What’s the play on Bitcoin? Hilary and Trump both agree Bitcoin is bad???
(systemupdate.substack.com)
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True. So will there be one dominant one or will there be a plethora of them that will be traded against each other depending on what sentiment at the time is for whichever crypto?
Bitcoin is the dominant one and there are a plethora of others already. They're all decentralized. Of course nothing beats precious metals though. I'd invest in a little of both.
I don’t mind buying some to diversify but it just seems like with 40000+ Coins. They can’t all be winners. An anon mentioned faith based ones are pump and dumps. That makes sense. The interview glen Greenwald did (in the linked post) made a good point. In concept it can decentralize control but in reality it has just made a small group of people really rich. Dunno much about crypto. Open to learn more so that’s why I’m posting for more input.
I hear ya. There's a lot of garbage coins out there. If you ask me, stick with the top 5.