Post
Topic
Board Bitcoin Discussion
Re: How do you feel when you look at your first Bitcoin wallet?
by
JayJuanGee
on 29/12/2023, 23:14:02 UTC
I doubt that there is much that I can tell you, and there is all kinds of sources of bitcoin-related information to read and to listen to podcasts.  If your language is not English then maybe there are podcasts in your language... but yeah, it can take a while to figure out better and worse sources of information, and a lot of folks do end up getting lured into various shitcoins...and sometimes it can be difficult to sort through and to figure out the better sources of bitcoin-related information.
The English can be used because many people here are from various countries,since English consider as the global language the communication can be made in English.Actually the reason behind this was many countries was ruled by the British people before the end of the colonisation of longer period,this was hidden secret behind the globalisation of English around us.LoL

You may be correct that I should not be assuming that anyone might not have sufficient skills to follow various English-source materials, even if they are podcasts and presenting information in audio rather than a written format.  Of course, audio format is going to be more challenging for non-native speakers but there are also caption tools and also the ability to slow down the audio.

At some previous point, I had considered putting together a thread to list various bitcoin-related podcasts and to rate them, from my own perspective in terms of their bitcoin maximalism, which I consider to be a plus, and surely there are podcasts that both focus on bitcoin, but also denigrate shitcoins, and seem to come from the right perspective (at least in my way of seeing them, so if I did list the podcasts that I listen to, i would probably try some kind of a rating system) - even though others are free to make their own judgements. 

Likely if you spend time learning about bitcoin first, and then you will have a better framework for understanding the variations of shitcoins, to the extent that any of them might matter.  It is possible to get sucked into a lot shitcoin materials, and you might not even realize when you are learning about bitcoin from someone who may well be purposefully misleading you into wanting to invest into their shitcoins.
The bitcoin had their own importance over a period of time,but the same thing survive over a decade.Even though many new projects come in the cryptocurrency world,the bitcoin was considered to the god of the cryptocurrency.No one say the certain thing as god until it help them to earn some money by their influence into their lise.

Well yeah.  There is the money making angle, and there is also the first mover advantage angle, yet I think that my earlier response about bitcoin solving the digital scarcity matter really put it into an innovator invention category, and the various copy cat coins are not really adding anything that would be 10x or greater than bitcoin, and frequently they are inferior, but if they were to be better, they would need to be 10x better to displace the king, and many times any kind of innovations of other coins projects could well be absobed into bitcoin, whether on the 1st layer or maybe on some after layer.

Maybe with bitcoin, if you just start to buy some amount that is reasonably within your budget, whether that is $100 per week or $10 per week of some other amount, and then just spend time learning about it, and then maybe as you are investing and learning you will be able to hone your own investment style in accordance with 9 factors that I consider to be helpful to any investor into bitcoin.
The continuous buying like this will be the good for the longer period of time.So the trader will have the huge bitcoin after the year was ended.Now we are in the end of the year,So the current applying people like this will have their complete savings now.This bull run also gave them some additional dollars because of 42k dollars pump.

You seem to be giving too much value to the trading perspective and also the ability to make short term valuations of bitcoin and to see that your holdings are in profits.  Sure, there seem to be some advantages in terms of BTC holdings being in profits, yet if your BTC holdings are in profits, you may well end up getting deterred from accumulating more because it will raise your costs per BTC... so in that regard, any newbie might feel bad if the BTC price is going down while he is accumulating, but there is a certain advantage to being able to accumulate more and more and more bitcoin, and perhaps even way more than what could have had been accumulated when the BTC price is going up.

Each of us have differing situations, and if we are accumulating BTC for several years, if we do not have the ability to front load our investment, then it may well take us one or two full cycles to really accumulate meaningful amounts of BTC, and that may also depend on how much extra cash flow that we have.

I doubt that trading helps anyone out in terms of their being able to accumulate more BTC in a faster way rather than just focusing on various ways to ongoingly buy BTC, and maybe even figuring out ways to increase income and/or cut expenses in order to have more discretionary income that is capable of being used to buy bitcoin consistently, persistently, ongoingly and maybe even aggressively.