Even if that chart is accurate, there's no guarantee that Bitcoin is the one that fulfills that role. So, why are you pushing for Bitcoin instead of pushing for experimentation/innovation to help *any* coin achieve those ideals? Seems narrowminded to pre-declare Btc the winner
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But crypto isn’t money. That’s the thing. And simply stating that your valuation applies to it doesn’t make it so. If that were true, SC protocols wouldn’t be slowly eating away at BTC’s dominance. And yet they are. So you’re betting on that trend reversing. Better to hedge.
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That’s because trading is not dominated by smart money yet, but still by unsophisticated noobs. XRP, IOTA and TRON are still in the billions. The market itself isn’t sophisticated yet. And yes, crypto is money.
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So it’s only the dumb money moving it in the wrong direction?
Right...
And no, not all crypto is money. Some have distinct properties very different from money. Throw out MV=PQ and whatever other trad valuation models. They apply to aspects of crypto but not the whole. -
Ethereum has fallen more since the highs than Bitcoin. Enough said. Many things and ledgers can be used as money and Bitcoin fits the charateristics of sound money perfectly.
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59% vs. 63% down from ATH. You’re right, show’s over

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You’re the one who talked about money moving into certain directions. This shows that investors have deeper, less speculative and more fundamental faith in BTC.
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Sure but one is continuing to innovate at a blistering pace. The other isn’t. Nothing is guaranteed. Smart money is hedging. Only maximalists are convincing themselves it’s winner take all. Not prudent investing.
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I believe its winner take most
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