Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
sotelorene
on 27/12/2024, 20:26:22 UTC
...
Majority of those people classifying bitcoin alongside cryptocurrency are probably ignorant, if they are enlightened that bitcoin is not crypto currency they will stop classifying it as such. Not many people are opportune or exposed to a learning space like this. So it is left for you and me to correct anyone we come across that's making such a mistake of classifying bitcoin as cryptocurrency. We should make it clear to them that bitcoin is not a crypto currency, but it is just bitcoin and should be referred to as bitcoin.

Technically, bitcoin is a crypto currency, yet it is misleading to lump bitcoin in as a crypto currency, or to talk about cryptos (shitcoins) and to lump bitcoin in as if it were the same thing or close to the same thing, since in an overwhelming majority of the instances, various shitcoins are trying to profit by implying that they are similar to bitcoin and if we agree to classify bitcoin in a similar way, then we are pumping shitcoins through our failure/refusal to be specific in our language.

As you mentioned, we are better off to specifically refer to bitcoin if we are talking about bitcoin, and if we also want to talk about shitcoins or to make some kind of point about one or more shitcoins, then we just need to try to be clear in our language, if that is what we are doing.

Mostly in bitcoin threads we are not necessarily needing to talk about shitcoins, yet surely from time to time the topic of shitcoins and crypto might become relevant to whatever we might be wanting to discuss.


It's indeed the terminology that rather new users or interested users use for some reason. When I am approached by someone I know, they often ask me what I think about cryptocurrency. Most of the time they do not specifically refer to bitcoin, but they mean bitcoin because I ask them "you mean bitcoin?", and the immediate answer is "yes bitcoin". I wonder if this has to do that a good bunch of the media use the term cryptocurrency.

But your concern is on point because if I were to tell those people who approach me that "cryptocurrencies are amazing and have huge potential", then me using the term might mislead them into searching for some low market cap shitcoin that could go 10,000x like bitcoin did. I do correct them or I put it into the right terms and let them know that there is a huge difference between bitcoin and 99.9% of the other coins.

I am not a 100% bitcoiner because I think a coin like Monero could have a right to exist. But to make sure that they don't get started with absolute garbage and then one day argue that "crypto" sucks but never owned any bitcoin, I am precisely pointing that out.

I haven't paid too much attention to it, but I believe that in this forum most of the older forum members tend to not confuse bitcoin with cryptocurrency as a general term for all coins in existence. It is usually the freshmen I guess who permanently talk about crypto instead of bitcoin, and maybe they are referring to anything that has a blockchain and they don't get the important difference anyway.

You have spoken well and you are right however looking at what I highlighted from your write up you shouldn't have mentioned that shitcoin here, saying you are not a 100% Bitcoin fan and mentioning a shitcoin that you think also has the power to exist is wrong because that coin is a shitcoin and here is a Bitcoin discussion thread, a lot of newbies may choose your idea and investing on that shitcoin which is very risky, shitcoins are shitcoins there's no better one so let stop sugar talking or advertising shitcoins in this thread.
Some newbies has been deceived through write ups like this, we know there's no shitcoins that should be trusted but we still find some people talking about it yes you can invest in it but don't bring it to Bitcoin discussion thread what you are talking about many newbies may read the meaning that the shitcoin you talked about is just like Bitcoin and since the price is still coming up let them invest in it that one day the price will be like Bitcoin which is a big lie, I was once a victim of reasoning like this and that's why I'm against mentioning shitcoins on Bitcoin discussion thread.


In as much as what you are saying seems to be or is true but I will also like to inform you that we have different type of newbie, you may not really understand what I mean by that but we have newbie who already knew what shitcoin and Bitcoin is all about and we also have newbie who doesn't know all these so, any newbie who doesn't know what all these information is all about should ask question(s)
That's your view, and I understand what you are trying to say here, but you are not saying it the right way.
Their are some newbies that are uninformed and their are also some newbies that are misinformed.
Those that are misinformed are the most difficult to to teach because they have already believe the wrong knowledge about something that have been given out to them, if you try to correct them, they will mostly argue with you.
But the uninformed one's are the ones that are like 🐑 sheep's, they knows nothing about Bitcoin, any knowledge shared to them will be received easily because they don't have to unlearn anything  like the misinformed newbie.
But once your are a Bitcoin investor and you knows all that  is required to buy Bitcoin either through the DCA method or the lumps sum method and you know what is needed in other to hold successfully, then in my own opinion you are no longer a newbie, because you already have the right knowledge on how to invest and hold successfully in a very long period.


It is obvious you misunderstood what I was saying earlier perhaps you should reread it again to get it sound and clear before you confused yourself the more. I wouldn't blame you because understanding differs, what I'm saying in essence is that the way you will view or grasp something will be very different from the way another person will..., so any newbie who is misinformed according to you and doubt the truth or argue the right information is already going nowhere in his or her Bitcoin investment and off course we all know what will happen to anyone who doubt the right information concerning Bitcoin investment and I still doubt if there's a newbie like that in this forum and if there's any, as they go through this message they should amend or adjust.