Bitcoin no be old school

[Grace333]

Hello guys, it's been a while since I opted out of the forum due to some personal reasons that affected my schedule. Anyway I'm back and hoping to learn and communicate with my forum family. During my absence from the forum, I met a group of Investors who stated how they have been able to make lots of money via trading of altcoins. They said they'll buy at lower price mostly when the coin hasn't gotten enough volume of trade and market cap, then wait for it to increase in value and then sell. With the way they explained it, it seems they are using quite a huge amount to buy so they'll make enough profit from it, and they have been successfully with that pattern. But what really made me joined their discussion is when I heard them say "Bitcoin na old school na, na for old men". After hearing this I had to engage in an argument with them with the little knowledge I have acquired from this forum and my research, but they keep insisting that trend is the best and quickest way to make it from crypto.

My thought is, the fact that trends of nowadays can easily give a trader more profit than Bitcoin investment doesn't mean Bitcoin investment is for old people. I believe if they were among the first set of person who bought Bitcoin at a cheaper price, they wouldn't have made that statement, but because they came to the market late they feel one can make good profits from Bitcoin investment. Besides Bitcoin is know as a long term project, meaning if you exercise patience you'll be able to taste from the profit that lies in it. And with the current ATH, I believe Bitcoin is not yet done, scarcity will continue to increase as more investors enters into holding and that will cause a price increase.

Those who are yet to buy, don't loose hope because, you will eventually appreciate yourself in the future for keeping your believe in Bitcoin.

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[Hatchy]

There are different ways to make money through crypto, just as Bitcoin is the best for most members here on the forum, there are other coins that people can make a lot too in the same crypto industry. It depends on how you were introduced and what you were introduced to. I've seen some sets of people also which like thinking as the guys in your post op, they were all big boys and if you had seen them, you may thing they were all fraudster. I just tried to ask them what they were into and they said it was defi trading.

The same explanation you made in your post. Where they buy large quality when low and sell high. They called it rugging a coin. They were like potential investors who influenced the price of any new coins and when it's value goes up, they dump it and make their profit. so what I'm saying is that it really depends on what you were taught and how good you learnt it. If they say Bitcoin is old then, it clearly shows they lack knowledge of Bitcoin. So no need to stress much.

[Barikui1]

To me actually, I see things differently, because i believe that in this life we found ourselves, we all have eyes, and look, but we see differently, so I believe that everyone has he or her ways of doing things, my take on what you just said is that, you as a newbie, try not to be influence by most of this influencer, because you will eventually get burn, you,  you are not knowledgeable enough to do proper research on your own, so it's best you stay off, if not, your investment will get burned, because that what you get when you invest in wrong alt or shit coin,  lastly, you need to understand that most of this people are targeting newbies like you or people that have no knowledge about cryptocurrency, so if you have seen the light, try not to be influence by someone in the dark.

[Mate2237]

It sounds alt... Everyone has their own way of making money in the cryptocurrency ecosystem market. So if those guys choose altcoins to bitcoin it is their choice but they should not compare those altcoins to bitcoin because even the market cap bitcoin is greater than those coins. If anyone is interested to make money in the cryptocurrency market then trading is always there for tour but you have to understand and master the movement of the market and the entry and exist point in the market. And if they can use altcoins then they can equally use bitcoin bad if they are investing with those altcoins then bitcoin is the best to invest with because bitcoin has the potential to give them more profit than those coins. And if they are calling bitcoin an old model then they don't understand the market and the season. Bitcoin is for all seasons and it is very good in the long term investment plan.

How many old people do know how to invest in bitcoin? That statement is allusion and not in reality. Bitcoin is purely for  kiakiaboys (young people). Bitcoin is a seasonal investment business and that is why there are two seasons in it. We have the baer market season and the Bull Market season. So if anyone is interested to join the investment plan of bitcoin then he has to start it in the bear market which is also known as the dip. You buy in the dip and hodle till the bull market time then you sell it. Op don't deceive by anyone that bitcoin is for old people. In your environment how many old people are using bitcoin and as for my area, I have not seen any old man and all are young people. Bitcoin is still aiming to hit $100k so you can still invest now.

[teamsherry]

Hello guys, it's been a while since I opted out of the forum due to some personal reasons that affected my schedule. Anyway I'm back and hoping to learn and communicate with my forum family. During my absence from the forum, I met a group of Investors who stated how they have been able to make lots of money via trading of altcoins. They said they'll buy at lower price mostly when the coin hasn't gotten enough volume of trade and market cap, then wait for it to increase in value and then sell. With the way they explained it, it seems they are using quite a huge amount to buy so they'll make enough profit from it, and they have been successfully with that pattern. But what really made me joined their discussion is when I heard them say "Bitcoin na old school na, na for old men". After hearing this I had to engage in an argument with them with the little knowledge I have acquired from this forum and my research, but they keep insisting that trend is the best and quickest way to make it from crypto.

My thought is, the fact that trends of nowadays can easily give a trader more profit than Bitcoin investment doesn't mean Bitcoin investment is for old people. I believe if they were among the first set of person who bought Bitcoin at a cheaper price, they wouldn't have made that statement, but because they came to the market late they feel one can make good profits from Bitcoin investment. Besides Bitcoin is know as a long term project, meaning if you exercise patience you'll be able to taste from the profit that lies in it. And with the current ATH, I believe Bitcoin is not yet done, scarcity will continue to increase as more investors enters into holding and that will cause a price increase.

Those who are yet to buy, don't loose hope because, you will eventually appreciate yourself in the future for keeping your believe in Bitcoin.

There are many ways to make money in her crypto sector and yeah trading is one of them, but timing these coins or identifying the once with good potentials is a problem and there are lots of scam projects been introduced everyday to the alt sector, your guys must have a lot of experience in identifying this coins or maybe are part of some group that gives good updates, you can never tell.

[Y3shot]

It sounds so foolish to say Bitcoin is old to invest in it. Is it not better to invest in something that is old that you are sure about,  something that is old that is very reliable to invest, something that is old that other cryptocurrencies are looking up to. It is better for me to go after something that paves way for others than going after something thst is a copy cat. All altcoins are just copy cat, if not for bitcoin they won't be existing. We have altcoins today because of bitcoin, it will be so risky to depend on altcoins.

[Makus]

Definitely, if to say them start to hold from when Bitcoin dey the range of $100 them for no talk that kind thing, because them for fit buy up to 100 of Bitcoin  and if them get patience enough come wait until the price reach where e dey today so, them for know say na Bitcoin be the best cryptocurrency for the entire world. Some person dey reason am say Bitcoin don too go up na why them no fit invest again, but I believe say, in the next 6 years them go still talk say, had it been I know that time, wey e just beat ATH I for buy. Just as the op talk, the concept of scarcity and price increase when demand remains constant or increase, na one fundamental law wey must take place no matter what, so definitely the price of Bitcoin go increase pass like this. Any amount wey you fit put in, as Bitcoin dey increase, your money sef dey increase with that same percentage.

[AVE5]

Hello dear, as underlined that you learnt and still learning from the forum, it should had been expected to have acquired basically security knowledges about bitcoin and the crypto currencies at large concerning how to keep your seed phrases and your holdings so privately.
It was unnecessary and risky of you partaking on bitcoin or crypto discussions with people out there. If I'm not mistaking, you never said they're are your homies so it's obvious that you jumped into crypto discussion that's not of your concern.

If you've to discuss about bitcoin, it's better be with your homies and not one of the strangers and such discussions mustn't being the public else you'd be attracted to danger and those out there who're hunting for bitcoin holders to extort or fraud wouldn't care if you were only having a mere discussion about bitcoin but all they'll be sighted about is that if you can be so knowledgeable about bitcoin, then you must be one of the investors which have just exposed you to danger.

Those you got having bitcoin discussions there in the public might not have been opportuned to be in this forum in learning more about bitcoin and the other crypto currencies including building of security gadgets of their holdings in the Crypto industry. So I hope you don't have to get yourself loosed out there simply because you came across other bitcoin Investors like you're out there in the public.

Those folks of the saying that bitcoin na old school can't really be argued because literally old folks happens to act more carefully and disengaging on risky factors and are so contented with the little dividend they can get at the course of chasing incomes. They're more of considering reputations with reliabilities whereas, they wouldn't be stressed out with emotional breakdowns based on the industry potentials. So practically they chooses bitcoin to be a best fitted crypto currency for their investments.

Shey na we dey say wetin old man sit dey sight from afar, even when a young boy climb tower or tree e no go for see am.

So this context, let's just say these are young people who're not patient enough to see their assets grows and they're not concerned about reliabilities also as reliabilities. All they cares I just what'd give them the quick incomes without undermining the potentialities of losing their funds at their investments. They're so blind to understand that bicoin would always keep to be an advanced crypto currency as they may ascribed it to be an old folk crypto currency for older men. They ignores to emulate from experience investors who're the old folks bitcoin Investors whom had attained great knowledges about the crypto industry.
As long as criticism on bitcoin can't change the potential capacities of digital currency, they're just believed to be gambling with their funds of being ignorant to understand the potentials of bitcoin.

[Churchillvv]

From my perspective what the guys in the conversation meant is quite different from what you perceived it to be. I think what this guys where actually saying is that bitcoin is not long a childish coin that one should play around with it, it should be taken as a serious investment rather than a coin for trading fir quick profit. What they mean in disguise is "bitcoin is not a get rich quick scheme". But you OP failed to view it from their perspective.

I believe this people who are succeeding with the new market strategy are not new to the space so they know there left and right in the crypto-sphere. Since bitcoin isn't a get rich quick scheme they have decided to settle for less, which is trade altcoins (shitcoins/memecoins) in order to generate quick profit now that we are in the greenish seasons of coins, so they buy at low price or the price at which the coin is about to be launched and then sell when it has been published big. I think I should even follow this steps and make huge from fit than argue that bitcoin isn't old school.

Perhaps we all love bitcoin but when it comes to quick profit we shouldn't be mentioning bitcoin any more and that's exactly what your guys where doing. They most have bitcoin in their portfolio as a long term investment but shitcoins for trading and quick profit.

That's my view of the bitcoin is old school statement, and if you're rational enough in think you will agree with me.

[Gormicsta]

Hello guys, it's been a while since I opted out of the forum due to some personal reasons that affected my schedule. Anyway I'm back and hoping to learn and communicate with my forum family. During my absence from the forum, I met a group of Investors who stated how they have been able to make lots of money via trading of altcoins. They said they'll buy at lower price mostly when the coin hasn't gotten enough volume of trade and market cap, then wait for it to increase in value and then sell. With the way they explained it, it seems they are using quite a huge amount to buy so they'll make enough profit from it, and they have been successfully with that pattern. But what really made me joined their discussion is when I heard them say "Bitcoin na old school na, na for old men". After hearing this I had to engage in an argument with them with the little knowledge I have acquired from this forum and my research, but they keep insisting that trend is the best and quickest way to make it from crypto.

My thought is, the fact that trends of nowadays can easily give a trader more profit than Bitcoin investment doesn't mean Bitcoin investment is for old people. I believe if they were among the first set of person who bought Bitcoin at a cheaper price, they wouldn't have made that statement, but because they came to the market late they feel one can make good profits from Bitcoin investment. Besides Bitcoin is know as a long term project, meaning if you exercise patience you'll be able to taste from the profit that lies in it. And with the current ATH, I believe Bitcoin is not yet done, scarcity will continue to increase as more investors enters into holding and that will cause a price increase.

Those who are yet to buy, don't loose hope because, you will eventually appreciate yourself in the future for keeping your believe in Bitcoin.

Of course Bitcoin no be today e dey o, Bitcoin na old school and if na dat time wey person put serious for Bitcoin now, na e person put before, by now we for don hama, millionaire for be understatement self, we for rich over die, but den nothing we call am, we just think say na scam but now just see as e don be now, na e dey pay some people now but even as dat e get some people for this our time, wey still dey talk say Bitcoin na scam and wen some even managed join, dey go dey talk like say na dem get Bitcoin itself, dem no go gree learn from person, dem dey always do oversabi.

[Miles2006]

From what you wrote you'll definitely understand that this set of people in the crypto space want the quick money and fast profit nothing else, when I see people like this there's no point arguing cause they've gone far with making money from tokens besides they still earn unlike some investors who are not Lucky enough and sometimes fail to buy a profitable token for the quick profit. What do they mean calling bitcoin an old school? Sometimes when making argument you need to turn it to be in favour of what you're supporting, if bitcoin should be called an old school it's still valued regardless, structured, a real investment just like the old school unlike nowadays, referring something as an old school is something that's set with standard from the beginning. Bitcoin still remain bitcoin regardless peoples opinion.

[DubemIfedigbo001]

Hello guys, it's been a while since I opted out of the forum due to some personal reasons that affected my schedule. Anyway I'm back and hoping to learn and communicate with my forum family. During my absence from the forum, I met a group of Investors who stated how they have been able to make lots of money via trading of altcoins. They said they'll buy at lower price mostly when the coin hasn't gotten enough volume of trade and market cap, then wait for it to increase in value and then sell. With the way they explained it, it seems they are using quite a huge amount to buy so they'll make enough profit from it, and they have been successfully with that pattern.

Yeah, I can relate to this activity, I actually have one friend like that who buys altcoins and waits for even the slightest pumps in their prizes, when he detects something meaningful, he sells his coins, takes away the profits and waits for the price to drop before using the same amount to buy same or more quantity of altcoins and the cycle begins again. I really do not fault his approach because most altcoins are not serious or consistent projects that should be trusted and least you can do is to make immediate gains from it as the worst is expected anytime.

But what really made me joined their discussion is when I heard them say "Bitcoin na old school na, na for old men". After hearing this I had to engage in an argument with them with the little knowledge I have acquired from this forum and my research, but they keep insisting that trend is the best and quickest way to make it from crypto.

You know my dear, life can really be difficult for the blind, so it's important you pity them. The greatest issue spans from the fact that some people are blind, and they do not want to be led properly to a comfortable zone. You need not argue with them, it's obvious they are all gamblers or just traders and not investors. A bitcoin investor deals with a longer period of investment, and they are not prepared to trade that lane. You can leave them to their ignorance, it might interest you to know that my own biological sister still believes that bitcoin will crash one day. I don't have strength to argue anymore with them, I'll keep updating them with its performance and the milestones it has achieved and hopefully one day, they can see properly and join us on the right track

[Promocodeudo]

Bitcoin is an innovation, so an innovation can never be old school, there are several benefits attached to Bitcoin and this benefits can gotten through information, as a Bitcoin enthusiast you grow your knowledge in it by making your research and being more open at any time for more information, bitcoin has reshaped the world money mindset in such a way that we don't longer see it as digital money only but as an asset with much more value than other asset, just imagine how much people has made from Bitcoin in just a twinkle of an eye, bitcoin is modern technology that has come to solve money problem to an extent.

[letteredhub]

It sounds so foolish to say Bitcoin is old to invest in it. Is it not better to invest in something that is old that you are sure about,  something that is old that is very reliable to invest, something that is old that other cryptocurrencies are looking up to. It is better for me to go after something that paves way for others than going after something thst is a copy cat. All altcoins are just copy cat, if not for bitcoin they won't be existing. We have altcoins today because of bitcoin, it will be so risky to depend on altcoins.

About human beings, they are always in the look for new things neglecting the old that that is with the originality from which all other new were created. And in every creation of things especially technology, the first invention is that which all others will want to imitate. But the truth is that imitation can never be as originality no matter how furnished and attractive design. Nevertheless, bitcoin has not yet reached a stage it could be referred to as old, if we call bitcoin old what then could we refer to gold as?

[Gormicsta]

To me actually, I see things differently, because i believe that in this life we found ourselves, we all have eyes, and look, but we see differently, so I believe that everyone has he or her ways of doing things, my take on what you just said is that, you as a newbie, try not to be influence by most of this influencer, because you will eventually get burn, you,  you are not knowledgeable enough to do proper research on your own, so it's best you stay off, if not, your investment will get burned, because that what you get when you invest in wrong alt or shit coin,  lastly, you need to understand that most of this people are targeting newbies like you or people that have no knowledge about cryptocurrency, so if you have seen the light, try not to be influence by someone in the dark.

I truly appreciate your point of view, and I completely think that it is critical for people to conduct their own study as well as make choices according to their own comprehension instead of merely adhering to the opinions of others. So, I believe one of the most essential tools is CoinGecko, which gives comparable knowledge to CoinMarketCap yet adds a "Hype Score" for each currency. This score is calculated using characteristics such as online platforms states, web traffic, as well as price fluctuations. I think it's a terrific method to gauge the popularity of a specific currency, and it may help you identify possible hype cycles. Finally, I recommend checking out forums like r/CryptoCurrency and r/Bitcoin, which may be wonderful sources of knowledge and conversation on the most recent information and advancements in the cryptocurrency world. And, as you noted, numerous personalities are driven by their own wealth rather than an honest desire to teach others. So, when it comes to cryptocurrency investment, investigations are extremely important.

[Gozie51]

From what you wrote you'll definitely understand that this set of people in the crypto space want the quick money and fast profit nothing else, ...

My brother nothing dey wrong with making fast money and everything dey right with it if na genuine way and crypto investment na genuine way and people dey cash out big not even from btc. Everything na package and plan. If you plan and target well, you fit take a particular shit coin take hammer very well. I remember how people take use dogecoin take hammer two years ago when Elon musk hype am and the coin reach ATH of around $0.70 or so. Even Shiba Inu don give plenty people better money back then. The thing na to look at the prospect of the coin and hope that it will favour you.

One thing about shit coins be say dem dey cheap die and if you gather millions of it keep you fit dey lucky say the crypto hype and bull season go make am too increase and any little increase na better money for you.

Talking about quick money, some investors never even dey invest for shit coin self, dem dey wait for the real btc bull so dat it will also touch the shitcoins and dem buy to follow the ride .

If dem dey call btc old school, I think say dem mean say there are other coins wey dey give ROI pass btc, maybe like some shitcoins. Or maybe dem dey trade am and not just to hodl.

[Samlucky O]

One thing that makes people to see bitcoin as old school is that they think bitcoin is too expensive to afford and no matter the amount you buy, it will take time to grow. For example it takes bitcoin time to complete a %50 or a %100 most people who made their money from Bitcoin are the whales who bought Bitcoin like 5 10 or 15 Bitcoins, those are people who make more profit in a short term but those who invested a little amount may not be able to make profit as early as possible because of inpatient. And I believe those that called bitcoin an old school are the inpatient ones

Those Calling btc an old school may not be far from the truth because the old school I understand there is patient. And only mature minds can be patients to HODL because bitcoin is not for children but for mature people. Maturity may not only be age but mindset.

Everyone have there narrative on how they invest. There are thousands of Cryptocurrency in the market and people have the right to make their choices. Sometimes the choices may be juicy because they buy and make profit of X2 x3, but trust me, they will only regret not investing in bitcoin after they might be disappointed in altcoin investment. Many people have been there before and see how it all played but latter bow down to the king of the jungle bitcoin. I believe it's not yet time for them to understand. Sooner they will understand the true meaning of why they called bitcoin old school, because old school still remain the best.

[Adams0001]

It sounds so foolish to say Bitcoin is old to invest in it. Is it not better to invest in something that is old that you are sure about,  something that is old that is very reliable to invest, something that is old that other cryptocurrencies are looking up to. It is better for me to go after something that paves way for others than going after something thst is a copy cat. All altcoins are just copy cat, if not for bitcoin they won't be existing. We have altcoins today because of bitcoin, it will be so risky to depend on altcoins.

People who say Bitcoin is too old to invest are those who have no knowledge of it and want to confuse people who want to invest so they can be like them without features. Anyone who understands bitcoin will never say such things to anyone who is interested in bitcoin investment. I think because bitcoin has reached many years now and still exist and people are getting profit from it and I think he doesn't get anyone that will guide him on his investment journey that is why he is telling someone to know engage on it because it is an old version, anything that is old and is still bringing profit to people he will never call something old. He will be new things because every day bitcoin is decrease and increases and he can never be call something weak,  Op i will advise you, you should go and tell him he should go and learn more about bitcoin before he can says something because he don't have evidence to prove on bitcoin or is just hearing about bitcoin for years but he don't know what is it.

[Jaycoinz]

It sounds so foolish to say Bitcoin is old to invest in it. Is it not better to invest in something that is old that you are sure about,  something that is old that is very reliable to invest, something that is old that other cryptocurrencies are looking up to. It is better for me to go after something that paves way for others than going after something thst is a copy cat. All altcoins are just copy cat, if not for bitcoin they won't be existing. We have altcoins today because of bitcoin, it will be so risky to depend on altcoins.

People who say Bitcoin is too old to invest are those who have no knowledge of it and want to confuse people who want to invest so they can be like them without features. Anyone who understands bitcoin will never say such things to anyone who is interested in bitcoin investment. I think because bitcoin has reached many years now and still exist and people are getting profit from it and I think he doesn't get anyone that will guide him on his investment journey that is why he is telling someone to know engage on it because it is an old version, anything that is old and is still bringing profit to people he will never call something old. He will be new things because every day bitcoin is decrease and increases and he can never be call something weak,  Op i will advise you, you should go and tell him he should go and learn more about bitcoin before he can says something because he don't have evidence to prove on bitcoin or is just hearing about bitcoin for years but he don't know what is it.

If you know the countless times I have heard this rubbish from folks that don't understand Bitcoin and claim they do, you would be surprised. Sometimes ignorance is actually the best to such people because they are confident claiming that they understand but the truth is that Bitcoin is never old for an investment, I believe the bear season will grips us again and the price of Bitcoin will fall down again and it's same circle that will allow people to get up the investment game on once more but if you still want to buy now it's still a welcomed idea because I believe is heading to touch 100k this year and looking at the current price, you can still rustle up a couple of bucks from an investment on it.

[Grace333]

Exactly my point, they think they have known it all just because Bitcoin didn't give them a quick profit. Bitcoin is actually a long term project, and it should be kept that way, rather than comparing it with altcoins.