This is true, but it doesn't mean the next attempt by the next guy won't fail. Looks at how quickly TikTok came onto the scene. The user engagement among young people seems much higher than IG stories. It honestly doesn't take much these days to shift millions of users onto something else. If you are to talk land, fine, there is a limited amount of that. Same with gold or silver. In fact, it would be very difficult to find another element to replace these with. You can of course arbitrarily pick another item to use as a store of value, but you can't just invent it. With crypto, its easy to make another one. And with the network, its also quite possible for mass adoption in a short amount of time. The US needs an army to defend its paper money. Bitcoin has nothing to defend its network as being the only/best one. All it can hope for is money to keep flowing into Bitcoin, but the day another competitor appears, Bitcoin will not have an avenue to ensure its dominance.
QE to infinity. Bitcoin is the fastest horse as paper money collapses. Look at the chart at gold marks priced in reichsmarks. https://en.m.wikipedia.org/wiki/Hyperinflation#/media/File:German_Hyperinflation.jpg
Demand is higher than supply, so crypto will continue to run. there's no "fundamental" resistance or support. just ride the trends and you'll probably do okay. no need to have a view on the value in order to make money.
Sure. You still can't explain why we should back Bitcoin as compared to BCash, what is much better at transferring money, etc.
What percentage of your liquid net worth is in cash? How many deposit accounts and certificates of deposit do you have? Is cash a store of value when the money supply is rising exponentially? The way to survive hyper inflation is to borrow money and buy assets. I am taking margin loans to buy stores of value.
Bitcon is a play on the global narco trafficking trade which is booming. I wish it was legal to buy/trade where I live but it isn't.