Lots of newbies have to learn the hard way by getting scammed or rug pulled by chasing dreams buying shitcoins. Often it’s via failure they turn to the real deal, Bitcoin. I don’t like to see anybody get scammed or end up investing in a crappy token that has a Darth Maul candle to $0 but it’s often an experience that saves them in the long run as it sends them to Bitcoin.
Although it's the truth, it's something that can always be prevented if they just did their research which by the way, a thing that you should always do no matter what aspect in your life, it should never be a thing that you forget about, I think that as you age, that should be the thing that you do first so I'm not the feeling bad when it comes to these types of people falling for scams because they didn't do their research or even had an ounce of common sense that when you invest in crypto, that people are definitely going to try and scam you. There's also the fact that they haven't heard of the term too good to be true when that's a really common thing to say for most people, it's not even culture exclusive, every culture and country has the same kind of saying. Nowadays, those people that get scammed by this type of thing really deserve what's coming for them. 
Topic: Failed crypto project will promote bitcoin more - page 3. (Read 548 times)
Yeah that’s true and I have experienced it too wherein we were lured to invest into new coins but ended up losing it all. It’s always better to stick to Bitcoin as I made a mistake in the past by investing my bitcoin gain into altcoins and I will never repeat it.
Yes, it seems like many people have experienced bad impacts due to investing in new Altcoins, especially low-quality Altcoins, but of course I personally have also felt something like that and finally realized that Bitcoin is the safest.
but of course not everyone can learn from their experience because many people, due to losses investing in crypto, ultimately don't want to jump in again and don't want to learn from experience and ultimately leave the world of crypto, but those who want to learn from experience usually always succeed, but yes, Bitcoin is still the ultimate goal. because up to now I know that Bitcoin has never disappointed its holders as long as they are patient and invest for the long term.
Yes, apparently you are a great person who can learn from experience and of course I also always learn from experience because experiencing bad things in the past is a lesson for us to be successful in the future.
altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.
Let the beginner do their activities in crypto activities by not advising it to choose coins A or B is useful for them one day when it becomes experience. Luckily those who immediately chose Bitcoin because they would not suffer fate like those who chose Bitcoin at the end.At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.
Do not dare to guarantee Altcoin and similar investors will end in a happy, but many will say Bitcoin investors will experience the end happily.
If I'm arrogant, only bitcoin and nothing else. The path that can take us to the destination rather than to the heretical road is Bitcoin.
This could make people to realise that they're chasing the wrong projects but it also end up in completely wrong way of they don't want to invest in crypto anymore even if it's better because some people can't face the loss so it's very important for them to land on the right foot if they don't want to learn the lesson in hard ways.
Altcoins on the other hand are not completely useless, it's important too because if crypto is going to be the future of payments then I don't think Bitcoin will be able to handle every transactions made, and the fee hike due to the spam ordinals show cases it in obvious manner.
Altcoins on the other hand are not completely useless, it's important too because if crypto is going to be the future of payments then I don't think Bitcoin will be able to handle every transactions made, and the fee hike due to the spam ordinals show cases it in obvious manner.
Lots of newbies have to learn the hard way by getting scammed or rug pulled by chasing dreams buying shitcoins. Often it’s via failure they turn to the real deal, Bitcoin. I don’t like to see anybody get scammed or end up investing in a crappy token that has a Darth Maul candle to $0 but it’s often an experience that saves them in the long run as it sends them to Bitcoin.
What OP said would have been totally true assuming when projects fail, new ones don't emanate. If it happens so, it will mean that for each failed project, the participants will return to bitcoin until the very last project. But this is different from the reality. In reality, as many projects are failing, more are being launched and this enable people to jump from the one that has failed today to the one that will fail tomorrow and the cycle continues.
Someone who recently invested in a failed project will be so devastated that they may not want to invest again in cryptocurrency generally. Those who want to continue and really find out why they lost that investment will ask the right questions about the best cryptocurrency to invest in; bitcoins will always be mentioned, and if the person they ask has another opinion, bitcoins will still be mentioned in comparison, so they will somehow get to know about bitcoins. I believe this is what the OP is trying to express. It is rare to see someone who just lost a lot of money to a failed crypto project in a hurry to invest again without better knowledge.
- They are first given a wrong orientation that bitcoin is so expensive for them to invest.
- Also that bitcoin will not give them the desired profits they want
- That bitcoin is for the rich
- [They give them so many shits coins to invest and also prepare their minds against failure. They'll be like if this fail and this fail, atleast this other one will not fail.
- It takes self determination and personal research to break out from those gangs.
The annoying part of it is that people will be involved in any failed crypto project and they are going to suffer a casualty in it, whereas that alone is not what makes bitcoin to get more attraction for adoption, instead, it will only teach others lessons in understanding the difference between bitcoin and altcoins, this will help them to know where to invest on and how to channel their investment on the right coin in cryptocurrency, because up till now, some cant still differentiate between bitcoin and altcoins.
What OP said would have been totally true assuming when projects fail, new ones don't emanate. If it happens so, it will mean that for each failed project, the participants will return to bitcoin until the very last project. But this is different from the reality. In reality, as many projects are failing, more are being launched and this enable people to jump from the one that has failed today to the one that will fail tomorrow and the cycle continues.
Someone who recently invested in a failed project will be so devastated that they may not want to invest again in cryptocurrency generally. Those who want to continue and really find out why they lost that investment will ask the right questions about the best cryptocurrency to invest in; bitcoins will always be mentioned, and if the person they ask has another opinion, bitcoins will still be mentioned in comparison, so they will somehow get to know about bitcoins. I believe this is what the OP is trying to express. It is rare to see someone who just lost a lot of money to a failed crypto project in a hurry to invest again without better knowledge.
Their is no doubt that cryptocurrency has taking over the world, everyone is trying to develop a crypto project that will attract investors to invest in them. As the day counts by people are getting awareness of crypto project which they found it very nteresting to engage themselves with things that has to do with cryptocurrency. Their are lots of fake projects that people are investing in, and more fake projects are still coming and people will still found it interesting. Bitcoin is the pioneer and footing behind other cryptocurrencies, tokens, NFTs, and airdrops that we have today. People will make mistake to invest in these project maybe because they lack understanding but with time they will correct their mistakes to turn back to bitcoin which is the best to invest.
altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.
Everyone has their own vision, if we look at what you are seeing this is clearly benefiting bitcoin. But there are also some other people who think that because there are so many scam projects created and that has caused many people to misunderstand that bitcoin is also one of them, and that is why many people call Bitcoin a scam. altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.
Having many altcoin projects helps the market become more diverse and competitive, thereby giving investors more choices. But with many projects created but not strictly regulated, it leaves the market rife with scams and gives the cryptocurrency industry a bad reputation. So, it's hard to say that the failure of altcoin projects is a good thing for bitcoin.
When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.
Talking about investment, we all have different views, of course Bitcoin has good value for everyone, including investors, but we cannot force investors to return to Bitcoin, actually they know the positive and negative things in investing, whether it's Bitcoin or other types of crypto.As far as I know, investors currently have high desires, minimal capital and want big profits, that's what Altcoins are, they know the risks faced by projects that could die without being able to return the initial capital, considering that the current price of Bitcoin is high, it is quite difficult to choose Bitcoin as a core investment, indeed Bitcoin should be an option, but this understanding makes many investors feel difficult because Bitcoin must have large capital.
altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.
You have a point. These projects just prove why bitcoin is the king of all cryptocurrencies. In all these years even with newer technologies, bitcoin remains the best and not one has replicated its success. This further improves the confidence and trust people have on bitcoin. At the end of the day, bitcoin remains superior and one of a kind. It is safe to say that there will be nothing like bitcoin ever again. At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.
Only a few will embrace only bitcoin or have the larger percentage of their portfolio in bitcoin while using the rest to gamble in altcoins.
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.
Many people who are investing in Bitcoin are attracted by the instant profit promised by some altcoin projects. These projects usually promise to give high profit that some greedy or uninformed people might not be able to resist the offer. When they are scammed, some of them will decide to leave the crypto space and never invest in the sector again. While others, through learning and experience, will come to realize that Bitcoin is the most reliable crypto. This might make them abandon altcoins and focus on only Bitcoin. It is just a two-way thing; a failed crypto project will discourage some people from investing. While others might decide to choose only Bitcoin because of a failed project. Their is no doubt that cryptocurrency has taking over the world,
Oh yes, there is!
How many shops do you have around you that accept crypto?
How many people invest in stocks and have a bank account and how many actually have a crypto address?
Once you log out of this forum how many around you are actually interested in crypto?
Quote
Taken over the world? Be serious!
There are barely 40 million addresses with more than 1$ balance on the whole chain while we have 2 billion debit cards and you talk about "taking over the world"?
Some people need a reality check, once you close twitter and other social media where you follow only crypto you will realize how large this world is and crypto has barely made a dent in it, it's a long long long way to go!!!
Though i haven't been to every country, but i will use my country to judge. Here we may not have shops, institutes that are accepting cryptocurrency, the government is not talking anything about cryptocurrency but I can say 70% of the young people are into cryptocurrency. I don't think people found cryptocurrency to be strange in my country. There are barely 40 million addresses with more than 1$ balance on the whole chain while we have 2 billion debit cards and you talk about "taking over the world"?
Some people need a reality check, once you close twitter and other social media where you follow only crypto you will realize how large this world is and crypto has barely made a dent in it, it's a long long long way to go!!!
This is not entirely true in my opinion. Failed crypto projects only promote Bitcoin to those who have not given up after incurring losses. Many people condemn cryptocurrency, Bitcoin inclusive, after the lose money through scam. It is only those who are able to do some findings and discover that not all cryptocurrencies are bad, that happens to stick to Bitcoin knowing that it is different from the rest.
Some people I started with have shifted from Bitcoin to other areas siting risk and scam that are prevalent in cryptocurrency. If you actually know how many scams some of us suffer in this journey, then you will understand why they took those decisions.
So while failed projects created strong Bitcoin believers,
they actually scared a lot of people away from Bitcoin.
Some people I started with have shifted from Bitcoin to other areas siting risk and scam that are prevalent in cryptocurrency. If you actually know how many scams some of us suffer in this journey, then you will understand why they took those decisions.
So while failed projects created strong Bitcoin believers,
they actually scared a lot of people away from Bitcoin.
Their is no doubt that cryptocurrency has taking over the world, everyone is trying to develop a crypto project that will attract investors to invest in them. As the day counts by people are getting awareness of crypto project which they found it very nteresting to engage themselves with things that has to do with cryptocurrency. Their are lots of fake projects that people are investing in, and more fake projects are still coming and people will still found it interesting. Bitcoin is the pioneer and footing behind other cryptocurrencies, tokens, NFTs, and airdrops that we have today. People will make mistake to invest in these project maybe because they lack understanding but with time they will correct their mistakes to turn back to bitcoin which is the best to invest.
altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.
Yes I agree with you, I see a lot of people even on the street this days discussing the success of cryptocurrency, some where even talking about NOTCOIN token that they had and how much value they've gotten so far, so for me the awareness about cryptocurrency is there already, but the unfortunate thing is that this awareness will make a lot of people invest in the wrong project because of peer pressure and lack of basic understanding of the crypto environment. OP one thing you must understand about human beings is that, hence they've invested in a project and it doesn't work for them, they find it difficult to reinvest in a similar project another time, because that first wrong investment might have given them negative feedback or bad orientation. So for me I feel it is best bitcoin awareness spread more than most of this unverified tokens we have put there.altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.
Notcoin is currently still heavily hyped by other influencers in its promotion. And when it was listed on binance and other top exchanges, its price value in the market even fell.
But right now it's recovering little by little and it's around 0.01$ something again.
Although, I also bought some of it for short-term because I saw that it was still hot as it was hyped in the market.
Stories about altcoin investors who are successful in achieving large profits whose value can change lives are interesting stories for many people to get directly involved in crypto because they want to experience the same success but also failures are stories that are also scattered around but usually people will focus more on success stories. that's why more and more people are getting to know cryptocurrency and after experiencing it first hand they will slowly start to get to know Bitcoin and realize that even though altcoins provide more open opportunities for big profits but storing Bitcoin is much safer, so yes the many projects that fail bring more people to know about crypto even though that is the worst part of cryptocurrency, because project failure is part of the scam in the crypto world.
Though i haven't been to every country, but i will use my country to judge. Here we may not have shops, institutes that are accepting cryptocurrency, the government is not talking anything about cryptocurrency but I can say 70% of the young people are into cryptocurrency. I don't think people found cryptocurrency to be strange in my country.
Quite the opposite, we do have businesses that accept crypto as payment method and the government is not sitting on the sidelines when it comes to crypto regulations either. The present government has managed to force Binance and other exchanges to stop p2p trading in the country. Even with all these challenges and restrictions, Nigerians are very keen on cryptocurrency. 
Their is no doubt that cryptocurrency has taking over the world,
Oh yes, there is!
How many shops do you have around you that accept crypto?
How many people invest in stocks and have a bank account and how many actually have a crypto address?
Once you log out of this forum how many around you are actually interested in crypto?
Quote
Taken over the world? Be serious!
There are barely 40 million addresses with more than 1$ balance on the whole chain while we have 2 billion debit cards and you talk about "taking over the world"?
Some people need a reality check, once you close twitter and other social media where you follow only crypto you will realize how large this world is and crypto has barely made a dent in it, it's a long long long way to go!!!
Though i haven't been to every country, but i will use my country to judge. Here we may not have shops, institutes that are accepting cryptocurrency, the government is not talking anything about cryptocurrency but I can say 70% of the young people are into cryptocurrency. I don't think people found cryptocurrency to be strange in my country. There are barely 40 million addresses with more than 1$ balance on the whole chain while we have 2 billion debit cards and you talk about "taking over the world"?
Some people need a reality check, once you close twitter and other social media where you follow only crypto you will realize how large this world is and crypto has barely made a dent in it, it's a long long long way to go!!!
Their is no doubt that cryptocurrency has taking over the world, everyone is trying to develop a crypto project that will attract investors to invest in them. As the day counts by people are getting awareness of crypto project which they found it very nteresting to engage themselves with things that has to do with cryptocurrency. Their are lots of fake projects that people are investing in, and more fake projects are still coming and people will still found it interesting. Bitcoin is the pioneer and footing behind other cryptocurrencies, tokens, NFTs, and airdrops that we have today. People will make mistake to invest in these project maybe because they lack understanding but with time they will correct their mistakes to turn back to bitcoin which is the best to invest.
altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.
Yes I agree with you, I see a lot of people even on the street this days discussing the success of cryptocurrency, some where even talking about NOTCOIN token that they had and how much value they've gotten so far, so for me the awareness about cryptocurrency is there already, but the unfortunate thing is that this awareness will make a lot of people invest in the wrong project because of peer pressure and lack of basic understanding of the crypto environment. OP one thing you must understand about human beings is that, hence they've invested in a project and it doesn't work for them, they find it difficult to reinvest in a similar project another time, because that first wrong investment might have given them negative feedback or bad orientation. So for me I feel it is best bitcoin awareness spread more than most of this unverified tokens we have put there. altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.
I disagree.
What you want to say is: big cap altcoins > low cap altcoins > newly listed coins > Bitcoin.
Some people might turn become Bitcoin investors, but if they hold their Bitcoin in centralized exchange and the CEX bankrupt, I doubt they will want to buy and hold Bitcoin again.
Most likely the scenario is: Bitcoin > Big cap altcoins > low cap altcoins > newly listed coins > gold/stock/real estate. This is because they no longer believe in cryptocurrency and they think Bitcoin is same to other coins that scammed them.
altcoins=>tokens=>airdrop>bitcoin
Airdrop isn't a coin or token.What you want to say is: big cap altcoins > low cap altcoins > newly listed coins > Bitcoin.
Some people might turn become Bitcoin investors, but if they hold their Bitcoin in centralized exchange and the CEX bankrupt, I doubt they will want to buy and hold Bitcoin again.
Most likely the scenario is: Bitcoin > Big cap altcoins > low cap altcoins > newly listed coins > gold/stock/real estate. This is because they no longer believe in cryptocurrency and they think Bitcoin is same to other coins that scammed them.
I think it would depend on every traders, there are traders who would spread out their investment, and wouldn't focus on single trade to lessen the risk.
But I do get the point all the other project mostly airdrop would only be used to make our portfolio grow bigger.
But I do get the point all the other project mostly airdrop would only be used to make our portfolio grow bigger.
Yes that true but the issue remain where one is spreading the investment how authentic it could be diversifying is not the issue but I don't see it as good means of cutting down risk as some may choose it. Op point is very right the failure of some of this pump alter and shiltcoin has elevated BTC so much as many has see Bitcoin as the most preferable and it will still be reason been that the first impression speak louder than anything else.
Jump to: