Bitcoin is a scam
A single Bitcoin is worth up to $100,000, with no backing, just like stock trading, where stocks have companies supporting them.
The total number of Bitcoins is 21 million, fixed and unchanging. It is a concept of scarcity. We believed it 10 years ago. But today we find that Bitcoin can also be divided... just like we have length units such as km, m, dm, cm, mm... nm.
Then Bitcoin can have decibits, centibits, millibits... nanobits. After 10 years, the price of Bitcoin has increased by millions of times, and the money that could originally buy 1 Bitcoin may not even be enough to buy a nanobit now. Although the total amount of Bitcoin is 21 million, with this division, hasn’t the total amount become 21 trillion? In this case, is the total amount still fixed and unchanging?
From another perspective, you can have Bitcoin, I can have Dogecoin, he can have Catcoin, she can have Pigcoin. When the number of virtual currencies in the market reaches tens of thousands, is your Bitcoin still scarce?
10 years ago, I also wanted to mine Bitcoin, but then I thought of these two points and felt that Bitcoin was unreliable. I wonder if we missed the opportunity?
Recently in the Meme project, Musk's beloved DOGE and SHIB
have taken off in popularity~ and Musk's other pet Marvin is also about to rise in popularity. Musk has created a coin specifically for his beloved pet, which you can follow and learn about.