Buy Buy Buy or Sell Sell Sell?

[Mayor of ogba]

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.

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  

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.

[$crypto$]

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  

There is no quality to shitcoin, those who try in shitcoin are just gambling --- you don't buy shitcoin it has no value in the future.
Don't follow influencers who keep spreading lies about the benefits of shitcoin, focus on bitcoin as the one great coin.
Fill your bag with bitcoin, that's all.

[LGD2Business]

There is no quality to shitcoin, those who try in shitcoin are just gambling --- you don't buy shitcoin it has no value in the future.
Don't follow influencers who keep spreading lies about the benefits of shitcoin, focus on bitcoin as the one great coin.
Fill your bag with bitcoin, that's all.

There are thousands of altcoins out there. Many of them are copies of each other. It's very hard to find an original altcoin, but it's not that they don't exist. We can name a few. Aside from those few altcoins, I agree that everything else about altcoins are gambling. You can make a lot of money in a very short time, but you can also reset your money to zero instantly. It's always better to accumulate Bitcoin on a regular basis instead of taking this gamble.

[Joy- maker]

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  

There is no quality to shitcoin, those who try in shitcoin are just gambling --- you don't buy shitcoin it has no value in the future.
Don't follow influencers who keep spreading lies about the benefits of shitcoin, focus on bitcoin as the one great coin.
Fill your bag with bitcoin, that's all.

I totally agree with you there is no quality in shitcoins out there and there is also no comparison too, what bitcoin can offer to you when it comes to potential returns no shitcoin out there can offer you that, one should just centralize there focus on accommodating bitcoins and hold them for a long period of time using the DCA method, because there is nothing good that can come out of those shitcoins out there rather than gambling with your money.

[Fara Chan]

I totally agree with you there is no quality in shitcoins out there and there is also no comparison too, what bitcoin can offer to you when it comes to potential returns no shitcoin out there can offer you that, one should just centralize there focus on accommodating bitcoins and hold them for a long period of time using the DCA method, because there is nothing good that can come out of those shitcoins out there rather than gambling with your money.

Bitcoin has long been worth looking into and buying with methods that we understand and are capable of doing so Bitcoin is not worth comparing to any Shitcoin especially if the Shitcoin has no clear use case and still has very little volume in the market. I also still consider Bitcoin as the main thing that I will continue to hold for the long term and will continue to consider it a fairly wise future investment without any doubt.

[JayJuanGee]

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  

If it was like that, there wouldn't be that much capital inside of them  

Don't get distracted into believing that shitcoins have value merely by the fact that retards (including the USA president) and other seemingly smart and/or influential people, governments and/or institutions are pumping shitcoins (or certain stable coins).  If you cannot understand and/or appreciate how bitcoin is different, you likely need to continue studying bitcoin first before  giving any benefit of the doubt to various scams that are likely going to help you to lose money and/or prevent you from investing into bitcoin as much as you would have (or could have) otherwise accomplished if you had not been distracted.

A lot of popular people has created shitcoins in the past and it still didn't turn out good at the end, one thing we should understand is that the creation of shitcoins by popular people are done in other to enrich themselves and not to make a difference or make it great, shitcoins are shitcoins, a lot of things popular people who are creating shitcoins are busy accumulating Bitcoin and holding secretly so don't be deceived, a lot of people has lost there money in shitcoins and people should learn from people's past mistakes.
Yeah just like you said that he should continue studying bitcoin first before  giving any benefit of the doubt to various scams that are likely going to help you to lose money, I think he should also go through the history of Bitcoin and also the history of various past shitcoins that will give him much insight on the right direction to follow, shitcoins are been used to gamble the Lucky one's gain and wins and the rest loses, shitcoins should be avoided in other to prevent losing money and destroying your financial status.

Learn bitcoin first, and if you look into any shitcoins, make sure you know bitcoin first, and then take any shitcoins with an extremely large grain of salt and be cautions in any amount of investment into them, hopefully limited to no more than 10% the size of your bitcoin investment for any shitcoin investments and any trading/gambling  for anyone who is not able to resist the temptation to shitcoin/trade/gamble.

[SuperBitMan]

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  

If it was like that, there wouldn't be that much capital inside of them  

Don't get distracted into believing that shitcoins have value merely by the fact that retards (including the USA president) and other seemingly smart and/or influential people, governments and/or institutions are pumping shitcoins (or certain stable coins).  If you cannot understand and/or appreciate how bitcoin is different, you likely need to continue studying bitcoin first before  giving any benefit of the doubt to various scams that are likely going to help you to lose money and/or prevent you from investing into bitcoin as much as you would have (or could have) otherwise accomplished if you had not been distracted.

A lot of popular people has created shitcoins in the past and it still didn't turn out good at the end, one thing we should understand is that the creation of shitcoins by popular people are done in other to enrich themselves and not to make a difference or make it great, shitcoins are shitcoins, a lot of things popular people who are creating shitcoins are busy accumulating Bitcoin and holding secretly so don't be deceived, a lot of people has lost there money in shitcoins and people should learn from people's past mistakes.
Yeah just like you said that he should continue studying bitcoin first before  giving any benefit of the doubt to various scams that are likely going to help you to lose money, I think he should also go through the history of Bitcoin and also the history of various past shitcoins that will give him much insight on the right direction to follow, shitcoins are been used to gamble the Lucky one's gain and wins and the rest loses, shitcoins should be avoided in other to prevent losing money and destroying your financial status.

Learn bitcoin first, and if you look into any shitcoins, make sure you know bitcoin first, and then take any shitcoins with an extremely large grain of salt and be cautions in any amount of investment into them, hopefully limited to no more than 10% the size of your bitcoin investment for any shitcoin investments and any trading/gambling  for anyone who is not able to resist the temptation to shitcoin/trade/gamble.

Yeah you are right, that way it will help you prevent Total lost of your money, and with this you will know if truly shitcoins/trading and gambling is working for you or not they say experience is the best teacher and that's true, if you must invest in shitcoins do it with very little percent of your discretionary income and see how it goes.
I will advise when learning about Bitcoin go through the history of Bitcoin growth and check of Bitcoin latest news it will help give you an insight of the direction of Bitcoin.

[sotelorene]

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  

If it was like that, there wouldn't be that much capital inside of them  

Don't get distracted into believing that shitcoins have value merely by the fact that retards (including the USA president) and other seemingly smart and/or influential people, governments and/or institutions are pumping shitcoins (or certain stable coins).  If you cannot understand and/or appreciate how bitcoin is different, you likely need to continue studying bitcoin first before  giving any benefit of the doubt to various scams that are likely going to help you to lose money and/or prevent you from investing into bitcoin as much as you would have (or could have) otherwise accomplished if you had not been distracted.

A lot of popular people has created shitcoins in the past and it still didn't turn out good at the end, one thing we should understand is that the creation of shitcoins by popular people are done in other to enrich themselves and not to make a difference or make it great, shitcoins are shitcoins, a lot of things popular people who are creating shitcoins are busy accumulating Bitcoin and holding secretly so don't be deceived, a lot of people has lost there money in shitcoins and people should learn from people's past mistakes.
Yeah just like you said that he should continue studying bitcoin first before  giving any benefit of the doubt to various scams that are likely going to help you to lose money, I think he should also go through the history of Bitcoin and also the history of various past shitcoins that will give him much insight on the right direction to follow, shitcoins are been used to gamble the Lucky one's gain and wins and the rest loses, shitcoins should be avoided in other to prevent losing money and destroying your financial status.

Learn bitcoin first, and if you look into any shitcoins, make sure you know bitcoin first, and then take any shitcoins with an extremely large grain of salt and be cautions in any amount of investment into them, hopefully limited to no more than 10% the size of your bitcoin investment for any shitcoin investments and any trading/gambling  for anyone who is not able to resist the temptation to shitcoin/trade/gamble.

Yeah you are right, that way it will help you prevent Total lost of your money, and with this you will know if truly shitcoins/trading and gambling is working for you or not they say experience is the best teacher and that's true, if you must invest in shitcoins do it with very little percent of your discretionary income and see how it goes.
I will advise when learning about Bitcoin go through the history of Bitcoin growth and check of Bitcoin latest news it will help give you an insight of the direction of Bitcoin.

You are right to some extent but when you said experience is the best teacher I doubt if that is correct and that shouldn't be practice because you may end up in a place you didn't expect and when it comes to trading it is not good at all and what happens to other traders is more than enough for one to use and learn, one should not try or test to see how it will be. However, outside trading there are some experience you wouldn't want to have or get because some of them can even lead to death, perhaps that saying should be modernized because to me it is not valid anymore. And lastly as an investor or someone who wants to be an investor going to check Bitcoin history growth and latest news is not necessary because this is what traders does when carrying out there analysis.

[Samlucky O]

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.

This is a story of a man named Jake who lost some million of dollars in 20minuts of trading. Here is what he said I lost millions through cryptocurrency trading addiction'  You can read a little bit of the story. I find this story as I was making research. And this is as a result of looking for quick way of making money. One thing we should avoid mostly is greed, greed is the reason why most people fall into the trap of losing huge sum of amount. Emagine having millions of dollars which could have been safe in his wallet but due to lack of contentment and greed will make a person lose fortune chasing after rats. I could remember some years ago when I was chasing mouse in my room trying to kill it, I eventually broke some of my expensive plate trying to kill the mouse. that is just to say that we must have a second thought whenever we are talking any action or doing anything to see how the outcome will be. If it will be disastrous then caution need to be applied. A reasonable person will evisearch the end from the beginning that is why Holders are smarter than traders. But traders don't see the end from the beginning that's why they fall victim. This type of story should be a motivation to be more careful an never fall to such traps.

[JayJuanGee]

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.

This is a story of a man named Jake who lost some million of dollars in 20minuts of trading. Here is what he said I lost millions through cryptocurrency trading addiction'  You can read a little bit of the story. I find this story as I was making research. And this is as a result of looking for quick way of making money. One thing we should avoid mostly is greed, greed is the reason why most people fall into the trap of losing huge sum of amount. Emagine having millions of dollars which could have been safe in his wallet but due to lack of contentment and greed will make a person lose fortune chasing after rats. I could remember some years ago when I was chasing mouse in my room trying to kill it, I eventually broke some of my expensive plate trying to kill the mouse. that is just to say that we must have a second thought whenever we are talking any action or doing anything to see how the outcome will be. If it will be disastrous then caution need to be applied. A reasonable person will evisearch the end from the beginning that is why Holders are smarter than traders. But traders don't see the end from the beginning that's why they fall victim. This type of story should be a motivation to be more careful an never fall to such traps.

Sure. Like you said, sometimes the guy who wants to trade will start out trading a small amount, and maybe if he has some wins, then he will increase the amount, and  he might have difficulties figuring out how to size is various bets, and maybe he wins some and loses some, but he inevitably goes down a path of taking too many chances...so it is quite difficult to figure out ways to limit ourselves  when it comes to trading, whether we are trading bitcoin or shitcoins or something else, and yeah, we may also see that there are various  kinds  of shitcoins that will have a lot of volatility, which shows good possibilities for gains, but they are still difficult to trade, even if someone has a lot of trading experiences.  A lot of time, energy and value ends up getting focused into areas that are not really very productive, even if some guys might have intentions to fold their profits into bitcoin, it just tends not to end well without a lot  of practice.

One of the reasons that I had suggested previously for some guys to be really strict with any new money 90% goes into bitcoin and 10% goes into shitcoins.. so if a guy has $100 every week then $90 would go into bitcoin and $10 would go for shitcoin trading... and then keep them separate, and let them both build up, yet one of the problems that the trader/gambler has is that he feels that 10% is not enough and he needs more to prove his points about the profitability of trading, yet it is not true.  There should be no reason that he needs more than 10% and he can build it up, and see how it does over 1-2 years or more.  After 2 years, he would have had put $1,040 into his trading account, and he would have put $9,360 into bitcoin.  After 10 years he would have had put $5,200 into his trading account, and he would have had put $46,800 into his bitcoin investment account.  He should be able to measure how each of the funds had been performing relative to each other.  It can be fun to monitor the differences in performance for each of the categories of funds, too.

Many traders do not have that level of discipline to create strict separate funds and to use their trading funds without tapping into their bitcoin investment, and to keep track of their trading funds separately, and sure if they find that after more than a whole cycle that they are able to outperform their bitcoin investment, then they might be able to identify that they are exercising  good trades, and they can try to figure out if it is worth it to continue, and even  decide for themselves if they want to make any changes to how they are making their trades, and what kinds of projects they are investing into... It would surely be pretty rare that a trading  account would be able to  out perform just regular buying of bitcoin over 8-10 years...and of course, the amounts would be greater if the guy got a $4k bonus then $400 would go into the trading account and $3,600 into the bitcoin investment, and if the trading account is making gains that are greater than bitcoin's gains, then the growth  in  the investment account would allow for more value to be able to invest.    And, surely there are some  folks who are able to grow their trading account in consistent ways that are even better than bitcoin.  They are rare, but they do exist.

Of course, guys are free to do whatever they like, and they might come to conclude that after 2-3 years of practice, they have built  a lot of good risk management systems and ways to  hedge their bet, whether they employ leverage or not might another question, and they might end up changing their allocations to go more than 10% into their trading account, and sure at least they spent time  practicing and learning their limits, and there is no real way that any of us can make judgements for other people, yet if they are practicing disciplined trading for 2-3 years, then they likely get  some pretty good ideas about various  ways of setting up their trades.. and I still believe that they are not going to have very good odds of beating a BTC buy and hold strategy, yet each of us is responsible for our choices, and each of us is in a potentially better position to identify our talents or our lack of talents, even though so many traders do not beat the performance of regular bitcoin investing, there are going to  be  some who are able to actually beat it by employing solid techniques that they have identified to work..... even accounting for various periods that they should actually be in bitcoin during periods that it goes up a lot in short periods, and there is almost no way to identify those periods, but maybe whatever they do with their trading is able to have a sufficient amount of profits that make up for the times that they are not in bitcoin with their trading account. 

[edy_58]

There is no quality to shitcoin, those who try in shitcoin are just gambling --- you don't buy shitcoin it has no value in the future.
Don't follow influencers who keep spreading lies about the benefits of shitcoin, focus on bitcoin as the one great coin.
Fill your bag with bitcoin, that's all.

I totally agree with you there is no quality in shitcoins out there and there is also no comparison too, what bitcoin can offer to you when it comes to potential returns no shitcoin out there can offer you that, one should just centralize there focus on accommodating bitcoins and hold them for a long period of time using the DCA method, because there is nothing good that can come out of those shitcoins out there rather than gambling with your money.

When you have a good understanding of both assets, of course it will make you focus on assets that are more profitable in the long term rather than seeking fortune in the near future which is indeed difficult for us to get and when you choose to focus on collecting Bitcoins consistently using the method you mentioned, of course this will be very useful for you in the future and when that time comes, of course we already have assets that we hold and can also enjoy the benefits of those assets.

[Proty]

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.

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  

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.

[Tonimez]

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.

This is a story of a man named Jake who lost some million of dollars in 20minuts of trading. Here is what he said I lost millions through cryptocurrency trading addiction'  You can read a little bit of the story. I find this story as I was making research. And this is as a result of looking for quick way of making money. One thing we should avoid mostly is greed, greed is the reason why most people fall into the trap of losing huge sum of amount. Emagine having millions of dollars which could have been safe in his wallet but due to lack of contentment and greed will make a person lose fortune chasing after rats. I could remember some years ago when I was chasing mouse in my room trying to kill it, I eventually broke some of my expensive plate trying to kill the mouse. that is just to say that we must have a second thought whenever we are talking any action or doing anything to see how the outcome will be. If it will be disastrous then caution need to be applied. A reasonable person will evisearch the end from the beginning that is why Holders are smarter than traders. But traders don't see the end from the beginning that's why they fall victim. This type of story should be a motivation to be more careful an never fall to such traps.

Sure. Like you said, sometimes the guy who wants to trade will start out trading a small amount, and maybe if he has some wins, then he will increase the amount, and  he might have difficulties figuring out how to size is various bets, and maybe he wins some and loses some, but he inevitably goes down a path of taking too many chances...so it is quite difficult to figure out ways to limit ourselves  when it comes to trading, whether we are trading bitcoin or shitcoins or something else, and yeah, we may also see that there are various  kinds  of shitcoins that will have a lot of volatility, which shows good possibilities for gains, but they are still difficult to trade, even if someone has a lot of trading experiences.  A lot of time, energy and value ends up getting focused into areas that are not really very productive, even if some guys might have intentions to fold their profits into bitcoin, it just tends not to end well without a lot  of practice.

One of the reasons that I had suggested previously for some guys to be really strict with any new money 90% goes into bitcoin and 10% goes into shitcoins.. so if a guy has $100 every week then $90 would go into bitcoin and $10 would go for shitcoin trading... and then keep them separate, and let them both build up, yet one of the problems that the trader/gambler has is that he feels that 10% is not enough and he needs more to prove his points about the profitability of trading, yet it is not true.  There should be no reason that he needs more than 10% and he can build it up, and see how it does over 1-2 years or more.  After 2 years, he would have had put $1,040 into his trading account, and he would have put $9,360 into bitcoin.  After 10 years he would have had put $5,200 into his trading account, and he would have had put $46,800 into his bitcoin investment account.  He should be able to measure how each of the funds had been performing relative to each other.  It can be fun to monitor the differences in performance for each of the categories of funds, too.

Many traders do not have that level of discipline to create strict separate funds and to use their trading funds without tapping into their bitcoin investment, and to keep track of their trading funds separately, and sure if they find that after more than a whole cycle that they are able to outperform their bitcoin investment, then they might be able to identify that they are exercising  good trades, and they can try to figure out if it is worth it to continue, and even  decide for themselves if they want to make any changes to how they are making their trades, and what kinds of projects they are investing into... It would surely be pretty rare that a trading  account would be able to  out perform just regular buying of bitcoin over 8-10 years...and of course, the amounts would be greater if the guy got a $4k bonus then $400 would go into the trading account and $3,600 into the bitcoin investment, and if the trading account is making gains that are greater than bitcoin's gains, then the growth  in  the investment account would allow for more value to be able to invest.    And, surely there are some  folks who are able to grow their trading account in consistent ways that are even better than bitcoin.  They are rare, but they do exist.

Of course, guys are free to do whatever they like, and they might come to conclude that after 2-3 years of practice, they have built  a lot of good risk management systems and ways to  hedge their bet, whether they employ leverage or not might another question, and they might end up changing their allocations to go more than 10% into their trading account, and sure at least they spent time  practicing and learning their limits, and there is no real way that any of us can make judgements for other people, yet if they are practicing disciplined trading for 2-3 years, then they likely get  some pretty good ideas about various  ways of setting up their trades.. and I still believe that they are not going to have very good odds of beating a BTC buy and hold strategy, yet each of us is responsible for our choices, and each of us is in a potentially better position to identify our talents or our lack of talents, even though so many traders do not beat the performance of regular bitcoin investing, there are going to  be  some who are able to actually beat it by employing solid techniques that they have identified to work..... even accounting for various periods that they should actually be in bitcoin during periods that it goes up a lot in short periods, and there is almost no way to identify those periods, but maybe whatever they do with their trading is able to have a sufficient amount of profits that make up for the times that they are not in bitcoin with their trading account. 

This idea is nice and very enticing to only traders who have not reached the addiction phase. Trading just like gambling is addictive and anyone deep into trading doesn't give a thought about what your view is. The mental error about trading comes after the testing period. That trial period is the only possible stage when a bitcoin trader can consider this strategy. After addiction stage, the reverse becomes the case if at all he will accept leaving any funds in bitcoin because most of them consider it a waste of resources.

I still maintain that how someone got introduced into bitcoin investment has a big role to play on the kind of bitcoin enthusiast he will be. I suppose you were lucky enough not to have been introduced by a trader. Traders raise traders and that's the challenge many crypto investors face. This can only be better if anyone understands that bitcoin is not just like any shit coins out there.

With your illustrations, no one is going to loose beyond what he can afford to forfeit because there will always be a fall back on his bitcoin storage which he can leverage on to forget money lost on trading. But greed won't let many see reason in this. I know of a friend who lost all his assets to crypto market. When I intervened, he only responded,...You won't understand". That's where addicts feel helpless. Making it quick is everyone's wish but loosing all your already accumulated asset is no one's wish.

Some one can also alternate investment and trading by setting aside a specific amount (fixed) for a period of time. You only keep trading as long as the fixed fund lasts or quit for the remaining days of the stipulated period if the fund gets exhausted; then maintain a regular accumulation of bitcoin by DCA. This could be a test of discipline since not many could withstand the urge after loosing the first fund added to trading. If you're able to regulate this test and sincere to yourself, the crypto market won't have the chance to wreck anyone.

[leonair]

Holding is always profitable. I have some stupid friends who are big level stupid. Their stupidity sometimes leads to big losses and sometimes their stupidity gives them big gifts. Recently a stupid friend of mine lost $1600 because he forgot his email. I don't know how much of it is possible to recover.

I had another friend who bought 0.2 Bitcoin in 2022 for $23k. He wrote his 12-word security phrase on a piece of paper and hid it somewhere, and removed the wallet from his phone. And for a long time, he held it. In 2024, he became financially weak because he lost his job. Then he wanted to sell his bitcoins. But when he went to look for the security phrase of his wallet, he couldn't find it. Because where he kept it, his wife kept her gold jewelry. She would often take it out to use it and put it back in. Somehow it got lost from there. He can't find it anymore. He has to borrow money to survive. But yesterday he sold his old wardrobe because he bought a new wardrobe, so he and his wife found the paper while moving all the things in the old wardrobe to the new wardrobe. It was somewhere else in the closet. Perhaps the paper fell out while his wife was taking out her jewelry and he thought it was something he needed and left it somewhere else. He is very happy now because his $4,600 investment at that time is now worth $19,500.

He lost it but now he has got it back with a huge profit. Now he is interested in investing in Bitcoin again and this time his plan is to hold it until 2030.

[sotelorene]

There is no quality to shitcoin, those who try in shitcoin are just gambling --- you don't buy shitcoin it has no value in the future.
Don't follow influencers who keep spreading lies about the benefits of shitcoin, focus on bitcoin as the one great coin.
Fill your bag with bitcoin, that's all.

I totally agree with you there is no quality in shitcoins out there and there is also no comparison too, what bitcoin can offer to you when it comes to potential returns no shitcoin out there can offer you that, one should just centralize there focus on accommodating bitcoins and hold them for a long period of time using the DCA method, because there is nothing good that can come out of those shitcoins out there rather than gambling with your money.

When you have a good understanding of both assets, of course it will make you focus on assets that are more profitable in the long term rather than seeking fortune in the near future which is indeed difficult for us to get and when you choose to focus on collecting Bitcoins consistently using the method you mentioned, of course this will be very useful for you in the future and when that time comes, of course we already have assets that we hold and can also enjoy the benefits of those assets.

The way you talked about having understanding in both asset makes it look like you are a trader or a gambler though one ought to understand Bitcoin investment but the way you are making it look like is ..., the most important thing one needs to understand in Bitcoin is that it has a big potential and it is an asset that is suppose to be accumulated continuously and stored or hold for some period of time because apparently that is the best way to go about it and aside this I don't think you need any understanding other than to know how to accumulate, use the best strategy DCA which will help you accumulate regardless and ensure your discretionary and reserve funds are kept very well.

People who run up and down looking for understanding and analysis are traders, investors don't do that. Investors are not even suppose to have anything to do with shitcoin because investing in shitcoin is just like someone who saw a basket that is not good and yet put his or her eggs there and what do you think will happen when the basket finally break down.

[Frankolala]

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.

This is a story of a man named Jake who lost some million of dollars in 20minuts of trading. Here is what he said I lost millions through cryptocurrency trading addiction'  You can read a little bit of the story. I find this story as I was making research. And this is as a result of looking for quick way of making money. One thing we should avoid mostly is greed, greed is the reason why most people fall into the trap of losing huge sum of amount. Emagine having millions of dollars which could have been safe in his wallet but due to lack of contentment and greed will make a person lose fortune chasing after rats. I could remember some years ago when I was chasing mouse in my room trying to kill it, I eventually broke some of my expensive plate trying to kill the mouse. that is just to say that we must have a second thought whenever we are talking any action or doing anything to see how the outcome will be. If it will be disastrous then caution need to be applied. A reasonable person will evisearch the end from the beginning that is why Holders are smarter than traders. But traders don't see the end from the beginning that's why they fall victim. This type of story should be a motivation to be more careful an never fall to such traps.

Sure. Like you said, sometimes the guy who wants to trade will start out trading a small amount, and maybe if he has some wins, then he will increase the amount, and  he might have difficulties figuring out how to size is various bets, and maybe he wins some and loses some, but he inevitably goes down a path of taking too many chances...so it is quite difficult to figure out ways to limit ourselves  when it comes to trading, whether we are trading bitcoin or shitcoins or something else, and yeah, we may also see that there are various  kinds  of shitcoins that will have a lot of volatility, which shows good possibilities for gains, but they are still difficult to trade, even if someone has a lot of trading experiences.  A lot of time, energy and value ends up getting focused into areas that are not really very productive, even if some guys might have intentions to fold their profits into bitcoin, it just tends not to end well without a lot  of practice.

One of the reasons that I had suggested previously for some guys to be really strict with any new money 90% goes into bitcoin and 10% goes into shitcoins.. so if a guy has $100 every week then $90 would go into bitcoin and $10 would go for shitcoin trading... and then keep them separate, and let them both build up, yet one of the problems that the trader/gambler has is that he feels that 10% is not enough and he needs more to prove his points about the profitability of trading, yet it is not true.  There should be no reason that he needs more than 10% and he can build it up, and see how it does over 1-2 years or more.  After 2 years, he would have had put $1,040 into his trading account, and he would have put $9,360 into bitcoin.  After 10 years he would have had put $5,200 into his trading account, and he would have had put $46,800 into his bitcoin investment account.  He should be able to measure how each of the funds had been performing relative to each other.  It can be fun to monitor the differences in performance for each of the categories of funds, too.

Many traders do not have that level of discipline to create strict separate funds and to use their trading funds without tapping into their bitcoin investment, and to keep track of their trading funds separately, and sure if they find that after more than a whole cycle that they are able to outperform their bitcoin investment, then they might be able to identify that they are exercising  good trades, and they can try to figure out if it is worth it to continue, and even  decide for themselves if they want to make any changes to how they are making their trades, and what kinds of projects they are investing into... It would surely be pretty rare that a trading  account would be able to  out perform just regular buying of bitcoin over 8-10 years...and of course, the amounts would be greater if the guy got a $4k bonus then $400 would go into the trading account and $3,600 into the bitcoin investment, and if the trading account is making gains that are greater than bitcoin's gains, then the growth  in  the investment account would allow for more value to be able to invest.    And, surely there are some  folks who are able to grow their trading account in consistent ways that are even better than bitcoin.  They are rare, but they do exist.

Of course, guys are free to do whatever they like, and they might come to conclude that after 2-3 years of practice, they have built  a lot of good risk management systems and ways to  hedge their bet, whether they employ leverage or not might another question, and they might end up changing their allocations to go more than 10% into their trading account, and sure at least they spent time  practicing and learning their limits, and there is no real way that any of us can make judgements for other people, yet if they are practicing disciplined trading for 2-3 years, then they likely get  some pretty good ideas about various  ways of setting up their trades.. and I still believe that they are not going to have very good odds of beating a BTC buy and hold strategy, yet each of us is responsible for our choices, and each of us is in a potentially better position to identify our talents or our lack of talents, even though so many traders do not beat the performance of regular bitcoin investing, there are going to  be  some who are able to actually beat it by employing solid techniques that they have identified to work..... even accounting for various periods that they should actually be in bitcoin during periods that it goes up a lot in short periods, and there is almost no way to identify those periods, but maybe whatever they do with their trading is able to have a sufficient amount of profits that make up for the times that they are not in bitcoin with their trading account.  

I don't think that a trader will be able to outsmart a bitcoin investor in the long run who is only buying and hodli. The reason why I said so is that traders like to take unnecessary risk and they don't think about the outcome of such decisions. You will see that if a trader is making little profits, he will not be pleased with it, because he wants to get rich quick and he can increase his trading amount or if possible trade will all his profits at once believing that he will be profitable but most times it turns out the opposite.

Based on what you said above JJG about someone who has $100 and should put $10 into trading/shitcoins. I believe that in a circle, that person might not be able to still have that $1040 in his trading account again, it will be lower, or he has lost it all because I don't think that he can be on a regular profit unlike his bitcoin investment that he is not touching but increasing in value as bitcoin price increases. Imagine when you put $10 in your trading account, that person might want to trade immediately without patience and I believe that before he will add the next $10 to make it $20, he might have lost the first, or when making profit, along the line, he will not be able to discipline himself and lose all his trading portfolio.

Investing is easy and the best compared to trading because it's stress free and for future purpose, but with all the stress in trading and emotional trauma when bitcoin price dips, can make you unstable and make wrong decisions that will cost you to run at big loss. I know that no invest is guaranteed in future for profits, but I hate involving myself in actions that the chance of losing is higher than making profits. A lot of traders became mute when bitcoin reached $100k, due to regrets because they knew what they have missed for gambling with their bitcoin that they bought at lower price. This is how majority of traders will keep on regreting in their lives now and in future.

[Barikui1]

There is no quality to shitcoin, those who try in shitcoin are just gambling --- you don't buy shitcoin it has no value in the future.
Don't follow influencers who keep spreading lies about the benefits of shitcoin, focus on bitcoin as the one great coin.
Fill your bag with bitcoin, that's all.

I totally agree with you there is no quality in shitcoins out there and there is also no comparison too, what bitcoin can offer to you when it comes to potential returns no shitcoin out there can offer you that, one should just centralize there focus on accommodating bitcoins and hold them for a long period of time using the DCA method, because there is nothing good that can come out of those shitcoins out there rather than gambling with your money.

When you have a good understanding of both assets, of course it will make you focus on assets that are more profitable in the long term rather than seeking fortune in the near future which is indeed difficult for us to get and when you choose to focus on collecting Bitcoins consistently using the method you mentioned, of course this will be very useful for you in the future and when that time comes, of course we already have assets that we hold and can also enjoy the benefits of those assets.

The way you talked about having understanding in both asset makes it look like you are a trader or a gambler though one ought to understand Bitcoin investment but the way you are making it look like is ..., the most important thing one needs to understand in Bitcoin is that it has a big potential and it is an asset that is suppose to be accumulated continuously and stored or hold for some period of time because apparently that is the best way to go about it and aside this I don't think you need any understanding other than to know how to accumulate, use the best strategy DCA which will help you accumulate regardless and ensure your discretionary and reserve funds are kept very well.

You are just mixing things up the more, why would someone accumulate something he doesn't know about? Before he or she thinks of accumulating Bitcoin he has to know the benefits attached to it before doing so, I don't know if you understand what am saying, in my own opinion the major thing an investor needs to know about Bitcoin first is that it's an asset that appreciate in value overtime, so if you can accumulate a huge stash of it now that it's very cheap, you stand a chance of securing your future financially through it, only if you can hold for a very long period of time.
After that he needs to learn and knows what he requires to hold successfully, which is having a source of income to finance his or her daily lives and an emergency funds set aside Incase their is any emergencies that may arise in the future, so that he wouldn't have to fall back or temper with his holdings.
When all these are in place, it would be very easy to hold without even thinking of tempering with your investment.

[Mayor of ogba]

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.

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  

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.

[Sticky Bomb]

If you make a mistake in trading, you will lose big in a short period of time. On the other hand, investing in Bitcoin is to go ahead without much experience, that is, to learn and learn.

Investing into Bitcoin is to go ahead and get started with purchasing it, not just folding your hands to learn and learn without being practical with what you learn. You can continue learning about it as you advance into your accumulation journey. There's a lot to learn, yes, but you've to get started with your accumulation journey to have a better learning/investing experience in Bitcoin

In this case, you don't have to worry about the ups and downs in the market, you just have to wait for the right time.

Having to wait for a supposed right thing before investing into Bitcoin is a wrong decision as a newbie, newbies have to get started immediately they've got a source of income and discretionary income available, set an accumulation target and follow up to accumulate Bitcoin consistently, commitedly and with as much aggressiveness as they can without overdoing it. It's also good to practice having to build backup funds like emergency fund and other variances to protect you from having to survive from your portfolio.

[DubemIfedigbo001]

There is no quality to shitcoin, those who try in shitcoin are just gambling --- you don't buy shitcoin it has no value in the future.
Don't follow influencers who keep spreading lies about the benefits of shitcoin, focus on bitcoin as the one great coin.
Fill your bag with bitcoin, that's all.

There are thousands of altcoins out there. Many of them are copies of each other. It's very hard to find an original altcoin, but it's not that they don't exist. We can name a few. Aside from those few altcoins, I agree that everything else about altcoins are gambling. You can make a lot of money in a very short time, but you can also reset your money to zero instantly. It's always better to accumulate Bitcoin on a regular basis instead of taking this gamble.

Even the most original altcoins and shitcoins obviously copied some features from Bitcoin, if you ever need the originals, it's Bitcoin. Most shitcoins rely on Bitcoin even for any slight price appreciation, you can observe the markets overtime, especially Ethereum, as soon as Bitcoin price appreciates a bit, it follows. So there's no originals in altcoins or shitcoins.

If you must deal with the best and the original coin, stick with Bitcoin for a long-term.