Bitcoin is the Choice of Investors - page 2.

Minor Miner

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Quote from: Altryist on November 21, 2023, 04:57:01 AM

Quote from: Minor Miner on November 21, 2023, 12:25:20 AM

Indeed, if we talk about profits, altcoins clearly dominate bitcoin and it is not a bad choice, but it is confusing that so many people hate it and even hate those who invest in altcoins. Each person's goal when entering this market is different, so there will be different choices, just because others don't make the same choices as us, we discriminate and criticize them. Is what we are doing right?

Why don't we invest mainly in bitcoin and only spend a small part in altcoins to find our own luck? Many people have changed their lives thanks to altcoins, not just bitcoin. Just as many people became rich by investing in gold and stocks, but many bitcoin investors believe that such investments are useless.

2023 was not the best year for altcoins and Bitcoin showed that it is a much better investment. Some altcoins were also able to grow well, but Bitcoin did not outperform so many altcoins to be able to generalize their results.

I think that as long as Bitcoin moves towards the new ATH, the situation will not change much, the result of Bitcoin will still be better than that most of altcoins, and only after that altcoins will catch up. You can use this if you can, Bitcoin always rises first.

If you regularly follow the altcoin market, you wouldn't say that 2023 is a bad year for altcoins. Let's take a project I invested in, Fetch.Ai. I bought it at 0.24 in August and just now I sold it when it hit $0.56. I got a very small profit from it, but for those who invested in it from 2019 till now, they have made huge profits. It's just one of many altcoins that are giving good returns in the market, why say 2023 is a bad year for altcoins?

As I also said, focus mainly on bitcoin but don't miss the opportunity with altcoins. While you are focusing 100% of your time and money on bitcoin, many of us are optimizing profits through altcoins, Fet, Rndr, Fil...many altcoins had x2 in October. Why miss these opportunities to increase your capital and when bitcoin falls below $36k is a good time to accumulate?

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Quote from: AmoreJaz on November 21, 2023, 04:31:03 PM

Quote from: terrific on November 21, 2023, 03:13:46 PM

~snip~

we have been in this situation before, high fees and slow confirmation. but i think, it will still go down. maybe not 1sat/vB but a lot lower than what we have right now. this is the bottleneck when it comes to payment method. i won't use my btc if i need to pay hefty amount just for the tx fees.
for now, if you have no urgent needs of your cash, better keep your btc in your wallet. it is just another hiccup that we need to overcome.
also, you can convert your btc to other cheaper alts if you need to transfer it to your wallet or other platforms. you can easily calculate the difference of fees incurred.

I am not also inclined with that when the transactions aren't that much but the fees are a lot.
I wouldn't sacrifice it when I feel that I'll lose a lot from that transaction. I'm still for Bitcoin as an asset and store of value but when it's come to these transfers, if I'll lose a lot from the fees then I won't do the tx. If they're just like a couple of bucks and pennies, no problem. But when it goes tremendously and becomes more than $10. that's so much.

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Quote from: terrific on November 21, 2023, 03:13:46 PM

Quote from: _BlackStar on November 21, 2023, 10:32:20 AM

Quote from: terrific on November 20, 2023, 05:08:55 PM

Quote from: _BlackStar on November 19, 2023, 03:33:14 PM

-snip-

Yes, it had dropped for a while but I am still uncertain that the fees will increase again. But this is just a week that we're experiencing it and I think that we're about to see the lowest again soon.

Transaction fees will never be stable over time and will continue to fluctuate depending on how many transactions fill the mempool. I'm not at all surprised that transaction fees will become more expensive in the future - but there are positive indications that there may be a correlation between transaction fees and price increases.

That's right, the positive indication that it will be is because the price of Bitcoin is higher so, we're looking at the dollar value of the sats/vB instead of the quantity that's being provided for us to pay.

Quote from: _BlackStar on November 21, 2023, 10:32:20 AM

Moreover - check the transaction fees before you broadcast so as not to be delayed by low fees: https://mempool.space/
So far it's hard to expect transaction fees to drop to 1 sat/byte - I can imagine that won't happen until later this year. But again - expensive transaction fees will not completely hinder the real use case of bitcoin.

Everyone wishes to see it drop to 1 sat/vB but we don't know until that moment comes again because it's just so hard to expect that because of the ordinals.

we have been in this situation before, high fees and slow confirmation. but i think, it will still go down. maybe not 1sat/vB but a lot lower than what we have right now. this is the bottleneck when it comes to payment method. i won't use my btc if i need to pay hefty amount just for the tx fees.
for now, if you have no urgent needs of your cash, better keep your btc in your wallet. it is just another hiccup that we need to overcome.
also, you can convert your btc to other cheaper alts if you need to transfer it to your wallet or other platforms. you can easily calculate the difference of fees incurred.

terrific

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Quote from: _BlackStar on November 21, 2023, 10:32:20 AM

Quote from: terrific on November 20, 2023, 05:08:55 PM

Quote from: _BlackStar on November 19, 2023, 03:33:14 PM

-snip-

Yes, it had dropped for a while but I am still uncertain that the fees will increase again. But this is just a week that we're experiencing it and I think that we're about to see the lowest again soon.

Transaction fees will never be stable over time and will continue to fluctuate depending on how many transactions fill the mempool. I'm not at all surprised that transaction fees will become more expensive in the future - but there are positive indications that there may be a correlation between transaction fees and price increases.

That's right, the positive indication that it will be is because the price of Bitcoin is higher so, we're looking at the dollar value of the sats/vB instead of the quantity that's being provided for us to pay.

Quote from: _BlackStar on November 21, 2023, 10:32:20 AM

Moreover - check the transaction fees before you broadcast so as not to be delayed by low fees: https://mempool.space/
So far it's hard to expect transaction fees to drop to 1 sat/byte - I can imagine that won't happen until later this year. But again - expensive transaction fees will not completely hinder the real use case of bitcoin.

Everyone wishes to see it drop to 1 sat/vB but we don't know until that moment comes again because it's just so hard to expect that because of the ordinals.

Lorence.xD

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Quote from: Questat on November 21, 2023, 06:55:28 AM

Quote from: Silberman on November 13, 2023, 08:24:33 AM

Quote from: CoinFoxs on November 13, 2023, 06:48:12 AM

There is no doubt in that the bitcoin is best for investment as today bitcoin is at it’s lowest price and in future it will go to 50-60K usdt but there is a high risk associated with bitcoin while in case of gold the price is more stable so investor always prefer a stable thing to invest.

The needs of every investor are different, there are some investors that do not have as their priority to produce more wealth and what they want more than anything is to just preserve it, and gold can be a good way to do this as gold over the long term can track inflation and beat it, however for those that are still looking to increase their wealth then there is no doubt that an asset like bitcoin is a very attractive choice, since it can produce profits in a short amount of time you could not produce with gold.

And it can be an option as well to take them both -Bitcoin and Gold. While Bitcoin is heated up, smart investors have taken advantage of the situation, so instead of putting more funds into Gold, they are staking more on Bitcoin. Perhaps, it was a prevailing opportunity that most people wanted as acquiring Bitcoin could possibly make them rich. While many individuals are showing huge profits experience from investing in Bitcoin, the more it drives people to try.

Both are actually good investments to avoid inflation, so even if you are rich or not, having an alternate investment is a huge advantage. It's still good to invest in gold cause it also increases its value in the long term plus the supply and demand, and we know that gold has a short supply. But we know that Bitcoin's features, especially in the current market that is increasing value, take people's interest and attention. Knowing Bitcoin's potential, especially in a long-term investment wouldn't be so bad to start even if it is in the process of reaching ATH, there's a DCA method that could help you to accumulate if it's too big to invest in huge amounts. But for sure if you started at a bear market, you would already profit, and if you hold for that long and Bitcoin reached a new ATH, for sure you would already be rich.

_BlackStar

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Quote from: terrific on November 20, 2023, 05:08:55 PM

Quote from: _BlackStar on November 19, 2023, 03:33:14 PM

-snip-

Yes, it had dropped for a while but I am still uncertain that the fees will increase again. But this is just a week that we're experiencing it and I think that we're about to see the lowest again soon.

Transaction fees will never be stable over time and will continue to fluctuate depending on how many transactions fill the mempool. I'm not at all surprised that transaction fees will become more expensive in the future - but there are positive indications that there may be a correlation between transaction fees and price increases.

Moreover - check the transaction fees before you broadcast so as not to be delayed by low fees: https://mempool.space/
So far it's hard to expect transaction fees to drop to 1 sat/byte - I can imagine that won't happen until later this year. But again - expensive transaction fees will not completely hinder the real use case of bitcoin.

terrific

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Quote from: mich on November 21, 2023, 02:13:13 AM

Ark Invest has now submitted its third amendment to the Bitcoin ETF filing. The deadline to file them is in January and Bloomberg experts think there is a 90% chance of a spot Bitcoin ETF approval.

https://ark-invest.com/

https://www.binance.com/en/feed/post/310058192281

As much as I want to think positively and believe on the experts speculation and estimation about what is percentage rate of the approval.
I do not want to be wholly dependent on my feelings on them.
I want it to get approved and if it does, might be before or close to the halving date.

Questat

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Quote from: Silberman on November 13, 2023, 08:24:33 AM

Quote from: CoinFoxs on November 13, 2023, 06:48:12 AM

There is no doubt in that the bitcoin is best for investment as today bitcoin is at it’s lowest price and in future it will go to 50-60K usdt but there is a high risk associated with bitcoin while in case of gold the price is more stable so investor always prefer a stable thing to invest.

The needs of every investor are different, there are some investors that do not have as their priority to produce more wealth and what they want more than anything is to just preserve it, and gold can be a good way to do this as gold over the long term can track inflation and beat it, however for those that are still looking to increase their wealth then there is no doubt that an asset like bitcoin is a very attractive choice, since it can produce profits in a short amount of time you could not produce with gold.

And it can be an option as well to take them both -Bitcoin and Gold. While Bitcoin is heated up, smart investors have taken advantage of the situation, so instead of putting more funds into Gold, they are staking more on Bitcoin. Perhaps, it was a prevailing opportunity that most people wanted as acquiring Bitcoin could possibly make them rich. While many individuals are showing huge profits experience from investing in Bitcoin, the more it drives people to try.

Altryist

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Quote from: Minor Miner on November 21, 2023, 12:25:20 AM

Indeed, if we talk about profits, altcoins clearly dominate bitcoin and it is not a bad choice, but it is confusing that so many people hate it and even hate those who invest in altcoins. Each person's goal when entering this market is different, so there will be different choices, just because others don't make the same choices as us, we discriminate and criticize them. Is what we are doing right?

Why don't we invest mainly in bitcoin and only spend a small part in altcoins to find our own luck? Many people have changed their lives thanks to altcoins, not just bitcoin. Just as many people became rich by investing in gold and stocks, but many bitcoin investors believe that such investments are useless.

2023 was not the best year for altcoins and Bitcoin showed that it is a much better investment. Some altcoins were also able to grow well, but Bitcoin did not outperform so many altcoins to be able to generalize their results.

I think that as long as Bitcoin moves towards the new ATH, the situation will not change much, the result of Bitcoin will still be better than that most of altcoins, and only after that altcoins will catch up. You can use this if you can, Bitcoin always rises first.

mich

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Ark Invest has now submitted its third amendment to the Bitcoin ETF filing. The deadline to file them is in January and Bloomberg experts think there is a 90% chance of a spot Bitcoin ETF approval.

https://ark-invest.com/

https://www.binance.com/en/feed/post/310058192281

Minor Miner

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Quote from: Xal0lex on November 20, 2023, 05:15:53 PM

Quote from: Kuntus on November 20, 2023, 04:57:26 PM

Bitcoin as we know is often considered a relatively more stable and established choice compared to many altcoins. It has been around the longest, has a larger market capitalization, and is widely recognized as a store of value. Many investors see Bitcoin as a foundational asset in their portfolios, especially for its potential to serve as a hedge against inflation. Whatever the case maybe the decision lies solely with the investor as we know individual preference differs, risk tolerance and investment goals.

Depends on what kind of choice we're talking about. If we are talking about long-term investments, then of course bitcoin has a preference. And if we are talking about possible quick and good earnings, then altcoins win here. The main thing in investing in altcoins is to sell them in time.

Indeed, if we talk about profits, altcoins clearly dominate bitcoin and it is not a bad choice, but it is confusing that so many people hate it and even hate those who invest in altcoins. Each person's goal when entering this market is different, so there will be different choices, just because others don't make the same choices as us, we discriminate and criticize them. Is what we are doing right?

Why don't we invest mainly in bitcoin and only spend a small part in altcoins to find our own luck? Many people have changed their lives thanks to altcoins, not just bitcoin. Just as many people became rich by investing in gold and stocks, but many bitcoin investors believe that such investments are useless.

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Quote from: danadc on November 14, 2023, 11:26:35 AM

Well, it's not just the investor, but the most intelligent investors, apparently some don't understand that elbicoin is the best investment of all, they can't realize that fiat money is a big bubble, that's not the bubble. the bitcoin, many go to fiat money as the best option because they feel the support, and there is no support, the real dollar is not backed by gold bars as they make everyone believe, no, fiat money like the The dollar is alone, the more bills continue to be printed, the more debt and the more inflation, that's where bitcoin laughs, and how it is doing.

actually financial literacy is not that difficult, what we have to understand is that the value of a fiat today will not be the same as the value of a fiat in the next 10 years, while the value of bitcoin against the dollar will continue to rise in the next 10 years

Bitcoin is an investment choice for wise investors. Bitcoin doesn't have real physical value, but everyone in the world can have it, even investors who only have small capital, unlike property, shares or gold

don't ever think that bitcoin will die in the future, remember, bitcoin has become a part of humanity today and will never disappear from this earth

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Quote from: Kuntus on November 20, 2023, 04:57:26 PM

Bitcoin as we know is often considered a relatively more stable and established choice compared to many altcoins. It has been around the longest, has a larger market capitalization, and is widely recognized as a store of value. Many investors see Bitcoin as a foundational asset in their portfolios, especially for its potential to serve as a hedge against inflation. Whatever the case maybe the decision lies solely with the investor as we know individual preference differs, risk tolerance and investment goals.

Depends on what kind of choice we're talking about. If we are talking about long-term investments, then of course bitcoin has a preference. And if we are talking about possible quick and good earnings, then altcoins win here. The main thing in investing in altcoins is to sell them in time.

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Quote from: _BlackStar on November 19, 2023, 03:33:14 PM

but currently the recommended transaction fees are already quite low compared to a day or two ago.

Yes, it had dropped for a while but I am still uncertain that the fees will increase again. But this is just a week that we're experiencing it and I think that we're about to see the lowest again soon.

Quote from: ?? on ??

Therefore Bitcoin is the right choice to invest for future financial freedom.

It is the right choice for those that know it. We can say that it can make someone financially free in the future but it all depends on how much capital that he's got.
Before $100 can make you rich if you came in during the earliest time of Bitcoin and then just sold it after the times it had reached its peak. But this time, you calculate and double it and that's what you'll get as your profit if the price doubles as well.

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Bitcoin as we know is often considered a relatively more stable and established choice compared to many altcoins. It has been around the longest, has a larger market capitalization, and is widely recognized as a store of value. Many investors see Bitcoin as a foundational asset in their portfolios, especially for its potential to serve as a hedge against inflation. Whatever the case maybe the decision lies solely with the investor as we know individual preference differs, risk tolerance and investment goals.

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Quote from: glendall on November 19, 2023, 08:38:06 AM

there are many reasons why many investors invest in bitcoin, the main reason is definitely the profit provided by bitcoin itself,
and this has also spread among young people who are aware of technology and digitalization.
But here we also have to be prepared for the risks presented by Bitcoin itself
Even though Bitcoin is the best investment, it cannot be denied that there are still many fans of fissile gold

Everyone certainly has their preferred way of investing, in the current era of technological development, choosing to invest in Bitcoin is indeed the right choice to make a profit, but investing in Bitcoin certainly carries the risk of losses that we will experience if we don't have the knowledge. about the investments we make, so it is important for us before starting to invest to learn first about the knowledge about how to make a profit and also how to avoid the risk of loss that we will incur and must be able to resolve the risks we face.

_BlackStar

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Quote from: Blitzboy on November 19, 2023, 12:29:46 PM

Quote from: dezoel on November 18, 2023, 10:36:55 AM

-snip-

Bitcoin's high transaction fees are annoying. What's interesting, though, is that it goes beyond fees. Trust, security, and history matter. Bitcoin, the crypto pioneer, has a track record despite its problems! Altcoins' lower costs and faster transfers are intriguing. Can they equal Bitcoin's durability and popularity? Not yet.

Bitcoin and altcoins are not comparable - although some altcoins also have real use cases. Bitcoin is the best for its security and decentralization - but crypto users are never prohibited from using altcoins to get lower transaction fees as long as bitcoin transaction fees are expensive.

Quote from: Blitzboy on November 19, 2023, 12:29:46 PM

Consider that Bitcoin's annoyingly high fees reflect its value and demand. Like a packed restaurant, customers complain about the wait yet wait because the food is good. Bitcoin is the crypto world's trusted restaurant. Altcoins? They're like new restaurants - exciting but untested. Diversifying into altcoins is smart, but ignoring Bitcoin's long-term value is stupid. Bitcoin delivers stability, trust, and more than fees.

The current increase in transaction fees is not due to just high demand for bitcoin - but ordinal transactions have actually affected the mempool causing many confirmation delays, mempool becoming congested.

Of course, this does not necessarily hinder the use cases of bitcoin and situation like this will also encourage more adoption of the use of the lightning network for transaction. It might make sense not to pay for something with bitcoin as long as the transaction fees are very expensive - but currently the recommended transaction fees are already quite low compared to a day or two ago.

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Quote from: dezoel on November 18, 2023, 10:36:55 AM

Quote from: Silver005 on November 12, 2023, 12:19:31 PM

One of the main reasons investors choose Bitcoin over other investment options is its potential for high returns. Bitcoin has experienced dramatic price increases since its inception, and it has the potential to continue to grow in value. For example, in 2017, the price of Bitcoin increased by over 1,500%, and even with the recent downturn in the market, the price is still significantly higher than it was just a few years ago. While there is no guarantee of future returns, Bitcoin's track record makes it an attractive option for investors who are willing to take on some risk.

As Bitcoin has gained popularity and recognition, it has become the choice of many investors looking to diversify their portfolios. Bitcoin is often seen as a store of value, similar to gold or other precious metals, due to its scarcity and the fact that it is not controlled by any central authority. In addition, Bitcoin has a number of advantages over traditional investments, such as its global reach, low transaction fees, and the ability to be stored and transferred securely. These factors, along with the potential for significant returns, have made Bitcoin an attractive option for many investors...

For the many yes but there are some who thinks BTC is not going to grow huge anymore. This is why they choose new cryptos instead. If they are an investor who mostly invest in traditional assets yes, they can only consider BTC as an addition but for someone who originated in crypto. BTC is their primary investment. If they want to diversify, this is where they can grab some altcoins and tokens.

I agree to some of the advantages that you mentioned there but not to the transaction fee. Aren't you aware of the complaints lately of the people about the high transaction fee in BTC? Even if the situation normalizes, I still won't say that BTC has a cheap transaction fee. I think this is the reason why we have alternative coins to fix some of the flaws and lack of Bitcoin.

Bitcoin's high transaction fees are annoying. What's interesting, though, is that it goes beyond fees. Trust, security, and history matter. Bitcoin, the crypto pioneer, has a track record despite its problems! Altcoins' lower costs and faster transfers are intriguing. Can they equal Bitcoin's durability and popularity? Not yet. Consider that Bitcoin's annoyingly high fees reflect its value and demand. Like a packed restaurant, customers complain about the wait yet wait because the food is good. Bitcoin is the crypto world's trusted restaurant. Altcoins? They're like new restaurants - exciting but untested. Diversifying into altcoins is smart, but ignoring Bitcoin's long-term value is stupid. Bitcoin delivers stability, trust, and more than fees.

glendall

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there are many reasons why many investors invest in bitcoin, the main reason is definitely the profit provided by bitcoin itself,
and this has also spread among young people who are aware of technology and digitalization.
But here we also have to be prepared for the risks presented by Bitcoin itself
Even though Bitcoin is the best investment, it cannot be denied that there are still many fans of fissile gold

dezoel

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Quote from: Silver005 on November 12, 2023, 12:19:31 PM

One of the main reasons investors choose Bitcoin over other investment options is its potential for high returns. Bitcoin has experienced dramatic price increases since its inception, and it has the potential to continue to grow in value. For example, in 2017, the price of Bitcoin increased by over 1,500%, and even with the recent downturn in the market, the price is still significantly higher than it was just a few years ago. While there is no guarantee of future returns, Bitcoin's track record makes it an attractive option for investors who are willing to take on some risk.

As Bitcoin has gained popularity and recognition, it has become the choice of many investors looking to diversify their portfolios. Bitcoin is often seen as a store of value, similar to gold or other precious metals, due to its scarcity and the fact that it is not controlled by any central authority. In addition, Bitcoin has a number of advantages over traditional investments, such as its global reach, low transaction fees, and the ability to be stored and transferred securely. These factors, along with the potential for significant returns, have made Bitcoin an attractive option for many investors...

For the many yes but there are some who thinks BTC is not going to grow huge anymore. This is why they choose new cryptos instead. If they are an investor who mostly invest in traditional assets yes, they can only consider BTC as an addition but for someone who originated in crypto. BTC is their primary investment. If they want to diversify, this is where they can grab some altcoins and tokens.

I agree to some of the advantages that you mentioned there but not to the transaction fee. Aren't you aware of the complaints lately of the people about the high transaction fee in BTC? Even if the situation normalizes, I still won't say that BTC has a cheap transaction fee. I think this is the reason why we have alternative coins to fix some of the flaws and lack of Bitcoin.

Topic: Bitcoin is the Choice of Investors - page 2. (Read 1046 times)