ALT —> BTC —> fiat wrecks BTC:fiat. This is not an efficient market. Arb b/w ALT:BTC + BTC:fiat markets is not sufficient. Therefore BTC gets dragged down. Bitcoiners calling for altpocalypse are shooting themselves in the foot. Biggest usecase for BTC is alt trading.
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In your mind sure. But there’s an entire ecosystem that cares only about fiat and doesn’t give a shit about hyperbitcoinization fantasies. Sadly, BTC’s value rises and falls w/ this market. It’s a symbiotic relationship and that’s objectively clear. Foolish to think otherwise.
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BTC is dropping far less than your beloved shitcoins and that is of critical importance. This is proof that as of now BTC is literally a better SoV. BTC is a proven product while all other coins are speculative. That’s a fact of life.
End of conversation
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Most shitcoiners cannot and do not want to understand that. They get really angry over me when I try to help them as many of them are friends of mine. Sad that they will understand it the hard and brutal way - through devaluing their hard earned invested cash to near zero.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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