I agree with you a lot Princess but I don’t agree with you about shitcoins not having a future, the way you sound right now makes me believe you think all other coins aside Bitcoin are shitcoins.
Actually, aren't they? Shitcoins are shit. Whether they have been shit for a while, or new . Why is Bitcoin so different from shitcoin?
Here's why.
Bitcoin has value because it can be exchanged for and used in place of fiat currency, but it maintains a high exchange rate primarily because it is in demand by investors interested in the
possibility of returns. . Emphasis on the last part.
Bitcoin can easily be traded for cash or assets like gold - instantly and with incredibly low fees. This makes Bitcoin a great investment for people looking for short-term profit, as well as those considering long-term investment due to its high market demand. The total number of BTC ever to be in existence is capped at 21 million. This scarcity creates a sense of value and exclusivity, similar to precious metals like gold. Insofar as the demand for Bitcoin increases over time, the limited supply acts as a catalyst, driving its price higher and higher, do you get that?
Bitcoin (BTC)
Market cap
$1.30 Trillion
Current price
$66.221
.
Shitcoin 1(ETH)
Market cap
$390 Billion
Current price
$3,254
.
ShitCoin2 (BNB)
Market cap
$86.3 Billion
Current price
$577
.
Shitcoin 3(SOL)
Market cap
$69 Billion
Current price
$154.53
Investing in shitcoins is simply gambling. Shouldn't be referred to as investment. If you didn't get it, read it again. Any and every coin that isn't Bitcoin is shitty. Bitcoin has proven to be the one and only time and time again.
That's actually not the right explanation on what makes a shitcoin a shitcoin. Or it's probably just people having different definitions on what shitcoins actually are. BUT if you ask me, shitcoins are those networks that have incentive structures that don't make sense. They may be sort of working today, but that doesn't mean there isn't an attack vector that could be exploited tomorrow.
Those coins that you have in your list all use Proof of Stake. That itself makes POS networks open to attack vectors that could originate from flaws in its incentive-structure.