My understanding of Bitcoin is divided into three stages:


The first stage is this. Dumbass—buy Bitcoin for a few bucks, for a few dozen dollars, and now it’s selling for several thousand dollars each to me. No way. I have to go find a new coin. I want to be the one who gets in and takes the first bite.
The second stage is that Bitcoin is fine, but I’m going to look for a coin with a higher potential multiple.
The third stage is, whoa—besides Bitcoin, almost all the rest are short-lived, scammy junk knockoff coins.
BTC0.21%
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