Personally i would never advice anyone to buy bitcoin. I would never give financial advice, especially not on such a volatile asset. I also think that bitcoin is hugely overvalued when you look at comparatively much more interesting block chains.
What i would advice them to look into is stuff that i see working, or are beneficiary to the world. For example Power, Golem, or my favorite Steem. Stuff that has real world application, besides being a store of value.
Nice update, have a nice day dude :)
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It's not that I disagree, but I feel the urge to point out that the word overvalued is such a tricky one. Value is determined by supply and demand, in the end, so whatever the price for bitcoin is, is its "correct" price.
This is splitting hairs, though, since I know what you mean; STEEM can do everything BTC can, and more, and better.
The thing BTC has going for it is the brand and its first mover advantage.
Yeah, exactly, and i don't think that the first mover advantage is enough :) Technically you could value one bitcoin by calculating the power price it takes to produce one, but that doesn't make much sense either
I no longer recommend which crypto to buy to anyone anymore. I do however recommend joining STEEM because it's for free.
Very true. And i think a lot of people agree with you, which is why we are seeing the rise in user base. It's gonna be awesome seeing this continue