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0 pointscapeterson5y ago0 comments

For me personally, my belief in bitcoin is not tied to its monetary value at all. In fact, it's likely inversely related, as the more that it gains value, the more publicity it gets as a money-maker, which draws in more speculators.

I'm overall "just fine" with Ethereum though. There's a lot of speculation going on, but it's also a rather productive idea that I hope takes off in the future.

I'm a fan of cryptocurrency in general, just not really Bitcoin.

edit: Thinking about your question though, maybe it could be interpreted as "if the market cap/price of BTC was more stable, would you like it?" and the answer to that is yes, however still I don't believe that it provides much utility compared to other cryptocurrencies.

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silentsea905y ago

My question was trying to probe at Op's belief in value of btc being 0 and at what point they'd question it.

If BTC was more stable and you'd like it then, it implies you are likely a late stage investor here. Volatility comes with price discovery. The publicity and speculation come and go but build on each other over time. We're conflating the short term volatility and hype cycles with long term value, and if you only focus on the former it is like missing the forest for the trees (my opinion).

I am not a BTC purist, and think Eth has its place too. If that connects with you better, cool! Who knows if BTC will die and ETH is the future of crypto. ETH is more volatile objectively, but if your belief in ETH makes you hold through the cycles, more power to you.

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silentsea905y ago

My question was trying to probe at Op's belief in value of btc being 0 and at what point they'd question it.

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