Quote from: Familian on January 11, 2025, 09:28:10 PM

Quote from: JayJuanGee on January 10, 2025, 05:09:06 AM

[edited out]

You can't blame them JJG, some of this folks don't actually know the demarcation between bitcoin and cryptocurrency and that can be pointed to common insufficient knowledge about the phenomena.

I can still blame the various dummies, and maybe even berate them by calling them dumb and/or retarded for not knowing the difference.

Quote from: Familian on January 11, 2025, 09:28:10 PM

And for a newbie who isn't careful to have self-studied to know their difference it could be confusing having to read those vague terms.

Sure. It can be confusing, and there is a lot of misinformation in the world, and each of us has a responsibility to aim towards figuring out the difference between good information and bad information, and if we say something stupid, then we probably deserve to get verbally beaten up for our having had expressed dumbness through our actions and/or through out words.

We don't need to agree in regards to how we might discuss such matters, and perhaps it could possibly be true that my way of trying to talk about bitcoin versus shitcoin might not resonate with some others as well as someone who might attempt to be more diplomatic in regards to how they discuss the topic.

Quote from: Familian on January 11, 2025, 09:28:10 PM

It's high time people get to put effort to be specific, if they want to talk bitcoin then it should be bitcoin all through their statement,

Surely, I don't mind if people talk about bitcoin versus shitcoins, and maybe they might have questions or they might not even know the difference, and surely that happens in this forum and even comes up in various forum threads.

There likely are some forum threads that are more basic than other forum threads, yet surely it can take a bit of time for newer forum members to learn about bitcoin, to learn how to express themselves without being overly vague and without misleading other forum members (even if they might not have had intended to mislead anyone). Sometimes members might need to read a bit more before they post, or maybe ask questions if they might not be sure about how to use terms like crypto versus bitcoin, and yeah, some forum members who end up getting verbally beat up are somewhat innocent in their inadvertent use of vague and/or misleading language.

Quote from: Familian on January 11, 2025, 09:28:10 PM

and when they want to talk shitcoins they should also stay that way and not confuse the two, most importantly in this thread that is a dominant topic of discuss on bitcoin.

There are some forum threads that are more bitcoin focused than others, and some forum threads that are about trading and other threads that are about investing, and sometimes it might not be exactly clear about the thrust of the topic of the thread, and so just on the surface, this thread seems to have some ideas of trading, which could imply that this thread might even be accepting of ideas of shitcoins versus bitcoin, so many times, I will be more tolerant in regards to my getting worked up about the language of other forum members when the thread title (and/or the OP) is a bit ambiguous in regards to whether we might be talking about trading rather than investing, so from my own perspective once the discussion of trading is potentially part of the topic, then there is a bit more allowance to mention shitcoins, even though from my own perspective, it still can become irritating if any forum member is not clarifying if he is talking about bitcoin or shitcoins, and when he uses the term crypto and he is also seeming to want to talk about bitcoin, then it becomes even more frustrating because it becomes unclear what he is even talking about. So then a valid question is whether he talking about bitcoin or not? and if he is talking about bitcoin, then why did he use the term crypto?

Surely there could be some contexts in which a poster might be talking about both bitcoin and various cryptos in a kind of general sense, so it seems to me that it is preferable that we can get some sense for what is meant by the chosen language.. .. so yeah, the more irritating posts are the ones that say crypto various times and don't even mention the word bitcoin, so it becomes difficult to even know what is meant, so I doubt that we need to be letting those kinds of posters off of the hook when they use such vague and misleading and non-specific language...and yeah, sure, not everyone is going to agree about my perspective on the choice of language topic... .and surely part of my own concern also is that many disingenuine posters will derail threads through their use of gobble-dee-gook and nonspecific language... so from my own perspective, many times it will be better to either point out the vague language or to berate members who use such vague language, since frequently it can be difficult to figure out if they might not be using such vague language on purpose in order to derail the thread... or to mislead people about bitcoin or to attack bitcoin or to subtly pump some baloney shitcoin or some baloney shitcoin talking point.

Quote from: SuperBitMan on January 11, 2025, 11:07:28 PM

Quote from: JayJuanGee on January 11, 2025, 08:17:18 PM

[edited out]

Bitcoin is an investment and nobody that is investing on Bitcoin is expecting to lose his or her money, some people are even using Bitcoin investment as there retirement investment plan so you can't classify money used for Bitcoin investment as money I can afford to lose, people use huge amount of money to accumulate Bitcoin using lump sum strategy and even if you are using DCA strategy and maybe you are using $50 to accumulate weekly if you sum it up for 10 to 20 years is a huge amount of money also, so are you saying this money are money you can avoid to lose I doubt.

We can agree to disagree. I already made my point.

Quote from: SuperBitMan on January 11, 2025, 11:07:28 PM

Yes I understand the point you are trying to make However having a discretionary income and using it for Bitcoin investment those not mean you don't have other use for it, our Discretionary income can be used for other things or investment but we choose to invest it on Bitcoin not because we want to try luck but because we want to benefit from Bitcoin in years to come and that's why we buy and keep holding.

Your continuing to want to discuss or argue about the topic is either repetitive or comes off as showing that you still don't understand the point, even if you are proclaiming to understand the point.

Quote from: SuperBitMan on January 11, 2025, 11:07:28 PM

Money we can afford lose and Discretionary income is related but serve different purpose,
Money we can afford to lose: is Money you can risk, invest or spend without it damaging your financial stability or status.
And Discretionary income is the portion of your income
that is left over after settling essential expenses such as taxes, housing, food, mortgage, water, electricity bill, etc.
And if not used wisely can after your financial stability and status.

From my perspective, you are over thinking it... and you have a right to believe whatever you like, even what I perceive to be a ill-informed framework for contemplating the topic.

Quote from: SuperBitMan on January 11, 2025, 11:07:28 PM

Now losing discretionary income could potentially affect your savings or financial goals because it is this Discretionary income we use to build our backup funds such as emergency, float and reserved funds, but losing money designated as money we can affordable to lose will not affect your financial savings or financial goals.

Money we can afford to lose is gotten from discretionary income and when you want to use your Discretionary income the smallest amount which is lift that can't be used for any other thing be it investment or luxury life style etc are the money you can afford to lose.

I doubt that your explanation is helping to make matters more clear, but whatever, we don't need to agree.

From my own perspective, I see no reason to repeat how I already framed the matter.

Quote from: avp2306 on January 11, 2025, 11:09:54 PM

Quote from: I_Anime on January 11, 2025, 08:37:05 PM

Quote from: JayJuanGee on January 11, 2025, 08:17:18 PM

Wow!!!

I didn't know that "we all" knew that nothing gonna happen to bitcoin.

"We all" know the future with 100% certainty? That is news to me.. and, even very important news.

I am thinking that "we all" must be very very richie, richie if "we all" were able to know the future with such certainty, no?

I wished that I were to be part of your little "we all" club so that I could be within the category of richie, richie, just like you (and the rest of "we all") obviously must be.

hahahahahaha

the thing is that we can't tell the future of bitcoin, but we can position for it by doing ourself a favour by accumulating more and hold .

Everything is unpredictable especially with Bitcoin and we don't actually know what will happen to it in future.

Personally, I doubt that it is accurate to say that "everything is unpredictable with bitcoin," especially since many of us invest into bitcoin because we think that we have ideas about where it may be going, so the mere fact that we don't know with certainty does not mean that we aren't able to figure out some kind of bitcoin investment thesis and then to figure out how we are going to allocate in regards to our bitcoin-related investment thesis.

Maybe an example will help?

These might be my various theories in regards to bitcoin's future price direction... and I did a couple other variations of this with my actual then predictions in another thread on December 16, 2021 for upside scenarios and timeline and I added a downside variation of my then prediction on May 16, 2022

Theory 1 10.56%

Theory 2 2.2543%

Theory 3 13.782%

Theory 4 43.21564 %

Theory 5 0.0326%

Theory 6 5.32 %

Theory 7 9.4532 %

Theory 8 12.219321%

Theory 9 3.162939 %

You notice that all of these theories add up to 100%, so presumptively they include all possibilities, and even though I perceive some of the theories to have greater odds than others, it does not even meant that my highest odd prediction is going to happen, and it does not even mean that I am wrong if a lower odd scenario ends up playing out. The theories will likely even change over time as certain events happen to change the odds of some of the theories, or to add or subtract theories. So even from my own actual prediction in my above link thread from December 16, 2021 and May 16,2022, we can see that my prediction could end up being greatly wrong, yet they were the ones that I had at the times that I was making the post, and perhaps even 1-2 days later, there could have had been subsequent facts that either contribute towards changing my then base case or adding or subtracting theories (other possible non-zero probability scenarios). And, surely my own assessment may well (and likely is) quite different from another persons, and maybe there are some folks who share similar ideas about some of the scenarios but not about other possible scenarios.

Quote from: avp2306 on January 11, 2025, 11:09:54 PM

What we have is those past historical data's which gives us confident to hold and aim to get a profit in future. We won't know the result if we didn't take a risk, so its good to hodl and continue to follow our plans towards our Bitcoin investment.

I am not going to try to dispute any of this, and surely it take a while to accumulate bitcoin, so surely we could spend a decent amount of time buying bitcoin and even holding bitcoin while bitcoin may well be going up and down in the short term, yet our ongoing investment into it would still likely be supported by our studying it and developing some confidence over it, and hopefully, we develop confidence and conviction that goes beyond merely looking at historical price charts.. yet sure, it might not always be easy to figure out which pieces of information about bitcoin are more important than others, whether we are looking at BTC price performance or perhaps some other bitcoin-related metrics (and/or value-assessment indicators).

Quote from: avp2306 on January 11, 2025, 11:09:54 PM

Quote from: JayJuanGee on January 10, 2025, 05:09:06 AM

Quote from: TEBTC on January 09, 2025, 09:22:22 PM

The fact is that when it comes to the crypto space there's no specific time that is specific and good enough to sell because the fact is that the best way you can actually enjoy and benefit from crypto space is to hold your coins as long as you can become crypto currency especially Bitcoin is one coin that has great prospects of growth over a given period of time so any one that sells his coin in a short time and miss out on the the profit because the coin made a steady rise has its self to blame because that person was not patient enough because the key in the crypto community is to hold as much as you can

You come off as lost referring to shitcoins and trying to suggest that there is any value to be "in" shitcoins.

Maybe if you knew about bitcoin and how to focus on bitcoin first, then maybe you could at least start to become more informed abut what is bitcoin so then you might start to sound less dumb when you are spending a lot of time referencing shitcoins or talking in vague terms about crypto, as if there were such a thing that actually exists apart from specifying bitcoin and perhaps learning how to use the word bitcoin in a sentence, which might help you to be a wee bit less vague. Perhaps? perhaps? I have troubles figuring out if their is any way to salvage folks who talk in vague bullshit terms and throw around the term crypto as if it were to mean something, when they have not even properly mentioned how the term crypto might relate to bitcoin, if at all.

I think they are confused to determine the exact thing especially when they keep calling Bitcoin as crypto. Provably that they are still looking at those shitcoin investment that's why they are calling Bitcoin like that. If they how how to separate things and can focus on Bitcoin especially for aiming long term investment with it for sure that they would never link Bitcoin to any shitcoins out there.

But I'm trying to understand him since maybe he's totally new in the scene so I guess he would learn a lot from here especially if they follow this thread and learn from the discussion made by other people in this thread.

For sure. Sometimes it can take time for newbies to figure out better ways to talk about their assessments of bitcoin (and/or crypto), and to figure out which questions that they might need to ask or that they might need to further research into.