Sure they do. 1. You can make up NEW cryptos, infinitely. 2. You can fork an existing crypto every other day. (because everyday would be too much) TL;DR: Cryptos' supply is infinity on the square. ------------------------------ Now as an investment advice for OP. As the great Isaac Newton said above, you can invest in bubbles and ponzis, after all Tesla stocks are pretty much the same, and a bubble can exist longer than your short account. As long as you KNOW what you are investing in, and ACCEPT the RISK, go ahead full sail on. Just don't come back crying if occasionally the market corrects and get closer to reality. As a practical advice, since big moves are most likely done for a while. If you can sell options on BTC, (like on Deribit), just sell cash covered puts. Time works for you, premium is high, and if BTC drops, you get to own it for cheaper. Then you can play the wheel strategy.
Anonomous - it's pseudonymous and that's good enough for 95%+ of the people. Most aren't trying to hide anything and aren't doing anything illegal. If people are worried about such matters use Bisq to sell Bitcoin for Monero and use the Monero to transfer value, same in reverse. Cheap - Multiple examples of people moving hundreds of millions of USD for less than $5. And anyone can do the same today, with no need to ask persmission of course. Finite - It's the hardest money on the planet. A 100% guaranteed 21million hard cap. No more will ever be produced without Bitcoin impoliding which means no Bitcoin holder will follow any new chain that forks off with an increased 21m cap. Granted, there is some talk about increasing that cap ever so slightly in the future (decades away) to pay for security (if need be) but any proposal better make sense to Bitcoin owners otherwise it has zero chance of succeeding. Quick - Most of the time it takes 10 mins to transfer value, up to 60m if you really want to be sure. Of course, sometimes it can take a long time due to the mempool clogging up which is why education of how transfers work is important. Think of moving Bitcoin like the Post, sometimes you need it guaranteed next day and will pay for that, other times it doesn't matter if the letter takes a week, that will cost far less. Most people aren't that worried about speed so it's not a problem. Also, security = Less speed in the world of Crypto so any coin that is speedier will always have the tradeoff of weaker security. Safe - It's the most secure network on the planet and also the most stable with about 99.5% uptime over 11 years. And if/when it climbs in value it only ever gets more secure (because it will cost more to hack). Bitcoin is basically unhackable as has been proved over the last 11 years. As for the hacks people read about, they're either Exchanges with weak security, companies with weak security, or individuals that do stupid things. All are easy to avoid. Easy - It's not hard if people take the time to learn. And on that point, Bitcoin is a movement of all sorts of things, including an education movememnt. Get into Bitcoin and your overall tech knowledge gets better which is an asset as we're moving into a digital economy.
As I said, I don't debate facts. Educate yourself outside the cult. This thread is more about investment advice, than technical knowledge. But just let's remember 3 years ago when BTC was already 7-8 years old and a transmission cost peaked at 40+ bucks. That is what I call cheap! Even for a Bitcoin conference, nobody paid with crypto because of the ridiculously high fees. And let's not mention just how impossible to get a consensus on new features. Inflexibility to the Moon!
1. Yes you can, but will anyone follow you? How will you get the network effect in play? 1. Yes, you can fork Bitcoin, but see point 1. As for the great Sir Issac Newton, of course he's correct but I don't think even he could argue that bubbles last for 11 years and counting. If you study history all proper financial bubbles last a few years at most before they implode and either never come back or take a decade or more. This is why I said earlier to the OP, disregard the Bitcon bears because they've been saying the same worn out and discredited arguments for years. If when Bitcoin goes to $100k+ people like Peadalo will still be saying bubble - NSA plot - a cult - beanie babies - you can create any amount of Bitcoins via a fork and so on.
That's the beauty of Bitcoin. Let everyone else offer new shiny and faster features whilst Bitcoin hardly changes. Interesting to note that none of these new shiny features on other coins seem to attract the interest that Bitcoin does. Also, in the future if there is a blockbuster feature that some coin comes up with, Bitcoin can just copy it. The developers know they're in charge of protecting a very valuable asset and any wrong move could be disastrous so they're slow ON PURPOSE. Any new feature, often very technical to the outsider, is debabted at length, pondered on, tested and so on. This is a massive advantage that Bitcoin offers but it's very subtle to understand and miss which is why of course people like Peadelo miss it.
Bitcoin is going to zero because it is funded by terrorists and drug dealers. It has no intrinsic value. Oh yeah and hackers will hack it.
I certainly would be concerned with smaller crypto's because the number and types of crypto's is essentially unlimited , if a crypto does survive for any length of time it will be bitcoin with a rather nervous consensus and perhaps usefulness therefore, even if less than perfect, but it's quite possible something will happen that makes it worthless, perhaps a far far better crypto, maybe something unforeseen.