BTC vs Basket of Shitcoins - 3 year post-mortem \ stacker news ~bitcoin

BTC vs Basket of Shitcoins - 3 year post-mortem

885 sats \ 11 comments \ @gmd 17 Jun bitcoin_beginners

Looks like Eric Vorhees lost a $1000 bet that his hand-picked bag of shitcoins would have a larger market cap than BTC after 3 years.

BTC +72.7% Shitcoins +45.47%

Credit to him for paying the bet. There was a recent discussion of his appearance on the WBD podcast: #576458

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180 sats \ 0 replies \ @SatsMate 18 Jun

Shitcoining is a disease. I had it half a decade ago, and I am glad I embraced Bitcoin fully.

Unit bias feels good. Feeling like you can own a billion of something. Furthermore, the feeling that you are one of the early adopters also feels good. In the end, there are just more coins outstanding and as an early adopter, you are falling into greed.

Hope anybody still shitcoining can get help and get out!

120 sats \ 2 replies \ @riberet19 17 Jun

All those shitcoins that people said invest that much and by 2025 you'll be a millionaire, where are all those millionaires?

38 sats \ 1 reply \ @gmd OP 17 Jun

Well technically you'd still be up 45% which is pretty good. You're just down priced in BTC and likely to drop further behind.

120 sats \ 0 replies \ @riberet19 17 Jun

If you had invested in Solana and maybe the other one that rose more than 160% but most of the Shitcoiners haven't invested in all of those and will surely be at a loss.

120 sats \ 1 reply \ @freetx 17 Jun

Not only will BTC outperform, but it acts as a crypto-market index anyway. So many of the crypto algos trade "BTC ratios"...

21 sats \ 0 replies \ @gmd OP 17 Jun

Admittedly if you have fun money for gambling it would have been nice to ride that 5x Solana trade...

109 sats \ 0 replies \ @hasherstacker 18 Jun

99 sats \ 0 replies \ @joda 18 Jun

I'd bet $1000 Eth and Solana will outperform Bitcoin in dollar terms over the next year.

Still don't give AF and ain't buying any.

99 sats \ 0 replies \ @TheBTCManual 18 Jun

Lol and some luck involved there, the LEO token only pamped because those two weirdos with the bitfinex bitcoin got caught and stx hopped on the ordinals train, a few lucky shots in the sea of red

99 sats \ 1 reply \ @RedRadish688 17 Jun

Great, thanks to sharing. Even after this he still seems to be fond of shitcoins. But I enjoy listening to him.

20 sats \ 0 replies \ @gmd OP 17 Jun

I also really enjoy listening to him on podcasts and even though he gets a lot of shit from the maxis I always find him thoughtful.