Quote from: Cryptotourist on November 01, 2022, 10:26:16 AM

Alt coins are a - predicted - attack vector on Bitcoin, simple as that.
If you value your Bitcoin holdings, and would like to see Bitcoin thrive in the free world, stay away from them - no matter the temptation - period.

Oooo

ow!!!!!

Whoaza!!!!

You must have been out der in the IRL gettin ur lil selfie MOAR smartie panties in the past several months.

You go girl!!!!

Quote from: BitcoinGirl.Club on November 01, 2022, 12:46:32 PM

Quote from: Gachapin on October 31, 2022, 03:58:58 PM

[edited out]

I could tell him so many things if I wanted but I considered to speak less. Obviously he knows that I am in bitcoin for over a decade. I eat bitcoin, sleep bitcoin and poo bitcoin LOL.
I only told him, look I am glad that you decided to get your hand dirty (in a positive way) with crypto. You want to buy doge, go ahead. When you get time study the fundamental of bitcoin. Consider it as a currency when you are studying.

He is a highly educated person. I am sure he will find his own way.

Of course, each of us has our own way of saying things, and sometimes the way that we say something might be conditioned upon what kind of mood we are in, how much time we have, and how much time we have spent with the person previously on the topic.

Sure the fact that he is calling you up to ask your opinion does show that he is interested in hearing your opinion, so that is good in terms of getting an invitation to speak, and even though many of us likely realize that many times people will ask us our opinion on some kind of a shitcoin because they are just trying to receive some kind of affirmation regarding a matter that they have largely already decided... but they have some doubts, even though they are leaning in the direction to buy such shitcoin.. in this case your friend is thinking.. this is a good potential pumpening for doggie coin, so he will be able to get in and out within some kind of a period (or within some kind of criteria that he believes might be relevant. maybe it is a target price, such as $0.30 or $0.40 - that may or may not be reached - even though a lot of doggie(shitcoin) pumpeners are talking such nonsense.

I cannot really say exactly what I would say because most of the time when I start to have these kinds of conversations with people (who may well happen to ask me what I think), I start out with similar kinds of talking points in ways that I type posts on the thread, by saying fuck shitcoins.. and why are you asking me? First of all, the main thing that you should be investing in is bitcoin, and then if you want to fuck around with shitcoins, after you have already established your bitcoin investment approach.. and maybe take 5% or 10% of the total value of your bitcoin investment and gamble with it on shitcoins, then that is your choice. They are not going to get any positive reinforcement to me in terms of my using the term "crypto" in a positive way.

The fact of the matter is that they are all shit, except for bitcoin. So bitcoin is something that anyone should be able to create a long term investment thesis, and then to build on their long term investment thesis - which generally starts with a 4-10 year or more investment time horizon. Now if they want to fuck around with shitcoins, then none of them should be considered as long term investments, but instead they would be something that they have to consider their in and out strategy - in terms of gambling techniques, instead of long term investing... so in that regard, if they are considering getting in and out of any shitcoin, whether doggie coin or some other shitcoin, then they should be attempting to work out their gambling technique in regards to any one of those coins.

One of the problems that we run into is that many of these folks who are already thinking about various shitcoins, whether doggie coin or some other shitcoin, they have not bought any bitcoin, and they have hardly no fucking clue in terms of how to play bitcoin, so I am saying that the vast majority of any of their strategy should be lop-siddedly directed towards bitcoin, and once they have that in place then they can figure out the proportion that they would put into shitcoins from that. So, yeah, they are not going to want to hear it and they are likely to give up on the conversation and even suggest that I am too closed-minded, but mostly I am not going to back down except maybe to suggest that they are not thinking clearly about the matter if they continue to ask me or maybe they tell me more details, and then I will interject regarding various aspects that do not make sense, including their seemingly lack of a long term plan.

I have had a few people who have kind of had similar situations.. not exactly the same, but I have had some variations of the "what do I think about doggie coin" baloney questions based on current events that seem to be important to doggie coin pumpamentals (or some other shitcoin that has some kinds of current event pumpamentals variation).

Let me extrapolate on your "friend" BitcoinGirl.Club in terms of some more hypothetical specifics - Yeah, of course, your friend might not exactly fit this demographic, but I want to attempt to put some flesh on the bones that you provided.

I'm going to somewhat westernize BGC_Fren, so you can adjust to suit your own particular situation, but let's say BGC_Fren is in his mid 30s. He has an income of around $36k per year ($3k per month). All of his expenses (including maintenance of his emergency fund) are around $2,400 per month, so he has $600 per month left that he is able to invest into bitcoin (or whatever he would like).

In the last 10 years, he has fucked around in all kinds of ways, but he has still managed to build a somewhat well diversified investment portfolio of about $50k (which is about 1.5 years of his current income level). He currently has about $5,400 in cash that he has either saved up or that he is wanting to put to work in some kind of a way (into doggie coin from his point of view, perhaps?), so from his cashflow over the next 6 months and his amount of cash available for investing, we see that he has around $9k that he could invest into bitcoin in the coming 6 months; however, he wants to use that money to attempt to grow it and to fuck around with doggie coin.

What I am saying is that BGC_Fren should seriously consider putting 80% to 95% of that money into bitcoin with some kind of plan, so that is only going to leave him with 5% to 20% - and 20% is way too much, but cannot stop people from being crazy when he wants to invest nearly 100% of that money into doggie coin, so my trying to talk him off the ledge would be 20% is as far as I am willing to go or to accept as outrageous without calling him a retard.... even though I would prefer that he stays less than 5%.. and put the other 95% into bitcoin... and figure out some bitcoin plan... In the end, BGC_Fren is going to do what he wants.. and I will surely agree that he can do whatever he wants, but whenever I can and whenever he is somewhat listening, I am going to maintain some kind of a gravitation towards an approach that focuses on bitcoin first, I will say fuck shitcoins and fuck doggie coin, but if he would at least gravitate away from that towards at least having some kind of a bitcoin plan, then that would be more reasonable than putting 100% of that into doggie coin.

Don't get me wrong.. when I talk to people I attempt to stay somewhat interactive, but I am not going to concede that it is a good idea to get involved in shitcoins, and from time to time, I will still ask questions or attempt to approach the subject from another angle in order to figure out what his plan is going to be from a variety of angles, and if I happen to be good buddies with BGC_Fren, he might not really give up either.. but sometimes the conversation will get into areas in which we are not really able to make head winds.. because he might continue to insist on 0% BTC.. and he might keep saying how great of an opportunity doggie coin seems to be at this particular moment.. so we might have to either terminate the conversation or maybe start taking about the weather. or some other mutually agreeable topic .. we might talk about the time that we got drunk and ran over the neighbors mail box, accidentally of course.