Strong Hands Are Buying

[SOKO-DEKE]

Before now I had a standing order with my bank where I kept some extra funds that I don't need for my upkeep. Although the bank promised interest from my daily savings I decided to stop terminate this agreement and transfer the funds to Bitcoin investment. I might not know technical analysis but my plan is just simple, which is to buy Bitcoin every month no matter how small from my extra funds. I am willing to keep buying regardless of the price until I retire from my work. This is because I believe that considering the economic uncertainties in my country, Bitcoin is one of the best forms of investment currently.

Holding Bitcoin investments is a very good idea, but know that no crypto expert will advise you to put all of your life savings in bitcoin; instead, you should think about investing in other things so that you won't lose everything at once in the event of an emergency. Nobody would ever promise you that  Bitcoin investment is 100% guaranteed, therefore you shouldn't put all your eggs in  one basket. But while I am just saying that bitcoin involves some risk,but I am not saying it is bad to invest in it. The risky that involves nowadays not only the price but how to secured fund.

I have an uncle who was advised to invest in Bitcoin on the grounds that he would undoubtedly profit from it. Unfortunately, he wanted and invested all of his life savings in Bitcoin and only saved small amounts of money in bank accounts without having any other means. Now that the price of Bitcoin has dropped and he needs money for emergencies but has nowhere to get it from because all of his assets are Bitcoin investments, he has no choice but to sell, and he has begun doing so at the current Bitcoin price, which have  make him lose a lot. So, It is preferable to have some additional money set aside for future needs in order to avoid investment distractions.

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[BlackRexuz]

In fact, many people want to start at this time, but most Bitcoin holders are on the verge of bankruptcy. If there are idle funds, this timing is very suitable. Judging from the long-term return on investment, the rate of return is still very high. At least it is much more suitable than bank funds and wealth management products. What's more interesting is that some people's bank deposits disappeared inexplicably, which may be the biggest failure of investment.

I haven't seen them (Bitcoin holders) go bankrupt at this point, because I personally still feel very comfortable and safe holding Bitcoin and don't consider myself bankrupt because of Bitcoin. And your suggestion that says to buy again at this point with savings that are not used for other purposes I think is good too.

But as for the problem of deposit funds mysteriously disappearing in several customer accounts, I haven't heard of it yet either. So it would be nice if you'd provide a few sources of news on this because I think it's also a bit interesting to read other than seeing opportunities to buy Bitcoin again at this point.

I also don't feel like a loss but this is my long-term investment in Bitcoin, not to be the main reference in my finances, I also separate which money is for needs and which money is for investment, so that my economy goes well without interfering with each other in the future, I still setting aside the remaining money from my main needs, to buy some Bitcoins, because long term investment is very important for unexpected costs, why am I sure about Bitcoin because I have never heard of anyone going bankrupt from buying Bitcoins, mostly from someone's negligence not because of loss, but their negligence who sent wrong bitcoins or were also exposed to fissures, which made their bitcoins disappear..

[mich]

Well as a strong believer and investor in Bitcoin my strong hands are currently still buying it. I am also talking about Bitcoin as a solid investment opportunity to people I meet and know that are not already familiar and invested in it already.
I tend to talk about it quite a bit with other people. When you feel as strongly about crypto as I do, you want to discuss it and it just comes up naturally. For example, when I go out to a social gathering there’s a good chance I will bring it up with people and hear their opinions.
I tell them it is so easy to install tBinance and Coinbase on your phone they do it right in front of me.

[JayJuanGee]

Well as a strong believer and investor in Bitcoin my strong hands are currently still buying it. I am also talking about Bitcoin as a solid investment opportunity to people I meet and know that are not already familiar and invested in it already.
I tend to talk about it quite a bit with other people. When you feel as strongly about crypto as I do, you want to discuss it and it just comes up naturally. For example, when I go out to a social gathering there’s a good chance I will bring it up with people and hear their opinions.
I tell them it is so easy to install tBinance and Coinbase on your phone they do it right in front of me.

Do you tell them about bitcoin or about crypto?

Do you tell them that there is a difference between bitcoin and crypto, or do you just interchangeably use the two words (of bitcoin and crypto) so that they might not even know what you are talking about?

Do you tell them that it is better to hold your own keys, even if a newbie might start out getting used to bitcoin through an exchange?

Do you tell them to be careful in regards to shitcoins, as in they are all scams.... and some of them are more scammy than others..  so if you want to fuck around with shitcoins, you are gambling?

Do you talk to people about potential investment timelines.. or are you largely talking about trading - getting in and out?  what about position sizes do you talk about that?

Do you tend to follow up if people are interested with your way of discussing matters?  And what would you consider to be your success rate to be, in which someone actually ends up acting beyond just downloading / installing an exchange app?

By the way, Swanbitcoin.com is a bitcoin oriented platform that emphasizes education, long term BTC accumulation and holding your own keys..

As you might be able to see, I have a lot of reservations about conversations with newbies that potentially get newbies into shitcoins.. when it seems to be a better practice to attempt to steer newbies (or maybe some of the people that you meet might be kind of newbies) to some kind of a bitcoin first approach - even though on their own, they still may well end up getting into shitcoins and not really understanding the difference between bitcoin and shitcoins and also they might not know the difference between self-custody and having a third party hold your value (which still gives you price exposure to the underlying asset, bitcoin or otherwise, but is still a kind of risk when considering whether there might be some goals to get value that goes beyond mere price exposure).

[Bobrox]

Sometimes dilemma with Bitcoin price currently drop drastically and little doubt keep investing or buying Bitcoin right now, I know how amazing effect with strong hand are buying Bitcoin and keep holding until reach higher price. But not hypocritical either we need to earn as soon possible profit trough Bitcoin investment although have commitment become long term holding and always take opportunity re investing when Bitcoin price drop.

Can't predicting for Bitcoin future always stable and potential back to higher price due many internal conflict and make Bitcoin price drop, last moment when FTX collapse today have another attack with most bigger exchange market Binance, I sure if have FUD with exchange cryptocurrency every time can't optimist with Bitcoin stable in higher price.

[Dickiy]

Sometimes dilemma with Bitcoin price currently drop drastically and little doubt keep investing or buying Bitcoin right now, I know how amazing effect with strong hand are buying Bitcoin and keep holding until reach higher price. But not hypocritical either we need to earn as soon possible profit trough Bitcoin investment although have commitment become long term holding and always take opportunity re investing when Bitcoin price drop.

Can't predicting for Bitcoin future always stable and potential back to higher price due many internal conflict and make Bitcoin price drop, last moment when FTX collapse today have another attack with most bigger exchange market Binance, I sure if have FUD with exchange cryptocurrency every time can't optimist with Bitcoin stable in higher price.

This is a natural thing for those of you who are weekly or daily traders to look for short-term profits from bitcoin because indeed I also realize and don't deny that the market still feels hesitant to go up in the next few days.
In my opinion, in conditions of disrupted economic stability and the current FUD size, it will be difficult to take short-term profits.
My advice to you is don't do scalping because it has a lot of risks that can destroy your capital in a market like this, you have to keep your money in bitcoins for the long term and have a character like a strong hand. of course DCA is highly recommended for current investment strategies, if you need fast income, my advice is that you look for other livelihoods that provide definite profits, or if there are no other options you only need to take advantage of BOUNCE when the market is down to take profits.

In my experience it is very difficult to make short term profit in Bitcoin, that's why people in this forum are more suggesting long term investment than short term.

[MoonOfLife]

Well as a strong believer and investor in Bitcoin my strong hands are currently still buying it. I am also talking about Bitcoin as a solid investment opportunity to people I meet and know that are not already familiar and invested in it already.
I tend to talk about it quite a bit with other people. When you feel as strongly about crypto as I do, you want to discuss it and it just comes up naturally. For example, when I go out to a social gathering there’s a good chance I will bring it up with people and hear their opinions.
I tell them it is so easy to install tBinance and Coinbase on your phone they do it right in front of me.

Why not educate them about bitcoin and you encourage them to invest when they know nothing about bitcoin? Are you sure you will get a return on your investment? Even you and I have no guarantee that investing in bitcoin will be 100% profitable. So giving investment advice to someone is a mistake. Knowledge is what you need for them first, not just an investment they know nothing about.

[bangjoe]

Well as a strong believer and investor in Bitcoin my strong hands are currently still buying it. I am also talking about Bitcoin as a solid investment opportunity to people I meet and know that are not already familiar and invested in it already.
I tend to talk about it quite a bit with other people. When you feel as strongly about crypto as I do, you want to discuss it and it just comes up naturally. For example, when I go out to a social gathering there’s a good chance I will bring it up with people and hear their opinions.
I tell them it is so easy to install tBinance and Coinbase on your phone they do it right in front of me.

Why not educate them about bitcoin and you encourage them to invest when they know nothing about bitcoin? Are you sure you will get a return on your investment? Even you and I have no guarantee that investing in bitcoin will be 100% profitable. So giving investment advice to someone is a mistake. Knowledge is what you need for them first, not just an investment they know nothing about.

It's true, we have to provide stimulants about bitcoin before suggesting to invest in it, an emotional approach must also be formed so that they understand what we are saying when we don't provide stimulants and try to invite investment under the pretext of profit, I think they will not respond to what is said. I mean they'll even think you're a fraud. especially if you never benefit from a bitcoin investment that changes your life for the better, I think it will sound like a joke in the eyes of your friends.

[ajiz138]

Sometimes dilemma with Bitcoin price currently drop drastically and little doubt keep investing or buying Bitcoin right now, I know how amazing effect with strong hand are buying Bitcoin and keep holding until reach higher price. But not hypocritical either we need to earn as soon possible profit trough Bitcoin investment although have commitment become long term holding and always take opportunity re investing when Bitcoin price drop.

Can't predicting for Bitcoin future always stable and potential back to higher price due many internal conflict and make Bitcoin price drop, last moment when FTX collapse today have another attack with most bigger exchange market Binance, I sure if have FUD with exchange cryptocurrency every time can't optimist with Bitcoin stable in higher price.

There is no need for a dilemma, we have strong hands to start and invest in bitcoin and buy it from now on, which is currently down, while we can be optimistic that after the bearish ends, bullish will definitely appear, so those strong hands need to be held tightly so that we can hold on to the long term as expected many have suggested.
If we already know about the prospects for bitcoin, we must immediately get profits as soon as possible. What needs to be done is to continue to acquire bitcoins in any way, including DCA and Dips, which we feel are right to make our strategy for investing in bitcoins gradual, and from this stage we can accumulate within a certain period of time such as more than a year which is our target.

For me, there is no need to think about FUD because a group of people spread it so that bitcoin falls and they can buy it from below while we are not aware of it and if we don't pay close attention it turns out that we think too much about FUD which has no effect on a HODler. as long as we don't keep assets on the exchange then our bitcoin will be safe and FUD will just go away while we will look forward to a bright future with bitcoin as a good investment.
More optimistic that bitcoin can become more stable later.

[JayJuanGee]

Well as a strong believer and investor in Bitcoin my strong hands are currently still buying it. I am also talking about Bitcoin as a solid investment opportunity to people I meet and know that are not already familiar and invested in it already.
I tend to talk about it quite a bit with other people. When you feel as strongly about crypto as I do, you want to discuss it and it just comes up naturally. For example, when I go out to a social gathering there’s a good chance I will bring it up with people and hear their opinions.
I tell them it is so easy to install tBinance and Coinbase on your phone they do it right in front of me.

Why not educate them about bitcoin and you encourage them to invest when they know nothing about bitcoin? Are you sure you will get a return on your investment? Even you and I have no guarantee that investing in bitcoin will be 100% profitable. So giving investment advice to someone is a mistake. Knowledge is what you need for them first, not just an investment they know nothing about.

Personally, I am not against suggesting that someone (including newbies) to get started in bitcoin right away.. .and to figure it out as they go, but to avoid shitcoins.

So surely each person is responsible for his / her own investment strategy and also to figure out his/her budget in order that s/he is not investing too much and then ending up gambling rather than investing.

So yeah a lot of regular people do not seem to be very good at managing their own money, but to me, it seems that managing money is a basic task that any of us should be able to figure out.. especially several of the basics in regards to making sure that we are not spending more than we earn, unless we know how to manage debt as well..

but anyhow, general deficiencies that people have in managing their own money does not stop me from both suggesting that they get started investing into bitcoin right away and to clarify that I am talking about bitcoin rather than shitcoins.. and then also I suppose that I am going to attempt to presume a certain level of competence that people should have, even though I know that if I were to get into details with many people I will find that a lot of people do not tend to be very good at managing their finances, but on a basic and general level I am still not getting into whether they are good at managing their finances, I am getting into telling them that they should figure out how to include bitcoin into their lives... and they need to figure out the specifics.. even though of course, I will tend to attempt to answer questions when people have them... especially it comes to bitcoin, and if they start to talk about various shitcoins or throwing out the term "crypto" (which does sometimes happen if you just approach some random persons) then I will attempt to clarify that I am not talking about investing into "crypto" or shitcoins, and then at that appoint attempting to clarify that bitcoin is different.. and then once their eyes start to glaze over because they are not really interested in the topic or they are already lost in the topic, then maybe at that point it would be time to change the topic.

So if someone really wants to engage on the topic, then that may well be a different story.. and provoke even more conversation.. and from my perspective, there will frequently be needs to clarify between bitcoin and shitcoin (and crypto) just to continue to clarify what I am trying to talk about and sometimes to attempt to respond to any of the misconceptions that they might have if they are getting their information about bitcoin from the mainstream media.. which surely it is not going to be as probable to find some random person who really actually knows the difference between bitcoin and shitcoins and crypto and even knowing the difference between holding actual bitcoin and/or having bitcoin on exchanges (having third parties holding bitcoins, which at best are claims/vouchers to bitcoin rather than actual bitcoin). So it can take a while to get through these kinds of discussions with actual understandings and not getting caught up upon various misunderstandings that seem to be quite widely spread if any of us talk to random people on the street or in real life meaning our friends, relatives and other acquaintances that we meet in real life.

It does not hurt to know that these days whenever we talk about bitcoin, that we are likely going to be interacting with people who may well have quite a few too.  It's just part of our current landscape that information is all over the place out there, and maybe from time to time we might get lucky and find some people on the street who actually know a lot more than the average person about bitcoin, and it is true that from time to time, I have met those kinds of people in the real world, too.

[edited out]

It's true, we have to provide stimulants about bitcoin before suggesting to invest in it, an emotional approach must also be formed so that they understand what we are saying when we don't provide stimulants and try to invite investment under the pretext of profit,

That comes off as a bit patronizing to me.

I agree that a lot of people do not know how to manage their money very well, but the fact that a lot of people are not good at investing is not going to stop me from telling them about bitcoin and telling them that it would likely be to their advantage to look into it sooner rather than later.  They are still responsible for what they do, even if I am telling them to get the fuck started asap... and good luck.  I am not responsible if they fuck up how much they put into bitcoin or how they go about their investment or how they manage their finances.. but I do feel that I have to make sure that they understand that I am referring to bitcoin and not to shitcoins, not to crypto and not to ONLY having price exposure.. while recognizing that it can take a while for someone to figure out specifics, and if they engage and ask questions then I will do my best to answer from my opinion and experiences, and they won't know my opinion and experiences unless they engage and we end up going back and forth for a while to see that they are actually interested..

Another thing is that personal finances seem to be an area in which people have to be willing to discuss.. and those kinds of areas can end up being quite sensitive discussion areas, too... so there can be some balancing back and forth and also there can be some reluctancies to share too many personal details too.. So, even I am careful to try not to overly share, so maybe instead of talking about specific amounts, I might refer to hypothetical amounts.. such as saying buying $100 of bitcoin per week or something like that... which again depends on the other person in terms of if the other person might bring up his/her own specifics in terms of some investment that he has or maybe some kind of budget amount that he is thinking about, and then our conversation might go in the direction of their hypothetical (or their personal example) rather than my hypothetical.

I think they will not respond to what is said. I mean they'll even think you're a fraud.

We are not selling anything.  I will tell people that it is up to them to do whatever they like.. and I give less than two shits if they actually buy any bitcoin or not.. but it would likely be to their advantage to look into the matter, then to take some action to establish a bitcoin position.. and everyone who invests at all should attempt to figure out their bitcoin position and a good starting position is anywhere between 1% to 25% of their quasi-liquid investment portfolio, but they still have to figure out if those numbers work for them and how to get them to work for them if they are going to end up choosing to get started in bitcoin.

especially if you never benefit from a bitcoin investment that changes your life for the better, I think it will sound like a joke in the eyes of your friends.

It is up to people the extent to which they want to take anything that I say seriously.  If they have erroneous perceptions, then sure maybe I will attempt to help them for a while, but if they are not taking any of the matters seriously, then I am not going to want to spend very much time with those kinds of people because we are not communicating sufficiently well in order to be valuable use of time for either of us.

[EdenHazard]

Well as a strong believer and investor in Bitcoin my strong hands are currently still buying it. I am also talking about Bitcoin as a solid investment opportunity to people I meet and know that are not already familiar and invested in it already.
I tend to talk about it quite a bit with other people. When you feel as strongly about crypto as I do, you want to discuss it and it just comes up naturally. For example, when I go out to a social gathering there’s a good chance I will bring it up with people and hear their opinions.
I tell them it is so easy to install tBinance and Coinbase on your phone they do it right in front of me.

Why not educate them about bitcoin and you encourage them to invest when they know nothing about bitcoin? Are you sure you will get a return on your investment? Even you and I have no guarantee that investing in bitcoin will be 100% profitable. So giving investment advice to someone is a mistake. Knowledge is what you need for them first, not just an investment they know nothing about.

It's true, we have to provide stimulants about bitcoin before suggesting to invest in it, an emotional approach must also be formed so that they understand what we are saying when we don't provide stimulants and try to invite investment under the pretext of profit, I think they will not respond to what is said. I mean they'll even think you're a fraud. especially if you never benefit from a bitcoin investment that changes your life for the better, I think it will sound like a joke in the eyes of your friends.

There always a strong power above the strong hands buying ...

too much propaganda has been made in the last 10 years of bitcoin growth , all of them failing though and bitcoin keep moving in the right direction , a lot of mainstream media dumping about bitcoin as we might know that bitcoin is the greatest threat for the banking system , we know who did it right? just the matter of time even we are in the bearish times .. the value in bitcoin will always there stays.

[Peanutswar]

This is just grabbing the opportunity we know the market is currently down and of course if you have some funds and trust the bitcoin itself and make another possible All time high it could. happen again and this is the right time for accumulating a lot of coins especially bitcoin people now are seeing the price as at the bottom so if the price drops again they don't care because they are looking forward to the long-term investment

[Sayeds56]

Well as a strong believer and investor in Bitcoin my strong hands are currently still buying it. I am also talking about Bitcoin as a solid investment opportunity to people I meet and know that are not already familiar and invested in it already.
I tend to talk about it quite a bit with other people. When you feel as strongly about crypto as I do, you want to discuss it and it just comes up naturally. For example, when I go out to a social gathering there’s a good chance I will bring it up with people and hear their opinions.
I tell them it is so easy to install tBinance and Coinbase on your phone they do it right in front of me.

Why not educate them about bitcoin and you encourage them to invest when they know nothing about bitcoin? Are you sure you will get a return on your investment? Even you and I have no guarantee that investing in bitcoin will be 100% profitable. So giving investment advice to someone is a mistake. Knowledge is what you need for them first, not just an investment they know nothing about.

Personally, I am not against suggesting that someone (including newbies) to get started in bitcoin right away.. .and to figure it out as they go, but to avoid shitcoins.

So surely each person is responsible for his / her own investment strategy and also to figure out his/her budget in order that s/he is not investing too much and then ending up gambling rather than investing.

So yeah a lot of regular people do not seem to be very good at managing their own money, but to me, it seems that managing money is a basic task that any of us should be able to figure out.. especially several of the basics in regards to making sure that we are not spending more than we earn, unless we know how to manage debt as well..

but anyhow, general deficiencies that people have in managing their own money does not stop me from both suggesting that they get started investing into bitcoin right away and to clarify that I am talking about bitcoin rather than shitcoins.. and then also I suppose that I am going to attempt to presume a certain level of competence that people should have, even though I know that if I were to get into details with many people I will find that a lot of people do not tend to be very good at managing their finances, but on a basic and general level I am still not getting into whether they are good at managing their finances, I am getting into telling them that they should figure out how to include bitcoin into their lives... and they need to figure out the specifics.. even though of course, I will tend to attempt to answer questions when people have them... especially it comes to bitcoin, and if they start to talk about various shitcoins or throwing out the term "crypto" (which does sometimes happen if you just approach some random persons) then I will attempt to clarify that I am not talking about investing into "crypto" or shitcoins, and then at that appoint attempting to clarify that bitcoin is different.. and then once their eyes start to glaze over because they are not really interested in the topic or they are already lost in the topic, then maybe at that point it would be time to change the topic.

So if someone really wants to engage on the topic, then that may well be a different story.. and provoke even more conversation.. and from my perspective, there will frequently be needs to clarify between bitcoin and shitcoin (and crypto) just to continue to clarify what I am trying to talk about and sometimes to attempt to respond to any of the misconceptions that they might have if they are getting their information about bitcoin from the mainstream media.. which surely it is not going to be as probable to find some random person who really actually knows the difference between bitcoin and shitcoins and crypto and even knowing the difference between holding actual bitcoin and/or having bitcoin on exchanges (having third parties holding bitcoins, which at best are claims/vouchers to bitcoin rather than actual bitcoin). So it can take a while to get through these kinds of discussions with actual understandings and not getting caught up upon various misunderstandings that seem to be quite widely spread if any of us talk to random people on the street or in real life meaning our friends, relatives and other acquaintances that we meet in real life.

It does not hurt to know that these days whenever we talk about bitcoin, that we are likely going to be interacting with people who may well have quite a few too.  It's just part of our current landscape that information is all over the place out there, and maybe from time to time we might get lucky and find some people on the street who actually know a lot more than the average person about bitcoin, and it is true that from time to time, I have met those kinds of people in the real world, too.

[edited out]

It's true, we have to provide stimulants about bitcoin before suggesting to invest in it, an emotional approach must also be formed so that they understand what we are saying when we don't provide stimulants and try to invite investment under the pretext of profit,

That comes off as a bit patronizing to me.

I agree that a lot of people do not know how to manage their money very well, but the fact that a lot of people are not good at investing is not going to stop me from telling them about bitcoin and telling them that it would likely be to their advantage to look into it sooner rather than later.  They are still responsible for what they do, even if I am telling them to get the fuck started asap... and good luck.  I am not responsible if they fuck up how much they put into bitcoin or how they go about their investment or how they manage their finances.. but I do feel that I have to make sure that they understand that I am referring to bitcoin and not to shitcoins, not to crypto and not to ONLY having price exposure.. while recognizing that it can take a while for someone to figure out specifics, and if they engage and ask questions then I will do my best to answer from my opinion and experiences, and they won't know my opinion and experiences unless they engage and we end up going back and forth for a while to see that they are actually interested..

Another thing is that personal finances seem to be an area in which people have to be willing to discuss.. and those kinds of areas can end up being quite sensitive discussion areas, too... so there can be some balancing back and forth and also there can be some reluctancies to share too many personal details too.. So, even I am careful to try not to overly share, so maybe instead of talking about specific amounts, I might refer to hypothetical amounts.. such as saying buying $100 of bitcoin per week or something like that... which again depends on the other person in terms of if the other person might bring up his/her own specifics in terms of some investment that he has or maybe some kind of budget amount that he is thinking about, and then our conversation might go in the direction of their hypothetical (or their personal example) rather than my hypothetical.

I think they will not respond to what is said. I mean they'll even think you're a fraud.

We are not selling anything.  I will tell people that it is up to them to do whatever they like.. and I give less than two shits if they actually buy any bitcoin or not.. but it would likely be to their advantage to look into the matter, then to take some action to establish a bitcoin position.. and everyone who invests at all should attempt to figure out their bitcoin position and a good starting position is anywhere between 1% to 25% of their quasi-liquid investment portfolio, but they still have to figure out if those numbers work for them and how to get them to work for them if they are going to end up choosing to get started in bitcoin.

especially if you never benefit from a bitcoin investment that changes your life for the better, I think it will sound like a joke in the eyes of your friends.

It is up to people the extent to which they want to take anything that I say seriously.  If they have erroneous perceptions, then sure maybe I will attempt to help them for a while, but if they are not taking any of the matters seriously, then I am not going to want to spend very much time with those kinds of people because we are not communicating sufficiently well in order to be valuable use of time for either of us.

Your posts are always very educational & helpful for newbies to understand what Bitcoin is and what is its real worth and how it can change your fortune, if you invest in it and hold it for long time with patience.

The motive behind jumping into shit coin market for new crypto entrants is, those coins/tokens are available at thruway prices, and you can buy millions of coins in few dollars & investors think, these investments of few dollars will make them rich when market turns around, but it is unlikely to happen.

[JayJuanGee]

[edited out]

Your posts are always very educational & helpful for newbies to understand what Bitcoin is and what is its real worth and how it can change your fortune, if you invest in it and hold it for long time with patience.

Thanks.  Many times, I just try to bounce off the ideas of others, and it is true that there are a lot of us who will sometimes have really bad information and practices regarding money management matters that would allow us to even be able to invest, yet money management seems to be one of those kinds of skills that anyone can improve - especially the basics, and the more time that s/he works at improving it, then the more likely s/he will be able to develop systems in which s/he is able to profit from investing (rather than devolving into gambling).  Sometimes we might not even recognize the difference between investing and gambling until we have practiced, thought about it, and practiced some more.

The motive behind jumping into shit coin market for new crypto entrants is, those coins/tokens are available at thruway prices, and you can buy millions of coins in few dollars & investors think, these investments of few dollars will make them rich when market turns around, but it is unlikely to happen.

There is a kind of human nature appeal towards shitcoin marketing ideas, and many of us are easily trapped into a variety of shitcoin marketing tactics.  So I can surely relate to the actual ongoing prevalence of ideas that are tied around shitcoin marketing ideas.  For example, people might even "know that shitcoins" are bad, so they will stay away from them, but then they believe that bitcoin is a shitcoin too.

It is similar to the fallacy that libertarians make.  There will be assertions of so many correctly wrong things that governments do, so then the solution will be to just tear everything down and not appreciating that sometimes there can be positive aspects to government - but frequently it all just gets lumped into frustration.. even by very smart people.  There are some really smart people who are "into" shitcoins and frequently what they say makes a lot of sense... so it can surely take a while to sort the wheat from the chaff.. and the wheat is bitcoin, as you seem to realize and appreciate... and actually, sometimes we might not even be sure if we are hitched to the right horse.. especially while we are learning.. or new to bitcoin (and/or crypto/shitcoins).

[Sayeds56]

[edited out]

Your posts are always very educational & helpful for newbies to understand what Bitcoin is and what is its real worth and how it can change your fortune, if you invest in it and hold it for long time with patience.

Thanks.  Many times, I just try to bounce off the ideas of others, and it is true that there are a lot of us who will sometimes have really bad information and practices regarding money management matters that would allow us to even be able to invest, yet money management seems to be one of those kinds of skills that anyone can improve - especially the basics, and the more time that s/he works at improving it, then the more likely s/he will be able to develop systems in which s/he is able to profit from investing (rather than devolving into gambling).  Sometimes we might not even recognize the difference between investing and gambling until we have practiced, thought about it, and practiced some more.

You are absolutely right that investment is not gambling, I think there is a fine line between gambling and investment which we all human fail to understand when we are under the influence of greed emotion. In fact, when we buy Bitcoin, we make investment in a precious digital asset but when we buy shit coins, we gamble with our money and chances of winning are very slim because gamblers rarely win in casino.

[samuraijin]

Well as a strong believer and investor in Bitcoin my strong hands are currently still buying it. I am also talking about Bitcoin as a solid investment opportunity to people I meet and know that are not already familiar and invested in it already.
I tend to talk about it quite a bit with other people. When you feel as strongly about crypto as I do, you want to discuss it and it just comes up naturally. For example, when I go out to a social gathering there’s a good chance I will bring it up with people and hear their opinions.
I tell them it is so easy to install tBinance and Coinbase on your phone they do it right in front of me.

Maybe you are a strong hand to buy and buy Bitcoin, but sometimes we forget to give directions to those who don't understand how to use it, many of the common people often lose or also transfer their Bitcoin to an address where it shouldn't be sent, and  many experienced players only give them a little knowledge, even just telling them to download an application that they don't know at all, at least we can teach them how to use it first so they can understand the ins and outs of bitcoin, not just telling them to download the Binance and Coinbase applications, according to  I think it's not too important for new users, but it's different if we ask those who already understand or understand the ins and outs of using bitcoin.

[JayJuanGee]

[edited out]

Your posts are always very educational & helpful for newbies to understand what Bitcoin is and what is its real worth and how it can change your fortune, if you invest in it and hold it for long time with patience.

Thanks.  Many times, I just try to bounce off the ideas of others, and it is true that there are a lot of us who will sometimes have really bad information and practices regarding money management matters that would allow us to even be able to invest, yet money management seems to be one of those kinds of skills that anyone can improve - especially the basics, and the more time that s/he works at improving it, then the more likely s/he will be able to develop systems in which s/he is able to profit from investing (rather than devolving into gambling).  Sometimes we might not even recognize the difference between investing and gambling until we have practiced, thought about it, and practiced some more.

You are absolutely right that investment is not gambling, I think there is a fine line between gambling and investment which we all human fail to understand when we are under the influence of greed emotion. In fact, when we buy Bitcoin, we make investment in a precious digital asset but when we buy shit coins, we gamble with our money and chances of winning are very slim because gamblers rarely win in casino.

Some shitcoiners do believe that they are "investing" in their shitcoin, so they believe that they are "in it" for the long term.. and even try to apply the same principles (such as DCAing into their positions) like is good for an investment like bitcoin but may well not be a very good idea for an overwhelming majority of shitcoins.

[Jody.Drummer]

Some shitcoiners do believe that they are "investing" in their shitcoin, so they believe that they are "in it" for the long term.. and even try to apply the same principles (such as DCAing into their positions) like is good for an investment like bitcoin but may well not be a very good idea for an overwhelming majority of shitcoins.

It's funny that wishing for something even so hard would likely be impossible in this case.
They are still naive if they do it with shitcoin, and even use the DCA system there? hel this is really they are too confident with that stuff lol

I think such actions are a waste of energy, time and of course money and it would be very strange if someone still did this in the hope that they would benefit from their shitcoin.
bitcoin is still very possible, but shitcoin. this is like making a fool of yourself.

[MoonOfLife]

Well as a strong believer and investor in Bitcoin my strong hands are currently still buying it. I am also talking about Bitcoin as a solid investment opportunity to people I meet and know that are not already familiar and invested in it already.
I tend to talk about it quite a bit with other people. When you feel as strongly about crypto as I do, you want to discuss it and it just comes up naturally. For example, when I go out to a social gathering there’s a good chance I will bring it up with people and hear their opinions.
I tell them it is so easy to install tBinance and Coinbase on your phone they do it right in front of me.

Why not educate them about bitcoin and you encourage them to invest when they know nothing about bitcoin? Are you sure you will get a return on your investment? Even you and I have no guarantee that investing in bitcoin will be 100% profitable. So giving investment advice to someone is a mistake. Knowledge is what you need for them first, not just an investment they know nothing about.

Personally, I am not against suggesting that someone (including newbies) to get started in bitcoin right away.. .and to figure it out as they go, but to avoid shitcoins.

I don't object but I think it's better if you give them knowledge, because when they have knowledge, they will be able to distinguish bitcoin and shitcoin as you say. Second, they should understand everything before investing to be responsible with their money. They can still invest in bitcoin without knowing anything about it, but will they continue to hold it when the market turns chaotic? Knowledge is still something that should be disseminated first.

[JayJuanGee]

Well as a strong believer and investor in Bitcoin my strong hands are currently still buying it. I am also talking about Bitcoin as a solid investment opportunity to people I meet and know that are not already familiar and invested in it already.
I tend to talk about it quite a bit with other people. When you feel as strongly about crypto as I do, you want to discuss it and it just comes up naturally. For example, when I go out to a social gathering there’s a good chance I will bring it up with people and hear their opinions.
I tell them it is so easy to install tBinance and Coinbase on your phone they do it right in front of me.

Why not educate them about bitcoin and you encourage them to invest when they know nothing about bitcoin? Are you sure you will get a return on your investment? Even you and I have no guarantee that investing in bitcoin will be 100% profitable. So giving investment advice to someone is a mistake. Knowledge is what you need for them first, not just an investment they know nothing about.

Personally, I am not against suggesting that someone (including newbies) to get started in bitcoin right away.. .and to figure it out as they go, but to avoid shitcoins.

I don't object but I think it's better if you give them knowledge, because when they have knowledge, they will be able to distinguish bitcoin and shitcoin as you say. Second, they should understand everything before investing to be responsible with their money. They can still invest in bitcoin without knowing anything about it, but will they continue to hold it when the market turns chaotic? Knowledge is still something that should be disseminated first.

We can agree to disagree, and I already stated my various reasons in my earlier post including suggesting getting started in getting into bitcoin asap, learning along the way and having some presumptions that people have basic money management knowledge and/or the should be able to learn basic money management practices on their own..

I am not responsible to teach newbies or anyone else basic money management merely because I am telling them to get started into BTC ASAP.. and the essence is that I am just letting them know (my opinion) that it would be a good idea for them to both look into bitcoin and get started ASAP, which includes (without my necessarily having to say it because there is a bit of common sense involved) their making sure that they protect themselves and engage in sufficient and adequate risk management within their own discretion and in regards to their own financial and psychological circumstances.

Edited to clarify the way that I had presented a few of my points