Topic: Bitcoin and shitcoin graphics. (Read 204 times)

Indeed the graph has a lot of reality fact and I feel sorry for those who're not knowledgeable in the crypto industry and what they knows is just to jump into any market that's being introduced to them without their endeavors to make their own research.
It's really pitiful learning how newbies falls into this category of investing in the shitcoins all because of market hypes.
In the graph above it's agreed that bitcoin was a zero value when it was launched since 2009 and gradually it has been possible to keep achieving great and greater values and today it's $104,000 just after surged and Ath of $109,000 and never still at it maximum yet as we are expecting more greater values in time.
Meanwhile the shitcoins has only achieved it value just to lure it users funds and them it gets dump and it users becomes loosers While bitcoin users keep to winning as it market values keep to increase.

Anyone who's investing in bitcoin within the frame of 1-2 years will likely not succeed with his or her bitcoin investment because he or she is trading bitcoin rather than investing in bitcoin. Bitcoin investment is not a way to get rich soon, and it is best done when you are in for the long term. Anyone investing in bitcoin should have a long-term mindset for at least 4 years to be in the position of making a profit from bitcoin investment. Bitcoin is not a pump-and-dump coin, so it doesn't matter when you start your bitcoin investment. As far as you are going to hold your bitcoin for 4-10 years or more, you will surely be in profit by the time you will want to sell your bitcoin.

We always would choose Bitcoin every single time. Some gains with the altcoins that we've bought might be better than Bitcoin at few times but nothing beats the actual stability of Bitcoin and other technicalities that it has got related to its network.

It's been made with a purpose. And we've seen how it has changed a lot of lives globally and this is the kind of solution to financial problems that one project should be. But other than that, we will never see another Bitcoin and even if the greatest of the altcoin projects will do, they cannot beat and outthrone Bitcoin.

The problem usually comes from people expecting that the "long run" time frame means 1 or 2 years after they buy Bitcoin. If they enter when the bull market ends, then they won't see any profits because they likely buy at the top and sell at the bottom when the bear market hits. I know one or two people who buy Bitcoin at $70k and have to wait for 3+ years before they break even, so patience is still important and people need a reminder now and then. It doesn't help that the way people advertise Bitcoin is that it allows people to get rich quickly, which is detrimental to the value of Bitcoin in the long run.

You are correct. There are so many shitcoins that are built only on hype with no use case to back them, and the team behind these shitcoins only has one intention, which is to milk investors money. Since shitcoins are just pump-and-dump coins, it's never advisable for anyone who is just starting his or her crypto journey to invest in shitcoins because the chance of losing money in shitcoins is high since shitcoins are just pump-and-dump coins developed to target investors money. Bitcoin is one of the best investments, and it is very simple and easy to start. Bitcoin is the ideal coin that newbies should invest in because Bitcoin has the tendency of always increasing in value, which will allow newbies not to lose their money in bitcoin investment but gain a good profit in the long run.

The mistake some people make in the past is when they make profit from altcoins and not convert all to fiat or fiat stable coins. The coins fall and not able to increase back like bitcoin. Bitcoin fall and increase and get to ATH several times till this year, but altcoins are not like that. They will get pumped and later be dumped.

These graphics show that investing in Bitcoin and holding it for the long term can certainly yield good profits. The price of bitcoin will increase as the days go by, how was the price of bitcoin in 2010, how much is the price of bitcoin now, hopefully it will increase more in the future. Yes, investing in shitcoins can yield high profits quickly but is very risky. If investing in Shitcoins and if the price falls, you may find it difficult to recover in the future. Shitcoins are very dangerous, so should not invest in Shitcoins. If you want to invest in cryptocurrencies, it would be wise to focus on Bitcoin. Bitcoin has good prospects in the near future.

You nailed it! I can relate to this actually during my early days when I discovered Bitcoin, I was hooked on altcoins and I was really disappointed later on because I just realized how much I lost when I sold my Bitcoins for random shitcoins I bought before. I just considered it as a lesson learned.

You are right. What you said about HODL and bump and dump scams is very important for new investors. If you want to invest for the long term, you need to understand the importance of patience and time. Also, it is important to beware of scams, not doing proper research can lead to huge losses.

It is great that you want to help new people!

That is why I called it an impression. Newbies are sold the dream that everyone is making money, while in reality, only those making money are highlighted as thousands get burnt out.

Some try to get the "next big thing" before it becomes big but ends up bag holding lots of shitcoins with no value.

- Jay -

Exactly, this graphic nails it! Bitcoin is known for its steady long-term growth despite short-term volatility, while shitcoins often have one hype-driven peak before disappearing. It’s a great reminder to avoid chasing quick profits and focus on sustainable investments🚀🚀🚀🚀🚀🚀🚀🚀

The diagram would have been more interesting if there were something like a step slow down at each high it enters. Bitcoin market isn't as sweet sailing as the diagram, we move up and down getting to an all time low whenever has never hindered Bitcoin growth from making new ATH, at each DIP we take the market eventually comes back with a new price mark something that is mostly lacked in majority of the Altcoins being released in the market.

The Altcoin market is no joke for beginners, staying safe from this shit project isn't something that may require being a professional, sometimes people make those mistakes (unintentionally) and share so others should not fail again, experience shouldn't always be the teacher certain guides have been discussed and i expect not just newbies but one to take notice even as a reminder to the experts here.

Realistically buying and holding of Bitcoin without ranging to sell in a quick period of time is the only avenue that gives investors opportunities to sell at profits because the volatility races of Bitcoin can be unpredictable which means the market movements does not produce profitable opportunities at all times.

Actually investors does not gaze on buying and targeting to sell so soon as assets their holding is which means it need time for it to gain markets profitable values while traders can always buy and sell at any moment but on high risk of lost but hope to make profit.

I have invested in Bitcoin. I have invested shitcoins.
But I choose bitcoin every f7cking time.

---

In the world of today where greed pumps the green candles and then once the real dealers take profit the rest of the people goes out with red in their hands.

Bitcoin is nothing similar to any shitcoins even though it has been grouped under the same category to be named cryptocurrency it differs from the shits that fly around.

Bitcoin came into existence with a cause (2007-2008) world financial crisis. Name one coin that was created to solved world financial problems except for monero which is a core privacy coin.

Bitcoin is very different from every other crypto currency in the market and that is basically the reason why it earned the nickname ; Digital Gold . Volatility is one major similarity between all crypto currencies except for the stable coins in context. Now bitcoin actually expresses what I basically like to call positive volatility which simply means that even if it's price isn't stable it still ends up appreciating over time.

One major thing that most coins unlike bitcoin lack is actually core adoption. You find out that almost and if not all coins these days that are launched really don't have a core reason or drive it's basically all just a profit aimed scheme and that's the reason they follow the repeating pattern of pump and dump.

Doing a very good research should be a must for everyone but I have noticed some characters amongst those new guys coming into Crypto-currency, they are always on a mission, to be more elaborate, new members in crypto-currency right now are on a mission in the sense that they have been told about a particular coin that is going to make them millions and they come in without any research and jump on It. It's sick how some one would take another person's financial advice without researching.

There is something called as Smart DCA, but it's not for everyone. With newbies in Bitcoin market, if they want to use Smart DCA, they will fall to predict the market, find bottoms and tops for best entries and exits. It will not help finding better entries, but only make them missing many good entries.

I share this thread for reading, not to recommend applying this method to newbies.

DCA vs Smart DCA, what do you choose?

Chasing shitcoins like chasing hidden gems with many people and they think it is profitable and worthy to do. With their money, chasing time, bets on shitcoins, they will learn lessons that are not happy at the end with losses.

The thing is, you can't even reliably predict when those big green candlesticks will occur, so what it leads to is you trying to "DCA" your way into the green position, or you try to invest all at once with leverage and with a limited time-frame looking for the candlestick that may never occur.

That's why you don't chase shitcoins. It's basically only for degens with loads of money they don't mind losing.

This is true. It's very simple and doesn't need a genius brain to understand what's with Bitcoin and what everyone has got with the altcoins (memecoins, shitcoins).

It's very important to understand how this game works for everybody. While we're long term, we understand how valuable it is to just stick to Bitcoin and doesn't need any more time in looking for the "gems" that people are looking for because we've already found it.

Many traders or investors most especially the newbies are hooked to the culture of getting into memecoins and the trend that it's being made because of quick cash that they can get but many of them are going to lose money without understanding how rapid this market is for them.

This graph you created here is so illustrative. Good job, op!
I've always viewed shitcoins as something that was created for those individuals who are very desperate to make quick cash and it's easy to get attracted by this because of it's temporary promise of wealth by it's developers and hence investors easily swoop in with huge amount of capital but forget that these shitcoins have more disadvantages than it has advantages.
 
Yes, business is risk, but there are some that are quite stupid and being hasty to be on every shit project that surfaces without making proper research is regarded as a stupid move.

Bitcoin chart https://charts.bitbo.io/yearly-candles/

Altcoin charts are mostly down because most of altcoins are degen altcoins.
Two types of altcoins. The first chart is for degen altcoins and unfortunately most of altcoins are degenerators.
The graphic chart in OP is more like a chart for scam pump and dump altcoins, that is the worst. Degenerator altcoins have dead cat bounces but with time, you lose money.

The graphic explains a lot. People are set up to fall for the hype and FOMO in and create liquidity for those that want to exit.

You are sold the impression that a lot of money is being made and the green candle sticks trend, while the loses do not. It is a cash and grab industry, which can be profitable, but more often than not, will lead to losses.

Do your own research.

- Jay -

    When detaching factual from so called fiction
After seeing this 2 graphics I smiled at one, however from my own understanding  and the knowledge I have acquired so far here in bitcoin forum, I decided to break it down for some newbies to gain more knowledge too.
From merely looking at the first graphic, it drew my attention to HODL( Hold On For Dear Life) and illegal bump and dump.
>>Investors always believed on long time investment regardless of market volatility, despite the fact that bitcoin price fluctuates generally, they still hold onto their bitcoin assets for a long period of term because investors believed that over time bitcoin prices will rise, in addition investors don't normally purchases bitcoin and be trading or selling, they buy it and hold onto it.....so as an upcoming investor, patience,time and endurance is needed.
>>As a newbie, who have good intentions towards investments, I would advise you to go for your own researches, don't fall into any victim of bump and dump scheme, because you will lose massively when you follow fake or false Informations....be at alert of many scammers.
>>this second graphic explained about investors who fell into a victim of a scammers or investors of failed coins, 'if you aren't Informed you will be deform', it very important to always put it in mind that investing in ryptocurrencies deals with risks.

What's your thought about these my good members of this community?
corrections are highly accepted.