It kills me that I have friends that respond to my Bitcoin posts like this. I have explained why BTC is special so many times and yet he still has it all wrong. This time I simply wished him the best of luck with his investment.
"FOMO is the only reason any of them do well. FOMO is the mother of bitcoin lol. BTC may be a benchmark, but it would never represent the vast majority of digital currency investments. The keyword here being investment over a store of value I agree with you there. The collective of digital currency, in my opinion, will always overshadow BTC despite the inevitable lack in utility.
This is the essence of free market capitalism though. There will never be just one. Because of that, bitcoin may never achieve what it was designed to achieve or anywhere near its full potential. It has ultimately created so much more though. It’s brought the world of finance and investments into the light for younger generations like no other tool has ever and the financial gain with it. It also made investing all around much easier but that’s all another conversation. "
Breaks my fucking heart. Sigh.
I oscillate between HFSP and everybody gets bitcoin at the prices they deserve.
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On the plus side I have a chef friend that stacked his ass off and made it to whole corner status.
Take care of him for they are rare. 🙏🏻