Can Bitcoin Destroy Crap Altcoins? - page 2.

lizarder

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Quote from: borovichok on December 15, 2022, 02:57:12 PM

Altcoins are no match for bitcoin but they're highly preferably to Bitcoin since they bring enough profits. We have countless Altcoins in the market but it's very necessary to always trade with the promising coins other than fall for big scams in the market. Bitcoin and altcoins both survive the bear and bull season, but it's the altcoins that are affected most in bear season, some even turn out failed projects in the bear season like Luna and FTX, these are examples of altcoins that failed. Bitcoin still remain top but it's continual dip is also having a bad worsen case on investors who had their investment in bitcoin.

There are many advantages in investing in bitcoin, besides being able to maintain value, bitcoin is also the best investment for the future, so many people choose and try to invest in it, bitcoin has a certain period of time that can provide large returns. This timeframe is the market condition in the highest quarter (bullish). There are many considerations that make people choose bitcoin, besides that there are also many facts that show the existence of bitcoin today.

While altcoins are more volatile and have many other drawbacks, the utility interest of the investors involved is also less strong, making them more easily lost in the market. Except for potential altcoins which are fundamental and able to survive when market conditions are in a severe correction.

bakasabo

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I am a supporter of a theory, that Bitcoin does not destroy crap altcoins, not does any effect on them, but all those crap altcoins destroys themselves, or die itself, or have a very-very short life. Why even bother, if there is nothing behind those altcoins. Ideas isnt new or primitive. It looks that all those crap altcoins kill each other while fighting for a spot on the market. Like there is a Bitcoin that lives his own life, and there are all others that live, fight, appear and die somewhere in other place, despite everyone is being in the same crypto market.

Minor Miner

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Quote from: peter0425 on December 15, 2022, 06:12:45 AM

I invested in altcoin also I the CRAP altcoins? those must be dead completely because this is the roots of abuse from manipulations and scams , I still don't get the Idea why there are still others that tries to trust those when it did not even help the market at all?

What made you invest in altcoins before losing and realizing they were scams? That's profit, right?
Yes, altcoins will never go away as long as people's greed persists and they want to get rich quickly. But I wouldn't hate all altcoins like you, for you, altcoins are a scam because you cannot profit from them, but many people who make a profit from altcoins, they will not consider them a scam. Bitcoins are much better than altcoins, but if you understand altcoins, investing in them isn't too bad either.

yazher

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Quote from: peter0425 on December 15, 2022, 06:12:45 AM

I invested in altcoin also I the CRAP altcoins? those must be dead completely because this is the roots of abuse from manipulations and scams , I still don't get the Idea why there are still others that tries to trust those when it did not even help the market at all?

Especially the hype of pump and dump coins that they are often used for scamming their victims because they know how to manipulate their minds luring them to some green scenery of its price for the past few days and when they see lots of people buying it, they will gonna execute their plans and hugely sold out their tokens and boom! the price will crash and won't gonna recover again like what has happened with the Squidgame token and others like it in the past.

arabspaceship123

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Bitcoin isn't going to destroy them. If it wasn't for Bitcoin altcoins wouldn't be created. They'll be swapped in exchanges until they become purposeless.

peter0425

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Quote from: crunck on December 15, 2022, 10:28:18 AM

Quote from: peter0425 on December 15, 2022, 06:12:45 AM

I invested in altcoin also I the CRAP altcoins? those must be dead completely because this is the roots of abuse from manipulations and scams , I still don't get the Idea why there are still others that tries to trust those when it did not even help the market at all?

How do you know it's not helping the market? is it not useful for the market or you cannot profit from it and you hate it? Altcoins are manipulated? but not bitcoin? this whole market is like a money game. Where the winners take the losers' money, and the greedy pay the price for their greed.

if you read and understand my post clearly then you'll understand that I am only pointing to those Shit project/coins meaning why they are still being trusted when there are so many coins to choose from?
and the problem is? if they fail then they cried because of their greediness.

Dorothy V

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Quote from: Nrcewker on December 15, 2022, 04:58:05 AM

Quote from: Llhxsdr on December 15, 2022, 04:20:38 AM

Many people think that Bitcoin is not as profitable as altcoins, but altcoins depend on the status of Bitcoin, which is why I believe that Bitcoin can be used as a legal currency, while altcoins can only be risky investments.

Why the topic of legal currency is rising here mate? I mean who wants Bitcoins to be legalised? Nevertheless I can agree that Bitcoins movement are the main reason for which the altcoins move. I mean when Bitcoins crashes, whole market crashes and vice versa. Regarding crap altcoins, I completely agree that Bitcoins stand before them without any hesitation. According to me Bitcoins are safe investments. So if you don’t wanna take risk, then Bitcoins will be the best option.

Bitcoin is the only option, and many people are saying, you must hold it for the long term. But this time last year, the price of bitcoin was $64,000, now? It is really a tormenting process. Especially for those families whose lives are not very well-off, they join the encrypted world and invest in digital currency for the purpose of improving the quality of life, but the quality of life is often getting lower and lower.

lizarder

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Quote from: borovichok on December 15, 2022, 02:57:12 PM

Altcoins are no match for bitcoin but they're highly preferably to Bitcoin since they bring enough profits. We have countless Altcoins in the market but it's very necessary to always trade with the promising coins other than fall for big scams in the market. Bitcoin and altcoins both survive the bear and bull season, but it's the altcoins that are affected most in bear season, some even turn out failed projects in the bear season like Luna and FTX, these are examples of altcoins that failed. Bitcoin still remain top but it's continual dip is also having a bad worsen case on investors who had their investment in bitcoin.

That is what actually happened, that altcoins are not a match for Bitcoin and as previously stated that Bitcoin does not destroy altcoins, but rather Altcoins are unable to maintain value in the market so they just die and disappear in the market.

The current altcoin period can be calculated at a level that is not strong, meaning that participation in it is still quite speculative and does not provide guarantees, although at certain periods some people follow altcoins for use in the near future. Bitcoin is better able to retain value and is a promising investment asset. Therefore, Bitcoin is more reliable than altcoins.

KingsDen

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Quote from: n0ne on December 15, 2022, 06:29:19 PM

Bitcoin doesn't have anything to do with the crap altcoins. It is the people, who go in queue to get scammed looking for big profit. Initially people need to understand the reality of the market and how the altcoins are making progress. There are altcoins that serve good in the market as well as serve as a competent to push the growth of the entire market. Such altcoins can be considered and are required ones in the market.

obviously all altcoins are not crap and not all the altcoins are scam. Some altcoins are genuine and according to you, they are helping to push the adoption of the cryptocurrency industry. The people that are easily attracted to altcoins are the set of people that want higher return of investment within a short period of time. And funny enough many of them do not know that they are gambling but a few who knows that it is gambling always take profits at any slight increase in price but those who do not know how alcoins are manipulated keep their coins for long in the projects and in the end they are complaining that they are scammed. I am an advocate of live and let's live. Bitcoin is the King and he should exist as the king and there should be genuine altcoins also.

n0ne

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Bitcoin doesn't have anything to do with the crap altcoins. It is the people, who go in queue to get scammed looking for big profit. Initially people need to understand the reality of the market and how the altcoins are making progress. There are altcoins that serve good in the market as well as serve as a competent to push the growth of the entire market. Such altcoins can be considered and are required ones in the market.

serjent05

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Quote from: Marvell1 on December 15, 2022, 03:39:33 AM

Quote from: TheUltraElite on December 15, 2022, 02:45:58 AM

Crap altcoins will continue to exist because someone out there will always buy and sell or use them. Bitcoin's only relation to these altcoins is that the purchase of the latter needs the former because fiat is not the trading pair for each or them.

No crypto can be literally "destroyed" it is more like being "abandoned" and nobody is using it anymore. While new ones will continue to flood the market I doubt their number will reduce anytime soon. Because of the "get-rich-quick" screaming appearance of most of these altcoins at the start, the new investors will always buy them instead of going for bitcoin.

My view on bitcoin is that it is always profitable if bought at the low price. No such thing as dividend period or stable period here. Been watching for several years now and I know that the cycles continue if you watch closely.

No one can destroy altcoins, even with bitcoin, and the demand for altcoins will never go away, as long as people enter the market for profit and get rich quickly then altcoins will still survive.

I disagree, investors can destroy altcoins. If they stop patronizing new releases of tokens and coins, if they divert their investment to Bitcoin and other stuff, if they pull out their money on the altcoin market, and if people stop supporting altcoins, it can destroy the altcoin market. Altcoin market thrives because there is a continues to demand for it. If the demand is stopped, no matter how continuously the market is supplied with projects and new altcoin, the market will become idle and eventually destroyed.

Quote from: Marvell1 on December 15, 2022, 03:39:33 AM

The only thing that can hold back altcoins might be government regulations, but if there are such regulations, investors like us will be in trouble even if we invest in bitcoin. Many people expect altcoins to die because they are so full of scams and trash, but I don't want that because if it's only bitcoin, it can't be called a market.

Government regulation can slow down the progress but it will not entirely hold back any altcoin market as long as the demand keeps flowing. To be able to destroy a market, the demand should be eliminated first.

borovichok

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Quote from: lizarder on December 15, 2022, 10:08:50 AM

I'm surprised that until now people still associate altcoins with Bitcoin, even though the two are very different and have different development methods. Altcoins are nothing more than speculation and more they come as Bitcoin imitators.

Bitcoin doesn't destroy altcoins, if you look at all the periods that run on Bitcoin, Bitcoin actually always has a positive impact on altcoins. Pump and dump periods that occur in Bitcoin on the market, actually bring altcoins to increase, even though this scheme doesn't always work the same. Bitcoin Correlation Destroying Altcoins make absolutely no sense, but because they couldn't survive bad market conditions, most of these coins started to disappear and eventually died.

Altcoins are no match for bitcoin but they're highly preferably to Bitcoin since they bring enough profits. We have countless Altcoins in the market but it's very necessary to always trade with the promising coins other than fall for big scams in the market. Bitcoin and altcoins both survive the bear and bull season, but it's the altcoins that are affected most in bear season, some even turn out failed projects in the bear season like Luna and FTX, these are examples of altcoins that failed. Bitcoin still remain top but it's continual dip is also having a bad worsen case on investors who had their investment in bitcoin.

crunck

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crunck

Quote from: peter0425 on December 15, 2022, 06:12:45 AM

I invested in altcoin also I the CRAP altcoins? those must be dead completely because this is the roots of abuse from manipulations and scams , I still don't get the Idea why there are still others that tries to trust those when it did not even help the market at all?

How do you know it's not helping the market? is it not useful for the market or you cannot profit from it and you hate it? Altcoins are manipulated? but not bitcoin? this whole market is like a money game. Where the winners take the losers' money, and the greedy pay the price for their greed.

lizarder

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Activity: 1722

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I'm surprised that until now people still associate altcoins with Bitcoin, even though the two are very different and have different development methods. Altcoins are nothing more than speculation and more they come as Bitcoin imitators.

Bitcoin doesn't destroy altcoins, if you look at all the periods that run on Bitcoin, Bitcoin actually always has a positive impact on altcoins. Pump and dump periods that occur in Bitcoin on the market, actually bring altcoins to increase, even though this scheme doesn't always work the same. Bitcoin Correlation Destroying Altcoins make absolutely no sense, but because they couldn't survive bad market conditions, most of these coins started to disappear and eventually died.

peter0425

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I invested in altcoin also I the CRAP altcoins? those must be dead completely because this is the roots of abuse from manipulations and scams , I still don't get the Idea why there are still others that tries to trust those when it did not even help the market at all?

Falconer

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Quote from: Nrcewker on December 15, 2022, 04:58:05 AM

Why the topic of legal currency is rising here mate? I mean who wants Bitcoins to be legalised? Nevertheless I can agree that Bitcoins movement are the main reason for which the altcoins move. I mean when Bitcoins crashes, whole market crashes and vice versa. Regarding crap altcoins, I completely agree that Bitcoins stand before them without any hesitation. According to me Bitcoins are safe investments. So if you don’t wanna take risk, then Bitcoins will be the best option.

There is no denying that bitcoin will always be ahead of altcoin, its reputation as a currency and investment asset is no doubt by most users but there are always risks involved. The fact is true, whatever your investment choice, you still have to be able to recognize the risks and be able to minimize them properly.

Bitcoin are safe if you store them in a non-custodial or hardware wallet. Both wallet offer better security, but bitcoin can never be safe from price volatility. The market will always fluctuate, so here you have to be smart enough to manage your investments and funds.

Nrcewker

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Quote from: Llhxsdr on December 15, 2022, 04:20:38 AM

Many people think that Bitcoin is not as profitable as altcoins, but altcoins depend on the status of Bitcoin, which is why I believe that Bitcoin can be used as a legal currency, while altcoins can only be risky investments.

Why the topic of legal currency is rising here mate? I mean who wants Bitcoins to be legalised? Nevertheless I can agree that Bitcoins movement are the main reason for which the altcoins move. I mean when Bitcoins crashes, whole market crashes and vice versa. Regarding crap altcoins, I completely agree that Bitcoins stand before them without any hesitation. According to me Bitcoins are safe investments. So if you don’t wanna take risk, then Bitcoins will be the best option.

LEbimb

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The two don't necessarily have to survive one. Bitcoin has been No. 1 from the very beginning, and no one can shake it. The altcoin team will naturally destroy it if they make enough money. They don’t want us to do anything. Their purpose is just to make money.

Llhxsdr

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Many people think that Bitcoin is not as profitable as altcoins, but altcoins depend on the status of Bitcoin, which is why I believe that Bitcoin can be used as a legal currency, while altcoins can only be risky investments.

Marvell1

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Quote from: TheUltraElite on December 15, 2022, 02:45:58 AM

Crap altcoins will continue to exist because someone out there will always buy and sell or use them. Bitcoin's only relation to these altcoins is that the purchase of the latter needs the former because fiat is not the trading pair for each or them.

No crypto can be literally "destroyed" it is more like being "abandoned" and nobody is using it anymore. While new ones will continue to flood the market I doubt their number will reduce anytime soon. Because of the "get-rich-quick" screaming appearance of most of these altcoins at the start, the new investors will always buy them instead of going for bitcoin.

My view on bitcoin is that it is always profitable if bought at the low price. No such thing as dividend period or stable period here. Been watching for several years now and I know that the cycles continue if you watch closely.

No one can destroy altcoins, even with bitcoin, and the demand for altcoins will never go away, as long as people enter the market for profit and get rich quickly then altcoins will still survive. The only thing that can hold back altcoins might be government regulations, but if there are such regulations, investors like us will be in trouble even if we invest in bitcoin. Many people expect altcoins to die because they are so full of scams and trash, but I don't want that because if it's only bitcoin, it can't be called a market.

Topic: Can Bitcoin Destroy Crap Altcoins? - page 2. (Read 943 times)