Dissident Sound on Nostr: you can't print bitcoin but you can mine it - which is the same thing, except it is ...
you can't print bitcoin but you can mine it - which is the same thing, except it is also a huge waste of energy and computer chips
the value of Bitcoin can collapse just like the value of Dollar if people stop believing in it
people used to believe in the Dollar because America had strong economy and strong military - but they might lose this faith
people also believe in Bitcoin because they are stupid - but that belief is not based on anything - literally nothing - of course all religions are based on nothing and many have persisted for thousands of years - one thing is certain PEOPLE ARE DUMBER THAN ROCKS - and that is bullish for BTC
but from that perspective there is more upside to shitcoins that have smaller market capitalization. it would take a LOT of money to push BTC up significantly whereas meme shitcoins can be easily moved up by 1,000% or more.
the value of Bitcoin can collapse just like the value of Dollar if people stop believing in it
people used to believe in the Dollar because America had strong economy and strong military - but they might lose this faith
people also believe in Bitcoin because they are stupid - but that belief is not based on anything - literally nothing - of course all religions are based on nothing and many have persisted for thousands of years - one thing is certain PEOPLE ARE DUMBER THAN ROCKS - and that is bullish for BTC
but from that perspective there is more upside to shitcoins that have smaller market capitalization. it would take a LOT of money to push BTC up significantly whereas meme shitcoins can be easily moved up by 1,000% or more.