I would love to hear from @Coinsreporter if you are open to sharing. Are you still dealing with other coins or are you a Bitcoin only yet? I have seen stuff shared on stacker showing that you have shilled other coins in the past. I don't judge if you still believe in other "cryptos" but I am curious if you have learned the lessons yet to become Bitcoin only?

Yes of course. We can all grow, advance and improve as humans even former shitcoiners.

Actually shitcoins & gold is what has protected the Bitcoin I got at ~13800 in 2020...

Buying Ethereum at 200 and Monero at 30 made it so much easier to sell and spend those into the bear market, and also then spend the last stablecoins stashed away to buy in at 20k in 2023.

For too many reasons that are worth listing here I haven't got easy access to any fiat mines, actually the last time I had this "income" gig going was way back in 2018 haha!

It was not easy spend especially the gold, and yeah I lost some gains getting into the privacy space a bit too early in 2021, but overall I managed to get through all, while holding the same amount of Bitcoin since I totally melted my cards in 2020 ;-)

Another thing I find useful is to keep some stablecoins available for things like flying, I have used Travala for a couple of years, its a great service that just works. But, I do not want to manage even flights as a trade, its complicated getting the little travel I do right these days anyway...

Likewise I'll need to peel off some profits at some point later, the further I get in the process of starting some new, viable venture until then the less I need to convert of course.

I doubt that I've ever been below ~90% of value locked in Bitcoin versus whatever crypto I've used as tools, maybe except for when I made that 15x or so with Ethereum.

Another problem I've got is that although the Bitcoin community is getting around to producing platforms like SN and Nostr where I can get paid for content it also ignores functional projects like Hive, where I've made more on single posts than is realistic within the Bitcoin sphere.

Now, for these things too I do not want to venture outside of Bitcoin, which has been holding me back... I know I can get an interesting, rather comfortable and weird career in content, but only when I include any platform where I can earn, of course converting any excess gains into Bitcoin.

I've tried to discuss this part here and on Nostr, but its honestly like shouting into an abyss... I do hope Bitcoin comes around to rapidly building the same type of platforms, but I can also see a future where this does not happen... Competition to Hive and Arweave are the main things I need to see in order to go into content 100%, as of now I'm simply watching those projects to survive and get a boost into next year...

Might not read all replies, depends on the toxicity levels haha!

I definitely thought there would be something valuable at first in all the Altcoins. At the beginning I remember I struggled to even understand the difference between Bitcoin and Bitcoin Cash. I remember also I mistakenly enrolled for a hackathon for Bitcoin SV because the scam was good enough to use the name Bitcoin everywhere but in a small place where the logo had "SV" in it.

In my case I began in 2013 by selling Bitcoin to a Brazilian marketplace to make money with the asymmetry of information there was at the time between currencies. I remember that with a Chinese friend we tried to sell bitcoins but the Brazilian market was too small so it failed (I was the middle man with international connections to use multiple passports for KYC).

Then forgot about Bitcoin until 2017, then again in 2021 where thanks to Terra Luna I woke up with all the lies. Fortunately I didn't lose much money because for me the ethical aspect was more important than the return so I could not invest in KYC platforms and was very hesitant with Terra Luna. The other thing which saved me is work, as I couldn't do trading as I wished.

I think there are competent people in Altcoins but everything is so much rigged that competency in a field can be a disadvantage because of the noise and the money flows. One day their project will fail or be repurposed and eventually they might come to Bitcoin. The other problem I think might be an ego problem for public personas and admit they were wrong. Hopefully over time people will use social networks in better ways than pee on Bitcoin and there will be more recognition for its value.

Yeah. There's always room for growth. Always room for improvement, education and greater understanding.

I was a shitcoiner that worked in a couple defi projects, starting back in 2018. By 2019, Defi summer kicked off, and I was primed to go. I worked on one of the many ponzis, and was paid ~$4,000 a month to research other defi projects for our particular ponzi. I quit my full-time job for this. Ultimately, you stored your stables with us, and we invested in other ponzi's. We'd do the research and work to ensure we avoided the scams. My job was to find the scams, which meant dig into the team, their wallets, and read every technical document I could get my hands on. Then I'd write a report with necessary graphs and explain it to the dev team and community. For our project, there were 3 of us in the team doing this.

I learned a few things, and most of them kept bringing me back to two points.

Over time, I eventually just cashed out and went to Bitcoin entirely. I still keep up to date with some of the newer tech (zero knowledge rollups stuff like that) out of sheer curiosity, but I'd never buy another token. I still have some of my old Avax stuff I need to cash out as I was on a vesting schedule during last bull, but I will turn that into bitcoin. The vast majority of these "projects" are worse than you can imagine.

Nobody in "crypto" reads the WP / Technical Documents. We had an active community of 30k, we released regular reports explaining our moves. Out of 30k members, we'd get 12 views. It's just marketing, buzzwords, and TradFi bro's dumping on gullible poor people.

The more you learn, the more all the roads point in one direction. Bitcoin.

I held 4 shitcoins for a month before deciding to focus solely on bitcoin, so I wouldnt really call myself a reformed shitcoiner.

I thought that bitcoin would go up in value forever, and thought it was silly to do anything else than focus on the thing I thought was more of a guarantee to the moon. Later I found out that shitcoins were not just bad investments, but a scam, and not just a scam, a grift and distraction from the guarantee. Then I found out that bitcoin should be used as money, then I started comparing bitcoin as money to dollars as money, bitcoin as money to real estate as money, bitcoin as money to stocks as money. Then found out the whole system is a scam, the "adults in the room" are either lying or delusional and that we live in a deflationary world, not an inflationary one. Then I ran around like a lunatic trying to tell people and they treated me like.....a lunatic, some even pitied me because they thought I was falling for the bitcoin ponzi.

Dollar sat parity is a thing. You can stack millions of "dollars" a paycheck. Dont gamble your million to make a billion, a million will be enough. Dont need to take crazy risks to get ahead.....this is ahead. No need to gamble your paycheck at the casino for more satoshi's.

Absolutely! but I say this from the standpoint of someone who barely understands the gambling urge. Why play the game if the odds are against you. Why work a 40 hour work week and take your paycheck to gamble on carnival games.

Pretty much 90% of the bitcoiners I have met who were 2016 - pre-2020 seem to have been burnt on shit coins at some point or another. So yea definitely they can, as many are maxis now.

this cracked me up. MAN, this shit made sense to people -- incredible

Casinos are full of gambling addicts. 99% evolve into bums.

Early days, I was just bingeing YouTube vids, thinking I’m learning the “crypto game.” But what? Almost every so-called expert was hyping altcoins and NFTs... They made it sound like Bitcoin was too slow or boring. So, yeah, I dove in, chasing those “100x gems.”

And know what? 90% of people start like this... cuz most don’t wanna sit down and read or do deep research. They want shortcuts... quick wins. And YouTube? Full of influencers pushing bags they already hold.

I did some of that bullshit in 2017 bull run and also in 2021 one, so it taught me about 5 years to finally start DCA in 2022

people can learn and reform sure, it usually comes in the form of a rock-bottom money loss event, then you realize, all this gain chasing was for nothing and you see how much better life would have been if you had gone btc from the start.

however, I think if you are a person with a low dopamine threshold and prone to gambling and things, there's no hope for you

I’ve been Bitcoin only from the beginning but I was “late” (Class of ‘21)

Still, many go down this path. A Bitcoiner is anyone with Bitcoin. Real on-chain Bitcoin.

A Bitcoin Maxi only has Bitcoin.

A Toxic Bitcoin Maxi is welcome on Stacker News 🫡

I used to shitcoin. Used to. Still trying to get that stench off!

I think I have always been transparent about my posting efforts on Publish0x. It’s a website in which I get ETH and OP on the OP chain.

Honestly, I feel that while Bitcoin is in a league of its own, there is space for some cryptos to exist. The Singapore government stores our vaccination certificates on the ETH blockchain. Some American cinemas accept Dogecoin as payment. If these cryptos can help me alleviate my costs of living, then why not?

However, the longer I spend time on these shitcoins, the more I realise how wonderful our mothership is. ETH gas fees are freaking insanely ex. I posted about my problem here because my Publish0x earnings always get decimated to nothingness haha.

there is life before Bitcoin and life after Bitcoin!

in my experience, women are more commonly Bitcoin-only from the beginning than men.

Claro que sí .me pasó algo similar

Once they study bitcoin they will grow into a Bitcoiner. For most people, they only really study bitcoin after getting rekt by shitcoins.

That's a great story, and hats off to you for accepting it openly! For me, I never got involved in shitcoins because, from the start I had this thinking "Other than Bitcoin, it's all shitcoins." I just thought that anyone could create and throw out their crypto currency and people would acquire it, make it something of value, and use it as MoE? Seriously? Also, I never understood how NFTs even work or why there's so much fuss about them. It doesn't even make sense, and I never tried to learn a single thing about it. Another big reason is that the majority of people who own Bitcoin also hold shitcoins because, for them, it's a quick get rich method. It's very hard to convince them, and they argue like, "Bro, I’m gonna get rich; let me use my money my way. I want to make money nothing else." I have mad respect for shitcoiners who become Bitcoiners!

Mistakes happen that's why we are humans. But just repeating them isn't a wise choice very few realize the latter part!

Shipcoiners are professional scammers. They pick a meme coin and shill it to the nearest Shipcoiners whom they can fool and then watch what happens next and then rinse and repeat.

Fartcoin is the next Bitcoin.