Reminder to pay attention to alt coins vs BTC not USD

PackManBrainlure
PackManBrainlure

Reminder to pay attention to alt coins vs BTC not USD.

BTC is gaining far more than all other alts atm. ETH might be at $20, but is still a bear vs BTC.

Buy BTC. Not unproven, 100% speculation shit coins.

Firespawn
Firespawn

@PackManBrainlure
Buy BTC. Not unproven, 100% speculation shit coins.
I admire your dedication but it's not necessary.

BTC is the coin that the man on the street has heard about. And that's who will drive the next wave of adoption.

BlogWobbles
BlogWobbles

BTC went from 500 to 750 this year.
ETH went from 1 to 19.
But ETH is a bear.
Is this the power of American education?

GoogleCat
GoogleCat

@BlogWobbles
Yes ETH has had a great run. But since it topped months ago it's been bearish against BTC. Not difficult to see that.

girlDog
girlDog

Why would I care about alts vs BTC when USD is all I'm really chasing? Why worry at all about BTC if I didn't ever put money in it? I don't understand

Firespawn
Firespawn

@GoogleCat
wow so you are actually retarded
ETH is going up faster than bitcoin

TurtleCat
TurtleCat

@girlDog
thats why you will remain poor

Soft_member
Soft_member

I don't understand why some people continue to reject Ethereum as superior. This isn't an opinion or speculation, anyone with half a brain who knows how Ethereum works and what it will become, knows it is a huge deal. Bitcoin will be King for a while longer but its days as top dog are numbered.

Methnerd
Methnerd

About to invest 1000 Euro into ETH guys, please hold me. First investment of my life. I'm still a poor student but fuck it. Got to reach for the stars.

TreeEater
TreeEater

@Methnerd
do it.. you wont regret it! give it a few months and you will be rolling in riches

eGremlin
eGremlin

@TreeEater
You shound like a nice guy, count me in on this train.

5mileys
5mileys

@girlDog
Right? These people are delusional, absolutely fucking delusional.

It's one thing to ride the wave and take what's on the table, recognizing that BTC is, at the end of the day, a profitable experiment without much of a future beyond buying drugs and gambling on the deep web.

But it's another thing entirely to genuinely, sincerely believe that BTC will become a thing of value unto itself, that merchants will begin accepting BTC all over and it will actually be adoped as a legitimate alternative currency.

It will never be adopted en masse. It just won't. If it's so useful, then why are ~80% of bitcoins never spent? Because they're being held as an "investment." You've got 8 out of every 10 bitcoins out there right now being held by "investors," all hoping that the price goes up and up exponentially forever and ever. That's not good. That's a house of cards.

takes2long
takes2long

@5mileys
Oh and...

inb4 "nocoiner on suicide watch"

PurpleCharger
PurpleCharger

@5mileys
then why are ~80% of bitcoins never spent?
Right, because ETH is spent everywhere too. At least BTC is used for buying things. I bought computer parts with then like 2 years ago of Newegg ffs.

New_Cliche
New_Cliche

@5mileys
That's another thing too, why would a merchant start accepting payment in currency backed solely by the valuations of speculators
That's suicide. It's already stupid to accept currency that could fluctuate +-5% in a week in value, but when that valuation is meaningless it becomes insanity

viagrandad
viagrandad

Dapps will change the world. Bitcoin can't do dapps effectively and the transaction speed doesn't scale very well.

@New_Cliche
Most merchants accepting crypto sell it immediately for cash.

askme
askme

@New_Cliche
Most merchants accepting crypto sell it immediately for cash.
Alright, that seems fair.
There's still little demand to buy products with extremely volatile currency. The biggest voice for merchants accepting crypto is not the joe on the street who just wants to buy steam games with crypto for no reason- it's the investors who want to reach the moon
So there's little legitimate demand

Raving_Cute
Raving_Cute

@5mileys
That's a house of cards
You were right on up to this point but I don't think we'll see a fantastic, earth shattering BTC crash anytime soon
Like you say, the vast majority of BTC is being hoarded by investors, creating some sort of rarity in the remaining BTC
If you care to read my worthless speculation:
BTC will undergo sporadic yet distinct periods of slow upward crawls and stagnation
The slow crawls being some minority of people being convinced to hop on board via "hot hand" fallacy, etc.
The stagnation created by bagholding investors and a lack of excitement among the community
Eventually BTC holders will parade 5% pumps as "the start of rapid growth" (again, hot hand)
This will be established as the end of a coin's life cycle. The price is too inflated to generate much interest, and the hoarders hoard for meager profits if any

Lord_Tryzalot
Lord_Tryzalot

@Raving_Cute
meanwhile another round of QE rears its head

SniperWish
SniperWish

@PackManBrainlure
What was that about ETH OP?

Nojokur
Nojokur

@SniperWish
I fucked ur mum

Fried_Sushi
Fried_Sushi

@5mileys
Right? These people are delusional, absolutely fucking delusional.

It's one thing to ride the wave and take what's on the table, recognizing that Stock Shares are, at the end of the day, a profitable experiment without much of a future beyond company shares and gambling on the financial market.

But it's another thing entirely to genuinely, sincerely believe that Stock Shares will become a thing of value unto itself, that brokers will begin accepting Stock Shares all over and it will actually be adoped as a legitimate alternative currency.

It will never be adopted en masse. It just won't. If it's so useful, then why are ~80% of Stock Shares never spent? Because they're being held as an "investment." You've got 8 out of every 10 bitcoins out there right now being held by "investors," all hoping that the price goes up and up exponentially forever and ever. That's not good. That's a house of cards.

Emberburn
Emberburn

@SniperWish
What were you saying?

Spazyfool
Spazyfool

@Fried_Sushi
Stocks are backed by the value of a company, retard

Inmate
Inmate

OP here:
HAHAHAAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAH

Poker_Star
Poker_Star

@Inmate
I shorted ethereum before the crash. Gonna buy back in as soon as there is less fog about the soft/hard forks.

BinaryMan
BinaryMan

Go fuck yourself short dick

Burnblaze
Burnblaze

@BinaryMan
Why didn't you listen?

@Poker_Star
Congrats, pretty jelly of that actually.

AwesomeTucker
AwesomeTucker

@Poker_Star
the technology is completely undermined
"I'm going to buy the dip!"

Topkek. Ethercucks. You are so narrow minded and singular in your focus that you dont even notice that your world is crumbling around you.

With that being said, if you all commit yourself to total retardation at the same time, you may be able to eventually pump eth again. Look at bitcucks for example. Those dumbasses still put money in bitcoin exchanges even after MtGox. Holy shit sometimes things are so stupid that they are smart. Who would have ever thought that anyone would pay a couple thousand for Kanye's ugly ass shoes, amirite?

idontknow
idontknow

@Firespawn
ETH is going up faster than bitcoin
Going down faster than it went up. :^)))))

TalkBomber
TalkBomber

@Firespawn
wow so you are actually retarded
ETH is going up faster than bitcoin

Jokes on you I was just pretending. KEK

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