Ryan on Nostr: Altcoins are not “cheaper.” Bitcoin & altcoins don’t have prices, they have ...
Altcoins are not “cheaper.” Bitcoin & altcoins don’t have prices, they have rates. The fact that 1 USD equals 14,768.45 IDR does not mean you should rush out to buy Indonesian Rupiahs. If everybody put their money on bitcoin everybody would gain a lot faster.
The key is to understand absolute scarcity. That’s something the world has never had before so people don’t understand it, yet. No matter how high the bitcoin rate goes, bankers can’t print it, miners can’t mine more of it. The supply is fixed! Bitcoin is literally the hardest, scarcest money the world has ever known. And it is becoming and will forever continue to become scarcer every day.
The key is to understand absolute scarcity. That’s something the world has never had before so people don’t understand it, yet. No matter how high the bitcoin rate goes, bankers can’t print it, miners can’t mine more of it. The supply is fixed! Bitcoin is literally the hardest, scarcest money the world has ever known. And it is becoming and will forever continue to become scarcer every day.