Quote:
Originally Posted by Rausch
Bitcoin has tangible value.
Other coins are speculation.
I think we should make that obvious here...
|
That's false..on both counts really
Bitcoins are not tangible..
All coins are speculative
There's several other coins with market caps in the billions
Like ethereum , ripple and litecoin
Another altcoin could very easily usurp bitcoin as the main coin...in fact many think bitcoin is over valued at 100 billion mc. Some really smart people think its true value could be 10x less currently and have published papers regarding this.
Remember Alta vista search engine? Google came much later...etc
Pretending bitcoin is safe is unwise...as is pretending it's not speculative.
In fact it is MUCH more safe to invest in multiple coins than 1 single coin (like the top 3-4 coins...ie BERL)