Buy Buy Buy or Sell Sell Sell?

[Mr Reporter]

I'm not against people investing on shitcoins I'm against people preaching it to newbies, if one knows the risk in it and decided to venture into it then is the person's cup of tea not mine, but why venturing into such risk knowing fully well there high risk of lose.
And trading shitcoins to invest in Bitcoin is a very bad approach, what if you lose your money instead of trading shitcoins to invest in Bitcoin is better you use DCA strategy and accumulate little by little no need to rush, if you think you can trade shitcoins and use the profit to invest in Bitcoin and become successful in Bitcoin investment then you lie because of you are lucky to get profit from one shitcoin you won't be that lucky next time.

Shitcoins are Coins with very low volume, volume numbers are usually fake, No development, Listed on temble exchangers, Supply not distributed in a fair manner. Shitcoins should be avoided especially by newbies who wants to be successful in the crypto world.

As an newbies in the Crypto market it is not always advisable to jump into trading of shitcoins, investing in shitcoin its essential to prioritize education and understand of the Crypto market before making investment decisions.

So what you are trying to say is that as a newbie investor, we should first of all get burnt before we can learn?
Because this is what your statement here implies, what wise people do is to use others to learn, that's why it's very important that if you want to go into something, you first of all seek knowledge about that thing, from people that has succeeded and those that has failed in it, they both have what to tell you.
It's only the greedy investors that investment in shit coin knowing fully well of the risk attached to it due to greedy for 10x to 100x, so stop trying to mislead newbies with this your statement that I made bold.

well you are quite right it's not necessary for newbies investor to get burnt before leaning in fact learning from others experience both successes and failures it a wish approach, seeking knowledge from experience investors can investor can help newbies navigate the market. It's essential to prioritize education and caution over greed and the promise of unrealistic returns. Investing in shitcoin or any high risk assets should be done with  caution and a clear understanding of potential risk and reward, newbies investor should focus on building a soiled foundation of knowledge and avoiding get rich quick scheme.

A new investor that want to come into the cryptospace shouldn't think twice but to go for bitcoin and invest in a long term so that he can be growing his bitcoin investment and at the same time learning more about bitcoin overtime. The basic knowledge of bitcoin is enough for any new investor to get started because he is only buying without selling at all.

Using DCA method is good for a new investor because it gives you the chance to build and grow your bitcoin investment for many years as you want and also allows you to take care of other financial related issues at the same time. What matters the most is your persistency and consistentcy to keep your bitcoin accumulation journey ongoing 4-10 years and above.

Investing in shitcoin or any high risk assets should be done with  caution and a clear understanding of potential risk and reward.

A new investor should not think of shitcoins as an investment because they don't have the potential to grow overtime instead most of them depreciates overtime. Investing in shitcoin is gambling because you can be rugged pull at any moment, so I would advise you not to waste your precious time and money on shitcoins because you will regret in the long run. Bitcoin is decentralized making it more unique to invest in for the future.

No amount of education and knowledge will save you from running at loss in shitcoin.

you have really spoken well here a new investor should just stick to bitcoin investment and forget about shitcoins for most shitcoins out there has nothing to offer in return when you put your hard earn money in them.

Focus on accumulating bitcoin to hold for long term for Bitcoin investment  investment is better and more profitable than investing in shitcoins, and to be frank with you guys since I came into this system I have not witness nor seeing any shitcoin  doing what bitcoin did in the system, so why investing in shitcoins that has nothing to offer.

sticking to bitcoin and avoiding shitcoin is a wish strategy especially for those starting out, bitcoin has consistently demonstrated it value and some potential growth for long term making it a more reliable investment option, in contrast, many shitcoin have proven to be unrealistic, unreliable, and unpredictable pulses unprofitable, I guess your personal experience in the Crypto space is a testament to the superiority of bitcoin.

[Orluemma]

An amount that is to be invested in Bitcoin shouldn't be an amount that is meant for other things because there will also be needs in the family that's why one should have s spare money that should be used for investment only, coming to the forum there has been a popular saying that one should invest with an amount that he or she is willing to lose not just because the investor is losing the money but because it will help the investor not to put so much trust in the amount because it will not be helpful to his mental health. Always have an amount set aside for other things and don't use all your money for investment it will save you the stress of running around to pull out your money when there are emergencies in the family. Have a stable source of income if you must be a good investor and know the amount to use for your investment.

Yes, in order to invest in Bitcoin one should not invest more money than one can afford to lose. Now if you invest more money than you can afford to lose then it will be risky for you to hold the investment for long. If you invest with what you can afford to lose then you don't need to sell bitcoins for urgent needs. Besides, money should be saved for emergency use. Now I never invest more money than I can afford to lose.

Investing with an amount you can afford to lose? No.
Who would want to be investing in something he is not certain off?
Or are you trying to say that it's very much important to invest an amount of money you can do away without for a very long period of time?
Know the difference between these two statement bro.
Though we live in a world full of uncertainty, but no body would want to invest his or her money in something that is 50/50. Bitcoin investment is not gambling bro, but in my own opinion the ideal word you should be saying is invest only what you can do away with in a very long period of time, so that you wouldn't fall back to your investment when in serious financial needs.

For sure the expression:  "don't invest anymore than you can afford to lose" has several interpretations, and we might not want to read too much into it - since many of us know that the future is not guaranteed, and an investment can be good , even if its odds of playing out (as planned) are less than 50/50...   We choose our position size on expectations, and yeah once time has passed, then certain scenarios become 100% or nothing based on either they happened or they did not, yet we still did not really know with any level of confidence when we took the bet, or maybe in the case of bitcoin, we are investing $100 per week for 10 years straight, so then after 10 years we have invested right around $52k (that is $5,200 per year), and so we might thinking that in 10 years, relatively acceptable scenarios would be that bitcoin's prices go up 2x or they might go up 10x or more, and sure there are other worse scenarios, yet we are hoping that the positive rather than the negative scenarios play out, but we don't really know for sure... so we choose our position size based on our own personal finances and psychology but also based on our view of bitcoin as an investment versus other places that we could put such value.

Another thing is that if BTC prices go up 10x in 10 years, not all of our BTC has appreciated in price at the same rate, even though perhaps our earliest of investments had achieved the fullest of the 10x price appreciations, yet perhaps our investments in the last 2-5 years might have ONLY gone up 50% or maybe doubled or tripled, so we cannot necessarily treat the whole investment as if it would have gone up 10x, since even though we invested $52k into bitcoin over 10 years, that $52k is not necessarily going to be $520k, but perhaps instead something like $312k and our earliest contributions would have gone up the most, and we can ONLY frontload our investment so much.  Another thing that tends to happen is that income tends to increase, so if we are raising our BTC contribution amounts with the raises in our income (and perhaps raising of our convictions about bitcoin with the passage of time), we may well end up having way more contributions on a dollar denominated way in the later part of our investment as compared to our earlier part of our investment (so we did not end up frontloading our investment), so those later contributions did not have as much time to compound on each other (or appreciate in value) as compared with the earlier portions, so it could well be that a BTC asset that goes up more than 10x in 10 years, our BTC holdings within that account after contributing $52k might be worth less than $200k... there are ways to forward calculate these matter (though filled with uncertainties) and of course, once the time past, we can see how we performed, but that still does not help us in terms of changing the past, yet it ONLY can help us to figure out if we might want to change (or tweak) any of our present practices.

If we don't want to devolve into gambling, we are restricted towards spending within our discretionary income, and yeah we can try to be as aggressive as we are able to do, yet we don't want to overdo it and end up losing BTC because we had overdone it, and we want to make sure that we keep our various relationships in order, which sometimes requires spending some money and contributing to the group rather than being perceived as self-ish and self-centered.  So we have to strike balances in regards to pursuing our best interests but also living our lives in ways that  is not screwing ourselves and/or our relations with others.. whether direct family or otherwise.

[edited out]

I guess those words belong only on trading since we know how risky the nature of this activity that's why people should think about that way.

But they would never think about that when they are accumulating for long term since they are not dealing with more bigger risk since by using DCA it eliminates what they have worried since at anytime they can set up their buy orders especially if they understand on to make everything work according to their plans set. People just need to be patience and stick on their target so that everything will goes well on their long term journey with Bitcoin.

You may be saying this with more ambiguity than necessary.

DCA does not eliminate risks, but it instead allows us to set our level of aggressiveness within our budget, so that we would not necessarily be overspending, and we spread our investments into bitcoin within the capacities of our discretionary income. 

Surely the more confidence that some of us have in bitcoin, we start to consider that bitcoin is less risky than a lot of other kinds of investments, including being less risky than holding value in fiat, since fiat is damned close to certain (or inevitable) to go down in value, yet it could take several years for us to perceive how much our fiat had gone down (depending on which fiat we have our value), so in the short term, bitcoin can go up or down relative to various fiats, yet it seems that the odds of bitcoin going up in value relative to fiats has very strong possibilities, especially if we look at 4 years or longer, so in that case, we can choose our bitcoin allocation size and even feel that we are likely in a less risky position in regards to the portion that we are holding in bitcoin as compared with other places that we could place such value, whether in fiat or in other places.  Sure we could be wrong about our assessment of risk (or non-risk), yet we can still come to our assessments regarding what we consider to be a place of having familiarity with what bitcoin is - which is a kind of asymmetric form of information, since there are so many folks who seem to hardly have any clues about what bitcoin is, even though they have heard the word and they act like they know what bitcoin is, but some of the bitcoin "know-it-alls" have not spent more than 10 hours studying bitcoin yet still have an opinion about bitcoin.  Many of us become advantaged by knowing about bitcoin, especially once we might start to get into the area of 50-100 or more hours studying bitcoin, as compared with folks who barely have superficial ideas about bitcoin and have put little to no time into trying to learn about what bitcoin is... in order that they can start to take action to get a stake in bitcoin rather than staying on zero and likely continuing to lose out by their failure/refusal to look into it and their failure/refusal to act to start to buy bitcoin (or alternatively buy bitcoin price exposure).

[edited out]

you are actually right, but bitcoin trading and bitcoin investment is not really a strategy per say but perhaps it is an aspect or a classification which everyone interested will have to chose and venture into and then the strategy is what they use to make profit or what help people attain what they really want in that classification or aspect they are into. and i have come to realize that the reason why some people touch there investment when it is not due is because whenever they are investing, they do not know what figure to invest and that is a result of poor financial management skill and until they work on themselves they can not really go far in any investment even outside bitcoin. Volatility is not actually a bitcoin investment risk rather it is a risk to bitcoin traders because if they predict the market to go up and at the end of the day the market go the opposite direction at that point in time they are already on loss but bitcoin investor do not predict they invest and hold so whether up or down they do not care.

A person could have an annual income of $20k over many years and perhaps receiving 4% to 10% raises per year, depending on if they get promotions or if they stay in the same job position, and they might be aspiring to get their investment to $1 million or close to $1 million so that they can start to live off of the interest from their bitcoin.  They might consider that they might not even have to get their investment to $1 million and as low as $500k might sufficiently serve their purposes, yet $1 million seems to provide a better cushion, so they are shooting to get to their BTC investment being valuated at $1million (hopefully using the 200-WMA rather than spot price, so they might still be learning about how to valuate their BTC investment), and so if the person spends more than 6 years buying $100-ish per week in bitcoin (which is really in the ballpark of 20% of their income, so quite aggressive), they might consider themselves to be investing into bitcoin aggressively and not to be having very much other income for other recreational or life-style type things.  They are mostly paying the bills and living a fairly frugal life.

After 6 years investing into bitcoin, they have put in $31,200, and they are feeling quite good about that, since they put in right around 1.5x of their annual income into bitcoin, and so if bitcoin has appreciated in those 6 years then they would be even better off.

We can look at the past 6 years, and see that $100 per week would have accumulated close to 2 BTC, and so at BTC spot prices that would be $187k and at 200-WMA that would be $85.5k, so the person can feel quite satisfied with his BTC stacking progress, yet he can still be tempted to tap into his bitcoin, even though he is still quite far from his goal of $500k to $1million, yet if he has no other investments or savings and he had never built up such wealth, he can still be tempted to use some of the money.. and I am not even proclaiming that he should not spend some of the money, even though withdrawing some of the money is likely going to slow down his progress towards reaching his goals.  Even if he cashes out less than 10% (such as 0.2 BTC), it will still take him quite a long time to build back that 0.2 BTC, and ultimately it is his choice to do, and I am suggesting that there are so many folks who get way too tempted into tapping into their long term investment and they end up either delaying their progress, or they really fuck up their whole practice of regularly building their investment.  There is no real right answer, except a person trying to reach fuck you status may well never be able to reach fuck you status if they have such bad habits of regularly (or even sporatically) dipping into their investments and messing up their BTC accumulation progress.

It makes make sense
Seeing what you could get and forgetting the reality of it been real
What is real is you put almost everything that you have now and wait for the unreal which you never know
I once made but mistake
Using my school fee and everything i had to buy bitcoin and It went down and after I withdrew to settle my debt bitcoin was booming

[Sonia_123]

The reason why people are still investing in shitcoins instead of Bitcoin is because they feel shitcoins are more fast in growth than Bitcoin and they have may be seen one or two people that has made money from some shitcoins,

Fuck them and their shitcoins and how they feel about it, for as I know shitcoin doesn't have any potential, all are crab pump and dump that people invest and later regret at last. I wounder why people leave a potential coin like bitcoin and go for shitcoin for the sake of imidiate pump and forget about the dump without rise. Because definately it will rise to leure people in and dump their ass down.

They always go on with the mindset of withdrawal almost immediately when there is a pump and that's it's just the only investment strategy they have. The funny thing is, a lot of them don't even believe in some of the shitcoin project they want to invest in, but Yet they still try to convince themselves about the miracle of impossibility to happen.

Patience they say is a virtue and bitcoin gives you the reward for your patience, most of these shitcoin investors see patients as a waste of time, hence they always fall for the scam in shitcoins in the hope of getting their investment as fast as possible. The sad part is that, people will always refuse to learn.

It is interesting that when Altcoin or Shitcoin that you are referring to is indeed made as an alternative profit that can be obtained because the movement is much more volatile, and in some they want to maximize it for their profits which are much higher and faster.

I don't deny it because I have also done it for profit, maybe you will judge me stupid or whatever about me doing that, but if as far as we get a profit then the results of trading from shitcoin make a big profit and then saved in a safer coin, namely bitcoin, is it wrong, or can't be right? While we don't have any other job that can make more money to save in bitcoin, yes why not use it to get more money to save in bitcoin.

There is always polarization in every industry, and I think if the goal is to add or buy more bitcoins from shitcoin trading, it doesn't matter, as long as we understand the risks and are able to take responsibility for it, Bitcoin will only be the last storage and secure our money for a better future.

I'm not against people investing on shitcoins I'm against people preaching it to newbies, if one knows the risk in it and decided to venture into it then is the person's cup of tea not mine, but why venturing into such risk knowing fully well there high risk of lose.
And trading shitcoins to invest in Bitcoin is a very bad approach, what if you lose your money instead of trading shitcoins to invest in Bitcoin is better you use DCA strategy and accumulate little by little no need to rush, if you think you can trade shitcoins and use the profit to invest in Bitcoin and become successful in Bitcoin investment then you lie because of you are lucky to get profit from one shitcoin you won't be that lucky next time.

Shitcoins are Coins with very low volume, volume numbers are usually fake, No development, Listed on temble exchangers, Supply not distributed in a fair manner. Shitcoins should be avoided especially by newbies who wants to be successful in the crypto world.

As an newbies in the Crypto market it is not always advisable to jump into trading of shitcoins, investing in shitcoin its essential to prioritize education and understand of the Crypto market before making investment decisions.

As a newbie, you don't need to boarder yourself about any other coin, or shit coin all you should be boarded is how to invest into Bitcoin using the DCA strategy to accumulate for a long-term of 4 years -10 years so that you will not get yourself confused and regret your actions .

what you need to educate and understand is Bitcoin and not any shit coin, because Bitcoin can't be compared to any other cryptocurrency that's why you need to forget about any cryptocurrency but focus on Bitcoin alone .

[JayJuanGee]

I actually do love the mix of optimism and realism in your post/comment. You’re absolutely correct by implying that Bitcoin’s performances suggests that those crazy ass bull runs could eventually happen again, but like we already know, there’s absolutely not a single guarantee. So it’s pretty much about just weighing the odds involved and using that to make better and informed choices.

Without a single doubt, your assertion is very much agreeable that stocking up Bitcoin pretty much earlier than having to do it quite later is indeed a very solid strategy. When it comes to having to figure out how much one needs to accumulate next 4-10 years, and even more in some cases, it’s kinda like a personal decision but having and maintaining a long term perspective is the key to success when investing in Bitcoin.

I just seems that the investment thesis for bitcoin is not any weaker than when I got into bitcoin in late 2013, and there were a lot of trying times back then, and so in some sense, the answers today are not any different from what they were 11 years ago. ..  continue to buy as much bitcoin as you are able to until you think that you have enough or more than enough...   If you already got a bit of a headstart, then good for you.  Maybe you have already accumulated a few BTC.

But if you are just getting started right now, then maybe you first shoot for 1 million sats, and then you shoot for 5 million sats and then you shoot for 10 million sats and then for 21 million sats, etc, etc.

You might consider that you are ONLY able to accumulate so many sats, but if you are buying every week, whether $100 per week or $10 per week or some other amount, then you are likely making progress in terms of ongoingly, persistently and consistently adding to your stash.. and so you might not even need as many bitcoin as you think that you need in order to get to your goals.. yet since the value of bitcoin in dollars is ongoingly changing, so there will continue to be need to monitor your progress in terms of something that is tangible, such as how much of a salary do you need every year in order to sustain yourself, and then perhaps at some point the quantity of bitcoin that you have might come to a high enough level.

For example, right now a guy who might consider that he needs $80k per year of income, he might consider that he needs 17.63 bitcoin or more in order to get over his status of his bitcoin being able to sustain that level of income from his bitcoin stash.  Yet, if such guy with a requirement of $80k per year were to have a similar income target for 10 years from now, then he might only need right around 2 bitcoin or more in order to accomplish that same level of income (even accounting for the debasement of the dollar).  Sure, we cannot know exactly how the values are going to work out, yet a guy who might be looking to get to that same status might find that it could be way easier to reach the 2 bitcoin or more future target as compared with the 17.63 or more bitcoin that is needed today for the same income level.

Surely, there are guys who also do not need that same level of income, so there could be guys that might need $40k per year or$20k per year, and they would need only 1/2 the quantity of bitcoin or 1/4 of the quantity respectively as the guy with the $80k per year requirement.

Couldn't it be said that the answers today are more compelling than in late 2013? Since then we have gone through the entire phase of denial from state actors to corporations and banks specifically to any other private or public individual being hostile towards bitcoin. Not a lot of those hostile positions are still around. Many have shut their mouth, many have been converted into bitcoiners, answers have been given by the network to anyone trying to shut it down or ban it from operating within their national boundaries, banks have adopted it as a product after claiming they would fire any employee owning bitcoin (Jamie Dimon).

You are not wrong, yet surely when we are looking at the strength of bitcoin's investment thesis, we have more than just sentiment to look at, and surely bitcoin's price appreciation over the past 11-ish years tends to cause a decent number of people to consider that bitcoin had already run its course, so then there tends to be some superficial lack of appreciation on what bitcoin is.

We could even say that there were some with more hostility towards bitcoin in earlier years, but bitcoin was also quite unknown and not in the political spotlight.

These days we might have some political or even financial folks against bitcoin merely because Trump is for it.. and I don't even consider the matter to be very clear to attempting to characterize the level of hostility as going down, because various kinds of hostility likely still exist, yet merely in a more convoluted way, including the various kinds of attacks to channel folks through KYC channels, so there seems to be a lot of talk about how bitcoin is so great, but it's not really on an individual empowering kind of way like it is in El Salvador.. but instead, maybe dropping of hostility in order that we are able to custody bitcoin with various BIG third parties... until they rug us, or lock us out, or confiscate our coins, or make sure that we pay our taxes with any transactions.. to the extent that we are even able to directly withdraw bitcoin into our own private wallet without having to jump through extensive KYC hurdles.

If it is all about the multiple that someone can get out of their investment, then the answer is different today with regards to time spans and this can be said in hindsight. Bitcoin has made like 100x since late 2013 and while I would not say never here, going another 100x within the next 11-12 years is maybe too optimistic. But since the comparison is dumb as bitcoin should be put in relation to other asset classes and their potential, I think the investment thesis could be deemed stronger now than it was back then for most of potential investors. Geeks might argue it was crystal clear in 2013, but not everyone thinks and acts like that. But in regards to answers given by bitcoin to the doubters, in my opinion there are many more answers today than there had been back then.

Sure, of course, even in 2013, there was a path to 100x (to where we are at today), yet no one should have honestly proclaimed that it was already known in advance, since it was not really very clear, even if there was a path..and that is part of the reason that with an assymetric bet we do not have to bet alot in order to still potentially make out greatly..  

There have been good and bad things that happened in the past 11/12 years, yet we are still here.. .with even more upside potential, even if some folks may well not appreciate the upside potential and also we can look at the slope of upcurve slope being less steep, but at the same time the going to zero scenarios are also not as many, as you seem to be saying similar things, with just different words (or different ways of saying similar things).

As an newbies in the Crypto market it is not always advisable to jump into trading of shitcoins, investing in shitcoin its essential to prioritize education and understand of the Crypto market before making investment decisions.

Beginners are indeed not advised to immediately do anything in the market if their understanding is still very low and do not have basic knowledge for it. Because the main task of beginners in anything is to study and learn knowledge before directly using money for certain coins in the market.

I have no problem with beginners getting started investing into bitcoin immediately.  The only thing that they need to know in the beginning is whether they have a discretionary income.  If they have discretionary income they can get started, and they can learn as they go.  They can also apportion the amount of their investment, whether weekly or otherwise in accordance with their comfort level and their knowledge.  Of course, the more comfortable and knowledgeable that they are then the more they can invest.  For beginners it is good to consider their 9 individual factors, but they don't need to figure out the details of all of those 9 individual factors in advance, except whether or not they have a discretionary income, and if they have a discretionary income, then they can get started buying bitcoin right away.

And the coin recommendation for beginners who are just learning is also not Shitcoin, but they must be willing to take Bitcoin as their main investment vehicle. Moreover, if Shitcoin also does not have the potential to survive long in the market and is likely to experience a deeper decline if its enthusiasts do not increase over time.

Hopefully no beginner is starting with shitcoins... so yeah, bitcoin first, and if they cannot resist getting into shitcoins, if they could at least limit their exposure to shitcoins (and/or trading) to less than 10% the size of their bitcoin investment, including their time, energies and value invested.. so don't be fucking around with shitcoin and/or trading except in a limited way and focus on learning bitcoin first and spending any time, energies or value in bitcoin first.

[edited out]

the word poor doesn't mean the person have no money at all to invest in bitcoin he may have some money with little flow of income or he may not have at all, so less try and differentiate it when talking about the poor.

If a person has a little flow of income that is coming he can still invest in bitcoin with his/her discretionary income after he/she must settle his/her needs and expenses, and he/she should have a back up and emergency funds to run a smooth investment, but If a person is living in paycheck to paycheck  I don't think he/she can cope with bitcoin investment, rather he/she should Look  for ways to get other sources of income before they can start investing in bitcoin.

Sure.  There are a lot of ways of being poor, so the more important part is whether or not a person has discretionary income, and if a person has discretionary income then he is able to invest into bitcoin.

Once a poor person starts to invest into bitcoin, there likely are various other measures that they have to take in order to assure that they have solid cashflow management practices and that they also are building up various back up funds, which all comes out of discretionary income... so surely with poor people if they do not have very much discretionary income then it is going to take them a long time before they will be able to build up their bitcoin investment, build up their back up funds and also just ongoingly make sure that they are engaging in strong cashflow management practices.

The poor person may well not have as many resources to fall back upon as a rich person, and if there are ways that he can figure out how to increase his discretionary income by increasing his income and/or cutting his expenses then that is good.. but also sometimes it might take time, money and energies to be able to figure out ways to get into employment that might pay higher than current income options.. or even to improve his present income situation by working more hours or trying to get a promotion or some other ways that might help to be able to improve income.

[edited out]

you have really spoken well here a new investor should just stick to bitcoin investment and forget about shitcoins for most shitcoins out there has nothing to offer in return when you put your hard earn money in them.

Focus on accumulating bitcoin to hold for long term for Bitcoin investment  investment is better and more profitable than investing in shitcoins, and to be frank with you guys since I came into this system I have not witness nor seeing any shitcoin  doing what bitcoin did in the system, so why investing in shitcoins that has nothing to offer.

You are probably wasting your time if you are investigating into shitcoins, and if you learn about bitcoin first, then you will likely see why their is little to no reason to really try to learn about shitcoins, unless maybe there are sometimes some incidental matters related to shitcoins that sometimes might be interesting to know or that you can even learn through mostly focusing on and studying bitcoin.

[edited out]

It makes make sense
Seeing what you could get and forgetting the reality of it been real
What is real is you put almost everything that you have now and wait for the unreal which you never know
I once made but mistake
Using my school fee and everything i had to buy bitcoin and It went down and after I withdrew to settle my debt bitcoin was booming

I see no problem using extra money that you don't need to put into bitcoin for 4-10 years or longer, but surely in your described situation, you were using money that you needed, and so your money was not extra.  You were trying to gamble with your expenses money, which ONLY works if the BTC price would have gone in the right direction (which would have had been up), and yeah, of course, we cannot rely upon bitcoin going up in the short term, or even in 4-10 years or more, so we put money into bitcoin that we are willing to lose, even though we surely would prefer our bitcoin holdings to be profitable by the time we want to try to withdraw from it in the future.. maybe 4-10 years or more into the future.

Another thing is that if you are investing into bitcoin at a reasonable pace that is within your own financial and psychological circumstances, then in the beginning it might be difficult to see progress, but over the years, you may well continue to see your bitcoin holdings growing.  Yet if you are a young person who is still building his school and his education, you might not have very much discretionary income that you are able to invest, since purportedly your schooling should be for the purpose of being able to place yourself into higher income situations in the future... so even if you don't have as much money now, you might be in a better position to invest into bitcoin into the future.. .. so those are tradeoffs that may well be worth it for younger folks to be putting time, energies and money into education and job skills (and network) building... And, sure, you might also be able to combine and include bitcoin into your studies, depending on what kinds of profession you are trying to get into.

[Mr Reporter]

The reason why people are still investing in shitcoins instead of Bitcoin is because they feel shitcoins are more fast in growth than Bitcoin and they have may be seen one or two people that has made money from some shitcoins,

Fuck them and their shitcoins and how they feel about it, for as I know shitcoin doesn't have any potential, all are crab pump and dump that people invest and later regret at last. I wounder why people leave a potential coin like bitcoin and go for shitcoin for the sake of imidiate pump and forget about the dump without rise. Because definately it will rise to leure people in and dump their ass down.

They always go on with the mindset of withdrawal almost immediately when there is a pump and that's it's just the only investment strategy they have. The funny thing is, a lot of them don't even believe in some of the shitcoin project they want to invest in, but Yet they still try to convince themselves about the miracle of impossibility to happen.

Patience they say is a virtue and bitcoin gives you the reward for your patience, most of these shitcoin investors see patients as a waste of time, hence they always fall for the scam in shitcoins in the hope of getting their investment as fast as possible. The sad part is that, people will always refuse to learn.

It is interesting that when Altcoin or Shitcoin that you are referring to is indeed made as an alternative profit that can be obtained because the movement is much more volatile, and in some they want to maximize it for their profits which are much higher and faster.

I don't deny it because I have also done it for profit, maybe you will judge me stupid or whatever about me doing that, but if as far as we get a profit then the results of trading from shitcoin make a big profit and then saved in a safer coin, namely bitcoin, is it wrong, or can't be right? While we don't have any other job that can make more money to save in bitcoin, yes why not use it to get more money to save in bitcoin.

There is always polarization in every industry, and I think if the goal is to add or buy more bitcoins from shitcoin trading, it doesn't matter, as long as we understand the risks and are able to take responsibility for it, Bitcoin will only be the last storage and secure our money for a better future.

I'm not against people investing on shitcoins I'm against people preaching it to newbies, if one knows the risk in it and decided to venture into it then is the person's cup of tea not mine, but why venturing into such risk knowing fully well there high risk of lose.
And trading shitcoins to invest in Bitcoin is a very bad approach, what if you lose your money instead of trading shitcoins to invest in Bitcoin is better you use DCA strategy and accumulate little by little no need to rush, if you think you can trade shitcoins and use the profit to invest in Bitcoin and become successful in Bitcoin investment then you lie because of you are lucky to get profit from one shitcoin you won't be that lucky next time.

Shitcoins are Coins with very low volume, volume numbers are usually fake, No development, Listed on temble exchangers, Supply not distributed in a fair manner. Shitcoins should be avoided especially by newbies who wants to be successful in the crypto world.

As an newbies in the Crypto market it is not always advisable to jump into trading of shitcoins, investing in shitcoin its essential to prioritize education and understand of the Crypto market before making investment decisions.

As a newbie, you don't need to boarder yourself about any other coin, or shit coin all you should be boarded is how to invest into Bitcoin using the DCA strategy to accumulate for a long-term of 4 years -10 years so that you will not get yourself confused and regret your actions .

what you need to educate and understand is Bitcoin and not any shit coin, because Bitcoin can't be compared to any other cryptocurrency that's why you need to forget about any cryptocurrency but focus on Bitcoin alone .

the thing is that greed will not allow most newbie to focus on investing in the real assets, as an newbie its essential to focus on one thing at a time, especially when investing in cryptocurrency as newbies concentrate on understanding bitcoin and its investment strategies.

[Odohu]

As an newbies in the Crypto market it is not always advisable to jump into trading of shitcoins, investing in shitcoin its essential to prioritize education and understand of the Crypto market before making investment decisions.

As a newbie, you don't need to boarder yourself about any other coin, or shit coin all you should be boarded is how to invest into Bitcoin using the DCA strategy to accumulate for a long-term of 4 years -10 years so that you will not get yourself confused and regret your actions .

what you need to educate and understand is Bitcoin and not any shit coin, because Bitcoin can't be compared to any other cryptocurrency that's why you need to forget about any cryptocurrency but focus on Bitcoin alone .

the thing is that greed will not allow most newbie to focus on investing in the real assets, as an newbie its essential to focus on one thing at a time, especially when investing in cryptocurrency as newbies concentrate on understanding bitcoin and its investment strategies.

Why constantly using the words "Cryptocurrency" and "Crypto" why you can simply use Bitcoin for easy understanding before people start to think that Bitcoin is in the same league as the various shitcoins out there? If you discipline yourself a little, you can actually learn to confine your discussion within Bitcoin and still make a lot of sense.

Meanwhile, you simply need to master the DCA method as a newbie to start building your Bitcoin portfolio, let's not complicate things for beginners. They don't have to master everything about Bitcoin as most of those knowledge comes with time and experience, just learn the DCA method and get started with your discretionary income and you will be on your way to building a Bitcoin portfolio you can look back on and be proud of yourself in years to come.

[laijsica]

And the coin recommendation for beginners who are just learning is also not Shitcoin, but they must be willing to take Bitcoin as their main investment vehicle. Moreover, if Shitcoin also does not have the potential to survive long in the market and is likely to experience a deeper decline if its enthusiasts do not increase over time.

Hopefully no beginner is starting with shitcoins... so yeah, bitcoin first, and if they cannot resist getting into shitcoins, if they could at least limit their exposure to shitcoins (and/or trading) to less than 10% the size of their bitcoin investment, including their time, energies and value invested.. so don't be fucking around with shitcoin and/or trading except in a limited way and focus on learning bitcoin first and spending any time, energies or value in bitcoin first.

For beginner, the lure of high profits always pull them and they spend their initial time in shitcoins trading. Actually I am giving my own example in my past initial situation. Initial stage, I was financially affected due to this mistake of mine. But gradually the main factor in reducing greed can be getting proper knowledge about Bitcoin and a sure fixed income stream/discretionary income. For some people, it is better to be in the market for the initial period to freely find their own good road so that they can choose the right currency for themselves and gain investment knowledge through self-realization. And finally they will definitely choose the best one (Bitcoin).

I also think that for those people, it is better to be knowledgeable about Bitcoin from the initial stage because there is a huge opportunity for them to expand their horizons and a fertile field for investment. If they do not have sufficient discretionary income or excess backup funds or floating cash. Bitcoin knowledge will allow them to be mentally prepared for saving in the future.

[Derekfunds]

I'm not against people investing on shitcoins I'm against people preaching it to newbies, if one knows the risk in it and decided to venture into it then is the person's cup of tea not mine, but why venturing into such risk knowing fully well there high risk of lose.
And trading shitcoins to invest in Bitcoin is a very bad approach, what if you lose your money instead of trading shitcoins to invest in Bitcoin is better you use DCA strategy and accumulate little by little no need to rush, if you think you can trade shitcoins and use the profit to invest in Bitcoin and become successful in Bitcoin investment then you lie because of you are lucky to get profit from one shitcoin you won't be that lucky next time.

Shitcoins are Coins with very low volume, volume numbers are usually fake, No development, Listed on temble exchangers, Supply not distributed in a fair manner. Shitcoins should be avoided especially by newbies who wants to be successful in the crypto world.

As an newbies in the Crypto market it is not always advisable to jump into trading of shitcoins, investing in shitcoin its essential to prioritize education and understand of the Crypto market before making investment decisions.

So what you are trying to say is that as a newbie investor, we should first of all get burnt before we can learn?
Because this is what your statement here implies, what wise people do is to use others to learn, that's why it's very important that if you want to go into something, you first of all seek knowledge about that thing, from people that has succeeded and those that has failed in it, they both have what to tell you.
It's only the greedy investors that investment in shit coin knowing fully well of the risk attached to it due to greedy for 10x to 100x, so stop trying to mislead newbies with this your statement that I made bold.

well you are quite right it's not necessary for newbies investor to get burnt before leaning in fact learning from others experience both successes and failures it a wish approach, seeking knowledge from experience investors can investor can help newbies navigate the market. It's essential to prioritize education and caution over greed and the promise of unrealistic returns. Investing in shitcoin or any high risk assets should be done with  caution and a clear understanding of potential risk and reward, newbies investor should focus on building a soiled foundation of knowledge and avoiding get rich quick scheme.

A new investor that want to come into the cryptospace shouldn't think twice but to go for bitcoin and invest in a long term so that he can be growing his bitcoin investment and at the same time learning more about bitcoin overtime. The basic knowledge of bitcoin is enough for any new investor to get started because he is only buying without selling at all.

Using DCA method is good for a new investor because it gives you the chance to build and grow your bitcoin investment for many years as you want and also allows you to take care of other financial related issues at the same time. What matters the most is your persistency and consistentcy to keep your bitcoin accumulation journey ongoing 4-10 years and above.

Investing in shitcoin or any high risk assets should be done with  caution and a clear understanding of potential risk and reward.

A new investor should not think of shitcoins as an investment because they don't have the potential to grow overtime instead most of them depreciates overtime. Investing in shitcoin is gambling because you can be rugged pull at any moment, so I would advise you not to waste your precious time and money on shitcoins because you will regret in the long run. Bitcoin is decentralized making it more unique to invest in for the future.

No amount of education and knowledge will save you from running at loss in shitcoin.

you have really spoken well here a new investor should just stick to bitcoin investment and forget about shitcoins for most shitcoins out there has nothing to offer in return when you put your hard earn money in them.

Focus on accumulating bitcoin to hold for long term for Bitcoin investment  investment is better and more profitable than investing in shitcoins, and to be frank with you guys since I came into this system I have not witness nor seeing any shitcoin  doing what bitcoin did in the system, so why investing in shitcoins that has nothing to offer.

Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.

[Barikui1]

Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.

Why would someone in his or her right senses even compare shit coin with Bitcoin, it's not just ignorance, it's a higher level of stupidity to do that, using something that falls more than they rise to compare Bitcoin that always rally back to even a greater and better heights anytime it value plummet.
Look at the market today, all the shit coin that fell during this dip, it's only like 2% of them that may recover from it to it previous value that it fell from, so it's mostly higher level of ignorance that will make someone to compare them with Bitcoin.

Their are only three reasons that makes most investors to invest in shit coin, which are uninformation, misinformation or greed.
But among them all, the one that annoys me the most is the greedy investors, because they knows how dangerous it is, but they still venture into it, due to greed for 10x to 20x, which majority of them mostly get burnt after taking such a decision.

[Marvelockg]

the thing is that greed will not allow most newbie to focus on investing in the real assets, as an newbie its essential to focus on one thing at a time, especially when investing in cryptocurrency as newbies concentrate on understanding bitcoin and its investment strategies.

I have read a couple of your replies on Bitcoin-related topics, and the fact that you are still mixing things up shows that you can easily get lured into considering some coin over Bitcoin because you think Bitcoin is just an option or one of the coins out there.

Note that you are not investing in Bitcoin just because you want to concentrate on one thing at a time. If that is the case, then when there is news of some coin that is doing well in the short run, you might get tempted to swap your Bitcoin for them due to ignorance. Bitcoin is not just one of the cryptos, so it is not an option you should consider when you are looking for a good crypto to buy. Bitcoin is an independent, strong, and decentralized asset that has stood the test of time as the best and ever-growing asset to buy and hold for the long term.

If you even talk about greed, have you considered the cost of missing out on your Bitcoin investment plan for just some short-term benefit that might even land you in ruin? Bitcoin investment demands being intentional and disciplined so you don't trade your long-term goal for short-term privilege or the limitation that comes with allowing greed to get the better of you. Forget about the mistakes other newbies are making and ensure that you are as focused as possible with your investment. It is your future you are talking about here.

[john_egbert]

Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.

BTC is stable. Other coins - not so much.

We are certain in it due to many reasons, and we have even more of them not to go for newer coins, simple as that.

[Derekfunds]

Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.

Why would someone in his or her right senses even compare shit coin with Bitcoin, it's not just ignorance, it's a higher level of stupidity to do that, using something that falls more than they rise to compare Bitcoin that always rally back to even a greater and better heights anytime it value plummet.
Look at the market today, all the shit coin that fell during this dip, it's only like 2% of them that may recover from it to it previous value that it fell from, so it's mostly higher level of ignorance that will make someone to compare them with Bitcoin.

Their are only three reasons that makes most investors to invest in shit coin, which are uninformation, misinformation or greed.
But among them all, the one that annoys me the most is the greedy investors, because they knows how dangerous it is, but they still venture into it, due to greed for 10x to 20x, which majority of them mostly get burnt after taking such a decision.

You as a Bitcoin investor will see it as being stupid for them they are doing the right thing because they have allowed the lust of making huge money within a short period of time to take over them. Nowadays most of the people that chose to invest in shitcoins is not because they are uninformed or misinformed no rather they are doing it knowing fully well that what they are doing is very risky but they have centered and projected there sense to make millions and billions over short time which most times usually turn against them and you will see them saying nonsense about investment.

[dolbayob]

I'm on the side of bye bye bye (nsync) right now. Bitcoin is not cheap but it's not expensive either. You better stack more and if it goes down you can buy cheaper but if it goes up you don't regret because you already bought it.

BTC is stable. Other coins - not so much.

Other coins are only for pumping and dumping and in the end stacking more sats. They have no other purpose.

[Sim_card]

Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.

BTC is stable. Other coins - not so much.

Bitcoin is not stable in nature but volatile so don't get it twisted. USDC and USDT are stable coins because their price is stable and does not fluctuate like bitcoin that goes up and down. Bitcoin is unique and decentralized. It has a circle which is after every four years and in every circle, there is a halving which comes before the bull run take place.
Bitcoin is solving problems which those shitcoin cannot do.

We are certain in it due to many reasons, and we have even more of them not to go for newer coins, simple as that.

A new investor should think of any coin whether old or new apart from bitcoin. Only bitcoin is worth investing in because it's an asset that history has proven that it makes new ATH in every circle. It's also a store of value to prevent your money from inflation.

If you invest in bitcoin, build, grow and hodli your investment for 4-10 years and above, you will be surprised at the size and value of your portfolio in future. Bitcoin is worth throwing some value into because it's easy to invest in it with DCA method as long as you are regularly, consistently and persistently keeping your bitcoin investment ongoing weekly. Shitcoin is the opposite of bitcoin and you are gambling with your money.

[Tamaperdana]

Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.

Why would someone in his or her right senses even compare shit coin with Bitcoin, it's not just ignorance, it's a higher level of stupidity to do that, using something that falls more than they rise to compare Bitcoin that always rally back to even a greater and better heights anytime it value plummet.
Look at the market today, all the shit coin that fell during this dip, it's only like 2% of them that may recover from it to it previous value that it fell from, so it's mostly higher level of ignorance that will make someone to compare them with Bitcoin.

Their are only three reasons that makes most investors to invest in shit coin, which are uninformation, misinformation or greed.
But among them all, the one that annoys me the most is the greedy investors, because they knows how dangerous it is, but they still venture into it, due to greed for 10x to 20x, which majority of them mostly get burnt after taking such a decision.

The point is, if you are going to invest in bitcoin, never be interested in knowing what a trash coin is. Because it can be dangerous if the person who knows it is a greedy person. So if our goal is to invest in bitcoin, then focus on investing in bitcoin. Because rather than finding out about trash coins, it is better to find a bigger income, so that our cold money or discretionary income becomes bigger and can be invested in bitcoin. So don't let our focus be disturbed just because of shitcoin, because what we need to know about shitcoin is only one thing, namely that shitcoin is useless. Because not a few bitcoin investors who initially invested in bitcoin only, eventually became a shitcoin trader, and this was caused by finding out too deeply about shitcoin. And finally became interested because they felt shitcoin could provide a large multiple of profit, even though in reality it didn't. So in this case we must understand, that too much curiosity sometimes has a bad impact too.

[Sonia_123]

Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.

Why would someone in his or her right senses even compare shit coin with Bitcoin, it's not just ignorance, it's a higher level of stupidity to do that, using something that falls more than they rise to compare Bitcoin that always rally back to even a greater and better heights anytime it value plummet.
Look at the market today, all the shit coin that fell during this dip, it's only like 2% of them that may recover from it to it previous value that it fell from, so it's mostly higher level of ignorance that will make someone to compare them with Bitcoin.

Their are only three reasons that makes most investors to invest in shit coin, which are uninformation, misinformation or greed.
But among them all, the one that annoys me the most is the greedy investors, because they knows how dangerous it is, but they still venture into it, due to greed for 10x to 20x, which majority of them mostly get burnt after taking such a decision.

The point is, if you are going to invest in bitcoin, never be interested in knowing what a trash coin is. Because it can be dangerous if the person who knows it is a greedy person. So if our goal is to invest in bitcoin, then focus on investing in bitcoin. Because rather than finding out about trash coins, it is better to find a bigger income, so that our cold money or discretionary income becomes bigger and can be invested in bitcoin. So don't let our focus be disturbed just because of shitcoin, because what we need to know about shitcoin is only one thing, namely that shitcoin is useless. Because not a few bitcoin investors who initially invested in bitcoin only, eventually became a shitcoin trader, and this was caused by finding out too deeply about shitcoin. And finally became interested because they felt shitcoin could provide a large multiple of profit, even though in reality it didn't. So in this case we must understand, that too much curiosity sometimes has a bad impact too.

Since we are into Bitcoin why boarder yourself about shitcoin  you don't need to be talking about it so that you will not get tempted carried away, Bitcoin is what you should focus on, get your knowledge and invest into Bitcoin, Bitcoin should be given full concentration,if you really want to be in support of Bitcoin, you have to forget on any other coin, but focus on Bitcoin and his investment strategy so that you will be part of Bitcoin owners.

[topbitcoin]

Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.

Why would someone in his or her right senses even compare shit coin with Bitcoin, it's not just ignorance, it's a higher level of stupidity to do that, using something that falls more than they rise to compare Bitcoin that always rally back to even a greater and better heights anytime it value plummet.
Look at the market today, all the shit coin that fell during this dip, it's only like 2% of them that may recover from it to it previous value that it fell from, so it's mostly higher level of ignorance that will make someone to compare them with Bitcoin.

Their are only three reasons that makes most investors to invest in shit coin, which are uninformation, misinformation or greed.
But among them all, the one that annoys me the most is the greedy investors, because they knows how dangerous it is, but they still venture into it, due to greed for 10x to 20x, which majority of them mostly get burnt after taking such a decision.

The point is, if you are going to invest in bitcoin, never be interested in knowing what a trash coin is. Because it can be dangerous if the person who knows it is a greedy person. So if our goal is to invest in bitcoin, then focus on investing in bitcoin. Because rather than finding out about trash coins, it is better to find a bigger income, so that our cold money or discretionary income becomes bigger and can be invested in bitcoin. So don't let our focus be disturbed just because of shitcoin, because what we need to know about shitcoin is only one thing, namely that shitcoin is useless. Because not a few bitcoin investors who initially invested in bitcoin only, eventually became a shitcoin trader, and this was caused by finding out too deeply about shitcoin. And finally became interested because they felt shitcoin could provide a large multiple of profit, even though in reality it didn't. So in this case we must understand, that too much curiosity sometimes has a bad impact too.

But sometimes things like this are indeed difficult to avoid, especially for those who are still in the early stages of introduction and do not really understand how bitcoin and shitcoin work, which sometimes makes many people careless just because they see the profits that can be obtained instantly from shitcoin, which is actually a trap that makes them fomo and people who have good intentions are in bitcoin but the wrong path cannot return.

The fact is that until now, many have felt this and for those new people, they should be able to see this as a story and learning so that in the end they do not get caught on the same path because there are already many examples.
But selfishness and false hopes about quick profits in shitcoin are indeed difficult to let go of for some people, so in this case it is wiser for us to take action because as you said, focus must be increased in this case so that we do not act wrongly.

[Solokan]

As an newbies in the Crypto market it is not always advisable to jump into trading of shitcoins, investing in shitcoin its essential to prioritize education and understand of the Crypto market before making investment decisions.

As a newbie, you don't need to boarder yourself about any other coin, or shit coin all you should be boarded is how to invest into Bitcoin using the DCA strategy to accumulate for a long-term of 4 years -10 years so that you will not get yourself confused and regret your actions .

what you need to educate and understand is Bitcoin and not any shit coin, because Bitcoin can't be compared to any other cryptocurrency that's why you need to forget about any cryptocurrency but focus on Bitcoin alone .

the thing is that greed will not allow most newbie to focus on investing in the real assets, as an newbie its essential to focus on one thing at a time, especially when investing in cryptocurrency as newbies concentrate on understanding bitcoin and its investment strategies.

Why constantly using the words "Cryptocurrency" and "Crypto" why you can simply use Bitcoin for easy understanding before people start to think that Bitcoin is in the same league as the various shitcoins out there? If you discipline yourself a little, you can actually learn to confine your discussion within Bitcoin and still make a lot of sense.

Meanwhile, you simply need to master the DCA method as a newbie to start building your Bitcoin portfolio, let's not complicate things for beginners. They don't have to master everything about Bitcoin as most of those knowledge comes with time and experience, just learn the DCA method and get started with your discretionary income and you will be on your way to building a Bitcoin portfolio you can look back on and be proud of yourself in years to come.

yes indeed of course we can't equate btc with other coins because of course it's different.

Agree indeed we should not complicate the beginners, yes of course the dca method is an easy and easy to understand method because our only need to buy according to what our want and routinely like once a week and so on. but yes certainly knowledge sometimes comes from experience because by trying directly without thinking much will certainly make us immediately have valuable experience and of course will make us indirectly have knowledge.

this dca method is indeed very easy but what is certain is that to be better we must have an emergency fund when investing in btc so that we are comfortable investing for the long term because of course holding it for a long time over 10 years of course the test is sometimes difficult what is certain is that emergency funds must also increase over time so that we are not tempted to sell it when there is a temptation or urgent need in the real world. yes I like the DCA method because it is very good and of course teaches us about discipline.

[laijsica]

Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.

Why would someone in his or her right senses even compare shit coin with Bitcoin, it's not just ignorance, it's a higher level of stupidity to do that, using something that falls more than they rise to compare Bitcoin that always rally back to even a greater and better heights anytime it value plummet.
Look at the market today, all the shit coin that fell during this dip, it's only like 2% of them that may recover from it to it previous value that it fell from, so it's mostly higher level of ignorance that will make someone to compare them with Bitcoin.

Their are only three reasons that makes most investors to invest in shit coin, which are uninformation, misinformation or greed.
But among them all, the one that annoys me the most is the greedy investors, because they knows how dangerous it is, but they still venture into it, due to greed for 10x to 20x, which majority of them mostly get burnt after taking such a decision.

The point is, if you are going to invest in bitcoin, never be interested in knowing what a trash coin is. Because it can be dangerous if the person who knows it is a greedy person. So if our goal is to invest in bitcoin, then focus on investing in bitcoin. Because rather than finding out about trash coins, it is better to find a bigger income, so that our cold money or discretionary income becomes bigger and can be invested in bitcoin. So don't let our focus be disturbed just because of shitcoin, because what we need to know about shitcoin is only one thing, namely that shitcoin is useless. Because not a few bitcoin investors who initially invested in bitcoin only, eventually became a shitcoin trader, and this was caused by finding out too deeply about shitcoin. And finally became interested because they felt shitcoin could provide a large multiple of profit, even though in reality it didn't. So in this case we must understand, that too much curiosity sometimes has a bad impact too.

Since we are into Bitcoin why boarder yourself about shitcoin  you don't need to be talking about it so that you will not get tempted carried away, Bitcoin is what you should focus on, get your knowledge and invest into Bitcoin, Bitcoin should be given full concentration,if you really want to be in support of Bitcoin, you have to forget on any other coin, but focus on Bitcoin and his investment strategy so that you will be part of Bitcoin owners.

I think this is your misconception. You should have a proper understanding of Bitcoin and other shitcoins otherwise you may not be able to understand the real value of Bitcoin. You should not invest blindly but invest considering the situation around you. Being aware of why you should only invest in Bitcoin and why shitcoins are extremely risky means that you are honest and prudent with yourself in investing. Through studying bitcoin, the real valuation of Bitcoin will become clear to you through real investment concepts and you will be able to increase your focus on competitive investments.

Being familiar with the concept of risky investment literally means that you can be aware enough and focus more on accumulating Bitcoin. We also know that discussions about shitcoins will waste our time and most of the time we should focus on Bitcoin so that we are motivated to increase our investment by gaining more knowledge.

Of course we should focus completely on Bitcoin and make our investment goals long term so that with over time, you will be tempted to hold Bitcoin at a higher level.

[I_Anime]

Shitcoins can never do better than Bitcoin because most of them if not all of them depends on Bitcoin so it is not possible to do better than Bitcoin and even though they have a very high volatility of an uptrend at a point that doesn't mean they are better than Bitcoin because they will soon drop to nothing or back to there initial state and that is unlike Bitcoin and i believe this is the reason why most persons invest on shitcoins and some even trade it because of this reason but last last, if it doesn't work out as planned they will be doomed, I came across a thread where the op posted someone that used over $10k to buy shitcoin and before he knew what was happening what he saw was $6, you can imagine what will be the state of that person.

Why would someone in his or her right senses even compare shit coin with Bitcoin, it's not just ignorance, it's a higher level of stupidity to do that, using something that falls more than they rise to compare Bitcoin that always rally back to even a greater and better heights anytime it value plummet.
Look at the market today, all the shit coin that fell during this dip, it's only like 2% of them that may recover from it to it previous value that it fell from, so it's mostly higher level of ignorance that will make someone to compare them with Bitcoin.

Their are only three reasons that makes most investors to invest in shit coin, which are uninformation, misinformation or greed.
But among them all, the one that annoys me the most is the greedy investors, because they knows how dangerous it is, but they still venture into it, due to greed for 10x to 20x, which majority of them mostly get burnt after taking such a decision.

The point is, if you are going to invest in bitcoin, never be interested in knowing what a trash coin is. Because it can be dangerous if the person who knows it is a greedy person. So if our goal is to invest in bitcoin, then focus on investing in bitcoin. Because rather than finding out about trash coins, it is better to find a bigger income, so that our cold money or discretionary income becomes bigger and can be invested in bitcoin. So don't let our focus be disturbed just because of shitcoin, because what we need to know about shitcoin is only one thing, namely that shitcoin is useless. Because not a few bitcoin investors who initially invested in bitcoin only, eventually became a shitcoin trader, and this was caused by finding out too deeply about shitcoin. And finally became interested because they felt shitcoin could provide a large multiple of profit, even though in reality it didn't. So in this case we must understand, that too much curiosity sometimes has a bad impact too.

Since we are into Bitcoin why boarder yourself about shitcoin  you don't need to be talking about it so that you will not get tempted carried away, Bitcoin is what you should focus on, get your knowledge and invest into Bitcoin, Bitcoin should be given full concentration,if you really want to be in support of Bitcoin, you have to forget on any other coin, but focus on Bitcoin and his investment strategy so that you will be part of Bitcoin owners.

That’s why I usually tell folks not to think of diversifying until they have gotten some nice amount of bitcoin , before they should think of putting their funds in something else ( in for of diversification) , because it will affect their rate of accumulating bitcoin , shifting their resources to something else .

And if you are even thinking of diversifying , shitcoin ain’t a bright idea rather find something else you diversify on that will definitely worth it in a long run .