Bitcoin Is The Father After All | Bitcointalksearch.org

GbitG

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Quote from: Patrol69 on September 22, 2023, 11:36:34 PM

Bitcoin is known as the king of cryptocurrencies. There are several reasons why Bitcoin is considered the king of cryptocurrencies. All other coins in the market are not dependent on themselves but are directly or indirectly dependent on Bitcoin. You must have realized by now that when the value of Bitcoin increases, all other coins increase in value, but when there is bad news in the Bitcoin market or the Bitcoin market begins to pray downwards, then all other coins in the market start going down.

Bitcoin market green means all other coins in the market are positive, Bitcoin market red means the entire market is red. That's why people trust Bitcoin so much and invest in Bitcoin.

Bitcoin has truly disrupted the traditional world of finance and introduced a new and revolutionary concept of financial freedom. Bitcoin has accomplished something that humanity has not witnessed for centuries, which makes it truly remarkable. His ability to stand up even in the midst of controversy is a testament to his unique qualities.

Moreover, when it comes to competing with Bitcoin, many altcoins have tried but failed to dethrone it. It is accurate to say that Bitcoin is the king of the cryptocurrency realm, and it seems that no one can challenge the king's dominance.

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Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

It is interesting to know that large number of Bitcoin and none Bitcoin holders are looking forward to 2024/2025. This is the year which so many experts has predicted to be the halving season, where price of Bitcoin will definitely hit a higher price due to scarcity.
You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.
In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.
So what's your opinion ?

Most of the people who are long term holders are waiting for the year 2024 and 2025 because if you do speculation according to history, it can be seen that Bitcoin halving will start in 2024 and there may be a bull run around the year 2025 although, with 100% guarantee, no one can speculate about the cryptocurrency market.
And yes, the price of Bitcoin influences the entire crypto market, it is called Bitcoin Dominance. There may be various reasons behind this. First of all, alternative coins are influenced by Bitcoin, so there is a fact in this case. Then again many times many alternatives do Bitcoin with Trading Pairs in this case when the price of Bitcoin increases or the price decreases then the effect comes here. Basically Bitcoin influences the whole crypto currency. Like in real life we are influenced by many people like superstars. Bitcoin is the superstar of crypto industry.

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Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

It is interesting to know that large number of Bitcoin and none Bitcoin holders are looking forward to 2024/2025. This is the year which so many experts has predicted to be the halving season, where price of Bitcoin will definitely hit a higher price due to scarcity.

You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.

So what's your opinion ?

I think that, in general, btc is the main cryptocurrency at the moment. Btc price fluctuations determine the overall cryptocurrency market dynamics, so that's why halving is an important event in cryptocurrency market, and all the other cryptocurrency prices are also dependent on btc halving. As for 2024/2025 season... I don't think that prices will rise dramatically, though there may be some serious price leaps...

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Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

It is interesting to know that large number of Bitcoin and none Bitcoin holders are looking forward to 2024/2025. This is the year which so many experts has predicted to be the halving season, where price of Bitcoin will definitely hit a higher price due to scarcity.

Halving is coming in the year 2024 but before that we are still going to experience the market pumping gradually till we are closer to the 2020 all time high of $68,000 after the Halving next year, the market will appear so volatile and there will be more of pumps and dumps on the market while we keep having some new heights on bitcoin market price value till we attain the highest peak above $68,000 also after the Halving next year or beyond.

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Quote from: MFahad on September 24, 2023, 11:41:37 AM

Quote from: Patrol69 on September 22, 2023, 11:36:34 PM

Bitcoin is known as the king of cryptocurrencies. There are several reasons why Bitcoin is considered the king of cryptocurrencies. All other coins in the market are not dependent on themselves but are directly or indirectly dependent on Bitcoin. You must have realized by now that when the value of Bitcoin increases, all other coins increase in value, but when there is bad news in the Bitcoin market or the Bitcoin market begins to pray downwards, then all other coins in the market start going down.

Bitcoin market green means all other coins in the market are positive, Bitcoin market red means the entire market is red. That's why people trust Bitcoin so much and invest in Bitcoin.

Bitcoin's price is not dependent on any coins but other Coin's price are related to dumping and pumping of bitcoin therefore buyers are always in wait of dumping to find an opportunity for their revenue investment.

Another reason is that volatility does not effect bitcoin as much as it effects other currencies and effects are not se adverse that it totally disappear bitcoin like that of other coins. Whenever bad things happens in market people loss their believe in selected coins but their trust remains strong on bitcoin as past describes everything.

And this can be easily corroborated with a correlation analysis, and we can see that even the biggest altcoins that exist depend on bitcoin to go up in price, and while the correlation is not perfect, it is definitely there.

This is why it makes very little sense to try to invest in high risk coins right now when bitcoin is not ready to go up in value, however once the halving happens and the bull run is in place then anyone ready to take their chances with altcoins will have better chances of actually making money with their investment.

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Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.

So what's your opinion ?

The price of bitcoin has a big influence to the price of other coins that is why bitcoin is known to be the king of cryptocurrency. People who are investing in altcoins are waiting to see the rise of bitcoin because it will definitely be an advantage to them. If their is no bitcoin, their won't be any cryptocurrency.

I think with this evidence of bitcoin influencing the price of other cryptocurrency should be the reason why people must invest in bitcoin, it is the most reliable coin to invest, other coin are imitation of bitcoin.

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Quote from: Patrol69 on September 22, 2023, 11:36:34 PM

Bitcoin is known as the king of cryptocurrencies. There are several reasons why Bitcoin is considered the king of cryptocurrencies. All other coins in the market are not dependent on themselves but are directly or indirectly dependent on Bitcoin. You must have realized by now that when the value of Bitcoin increases, all other coins increase in value, but when there is bad news in the Bitcoin market or the Bitcoin market begins to pray downwards, then all other coins in the market start going down.

Bitcoin market green means all other coins in the market are positive, Bitcoin market red means the entire market is red. That's why people trust Bitcoin so much and invest in Bitcoin.

Bitcoin's price is not dependent on any coins but other Coin's price are related to dumping and pumping of bitcoin therefore buyers are always in wait of dumping to find an opportunity for their revenue investment.

Another reason is that volatility does not effect bitcoin as much as it effects other currencies and effects are not se adverse that it totally disappear bitcoin like that of other coins. Whenever bad things happens in market people loss their believe in selected coins but their trust remains strong on bitcoin as past describes everything.

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Quote from: hd49728 on September 22, 2023, 11:09:29 PM

Quote from: legendbtc on September 22, 2023, 10:59:42 PM

If they can invest in other coins, why can't they buy bitcoin? It's not that they can't afford to buy bitcoin, they're simply greedy and think that bitcoin doesn't bring significant profits so they choose to invest in altcoins. But they need to be careful because not all altcoins will increase in price with bitcoin, the bull season is still very far away and many altcoins will continue to disappear before the bull season really comes.

When they invest money in cryptocurrency market, a first cryptocurrency they must invest in should be Bitcoin. It is even not enough, their biggest part of investment should be used to buy Bitcoin. The minority of their capital can be used to buy altcoins.

Because altcoins are more risky than Bitcoin and if an investor focuses on protecting capital first, they will not use most of capital for altcoins. Unfortunately in reality, most of investors are not interested in Bitcoin and they fall in love with altcoins. Most or all of their capital are for altcoins and with destiny of altcoins is likely dead, they lose most of their capital.

Investors today seem to ignore the factor of capital preservation before thinking about profits, so they rush to put most of their assets into altcoins instead of investing only a small portion in those risky projects. And that's also why we'll see altcoins will always exist and more and more projects will be created because the demand for them is actually getting bigger and bigger. Everyone wants to get rich quickly instead of slowly and accumulate wealth through bitcoin.

Quote from: hd49728 on September 22, 2023, 11:09:29 PM

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Even if you spend money on potential altcoins, there are no guarantees, so don't count on free coins from a bounty campaign. Things have changed a lot, free coins from bounty campaigns are trash these days. Holding on for long periods of time is pointless.

Potential altcoins is a very promising term to attract altcoin investors but with each bear market, many potential altcoins die. We will see more potential altcoins in 2024 and 2025 but in 2026 and 2027, most of them will die again like previous cycles.

I also invest in altcoins and if I'm being frank, I'm gambling there, not investing. The altcoin market is a place for speculation and gambling rather than investment, so I only invest with a small amount of capital and if I choose the wrong project, it will not seriously affect me.

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Quote from: hd49728 on September 22, 2023, 11:09:29 PM

Quote from: legendbtc on September 22, 2023, 10:59:42 PM

If they can invest in other coins, why can't they buy bitcoin? It's not that they can't afford to buy bitcoin, they're simply greedy and think that bitcoin doesn't bring significant profits so they choose to invest in altcoins. But they need to be careful because not all altcoins will increase in price with bitcoin, the bull season is still very far away and many altcoins will continue to disappear before the bull season really comes.

When they invest money in cryptocurrency market, a first cryptocurrency they must invest in should be Bitcoin. It is even not enough, their biggest part of investment should be used to buy Bitcoin. The minority of their capital can be used to buy altcoins.

Some investers are aiming for more profit regardless of the risk. Since Bitcoin profit isn't as huge as before, many investors wanted to duplicate the profit taken by other investors that get lucky on investing in altcoins.

Quote

Because altcoins are more risky than Bitcoin and if an investor focuses on protecting capital first, they will not use most of capital for altcoins. Unfortunately in reality, most of investors are not interested in Bitcoin and they fall in love with altcoins. Most or all of their capital are for altcoins and with destiny of altcoins is likely dead, they lose most of their capital.

It is true altcoins are more risky than Bitcoin but altcoins today offers way more profit than the Bitcoin market can offer. Investors does not mind if the altcoin's end is being worthless bacause they aim to get in early and when the price skyrocketed dump their holding to the newcomers.

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Quote from: pooya87 on September 20, 2023, 09:28:04 AM

Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

where price of Bitcoin will definitely hit a higher price due to scarcity.

Not because of scarcity (since bitcoin supply is always increasing) but because of less new-sell-pressure as miners will have less income and they will be able to sell less freshly mined coins in the market.

Quote

You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

Bitcoin price rise actually leads to altcoin dumps but what altcoin trades hope for is that as bitcoin starts rallying it will attract a lot of capital, some part of that capital can also go into the altcoin market and help pump some of the shitcoins they are bag holding.

I'm having a strong feeling that the next bull market will not see significant surge in price for altcoins. I can be wrong but check Bitcoin dominance to see that it has been on the rise since last year. Perhaps, many people are coming to terms with the fact that Bitcoin is the future. So I agree with you that Bitcoin price rise leads to altcoins dump.

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Quote from: RockBell on September 23, 2023, 07:39:34 AM

Quote from: Patrol69 on September 22, 2023, 11:36:34 PM

Bitcoin is known as the king of cryptocurrencies. There are several reasons why Bitcoin is considered the king of cryptocurrencies. All other coins in the market are not dependent on themselves but are directly or indirectly dependent on Bitcoin. You must have realized by now that when the value of Bitcoin increases, all other coins increase in value, but when there is bad news in the Bitcoin market or the Bitcoin market begins to pray downwards, then all other coins in the market start going down.

Bitcoin market green means all other coins in the market are positive, Bitcoin market red means the entire market is red. That's why people trust Bitcoin so much and invest in Bitcoin.

Because Bitcoin was the first cryptocurrency and the gateway for other currencies, other altcoins are fully dependent on Bitcoin, and if anything happens to Bitcoin, other cryptocurrencies will be affected in some way, and watching what is happening in the market, if anything happens in terms of news either good or bad news, its effect will be seen in the entire market. Despite the fact that the nature of Bitcoin has boosted its value, people still choose to deal with Bitcoin since it is safe and can withstand any type of obstacle as when compared to others that are susceptible. and even for a very long time, bitcoin will continue to be king because the color will still be determined by the king.

Well, we can hope for Bitcoin to be the king forever, or at least until we are alive. However, the world keeps changing and so does the technology, it keeps getting advanced and even though we might think there can't be a better thing than Bitcoin and blockchain technology, the time will surely surprise us and the whole world might see a new innovation better than this. For now, it doesn't seem possible and we will keep saying Bitcoin is the king.

The reason why Bitcoin leads the charge is because whenever the market conditions start changing, people react very quickly with both Bitcoin and altcoins that they are holding. If they see the market is going up, they start buying both Bitcoin and altcoins, and the same happens when the market starts going down.

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Quote from: MFahad on September 21, 2023, 02:07:49 PM

Actually the other crypto coins are related with the price of bitcoin so those who cannot make investment in Bitcoin have bought some other coins therefore they are waiting for next Bull season to take benefit from it.

If the price of bitcoin increases there will be a good move in each activity of crypto because the market will enhances in price so one will easily get benefit if they already have made some investment previously.
Some individuals don't have made any investment but they are getting tokens from bounties so they are in hope that during Bull season there tokens will increases in price and they will take profit through this opportunity.

many tokens from the bounty will just be useless trash tokens. Even the top Altcoins still have the risk of being scammed, let alone new Altcoins that are not clear. The bull run season is coming soon but are we ready with the assets we know?
don't hold onto altcoins that don't have any potential. Because if bitcoin goes up an altcoin that doesn't have good development won't follow the market price, it will just be abandoned.

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Quote from: fuguebtc on September 23, 2023, 05:16:32 AM

Quote from: Patrol69 on September 22, 2023, 11:36:34 PM

Bitcoin is known as the king of cryptocurrencies.

For me, Bitcoin is not only the father of all altcoins, bitcoin is also the king of the entire cryptocurrency industry and if the king cannot survive, the country's survival will also be very difficult to maintain.

Up to now, we can see many new projects being born and always wanting to declare war on ETH and always wanting to become a replacement for ETH. But do we see any projects daring to challenge bitcoin's throne? I've never seen a project have the courage to claim that. That shows us the true power that bitcoin is dominating the market.

Bitcoin is a revolution, not just a digital asset. Its inception set off a wave that altered our perspective on finance. While several cryptocurrencies strive to become the next Ethereum, none have the guts to compete with Bitcoin. How come? Power is the simple solution. It is impossible to dispute Bitcoin's enormous power. But where there is power, there is resistance, as history has demonstrated. Do not believe that Bitcoin's dominance is uncontested. Though they may not openly state their goals, there are actors in the background and hidden forces at work who are surely preparing their moves. We are merely onlookers as a silent game of chess is being played.

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Quote from: Patrol69 on September 22, 2023, 11:36:34 PM

Bitcoin is known as the king of cryptocurrencies. There are several reasons why Bitcoin is considered the king of cryptocurrencies. All other coins in the market are not dependent on themselves but are directly or indirectly dependent on Bitcoin. You must have realized by now that when the value of Bitcoin increases, all other coins increase in value, but when there is bad news in the Bitcoin market or the Bitcoin market begins to pray downwards, then all other coins in the market start going down.

Bitcoin market green means all other coins in the market are positive, Bitcoin market red means the entire market is red. That's why people trust Bitcoin so much and invest in Bitcoin.

Because Bitcoin was the first cryptocurrency and the gateway for other currencies, other altcoins are fully dependent on Bitcoin, and if anything happens to Bitcoin, other cryptocurrencies will be affected in some way, and watching what is happening in the market, if anything happens in terms of news either good or bad news, its effect will be seen in the entire market. Despite the fact that the nature of Bitcoin has boosted its value, people still choose to deal with Bitcoin since it is safe and can withstand any type of obstacle as when compared to others that are susceptible. and even for a very long time, bitcoin will continue to be king because the color will still be determined by the king.

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Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

It is interesting to know that large number of Bitcoin and none Bitcoin holders are looking forward to 2024/2025. This is the year which so many experts has predicted to be the halving season, where price of Bitcoin will definitely hit a higher price due to scarcity.

Scarcity can indeed cause an asset like Bitcoin to experience a greater increase in price if the number of people interested in it starts to continue to increase at that moment. That is why experts say that Bitcoin holders are really looking forward to 2024/2025, because maybe that year is very vulnerable to the profits that many people can get, especially those who like to hold Bitcoin.

Quote

You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.

The influence of increasing Bitcoin prices in the market will always be there for other cryptocurrencies because this has also happened before when Bitcoin increased and reached ATH in 2021. So the effectiveness of the Bitcoin price is indeed very large for other cryptocurrencies and market conditions because when all prices is in the green zone, as if everything has changed for the better in the market.

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Quote from: Patrol69 on September 22, 2023, 11:36:34 PM

Bitcoin is known as the king of cryptocurrencies.

For me, Bitcoin is not only the father of all altcoins, bitcoin is also the king of the entire cryptocurrency industry and if the king cannot survive, the country's survival will also be very difficult to maintain.

Up to now, we can see many new projects being born and always wanting to declare war on ETH and always wanting to become a replacement for ETH. But do we see any projects daring to challenge bitcoin's throne? I've never seen a project have the courage to claim that. That shows us the true power that bitcoin is dominating the market.

Latviand

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Thanks for putting what everyone knows already on a post, pretty sure that's the only reason why people that don't use bitcoin are still on the lookout for news in the bitcoin space. I'd also like to point out to you that if you actually get out of the bitcoin bubble/echo chamber, you would know that there's still not a lot of people that knows about bitcoin.

Patrol69

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Bitcoin is known as the king of cryptocurrencies. There are several reasons why Bitcoin is considered the king of cryptocurrencies. All other coins in the market are not dependent on themselves but are directly or indirectly dependent on Bitcoin. You must have realized by now that when the value of Bitcoin increases, all other coins increase in value, but when there is bad news in the Bitcoin market or the Bitcoin market begins to pray downwards, then all other coins in the market start going down.

Bitcoin market green means all other coins in the market are positive, Bitcoin market red means the entire market is red. That's why people trust Bitcoin so much and invest in Bitcoin.

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Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

It is interesting to know that large number of Bitcoin and none Bitcoin holders are looking forward to 2024/2025. This is the year which so many experts has predicted to be the halving season, where price of Bitcoin will definitely hit a higher price due to scarcity.

You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.

So what's your opinion ?

We all know that the price of Bitcoin will reach a high in 2024/25. But I can't say for sure if people are holding their bitcoins and waiting for the bull. However, most investors predict that after the Bitcoin halving, the price will go to a higher level and Bitcoin will once again make its history. Moreover, I believe that Bitcoin investors are holding their Bitcoins for the time being, until Bitcoin sees ATH in the market. A large number of Bitcoin investors have held on only to sell in a bull market, but many people currently sell their Bitcoins instead of waiting. Because people are not holding bitcoins to meet their money needs, but they are selling them to run their daily lives. However, for those investors who are currently holding Bitcoin, good times are definitely waiting, Bitcoin will bring great value soon as we see the market power.

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Quote from: legendbtc on September 22, 2023, 10:59:42 PM

If they can invest in other coins, why can't they buy bitcoin? It's not that they can't afford to buy bitcoin, they're simply greedy and think that bitcoin doesn't bring significant profits so they choose to invest in altcoins. But they need to be careful because not all altcoins will increase in price with bitcoin, the bull season is still very far away and many altcoins will continue to disappear before the bull season really comes.

When they invest money in cryptocurrency market, a first cryptocurrency they must invest in should be Bitcoin. It is even not enough, their biggest part of investment should be used to buy Bitcoin. The minority of their capital can be used to buy altcoins.

Because altcoins are more risky than Bitcoin and if an investor focuses on protecting capital first, they will not use most of capital for altcoins. Unfortunately in reality, most of investors are not interested in Bitcoin and they fall in love with altcoins. Most or all of their capital are for altcoins and with destiny of altcoins is likely dead, they lose most of their capital.

Quote

Even if you spend money on potential altcoins, there are no guarantees, so don't count on free coins from a bounty campaign. Things have changed a lot, free coins from bounty campaigns are trash these days. Holding on for long periods of time is pointless.

Potential altcoins is a very promising term to attract altcoin investors but with each bear market, many potential altcoins die. We will see more potential altcoins in 2024 and 2025 but in 2026 and 2027, most of them will die again like previous cycles.

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