Re: Buy the DIP, and HODL!

l agree with you a lot Princess but I don’t agree with you about shitcoins not having a future, the way you sound right now makes me believe you think all other coins aside Bitcoin are shitcoins.

Bitcoin is the father the originator the one among the rest but this doesn’t mean Bitcoin is the only one, with more incoming innovations in the crypto space we’ve witnessed the rise of other crypto currency’s some which have come to stay like Bitcoin and others which have fallen off,
These experiences only helped us learn how to identify substantial projects that’ll last the test of time line Bitcoin, I’ll say not all coins aside Bitcoin are shitcoins.

So how many time would one need to get rekt (by shitcoins before finding that so called potential coin ). With don't need to start debating about shitcoins with potential or no potential, you are familiar with a coin that have a nice and massive potential already which is Bitcoin so just stick with it than taking risks that would endup causing loss of resources like investing in shitcoins. Alot of folks have this thought that Bitcoin is too expensive for them blah blah ( but you can use different strategies to accumulate some nice quantities in your portfolio), and also having the mindset that Bitcoin has already gotten to its peak ( which is wrong Bitcoin still have alot space to grow). So don't mislead yourself just start your Bitcoin accumulation journey with proper plannings to secure a smooth investment ( bitcoin)

Quote from: link=topic=5492708.msg63941367#msg63941367 date=1713038785

This can be scary especially for newcomers who might not understand how it all works. In the image above ,someone introduced a newbie to crypto without explaining the risks or advising them to do research first. Now the newbie is upset and asking for his money back.

This quote above is actually a post from my local board, I'm only using it as a reference to as many people, most especially the newbies whose ultimum search is to get quick profits, let them understand how scary it is to get involved into shitcoins, not just that alone, these set of people would invest blindly without proper knowledge. From the picture and chat, it wasn't Bitcoin they invested into, if it where then there will be no panicking because of the assurance that it must certainly bounce back to retain it's value. Our main search for investing, should basically depend on Bitcoin.

clearly, its not everyone that should invest into bitcoin and one mistake we make is telling newbies that buying bitcoin will make them rich and because most of them don't know the key fundamentals of bitcoin investment, you get to see this kind of mentality that clearly shows the dude knows little or nothing about bitcoin investment and that he is probably looking for ways to increase his capital to go into his business and for such people, bitcoin investment will obviously not work well for him.

while its not out of place to teach newbies about bitcoin and probably work them through the process of accumulating bitcoin till they have gotten the needed knowledge that will put them in a comfortable position to start investing on their own, basic knowledge regarding the fact that volatility is an integral part of bitcoin and shouldn't be looked at in the negative sense should be one of the first thing to inform them about. a dude that speaks the way the guy in the chat did clearly knows nothing about bitcoin and would have a big issue ceasing opportunities to buy during the dip instead of being afraid regarding the effect of the dip on his holding