jumping on Nostr: If bitcoin can be transacted instantly over lighting then there is no need for these ...
If bitcoin can be transacted instantly over lighting then there is no need for these other coins that try to rewrite the wheel.
Your basis on investing in those coins is that they are “undervalued”. But they have no purpose. Bitcoin has more hash rate and is more secure. It has guaranteed global liquidity. Good luck finding a buyer when the crypto bear market starts.
There’s no maybe on doge inflation. It will inflate and for the value to keep increasing, you need an insane amount of capital pouring in.
Let’s say litecoin is exactly like bitcoin with its scarcity and POW. We already have a successful bitcoin so the only benefit of litecoin is that the cost of low - therefore there’s no benefit at all.
You can speculate on these coins but you will end of with more fiat, not more bitcoin.
Your basis on investing in those coins is that they are “undervalued”. But they have no purpose. Bitcoin has more hash rate and is more secure. It has guaranteed global liquidity. Good luck finding a buyer when the crypto bear market starts.
There’s no maybe on doge inflation. It will inflate and for the value to keep increasing, you need an insane amount of capital pouring in.
Let’s say litecoin is exactly like bitcoin with its scarcity and POW. We already have a successful bitcoin so the only benefit of litecoin is that the cost of low - therefore there’s no benefit at all.
You can speculate on these coins but you will end of with more fiat, not more bitcoin.