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!
Do you need all these solid facts and evidence to prove a point to your friends? You know what you believe and have already told your friends what you know about bitcoin. If your friends are really into crypto, they'd know which coin is the leading coin in the crypto world, especially this period that bitcoin's price has hit 100k+ and now around 93k. Which other coin comes close?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!
Your friends know what they saw in altcoins, allow them to do their things if they won't listen to you. If everything fails, it's their decision and not yours. Maybe they would learn more about bitcoin when they make mistakes with their investment choice. Some people learn better this way .