Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Tmoonz
on 04/11/2024, 16:02:21 UTC
⭐ Merited by JayJuanGee (1)

Ser, the term "Ponzi" was merely stigmatized because the originator was a scammer. But TECHNICALLY it describes how in order to exit the system with some profit, NEW MONEY must enter that system. Do you understand?

Bitcoin is a naturally-occurring Ponzi LIKE Gold, NOT a scam like those Ponzi Schemes that has a nefarious entity on top. There's a difference, ser. Cool

Maybe best to avoid any misleading information towards name calling of bitcoin you or other people should stop calling it as Ponzi since that word give bad impression to people since it associate with frauds or anything illegal that you can imagine.

Just call bitcoin as bitcoin and don't use other term to describe it since you don't know what came up on the people's mind especially when you call it a Ponzi like asset. This is also the reason why I don't call bitcoin as crypto since it mislead people again to other scam project saying that they are the next bitcoin. To many confusion spreading around and to many newbies in the scene so to avoid giving problems to those people we should call bitcoin its known name and don't compare it with other asset.
Yeah you are right if one don't call Bitcoin by it's name you may mislead some newbies, I know someone who believed that all other crypto coin are also known as Bitcoin which lead him to invest in a shitcoin and he lost his money, so we should always call Bitcoin by it's name to avoid complicating things.
Ponzi scheme has really made a lot of people lose there money and by the mention of the name Ponzi what comes to some people's mind is scam and Bitcoin should not be link to Ponzi as is a very different thing.

People should understand that there are newbies who don't engage in discussion here but often come on threads like this to learn about Bitcoin investment therefore everyone has to be careful concerning things they say so as not to mislead those newbies and give wrong impression to them about Bitcoin, he might not have called Bitcoin a Ponzi but relating it to that name alone is mislead and once those newbies learn that a high ranking member is relating Bitcoin to Ponzi then they'll think it has scam features on the long run, let's the guided and try as much as possible possible to pass the right informations while we discuss about the concept of Bitcoin investment, Bitcoin has nothing relating to Ponzi and if one invest on Bitcoin the right way and follow it concepts thereby using good methods then they'll benefit from it and even recover loses, expect for those who use it for trading despite being aware of the high risk factor.
Beginniners should know that not everything they see or hear from a thread they will use to establish their own investment, there are some strategies that will work for Mr John and it will not work for Mr Paul if they invest different capital in that investment, you as a beginner, you need to carry out your personal research before doing what you hear or seen in the thread because there are methods they will not display on that thread for you not to know everything about the methods but if you concentrate and go deeper in research, you will definitely get it right to boost your income in your investment. Bear season is the right way to earn income in your holding when bull season begin to display, do you want to buy bitcoin now? I will advice you to wait for the price to decrease back to $50k before you can buy and hold for long years, before you can think of release them for sale and it will open your eyes to see that long holding is profitable than short holding.

This is very wrong and can be possible to misleading newbies, it is Bitcoin we are talking about here hence the watin strategy before accumulating Bitcoin is wrong for someone that is still very early in his or her Bitcoin journey,
If actually buying to hold for as long as necessary is the motive it is a total waste of time waiting for a price drop before buying, perhaps there is no certainty that the price will go as low as you plan or it could even probably go higher and at such resulting missing good buying opportunities when you had the chance to.