Topic: Bitcoin doesn't have a bright future anymore (Read 784 times)

And expectedly reduce supply too, right? I've listened to several traders tipping Ethereum to be the next big thing in crypto to even the point of overtaking Bitcoin. In one of Teeka Tiwari's videos (he's a crypto influencer on YouTube, in case you're wondering), he talked about Ethereum with so much passion of success waiting to explode and how the supply chain will be cut. He likens what will happen to Ethereum to what hasn't happened before and that would blow anyone off.

To be honest, at some point I personally harbour fear that Bitcoin will lose grip of market control. Come to think of it, Bitcoin has no smart contract that projects can build on. Isn't the major Bitcoin use that of payment which other cryptos too can do?

if eth is maxing out at 0.08 .. then after the "difficulty bomb" detonation in july 2022 it changes to PoS. it will correct down to 0.00004
because PoS is going to go 2000x less than its PoW equivalent

Lol, I don't know where you get this idea, stable coin is not a threat to bitcoin whatsoever. I will not question that there could be individuals who prefer alt coins, no question about that, but saying that stable coins has a dent on bitcoin price is totally wrong. You need to get your facts straight, just saying.

Do not listen to people like that, they either do not know what they are talking about or they are paid to not understand bitcoin and keep trying to push fiat currencies to their population.

After all look at what is happening right now, inflation is up all over the world and even if governments tried to blame supply issues we know this is not true, the inflation is high because they printed a lot of money and now the average person is suffering because of their policies, while bitcoin benefited enormously because of it, as it is impossible to do something like that and inflate the supply of bitcoin.

Ethereum is a really good cryptocurrency, there is no doubt about that. And the fact that it didn’t just come as a currency that is meant for transaction, but came as the blockchain itself and making the currency to power the blockchain is something that makes it unique. Over the years there has been so many other cryptocurrencies that has been released as a way to beat ETH which is the first smart contract blockchain.

But so far, with the way things are going, one can easily say that ETH will continue to emerge on top. If you look at other competitors, they are nowhere near to defeating Ethereum. It is only a matter of time, because withthe next version of Ethereum, we’re about to see it reach another higher level in the market.

Why @op ignore solana, polygon, polkadot, avalanch who have not fully developed yet and still has a lot to offer the crypto community,
Even though eth 2.0 is not coming I don't think any project will still be an eth killer, it seems the gas fees is not a problem for some devs and users, I can understand your argument on btc, it will be hard for small investors especially to make something meaningful, the only way is to invest in good alternatives.

I don't think BTC brings anything to the table any longer other than a store of significant worth, yet that is as yet a wise speculation. There is contrast between ROI for your speculation with Bitcoin and Bitcoin future. We can't go a lot higher on the grounds that this will stun the market, on the off chance that you don't like bitcoin then presumably you should sell your bitcoin and trade it for Ethereum.

Some people don't appreciate how Bitcoin does to them while they give it to others, I haven't wondered why OP talks like that.
Anyway, they are just a few of them while many of us had made the right choice. They'll say there is no bright future from Bitcoin but not knowing it is most likely those coins that they have choosen. In fact, with the existence of Bitcoin for more than a decade and seeing upon its performance, that was clear enough to see that Bitcoin does great over the others and still remains to dominate the market.

It's like a safe haven if someone's going to enter the crypto market without any knowledge. These investors have to come to that point that they should know what bitcoin is and they'll also say to the newbies that it's the best crypto, to begin with even if they have zero knowledge about the market.
Like from the people in the past who has no idea of what they're doing and yet they've bought and held bitcoin for a long time, they're now wealthy through that wise decision.

Actually the performance of ethereum is very dependent on bitcoin, if you say bitcoin does not have a bright future, maybe other coins will have the same fate as bitcoin, but why do you just say bitcoin does not have a bright future, when you have it. your own reason that the future of bitcoin is not bright, but at least bitcoin has accompanied me for more than 11 years, it all started with bitcoin, if there is no bitcoin most likely other coins will never appear..

More stable in terms of risk but not in price. The volatility is still so fresh for bitcoin but still it has proven to be a safe haven for many.
The best strategy to invest in bitcoin is to buy and forget about it for some years. It has outperformed many other assets both physical and digital.
Criticism towards bitcoin can never stop and there will always be people think less about bitcoin and regretting at a later point of time of how they missed the chance.

Bitcoin still has some fire left in it, there are speculation of a $1M price on years coming and we are not even closed to that. Bitcoin would be achieving $100k when the bull cycle resumes and if that is achieve that means we have about 10X more to get the $1M price. Do not be deceived  Bitcoin leads altcoins follows.
Bitcoin still has 2x,3x and more x returns to giave Investors. If you are holding you'll receive all this return of investment so keep holding.

The original purpose of Bitcoin is for personal banking: Be your own bank. It is meant for people to have personal access to their money without the third party like the banks. Meanwhile as people started using Bitcoin, the value appreciates, hence, people now started looking at it as a means of making money as the value now grows over time.
Bitcoin is designed to be decentralized. Many crypto to fiat exchanges in the early years of crypto have Bitcoin as the main exchange into crypto, then, later Ethereum and others joined. Bitcoin have gained ground over the years, and will remain the backbone of crypto for many years to come. Bitcoin still have a great future. 

EtH and BNB are also other most trusted cryptocurrencies besides Bitcoin. They have high potential and so far, we have seen their development that is very awesome, with their use cases of course.
But, it will also be back again to each person, some may feel that those altcoins are not really worth it because they have some doubts or even loss in the past.

Aside from that, the words of this may not be seen from one side only.
It is not only about how many times of multiply a coin will be increased will determine the price and value of the coin itself. We can see with small multiple times of the coins, but they are highly increasing. The major thing is about value and Bitcoin is still the most valuable cryptocurrency, worthiest to hold for the short or long term.

It's reasonable increase but then it's worth noting that altcoins especially those new ones will mostly outperform bitcoin in the short - mid term. Even if Bitcoin reaches gold's marketcap which is a lot (price should be above $400K),altcoins would still lead the way in terms of gains. Anyway, my point is that for anyone looking for short term gains, best bet is altcoins and for long term (invest and hodl) kinda approach, Bitcoin is the best option.

Because of the common reasons like, they haven't bought the dip. They miss the run, they have sold it for an altcoin that goes negatively.

True, there's more safety if you're wanting an asset to grow in the long term. Investing in bitcoin needs patience and maybe these people have lost that and eventually have to sell their bitcoin for some reasons. And for the altcoins, it's true that they can give more profit depending on the development of it. But being wise and with proof, bitcoin is also doing the same but unlike with those alts, it's more stable.

I still wonder why people think bitcoin doesn't have a bright future and can't generate enough profits.
Not even 20% of the world population is into bitcoin yet and we can only imagine the price if bitcoin reaches that threshold.
Although altcoins have a brighter chances of giving bigger returns bitcoin still provides a safer chance of getting decent returns.

i know you don't really like bitcoin but the three altcoins you mentioned are still not worth it if we compare them with bitcoin.  the profit you make with Bitcoin does look small when compared to eth but in terms of usability, Bitcoin is far dominant.  the three altcoins you mentioned, at any time, can be subject to sanctions from the government but Bitcoin will not, there are no Altcoins that are able to offset Bitcoin.

In my opinion, bitcoin is just beginning to discover its potential. And all the charm of the possibilities of bitcoin is still ahead of us when the price is more than 100,000 thousand dollars. And also all current coins will also grow in price. We just have to wait and watch in order to profit from the sale of our crypto coins.

The future of other coins is determined by the future of bitcoin. If there is a problem with bitcoin there will be problem with other coins. We cannot because we don't see x2 or x3 in bitcoin again and say that it does not have future. Remember that bitcoin will become scarce as the year come and people will keep demanding for it.

Yeah but some people who are pros with altcoins and they can't accept the fact if bitcoin is still ruling everything and it seems like the new dump is happening with bitcoin. Ethereum fans sometime was blaming if bitcoin has no potential but they didn't even remember if ethereum was also growing from nothing to something caused by bitcoin. Calling bitcoin doesn't have a bright future is a non sense thing. Even there was a news if warren buffet indirectly investing into the bitcoin and this proves bitcoin is still reliable to be used as investment. The chance for bitcoin to growth into the trillions marketcap will always there. People don't understand about that and they keep think bitcoin is overrated.

Bitcoin arguably is the most decentralized currency. It has a limited supply and is a brand of its own. Even though it may or may not have utility in the future, it would always be a rare collectible for every crypto enthusiasts. It's low supply and high price would make it a premium coin which gets harder and harder to get each year. The charm might not be the same, but it would be the coin that shines in the history book.
I'm more doubtful about the future of Ethereum than  bitcoin.

Well, I have to see what is your basis then.
Honestly, what you have said is just pure speculation. Will if you can see the journey of Bitcoin and its price improvement, you can really see that it was growing which I believe that you are wrong with your presumptions.

Don't fall into the wrong beliefs, Bitcoin is growing and really sustainable. May the altcoins are not but those leading coins are going to stay and will grow together with Bitcoin.

I thought, that's not true. Bitcoin remains the best. Bitcoin still benefits and can guarantee the future.

Eth is definitely a good coin, I don't know about Terra Luna and Bnb, if you believe in them to give you good return on investment, then fine, of course you're free to Invest in any project of your choice cause your bear the risk, profit or loss. But having said that, your opinion about Bitcoin is wrong, Bitcoin is the best possible coin one can invest in especially for the long term, it's better to choose Bitcoin and hodl on to it, than to choose a pump and dump coin that will dump and prolly not rise again, but well, everyone is free to make their own choice of investment notwithstanding people's opinion.

this seems to be a post from a super frustrated guy who was so frustrated he became blind and is not seeing the market correctly, of course I'm not an expert but even someone like me can see that bitcoin is much better than ETH and much better than all that what OP is talking about, OP good luck investing your money in these things you wrote and don't come complaining here when you lose money

Metaverse has a well polished future but that doesn't mean Bitcoin has reached its threshold. What do think will happen when bitcoin gets more adoption, what do you think will happen if the market cap increases. Bitcoin still has a very long way ahead but it's always wiser to diversify and NFTs  and Metaverse are nice options to pick from

Because it was the well known crypto that's why many people look at it as a basis on how the market moves and certain people mindset influence others that's why we see a huge decline of altcoin market once bitcoin dumps. On side note I don't think ethereum would really surpass BTC since as you said it is also relying on how things go with Bitcoin and when bitcoin collapsed the top 2,3 and so on never jump over on btc so far.

There is sure going to be increase in the price of Bitcoin, we are going to see another all time high price soon. It has become the normal thing that happens after there is a halving in the market supply. So the next halving will probably be leading us to another all time high price. As for ETH, and binance coin, they are both really good cryptocurrencies which I would also recommend for anyone who wants to invest in any alternative than Bitcoin.

Binance is one of the top exchanges that we have in the market, if not the number one exchange. So, there is no doubt that the coin it owns will also continue to grow in value as the platform continues to grow. So, investing in the binance coin is a good choice to make. That is also the same thing with ethereum, it doesn’t need any explanation at all as a lot of people already know about it and it is the number one altcoin that we have in the market.

I often here about this Solana when it comes to investment questions by the newbies. Was the coin really hyped that bad to be recognized a lot along with these trends like metaverse and NFTs?
Obviously 99% of the altcoins in the market will just disappear into thin air one day, as most of them are particularly copy-pasted coin from another similar project. I can imagine having another snapshot of CMC this year and another decade forward and it will be all hella different.

Thread creator is forgetting that if bitcoin does not have a bright futures, none of the coins pointed out will have their gains. The only reason this coins raise in price is because Bitcoin raises then people look to make gains else where then pump the price of this project when many should not be worth what they are currently worth. What is built on Binance Smartchain for it to be worth $430 or what is built on others?.
Ethereum is the only project that can boldly say it has contributed to the growth of the market for it to be worth what it is currently trading out, the rest are just hyped especially what is happening with Solana.

Basic math... we can play with that you know! Bitcoin at $1 million, it's x25 from now! Or you can take Ripple for another example and imagine it's going to be $100 (which is pretty impossible or not?!) and it's over x100... and you can add more examples, but the main question is do you believe that Bitcoin will hit $1 million before ripple hits $100?! So in the end, like always, every investment has its risks and possible gains... it's why we have odds and chances! Please don't get me wrong, I am not arguing you here, I belive there are some coins that can make x1000 or more in the future, but they are riskier than investing in Bitcoin and waiting for some safe return!

Well it's pretty basic math that there is not much room anymore for BTC to do another x5 or even a x10 from here on as the early investors already made a x1000 or even way more. The same is also true for ETH though maybe not to the same extent but still the early investors of ETH also already made a x1000. What is also a factor that speaks for BTC is the fact that for most people that are not so much into crypto it is still true that cryptocurrencies = bitcoin because that is the only crypto project that they know so if such people enter the crypto space they are mostly investing into Bitcoin first and maybe later they invest into other projects too.

True, I think we've heard that a number of times when the market was in a bad state, even when crypto experienced a pretty drastic decline in 2018, many people said that it was the end of crypto developments in the world, but in fact it's actually slowly and surely crypto is coming back and even starting to be accepted as one of the investment assets that is quite promising in achieving profits, investing in crypto of course we must have faith and also in-depth knowledge about crypto, and not because interested in seeing other people who are successful from investing in crypto because I think people's fates are different.

I think he lives in the rock where Patrick lives . Bitcoin has a brighter future than his because he does not have a knowledge in the latest technology (blockchain and bitcoin are among it) but peace bro, that is only a joke and please do not take that seriously because I know you are just trolling us and the reason why your doing that could be your trying to spread FUD or your trying to scare someone but it does not affect us because we are a strong supporter of bitcoin and cryptos but for a weak person that might affect them. Dont worry he can still find friends here in bitointalk because not all here are good people but there are also people that are like him .

I just everyone has it's own opinion, but basically it doesn't make sense to really say that bitcoin doesn't have a bright future just because of the price drop.

But if you are going to look back, there are cycles in the market, and during the bull run, that is where we take huge profits specially if we've been holding bitcoin for so long. But with the current conditions, of course our portfolio doesn't look good. But we should continue to accumulate and save a lot of bitcoin for the future as it shows that bitcoin is still profitable as compare to other assets.

This is usually from investors who lose because the value of bitcoin drops, if later bitcoin returns to $60k then he will say "bitcoin is very profitable", as investors of course we already understand all the risks, this is what makes me never too excited to buy cryptocurrencies but only buy from the remaining money in the pocket.

This is not relevant anymore. Calling litecoin as a silver is a non sense thing for sure. there was a better coin to be called as silver rather than litecoin. this is why this not relevant. litecoin is just the same like any other altcoin and it doens't even have utility usage. I doubt that to call this as a silver.


Litecoin would not be considered as the closest rival for bitcoin but ethereum would. It's caused by litecoin already degrade and i see that people are actively jumping into the new project rather than use litecoin. this is not also store of value like bitcoin.

Bitcoin will remain as the number one currecny and there is no way any other altcoin flip the bitcoin on coinmarketcap. Ethereum may have this potential but it will not be possible because there are many investors who  solely wants to invest in bitcoins. Only bitcoin has a true limited supply and 100% decentralzied. If you clsoely examine bitcoins with other altcoins, who will feel the difference and if crypto market gets more adopted, bitcoin will be a major part of it.

So that's it. It's because of the "get rich fast" goal. What you said in the opening thread might be correct. Bitcoin is not for you.
Go Metaverse, NFT or try meme coins, maybe out there you will find what you are looking for. If you look at history of Bitcoin it was never meant to be a rush profit investment.
If you had come earlier then you could've joined the ICO hype and there you might had the chance to achieve that goal of yours. I doubt about BNB making a big movement in value when Ethereum goes back to normal.

I’ve read that in comparison to precious metals, Bitcoin is gold & LiteCoin is silver.  Would LiteCoin not be considered Bitcoin’s closest rival?

If I have an investment opportunity that will give me a guaranteed return of 2-3x in the next 4 years, I won't say that it doesn't have a bright future rather I will put as much as I afford into it. To be candid, BTC is the most secured crypto asset one can have because it doesn't have any rival.
Meanwhile ETH and BNB can easily become obsolete tomorrow with the development of a new and more effective alternative.

It's caused by bitcoin has larger marketcap compared with ethereum and this is the reason why ethereum has more room to growth than bitcoin. IF you hate bitcoin but you must not forget about the fact if bitcoin is controlling the market. This time bitcoin domination is so big and this can be seen from the latest dump that happened with crypto market. What about when bitcoin gets dumped so hard again? it may make ethereum jump again to the another low and i think that will make you feel frustated with what you are saying above. Bitcoin does have a bright future caused by it's not yet touched 4 trillions marketcap. 

That's the reality that should sink in to anyone that it's no longer worth it to have bitcoin and it doesn't have any good future. The actuality is that many of the altcoins doesn't have the good future. It's because that they're becoming a market for the same projects and advocates of what they're proposing.
If it's the relation to the market, they dump whenever bitcoin dump. Sometimes they go against and counter that dump but it won't be staying for that long.

Bitcoin doesn't have a bright future anymore? What cave have you been hiding in? On which planet?

Bitcoin very much has a very bright future. Look at the volume of the market cap. Look at the adoption. Did you not see an entire country adopt Bitcoin and make it legal tender?
If anything, you are not going to make many friends on BITCOINtalk with such an attitude. 

As long as Bitcoin is the number 1 cryptocurrency, it will be a very safe bet as a future money.

I highly recommend looking into crypto a bit more. You have much to learn.

Maybe this is true but keep in mind the 3x increase in btc is worth a lot more than the 5x increase in ETH if it is dollarized.
But it is true that investing in eth is safer because there is less risk of sharp price declines compared to btc.

Solana is a good ETH alternative, don't get it twisted because of its hacked history there are few projects that got hacked and still grow better in future, there are many mistakes to be made in this space, even binance exchange (best exchange) got hacked at one point, don't judge a project because of hack.

Good luck with those bought altcoins, they're good and part of the top altcoins. As for the mirror of bitcoin and stocks, many will really notice the connection between these two.
Well, you said that it's just a mirror so there's really no debate about telling that as notices for having a relationship. People would really find it not encouraging anymore if it's no longer worthy to them but for me, I'll always hold and believe in bitcoin.

1. What are you saying? Tera Luna isn't a stable coin they have a stable coin named UST please do good research first.

2. ETH competitors have their own special utilities mate some projects and developers will still prefer the competitors of ETH and that doesn't mean ETH is going to die.

3. Cardano is hard to develop on? Do you mind sharing more details on this claim? I'm sure you aren't a developer only them should have the right answer to this claim of yours.

4. The easiest chain to develop on is also the perfect place for scammers to do their thing, many scam projects are now running on BSC chain over ETH simply because of its simplicity.

As for your BTC claims I believe you are wrong, 2x is not a small gain unless you invested only few dollars, 1BTC in 2021 is 67,000$ and assuming in 2025 1BTC costs 120,000$ that's incredible gain mate.

Well, it's your personal opinion and you are entitled to it anyway.
Bitcoin still has a very bright future. 2x-3x for Bitcoin is still a very good investment, depending on the size your investment. For BNB and ETH, they still have a very big future ahead of them.

My main grievance with all crypto is how it mirrors the stock market.  At least with Bitcoin you know it will recover similar to the stock market.  The pump & dump altcoins aren’t as attractive for me for long term investment.  I have however bought a small amount of the bigger names ETH, ADA & SOL

You said that the good coins are ethereum, terra, bnb, luna, and said that bitcoin doesn't have a bright future anymore. however, you forgot one thing that the coin you mentioned, which you think has a bright future always follows the trend of bitcoin. for example, when the price of bitcoin goes down, most of the altcoins will go down, especially ethereum, and BNB, or even the coin you mentioned. in the matter of function, maybe you see that the mentioned coin has more benefits. however, this has happened a long time ago. well, i still think that bitcoin is the opening for success for other altcoins. however, sometimes a high price hike usually starts with a bitcoin price pump.

In terms of percentage price increasement it can be true, but in order to make altcoins gain more value, bitcoin still has to rise a lot more yet, because it is the main cryptocurrency among all, which drives market's prices. Without bitcoin, all the other currencies mentioned won't skyrocket. So I prefer the safe bet, that is bitcoin.
Doesn't matter if bitcoin grow only 3x or 4x in price, it's still a lot and it's still the safest and most trusted cryptocurrency, so why to seek for unnecessary risk with any currency else?

Bitcoin still has a bright future, even if the price now seems hard to back to $50k and only shows a downtrend. Maybe they only see if bitcoin can not increase or go back to $69k but if they dig deeper from the history, they will see that bitcoin is the strongest coin than the altcoin. The altcoin itself just follow where bitcoin moves and it happens many times.

Altcoin indeed can be a multiplier to make more bitcoin which means, if we succeed with that, we will have more bitcoin and just wait until the bitcoin price increases back. Choosing ETH, Tera, Luna and BNB are good for your investment but you should understand that the other coins will also have the same opportunity to be the other good coins. We just do not know which altcoin can be the next one that can increase.

yup! agree.
indeed the newly launched coin will make our pockets full, but the risk will also make our pockets empty in an instant. Unlike bitcoin, everything leads to its movement. if btc goes to the moon then other altcoins will follow it and vice versa.

as you said, "BTC's dominance is undeniable".
bitcoin will definitely still have a bright future and it will make other altcoins have a bright future too. and the altcoin that shines the most when btc is bright is eth.

I think with that much spread, i mean if altcoin can get multiplier more than BTC, how about risk?  because in investment we should know and compare risk of each coin and then pick which one we want to buy. I mean i am people who better to be safer, it is yes altcoin will give multiplier more than BTC give, but risk behind it is big too. They can dumped more than bitcoin can.

It all depends on how distant the future we are talking about. If we are talking about a few years perspective, altcoins have no chance of catching up with the popularity of Bitcoin. However, if we are talking about a period of dozen or much more years, the situation will definitely change. It will be just like with cars. They're still on four wheels, but technology is always moving forward. It will be the same with cryptocurrencies and Bitcoin will sooner or later be outdated in the technological race.

Too short to think about this. Bitcoin is the most valuable cryptocurrency If Bitcoin will not have any bright future again in future, I believe that altcoins will be worse.
I also love altcoins, I mean some altcoins that actually have very potential. But I love Bitcoin more. Bitcoin has proven what it can do. We know the journey of this first crypto so far. Not easy, many cons and also negative news about this. But, the trust in Bitcoin is always higher and higher.
We know that the mass adoption of Bitcoin is also growing very well, better than in previous times.
So, don't only judge by one side.

Because no one called a truly decentralized currency only Bitcoin.
People that didn't understand what is the technology behind Bitcoin will be criticizing them but in fact, those new projects never beat Bitcoin's importance.
There's a lot of advantage on Bitcoin compared to altcoins so only no future people will say Bitcoin doesn't have a bright future.

As you can see, all prices of altcoins were a matter of Bitcoin's price, so how come there's no bright future.

Quite radical and bold views. On the one hand, I can agree and admit that Bitcoin is technologically a bit delayed compared to newer projects on the cryptocurrency market. However, there is no doubt that the advantage of Bitcoin in terms of adoption and, of course, popularity is huge. For at least a few more years, altcoins will be staying on shadow of Bitcoin.

Are you drunk or what? Bitcoin is still having a chance to grow even more. Gold digital must have the same marketcap like the real gold which was about 8 trillion. It means bitcoin needs to go up to the 8x from the current price. Just because you're pro with ethereum and then you said that there are no competitors to the ethereum. I think that you must also see the reality again. Ethereum can do nothing when the bearish trend happened with bitcoin. that proves that bitcoin is the king. whatever you said that bitcoin is still the king and no doubt.
King of crypto is bitcoin and ethereum can't leave from bitcoin domination. 

Then if you think bitcoin has the potential to do that then why did you created a thread with such a title? The future of bitcoin is as bright as it can be, can you earn as much money as the early adopters did? Of course not, but you are not taking the risks they did.

Back then no one was sure if something like bitcoin had any chance at all to reach the levels of adoption we are seeing, people speculated this was a possibility and obviously they believed so and invested in it, but there have been in the past many great inventions that were never adopted and were eventually lost, so no one really know if this would happen, so while the profits are smaller the risk is smaller too, and that is invaluable for those looking to invest and hold their bitcoin for long periods of time.

Who says who?
Isn't it impressive when bitcoin reached $69k for its peak when the last ATH of it a few years ago was just $20k? It's not about how many times it had moved up.
But if you recognize that the price of it is quite high then moving up higher is what many are worrying about. But, last year, bitcoin just broke that worry.

Everything about Bitcoin's future is still unknown. We are not really sure what gonna happen years from now but despite this thing, we think that we can make a better future from here, by investing in Bitcoin. Actually, this had boost the life of Bitcoin. And as long as we trusted and continue investing in Bitcoin, that certainly brings more life into it.
Those who hate Bitcoin will certainly think negatively and never heard from them saying that it has a brighter future, it is definitely the opposite of this.

Since we are experiencing the bull season, it is quite normal for BTC to think like this. Currently, BTC has shown a nice rise. After the 2017 bull, 1 BTC fell as low as $2.8k. But in the immediate bull, it saw $60 k levels. It is obvious that for every rise there will be a fall. When those declines start again, I think you should reconsider this topic you opened. Because there are many rhetoric such as BTC is sinking no more, it does not make money. But behind these statements, people are always wrong.

I was able to earn big the last time I invest with bitcoin since I bought during the dump price and sell recently, I guess perfect timing can bring you more profit especially with Bitcoin. There’s a lot of alternatives but still many wants to have Bitcoin on their wallet because this has been the basis of the market trend and altcoins still follow the trend of Bitcoin so for me, this is still the future.

No you have shared incorrect details as i remember Bitcoin dropped to around $3200 in the month of December 2018 and the new ATH which we had 3 months ago is around $69k which is an increase of 23X compared to last four years all time low value. Regardless of altcoins Bitcoin remains first preference when it comes to crypto investment as its safe and does retains its value even after massive dump like we witnessed in last 4 years. Ethereum is indeed a good invetsment choice as it is yet to reach its full potential.

That's probably OP's point, and I've also said it myself in the past too. I'm guessing that the moment of this thread is that it's deterring the average investor from entering the scene, because gains are pretty much limited. Supposing someone that bought 0.20 BTC, at $50.000 ($10.000 in value), selling at $60.000 would result in a profit of $2.000, which isn't bad, but there might be better choices in terms of ROI, such as Ethereum. On the other hand, I would have peace of mind with Bitcoin, which I always thought it was the safest option.

ok some things to explain
at the most efficient mining GPU it costs $340 electric and $1743 hardware(2 year ROI) to mine 1 ethereum
($2083 baseline value/cost) meaning some lucky miners are making 41% profit right now

with the impending ethereum 'difficulty bomb' set for june 2022. ethereum can go 2 ways

---

a) people continue mining ethereum1.0(PoW) but using antminer e9 asics which are 32x hashrate of a typical GPU but at a combined 2x power consumption of said 32 GPU's(=16x power efficiency)
however there are just not going to be enough E9 asics to replace the inefficiency of GPU mining, certainly not intime enough to keep the eth1.0 maintaining blocks in june.
eth1.0 uses atleast ~9m GPU right now and there would need to be ~285,000 asics just to meet the GPU rate. where cost =2x
and then after 6 months(christmas) of bomb activation(june), there would need to be nearly 500x that
sorry but there just is not going to be enough asics (142million asics) to achieve keeping eth1.0 maintaining blocks by christmas
.. i must just add.. eth1.0 uses 9mGPU at the moment at a 14TWH/y electric consumption.
increasing that by 1000x(2x*500x) is just not even achievable in a 6 month period even on an electric availability scale
EG bitcoin is only 3.35x of eth1 electric consumption right now and would become 300x bitcoins power consumption by christmas

(ethereum users utopian dream is eth1, price per base value eth would 1000x to compensate. but that then means everything price related like gas also 1000x, no one wants to pay $2m minimum for 1 eth and 1000x($5k) fee(current gas price $5) )

in short.. it just isnt going to happen. and that is kind of the point of the 'difficulty bomb' to make eth1 dead/useless/too costly to maintain, and to expensive to use

---

b) people switch to treating an ethereum fork(2.0) as the 'default' ethereum. but thats PoS

with PoS there is no big cost of mining. yea things are 'staked' but it loses them NOTHING(special hardware/excessive electric) for making a good block, following the rules.
yea some may say instead of it costing $2k of PoW mining costs at the moment,
in a fair world where each staker had the same amount of coin staked so each had equal oppertunity. the best case cost
each person would get 1block(2.2eth) ONCE every 54,000 blocks if there were 54,000 'stakers'

271 blocks an hour=~200 hours for each person to get a block of 2.2eth
their electric cost of 100w an hour normal pc. at 0.12/kwh(us residential electric price)= 0.012/h= $2.40 pc use for staking for 200 hours for 2.2eth. meaning $1.09 per eth

obviously PoS is cheaper to mine than PoW by a factor of 2000x
but here is the thing.
if people could mine a coin for $1.09.. why would they buy a coin for ~$3000
most would mine for $1.09 arbitrary cost of just having a pc on watching, and sell for $1.50 for a $40% profit
no one would want to continue buying eth for $3000.

so expect a LARGE price correction down to $1.50 per eth if 7% of the network staked or $21.50 if everyone on the network staked

If this doesn't have bright future, surely this technology would've been defeated by the centralized system long ago. The technology is very young compared to the centralized system. In short time period what it has achieved in terms of adoption and growth is really big. As a result this has been making a big change in the world. Countries were facing hard inflation out of the traditional fiat, some have used cryptocurrency as a tool to get out of inflation. Maybe after years we can see more countries doing the same seeing the success rates of the countries that have adopted bitcoin.

Those altcoins mentioned were also potential ones, but with that it isn't a possible to defeat bitcoin. Even some other countries can adopt ethereum or other cryptocurrency, anything could happen. Only time can give the answer.

Many people do not like the existence of bitcoin and other cryptocurency. I wouldn't be surprised to hear the statements of those who disagree tend to give an ugly look at crypto. Maybe some do not like it may also be partly a business strategy to make a profit. As long as the consensus remains in the hands of the community, the future of bitcoin will be better and I believe that. Crypto is the future and all this is predicted, there may be new technology but maybe Bitcoin for a period of 20-30 years will still continue to be used. 

What op's referring to is probably that the multiplier is decreasing. In 2017, Bitcoin went from $4k to $20k during the bull run, which is a 5x increase. But the most recent bull run didn't sent the price to $100k. And, needless to say, the multiplier was way bigger in the early days. This is all true, but it doesn't mean that Bitcoin doesn't have a future (a 2x profit is still good profit, and Bitcoin's future is also not necessarily only in being an investment). I agree Ethereum's a good coin, but its days of glorious multipliers are also behind, and I don't think it's too different from Bitcoin in this regard. As for less popular coins, it's always a huge risk to buy them and hope they'll rise.

I can't say I'm overly concerned if Bitcoin isn't the go-to choice for everyone who thinks crypto is some sort of get-rich-quick scheme. 

It isn't. 

And even if it was, you're all weak hands anyway.     

^
Thats it, as posted previously Bitcoin has no competitor, EVERY other $hitcoin has
numerous competitors with almost every supporter willing to jump ship to anything
which promises fast returns.

I dont trouble myself with anything other than Bitcoin.


Thats massively under estimated

Everyone just like you had their different opinions about BTC, ETH or any other cryptocurrency and we respect that. But don’t expect that your statement alone can change the mindset of everyone here in this forum.

The truth is that we don’t know what would the price of Bitcoin will be tomorrow, next week, month, year or so. It’s unpredictable. Anything could happen in an instant without warning, whether going up or down. The price of BTC was heavily influenced by the media whether if it’s bullish or bearish.

Same thing goes to the other altcoins. There’s no guarantee if they will achieve 2x, 5x, 10x, etc. Take note that cryptocurrencies has no astronomical guaranteed returns. 

There is enough crap in the world at this moment. No need for more negativity. I'm positive regarding BTC and I think it will have a bright future. Keep HODLing and let's go to the Moon! We only need patience and a positive mindset.

No one can predict with certainty the potential that each crypto will receive, especially if it has been determined 5x and so on.  The huge profit potential from BTC is indeed not the same when compared to newly launched coins, but the risks involved are definitely much greater in crypto than BTC.  The dominance of BTC is undeniable, whatever movement in the market refers to the movement of BTC, even if ETH is the second largest domination of the market, it cannot be balanced with ETH.

How could you be so sure that ETH has the potential of doing another 5X? ETH went quite high during the last pump also. If you think BTC has reached its potential, then ETH also did. It makes sense to invest in the small caps if you are after big gains but there are lots of them and choosing one is like throwing a dice. You mentioned BNB which is the 4th biggest coin. You think it can do another 5X?

You also need to do the math though, 2x or 3x is still a big amount, it's compounding so the multiplier gets small. We can't go much higher because this is going to shock the market, if you don't like bitcoin then probably you should sell your bitcoin and exchange it for Ethereum. Just don't regret it when bitcoin starts pumping again.

How can you predict all of these? Are you Nostradamus? But, sorry to disagree on all of your points.
First off it is not the end for btc but it is only the beginning because the bears have finally subsided.
Next eth, this can be start of the fall of eth since we know that there is no more eth 2.0, there is no way for the fees to return to normal.

Why would not you bet on metaverse if you think they are good? Do you believe that too good to be true means scam? And I thought no need for eth competitors but why would you like bnb when its also an eth competitor? About tera and luna, I think I can agree to that, that its a good project because I can also see it.

Comparing bnb with Bitcoin is just like comparing apple with oranges. BnB is centralized coin that can never compete with decentalized coins like btc, eth etc. 4 years is quite a time, if you invest in btc then you can get good return in year or two as evident from btc historic price chart. Between price of all coins be it eth or bnb are linked with btc. If btc goes up, everything goes up and vice versa.

Of course, and why should we believe you? Maybe you are an investor with exceptional results to back up your argument, if so, show us proof, but I doubt it.

I found the post interesting, not so much for what you say as for the answers, and I am surprised that no merit was given to the answers. I would have given some but I'm out at the moment.

It is clear to me that what you say was also thought by many in the past: those who bought at $1 and sold at $10 or bought at $10 and sold at $100, to give examples using round numbers.


Good way to sum it up.


For these and other reasons I still believe that Bitcoin has a brigth future, and I hope that the analogy between Internet adoption and Bitcoin adoption, which I have heard before, ends up being true, because it means that for Bitcoin holders, the best is yet to come.

No one forces you to favor nor buy Bitcoin than those you mentioned but what I am seeing ? is that you are just shilling for those coins that stays in your folio and not the truth about Bitcoin.
Yes maybe Binance and Eth is a good choice but the safest? I'm afraid you can find any coins safer than Bitcoin.

so Lets just stay in our investments and lets see what will come in the next 4 years.

Bitcoin is the safest investment. Keep in mind that the value can go up or down. So when you talk about how easy it is to get rich off an altcoin, it's usually the other way around. Investing in bitcoin is much better.

Good one. Four years from now we will have another halvening meaning less BTC will be created while demand will go up. You can figure out for yourself what will that do to the price. I made a same mistake as you back in 2013/2014 when I thought that I am too late for BTC and we can see where are we now.



Thing is, I am not so sure that we will see ETH 2.0 any time soon.



You can see in the image below everything that you have to know about BNB safety.





Good luck with that once we hit bear market. Obviously you haven't learned anything from 2018.

You can not say about Bitcoin like this if you are aware that it has been changing the world.

An evolution which reshapes the finance world should be recognized with higher position and importance. There is difference between ROI for your investment with Bitcoin and Bitcoin future.

Get back to the future of Bitcoin, it is still bright about its adoption as well as price growth

• Adoption: it's the best ever in history. Much better than the Internet
• Price: Let's see its future supply which has less than 10% compares to total supply from now till 2140. Together with its small future supply in next 120 years, and its fast ever growth rate/ adoption rate. What do you think?

And just to add to that, ETH, Terra, BNB and Luna and the rest of the altcoins is still dependent on the price of bitcoin. So it bitcoin goes down, and so is the majority of the altcoin market. So what the OP said just contradicts everything.

And for the record, if you are talking about supply, those altcoin has literally more than bitcoin. So bitcoin is going to be in demand in the future.

Just wait for the next bull run and we might see bitcoin going more than $100k.

Lol, good luck as well to your altcoins portfolio. Just to explain though, the market works in cycle, we have the bulls wherein bitcoin and other altcoins like the one you mentioned are going to reach a new all time high. And after that, a bearish trend, so what you are seeing is a bearish cycle, what you gonna say when bitcoin hit's 5 digit in the next bull run? still doesn't have a good future?

Those numbers you presented are actually a case for a bright future. Unrealistic gains are not the purpose of all of this, and technological innovation is constantly coming from crypto camps, so if BTC does stagnate a bit, that's not a problem because there are a lot more interesting options in the crypto-verse. I don't think BTC has anything to offer anymore besides a store of value, but that's still a good investment. And there is room for everyone to coexist, with its own set of values, fans and uses.

Well, it certainly seems like you are predicting where the market will be in the coming years  This is wide-guessing to me because Bitcoin could go higher than what you think.

I don't think it has always been about getting rich fast or quick and it has been a notion that some especially the newbies think of investing in cryptocurrencies even though some have been lucky with their investment but not aught to be the focus.

I believe Bitcoin has been and will always be a better investment when it comes to crypto and the rest will play catch up.

Well you just got to see how bad the future could be but I don't think BTC will be that bad in the future, you just have to look at which of the blockchain today is really decentralized compared to BTC.  Over a decade, its already worth $42K, that's something that ETH or any other altcoin can't achieve in a decade. The supply of ETH could tank but BTC supply will just be 21M. There is no other else that will rise on BTC but the marketcap and the price.

There are thousands of coins in the market, which are better than bitcoin in terms of speed, convenience, scale up possibility, smart contracting etc. They are already available and not a myth. But did that bring bitcoin down? Nope! Bitcoin is the pioneer of the crypto market and this entire billion trillion dollar game we are seeing, all started with Bitcoin. So no matter how slow and expensive bitcoin is, or how technically backward it is, there's no way bitcoin will go down.

In my language it is called - Baap Baap hota hain!

Don't you think we all invest in other coins? Yes we do! But the major portion of my portfolio, is still bitcoin! It's like a backbone of the crypto market. If it goes down, the market goes down!

Nobody gives a flying f*** about your opinions.
If you like ethereum and shitcoins that much,then just buy ETH and shitcoins and expect their prices to go x100.Good luck with this.There's no need to shit over Bitcoin,when you praise altcoins.
The ethereum price will never increase 5 times.You just made me laugh.This is totally delusional.
Even 50% price increase would be too much for ethereum.
There are some cool DeFi/altcoin projects here and there,but I'm always skeptical and I would never buy coins/tokens,that are issued by a brand new project.
I think that this forum post should be moved into the Altcoin discussion forum,since OP is praising all the altcoins.

I don't think Ethereum will have a bright future if bitcoin doesn't hit another ATH. Bitcoin has a cheaper network fee compared to Ethereum. On the other flip, Ethereum utilizes blockchain technology for transactions, yet they have a high gas fee. Moreover, Ethereum's performance depends on Bitcoin.

Nobody is asking you not to invest on altcoins which are centralized, I do not find it difficult to know when El Salvador only accepts Bitcoin as a legal tender and why Russia only wants to accept bitcoin as a currency, Bitcoin is decentralized which make it superior.

That is wrong, we have not known the lowest price bitcoin will dropped to, also we are expecting six digits after next halving. Do not just make conclusion about what you do not know how it is going to happen.

As the price and marketcap goes higher, potential profit drops. But at the same time the investment risk drops as well.

Bitcoin doesn't have any competitors — while Ethereum has Solana, Avalanche, Cosmos, Near, etc closely behind; with them pretty much at war with each other. And to add to that, Ethereum is supposedly going to move to PoS this year(assuming no delays), hence posing a significant risk.

It's still the best in terms of risk:reward ratio.

It will do more but you wont get rich fast from it anymore.

eth is the safest bet to get rich with medium speed

2x-3x is pretty much just $1.6 trillion - $2.4 trillion in marketcap. Do you really think that's the highest that bitcoin can go lol? Even gold alone is like $10 trillion in marketcap.

All the gains with btc were made already if we are looking for 4 years from now is only 2-3x .


ETH I could see 5X in the next 4 years it has lower marketcap and better roi.



I wouldn't bet on metaverse coin yet because all the project look superb. look at sandbox, decentraland is not look like they have bright future too.


Terra luna is intersting decentralized stable coin and this cool project.


eth competitors will faid away when eth 2.0 is arrived. i don't see why anyone would build in solona . recently they just got hacked.


Cardano is hard to develop on there are no need for eth competitors.


I like bnb though i think it has good future its the easiest to develop on regular coins and it's safe.




Good coins are Eth, Terra luna,Bnb