What Are the Best Arguments to Help People Focus on Bitcoin Rather Than Other Coins?

My top arguments:

  • Information asymmetry makes it incredibly difficult to make *any* money trading altcoins.
  • Bitcoin's long-term returns outpace gold, US Treasuries, and the S&P500 by a healthy margin.
  • Bitcoin's uses as Store of Value + Medium of Exchange (just the beginning for MoE) > smart contracts on other chains.
  • Bitcoin is simple and works as designed; only protocol devs know how an alt-chain works & HIGH rug potential.

What do you guys think?

Full article with more detail on the above arguments here 🔗 https://river.com/learn/crypto-vs-bitcoin/

Send this to your Newcoiner or Nocoiner friends 🤝

​

https://preview.redd.it/ls6okht2mnlb1.png?width=3795&format=png&auto=webp&s=90cfa1ed207be7b2a9ca03eb3a683fade035296e



Submitted September 01, 2023 at 07:32PM by bitdern_River https://ift.tt/u6owqAt

Comments

Post a Comment

Popular posts from this blog

Coinmarketcap are listing BCH sites as BTC

Under here: https://coinmarketcap.com/currencies/bitcoin/ They have links to https://bitcoin.com/ and https://forum.bitcoin.com/ which are no longer BTC sites; they're BCH sites. I'm not good at twitter and don't have many followers but I've tweeted at them here: https://twitter.com/bitplane/status/955918445014585344 Can we raise awareness of this and get them to change it please? Submitted January 24, 2018 at 02:47AM by david-song http://ift.tt/2DtOW70
Read more

No, Bitcoin is not controlled by a small group of investors and miners (A rebuttal to the TechSpot article)

https://preview.redd.it/vli0ofqwf6w71.jpg?width=3840&format=pjpg&auto=webp&s=2a704c47375637858c27216379ae8313dadf8be8 This could be a long read. Kindly bear with me. I write this primarily in response to the TechSpot article from yesterday ( r/technology mods told me they only allow “ mainstream articles with editorial oversight and fact-checking ” so I'm sharing this here). But I’d also like to take this opportunity to write about Bitcoin more broadly as someone who has been following it for more than a decade and I’ll try to do so without complicating the conversation for anyone unfamiliar with Bitcoin. The TechSpot article cites a non-peer-reviewed National Bureau of Economic Research (NBER) working paper from Igor Makarov and Antoinette Schoar. NBER claims to be non-partisan but it is a private NPO funded by the likes of Bill Gates foundation . The chairman of NBER, Karen Horn, is a former president of the Federal Reserve Bank of Cleveland and Head of Int...
Read more