Quote from: SuperBitMan on September 22, 2024, 01:48:40 PM

Quote from: Wind_FURY on September 22, 2024, 10:10:14 AM

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we try to compare one cycle fractal to the other but it's completely useless. every cycle is unique. the only consistency that i can find is the overall structure, which consists of approximately 400 days of glory, followed by 1,000 days of pain

now, i don't know and i don't need to know when exactly we absolutely pump to narnia. the only thing that i need to do right now, is react. that's all. react and preserve capital. a friend put it very well today when he said "my priority is not making money rn, its not losing bullets"

this is the calm before the storm. work on your edge. study the past bull markets and the recent tech and meme bubbles. get ready to squeeze as much money out of this damned market as humanly possible, with the utmost focus and confidence

https://x.com/intuitio_/status/1835782151041683551

The part of the post about "the priority" is not to make money, but to preserve capital is very wise. I'm very confident that many of the plebs like us have wasted their precious capital to "trade" shitcoins in such a bad market. They either lost ALL of their capital or MOST of it. That would be terrible, especially if the capital was denominated and held in Bitcoin. Merely HODLing it would have preserved capital.

Shitcoins has frustrated a lot of people and I ask are people blind to see what is happening because I'm still seeing some people investing in shitcoins the risk in shitcoin investment is too much and should be avoided.

There was a shitcoin created some time ago called Davido coin this coin was created by a music star in Africa, when he created it he announced it and a lot of his fans went and bought the coin, he had the highest number of the coin, because of how much interest his fans had on the coin the coin started gaining value and growing in price and before we knew it the music star sold out all his Davido coin and that made the value of the coin to drop so badly so he gain and those that bought the coin lost, so you see shitcoins should be avoided a lot of them are created by scammers people who wants to exploit others.

Davido?

Those sorts of "coins" are causing the opposite of onboarding people in crypto. If a normie's first experience in "crypto" is buying and losing his capital in "Davido", I'm very confident that that person will never return and start generalizing everything in crypto as a scam. That actually going to hurt the cryptocurrency that's built to make real social change - Bitcoin.