Post
Topic
Board Economics
Re: Why Bitcoin is the only crypto you should BUY
by
Woodie
on 10/02/2024, 20:17:05 UTC
The way I see it, all bullshit token and coin abandons are done for this one reason; they only have one purpose which I will explain better...
We saw Luna and FTT are made for a reason which is to support those companies themselves, the day these companies drop their token or their currency will drop too.

That's why for me bitcoin is perfection because this previous one is multipurpose and its foundation is to avoid intermediaries there are no companies managing it, we will not be able to match satoshi due to the price drop(thats a clever move for him to stay behind the scenes).
In a pool of thousands of coins you expect to have some bad players especially that this industry remains unregulated which means any Jim and Jack is free to have their own token and try their luck if it will be relevant in some way.

And the fact that these tokens we have today serve different purposes, I think it's unfair to compare them to Bitcoin which has naturally been accepted for its  multipurpose use...but then again if you think about it these coins can be used for more than their utility use , and can be used as a digital currency and other uses.

Because we know that satoshi does not depend on a company to reinforce bitcoin.
And with this I finish all the currencies are a scam(meaning that the price can disappear) for me, personally  the legit ones they are btc and tether.

What do you think?
The named tether has a sketchy history if you dig it up, and for Bitcoin in some circles some people will tell you it's speculative and built more like a pyramid scheme...but at the end of the day we support coins that we believe in air whatever reasons and no one should hate you for it as we are entitled to our opinions.