Topic: [Interviews] with Bitcointalk members - page 3. (Read 30584 times)

So you were attracted by the merits given to some of the users that's participated, well am sorry to burst your bubble as most of the users that participated only shared there insight on their experience they have in them being in the crypto space for as long as they have stayed here.

If you did this out of merits then you won't actually get any and this type of act in the forum is called merits fishing and imagine if the fishes actually knew you were coming to catch them, you and I know you won't catch any.

Questions & Answers;
1. When and why did you become interested in cryptocurrencies?

Ans; I think earlier this year.

2. When and why did you buy your first bitcoin?

Ans; haven't bought yet.

3. How did you get on the forum?

Ans; my cousin introduced it to me.

4.1. How do you consider whether 2-3 years of experience in cryptocurrency is enough to successfully invest or does an investor need to receive special education?

Ans; I'd say no matter how far am investor have gone in cryptocurrence he/she still have more to learn.

4.2. What prevents mass adoption of cryptocurrencies?

Ans; ??

4.3. What is the situation with cryptocurrencies in your country? Are there any problems when exchanging for fiat? Which city or place in your country is best suited for cryptocurrency holders?

Ans; is not really acceptable in my country, not sure if exchanging gives any problem.

4.4. Are you using the Lightning network? If yes, for what purposes?

Ans; none for now.

4.5. Which secure cryptocurrency wallets are you currently using?

Ans; I'm still new on this so haven't gotten any wallet yet.

5. What do you think of the current Merit system and signature campaigns?  Do they harm the forum?

Ans; merit system is just not too clear to me yet, as you can see I only have 1😁 so I have to spend more time to understand how it works, can't say much on the signature campaign too.

6. The most useful forum topic? Most helpful users?

Ans; still haven't seen any yet but I think we have better topics, if I spend time here I might see more.
Most helpful users, hmm I only have one for now and that's CryptopreneurBrainBoss

7. 3 things you would implement on the forum?

Ans; I don't have 3 but I'll say let every members both new and old be treated equally. That's my take.

8. Do you trade on exchanges or invest in projects?

Ans; none for now.

9. Tell a story about your big profit or big loss?

Ans; no story to tell yet.

10. What do you think about the DEFI ecosystem?

Ans; ??

11. Is your anonymity a vital necessity or precaution?

Ans; is a vital necessity.

12. The last cryptocurrency book you read?

Ans; non

13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years?

Ans; bitcoin all the way.

14. How much will Bitcoin cost at the end of 2023?

Ans; higher than what we're seeing now, $65.

Thanks for letting me in Zasad

Got it.. I only cared to participate as I saw someone got some merits when he did otherwise I wouldn't haven't bothered to do so

Lol , nice opinions @CryptpHFs you have frequently expressed your self and I know you will like to participate on interviews, you said your point this way because you failed to understand that the OP must give you carry-on (permission) and questions before you can participate on the interview, if the question are been asked like you mentioned the thread or the interview will be over over populated and some will not follow the rules, @op should continue like this.

Thanks hafiz

1. When and why did you become interested in cryptocurrencies?
2015, because someone who knows a 'hacker' he said. That butcoin will reach $5000 which was something huge back then
2. When and why did you buy your first bitcoin?
Same answer of 1
3. How did you get on the forum?
When I wanted to know who is Satoshi I got led to here through searching
4.1. How do you consider whether 2-3 years of experience in cryptocurrency is enough to successfully invest or does an investor need to receive special education?
A 0 years experience is fine as you only need to believe in btc then hodl it you don't need any other skills
4.2. What prevents mass adoption of cryptocurrencies?
The cashout system. You still need to declare and pay taxes
4.3. What is the situation with cryptocurrencies in your country? Are there any problems when exchanging for fiat? Which city or place in your country is best suited for cryptocurrency holders?
Good, no issues, everywhere literally is a good place
4.4. Are you using the Lightning network? If yes, for what purposes?
I tested it and it looks cool and good in high fees time
4.5. Which secure cryptocurrency wallets are you currently using?
Trustwallet and it's not secure, lol
5. What do you think of the current Merit system and signature campaigns?  Do they harm the forum?
Kinda but I don't care
6. The most useful forum topic? Most helpful users?
I can't mention the best topic but users, willi, DaveF, Phil, Mikey, there are a look of useful users here, loycev for sure
7. 3 things you would implement on the forum?
As it lived until now then there's nothing I can add
8. Do you trade on exchanges or invest in projects?
Yes
9. Tell a story about your big profit or big loss?
Trust no one
10. What do you think about the DEFI ecosystem?
Peice of shit
11. Is your anonymity a vital necessity or precaution?
I don't care about being anonymous
12. The last cryptocurrency book you read?
Nothing
13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years?
Aptos, dot, firo and btc
14. How much will Bitcoin cost at the end of 2023?
Lower than current price 30k
15. P.S. (Optional)

This is a good idea first you can send a PM to @zasad@ and he will give all questions for you and I will give you all questions if it is not okay then I will delete this post.

Questions:

1. When and why did you become interested in cryptocurrencies?
2. When and why did you buy your first bitcoin?
3. How did you get on the forum?
4.1. How do you consider whether 2-3 years of experience in cryptocurrency is enough to successfully invest or does an investor need to receive special education?
4.2. What prevents mass adoption of cryptocurrencies?
4.3. What is the situation with cryptocurrencies in your country? Are there any problems when exchanging for fiat? Which city or place in your country is best suited for cryptocurrency holders?
4.4. Are you using the Lightning network? If yes, for what purposes?
4.5. Which secure cryptocurrency wallets are you currently using?
5. What do you think of the current Merit system and signature campaigns?  Do they harm the forum?
6. The most useful forum topic? Most helpful users?
7. 3 things you would implement on the forum?
8. Do you trade on exchanges or invest in projects?
9. Tell a story about your big profit or big loss?
10. What do you think about the DEFI ecosystem?
11. Is your anonymity a vital necessity or precaution?
12. The last cryptocurrency book you read?
13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years?
14. How much will Bitcoin cost at the end of 2023?
15. P.S. (Optional)

Good luck Friend 

Somebody needs to post the questions template without the answers for easier copy paste

I came to know about crpytocurrency 2020 but I never add the knowledge of it so I thought that it is a ponzi scheme that will come and go like shitcoins because I had a friend who bought some shitcoins and got scammed,I didn't know that there is an outstanding one like bitcoin not after I was taught by a friend. I became interested in crpytocurrency because I love the concept that it is a digital currency and is very easy to keep them without anyone knowing around you that you have such assets.

I bought my first bitcoin from a friend but I got scammed by allowing him to create a wallet for me and he used my seed phrase to steal my bitcoin. Although,it was $85 worth of btc. I didn't ever believed that he could do such thing. It was January 19th when I became a member of this forum that after reading people contributions,that I realized that my bitcoin disappeared from my wallet was his doings. At February this year I bought a reasonable amount of bitcoin and I am happy with the price of bitcoin presently. Then way back I bought my first bitcoin to make profit from it but in February I bought bitcoin to hold for long term. Also to use it as a store of value since our local fiat currency is depreciating. If I convert my fiat to bitcoin I believe that the value might increase after some years.

I got here through a friend I met just once at the cinema. He told me that I can have a better understanding of bitcoin and its blockchain network if I become a member of this forum,which is true.

 An investor can have the experience on crpytocurrency investment within some few months and some within the duration of years that you mentioned. It all depends on the investor commitment and seriousness on learning. We have slow learners and fast learners,but for a lame man I think 6 months is enough for him to learn whatever it takes to successfully invest in crypto. I don't think that a special education is needed for anyone to understand how to successfully invest in crpytocurrency.

Actually some people lack to understand the best crpytocurrency to invest in and they end up falling for some valueless shitcoins which make them feel that crpytocurrency is a scam project.
-FUD from influencers on social media is something that can make people run away from crpytocurrency.
-Government can also play a major role,if they ban crpytocurrency in most countries,we have seen such suitaution in China before the ban was uplifted recently.

Are there any problems when exchanging for fiat? Which city or place in your country is best suited for cryptocurrency holders?
~ My country has crypto users but they are using it on a low key because crpytocurrency is banned by the government in my country
~ No I don't think that anybody should have a problem to convert crpytocurrency to fiat because there are so many centralized exchanges that render that service by using their centralized p2p method and pay into any bank account of your choice.
~ I don't know yet since crpytocurrency is illegal in my country and every users is doing it secretly to avoid problems from the government.

 Not yet but I have plans to start using it soon.

 I am using electrum wallet with LN
~ The current merit system is satisfying because it serves as a motivator for you to continue with your post quality. Signature campaigns are rewards for your hard work on the forum.
~ No I don't think that they will harm the forum.

~ Buy the Dip,and HODLi
~ Most helpful users are Fillippone,o_e_l_e_o,Ratimov and JayJuanGee

I am still learning about the forum about haven't seen anything yet to implement.

I don't trade,I only invested on bitcoin for a long term.
I don't have any big profit yet,maybe after when the bull run comes,I can have a story to tell on this. For loss,like I said earlier,my friend me of $85 bitcoin which he sold to me then but it is a very small amount,though assuming I still ha e those bitcoins in my wallet it would have increased to a good amount.

It's fine but sometimes you can get scammed.

My anonymity is a vital necessity to me.

I haven't read any book on crpytocurrency but I have read so many articles online on crpytocurrency.

I only trust bitcoin and nothing more.

With the recent increase in price of bitcoin and since the halving is closer,I will say 60k.

Oya okay... Yes.. Yes... Okay... Have you ever learned to simplify writing? I admit what you do is amazing. At least writing a lot of words it takes time. I hope no one interviews you, or it's a nightmare because I can't imagine how many words you will write. Maybe I didn't even imagine it when I was sleeping

Hi, Thanks a lot zasad@ for giving me this opportunity to participate in this interview

1. When and why did you become interested in cryptocurrencies?
At my University one of my professors give a lecture on the Cryptocurrency famous Bitcoin which is a digital asset and popular coin later on everyone on social media talking about Bitcoin that why I am interested in cryptocurrency and start learning it by reading books and watching Video on Youtube and then also joined this forum that helps me a lot to learning about cryptocurrencies.

2. When and why did you buy your first Bitcoin?
My first investment is 200$ in Bitcoin when its price was fluctuating between $19 to $21k that time I decided to make a long-term spot trade in Binance

3. How did you get on the forum?
I get on this from a friend who introduced me because I wanted to make se money from the internet and was also interested in Bitcoin trading and learning

4.1. How do you consider whether 2-3 years of experience in cryptocurrency is enough to successfully invest or does an investor need to receive special education?
While having 2 to 3 years of expertise with cryptocurrencies is beneficial successful investing requires consistent education. The market dynamism necessitates remaining current with trends and innovations. Investors with specialised education are equipped with the essential skills like DCA and risk-management techniques. Decision-making skills are improved when practical experience is linked with an attitude of constant learning. To succeed in the world of finance one must have experience as well as continual education in the ever changing cryptocurrency field.

4.2. What prevents the mass adoption of cryptocurrencies?
I think Education is the key factor in understanding cryptocurrency Also Scalability and transaction speed need to improve for the mass adoption of cryptocurrencies

4.3. What is the situation with cryptocurrencies in your country? Are there any problems when exchanging for fiat? Which city or place in your country is best suited for cryptocurrency holders?
In my country, Pakistan cryptocurrency is not allowed however people doing trading. there is no major problem exchanging for fiat since there is the P2P Buy and sale System.

4.4. Are you using the Lightning network? If yes, for what purposes?
No

4.5. Which secure cryptocurrency wallets are you currently using?
I'm using Trust Wallet because it is decentralized and Safe.

5. What do you think of the current Merit system and signature campaigns?  Do they harm the forum?

The merit system and Signature are one of the things that add value and make meaningful contributions to the forum. I don't think the merit system will harmful to the forum.

6. The most useful forum topic? Most helpful users?

• Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ

• Newbies - Read before posting
• Pakistan Local Board

Most Helpful Users:

@shahzadafzal
@irfan_pak10
@Hamza2424
@Gladitorcomeback
@Faisal2202
@Jateng
@JayJuanGee
@Ratimov
@fillippone

7. 3 things you would implement on the forum?
I think there is a little work Need on Trust System Rules Update in this forum. However, Overall Everything here is fine.

8. Do you trade on exchanges or invest in projects?
I Using Binance Exchange For training but After the SEC issue I withdrew funds from Binance

9. Tell a story about your big profit or big loss.
I gain high profit when I invested in Bitcoin when its price was around $20k. I invest account DCA long-term investment which resulted in a Good profit for me
The biggest loss is 450$ occurred I received a BlackStalion token in my wallet from a bounty then I mistakenly send it to my Binance polygon address but that token was not listed in Binance hence I lost all tokens.

10. What do you think about the DEFI ecosystem?
I think Defi is a  new financial paradigm that is decentralised and disruptive transforming finance Blockchain is strong and stands tall.

11. Is your anonymity a vital necessity or precaution?
No

12. The last cryptocurrency book you read?
I'm reading the Mastering Bitcoin Cryptocurrency book but have not yet completed it. this book was recommended by my Senior to me I also watched a different video that helps learn Bitcoin trading.

13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years.
1. Bitcoin (BTC)
2. Ethereum (ETH)
3. U.S. Dollar Coin (USDC)

14. How much will Bitcoin cost at the end of 2023?
I think the price of Bitcoin at the end of this 2023 its price may be $50,000 +

Overall your whole post sounds like it is coming out of the talking-points play book of some various shitcoiners who fail/refuse to understand bitcoin (or the role of bitcoin in this space) and have developed various nonsense theories in order to try to describe what they believe is happening in order to pump their bullshit.. it is like a bunch of lost puppies with hardly any vision trying to find their way.. or maybe I should say blind puppies or maybe even better yet we might want to apply the allegory of the cave.. in which the cave dwellers are watching shadows and coming up with a lot of ill informed theories that might resemble aspects of reality but are missing a lot of information/understanding in order to arrive a better and more sound conclusions.

Of course, there are some aspects of bitcoin price dynamics that are based on expectations of HODLers, and so sometimes expectations can affect BTC price direction.. in either direction, including the recking of people who are not sufficiently strong enough.  Kind of crazy for you to be suggesting that sentiment is only one direction and that these people expecting pumpening are just being set up for failure... just sounds like a superficial theory.. for sure, and I should not even be going into it since you are free to believe whatever nonsense that you like.

For sure I am not claiming to have any kind of real knowledge regarding whether the $15,479 bottom from November 2022 is already in and sure sure we have been at or below the 200-week moving average for a very long time.. spending more than 6 months below it and then also just kind of continuing to hover around it, and surely there has been some historical bottom testing and also causing realizations that we cannot necessarily rely on the 200-week moving average as the complete bottom, but also there would not be any reason to completely poo-poo it in ways that you seem to want to do and to suggest that the main factor that matters are the status quo incumbent manipulators.. since many of us likely realize that if the status quo incumbent manipulators were to have gotten their way, we would still be either below $1k or maybe even below $500.. but surely we are not at those prices and the manipulators end up getting reckt as fuck, from time to time.. but usually not as wreckt as some of the retail who get lured into believing those dumbass manipulation theories and then failing fefusing to buy enough BTC in order to sufficiently/adequately prepare for UP.. which is likely part of the reason that bitcoin still only has less than 1% of world-wide adoption.. and surely adoption takes time anyhow, so no need to even complain about the status of bitcoin and how long it seems to be taking to transfer wealth from the non-bitcoiners to the bitcoiners.. and since you have some bitcoin, sure you are not going to end up being as lost as some other folks even though you don't seem to know what bitcoin is and you continue to be distracted by shitcoins.

Yes.. bitcoin may or may not pump in 2024, 2025 or 2026 due to the halvening - even though there is likely going to continue to be a lot of ongoing UPward BTC price pressures due to the restriction of new supply issuance.. and also the extent to which fractional reserve bitcoin is allowed to continue might be hampered in various ways due to ongoing attempts to crack down on bitcoin related institutions.. so I would not even proclaim to completely know how the matter will play out, even though we don't really have much if any evidence to show that the pumpening theory is not going to still end up playing out.. even when there are a lot of forces trying to make sure that it does not happen.. and maybe the million dollar question remains regarding whether they get their way and even if there are  no guarantees, are you prepared for it, just in case.. It's all fine and dandy to prepare for down, and to prepare for your shitty-ass lame shitcoins to pump, but you may well end up being disappointed to not have enough bitcoin...

Oh yeah, and by the way, I had been mentioning aspects of how much any of us might allocate to bitcoin, and as a mature investor we might have a pretty sophisticated portfolio with a lot of assets such as equities, property, commodities, cash (and I am not referring to shitcoins here), and then maybe our initial bitcoin allocation might be anywhere between 1% and 25%, but then if bitcoin price rises, we might end up having higher levels of our allocation that is in bitcoin due to its price appreciation.. and sometimes we might be faced with questions regarding whether we should reallocate some of our overall investment portfolio, and question whether we are still comfortable if bitcoin might end up crashing and we are ONLY left with the parts that remain... and within the bitcoin allocation (maybe a small portion of that could be in shitcoins 1% to 20%--- and probably going over 10% would be a bit too much, but still I see why some folks want to fuck around with various shitcoins).

If someone is brand new to investing, then they may well not have any other investments besides having bitcoin and cash, and under those circumstances, they may well spend 5-10 years without any other investments and just building their investment portfolio and perhaps once the amount starts to get in the area of 1-2x their whole year's salary, then they might start to consider how to diversify outside of BTC and cash.. and I am also not talking about getting involved in shitcoins but instead maybe stocks, property, commodities and cash, even though I understand that we cannot stop people from wanting to fuck around with various shitcoins once they hear about them, so maybe ONLY keeping that to less than 10% of the size of the BTC holdings would be within the bounds of acceptability, and again I know people can do whatever they want and frequently will do the opposite of best practices in order to try to "prove a point" or to "show their autonomy/freewill" .. so sometimes it can be quite difficult to save people from themselves and their gambling practices, even though surely sometimes there are successful gamblers (the exception to the rule), but we should not be basing our life/practices on trying to believe that we are the exception to the rule when there are way more solid ways to build solid economic foundations rather than gambling and believing that we are going to beat the odds.


There are always going to be winners and losers.  So fucking what.

Even though there are no guarantees in bitcoin, people who hold and accumulate bitcoin tend to do quite well overall... so yeah, no one  should set themselves up as a weak hand by over investing or leveraging and should be attempting to employ reasonable practices around their bitcoin practices in terms of if they are accumulating bitcoin then to employ DCA, buying on dips and lump sum investing - that also includes making sure that they maintain a cash reserve for emergencies.. and so if people engage in practices to over extend themselves, not prepare for either price direction and get distracted into shitcoins (or holding too many coins with third parties - and not learning how to self-custody) then there are a variety of ways that they can end up getting reckt.. so the more valuable lessons is to prepare and employ practices to lessen (or maybe even eliminate) the chances of getting reckt in the ways that you seem to be presuming some kind of a pattern or expectation of the supposed doom and gloom that you are seeing into the future (which is likely a sign that you hold too many shitcoins.. but whatever, hey.. you do you.. do what you like.. including pumping shitcoins and naysaying upon bitcoin and saying that bitcoin does not need to be much if any of your strategy forward.. not that anyone else should follow that way, but if that's how you have chosen to structure your investment strategy, then who's going to stop you?  not this here cat.   ).


Oh gawd..    that's sounds really retarded..   Sounds like the opposite that anyone should be doing (or thinking about investing into bitcoin).   Of course, there are always new shitcoins (tokens/tokenomics) and new ways to scam people in the same ways as had been done in the past, but merely by using some kind of new and fancy bells and whistles vehicle that has all kinds of promises that attract you to put your money into them and they are not likely to deliver beyond delivering wealth to the creative folks who structured such scam and ran off with the money of the gullible distracted (low coiners or no coiners when it comes to bitcoin) normies.

By the way, the manipulators are frequently involved in those various new projects.. and they get in first and promote the shit and get folks like you to describe how wonderful those crappy programs are and then they also likely get out first... and they are usually protected in various directions, including having investments in other areas too while they are fleecing retail out of their money through whatever new and innovative shiny product that they are promoting to be the best thing since sliced bread (and even better than the previous scams.. because this time it is not a scam.. blah blah blah).


Protip.. just focus a wee bit moar better on bitcoin and getting your shit together in regards to bitcoin (also personal finances and psychology), and if you want to fuck around with those various shitcoins on the side or whatever, don't allow that shitcoin dumbness to be anything more than 10% of the value of your total bitcoin holdings.. and hopefully you are continuing to focus on bitcoin and building your bitcoin holdings even if you are getting somewhat distracted by whatever new and shiny thing that you speculate might be the best new thing and outperform bitcoin. blah blah blah... you will thank me later ... that is if you have enough will power, discipline and focus to build your bitcoin approach for the next 4-10 years or longer

The crowd of hodlers are waiting for the price of bitcoin to rise after the halving in 2024 or early 2025. If everyone is waiting for an increase, then the manipulator must spend a lot of money. On the contrary, I expect big disappointments in the crypto market so that the manipulator can buy bitcoins from hamsters. And some new altcoins can show good growth even against the entire market due to their tokenomics and the presence of manipulators.

I am a new member but interested in doing the interview because it caught my eye  

---

I got interested in Bitcoin in 2017.  Today it is 6 years running accordingly. Now someone can say you are new to this forum.  But you've been talking about Bitcoin since 2017.  In that case I want to say if no one is in this forum, can he not know about Bitcoin? I was a bitcoin trader.  And I loved holding bitcoins.  So I entered Bitcoin in 2017 when Bitcoin started pumping huge and getting people's attention.

I first bought bitcoin in April 2017.  I vividly remember that I sold my old bicycle to buy bitcoins.  Because my bicycle was abandoned then.  And by selling it I was able to buy only $24. And that was my first foray into Bitcoin

I went about 200 km from my town for a business meeting.  And I stayed there for about 1 month and I had a business partner with me.  He informed me about the forum.  And he is also a great member of this forum.  But I will not mention his username

Investment requires first of all willingness to invest and strong morale. Experience only gives the right guide to invest.  But the first thing you need to do before investing is to have complete confidence in where you are thinking of investing.

I haven't used it yet but know about its benefits. Maybe I will use it in the future

Electrum wallet, I am satisfied using it

Merit system protects the forum from spam and increases the value of the forum and separates the smart users from the junk users in the forum.
Signature Campaigns are helping to promote various projects and give Opportunity the forum members with some income

Every topic in the forum is very useful.  Each topic has different learning material

Most Useful users  @theymos,  @o_e_l_e_o,  @LoyceV,  @fillippone,  @El duderino_,  @Ratimov,  @DdmrDdmr,  @JayJuanGee, @suchmoon, @nutildah, @dkbit98, @TryNinja, @1miau, @cygan, @Hhampuz, @Rikafip, @icopress, @bitmover,  @yahoo62278, @Welsh, zasad@,  @lovesmayfamilis, @DarkStar_,  @SFR10,  @Royse777,  @joker_josue, @hugeblack,  @ChiBitCTy,  @Foxpup,  @LFC_Bitcoin, @DaveF,  @Lutpin,  @jayce,  @The Sceptical Chymist,  @OmegaStarScream,  @mprep,  @EFS,  @JollyGood  (There are a few others whose names I have missed)  on my local board Most useful user is - Little Mouse, Crypto Library & Learn Bitcoin

Most of the users from my most useful users list are most helpful users and I have not mentioned them separately.

Strict monitoring of account buying and selling.
Always on exchange. Coz investing in project is high risky then trading

Let's talk about big profits.  After listing a new coin on binance exchange, I made $2300 to $22000 in one day by trading that coin.  It was my biggest achievement

Both of vital necessity and precaution

No I haven't read it

- Bitcoin
- Ethereum
- TRX

I am expecting $50k

Yes, of course, each of us needs to attempt to tailor our investment into bitcoin (if any) to our own situation - and we are both the best person to decide regarding what our allocation is going to be (if any) and how to go about getting to our desired allocation level, if we might not happen to be there yet.

Frequently, I have stated that it could take a person 10 years or so to merely get to something like 1 years worth of income saved up and hopefully allocated to some kind of an investment portfolio, and that would presume if someone were to be able to set aside 10% of their income per year and various factors associated with that - including choosing ways to invest and staying somewhat persistent and not fucking up too much - even though many times a lot of us know that a lot of mistakes can be made along the way in terms of building our investment portfolios - and even many times questioning if we are making progress or if our approach to how we are doing it is a good (and solid one).

There can be ways in which any of us might have some luck in our ability to build our investment portfolio faster than expectations, but sometimes if someone is younger in life they might not even be able to earn very much cash and may also be spending money on self-improvement such as college or vocational training.. and there can be a variety of ways that they might not be able to create a lot of discretionary income that would allow them to invest - but then there might be other circumstances in which some younger person might come into opportunities in which they are able to earn way more than they need to live and to thereby end up being able to save/invest large amounts of their income (such as 30% to 50%) which may also then accelerate their abilities to get to a decently sized investment portfolio and also have greater potential to reach fuck you status (if we might tentatively presume that entry fuck-you status might be getting to an investment portfolio size that might be somewhere in the ballpark of 20x to 30x of a person's expected annual cashflow needs).

Bitcoin does seem to provide for ways in which there are possibilities to accelerate the building of wealth - and of course, none of that wealth building is guaranteed.. and also there still can be quite a few ways to screw up, even if the intention might have had been not to screw up.

Any investor should have bitcoins in their investment portfolio, and I have about 20% now in bitcoins. About 40% are stablecoins to buy other coins, because I am waiting for a new bottom in the cryptocurrency market. But today I do not believe in the price of 150,000 dollars for bitcoin, but I am sure that bitcoin will be worth very cheap. When that will be, I don't know, it depends on the greed of the manipulators in the market.

I consider that I am trying to be practical with people in term of describing a need to get off of zero, and I thought that expanding my recommendation range from the smaller 1% to 10% range and up to the 1% to 25% range was to suggest that events from March 2020 tended to establish that bitcoin's investment thesis had gotten stronger.... yet at the same time, many of us longer term bitcoiners likely realize that the asymmetric (to the upside) nature of bitcoin, as a bet, likely also justifies that if it's upward asymmetrically ends up playing out, then we still would NOT have had to have invested very much and still be able to have very good odds of profiting stupendously, even with relatively small and conservative investments (which also justifies that there really is no need to use leverage in terms of betting upon bitcoin, either).. .

So yeah, there is some tension in my decision to start to recommend higher percentages in terms of aggressivity, and I also started to push more for the idea that $100 per week is better than $10 per week (especially for a lot of decently well off folks), since between 2013 and 2020 - I had largely been suggesting to get off of zero, and $10 per week would be better than nothing.. but then since BTC prices have gone up so much between 2013 and 2020, and the value of the dollar has been going down.. including that it likely would need a lot more dollars to reach fuck you status (merely because all prices, in terms of dollars were going up, too), then it seems better to just try to aim towards investing $100 per week, as opposed to my earlier more whiimpy suggestion of $10 per week.   

You and Majestic-milf are thinking the opposite of how you should think. Business is done now, by buying cheap. I see you in a couple of years when the price is above $150,000 buying like there is no tomorrow because it looks like the price will continue to go up forever... just before the subsequent crash and the start of the bear market.

But, hey, your money, your decisions.


Surely at that time, March 2020, there were also many who did not want to buy for similar reasons to those expressed by our two colleagues, without realising that when everyone is shitting themselves is the best time to buy, and those who listened to you have at least doubled their investment, something that can be checked using https://dcabtc.com/.

If you know about bitcoin, then you would realize that if you do not have much of any, such as being a low coiner or a no coiner, then it is always a good idea to get some bitcoin as soon as possible.... which includes figuring out a plan in regards to how much BTC that you are going to want to have in your investment portfolio which should not be none... as far  as shitcoins, such as your reference to cryptocurrencies, there is no need to get any of that... so staying on zero may well be a good idea when it comes to crypto.

Since sometime after March 2020, I had been recommending that newbies to bitcoin start out somewhere in the ballpark of a 1% to a 25% allocation of their investment portfolio into bitcoin, prior to March 2020, my recommended starting target investment/allocation range was 1% to 10%.

Accordingly, the actual target number will depend on the person, and each person should be trying to figure out specifics of his/her own investment plan(s) including whether or not to go outside of what I am suggesting to be a beginning starting range to be considering for the bitcoin portion of the allocation.

Another thing is that hardly anyone even has any kinds of savings or investment plan (maybe some people own property or they have a 401k, which is better than nothing but still may well be inadequate), so frequently they need to work on getting their shit together and perhaps put themselves into a situation that they have some discretionary income in order that they are able to invest... no one can really tell anyone exactly how to get their shit together sufficiently enough in order that when they are investing into bitcoin with a portion of their income (also perhaps starting out somewhere between 1% and 25%), but then maybe they will not be able to invest $100 per week, and they might have to start at some lower amount such as $10 per week, and sometimes even $10 per week might be difficult for some folks,

....but still it seems best to get started (in terms of getting some kind of a bitcoin stake) even if the amounts might be small in the beginning.. and then figuring out the details as you go.. including improving your understanding of each of the following individual considerations, which would be your cashflow, how much bitcoin you have already accumulated, your other investments (including cash reserves), your view of bitcoin as compared with other investments, timeline, risk tolerance, and your time, skills, goals (investment/lifestyle targets) and your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

In the end, each person is responsible for themselves, including if they get their shit together, and including whether or not they get off zero in regards to their bitcoin investment and including whether or not they get distracted into gambling mindset, such as failing/refusing to understand the difference between bitcoin and shitcoins and buying shitcoins rather than bitcoin.  Each person has the right to do what they like, including having fun staying poor (and maybe I am being a bit snarky with that statement, because one aspect of investing should provide options, including having an option to preserve and build wealth, even if the amounts might NOT be enough to cause a person to transition into richie status).

I agree with Majestic-milf that it's probably not worth buying bitcoin now because there should be a new strong FUD. The situation on the market does not look like the bottom of the market and it is still early to move high up the price of bitcoin. But it is interesting to read the opinion of members of the forum who do not show their interest in cryptocurrencies for long.

Thanks for that keen observation. It's important to always be clear in our words to avoid been misunderstood.
Heh, @ Don Pedro Dinero mistook my identity. I'm a lass, sir ☺️☺️☺️