I have a friend that used to own two whole bitcoin when it was worth around $700. He said he made a few thousand bucks and then sold them. He never bought back because he felt so bad about selling it and gets depressed when he looks at the current price. “Crypto is too stressful” for him. Big oof. I know everyone feels late to Bitcoin but we are still earlier to understand it than this guy 😂 nostr:note12mc3tlkfyglatypqg4yskjuma3umnashfwztvftwuhae09agjf2snf42z7
Discussion
Many such cases. Think most of retail has a new unit bias now that we’re up near 100k. Yet again, they feel they missed it 🤦♂️
They for sure missed it. But hey xrp is still cheap 😂
The number of people that asked me about xrp this year is insane
Wow really? None here. A couple bitcoin questions here and there, but all anyone really wants is price calls
They really marketed that shitcoin hard on social media
What is their marketing doing correctly?
Basically telling them that they’ll make a lot of money with fact TA charts and hype about the future of money
Isn’t that what all the other coins are doing? What are they doing differently?
It is but I think xrp just has more money
Just pure capital from Amex and Chase?
I’m not sure how they get their money tbh but I know they’ve been fighting endless lawsuits.
I've had friends ask about XRP.
They always send me links to articles that have it going to $100 per coin, not realizing the market cap would be insanely unrealistic.
They also mention banks using it to transfer funds between each other. "They don't do that with Bitcoin".
Yeah it’s pretty annoying because you have to try and explain the difference between bitcoin and crypto which requires you to explain the difference between money and fiat which then requires you to explain why fiat is bad 😂
nostr:note1t6r6m6xskux0r2pnyrutexj7vhxks5satx4v2s9axfjzr0yrgrwsnk8ej4
The decentralized future. There will be all kinds of cryptocurrencies that people will trade in. One day payment processors will let you pick any shitcoin to pay with 🤡
That's the hard part... The information gab between no coiner and Bitcoiners is getting really wide.
It really is. I sometimes talk to normies like as if they understand what inflation is. Most don’t even know that it’s caused by government. I don’t even know where to start with them 😂
I think we sorta have to tell our “origin story”. We can’t start at the depths of where we are, but go back to the surface. Why did we start digging here? Why did we decided to follow the white rabbit? We just need to tell the beginning of how the fire started for us. What’s your “origin story”?
… mine started when I was sitting in the middle of the ocean staring out into the sea with a bunch of my fishing buddies. And one of them asked me “what do you think of bitcoin?” And I realized I should have an opinion given my background and I didn’t.😅
That’s a really good point. If I’m going to teach others about bitcoin, it helps to explain my story. That would make it more relatable too and less intimidating since a lot of normies have fragile egos.
The easiest way I found to explain it, has been to reverse the question on them.
"What do YOU know about Bitcoin?"
I find it easier to know where they're at, then go from there.
*fancy
Most people are not interested in breaking their chains.
Most people only seek to be a little better off than their poor neighbours.
Once you understand this you understand that most people are criminals enabling the government to steal from their neighbours but without the moral implications. So they think.
Idk if I’d call them criminals but they are enabling the government without realizing it. Ignorance isn’t really an excuse but it’s not fair to fully blame them for that. It is true that a lot of people don’t want to see others around them succeed though. It’s pretty sad. People who succeed find their loved ones trying to sabotage them. People can be pretty shitty.
It's interesting to me that many such cases like you mentioned, regret selling their stack, resort to trying to make it all back or 'get rich fast' by turning to shitcoinery only to suffer more.
That’s why these shitcoins are so malicious. They feed off people’s emotions. It’s fomo.
They may be right that gambling is only way to get original stack back (prob don’t deserve it, c’est la vie), but if you’re gonna gamble there’s stocks and shit for that which offer way better odds 🤦♂️
And less rug risk 😂
Some people just have to learn the hard way it seems.
I think most of us do unfortunately
Also true!
I lost a good amount of money on shitcoins
DeFi rug survivor reporting for duty!
Cardano was the fucking worst man
I convinced myself to give Luna a try 2 weeks before its collapse.
Oof! How much did you lose?
Generational wealth
I’m sorry man. Sometimes the most important lessons are also the most expensive 🫂
You know what made me realize Cardano was trash? It was actually using it, by playing around in their ecosystem. While I now know ETH is shit, they at least had a lot of stuff going on.
Cardano was shit to me when I found out he was trying to do a social credit system or something in Africa because he wanted to help them. Total bullshit and dystopian.
I used to listen to his YouTube discussions pretty often.
I remember once how he suggested people should move their Bitcoin to Cardano by wrapping them. He was arguing that mining kills the planet and the value proposition of Bitcoin is it's limited supply.
So why not stop mining it all together and move it to a PoS system?
That way, Bitcoin would be even more scarce than 21 million AND could be part of the defi ecosystem.
https://www.youtube.com/live/CWSUatgdd5U?si=iSY6-x6Fw9MlB4ht
I think this is the video.
I’m so triggered by this guy I couldn’t watch the video. Fuck him lmao is he still in jail?
Did he go to jail? I didn't know that lol.
Last time I heard of him, he was filming himself doing cold plunges, like he's some tough guy health guru.
Lmao I used to listen to him too. He talked about the corruption of central banks and the fed. But I remember him talking about climate change and shit. That’s when I started thinking this guy is a fucking retard 😂
i totally mean to brag
but i was never a shitcoiner 😂
I had so much fucking solana and didn’t make shit on it lol what a waste of money
there was a minute where I was watching a lot of Antonopoulus and thought "i should probably look into Ethereum"
then i decided i didn't have time for that shit
I came right into Monero and decided Bitcoin was cool too lol
Since I know you wisely allocate BTC heavy, yet have some burning need to defend monero, guess that still counts as not shitcoining 😉
nono bro
I probably have more monero rn
proportionally
cant see past my bags obv
I wish I came across Anton earlier lol did he have a shitcoin phase?
Andreas wrote a book on Ethereum and I'm a similar sort of nerd so I figured i should check it out
im sure its technically interesting. I know Vitalik wanted to do it on Bitcoin (reenable opcodes!) but people started screeching so he left.
now we're talking about reenabling opcodes again 🙄
I listened to vitalik talk on the lex fridman podcast and I couldn’t get past his views that Bitcoin is bad for the environment. Anytime I hear that argument, I lose respect for the guy.
Monero is cool for privacy but I consider it a shitcoin at all it is not decentralized. Eth let's not talk about the disgusting of the crap
Monero is decentralized homie
At least show us some stats, when claiming its not decentralised.
It is not decentralized simply because it is used by very few people. Dead protocol. For privacy the best nothing to say. But unfortunately it did not stand the comparison with Bitcoin and was "abandoned". This is my humble thought 🤷♂️
Me too, but I knew I was gambling 🎲
I didn’t. I legit thought it was the future of defi 😂
Lol. I always love it when so called maxis come forward lecturing me on Bitcoin maximalism telling me, a 15 year Bitcoin veteran, about their shitcoin escapades while the only thing I constantly remind them of is self-custoding Bitcoin and using Monero.
Well I don’t do shitcoins anymore and I do self custody 🤷♂️
Because you are slowly getting sober from a fiat mindset.
Believe me. You still find hidden parts of the fiat mindset after years of being in the space.
Biting my tongue not to write something snarky here.
But that’s cool. “Fiat mindset” isn’t a very meaningful phrase for me, gets overused, but see your point
Was the same way with Ethereum 😂
A family member swears up and down that I would always talk to them about Bitcoin back around 2009, but I have zero memory of that lol.
I can only remember it coming on my radar in 2013, but I don't think I really understood it/got into it until many years after that.
damn you an OG
It was probably a "neat" passing interest kind of thing to me at the time that I read about somewhere. Then I went on with my life and forgot about it. I didn't actually own any Bitcoin or really understand it until about a decade later. I missed the blocksize wars and everything.
So I don't really consider myself OG 😅
You're probably more OG than me, Kanzan
lol i also remember around 2013 thinking "huh should probably check out that Bitcoin thing"
and it also took me a few more years to get around to it 😅
Well, if you plan to change Earth's axis and you join today, you could be a little late to bitcoin. Otherwise, you are good if you get your shit together.
That’s true. Trying to be grateful for what I have 🫡
Being truly and sincerely grateful for what you have (not only with your bitcoin stack but in general) is one of life's biggest accomplishments. This is the key to get more if you desire, although the desire for material things is tricky. This of course raises the question about the nature of bitcoin.
Gratitude is extremely important for happiness
Wow. Sounds retarded. But not the fun kind
How do you even look at the price today and continue telling yourself I won’t ever buy again lmao
Seems like his ego is the problem. Friend needs help to figure out what’s causing that mental block
He doesn’t understand Bitcoin is the problem. He still has some ethereum and link. I think because he felt like he missed the boat on Bitcoin. When people are making decisions based on price, there is a knowledge gap.
I think there’s many problems there. If I see the price continually going up, maybe I get a little, just in case. But it’s hard to put myself in his shoes.
Same as people who trade penny stocks and dream of having that go up by a few dollars and that could be up 1000x
I see where he’s coming from because I thought similarly. It’s a misunderstanding of market caps. When I look at the price of something at $20, it takes less to move the price up than something at $200k. That’s why I bought a lot of solana and Luna initially. Shitcoiners described bitcoin like a blue chip stock. So it’s the difference between buying apple which has already made most of its gains and buying Amazon in the early days before it made you filthy rich. That’s why shitcoins are so malicious. Doge was so “cheap” that it seemed like it wouldn’t take much buying power to push it up. But for doge to reach $100, the market cap would be so astronomically high that it would need to suck up all the money in the world. Never going to happen lol
I understand the mindset. What I meant is I don’t feel sorry for him/I don’t empathize with his situation.
Oh gotcha. Yeah that’s the weird thing about some people. They got into this thing, made some money, and never bothered to learn about it a deeper level. When I was shitcoining, I was nonstop consuming videos and articles trying to understand it better. This was the future. It’s defi! But I don’t understand it enough and am investing money into it. I need to learn more. And that’s what led me to bitcoin only. I can never understand how people half ass their life and just trust others are smarter than them.
Trust don’t verify is crazy. Especially when it comes to money 🙄
