Topic: If not for Bitcoin (Read 695 times)
If not for bitcoin, things wouldn't have been this better for some of us here today, we have already for a long time overdue for using the financial system with centralized institutions and government, bitcoin has made us know the possibility for a decentralized digital network, give everyone the financial freedom they deserve and considers the people most for an independent financial economy lifestyle.
When I saw the benefits of having Bitcoin, I take it as a financial suicide not having Bitcoin.
Who would have ever known that from the start of 2021, that;
_3AC(crypto biggest VC) would subsequently collapse.
_ Blockfi, Celsius and voyagar would go under.
_FTX would implode, and SBF being exposed as one of the world biggest fraudster in financial history.
_ Luna would go to 0.
Upon all this event that has took place, the crypto industry would have completely collapse if not for the confidence and trust investors have in Bitcoin.
It has kept the crypto industry running, just look at Bitcoin today, it's still standing strong above 27k.
If not for Bitcoin, we would have all went home sad.
Cheers to all the bitcoineers
It is not really that difficult to see why the confidence in bitcoin did not decreased at all during all of those events, and that is because those collapses had nothing to do with bitcoin, other than those businesses dealing with cryptocurrencies in general, bitcoin had nothing to do with it, however this is often a mistake I see people making, they make the false equivalence in their minds that bitcoin is somehow related to every single entity that is part of this market and it should be affected by them, when this is not the case as bitcoin is its own entity and it is independent from them. Who would have ever known that from the start of 2021, that;
_3AC(crypto biggest VC) would subsequently collapse.
_ Blockfi, Celsius and voyagar would go under.
_FTX would implode, and SBF being exposed as one of the world biggest fraudster in financial history.
_ Luna would go to 0.
Upon all this event that has took place, the crypto industry would have completely collapse if not for the confidence and trust investors have in Bitcoin.
It has kept the crypto industry running, just look at Bitcoin today, it's still standing strong above 27k.
If not for Bitcoin, we would have all went home sad.
Cheers to all the bitcoineers
All of these major incidents that you mentioned (3AC, Blockfi, Celsius, Voyager, Luna, and FTX ) are all centralized services that have nothing to do with Bitcoin in the first place. They are like parasitic organisms that had to be eliminated.
Although these incidents were painful and caused losses to many people, they had a positive aspect in that they made people realize the importance of Bitcoin and that it is the only coin that can be trusted. Therefore, I support your opinion on this point. If it were not for the existence of Bitcoin, the cryptocurrency industry would have collapsed completely.
Of course, these events showed people the proof of bitcoin's improvement and convinced them that nothing but bitcoin is trustworthy. But this thing is not for everyone; still, many people are not aware of it and face losing, like in recent events. But in fact, it is their own fault that when they enter the field of cryptocurrency, they think that only money and money are here, and in their greed for money, they leave the real thing, which is bitcoin, and pick up poor things in comparison to bitcoin. The things they pick up are altcoin, centralized exchanges (keep his fund on them), and buying shitcoin, due to which they have to suffer. But this loss is a good lesson for them not to make the same mistakes on centralized exchanges and altcoins as against Bitcoin. Although these incidents were painful and caused losses to many people, they had a positive aspect in that they made people realize the importance of Bitcoin and that it is the only coin that can be trusted. Therefore, I support your opinion on this point. If it were not for the existence of Bitcoin, the cryptocurrency industry would have collapsed completely.
I believe that if there were no similar events, no one would have realized the importance of Bitcoin, which is for newbies. They forget because they make money from altcoins like QuickPumpDump that there is another better thing than altcoin, which is Bitcoin, which doesn't have these flaws that these shitcoins have.
Still, Bitcoin stands tall in the middle of all this chaos, doesnt it? Noobs like these have to learn the hard way. Its sad, yes, but maybe its essential. Would people really know how valuable something is if they found it on their first try? When you go through problems and lose, thats when Bitcoin's real value comes through
It has kept the crypto industry running, just look at Bitcoin today, it's still standing strong above 27k.
If not for Bitcoin, we would have all went home sad.
Bitcoin stands as a formidable force in the financial realm today. It serves as an alternative opportunity and, despite varying opinions, its resilience endures. This means that major investors won't allow adverse developments to easily beset Bitcoin.If not for Bitcoin, we would have all went home sad.
We understand that the very heartbeat of the crypto industry presently pulsates through Bitcoin. When Bitcoin falters, everything connected to the world of crypto loses its significance. To truly dismantle Bitcoin's presence, there would need to be several altcoins tested for their strength. Anyone who can disrupt altcoins is not necessarily capable of undermining Bitcoin, and someone capable of undermining Bitcoin can potentially destabilize the entire crypto industry, excluding Central Bank Digital Currencies (CBDCs), which remain under government control.
Investors lose the most money and gain money in crypto but they don't give up hope. Investors basically put the most hope on Bitcoin and they hold it for a long time to get results later. If investors had faith in the crypto industry, of course crypto currencies would have been destroyed, but Bitcoin is where it is today because investors have faith. We saw the biggest increase in Bitcoin price in 2021 and investors made a lot of money then. Even though currently Bitcoin's core is down but still investors have faith in Bitcoin Bitcoin will reach a good position again and traders will benefit. Currently the Bitcoin market has taken a strong shape and with the new green candle in the market, we can be sure that good things are waiting for us ahead. If Bitcoin wasn't born then maybe we wouldn't be related to this crypto world, since it was created and it will last a lifetime so we would be better off using this Bitcoin.
Which is why apart from being a day trader, I also make sure that I have sufficient bitcoin holdings to keep me safe during rainy seasons. It's bad enough that the market can just go under whenever it so pleases, so having a consistent and surefire earning asset like bitcoin in your portfolio takes the stress off of you cause now, you're pretty much aware and at ease knowing that come rain or shine, you'll earn money from bitcoin. I'm just hoping it continues to serve people for longer cause I want everyone in the crypto industry from now until say, 20 years in the future to at least experience what it was like getting bitcoins for the first time and expecting to earn shitloads of money. It's one of the greatest feelings out there.
This is because Bitcoin is the only reliable project in the crypto market. We can't compare its potential to others that is why we call this unique which makes it very popular and famous. Indeed, it was stress-free if were going to manage well our emotions.Those things that happened in the past as mentioned by OP give us insights that only those projects that have a solid foundation will remain while these worthless and weak foundations will collapse. Probably, if there is no Bitcoin, the entire crypto market has already been over.
All of these major incidents that you mentioned (3AC, Blockfi, Celsius, Voyager, Luna, and FTX ) are all centralized services that have nothing to do with Bitcoin in the first place. They are like parasitic organisms that had to be eliminated.
Although these incidents were painful and caused losses to many people, they had a positive aspect in that they made people realize the importance of Bitcoin and that it is the only coin that can be trusted. Therefore, I support your opinion on this point. If it were not for the existence of Bitcoin, the cryptocurrency industry would have collapsed completely.
Of course, these events showed people the proof of bitcoin's improvement and convinced them that nothing but bitcoin is trustworthy.Although these incidents were painful and caused losses to many people, they had a positive aspect in that they made people realize the importance of Bitcoin and that it is the only coin that can be trusted. Therefore, I support your opinion on this point. If it were not for the existence of Bitcoin, the cryptocurrency industry would have collapsed completely.
These company's bankruptcy does not show proof of Bitcoin improvement. This simply show that centralized cryptocurrency services can also collapse if the management does not manage the company well.
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But this thing is not for everyone; still, many people are not aware of it and face losing, like in recent events. But in fact, it is their own fault that when they enter the field of cryptocurrency, they think that only money and money are here, and in their greed for money, they leave the real thing, which is bitcoin, and pick up poor things in comparison to bitcoin.
These company also integrate Bitcoin in their services and yet they failed. This is not about Bitcoin and altcoin but company that have poor management system the lead them to bankruptcy and collapse, while other practiced fraud and was exposed.
If one have to realize something, it should be not trusting 3rd party investment company to hold your fund, instead if one is into Bitcoin investment then the best approach is buy and hold Bitcoin in our non-custodial wallet where we hold the private key.
All of these major incidents that you mentioned (3AC, Blockfi, Celsius, Voyager, Luna, and FTX ) are all centralized services that have nothing to do with Bitcoin in the first place. They are like parasitic organisms that had to be eliminated.
Although these incidents were painful and caused losses to many people, they had a positive aspect in that they made people realize the importance of Bitcoin and that it is the only coin that can be trusted. Therefore, I support your opinion on this point. If it were not for the existence of Bitcoin, the cryptocurrency industry would have collapsed completely.
Of course, these events showed people the proof of bitcoin's improvement and convinced them that nothing but bitcoin is trustworthy. But this thing is not for everyone; still, many people are not aware of it and face losing, like in recent events. But in fact, it is their own fault that when they enter the field of cryptocurrency, they think that only money and money are here, and in their greed for money, they leave the real thing, which is bitcoin, and pick up poor things in comparison to bitcoin. The things they pick up are altcoin, centralized exchanges (keep his fund on them), and buying shitcoin, due to which they have to suffer. But this loss is a good lesson for them not to make the same mistakes on centralized exchanges and altcoins as against Bitcoin. Although these incidents were painful and caused losses to many people, they had a positive aspect in that they made people realize the importance of Bitcoin and that it is the only coin that can be trusted. Therefore, I support your opinion on this point. If it were not for the existence of Bitcoin, the cryptocurrency industry would have collapsed completely.
I believe that if there were no similar events, no one would have realized the importance of Bitcoin, which is for newbies. They forget because they make money from altcoins like QuickPumpDump that there is another better thing than altcoin, which is Bitcoin, which doesn't have these flaws that these shitcoins have.
Lower transaction fees, and faster transaction speeds, what does that mean? Have you ever heard of bitcoin's blockchain being hacked or experiencing a power outage? But that often happens with blockchains that you think are superior to bitcoin.
Decentralization is the deciding factor in the quality and value of cryptocurrencies. If altcoins don't have them, they're nothing more than a pile of garbage created for purposes other than bringing us real solutions. As I see it, altcoins are just used for hype and pump and dump rather than actually providing truly useful utilities like bitcoin.
I mean just because it doesn't get hacked doesn't mean that it is perfect, we could always improve something. We do not have to improve it like crazy, but we could improve it. This means that it is going to take a lot of time for bitcoin to be perfect and in fact I think it will never be perfect, we are going to end up with something that will change things. We should be careful about what we are doing and based on that we could potentially do a lot better or worse.Decentralization is the deciding factor in the quality and value of cryptocurrencies. If altcoins don't have them, they're nothing more than a pile of garbage created for purposes other than bringing us real solutions. As I see it, altcoins are just used for hype and pump and dump rather than actually providing truly useful utilities like bitcoin.
We need to arrange it in a way that it could help with us a lot more. Sure, it is better than the rest, I am not arguing against that, yes it is the best but just because it is the best and I do not think that it will change anytime soon, it is going to be pretty similar if it doesn't keep on improving. I believe that we need to get bitcoin to be better.
Bitcoin's dominance in the market will never go away as it is the only decentralized currency with the best security. Bitcoin's dominance will only be shaken or replaced unless there is a coin with superior features to bitcoin. Otherwise, bitcoin will forever be the king of the cryptocurrency industry. As for current altcoins, they are a centralized mess, and were created for the purpose of pumping and dumping, they do not bring any practical utility or application to us. None of them are qualified to challenge bitcoin's throne.
New blockchains are offering better features than bitcoin. Some of them even have lower but faster transaction cost. They are lacking one essential elements which is decentralization. Most other blockchains are centralized or semi centralized so their price can not create much appeal for investors to put money into them. Bitcoin dominance is not content. It also goes ups and downs like bitcoins price so we can not say bitcoin dominance will never go down.
Decentralization is the deciding factor in the quality and value of cryptocurrencies. If altcoins don't have them, they're nothing more than a pile of garbage created for purposes other than bringing us real solutions. As I see it, altcoins are just used for hype and pump and dump rather than actually providing truly useful utilities like bitcoin.
Anything created after Bitcoin may and probably will collapse, but Bitcoin will endure. Let us remember that. Bitcoin has weathered tough times on numerous occasions, yet it's still alive and kicking. I mean, look at the current price and how the market is moving; it remains relatively stable. One of the reasons for this stability is the trust of investors. We're actually seeing growth in numbers, especially now that we're likely heading into a new bull run.
Trust in Bitcoin and nothing else. You can invest in altcoins or any projects, but ensure that the majority of your investment is in Bitcoin. While some say it's quite risky due to its volatility, aren't we here to earn bigger returns? We're in a high-risk, high-profit situation, and we should embrace that.
From what has happened since the past there should be nothing to be afraid of or doubt about Bitcoin anymore, many storms have passed and Bitcoin is growing and growing, not only the price but also many people's trust in Bitcoin and even as time goes by Bitcoin's popularity is increasing with the amount of positive news and movements carried out to stimulate it, making many people know and believe in Bitcoin.Trust in Bitcoin and nothing else. You can invest in altcoins or any projects, but ensure that the majority of your investment is in Bitcoin. While some say it's quite risky due to its volatility, aren't we here to earn bigger returns? We're in a high-risk, high-profit situation, and we should embrace that.
The risk will always be proportional to the possible gain, and we are here to make a profit so that is very natural.
However, what happened to Bitcoin in the past makes me believe that the risk we face is time and ourselves to remain patient no matter what the conditions are because Bitcoin has a big enough opportunity to grow at any time even though it is in a difficult situation.
That's the best approach when you're simply holding your Bitcoin; you need a lot of patience to resist the temptation to sell. I've personally experienced that in the past. I sold my Bitcoin when the market was in a panic during my first bull run experience back in 2017. I thought the market would keep going up, so I didn't try to sell. I became more ambitious and greedy because I was holding without a specific target for when to sell my Bitcoin.
After that experience, it made me realize that the market is bound to grow. It may not be as stable as other investments due to its high volatility, but if we look at the bigger picture, it's easy to convince ourselves that we're heading in an upward direction.
Trust in Bitcoin and nothing else. You can invest in altcoins or any projects, but ensure that the majority of your investment is in Bitcoin. While some say it's quite risky due to its volatility, aren't we here to earn bigger returns? We're in a high-risk, high-profit situation, and we should embrace that.
I completely agree with you on this, we are here to make profits, but I don't understand why people always say stay away from altcoins and only invest in bitcoin, while not all altcoins are scams, there are many projects that still offer good returns. as long as we know what we are doing with our money, we can invest anywhere. if we want high profits, we must accept big risks, everything is proportional to each other. We are here to make a profit, not to prove who is right and who is wrong.
Just remember one thing.... Centralized services are not Bitcoin.... these are profiteers of this technology and they could care less about it. Yes, it is convenient to use these services... and they helped a lot as an on-ramp for Bitcoin adoption, but that is the only advantage of having them.
They are huge honeypots for hackers and corrupt insiders to loot and the scandal that follow their collapse, influence everyone that are using this technology.
They are huge honeypots for hackers and corrupt insiders to loot and the scandal that follow their collapse, influence everyone that are using this technology.
Anything created after Bitcoin may and probably will collapse, but Bitcoin will endure. Let us remember that. Bitcoin has weathered tough times on numerous occasions, yet it's still alive and kicking. I mean, look at the current price and how the market is moving; it remains relatively stable. One of the reasons for this stability is the trust of investors. We're actually seeing growth in numbers, especially now that we're likely heading into a new bull run.
Trust in Bitcoin and nothing else. You can invest in altcoins or any projects, but ensure that the majority of your investment is in Bitcoin. While some say it's quite risky due to its volatility, aren't we here to earn bigger returns? We're in a high-risk, high-profit situation, and we should embrace that.
From what has happened since the past there should be nothing to be afraid of or doubt about Bitcoin anymore, many storms have passed and Bitcoin is growing and growing, not only the price but also many people's trust in Bitcoin and even as time goes by Bitcoin's popularity is increasing with the amount of positive news and movements carried out to stimulate it, making many people know and believe in Bitcoin.Trust in Bitcoin and nothing else. You can invest in altcoins or any projects, but ensure that the majority of your investment is in Bitcoin. While some say it's quite risky due to its volatility, aren't we here to earn bigger returns? We're in a high-risk, high-profit situation, and we should embrace that.
The risk will always be proportional to the possible gain, and we are here to make a profit so that is very natural.
However, what happened to Bitcoin in the past makes me believe that the risk we face is time and ourselves to remain patient no matter what the conditions are because Bitcoin has a big enough opportunity to grow at any time even though it is in a difficult situation.
Anything created after Bitcoin may and probably will collapse, but Bitcoin will endure. Let us remember that. Bitcoin has weathered tough times on numerous occasions, yet it's still alive and kicking. I mean, look at the current price and how the market is moving; it remains relatively stable. One of the reasons for this stability is the trust of investors. We're actually seeing growth in numbers, especially now that we're likely heading into a new bull run.
Trust in Bitcoin and nothing else. You can invest in altcoins or any projects, but ensure that the majority of your investment is in Bitcoin. While some say it's quite risky due to its volatility, aren't we here to earn bigger returns? We're in a high-risk, high-profit situation, and we should embrace that.
Trust in Bitcoin and nothing else. You can invest in altcoins or any projects, but ensure that the majority of your investment is in Bitcoin. While some say it's quite risky due to its volatility, aren't we here to earn bigger returns? We're in a high-risk, high-profit situation, and we should embrace that.
Bitcoin's dominance in the market will never go away as it is the only decentralized currency with the best security. Bitcoin's dominance will only be shaken or replaced unless there is a coin with superior features to bitcoin. Otherwise, bitcoin will forever be the king of the cryptocurrency industry. As for current altcoins, they are a centralized mess, and were created for the purpose of pumping and dumping, they do not bring any practical utility or application to us. None of them are qualified to challenge bitcoin's throne.
New blockchains are offering better features than bitcoin. Some of them even have lower but faster transaction cost. They are lacking one essential elements which is decentralization. Most other blockchains are centralized or semi centralized so their price can not create much appeal for investors to put money into them. Bitcoin dominance is not content. It also goes ups and downs like bitcoins price so we can not say bitcoin dominance will never go down.
Altcoins do not lack the decentralized element, but instead they have removed the decentralized feature in exchange for speed and cheap fees. That was their choice and used them to advertise that they were better than bitcoin in every way but they failed because people need privacy, need decentralization. No one needs speed and cheap fees without being safe and controlled. That is why with thousands of altcoins created so far, there is still no altcoin that can replace bitcoin.
When the price of bitcoin falls, all altcoins will also fall, so it cannot be said that bitcoin's dominance is decreasing. If you check the chart over the past few months, bitcoin's dominance rate has sometimes exceeded 51%, which shows that bitcoin's dominance is eternal.
When I saw the benefits of having Bitcoin, I take it as a financial suicide not having Bitcoin.
Who would have ever known that from the start of 2021, that;
_ Luna would go to 0.
Upon all this event that has took place, the crypto industry would have completely collapse if not for the confidence and trust investors have in Bitcoin.
The rutile is definitely one way to put it and it goes with well enough specifics on what is the case with an individual, an investor, having to be in the cryptospace and not own a single Satoshi, the very coin that has preserved the space. Just how are people doing that because, I see it as a must get some.Who would have ever known that from the start of 2021, that;
_ Luna would go to 0.
Upon all this event that has took place, the crypto industry would have completely collapse if not for the confidence and trust investors have in Bitcoin.
I practically get scared with altcoins, not because of the many noises that goes around on how they are scammers coins but, out of experience, altcoins have never favored me and I mean, never.
I find myself questioning in my decision and it’s not just worth the stress. A few users might make it huge from altcoins but, good luck with that.
Which is why apart from being a day trader, I also make sure that I have sufficient bitcoin holdings to keep me safe during rainy seasons. It's bad enough that the market can just go under whenever it so pleases, so having a consistent and surefire earning asset like bitcoin in your portfolio takes the stress off of you cause now, you're pretty much aware and at ease knowing that come rain or shine, you'll earn money from bitcoin. I'm just hoping it continues to serve people for longer cause I want everyone in the crypto industry from now until say, 20 years in the future to at least experience what it was like getting bitcoins for the first time and expecting to earn shitloads of money. It's one of the greatest feelings out there.
When I saw the benefits of having Bitcoin, I take it as a financial suicide not having Bitcoin.
Who would have ever known that from the start of 2021, that;
_3AC(crypto biggest VC) would subsequently collapse.
_ Blockfi, Celsius and voyagar would go under.
_FTX would implode, and SBF being exposed as one of the world biggest fraudster in financial history.
_ Luna would go to 0.
Upon all this event that has took place, the crypto industry would have completely collapse if not for the confidence and trust investors have in Bitcoin.
It has kept the crypto industry running, just look at Bitcoin today, it's still standing strong above 27k.
If not for Bitcoin, we would have all went home sad.
Cheers to all the bitcoineers
Bitcoin certainly played a pivotal role in establishing the cryptocurrency industry, and it continues to be a major player in the market. Its creation introduced the concept of blockchain technology and decentralized digital currencies. However, it's important to note that while Bitcoin is a foundational cryptocurrency, the industry has evolved and diversified with the emergence of various altcoins and blockchain projects. Who would have ever known that from the start of 2021, that;
_3AC(crypto biggest VC) would subsequently collapse.
_ Blockfi, Celsius and voyagar would go under.
_FTX would implode, and SBF being exposed as one of the world biggest fraudster in financial history.
_ Luna would go to 0.
Upon all this event that has took place, the crypto industry would have completely collapse if not for the confidence and trust investors have in Bitcoin.
It has kept the crypto industry running, just look at Bitcoin today, it's still standing strong above 27k.
If not for Bitcoin, we would have all went home sad.
Cheers to all the bitcoineers
I agree the “halvining” is certainly a big deal for bitcoin and adds a very important feature to it that helps separate it from other cryptocurrencies as well as traditional currencies, but I don’t think this is really the main reason why bitcoin is still at such a high value comparatively to where it could be (much worse off). I honestly think the hopes and dreams of btc become much more valuable is sadly a much bigger reason why btc is where it is.
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