Quote:
Originally Posted by Evil Chris
When you say shitcoin, do you actually mean an altcoin?
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That's usually the case, yes.
Only the #1 crypto was created without greed or riches in mind. So much so he/they vanished without a trace.
Ripple/XRP on the other hand, not only they sticking around leaving a central point of attack (from SEC, other gov, etc) they also allocated 70-80% of XRP to themselves for dumping on their supports (they call this, their distribution strategy) for marketing, paying employees and most of all paying themselves. Check their net worths, Check Chris Larson, Jed McCaleb, Brad Garlinghouse, billionaires.
Not to say you can't win, i just believe they're not good for long term hold.
If they are cheap & fast, use them, take advantage of that, spend, don't save.
If they truly have utility, with oracles and that blahhhhh, ok use for that (who does?)
Bitcoin is a savings technology, with sole purpose to exist as the most stable & secure blockchain/ledger on Earth and it's doing that. Exist + time/patience, it'll go up (long term) against any debased fiat currency.