Topic: Bitcoin the only option left - page 3. (Read 920 times)

Indeed, the best option in this bear situation but that was not the only option left. I support encouraging people to invest in Bitcoin alone but never do we have to reject and decline the potentiality of some altcoins like ETH and BNB as they are known as profitable and trusted altcoins as well. Yeah, we can't just be blind as sometimes investing in altcoins is more profiting than Bitcoin. And we also have to consider this "don't put all your eggs in one basket", we can be ripped off if that happens.

If you don't want to be ripped off in the alt market, don't go to meme coins or tokens.
Would be better if you keep your portfolio within the top alts like ETH or BNB.
With these projects, you are more confident that they have solid backing with known dev teams.
They won't be disappearing without warning to the public. But with meme coins, they can disappear without warning.

Don't look at the memecoins. Most of them will die in this bear market. Eth and other proveo altcoins will survive this bear market just like they survived the last bear market. And it's because they have utility. Memecoins don't have utility, they only have hype that will die fast in the bear market. I'm nit saying that all memecoons will die but 90% of them will. That's why I choose only Bitcoin and few bluechip altcoins to hold.

Agree with what you said, due to the fact that there are still some decent alts, even though the current bearishness is very pronounced for altcoins, but there are some altcoins that are still quite worth it, especially for now.
But indeed, for alts, we also have to be careful because there are so many shitcoins and memecoins that always come almost every day, which makes you sometimes feel that they are quite good even though it is clearly a trap.

I agree with you on the principle that these currencies also deserve attention and that they have broad prospects for development. On the other hand, I don't want to sound too pessimistic, but I don't really like the idea of ​​sanctifying Bitcoin and making it our only hope. I know that it will not collapse and that we currently need it to adjust the market, but we must not forget that it is negative to rely on Bitcoin as the only major component because the hypothesis of collapse is not impossible in an emerging market such as cryptocurrencies.

I disagree! Bitcoin is certainly not the only option available. Their are multiple useful coins available in the market. Personally I am very bullish on ETH, BNB, XRM etc. These are good coins with multiple use cases.

Bitcoin is definitely the pioneer here and the biggest cryptocurrency available till date. I also agree that the rest of the coins usually follow the trend of bitcoin. But when you talk about the only option - nope! It's not the only option!

Bitcoin has proven the best available options left as you've said but not that we should also take the security of our asset with levity, it's investment is far better than other cryptocurrencies, but the rate at which the attacks and scam is going is very discouraging and that creates fears on some users, bitcoin has a good network in place that is built with the blockchain technology whereby everyone uses effectively.

I understand that this is the Bitcoin discussion section of the forum, but I wouldn't write off some of the top (or as people call them bluechip) altcoins. To me personally, Bitcoin is the number 1, but there are also few altcoins that proved themself as useful. You can't say that Ethereum is a shitcoin just because of expensive transactions. It works and has been working for several years without a problem. Do you recall that Ethereum blockchain was shut down at any point?

btc was clearly the first one and brought so many innovations but for real his future is only speculative since now tons of projects are way more interesting and turned on innovation and future than btc. But as it's the mother of cryptos, i think it will keep his place for a long time

We all knew this was coming. Time and again bitcoin has proved its worth to be the best crypto coin both in providing secure blockchain networking, secure investments, as well as a permissible growth. There are definitely some altcoins like tether and ethereum which have potential to rise, but certainly no one can take the place of BTC.

Depending on the time period of the investments and the financial goals one should decide whether to invest in bitcoins or altcoins. Bitcoin is a good investment for long term investment whereas, altcoins are good short-term investments.

Altcoins is also a good alternative aside from bitcoin which also why it was named altcoins after all, but it can be a very challenging task to get that correct coin/s to invest as these coins are more volatile than the bitcoin itself. That said, we still should have our own research before investing in these coins, other than that, I recommend the leading altcoins last year.

People get too carried away with the centralized display of stock exchange charts where when they see a long (red or green) candlestick color, their greed peaks and ignores that more than half of it is not a market scenario. The founders of altcoins are still in touch with these exchanges, and it's hard to say that they are completely clean of the dirty scheme of making as much profit as possible.

Maybe, the decision is up to you. Bitcoin is really the best option but not the only one, you can split your eggs into multiple baskets as long as it suits you.

The market has gone through 13 years of ups and downs, lots of altcoins come and go, but only bitcoin has stood the test of time. As a crypto investor, you should not ignore bitcoin but you can also add some other options, everyone's vision is not the same. As long as you've done your research, you should be confident with your choice.

Of course only bitcoin, from the beginning of its creation until now it is still bitcoin because bitcoin is the first crypto currency in the history of human civilization on this earth, and bitcoin was created to overcome the shortcomings experienced by fiat currency which is always experiencing inflation. Therefore, the creation of bitcoins is limited to only 21 million.
and although many people own multiple coins or other altcoins, most of them still prioritize bitcoin as core, or at least own a few bitcoins, and for other reasons because bitcoin is also a very trusted and safe investment compared to altcoins that come and go and scams too . And it is undeniable that most ordinary people know and see news that crypto or digital money is only bitcoin.

I'm thinking whether I should choose more than one coin for investment or I only need one coin for me to invest for example I only need ethereum coins I don't want any other coins to invest after I think I conclude I only choose one coin i.e I choose coin bnb for my investment, I target to keep it for the next 1 or 2 years.

Cannot agree more.

Switching to PoS to satisfy environmentalists. Worth having though.


Stable coins are shit. Luna showed how useless they are. Why hold something that has dubious backing and follows USD? Just hold USD! At least USD can't go to 0 in 1 week.


Same as number 3


Basically a binance stock. If you trust CZ that much, buy it. I don't trust the guy and I won't invest in his company.


A centralized scam with huge premine that used to promise huge adoption coming in 2013 and 2014 and there's still no adoption and what did Ripple did? They changed CEO from Larsen to Garlinghouse and proceeded like everything was fine.
You buy XRP, you pay wages to the board of directors that do nothing for you.



Created because Hoskinson had a beef with Buterin and thought he can make a better coin. Ultimately both ETH and ADA depend on Bitcoin's success. They are both good but why would you buy something that can fail on its own and also fail if bitcoin fails? Just buy bitcoin!


Same as 3 and 4

A unique coin, but it's the same as with ETH and ADA. It depends on Bitcoin and can really go to 0, like Luna and many other coins did. With Bitcoin you're also taking a risk but if you buy bitcoin today you won't wake up next week with your investment worth -80%, but it can happen with Solana, Dogecoin, BNB and especially with coins like SHIB.


A meme coin, do I have to say more?
Where would DOGE be now without Musk pumping it? What if he changes his mind like he did with bitcoin? Want to put your money on the line and bet on what someone's choices?

Only bitcoin was survived after many hacking after the 1000 dollars price of the bitcoin.Many people lost huge amount of bitcoin in the beginning of 2017.At that people was come to know the real impacts of the bitcoin price over other stock in the investment stock markets.Some of the altcoin was deemed to be the scam one after the few years.Actually we can’t blame direct as scam.It may the reason for the withstanding power of the core investors.

It's true that it's the best option but to say that it's the only option left, I think it's debatable. Although I don't want to argue with any of them as I'm a bullish person on bitcoin and had some few alts on hold. But with all of my hopes are already on bet for bitcoin and I just did some fun diversification with some altcoins. No need to argue about its security as it's truly secured while some PoW altcoins are transitioning into being a PoS, bitcoin remains at best for being PoW.

This is right. I mean we have seen plenty of huge tech companies get to the top first, but then we have started to see something out of nowhere that took over the world, which is tesla.

I mean that's a "car company" to be fair, even though they are not really just a car company, they are actually a tech company too because they are literally working towards cars driving itself, and every single real driver is helping them map the whole world, that is an insane thing but it allows them to get better at self driving cars too, and maybe one day they will make trucks that will ship things all over the world by driving itself, hence why logistics will no longer be a problem, put up some solar panels on the trucks body and you got yourself a great truck that could charge itself and go on a very long road.

It's unreal, but nobody saw that coming did it? We were looking at google, apple, usual regular old boring tech companies that did known and understandable stuff, they are not gone, they are still at the top but we can see how something that is revolutionary can come up and takeover, same could happen in crypto as well.