Topic: How to deal with shitcoiners without being harsh about reality. - page 3. (Read 428 times)

You could always find a top 10 list from a few years ago when things looked a lot different and see how comfortable they are with their investments then.

You could show them what happened in the months after eth went to 0.1 last time (a few years ago, perhaps before or around 2017).

I feel eth and a lot of the eth based alts are well overvalued and I don't know why devs had an obsession with making so many alt chains of one coin. There are altcoins, though, where this is the case that seem to have a large and thriving developer community so you might want to consider that too (shorter term holdings are a lot safer but still risky).

I'd say "it's up to you and your altcoin", just show how much bitcoin market cap is right now how people value bitcoin so much over alts. Of the millions of bitcoin holders in the world, are 1000 of them not have a more smarter way of thinking than your online friend and how can they give bitcoin a value?

Definitely nothing wrong with that. It's just that your friends are probably adults, and are responsible for their decisions. Props to you for making attempts for talking them out of a potentially bad trade/investment. But then again — their money, their decisions.

YES I WANT TO CONVINCE MY FRIENDS NOT TO GET SCAMMED
WHAT ABOUT THAT IS WRONG?

Frankly, I already answered your question.


From what I've observed with your posts though, it's not necessarily that you want to voice your opinion — because there's definitely nothing wrong with that, and it looks like you've already tried talking your friend out of holding alts. It's just that you want to convince your friend to change his/her mind.

Right your point is still completely missing the point, which is that I did not ask and DO NOT CARE if you think I SHOULD or SHOULD NOT voice my opinion to my friends. I will do so. The question is HOW? If you cannot answer that then just shutup. The followup question for anyone who might care to actually provide a proper response, is if it is important to be nice to people who are not my friends about this issue. Is it important to set a reputation as a calm collected Bitcoiner or is it all just anarchy and should I instill the fear of Bitcoin into those who dare misjudge the power that they bestow in me?

I never said that altcoins were the right play for everyone(or that your friend made the right decision for holding alts), because I also think that just holding BTC is the better option in a r/r basis for 95% of people. My point was just that it's not up to you what your friend wants to buy, even if you extremely disagree with his/her opinions.

Alt-coins historically get MEGA outperformed by Bitcoin, I have dealt with TONS of alt-coins and so far it caused me to miss out on roughly 2k worth of value I would have achieved if I would have just held bitcoin. There is no worth to fragmenting people into these pieces of shit. You clearly just skipped all of the details I listed about WHY it's important.

You don't even need to try so hard. Just politely tell them why you think what they're doing is a bad idea, and if they don't listen, then let them be. It's their money not yours. You don't necessarily need to force your opinions down their throats.

If they ended up being wrong, then good because they learned a valuable lesson. The last thing you'd want is them actually picking the right altcoins (though unlikely) that would've performed really well but they missed out just because you forced them to go with BTC.

[context: I started out WAY too open minded about crypto shitcoins and now I feel like I am trapped in shitcoin hell and everyone around me is also]

I am in a difficult position. I feel more or less mentally scammed by tons of shitcoin producers in the space, there are some that are just putrid garbage like ICP which I was stupid enough to buy at one point.
There are things that seem to look like ponzi-schemes made BY ponzi-schemers FOR ponzi-schemers aka Hex token.
There are "DAOs" who instead of being decentralized are ran by like 5 dudes, one of which is Omar Danani who rugpulled peoples life savings off QuadrigaCX and was imprisoned for it aka Wonderland.
The spectrum goes on though and you get to the "Top 10" stuff like polkadot, cardano, ethereum, etc...
Now you can say "sir you are a moron for even thinking about touching that garbage" and you would be technically correct, however I have become aware that the situation being revealed to me is much deeper than how it affected me in the past, and actually is a systemic risk for how it will affect other people in the future.
I for the most part have realized this risk in my own portfolio recently following FTX, I am committed now more than I ever have been to Bitcoin.
However many of my friends are pretty firmly caught in the idea that their shitcoin is going to somehow outperform bitcoin. There is of course nuance to this but for this matter we will leave it at that. Most of them are exposed to bitcoin in some way but (rather delusionally) proclaim that the specific project THEY are following will beat Bitcoin in some shape or form. Not to mention some of these are not even the "Top 10" for which I will specifically get into later. I don't know exactly how to NICELY tell my friends they are being delusional. How can I do this?
More recently I discovered that an online friend/co-worker, whom I don't know and just do some dev work for, is not only delusional about their favorite shitcoin but they think that Bitcoin has NO value...
You read that right, someone who likes ETHEREUM thinks bitcoin has no value, I mean is that just the pinnacle of delusion or what? The bloated software that desperately copied things from Bitcoin would make Bitcoin have no value...
Seriously that is what he claims to believe. It should come at no surprise that this guy literally cannot develop hello world in python if I gave him an hour to do so. He is not a developer yet he wants to make outrageous claims about the value of Bitcoin, it makes me sad honestly to see this level of delusion.
Because of this I feel compelled to IMMEDIATELY disconnect myself from any thing to do with this guy, he is not my friend so I don't really care about what he thinks about my opinion. But I do wonder, is it important for me to make a calm collected statement to him (and potentially a bunch of other shitcoiners) about the value of bitcoin and why it is important? Or will my efforts just go wasted, I am honestly tired of fighting for it and having people ignore what I say so I really would value peoples input on that.
These "Top 10" proof of stake bullshit coins are probably the worst of the worst, they not only take every opportunity to (without evidence) make claims that they are better in x way than bitcoin. Meanwhile they enforce ofac censorship: https://www.mevwatch.info/ (60 - 90% of the network already enforcing it). Spend tons of pre-mined money on social media campaigns to lie about their level of decentralization: IOHK making posts claiming to be 100% decentralized (context: the founder of cardano claiming that Cardano is decentralized, like satoshi nakomoto sticking around for 20 years putting his name on everything bitcoin selling tons of bitcoin and claiming it is decentralized) [ https://heraldsheets.com/cardano-ada-is-now-100-decentralized/ ] They also kiss up to the SEC[ https://www.forbes.com/sites/stevenehrlich/2022/11/08/crypto-project-polkadots-three-year-engagement-with-the-sec-leaves-it-in-regulatory-limbo/?sh=5671b45cccf1 ] and PROBABLY (be honest with yourself) bribe those guys.
So let me know how I should deal with the several shitcoin-addicts in my life.
-recoveringShitcoinAddict / Bitcoin-most-imalist