Quote from: Proty on Today at 06:04:08 AM

Quote from: Mayor of ogba on February 14, 2025, 07:45:50 PM

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Quote from: JayJuanGee on February 14, 2025, 03:00:54 AM

A lot of people are not able to limit themselves to less than 10% trading (and shitcoining), yet those who do will likely come to see that trading is a very difficult thing to accomplish, including taking a long to time to practice in order to get it to be consistently profitable, especially over a longer timeline, such as 4-8 years... the longer the time frame, the more likely they would have had been way better off just buying bitcoin and sticking with a focus on accumulating bitcoin.. yet it is understandable that they might want to try to outsmart the market.. so if they can at least limit themselves to less than 10% for their trading and shitcoining, then they can really find out whether they have abilities to trade and to actually outperform bitcoin over a longer timeframe.

Funny enough, those that want to outperform the market end up losing. Even though surely they make some peunot but can't be compared to people who Hodl for long.

Those who find it difficult to limit themselves to less than %10 trading on shitcoins or Bitcoin are just being addicted
Trading can be a serious addiction Hence people underestimate it. Surely whenever a person proclaim to trade with %10 and surely over spend and use above %10 it becomes addiction. There are folks who might have been accumulating for a long period of time but was tempted to trade above %10 of their HODLings and gradually Trading above the %10 and thinking they will stop but little to no time 4-8 years passed their %100 HODLings may be seriously tamperd which is caused by addiction. So it's better people don't even give trading a chance otherwise it will leed to trading below %10 to above %10, or trading of the total amount accumulated because of greed. Even though most guys will be resistance to it while majority will fall to the trap.

Many times when some traders and/or shitcoiners proclaim that they are being reasonable, and proclaiming that they are conservative because they also hold some bitcoin, they will end up having 10% to 20% of their holdings in bitcoin and the rest is trading shitcoins, and most likely they end up losing a lot and wasting a lot of time before they realize that that they would have had been better to allocate in the opposite kind of way.. and surely some of them never really learn, and they will spend 8-10 years or more fucking around with trading/gambling and/or shitcoining and really never make much if any progress in their networth... especially as compared to the person who focused almost exclusively on bitcoin. The exceptions of outperforming a bitcoin focused person, especially over a couple of cycles would be a quite rare phenomena, even though a lot of them brag as if they are able to, yet if we get down to comparing actual numbers, they end up having to recognize that investing into bitcoin has been the superior way..and there is no reason to conclude that staying focused on bitcoin won't continue to be the superior way.

Quote from: Stormisover on February 14, 2025, 08:26:09 AM

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Quote from: Zackz5000 on February 13, 2025, 05:07:09 AM

Bitcoin is not a cryptocurrency don't mislead newbies here bitcoin is bitcoin while shitcoins is shitcoins moreover this is a bitcoin discussion thread so you can take your Crypto elsewhere.

Unless you are advising investor or newbies not to invest into shitcoins rather than bitcoin investment which their discretionary income and hodl bitcoin for long either using the DCA strategy to stack bitcoin buying either weekly or monthly and hodl rather than fucking around shitcoins.

Personally, if you say that Bitcoin is not part of cryptocurrencies, I think that assumption is also inaccurate. Because as far as I know, those that use blockchain technology or cryptography can be said to be part of crypto currency. So bitcoin can also be called part of crypto, because bitcoin also uses blockchain technology and in fact bitcoin is the one who pioneered it. But what differentiates bitcoin from other cryptocurrencies is its quality alone. Because it cannot be denied that what we call shitcoin has quite bad quality. So it wouldn't be good if used as an investment. In contrast to bitcoin, bitcoin has a decentralized system and also has a high level of security that will be difficult for any cybercriminal to penetrate. That's why bitcoin is superior to shitcoin. And it's true that instead of trading in shitcoins, it's definitely better to invest in bitcoin. Because investing in bitcoin has very minimal risk and playing with shitcoins is very risky. So we really have to stay away from shitcoins and keep investing in bitcoin.

You are making sense though but the truth is Bitcoin is still a part of cryptocurrency but for the sake of newbie here it won't be good to be addressing it as a cryptocurrency because this can make them to invest in shitcoin thinking that they are all same thing which may result to a loss or gain depending so it will be wise if we don't classified or categorize Bitcoin in cryptocurrency. However, one of the difference you didn't mentioned that makes Bitcoin so special is the potential of it and not just quality as you mentioned because some other shitcoin has quality and no investment is risk free but the risk in Bitcoin investment is very minimal and if you should hold for a long period of time with consistent accumulation you will make a good return.

What quality does some other shitcoins have when they are all dependent on Bitcoin? All shitcoins are just shitcoins, there is no specialty to any one they are all the same and should be treated the same way, we don't have to get confused about this, the truth can be bitter Cheesy

You are correct Stormisover. We have to treat each shitcoin with a presumption that they are shit, which largely means that if we want to overcome such presumption that they are shit, then it would take a lot of studying into them in order to show the extent to which they have any qualities, which still does not mean that we would invest in them merely because they have some qualities... yet we should not be presuming them to have qualities.. that is not necessary and many times distracting to try to figure out which shitcoins happen to be less shitty, which also can be deceiving.

When it comes to something like a protocol (which bitcoin is), any competitor that may want to dislodge a protocol has to be something in the ballpark of 10x or more better than the protocol in order to dislodge it.. .. It cannot be merely "arguably" better and blah blah blah...so for sure, many times shitcoins tend to be quite ambiguous in the various ways that they are supposedly equal to or better than bitcoin, and so we need to continue to look at them (to the extent that we waste time looking at them) with considerably large grains of salt of skepticism, since many of them are just leaching off of bitcoin, deceiving people, printing money for insiders and other scandalous and vaporware behaviors, as you already suggested.

I see shitcoin as a waste of time because for one to go into shitcoin buying a lot of research needs to be made and even at that you are not sure if you will not be rugged pull. The time that you are wasting on careless and endless research, you will have used it to start up your bitcoin investment and keep growing it. This is because bitcoin doesn't need much to know about it but the basics and you have started your investment. You have the history of bitcoin to check for you to have confidence that you are investing on the right one.

I see those people buying shitcoins as people who have missed their way from bitcoin path and are after to get rich quick by deceiving themselves that their shitcoins will grow in value in future like bitcoin but it is always the opposite. Bitcoin will never disappoint people investing in it and doing it properly overtime, because it's a money generator when you have a good size in a long period of time. Shitcoins can make your BP rise, because you are gambling and losses are more when gambling.

What people who are interested in investing their money in shitcoins don't understand is that there are so many shitcoins in the crypto market that are built on hype, and for them to be able to spot the shitcoin that will even give them a little profit, they need to carry out thorough research to know the background of the team behind the shitcoin they want to invest their money in if they will not rugpull and run away with investor money, and they also need to invest in a lot of shitcoins since they can't really figure out the shitcoin that will do well, which they need a lot of money to do that. Shitcoin investment is another form of gambling, so people who are investing in shitcoins are gambling with their money because nothing is guaranteed in investing in shitcoins.

Yes investing in shitcoins is actually another form of gambling and I myself will never advise any newbie to invest in shitcoins because the risk of loosing ones money is very high. So Figuring out shitcoins that will do well to me this your statement is confusing because some newbie may think that those shitcoins you are referring as doing well can be equate to bitcoin in terms of potential once they can be able to figure out those shitcoins they think will do well, that it will be advisable for them to invest in it. Shitcoins is shitcoin saying some will do well i don't quite agree with you on that, because an investor may think that he has figures out the shitcoin that will do well and turn 90% of his income into it instead of 10% with the idea and believes that there are shitcoin that can do well, if one has the ability to figure it out. If are so much move about investing in shitcoins and want to invest in shitcoins, nothing more 10% of your income because with that statement you want to elevate the potential of some shitcoins. Shitcoins is shitcoin.

Even though we are against shitcoin investment, there are people who still make a lot of money from shitcoin investment, but that doesn't mean you should go and invest your money in shitcoins because if 100 people invest their money in a particular shitcoin, only 10 people out of the 100 people will be lucky to be in profit, while the remaining 90 people will lose their money. Investing 90% of our income into any business or investment is not advisable, so any newbie who invests his 90% income into shitcoin will be responsible for his actions if something bad happens along the line.