Bitcoin Maximalism – Crypto Survivors and OG’s Could Make a Case to Differ
Bitcoin Maximalism is a controversial concept that lurks around the crypto-verse and comes to the spotlight behind metrics like the Bitcoin Dominance Index (BTCD), institutional involvement, and various similar comparative narratives. It is undeniable that this concept comes without its own merit as the perception of the rest of the cryptocurrency markets behaving like a casino comes with adequate historical proof of rugpulls, scams, hacks, and the list goes on. It is the notion that only one crypto asset and network is worthy of investment, Bitcoin (BTC), the others are merely unreliable....
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Bitcoin has chosen violence with a sudden move to the downside resulting in a 5% loss in the daily chart. As of press time, the first crypto by market cap seems to be recovering as it moves back to the mid-zone of its current levels. Related Reading | Bitcoin Maximalism – Crypto Survivors and OG’s Could Make a Case to Differ Bitcoin trades at $65,442 still with a 3.6% profit in the daily chart. In the short term, BTC’s price has found support at these levels, but could see further downside if it dropps below $63,000. To the upside, much of the resistance has disappeared and BTC seems....
Trying to define and apply the label of Bitcoin Maximalism is a non-productive criticism that obscures more than it clarifies.
There has been a lot of digital ink spilled about the concept of Bitcoin Maximalism, but there are things the critics don’t understand.
For three days, thousands of Bitcoiners convened in the French coastal city of Biarritz to dive deep on Bitcoin, network, and promote Bitcoin maximalism.
Toxic Bitcoin Maximalism can serve an important purpose to ward off newcomers from scams and altcoins, but is there a time when the toxicity is too much?