A Bag of Shit is Still a Bag of Shit Regardless of How Much Do You Have

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It is obvious that this will be a "shitpost"... lol... But, not because it doesn't have value in it, but because it has SHIT in the title... :) I will try further to keep this topic more serious in the post, so bear with me... If you are easily offended, maybe you should skip reading... :)

As we are still in the "kind of bear markets" crypto "experts" are throwing certain messages that are very convenient for this time... We all know that bear markets are the best time to build up your wealth and to make some nice gains when it starts to go up, but...

There is also another side of the coin in the bear markets... All said above stands, but the bear market can last a looooooong time... We all know that a week is a long time in crypto, but this can last months and year(s)! Those who have survived some bear market before, know that it's not fun at all when it takes a lot of time...


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As a matter of fact, it's not the time that we have to be patient with a problem... The problem is on the other side, the one that doesn't depend on us, but on others... Every next day of a bear market hurts certain projects a lot, taking out their value... If they aren't strong enough, don't have use cases, or have lack development, they will not survive...

A bear market can wipe out Top10 cryptocurrencies in a year, now imagine what can it do to some small token or a Hive-Engine token here on our chain...

So, be careful if you follow "YouTube crypto gurus" that are giving you the advice to buy tokens just NOW as there will be no other chance to do it... I could agree with DCA-ing into Bitcoin or Ethereum, but I wouldn't jump into some other tokens at this moment (except HIVE... lol... and this is NOT FINANCIAL ADVICE)...

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Buy the dip or catch the falling knife? That's the main dilemma at these moments... When you want to convince yourself that you have done a great crypto purchase, you are bragging about how you "bought the dip"... But, in a couple of weeks, you will notice wounds in your hands from those falling knives...

Yes, there are plenty of tokens for some great prices, but that doesn't mean that you have to buy them all! 99% of them will probably stay at the same price or die if the bear market continues for a couple of months... So, you have TIME that you can invest to RESEARCH those projects BEFORE investing! Use it wisely, search for more information about tokenomics, use cases, planned growth, availability of developers, upgrades, updates, communication with the community... What token has unique, why it's not replaceable, etc...

You should imagine this moment as your starting point, as a new beginning from ZERO for all tokens... It's time to revise your portfolio and exchange worthless tokens for others that have a future... Don't be stubborn because of your emotions... Don't go MORE into tokens just because the price is better than yesterday... Pick wisely...

It doesn't matter if you have a full bag of shit or a half bag... It's the same... You have a bag of shit... You can label it as you want it, but the content is still the same... The quantity is irrelevant... Zero multiplied by zero is still ZERO!

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I saw many comments from inexperienced users that were hypnotized by saying "buy the dip" running into fallen projects like in the slaughterhouse... Without knowing the POINT of the token, not even a clue how it works and how many will be printed more in the next month, or two... Inflation over inflation... If you think that inflation in RL is big, imagine that multiplied by 10, 100, and you will get the inflation of certain tokens...

This is just a late-night blogging post, but you should ask yourself a lot of questions before investing... In the end, I would point out just a couple more...

The token that you want to buy, how old is it? More than 2-3 years? So, it had a bull market to prove itself worthy... Did it work then? Why do you think that it will work in the next one if it didn't work in the first place? Because you bought a full bag of it...?

These are my own opinions and you can agree or disagree with them... Either way, I would like to hear your opinion about it! Use the comment section wisely... 😃

Thank you for your valuable time,

~ph~


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38 comments
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I like your humorous posts. A bag of is still a ahh. You a comedian !

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When I look at the top 10 cryptos, it doesn't inspire me with too much confidence! There is some serious trash even there. I would expect to have seen some established cryptos with great track records but we have pretty much just BTC and ETH.. many coins with unlimited supply, memetokens etc..

I have a couple of Alts on my radar for some speculative bets, but yeah, buying BTC and ETH is enough exposure for this sector.

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If we look at the Top 20 just 4 years ago, you will get the picture...

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That is May 2018... I was then in crypto, and in those moments, I would bet on IOTA, and NEO... where are they today? I don't want to mention others that are disappeared... and market conditions at that exact moment were similar to today...

Most of them are still alive, but BETTER projects overtook them...

!PIZZA

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That's great to take a look back and see some fresh perspective. !PIZZA

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Smart money is just dumb money that's been through a crash. Sometimes it's best to go through a long bear market to really understand how emotions play a big part in our financial decisions.

Also, Today's panic sellers will be tomorrow's panic buyers.

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Agree... Everyone should go through a long bear market to get the "feeling"... My intention is to try to help those who weren't there to go through with fewer mistakes than I have done... But, in that way, I'm taking part of the experience that is the best lesson...

Also, Today's panic sellers will be tomorrow's panic buyers.

I have wanted to avoid the word "sellers" in the post as it's definitely a bad moment for that, but... The word "exchange" is more proper for this moment as it involves a transfer from one crypto asset to another, hopefully, more valuable in the future... It's not cutting the losses, it's investing in better...

!LUV

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(Edited)

PIZZA! PIZZA! PIZZA! PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
ph1102 tipped mypathtofire (x1)
@ph1102(3/5) tipped @gadrian (x1)
ph1102 tipped r1s2g3 (x1)
mypathtofire tipped ph1102 (x1)
ph1102 tipped bitcoinflood (x1)

Learn more at https://hive.pizza.

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Yeah, a bag of shit is still a bag of shit. You can only polish a turd so much cough USDD cough

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hahaahah... Indeed... that example is perfect... I have no idea what's the point of that shit... How can that succeed, if the previous failed...

!WINE

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It won't, he'll bait as many people as he can with 40% APR and then dump on them all. I love crypto :D

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Big point right there some tokens will lose value and end up being bad projects/investments you gotta keep pivoting. Critical things to look for are social, hype, on going development.

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Yup... Investing is dynamic and crypto projects are very fast developing (and sometimes fast dying) so we have to be vigilant!

!PIZZA

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a truer meme was never blogged
!PGM

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Zero multiplied by zero is still ZERO!

Zero multiplied by any bag of shit is still ZERO!

Nicely explained and very good post but I will still send !LOL for the way ,the message is delivered.

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hahaha... Thanks for the tokens! The point was to shake up people and easily explain the real problem... :)

!PIZZA

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That is some sound advice and I agree that people need to consider the long-term outlook for the token based on their own research. We all know that crypto is developing technology and there will be plenty of dead cryptos as this progresses.

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!BEER

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Thanks for the !BEER!

Just one question... I saw that you have STAKE (instead of delegate) 1 WORKERBEE to my account... Was that a mistake or a tip? If you have made a mistake, I will send you back that 1 WB...

Cheers!

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Smelly, but very important warning nonetheless, lol.

In the rush to fill the bags because it's the bear market, and now it's the time, many may pick up some worthless tokens, because they were advertised or because their price dropped more than the average.

And when I see people saying the bear market is over, I'm thinking they'll be the first to dispair in a few months.

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The bear market is a perfect filter for cryptocurrencies... Those that are valued something and have development, will survive... Those that were only caught a bull wave will probably die...

!PIZZA

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Ha ha pretty interesting title and you are right that how much small token we have doesn’t matter and I do not follow any YouTube crypto guru for advice for sure. Even I don't follow anyone because I prefer investing time and earn. In future I have plan to follow my own research. Wish me luck. Thanks for sharing this shitty blog 😂🤣 its helpful indeed!

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Lots of good advice packed into this post!

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