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Bitcoin’s Big Letdown: Is Crypto Cracking Under Pressure?

why bitcoin as the vehicle for this
Lower inflation rate than gold, can't be faked, and this year actually became so much recognized and even legit enough for government mafia to adopt it as a reserve currency.

What else would you suggest? There isn't any other crypto with a bigger network of validators, longer history, no rug-pull risk, lower inflation, bigger network effect than BTC.

Smart contracts, better tech, upgrades etc. don't matter regarding value preservation - look at ETH -> it gets continuously upgraded, even had negative inflation at a point (no idea where it's now at, got rid of my last ETH at $3600 when it became clear that it's not heading to 7K, and never looked back)., and it's getting smashed, coz there is more and more competition -> substitution.

What else can you use as a store of value - gold, silver, diamonds, uranium, platinum, oil, microchips, paper fiat money, etc? You can get more of all of them with time through mining/manifacture- at a higher inflationary rate than BTC.

And their use case can disappear - as pretty much all of them can be substituted with something else - see platinum/palladium for vehicles.
 
Lower inflation rate than gold
at a higher inflationary rate than BTC
you're confusing inflation and supply. they aren't the same thing.

Smart contracts, better tech, upgrades etc. don't matter regarding value preservation
i think its very reasonable to value cryptos as a function of their utility & speculation
bitcoins utility slightly worse than litecoin (slower & more expensive)
BTC has a market cap of 1.5T
LTC has a market cap of 0.005T
BTC speculation factor is worth ~1.495T

What else would you suggest?
TIPS probably if you have nothing better to do.
 
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Since tl;dr, but anyways, this needs to be repeated time and time and again: Bitcoin is not crypto.

Everything else is a gimmck, a scam, a posture, a fake,
just a theatrical show posing as decentralization. Just a nonsensical, wasteful database.
 
i think its very reasonable to value cryptos as a function of their utility & speculation
bitcoins utility slightly worse than litecoin (slower & more expensive)
BTC has a market cap of 1.5T
LTC has a market cap of 0.005T
BTC speculation factor is worth ~1.495T
crucial misunderstanding that will cost you a lot

I will repeat myself and maybe it's not even the best analogy but look at all the internet protocols and standards like HTTP, SMTP, SSL/TLS, MIME, ... - one abomination next to another, inefficient, clumsy, pain to develop something new, support new features and stay backward compatible at the same time - each of these could get easily redesigned from scratch and replaced by standards with better utility and efficiency... yet it will NEVER EVER happen
 
each of these could get easily redesigned from scratch and replaced by standards with better utility and efficiency... yet it will NEVER EVER happen
"Never ever happen" - never say never - you can't predict the future and in tech you can't obvious not predict anything!
 
What it was designed for and what it actually became are two very different things.
But it didn't actually "become" a speculation asset or a digital gold, BTC's design never changed from being a decentralised cryptocurrency. It just got used as a speculation by investors. But what kind of digital gold loses 28% of its value in just 1 month, as it did recently? If it can lose 28% of its value in one month, it could lose 100% in 3.5 months or sooner.
 
But it didn't actually "become" a speculation asset or a digital gold, BTC's design never changed from being a decentralised cryptocurrency. It just got used as a speculation by investors. But what kind of digital gold loses 28% of its value in just 1 month, as it did recently? If it can lose 28% of its value in one month, it could lose 100% in 3.5 months or sooner.
I respectfully disagree and as with anything in life, agreeing or not agreeing, you can always go against the world.
 
And if you think 28% volatility for bitcoin has any relevance then you must not be a regular in the markets. Citing from memory, US markets 1929, 80%, 1987, 25%, 2020, 25%. Let’s not talk about Japan and others around the world.
 
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