What about Dogecoin
- Dogecoin is not a good store of value due to its limitless supply (Very inflation, much coin)
- Dogecoin isn’t as secure as bitcoin do to a lack of technical progress
- Started out as a joke in 2013 and was created in a few days by copying Bitcoin’s source code
Priced in bitcoin
How does DOGE compare to BTC over time?
Since inception Dogecoin’s all-time-high, when priced in bitcoin, was May 14, 2021. This means that unless you bought at some point before that time frame and sold at that exact moment, you would have had less bitcoin.
Cryptocurrency hits different when priced in bitcoin
Bitcoin vs cryptocurrency
- Bitcoin is the first cryptocurrency and the blueprint for a lot of follow-on cryptocurrencies
- Satoshi created the bitcoin protocol and allowed others to build on top of it
- The Bitcoin network is a protocol and not a program or platform
- This key difference is like the internet vs Google. The internet protocol cannot be censored while google can
What about others?
Often when people think of the “crypto” industry they have 3 categories: Bitcoin, Ethereum and the rest. This fallacy can lead us to overlook some of their shortcomings.
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