🔮Sell your BTC🔮

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Buying bitcoin thanks. Should always do the opposite of anyone that uses emojis as arguments

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I'm mostly mocking folks in this bowl for following the 🔮advice. But BTC is garbage nonetheless

Maybe. But it has enormous head start as the defacto global store of value with a 21mm capped supply. There’s a smart argument bitcoin fixes its scaling issues and captures the gains from ALL other crypto currencies. The moonshot $1m per coin thesis. Actually sounds smarter the more I dig into cryptos

It has enormous head start due to early on price manipulations followed by herd investments. So anything with limited capacity is automatically classified as a store of value? Lmao. Once prices go further down and mining becomes less or even uneconomic, then we'll see what the real value of this scam is.

Well it’s not just the capped supply. It’s also has the most liquidity, the most hash power, the most surrounding infrastructure, the most institutional buy in and is totally decentralized and so resilient from events in particular locations.

Meanwhile platform protocols and medium of exchange coins may become cheap as tech improves, driving up velocity and driving down the cost of mining. Imagine a world where everyone stores $ in bitcoin and uses atomic swaps to buy just enough tokens as they need (and not to hoard)

I tried to imagine this world and see little value in BTC serving that purpose. Was happy to ride it from 3k to 15k (and then sell everything) but long term it's probably garbage

Guess we’ll see. Not really taking a side but the argument I laid out seems pretty strong. Everything depends on if bitcoin can scale

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