Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
OgNasty
on 11/02/2025, 17:31:36 UTC
Quote from: Gachapin on Today at 01:35:43 PM
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Hahaha

well eth still needs to go under 2k this month cause mr v sucks.

I am not excited about shitcoins, but there is some pleasure in seeing them dumping... and I tend to look at shitcoins in terms of their BTC price, so for the past 5 years, I kept thinking that it would be best if ETH would return to going below 0.02 BTC, and even better if it goes below 0.01 BTC.  Of course, shitcoins are not going to die completely, but that scam of a shitcoin really did get quite a bit of traction in terms of shamming a lot of folks into believing that it had value beyond a bunch of convoluted mumbo jumbo platform upon which other shitcoins could be built.  I am not technical enough to know the extent to which some of their technology might have ended up being ported over to bitcoin in order that there might have been some value beyond just fleecing retail in a variety of ways.

It had some value as a pow it is now essentially worthless with the switch it made to pos.  Basically all pos are next to worthless as they are clonable. POW IS OKAY IF THE ALGORITHM  has a ton of gear mining . Meaning Sha256 and scrypt the rest are meh.

There are not a lot of coins with any value. As eth is showing. YOU can simply make a knock off like solana which essentially can do what eth can better.

I still don’t know what Vitalik was thinking going to PoS. Solana really does everything Ethereum does but better now. It’s almost scary how younger users are almost exclusively being onboarded to Solana. It was a chain I wanted to see die, but now I’m mad I didn’t grab a bag at $8. If Bitcoin is the store of value, it seems Solana is setting up to be the peer to peer currency.

let's talk about that after the next two cycles again...

I'm not trying to come across as pro-Solana or anything.  I have like 0.005% of my crypto portfolio invested in it and mostly because I actually use it in person with friends who don't like Bitcoin and don't want to try and use it as a currency due to high fees (which aren't so high anymore but it isn't like they watch the mempool).  It's something I've observed.  When in my own personal life I have people who want Solana, but aren't interested in Bitcoin, it feels like a shift has happened.  Will it last?  Who knows.  This isn't a new development either.  Last cycle was the same way.  Solana may die and I wouldn't shed a tear.  However, I think with ETFs being launched these days and newbies being onboarded onto things like SOL & XRP, we may see alts stick around longer than in the past.  I guess we'll see in 2 more cycles, but honestly, I don't care either way.  I'd prefer new users were being onboarded onto Bitcoin, but outside of store of value, it can't really compete to those who only see the end user experience and don't care how the sausage is made.