most times I come to this thread specifically to read your posts and responses to different posts, and never for once have I been disappointed. Sometimes I wonder if you are a professor. Lol...

[JayJuanGee]

[edited out]

I was patiently waiting for your response on this. Your response is highly appreciated by my humble self. And I have taken some valuable insight from what you have just said. Just as @Wind_FURY rightly stated, your understanding about things as regarding bitcoin and other crypto projects are highly inspiring. Most times I come to this thread specifically to read your posts and responses to different posts, and never for once have I been disappointed. Sometimes I wonder if you are a professor. Lol...

Of course, when folks are learning a topic, initially they can learn from anyone with more experience than them (and frequently they can also learn from folks who learn less then them), and as long as they are engaging in critical thinking and trying to continue to learn, they will likely find that they need to get exposure to more and more advanced folks in that field (whether we are talking about bitcoin or any other topic).  

Surely I have a lot of my own limitations in the knowledge that I have and whether I am still learning, yet probably I have some advantages due to the amount of time that I spent engaging with the bitcoin topic.. which has been quite a bit in the past 10 years - though surely not full-time and there have been times in which I have spent more time and times that I have taken breaks.  

At the same time, I still get quite confused by a lot of technical areas of bitcoin, and even though i have  learned some parts of various bitcoin technical areas over the years, I surely have my own limits in terms of being able to spend time learning some of the technical areas...

So I might have one opinion, and then learn that I do not understand that area enough, so in regards to Runes, I may end up waffling on that topic - because if there might be questions regarding whether new tokens are being created or might the Runes merely be used for the channeling of bitcoin transactions - so sometimes with the new topics, I have to take them with a grain of salt too... and I might not really understand the extent to which there are ongoing claims that ordinals, inscriptions and runes are being used as ways to attack bitcoin.. so not even my mind is clear on that.

Also we have to be careful in terms of including too many topics in a thread like this, even if this thread has become quite popular - especially in the last year.. I still get the sense that Runes are getting into a new topic, even if some of us might figure out ways to get involved in Runes to engage in actual bitcoin transactions... the topic of the thread is not really so much about our means for doing bitcoin transactions but more about if we are considering building up our bitcoin holdings and the various ways that we might end up buying bitcoin to build up our stashes and to increase our options (even once we might get to a point of having had built up our BTC stash, there may be some questions regarding whether we are still on topic to talk about what might come next.. in our bitcoin journey, which I believe should be maintenance and/or sustainable withdrawal)..

[Abbatty]

Of course, when folks are learning a topic, initially they can learn from anyone with more experience than them (and frequently they can also learn from folks who learn less then them), and as long as they are engaging in critical thinking and trying to continue to learn, they will likely find that they need to get exposure to more and more advanced folks in that field (whether we are talking about bitcoin or any other topic).  

Surely I have a lot of my own limitations in the knowledge that I have and whether I am still learning, yet probably I have some advantages due to the amount of time that I spent engaging with the bitcoin topic.. which has been quite a bit in the past 10 years - though surely not full-time and there have been times in which I have spent more time and times that I have taken breaks.  

I've been following this thread for a few weeks now, and even though I'm nervous to always make contributions, I've been able to learn a few things here simply by following the thread and reading through discussions. I've learned from not only you, but also members who are both higher and lower in rank than me. I realise that most people making contributions are more experienced, and i feel my contributions will be of low value to them.

I am not convinced with my limited knowledge yet, which is why I am spending more time in this topic and other beneficial threads soaking up every little knowledge I can find. I still need more exposure to bitcoin conversations to learn more about bitcoin so i can make valuable contributions in this thread to educate other people too.

I have read some articles and books about bitcoin but sometimes engaging in discussions with more experienced people will widen your knowledge even further.

[Bravut]

Of course, when folks are learning a topic, initially they can learn from anyone with more experience than them (and frequently they can also learn from folks who learn less then them), and as long as they are engaging in critical thinking and trying to continue to learn, they will likely find that they need to get exposure to more and more advanced folks in that field (whether we are talking about bitcoin or any other topic).  

Surely I have a lot of my own limitations in the knowledge that I have and whether I am still learning, yet probably I have some advantages due to the amount of time that I spent engaging with the bitcoin topic.. which has been quite a bit in the past 10 years - though surely not full-time and there have been times in which I have spent more time and times that I have taken breaks.  

I've been following this thread for a few weeks now, and even though I'm nervous to always make contributions, I've been able to learn a few things here simply by following the thread and reading through discussions. I've learned from not only you, but also members who are both higher and lower in rank than me. I realise that most people making contributions are more experienced, and i feel my contributions will be of low value to them.

I am not convinced with my limited knowledge yet, which is why I am spending more time in this topic and other beneficial threads soaking up every little knowledge I can find. I still need more exposure to bitcoin conversations to learn more about bitcoin so i can make valuable contributions in this thread to educate other people too.

I have read some articles and books about bitcoin but sometimes engaging in discussions with more experienced people will widen your knowledge even further.

True.
Well said, Mate. You participating is what will widen your horizon, experience is only best gotten through experience just as only continual application of the knowledge will help you grow, thus building you more when you contribute and share ideas among like minds.

No need for you to undervalue your own idea,talk less of your idea when you can learn and also unlearn, take corrections from knowledgeable members of the forum and also participant of this Discussion.