Quote from: JayJuanGee on Today at 03:42:36 PM

Quote from: Chiomaobi on Today at 08:32:08 AM

Quote from: JayJuanGee on June 20, 2024, 05:50:17 PM

Quote from: Chiomaobi on June 20, 2024, 07:36:34 AM

Quote from: JayJuanGee on June 20, 2024, 04:16:42 AM

[edited out]

Shitcoins should not be mention is this thread because it's not to be trusted at all a lot of shit coins are created just to exploit people, my brother was investing on one shit coin that i really don't know the name and he lost almost all his money if not that he quickly sold everything and he has been investing on it for a year plus the other day we were discussing and he told me the shitcoin as lost every value now. A lot of people are always losing and regretting investing in shitcoins and I have discovered The reason reason a lot of people even think of investing in shitcoins is because they believe Bitcoin won't rise again or Bitcoin won't grow more than this so they feel like investing on an upcoming coin this is a very wrong reasoning because Bitcoin has not even gotten closer to a price that will shock the world so I will advise every newbie to accumulate as much Bitcoin as he or she can and forget about shitcoins if they want peace of mind or don't want to lose there income.

There are some folks who cannot resist shitcoins &/or gambling, and some of them might be saved from overly shitcoining and/or overly gambling and being able to at least address their urge if they were able to keep (without cheating) their shitcoining to less than 10% the size of their bitcoin investing.

I will never advice anyone to invest in shitcoins or even invest a low percent in it, shitcoins has frustrated a lot of people and is a very bad investment and the funny thing is that a lot of people are still investing in it even after seeing the level of loses people are having everyday and like you said there are people who can't resist shitcoins and the reason is lack of patience they see Bitcoin as something that takes years before it grows and they see shitcoins as something that grows quick but that's a very wrong mindset,

Sure there could be some folks who see my proclamation of not investing any more than 10% into shitcoins as a recommendation to invest in shitcoins, but it is not - especially since I say don't invest in shitcoins, but if you are going to do it then to at least limit yourself.. so yeah, I cannot help from people having their own interpretation.. and perhaps reading my suggestion as a recommendation in regards to shitcoins. Even if there might be some benefits in just sticking with the one message, I do consider that people need to figure out some of these balances for themselves and there really aren't too many strict prohibitions in life... the prohibitions tend to be based on some kind of an outcome that might be preferred.. so we might say, if you want to increase your chances of having financial independence and building long terms wealth, then don't fuck around with shitcoins.. but so many folks are gamblers by nature, they want to make their own decisions, they don't want anyone telling them what to do and they also probably tend to believe that they are smarter too.. or at least smart enough to navigate the various dangers of shitcoins... and might not even recognize/appreciate their own vulnerabilities in terms of being persuaded by disinformation and the persuasive talking points that many shitcoins are able to fairly effectively employ.

I understand very well the information you passed and yeah some people will misinterpret it but for someone that read all the right up with understanding he or she will understand the angle you are coming from.
And yeah you are correct about those who invest in shitcoins they really don't like one telling them what to do and they always feel they are very smart to know the best shitcoin to invest with, well I have a friend that was investing on shitcoins in my university days the first shitcoin he invested gave him a huge amount of profit he was very happy and stated investing more and more money on shitcoins but it later started failing him he lost a lot of money and he even use his school fees to invest one on shitcoins one certain time and lost it, right now as I'm writing this his one of those people that are against investing on shitcoins because it has caused him a lot harm than good, investing on shitcoins may look good but I can tell you for free there's more harm than good in it.
Those people that thinks no body can tell them what to do or they are smart enough to navigate the dangers of investing on shitcoins are still benefiting from it when it will hit them they will advise themselves.
Anybody who those not listen to other peoples opinion always have issues, as we are all here in this forum if you don't listen and reason about an opinion you will never gain anything useful, is advised to always see the other side in every opinion, when JayJuanGee mention about investing only 10 percent on shitcoins if you think you can't do without investing on shitcoins I thought about it and also think is good even though I can't invest on shitcoins investing 10 percent is not a bad idea and those people that invests on shitcoins if they take that advice the damage of shitcoins won't affect them that much.
However I will advise everyone never to invest on anything that will always make your mind to be restless I had a story of how the shock of a fall in a particular shitcoin killed a man, Bitcoin is save and best for investment I don't fear the fall in Bitcoin because is just for a while but the rising of it is always paramount when Bitcoin dips is just an opportunity for people to accumulate more.

Quote from: JayJuanGee on Today at 03:42:36 PM

Quote from: Chiomaobi on Today at 08:32:08 AM

Bitcoin is the best investment and the only thing one needs to be successful in Bitcoin investment is patience, for those that can't resist shitcoins I will advise you to check the life of people that has been investing in shitcoins for over 8 years and those who has been consistent in accumulating Bitcoin for over 8 years check there level of success through there you will know the best investment to involve your self in, Bitcoin is the only investment you can have peace of mind ever since I started accumulating Bitcoin using the DCA strategy I don't think of losing my money I don't have fear of anything but in shitcoins you will never have peace of mind investment because the risk of using your money is so high, investing in Bitcoin is the best decision I have made as a newbie in the crypto world and I'm happy being in this forum were will discuss Bitcoin and share ideas if not for this forum I won't know about the DCA strategy I'm using now. Bitcoin investment is a peace of mind investment because it will never fall without rising to a great height and so I don't bother about the falling of Bitcoin all I think is accumulating as much as I can. Please everyone deceased from shitcoins and focus on Bitcoin don't waste years investing on shitcoins and regret later.

I don't disagree with you about bitcoin remaining the best investment.. yet past performance does not guarantee future results and also bitcoin is not guaranteed to continue to outperform shitcoins - whether we are talking long term or short term... so each of us has to figure out our position size and also the extent that we feel that we need any other investment/savings besides bitcoin and cash. I think that it is perfectly fine to start out with bitcoin and cash as the only two asset classes ... and to build from there.. yet how am I going to presume all of the individual factors of other people? And, sure I can attempt to be somewhat persuasive to other persons that their starting out and even building with bitcoin and cash should be good enough.. and maybe I am correct.. and maybe they come to the wrong conclusions about how to structure their plan forward, and maybe they want more flexibility and the perception of having more options. I think amongst the most that I can do is either lead by example or to suggest that if I were in their position (which surely my position may well not be the same as theirs since I started more than 10 years ago and they are just starting), then I would do x, y and z.... .. again, my point is about ONLY being able to go so far with folks, and it might not be helpful to even attempt to be too imposing upon other people even if you might be in a position to do so.

Bitcoin investment is a peace of mind investment people can choose to invest in shitcoins but we all know investing on shitcoins is very risky that is why it is said invest what you can afford to lose no body will love to be in an investment that you know the chance of losing your money is so high I think the only reason why people choose to invest in shitcoins is lack of patience on Bitcoin they feel is slow in growing.
Having multiple options is not a bad thing but investing on shitcoins is a bad idea, if you have a lot of money I think the best thing to do is to be aggressive in your Bitcoin accumulation and then make your emergency, reserves and float funds very strong so as to secure your Bitcoin investment, a lot of people engage in multiple options of investment and forget about making there emergency, reserves and float funds strong and when little emergency comes there way they end up selling all there investment which is a very bad one.
However everyone knows what is best for him or her and I will never persuade any one to forget about shitcoins when the damage will come you will advise yourself and it will be the best advise, for me I can't invest on something I know fully well is more than risky I love and cherish my peace of mind so I will always avoid shitcoins.
I agree with you JayJuanGee that it might not be helpful to even attempt to be too imposing upon other people and that is why I feel anyone that feels comfortable investing on any kind of investment should go on but is wise to ask questions and learn from other people's experience whether good or bad.