Bitcoin is by far the most popular and biggest of the coins.
Its usefulness is still very much a matter of argument.
It does not hold out much as an investment vehicle, being the easiest token of value to lose and/or get stolen without a trace, in the history of mankind, no exaggeration.
Related article on Bitcoin vulnerability:Will the ETFs cause Bitcoin price to drop eventually?
It has very limited usefulness as currency, we already know that by empirical evidence, though technologically it was never a sound idea as we all know a system either scales well or is decentralised, never both as that’d be a paradox. In simple terms, you can’t have more participants in a decision and also faster decision making.
Related article: The failed Bitcoin experiment that still runs
And now SEC strikes down on the biggest retail investor exchanges, and limit trading to only a few coins, so even if there were coins to address the shortcomings of Bitcoin, we are still left to trade with it.
eToro settled for $1.5 million and and Robinhood settled for just short of $4 million in California.
Just this month crypto exchanges were hacked, crypto exchanges turned out to sponsor ransomwares, smart contracts were exploited, and through all that 10s of millions were stolen. If crypto was a company, its price would plummet. Bitcoin is on the rise though, above 65k again.
Bitcoin does not correlate to events, news, economical sense, increasing unprofitably, and technical limitations.
Bitcoin does not correlate.
The World is finite though, it will either collapse for good, or at long last find an actual use, it’s only a matter of time. Even the whales’ pockets can’t HODL it forever as it is now.
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