Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Wind_FURY
on 22/10/2024, 04:58:27 UTC

Bitcoin is a digital currency which is the king in the cryptocurrency world and all other coins are ministers.


"Ministers"? Haha.



Quote

If you look around you will notice that people are reluctant to give details on shitcoins, or give examples that are highly controversial. Bitcoin is undoubtedly the king of the crypto market because when Bitcoin falls all cryptos fall to a higher or lower degree, but when Bitcoin rises, altcoins do not rise to the same degree. You can make good investments in altcoins and shitcoins, if you know exactly when to get in and out, but not for long.

As a point of empirical observation almost any currency other than bitcoin will look like shitcoin at some point. We observed that many people lost hundreds to thousands of dollars of their money to Shitcoins.


 Roll Eyes

As a "point of empirical observation", and once you gain some understanding on how Bitcoin actually works and how its incentive-structure is making everything stick together = ALL altcoins will look like shitcoin scams compared to Bitcoin.

Perhaps those altcoin developers know that too, and they will never admit it.

   ¯\_(ツ)_/¯