Biz give it to me straight. is everything but bitcoin a shitcoin?

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ETH, ETH, XMR are all decent coins. They have distinctly different tech backbones and will dominate within that segment.

Everything else is either a clone pretender or a shitcoin.

but how can everything else be a shitcoin if eth isn't a shitcoin? i thought the whole purpose of eth was erc20 tokens

Sorry, BTC, ETH, and XMR.

Pardon? ETH is about smart contracts and an alternative to BTC and because Vitalik Buterin thought BTC needed a better scripting language (I don't know much about programing and am only wikipedia smart on ETH).

The ETH is a different backbone that the BTC or the XMR/ZCL. Really, most people can track three coins, and those are the ones we should be tracking. They, or a coin with the same tech backbone will be the triumviri.

what i'm saying is that it seems like the main purpose of eth is to be a platform for erc20 tokens. is that not the case?

How. Does. That. Make. It. A. Shitcoin? If it has a purpose then it is less shitty. Can erc20 survive without a ethereum network?

Yes.

it doesn't make eth a shitcoin. but i thought you said that all other coins were shitcoins. what i'm asking is, if all erc20 tokens are shitcoins (and i am not saying they are, but if they are), then wouldn't eth also be one?

I sure hope Veeky Forums knows what it says about XMR. I put $300 in this afternoon

Yes, 99% of ALT coins are shit coin. Before you didn't but now you know. What to do then? Treat the alt coins like shit coin and you won't get hurt, take profit/initial investment out on next alt coin run and let the rest ride. You'll sleep better at night. Only coin that really matters is BTC, and possibly ETH.

This new XMR fork will be interesting in the short run. I am in XMR just for the volatility, I don't need to buy drugs or exotic porn. It goes up the fastest and then it goes down the fastest. Those swings get me the most money.

Let me tell you this OP. The crypto world only needs at most 2 cryptos for every use case. The other cryptos pretty much exist only as alternative or incase the main one fucks up.
BTC can be digital gold, I'll give you that much. But for actual payments it's shit, it can't be scaled and it's being held hostage to create the Lightning Network.

ETH is much better, it's not an ERC20 platform, but a smart contract platform. It's also the best candidate to solve the scaling issues. BTC is pretty much a subset of ETH.

XMR has the very nice use case of privacy.

Other projects are most likely shitcoins, only good dapps (maybe REQ) are not.

XMR is solid as far as current crypto goes. That said, is the current price vastly inflated? That's another question.

If the market stays healthy and goes on another bull run, it could reach $500 by EOY, but this isn't a coin that will likely do 5 or 10x any time soon.

In any case, don't worry too much. Unless you're in a third world country, $300 is far from a life-changing amount.

Everything including bitcoin is a shitcoin.

300 right now, 3,000 next year, and then 30,000 in two years. Even more if he learns how to avoid the dips and get in at the bottom or start shorting.

>BTC can be digital gold
Digital gold is a meme, I don't really believe in the future of BTC. Maybe when it dies, the market will stop mooning and stabilize, but if so, so be it, that seems to be the next step. Apart from its first mover advantage which granted him the widest adoption, BTC doesn't have a whole lot going for itself. It's more of a tech demo of what's possible than a viable store of value or currency

Doubtful, I like Monero but the last year really skewed some people's perspective of what's realistic or attainable. If the whole market goes on it's craziest run yet, I won't complain, but I doubt that the gains we will have this year or next - if they're even gains - will be even close than what we got last year.

XMR went x3, then burned off 2/3rs, then went x5. If you develop some swing trading skills you can ride that out pretty well.

yes

Not exactly. ETH as a distributed computing platform has been OK although not great, XMR adds something that BTC doesn't need to try to be doing, LTC moves a lot of real volume when the market is doing well and when it's not... But it usually works better if you treat them as penny stocks, don't assume you're holding a 10x, just try to ride waves, try to make sats and don't get emotionally attached to shit. I believe Monero is closer to something real than Tron, but Tron has made me more money.

Oh, yes, of course, I was thinking you meant hodl all the way. With the way cryptos fluctuate, if you actively or at least semi-actively trade it and are lucky or good at it, you can make a lot, and XMR shouldn't disappear any time soon.

Bitcoin is a shitcoin. Just think about it, would you buy a shitcoin with a tech, dev team and roadmap like that if it wasn't bitcoin?