Any currency that does not rise is a shitcoin, even bitcoin. Because if the Chinese block goes in a direction that can no longer be profitable, people will turn to something other than the blockchain to make a profit. It is quite clear
Agree. Only reason btc has survived is we managed to fool everyone that it has value. Hell, it’s initial use case of ‘currency’ was changed to ‘store of value’ when people realised how rubbish the technology was as a currency substitute. Now if people really wanted to use crypto as currency, Litecoin released just a few years after btc would have overtaken btc in MCap. It didn’t because no one is buying any of this for actual utility, just as long it all keeps increasing in fiat value, more plebs will keep on incoming.
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