Quote from: Ryu_Ar1 on January 26, 2025, 09:17:55 PM

Quote from: JayJuanGee on January 22, 2025, 07:15:35 PM

Quote from: Ryu_Ar1 on January 22, 2025, 04:29:34 PM

Honestly, I'm starting to get fed up with all the talk about coins like this because it seems like too many people are blinded by the temporary hype that they don't realize it won't last.
In some sub forums there is also a lot of discussion about trump again, trump again and I'm getting bored with discussing coins that in the end will not develop apart from those who are trying to raise and drop it quickly as usual.

You are correct. We cannot let the shitcoiners and the convolution of topics distract us from both seeing bitcoin first, but not letting them confuse and distract from our understanding of the value of bitcoin, bitcoin first and understanding the difference between bitcoin and shitcoins, including that dumb-ass politicians are talking out of both sides of their mouths and investing into WBTC rather than real bitcoin... and yeah, they might be making a killing through their fraud and the attention that they get, but we still need to keep our eyes on the prize, including if their might also be some attacks upon bitcoin that could be happening too.. yet even if there are not direct attacks, some of the framings could be more subtle kinds of attacks that contribute to confusion rather than clarity..

The views of some people are sometimes so naive when there are some influencers or some politicians who say and relate to bitcoin are always considered as blessings and assume that they will have a big impact on bitcoin when honestly there is no need to be glorified like that because it is precisely they themselves who borrow the name bitcoin to make their popularity lifted not the other way around because with their presence or absence bitcoin will actually be fine.
Likewise with this case, there is a lot of discussion about Trump or his coin which is always glorified even though he also only wants to make his name considered good enough among bitcoiners so that his candidacy is easier and it is proven that now he has found his position.

Some folks label Trump's actions as a grift on bitcoin, yet it also could be labelled as another variation of an affinity scam, which largely is the same thing as a grift, even though people might better understand the concept of an affinity scam is to put yourself next to something like bitcoin and then to play off of the reputation of that thing (in this case bitcoin) in order to make yourself and/or your ideas seem more valuable. Surely it can become more difficult when someone like a USA president has a lot of power to make various kinds of changes (or proposals or actions) that can contribute towards pumping and/or dumping of the asset, in this case bitcoin... We surely cannot proclaim that Trump's actions are meaningless, especially when some of them have quite material impacts, whether referring to a full and unconditional pardon of Ross Ulbricht or various studies of bitcoin or putting of folks who seem to be quite a bit on the side of bitcoin into positions of power (even if some of them are quasi-shitcoiners too), very material impacts end up playing out that also may well contribute towards gaining support of bitcoiners who might have had otherwise been more vocally opposed to the various kinds of ways that Trump balances various policy direction attempts - including his tendencies towards self-serving can be overlooked if his self-serving seems to also align with either seemingly pro-bitcoin or at least a step in the direction of a less anti-bitcoin kind of an approach.

Quote from: Ryu_Ar1 on January 26, 2025, 09:17:55 PM

Quote from: JayJuanGee on January 22, 2025, 07:15:35 PM

Quote from: Ryu_Ar1 on January 22, 2025, 04:29:34 PM

The conditions remain the same when indeed we are trying to find the best from the investment process that we do so why approach coins like this especially for the hype that in the end it will all come back to the original price even though it cannot be denied that the increase will come quickly but the destruction will come quickly because the shitcoin scheme will remain the same all without exception.

Sometimes shitcoins can retain value for many years and through more than one bitcoin cycle.. Think about that shitcoin ethereum, it is ONLY recently dying like it should be, yet many times, even recently, there were folks proclaiming that ethereum had outperformed bitcoin for extended periods of time (which it actually did), so there can be various ways to cause a lot of shitcoins to create value very quickly, and some folks might end up being successful in riding those waves or getting distracted into those kinds of pump and dump schemes.

Some of them will pollute the conversation, and they might not even be factually inaccurate about how much money they made in a short period of time, yet there still are going to be needs to keep our eyes on the prize.. the scams are not going to stop and we might even have 4 years of scams, and some of them might outperform bitcoin, and we might not even know exactly why they are pumping and they might even have some "bitcoin-like" qualities, including ingenious ways to pump and to cause some of their followers to get rich quick and to be lured away from bitcoin. If you sufficiently come to understand some of the reasons why bitcoin is sound money and why sound money is the killer app, then you are less likely to get distracted away by shiny objects and/or lures of short term profits that may or may not end up working out for you, even if they might appear like "free-money."

I would still suggest that any guys getting distracted into various shitcoins, they should attempt to exercise some self-control and don't be allocating more than 10% of your time, energies and/or values into shitcoins. I personally recommend just say no to those distractions, yet I know many guys cannot resist, so if they can at least limit their gambling, then they would have greater chances of NOT overly fucking themselves in regards to their own inclinations towards "fun" or whatever might be luring them over to the shiny bells and whistles.

Indeed, not all will eventually crumble quickly because as you said there must be some that can survive for several years but in the end there is no need to focus too much on that because in the end our initial goal remains focused on bitcoin especially when talking about this $trump coin which even seems to be exaggerated news which in the end for now it seems that not a few people regret it and are trapped in shitcoin like this.

If Trump is alive for all four years of what is supposed to be his presidency term (referring to his age), then his shitcoin can potentially be pumped and dumped through the whole period, even though surely if Trump's various behaviors end up going too far overboard, there could be backlash that comes in a variety of ways, and even from a legal perspective, they are likely dancing on a very tight rope in terms of what Trump can get away with and not trigger some kind of an investigation or even obvious breaches of the Emoluments clause of the constitutions (which is supposed to prevent the president from being bribable by foreign powers and perhaps other readings of it), to the extent that the emoluments clause applies to him as he strives to be exempt from all laws and sometimes it seems that the Supreme Court has contributed towards the creation of a monster in terms of their seeming to want to bend over backwards to jump through all kinds of weird constitutional/legal interpretations to agree with some of his (and his counsel's) seemingly crazy-ass arguments in regards to his being exempt from various laws and/or abilities to be prosecuted... .and sure, he does not seem to be unwilling to push limits beyond credulity and potentially contribute towards potential constitutional crises depending on interpretations of how much he might be successful in pushing certain kinds of boundaries.

Bitcoiners might sometimes consider him to be aligned with bitcoiner interests, yet I doubt that is it always going to be very clear what the ramifications of some of his behaviors might be, whether it is pumping of his shitcoins or some of his other shit-stirring behaviors that normies (including bitcoiners) might believe that they like or that they are on similar teams until they don't like it anymore. His being "full of surprises" is a known character flaw that might not always end up playing out well in a variety of ways, whether financial systems or political systems or even military or policing systems. The impacts can end up overlapping, and we might not even see some of the ramifications of some of Trump's behaviors or how he might be compromised until later down the road, and so we might not even know the extent to which Bitcoin might end up being negatively affected by some of his behaviors, whether it is related to Trump coin or some other goofy behaviors that he might test out.

Quote from: Ryu_Ar1 on January 26, 2025, 09:17:55 PM

The conditions have not changed where when the movement of shitcoin very quickly rises to the surface then it is certain that they will also sink very quickly back down so it will be very funny when some people look highly at the movement of shitcoin like this.

It might not always ONLY be the shitcoin, but also the extent to which supposed stable coins are being used to surveil, lock, control and or block transactions even when there is a little disguise to proclaim that there is an anti-CBDC focus, but at the same time promoting stable coins that might not be very much different from a CBDC even if they are not directly "banker" controlled, they still are tending to be closed source and lacking in transparency..and we might not be able to sue the government about them when there is supposedly no government action, even though there still might be behind the scenes government manipulations. Whether shitcoins or stable coins, there can sometimes be attempts to control bitcoin through various mechanisms while trying to act as if they are "bitcoin friendly" blah blah blah..

And, surely I am not saying to not invest into bitcoin, since investing in bitcoin and controlling your own keys dampens the abilities of governments (whether supposedly friendly or not) from being able to get their grubby little mitts to control our transactions and surveil us.

Quote from: Ryu_Ar1 on January 26, 2025, 09:17:55 PM

Quote from: JayJuanGee on January 22, 2025, 07:15:35 PM

Quote from: Ryu_Ar1 on January 22, 2025, 04:29:34 PM

So in the end, don't be too provoked just because of hype and fomo let alone have ridiculous beliefs like some people who say with full awareness that trump can surpass bitcoin Roll Eyes

It's hard to digest sense lol.

People are repeatedly dumb, so they will buy into some of the talking points and even come to bitcoin threads to pump their nonsense. Some guys will also get completely out of bitcoin or maybe even just hold 10% in bitcoin, so it can be difficult to control degeneracy and gullibility - and so sometimes it can be difficult to save others from themselves, and we largely may ONLY be able to save ourselves and/or to limit our own level of distractedness.

They are too lulled by the momentary gains at the end of the day that they forget an important thing that should not be forgotten.
Even though we can't blame those who fomo but should be with many things that have been felt before they should take the lessons that can be taken that shitcoin will remain shitcoin but most of them are already blinded by many ridiculous assumptions that in the end they always make the same mistake with fomo again and again.

Each of us still has to be skeptical of even number go up technology, including in bitcoin, since the power of bitcoin is not merely its number go up, but its ability to transact directly between normies (including us) and including big players and including institutions and including alleged criminals (not that I am promoting criminals) without getting permission in advance.... So sure, we might be lured into various inferior products, and sometimes we might not even know for sure the extent to which our wallets are allowing for transacting without surveillance or abilities to get locked.. ..so for sure, I would not be claiming that just staying away from shitcoins is the ONLY thing that we need to continue to attempt to be vigilant about...and so each of us likely just does his best to both protect our BTC and to keep a decent percentage of our coins in our own private wallets rather than being held in wallets that might be controllable by third parties. There are also platforms like NOSTR in which we can attempt to communicate without being censored.. and sure this forum strives to allow for as much free speech as possible, but at the same time, there might be certain kind of matters that the forum might not be comfortable to allow, which surely we saw nervousness around mixers, and it can be difficult to know if some of those services will be allowed to be discussed in the future.... .. so sometimes we might have to dance around some of the security and privacy topics.. even though each of us may well consider that we have rights to security and privacy in our transactions without anyone presuming that we are doing anything wrong merely because we would like to either mix our coins or coin join or create some plausible deniability in regards to how many coins we have and which addresses are our coins versus some other person.

Quote from: Mayor of ogba on January 26, 2025, 10:34:04 PM

Quote from: fredericktaylor on January 22, 2025, 06:56:54 PM

Quote from: JayJuanGee on January 22, 2025, 05:44:08 AM

Quote from: Gallar on January 22, 2025, 05:04:36 AM

Quote from: Bd officer on January 21, 2025, 11:24:33 AM

We have to admit that the best way to invest in Bitcoin is the DCA method, it is a good way for every investor. To hold Bitcoin for the long term we need to have confidence that Bitcoin will do well in the future, we need to take risks and be patient. What I have learned from my real experience, is to invest what you can afford to lose in order to hold Bitcoin for the long term. I invest in Bitcoin and forget that I invested in Bitcoin. So I prefer to buy Bitcoin even at this time, my plan is to continue investing with DCA method until 2029. Now everyone has a different strategy, one person's plan will not match another's.

The DCA method is very relevant for use by all investors, both investors from the lower middle economic class and the upper middle class. Because if explained more simply, the DCA technique looks like saving. However, the difference is that DCA is more well organized and has a regular time for making bitcoin purchases. That's why DCA is perfect for all bitcoin investors. Because buying bitcoin regularly means investors don't need to be afraid of price fluctuations. But in my personal opinion, DCA can also be divided into two types depending on the circumstances of bitcoin investors. The reason is that quite a few investors collect their money first, then carry out DCA and divide their purchasing time into a certain period of time. However, there are also those who carry out DCA based on the discretionary income they can get every month from their work salary. I think these two DCA methods have the same goal. But the first method may be more suitable for rich people and the second method may be more suitable for people with middle economic conditions. So with this, it is clear that DCA is a very good purchasing method for investing in bitcoin.

I personally think that inconsistencies in income and expenses could be reasons for holding back value rather than investing right away, so surely poor people have disadvantages over rich people in terms of even making sure that they have enough income to be able to invest into bitcoin, since sometimes there is not enough income to work with in terms of making sure that they are able to build an emergency fund, yet the poor person likely needs to the emergency fund more than the rich person, yet if your point was that the poor person is not able to hold any money back for an emergency fund, then the poor person is going to end up getting fucked when he has any little emergency and he has to tap into his investment prior to his intention. so emergency funds are just as important (if not more important) for poor people as compared with rich people... but yeah, it is likely that a lot of poor people stay poor because they end up using their investment as their emergency funds rather than making sure that they have enough flexibility in their cashflow to make sure that they never have to sell their BTC at a time that is not of their own choosing.. which becomes way more dangerous with any investment that is volatile, like bitcoin.

I agree with your. I prefer long-term planning with Bitcoin, so from my point of view it becomes a bit difficult for poor people to invest long-term, because they don't have enough money to invest. However, it is more important for poor people to have an emergency fund than for rich people, as their income is less stable and unexpected expenses can further damage their finances. If a poor person wants to invest in Bitcoin, he must have an emergency fund because his long-term investment can solve the problem from the emergency fund in case of financial problems, that's why basically every person needs an emergency fund.

As far as bitcoin investment is concerned, both the poor and the rich investors need to set aside an emergency fund because it is what will help them to solve their unforeseen problems that may occur along their bitcoin accumulation journey.

You are correct that both poor and rich need to have emergency funds, yet the issue of emergency funds is way more urgent (and even a deal breaker) with poor people, since by definition poor people do not have a lot of resources from which to draw, and rich folks may have all kinds of assets or even rich parent upon which they can draw so they can choose from which asset they are going to draw first when they make mistakes in regards to projecting out their monthly cashflow needs.

Poor people, on the other hand, are way more likely to be fucked, by some potentially innocent miscalculation since they might have absolutely no other resources upon which to draw when they screw things up so then they are forced to sell some or all of their bitcoin at a time that is not of their own choosing... So many poor people end up fucking up their own finances because their bitcoin ends up serving as their emergency fund, and so then poor people might not even realize that they are largely held to a higher standard in part because they don't have hardly shit in place to back them up if their financial matters (cashflow) goes sour, even some minor mistake might end up wiping them out even though the rich guy might run to daddy and ask him if he has $5k to borrow for the next month or two while he gets his shit together and daddy says no problem. Pulls out his wallet (or his cash app) and sends $5k to his loser rich and spoiled bratt son...and sure the rich little brat might not even need daddy to directly bail him out, he just goes to the safety deposit box of his grandma and grabs $5k of those bonds that are sitting in there (with his name on them). ..so yeah, the rich snotty nosed kid may well have a variety of sources that he might not have had been exactly counting as an emergency fund, but at the same time, he has several options when he screws things up to choose whether to cash out some or all of his BTC or to cash out of some other asset.. ... and the poor guy does not have that and the best that he can do is go to his stable aunt who might be able to spare him $200, but she needs it back by the end of the month....so poor people really need to pay attention and to be conscious about systems that they may well need to put in place that rich peeps already have in place, even if they did not realize that they already had a bunch of back ups for when they screw things up.

TLDR: So my point is that it is not like the rich peeps don't need emergency funds, it is that they already have a variety of emergency funds even without trying.. and the poor person has to purposefully, intentionally and probably strugglingly make sure to consciously put emergency funds in place and make sure that he is not under-estimating the actual material need for him to put those kind of back up systems in place.

Quote from: Mayor of ogba on January 26, 2025, 10:34:04 PM

Even if they don't build up their emergency fund at the beginning of their bitcoin investment, there is no problem with it; they can go ahead and start their bitcoin investment, but they should make sure to build it up as they are accumulating bitcoin. Surely bitcoin investment is applicable on a long-term basis, so anyone who is interested in investing in bitcoin should understand that bitcoin investment is about being patient because it is only in the long run that someone can actually achieve success in bitcoin investment.

This is completely true. Even the poor person should not hesitate in regards to getting started in bitcoin as soon as possible, even though they may have to spend time building their emergency fund simultaneously as they are building their bitcoin (so taking away from how much they can put into bitcoin). Sure the rich person may also need to pay attention to what emergency funds that he has so that he has options, yet by definition, many, if not all, rich people are going to already have a variety of back up places in which they can draw funds, so they rich person may well not be forced into selling bitcoin, but might still be forced into using some funds from some place that he did not want to use because he had not specifically made sure that he had funds that were more liquid and/or available.