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Gost ms
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April 04, 2025, 06:49:18 AM |
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Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.
Why would someone in his or her right senses even compare shit coin with Bitcoin, it's not just ignorance, it's a higher level of stupidity to do that, using something that falls more than they rise to compare Bitcoin that always rally back to even a greater and better heights anytime it value plummet. Look at the market today, all the shit coin that fell during this dip, it's only like 2% of them that may recover from it to it previous value that it fell from, so it's mostly higher level of ignorance that will make someone to compare them with Bitcoin. Their are only three reasons that makes most investors to invest in shit coin, which are uninformation, misinformation or greed. But among them all, the one that annoys me the most is the greedy investors, because they knows how dangerous it is, but they still venture into it, due to greed for 10x to 20x, which majority of them mostly get burnt after taking such a decision. The point is, if you are going to invest in bitcoin, never be interested in knowing what a trash coin is. Because it can be dangerous if the person who knows it is a greedy person. So if our goal is to invest in bitcoin, then focus on investing in bitcoin. Because rather than finding out about trash coins, it is better to find a bigger income, so that our cold money or discretionary income becomes bigger and can be invested in bitcoin. So don't let our focus be disturbed just because of shitcoin, because what we need to know about shitcoin is only one thing, namely that shitcoin is useless. Because not a few bitcoin investors who initially invested in bitcoin only, eventually became a shitcoin trader, and this was caused by finding out too deeply about shitcoin. And finally became interested because they felt shitcoin could provide a large multiple of profit, even though in reality it didn't. So in this case we must understand, that too much curiosity sometimes has a bad impact too. Since we are into Bitcoin why boarder yourself about shitcoin you don't need to be talking about it so that you will not get tempted carried away, Bitcoin is what you should focus on, get your knowledge and invest into Bitcoin, Bitcoin should be given full concentration,if you really want to be in support of Bitcoin, you have to forget on any other coin, but focus on Bitcoin and his investment strategy so that you will be part of Bitcoin owners. I think this is your misconception. You should have a proper understanding of Bitcoin and other shitcoins otherwise you may not be able to understand the real value of Bitcoin. You should not invest blindly but invest considering the situation around you. Being aware of why you should only invest in Bitcoin and why shitcoins are extremely risky means that you are honest and prudent with yourself in investing. Through studying bitcoin, the real valuation of Bitcoin will become clear to you through real investment concepts and you will be able to increase your focus on competitive investments. Being familiar with the concept of risky investment literally means that you can be aware enough and focus more on accumulating Bitcoin. We also know that discussions about shitcoins will waste our time and most of the time we should focus on Bitcoin so that we are motivated to increase our investment by gaining more knowledge. Of course we should focus completely on Bitcoin and make our investment goals long term so that with over time, you will be tempted to hold Bitcoin at a higher level. I think Bitcoin should never be compared to Shitcoin. Because in 1983, David Chum invented the cryptography method of money exchange. In 1995, DIGI cash created the initial concept of electronic payment. But at that time, there was a lack of effective technology for user privacy and secure transactions. No one could solve all these problems. But in 2009, Satoshi Nakamoto found a solution to this problem. And launched a coin called Bitcoin. After that, many coins were created in the market. Which I think is completely different from Bitcoin. Because all these Shitcoins do not have a strong network system. When Shitcoins are launched in the market, the price increases for a few days and then the price decreases for a few days. If someone is familiar with the word crypto, I think it will be difficult to find a person who is not familiar with Bitcoin. You have to find out which is good for you and which is harmful for you. There are many shitcoins in the market. If you do deep research, you can understand which one is better for you, shitcoin or Bitcoin.
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SuperBitMan
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April 04, 2025, 07:18:32 AM Last edit: April 04, 2025, 07:44:55 AM by SuperBitMan |
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Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.
Why would someone in his or her right senses even compare shit coin with Bitcoin, it's not just ignorance, it's a higher level of stupidity to do that, using something that falls more than they rise to compare Bitcoin that always rally back to even a greater and better heights anytime it value plummet. Look at the market today, all the shit coin that fell during this dip, it's only like 2% of them that may recover from it to it previous value that it fell from, so it's mostly higher level of ignorance that will make someone to compare them with Bitcoin. Their are only three reasons that makes most investors to invest in shit coin, which are uninformation, misinformation or greed. But among them all, the one that annoys me the most is the greedy investors, because they knows how dangerous it is, but they still venture into it, due to greed for 10x to 20x, which majority of them mostly get burnt after taking such a decision. The point is, if you are going to invest in bitcoin, never be interested in knowing what a trash coin is. Because it can be dangerous if the person who knows it is a greedy person. So if our goal is to invest in bitcoin, then focus on investing in bitcoin. Because rather than finding out about trash coins, it is better to find a bigger income, so that our cold money or discretionary income becomes bigger and can be invested in bitcoin. So don't let our focus be disturbed just because of shitcoin, because what we need to know about shitcoin is only one thing, namely that shitcoin is useless. Because not a few bitcoin investors who initially invested in bitcoin only, eventually became a shitcoin trader, and this was caused by finding out too deeply about shitcoin. And finally became interested because they felt shitcoin could provide a large multiple of profit, even though in reality it didn't. So in this case we must understand, that too much curiosity sometimes has a bad impact too. Since we are into Bitcoin why boarder yourself about shitcoin you don't need to be talking about it so that you will not get tempted carried away, Bitcoin is what you should focus on, get your knowledge and invest into Bitcoin, Bitcoin should be given full concentration,if you really want to be in support of Bitcoin, you have to forget on any other coin, but focus on Bitcoin and his investment strategy so that you will be part of Bitcoin owners. That’s why I usually tell folks not to think of diversifying until they have gotten some nice amount of bitcoin , before they should think of putting their funds in something else ( in for of diversification) , because it will affect their rate of accumulating bitcoin , shifting their resources to something else . And if you are even thinking of diversifying , shitcoin ain’t a bright idea rather find something else you diversify on that will definitely worth it in a long run . Yeah you are right however it is also good to diversify especially when is a good business that will give you a good profit in less than no time, bitcoin investment involves money and if diversifying will bring more money to you then I see no problem with it but if it won't or is a business that will take a very long time before profit will start coming then maybe one needs to build his or her Bitcoin to a particular level before diversifying so as to avoid distraction. When you want to diversify doing it on shitcoins is a wrong move because shitcoins investment is very risky and should be avoided. Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.
Why would someone in his or her right senses even compare shit coin with Bitcoin, it's not just ignorance, it's a higher level of stupidity to do that, using something that falls more than they rise to compare Bitcoin that always rally back to even a greater and better heights anytime it value plummet. Look at the market today, all the shit coin that fell during this dip, it's only like 2% of them that may recover from it to it previous value that it fell from, so it's mostly higher level of ignorance that will make someone to compare them with Bitcoin. Their are only three reasons that makes most investors to invest in shit coin, which are uninformation, misinformation or greed. But among them all, the one that annoys me the most is the greedy investors, because they knows how dangerous it is, but they still venture into it, due to greed for 10x to 20x, which majority of them mostly get burnt after taking such a decision. The point is, if you are going to invest in bitcoin, never be interested in knowing what a trash coin is. Because it can be dangerous if the person who knows it is a greedy person. So if our goal is to invest in bitcoin, then focus on investing in bitcoin. Because rather than finding out about trash coins, it is better to find a bigger income, so that our cold money or discretionary income becomes bigger and can be invested in bitcoin. So don't let our focus be disturbed just because of shitcoin, because what we need to know about shitcoin is only one thing, namely that shitcoin is useless. Because not a few bitcoin investors who initially invested in bitcoin only, eventually became a shitcoin trader, and this was caused by finding out too deeply about shitcoin. And finally became interested because they felt shitcoin could provide a large multiple of profit, even though in reality it didn't. So in this case we must understand, that too much curiosity sometimes has a bad impact too. Since we are into Bitcoin why boarder yourself about shitcoin you don't need to be talking about it so that you will not get tempted carried away, Bitcoin is what you should focus on, get your knowledge and invest into Bitcoin, Bitcoin should be given full concentration,if you really want to be in support of Bitcoin, you have to forget on any other coin, but focus on Bitcoin and his investment strategy so that you will be part of Bitcoin owners. I think this is your misconception. You should have a proper understanding of Bitcoin and other shitcoins otherwise you may not be able to understand the real value of Bitcoin. You should not invest blindly but invest considering the situation around you. Being aware of why you should only invest in Bitcoin and why shitcoins are extremely risky means that you are honest and prudent with yourself in investing. Through studying bitcoin, the real valuation of Bitcoin will become clear to you through real investment concepts and you will be able to increase your focus on competitive investments. Being familiar with the concept of risky investment literally means that you can be aware enough and focus more on accumulating Bitcoin. We also know that discussions about shitcoins will waste our time and most of the time we should focus on Bitcoin so that we are motivated to increase our investment by gaining more knowledge. Of course we should focus completely on Bitcoin and make our investment goals long term so that with over time, you will be tempted to hold Bitcoin at a higher level. I think Bitcoin should never be compared to Shitcoin. Because in 1983, David Chum invented the cryptography method of money exchange. In 1995, DIGI cash created the initial concept of electronic payment. But at that time, there was a lack of effective technology for user privacy and secure transactions. No one could solve all these problems. But in 2009, Satoshi Nakamoto found a solution to this problem. And launched a coin called Bitcoin. After that, many coins were created in the market. Which I think is completely different from Bitcoin. Because all these Shitcoins do not have a strong network system. When Shitcoins are launched in the market, the price increases for a few days and then the price decreases for a few days. If someone is familiar with the word crypto, I think it will be difficult to find a person who is not familiar with Bitcoin. You have to find out which is good for you and which is harmful for you. There are many shitcoins in the market. If you do deep research, you can understand which one is better for you, shitcoin or Bitcoin. Yeah Shitcoins can never be compared to Bitcoin, there are some shitcoins that has been in existence for some time now still they don't grow they have been stagnant but Bitcoin has been growing since it's existence some shitcoins are now created just to extort money from people and some now do it with celebrities they create a shitcoin and then ask a celebrity to post about it on there social media account's and when that is done a lot of people goes to purchase that shitcoin and hold and it will be growing in price and value and before you no it the creators being the highest holders of that coin sells off all there coin and make huge amount of money and that is how the price and value will fall and those who are still holding will lose there money, shitcoins should be avoided they will never be like bitcoin so stop investing on it thinking they will one day be like Bitcoin. Those celebrities who post about this shitcoins on there social media account's comes with excuses that there account were hacked mean while they planned it with those shitcoins creators so please let's all be guided shitcoins will always be shit just like the name implies.
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Ruttoshi
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April 04, 2025, 07:51:43 AM |
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Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.
Why would someone in his or her right senses even compare shit coin with Bitcoin, it's not just ignorance, it's a higher level of stupidity to do that, using something that falls more than they rise to compare Bitcoin that always rally back to even a greater and better heights anytime it value plummet. Look at the market today, all the shit coin that fell during this dip, it's only like 2% of them that may recover from it to it previous value that it fell from, so it's mostly higher level of ignorance that will make someone to compare them with Bitcoin. Their are only three reasons that makes most investors to invest in shit coin, which are uninformation, misinformation or greed. But among them all, the one that annoys me the most is the greedy investors, because they knows how dangerous it is, but they still venture into it, due to greed for 10x to 20x, which majority of them mostly get burnt after taking such a decision. The point is, if you are going to invest in bitcoin, never be interested in knowing what a trash coin is. Because it can be dangerous if the person who knows it is a greedy person. So if our goal is to invest in bitcoin, then focus on investing in bitcoin. Because rather than finding out about trash coins, it is better to find a bigger income, so that our cold money or discretionary income becomes bigger and can be invested in bitcoin. So don't let our focus be disturbed just because of shitcoin, because what we need to know about shitcoin is only one thing, namely that shitcoin is useless. Because not a few bitcoin investors who initially invested in bitcoin only, eventually became a shitcoin trader, and this was caused by finding out too deeply about shitcoin. And finally became interested because they felt shitcoin could provide a large multiple of profit, even though in reality it didn't. So in this case we must understand, that too much curiosity sometimes has a bad impact too. Since we are into Bitcoin why boarder yourself about shitcoin you don't need to be talking about it so that you will not get tempted carried away, Bitcoin is what you should focus on, get your knowledge and invest into Bitcoin, Bitcoin should be given full concentration,if you really want to be in support of Bitcoin, you have to forget on any other coin, but focus on Bitcoin and his investment strategy so that you will be part of Bitcoin owners. I think this is your misconception. You should have a proper understanding of Bitcoin and other shitcoins otherwise you may not be able to understand the real value of Bitcoin. You should not invest blindly but invest considering the situation around you. Being aware of why you should only invest in Bitcoin and why shitcoins are extremely risky means that you are honest and prudent with yourself in investing. Through studying bitcoin, the real valuation of Bitcoin will become clear to you through real investment concepts and you will be able to increase your focus on competitive investments. Being familiar with the concept of risky investment literally means that you can be aware enough and focus more on accumulating Bitcoin. We also know that discussions about shitcoins will waste our time and most of the time we should focus on Bitcoin so that we are motivated to increase our investment by gaining more knowledge. Of course we should focus completely on Bitcoin and make our investment goals long term so that with over time, you will be tempted to hold Bitcoin at a higher level. How can you have the proper knowledge of almost 50,000 and more shitcoins out there in the market, that's impossible and unnecessary for a bitcoin investor. You will be busy distracting yourself on knowledge that wouldn't be helpful to you because you claimed you don't want to invest in them so why should you give shitcoins attention to have the proper knowledge. Bitcoin is just one coin and one can take his time to learn and grow his bitcoin investment overtime. A new investor that want to get started with his bitcoin investment doesn't even need the proper knowledge of bitcoin, all he needs is the basic knowledge of bitcoin and his discretionary income for him to get started immediately without wasting time. The new investor can start investing with his discretionary income every week with DCA method so that he can continue building and growing his bitcoin investment, while he gives his attention to learning more about bitcoin since he is investing in a long term. Investing consistently and persistently, learning more about bitcoin and how to grow your bitcoin portfolio mixing it with different accumulation strategies, looking for other means to increase our income so that we can invest aggressively to in order to increase our bitcoin portfolio faster should all be our priority and not learning about some shitcoins that might divert your attention and focus on your bitcoin investment goal.
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Derekfunds
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April 04, 2025, 09:01:42 AM |
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The reason why people are still investing in shitcoins instead of Bitcoin is because they feel shitcoins are more fast in growth than Bitcoin and they have may be seen one or two people that has made money from some shitcoins,
Fuck them and their shitcoins and how they feel about it, for as I know shitcoin doesn't have any potential, all are crab pump and dump that people invest and later regret at last. I wounder why people leave a potential coin like bitcoin and go for shitcoin for the sake of imidiate pump and forget about the dump without rise. Because definately it will rise to leure people in and dump their ass down. They always go on with the mindset of withdrawal almost immediately when there is a pump and that's it's just the only investment strategy they have. The funny thing is, a lot of them don't even believe in some of the shitcoin project they want to invest in, but Yet they still try to convince themselves about the miracle of impossibility to happen. Patience they say is a virtue and bitcoin gives you the reward for your patience, most of these shitcoin investors see patients as a waste of time, hence they always fall for the scam in shitcoins in the hope of getting their investment as fast as possible. The sad part is that, people will always refuse to learn. It is interesting that when Altcoin or Shitcoin that you are referring to is indeed made as an alternative profit that can be obtained because the movement is much more volatile, and in some they want to maximize it for their profits which are much higher and faster. I don't deny it because I have also done it for profit, maybe you will judge me stupid or whatever about me doing that, but if as far as we get a profit then the results of trading from shitcoin make a big profit and then saved in a safer coin, namely bitcoin, is it wrong, or can't be right? While we don't have any other job that can make more money to save in bitcoin, yes why not use it to get more money to save in bitcoin. There is always polarization in every industry, and I think if the goal is to add or buy more bitcoins from shitcoin trading, it doesn't matter, as long as we understand the risks and are able to take responsibility for it, Bitcoin will only be the last storage and secure our money for a better future. I'm not against people investing on shitcoins I'm against people preaching it to newbies, if one knows the risk in it and decided to venture into it then is the person's cup of tea not mine, but why venturing into such risk knowing fully well there high risk of lose. And trading shitcoins to invest in Bitcoin is a very bad approach, what if you lose your money instead of trading shitcoins to invest in Bitcoin is better you use DCA strategy and accumulate little by little no need to rush, if you think you can trade shitcoins and use the profit to invest in Bitcoin and become successful in Bitcoin investment then you lie because of you are lucky to get profit from one shitcoin you won't be that lucky next time. Shitcoins are Coins with very low volume, volume numbers are usually fake, No development, Listed on temble exchangers, Supply not distributed in a fair manner. Shitcoins should be avoided especially by newbies who wants to be successful in the crypto world. As an newbies in the Crypto market it is not always advisable to jump into trading of shitcoins, investing in shitcoin its essential to prioritize education and understand of the Crypto market before making investment decisions. As a newbie, you don't need to boarder yourself about any other coin, or shit coin all you should be boarded is how to invest into Bitcoin using the DCA strategy to accumulate for a long-term of 4 years -10 years so that you will not get yourself confused and regret your actions . what you need to educate and understand is Bitcoin and not any shit coin, because Bitcoin can't be compared to any other cryptocurrency that's why you need to forget about any cryptocurrency but focus on Bitcoin alone . the thing is that greed will not allow most newbie to focus on investing in the real assets, as an newbie its essential to focus on one thing at a time, especially when investing in cryptocurrency as newbies concentrate on understanding bitcoin and its investment strategies. Sometimes it is not actually greed rather it is misconception or misinformation, there are people that don't know the right coin to invest in that is why you see some persons investing in shitcoins thinking it is Bitcoin but they are still to be blame because they don't have to assume or conclude on what they are not sure of and some people because of what someone told them, they will follow suit without confirming the information first before taking action, that is a very wrong thing to do as someone that wants to learn and be successful in Bitcoin investment.
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tiCeR
Legendary
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Activity: 2422
Merit: 1016
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April 04, 2025, 09:12:59 AM Merited by JayJuanGee (1) |
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You are not wrong, yet surely when we are looking at the strength of bitcoin's investment thesis, we have more than just sentiment to look at, and surely bitcoin's price appreciation over the past 11-ish years tends to cause a decent number of people to consider that bitcoin had already run its course, so then there tends to be some superficial lack of appreciation on what bitcoin is. We could even say that there were some with more hostility towards bitcoin in earlier years, but bitcoin was also quite unknown and not in the political spotlight. These days we might have some political or even financial folks against bitcoin merely because Trump is for it.. and I don't even consider the matter to be very clear to attempting to characterize the level of hostility as going down, because various kinds of hostility likely still exist, yet merely in a more convoluted way, including the various kinds of attacks to channel folks through KYC channels, so there seems to be a lot of talk about how bitcoin is so great, but it's not really on an individual empowering kind of way like it is in El Salvador.. but instead, maybe dropping of hostility in order that we are able to custody bitcoin with various BIG third parties... until they rug us, or lock us out, or confiscate our coins, or make sure that we pay our taxes with any transactions.. to the extent that we are even able to directly withdraw bitcoin into our own private wallet without having to jump through extensive KYC hurdles. The KYC threat is real, I agree. But sometimes I think it is becoming less likely with time passing by as more of the young folks in politics hold bitcoin themselves, making it less of an incentive to politically and legally attack it. Ultimately it's about the lobby something has going for or against it and bitcoin's lobby seems to be growing. However, I agree that KYC backdoors are probably being worked on relentlessly because the bitcoin network is a data honeypot for powerful intelligence agencies. Most folks probably use bitcoin like they use facebook and instagram. They don't care, or they don't know or are aware of that the trail they leave could haunt them down for a lifetime. The custody approach is going to be big because financial service providers will engender trust among bitcoin investors to park their bitcoin with them. But it is the same thing as people being reckless about their data with facebook and instagram. I am frequently impressed how thieves can still get it done to get into banks and rob the lockers in a bank's basement. If that is possible, it is also possible -and probably even more possible - that a bank loses all the bitcoin. In contrast to assets in the lockers, investors can at least without any doubt prove what they sent into their bitcoin bank account or bought via that account. Or I hope they can, if all data is lost it could still become troublesome. Political or financial folks being against bitcoin because of Trump is true, but it can also be because of mere financial interest in other asset classes that potentially get drained because of investors shifting their focus and therefore their wealth into bitcoin. ...
Sure, of course, even in 2013, there was a path to 100x (to where we are at today), yet no one should have honestly proclaimed that it was already known in advance, since it was not really very clear, even if there was a path..and that is part of the reason that with an assymetric bet we do not have to bet alot in order to still potentially make out greatly.. There have been good and bad things that happened in the past 11/12 years, yet we are still here.. .with even more upside potential, even if some folks may well not appreciate the upside potential and also we can look at the slope of upcurve slope being less steep, but at the same time the going to zero scenarios are also not as many, as you seem to be saying similar things, with just different words (or different ways of saying similar things). Of course nobody could know for sure where bitcoin is going or could be going, but in hindsight there is now some basis for doing some comprehensible calculations. Those calculations can't be accurate except for hitting the bully eye out of pure luck, but they can now contain some reasonableness. Putting the total amount of a new asset class, in this case a digital asset class which was bound to develop in these digital ages, into perspective of total global assets could have provided an indication for the upside potential back in 2010,11,12 and afterwards. That is why I think there is still great upside for bitcoin, but relatively lower compared to what it was. This is not worth mentioning because any asset class that literally starts at zero has an almost unlimited upside potential, but I think you know what I mean. Bitcoin has tons of potential and I doubt that a shitcoin will take its place unless there is a hugely orchestrated move by dozens of the existing billionaires, but seeing how twitter tanked in value makes me confident that even an orchestrated move to shift value from bitcoin to another shitcoin network could go horribly wrong for them.
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ZeroVinsonN
Sr. Member
  
Offline
Activity: 476
Merit: 276
It takes a second for treasure to become trash
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April 04, 2025, 10:15:08 AM |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after. What's your take on this? Given the period we're in is it buy time or sell time?
Going back to the OP, it's always buy time for any real bitcoin investor regardless of any price shifts, the price of bitcoin dropping after you have just made a purchase should not deter you from buying, it should instead be a motivation, you now get to buy at a cheaper rate than when you started which will ultimately bring you more profit while still accumulating because the price will eventually go up, there is never an off season for buying and investing in Bitcoin, everytime is buy time for any real investor. So just buy! buy!! buy!!!
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Muba20
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April 04, 2025, 11:39:51 AM |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after. What's your take on this? Given the period we're in is it buy time or sell time?
Going back to the OP, it's always buy time for any real bitcoin investor regardless of any price shifts, the price of bitcoin dropping after you have just made a purchase should not deter you from buying, it should instead be a motivation, you now get to buy at a cheaper rate than when you started which will ultimately bring you more profit while still accumulating because the price will eventually go up, there is never an off season for buying and investing in Bitcoin, everytime is buy time for any real investor. So just buy! buy!! buy!!! Everyone who has a good knowledge of Bitcoin and who wants to hold it for the long term considers Bitcoin's dip as an opportunity. Even if we want we will not be able to buy Bitcoin at the price it was in 2020. Even the lowest price of Bitcoin is unknown. It may also be that the market is not decreasing much from the current price. And if that happens, then even though the current price is high for many, those who are buying Bitcoin regularly should definitely not miss this opportunity. If you have discretionary income as an investor, then just buy regularly without being influenced by any kind of information, which may be able to give you significant returns in the long term. Although there is no certainty of profit when investing in Bitcoin, there is a lot that can be assured for long-term investors.
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Roseline492
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April 04, 2025, 12:53:48 PM |
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That’s why I usually tell folks not to think of diversifying until they have gotten some nice amount of bitcoin , before they should think of putting their funds in something else ( in for of diversification) , because it will affect their rate of accumulating bitcoin , shifting their resources to something else .
That's wrong mate, are you saying that the only thing somebody will do or have for the next 10 or 15 years they plan to hold must be only Bitcoin?, I doubt if anybody will do that because as life goes that's how we are meeting opportunities, so getting it doesn't have anything to do with your investment because the plans you have on that can never be disturbed by anything, for example you are giving a contact that worth a lot of money you cannot say since you are already investing on the Bitcoin that you cannot take it, however have you forgotten that there are people whose Bitcoin is there diversification?, they had other things before they started investing in Bitcoin so they cannot stop it to base only on Bitcoin since that one could also be fruitful, so actually so long as there is a continuity on your Bitcoin you can do other things.
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G_Besar
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April 04, 2025, 01:00:59 PM |
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Sometimes it is not actually greed rather it is misconception or misinformation, there are people that don't know the right coin to invest in that is why you see some persons investing in shitcoins thinking it is Bitcoin but they are still to be blame because they don't have to assume or conclude on what they are not sure of and some people because of what someone told them, they will follow suit without confirming the information first before taking action, that is a very wrong thing to do as someone that wants to learn and be successful in Bitcoin investment.
It would be very strange if someone thought that shitcoin was Bitcoin because no matter how stupid a beginner who wants to become an investor in Bitcoin, they can still ask whether it is Bitcoin or not because Bitcoin only has one name without any other name as a disguise and even if there is, there must be an additional name in front of it. So it's strange if beginners who receive information from other people immediately swallow it raw without investigating it further and they are silent without asking whether it is true or not. In fact, everyone who receives new information, whether it is about investment or other things, will definitely ask questions to have a clearer source for what they hear. Because those who do not ask further questions on every new information they receive, in the end they will also go astray on the wrong path which may be caused by making a mistake in determining their own choices. So asking is a very mandatory thing even in sectors that are already running on the right track, because it also functions to ensure whether it is really good or not.
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Marvelockg
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April 04, 2025, 01:24:02 PM Merited by JayJuanGee (1) |
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That’s why I usually tell folks not to think of diversifying until they have gotten some nice amount of bitcoin , before they should think of putting their funds in something else ( in for of diversification) , because it will affect their rate of accumulating bitcoin , shifting their resources to something else .
That's wrong mate, are you saying that the only thing somebody will do or have for the next 10 or 15 years they plan to hold must be only Bitcoin?, I doubt if anybody will do that because as life goes that's how we are meeting opportunities, so getting it doesn't have anything to do with your investment because the plans you have on that can never be disturbed by anything. I don't see anything wrong with what @I_Anime said. From all the threads' previous opinions by members, no one is even suggesting that while investing in Bitcoin, you should close your eyes to all the opportunities you might find along the way. in the real world, we all are involved in one business or the other, and some of us, while investing in Bitcoin, still handle one project, contract, or another. With that fully stated, someone who is intentional about his Bitcoin investment will find a way of balancing things up such that he can follow up with his investment plan and still handle another aspect of his life effectively. should you diversify when you are still at your accumulation phase? if you intend to get at least $20k worth of Bitcoin before looking at other sources or trying out other things, is it wrong to say that until you have built a good chunk of BTC, you won't think of diversification? if you looked at the concept of doing DCA while investing in Bitcoin, we have always advocated that you use like 20% of your income for that purpose so you can have the rest for your other needs. The allocation for emergency funds and the advice of working on improving one's stream of income while investing are things that tell you that an investor's life does not revolve around just Bitcoin. for example you are giving a contact that worth a lot of money you cannot say since you are already investing on the Bitcoin that you cannot take it
Does taking up a contract mean that you have to sell your Bitcoin holding before doing so? what happens if it is when there is a market correction? would you still sell part of your holding in loss just because you want to diversify? Have you heard of the statement, penny wise and pound foolish? it speaks volume of selling at loss just to diversify. have you forgotten that there are people whose Bitcoin is there diversification?, they had other things before they started investing in Bitcoin so they cannot stop it to base only on Bitcoin since that one could also be fruitful, so actually so long as there is a continuity on your Bitcoin you can do other things.
Have you forgotten that investing in Bitcoin means that you are buying Bitcoin, and how can you buy Bitcoin if you don't have what you are doing that is bringing you money? bitcoin investment does not hinder you from doing any other thing; it even helps fine-tune you to the need of being disciplined and dedicated to your source of income so you can consistently DCA without any form of interruption.
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Sim_card
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April 04, 2025, 01:39:31 PM Merited by JayJuanGee (1) |
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That’s why I usually tell folks not to think of diversifying until they have gotten some nice amount of bitcoin , before they should think of putting their funds in something else ( in for of diversification) , because it will affect their rate of accumulating bitcoin , shifting their resources to something else .
That's wrong mate, are you saying that the only thing somebody will do or have for the next 10 or 15 years they plan to hold must be only Bitcoin?, I doubt if anybody will do that because as life goes that's how we are meeting opportunities, so getting it doesn't have anything to do with your investment because the plans you have on that can never be disturbed by anything, for example you are giving a contact that worth a lot of money you cannot say since you are already investing on the Bitcoin that you cannot take it, however have you forgotten that there are people whose Bitcoin is there diversification?, they had other things before they started investing in Bitcoin so they cannot stop it to base only on Bitcoin since that one could also be fruitful, so actually so long as there is a continuity on your Bitcoin you can do other things. You are getting everything about diversification all wrong. When we mean diversifying into another investment, it means that the money that you are using for building your bitcoin investment will be channeled into a different kind of investment that's not on the same line with bitcoin. For example, bond, stock, cash equavilents, equity etc. It does not mean that you should not work or miss out the opportunity of increasing your income overtime when the opportunity comes. The reason why you don't need to diversify into any other asset when you are still in your bitcoin accumulation journey is so that you can stay focus and build your bitcoin portfolio with all seriousness, so that you can reach your bitcoin target quickly without having a diverted mind. If you are investing in bitcoin and at the same time diversifying, it will make you have little bitcoin in a long period of time. The only time that is good to diversify if you want is when you have reached your bitcoin target, and you don't feel secured with only your bitcoin investment, you can diversify into other asset so that one will balance the other when the market is not doing well. Don't forget that bitcoin gives the highest profit than any other investment, if you invest the same amount of money into bitcoin and other asset overtime. This is the major reason why you should be and grow your bitcoin investment first to your target before you should think of diversifying, and you should also have the knowledge on what you are diversifying into and how to do it, so that you don't do it wrongly and regret your actions.
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ZeroVinsonN
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It takes a second for treasure to become trash
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April 04, 2025, 02:00:10 PM |
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That’s why I usually tell folks not to think of diversifying until they have gotten some nice amount of bitcoin , before they should think of putting their funds in something else ( in for of diversification) , because it will affect their rate of accumulating bitcoin , shifting their resources to something else .
That's wrong mate, are you saying that the only thing somebody will do or have for the next 10 or 15 years they plan to hold must be only Bitcoin?, I doubt if anybody will do that because as life goes that's how we are meeting opportunities, so getting it doesn't have anything to do with your investment because the plans you have on that can never be disturbed by anything, for example you are giving a contact that worth a lot of money you cannot say since you are already investing on the Bitcoin that you cannot take it, however have you forgotten that there are people whose Bitcoin is there diversification?, they had other things before they started investing in Bitcoin so they cannot stop it to base only on Bitcoin since that one could also be fruitful, so actually so long as there is a continuity on your Bitcoin you can do other things. I think I_Anime meant diversification related to bitcoin and other altcoins, rather than putting your funds into different coins, just put them into bitcoin since bitcoin has a higher chance of success judging from how good it has performed over the years since it was launchedvtill date, most people who split the funds, investing some in bitcoin and other in shitcoins ultimately ended up regreting their decisions to not invest entirely in bitcoin, but this doesn't mean you should ignore opportunities outside of bitcoin, you could also invest in real estates, entertainment etc
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JayJuanGee
Legendary
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Self-Custody is a right. Say no to "non-custodial"
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April 04, 2025, 02:58:42 PM |
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[edited out]
Of course nobody could know for sure where bitcoin is going or could be going, but in hindsight there is now some basis for doing some comprehensible calculations. Those calculations can't be accurate except for hitting the bully eye out of pure luck, but they can now contain some reasonableness. Putting the total amount of a new asset class, in this case a digital asset class which was bound to develop in these digital ages, into perspective of total global assets could have provided an indication for the upside potential back in 2010,11,12 and afterwards. That is why I think there is still great upside for bitcoin, but relatively lower compared to what it was. This is not worth mentioning because any asset class that literally starts at zero has an almost unlimited upside potential, but I think you know what I mean. Bitcoin has tons of potential and I doubt that a shitcoin will take its place unless there is a hugely orchestrated move by dozens of the existing billionaires, but seeing how twitter tanked in value makes me confident that even an orchestrated move to shift value from bitcoin to another shitcoin network could go horribly wrong for them. I think that it is true that with something like a protocol layer asset like bitcoin and/or money, the challenger to the incumbent (bitcoin in this case), needs to be around 10x better or more in order to unseat the incumbent. Part of the reason that bitcoin is going to be unseating both gold and the dollar is because bitcoin is more than 10x better than either of those systems... even though it could still take 50-200 years for the unseating to take place and for bitcoin to mostly replace gold and/or the dollar. Sure, many things could happen in the next 50-200 years in order to change the dynamics and our to change the current trajectory, yet based on our current information, we should continue to recognize bitcoin as the dominant one in which all monetary value will flow, and it was also likely true 10 years ago or more and even more difficult to see, even though bitcoin's superiority should be within reach of being seen, even though surely it seems that a lot of normies continue to be confused about both what bitcoin is and/or to imagine that bitcoin is going to continue to eat away at the monetary value of a lot of assets that are currently monetized, since bitcoin is the superior and more efficient money. Even if we are talking about monetized assets, such as real estate, stocks, bonds, art & collectables, other commodities that are being used for their monetary value rather than for their utility value, many of these will be revalued to be closer to their utility value and the excess monetary and/or storage of value aspects being kept in those various other assets will flow into bitcoin as the superior and more efficient money (including bitcoin's storage of value aspect), yet of course, bitcoin is superior in regards to its other monetary attributes too, such as its transportability, verifiability, scarcity, divisibility, not needing a third party, cost savings, programability, and even bitcoin's non-physicality can be considered as an attribute when it comes to bitcoin's money qualities.. That’s why I usually tell folks not to think of diversifying until they have gotten some nice amount of bitcoin , before they should think of putting their funds in something else ( in for of diversification) , because it will affect their rate of accumulating bitcoin , shifting their resources to something else .
That's wrong mate, are you saying that the only thing somebody will do or have for the next 10 or 15 years they plan to hold must be only Bitcoin?, I doubt if anybody will do that because as life goes that's how we are meeting opportunities, so getting it doesn't have anything to do with your investment because the plans you have on that can never be disturbed by anything, for example you are giving a contact that worth a lot of money you cannot say since you are already investing on the Bitcoin that you cannot take it, however have you forgotten that there are people whose Bitcoin is there diversification?, they had other things before they started investing in Bitcoin so they cannot stop it to base only on Bitcoin since that one could also be fruitful, so actually so long as there is a continuity on your Bitcoin you can do other things. You are getting everything about diversification all wrong. When we mean diversifying into another investment, it means that the money that you are using for building your bitcoin investment will be channeled into a different kind of investment that's not on the same line with bitcoin. For example, bond, stock, cash equavilents, equity etc. It does not mean that you should not work or miss out the opportunity of increasing your income overtime when the opportunity comes. The reason why you don't need to diversify into any other asset when you are still in your bitcoin accumulation journey is so that you can stay focus and build your bitcoin portfolio with all seriousness, so that you can reach your bitcoin target quickly without having a diverted mind. If you are investing in bitcoin and at the same time diversifying, it will make you have little bitcoin in a long period of time. The only time that is good to diversify if you want is when you have reached your bitcoin target, and you don't feel secured with only your bitcoin investment, you can diversify into other asset so that one will balance the other when the market is not doing well. Don't forget that bitcoin gives the highest profit than any other investment, if you invest the same amount of money into bitcoin and other asset overtime. This is the major reason why you should be and grow your bitcoin investment first to your target before you should think of diversifying, and you should also have the knowledge on what you are diversifying into and how to do it, so that you don't do it wrongly and regret your actions. Part of the problem with diversification from the start of any investment is that there tends to be no reason to do it, unless you happen to already be starting with a lot of capital. Most people are not starting out with a lot of capital, so it takes a while to build up their capital and to also justify why diversification might be necessary and/or helpful in order to NOT have too much investment into any one asset or any one area. The perception of when diversification might become helpful to any particular person can be quite difficult to consider, since the person's individual factors will need to be accounted in regards to the various balances that are being made. I frequently suggest that ONLY investing into bitcoin while off-setting with dollars (or whatever other local fiat) can be quite a reasonable approach to investing into bitcoin, and perhaps there might not be any justification towards diversifying beyond dollars and bitcoin until perhaps once a person gets close to a year's income in bitcoin... but sure some guys could reasonably conclude that getting to 1/2 of a years income is sufficient enough to justify some kind of diversification, and surely there can be a variety of ways to diversify such as property, stocks, bonds, commodities and/or cash equivalents.. and another way of diversifying is getting involved in business interests that may or may not also require the active labor participation of the investor... .. so the answer to diversification is not completely straight-forward, even though shitcoiners wrongly use the term quite frequently to suggest that guys need to get involved and/or fuck around with shitcoins, and largely that is not true. .except sure if someone cannot resist the temptation to gamble with shitcoins, then hopefully he is limiting his exposure to shitcoins (in terms of time, energies and/or value) to less than 10% of his bitcoin investment... and largely there is not need at all to diversify into shitcoins since they are quite greatly correlated to bitcoin in the first place.
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1) Self-Custody is a right. Resist being labelled as: "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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SOKO-DEKE
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April 04, 2025, 02:58:55 PM Merited by JayJuanGee (1) |
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That’s why I usually tell folks not to think of diversifying until they have gotten some nice amount of bitcoin , before they should think of putting their funds in something else ( in for of diversification) , because it will affect their rate of accumulating bitcoin , shifting their resources to something else .
That's wrong mate, are you saying that the only thing somebody will do or have for the next 10 or 15 years they plan to hold must be only Bitcoin?, I doubt if anybody will do that because as life goes that's how we are meeting opportunities, so getting it doesn't have anything to do with your investment because the plans you have on that can never be disturbed by anything, for example you are giving a contact that worth a lot of money you cannot say since you are already investing on the Bitcoin that you cannot take it, however have you forgotten that there are people whose Bitcoin is there diversification?, they had other things before they started investing in Bitcoin so they cannot stop it to base only on Bitcoin since that one could also be fruitful, so actually so long as there is a continuity on your Bitcoin you can do other things. I think you are getting him wrong, Roseline492. If you had followed the person Anime quoted, you would have understood it better because all it's saying is that once someone is building their portfolio, they should not try to diversify into any other coin. They should fully focus on accumulating their Bitcoin instead of thinking about diversifying into shitcoins, thinking they can make money there too.We all know that altcoins are just about gambling, so we should forget about diversifying into altcoins. In fact, it doesn’t even make any sense when you’re still accumulating Bitcoin and haven’t reached your target, yet you’re already trying to diversify. In this life, if we want to succeed in anything we do, we need to focus. Constantly shifting our focus will never help us achieve our goals.Do you know that some people even go as far as selling their Bitcoin just because of this idea of diversifying? They believe what they’re diversifying into might bring them huge profits and they’re not even sure of. Because let’s be honest, anything in life involves risk.
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Solokan
Sr. Member
  
Offline
Activity: 1162
Merit: 435
Rollbit.com
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April 04, 2025, 03:23:05 PM |
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I'm on the side of bye bye bye (nsync) right now. Bitcoin is not cheap but it's not expensive either. You better stack more and if it goes down you can buy cheaper but if it goes up you don't regret because you already bought it. BTC is stable. Other coins - not so much. Other coins are only for pumping and dumping and in the end stacking more sats. They have no other purpose. it is true that currently btc can be said to be neither expensive nor cheap because currently it is at a moderate price. which is certain that people who buy now will certainly be lucky as long as they hold it for the long term. yes, the point is that now is certainly a golden opportunity to buy btc because no matter what, of course, if we keep it for more than 10 years, of course, we will not regret buying btc today. it is true that if there is a price drop, it must be used to accumulate btc because it is indeed a good opportunity because of course in the future, for example, over 10 years, we will not necessarily find a sharp decline in the price of btc, while the decline will definitely not be like it is now. so take advantage of the moment to buy btc which is certainly for people who are interested and have an interest in investing in btc. Yes, Most altcoins do not have a bright future, which is certainly different from bitcoin, which certainly has a bright future because btc is decentralized. while altcoins are not fully decentralized. so it's no wonder altcoins always claim victims.
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I_Anime
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April 04, 2025, 03:44:57 PM |
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That’s why I usually tell folks not to think of diversifying until they have gotten some nice amount of bitcoin , before they should think of putting their funds in something else ( in for of diversification) , because it will affect their rate of accumulating bitcoin , shifting their resources to something else .
That's wrong mate, are you saying that the only thing somebody will do or have for the next 10 or 15 years they plan to hold must be only Bitcoin?, I doubt if anybody will do that because as life goes that's how we are meeting opportunities, so getting it doesn't have anything to do with your investment because the plans you have on that can never be disturbed by anything, for example you are giving a contact that worth a lot of money you cannot say since you are already investing on the Bitcoin that you cannot take it, however have you forgotten that there are people whose Bitcoin is there diversification?, they had other things before they started investing in Bitcoin so they cannot stop it to base only on Bitcoin since that one could also be fruitful, so actually so long as there is a continuity on your Bitcoin you can do other things. Your investment is different from your normal day jobs , let me try and break it down in a way you will easily grasp it , for instance have a job that I am making like $1k monthly , so I came to a thought one that I need to have some kind of investment that will help me in a long run , then I decided to take bitcoin investment as my first due to the fact that I understand how it works to some extent and the potential in it , so first I will have to start accumulating bitcoin in order to secure some good stack for myself , in order for me to hit my target goal of accumulation fast, I will have to focus some certain percentage of my income there to make sure I was able to hit the goal with focusing on other investments for now so that I will be able to build a better one in my bitcoin accumulation. So after i have gotten to that target then I may decide to invest on other things, outside this space ( not buying other coins ( shitcoins ) ) , so I can invest in real estate , even in agriculture and stuff , in order to have things that I can use to back up what am doing , because you can’t just depend on salary or working in a long run, because you will surely get to point when you will have to retire, then your investment may serve as your source then .
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Moreno233
Sr. Member
  
Offline
Activity: 1036
Merit: 451
Trust the process, imbibe consistency
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April 04, 2025, 03:48:07 PM |
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I'm on the side of bye bye bye (nsync) right now. Bitcoin is not cheap but it's not expensive either. You better stack more and if it goes down you can buy cheaper but if it goes up you don't regret because you already bought it. BTC is stable. Other coins - not so much. Other coins are only for pumping and dumping and in the end stacking more sats. They have no other purpose. it is true that currently btc can be said to be neither expensive nor cheap because currently it is at a moderate price. which is certain that people who buy now will certainly be lucky as long as they hold it for the long term. yes, the point is that now is certainly a golden opportunity to buy btc because no matter what, of course, if we keep it for more than 10 years, of course, we will not regret buying btc today. The price of Bitcoin does not really matter, what you should do is always buy any month of money you have and HODL and your money will keep growing over the years. You must not buy 1BTC at once neither must you buy a specific quantity of Bitcoin, no law or condition states that instead we should be more concerned with buying the amount of money we consider as discretionary income and save the Bitcoin properly for the future. This argument of Bitcoin being too expensive will keep occurring and those who will pay attention to it might miss buying Bitcoin now due to discouragement, forgetting that one can buy Bitcoin with as little as $10 and still be doing well when done continuously over a long period of time. This is the privilege we have not that we should all take advantage of. There is not competition in this since it is an investment that should be a personal thing. So check your finances and invest accordingly, bearing in mind that you ought to hold for a long time to realize good benefits from your investment.
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Tmoonz
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April 04, 2025, 03:52:21 PM Last edit: April 04, 2025, 04:39:46 PM by Tmoonz |
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I'm on the side of bye bye bye (nsync) right now. Bitcoin is not cheap but it's not expensive either. You better stack more and if it goes down you can buy cheaper but if it goes up you don't regret because you already bought it. BTC is stable. Other coins - not so much. Other coins are only for pumping and dumping and in the end stacking more sats. They have no other purpose. it is true that currently btc can be said to be neither expensive nor cheap because currently it is at a moderate price. which is certain that people who buy now will certainly be lucky as long as they hold it for the long term. yes, the point is that now is certainly a golden opportunity to buy btc because no matter what, of course, if we keep it for more than 10 years, of course, we will not regret buying btc today. it is true that if there is a price drop, it must be used to accumulate btc because it is indeed a good opportunity because of course in the future, for example, over 10 years, we will not necessarily find a sharp decline in the price of btc, while the decline will definitely not be like it is now. so take advantage of the moment to buy btc which is certainly for people who are interested and have an interest in investing in btc. Yes, Most altcoins do not have a bright future, which is certainly different from bitcoin, which certainly has a bright future because btc is decentralized. while altcoins are not fully decentralized. so it's no wonder altcoins always claim victims. In best interest, it is always advisable that anyone that is interested or have interest in investing in Bitcoin should have nothing to worry about the buying point or any current price of Bitcoin rather they should focus more on buying Bitcoin at any price points whether in decline or not because Bitcoin is still a growing asset such that anyone interested in buying should think more about the future and not the present, it is more ideal to take advantage of any market conditions that present it's provided the investment money (discretionary income) is readily available which is best picture anyone interested in investing in Bitcoin should have. This statement in the second bolded part is more like suggesting that or giving credit to some coins to be less shitty than the others while we are meant to treat them the same way, Bitcoin is the only coin that stands out on it's own, and you can't categorically say of any other coins except Bitcoin that has a bright future. However, for those who feels that they can not resist the temptation of involving in altcoins it is advisable not to do more than 10 percent size of your bitcon in to them.
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Derekfunds
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April 04, 2025, 04:30:39 PM |
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That’s why I usually tell folks not to think of diversifying until they have gotten some nice amount of bitcoin , before they should think of putting their funds in something else ( in for of diversification) , because it will affect their rate of accumulating bitcoin , shifting their resources to something else .
That's wrong mate, are you saying that the only thing somebody will do or have for the next 10 or 15 years they plan to hold must be only Bitcoin?, I doubt if anybody will do that because as life goes that's how we are meeting opportunities, so getting it doesn't have anything to do with your investment because the plans you have on that can never be disturbed by anything, for example you are giving a contact that worth a lot of money you cannot say since you are already investing on the Bitcoin that you cannot take it, however have you forgotten that there are people whose Bitcoin is there diversification?, they had other things before they started investing in Bitcoin so they cannot stop it to base only on Bitcoin since that one could also be fruitful, so actually so long as there is a continuity on your Bitcoin you can do other things. I think you are getting him wrong, Roseline492. If you had followed the person Anime quoted, you would have understood it better because all it's saying is that once someone is building their portfolio, they should not try to diversify into any other coin. They should fully focus on accumulating their Bitcoin instead of thinking about diversifying into shitcoins, thinking they can make money there too.We all know that altcoins are just about gambling, so we should forget about diversifying into altcoins. In fact, it doesn’t even make any sense when you’re still accumulating Bitcoin and haven’t reached your target, yet you’re already trying to diversify. In this life, if we want to succeed in anything we do, we need to focus. Constantly shifting our focus will never help us achieve our goals.Do you know that some people even go as far as selling their Bitcoin just because of this idea of diversifying? They believe what they’re diversifying into might bring them huge profits and they’re not even sure of. Because let’s be honest, anything in life involves risk. I don't see anything wrong in diversifying ones investment when you have all it takes and you have the capacity to manage your investment judiciously but it becomes wrong and bad when you don't have the capacity to do both at same time and again even if you want to diversify, your Bitcoin investment should be your priority. However, shifting focus from Bitcoin investment to shitcoin and altcoins is not advisable but in the outside world you need to try everything in order to survive.
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Barikui1
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April 04, 2025, 04:34:23 PM |
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I'm on the side of bye bye bye (nsync) right now. Bitcoin is not cheap but it's not expensive either. You better stack more and if it goes down you can buy cheaper but if it goes up you don't regret because you already bought it. BTC is stable. Other coins - not so much. Other coins are only for pumping and dumping and in the end stacking more sats. They have no other purpose. Yes, Most altcoins do not have a bright future, which is certainly different from bitcoin, which certainly has a bright future because btc is decentralized. while altcoins are not fully decentralized. so it's no wonder altcoins always claim victims. This your statement here sounds laughable hearing it because to the best of my own understanding, it's only like 1% of alt coin that is worth investing which is enthereum or bnb, aside both of this coin, I cant even gamble on any of them, but the way you sounds, it's as if a whooping 50% of it are reliable which is never true. I don't see alt coin or meme as something worth investing in because they fail more than they rise, it's only enthereum and bnb that has proven otherwise, but the rest can never recover back to where it fell from, unlike Bitcoin that always rally back to a greater and better heights anytime it fell in price, so taking such risk with my hard earned money in alt coin investment is actually a terrible mistake to be taking, especially when you have not even accumulated enough unit of Bitcoin, so it's best we channel all our energy and resources to a more reliable asset which is Bitcoin, than gambling on alt coin that is more of gambling than investing.
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