Tone Vays has won me over: There is Bitcoin...and shitcoins.

[rdluffy]

You couldn't generalize, ETH for example, it's a solid altcoin, with fundamentals and real world usage
XMR is another example
And you can add some coins, but it's up to you to find what coins have future and worth you money

[Khaos77]

If you actually used bitcoin to pay, you notice it takes so fucking long ,
that many time the merchant acceptance timer for the agreed upon number of bitcoin comes close to running out.
But since you only buy and hold , you don't know shit.

Wrong, few merchant (such as BitRefill) and payment processor, depending on configuration) accept 0-conf as long as your fee isn't too low or/and transaction amount isn't too big.

P.S. i'm not talking about Lightning Network, but Bitcoin on-chain transaction.

You know nothing on this matter, Pay Mega with your slow bitcoin , and you see what I am talking about.

[gentlemand]

You couldn't generalize, ETH for example, it's a solid altcoin, with fundamentals and real world usage
XMR is another example
And you can add some coins, but it's up to you to find what coins have future and worth you money

The nature of the coin doesn't really matter, though solid is obviously better than shit.

The only thing that decides its value is the zombies pumping or dumping it. Most won't know or care how 'good' something is. They're the ones who make or break it, not the developers.

Innovative coins like Peercoin are now dead as a door nail purely because the excitement ran off elsewhere.

[Kakmakr]

When I started there were only a few Alt coins to chose from like LiteCoin and DogeCoin …. but everyone knew none of them will ever be the next Bitcoin. This belief become stronger as we went through a plethora of Alt coins being added over the years and also several "hostile" takeover attempts with all these forked coins.

In future things might change and some other coin might get massive support from governments and Banks or some huge social media platform like Facebook, but it will never be the same if they are centralized and controlled by a single entity. Bitcoin will always be the "People's Coin"    

[rdluffy]

You couldn't generalize, ETH for example, it's a solid altcoin, with fundamentals and real world usage
XMR is another example
And you can add some coins, but it's up to you to find what coins have future and worth you money

The nature of the coin doesn't really matter, though solid is obviously better than shit.

The only thing that decides its value is the zombies pumping or dumping it. Most won't know or care how 'good' something is. They're the ones who make or break it, not the developers.

I think in a long term, this pump and dumping doesn't matter
With solid coins you have institutional money into, not only money of people
Again I will repeat, you could not generalize

[rdbase]

Tone Vays does seem to be the few of the crypto OG holders which seem to know what he is talking about.
And yeah. I dont think a lot of people want to hold cardano.
It doesnt have a mainstream use case for anyone to hold on to it for the long term unfortunately.

[kryptqnick]

The Bitcoin and shitcoins thinking has been around since the early stages but gained popularity especially during the current bullish market. Indeed, unlike in 2017, Bitcoin's success is currently not associated with the growth of altcoin market at all, and BTC dominance is very high.
But I still believe that some coins deserve attention. IOTA with DAG is still not appreciated enough, and Ethereum's smart contracts are important, even though kit particularly user-friendly yet. As for the majority of the market - yeah, it's just trash.

[Khaos77]

Bitcoin will always be the "Elite's Coin"    

FTFY,

Most people can't afford $100 per transaction fees that onchain bitcoin is headed toward.
Very few , even in the US can afford ½ bitcoin, and forget the majority of the rest of the world.
Bitcoin costs too much for the average man to mess with, that ship sailed years ago.

[rdluffy]

Bitcoin will always be the "Elite's Coin"    

FTFY,

Most people can't afford $100 per transaction fees that onchain bitcoin is headed toward.
Very few , even in the US can afford ½ bitcoin, and forget the majority of the rest of the world.
Bitcoin costs too much for the average man to mess with, that ship sailed years ago.

Hey, 100 USD fees for transaction?
This is not true
I use alts to transfer money, but BTC is evolving, with lightning network and future technologies, we won't spend 100 USD per transaction

[Nolimitz84]

Perhaps it’s the absolute slaughter of altcoins. But I feel like we were all blinded in 2017. I have 20,000 Cardano, and all I see it do is lose Satoshi value. I feel like I’ve had enough!!

I mean seriously. What is Cardano? It does nothing. Nobody uses it. It’s one of about a dozen protocols that will probably never be used and never be wanted.

I’m 85% bitcoin. I’m about to make that 100%. Everyone loves Cardano...really? Why! It’s just another shitcoin. They are all shitcoins!!

I don’t think that this particular altcoin is worthless. How would you not want it, but the Cardano is a unique coin. Which by the way is in 12th place on the CMC.Yes, of course, it is better to store more assets in bitcoin,but promising altcoins will not be superfluous in your portfolio.

[Twinkledoe]

Tone Vays does seem to be the few of the crypto OG holders which seem to know what he is talking about.
And yeah. I dont think a lot of people want to hold cardano.
It doesnt have a mainstream use case for anyone to hold on to it for the long term unfortunately.

I agree with this. Mainstream use case is really needed for an altcoin to grow its value. So in what applications are Cardano used so far? Honestly, I have never used cardano in my altcoin transactions. I wonder how many crypto users are religiously using cardano?

[mk4]

Most people can't afford $100 per transaction fees that onchain bitcoin is headed toward.

Because who the heck would pay for $100 transactions unnecessarily if you could pay just a few cents?

Very few , even in the US can afford ½ bitcoin, and forget the majority of the rest of the world.
Bitcoin costs too much for the average man to mess with, that ship sailed years ago.

Just for your information, Bitcoin is highly divisible that you can even own $1 worth of a bitcoin. You obviously don't know what you're talking about.

[Khaos77]

Most people can't afford $100 per transaction fees that onchain bitcoin is headed toward.

Because who the heck would pay for $100 transactions unnecessarily if you could pay just a few cents?

Very few , even in the US can afford ½ bitcoin, and forget the majority of the rest of the world.
Bitcoin costs too much for the average man to mess with, that ship sailed years ago.

Just for your information, Bitcoin is highly divisible that you can even own $1 worth of a bitcoin. You obviously don't know what you're talking about.

Many people don't buy gold , because if they can't afford an ounce all that is left is a gram.
Have you ever seen how pathetic a gram of gold looks, no bigger than a postage stamp.
Owning a few satoshis is just as pathetic and many won't waste time on it, if they can't buy at least a half.

https://cointelegraph.com/news/mining-asic-giant-bitmain-lost-625-million-expects-profits-in-april
When the main ASICS company is losing money and only hope to stay afloat is more venture capital fiat ,
it kind of show bitcoin is not the dream, many aspire it to be.

Mining ASIC Giant Bitmain Lost $625 Million,

Keep thinking bitcoin has no problems, time is coming where that is going to bite people hard.

[mk4]

Many people don't buy gold , because if they can't afford an ounce all that is left is a gram.
Have you ever seen how pathetic a gram of gold looks, no bigger than a postage stamp.
Owning a few satoshis is just as pathetic and many won't waste time on it, if they can't buy at least a half.

Many people don't buy gold simply because many people don't even know the importance of a SoV, not to mention majority don't even put their money in other assets in the first place.

Also, most people who buy gold don't even physically own the gold. They have ownership, but they let the vaults hold it for them. It has nothing to do with how a gram of gold looks.

https://cointelegraph.com/news/mining-asic-giant-bitmain-lost-625-million-expects-profits-in-april
When the main ASICS company is losing money and only hope to stay afloat is more venture capital fiat ,
it kind of show bitcoin is not the dream, many aspire it to be.

Mining ASIC Giant Bitmain Lost $625 Million,

Keep thinking bitcoin has no problems, time is coming where that is going to bite people hard.

Who says Bitcoin doesn't have problems in the first place? It's far from perfect, hence there's a lot of people working on it and trying to improve it.

[Khaos77]

Many people don't buy gold , because if they can't afford an ounce all that is left is a gram.
Have you ever seen how pathetic a gram of gold looks, no bigger than a postage stamp.
Owning a few satoshis is just as pathetic and many won't waste time on it, if they can't buy at least a half.

Many people don't buy gold simply because many people don't even know the importance of a SoV, not to mention majority don't even put their money in other assets in the first place.

Also, most people who buy gold don't even physically own the gold. They have ownership, but they let the vaults hold it for them. It has nothing to do with how a gram of gold looks.

Ownership of gold certificate is for fools,
if you don't physically have it, you don't have it, more useless paper.

Smart people hold gold, and a gram of gold sucks , because it is so small.
Just as smart people hold private keys and don't leave everything on an exchange where they don't really own it.

https://cointelegraph.com/news/mining-asic-giant-bitmain-lost-625-million-expects-profits-in-april
When the main ASICS company is losing money and only hope to stay afloat is more venture capital fiat ,
it kind of show bitcoin is not the dream, many aspire it to be.

Mining ASIC Giant Bitmain Lost $625 Million,

Keep thinking bitcoin has no problems, time is coming where that is going to bite people hard.

Who says Bitcoin doesn't have problems in the first place? It's far from perfect, hence there's a lot of people working on it and trying to improve it.

People are working on LN, they gave up on onchain bitcoin, when they left the onchain transaction capacity in the shitter for offchain banking.

[Herbert2020]

Tone Vays does seem to be the few of the crypto OG holders which seem to know what he is talking about.
And yeah. I dont think a lot of people want to hold cardano.
It doesnt have a mainstream use case for anyone to hold on to it for the long term unfortunately.

I agree with this. Mainstream use case is really needed for an altcoin to grow its value. So in what applications are Cardano used so far? Honestly, I have never used cardano in my altcoin transactions. I wonder how many crypto users are religiously using cardano?

it is not just Cardano, but all the other altcoins too. none of them are used anywhere for anything other than on exchanges and for trading. that is why the developers have been focusing on coins/tokens for trading purposes only for the past 2 years and the ICO market has been so heated in 2017 because it was purely a gambling game where people tried to make profit.

[bryant.coleman]

Perhaps it’s the absolute slaughter of altcoins. But I feel like we were all blinded in 2017. I have 20,000 Cardano, and all I see it do is lose Satoshi value. I feel like I’ve had enough!!

I mean seriously. What is Cardano? It does nothing. Nobody uses it. It’s one of about a dozen protocols that will probably never be used and never be wanted.

I’m 85% bitcoin. I’m about to make that 100%. Everyone loves Cardano...really? Why! It’s just another shitcoin. They are all shitcoins!!

Know what? In 2017 I was seriously considering about investing in Cardano. Third generation cryptocurrencies were the craze back then. Cardano had risen in value by 100 times over a period of two or three months. Analysts were even predicting that it was going to replace Bitcoin very soon. OK... now I made my decision to purchase Cardano. For that, first I needed to install the wallet. Now comes the fun part. There is no online wallet or lite wallet available for Cardano. If you want to store ADA, then you need to install the full wallet known as Daedalus, which takes several GB of your desk space. Another option was to store ADA in an exchange wallet. I thought about it for a while, before eventually giving up my plans.

Looking back now, I feel happy. I made the right decision by not investing in Cardano. It went down by 98% during 2018-19, and If I had invested in it, then I would have incurred heavy losses. The Cardano developers have gone AWOL. Users are still demanding a lite wallet, but the developers are busy enjoying their ill-gotten gains. BTW, I heard that now a lite wallet called Yoroi available for ADA. For me, it is too late.

[nicecrypto]

unsuitable for daily transactions due to excessive fees.

If you actually use bitcoin, you know that that's statement is ultimately false. A very common statement from people who doesn't really use bitcoin. I'd bet you got that criticism from shitcoiners on Reddit.

Maybe he got wrecked on paying up high fees on that 2017 bull run. What you think?  on where he do already make conclusion that bitcoin isnt suitable for that field but
look at the entire market.Its been dominating for 10 years and counting but people do still question on BTC capacity?

so both of you don't think btc has a high transaction fee! tell me if you are buying anything worth $2 for example, how much you think will be transaction fee?

nobody questioning btc dominance but your ideology that only btc deserve to be in existence and other alts are shitcoins, if this is the case what is the point of decentralization, let btc be the one and only crypto in the world.

[figmentofmyass]

I'm dead curious to see what the next alt bubble looks like. It certainly won't resemble the last one but there definitely will be a type of one.

the one consistent thing about both 2013 and 2017 was the altcoin blow-off top in the last couple weeks of the bubble. if nothing else, i'm confident that will play out again. it's a natural late stage phenomenon where new "missed the boat" money starts chasing "the next bitcoin". as long as new money keeps coming into bitcoin, we'll see silly greed like this.

[NavI_027]

But I feel like we were all blinded in 2017. I have 20,000 Cardano, and all I see it do is lose Satoshi value. I feel like I’ve had enough!!

Yeah, it's pretty obvious that you got blinded by the hype on the last quarter of 2017and now you are regretting for riding on it. Well, don't treat yourself like you are the one who lose because most of us did. Alt holders (I am not, I just stick to btc for some reason) out there experienced the same but look at them they are still continuing their business. Losing doesn't mean the end of the world, it is a new beginning for you to become a better investor.

Hmm, if you are just a long term hodler then you might be in a big trouble right now because we don't know when the market pumps once again. So if I were you I'll try daytrading knowi g that i have a huge number of Cardano.