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Quote from: JayJuanGee on January 27, 2025, 08:43:00 PM

Quote from: DubemIfedigbo001 on January 27, 2025, 06:25:24 PM

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Quote from: JayJuanGee on January 26, 2025, 08:54:45 PM

[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.

Of course, sometimes it can be difficult with family members since we want to keep our relationship with them, yet at the same time, we also have to be concerned about how to spend our own time and energies, and most likely I would not have had told her that I would call her back, and I would not even get into any details of talking about any shitcoin, since it is a slippery slope into more conversation, yet sure, maybe you could have had a couple of shitcoins that you considered to potentially have some abilities to go up, yet at the same time, it is way too messy to be getting involved with any shitcoins, but instead stick with a blanket recommendation for her to stay away from shitcoins, yet if she could not resist then at least she should limit her involvement in them to no more than 10%, and yeah, she is not even close to being within the same kind of thinking as you, so you likely just have to let her venture off into her own seemingly quasi-desperate kind of gambling thinking.

It is like you are not even close to being on the same page, and you could even talk with the person about investing 4-10 years or longer, and if you already know your sister to not be an old person and/or she is not with any kind of known health conditions, then you likely need to telling her that she should be thinking about bitcoin in terms of 10 years or longer and not between 4-10 years, even though sure sometimes the folks are just so maniacally focused on short returns (of perhaps a few months or maybe a year at most), so they cannot even relate to what you are saying.

Accordingly, my practice has been to just stick to my guns and say that I cannot really help with shitcoin practices, trading, gambling and/or short term recommendations. In the end, she can do what she likes, but you are mostly suggesting at minimum a 4-year timeline, and perhaps better 10 years or more.. and also you are recommending ongoing, persistent, consistent, regular and perhaps even regular buying of bitcoin that may well last more than a whole cycle before she might be able to let off on the buying of bitcoin - depending on where she is at and/or if she is able to front load invest into bitcoin. We know that many folks are not really able to front load into bitcoin, even though they might have some modest abilities to front load perhaps 3-6 months worth in advance.. but yeah, if her budget is something like $100 to $200 per week, then 6 months might be having cash in the ballpark of $3k to $5k to front load inject into bitcoin. whether DCA, lump sum and/or buying on dips..

Surely some guys might have more patience to spend with their family members or friends, but frequently it is a pretty BIG ASS waste of time to be talking with someone who has almost totally a different way of considering the matter, so they either have to figure it out on their own or perhaps find someone with a similar kind of framework... and sure, maybe they will get lucky, but the odds are not really in their favor... but you never know.. .. and that is on them including that if you might not even be able to get her to put 50% into bitcoin.. and she is not able to come even close, and perhaps she will end up with absolutely nothing in bitcoin, as Moreno233 described to be a tendency that he is seeing with the shitcoiners...and sure I have seen that too.. complete rejection of bitcoin and fantasies about the pumpamental potentials of various other coins/projects. These folks likely just have to figure out on their own.. and see what happens (aka fuck around and find out). Your sister is too smart for you DubemIfedigbo001 (or so she believes).

I have also experienced this with my elder sister too. In the last quarter of 2023, my sister already know that I have a bit knowledge on digital asset. She asked me that she wanted to invest but she doesn't know the right coin to invest, because my younger brother introduced one of those shitcoin to her and the got rugged pull. I told her only bitcoin will give her rest of mind and that it is trusted and confirmed.

She took to my advise and started her bitcoin investment. Currently, she is still accumulating every month and she keeps on calling me to thank me. My younger brother first me into the cryptospace but he was more focused on shitcoins. When I told him about bitcoin, he immediately went against the idea, and said he trust his shitcoins to make huge profits from them. Unfortunately, it didn't go as he expected it. It was last year December that he came to me saying he is ready to invest in bitcoin after he saw the price of bitcoin pumped to $94k. I told him to apply DCA accumulation method, he is even buying at all prices whenever he has his funds ready.

Some of these shitcoiners can still turn away from shitcoin and invest in bitcoin for long term and it's those that have the long term mindset of investing and being careful not to run at loss.

Home can be a bit complicated when it comes to suggesting financial path for anyone. It is very funny how many people underestimate Bitcoin at first untill they become a victim or rug pull. Your sister didn't made a mistake of investing she was smart though at first she was misled but Bitcoin is a gmae changer for anyone who is thinking long term and she was able to invest in it not minding what she lost in the past.

Tell your brother he needs to change his mindset into looking for crypto that can give him quick profits. Now he has learnt the hard way together leading his elder sister into it if not you that brought her out of that chain. Quick profits can only mislead someone, slow and steady will always win the race. DCA is definitely the best advice you can give to your family member. It obviously take the pressure of timing the market.

Most people who fall for shitcoins just need to taste a loss to wake up and realize that Bitcoin is the real deal. It’s not over hyped, but it’s reliable. Hopefully, with stories like this, more folks will see the light before losing too much. Huge thanks to you for guiding them both in the right direction.