Brainstorming is a decent way of interacting to allow for a wide range of reasonableness and to allow adults to come to their own conclusions. Whether we are talking about crypto, diet or otherwise, there might be some areas of agreement and some allowance for variation of thought and variation of approaches. When you are looking someone face to face, you should try to be polite, especially when they seem to be striving to come to a good conclusion based on facts, logic and reasonableness. Still, some ideas, logic and conclusions are more reasonable than others.. so when you really go deep, you will have to tend to come out of brainstorming, stream of consciousness and relativism after a while because otherwise you would become rudderless. Bring it back to crypto. Sure, buy some various other cryptos, but much better to invest in bitcoin first and to establish yourself.. maybe dabble a bit with a small percent of your holdings, but currently, bitcoin has the most factual and logical backing.. so why get distracted by accepting a bunch of bullshit imitations or project that are doing something else that might have some merit in themselves but are weak in terms of the sound money component that somewhat relies on networking effects built around it, too. But, yeah, in my lame attempt to stay somewhat on topic, I seem to be preaching to the choir, here.
I second that. All of it, i have always done it that way, because hope can't beat logic.
altcoin purists seem to think the other way round.
Maybe I am negating everything that I said in regards to my attempting to be open to arguments, facts and logic, however, alt coin purists seem to be quite lost and don't really seem to comprehend what it is that bitcoin has to offer. Now, if you can recognize what bitcoin has to offer, but you want to invest in various alts for some other utility propositions that they might have or that you are intrigued about various kinds of tech, then surely you should realize that you are investing in something that is different from bitcoin, but the real value proposition is in bitcoin's sound money, so in that regard, a decent amount of your value should be in bitcoin... probably 90% or more, but, surely I will grant that young people might want to experiment, so they could reasonably risk more and even justify lower amounts, but if they are starting to get below 50% then they are likely going to be getting reckless.. especially if those are considered as long term investments.
Even if bitcoin is the soundest of money, I do believe that it is quite likely that there are always going to be a decent number of people to attempt to fool who are going to want to invest into other scams, even 100 years down the road.... I am not going to be able to verify this personally, but hey, I also think that it could take a decent 50 years to really get bitcoin as a kind of global money, if things kind of progress as planned.. and I won't be able to personally verify this either.
A bitcoin fast track would be to gain mass adoption in 20 years, and there would be a decent chance that I would be alive to verify such a happening, but I believe such quick adoption to be quite unlikely... that would be by 2040-ish. .. gosh, that seems like a long time, as I am typing and thinking about it now.