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 am more than sure that your friends are interested in altcoins because of their "imaginary" profitability. Greed pushes them in this direction. But this greed only leads to losses, not to quick enrichment. Look at bitcoin - you won't get multiple profits here, but this profit is stable.
I’m seeking solid, fact-based arguments to explain why Bitcoin remains the superior option and why altcoins often fail as alternatives.
To do this, need to conduct research and collect statistics. On the same site coinmarketcap you can see charts of how altcoins fell in price and never recovered, to complete oblivion.
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.
Is it possible to make an automated collection of information from coinmarketcap (this is essentially a ready-made statistical database) for all altcoins for subsequent analysis and structuring of information?