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

[DrBitcoin]

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!!

[mk4]

Majority of the "investors" are  just invested and interested in most altcoins simply because they think they missed out in bitcoin gains, so they hope certain altcoins will have the same price increase multipliers in the future. That's simply why there's so much speculation even though most coins doesn't even do anything decent or special. And to add to that, altcoins holders are waiting for the so called "alt season" lol.

In Cardano's case, people might be hoping that Cardano would be a good competitor to ETH due to Charles Hoskinson being one of the founders of Ethereum(afaik); and people sure like coins with low total supply because they can get a hold of a good number of it. Definitely a lot of unit bias there.

[Khaos77]

Short Sighted on your part,

Altcoins or shitcoins whatever you want to call them,

Many have
higher transaction capacity
greater speed
energy efficiency
fixed fees which are more cost effective than LN Hubs

so they actually can be used as a currency, while btc is nothing more than a hodl and sell at peak coin,
unsuitable for daily transactions due to excessive fees.

Can you make money off of BTC, sure.
Can you make money off of Alts , sure.

You just have to tailor your trading according to market conditions.

Blood in the Streets , and coin has strong fundamentals and low inflation, Time to buy
Everyone Buying , and every stranger recommend buying, Time to sell.

Good Luck in whatever your choice.
 

[mk4]

Many have
higher transaction capacity
greater speed
energy efficiency
fixed fees which are more cost effective than LN Hubs

Sure. In exchange of what? Significantly far less security and decentralization, which is one of the most important characteristics of a cryptocurrency.

so they actually can be used as a currency,

Good luck getting people to accept them.

while btc is nothing more than a hodl and sell at peak coin,

You can say the same for the altcoins. People are speculating on it simply because it could potentially be worth a lot more in the future, and there's really nothing bad about that.

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.

[Mahanton]

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?

[soonitcome]

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!!

project with billions of coins is huge red flag to stay away, yet most of the people fall for this scams.

if a project have  billions of coins without even look in the source code and other shit you must stay away, yet some people learn the hard way, and some never.


projects with billions of coins all of them are scams,

[mich]

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 personally also hold a bunch of what the market has identified as 'shit coins' and thought trading them all for BITCOIN as well.
The main reason I havent done so yet is because when I do the math, I have spent many BITCOINS to purchase these 'shit coins' and cant come to terms with myself to take such a big loss 
I would rather HODL on for better times when these coins will increase in value but I agree with you that coins like Cardano do literally nothing but fall in value

[DrBitcoin]

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 personally also hold a bunch of what the market has identified as 'shit coins' and thought trading them all for BITCOIN as well.
The main reason I havent done so yet is because when I do the math, I have spent many BITCOINS to purchase these 'shit coins' and cant come to terms with myself to take such a big loss 
I would rather HODL on for better times when these coins will increase in value but I agree with you that coins like Cardano do literally nothing but fall in value

Agreed. But everyone LOVES Cardano. What a great project! It’s peer reviewed. Charles Hoskins is a genius. Blah blah blah.

How about...Cardano is going to change our LIVES by enabling X Y Z? No, that’s not a thing.

Let’s get real. Cardano is just another shitcoin. It’s a well received shitocin. But it’s a shitcoin.

[soonitcome]

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 personally also hold a bunch of what the market has identified as 'shit coins' and thought trading them all for BITCOIN as well.
The main reason I havent done so yet is because when I do the math, I have spent many BITCOINS to purchase these 'shit coins' and cant come to terms with myself to take such a big loss 
I would rather HODL on for better times when these coins will increase in value but I agree with you that coins like Cardano do literally nothing but fall in value

Agreed. But everyone LOVES Cardano. What a great project! It’s peer reviewed. Charles Hoskins is a genius. Blah blah blah.

How about...Cardano is going to change our LIVES by enabling X Y Z? No, that’s not a thing.

Let’s get real. Cardano is just another shitcoin. It’s a well received shitocin. But it’s a shitcoin.

there is levels of shitcoins which mean ...

if you have small supply coin/shitcoin at last it can grow in price fast!

then you have huge supply coins/shitcoin which never will grow in price because the supply is to much and the project basically scam.

caradano forum also scam people that the supply dosent matter and the price will spike and it cannot happen with billions of coins supply!

so if you invest in shit coins at last look the supply is low

[mindrust]

I am starting to believe that alt run&crash in 2017-2019 was the Dot.com bubble happened in 2000's.

There were many tech companies being shilled on Wall Street at that time just like how people shilled for shitcoins/ICO's in 2017.

Only the strongest survived the crash in 2000's. Just like it is happening now.

*%99.2 btc here.

[figmentofmyass]

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!!

it sounds like the market convinced you---by taking your money.

i don't believe any altcoins hold a candle to BTC, and i don't know anything about cardano, but there is some interesting work being done with privacy and smart contracts/DEX.

the thing about altcoin/BTC markets is they realize almost all their gains at the end of a bull run, in the last throws of the bubble. ADA may be crap but it will bubble at that time with the best of them.

[soonitcome]

stay away from huge supply projects with billions of coins OR  LEARN THE HARD WAY

this is why bitcoin came 0ut with 21 million coins!

simple equation to know why and somehow people years in this industry and still dont know this simple fact

[bbc.reporter]

Tone Vays is a bitcoin maximalist. I would not listen to any investment advice from him. I reckon his partiality fogs his judgement.

In any case, how far the sentiment today is from 2017 hehehe. However, if altcoins begin pumping, are we going to be altcoin maximalists again?

[TimeBits]

Not all altcoins are shit coins

One of them will replace bitcoin someday better yet, replace fiat.

I will bet my life on it.

You have to be a closed minded fool to think just because it is not bitcoin it is shit, fucking fool and a tool.

You will be one of the morons driving a fred flint stone car, while others have learned to use engines instead of their feet.

Bitcoin Maximalist


Me embracing all crypto, some call me a shit coiner.

[pooya87]

altcoins in my view are two categories:
1) the hot ones on top
these are big coins like the top market cap coins and sometimes even small ones. they are completely useless coins that are only hyped up by their owners to be pumped and dumped. they are excellent for making short term profit if you are a day trader and familiar with the altcoin market. you should never bag hold any of them

2) the technologically interesting ones
these are rarely among the top coins and i have not seen any see any major pumps. they usually don't see any interest because they are being overshadowed by those big pumping coins and sometimes because they have some additional issues. they aren't good for investing but they are good to see the blockchain technology used in a different way.

[hatshepsut93]

I've made some good profits with alts in the past and turned them into more BTC, and even though today alts are only a few percents of my portfolio, I regret holding them, especially in the light of me always being critical of altcoins starting from more than 1 year ago. I saw it coming - people realizing that altcoins = shitcoins, and still I hodled some, just in case they will rise.

[Khaos77]

Many have
higher transaction capacity
greater speed
energy efficiency
fixed fees which are more cost effective than LN Hubs

Sure. In exchange of what? Significantly far less security and decentralization, which is one of the most important characteristics of a cryptocurrency.

Fiats or other crypto, their choice.
You think hashrate and energy waste secure the coin ,
and ignore the 4 pool operators behind the curtain that can 51% attack at a moment notice,
due to that criteria , any alt with more than 4 main holders is more secure than bitcoin.
Let that burn into your brain, Hashate and energy waste are useless in securing a coin,
when the miners give a mere 4 pool operators over 51% control on a daily basis.

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.

And you be wrong again, in the rare instance when forced to use bitcoin in my dealings.
I always check the transaction log, to see how slow it will be this week and postpone sending until unconfirms are below 15000.
https://www.blockchain.com/btc/unconfirmed-transactions
And when forced to use Bitcoin, I ignore the fee and pay the highest , which many others can not.
Otherwise I use litecoin or doge or ZEIT, as their speed and lower fees make them the more sensible economic choices.

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.

[mk4]

You think hashrate and energy waste secure the coin ,
and ignore the 4 pool operators behind the curtain that can 51% attack at a moment notice,
due to that criteria , any alt with more than 4 main holders is more secure than bitcoin.
Let that burn into your brain, Hashate and energy waste are useless in securing a coin,
when the miners give a mere 4 pool operators over 51% control on a daily basis.

Because it'd make complete sense for 4 pools to 51% attack the network that's pretty much their businesses' main source of income right? And goodluck getting them to cooperate. Even CZ of Binance couldn't attempt to convince them even with money in offer.

Also, mining pools =/= miners.

And lastly, before you say that mining is centralized: https://i.imgur.com/Ec7vVGq.png

And when forced to use Bitcoin, I ignore the fee and pay the highest , which many others can not.
Otherwise I use litecoin or doge or ZEIT, as their speed and lower fees make them the more sensible economic choices.

If you're stupid enough to unnecessarily pay for a high fee, then you do you. Also, whatever that ZEIT thing is.

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.

If you actually use bitcoin, you notice that it's not actually long, if you pay a decent fee, which is really not that much but a few cents.

[Naida_BR]

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!!

Each and every altcoin has a different usage behind it.
Cardano is used equally as Bitcoin is used now. The difference is that more people hodl Bitcoin instead of Cardano.
If you don't like it sell it. But you probably bought this alt due to the hype and you thought that you are going to be millionaire. It seems you know nothing about Cardano's vision.

PS. I am not a Cardano hodler...

[gentlemand]

It's always been Bitcoin/Shitcoin but that doesn't preclude making vast amounts of money from them.

The key is always remaining aware of what they truly are and not falling in love with them. If you can treat them completely unemotionally then you'll do well.

Mr Vays is as emotional about them as the most brain dead XRP shill. Both have let gains pass them by because of it.

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.