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re: Official CryptoTalk Thread
Posted on 9/20/21 at 9:47 am to rocket31
Posted on 9/20/21 at 9:47 am to rocket31
quote:
i no longer believe we will be getting the ungodly returns on bitcoin like we used to, but its still up ~250% yoy
If Bitcoin does truly fulfill its role as digital gold that simply keeps its value, it will eventually have to stabilize and track simply with the debasement of whatever you are valuing it with. You will then be able to judge the value of an investment by how it performs relative to Bitcoin, the best metric of absolute value.
Put another way, if you have an altcoin that isn't outperforming Bitcoin, why even bother with the investment at all? Just throw it in BTC.
This post was edited on 9/20/21 at 9:48 am
1
Posted on 9/20/21 at 10:25 am to Ross
true and all it really needs to do is outpace inflation to be considered healthy
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