Found This Stupid Promotion Circulating on Social Media

[tabas]

Do you still believe in Bitcoin and do you guys are still following the same pattern of converting some of your earned crypto to Bitcoin?

Yes and yes.
There is no reason for me to start unbelieving with Bitcoin, in fact I guess that majority here have the biggest share of their stash for Bitcoin. And if you guys are also holding some altcoins, it is for sure that you're going to convert it to Bitcoin anyway. If not, you're only waiting for the right time to buy it. Basically, what people are doing is they are dumping their Bitcoins for these altcoins because they think that gains are higher there than of just plainly holding it.

[Forsyth Jones]

I am not aware of what is happening now as I am too busy accumulating more Bitcoins. While, some of you are still trading altcoins or meme coins and I would like to ask from you guys that;

Do you still believe in Bitcoin and do you guys are still following the same pattern of converting some of your earned crypto to Bitcoin?

Yes, I still believe in the orange coin, I am grateful to Bitcoin for everything, it changed my life for the better. From time to time I buy some alts, but as soon as they appreciate significantly or as long as they are performing well, I will convert them into BTC.

As for memecoins, I haven't invested in any of them yet and I don't even know if I'm going to do that yet, and if I do, of course I'll invest around 1% of my capital.

Bitcoin is king and his reign will last for a long time.

[Stalker22]

I think many people who invest in memecoins are just hoping to get rich quick.  But other folks actually have faith that these things could turn into real long-term investments.

To answer your questions - yeah, Im still bullish on Bitcoin in the long run.  Its got name recognition and there is only so many Bitcoins out there, so it feels like a solid way to preserve value. I dont own any altcoins myself, so no need to convert anything.  Some of the ideas backing the altcoins seem neat but Bitcoin feels more stable and thats more attractive to me.

[SatoPrincess]

Notcoin is quite popular in my country, those who played the game on telegram and accumulated the coins were able to sell their coins when Notcoin went live. This sparked a lot of reactions especially from people who were not in the crypto space, now everyone is caught up in the frenzy, a lot of token games have emerged on telegram since then. And people join these games because they are afraid of missing out. I think this has been the order of things for a long time. People are drawn to freebies hence the popularity of airdrops and tokens. Often times, Bitcoin is the last resort for investors who have lost money investing in altcoins and Defi projects.

I read a topic recently and I think the OP summed it perfectly:
 

altcoins=>tokens=>airdrop>bitcoin

[darkangel11]

Same old, same old. It's always about that new coin that's going to flip bitcoin.
They tried everything ever since LTC was invented because if BTC is digital gold, LTC is digital silver
Then if these two are fine, there's BCH because that's the real fast bitcoin with low tx cost and then ETH is the platform you can build other coins on and it's going to flip bitcoin and ADA is the better ETH because Hoskinson says so and XRP is the bridge between crypto and banks because Ripple foundation says so.
I say- F... shitcoins!

[Medusah]

For those who are outside the forum, I believe they also do their own research on what they know about the shitcoin which is shared with coins like Bitcoin.

At least 99% of the people who buy shitcoins for profit don't know what they're buying. 

Bitcoin is the dominant coin and altcoins only rise after Bitcoin's bull run but we have to be realistic, Bitcoin isn't going to grow 100x of its value or something similar.

A 100x growth is inevitable, but it's understandable that it doesn't appear reasonable in the current context.  In 2020, predicting a more than 10x growth within four years seemed far-fetched.  Bitcoin's value will continue to rise, probably at a more stable pace, but it will eventually reach $6 million (100x) by around 2040, or even sooner. 

[Egii Nna]

I am not aware of what is happening now as I am too busy accumulating more Bitcoins. While, some of you are still trading altcoins or meme coins and I would like to ask from you guys that;

Do you still believe in Bitcoin and do you guys are still following the same pattern of converting some of your earned crypto to Bitcoin?

The strategy that many are using is the same as what you also did. To understand this concept, it is not that people still don’t believe in bitcoin, but that they try to invest in all this alt-coin and this meme coin, which, when they rise up, they will use their profits to invest back in bitcoin, and mostly it is applied to those that come to the bitcoin space without a huge profit. and they will like to accumulate a lot of bitcoin, so they have no strategy to follow to get such an investment in bitcoin. 
 
That is why I don’t still see the fault of those investing in meme coins because they usually do adequate research before they should invest in any of the coins, and again, they will still be at a deep risk. That is why it is very dangerous to invest in all this meme coin because most of them end up being scams. 

[SamReomo]

While, some of you are still trading altcoins or meme coins and I would like to ask from you guys that;

Do you still believe in Bitcoin and do you guys are still following the same pattern of converting some of your earned crypto to Bitcoin?

Yes, I'm among those people who trade altcoins only the top ones and trust me if you know a project very well then it's possible to make profit from it. I only trades the coins that have been in the market for long term. Those coins that are new in the market aren't trade worthy and that's why I don't believe in trading of those coins.

I also started meme trading a few days ago but I found it more as gambling then trading. In meme coin trading one can turn $5 to $50 if a project goes well and doesn't rugs its investors but there's also 99.9% chance that a coin will get rugged and only dev is the one who will make money in the end.

Yes, sometimes I convert some of my earnings to Bitcoin but I have my own strategy to do that. I convert my profits into stable coins first and when I see huge dip in Bitcoin's value then I invest in it and allow it to grow again. I have been doing that for a long time and I will continue doing that for long term I hope.

[AprilioMP]

For those who are outside the forum, I believe they also do their own research on what they know about the shitcoin which is shared with coins like Bitcoin.

At least 99% of the people who buy shitcoins for profit don't know what they're buying. 

Is there evidence that can strengthen this claim?
If that is true, it means that 99% of people who buy Shitcoin do not use their brains well for their money.
I tend to think that it can't be true because those who are outside the forum do not want to immediately not function.

As stupid as people when they hear crypto, their minds will be active to find out what crypto is. Some of them according to my mind, when the name crypto was heard, then Bitcoin was thought of because Bitcoin was very popular even though not many people knew the use of Bitcoin.
In that section we need to attend and the community Bitcoin to tell about its use and we need to clarify that there are only one bitcoin and there are many crypto.

[kryptqnick]

I'm annoyed by Notcoin promotion and remember recently accidentally clicking on its price chart instead of Bitcoin chart due to sponsored options appearing at the top sometimes. My personal experience with altcoins ended around 2019, after the end of their boom and when it became obvious that those projects generally fail to deliver on their ambitious promises. So I focus on Bitcoin and nothing else. It's sad that those altcoin projects  still engage in aggressive marketing and that it works sometimes, attracting less experienced users.

[Assface16678]

I think many people who invest in memecoins are just hoping to get rich quick.  But other folks actually have faith that these things could turn into real long-term investments.

To answer your questions - yeah, Im still bullish on Bitcoin in the long run.  Its got name recognition and there is only so many Bitcoins out there, so it feels like a solid way to preserve value. I dont own any altcoins myself, so no need to convert anything.  Some of the ideas backing the altcoins seem neat but Bitcoin feels more stable and thats more attractive to me.

Its because many investors in crypto or new investors. Cryptos are hoping that bitcoin phenomenal will happen in the presence of new crypto coins, and because many airdrops are emerging in the market, many currencies are being hyped, especially memecoins, so expect that many people will make a hype on that specific currency so that many people will invest in it, and it is some how scheme of some crypto creators so that they could take advantage of the situations. As many new currencies are emerging, expect that not all of them will be profitable or will make a long-term profit or life span, so better pick those that have the potential. Even a meme coin could have potential, but don't expect too much that it could be like bitcoin, because bitcoin is too far away and cannot be reached even with altcoins. But there are many coins out there that could make investors a profit; they just need to be more cautious and careful on where to invest.

[albon]

Of course, meme coins exploit the name of Bitcoin and promising cryptocurrencies in the market to promote their projects. There could be a meme coin whose team claims it is the next Bitcoin or the Bitcoin killer or that its value is equivalent to a so-and-so amount of Bitcoin.

These are undoubtedly marketing and promotional tactics aimed at attracting novice investors and making them pour their funds into the coin, as these meme coins' prices only rise through such promotional hype to gain attention. Certainly, many may believe this marketing lies in the hope of achieving wealth, which they do not see due to their lack of experience except in these high-risk coins that cannot compete with Bitcoin or achieve 0.1% of what Bitcoin has accomplished. I do not see that Notcoin, any of these meme coins, or the Telegram coins associated with click-to-earn bots have any significance or may last in the future. Bitcoin, with its widespread popularity, reliability, and solid characteristics, remains an investment with real value and importance.

[Potato Chips]

LOL. This is very inline of what I typically see on twitter and some posts are straight up hyperbole or for lulz haha so not to be taken seriously though, I'm not sure the newbies would get it and not take it at face value 🤔

But back to your question, my main loot is still BTC but I've been dabbling on altcoins as well though gotta say, a lot of them are stuff I'm not planning to hold long term -- profits from this mostly go to my monthly expenses though and/or I reinvest a portion of it.

[davis196]

They would literally inspire others who have the same believe that meme coins can make them rich even if they don't invest in Bitcoin. I believe secretly everyone who are investing in meme coins have a secret objective.

The "Pump & Dump" mentality of many shitcoin investors has never gone away from the cryptocurrency markets.
It's like penny stock investing in the unregulated stock markets. The investor buys a stock worth less than a penny and expects the price to go 10X or 100X. In most cases, the prices might go up mostly due to market manipulations and building hype around sketchy projects.
By the way, Notcoin seems like a cool name for a cryptocurrency. The comparison between a shitcoin market cap and the BTC market cap is hilarious. Having 0,15% of Bitcoin's market cap still means nothing, because a shitcoin will always remain a shitcoin.

[CODE200]

Do you still believe in Bitcoin and do you guys are still following the same pattern of converting some of your earned crypto to Bitcoin?

I thought I'm the only one that's doing this since no one's talking about it and at the same time, I thought that most of us here are buying bitcoin with fiat but now that I think of it, it's quite ignorant of me to not think that there are others like me that do this because most of the time, most altcoin investors just go and sell that cryptocurrency to USD and then have fun for themselves with what they've profited from that crypto. I guess that when it comes to advertisements, cryptocurrency is just so damn attractive and even if for most of us, we don't see the advertisement's effective, it will definitely work on others because there's more people out there that are more gullible and doesn't do their own research or something like that.

[Luzin]

Do you still believe in Bitcoin and do you guys are still following the same pattern of converting some of your earned crypto to Bitcoin?

Sure, why not?
In fact, I keep trying to multiply Bitcoin using Altcoins. But I don't do that much for altcoins of the coin meme type. I have more faith in some coins that have clear projects. Even though it looks like it requires more patience but the risk is not like a meme coin coin that is pumped then falls deep. Indeed, if you look at some of the meme history it looks very interesting, but there is a big risk that I want to avoid.

[mirakal]

Meme coins are still hyped and the use of social media platforms keeps their momentum gaining popularity. But this is never enough to convince us that they are just shitcoin and have no sustainable market value. It is too far to compare with bitcoin and this won't chase how we look bitcoin is still the most trusted and profitable coin that ever created.

I don't know if social media cares about the spread of scam projects like meme coins because they are supposed not to allow this. That is why fake projects continue to grow and scam people because of social media. It is just too sad to imagine that innocent people fall into investing shitcoins. People are supposed to be more mindful and resourceful when it comes to investing or else, they are putting at high risks.

[AVE5]

A not new but a crazily pumped meme coin has posted this information on social media.

jfyi the valuation of Notcoin is still 0.15% of Bitcoin

To an extent it seems a social gimmick to promote thier shit coin. Whereas for the people outside this forum this will mean big as in those who believe in meme coins.

They would literally inspire others who have the same believe that meme coins can make them rich even if they don't invest in Bitcoin. I believe secretly everyone who are investing in meme coins have a secret objective.

I remember my early days in the forum and every single member investing in the altcoin market had a single objective to convert all or a part of their gains to Bitcoin.

I am not aware of what is happening now as I am too busy accumulating more Bitcoins. While, some of you are still trading altcoins or meme coins and I would like to ask from you guys that;

Do you still believe in Bitcoin and do you guys are still following the same pattern of converting some of your earned crypto to Bitcoin?

Every MemeCoins or AltCoins promoters are also secretly investing on bitcoin because they understands the reality fact in the crypto sphere, they knows what cryptocurrency is reputable and reliable on for investment and that's why they hold they ego on bitcoin investment.
They only tempts to convince those who're not learned about crytop currencies that the MemeCoins and the AltCoins are reputable as bitcoin for selfish reasons because they know whatever rewarded returns they might achieve on frauding people would be channeled over to their bitcoin assets while misleading others whom their initial intentions is to invest on bitcoin.

[bluebit25]

(...)Do you still believe in Bitcoin and do you guys are still following the same pattern of converting some of your earned crypto to Bitcoin?

I actually pay attention to different trends in the space, but honestly I still have faith in Bitcoin. Maybe at different times, the public stage has a different way of spreading information to attract/repulse people, but in any case, it only serves to make more people know more about bitcoin. I know many other bullsh*t stories are labeled with bitcoin from memecoin fanatics, but ignore them anyway, they have their way of reasoning and we in this environment always respect everyone's thoughts. Just like you mentioned at the beginning, the main shift in the portfolio will be for Bitcoin.

[Die_empty]

Do you still believe in Bitcoin and do you guys are still following the same pattern of converting some of your earned crypto to Bitcoin?

I don't know about others but my confidence in Bitcoin is unshaken. For now, I have not seen any other investment platform that is safe and profitable, such as Bitcoin. The current bull run has also increased the amount of altcoins that are in the crypto market. There has also been hype about various coins in my area, and some people have made some money from them. I am not a fan of altcoins because I don't have the knowledge about these new coins and anyone who lacks basic skills will lose money since it is very risky.

Anyone who makes money from altcoins is just lucky because many people have lost so much investment. So, there are no plans to convert altcoins to Bitcoin for now. I am still DCAing and not allowing anything to distract me.