Many of us will also get bothered by people thinking that they are investing into bitcoin, but they are investing into ETFs or they are holding their bitcoin on exchanges, and sure for all intents and purposes, we might be able to concede that even derivative products will still give price exposure, so third parties holding the BTC is ONLY going to negatively impact when there is some kind of bankruptcy or rug pull event.. and we saw quite a few of those in 2022 with FTX and some of the other culprits that ended up going under during that time, starting out with Tera luna that likely did not have as many bitcoin as they claimed to have had, but they were defending a supposed algorithmically stable coin that was supposedly backed by supposed real bitcoin.
My experience investing in shitcoins is a bad one, so I will rather stay with Bitcoin and not allow greed make me repeat the same mistake. I was unfortunate to be those who lost money from Tera Lun, an experience I consider one of my greatest nightmares of my life because I watched my money dropped to zero within few hours. Those who have not had such experience will never understand why some of us decided to pitch tent with Bitcoin and Bitcoin a lone. Even if I want to look at anything else, it will be with fear and doubts but my confidence and greater part of my resources will remain with Bitcoin.
I shear thesame experience with you too, at first shitcoins look so real to be true to me, infact I thought i will become rich someday from it. I thought it will be the new Bitcoin hoping that one day It will be the subsidiaries of Bitcoin. but not knowing that shitcoins as it name implies will forever be shit.. after so many months of buying different of it and hoping one will pump so high, I desicoverd that instead of it to grow it kept decreasing till it all disappeard in my wallet i.e rug pull. I wanted to invest in Luna back then before it fell but I thought I escaped it not knowing that the one I was accumulating is even the worst nightmare. Sometimes when I remember the amount of Bitcoin I would have accumulated with those money I used for shitcoin back then, I keep regretting. But however I am glad I came into realization that Bitcoin is the altimate, and non can be compeard to it in this ecosystem or space.
Almost everyone has had series of ill experience with the shitcoins out of curiosity or greed but let's not give shitcoins too much recognition here as this thread is strictly for bitcoin discussion. Bitcoin is still closely reliable above 70% as a store of value. You can only boast to have what you are sure of getting whenever you need it. Any energy you channel into any altcoins (all shitcoins) is already as good as wasted energy because it takes only time until your mistakes are shown to your face.
Bitcoin is really struggling these days and I feel the market could experience further corrections before establishing a new ATH. The price has been resistant but declines eventually when we tend to get relaxed again. This period does not need any form of selling because whatever sells made now could appear like a panic sell and may result to a loss soon.
Anyone who has no serious challenges to tackle or whose backup funds and emergency funds can still handle the unforeseen circumstances should forget about dipping his hand in his bitcoin wallet. There are clear signs of further dips and a hope of new ATH later before the year runs out. Hold your bitcoin tightly and buy more if you have a discretionary income.