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Quote from: JayJuanGee on March 10, 2024, 08:46:55 PM

yeah they should be considering these 9 factors, yet even if they don't really know all of the answers the 9 factors, it does not mean that they should wait in terms of getting started right away..

I did not know the answers to some of the questions or factors in that thread, but I have been accumulating BTC for over a 1 year now. So this proves, that taking one step is a necessary thing toward leaning new things, On the way I did learn a lot of things and made some mistakes as well, and in the future will make too, but learn new things also.

Everyone should be able to know the basics of his own finances, and of course the more that you invest into something like bitcoin, and if you want to attempt to be aggressive in your bitcoin, investment, then you are going to need to get in touch with learning better each of the 9 factors - each one has several subcomponents that we can build in any direction yet at the same time, we might not necessarily know some of the various facets and maybe how much we have analyzed them.

Some people don't want to analyze anything and claim to just shoot from their feelings or their intuitions, so yeah, there might be some folks who don't consider themselves to be analyzing, but they still are likely to have knowledge regarding where they are at in regards to the 9 factors and some of the ways that the 9 factors can by micro-analyzed...

And for sure, don't get me wrong about knowing the 9 factors since I suggest that it is better to just get involved and get started in bitcoin as soon as possible, and you can figure out where you personally sit with each of the 9 factors as you go, and with the passage of time.

The first thing that I recommend people getting right is to understand that BTC is BTC and nothing else. When the first shit coin hype broke out in 2017, everyone thought they have literally mastered these 9 factors, but the truth is that firstly you could pick any of the coins and it went up, and secondly most of them lost money short-term, mid-term and long-term. I assume that most of the fools from back then learned the lesson that BTC can make you lose money short-term, is unlikely to make you lose money mid-term, and history has proven that none of the people who invested at any point in time during the last 1.5 decades have lost a dime.

This is really the first thing to get right and I mention this because people often talk about bitcoin as a placeholder for any coin on coinmarketcap. Sometimes people ask me whether they should invest in BTC and I am holding back because I generally don't like giving investment advice when I am not entirely sure how people will use my words to put their money into BTC. So what I say is "if you say you want to invest in BTC, then invest in BTC, not X-coin, Y-coin or Z-coin or Dogecoin, or ShibaInu (or what its name is...).

I have had several conversations where people bashed BTC, but it turned out that only a portion of their investment was BTC. This is a very common experience and it's bad because some of them do indeed the 9 principle individual factors right and they are well educated, sometimes hold a degree in finance, but they have so little clue and greed still plays a role that they decide to split their portfolios such that 10% is BTC and 90% are shit coins. Like serious shit coins. If someone tells me they buy Monero for a reason, I understand that. I hold some Monero and I think it has its place. But the vast majority has no place in the industry. Now as long as someone does have a reasonable explanation (other than greed and the hope for 1000x) as to why they picked a certain coin, well, I couldn't care less then. But I do still get to hear from people that they want this thing called BTC, but instead they spread the money all over the place in coins I haven't even heard of before and then when the next correction is inbound, the portfolio is stuck, if not dead.

There is too much gambling, so I know you wrote your guide "9 principle individual factors" exclusively for BTC, but perhaps I would add one more principle and put it first, which should be called "BTC is BTC, and nothing else". If people study BTC and would get the idea behind it right, all the characteristics and core principles, they would better understand why BTC has a unique position in the industry and why it is the real cryptocurrency that is by far the least likely to fail ever. Afterwards, getting an investment plan right is essentially the perfect plan. Not getting BTC right in the sense that BTC is only BTC, could nullify the most sophisticated investment plans.

I don't disagree with anything that you are saying in regards to bitcoin first and fuck shitcoins and even that certain kinds of investment presumptions do not apply to shitcoins as they apply to bitcoin, yet the 9 factors that I highlight for individuals to consider in regards to their investment approach largely meant to broadly address concepts of personal finances, skills and psychology in the area, so they are very general.. and there are a lot of places in a lot of my posts that I talk about bitcoin first and fuck shitcoins and all of that. So I question whether there would be any necessity to say something like: "** these 9 factors apply to bitcoin and not to shitcoins.".... Of course, there likely would need to be an explanation regarding why they apply to bitcoin and not to shitcoins (in terms of bitcoin having fundamental long term value and shitcoins don't tend to have that - absent some kind of way to figure out that some shitcoin actually does have some kind of investment case, besides pump and dump and already being correlated with bitcoin ... as a copy cat, affinity scam.. or just that their price movement correlates with bitcoin - apart from various pump and dump marketing that they might achieve from time to time).

Sometimes it can be better to just focus on what bitcoin is rather than even talking about shitcoins and/or saying that bitcoin is not a shitcoin, yet there are so many people out there who have hardly any clue about what bitcoin is and they just presume they are all either the same or very similar, and that is part of the reason that some people cannot even bring themselves to say the word bitcoin.. so they talk about crypto. as if there were even such a specific thing as crypto that any of us could buy and/or invest into.

Sure brother can you imagine having such analysis today's crypto cap 💰 and some are still talking about shitcoins that has no value to where bitcoin....... Just check in today's worth

🥇 #BTC: $72,241 | 24H: +0.04%
🔵 #ETH: $4,030 | 24H: -0.61%
💰 #SOL: $150.90 | 24H: +1.57%
👽 #TON: $3.70 | 24H: +19.26%

🔥#trending
#GALA: $0.07 | 24H: -4.61%

📈top gainer
#AMP: $0.01366499 | 24H: +155.86%

📉top loser
#TRUMP: $8.41 | 24H: -12.43%

With is will you ever talk about shitcoins many of them are all left far behind without returning or facing bitcoin 😭😭😭 in any way well I will say f**k shitcoins.......

Soon bitcoin will be adopted as gunpowder if you don't have it you will become it's victim........

Thanks

Again let's review BTC a little where do we go from here? 💰

My friend ask me... saying What coin should I buy for my portfolio?". Today I decided to analyze BTC, as many people are interested in it. Let's break it down..............

I haven't had time to reply to that my friend but is here I decided to bring it here so he can fello my thread and learn more from a others aswell...............

📝 Yesterday bitcoin on futures updated the global ATH. After that we immediately got an instant pullback down to $71k. Now the price is going to recover again. And then the question arises: "Maybe this is not the end?" (initially I thought that after touching the ATH we will see a downward correction)..............

Most of the market players are expecting exactly a correction, but as we know the crowd is mostly wrong. Also, if you look at the chart of how BTC was updating ATH at $20,000 in 2020, you will see a similar picture as now. There was no drop at all. The price consolidated and continued to rise......

The general trend of the market is still long. I don't see any strong preconditions for a long short right now. Therefore, I do not advise you to enter a short position for the medium term. Short-term trades are the maximum. I think we will still see an upward movement......

Thanks comrades