I am not suggesting that anyone buys shitcoins. I specifically assert that guys should focus on bitcoin first and learn bitcoin first and not invest in any shitcoins, yet if they are going to do it, then you cannot really stop people from wanting to explore or even buying into the various shitcoin talking points... so I frequently will suggest to invest no more than 10% the size of their bitcoin holdings into shitcoins.,,so to at least limit themselves if they cannot resist shitcoining, trading bitcoin and/or gambling... but people are going to do what they are going to do... but if we can at least get them to consider limiting their shitcoining and focusing mostly on bitcoin with their time, energy and/or their investment value, then maybe they will learn from that.
How are you going to completely stop people from shitcoining? Just refuse to talk with them? Completely close your ears to them? Just keep repeating bitcoin only? I am not completely against the idea of not talking to shitcoiners, even though I think that many bitcoiners go through some kind of a shitcoining phase before recognizing that shitcoins and/or trying to trade bitcoin is not a good use of time, energy and/or money.
This part of your post got my attention because you are correct about some people to be ignorantly shallowing away with shitcoins and or trying to trade Bitcoin at first before realizing that they are on the wrong track but not all get so lucky and courageous enough to redirect their steps after being knocked down because they may feel that they are all the same, those that will find this more difficult are those that were sweet tongued in to it and when they got there they saw different thing and got burnt, but you are right about how people can not be completely stopped from shitcoining and another challenging thing is about how to limit it without cheating especially when there is much energy to make quick money from it which is always uses as a bait. I know there are those that will learn the hard way and there those who will end up being knocked down and they will never give another chance.
It takes quite a bit of discipline to figure out and employ meaningful limitations and to not get sucked into cheating by breaking such limits or reestablishing such limits in order to increasingly allow for more and more shitcoining, trading and/or gambling.
It seems to me that some folks are not going to be satisfied by "just say no" to shitcoins/trading, so they likely need some abilities to gamble and/or to shitcoin and/or to explore the various ideas and hopefully figure out that many of the shitcoiners are lying (exaggerating) about their product, and that there are fundamental bitcoin dynamics at a protocol level that contributes towards bitcoin being quite difficult to be replicated, including that it is likely way better to be investing into bitcoin rather than trying to trade it and then ending up selling way too much bitcoin too soon and/or failing/refusing to suffiently/adequately stock up on bitcoin.
I can only imagine myself gambling with only 5% of my discretionary income on alt and meme coin because it's an amount am willing to lose easily, though some desperate and ignorant investor invest heavily on alt and shit coin alike but it's mostly three things that will make them do that, which is misinformation, uninformation or greed, without this three things, their is no way and invest will invest heavily in alt and shit coin, but nevertheless, I believe that the best approach to it is by investing like 95% of my discretionary income on Bitcoin, then the remaining 5% I might decide to gamble with it with alt or meme coin, that's my own way , when considering gambling on alt or meme.
Your comment is very misleading. A new investor can face a lot of losses with your comment. Because you should always invest in Bitcoin and never in Alt or Meme Coin.
What you are saying is that you should invest most of your investment in Alt or Meme Coin and invest 5% in Bitcoin. By doing this, a person can face a lot of losses. Because Alt or Meme Coin does not have a strong network system. If you save these coins for investment, you will face a big loss very soon.
The major problem most of your guys have is that you read to reply, instead of reading to understand, look at the bold words in my statement earlier, how is is misleading?
And why are you twisting the whole thing differently, or are you as retarded as fuck?
The earlier you start reading to understand, the better, don't just reading and decide to reply without even understanding what the person is talking about.
I said that I prefer investing like 95% of my discretionary income on Bitcoin and the rest 5% I may risk it on alt or meme, how is that difficult to graps?
The earlier you stop being a pussy the better.
I got the same impression out of Gost ms's post. I was wondering how he could come to the exact opposite interpretation of your post, and it is not the first time that he has engaged in such "retarded," as you suggested, comments.. and there are several other posters in this thread who are engaging in the same level of retard.. it is like they are not even trying to stay on topic and/or respond to meaningful ideas within the posts of other members.
It could be that Gost ms is not reading the posts, or he is a bot rather than a real person or perhaps he is purposefully posting to create diversions/distractions from the topic. .which are the kinds of posting behaviors of trolls and/or shills rather than genuine posters or the posts of genuine people trying to learn and to meaningfully contribute to the topic of forum threads.
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I have a bitter experience in this regard. Before learning about Bitcoin, I invested in shit coins and my losses were very high. I held a few shits and had high expectations from them. But over time, I had to lose that investment. In the long run, I only regretted it. If I had invested in Bitcoin for a long time, my wealth would have increased over time and I could have been more optimistic in the future. But I was able to change my situation a little late. I now believe that only Bitcoin is the best. Whatever its value is, if it can be kept under one's control and accumulated according to the ability it is definitely possible to achieve financial success in the long run. If DCA is followed for accumulating Bitcoin, then anyone can expect big returns in the long run.
Even though investing in bitcoin is not guaranteed, and it is not even guaranteed to do better than various shitcoins, yet at the same time, it seems to be a good thing that you have learned your lesson from shitcoining, and perhaps you will keep an overwhelming majority of focus of your time, energies and value invested into bitcoin.
Even if you feel that you are late to bitcoin (because of your previous screw ups and distractions into shitcoins), you may also find it quite valuable that you had gone through such negative experience in order to recognize/appreciate how dangerous it can be to get distracted into shitcoins, and some guys never seem to learn their lesson and they keep going back to shitcoins and trying to find the next shitcoin that is going to pump and they get distracted by the noise of shitcoins and the lure of quick profits (that likely will never come in any kind of a meaningful way. since sure some guys might have some temporary wins with their involvement in shitcoins, yet it is quite unlikely to be sustainable in any kind of a meaningful way).
There tends to be quite a bit of satisfaction involved in ongoingly building a bitcoin investment, even though frequently, it can feel like it is taking "forever" to build the bitcoin investment and to really feel progress, and surely it can take 4-10 years or longer just to get to a point of having had invested a whole years income into bitcoin, which may or may not be enough, depending on bitcoin's ongoing price performance, yet even with some of these uncertainties in bitcoin there can be a lot of satisfaction in building in bitcoin and at the same time still recognizing that we are still early and 99% of the world's population remains no coiners or low coiners, so the fact that we are continuing to build our bitcoin investment puts us ahead of 99% of the world's population that continues to either sleep on bitcoin and/or fail/refuse to act to get started building their bitcoin investment, so several of them will be coming to bitcoin after you had already spent 4-10 years or more building your bitcoin investment (and hopefully not getting again distracted into either shitcoins and/or trying to trade the bitcoin that you are supposed to be building).
Even with your forum registration date of 4 years (congradulations!), you might have had wasted a good number of those 4 years in shitcoins and/or trading and/or being inclined towards gambling rather than investing, yet hopefully you will not get distracted by your perception of those as being completely lost years, but instead you will be able to learn from those years and hopefully, at some point, you got started focusing on bitcoin and building your bitcoin, so maybe your 4 years on the forum might have ONLY resulted in 1 year or so of becoming focused on bitcoin, and perhaps you had to go through the distracted time in order to really appreciate bitcoin as your current and your future focus of time, energy and/or money.
I have a bitter experience in this regard. Before learning about Bitcoin, I invested in shit coins and my losses were very high. I held a few shits and had high expectations from them. But over time, I had to lose that investment. In the long run, I only regretted it. If I had invested in Bitcoin for a long time, my wealth would have increased over time and I could have been more optimistic in the future. But I was able to change my situation a little late. I now believe that only Bitcoin is the best. Whatever its value is, if it can be kept under one's control and accumulated according to the ability it is definitely possible to achieve financial success in the long run. If DCA is followed for accumulating Bitcoin, then anyone can expect big returns in the long run.
I have a similar story as you in that I also invested into a lot of shitcoins when I started, some during their ICO stages and others in exchanges already where they were reading and being hyped by scammers and those ignorant of the scheme. I lost miserably and whenever I look at my wallet and see those worthless shotcoins, I still feel bad.
Joining this forum and following the advise of experienced people like JayJuanGee changed the game for me because I'm now only in Bitcoin with no regards for whatever the shitcoins out there does. Bitcoin is just the way to go and those who will diligently accumulate Bitcoin and hold will be handsomely rewarded in the future.
Sometimes "shock to the system," ends up contributing to motivation, and surely your own experiences are helping to reinforce better habits for you, and surely each of us will be likely to continue to make mistakes at various points along the way, yet, if at the same time, we work upon prudent and reasonable cashflow management and investment systems/practices (even if aggressive), then we likely will still be in the game 4-10 years and longer down the road as we are continuing to reassess and tweak the systems and practices that we have in place. We learn from our mistakes and our mistakes are not greate enough to take us out of the game, even if we might experience various set backs at various points in our path.