Quote from: mirakal on September 15, 2024, 10:59:09 PM

Quote from: Dr.Bitcoin_Strange on September 14, 2024, 03:56:12 PM

Quote from: B1-66ER on September 13, 2024, 12:10:20 PM

Embrace being a maximalist and keep the scammers at bay.

It's not every project that is a scam tho, some project are still legit and even if they will experience any challenge that can cause them to fail just like Luna did, before that will happen, you have already taken your profit. Although, you can stay a maximalist if you can not bear the risk that is attached to investing in other projects.

If you intend to be a maximalist, most probably your mindset and intentions are just limited, which I think is not suitable if you chose bitcoin as your investment. Bitcoin is always unpredictable, it could surge high and drop to its bottom before we knew it.So if you'll only stick to it and is not open for other investments, you might be in trouble and become depressed in the future. If you can't bear the risks associated with bitcoin, then just diversify and avoid being a maximalist.

It goes further then being just an investment when you are maximalist. Price doesn't matter really, because being a maximalist often means that you lose all objectivity and instead of seeing any problems in the tech that you are fan of, you project that by focusing on problems of other coins. Which isn't really productive.

I see it as simliar to hero worship phase in a childhood development, and it might as well could be. Maximalists need something they can always rely on and never question if their "champion" (coin), is doing ok or not. Because it can only be doing ok. There are no faults, or downsides in it. Until they finally admit that they were scammed, and then they need a new champion to worship.