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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.
Maybe we even knew Bitcoin was the main event, but wanted to trade other coins to earn more Bitcoin
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.
Can a shitcoiner ever grow into a Bitcoiner?
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.
I hear this over and over... trade shitcoins to get more Bitcoin. Trade airtoken and airtoken not to hold... but to get more of the 'real stuff' (aka btc).
The problem of course is that nearly everyone trading altcoins is doing the exact. same. thing.
So noone wants to hold altcoins, and the vast majority are a desperate race to the bottom. If all the 'traders' can't wait to dump the altcoins to 'get more Bitcoin' then who actually holds the altcoins? It's like 'who can dump them the fastest... get in then get out quickly' it's completely self-fulfilling.
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This is why I think seeing the lift is less about knowledge and more about the battle with self. Most people know deep down what the real deal is. But their ego and greed is too blinding. I think people have to go through their own shadows or hit rock bottom to get the final message.
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It really is a matter of growing up. Some of struggle to want to grow up and see reality. A lot of us want to believe we can win the lottery or hit the jackpot ag the casino. It's not going to happen. There are no free lunches. Good to hear that you were able to see through it early on. Thanks for the share.
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