Philosophical or Analogy Question - Crypto to Internet

[pooya87]

There are many fewer that started in the 1980s that survive to this day e.g. Apple, Microsoft, Intel
Crypto today is like the 1980s there are Alt coins that will get hot and decline not to be heard from again; Dogecoin?

It is actually a lot like penny stocks. We have the big one on top called bitcoin (which is like the stocks whether Apple or Microsoft or ...) then we have thousands of useless small assets in a tiny market called penny stocks that have no real value and are only being pumped and dumped in a market called altcoin market instead of penny stocks.

BTC* - Microsoft - Great name recognition, easy to understand function

That's ignoring the main characteristics of bitcoin!
The most important thing is that it is delivering what it promised which is a decentralized censorship resistance payment system with high security.
The fact that bitcoin has grown this much has nothing to do with name recognition or being easy to understand because it has neither. With the amount of FUD against bitcoin its name is sullied with a lot of lies and it is extremely difficult for most people to understand how it functions specially since it is different from any other currency they have ever used.

ETH* - Apple - adopted by Defi and other platforms

This is actually like the Tulip mania. There is a useless hype called "smart contracts" that so far had no real world applications in the past 6 years that ethereum has existed and it solves nothing. It also was not capable of delivering what it promised. It is both centralized and mutable.
On top of all that it has unlimited supply with a gigantic premine of 72 million.
For now it is being pumped for a couple of weeks maybe but there is no future for such a severely flawed design.

BCH* - The general public will see this as the poor man's bitcoin

This is more like a centralized shitcoin that isn't good for anything other than short term pump and dumping.
It is also known as a scam coin specially since it had to scam people to force them into buying it. Like what bitcoin.com did when people went to that site clicked "buy bitcoin" gave their "bitcoin" address but they received bcash instead!

[Zoe Saldana]

There are many fewer that started in the 1980s that survive to this day e.g. Apple, Microsoft, Intel
Crypto today is like the 1980s there are Alt coins that will get hot and decline not to be heard from again; Dogecoin?

It is actually a lot like penny stocks. We have the big one on top called bitcoin (which is like the stocks whether Apple or Microsoft or ...) then we have thousands of useless small assets in a tiny market called penny stocks that have no real value and are only being pumped and dumped in a market called altcoin market instead of penny stocks.

BTC* - Microsoft - Great name recognition, easy to understand function

That's ignoring the main characteristics of bitcoin!
The most important thing is that it is delivering what it promised which is a decentralized censorship resistance payment system with high security.
The fact that bitcoin has grown this much has nothing to do with name recognition or being easy to understand because it has neither. With the amount of FUD against bitcoin its name is sullied with a lot of lies and it is extremely difficult for most people to understand how it functions specially since it is different from any other currency they have ever used.

ETH* - Apple - adopted by Defi and other platforms

This is actually like the Tulip mania. There is a useless hype called "smart contracts" that so far had no real world applications in the past 6 years that ethereum has existed and it solves nothing. It also was not capable of delivering what it promised. It is both centralized and mutable.
On top of all that it has unlimited supply with a gigantic premine of 72 million.
For now it is being pumped for a couple of weeks maybe but there is no future for such a severely flawed design.

BCH* - The general public will see this as the poor man's bitcoin

This is more like a centralized shitcoin that isn't good for anything other than short term pump and dumping.
It is also known as a scam coin specially since it had to scam people to force them into buying it. Like what bitcoin.com did when people went to that site clicked "buy bitcoin" gave their "bitcoin" address but they received bcash instead!

First let me say I am not knowledgeable enough about the technical applications of any coin.

However, your post is important because it shows the difference between a knowledgeable technical person and the common person like. me.

In the stock market you might be considered a fundamental analyst.  That is a person who reviews the income statement, balance sheet and market conditions for a particular stock.  I would be considered as momentum analyst.  I look at the price action and sociology of the stock buying public.

Technically everything you say could be absolutely true about the 'shit coins', I own.  However that does not mean that they will not survive in the long term.  Think about the debate between the computer IOS.  A lot of people say that 1980s the Apple IOS was better then the MS IOS for computers.  For example, Apple used less memory and was more intuitive.   Yet MS has a larger market share in computer IOS now.