Perspective from 2013 Bitcoin Miner Coming Back into Crypto After 8 Years
https://ift.tt/3sUgVJu
To clarify, when I mean ‘bitcoin miner’ I mean altcoin mining converted into BTC. This was the main reason to mine at the time. BTC mining required ASICs by that time, and many resorted to their GPUs. Majority of other coins were considered scams or ICO P&D’s that proliferated on bitcointalk.
Took an 8 year break without following any news about crypto, and all I see now are the same altcoin scams and P&D schemes but with MUCH more sophisticated marketing. It is a much more dangerous landscape to be in as a new investor than when it was much simpler back in 2013/14. I see people showing their portfolios with literally nothing in BTC today.
The future of cryptocurrency is BTC (if it means anything, Goldman Sachs identified BTC as a ‘[pure cryptocurrency](https://ift.tt/3JErQwV), and there will be a huge reckoning when most of these other coins crash and the biggest altcoins whales will convert their coins into BTC. FYI, not saying all non-BTC are terrible, I do admittedly dabble in other ecosystems that shows promise, but I am sick of the BTC haters and ‘btc maxi’ labels being thrown around.
Cryptocurrency
