Bitcoin is still the favorite choice - page 11.

suzanne5223

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Quote from: Mituletr on July 03, 2021, 04:58:57 AM

An important reason for Bitcoin's popularity is that it has withstood the test of time. No digital currency has experienced so many ups and downs like it. It has been discussed many times around the world, and tenacity of its vitality also proves its value from the side.
Moreover, Bitcoin is the most widely-consensus digital cryptocurrency, and it has a strong international circulation. The total amount of Bitcoin is constant at 21 million, and it is halved about every four years. It is scarce. In addition, Bitcoin is a peer-to-peer transaction transmission, free from the intervention of various institutions, and can circulate around the world. You can send your Bitcoin to any corner of the world. Coupled with the fact that Bitcoin has higher returns than gold. Digital currency or encrypted assets represented by Bitcoin is the general direction of the development of the entire financial industry.
The great investor's enthusiasm over Bitcoin is based on its overall progress during last decade, it is proven only crypto asset that surpasses the expectation of investors and breaks the previous record highs. And bitcoin has been presented to the world to comply with the general trend of economic globalization.

https://medium.com/cryptocurrencies-ups-and-down/bitcoin-is-still-the-favorite-choice-598d15fde96f

Bitcoin potential can't be underestimated due how it was able overcome different type challenges which would have cause the exit of some altcoin but it always leads to the elevation and awareness of Bitcoin. In spite all the characteristics, it shouldn't say Bitcoin is free from the intervention of various institutions cause institution are the major investor these days.

Nunoluck

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Although there are so many good altcoins that created but I still invest more than 50% of my fund in bitcoin. For me bitcoin is the best cryptocurrency for investment. Usually I don't trading bitcoin I just buy and hold and it is enough to give me big profit. Usually I only invest max 10% of my fund in altcoin because it is hard to find project that have good people behind it, good road map, and good opportunity. Also the risk also high because if the altcoin fail or too slow to grow the number of it users or have difficulty to complete the road map then my investment profit will be smaller than my expectation. But I am lucky because I found TRX because it used by gamers community which is very big and growing, I also gamer too so this altcoin is very useful for me, I think this altcoin have big potential so I invest more than 25% of my fund to this altcoin. But bitcoin is still my favorite choice.

Twinkledoe

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Quote from: Rengga Jati on July 03, 2021, 04:07:18 PM

Quote from: Mituletr on July 03, 2021, 04:58:57 AM

-snip-

Yeah, these become general things of Bitcoin so far.
Bitcoin has been playing very well so far and many people like Bitcoin, not only as the global currency but also for trading and investing.
Many people have been starting with Bitcoin, not as a currency but to invest their money. They trust Bitcoin although BTC has several times dropped and then up again.

However, it doesn't guarantee that all people are fans of Bitcoin.
In fact, BTC becomes one of the most things that always have haters, many countries ban BTC and also they spread FUD everything Bitcoin is on the air, when bullish, and even when bearish. FUD is always there, around Bitcoin.
but why we are still here is because we believe in Bitcoin.

I agree with you here. And if you are long enough in this forum, bitcoin has died many times already owed to the haters especially those who sold at a loss. Tongue

Also, when bitcoin is crashing, you can read a lot of FUD and comments like bitcoin will be dead soon. And despite all those hates, bitcoin remain its position. People come and go, new crypto users or investors. And now, most crypto users just want to hold btc for long term, for the hope that they will get very good profit someday.

bitbunnny

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Yes, Bitcoin is and to my opinion will remain the favourite choice of majority of Bitcoin investors. No altcoin has managed to push back Bitcoin and I don't think we'll see that. In fact I think that with time the number of altcoins will get lower and Bitcoin will become even more powerful and its place at the market will get stronger and stronger.

titular

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Quote from: mindrust on July 03, 2021, 07:21:33 AM

Quote from: Mituletr on July 03, 2021, 04:58:57 AM

An important reason for Bitcoin's popularity is that it has withstood the test of time. No digital currency has experienced so many ups and downs like it. It has been discussed many times around the world, and tenacity of its vitality also proves its value from the side.
Moreover, Bitcoin is the most widely-consensus digital cryptocurrency, and it has a strong international circulation. The total amount of Bitcoin is constant at 21 million, and it is halved about every four years. It is scarce. In addition, Bitcoin is a peer-to-peer transaction transmission, free from the intervention of various institutions, and can circulate around the world. You can send your Bitcoin to any corner of the world. Coupled with the fact that Bitcoin has higher returns than gold. Digital currency or encrypted assets represented by Bitcoin is the general direction of the development of the entire financial industry.
The great investor's enthusiasm over Bitcoin is based on its overall progress during last decade, it is proven only crypto asset that surpasses the expectation of investors and breaks the previous record highs. And bitcoin has been presented to the world to comply with the general trend of economic globalization.

https://medium.com/cryptocurrencies-ups-and-down/bitcoin-is-still-the-favorite-choice-598d15fde96f

As a store of value? Probably.

As a currency? I don't think so. There are far cheaper, faster and more anonymous alternatives out there. When it comes to safety, bitcoin is the best but in other fields, bitcoin loses miserably.

If you are here for the long term, bitcoin is your safest bet.

If you want to use crypto as a currency, get something else.

This completely ignores the use of the Lightning Network. Have you ever used LN to purchase anything?

If not, go and do that first, and then come and tell me what you just said. Bitcoin can be an excellent medium of exchange.

GeorgeJohn

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In twenty years time bitcoin can not be eliminated, but i understand that many people mindset concerning cryptocurrency, especially bitcoin is that bitcoin can give off anytime and any day, and from perspective, irrespective the wrong news carried out by some people who is trying to damage the images of cryptocurrency most especially bitcoin in particular in societies, it's now we even have massive adoption of cryptocurrency, so therefore bitcoin never backslide to the extent that people that knows about it disassociate from investing on it,

Rengga Jati

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Quote from: Mituletr on July 03, 2021, 04:58:57 AM

-snip-

Yeah, these become general things of Bitcoin so far.
Bitcoin has been playing very well so far and many people like Bitcoin, not only as the global currency but also for trading and investing.
Many people have been starting with Bitcoin, not as a currency but to invest their money. They trust Bitcoin although BTC has several times dropped and then up again.

However, it doesn't guarantee that all people are fans of Bitcoin.
In fact, BTC becomes one of the most things that always have haters, many countries ban BTC and also they spread FUD everything Bitcoin is on the air, when bullish, and even when bearish. FUD is always there, around Bitcoin.
but why we are still here is because we believe in Bitcoin.

verita1

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I would always have bitcoin in my wallet, I could have up to three altcoins, no more because it overwhelms me so many coins. Bitcoin despite its volatility has shown strength and credibility over time. Traders use bitcoin in many ways, other classes of investors think of bitcoin as a long-term investment. I am convinced that bitcoin will bring prosperity to populations around the world.

zasad@

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Bitcoin has many enemies, people who want to get Bitcoin from clean energy. In many countries, mining is prohibited due to increased loads on the power grid.
What happens if a couple more countries ban mining?
Russia, USA or Kazakhstan. There are not many countries in the world where it is profitable to mine bitcoin, although it all depends on its price in the market.

Sanitough

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Quote from: BitcoinPanther on July 03, 2021, 12:46:40 PM

Quote from: Mituletr on July 03, 2021, 04:58:57 AM

An important reason for Bitcoin's popularity is that it has withstood the test of time.

I agree that Bitcoin had withstood the test of time and still being tested by it.

Quote from: Mituletr on July 03, 2021, 04:58:57 AM

No digital currency has experienced so many ups and downs like it.

I believe that all cryptocurrency had experienced so many ups and downs but its that among them Bitcoin is the most popular.

I think Bitcoin had been the favorite of the majority of crypto enthusiast because it is the pioneer of decentralized blockchain and had a great story behind it, especially the mystery of Satoshi Nakamoto

The history of bitcoin and the times it had surpassed its struggles has made it our best and top choice for crypto investment. No other crypto has lived for more than 10 years of existence and for that, bitcoin becomes more amazing.

Bitcoin aims to be a currency and that is how it is really designed but since the government are still opposing, bitcoin today is only good for being a store of value. It's definitely a good long term investment that will give us profits beyond our own expectations but maybe in the future, bitcoin as a currency will eventually be realized.

MinoRaiola

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The crypto market is largely part of Bitcoin, but there are thousands of other cryptocurrencies. For Bitcoin maximalists it is clear: Bitcoin is and will remain number 1 and Altcoins are just bad copies. With Altcoins, big profits are possible at best, but they are more for speculation. Bitcoin is there to advance acceptance and many altcoins destroy it again. There are enough examples. If there were only bitcoin, it would be a completely different market.

BitcoinPanther

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Quote from: Mituletr on July 03, 2021, 04:58:57 AM

An important reason for Bitcoin's popularity is that it has withstood the test of time.

I agree that Bitcoin had withstood the test of time and still being tested by it.

Quote from: Mituletr on July 03, 2021, 04:58:57 AM

No digital currency has experienced so many ups and downs like it.

I believe that all cryptocurrency had experienced so many ups and downs but its that among them Bitcoin is the most popular.

I think Bitcoin had been the favorite of the majority of crypto enthusiast because it is the pioneer of decentralized blockchain and had a great story behind it, especially the mystery of Satoshi Nakamoto

dunfida

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Quote from: pinggoki on July 03, 2021, 09:39:42 AM

Quote from: TribalBob on July 03, 2021, 09:14:01 AM

for anyone who has already get benefited from bitcoin, surely they will always choose bitcoin as their main asset, with negative news now it is an opportunity for them to collect bitcoin and aim to get maximum profit in the future

Not just because those people are getting benefited from bitcoin already that's why they are choosing bitcoin, maybe that is just one reason why they are choosing bitcoin among other cryptocurrencies. Another thing is that bitcoin is the number one cryptocurrency in the market cap and because of this, many are still investing in bitcoin compared to other cryptocurrencies like altcoins and other coins. Bitcoin is the most famous cryptocurrency all over the world and that's another reason why people are still choosing bitcoin over other cryptocurrencies.

Earning profit is just second because the main thing on why its been supported because into its actual usage or simply on how this change up the payment system since its decentralized and anonymous.

This is where the community do matter most about its pure actual usage but also majority is also in concern on how to make profits and since this is mainly supported or on the top of the market
then that kind of impression would be normal.

A coin wont be staying for a decade on the top rank if it wasnt favorite on the first place.

acener

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Bitcoin would always be my top choice when it comes to crypto currency or even for a long term investment.
I just believe that it would always be the top and it would fly even higher in the future so there would be more profit for the HODLers.

perryxi2

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Bitcoin has a long history of existence and if it is said that BTC is one of the most sustainable cryptocurrencies, there are quite a few new projects born but no project can replace BTC in other words BTC is one of the most popular and widely paid coins in the world today

Kong Hey Pakboy

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Bitcoin is still your choice because it was the first of it's kind, you would say that Ethereum is your choice if it was the first cryptocurrency. And with Bitcoin being the first, they gather more crowd that it's predecessors.

pinggoki

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Quote from: TribalBob on July 03, 2021, 09:14:01 AM

for anyone who has already get benefited from bitcoin, surely they will always choose bitcoin as their main asset, with negative news now it is an opportunity for them to collect bitcoin and aim to get maximum profit in the future

Not just because those people are getting benefited from bitcoin already that's why they are choosing bitcoin, maybe that is just one reason why they are choosing bitcoin among other cryptocurrencies. Another thing is that bitcoin is the number one cryptocurrency in the market cap and because of this, many are still investing in bitcoin compared to other cryptocurrencies like altcoins and other coins. Bitcoin is the most famous cryptocurrency all over the world and that's another reason why people are still choosing bitcoin over other cryptocurrencies.

john_nautica

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It is indeed true that Bitcoin can be considered as the crowd’s favorite. In addition to the matter that it is the top word that comes to one’s mind when cryptocurrency is heard, it is also being featured in various platforms with high value. It will stay as a favorite choice because it is a safety net type of coin, it is the primary cryptocurrency and has deemed to be the sustainable one in its existence.

Cling18

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Bitcoin as the father of cryptocurrency has passed all the tests of time and there's no doubt that there would be more improvements and developments in the future. It has actually surpassed the expectations of most users for years. Bitcoin has remained on top snd I believe that no coin could reach the same achievement because BTC will always be the all-time favorite.

TribalBob

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for anyone who has already get benefited from bitcoin, surely they will always choose bitcoin as their main asset, with negative news now it is an opportunity for them to collect bitcoin and aim to get maximum profit in the future

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