Few understand this and it shows 😂
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comments
I will just take a Usd loan of few percent on my Btc and use that. Sell some Btc at overbought levels time to time to pay back Usd.
Also remember, you can pay using the Bitcoin Network without spending your bitcoin. A subtle distinction, that only few understand.
Every year, millions of dollars worth of bitcoin and other digital assets are lost. In most circumstances, these coins cannot be retrieved and permanently exit the currency’s circulating supply.
So eventually, there will be significant amount lost making it harder to be everyday transaction currency.
The primary reason for crypto is replacing current monetary transactions.
Anything else is fad like holding to park money like land etc. It’s not physical. It holds value as long as there’s buyer buying into same bullshit story.
The story with DogeCoin and likes are that a fixed amount can be kept in circulation by replacing lost ones.
Just like physical USD notes getting destroyed.
Bitcoin is an hard asset which is verifiable , fungible divisible portable unlike gold. It’s a modern gold because it has fixed supply which 21 million unlike Doge.
“The story woth DogeCoin and likes are that a fixed amount can be kept in circulation by replacing lost one”
I am not sure what are you trying to say here but there are millions of Doge coin mined every minute. Btc is in hundred per day, but btc has a hard cap of 21 millions.
Note here every year million dollar worth of btc is lost only to increase value of the existing coins.
Always remember bitcoin has that prestige being first crypto and it’s market mover for a reason. If btc dies entire crypto would die , but you can’t say that for doge
I am not here to trying to make you sell your doge you own, it’s your money. Do what you think is the best with your money, but before talking shit about btc first educate yourself and then we can have a healthy debate
Only OP understands this and it shows