The 10 Reasons why you should be Bitcoin Only.
Автор: DotKrueger's YouTube channel
Загружено: 2024-09-28
Просмотров: 12747
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1. Over 4 years or more, all Altcoins go to zero versus Bitcoin. ETH sounded cool in 2017. It's much lower versus Bitcoin today. So did LiteCoin, EOS and every other coin launched before 2020.
2. Surviving bear markets requires conviction. If market turns negative, you will sell your AltCoin. And this can happen anytime. Develop diamond hands with Bitcoin. You will need them.
3. Altcoins become obsolete with time. Remember AOL? Myspace? You don't want to fight technological progress. With Bitcoin you don't have to. It was perfect money when it came out, and its perfect today.
4. Studying Altcoins is a full time job. There are hundreds of new Altcoins being minted every day. You don't have time to study all of them. And you don't need to. Save yourself the effort and stick Bitcoin Only.
5. Most Altcoins are outright scams. Remember "Safe Moon Coin" ? "Bitconnect"? "Celsius token"?
6. The SEC could declare your altcoin a security. This could cause it to trade lower, or stop trading altogether. Do you want to take that risk?
7. Altcoins are often ponzis. They sound great initially, but they require new participants in order to function. Once the new blood dries up, the ponzi collapses.
8. Altcoins are generally deliberately over-complicated. There are tokens for the team, complex staking schemes, airdrops, rewards for doing XYZ. Simplify your life with Bitcoin.
9. 99% of Altcoins have no cap. The number of tokens can go up forever. Unlike Bitcoin. Stop the inflationary madness.
10. Altcoins are embarassing. You are grown man or woman. Do you really have nothing better to do with your life than promote "smoking chicken coin"?
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