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As for shitcoins and trading, I get that some people want to experiment. Completely avoiding them might sound ideal, but not always realistic for everyone. So yeah, limiting that exposure by maybe putting just a small portion, like 5–10% of investment funds into them which can help them manage risk without interfering with the main Bitcoin stack. It is a good way to satisfy curiosity without derailing the bigger goal. Really appreciate the way you explained this. It is the kind of practical thinking that helps newer folks stay grounded and focused.
It seems to me that even if we describe 10% as the very maximum, guys will have hard times sticking with 10% because they will end up identifying "opportunities" that cause them to feel that they need to put more into the "opportunities" in order to really advantage from such "opportunities."
So like with any gambler, they cannot resist, so the placing of a 10% limit will actually ONLY save a few that are inclined to learning and inclined towards recognizing why there is a limit.. including that like you mentioned, they are able to explore curiosities, learn and perhaps not get so distracted by the money angle.. since they should attempt to appreciate that shitcoins are shit, even if there might be some of them that might spark their curiosity.
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I really appreciate how the thread unfolded, especially around the idea of commitment vs. dollar amount.
The $100k benchmark is more symbolic than practical for many, especially those in developing economies or just starting their journey. It represents conviction and long-term thinking, not a mandatory entry fee. The danger is that when we anchor the idea of “seriousness” to a large number, we risk alienating the exact people we hope to encourage.
Personally, I am not trying to sell anything or to convince people about what they should do, since there need to be some internal motivation for anyone looking at getting involved in bitcoin, and surely some humbleness in trying to learn the relevant parts and to sort through disinformation. So in the end each of us has to make our own decisions and decide for ourselves what is likely a better path for us, even if we might not do everything perfectly, we are figuring out a reasonably good plan that fits us and within our financial and psychological parameters.
It surely is a good thing to try to use some examples, yet each of us are going to likely realize that examples are not always going to be relatable, so if there might be an assumption of someone investing into bitcoin for a whole cycle or more or maybe assumptions about guys having investments in other places, then they may well be able to front load larger amounts into bitcoin, .. so if a relatively poor guy with a salary of around $10k per year had been investing between $10 and $50 per week into bitcoin over 5 years or more, then maybe over a year he had invested something in the ball park of $1,500 per year and so then after 5 years he would have had invested right around $7,500, which is 75% of his annual salary.. so he may well be starting to feel that he is getting serious amounts in bitcoin, and yeah, he might not have any other investments because his income does not really allow it.. .. ..
yet I also mentioned that I believe that the point that yixichloro2xx was making might not have had been exactly the greatest point, and if he is saying to build up your bitcoin investment first before getting involved in shitcoins, so he was using $100k as a suggestion of having had gotten to a good place even though your point is taken that some others might consider much lower amounts as being getting to a serious amount. Yet at the same time, if any of us is giving examples that seem out of reach and difficult to relate to, then surely folks have to figure out how to relate or how to learn from the examples, since there is ONLY so much handholding that any of us might want to do or be able to do... and if guys get scared away because they cannot relate to the example, then that may well be on them to figured out how to relate to the information and to attempt to account for any ideas that they might consider to be helpful in their own attempts at progressing in their bitcoin investment and their cashflow management practices.
What really matters is the mindset. A person stacking $30 or $40 a week with consistency, over years, is often more aligned with Bitcoin’s core principles discipline, patience, and long-term vision than someone who throws in six figures overnight and vanishes.
There surely is some value in staying engaged.
Everyone starts somewhere. Some of us began with pocket change and a ton of doubt. But with each weekly buy, that doubt turns into knowledge, and the small stack starts to look a lot more powerful when viewed through the lens of time and conviction.
Also, completely agree with the idea that if people are going to explore stictions or trading, it’s better they do so with firm boundaries after they’ve secured a solid Bitcoin foundation.
I agree bitcoin first, but some people are going to want to shitcoin and trade, and so it might be difficult to help them to stay mostly focused on bitcoin.
Even a 5–10% “fun allocation” is only manageable when the core is strong and untouchable.
Yep. Fun or for training or for curiosity or for exploring... I frequently suggest that I am not recommending shitcoining and/or training at all, yet my fall back position is that if you are going to shitcoin and you cannot resist shitcoin, trading and/or gambling, at least you should restrict it to no more than 10% of your bitcoin stash.. and at the same time, I am not recommending getting into shitcoins. but just helping to give some guidance for guys who are going to get into shitcoins no matter what I say. They cannot resist.
At the end of the day, Bitcoin is not just about number sit's about resilience. Whether you're stacking sats from side hustles or reallocating legacy investments, the key is to keep showing up.
As they say: "It’s not about timing the market, it’s about time in the market."
Sure, in the end if there is any way that we can help no coiners to get involved in bitcoin, then they are going to be in a better position if they at least get started investing into bitcoin rather than not.. yet at the same time, I am not going to concede that there is value in trading and/or shitcoining to bring value into bitcoin, yet if some folks end up having some lucky outcomes, then we cannot necessarily ignore the actual facts. and sometimes if they have had repeated success in trading and/or shitcoins, there could be some circumstances in which they end up going more heavily down the shitcoin and/or trading path... so we might not be in a position to influence them away from shitcoining and/or trading and it is their choice, ultimately..
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Bitcoin is not a measuring contest, it is a mindset marathon. While people fixate on hitting the mythical $100k benchmark, they miss the beauty of the journey itself. In third world countries, where income disparity and inflation reshape how people view money, that number can feel like a distant planet. But conviction, Discipline, Those are free, and they compound faster than any token.
Some people are motivated by trying to compete against others or maybe even compete against differing versions of themselves in order to try to attain a level of personal achievement that is better than other courses of action that they might have had taken.
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Most people easily believe when they were told about shitcoin and trading, most of them might be told that shitcoin brings in money faster than investing in Bitcoin, this makes them to lose in interest in learning and understanding Bitcoin and how it works or operate. This makes most individuals to believe learning Bitcoin and investing in it, it's a waste of time and energy, which makes them to put in more focus in shitcoin and trading.
But creating awareness for people to know about Bitcoin is good, individuals can then decide if they will learn or know more about it or not, though many people will like to involve themselves, which most of them can be very determined to learn how to focus than others and in this case, some might decide to help themselves even without the support of any, they can learn through experience, research and so on.
Being determine and focus to learn or know about Bitcoin will help the individuals not to compare Bitcoin and shitcoins.
Not everyone can be saved, and each of us learns at our own pace. Some of us will come around to bitcoin at our own pace, and some of us might stay in shitcoins for a long time.
The shitcoin talking points can be very convincing, and sometimes it can be difficult to get someone who is lured onto some shitcoin to consider bitcoin instead or to consider limiting his investment into such shitcoin that he is all hot and bothered about.