Quote from: Dzwaafu11 on Today at 04:14:36 PM

Quote from: SuperBitMan on August 10, 2024, 11:14:16 PM

Yeah shitcoins should not be mention in this thread at all, shitcoins has emotionally broken some people and has lift them depressed, I know what shitcoins has done to people some people lost there life savings to the hands of shitcoins, and is so painful when I see some people supporting shitcoins and encouraging people to invest in them, anyone encouraging shitcoins is a scammer, a know a lot of shitcoins that were created by scammers and they scammed a lot of people through it.

The reason why some people are investing in shitcoins instead of Bitcoin is wrong information that has been passed to them about Bitcoin.
There's just one thing that can help correct all this misconceptions about Bitcoin which is going through the history of Bitcoin it's development and growth.
Going through this will help change a lot of negative narrative about Bitcoin and so is advised to encourage everyone especially newbies to go through the history of Bitcoin very well.

The thing is that any time you want to invest in something, either bitcoin or any other coin, you need to do research on it.

If you look at bitcoin first, and then you consider various shitcoins in light of bitcoin, including that they are all affinity scams and they rely on bitcoin for their value, then you likely will realize that you don't need to be fucking around trying to figure out which of the shitcoins happens to be less shitty. So you are wrong about your assertion that there is any need to be fucking around trying to figure out which shit coin might happen to be less shitty and worth gambling upon.

If you cannot resist the idea of gambling, then maybe you can at least limit the amount of value and/or research time that you put into various shitcoins to be less than 10% of the total of your bitcoin holdings, then at least you have some way of limiting your temptation to gamble, since gambling is so tempting for so many folks.

Quote from: Dzwaafu11 on Today at 04:14:36 PM

That is the first step you need to take, but some people you see got scammed with shitcoin. Many of them should blame themselves because why will you put your money into something you don't know about or due to how it was hyped? Even if a coin was hyped and you as an investor want to invest, the first thing you need to do is research. You can't just invest in something like that.

You are misleading folks into thinking that there is any need to fuck around with shitcoins. Establish a bitcoin strategy first, and probably after you figure out your bitcoin strategy, you will find that you don't really need to be fucking around with various shitcoins.

Quote from: Dzwaafu11 on Today at 04:14:36 PM

And another thing is greed. Some people came into the crypto space to make fast money, and that is why shitcoins take their attention and get scammed by scammers, so to me, there is nothing good about shitcoin. Whatever you want to do, do deep research on it before taking the next step to avoid losing your money.

This part seems to be correct.. so if you already know shitcoins are shitty, then why are you even suggesting that folks research into shitcoins. Sure, start with bitcoin first, and if they still have curiousity to get involved in shitcoins, then they could look into it with maybe up to 10% of the size of their bitcoin holdings.. but most of their attention should be focused on making sure they understand bitcoin first and also to have some kind of a decently solid plan, strategy and execution in regards to bitcoin. It can take several years to get a good bitcoin plan together and to execute it, yet surely I can see how some folks are going to be curious, so yeah, they can spend some of their extra time looking at various ways that shitcoins relate to bitcoin or how they are affinity scams or how they are sucking off the teat of bitcoin, and if they can appreciate the relationship, then when they choose to gamble some portion of their money, then at least they are informed about the relationship between bitcoin and shitcoins and to figure out how they might get involved in some shitcoin based on some kind of a better informed perspective, including realizing that there tends to be a lot of fucked up shit going on with various shitcoins including their various centralized systems that they are presenting as if they were not centralized, and even if they are presenting aspects of their supposed offerings as legitimate endeavors.

Quote from: Dzwaafu11 on Today at 04:14:36 PM

Quote from: Onyeeze on August 10, 2024, 09:13:30 PM

I know a lot of investors will say they aren't holding bitcoin for profit, but I want you to know that almost all the bitcoin holders are holding bitcoin for profit when they have accumulated the quantity of bitcoin they want. Bitcoin investment is like any other investment that will yield a good profit in the long run if you get it right, and everyone who is holding bitcoin would like to experience this at the end of their investment. The reason why it seems that so many people are not holding bitcoin for profit is because a lot of investors are holding bitcoin for the long term. They don't like talking about profit because they know how long it will take them to sell their bitcoin.

I can assure you that more than 90% of bitcoin hodlers are doing it for the profit that it will give in a long period of time. Every investment has been done for because of the price someone can't just invest and said because of nothing he just wishes to invest it's not possible event the value we are talking about is all part of the profit man.

Sure profits is a factor with every investment, since you should not want to invest in something that you have an expectation of losing value over time. There is also a difference between focusing on short-term profits versus having a long term perspective, and sure there is an expectation of profits, but profits is not as much of a motive, since profits are kind of assumed with something like bitcoin (even though at the same time the profits are not guaranteed), but if a person is investing into bitcoin 4-10 years or longer, there likely could be expectations that he is going to have more options down the road, which is largely based on bitcoin holding its value and/or not being debased in ways that fiat systems are debased.. . .. so it seems to be problematic to attempt to suggest that everything is about profits, and then end up getting distracted into various kinds of short term thinking about how your investment might be doing in less than a 4 year time line, and if someone might be buying bitcoin on a regular basis (such as weekly in a DCA way) for more than 4 years, they are going to have their earliest of their purchase amounts as likely being more in profits than their later investment amounts, yet with likely ongoing BTC price variations, they are going to have BTC purchase prices that are likely to be all over the place, yet hopefully with the longer investment timeline, the BTC prices are gravitating upwards and so in the end the investment is more and more likely to be in profits (even though not guaranteed to be so), and the most recent of purchases should also have a 4-10 year investment timeline, so if a person is continuing to buy BTC, there still likely is a bit of a timeline before he would be cashing out all of his BTC so he might transition from accumulation phase to a maintenance stage and then later begin to consider strategies for withdrawing parts of his investment from time to time whether he incorporates price based withdrawal systems or time based withdrawal systems, all of those withdrawals would be presumed to be in profits and maybe he does not start withdrawing until more than 10 years after he started buying BTC.. of course, with various buy price points and times throughout the years.