Right now people holding billions of dollars worth of shitcoins are thinking if they should move it to #Bitcoin.
Discussion
I like your optimism but something tells me they’d rather cash out into fiat.
Yeah. I think anyone holding a billion dollars in a shitcoin has no fucking clue what they are doing and was only waiting for their shit token to be bigger fiat number. Now that it looks like it’ll be smaller fiat number, they’ll just sell back to fiat.
However, there *will* be a meaningful portion of all of crypto that distrusts fiat and will exit to Bitcoin when they realize their preferred shit token has a very bleak future.
don't know. most of them don't even know the difference between their shitcoins and Bitcoin. To them it's probably all "crypto". I think that sadly they'll just sell for fiat
I’m confident a majority know bitcoin’s superiority and likelihood of not being a security, and they are just looking for the payday.. Many Bitcoiners come from shitcoiners that had scary or bad experiences.
It wasn't that long ago that I thought that I had to "diversify my crypto portfolio" 🤢🤮
When you spend time away from your family to earn money, you want to make sure it's in good hands.
few
In all seriousness, many many Bitcoiners have experimented in the past, likely burnt..
Exactly, when you think of a long term asset you can trust, it’s only Bitcoin, but people have to make mistakes to learn this..
Learning by mistakes makes you remember it better. It’s a good thing that people make mistakes: they will learn for once and for all
I had a friend that was ‘bitcoin only’ a lot of his life savings, had it on Celsius… He is cold storage now..
Bitcoin Maxie’s may not be right about everything, but they have been dead-on about everything Bitcoin.