Investors have gone out of their minds to be selling altcoins when they are down 90 to 99 percent, but what I cant believe is nobody buying them.
Shitcoins dont store value. Bitcoin is being devalued currently and will decline while the shitcoin holder's go broke.
Then Bitcoin will have money coming in again by people that want to store value in a decentralized protocol with limited supply.
People "investing" in shitcoins will continue to leave while they lose money and the scammers that sold them shitcoins go broke or hide from authorities.
There is no value in shitcoins because they aren't bitcoin.
btc is just a coin , it has no magic powers, it can die like any other.
FYI:
If it was a store of value, where is the rest of that $20000, that it used to be worth, hmm?
If you don't understand the difference between an ERC20 token and bitcoin, posting here won't help you learn that.
Reading will.
Rather than argue with someone about the difference in value proposed between the two (hint: one is designed to securely store value and send transactions, without the need of 3rd parties -- the other is shit), leave Murad Mahmudov and his discussion regarding the value proposition as a primer.
https://www.youtube.com/watch?v=UMK_A0mF8PQThere are more than
subtle differences between a blockchain that has 10 years worth of securely storing and transferring value between people without the need for 3rd parties and a blockchain that has been created by noobs trying to ride the "crypto" craze.
No Serious ,
where is the so called store of value of the $20000 that btc used to be worth.Anyone that lost over $13000 on 1 btc at the peak definitely thinks btc is a Shitcoin.
Delusions that a declining asset stores value , well is pure nonsense as the dropping price proves.
https://www.investopedia.com/terms/s/storeofvalue.aspA store of value is an asset that maintains its value without depreciating.
Did somebody buy bitcoin last year that they needed their fiat within 1 year? That would be a little irresponsible and rather stupid.
Most people only invest money they don't need for 5-10 years into something like a new asset class. It has to be volatile while it is disrupting financial regulators and banks "usual" business of overcharging customers for sending money, foreign exchange and stock trading.
Anyone believing that a new asset class doesn't come with volatility needs to have their head checked. Greedy people trying to make a quick buck off something that will be re-assessed for value over another 10 years aren't going to like it.
People who believe the technology is going to change the world and want to start using it before the masses can benefit from it are fine with buying heavy on the dips and less as the price increases.
We haven't even hit a floor yet with this drop, if it hits $1k, that's going to only be slightly higher than a of us got in at in 2016.
Btc is now and forever will be a
speculative value,
(price fluctuates with speculation)Btc has not and never will be a store of value.
FYI:
Rich investors that are well off and buy investments with a 5 year or longer time frame,
reading these forums you can tell the majority are not rich as waiting a month without a price increase upsets them,
the reason is they are not well off and they are looking to btc to change that, which sadly for most it will not.
