Quote from: teamsherry on Today at 09:33:56 AM

Quote from: JayJuanGee on April 06, 2024, 05:40:39 PM

Quote from: Troytech on April 06, 2024, 04:06:07 PM

Quote from: michellee on April 06, 2024, 12:11:49 PM

[edited out]

......I don't know if you were trying to say that if we must indulge in shitcoins that it should be at most 5-10% of our portfolio and this was only suggested for those that can't bear to stay away from shitcoins and at times people can't control themselves and would also want to invest more and more until they may find themselves investing more to shitcoins than even Bitcoin.

Exactly!!! Investing into shitcoins - and/or trying to trade for the purpose of generating capital in order to invest (or accumulate) bitcoin is such a slippery slope that we can question the extent to which those kinds of folks are delusional in terms of their supposed abilities to actually make progress in stacking sats rather than ongoingly putting their capital at risk which sooner or later is likely to bite them in the ass, especially if they attribute skill to luck and don't really know how to employ sound practices to ensure that they are sufficiently/adequately hedging their bets, which is not easy to accomplish even for folks who spend a lot of time developing various kinds of trading skills/practices.

Your right about this, people often seek the easy way out and don't realize that they are just fooling themselves, how can anyone think that trading with his capital would be a good means to generate profits to invest in bitcoin, when it would rather be more better that they just starting buying bitcoin which is a more safer option. Trading it self is just like placing a bet or a gamble, the outcomes are never predictable and in the process of trying to get profit you could also lose everything and if you had bought Bitcoin with that money it would have already started working for you.

There are so many flaws to this plan of trading to get profits to invest in bitcoin;

You could be stuck in a win and lose cycle and have never even realised any profits for bitcoin or you would be busy trying to recover from you lose and never invest in bitcoin.
There are possibilities that you would start using your bitcoin investment(if you are able to invest any )as a back up funds to replace loses in trading with the delution that you would get it back and eventually becomes a habit.
You would miss out on countless opportunities to buy bitcoin maybe cause you are losing in trading.
You would never be able to maximise the power of DCA cause there are possibilities that you have already used the money for bitcoin purchase to trade again.

In general trading is a risky solution in its own and its not a good idea to mix it up with investing in bitcoin or as a source of income, and it takes years or some people never even reach the level of professional traders to be able to have a good risk management to hedging thier capital, and a newbie should never indulge in trading with his money no matter how sugar coated they make it sound as tho its so profitable, and more over you might not be ready or have a good financial mentality to have a good balance with these practices, buy bitcoin and hold newbies, leave trading out of your accumulation plan.

They are just making theirselves playing on fire where they are not really so sure if they can able to earn a profit there. And instead of earning some extra cash from those shitcoins they could potentially lose all especially if they think to take revenge and use their bitcoin holdings to invest back for thinking that they can earn back all of their losses. They might go on chasing profits or capital if that case happen and this is really bad for those investors if they came into that point. So much really better for them if they want smooth flow is to invest directly on bitcoin and never try to get hype with those shitcoin investment since they are just creating a messed for their selves.

Although there are lucky person who earn huge from those shitcoins but not all can earn the same fate with them. Usually there's a lot of people lose all their money because they got FOMO and caught up with the dump.

People should consider your invest so that they would have stress free investment and just find alternative works(freelance jobs) which can help them earn bitcoin then from that they can have extra funds to buy bitcoin again.

Trading is really risky so they should not think about mixed it up especially if they are thinking to grab those shitcoins since this is just a waste of time for bitcoin investors.