Why in the absolute fuck would anyone buy anything BUT Bitcoin
Why
Aiden Price
Jeremiah Mitchell
Eth is probably a fine buy right now too. Nothing else tho
Brayden Lee
Because shitcoins and BTC have different cycles and one can effectively gain more BTC by using this shitcoin cycke strategy. You don’t go all in with shitcoins but to not diversify is retarded too. Use common sense and look at ALT/BTC graphs not just /USD graphs
Carter Rivera
Because I don't want only Bitcoin.
Jayden Wright
no idea
Eli James
It's not diversification though, it's all the same asset class. Most altcoins are highly correlated with each-other, and to a lesser degree, with BTC.
Jayden Gomez
I bought more ETH yesterday. ETH seems to correlate with BTC pumps but when BTC dumps, people look at ETH as a reserve backup.
Aiden Ortiz
why would anyone buy bitcoin.
It produces no income, it burns millions daily,
it's a bagholder game in which any profit is someone else's loss.
Average buyer is mathematically guaranteed to lose money.
Joseph Butler
It produces me thousands every week
Henry Green
? It's the opposite.
>it burns millions daily
When a bitcoin get's lost, it decreases the supply of bitcoin, thus increasing the price of remaining bitcoins.
>Average buyer is mathematically guaranteed to lose money.
Fiat is the opposite. Countries print money like crazy, which inflates and devalues their money.
BTC holders are matematically guaranteed to GAIN money, as fiat constantly loses value and BTC gains it.