Imagine buying Eth on purpose.
Discussion
I have a few ETH, not gunna hide it. Can't find out if you don't fuck around.
I got rid of mine I’m 2021. I have other investments other than btc but not in crypto. We are either trying to change the system or not.
I know what your saying.
I also like to go to the pub and have some pints and a couple whiskeys. Maybe I meet some interesting strangers & explore some thoughts.
That trip to the pub cost me $75 & a headache tomorrow. It's still fun to fk around sometimes.
The majority of my net worth is in my home. Then almost equally in 401k equities. Then Bitcoin.
Then everything else.
I used to be that person so I definitely understand the mindset. This was in 2017. The person buying anything other than bitcoin is hoping for a nice flip. Sometimes it works but in the long run it’s a loss. Also, when you are at that level of understanding, it really does feel like bitcoin is “old tech”. Of course, now I know better, but back then I was just ignorant.
This, this, one million times this. The hardest thing to fight for myself and people I have orange pilled is the thought of “trying to find the next bitcoin.” Reading and truly educating seems to correct it.
In 2017, if you timed things well, you could actually go from whatever you had in your wallet to $1m by hitting a streak of 10x flips. But you had to get lucky - no better than gambling. We called moonshot shitcoins “10xers” and everyone knew they were garbage. Bitcoin obviously moved too, all the way to 19k at peak in 2017 but it was not a move that made you a lot of money in a short period of time. But greed gets the best of people and the “last trade and I’m out “ is the one that punches you right in the face.
I won’t lie, 2017 was really fun from a gambling perspective.
I occasionally go to our local noob focused meetups and debunking ‘shitcoin X is better than Bitcoin’ narratives is a constant struggle.
Is Bitcoin an investment, yes.
Is ETH an investment, I don't know, maybe. Maybe it's totally worthless some day.
It is an ecosystem that has some interesting dapps to mess around with. A tool to better understand what's going on in blockchain & tec.
So to me, shit coins are no different than owning an expensive mountain bike or some other nice to have but don't need to have toy.
I love the saying because it is true. Can't find out if you don't fuck around.
couldn't be me
The mind can be a dangerous place to wonder….yikes.
I honestly do not get Ethereum. It has been like, what 7 years? And all this "activity" inside that ecosystem hasn't produced a single widespread use case that extends beyond profligate speculation and outright fraud. Getting excited about a new narrative in Ethereum is like watching some boomer get excited about a new slot machine in the Indian casino up North.
To be fair, Bitcoin has been around for double that, and 99 percent of the world can't name a use besides speculation.
I think the difference is that bitcoin IS the product, and far more people can at least tell you what bitcoin is for (even of they don't agree that it fulfills that purpose), and it's far easier to demonstrate that usage outside the cryptic casino (e.g. capital flight, wealth preservation in the global south, etc...). Ethereum is supposed to be a platform of products, except hardly anyone knows that, and so far, it's largely been used to speed run the last century of securities fraud.
Every time I look into eth, just because "there must be something I'm missing", I walk away still not knowing why the coin itself needs to have so much value. I understand some use cases, but why does that mean eth=$20k?
And one thing's for damn sure. It's not money.
Most eth heads appear to prioritize number go up above all else
Well, Bitcoin is an IQ test. ETH is there to separate the wheat from the chaff.
Your post is causing quite a stir.
Added to the https://member.cash/hot feed
😂
You can do a lot of things with ETH that you can’t do with bitcoin, for example, decentralized trading, investing for a periodic return, or holding pegged tokens.
Or by accident?