Quote from: taufik123 on Today at 03:28:47 PM

Quote from: legiteum on November 05, 2024, 01:24:46 PM

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Yes, Bitcoin is the most popular digital currency right now. But it has major technical limitations in performance and cost that leave it wide open to competitors for the long term.

Long term, the lower cost option always wins out. It might take a while, but that's what happens.

If you want to invest in something for the next three months, then sure, invest in Bitcoin. But the only "1000x" opportunities out there will be from digital currencies that change the paradigm to something that will truly scale to handle the entire world's daily transactions, and do so far cheaper than any other existing means.

Are you trying to talk about how bitcoin is mined and the huge energy use?

Not really. The issue isn't energy use per se, it's speed, scalability and latency. Bitcoin transactions can cost $40 and take 30 minutes. That's not viable as a daily mainstream transaction mechanism--and this is because of the POS model, which I agree Bitcoin would never change.

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And for you or anyone including me, about the chance to get 1000x it is the chance to get in altcoins or memecoins.
I also hold a memecoin that I believe will provide a huge profit, but you need to keep in mind that 1000x increase will only happen temporarily, and then it will drop -2000x.

I'm not Bitcoin Maxi or anything, I'm the holder of everything, collecting which is the best in my bag for the Bullrun that will happen later.

That's a good strategy. I don't pretend to know exactly what will happen, and it's true that there will be a tiny few winners and thousands of losers, so investors need to be very careful.

But yes, "Bitcoin Maxi" is a very narrow-minded stance. It ignores history and even common sense imho.