Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Buy the DIP, and HODL!
by
DubemIfedigbo001
on 27/01/2025, 18:25:24 UTC
⭐ Merited by JayJuanGee (1) ,Obari (1)
[edited out]
The point is, stupid or smart, whatever viewpoint a person may have in shitcoining, they would STILL too hold those profits in Bitcoin. Because what kind of mental decay is a person having if he insists that he/she should HODL a shitcoin or, Oh My God, a stupid MEMECOIN of a dog with a hat shilled by the most mentally decayed people in the cryptocurrency community.

Or they probably are not stupid. They probably sold they're memecoins at their ATH and left their "community" to HODL those worthless shitcoins.


I am not going to presume that shitcoiners are smart enough to put their value in bitcoin.  Sure some shitcoiners figure out that they need to store most of their value in bitcoin, yet many of them fall into the camp of degenerate and/or misinformed gamblers, so they end up wrongly concluding that they are not going to end up richie unless they put enough value into whatever shitcoin of the day they happen to be chasing, so almost no matter what, they will end up overallocating to various kinds of shitcoins and shit projects, and potentially even consider that wherever they are holding their value is merely temporary and rotating and sure, they may well be correct that their intention was to move it in and then move it out, yet no one wants to sell at a loss so sometimes (or perhaps frequently) they get their value locked into various pieces of shit with ongoing dilemmas regarding when to get out or even whether to put more value into their already existing shitcoins when the price is going down rather than their anticipated UP.   Getting lured into shitcoins tends to be a trap in which they suck more and more and more value out of the gullible ones who are investing into them, and so yeah, bitcoin is too boring for them, and they end up with pretty high odds of underperforming as compared to if they had just focused 90% or more of their time, energies and value on bitcoin... but they can't and they cannot control themselves, even if they might  have been intending to limit their shitcoin involvement it devolves into greater and greater and greater value and ultimate losses prior to their potentially learning their lesson (and sure not all of them learn their lesson, they stay in the world of shitcoins, dumb, trading and/or gambling).

Some of these shitcoiners don't learn from their mistakes, even after being kicked on the ass by shitcoins, they still remain greedy. My sister who was fucked up by the crash of late 2022, called recently and asked of promising projects to invest into since she knows I'm into the crypto world. Knowing she loves investing considerably I asked her to buy Bitcoin with 90% of the funds and scatter the other 10% in few promising projects I'll recommend, but she refused claiming that she needs projects with high yield, like 200x or more in a short while. I explained how risky it is and how it's not advisable to use all capital to chase shitcoins, but she wasn't listening.

I just told her I'll get back to her on that, but never did because I don't want to be the one to take the blame if her greed ruins her. I think it's better not to offer any suggestions since she's not ready to do the right thing and also better she doesn't invest at all than gamble with so much money.