Quote from: Dabs on Today at 12:06:32 PM

Quote from: shahzadafzal on Today at 06:28:34 AM

Quote from: Elwar on Today at 02:47:51 AM

Lessons from my past shitcoin purchases:

Converting from Bitcoin to ETH:
If I had kept my ETH in BTC the value of my coins would be higher.

Converting ETH to DeFi shitcoins:
If I had kept my DeFi shitcoins in ETH the value of my coins would be higher.

So:

BTC > ETH > DeFi shitcoins

“It requires wisdom to understand wisdom; the music is nothing if the audience is deaf.”
- Walter Lippmann

BTC > ETH > DeFi shitcoins

It kinda depends on when you went in. Had you joined the ETH ICO, they were giving 2000 ETH for every 1 BTC you put in. If you had held all this time since then that 1 BTC which turned into 2000 ETH is worth about $5m today.

As for all the other ICOs and DeFi tokens, maybe that's riskier, but for a lot of them back in 2017-ish, you could join the ICO and get out within a week after the ICO and you'd have at least doubled or tripled, but again, it's risky. Today, apparently some die within hours or days of launching. Some have some sort of staying power but the price still goes down.

Well exactly the way you said it... “depends on when you went in”, and with this logic I can argue even today in 2021 Bitcoin isn’t the best performing. Right?

That’s why when we say BTC > ETH (or any other shitcoin) we are only talking about the long term. Yes we can earn short term profit and make it a way to acquire more bitcoins but at end Bitcoin is the only store of value.