Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Ruttoshi
on 12/06/2024, 19:11:15 UTC
⭐ Merited by JayJuanGee (1)
[edited out].
Basically, converting digital tokens to digital assets can sometimes be considered in the sense that there are assets that are more valuable than others so you can decide to sell less valuable assets to buy Bitcoin when those assets starts depreciating in value but let it not be assets that are still generating good money for you.

Surely I was not attempting to differentiate between various kinds of digital assets and digital tokens, since I was only referring to bitcoin and otherwise referring to various productive and/or non productive assets and/or currencies.

When you get into talking about various digital assets it sounds to me that you are talking about shitcoins as a way to potentially diversify, and surely I was not talking or even hinting at any of that kind of discussion, since your earlier post did not seem to do that either.

The only digital asset/token that I was referring to was bitcoin... and maybe the dollar might be digital in some cases... but much of what you had initiated your post with was talking about some kinds of physical assets that might be used for generating income, such as equipment... and so there can be assessments about those physical assets and the extent to which they hold their value and how much inputs they might require to generate income.. and then also if they depreciate in value, hold their value or potentially appreciate in value.

I quite understand your point and I apologize if i sounded contradictory but you can agree with me that Bitcoin is also a digital asset and when am talking about digital assets it my post am referring to Bitcoin precisely and I don't mean that anyone who is into Bitcoin should diversify into other projects that are of less value than Bitcoin so if anyone who is a Bitcoin investor ventures into diversifying into something that is of less value when compared with Bitcoin then such person might be considered to be mentally ill. Just like what I said initially about leasing office equipments and I said that such equipments can generate income that can be used to fund one's investment in Bitcoin instead of selling them off so that is just the form of diversification am talking about and not some shit coins or shit projects other than Bitcoin.

If you check in the area I highlighted, the more valuable assets I was referring to was Bitcoin and not any fucking shitcoins, even if I sound contradictory over there perhaps my explanation here can convince you about the mode of diversification am talking about.
You should try and be specific with the word bitcoin instead of saying digital asset, because it can mislead new beginners who are here to learn from this thread. As you can see nobody will understand you that you mean bitcoin and that was JJG could not understand that you are talking about bitcoin.

The word bitcoin is short and easy to type than the word digital assest, because we have various type of digital assest and majority of them are shitcoins. You are an old member of this thread and you should have come across several times that JJG has being correcting whoever wants to call bitcoin and call it cryptocurrency.