Quote from: Justbillywitt on Today at 02:42:25 PM

Quote from: Tmoonz on Today at 04:26:48 AM

Quote from: michellee on Today at 02:58:16 AM

Quote from: Wind_FURY on February 21, 2024, 05:08:46 AM

Personally, and in my own opinion, we plebs shouldn't treat our little/limited capital like it's Warren Buffett's billions that needs to be "diversified". It will slow down our ROI plus it's probably not needed. Diversification is made to protect capital and control risks because their billions has more to lose in every small market move. For us plebs, if we truly want to make life-changing profit, then, only my personal opinion, we should take more risks and concentrate capital to just one investment that we can have strong conviction to HODL long term. If you ask me, it's a golden opportunity to buy and HODL Bitcoin. Cool

No, we don't treat our capital like Warren Buffett's or other rich people. We try to arrange our capital to invest in Bitcoin. If we make a profit, we can give more portion to invest in Bitcoin while we can also think about adding more investment so we can increase our investment portfolio. That will give us more profit in the future because we can have many investment and not just in Bitcoin.

We can take more risks but we should not break our limit on handling the risks and only take the risk that we can afford. That is one thing that we must remember in investing. If they don't want to confuse handling many investment, yes he can use one investment that he can HODL long term. That means, he can focus on buy and HODL Bitcoin.

We always suggest to HODL Bitcoin to all people because we know that Bitcoin can give a big profit in the future.

Quote from: Tmoonz on February 21, 2024, 08:15:28 AM

@michellee, for me i consider JJG'S advice that after building up your Bitcoin investment portfolio to a certain point of considering diversification, that it is advisable to diversify in to real life investment such as selling commodities, real estate or land, investing in altcoin is more like gambling than investment. Fuck shitcoins, it is important spreading your investment in to different assets classes of which shitcoins is a no no for me I don't know about you, is your choice.

That is just an example because we are in crypto. Investing in other commodities is good, I prefer to invest in gold as starts. I consider that having investment in real estate or land needs more money but we can have an investment in gold. No problem if you don't want to invest in altcoins because that is a personal choice. I make Bitcoin as my main investment but I am trying to build my investment in other things.

@michelle, don't forget is a Bitcoin discussion thread, using the word crypto may implies including altcoins which is not included in the topic of discussion.

I think you are getting something wrong here. Bitcoin is the crypto itself.

Even though technically you are correct that "bitcoin" is a subsection of "crypto," you better not be using that word unless you are clear about what the fuck you are talking about.

If you mean to talk about bitcoin, then use the term bitcoin, and if you are talking about something other than bitcoin, then say that, but you better not be using the term "crypto" if you are talking about bitcoin, because either you are 1) being vague and ambiguous in regards to what you are talking about, 2) you are trying to sound smart for no good reason, 3) you are (either purposefully or inadvertently) deceiving and misleading people (perhaps even innocent people) in regards to either what is bitcoin or what you are talking about.

Quote from: Justbillywitt on Today at 02:42:25 PM

Every other coins you see today were built around bitcoin.

That part is true.

Quote from: Justbillywitt on Today at 02:42:25 PM

Many people only know bitcoin when they hear the word crypto.

Even if that is true, that does not excuse you for using vague, misleading and/or pretentious language.

Quote from: Justbillywitt on Today at 02:42:25 PM

There are people out there today who doesn't know that other coins exist, so when they hear about crypto the first thing that comes to their mind is bitcoin.

There are also a lot of shitcoiners who purposefully use vague ass language in order to make it seem that their coin is the same as bitcoin, so if you are talking about bitcoin, it is better that you make it clear rather than making the same mistake that others make..

So the mere fact that other people (even smart people) speak dumbly and use such dumb and misleading language does not mean that you or any of us in this thread (or forum for that matter) should speculate that we should be able to get away with using such... if we are talking about bitcoin, then what is so difficult to use the term in order to clarify what you are talking about?

Quote from: Justbillywitt on Today at 02:42:25 PM

Bitcoin is the crypto currency, if you are not aware of this know it today.

So what?

Fuck crypto, shitcoins and the use of such term to speak vaguely, mislead people and/or to come off as pretentious.

Quote from: Justbillywitt on Today at 02:42:25 PM

If he had mentioned alt coins then you can say he is referring to other coins.

If he uses the term crypto we have no clue about what he is talking about, unless he specifically describes what he means, including using the term bitcoin in order to contextualize it.

There are many of us who use the term crypto, but we usually specify what we mean and whether we are talking about bitcoin and various shitcoins or just shitcoins or if we might be referring to something else... so there are reasonable ways to use the term, and using the term to refer to bitcoin is not reasdonable for the reasons that I already outlined above..

Quote from: Justbillywitt on Today at 02:42:25 PM

So @Michelle is not talking out of point when he used the word crypto. If you see a newbie that has no knowledge about bitcoin investment, ask him or her what is crypto, I bet you the person will mention bitcoin.

Who cares what he might think? Each of us is responsible for our own words, and we also might be responsible to point out to others when they are using vague, misleading and/or pretentious language, especially if there may well be easy ways to avoid such problems with their language by specifically using the term bitcoin in order to clarify what you mean, and if you are not talking about bitcoin when you use the term "crypto" then that would be helpful to point out, also.

Quote from: Tmoonz on Today at 03:21:30 PM

@justbillywitt, Bitcoin is Bitcoin for the benefits of this thread making use of the word crypto in this thread can actually make understanding the concepts of this thread contradictory, if you want to make use of the word Bitcoin is better you say Bitcoin than crypto, I am beginning to feel that you want to contradict this thread, you can never convince me that altcoins is not included @michellee's expression of crypto , if anyone want to say Bitcoin let him say Bitcoin there is no reason referring Bitcoin to be crypto or crypto to be Bitcoin so far this thread is concerned.

Exactly.

Quote from: Troytech on Today at 04:31:20 PM

Crypto is a general term and I think we need to understand this, bitcoin has a name and we should try to call it that way, saying crypto can confuse others to think that the rules and conditions that apply to bitcoin apply to other coins, and as we know other coins include shit coin which are mostly worthless and they all depend on bitcoin to have value. Using the word crypto is going off topic in this thread.

There is probably nothing wrong with using the term "crypto" as long as you are clear about what you are saying, even if we might not agree with you and even if we might not agree whether or not you are on topic.

I, personally, get aggravated when it is either used without any context or it is used in such a way that it is either unclear whether bitcoin is included or it could be a substitute for bitcoin, and if you wanted to say bitcoin, then why not just use the correct term so everyone knows what you are talking about?

Quote from: GbitG on Today at 06:22:12 PM

DCA is a strategy that people use to diversify their investments.

DCA (dollar cost averaging) and diversification are different concepts, and DCA is not necessarily used to diversify their investments, even though optionally DCA could be used to diversify investments..

The idea of diversification tends to involve investing in different asset classes, such as these would be different asset classes: equities, properties, bonds, commodities, and cash or cash equivalents. Of course, you could diversify within the asset class or you could diversify across asset classes. Some folks consider bitcoin as it's own asset class, even though there are some ways in which bitcoin might cross over some of the traditional asset classes.

Quote from: GbitG on Today at 06:22:12 PM

I mean in DCS, investors do the same amount of investment targeted place at a daily basis interval in a certain time period regardless of price.

DCA's big advantage is that it reduces the impact of the price (volatility).

Also reduce the loss ratio; I mean if you lose some, DCA has the potential to make it return to another target.

This is a reason which I personally experience under DCA strategy, and And for the reasons mentioned above, DCA has a prominent place in the eyes of investors, of which I am a witness myself, and in my opinion, investors will also have the position that these advantages are under the point.

For more inform >>> What is DCA?

This part of your post makes sense and sounds correct.

Quote from: Obim34 on Today at 07:26:16 PM

Quote from: michellee on Today at 02:58:16 AM

Quote from: Wind_FURY on February 21, 2024, 05:08:46 AM

Personally, and in my own opinion, we plebs shouldn't treat our little/limited capital like it's Warren Buffett's billions that needs to be "diversified". It will slow down our ROI plus it's probably not needed. Diversification is made to protect capital and control risks because their billions has more to lose in every small market move. For us plebs, if we truly want to make life-changing profit, then, only my personal opinion, we should take more risks and concentrate capital to just one investment that we can have strong conviction to HODL long term. If you ask me, it's a golden opportunity to buy and HODL Bitcoin. Cool

No, we don't treat our capital like Warren Buffett's or other rich people. We try to arrange our capital to invest in Bitcoin. If we make a profit, we can give more portion to invest in Bitcoin while we can also think about adding more investment so we can increase our investment portfolio. That will give us more profit in the future because we can have many investment and not just in Bitcoin.

We can take more risks but we should not break our limit on handling the risks and only take the risk that we can afford. That is one thing that we must remember in investing. If they don't want to confuse handling many investment, yes he can use one investment that he can HODL long term. That means, he can focus on buy and HODL Bitcoin.

We always suggest to HODL Bitcoin to all people because we know that Bitcoin can give a big profit in the future.

According to @Wind_FURY becoming a pleb literally means an average income earner, in this case trying to diversify one's investment as a pleb should not be recommended. An average income earner has little after much separation of funds for his survival then in what amount can he split up the money to invest. His solid interest should be to maximize his ROI dependetly on one investment that is worth the risk.

As a pleb, it will be much convenient to hold Bitcoin instead of any other substitute due to the motion of continuity and good amount of profit as long we continue to hold.

The reason to NOT diversify when you don't have very much investment tends to revolve around that it is not necessary.

The reason that people tend to diversify is to take risk out of their holdings, especially if the size of their investment portfolio starts to grow to significant sizes, so if you are just starting out you may well not need to diversify, and also you may not need to diversify beyond cash and bitcoin until after you might build your BTC investment up to a size that you start to feel uncomfortable having too much in bitcoin and/or cash and nothing else... but there are some folks who choose not to diversify beyond bitcoin and cash, and that is not completely wrong, even though it could have some problems by not having a bit more value spread out, especially once your investment portfolio might start to become the size of several years of your income/expenses.

In the bitcoin (and/or crypto) space, the use of the term "diversify" is frequently used to wrongly proclaim that people need to get into shitcoins, and sometimes it is misleading in regards to the concept of diversifying across asset classes rather than within the same asset class, which surely in the "cryptospace" bitcoin is the leading asset so it hardly makes any sense to diversify within the asset class to other assets within the same class, unless you might want to limit such exposure to a small amount .. or maybe if you are just distracted and you don't know what the fuck is bitcoin, then you might conclude that there is some value in buying shitcoins.

Another misleading part of diversification seems to be that some folks want to argue diversification for the mere sake of diversifying, but they have no clue about the reason why they are diversifying, and if they end up doiong that, then likely they are just diluting their investment, and it is worse in the case of people who might not have a lot that they are able to invest... so if those people with small amounts to invest end up diversifying (or overly diversifying) then they are not able to advantage for their knowing a good asset such as bitcoin and they end up not putting enough into bitcoin and putting way too much into crap and they are not starting out with much value in the first place.. whether we are talking about $10 per week or $100 per week or some other relatively small value amount.

Quote from: Troytech on Today at 07:26:55 PM

What I think is newbies in particular should stay clear from gambling practices and if they must it should be after at least 4-5 years of accumulation before they think of such, earlier in this thread when @JayJuanGee explained it to me he was talking about more matured investors should be the once to allocate like 10% of their holdings to such practices not newbies who just want to start investing.

It may well become the case that if you spend 4-5 years accumulating bitcoin or otherwise investing responsible, you might not even want to put any of your investment at risk because you come to realize that it takes a long time to build up your investment portfolio, so why screw around with parts of it.. even 10% is going to seem like way too much to put at risk.