Altcoins are not “cheaper.” Bitcoin & altcoins don’t have prices, they have rates. The fact that 1 USD equals 14,768.45 IDR does not mean you should rush out to buy Indonesian Rupiahs. If everybody put their money on bitcoin everybody would gain a lot faster.
The key is to understand absolute scarcity. That’s something the world has never had before so people don’t understand it, yet. No matter how high the bitcoin rate goes, bankers can’t print it, miners can’t mine more of it. The supply is fixed! Bitcoin is literally the hardest, scarcest money the world has ever known. And it is becoming and will forever continue to become scarcer every day.
Ryan
npub1l2…au2yj
2023-05-12 03:02:23
Author Public Key
npub1l2lp635jh5es2r00zcrmjn7029g2ntkgunhhcjf3n2yxmn6ztutqsau2yjPublished at
2023-05-12 03:02:23Event JSON
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"content": "Altcoins are not “cheaper.” Bitcoin \u0026 altcoins don’t have prices, they have rates. The fact that 1 USD equals 14,768.45 IDR does not mean you should rush out to buy Indonesian Rupiahs. If everybody put their money on bitcoin everybody would gain a lot faster. \n\nThe key is to understand absolute scarcity. That’s something the world has never had before so people don’t understand it, yet. No matter how high the bitcoin rate goes, bankers can’t print it, miners can’t mine more of it. The supply is fixed! Bitcoin is literally the hardest, scarcest money the world has ever known. And it is becoming and will forever continue to become scarcer every day.",
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