Quote:
Originally Posted by Izzle
Thing is, I do want to understand. For the most part I rely on forums such as CP to read up on it. I could read the white paper but I'm not smart enough to understand. The other guides on the internet that dumb it down read as fan boys pumping Bitcoin tires.
From what I read about ETH, it makes sense to me. Much more so than Bitcoin. I would be comfortable putting a few dollars into ETHX.B to gain exposure to ETH. But I wouldn't for Bitcoin. Bitcoin is too energy intensive to be a daily currency and it's too volatile to be a store of value.
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If ETH makes sense to you, I suggest reading about some of the newer cryptocurrencies.
Cardano (ADA) and Polygon (MATIC) are two that I find very promising.
I don't think very highly of BTC. It might remain as a store of value, but its value for that is dubious at best. It is the top crypto right now because it was the first one.
Eventually, the world will move to decentralized, secure and private currencies. It is inevitable. Whether there are a few of them that rule, or dozens, or hundreds remains to be seen.