Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Wind_FURY
on 25/09/2024, 05:29:26 UTC
⭐ Merited by JayJuanGee (1)
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", then I'm very confident that that person will never return and start generalizing everything in crypto as a scam. That's actually going to hurt the cryptocurrency that's built to make real social change - Bitcoin.


I saw when that shitcoin DAVIDO was trending in X and I new that a bunch of gullible were about to get burnt. It was not long before the the news turned against those who thought they were making a wise decision by buying the trend and they started counting their losses. Rumors even have it that the found deliberated cheated his fans by dumping on them at the peak of the hype, typical of every shitcoins where founders always leave the gullible with bag of shit after collecting their money.
 
This is a good reminder that Bitcoin is the reliable asset to invest in for the sake of peace of mind because no one can dump Bitcoin beyond recovery like they do in shitcoins. I'm glad I now know better so I cannot fall for shitcoins anymore as I'm carefully building my Bitcoin portfolio.


How much was Bitcoin during that time, and how much would an average pleb would have gained if he/she merely invested all of that in Bitcoin, and HODLed? It might not be the sort of profit gained that he/she imagined with Davido, but he/she would still be HODLIng his/her capital in the best cryptocurrency in the world - Bitcoin. Plus he/she still would be owning it decades from now.

Invest your precious, limited capital only into Bitcoin my fellow plebs.