Quote from: Barikui1 on April 16, 2024, 07:24:09 AM

Quote from: Dorkylickjj on April 15, 2024, 06:17:28 PM

Quote from: JayJuanGee on April 15, 2024, 01:24:04 PM

Wow if you are picking out some other shitcoins, then it appears that you are trying to pump which shitcoins happen to be less shitty (and your choice of less shitty coins happens to be ethereum and BNB), so where does that lead us.. It leads us to being off topic and talking about irrelevant bullshit of whatever thousands of potential other shitcoins...

Ain't nobody got time for that

Exactly the point I was going to raise. This is a Bitcoin forum, buy the dip and HODL. Specifically talking about Bitcoin accumulation. We don't need some confused people coming to advertise shitcoin here.

I think we really need a 'fuck off' button. Or an off topic flag kind of thing on here 😂. It also pains me that anyone would see any other coin as a Bitcoin alternative

Anyone that think that in the crypto industry, their is an alternative to Bitcoin is just making a fool of himself, because too me, is either he or she is misinformed or uninformed, because if you look at the historical price performance of Bitcoin, you will know that it always rally back even when it's going through some rough path.

But with shit coin? Their are so many red flag attached to it that will make no inform person even have a second thought on gambling on it, because that's what it is, investing in shit coin is just gambling, something that falls more than it rise, and when it falls, their is a 98% chances of it not getting back to it previous value again, that's why it really pissed me off when I see someone is talking about diversification in the crypto industry, As if their is anything like Bitcoin in the crypto space.

From my perspective, the reasons NOT to invest into shitcoins does not have to do whether or not they will rally and whether bitcoin might not end up going to zero, because we should realize that either of those things could end up happening.

Quote from: Obulis on April 16, 2024, 09:53:33 AM

Quote from: Samlucky O on April 15, 2024, 04:00:41 AM

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If I am asked, shit coin or no shit coin. I believe bitcoin didn't start were it is today, by implications it was more or less a shit coin back in the days therfore so far as crypto or digital currency exists and continues to be, other existing crypto has a chance even those that haven't been made..

You sound really lost. You seem to not know the difference between the head and the tail of the dog. Sure the tail is part of the dog, but the tail does not wag the dog, it is the other way around. An overwhelming majority of shitcoins are largely either copying bitcoin or trying to tweak bitcoin in one way or another, and many of them are not truthful about what they are doing, which also includes that even if they were merely trying to build upon bitcoin, then why do they need a separate token?

The reason is because they are scams that are trying to print money for their founders.

Almost all of the time, they do not and they are largely misleading the public in what they are doing. Maybe one good thing about shitcoins can be testing grounds for bitcoin, even though scammers end up being involved and innocent people sometimes end up getting hurt through the existence of those testing grounds... and yeah, it is not like we can wish them away. Shitcoins are going to exist, but we don't need to promote them or even talk about them in this thread, unless it is either just incidentally mentioning some aspect of some various shitcoins or maybe to denigrate something going on with shitcoins, even though sometimes the mere mentioning of shitcoins through denigrating them may well not be necessary.

So surely if some shitcoin were to really take over bitcoin and be an improvement upon bitcoin, then it better be in the ballpark of 10x better or even greater than that in order to convince folks to move over to it.. If your various shitcoins are not in the ballpark of 10x better or more than bitcoin, then they have not met a high enough threshold to gardner the monetary value within the principles of Gresham's law in which value is going to flow into the highest and best of assets, which goes without saying is bitcoin.

One of the reasons that bitcoin is going to take over from both gold and fiat currencies, is that bitcoin is greater than 10x better than either of those systems.. We might not know exactly how much better, and it might not matter, but likely bitcoin is in the ballpark of 1,000x greater than gold, so yeah it could take 50-200 years for the investment thesis to play out, yet right now you can get bitcoin at a bargain price since it is ONLY around 1/10th the price of gold (talking about market cap, don't get distracted by other ways of measuring such).

Quote from: Wind_FURY on April 16, 2024, 10:58:25 AM

Quote from: Troytech on April 16, 2024, 09:19:43 AM

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That's right! BUT SOMETIMES, especially if you've spend years watching/researching/learning about these different Ponzis and "narratives" in the cryptocurrency world, there will definitely be " opportunities" to make money in shitcoinery. Personally, during this cycle I would prefer to do my shitcoinery that's denominated in Bitcoin natively, and there's a new narrative being pushed after experiencing the potential of Ordinals. That narrative is Bitcoin Defi. It will potentially unlock more Bitcoin capital ithan what Ethereum currently has in its network right now.

Fuck ordinals and bitcoin defi.. but at least it is both related to this topic of bitcoin and it is part of bitcoin (not really creating new coins because pegged to bitcoin, even though creating a lot of shitty related products to claim extra value, but still part of our current bitcoin and a bit questionable - even though we cannot really stop them from being done while preserving bitcoin as the current uncensorable thing that it is).. so we likely cannot really deny those bitcoin-related ways in which people are trying to peg their crappy products to king daddy and so in some sense the ordinals and bitcoin defi is a part of friends and enemies using bitcoin..

By the way, the concept of defi is kind of stupid and meaningless in any other project, except for bitcoin, since bitcoin is the true defi coin (project), so anything claiming to be defi needs to be built-upon or somehow pegged to bitcoin in order to be defi (rather than defi in name only).