I see your point, but I am scared of the americans overreacting in the coming hours as they wake up.
I think hodl memes have become somewhat real in the west. I don't think Korea/China/Japan have the buy and hold mentality. I'd except the west to buy as they wake up starting now.
Wow the downvotes for people who think that Iota will not reach top 3... You guys don't even give arguments.
I think they wont reach top 3 this year. The IOT is not far enough adopted. Will take at least a few more years. Really think you would order a pack of milk using your fridge next year? Do you even have an electric car yet?
Besides that the devs still need to make it work without the centralizator.
Pack of milk, and a carton of cigarettes...wait...
Lol. I schooled like 5 people that were trying to pitch Bitcoin to me without any knowledge about the technology already.
Guess what, they all instantly sold.
If you know how bitcoin works, and are aware of it's risks and limitations, there's nothing wrong with holding bitcoin.
It's just that those people trying to push me into bitcoin didn't have any understanding whatsoever of what a blockchain is, what bitcoin actually is, and the technical limitations of bitcoin.
They thought that Bitcoin was something that actively generated money, not just a currency token that's speculated about.
I don't get all the hate I'm getting, either. As I said, as long as you're aware of the upsides and downsides of bitcoin, and know that it's a hugely speculative market that thrives on hard advertising to get more people to buy into it - if you think, you can still get out with a profit, go ahead, invest in Bitcoin. I could have bought Bitcoin at 20$ a piece, but I didn't, because I wasn't willing to take the risk of it plummeting down into absolute oblivion and losing my money.
Now, I hold ~100$ in IOTA though, just for fun. Let's see if that takes me anywhere.
I agree with most of what you said, except the fact that Bitcoin works off if hard advertising...there is 0 advertising as there is no central fund to pull from to pay for it.
Well I'm on near 72 hours waiting for a 250$ transaction to finish so maybe it's a losing battle.
If only Bitcoin could be updated somehow, with a second layer or something...
Was being facetious. LN will change the whole playing field.