I saw this one comment asking if shit coins could devalue bitcoin. At face value; sure, could happen… Usually though – The most obvious answers generally lack perspective.

I think this comes from many mistakenly compare bitcoin to fiat currency, and that's how such a thought process is born. Not only is it evident that they understand or have misunderstood BTC, but it's just wrong.

You should rather compare bitcoin to gold;
Like gold, bitcoin has a finite supply.
Like gold, it has use-cases other than its monetary value.
Like gold, their price charts haven't seen as high a peak since the last 20 years. With it's highest peak ca. 3 month after BTC's.
However unlike BTC, its price hasn't dropped again significantly since its peak.

Thought unlike gold, its easily divisible.
Unlike gold, BTC has a greater supply.
Unlike gold. Its new. It's not mined with blood of slaves. No. Just computers.

submitted by /u/Donteven1
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