Casual retail investors can't get over the fact one BTC is so much money and doesn't return anything. When they see other coins are cheap and give 10% or 20% in "interest", and can rise in price like crazy.
Of course it always ends in tears...
Guys raise and argue those same points in this thread in terms of wanting to get yield on their bitcoin.. blah blah blah. when they seem to not appreciate that bitcoin is already designed to pump forever, in the sense that bitcoin already has a built in pumpening which is its soundness.
Casual retail investors can't get over the fact one BTC is so much money and doesn't return anything. When they see other coins are cheap and give 10% or 20% in "interest", and can rise in price like crazy.
Of course it always ends in tears...
yeah btc is like a 30 year t-bill with no interest. thus it holds back a lot of investors.
I don't think that is the proper comparison.
Bitcoin is more like some kind of an instrument in which you cannot see it's built in appreciation - even though you can actually historically see that BTC has appreciated (and implicitly quite likely to continue to appreciate) if it you analyze its price performance on a longer term time horizon.
All this drama and garbage surrounding LUNA and TerraUST, meanwhile exactly zero people can explain to me the purpose, utility or usefulness of either one. Especially when other solutions already exist.
Waiting for Do Kwon himself to come in here and debate me on his garbage coins.
Because he would lose that debate soundly.
The emperor has no clothes, and his size is not size.
I am not going to proclaim that you are not a potentially great debater Torque.
But, you hardly seem to be challenging yourself if you are wanting to debate about whether a project that went to zero faster than any other project in history has much if any value.. seems like a layup, rather than anything that would actually be challenging to debate.