/biz/ - Business & Finance

ATTENTION:

You are NOT getting my 16 EFFERIUMS.

You need to pump the price MUCH higher before you can get them. And even then IM STILL NOT GIVING THEM TO YOU.

once you're up 300+% hodling becomes very easy

i dont give a fuck about 25% drops.

Hello XRP schizo? yes i would like fries with that. And no you can not have any of my ethereum. Now start making my meal

>>25219251
Here is the blackpill about decentralized blockchain technology.

Bitcoin is still number one because even if altcoins have 'better tech' they still suck ass at what they try to do.

Bitcoin cash, bitcoinSV, and similar cryptocurrencies can process more transactions in a block or increase the block speed, but its still not enough to run a global payment system. So its a moot advantage over bitcoin. They would all run into the same problems if they got popular enough.

Ethereum and their clones (tezos, cardano, polkadot) can do smart contracts, but the fees are outrageous and they cant yet scale in a decentralized manner. And before some retard claims their pet project CAN scale and that fees on their platform are low, realize that is only because absolutely NOBODY is using it (i.e. the highway is empty).

Also, if ethereum is shit, the tokens that rely on ethereum to work, are also therefore useless.

As such, the only worthwhile use case in crypto is the 'digital gold' angle. Bitcoin slow to use, and has high fees for small transactions. But that doesnt matter if you are simply holding bitcoin as a long term investment. Bitcoin is a deflationary asset with proven 10 year history behind it. If you live in Lebanon, argentina, turkey, or venezuela owning bitcoin is your way of protecting your wealth. If you are scared of the US government debasing the dollar, BTC is worth it. If you want to diversify your assets, BTC is worth it.

Until SOMEBODY drops the bullshit and finds out a way to scale fucking blockchains, BTC will be king.

>Yeah I did say December first during the two-thousand and twentieth year of our lord and savior