Quote from: larry_vw_1955 on Today at 12:19:49 AM

Quote from: franky1 on September 25, 2024, 05:59:25 AM

you need to really understand the many factors of bitcoin economics to realise why even the most highly paid economic strategists of wall street have even bothered to invest billions in labour and research and operating budgets to get things like the ETF's activated and operating

i don't necessarily know why wall street would have any interest in bitcoin. nor do i care because bitcoin is not a company that has a product or service. it probably doesn't even belong on wall street. and these people you are talking about on wall street i doubt many of them even own any bitcoin at all. it's just something they talk about but don't really care about. why should they? bitcoin didn't make them rich. they got rich by fiat.

you have been on this forum for 3 and a half years and your education about bitcoin seems to be equal to someone with 2 weeks research. are you purposefully acting ignorant to be spoonfed information and then ignoring it to annoy people into repeating it.. or are you just trolling?

you have been told things before and then you act like you know nothing. all in an aim to pretend your preferred altcoin is better somehow.. everyone else on the forum (well 98% of them) know that your preferred altcoin is not superior and infact has more issues, so it might be worth you doing some proper self education to learn about bitcoin and your altcoin to realise where you should store your wealth long term..

a hint in May 2022 your preferred altcoin stabilised to shadow follow bitcoins trades the ratio of btc:eth was 1:12 and slowly now its 1:24 meaning that although the alt tried to shadow follow bitcoins trades it keeps losing price pegging strength and cant stay inline at a stable ratio..

eth also has a very low underlying cost of minting blocks and so its difference between bottom value($50) and current price ($2.6k) shows that your preferred altcoin is speculating at a high premium compared to value. where as bitcoins bottom line value in q3 of 2024 ($50k+) and is price ($65k) is nearer to value and a great opportunity, as the ability to speculate to a premium is better for bitcoin, where as ethereum has better odds of falling DEEPLY