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.
I don't see the big problem, usually there is an altseason so there is a good possibility that some altcoins will outperform bitcoin. Not all altcoins are scams, and let's not mix altcoins with memecoins or actual shitcoins, there are many different coins out there because I don't think that we can say BNB or Link are the same as Pepe and Shiba, no?
Of course there is a bigger risk investing in altcoins but sometimes it pays off. Again, nothing wrong with taking some bets.