This is false. You can own bitcoin and a shitcoin and for me you are a shitcoiner in the guises of a bitcoiner.
The perfect example are the .btc folks, affiliation scammers.
Discussion
"You don’t have to own a bike to be a biker, but owning a bike doesn’t make you a biker either."
DON'T BEE SOOO MEEAN!🤣
Holy shit, I triggered an incredible number of people with this meme. On twitter, in particular. 😂🤣
If you're storing your wealth in Bitcoin, you're a bitcoiner.
If you're storing your wealth in shitcoins, you're a shitcoiner.
The keyword is wealth, as it shows conviction in a certain type of attitude.
This just my 2 naks though, you can ban whoever you want from your social sphere of influence 🤟
is it ok to use shitcoins to accrue more BTC? asking for a friend...
If you're that unproductive in life that you have time to provide shitcoin liquidity in the hopes of accruing BTC, you should really be asking yourself deeper questions about the scarcity of time & how you want to spend your most valuable asset.
bit harsh, but understandable. have bags from when I was new in the space, just trying to exit em was wisely as possible :-)
Understandable, yet a waste of mental real estate.
I got the mental bandwidth. ty for the concern tho :-D
and side not, someone talking about unproductively, ya seem a bit terminally online. I suggest a good grass touching session. Don't worry, the grass won't bite back....I think. Time=the one asset you can't get back. Clicking a buy button takes a fraction of a sec, last a checked, btw. Cheers!
If you're trying to profit from trading shitcoins then in all likelihood you're probably one of the suckers. Set aside how you plan on using the money that won't materialize.
more like I started my journey not being a BTC maxi, not that I am, trying to exit from all the crap. lil older n wiser now. but still pretty dumb overall
I saw you say that you're trying to get rid of your shitcoins now, which is good, but here's a classic meme that answers your question, too.
love it!!!
What you do with your own time is up to you. It's a fools game trying to pass other peoples ever-changing purity tests. Personally I greatly enjoyed GPU mining for 2 years and grew my stack by doing so. I'd trade most alts for Bitcoin immediately and some I just left as lottery tickets. These days I don't mine anymore and about 3.5% of my "wealth" is shitcoins that I can't be arsed to sell. The rest is Bitcoin.
I will say I learned a lot GPU mining and I feel I can make much better arguments against Ethereum and multi-chain worlds than a lot of dogmatic Bitcoiners because I've experienced the pros and cons deeply myself, instead of relying on what someone else dogmatically told me. It was also a very fun hobby!
I have GPU mined Ethereum, & cpu mined monero.
I can debate you about intricacies for hours, you're not special just looking for a pillow to cry on for that 3.5% sinking down the toilet.
I think you just proved my point about purity tests. Your eagerness to try and insult me is why people shouldn't care. I also don't care if the shitcoins I still have go to zero. I certainly won't cry for them 😂
Oh, there's no passing a "purity" test, I got ya on that. Everyones definition is different and I'd just spend the rest of time trying to please, not a game I play lol. Did some mining myself, almost embarrassed about the coin, *cough HNT cough*, but I got in early and it gave me the means to grow my sat bag. HNT was just easy af for me cuz I was and RF tech working with wireless microphones. So setting up an antenna and understanding waveforms n etc gave me the edge I needed. Now I think the project went to shit. Not really sure tbh, just letting that wallet fill up. Maybe moon, if not IDGAF. Cheer mate!
I recently sold one of the coins I mined after a random huge price pump. I did a quick google and people were claiming the creator was actually Satoshi, I'm not talking about BSV either. I traded it for Bitcoin and made quite a large % profit (in sats). That's why I say the coins I still hold are more lottery tickets than anything. If they go to zero I don't care and if they moon I just trade them for more sats. I suspect in 5-10 years I'll have no shitcoins left.
What about people owning Bitcoin and fiat ?
Since fiat is still a unit of account, I don't think this applies to those who own bitcoin and fiat. I sometimes hold a little bit of fiat only because I'm about to spend it on bills, and the rest I'll put into bitcoin. But shitcoins are not units of account, mediums of exchange, or stores of value; they are only used for gambling and finding a greater fool.
I understand where you come from, but we should be careful to not see just black and white.
For me all fiat are shitcoins, and how you described shitcoins applies to fiat.
But fiat promoters will also tell you Bitcoin isn’t an unit of account, medium of exchange, or store of value, and is only used for gambling and finding a greater fool. Everyone has their views.
You might hold “a little bit of fiat” but I can bet you plenty of Bitcoiners still hold “a lot” of fiat. Where’s the threshold to be labeled a shitcoiner then?
Is someone holding 0.01 ETH and $1k fiat more of a shitcoiner than someone holding 0 shitcoin but $ 1M fiat ?
All great points! Though I don't quite agree that the way I described shitcoins applies to fiat. Yes, they all basically have identical qualities, but my point was simply that I only use fiat because I'm forced to use fiat by those who refuse to accept anything else. The moment that lack if choice goes away, I'll gladly pay with sats.
You made an excellent point with your question at the end, though. So, I think it demonstrates that being a Bitcoiner isn't about how much of your wealth is in Bitcoin and/or something else, but it's about 𝘸𝘩𝘺 your wealth is in Bitcoin and/or something else.
For example, I held bcash for a while after the 2017 hardfork, not because I thought bcash had a future or because I was waiting for it to pump so I could sell it for more bitcoin. No, it was simply because I didn't know how to get rid of it! 😂 I sold it as soon as I learned how, and while I was grateful for the extra sats, that wasn't my intent in holding it in the first place. I only held it for a time because the hardfork made it unavoidable! And then I sold it because I believe it's a rotten and immoral project to its core, and I didn't care for whatever price I ended up selling it at.
Likewise, if someone owns Bitcoin and also stock in a company that they really believe in and want to support, or land that they one day want to build a house on, or fiat that they plan to spend on food and bills soon, or anything else, I don't think that makes them any less of a Bitcoiner. But, if they own any of those things and very little bitcoin because they're speculating that those things are safe and Bitcoin is risky, then they're ultimately bearish on Bitcoin, and are therefore not what I would call a Bitcoiner. The same goes for if they only hold a crypto out of speculation and diversification, hoping to dump on others later to get more sats.
So, all these ramblings of mine (thanks for reading it all, by the way) are to say that we really can't determine whether someone is a Bitcoiner or not based on external characteristics like what they hold in their portfolio. It's entirely a personal matter of one's heart and intentions for what they own, and since it's impossible to know exactly what's in someone's heart, I think it's wrong for any of us to judge anyone based alone on what they own.
I base my point that we have lived in a Fiat world, in a Fiat standard. Most of us cannot choose (yet) to fully opt out so having fiat is the normal.
Instead you actively choose to opt in shitcoins for those gains.
This makes you a shitcoiner.
Person A holds : 1 BTC, 0.001 ETH, $1K fiat.
Person B holds : 0.5 BTC, 0 ETH, $100K fiat.
I person A more of a shitcoiner than person B ?
Person B is a nocoiner who wanted the excitement of having bitcoin.
What's the fiat to BTC threshold between nocoiner and bitcoiner ?
I draw the line psychologically more than with ratios btc/shitcoins
If you're deep into the bitcoin rabbit hole, you may have some Fiat to buy the dip, to deal with some emergencies or whatever.
If you have shitcoins, you're either delusional to believe PoS is the future or you're a member of a cult.
Appreciate the reply, but that wasn't my point.
Psychologically, someone can say "I hold some shitcoin to sell it after a shitcoin pump, and buy more bitcoin."
For me, it's as unethical than saying "I hold some fiat to sell it after a bitcoin dump, and buy more bitcoin."
So I caution against "drawing lines", because it's rarely that black and white.
Everyone is different and has his own motives, and as Bitstein explains eloquently, everyone is a speculator.
Scambait the scammer. lil hobby of mine.
Hey I say bit Bitcoin, and if you want to gamble on something else, why not? Caveat emptor..