Topic: Bitcoin is the smart choice not the entire crypto industry (Read 664 times)

Thats very much true. If you see historic price chart of Bitcoin then its very much clear that bitcoin started it journey from 0$ in 2009 and today standing firmly at 17k. In his decade old journey it has seen ATH of 67k$ also. Can we name any alt that has such price history? No we cant. I am including history of bitcoin price (in the form of chats) that very much sums up why Bitcoin is the best option to invest over alts.



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Bitcoin is not only the smartest but also the safest option. Don't consider the entire crypto market; all others are like gambling, with the majority of gamblers losing money. Some altcoins never regain their value. But Bitcoin is not like them. If you look at the Bitcoin chart, you will notice that it is repeating history, which most altcoins have never done. Recent new projects, as far as I can tell, are completely useless. It's a fucking embarrassment to include them in the crypto industry. They are simply filling their pockets by launch a new altcoin.

For Bitcoin crypto investment assets, it is the main asset for investors and so far there have been many investors who have adopted bitcoin. It can also be seen that the total market supply is starting to run low.
What's more, Bitcoin is the most basic and important asset in the world of cryptocurrency. The price of bitcoin itself has a big influence on almost all altcoin prices that are spread on the market.
As for altcoins, I recommend buying ETH because ETH is the second largest altcoin and the 2nd most trusted crypto asset after Bitcoin itself.

There appears to be solid support for bitcoins from many of you, but I want you to answer this question - Where is the value of bitcoin?  Presently it only is perceived value, not any tangible value (like gold, silver, copper, jewels, oil, etc.) Boil it down, and in reality it is just a bunch of 1s and 0s stuck in some computer chip somewhere on earth. Let's talk reality here folks, not some dope-induced pipe dream from your virtual reality consciousness.  Where is the value of a bitcoin? Is it the fact that it consumes a lot of energy to mine one and prove the crypto hash for more blocks in the chain?  The energy wasted is certainly valuable, but what is the result? (wasted energy). Can not we use other cryptocurrencies (altcoins) to do the same blockchain jobs much more efficiently, consuming less energy?  Or is there only one thing that bitcoin can do better than all the others?  Or is it because it can be traded like stock options or Forex currencies on fragile exchanges all around the globe? What is it? Please help me to understand what is the real value of a bitcoin ??

As Michael Saylor says there is bitcoin community opposite to crypto community and they both dont like eachother. My view (being a member of bitcoin community) is that there is only one decentraliozed coin aka bitcoin rest is centralzied coins, crypto or whatever you call it. There are not many success storeis of invest in shitcoins since even if you get profit at some point, you are deemed to lose it later. But if you invest in bitcoin only then with time you will learn the principles that can give you profit.

The world of cryptocurrency is undoubtedly an exciting and rapidly evolving one, with a variety of different digital assets popping up every day. In this context, it’s easy to lose sight of the fact that Bitcoin is still by far the most popular and its market capitalization dwarfs all other cryptos in comparison.

On its own merits alone, Bitcoin remains an attractive investment option for long-term investors looking for more stable returns. Unlike altcoins which are often prone to extreme price fluctuations due to their smaller user base and less developed infrastructure, Bitcoin has established itself as a leader in the space due to its strong fundamentals. Additionally, recent developments such as the Lightning Network have further enhanced Bitcoin’s suitability as a viable payment platform in addition to being an attractive asset class for large investors.

At the same time however, there are also tangible benefits from investing more widely across different coins when compared to simply sticking with Bitcoin alone. For instance exposure levels may be managed better through diversification among multiple coins rather than focusing on one asset only. Secondly certain projects like Ethereum enable developers much greater flexibility when designing decentralised applications (dapps).  Ultimately whether or not it’s wise to invest solely in Bitcoins depends on one's risk appetite and overall strategy but there can certainly be advantages derived from doing so - just make sure you do your research first!

Bitcoin should be every investor's primary investment in cryptocurrencies, it's proven over time. Bitcoin has the largest user community and it will do better in the future.
But not all altcoins are junk coins, and some can also allow investors to obtain high returns in the short term.

These days while entering the cryptomarket, users does it with better learning. In the past scenario is different, people just enter the market and invest on altcoins in a random manner. As the market get wider, so is the risk of finding the right altcoin. Even now there is misunderstanding between bitcoin and altcoins, just because altcoins have provided with the highest ROI than bitcoin.

Being lucky with cryptocurrency investment happens very rarely, other than being lucky it is a gamble. We need to invest what one can afford to loss, only then we can stay good with the altcoin investment.

Many newbies focused more on other coins aside from bitcoin, this is because they find most of the altcoins attractive and low prices with high expectations from those coins in the future.

They don't mind the risk involved in holding altcoins instead of Bitcoin, most of the altcoins are not suitable for long-term holding, and being a newbie one must be smart enough to avoid and look away from the shitcoins for as long as possible.

Altcoins are not worth investing in.

You're wrong! I'm not trying to separate a part of the huge market from bitcoin, as you do! For me, bitcoin and altcoins are the same thing, of course, bitcoin is of paramount importance, but this does not mean that altcoins are not a cryptocurrency. And you just write as if altcoins don't matter. You have no idea that altcoins also affect Bitcoin, and you are trying to separate a huge part of the market from Bitcoin simply because it seems better to you, but these are conclusions based on nothing.

We separate them because they are indeed different, and by the way you are also doing the same, by thinking in terms of bitcoin and altcoins you are thinking about bitcoin as something different from the rest of the coins in the market, now this may seem unfair to some as there are a few good altcoins out there, however when the majority of altcoins are bad projects then it is easy to understand why people make that distinction between bitcoin and the rest of the coins we have in this market.

Very strange topic name! Why try to separate altcoins from Bitcoin? Both the first and the second are cryptocurrencies! Many altcoins are produced inside the Ethereum network, and they are also cryptocurrencies, and what is the point of separating something that is structurally the same? I think this is wrong!

I will agree with you that bitcoin is the best and safest investment we have on the market. But I also want to tell you that not everyone who invests in altcoins loses, a lot of people have made money and even become rich by investing in altcoins. That's why more people still dared to dive into altcoins than bitcoin. The cryptocurrency market is highly diverse, and everyone has a different choice, let everyone choose the path that is right for them.

Yes, those who invest in Bitcoin to make money are long-term holders, and the big cycle of Bitcoin is also suitable for long-term holding.
It is difficult for people who have not gone through several bull-bear conversions to have such awareness.

First of all, bitcoin does not improve economies, nor does it make us more intelligent, on the other hand, the environment that exists based on Fiat is mediocre due to the individuals who have had decision-making power and control.

 It is not necessary and neither should the discourse be based on the failure of what exists to position or believe that this discourse drives adoption.

It amazes me how many people I see still "investing" in and believing in shitcoins.  However I guess I shouldn't be that surprised being that if people believed in 1% a day guarantees like you saw with Bitconnect, I guess many will believe in just about anything ( and don't learn well from past history).

Anyways I would agree that bitcoin is still assuredly the top coin in it's "area", meaning it's a different type of coin than say Ethereum or Monero.

Yes Bitcoin has never disappointed its long-term holders before because bitcoin will always recover in the long run and make some positive price movement that earns holder good profits, and u have not seen we're anyone ever lose all their money holding Bitcoin.

But then investors must be aware that buying Bitcoin at the wrong time can lead to frustration when the price goes against the buy price e.g, buying Bitcoin when the price is high and expecting to make profits in a short time can lead to frustration, but buying during the dip just like now, can position an investor for quick gain since the market may recover at any point.

I agree, Bitcoin had been proven that its market will give its investors a good profit in the long run.  Even those who had entered on the peak price, Bitcoin often breaks the peak price a year after the halving so there is a chance for these peak price investors to even profit if they just hold their Bitcoins and wait for the market to rally to break the ATH again.

Nobody that can see what is happening in cryptocurrency and happened to put it money altcoin any investment anybody can do more into cryptocurrency is directly 2 bitcoin direct because they know that bitcoin I have a different potential and such potential is something that can make Bitcoin to have more investors

Long term profiting is much connected with bitcoin. The market hype with bitcoin too happens often, but most of the time those are traps. With cryptocurrency, we need to have the patience and the right investment strategy followed. Even now the distribution between users can be seen as the belief over cryptocurrency keeps getting stronger with time.