Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 07/03/2025, 04:14:47 UTC
[edited out]
.....However, I will not agree with you on the aspect that Bitcoin is not the only asset to invest in unless you add more clarifications to that statement because it is sounding as if you are supporting the idea of investing in shitcoins. There are other assets like you said but they are generally shitcoins that have so much risks attached to them. If we allow the idea that there are other assets to thrive, then it could be a motivation for people to start looking for other alternatives and this will make them end up investing in shitcoins and at the end lose their money. Bitcoin is just enough for anyone willing to invest for the future, so our efforts should be on how to buy and hold Bitcoin and nothing else.
I would suggest that newbies do not waste time, energy and/or money on shitcoins, and that they try to figure out and prioritize bitcoin  first,  including that if they are not able to help themselves in regards to looking into shitcoins, then they should not invest any more than 10% of their time, energy and/or value into shitcoins as compared to how much they are investing into bitcoin.
Even old investors might still run into problems if they get too comfortable with investing in shitcoins. You will agree with me that there this confidence that subtly creeps in when someone do something and succeed once or twice. With shitcoins, it could be a trap for even experienced investors who may end up with the illusion that shitcoins is where the money is even though some later end up getting poorer with time as they continue to jump from one shitcoin to the other. If you are active in some of the social media, you will see some self acclaimed experts who knows the shitcoins that will pump and bla bla bla, those are not newbies but old investors who are just toeing the wrong path. My point is that both newbies and old investors should focus more on Bitcoin because overtime Bitcoin will actually make one richer and more comfortable and the risk of loosing ones money is very small with Bitcoin, if not completely absent.

I agree that sometimes even a 10% limit will be something that a shitcoiner/gambler cannot maintain, and he would have had been better off to "just say no" to shitcoins.

I am not going to tell people what to do, except trying to give some ideas of potentially reasonable limits, and I personally would not even go up to 10% into shitcoin's or  trading myself. My current holdings in shitcoins is les than 0.5%, and I have never had more than 1% or 2% in shitcoins... so yeah, I am not sure how to lecture at someone else, except trying to lead by example, even though folks still want to find their own way, and also will sometimes conclude  that their situation is sufficiently different from mine in order to justify that they take actions different from  my own in terms of their feeling some kind of a need to get involved in shitcoins or trying to trade bitcoin.