The "next" Bitcoin MythWhenever people realize
bitcoin is here to stay it seems many start searching for some
mythical next bitcoin.
Sometimes resorting to
shilling shitcoins that
should be illegal in some cases, to pretend have any value.
Trading Shit-Coins to Waste Time (and Money)This creates a bit of a problem in crypto currency. Many of us
understand bitcoin and that it isn't like a startup tech company that can somehow be disrupted.
There are
Economic, Cryptographic, Game Theory, Governance, Psychological and
Network Effect properties that WILL NEVER be replicated or modified to create
decentralized digital money the world adopts like
bitcoin.
To kill time between the
$10 million bitcoin and where we are now, trading shit-coins has become a common gambling game.
Many people waste
precious bitcoin trying to earn even more bitcoin on low-value crypto that nobody values.
Warning to BTC NewbiesThis is a fools errand that plays out the same continually throughout history.
New assets and markets open up, everyone jumps in to make "major gains" and lose their money time and time again.
All while
precious assets like gold, or
digital gold that
bitcoin has become, just sit there
storing value and
securely transferring it without the need for 3rd parties.
Anyone new to bitcoin, please
think twice before placing
value on "new coins" that are merely
pumped and dumped by the bitcoin traders looking to make even more bitcoin off the newbies. It's a tough new internet trading market out there. It could take
another 20 years for proper valuations of crypto and
Bitcoin's continued dominance in it to be known to the entire world.
No reason to
waste your
time and
precious bitcoin on Alt-coins when you can
troll shitcoiners with memes to remind them
how dumb they are daily.
We have to stay busy and productive somehow before
Fiats are pegged to Bitcoin!