Bitcoin is not profitable anymore, Altcoins like Avalanche / Algorand etc. are - page 3.

imamusma

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Quote from: sulis sudibyo on March 20, 2022, 02:02:20 AM

Are you sure?
Have you ever thought that the bullrun wouldn't start before bitcoin went up. so if you believe bitcoin is not profitable then the whole market is not profitable anymore. Coins that you think are very good and have great potential because they are newly released will not develop because the market is no longer profitable. So basically your thinking about bitcoin's golden age is over is wrong.

Yes, in this case I strongly agree and agree with your statement because it has been proven from year to year when market conditions and Bitcoin are not good, then almost all altcoins experience the same or worse than Bitcoin, and vice versa when the market and Bitcoin is starting to fix its price in the market.

PrivacyG

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I can not believe we are calling NFT coins superior to Bitcoin. We are literally buying willy JPEG's hoping for a profit. NFT's are WAY more overbought than Bitcoin ever was. It is just a trend that is already fading away.

You are calling Bitcoin overbought. Everyone else was too, when one Bitcoin was only worth $1,000. Yet here we are. 4100% profit and still going. Only last year alone we had over 1000%. It is overbought because..? Do you really think it can not grow much more than $60,000?

I can not wait for the moment Bitcoin hits $500,000 per coin and new threads pop up saying it can just not go much higher.

-
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PrivacyG

cryptoaddictchie

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Bitcoin in terms of investment versus those mentioned could definitely far. As a trader I can understand him as he can viewed the multiplier of those he mentioned bigger than bitcoin. But in terms of decentralized aspect we can see that bitcoin is the only one with 100% of it.

I cant blame OP if he said that since he is right. You buy $500 worth of btc and let say $500 worth of avax today. $42,000 and $88 per coin. Im sure we all knew whose gonna do even a solid 2x multiplier there. No hate, just seeing which one is profitable.

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Quote from: Master of Shitcoins on March 19, 2022, 04:40:39 PM

Quote from: vv181 on March 19, 2022, 03:47:40 PM

Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

Bitcoin doesn’t offer new technologies like DeFi and NFT. It was a big reason why DeFi and NFT coins like Ethereum and Avalanche made big gains and will continue to make huge gains because new technologies are supported by coins like Ethereum and Avalanche. Bitcoin doesn’t support new technologies like DeFi and NFT. It will be a big issue because it’s very important to support new technologies and if not, your coin will be dropped and replaced by better technology. It’s always how tech improves.

Specifically about Defi and NFT, have you ever heard about Sovryn and Raretoshi? I presume nope.

And heck, Bitcoin was even started way earlier to be able to support "NFT" with Colored Coins.

It never gained traction because Bitcoin is not a DeFi / NFT chain. Bitcoin is used as a pay-only chain.

Ok, so we are now agreeing that Bitcoin does offer "newer tech" like Defi and NFT as you've said.

Quote from: Master of Shitcoins on March 19, 2022, 04:40:39 PM

Quote from: vv181 on March 19, 2022, 03:47:40 PM

Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

Bitcoin wastes a lot of electricity because more modern coins are more efficient.

Efficient of what? In what terms? do they also have a strong blockchain as secure as Bitcoin? Sacrificing security for that so-called energy-efficient tech is a no go.

Efficient of energy used. We can't afford to waste huge electricity while we have more efficient tech.

Speaking about technology while relying too much on how much energy being used seemed doesn't right, does the efficiency comes at a cost? as an example how about those two coins in security aspect compared to Bitcoin?

sulis sudibyo

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Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

Conclusion: new tech (Avalanche, Algorand) is king and will replace old tech (Bitcoin) because better tech always wins.

Are you sure?
Have you ever thought that the bullrun wouldn't start before bitcoin went up. so if you believe bitcoin is not profitable then the whole market is not profitable anymore. Coins that you think are very good and have great potential because they are newly released will not develop because the market is no longer profitable. So basically your thinking about bitcoin's golden age is over is wrong.

Stalker22

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Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

From an innovation perspective, Bitcoin is not a profitable choice anymore if we are doing an analysis.
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Even if you are in the market for the thrill of high-risk investment, you might have better chance of getting profit from bitcoin than from your “new” coins. Buying your digital currency without understanding the market is extremely risky. In fact, most investors fail because they misunderstand what they’re buying. Don’t be fooled by words like “diversified investment portfolio” or “high-yield investment portfolio”; most of the time, the high-yield investments actually provide very poor returns.

Slow death

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strange that your username is Master of Shitcoins, from what I see you really like... well I better stop here

back to what you posted:

Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

Bitcoin has already made most profits when Bitcoin was new 10 years ago. Yearly profits for Bitcoin are going down every year. Right now, it can't make much profits anymore because Bitcoin is already very big. Even a x2 for Bitcoin would be huge. For comparison: Bitcoin made x100,000 already. Bitcoin is at his life's end from a profit’s perspective. Maybe it can still make a x5 in a decade but compared to Bitcoin’s x100,000 already, it’s a tiny profit.

Do you want to have 100X profits? In what normal investment can one expect 100X profit? It is necessary to note that the bitcoin market has grown a lot, and this has made it a safe investment, getting returns of `5% to 300% or even 500% holding for years is still possible with bitcoin and they are realistic and realistic returns. more reliable than putting money into some altcoin just because you want to make 100X profit but taking a high risk of losing all your money is simply insane and inadvisable to do. so i can say with certainty that bitcoin is still the best and safest investment in relation to altcoins

Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

More new coins, just released recently can make a much bigger gain from a price perspective because market capitalization is much lower. Good examples are Avalanche and Algorand, which could still do a x100, while Bitcoin only does a x2

every day meaningless projects are created, with no practical use, projects that are copy/paste of someone else and scam projects

Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

Bitcoin doesn’t offer new technologies like DeFi and NFT. It was a big reason why DeFi and NFT coins like Ethereum and Avalanche made big gains and will continue to make huge gains because new technologies are supported by coins like Ethereum and Avalanche. Bitcoin doesn’t support new technologies like DeFi and NFT. It will be a big issue because it’s very important to support new technologies and if not, your coin will be dropped and replaced by better technology. It’s always how tech improves.

this DeFi and NFT that you talk so much about, I particularly only see advertising like ICOs, in practice I don't even see their advantage

Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

Bitcoin wastes a lot of electricity because more modern coins are more efficient.

even to print money it is necessary to spend electricity, so it all depends on the point of view

Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

Bitcoin is overbought because everyone knows it while new coins are still very unknown and will get known more over time. Avalanche was only released in 2020 and Algorand was also only released in 2020. Only few people know yet about Algorand and Avalanche.

bitcoin still has great potential to increase a lot

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Bitcoin can be used in DEFI through second-layer solution and this is also an alternative way for you to earn passive income from using bitcoin. You must not mislead people with it. Stacks, sovryn and so many defi bitcoin exists right now. Just because you are investing in the avax and algorand it didn't mean you must blindly supporting those coins.
I do know how good those coins are as well but bitcoin is the truly decentralized coin right now. Those coins are controlled by the developers. I think that you forget if various solutions have already been implemented on bitcoin. Bitcoin is profitable for the whales as the price of bitcoin is already valued at a high price.

magneto

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That is interesting.

I think that from the perspective of someone who has rode through multiple bull/bear markets, BTC simply serves a different purpose as a store of value.

New tech always comes out in bull markets and then most go to ashes during the bear market. I don't think that this current bear market is going to be any different - the actual good projects like ETH will continue to survive, whereas the lower market cap coins have a very low chance of actually surviving.

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Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

Bitcoin has already made most profits when Bitcoin was new 10 years ago. Yearly profits for Bitcoin are going down every year. Right now, it can't make much profits anymore because Bitcoin is already very big. Even a x2 for Bitcoin would be huge. For comparison: Bitcoin made x100,000 already. Bitcoin is at his life's end from a profit’s perspective. Maybe it can still make a x5 in a decade but compared to Bitcoin’s x100,000 already, it’s a tiny

bitcoin was long term invesstment instrument , and if you look its price averagely down. but its not only talk about price if we mentioned bitcoin, but also its affect to crypto market. bitcoin bring alot benefit and advantages to altcoin price. there are alot opportunity created there. investor not only looking its price , but also opportunity to gain profit from its movement.

Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

Bitcoin doesn’t offer new technologies like DeFi and NFT. It was a big reason why DeFi and NFT coins like Ethereum and Avalanche made big gains and will continue to make huge gains because new technologies are supported by coins like Ethereum and Avalanche.

technologycally bitcoin didnt provide it, but dont forget it also have lightning network that will beat all altcoin feature when mass adoption coming. its pure decentralized technology without any utility except on its adoption itself.

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Quote from: Coyster on March 19, 2022, 03:07:51 PM

Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

Conclusion: new tech (Avalanche, Algorand) is king and will replace old tech (Bitcoin) because better tech always wins.

Do you really believe the above, what is the use case of the coins you mentioned above?

Yes , because new tech always wins. Bitcoin doesn't support DeFi and Bitcoin doesn't support NFT. Avalanche also supports ILO, which Bitcoin doesn't support.
For every new technological innovation, Bitcoin doesn't support it.
Bitcoin's lack of support for new tech will quickly backfire when new tech gets more relevant. DeFi and NFT are sill very conceptual but will improve and when it's relevant, Bitcoin will lose places against new, competing coins quickly.

Quote from: Coyster on March 19, 2022, 03:07:51 PM

And do you honestly believe this new coins have a better network that Bitcoin?

Yes, it is more modern and outlined above.

Quote from: Coyster on March 19, 2022, 03:07:51 PM

Absolutely not.

Never bet against new tech, bro

Quote from: vv181 on March 19, 2022, 03:47:40 PM

Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

From an innovation perspective, Bitcoin is not a profitable choice anymore if we are doing an analysis.
Arguments:

~

Conclusion: new tech (Avalanche, Algorand) is king and will replace old tech (Bitcoin) because better tech always wins.

How could you conclude that while the reasoning you stated mostly talks about the price aspect instead of technology or innovation?

Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

Bitcoin doesn’t offer new technologies like DeFi and NFT. It was a big reason why DeFi and NFT coins like Ethereum and Avalanche made big gains and will continue to make huge gains because new technologies are supported by coins like Ethereum and Avalanche. Bitcoin doesn’t support new technologies like DeFi and NFT. It will be a big issue because it’s very important to support new technologies and if not, your coin will be dropped and replaced by better technology. It’s always how tech improves.

Specifically about Defi and NFT, have you ever heard about Sovryn and Raretoshi? I presume nope.

And heck, Bitcoin was even started way earlier to be able to support "NFT" with Colored Coins.

It never gained traction because Bitcoin is not a DeFi / NFT chain. Bitcoin is used as a pay-only chain.

Quote from: vv181 on March 19, 2022, 03:47:40 PM

Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

Bitcoin wastes a lot of electricity because more modern coins are more efficient.

Efficient of what? In what terms? do they also have a strong blockchain as secure as Bitcoin? Sacrificing security for that so-called energy-efficient tech is a no go.

Efficient of energy used. We can't afford to waste huge electricity while we have more efficient tech.

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Quote from: isaac_clarke22 on March 19, 2022, 04:16:31 PM

Quote from: BIT-BENDER on March 19, 2022, 03:55:17 PM

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From the past posts of the OP, I am pretty sure that s/he just don't like Bitcoin at all.

@OP There are way many more coins in the market now and it just wants me to stick more into Bitcoin. Lots of coins just disappearing off the CMC plus I don't think those coins you mentioned were meant to replace Bitcoin anyway.

You are right and I think it also that she/he is do not like bitcoin or did not what is bitcoin and what are the benefits if you holding a bitcoins.
And Op about these coin Avalanche, Algorand you've mentioned I don't think too if these coin will replace to bitcoins as a king. There are a lot of coins in the market but sad to say they will down and now they are gone.

ultrloa

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How come bitcoin is not profitable anymore? While its so volatile which you can adopt and earn with it many people do short trades on it then yet they are gaining good numbers of profits. If you are greedy trader then you will not really get what you wanted on bitcoin because bitcoin is not always a pump stable coin.

But always remember this OP if bitcoin price drops all of tokens especially those what you mention will also dump to.

DoublerHunter

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Quote from: isaac_clarke22 on March 19, 2022, 04:16:31 PM

Quote from: BIT-BENDER on March 19, 2022, 03:55:17 PM

~

From the past posts of the OP, I am pretty sure that s/he just don't like Bitcoin at all.

@OP There are way many more coins in the market now and it just wants me to stick more into Bitcoin. Lots of coins just disappearing off the CMC plus I don't think those coins you mentioned were meant to replace Bitcoin anyway.

^ Definitely right and I agree with you.
There is no single coin that can do the same as BTC, there are a lot of features that other coins can't do if we compared to BTC, and also there is no single coin that has a pure decentralized nature which is only BTC has. You can still make a profit on BTC if you want, at least you have a safe investment that the altcoin that you have to choose and you will never know until when they will have progress. BTC is profitable and does not put on a high risk your investment.

isaac_clarke22

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Quote from: BIT-BENDER on March 19, 2022, 03:55:17 PM

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From the past posts of the OP, I am pretty sure that s/he just don't like Bitcoin at all.

@OP There are way many more coins in the market now and it just wants me to stick more into Bitcoin. Lots of coins just disappearing off the CMC plus I don't think those coins you mentioned were meant to replace Bitcoin anyway.

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Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

From an innovation perspective, Bitcoin is not a profitable choice anymore if we are doing an analysis.
Arguments:
...
Conclusion: new tech (Avalanche, Algorand) is king and will replace old tech (Bitcoin) because better tech always wins.

I agree with some of your points but at the same time i think that other points of you are wrong. It is definitely true, if you ask me, that Bitcoin is not really on the same level than a lot of other projects out there in terms of technical possibilities, usability, scalability and overall functionality. The most prominant example for a technically superior project is Ethereum i would say. There you can create your own token on the Ethereum network and the smart contract functionality enabled that whole Defi trend that was the reason for the big bullrun back in 2020 and 2021. Other projects that you have listed are having the same functionality as Ethereum now.
It is also true though, that Bitcoin is THE cryptocurrency out there and will probably always be the number 1 crypto project because for most people that are not really into crypto it is still true that crypto = bitcoin.

BIT-BENDER

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Are you shilling? Sounds pretty much like laid shilling to me, because really would you actually think Bitcoin as not to be profitable only mention the above names(I won't give them publicity) of coins as profitable.

Get this correctly, just because a coin is super cheap and the other is expensive doesn't make the cheaper on more profitable, investment is futuristic, be it a day ahead or years ahead, so you should always choose the project with the biggest future potentials, and right now no coin reaches Bitcoin.

vv181

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Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

From an innovation perspective, Bitcoin is not a profitable choice anymore if we are doing an analysis.
Arguments:

~

Conclusion: new tech (Avalanche, Algorand) is king and will replace old tech (Bitcoin) because better tech always wins.

How could you conclude that while the reasoning you stated mostly talks about the price aspect instead of technology or innovation?

Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

Bitcoin doesn’t offer new technologies like DeFi and NFT. It was a big reason why DeFi and NFT coins like Ethereum and Avalanche made big gains and will continue to make huge gains because new technologies are supported by coins like Ethereum and Avalanche. Bitcoin doesn’t support new technologies like DeFi and NFT. It will be a big issue because it’s very important to support new technologies and if not, your coin will be dropped and replaced by better technology. It’s always how tech improves.

Specifically about Defi and NFT, have you ever heard about Sovryn and Raretoshi? I presume nope.

And heck, Bitcoin was even started way earlier to be able to support "NFT" with Colored Coins.

Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

Bitcoin wastes a lot of electricity because more modern coins are more efficient.

Efficient of what? In what terms? do they also have a strong blockchain as secure as Bitcoin? Sacrificing security for that so-called energy-efficient tech is a no go.

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Quote from: Master of Shitcoins on March 19, 2022, 02:54:48 PM

Conclusion: new tech (Avalanche, Algorand) is king and will replace old tech (Bitcoin) because better tech always wins.

Do you really believe the above, what is the use case of the coins you mentioned above? And do you honestly believe this new coins have a better network that Bitcoin? Absolutely not. I could understand the point that has to do with get rich quick investors trying their luck with new projects and their pump and dump coins, but Bitcoin has a lot to do with being patient as it is a long term investment, it definitely isn't a pump and dump coin and it has an actual utility that will see it last for as long as possible and continually appreciate in price. As you look for x100 with new projects, do not forget the grave risk involved, many of this projects disappear quite easily; do your research into the Bitcoin network and other networks for proper understanding.

Master of Shitcoins

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From an innovation perspective, Bitcoin is not a profitable choice anymore if we are doing an analysis.
Arguments:

Bitcoin has already made most profits when Bitcoin was new 10 years ago. Yearly profits for Bitcoin are going down every year. Right now, it can't make much profits anymore because Bitcoin is already very big. Even a x2 for Bitcoin would be huge. For comparison: Bitcoin made x100,000 already. Bitcoin is at his life's end from a profit’s perspective. Maybe it can still make a x5 in a decade but compared to Bitcoin’s x100,000 already, it’s a tiny profit.
More new coins, just released recently can make a much bigger gain from a price perspective because market capitalization is much lower. Good examples are Avalanche and Algorand, which could still do a x100, while Bitcoin only does a x2
Bitcoin doesn’t offer new technologies like DeFi and NFT. It was a big reason why DeFi and NFT coins like Ethereum and Avalanche made big gains and will continue to make huge gains because new technologies are supported by coins like Ethereum and Avalanche. Bitcoin doesn’t support new technologies like DeFi and NFT. It will be a big issue because it’s very important to support new technologies and if not, your coin will be dropped and replaced by better technology. It’s always how tech improves.
Bitcoin wastes a lot of electricity because more modern coins are more efficient.
Bitcoin is overbought because everyone knows it while new coins are still very unknown and will get known more over time. Avalanche was only released in 2020 and Algorand was also only released in 2020. Only few people know yet about Algorand and Avalanche.

Conclusion: new tech (Avalanche, Algorand) is king and will replace old tech (Bitcoin) because better tech always wins.

Topic: Bitcoin is not profitable anymore, Altcoins like Avalanche / Algorand etc. are - page 3. (Read 417 times)