Topic: My personal point of view as a beginner .... - page 4. (Read 1829 times)

Its exactly like how JJG says it is, all the alt-coins will mainly be sh*tcoins, it is what it is..... Why are older accounts not visit those parts to often, probably cause they more and more understand the market, perhaps been burned on some sh*tcoins, probably they just have a clear vision on BTC by learning and consuming knowledge...... the longer you are involved with BTC the further you will drift away from sh*tcoins.....

This thread is to prevent people wanna get rich quick, invest in dumb coins and first read learn about BTC, just start their buyings with BTC, later on when you a at least a small clue of what your doing then perhaps get a little bit explorative and get at its highest 1-10% into sh*tcoins if you have a high belief in its value or for any reason you believe (but its not a must do or something, but I understand it will satisfy some people with just trying and finding out)

So the blockchain doesn't grow out of control, and almost anyone can run their node. Verify, don't trust. Want to run an Ethereum node? Good luck syncing.

If you want to buy coffee, there are a few L2 services (Lightning Network) amd more will come. Main chain bitcoin transactions are bound to be for largish movements only, more so the more btc price appreciates. Because bitcoin has value that other shitcoins don't.

Only because it has value, so miner competition is hard: the CO2 print is proportional to the hash rate. And most most figures you find on the web about bitcoin's CO2 print are out of this world.

That's your only valid point. There's no logical obligation to be the best, but it can happen, can't it? The way I see it: most of the shitcoins created after BTC were designed with the specific purpose of making a fortune for the creators. Bitcoin wasn't.


What I am talking about is: give me an alt coin with a use case not covered by BTC, and maybe we can discuss about it. In the ALT SECTION.

Well, if you mean "older members" as in more experienced members, then surely that could help to clarify what you are suggesting and make it less offensive.  In the end, there are a lot of ways to invest, so each member has to chose for himself/herself... but right from the context of this thread, OP seemed to have been talking about a beginner perspective and how a beginner should consider investing.. which he was suggesting to begin investing with a bitcoin focus, first.  Of course, people do not need to agree with his perspective, but there are a variety of ways to contribute to the conversation while still having a view that is different, without necessarily going to the extreme of suggesting that it might be good to start with altcoins, which really seems to be a more fair interpretation that you were suggesting for members to go to altcoins and consider them.



Well, if you suggest that we are saying similar things, then there may be some parts where our views are overlapping.  It can be quite difficult to make any real or meaningful recommendations to other people and frequently, I suggest that they attempt to tailor their approach to their own financial situation, such as their other investments, cashflow, timeline, their views on bitcoin (I don't recommend getting started with any altcoins, it is a BIG ass distraction and dilutes your investment, unless you already happen to be rich), risk tolerance and their skills and time available to research or engage in portfolio management such as trading.

I would consider anyone who is kind of beginning to have a small view, even if they are smart about a lot of things, and sometimes it can take a decent amount of time to learn about bitcoin and also to tailor a strategy that is fitting to a person's situation.



The more you type the more that it appears that you have little to no clue.  You have some dumbass talking points and diversion and trying to look like you have some good ideas about investing in other things, but it is becoming more and more clear that you have a lot of either dumbass ideas or you have some dumbass shitcoin talking points that you are trying to promote.

My motivation is largely to clarify what you are saying, and along the way, I attempted to outline a viewpoint that largely was an attempt to support the OP's attempted view on the bitcoin preference matter and why that is an overall sound and prudent approach to getting started with investment into the space.. and don't get distracted by shitcoins....

In the end, everyone has to decide for themselves, and I could give two shits if you and/or other folks decide to buy into dumbass shitcoins and their lame talking points.  I do not need to pump bitcoin because in the longer run bitcoin is going to likely continue to be kingdaddy and to be the best place to invest, especially when getting started and attempting to put a solid investment strategy and approach in place while getting to learn about the space (again referring to people who might be newer to the space and just getting started investing in bitcoin)..


Snap out of your trance, you diptwat.  You are spouting off with an altcoin pumper/bitcoin naysayer talking point that is hardly based in reality.   


Another dumbass talking point, likely coming from the ethereum camp or other Proof of Stake coins who are talking about some nonsense to pump their dumb agenda that tries to suggest that there is something wrong with Proof of work.

Proof of work is bitcoins intervention to create something that had never been created before, so go ahead and downplay proof of work and suggest that there is some better proof of something else such as "stake" or some other pie in the sky bullshit, and you are going to get sucked into some kind of paper tiger pie in the sky scam... so no you do not sound smart, at all, when you are spouting out energy consumption nonsense... while trying to suggest that some other coin(s) have better systems.. and thereby lose the whole intervention of bitcoin and its value proposition to the space...

A significant reason why bitcoin means something is because of proof of work and various incentive structures around the whole set up including difficulty adjustments and all those simple things that come together and make a whole big difference that shit coin pumpers want to suggest that they have some kind of better system.. blah blah blah or that bitcoin is broken.. blah blah blah.. 

Bullshit.  snap out of it konfuzius5278


 being first means a lot when it comes to establishing a protocol.. and if you believe that you are going to overthrow kind daddy, you better not only be better, but you better be a whole hell of a lot better in enormous ways in order to really attract the network effects over to your likely to be centralized project... which is not too likely to happen.  Good luck with your hopium in that direction.


If you want to go invest in other projects, then do it... you might get lucky.. but you also might lose your focus or your ability to identify why bitcoin is the king daddy.... Seems like you are already fighting bitcoin as the king daddy and part of your problem is likely that you have been attempting to be too "open minded" in listening to the bullshit scam presentations of shitcoin marketers... and losing track of that they are selling you bullshit in order to pump their bullshit...

Yeah, sure it can take a while for many folks to come around to bitcoin because a lot of times they buy into shitcoin projects that sound really good... and sure, you can go off and play those games if you want... no problem... It might take 50 years or more before a lot of this plays out, anyhow, so in the mean time, there might be some coins that are able to pump well in the process, but if you are not investing in bitcoin, then you are likely to be a bit lost in your mental approach and your financial prudence, which tends to be better to have financial prudence in the long run.. and long term investments and to be able to sleep at night, overall without feeling like your investment couldf go to zero at any minute.

I Said older members should have a Look there.
So you Proof my Argument to say they have a Small view.
I know why you are so Rush. You have Bitcoin and you want to Fight everyone claiming to have Alternatives to keep price up
Bitcoin is a shitcoin. Its damn slow, when adapted it has massive expensive TX fees, and Bitcoin CO2 Print is worse. Beeing the First dont need to be the best . Nestcape was the First.or Internet Explorer. Who uses?
Why Can older members just say ok there are many shitcoins. But maybe one or another is ok ?
Thats what I am talking about

And your argument is what? get rich quicker by investing in shitcoins? and you specifically are recommending certain shitcoins too based on some kind of fact that they could not be shitcoins because they are discussed on the forum in a section that is dedicated to them? 

Ethereum and doge are shitcoins for differing reasons.  BNB has some utility for getting disounts on the exchange and getting some kind of equity in binance, so if you use binance services it might be o.k. to hold some, maybe not for speculation purposed, but at least in order to attempt to get some exchange fee discounts or other offerings from time to time and in small amounts.

If I am proving your argument, it is far from clear to me how I have accomplished that unless you just have some kind of weird logic that tries to find support from your position in whatever way that you can?  Perhaps you mean that you are way smarter than people who have figured out to get their shit together by attempting to focus on bitcoin first?  I have my doubts about your supposed level of smart, especially if you are not even attempting to account for various points that I had made in my above post, but whatever, believe what you like in your little lala land world trying to sort through which are the less shitty of the shit coins. .. and your consideration that is a good way to spend your time and any allowance that you may have received from your step mom.

So ETH is a shitcoin. Its also in Altcoin section. or BNB and DOGE

See you proof my argument. 

Fuck the rest of those allegedly potential projects (aka shitcoins), like is the theme of this thread, and d_eddie just reiterated.

Get your focus on bitcoin first and once you get somewhat established in bitcoin, then maybe you can take 1% to 10% of your total value and experiment with shitcoins. 

Frequently, if someone is just starting out, their 1% to 10% is not really going to add up to much of anything, anyhow, so they are not going to feel like they are able to put enough into shitcoins to even profit from it, but that should NOT be the reason to throw 90% of your low value at those dumbass projects - which seems to be part of the point of focusing on the better investment, which is bitcoin and which still is risky and continues to have a lot of ongoing upside potential, inspite of the dumbass talking points of shitcoin pumpers. 

If you build a decent amount of stake in bitcoin, which is largely the only project with substance, which would give a decent foundation, then if you still feel like playing around with other stuff, then at that point, your 1% to 10% might even amount to a more sizable amount that you will be able to figure out how you would like to deploy it on other projects, rather than employing a random strategy of luck, like you seem to be suggesting konfuzius5278, and just throwing spaghetti at the wall to see which ones might stick.

It can take years and years to really build a decent foundational amount of value, and there are no real short cuts to that.

Trying to turn innocent beginners into shitcoiners is not fair.

I am sorry but I have a little different view on this forum.
Its right that there are many people try to help you. But some older members have a very small view on things.

i get my first Merrit from a friend after 380 posts with content in non bitcoin section. When you dont like BTC here ( I dont like and I have my reasons) you were often treated as stupid or unknown.

As example for beginners help: Say a beginner , "ah no problem just compile it...."  cuts out 95 of all computer users.

And with the content of 10 years in this forum, its sometimes not possible to find the solution for your problem.

I would ask older member ( I know they mostly HODL BTC ) to take a look in Altcoin section ( yes 1/3 of the main thread space if for 99.99 of all coins)without prejustice
And when you know how to help OP just do without any finger pointing.

So lets get crypto involved for much more people.

You got me pegged.  I resent that.


Since you understand me so well, you should have anticipated that I am NOT going to agree.    

In other words, I prefer my revision of the royal we to the actual we, which I posted earlier.


You are all over the place, d_eddie.  You might be due for a Margin_HODL_of_an_otherwise_functioning_nap, aka "reboot"?  

In theory, you will thank me later, but my kind of quasi-understanding you too, somewhat, I anticipate that you will accomplish such "thankening" in a backwards and difficult to decipher kind of way.

 

The hat gang has a decent reach



It could be said that you seem to lean as a preference to prose, in the preferential sense, as opposed to poetry, even if
said poetry should in the form of a haiku, which appears to be a short form of poetry, but nevertheless you probably prefer prose, with probability in the 65.4% ballpark.

The below modifications might be more in line with the JJG we know.

Why work the ladder?
Hookers, lambo, blow. The world?
Don't give a ratt's ass.

#haiku

Oops. A WOT style post came out. Sorry. It's a hat gang thing.

Hardly can avoid it, mcteam seems to exist everywhere.

Royal "we"?

 

I would suggest above modifications to make more in-line with actual "we"

No we're not in it
for lambos, hookers, or blow.
We're changing the world!


#haiku

Especially that last part.... Don't let things consume to much time cause you will forget the other and maybe most valuable things in your life, I think when your a beginner it will already be a hell of a job to learn and understand the purpose of BTC and all its fundamentals as all of the wrong of the current financial system etc....

Then to really want to trade and be profitable so outsmart all the rest that are busy already day and night for years...... thats just to much as its much more wise to BUY and HODL and to sitback with even not paying attention to the price (not paying attention to the price is impossible I give you that )
But please don't be bothered with it, cause nobody wanna be depressed by just wealth going UP and DOWN that you even don't need at that time, cause only invest x-% of each income that can be missed (of-course nobody can miss anything.... but just don't put yourself before difficult moments etc)

You must be able to keep living and enjoying your life while some of your wealth is being parked, just as savings into a back account.... BTC can get volatile but meanly should be seen as an investment with massive UP potential .... And only that to lose what you invest (probably I wouldn't think investments will go lost, but I just talk worst case scenario and even then I think it can't get lost.... or perhaps you really lose private keys ,then again threads in here on how to protect those )

New joining members stay save at all times!!!!!

Probably some will find this BTC thing awesome and especially when its booming UP even thinking the worst is already passed with more as doubled in price..... though never get overenthusiastic and keep calm keep learning and remember nobody knows when there might be another DIP-correction however people call it.... and nobody knows when we explode UP.... imo buying on steady base is always good and just keep an X-amount of saving in BTC, each week or month or when there is an income, just continue to buy every time again

It was your bad to sell your RDD before it pumped exponentially. Moreover, in the long run, holders are people whom will get more profits from their capital than traders. There are very few traders whom can get more profits than holders. Yes, there are outstanding traders, but you should not think you are one of them. Long term holding with good coins will help you richer, and give you more spare time to do meaningful with your family.

Thank you OP and all contributors on this thread. It's just about the best thread I have read here, for me still at the very beginning of learning about bitcoin. I would say my learning curve has been a slow and reluctant.  Although I was absolutely fascinated with the concept  bitcoin ever since I heard about it in 2016. It took me up to over a year and half later to buy some. And then another year to discover this forum. And the only reason I am still interested in bitcoin now is because of this forum being so informative. Otherwise..I probably would have just been to wary and discouraged, and left the whole scene.

There is a sincere camaraderie here, and valuable information for a willing student. I know I will be enriched in many ways by the info on just this thread alone, not only for the practical advise but for the atmosphere of encouragement. All these posts here understandable and useful even for a relatively newbie like me.

I learned about cryptocurrencies in June 2017. I wanted money and traded a lot ...

And just lost a lot of BTC






Reading this forum, I learned a lot about BTC, stopped trading, withdrew coins from stock exchanges, and from 2018 I became HARD HODLer.

Thank you all

I also do believe true HODLers and right minded believers are been born in the bearmarkets

I have some friends of me calling me and asking me about BTC when it did hit 3K-ish prices for the first time in 2017....

At 300-500$ it was boring (little before 2017 ) But I did informed some

At 1000 it was going hard but couldn't go higher

At 1500-2500 it was outrageous and surely gonna go down ... But at around 3K many friends and at that time new guys where interested and ask me for help to buy as fast as they can ....

A few of them bought steady at higher prices, have been with fear in the bearmarket, but learned each day read much stuff, send me articles and text every day...
Most important they kept buying all the way down .... they DCA there prices very well and are now feeling stronger of there right belief in BTC as ever before ----> this is true personal view of friends that I witnessed ....

Of-course the dice didn't role the same for all of friends of me, there are those that sold in loss, and are not interested today anymore PITY THEM, they will hate themselves for this decision in a near future imo ...

I have a few that bought, HODLed and when it dropped they just never looked at it anymore and where of mind that if it go's to 0 then I will lose my investment, if not then I will sell when I have my money back (ALSO F***ing dumb), they better DCA'd but that requires to learn about BTC only then you will be able to decide and do so..... Actually I don't know if some sold or bought (I say friends, of-course friends of friends among those I speak of)
Though I hope they didn't sold and did learned to even maybe buying some nice DIPs

But those that did it right in a bearmarket, that are the ones I belief to be true HODLers and knowing how BTC works...

Sometimes its easy to think to have a long term perspective
BUT
One only have a long term perspective if its being tested continuously, and thats exactly what happens in BTC-land, do it good and be rewarded!

Probably avoid Altcoin as Altcoin talk here

For beginners its absolutely most recommendable to not buy ANY shady Altcoins before starting with buying and understanding BTC, Alt's most of them are the poison that will lead to big BTC losses and thats what we don't wanna see new guys dealing with....

When one have BTC and have some knowledge/experience of how things work etc then maybe if they really wanna explore they can make there crypto portfolio a bit bigger though I recommend to keep at least 80% in BTC, I think my BTC holding cover 85 north 90% of my total crypto's....

Also when newer people buy Alt's after they did everything .... (learning etc) I would still recommend to try and make more BTC by keep buying when it can and not to fall into the Altcoin traps