"cryptos" are just cheap imitations or scams. Any useful idea brought forth by a crypto project can be built on the bitcoin network. people like to say "bitcoin is myspace, insert-favorite-shitcoin-here is facebook". This demonstrates a fundamental lack of understanding. Bitcoin isn't a product like myspace. Bitcoin is a protocol, like TCP/IP that layers are built on top of.
They're all distractions to take your bitcoin and at the end you're holding their bags of shit. Don't believe me?
Pull up a chart.
Your shitcoins look high lately right?
Now instead of dollars compare it to BTC. (i.e. if you're looking at ETHUSD, pull up ETHBTC). Make sure you're looking at an exchange with some REAL price history.
You'll see your shit that's mooning has steadily been losing value when compared to bitcoin, not dollars which we all know are worthless.
You can also do this same comparison with your investment asset of choice, in the end BTC wins.
free resources to check it out for yourself:
tradingview.com
satflo.com
Sure you may get a momentary pump in USD value, but like I said...compare it to BTC and you're still down.
If you plan on holding ADA long term I suggest you look into Charles Hoskinson's past partnerships and business dealings it's quite easy to see that he's running a scam.
I plan to sell everything after another ATH in the next month and invest in my business. Doesn't matter if it's a scam if it makes me money.
I do understand that the market is manipulated by whales, similar to gold and silver, but that also doesn't mean at least some won't have real world value in the next decade.
I plan to sell soon, invest in my business, and possibly buy more when it all crashes in 8 months, then sell again at a profit in a couple years.
you made a quick profit in dollars......where 40% that's in circulation was printed in the past year alone. meanwhile doge (and all assets) continue to trend down compared in BTC value
Of that 40%, if most of it goes into paying down black-book debt, buying the bonds of companies that eventually founder, with a dribble going into the "inflation sinks" of crypto, prices of most real-world goods aren't necessarily going to rocket.
Sure. But before inflation catches up I can spend in assets. I have 4000 roumds of well stored ammo, got some silver on the way, considering buying food from like mypatriotsupply or a similar one that can hold 25 years, etc.
The loss of value for a shitcoin is likely due to a lack of adoption by the masses, and not due to some scam involving a tie-in of incompatible protocols.
i know it's extremely lengthy, but this is an important read so please make the time. Feel free to read it with the intent to challenge my views on BTC. There's also an audio copy on Spotify and Audible
this doesn't belong here but ill bite
"cryptos" are just cheap imitations or scams. Any useful idea brought forth by a crypto project can be built on the bitcoin network. people like to say "bitcoin is myspace, insert-favorite-shitcoin-here is facebook". This demonstrates a fundamental lack of understanding. Bitcoin isn't a product like myspace. Bitcoin is a protocol, like TCP/IP that layers are built on top of.
They're all distractions to take your bitcoin and at the end you're holding their bags of shit. Don't believe me?
Pull up a chart. Your shitcoins look high lately right? Now instead of dollars compare it to BTC. (i.e. if you're looking at ETHUSD, pull up ETHBTC). Make sure you're looking at an exchange with some REAL price history.
You'll see your shit that's mooning has steadily been losing value when compared to bitcoin, not dollars which we all know are worthless.
You can also do this same comparison with your investment asset of choice, in the end BTC wins.
free resources to check it out for yourself: tradingview.com satflo.com
ADA is going to the moon.
Sure you may get a momentary pump in USD value, but like I said...compare it to BTC and you're still down.
If you plan on holding ADA long term I suggest you look into Charles Hoskinson's past partnerships and business dealings it's quite easy to see that he's running a scam.
I plan to sell everything after another ATH in the next month and invest in my business. Doesn't matter if it's a scam if it makes me money.
I do understand that the market is manipulated by whales, similar to gold and silver, but that also doesn't mean at least some won't have real world value in the next decade.
I plan to sell soon, invest in my business, and possibly buy more when it all crashes in 8 months, then sell again at a profit in a couple years.
Eh i put $10 into doge at .01 and made 60 dollars profit in a week when Elon tweeted out "DOGE" hahaha
i think you're missing the point.
https://www.tradingview.com/x/QF7MrKmT/
you made a quick profit in dollars......where 40% that's in circulation was printed in the past year alone. meanwhile doge (and all assets) continue to trend down compared in BTC value
Of that 40%, if most of it goes into paying down black-book debt, buying the bonds of companies that eventually founder, with a dribble going into the "inflation sinks" of crypto, prices of most real-world goods aren't necessarily going to rocket.
Sure. But before inflation catches up I can spend in assets. I have 4000 roumds of well stored ammo, got some silver on the way, considering buying food from like mypatriotsupply or a similar one that can hold 25 years, etc.
You go ahead and do that while all assets lose value against BTC.
I, on the other hand am taking dollar loans from my bitcoin collateral to purchase any assets I may need.
Not all of them, but yes most. You have to time it right
Yes, all of them.
The loss of value for a shitcoin is likely due to a lack of adoption by the masses, and not due to some scam involving a tie-in of incompatible protocols.
Are you suggesting that if people get into crypto they should stick w btc?
Yes.
https://unchained-capital.com/blog/bitcoin-is-the-great-definancialization/
i know it's extremely lengthy, but this is an important read so please make the time. Feel free to read it with the intent to challenge my views on BTC. There's also an audio copy on Spotify and Audible