Topic: Buy the DIP, and HODL! - page 167. (Read 109237 times)

Shitcoins diverting the attention of people then they promise something unrealistic which the only owners of those project will benefit that's why its really a bad choice if people will look at it as part of their investment since instead they can maximize their investment in bitcoin they come up short its because they lose a large part of their capital on those shitcoins which main intention is to scam people.

I know that its good to have multiple income streams but this discussion is different if you go on a altcoin that give you more huge chance to lose. That's why we need to think more smarter on this so that we can avoid those costly mistake and can make sure that our bitcoin volume will grow more since this could give us more good result. Bitcoin will surely be the number one favorite since this coin only show realistic growth and the potential to grow is so huge.

Yea, we know that bitcoin was valueless when it was created but due to its purpose of creation, which was design to end the intermidiation of a middle man in transaction using p2p due to its decentralized nature give it more potentials not to be a shitcoin. You don't also understand why it is call shitcoin. Those shot coins were developed for selfish interest, and to make money by the dev, and not to solve any problem. Bitcoin was created to solve major problems like privacy, having freedom over your funds by being your own bank. Many coins after bitcoin have crashed and we will still see many more that will crash. So it is not about that they are new and will also have strong back ground like bitcoin. The question is that, what problem do they solve that will make people need a high demand of shitcoins. They are just same thing like gambling, because the dev pump the price and when people invest with huge amount and when they see the profit, they rug pull you. Have you asked yourself what is so special about bitcoin, and why is it that those shitcoins cannot survive on their own but always allow bitcoin to control them.

Those shitcoins are duplicate of bitcoin, and that is why they are not real and will not survive the market for long because the dev is a copy cat. Ever since history of cryptocurrency, it has been confirmed that only bitcoin can be trusted, because the network is an open source in which anyone can contribute to the security and growth of the network, but those shitcoins that came out after bitcoin made  lot of investors to lose their money, and they never gained value but instead they crashed. Are you not seeing the high level of inflation that is making fiat to depreciates, but bitcoin price keeps increasing overtime, showing that it is an edge to inflation. Only the decentralized nature of bitcoin is enough to make it the superior to altcoins. Anything centralized is prone to manipulation, because human beings are greedy. Wake up mate, and learn more on bitcoin, because it has being existing and the rate of adoption is increasing, and so with the value to sure that it has come to stay as a good investment. Just the way that you cannot compare gold to any metal, that is how you should never compare bitcoin to shitcoins.

If I am asked, shit coin or no shit coin. I believe bitcoin didn't start were it is today, by implications it was more or less a shit coin back in the days therfore so far as crypto or digital currency exists and continues to be, other existing crypto has a chance even those that haven't been made..

No matter how someone tries to sugar coat a talk about altcoins or trying to place them as a potential investable asset, it's bullshit cause they all fall under the same unpredictability and has a lot of risk associated with them and remains a shitcoins, everything that is not bitcoin should be kept off this thread cause we not into such discussions here and our main goal and focus in on how to better our bitcoin accumulation journey and hold bitcoin.

Introducing ideas of shitcoin can cause a whole lot of trouble than you can imagine, you don't know which newbie relies on this thread for information and at this point you could put in his mind ideas that are not supposed to be their, we have talked about accepting responsibility to insure that each of ourselves give the right and quality information on this thread and that is something we must adhere to.

Frankly speaking we all know that there is a lot of risk associated with shitcoins and their shiny counterparts that people often try to compare or relate with bitcoin, as we have seen and witnessed so many times when many altcoins projects failed and even good once or those we saw as an exception like tera luna and ftx and even so many more, so with this, it's so clear that any discussion about shitcoin is misleading since we can't actually predict which is good and bad, so for our own safety we put them all into the category of shitcoin.

Actually just like @JayJuanGee mention we should abstain from always talking about shitcoins is goes contrary to the reason of this thread because lately shitcoins discussion has been diverting so many people attention from what was supposed to be the main reason why we are all here in this thread however reasoning in different perspective even if we should talk about shitcoins there is nothing good will come out of it instead it will loses, so it will be very good for us to focus on the reason of this thread because Bitcoin is actually one of the best thing in terms of investment that has ever happened to me so it will always remain my favorite and I will keep accumulating and holding with the believe that the future will be worth holding.

It doesn't make any sense to come up with discussion about shitcoins where bitcoin is being discussed. Their is nothing to compare shitcoin with bitcoin. Shitcoins should be discussed in a place that is meant to talk about shitcoins.  Bitcoin remains the king of every other cryptocurrencies,  it is the reason why we have all shitcoins in the market. People go for shitcoins to try their luck to make quick money, they just take the risk.

Shitcoins should not be taking serious because it can dissapoint one at anytime,  all these coins are looking up to bitcoin right from when they where created now. Bitcoin the remains the main thing and the talk for everyday.

Maybe just misinform since there's a lot of deceiving attempts made by a lot of people trying to influence those newbie investor and give them some hope that they can earn easy money by investing on meme coins or other risky altcoins. We can see a lot of people flexing their short term gain in those platform but people didn't try to check if those profit is really sustainable. Also for sure before other people earn on those shitcoins they also lose a lot and if they count provably that there lose is way more larger than what they gain that's why its just a pure waste of time for investing on it since its like they are just deceiving their selves and create some illusion that actually didn't give them benefit in long run.

That's why if they really want to get a real profit the best option is to invest with bitcoin for long term since this will give us more realistic gains and we can always see the real effect since statistic each year don't lie which it gives good result for its long term holder.

Those currently hoarding Bitcoin have built a tiered ladder for the future. Because it's possible to reach such a high level with Bitcoin, Altcoin hoarders are essentially living in a fool's paradise. So it is enough to accumulate bitcoins to realize yourself on the right path and correctly, those who are not ready to accumulate bitcoins can gradually adopt the DCA method to accumulate only bitcoins. So if any person here wants to collect bitcoins in any way then surely these suggestions will be useful for them.

Precisely. Misinformation is actually worse than uninformation as those that are misinformed usually want to, try to, strive to defend their cause. Trying to make shitcoins not sound so bad. And I'm careful, as most people that refer to shitcoins as 'altcoins' may be in the category. Infact Bitcoin are all Bitcoin wannabes, but in reality, they are quite the opposite. Shit that's what they are. We can go on an on dragging them down, but I prefer to talk about accumulating Bitcoin and all the possibility it pulls along with it.

Anyone that think that in the crypto industry, their is an alternative to Bitcoin is just making a fool of himself, because too me, is either he or she is misinformed or uninformed, because if you look at the historical price performance of Bitcoin, you will know that it always rally back even when it's going through some rough path.

But with shit coin? Their are so many red flag attached to it that will make no inform person even have a second thought on gambling on  it, because that's what it is, investing in shit coin is just gambling, something that falls more than it rise, and when it falls, their is a 98% chances of it not getting back to it previous value again, that's why it really pissed me off when I see someone is talking about diversification in the crypto industry, As if their is anything like Bitcoin in the crypto space.

I think the best thing to do is to determine your own dip percentage, that you will like to see in the market, before any dip happens. The level of dip you want to see before you engage in market, let's say you want to see 10% dip from the market before buying, all you have to do is calculate the price that bitcoin will be when it ships 10%. When you have gotten the price, you go to your exchange and set a buy order and leave it. If bitcoin dip to that price range your order will execute. This will help you not to be confused as you have already determined before time the level of dip that will be okay for you to engage. If it dip further after your order has been filled, it's no longer your business, as you have achieved your target that was set before time. If it didn't dip to the level you were expecting, you have nothing to lose, you just continue with your routine DCA. But for me I think it's important to know the % dip you are expecting to be able to utilize the opportunity when it comes.

You are new here and you seem to understand how bitcoin is positioned in our eyes and how we value altcoins, also you understand DCA well it seems, I would be interested in how you use the DCA Strategy in your bitcoin investment so far? what value do you use and how long will you do DCA until your bitcoin accumulation target is reached for your investment, is it based on the target number of bitcoins or the number of dollars you collect in bitcoin as a catalyst for your investment in bitcoin?

I don't see you as a beginner here because I see that you dare to suggest and be assertive about what is wrong and right in our average view here. Maybe yes or no, who knows!

Seriously,  shitcoins shouldn't even be put next to Bitcoin. Because, what for? Bitcoin is an investment, and shitcoins are simply means to lose money. Please, let's minimize how we talk about shit here. Unless we're making references, to promote Bitcoin. Because that's what this thread is about.

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We really do need that button.😂

Period. If you are really impatient to lose money, just invest in shitcoins. Most times people try to soften the tone, and call them altcoins, but let's be realistic. They're shit. All of them. Every single one of them. I said it.



It's dumb, wringing positivity out of shitcoins. They do that just because they have holdings in shitcoins and want to justify themselves and feel good and alright about having made investment in gambling.

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One of the times you take the thoughts outta my head . Shit is shit, that is universal. Nobody cares which one is less of a shit. Infact  Bitcoin has no alternative. Crypto is Bitcoin.
I'm sick of hearing people subtly preach shitcoins and whatever else related to it. Trying to defend the shitcoin you have invested in, and how it's better than the next. They're shit. That's all there is to it. And if after all the information, and expertise that people on this forum are fortunate enough to be exposed to, they still do shitcoin, they're almost beyond help and aren't really listening in.
Shitcoins aren't welcomed here.

Exactly the point I was going to raise. This is a Bitcoin forum, buy the dip and HODL. Specifically talking about Bitcoin accumulation. We don't need some confused people coming to advertise shitcoin here. They should take this somewhere else, maybe like the altcoins section or something. Personally speaking, I'm fed up with hearing about shitcoins in this thread. Makes me wonder what the fuck is actually going on. Some people come here to talk about their shitcoin holdings which I find both annoying, replusuve and funny.
I think we really need a 'fuck off' button. Or an off topic flag kind of thing on here 😂. It also pains me that anyone would see any other coin as a Bitcoin alternative

All coins except bitcoin are sit coins and are called gambling coins. An investor needs to have a proper understanding of why he should invest in bitcoins and why not in gambling coins. It is easy to guess that those who are new to this thread may not have a good idea of what Bitcoin actually is when they often discuss shitcoins. While many investors are very bullish on some of the shit coins, they can make a number of arguments. However, there is no coin in cryptocurrency that compares to Bitcoin. An investor can turn Bitcoin into an asset by holding it for the long term. And those who invest in Shit Coins may be exposed to scams in the long run. What does an investor expect long term? Of course, he doesn't want to lose his hard-earned money in any gambling. So there is no alternative to Bitcoin in terms of investment if he expects a good return or assets in the long term.

Yeah , you have made reference to this countless times, that one should only think of withdrawing (or should I say take profits) when they have gotten to their accumulation goal (point of having enough Bitcoin in your portfolio) , without having the attempt of selling all their investment (bitcoin). You also made some clarity that , selling all your investment even when you have gotten to your accummulation goal is not encouraging , instead you take some profits from it while one continue with his holdings. You may find this more helpful when you have gotten to such point in your Bitcoin accumulation JJG Sustainable Bitcoin Withdrawal Strategy  


Well you are right , there's no need of Talking about shitcoins in this thread. Because talking about it here is like posting off-topic, because the purpose of this thread is to discuss about Bitcoin accumulation and also how to secure a smooth long-term holding of Bitcoin with the help of good knowledgeable users . Alot of newbies may keep on bringing some shitcoins shit to this thread , due to not having proper knowledge about Bitcoin. That's why we are always here to put them in the right track , but not to mislead them (with investing in some certain shitcoins ) but rather investing in bitcoin .

once you start to time the market at the phase of building your portfolio, you will have issues buying much Bitcoin. Sometimes we get it all mixed up and think that if we're able to time the market and buy when the market is at the dip, then we're smart and that it's the surest way to make more profit from Bitcoin. What most of them forget is that you can't be too sure of what the price of Bitcoin will be while waiting for it to go more bearish you will be in a better position to buy. Let's say you Bitcoin at $62k yesterday and you have the resource to buy at that price but because you feel it should go down the more maybe to $60k before buying, it lead you to procrastinate and then you're seeing that Bitcoin is now at $66k and you're now confused if you should buy at that price or if you should wait much longer for it to dip back so you can finally buy and then you have to wait and then Bitcoin starts going more bullish which only leaves you with regret that doesn't translate to increasing the strength of your portfolio.

Once you're able to leave your emotions out of play and you're able to consistently DCA till you're probably at 50% of the goal you wish to attain, at that stage, you should have been psychological matured enough to make plans that will aid you to buy during the DIP. The more quantity of Bitcoin you have, the easier it is to think on changing your accumulation pattern and maybe add up other accumulation methods that will all work together with your DCA methord to increase the worth of your portfolio. And for newbies and individual that haven't built up a strong portfolio, timing the market for the purpose of buying only during the dips is a major distraction that will only slow down ones accumulation plan.

You might be right because some newbies could be susceptible to panic and anxiety. But the point of buying the DIP, and looking for market discounts is to get more units in Bitcoin in your wallet. You don't have to "time the market" and get the bottom of the DIP. Merely placing a bid while it's DIPPing from the previous price will be enough in my opinion. If you can purchase it lower, then OK, you got more units denominated in Bitcoin.

Perfectly said @JayjuanGee, I think we really need to adjust on how we talk about shitcoins and other coin in this thread because the may reason of this thread is to discuss about Bitcoin and how we can be able to accumulate Bitcoin and not any other shitcoins, so I see know reason why will should leave to discuss about Bitcoin in this thread and be discussing another coin that will not add any value to our discussion.

Fuck shitcoins.  There is no reason to talk about them in this thread unless you are going to denigrate them or just mention some aspect of them in passing. Otherwise, any kind of potential positive talk about shitcoins is distracting and merely leads to attempting to explain which shitcoin is less shitty which is not this topic... It is a distraction from our topic...

Another thing is that this is not the anything you invest in topic to make your MOAR richer.. fuck that nonsense. and take it somewhere else and try to focus on the topic, which is bitcoin and the ways to accumulate bitcoin.. That seems to be a BIG enough topic, already.


Wow if you are picking out some other shitcoins, then it appears that you are trying to pump which shitcoins happen to be less shitty (and your choice of less shitty coins happens to be ethereum and BNB), so where does that lead us.. It leads us to being off topic and talking about irrelevant bullshit of whatever thousands of potential other shitcoins... 

Ain't nobody got time for that.


It does not matter.  There is no need to bring them up, unless you want to denigrate them. .. No need to say that they should be part of anybody's investment.. Talking about shitcoins, especially in an attempt to spin something positive about them remains a slippery slope.

You can do what you like, but there is no reason that any of us should want to listen to any bullshit about which shitcoins any other member believes is less shitty.. and it is especially distracting to mention something like ethereum that so many try to compare to bitcoin as if it were similar .. fuck ethereum  and fuck, other shitcoins.  You can talk about that bullshit in some other thread. .This is not the bitcoin and also ethereum as second best thread.. that is retarded to even allow that.. without pushing back on any member trying to argue to include any of that crap in this thread.


At least you prioritize bitcoin.. that is a good thing.. .yet I still doubt that there is any need to talk about any shitcoins unless you have a specific reason for doing so.. such as something that does not make it seem like you are pumping them..

I feel bad that sometimes I talk about selling in this thread.... but I try to make it clear, that guys need to get to a certain stage of accumulation before they start to consider selling techniques as part of their bitcoin strategy.. so really selling comes after having had already reached various accumulation levels, and so in this thread we should be trying to mostly focus on buying and accumulating rather than anything related to selling, trading and even shitcoins.. shitcoins like fit within a trading and/or gambling strategy, and sure maybe they might be mentioned as something that people do, but it is not helpful to be getting into discussions of those kinds of things in this thread.


You might have had good intentions.. but I still think it is problematic to talk positively about any shitcoins within bitcoin threads.  People still do it, and I applaud anyone who tells them to fuck off with their shitcoin talk..  There are a lot of non-bitcoin threads or even mainstream places where you can compare and contrast shitcoins with bitcoin.. so many times in this forum, the bitcoin threads should not tolerate any kind of talk about shitcoins, especially when the tone might be ambiguous in regards if you might be recommending to have them in your investment portfolio.. Fuck shitcoins.