Post
Topic
Board Bitcoin Discussion
Re: Strong Hands Are Buying
by
Inwestour
on 29/11/2022, 09:49:24 UTC
We likely need to keep in mind that frequently there can be a difference between items that might be highly marketed and items that actually have substance, so part of the ongoing battle with bitcoin seems to be that it has strong fundamentals and likely substance in terms of various aspects of its utility to have the ability of individuals to be self sovereign with their money and also likelihood to hold and increase in value in the long run - while at the same time, a lot of the bitcoin imitators rely heavily on marketing and the perception of value - contributing to confusion in a variety of ways - including that frequently very smart folks are likely getting behind pump and dump shitcoins (and vaporware) that sound good on paper but they frequently are not developed but instead meant to take advantage of people... which causes additional confusion regarding the extent to which bitcoin differs from the snake oil products.
Absolutely right, that is why bitcoin has a great future, because it will exist for more than one decade, and not like some unnecessary coins that can be squeezed out in a few years, everyone who understands its advantage will invest in bitcoin. Manipulators are very good at pumping their shitcoins, and there will always be those who wish to use opportunities in this "trap" and maybe even get lucky a few times, but in the end we all know what investing in shitcoins leads to. I once already checked it on myself, I learned the lesson, I don't want to repeat this againe.