1. Predictable BTC loss is destabilizing. Every transaction includes risk of loss, meaning a greater portion of supply that is immobile will grow. No, that's not solved with divisibility. The world cannot have confidence trading it's wealth in 1 million BTC with 20 million sitting on chain immobile. If another million can suddenly wake up because an unknown pool has been hoarding them, it wrecks the market.
When we are diving into crypto I think at first we have to know the risk of possible loss, you cannot jump into an investment that you don't personally know.
2. Big tech trends towards monopoly, BTC will eventually be controlled and one pool will control 51%. Dominant pools already have emerged, which means Monoply is inevitable. A truly decentralized system has no components that trend towards centralization.
Just go with the flow, we all know that in crypto space pump and dump is quiet common. If Bitcoin don't work with you then just don't take part.
4. It's a piece of code. It's not actual gold, AU, which is fixed on the Periodic Table as an element. There is no "AU.version3.45", and you can't copy it and turn it into ButtCoin.v2
For me Bitcoin is digital gold, physical gold is different.
5. BTC has value only in it's "potential" - which creates real transient value because people want it - but that only runs until is potential declines. It's a fad. Like any pump and dump, the profit is in the sales.
Since Bitcoin is a revolutionary digital currency, people might need it's potential rather than want it.
6. BTC's real profitability is through market manipulation, the absolute value is irrelevant. Coordinate actions by whales, or quotes by Elon Musk can cause big moves. It's profitable in both rises and crashes, with the retail investor paying the price.
True. That is the reason why some traders made millions of dollars based on the market status. Hodlers also make profit with this kind of situation. The solution to this is buy during dip, apply DCA, and then hodl.
7. Elites run the world and fiat is easier for them to manage, and pleebs follow them in exchange for small boons. Elites move their fiat systems to CBDC with an XRP model, since XRP was designed to emulate a Fed (which is why us government locked it down). It mints and owns the XRP and passes them into circulation to banks it sees fit. No, your XRP will have no value Sad. They will copy the code and issue CBDC tokens.
The reason why I only own Bitcoin. Based on my observation, investors were quiet active in Altcoins but at the end of the day they end up converting all of it to Bitcoin. 😅