Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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.
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.
In general I agree with what you say, however, if you went in at the beginning or the start of Ethereum, I supposed that should qualify as "long term". It has different uses. But if you went in at almost any few months or years after the ICO, then yeah, that kind of long term not from the start wouldn't make as much profit.
Short term can go either way for any shitcoin.
I keep an open mind about the bigger coins and some of their tokens.
Your "keeping an open" mind likely contributed to your getting royally fucked in the path, and so you seem to be unwilling or unable to learn any lessons, and for some reason you believe that investing in some piece of shit like Ethereum has any kind of meaningful long term viability - even though it is just smoke and mirror bullshit that has other smoke and mirror (including a large number of scams) building on top of it.
Most of them are probably either not worth looking at unless you know some good references that are in that particular space, but even then they are all risky bets.
Well at least you recognize that there is some risk there, but surely, you are able to identify the few supposed gems, right?
I'd go in for the tech, and this holds true, for example, for some use cases or features, such as privacy, or particular smart contracts or something else.
Oh gawd...
Now we are going to devolve into details of what makes a good shitcoin not to be shit?When BTC started, in the first couple of years, most everyone was in for the tech, and had random people sending thousands of BTC to each other and 5 from the faucet and what would seem like absurd amounts.. 10k for pizza and all that.
Sure, a lot of shitcoiner get into troubles when they are starting to attempt to compare their shitty project to bitcoin.. and to say bitcoin "historically" did this, this and this, and therefore it is logical that shitcoin x, y or z, could do blah blah blah..
yeah right...
Surely, misplaced attempts at analogies.This is where amounts below $100 per whole BTC coin doesn't make much sense to include in calculations since it was not really that much valued yet, from an earlier discussion in this thread.
There are a lot of ways to attempt to assess bitcoin's historical value, and whether it might have been overpriced or underpriced, but still seems to be a bit of a waste of time if attempting to make some assertions about what some other coin (shitcoin) might or might not do... and even it has a lot of ways of interpreting to plot the prices where bitcoin has been, where it is at right now and then trying to say that it was over or undervalued at certain points, but even some of those assessments might have some assumptions regarding where bitcoin is going.. even though such assessments could also just make historical assessments based on where bitcoin prices are at this particular time.
So then the question might concern how any of us might be using such assessments. Are we trying to figure out our bitcoin allocation versus other assets or are we trying to use that to figure out whether to get into shitcoins and if so, to make assessments regarding how much?