Topic: Bitcoin the only option left - page 4. (Read 920 times)
Unfortunately today we have aroun 20000 shitcoins. All of them, in one way or another, trying to do the same shit as our current fiat system or miserably trying to mimic Bitcoin. In this case, some may argue that competition is good to keep Bitcoin improving and keeping up with the tech advances and etc. In this case, I think it wouldn't even be needed because Bitcoin simply doesn't care about what other coins try to do. Bitcoin has its own pace, its own needs and if all fiat invested in other coins was in Bitcoin, maybe the volatility was now like smaller by a 10 fold or something like that. Maybe we woul have now more adoption instead of being wasting resources, monetary and human (skills, etc) in scammy projects, centralized, sketchy, shady etc. Then, when people get rekt, the fault is of "crypto" which most people includes Bitcoin in! It's a shame. We need more education, definitely.
Haven't looked at and experienced the cryptocurrency industry for a long time, with all the hacks and crashes that have happened to other cryptocurrencies, Bitcoin has proven to be the only option left for crypto users who are looking forward to both security for both network and investment.
There are many options and there will ever be as long crypto space exists. It's all about people's preferences, and there will never be a time when everyone will all join the bitcoin bandwagon and abandon the altcoins. So many people are not looking out for security or longevity. They are interested in x5, x10 etc.
However, no doubt btc has proven that it is reliable, dependable and consistent. Anyone who cares about security and long-term investment has a perfect opportunity in bitcoin.
...but bitcoin is the right pick if you just want to leave it there and be able to sleep comfortably at night.
And yet, there are hundreds (or even thousands) of people that prefer not to buy a single satoshi and purchase and hold literal useless tokens with food names, dog names, memes and names of billionaries.
Have these people sacrificed their sweet sleep hours in favor of embracing greed or is it a case of credulity?
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People can buy useless tokens and dog coins and still sleep comfortably. It's either they only allocated a very small amount of money (hence they can comfortably lose that money), or they're simply delusionally confident.From a personal point of view: I could not.
I would need to psycholically prepare myself to wake up one morning and see all my investment gone in order to catch some sleep, otherwise I'd spend up till 3 am while watching YT videos.
For some ignorance can be bliss when comes to sh*tcoins,
Have these people sacrificed their sweet sleep hours in favor of embracing greed or is it a case of credulity?
It's mostly the latter combined with gambling tendencies of them.Imagine you are a newcomer who sees bitcoin that is worth tens of thousands of dollars, then someone introduces you to something else that looks like bitcoin but is worth less than a cent. Then they tell you that this new thing is "better" than bitcoin and is going to "surpass" it or at the very least rise the same way bitcoin did only because it's price is so low.
Almost everyone presented with such a lie, accepts it. Partly because they want to believe that they are not "late".
To be honest, something similar happened to me when I was fairly new in the crypto world. I tried to put some dollars in the "next Bitcoin" within the top-20 altcoins, I considered Bitcoin to be too slow and expensive (back then I did not know how to calculate fees by myself). Thankfully later I realized that a few satoshis are more valuable than one billion sh*tcoins, economically and ideologically.
How do we know the next top crypto best to invest in? From the picture, i see BTC, ETH and other stablecoin still remain top to invest throughout this past several years. Maybe your right, investing in them because they are in top this year cannot guarantee that they will still be the next best to invest in.
"Maybe your right"
It's really not even controversial. Even outside the cryptocurrency space like with stocks, you don't know for sure which top companies might under-perform and get replaced by other companies.
Haven't looked at and experienced the cryptocurrency industry for a long time, with all the hacks and crashes that have happened to other cryptocurrencies, Bitcoin has proven to be the only option left for crypto users who are looking forward to both security for both network and investment.
This is highly dependent on what people's preferences are, and what their goals are, so to think that everyone is here to get a secure return on their investment is just not true. The first rule of any investment is never to put all your eggs in one basket. That means diversification of your portfolio. And there are numerous options out there for different types of investing and different goals and needs.
If you think about investing in an altcoin you have to ask yourself what does this coin really offer that bitcoin does not offer. For all the altcoins that I have seen so far this is nothing. Many of them claim to be the better payment solution, but since the adoption in online and offline shops is zero this is all a big lie and will never become reality.
People can also invest in altcoins but have to consider that many altcoins cannot be one investment that can give us a profit.Maybe altcoins can be one of our investments but we must be wise to know when to buy and sell those coins.
It is hoped that doing so can provide good benefits for us, which can help us collect more bitcoins or stable coins.
Altcoins can't be used as a better payment solution because of the fluctuating factor and so is bitcoin.
Don't forget also that aside from Bitcoin, I do believe that these crypto currencies are worth to hold and look forward to based on their market capitalization, or total value of all of the coins in current circulation, which is still best to invest for me this current bear market.
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If that's your thesis — investing in them just because they're in the top 10, then don't be surprised and disappointed if we're going to have a different top 10 next year (outside of BTC, ETH, and stablecoins).
https://coinsources.io/crypto-top10-history/
Don't forget also that aside from Bitcoin, I do believe that these crypto currencies are worth to hold and look forward to based on their market capitalization, or total value of all of the coins in current circulation, which is still best to invest for me this current bear market.
*snip*
*snip*
If that's your thesis — investing in them just because they're in the top 10, then don't be surprised and disappointed if we're going to have a different top 10 next year (outside of BTC, ETH, and stablecoins).
https://coinsources.io/crypto-top10-history/
Haven't looked at and experienced the cryptocurrency industry for a long time, with all the hacks and crashes that have happened to other cryptocurrencies, Bitcoin has proven to be the only option left for crypto users who are looking forward to both security for both network and investment.
it is not left but it is the only one since the beginning mate, Bitcoin will always be the only or should I say the safest and secured currency for us to invest , yes there are some coins that has bright future but the assurance will always be in bitcoin and also the community had proven this already for years now and we will always find this way for bitcoin.
Don't forget also that aside from Bitcoin, I do believe that these crypto currencies are worth to hold and look forward to based on their market capitalization, or total value of all of the coins in current circulation, which is still best to invest for me this current bear market.
1. Bitcoin (BTC)
Market cap: $406.71 billion
2. Ethereum (ETH)
Market cap: $148 billion
3. Tether (USDT)
Market cap: $66 billion
4. U.S. Dollar Coin (USDC)
Market cap: $55 billion
5. Binance Coin (BNB)
Market cap: $39 billion
6. XRP (XRP)
Market cap: $17 billion
7. Cardano (ADA)
Market cap: $17 billion
8. Binance USD (BUSD)
Market cap: $17 billion
9. Solana (SOL)
Market cap: $13 billion
10. Dogecoin (DOGE)
Market cap: $9 billion
*Market caps sourced from coinmarketcap.com, current as of June 27, 2022.
1. Bitcoin (BTC)
Market cap: $406.71 billion
2. Ethereum (ETH)
Market cap: $148 billion
3. Tether (USDT)
Market cap: $66 billion
4. U.S. Dollar Coin (USDC)
Market cap: $55 billion
5. Binance Coin (BNB)
Market cap: $39 billion
6. XRP (XRP)
Market cap: $17 billion
7. Cardano (ADA)
Market cap: $17 billion
8. Binance USD (BUSD)
Market cap: $17 billion
9. Solana (SOL)
Market cap: $13 billion
10. Dogecoin (DOGE)
Market cap: $9 billion
*Market caps sourced from coinmarketcap.com, current as of June 27, 2022.
If you think about investing in an altcoin you have to ask yourself what does this coin really offer that bitcoin does not offer. For all the altcoins that I have seen so far this is nothing. Many of them claim to be the better payment solution, but since the adoption in online and offline shops is zero this is all a big lie and will never become reality.
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Well, it also depends on what you do with your bitcoin. If you happen to leave it on a platform like Celsius to get a shitload of extra interest, you have a high risk of losing your bitcoins, so I would add that safekeeping your bitcoin yourself is the only option left.
In addition, perhaps in this part of the forum we are a bit biased with respect to bitcoin and some altcoins will probably be widely used in the future, but fiat currencies are also widely used and that does not mean that they are good.
In addition, perhaps in this part of the forum we are a bit biased with respect to bitcoin and some altcoins will probably be widely used in the future, but fiat currencies are also widely used and that does not mean that they are good.
Haven't looked at and experienced the cryptocurrency industry for a long time, with all the hacks and crashes that have happened to other cryptocurrencies, Bitcoin has proven to be the only option left for crypto users who are looking forward to both security for both network and investment.
Why is that we realise this fact that Bitcoin is the only reliable option to invest you money in that can guarantee you some profit return in future after we see all other coins are dead? There are many coins but after the pump dump scheme they didnt rise any further and on the other side btc has recovered after such dips also and we feel it's good but it always was.Most of the coins don't stand a chance but if you understand it timely before losing money in other one's. 
Bitcoin is superior and for the long term indeed. It is the first and only one I truly believe in until now since I dived into this industry and came across different coins, tokens, networks, and chains. But only Bitcoin stands out and remains on the top. I'd rather keep it among the rest even those that have a high quantity number. I still choose the quality one.
Have these people sacrificed their sweet sleep hours in favor of embracing greed or is it a case of credulity?
It's mostly the latter combined with gambling tendencies of them.Imagine you are a newcomer who sees bitcoin that is worth tens of thousands of dollars, then someone introduces you to something else that looks like bitcoin but is worth less than a cent. Then they tell you that this new thing is "better" than bitcoin and is going to "surpass" it or at the very least rise the same way bitcoin did only because it's price is so low.
Almost everyone presented with such a lie, accepts it. Partly because they want to believe that they are not "late".
Altcoins come and go but Bitcoin remains. The top 10 cryptocurrencies have changed through the years but Bitcoin remains at the top. All kinds of cryptocurrency hypes have made the short history of cryptocurrency a little more interesting but they're all short-lived and eventually perished. Bitcoin is the only cryptocurrency that is worth sticking to for the longest term possible.
But let us never forget that exchanges, wallets, apps, etc are not Bitcoin. They also may come and go.
But let us never forget that exchanges, wallets, apps, etc are not Bitcoin. They also may come and go.
As the official King of Cryptos, Bitcoin has come a long way starting from almost nothing to where it is now and despite the ongoing red color of the market and subsequent falling down of the USD value of the coin there is no question that it is still the most viable cryptocurrency out there bar none and once the bullishness can be back we will definitely be on the road to great surprises as well. never mind all the naysayers and those proclaiming that Bitcoin is dead...soon they will be silenced and be shifting their attracts on other matters about Bitcoin. So why is it that many people still prefer to be holding "shitty' digital assets...one reason is that many people are looking for one that can be making x10 or even x100 and they know they can't find that with Bitcoin.
Haven't looked at and experienced the cryptocurrency industry for a long time, with all the hacks and crashes that have happened to other cryptocurrencies, Bitcoin has proven to be the only option left for crypto users who are looking forward to both security for both network and investment.
Security wise bitcoin is the safest compared to altcoins. Yes there are plenty of incident on cryptocurrency infustru about hack so beware of where youll putting up your money. People keeps innovating and of course they arent creating a perfect platform for that so these issues will continue to happen on those platform whether we like it or not.If for long term goal and you wanted to park your money, bitcoin is the best asset there for you without worrying of its value getting near zero.
And yet, there are hundreds (or even thousands) of people that prefer not to buy a single satoshi and purchase and hold literal useless tokens with food names, dog names, memes and names of billionaries.
Have these people sacrificed their sweet sleep hours in favor of embracing greed or is it a case of credulity?
Have these people sacrificed their sweet sleep hours in favor of embracing greed or is it a case of credulity?
People can buy useless tokens and dog coins and still sleep comfortably. It's either they only allocated a very small amount of money (hence they can comfortably lose that money), or they're simply delusionally confident.
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