Sure.. no problem.. but still how you going to guide people with "just say no to shitcoins.".. even though frequently I do say fuck shitcoins, but if you are going to do them, no more than 10% or the size of your bitcoin investment... and whatever, you can tell people whatever you like and I don't feel like I am encouraging them.. because I do also say stay away from shitcoins.. and also there are some people who are very poor.. like $10 per week or even some low amounts and they are wanting to divide to do part in bitcoin and part in shitcoins... so yeah.. are they going to listen? I am not sure... I mostly think that they won't but it is better to say something than not to say anything at all.. even though some people are not even going to be receptive to listening anyhow.. so they might even be more of a lost cause and just have to learn through their experiences.
The fact that you clarified the situation of shitcoins investment has taught me alot, to buttress if anyone wishes to invest in shitcoins s/he should invest only least less than 10% which means if someone can actually afford to involve in shitcoins it shouldn't be an amount that is greater than nor half neither quarter of his/her investment in Bitcoin. Moreso, s/he must be well accountable for his or her action. I also observed that the example was meant for those who would constantly refuse advise not to get involved with shitcoins but since they maybe not be able to harken to advises its better to devices a means to reduce the out come of regret in their action. at the end it all boils down to say that one should try as much as possible to avoid shitcoins.
but since we are considering longer term considerations in this thread, many of us already seemed to planned to not sell in the short-term - even though it is difficult to talk for everyone
I agree with you, my focus is on the right time to buy, not on the right time to sell right now. Just like the topic of this discussion, "Buy the DIP, and HODL!" that is what I want to do, and I regularly check this place to see the strategies people here are using to get more bitcoins, so I can learn, I do not want to learn about selling.
Because our focus is long-term with a slightly longer duration so that when the temporary increase that is happening now does not really have any impact on the confidence we have but on the other hand when other people are selling now I don't think it can be said to be wrong either (although this is not really in accordance with the criteria for long-term investment) but because they already feel profitable with what they have then it is indeed back to themselves whether they sell or not because if they do sell it means that their target is indeed here for sales.
It's just advice when you sell at the current price and when you release the bitcoin you have sometimes you can't buy it back because of the price so this needs to be thought out more carefully for those who are selling at this time unless they want to wait longer to get bitcoin back at a cheaper price which in my opinion that way is not worth it when you have to wait for bitcoin to have problems again because now it doesn't seem like the time for that because bitcoin is still bullish.
This is the problem of investors because what needs to be realised is not buying and selling but our strength in holding which sometimes in this phase we always fail.
I couldn't comprehend the point you're trying to foster well enough @red4slash but to digress the whole point you might be trying to say.
@Queentoshi you do not need a perfect time to invest in Bitcoin based on what I have learnt here in this thread, every time is always the time to buy, you might be waiting to a bearish market when you have the capital to invest but it may not come. So that is why the DCA method of accumulation was introduced in order for anyone not to miss out the opportunity while waiting for the perfect time to buy.
Even outside the forum time waits for nobody, most people do say opportunities don't come you create opportunities by investing when you have, you stand to chance of not missing out but when you wait for a time to come which may not come you can eventually miss what is important to you. So do not wait for the right time to come before you invest, start where you can, start now, today hence you don't miss your chances because emergencies can take up the said capital you wish to invest in Bitcoin do it now not later.
We should never be tired of educating people on the need to remain focused on Bitcoin which is safer and have been around before these numerous coins that are mostly built on nothing.
Yeah, that's right, but not all of them will take the advice of only investing in Bitcoin. Some will still end up putting their money into some altcoins, and it's after they have been disappointed and their money has been lost that they will begin to feel regretful.
It's true people hardly listen to good advise of this nature hence I believe every one has the right to make decisions but after making such decision they shouldn't cry out to anyone that they lots their money in shitcoins because not even me nor you will be ready to listen to such trash.