BenJustman on Nostr: Here's to hoping that with meme coin proliferation and the death of Eth this cycle ...
Here's to hoping that with meme coin proliferation and the death of Eth this cycle will be the one that lays "credible" crypto diversification strategies to rest.
Eth still has a higher 5 year CAGR than Bitcoin
Eth still has a higher 5 year CAGR than Bitcoin
quoting note1yd7…5amqWhen people don’t understand something they sprint to force it into a framework that they understand.
“Diversification” was that framework for these types. Just the presence of alts alone solidified this framing as the correct framing.
They convinced themselves they were smart by understanding Bitcoin through diversification but weren’t smart enough to detect an ego’s defense mechanism.
You’d get the smug face from these people when you said it’s Bitcoin only.
“Diversification” just HAD to be a vital component here. It’s what they understand so they have to force this into the evaluation.
They have to find an upper hand somewhere instead of asking questions or being curious.
They felt intimidated from the threat to their ego or intelligence.
Bitcoiners just had to be dumb if they didn’t understand how diversification worked.
Diversification is still one of their final feeble defense mechanisms instead of facing the truth and doing the work.
Smug faces will get put in their place and be exposed for not doing the work to understand.
Bitcoin is an actual discovery not to be diversified.
And to the smug faces reading this: you just got out worked. Badly.
Deal with it.