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Holds true as long as "cryptofans buy up new coins". But eventually, they won't. For these types of get-rich-quick gamblers, they usually shift their money arou
by whiskyant 5y ago
Holds true as long as "cryptofans buy up new coins". But eventually, they won't. For these types of get-rich-quick gamblers, they usually shift their money around to the next thing, but an equal amount of them lose their money as well.
Those that invest in Bitcoin tend to be more conservative, and are more willing to hold their coins and use it as a long term investment/store of value. They aren't easily convinced a new coin can replace Bitcoin either.