Topic: All hail king 👑 BTC (Read 242 times)

I guess you meant Hashcash, right?

Only for those who invested cash they aren't in a hurry to miss. Otherwise, those who put in a lot get apprehensive once there's a dip. Or what else do you think makes panic sales happen?

True, especially on ROI, Bitcoin isn't when compared to what viable alt investments bring. However, investment in Bitcoin (rather than alts) is the safest noob investors can get into.

Yes, and only if you held Bitcoin or tethered your assets at a time like that. Otherwise, it's more frightening than nightmare could be for an experience.

Btc will always be the king. Without Bitcoin there won't be cryptocurrency. Other cryptocurrencies copied to be like Bitcoin. Bitcoin leads in the market . When Bitcoin rises or falls others cryptocurrencies are been aftect . Bitcoin rules Bitcoin is the king

Everything crypto doesn't begin with BTC there are few ones that failed before Nakamoto created BTC though I don't know if those coins are centralised or Decentralized but I'm pretty sure that BTC isn't the first

Although there have been attempts at online money before Bitcoin, bitcoin is the first decentralized cryptocurrency to use the blockchain principle, and the first peer-to-peer payment system to completely eliminate double spending problem without the need for a centralized supervisor.

That is, providing that you store your mnemonic safely somewhere. We need to take into consideration that hardware wallets are not infallible to breaking (screen, connectors, skipping mandatory firmware upgrades, others), being the device a handy thing to have, but whereby the related mnemonic also needs to be stored in a safe and secure location.

BTC is more reliable than other crypto coins, you can buy them and store them away in a hardware wallet and decide to look back 10 years later l, you don't have to worry about smart contract getting changed like ERC20 tokens, I lost many coins this way in 2017-2018

Funny this actually brought back old memories of how I lost some funds due to change of smart contract back in 2018. Sometimes I wonder why the teams don't just swap all the tokens for their investors so as to avoid cases of lost due to not been informed. With bitcoin there's nothing like that, coins you bought years back can always be access provided you still have four wallets l backup details.

Early this year I also lost my aave due to not swapping when they changed from lend but luckily binance still had a gateway for swapping so I did just that, sold all though.


Actually it's the best currently in the market, don't focus on the fact it's costing above $40k to buy 1, you don't have to own that much before you can start buying Bitcoin, remember about a year ago it was merely holding up the $20k price value meaning a lot can change in the smallest timeframe.

Hype is why many newbies are investing in crypto, they have no idea which one is the best, I've helped people buy coins before and most of those coins are nonsense projects, for example meme coins lol 🤣 I tried talking them out of it but it just seem they've zero their mind on other coins except meme coins

That's absolutely true. But most of the people joining the crypto community are joining because of the high returns that cryptocurrencies give when compared to other assets.
I have seen completely new people to crypto asking if he should invest in Dogecoin. This shows that people are just getting involved because of the hype around crypto.
This is why we all should make people aware of what they are doing and ask them to rather get started with bitcoin.
Investing in altcoins is their own personal choice but only when they know what crypto is all about and they know what they are doing.

Looking at all the cryptocurrencies it's very obvious that bitcoin is just like their father or the head of all the coins from my perspective, now at the beginning if bitcoin is been affected in the market sphere it's clear that any other will have complications via market, buying BTC you really need to have a double taught because it's the master of all cryptocurrencies irrespective that we have subordinate coins or sub coins such as ethereum litecoin in specie's of alternative coins who are also doing well, as well as bitcoin, so we don't need to justify any decentralized currency provided that is in existence, their is hope in all cryptocurrencies.

I definitely want to answer your question friend, I know bitcoin is the best decentralized project today but what I meant is BTC isn't the best when it comes to insane returns, imagine getting better returns from shitcoins? Meme coins? These can mislead newbies so I was just warning them not to look at that side of returns, the higher the returns the greater the risks

Bitcoin is a product of previous digital money that has been created decades of years before the existence of bitcoin. And as far as I know, it all started from Adam Back's Hashcash to Wei Dai's bmoney up until to Nick Szabo's Bitgold

Satoshi combined combined these founding pieces of technology that results to an innovated cryptographic based currency called bitcoin.

Full details here - https://cacm.acm.org/magazines/2017/12/223058-bitcoins-academic-pedigree/fulltext?mobile=false

You have adviced newbie's to invest in bitcoin and on the other side saying it's not the best coin around the market and on what basis you are making such controversial statement? Which other best alternative are on your mind that are best than bitcoin in any terms whether it's return or security ? There are load of shitcoins available in the market and newbies investors got into hype trap which is true and in hope of earning huge profits in short span add such shitcoins in their portfolio which will devalue their initial investment so it's better to invest in bitcoin.

But for bitcoin investment there are certain factors which makes it best choice of investment which you have not mentioned till and you must tell others like :

1) Bitcoin is the most secured decentralised cryptocurrency available in the market

2) The miners will always be making it secure network even after 2140 when all coins will be mined due to transaction rewards associated with it.

3) It has suffered major crash and dumps and you can look at All time low rather than ATH and you will get complete knowledge that it has grown substantially with over 62000% returns in 12-13 years only.

4) The government and companies are ready to accept bitcoin payments as it is most popular choice and safe mode of payment.

The best and best choice is bitcoin for sure but you need to be patient enough and for peaceful night sleep you don't need to worry about the bearish trends and think about long term but most of them say this and when it happens we see panic selling again.When you analyse the technical working of bitcoin you would come to know how much secured it is and how decentralisation actually works and your get freedom of funds.

Holding Bitcoin is rather safe than Altcoin for newbies might be accurate, however as a human we tend to find a way to seek for bigger profits. For newbies, don't forget to learn and do research before taking any decision. FYI, we can gain profits from both Bitcoin and Altcoin cause we can go ping pong from bitcoin to altcoin and vise versa. All we need to know is when the bitcoin domination happen and when is the Altcoin turn to the bull run. This info can be gained by years of observation (our own analysis) or analysis by experts. I believe bitcoin is a long-time asset so it doesn't matter when is your entry point, it's gonna be profitable in the future.

Can you tell me what crypto coins were before BTC? I wasn't aware of them... I thought that the Bitcoin started it all.

Yes, just like now.

Bitcoin once again steps to $49k and there are altcoins that are also moving with an uptrend. It would always be bitcoin as the best of them all, although some alts are really making it as well but they're not lasting to stay at the top.

That's the point I like in your post. Newbies should enter Bitcoin first rather than invest in any other shit coins. Due to a lack of crypto knowledge newbies thought they could make money from shitcoin soo quickly. But they were unaware of the risk that they could be lost everything in this hype. We know very well about Bitcoin trends, holding Bitcoin will not drive you to loss if you have patience. Somedays Bitcoin would recover the price. But some shitcoin never recover, I have a real experience in my life and this was a costly lesson.

Bitcoin indeed is a good place to start for newbies hence they should take consideration first of learning about it and other coins. As they get more knowledge about crypto, they should decide afterwards then if they are going to focus on investing in bitcoin alone or choose to diversify their investment on different altcoins too. Knowledge is power, as long as they are eager to learn each day, they will have the capability to make the right decisions and to do the best course of action for them to be successful regardless of their short stay in the crypto world.

This couldn't be any more true. In the 2018-2020 bear market, where I solely held BTC, I couldn't give a crap when it dropped to 3k, knowing that it will go back up someday. Now that we're borderline 'somewhat' in a bull market, that I'm back to having altcoin bets to increase my stack, I've been a lot more restless. Bear markets are honestly a lot more relaxing.

It's not that easy, BTC may fall down to 70% off if bear market starts now, I'm also sure that many bad news will come that will eventually lead people into panic mode and there will be massive sell off, the real deal is if this happens will you be strong enough to still hold?