Prisoner24601 on Nostr: My perspective is that the price in dollars is the economic signal that speaks for ...

My perspective is that the price in dollars is the economic signal that speaks for itself. I had Litecoin and Dash for a long time then traded into #Bitcoin because all other have declined relative to BTC over the last 6 years I have held them. Value is subjective, but clearly the market overall values Bitcoin more than any other digital asset, as reflected in the price in dollars. Bitcoin is making global waves. From a distance, diversifying and just wasting resources on useless things look similar. People who diversified into mortgage-backed securities or NFTs didn't do themselves any favors. I'm not convinced it makes sense to diversify into assets that decline over time or that are purely speculative. Everything over 21 million - diversity is overrated.
#nostr #nostriches #plebs #plebchain