Quote from: Salahmu on September 26, 2024, 08:56:52 PM

Quote from: JayJuanGee on September 26, 2024, 08:57:08 AM

Quote from: Salahmu on September 26, 2024, 08:26:06 AM

Quote from: EarnOnVictor on September 26, 2024, 08:18:37 AM

Quote from: JayJuanGee on September 26, 2024, 06:42:01 AM

Quote from: EarnOnVictor on September 25, 2024, 09:59:21 AM

These guys are only following what they read and watch online,

You want them to follow you instead? Then what?

It's not about following me, it's about being smart. They also have the choice to weigh their options, and perhaps try the two for a while to choose the most reasonable one through earning results and portfolio safety rather than blindly believing in buying! buying!! buying!!!.

JayJuanGee is right because obviously since you don't acknowledge the DCA that has been very helpful to everyone you are certainly implying that People should follow your investment pattern instead since you believe that your strategy is better and smarter, actually there is nothing smart in advising someone into using a method that would possibly results them losing everything all because of trying to outsmart the market.

It seems to me that part of EarnOnVictor's problem is that he is spouting out that there is supposedly some better strategy than DCA, but he does not really particularize such strategy in a replicable way including figuring out how to show normies how to follow such a supposed superior strategy in terms of acquiring and/or maintaining their BTC position.

I agree with you because I have also thought about it that EarnOnVictor is just trying to look for any other means to show that DCA strategy is wrong but he fails to be specific on what strategy he feels is better and why he feels that those other strategy are better than DCA, actually I still wonder how all he has said will be of any beneficial to a holder because when he talk about outsmarting the market he was not even particular on the kind of strategy he proposed to use in outsmarting the market that he believes to be superior than DCA strategy, so actually he doesn't really have any better strategy but instead he is just trying to displaying an assumption that isn't true because there is no any other better strategy to use in accumulation of Bitcoin other than the ones you have explain so far.

It could be that some of these kinds of guys, like EarnOnVictor, could just be here to contribute to confusion and inspire guys to have a gambling and/or trading mentality, and sure, it could really be true that he follows such strategies himself and it also could be true that he outperforms DCA - even though it can be quite difficult for normal people to really outperform DCA when they are fucking around trying to guess if the BTC price might go up or down or sideways.

Of course, we can look back at charts and say that we should have had bought at various times and that we should have waited at other times, yet for an overwhelming majority of normies, we are not going to be able to see those price points in advance, at least not with any kind of level of clarity or confidence, so in that regard, even if the normie may well end up paying a bit more on average for some of his Bitcoin, he likely is still going to be able to create and to follow through with action in regards to plans that ongoingly increase his bitcoin and become quite likely for him to be in a much better place 4-10 years down the road or longer... and with an investment like bitcoin, it has historically performed so well that it really did not matter so much at what price points the earliest of adopters were investing into bitcoin, so in that regard the DCAers have tended to have very good BTC portfolio performance, especially the longer that they have been in, especially since we can see from the charts that the BTC price has been and continues to trend upward.

There have been a lot of traders who end up fucking up their BTC portfolios and even their psychology by either failing to buy BTC regularly and/or even selling too many BTC too soon. They become bitter beartwats who used to have BTC and are still waiting for the BTC price to go lower than their sell price. Getting into that kind of mindset is likely not a very healthy place to be, especially for someone who wants to build his bitcoin portfolio as soon as possible, even though it still could take 4-10 years or longer just to build it up and to get to a point that maybe he might transition into more of a kind of maintanence rather than accumulating and then perhaps later down the road start to shave off some profits here and there along the way in a kind sustainable way that could be price based and/or time based - and I tend to conjecture that the price based shavings come first, even though there are justifications to start to employ either one of the withdrawal systems once a person reaches high enough levels of BTC accumulation - and better yet if it is a kind of overaccumulation status to justify carrying out the withdrawals.

Yes, we all know that past performance does not equal future performance, so surely it is likely going to be the case that the upside steepness of bitcoin's price performance is not going to be as great as it had been in the past, yet at the same, time there really is nothing to establish that bitcoin's investment thesis has been weakening with the passage of time, and largely various forms of BTC adoption and the building of network effects (as outlined by Trace Mayer) have continued to be increasing with the passage of time.

Quote from: Issa56 on September 26, 2024, 09:36:56 PM

Quote from: Mayor of ogba on September 25, 2024, 12:32:35 PM

You have been in this thread for a long time, and you have seen how we used to tell newbies how risky it's to invest money in shitcoins, but you choose to use your money to trade shitcoins with the hope of making a quick profit,

Most people don’t do what they preach. The reason why I think most people involve themselves in all this shitcoins is just because they are looking for quick money, and in the process of doing that, we might end up losing everything we have. Real people that understand crypto know that there is no rush in it, and if you are desperate to make money, then you might end up falling in the wrong hands.

There seems to be little to no reason to study, learn and/or understand crypto... Seems like a BIG ass waste of time to attempt to be doing that.

I would suggest learning bitcoin first, and then the extent to which the various shitcoins might relate to bitcoin, then some of the happenings that involve shitcoins could be looked at through the eyes of first understanding bitcoin...

When you understand bitcoin first, then some of the various shitcoins will be better understood in terms of their either serving as affinity scams to bitcoin or perhaps second layers to bitcoin (to the extent that they might have some stability) and/or otherwise just drafting off of bitcoin's momentum.

Quote from: Issa56 on September 26, 2024, 09:36:56 PM

Trading bitcoin and having patience is just better than trading all these shitcoins because there is just high chances of losing money.

If a person is trading, then perhaps it does not matter whether they are trading bitcoin or shitcoin, since trading is likely just trying to make profits from price moves in either direction and also attempts to take advantage of arbitrage opportunities that might exist between coins and projects. With trading there are also various kinds of financialization instruments that can be used, too, including using leverage, which many of those trading and/or gambling practices become more problematic after recognizing and appreciating the various strengths of bitcoin's long term investment thesis.. So realizing that bitcoin has a decently strong long term investment thesis, should help to inspire the accumulation of bitcoin rather than attempting to trade it.

Quote from: Issa56 on September 26, 2024, 09:36:56 PM

If you have been making money from shitcoins previously, don’t be surprised that you will end up losing everything you have made one day.

Sure. The truth with any trading and/or gambling and/or getting involved in shitcoins, if you do not lose your money right away, then the longer that you are involved in it, then you run chances of losing your stash and/or failing to benefit as well as you could have had benefitted by just investing into bitcoin. Even bitcoin is not guaranteed, yet if you involve yourself with trading bitcoin or even shitcoins, you are just adding levels of risk, that may well take a lot of extra risk or even require some luck in order to merely perform as well as a strategy that involves focusing on accumulating bitcoin through buying only techniques... No need to sell or trade your bitcoin if your goal happens to be to accumulate bitcoin, and one of the most assured ways to accumulate more bitcoin is by continuously, peristently and consistently buying bitcoin, which does not require trading, selling or even the employment of more advanced (and/or complicated) financial instruments.

Quote from: Issa56 on September 26, 2024, 09:36:56 PM

Quote from: Mayor of ogba on September 25, 2024, 12:32:35 PM

There are so many shitcoins that are built with no solid use case, and it is difficult to determine the shitcoins that will do well because they only depend on hype to grow in price

Is any shitcoin even built on any solid use case? I don’t really think so, most shitcoins are just based on hype, whenever there is hype, it pumps, and if the hype dies down, it’s dump, and after dump, some of them might not even rise again after dumping. So the best thing is to just invest in bitcoin and have peace of mind.

Just say no to getting involved in shitcoins, and if you cannot resist getting involved in shitcoins, trading and/or gambling, then at least limit the amount that you put into such endeavors to less than 10% of the size of your bitcoin holdings, and don't cheat by continuing to withdraw from your bitcoin holdings after you have taken the 10%, yet if you are ongoingly buying BTC and shitcoins it would still be acceptable to have up to a 10% allocation into shitcoins and/or trading, so that you would have 90% into bitcoin and 10% into shitcoins and/or trading (aka gambling).

Quote from: Agbamoni on September 26, 2024, 11:10:32 PM

Quote from: Salahmu on September 26, 2024, 08:56:52 PM

I agree with you because I have also thought about it that EarnOnVictor is just trying to look for any other means to show that DCA strategy is wrong but he fails to be specific on what strategy he feels is better and why he feels that those other strategy are better than DCA, actually I still wonder how all he has said will be of any beneficial to a holder because when he talk about outsmarting the market he was not even particular on the kind of strategy he proposed to use in outsmarting the market that he believes to be superior than DCA strategy, so actually he doesn't really have any better strategy but instead he is just trying to displaying an assumption that isn't true because there is no any other better strategy to use in accumulation of Bitcoin other than the ones you have explain so far.

I wondered when EarnOnVictor deviated from an educative discussion to a competitive one. Ultimately, who cares who owns more Bitcoin than the other or whose strategies work well for them? Bitcoin investment is meant to be personal. We only share our experiences in this thread to benefit from others facing the same difficulties, share ideas, and come to a personal conclusion. If any other strategy works well for him then he should stick to it, rather than criticizing the DCA that many investors use to accumulate.

I doubt that we are opposed to criticisms of DCA or even proposals for better BTC accumulation strategies, so EarnOnVictor would not be off topic if he might be suggesting better ways to employ DCA, so even if he is proclaiming that he is not trading (which he is not even saying that), yet he tries to proclaim that it is better to attempt to be more strategic in regards to employing DCA by not buying as much when the BTC price is more and saving up in order to buy more BTC when the BTC price is dipping, and surely those are ideas that are within the contemplation of this thread and members are free to have their differing opinions the extent to which they might employ strict DCA versus if they might try to be more strategic around potential BTC price dips that might come. He tries to proclaim that there are indicators that cause it to be obvious when the BTC price is going to dip, so that we would be better off to not be strict in our DCA approach.

Personally, I have my doubts that beginners should be fucking around trying to figure out when dips might or might not happen, and it is likely way better to just continuously buy BTC, and then maybe after accumulating a certain quantity of BTC, then there might be more luxury to be able to try to hold back and to buy on dips. I surely disagree to the extent that selling of BTC should be employed for anyone who is still in their earliest of stages of BTC accumulation. Perhaps BTC selling might start to come in handy after a BTC accumulator had spent quite a bit of time accumulating BTC and perhaps have reached a state of overaccumulation. Surely folks can misread when to start to employ such selling techniques, so I tend to think it is problematic to sell BTC for guys who already know that their goals are to accumulate BTC.