Are Dogecoin and Shiba Inucoin similar to Bitcoin? Let's talk about it:
1. They started from different starting lines. Bitcoin (BTC) is a veteran, uses a lot of electricity, has many loyal fans, is famous, and has a wide range of uses. They are much better than Dogecoin and Shiba Inucoin (Shib).
2. There is no upper limit on the number of Dogecoins. It was agreed at the beginning that 100 billion would be issued, and 5 billion would be added every year in the future. By 2034, it would increase by 2.5% every year. Bitcoin and Shiba Inucoin are both limited editions.
3. Shiba Inucoin is not only popular because of jokes, but also wants to build its own network and make smart contracts. Bitcoin is also working on the network, but Dogecoin is relatively lazy and has not made much progress. Bitcoin's "little brothers", such as CKB and STX, are also quite valuable when added together, and have a bright future.
4. When it comes to decentralization, Bitcoin is relatively scattered. The top 100 big holders only account for 12%, while other currencies and gold are too concentrated.
5. When the bull and bear markets come, Bitcoin falls less and less, from 90% to about 75%. When Dogecoin and Shiba Inu coin are bearish, they fall badly, and it is not uncommon to exceed 90%.
6. The most important thing is that in economics, good things are always more valuable. Just like gold is more expensive than silver, the gap is getting bigger and bigger. Bitcoin may also be compared with gold in the future. Of course, Bitcoin is still young now, and it may fall one day (for example, Satoshi Nakamoto suddenly appears, or the government intervenes). But as long as nothing major happens, Bitcoin will surpass gold in the near future. As for Dogecoin and Shiba Inu coin, it is a bit difficult to catch up with Bitcoin.
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