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Bet2Earn | Guess the winner, be rewarded with $BTE
Bet2Earn ($BTE Token) | New generation play to earn guess to earn
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I don’t know what to tell you man. I’ve been holding Bitcoin since 2011 with a cost basis of $80 per BTC and ETH since 2016 with a cost basis under $10. Bought a significant amount of Polkadot at ICO for 29c (sold out in 2021 for a significant fiat return). Those three tokens represent/ed around 98% of my crypto portfolio although there are others that performed well like XRP (where my entry point was a fraction of a fraction of a cent- and fun fact I was amount the first couple of hundred users) which I sold out gradually over time. So yeah, do the math. BTC (and ETH to a certain extent) were both binary bets (which is the best kind of investment that you can make), and it’s no accident that I held and continue to hold the majority of my portfolio- the idea that that only happens with a ‘lost hard drive’ or ‘ there was no where to sell it’ (total bullshit fyi: BTE-c and MtGox had excellent volume) is exactly what’s wrong with your perspective. Healthy trading markets have existed for the past 15+ years even with some initial on-boarding friction. Long term investing is an ACTIVE decision, while the action to do so is passive (literally the best kind of labor/reward breakdown). Most people aren’t committed to long-term investing even when they say they are. Belief in the underlying assets is what’s key, because all short-term market forces become irrelevant over time. And this is goes beyond crypto, buying and holding QUALITY assets always beats the market by a mile. Apple, Amazon, Alphabet, etc over a 20 year period were all excellent holds too. I hope you do great out there. But maligning ‘buying and holding’ to some ‘boomer’ strategy is missing the forest for the trees.
Maybe you do pay the national debt, but you've also given up on USD as the world reserve currency and are no longer in control of the supply. Oh and BTE then you also have to give up most of those BTC reserves to pay the debt. Economists smarter than me are needed to pontificate about the ramifications, but I don't think that sounds like a long term win for the US.
Already done. It's called Bytecoin (BTE, not the pre-mined shitcoin BCN), a one-to-one clone.
BitThereum. BTE for short. It does absolutely nothing, but enough idiots would buy it thinking it's BTC or ETH. If I'm really lucky, a cult following will spring up convinced it's going to a one trillion dollar market cap somehow.
Not only silvergate but the recent [Silicon Valley bank downturn](https://www.thenationalnews.com/business/2023/03/10/silicon-valley-bank-tries-to-reassure-clients-after-stock-plunges/) that could mean a black swan event also. Tech companies have nice ties with them so SVB is an important piece in the tech industry, and its fall may(will?) cause not only the sp500/nasdaq to go down but also BTE due to its correlation.
Financial oligarchs want to add BTE, and this shouldn't be unexpected.
Bytecoin (BTE, not BCN) it's a 1:1 copy of Bitcoin.