Re: Best arguments to make your friends understand that altcoins are not good
Hi all!
Lately, as Bitcoin approaches to 100,000$ I’ve found myself in discussions with friends who are intrigued by altcoins (not only Bitcoin), particularly those tied to AI, and other trending narratives. Many of these projects come with flashy promises, and while I often point out that 99% of altcoins are scams, Ponzi schemes, or poorly designed experiments, but I’d like to build a more well-rounded argument.
I’m seeking solid, fact-based arguments to explain why Bitcoin remains the superior option and why altcoins often fail as alternatives.
If anyone has good articles, podcasts, or research papers on these topics, I’d love some recommendations. I’d like to arm myself with more than just the “99% are scams” argument to engage in thoughtful and productive discussions.
Thank you in advance for any insights!
When I discussed Bitcoin with my friends, they all got a good idea about Bitcoin. I told my friends that there is no coin more popular than Bitcoin in cryptocurrency. I told them that Bitcoin is the king of all coins, no other coin compares to Bitcoin. Those who have listened to my advice or my words are all with Bitcoin and those who have not listened to me have found proof for themselves by holding Altcoins instead of Bitcoin. If we look at the current market, it can be seen that Bitcoin has increased the most, except for some Altcoins, other coins have not increased their prices with Bitcoin, most of them are far behind. So if you analyze the current market for friends who do not like Bitcoin but like Altcoins, they will understand that Altcoins are not good.Lately, as Bitcoin approaches to 100,000$ I’ve found myself in discussions with friends who are intrigued by altcoins (not only Bitcoin), particularly those tied to AI, and other trending narratives. Many of these projects come with flashy promises, and while I often point out that 99% of altcoins are scams, Ponzi schemes, or poorly designed experiments, but I’d like to build a more well-rounded argument.
I’m seeking solid, fact-based arguments to explain why Bitcoin remains the superior option and why altcoins often fail as alternatives.
If anyone has good articles, podcasts, or research papers on these topics, I’d love some recommendations. I’d like to arm myself with more than just the “99% are scams” argument to engage in thoughtful and productive discussions.
Thank you in advance for any insights!