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    Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26868988 times)
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    JayJuanGee
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    February 01, 2022, 01:42:14 AM

    Not to piss of JJG I won't bury this link in my threads, but I will post it here:





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    I am not sure for what reason that you consider such a piece to be irritating to me.  It seems to be quite a bit on point in this thread with regards to what a lot of us so called "maxis" tend to argue - that it is best to attempt to understand bitcoin first before branching out into other various kinds of shitcoins or "crypto" related projects... and surely there are so many instances when investors (whether retail or institutions) seem to jump straight into the "crypto" space and think that they understand the space and have not spent very much time specifically studying and understanding bitcoin first.  

    Maybe there is a question of how many hours do you need to understand bitcoin?  Shitcoiners might have spent 10 hours and believe that they are experts, and many bitcoiners have spent thousands of hours and consider that they are still just scratching the surface of understanding.. and some areas in which they have no clue in understanding.

    It's likely true that I don't really agree with some of their suggestions to potentially consider getting into shitcoins (or projects) after having had gotten some grasp on bitcoin, yet really that would not be so much of any kind of objection that I would have when they are suggesting to understand bitcoin first (in order to attempt to put those various other shitcoin projects into some kind of perspective)... .. so yeah, we need not get into that portion in this thread, but it does not hurt to come at the issue from that direction - and well could be the case that by the time you understand bitcoin, you may well find very little reason to diversify much if at all beyond it (except maybe some relatively small portion of your assets such as 10% of all crypto would be in shitcoins ... but for sure a slippery slope if your shitcoin choices were to end up outperforming bitcoin.. at least in the short term and then a kind of dilemma whether to continue with investing into such shitcoins.. and if perhaps some dilemma might increase with the passage of time.. and for sure guys will come out differently in such weighings - even while we would not need to elaborate upon those matters in this thread because it just ends up inviting shitcoin pumping rather than trying to stay focused, somewhat)..

    Oh now we can go back to discussing historical versus present dynamics of Russia, Ukraine and Crimea.....
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