My perspective is that the price in dollars is the economic signal that speaks for itself. I had Litecoin and Dash for a long time then traded into #Bitcoin because all other have declined relative to BTC over the last 6 years I have held them. Value is subjective, but clearly the market overall values Bitcoin more than any other digital asset, as reflected in the price in dollars. Bitcoin is making global waves. From a distance, diversifying and just wasting resources on useless things look similar. People who diversified into mortgage-backed securities or NFTs didn't do themselves any favors. I'm not convinced it makes sense to diversify into assets that decline over time or that are purely speculative. Everything over 21 million - diversity is overrated.
#nostr #nostriches #plebs #plebchain
Replies (5)
Fair enough take. But what if Bitcoin gets compromised? Its not as decentralized as most people think.
Maxis great Bitcoin as some sort of holy religion. It's a cryptocurrency and probably the best one there, but its nonetheless foolish and anti innovation to not examine other projects when they hold merit. Most do not, some do. "All altcoins are a scam" is a silly statement.
You have been deceived the altcoins are all scams intended to steal your capital. Bitcoin is the only currency worthy of your value.
You can't say theyre all scans. You dont actually know that. Most - probably. But its is a moronic statement. Are you in a cult 😂
I can say that because there is no second best.
There are only few Bitcoiners left these days that are not guided like the sheep they claim not to be.
Ask yourself: How would you have imagined the ...and then they fight you stage 10 years ago?
Would you have come up with the scenario that currently Monero (delisting, ban, price suppression) is facing or Bitcoin (KYC compliance, ETF, media coverage)
You know what: The revolution will not be televised.
