Bitcoin is still the favorite choice - page 9.

Renampun

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

...

no debate, Bitcoin is the most loved cryptocurrency in the whole world...

Bitcoin is already outside the heads of people in the world, they rarely hear about other cryptocurrencies but Bitcoin is always heard throughout the mass media. proud to be a Bitcoin holder.

Vishnu.Reang

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Quote from: ?? on ??

Yes, this is because bitcoin is till the favourite one , the main issue is that no currency ever is going to decrease or increase like that and it has the ability to make you a billionaire and give huge benefit in less time, that's why it is still the favorite.

I am not sure whether this is true anymore. Bitcoin has already attained an ATH of $62,000 this year. How much further it can go up? The total global wealth is around $400 trillion right now, and the market cap of gold is around $12 trillion. I would assume that the maximum possible appreciation for BTC it up to the market cap of gold in the next 5 to 10 years. That means a 20x increase from the current levels. A 20x increase in you assets, within the next 10 years is going to make you a billionaire? I don't think that is the case with the vast majority of the investors. They may become rich, but definitely not millionaires or billionaires (unless you already own a few hundred coins).

Nightz

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Quote from: uneng on July 05, 2021, 12:06:36 PM

Another crypto currencies don't have bitcoin's potential because they are biased. There is always a developer individual or team behind altcoins which have personal interests that could lead to blatant manipulation. With bitcoin it's different because the original crypto currency gives the impression it was created for a more idealistic loyal purpose by its creator Satoshi Nakamoto, who wasn't solely focused in financial gains, but mainly in financial freedom.

That has always been the same for Bitcoin. There were always a couple of core developers or contributors who had their personal opinion and tried to influence the protocol development. Take for example the fork caused by Roger Ver or when Mike Hearn left the boat as core developer because he was for another route than, I can't recall, another core developer. There are definitely interests and power involved for Bitcoin as well.

ipanks

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Quote from: dark1234 on July 05, 2021, 09:24:30 AM

Quote from: ipanks on July 05, 2021, 08:14:33 AM

Quote from: ten seventy on July 04, 2021, 09:46:43 PM

obviously why would it will become @35K $ if it is not a good choice? Definitely many and more people will going to join bitcoin and many can.benefit to.it. Will let just wait and see what will going to happen in bitcoin.

Hopefully, they know that bitcoin prices have high volatility and that can flow to any price. If they are ready with that, they can join in bitcoin but I guess only some people can be ready for that and the rest will worry and panic if they see the price is down a lot.

The price now is down again to $33,500 after reaching $36k. It seems the price will make another correction and hopefully, the price will not go low than $30k. But the trend is down in the daily timeframe, so we need to make a strategy to face the worst situation.

bitcoin is still the prima donna in the market and a price benchmark for others even though the value of bitcoin is still not stable and most experts are worried that its enormous energy use will make it fall or vice versa with the start of a lack of bitcoin supply based on the code, only 21 million bitcoins can be mined , where so far, more than 18 million Bitcoins are already circulating in the market.

I am sure there will be a solution to that because we can not depend on the existing energy so we need to search for other renewable energy to make bitcoin continue to grow. The price before getting a correction but now, the price starts to rise although not much and hopefully, the price can be able to back to $34k.

Quote from: Luzin on July 05, 2021, 10:38:42 AM

Quote from: ipanks on July 05, 2021, 08:14:33 AM

The price now is down again to $33,500 after reaching $36k. It seems the price will make another correction and hopefully, the price will not go low than $30k. But the trend is down in the daily timeframe, so we need to make a strategy to face the worst situation.

Many predict the price will drop to $20K. But as long as it is reasonable then it is an incident that is repeated in the previous period. The price of $ 30K is a strong support I hope it doesn't break either. But let's see because the bearish chart is still happening.
Regarding being an option it is a deal that happens imagine if there is not then I am sure BTC will be destroyed. The skyrocketing value is also an attraction in itself, if the price goes down it is an opportunity to add back.

Yes, I also predict that the bitcoin price gets down below $30k but hopefully, that will not happen. The bearish chart is still there, but I am sure the bullish chart will come soon and see bitcoin start to increase. Hopefully, we can have a chance to buy more bitcoin and make a profit later because the price will be up and down many times before the price can jump to the highest price again.

isaac_clarke22

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Quote from: Yatsan on July 05, 2021, 10:58:21 AM

~

It is by many things and reasons. There are people that would be choosing it due to its market cap in CMC.
Its ATH from ATL. There would be people that would choose BTC just because it is mainstream in media and they would like to ride the wave the same way as those people that referred them to it.

Personally, I looked at Bitcoin as something illegal back then that's why I never chose to invest to it, then someone from my social circle corrected those misconceptions.

ene1980

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Quote from: Kasabus on July 05, 2021, 04:57:12 PM

Bitcoin is not all about profits that made
people more thrilled but having it as a currency that give us more convenience compared to fiat, is simply what people are also making bitcoin as a top favorite. When it comes to profits, bitcoin hits number 1 and we can also expect that bitcoin will be used as a global currency in the near future.

As a day to day currency Bitcoin is still a failure and we need more time to reach a time when we can proudly say that Bitcoin could scale and everyone is able to make day to day transaction with ease, how we are going to do that and when we will be reach that solution is still difficult to predict but we are in the right direction.

Quote from: Kasabus on July 05, 2021, 04:57:12 PM

Bitcoin has definitely its own advancements towards others and as this years pass by, we can expect more positive developments for bitcoin not just in its price but more on its own adoption as a currency.

I am not curious about the adoption but the upgrades that are planned in Bitcoin this year, we are having some major changes and how it could affect the entire network for good is to be seen and that is the most exciting development i am looking forward than the value of Bitcoin.

Kasabus

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Quote from: uneng on July 05, 2021, 12:06:36 PM

Another crypto currencies don't have bitcoin's potential because they are biased. There is always a developer individual or team behind altcoins which have personal interests that could lead to blatant manipulation. With bitcoin it's different because the original crypto currency gives the impression it was created for a more idealistic loyal purpose by its creator Satoshi Nakamoto, who wasn't solely focused in financial gains, but mainly in financial freedom.

Bitcoin is not all about profits that made
people more thrilled but having it as a currency that give us more convenience compared to fiat, is simply what people are also making bitcoin as a top favorite. When it comes to profits, bitcoin hits number 1 and we can also expect that bitcoin will be used as a global currency in the near future.

Bitcoin has definitely its own advancements towards others and as this years pass by, we can expect more positive developments for bitcoin not just in its price but more on its own adoption as a currency.

Viscore

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Live with peace and enjoy life!

Quote from: Yatsan on July 05, 2021, 10:58:21 AM

Many people will also really tell that Bitcoin is still their top most choice among the other existing cryptocurrencies in the market and that is because of many obvious and observable things present with Bitcoin. Many people have already realized its worth and value compared to the old times that makes people wanting to obtain even a part or a single Bitcoin into their accounts. Bitcoin have provided many benefits to those who have them which eagers many people to also have the same thing that boosts up into Bitcoin's popularity and raise in the demand due to the reason that almost everybody's first choice upon entering the market is Bitcoin.

Bitcoin will always be the top choice of the people because for all obvious reasons. Bitcoin has survived through the tests of time and yet in the end, its still the king of all crypto and no other coin has replace its position. Athough its price is unstable, but its price keeps recovering after every fall. And that made its even more profitable when it reaches another heights after its dump season.

With all these clear reasons, people has definitely put more trust on bitcoin rather than into altcoins even the fact that bitcoin is even more expensive and risky as an investment.

wxa7115

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Bitcoin is GOD

Quote from: kaggie on July 03, 2021, 05:40:18 AM

Bitcoin is, and will be for the foreseeable future.

Other networks are more susceptible to a 51% attack and initial high-staked investor muck-ups.

Bitcoin has the longest running history, which means that it is more likely to hold your wealth for a longer term. The variability of new coins have not proven themselves in their software, as you can see with even ethereum going through large forks. Even with bitcoin, I'd be concerned that developments over very long periods destroying wealth, but it is much less susceptible to this.

Bitcoin, being the first, needs a very, very good reason to fail. If it fails without a good reason, then every other crypto will too.

At this point it is obvious that bitcoin is going to always be the leader of this market, the advantage that bitcoin has is simply too great and instead of getting smaller it is getting bigger, now that does not mean that we could not have a use for some other coins in the future as long as they can do something better than bitcoin, but when it comes to being a currency and a store of value bitcoin is unmatched in this market and we could argue that there is in fact no asset or currency that can match it.

There are very few things that could affect bitcoin and all of them are unlikely to happen, for example a world wide disaster could happen that could send us back to the days before we had electricity but the chances of an event like this happening are so low that it is a waste of time to even consider it.

CryptoStar19

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Quote from: MinoRaiola on July 03, 2021, 02:30:51 PM

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.

Bitcoin was born out of the open-source movement... that eventually there would be many copies and iterations was unavoidable. But ultimately this is a good thing: the market will determine over time what endures and what doesn't survive.

uneng

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Leading Crypto Sports Betting & Casino Platform

Another crypto currencies don't have bitcoin's potential because they are biased. There is always a developer individual or team behind altcoins which have personal interests that could lead to blatant manipulation. With bitcoin it's different because the original crypto currency gives the impression it was created for a more idealistic loyal purpose by its creator Satoshi Nakamoto, who wasn't solely focused in financial gains, but mainly in financial freedom.

Yatsan

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Many people will also really tell that Bitcoin is still their top most choice among the other existing cryptocurrencies in the market and that is because of many obvious and observable things present with Bitcoin. Many people have already realized its worth and value compared to the old times that makes people wanting to obtain even a part or a single Bitcoin into their accounts. Bitcoin have provided many benefits to those who have them which eagers many people to also have the same thing that boosts up into Bitcoin's popularity and raise in the demand due to the reason that almost everybody's first choice upon entering the market is Bitcoin.

Luzin

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Quote from: ipanks on July 05, 2021, 08:14:33 AM

The price now is down again to $33,500 after reaching $36k. It seems the price will make another correction and hopefully, the price will not go low than $30k. But the trend is down in the daily timeframe, so we need to make a strategy to face the worst situation.

Many predict the price will drop to $20K. But as long as it is reasonable then it is an incident that is repeated in the previous period. The price of $ 30K is a strong support I hope it doesn't break either. But let's see because the bearish chart is still happening.
Regarding being an option it is a deal that happens imagine if there is not then I am sure BTC will be destroyed. The skyrocketing value is also an attraction in itself, if the price goes down it is an opportunity to add back.

dark1234

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Quote from: ipanks on July 05, 2021, 08:14:33 AM

Quote from: ten seventy on July 04, 2021, 09:46:43 PM

obviously why would it will become @35K $ if it is not a good choice? Definitely many and more people will going to join bitcoin and many can.benefit to.it. Will let just wait and see what will going to happen in bitcoin.

Hopefully, they know that bitcoin prices have high volatility and that can flow to any price. If they are ready with that, they can join in bitcoin but I guess only some people can be ready for that and the rest will worry and panic if they see the price is down a lot.

The price now is down again to $33,500 after reaching $36k. It seems the price will make another correction and hopefully, the price will not go low than $30k. But the trend is down in the daily timeframe, so we need to make a strategy to face the worst situation.

bitcoin is still the prima donna in the market and a price benchmark for others even though the value of bitcoin is still not stable and most experts are worried that its enormous energy use will make it fall or vice versa with the start of a lack of bitcoin supply based on the code, only 21 million bitcoins can be mined , where so far, more than 18 million Bitcoins are already circulating in the market.

Shenzou

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I don't think that bitcoin will ever reach the point where it is used as a global currency, as a way to for microtrasaction and on the day to day bases bitcoin has a lot of problems, considering high fees and long transaction time, it is true that bitcoin has and is facing a lot of hardship and still it is the best investment out there but only as an investment and for it to reach the point of becoming a widely used currency a lot needs to be chnaged about it.

Ararbermas

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Correct those people who don't like bitcoin are blind and some of them are promoting a useless project in the market, like elon musk with his shitdogecoin and see what's going right now he wants to see a improvement in bitcoin? Lol
so stay away if you see some people posting nonsense and making comparison with bitcoin and other cyrpto currency especially if they're sharing negative information because they are fool..

ipanks

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Quote from: ten seventy on July 04, 2021, 09:46:43 PM

obviously why would it will become @35K $ if it is not a good choice? Definitely many and more people will going to join bitcoin and many can.benefit to.it. Will let just wait and see what will going to happen in bitcoin.

Hopefully, they know that bitcoin prices have high volatility and that can flow to any price. If they are ready with that, they can join in bitcoin but I guess only some people can be ready for that and the rest will worry and panic if they see the price is down a lot.

The price now is down again to $33,500 after reaching $36k. It seems the price will make another correction and hopefully, the price will not go low than $30k. But the trend is down in the daily timeframe, so we need to make a strategy to face the worst situation.

ten seventy

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obviously why would it will become @35K $ if it is not a good choice? Definitely many and more people will going to join bitcoin and many can.benefit to.it. Will let just wait and see what will going to happen in bitcoin.

btc78

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Quote from: killerfrost on July 04, 2021, 04:16:45 AM

We're all in this space, and we're all talking about it well, but if you go out and look at other markets, crypto is still too small. But I think all of us who got into this market early have a huge opportunity to build something for ourselves.

Why need to tackle about the past when we cannot do anything about this but to move on and do it right now?

You are just making things feels bitter when someone does not afford buying in the past when there are still chances to invest in today.

But yes , Bitcoin is still the favorite coins of the whole crypto community and not to be stopping any time soon..

arwin100

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Quote from: Dread Pirate Roberts on July 04, 2021, 06:40:15 PM

There are many reasons why bitcoin will always be main coin in market. bictcoin pioneer in crypto. had a large and strong community. had possibility of higher prices than today, although there are many new coins with better features but I don't think anyone will be able to surpass bitcoin. and also many altcoin and project also depending on bitcoin.

This is the first one created and the most adopted coin among other so its not surprising to see that bitcoin still the main favorite of all people, also if we talk about cryptocurrency bitcoin name will also came first to our mind thats why we can say all this things for bitcoin. The one I hope now is to see more great adoption so that we can see the price pump back again for sure the adoption rate when that time came will increase again.

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