Libertarian, Capitalist, Software guy
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- Apr 1, 2010
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IMO the future of Bitcoin is more questionable than ETH. Yes the eth mainchain is expensive to use, but that's because it's being used so much. Look at the above list of crypto with cheap fees, it's a list of tokens nobody wants or uses. Ethereum is hitting its current limits on usage and constantly setting new standards across the crypto space and is the center of DeFi and NFTs. Does that sound like a crypto with a questionable future? Also freedom has a cost. Things that are "free" have hidden costs that are likely worse than a fee.I wouldn't discount the king: Bitcoin. Alts are good for high risk speculation at present, but remember most of them aren't going to make it. Even Eth is questionable right now, in my mind anyway. Bitcoin isn't going anywhere and is the safest play IMHO. And, it's half price right now from what it was a couple months ago. Buy a little at the same time each week/month and forget about it. Let me know how it goes in a few years.
ETA: I bought my daughter $50 in Bitcoin in 2019 for her birthday. It's worth much more today, even after this cyclical bear.
Meanwhile Bitcoin doesn't do much and has two major political problems that put it at risk: (1) too much energy use, and (2) it's goal for its use case is to replace the dollar as a global reserve/trade asset. The first issue has environmentalists wanting to globally ban it. The second issue is going to put it right in the crosshairs of this new Biden executive order on crypto and national security.