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57577757 No.57577757 [Reply] [Original]

Does it make any sense to be a BTC maxi when other coins will likely outperform it?

>> No.57577787
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57577787

>>57577757
ever heard of bitcoin but the cash version?

>> No.57577805

>>57577757
Yes, because BTC has many advantages newer coins don't.
>first mover advantage
>longest history of security
>longest history as a financial asset
>most recognition as a financial asset worldwide
So you can pretty much 99% know that in the long run, BTC will accumulate value. Other coins? They can go to zero. Sure, some will outperform BTC. In fact, most of them that don't go to zero, probably will outperform BTC from now on. But that's like 1 in a thousand shitcoins actually sticking around and not going to zero. The safer and more profitable bet is to just buy and hold bitcoin, but be prepared to sell in a hearbeat if someone finds a security vulnerability or satoshi's wallet activates.

>> No.57577813

>>57577805
OK but why not just buy altcoins and sell them in the bullrun?

>> No.57577866

>>57577813
I do that with 10% of the dollar value of my crypto stack(s). Small bets. My biggest shitcoin holding is polkadot and Im real fucking pissed about that. Imagine if most of my money was in polkadot? Guess what its not in polkadot its in bitcoin so I don't need to rope.

>> No.57577874

>>57577866
Your mistake was not selling in the last bullrun.

>> No.57577882

>>57577813
Imagine you have a bowl of 100,000 M&Ms. 100 of them are not poisoned, but 99,900 of them are poisoned. Other than eating them and seeing if you get terribly sick, there's no way to tell them apart.

How many M&Ms will you eat?

Re-read my earlier post. I didn't say that altcoins would outperform. I said the ones that survive are likely to outperform. You still have to pick the winners and avoid scams like Celsius, FTX, LUNA, etc.

>> No.57577888

>>57577757
alts will bleed against bitcoin for 80% of their lifespan
you're only supposed to buy the for the 20% right before they go up in the bull market and sell them immediately

>> No.57577895

>>57577888
>right before they go up in the bull market and sell them immediately

I.e. now?

I don't disagree with what you said.

>> No.57577934

>>57577874
Yes that's correct its an inflationary piece of shit and I would have dumped them for something else but some anon kept posting dot threads a while back gave me some hopium. Like hundreds of dollars thats what I have. If I'd sold them for solana or something equally useless a few months ago I'd have a lot more money right now. Nevertheless, I am a poorfag, I wage for a living, and I still hold 70% bitcoin and 20% eth and sleep comfy at night. Mochi is the best performing shitcoin I currently hold.

>> No.57577963

Holy FUCKING SHIT
MOTHER FUUUUCKER
I posted a comment, refreshed, and it's not even posted. FUCK this board

>> No.57577983

>>57577963
>he doesn't write his posts in notepad then copy and paste them so moot doesn't eat his posts occasionally
moot got another one, boys. ;_;7

>> No.57578040

>>57577757
Outperform? Try looking at a chart, "whatever altcoin" vs btc. Very few outperform, if any.

>> No.57578056

>>57577895
I think it's close enough desu. They might still lose sats but you're not gonna get completely wrecked like if you bought a couple years ago

>> No.57579007

>>57577757
Safety in numbers

>> No.57579015

>>57577757
In the previous bull market, perhaps not. But now, Bitcoin has the ETF inflows advantage.

>> No.57579019

>>57577757
they only outperform btc in short timescales
some people can't be fucked keeping up with alt coin drama and I don't blame them, I've made money off them and gotten burned just as many times

>> No.57579074

>>57577757
>Does it make any sense to be a BTC maxi when other coins will likely outperform it?

you mean the 10k+ shitcoins that are now at zero?

only Bitcoin will ever have etfs

>> No.57579155

>>57579074

ETF's are only for speculation (gambling), you can't withdraw Bitcoin ETF's to your Bitcoin wallet.

>> No.57579160

>>57577882
>Other than eating them and seeing if you get terribly sick, there's no way to tell them apart.
Nigger you can easily tell them apart. shit like LINK, ETH or even DOGE will survive the bear markets. It's riskier than BTC but they are not called blue chip alts for nothing.

>> No.57579171

>>57579160
>not called blue chip alts for nothing.
Do yourself a favour and look at the top 20 coins from 5 7 &10 years ago, there is no such thing as a 'blue chip' in crypto

>> No.57579255

>>57577757
its the least risky of any cryptocurrency and has the highest liquidity
shitcoins have a tendency to collapse
also if youre moving big money, then the less liquidity a coin has the riskier it is to exit a position because you will move the price
ie if you were to market sell a 10 million dollar position on a mid cap youre going to dig really deep into the orderbook and sell for a really bad price, possibly below your entry, and youll probably trigger a panic sell off, fucking yourself over even more
that is if the orderbooks are even 10 million deep, which they almost certainly arent as most "mid caps" have really shallow orderbooks
so to exit a position on a mid cap you have to DCA out and that obviously exposes you to delta

for poorfags it makes more sense to buy mid to low caps because its basically just buying high beta bitcoin, but for richfags they cant afford the risk and slippage of low liquidity markets

>> No.57579284

It's like a... no brain, no risk, guaranteed win?

>> No.57579326

>>57577757
alts will outperform on the way up but also on the way down
and if it's a shitty alt, it will randomly dump on its bitcoin pair and go to 0 priced in it

>> No.57579334
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57579334

I'm a Bitcoin Maximalist but my portfolio is currently 100.00% altcoins.

>> No.57579350

>>57579155
>ETF's are only for speculation (gambling)

wrong, idiot. Hey are for long term Holding (investment)

>> No.57579363

>>57579334
kek. pause there. show us your PF.

>>57579350

I doubt if you understand what you just wrote.

>> No.57579381

>>57579255

Diversify to have everything even and also to reduce the risk, and also going in for a new project might be worth it. 15k in DYM for providing liquidity is just so cool. Next is Peaq. launch is around the corner.

>> No.57579399

>>57579160

blue-chip alts. There is absolutely nothing as such. Why suggest Link and Doge?

>> No.57579422

>>57577757
Depends what flavor of Maxi
>YOU CANNOT BUY ANYTHING ITS ALL A SCAM THAT MONEY SHOULD BE IN BITCOIN
pass
>YOLO some cash into a meme coin and take profit off retards to denominate in BTC and lower my Bitcoin cost basis
Sure why not

>> No.57579492

>>57579255
If one of the main reasons is massive liquidity, why are there so many Bitcoin maxis who have 5-7 digit bags? Big investors want liquidity, but this doesn't explain why maxis like Saylor don't buy widely into many different big coins. I agree it's the least risky crypto in many ways, but this doesn't explain why BTC maximalism has all its cultist/religious features. I think it's because it's the first and most credibly neutral chain, and had the fairest launch and coin distribution model. These made some early crypto devs unwilling to make any compromises to any other newer chains/forks. Their principles were strong just like with hardcore OSS advocates. These hardcore cypherpunks used to be a very small minority but then came in all the suits and gentrified crypto with a sea of VC cashgrab pseudocrypto, making BTC maximalism way more popular and widespread. It's easy to just choose one, and Bitcoin is the first, most popular, biggest marketcap and has the highest brand recognition. All these feed into the religion of BTC maximalism.

>> No.57579704

>>57579492
Digital gold is a simple idea and seems to work well for Bitcoin. There is a market for digital gold, and it makes Bitcoin something of a separate asset class. The PoW argument contributes to this as well.
Any other crypto project opens an enormous can of worms in terms of how to even begin to evaluate it. Even ETH has so much technical and ecosystem complexity and dozens of competitors. Any smaller coin adds far more risk and valuation difficulties.

>> No.57579833

>>57579704
>Digital gold is a simple idea and seems to work well for Bitcoin.
It works as long as miners are incentivized to keep the chain secure. Bitcoin needs to consume electricity to simply exist securely. If this flow of energy stops and a reorg happens, it's fully over for BTC as digital gold. This energy flow is funded by block rewards which programmatically get cut in half every 4 years. If there is even a little doubt about Bitcoin getting 51% attacked (imagine in ~20 years), people will front run the panic and it might cause a feedback loop of selling. This would reduce the USD nominated block reward and make the possibility of an attack even greater, since many miners would shut down. I don't like the fragility halvings bring and this is my main problem I see in Bitcoin. But it gets ignored a lot because it's not a today's problem.

>> No.57579917

>>57579833
What are nodes?
Read The Bitcoin Standard to increase your IQ

>> No.57580143

>>57579833
What you're describing is a somewhat speculative scenario, you're not taking into account the possibility of solutions to your scenario that could be developed, and as you're indicating it could be decades away.

Most holders would probably rather prefer that type of risk over evaluating whether some project that tries to have more technical merit will still be relevant in 20 years.

Are we still going to be airdropping/farming/lending dog coins in 20 years? That seems a little less likely.

>> No.57580211

>>57577757
On a 4 year timeline, zero coins will outperform btc.
ZERO

>> No.57580213

>>57577757
If proof of shit is so great does it make sense that bitcoin is still on top?

>> No.57580218

>>57577813
Because he's a boomer and wants to baghold for years across multiple cycles. You don't do that with alts. Look at the cripple baggies.

>> No.57580415

>>57580211
only xrp kek

>> No.57580481

>>57579917
Nodes don't do anything in case someone manages to get 51% of hashrate and decides to reorg the chain. Dollar adjusted hashrate and access to ASICs is all that matters. Since your post didn't have any arguments, tell me how nodes have anything to do with my point?
>>57580143
It's not really speculative because it's the direction it's been going towards for the past decade or so. Tx fees haven't slowly replaced block rewards like Satoshi planned (blockchains didn't scale to large masses like he imagined), ordinals tx fee spikes are temporary and not constant enough to be a reliable source of miner income, days of BTC price going up massive percentages are over etc. Sure, there are "solutions that could be developed" but there has been absolutely no progress in options that don't require a hard fork. It's not decades away when increasingly more holders start thinking one step ahead. Let's hope someone comes up with a solution, sadly most "someone"s have already given up.

>> No.57580584

>>57580481
As you said, a hard fork is a possibility, and shouldn't ruled out. This also applies to other catastrophic scenarios like broken crypto or other bugs. It would suck from a puritan perspective, but many holders wouldn't care, and it may recover after a short-term dump. As such scenarios are probably years away, it's quite possible that Bitcoin's valuation overshoots to something crazy before such network risks manifest themselves and lead to a dump that may be intense but end at a somewhat high level from today's perspective.

You mention miner incentives, but Bitcoin holders and other actors in the ecosystem also have an incentive to address catastrophic risk. Outside of hard forks, actors like those ETF institutions or exchanges could start raising fees to fund some baseline mining capacity.