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> People have been saying this about crypto for 10 years and bitcoin 30x'ed despite all the negativity, with tons of big institutions loading up on it behind th
by kgraves 5y ago
> People have been saying this about crypto for 10 years and bitcoin 30x'ed despite all the negativity, with tons of big institutions loading up on it behind the scenes. It's here to stay.
The main goal of bitcoin is to be a decentralised peer to peer cryptocurrency, it has completely failed in its original purpose to become that in 10 years.
And when more people realise how inefficient it is in terms of energy, transactions, fees and utility, the quicker the price will go down.
- qualudeheart 5y agoMonero fulfills the original promise of bitcoin.
- kgraves 5y agoRight, so Bitcoin failed in its original purpose then no?
- baby 5y agoWhy are we talking about bitcoin when there are 100 more advanced cryptocurrencies?
- kgraves 5y agoBecause the volatility of bitcoin moves the entire cryptocurrency market, if it falls, all those '100 more advanced cryptocurrencies' fall in value as well. So it's pointless for me to use something like Cardano only for the price of it to fall because of Bitcoin rendering my holdings significantly less than what it was. And don't get me started on Ethereum fees due to congestion and networks like Polygon going down all the time, doesn't seem advanced to me if congestion is still going on.