My understanding is that when Bitcoin was created and its value gradually increased in the market, as time passed, many investors continued to believe and invest in it. And as time passed, its popularity continued to increase.
And the name of Bitcoin rang even more when the altcoins that became clones of Bitcoin came out, which caused BTC's dominance to accelerate. And because of this, altcoins have helped increase the belief of others about Bitcoin as well. Therefore altcoins won't be created without Bitcoin.
Topic: If not for Bitcoin - page 2. (Read 695 times)
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
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
The fact is that even if the price of Bitcoin was 5000, he was and will be more alive than all the living. The fact is that its blockchain is old and slow, as the situation with the ordinals flow showed, but Bitcoin is immortal. Even if its use does not become widespread, it has been and will remain a speculative tool that investors will never abandon. Institutions and banks have mastered how to make money on it by manipulating the price, and they will never give up such an instrument.
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.
A throne indeed, Bitcoin has certainly set a standard for itself out there in the crypto space and many people are still in the crypto space because of the reliability of Bitcoin.
People invest in Bitcoin is here because of Bitcoin. People gamble here with altcoins only because of altcoins, they are not here because of Bitcoin and if they leave, it's because of their losses with scam altcoins.Quote
Although most of these altcoins are shitcoins but there is still a fact that we can't deny About some of these coins and that is the ability of some of these coins to also pump very high along with Bitcoin during the bull run and if you lucky to purchase the right coins you can also make lots of cash from their pump although it's very risky because the same way they pump so fast that equivalently the same way they dump so fast too.
They have pumps without Bitcoin because they are centralized projects with most of circulating supply is in their founders or developer teams. It's easily to manipulate those altcoin market with centralized token distribution. In a Bitcoin bull run, cryptocurrency market gets more attention and many newbies will join it but unfortunately they choose altcoins to gamble, not choose Bitcoin to invest. 
And I have to agree with the fact that Bitcoin will now and forever dominate the cryptocurrency market and remain strong, as we know many previous events have disrupted Bitcoin and it is also predicted that someone will replace Bitcoin's position, but Bitcoin remains strong.
In the future, there may be more coins entering the market, but bitcoin will remain the main one and continue to dominate the market as its popularity and interest will continue to increase. And Bitcoin is the only blockchain-based cryptocurrency that has been built since its inception. In terms of market capitalization, Bitcoin is the highest market capitalization that cannot be replaced.
In the future, there may be more coins entering the market, but bitcoin will remain the main one and continue to dominate the market as its popularity and interest will continue to increase. And Bitcoin is the only blockchain-based cryptocurrency that has been built since its inception. In terms of market capitalization, Bitcoin is the highest market capitalization that cannot be replaced.
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.
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.
This has been very proven in Bitcoin with its continued dominance in the market so that until now there has not been any altcoin that has been able to beat Bitcoin because basically there is no altcoin that has superior features than Bitcoin. And it seems that many people have realized that Bitcoin will indeed continue to be king in the cryptocurrency industry because others have not been able to compete with Bitcoin apart from only being able to pump and dump after being created by their own developers. 
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.
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 everyone realizes the importance of bitcoin, there is no one who does not know about it. But greed made them rush into altcoins, centralized exchanges, and forget about bitcoin. I bet you that even if there are more altcoins crashing, people will quickly forget about it and continue to invest in altcoins instead of bitcoin. As long as people cannot control their greed, there will always be people investing in altcoins and altcoin projects will continuously be created.
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.
Through this incident most of the people who are hard believers of altcoins and focusing much on altcoins for higher profit could've understood the reality of the market. If bitcoin is dependent over altcoins, now this could've been a collapse, but the reality is completely market depends over bitcoin which had kept the market progressive amidst the occurrence of more failures.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.
Once we had a situation where anything tokenised used to bring good revenue to the venture capitalists as well as the users invested on it. Within specific time period the project goes unlisted. From that situation things improved and now other forms of fraud happening through centralized services. Users have got more opportunities to correct themselves and now it is a big learning.
And I have to agree with the fact that Bitcoin will now and forever dominate the cryptocurrency market and remain strong, as we know many previous events have disrupted Bitcoin and it is also predicted that someone will replace Bitcoin's position, but Bitcoin remains strong.
In the future, there may be more coins entering the market, but bitcoin will remain the main one and continue to dominate the market as its popularity and interest will continue to increase. And Bitcoin is the only blockchain-based cryptocurrency that has been built since its inception. In terms of market capitalization, Bitcoin is the highest market capitalization that cannot be replaced.
In the future, there may be more coins entering the market, but bitcoin will remain the main one and continue to dominate the market as its popularity and interest will continue to increase. And Bitcoin is the only blockchain-based cryptocurrency that has been built since its inception. In terms of market capitalization, Bitcoin is the highest market capitalization that cannot be replaced.
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.
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.
Through this incident most of the people who are hard believers of altcoins and focusing much on altcoins for higher profit could've understood the reality of the market. If bitcoin is dependent over altcoins, now this could've been a collapse, but the reality is completely market depends over bitcoin which had kept the market progressive amidst the occurrence of more failures.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.
Once we had a situation where anything tokenised used to bring good revenue to the venture capitalists as well as the users invested on it. Within specific time period the project goes unlisted. From that situation things improved and now other forms of fraud happening through centralized services. Users have got more opportunities to correct themselves and now it is a big learning.
When I saw the benefits of having Bitcoin, I take it as a financial suicide not having Bitcoin.
Financial suicide? What if you don't have capital to invest in Bitcoin? Should you kill yourself or go the extra length to get money by all means just to invest in Bitcoin? Note: I'm not saying being extremely pro-bitcoin is a crackpot position, just making a comparison in the specific case of a chat with Buffett.
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.
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.
that, if not for bitcoin, I wouldn't have gotten all this knowledge i've gotten so far for free but all thanks to the forum and bitcoin.
Of course, I think bitcoin is the central point in cryptocurrencies. Around which all markets revolve (with some exceptions). Due to which traders gain the most focus and knowledge in the market on Bitcoin.If there was a possibility of bitcoin crashing like any other coin, then like you, we would not be able to gain knowledge about bitcoin.And we've seen this happen with Bitcoin before. But later it returned to its original form. This is nothing new, bitcoin is not destroyed, it will rise again and surprise everyone.
And I have to agree with the fact that Bitcoin will now and forever dominate the cryptocurrency market and remain strong, as we know many previous events have disrupted Bitcoin and it is also predicted that someone will replace Bitcoin's position, but Bitcoin remains strong.
In the future, there may be more coins entering the market, but bitcoin will remain the main one and continue to dominate the market as its popularity and interest will continue to increase. And Bitcoin is the only blockchain-based cryptocurrency that has been built since its inception. In terms of market capitalization, Bitcoin is the highest market capitalization that cannot be replaced.
In the future, there may be more coins entering the market, but bitcoin will remain the main one and continue to dominate the market as its popularity and interest will continue to increase. And Bitcoin is the only blockchain-based cryptocurrency that has been built since its inception. In terms of market capitalization, Bitcoin is the highest market capitalization that cannot be replaced.
The only thing I agree is Luna because this is an another coin, which completely has no relation with Bitcoin.
While 3AC, Blockfi, Celsius, Voyager, and FTX were a centralized sites e.g. exchange, lending, hedge fund that people use to hold their Bitcoins, so even you're trust Bitcoin, you will lose your coins if you hold it in a centralized sites.
Luna is an independent crypto but I think when it collapsed it affected the market as a whole in a negative way. The trauma it caused is so big. This is why everyone still hates the people behind it. I think FTX has its own token or stable coin called FTT and maybe other companies in the list has it as well, but the ones that shake the market is their collapsing platform.While 3AC, Blockfi, Celsius, Voyager, and FTX were a centralized sites e.g. exchange, lending, hedge fund that people use to hold their Bitcoins, so even you're trust Bitcoin, you will lose your coins if you hold it in a centralized sites.
Storing cryptos inside them can earn some profit but it's not recommended since they are centralized. They can freeze, control, etc.. our money aside from the danger of getting hacked. If people want to hold for the long term, they should do it on a dedicated crypto wallet, preferably decentralized one.
I think Bitcoin occupies a very big place in this crypto world. Maybe if this happens one day, it means that later the crypto market will be much worse. But I don't think bitcoin will ever sit still. Because everyone is interested in investing in bitcoin and its past history shows that investing at the right time has been the reason for everyone's success. Again this may happen if one day Bitcoin goes down then the crypto market will be active. But since people are more interested in investing in Bitcoin, the market will be very tight. But it seems that it will gain a strong place in the future.
No matter how legit a coin is, as long as it's not Bitcoin you still can't be sure that you won't get scammed. There are many projects that are very promising and you don't expect them to collapse because you don't see anything negative about them. But what happened, the project collapsed. All I can say is that there are many projects like Bitcoin that are legit but because the future cannot be predicted, there is still a risk that it might disappear. So if you really want to avoid this kind of scenario, focus on Bitcoin.
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
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
Somehow Bitcoin already has a very solid foundation because its the first cryptocurrency and probably going to be the foundation of all of these projects, to be honest, if Bitcoin dies for sure these blockchain projects are going to die for sure since the main cryptocurrency Bitcoin die already, yes it might not be connected at some point but the fact that no one is going to trust Bitcoin for sure is going to hit other secondary projects which probably not going to happened this days considering how Bitcoin adapt already all over the globe.
For sure in this kind of investment there are always hype involved that's making it risky considering we do not really have any kind of tangible assets on cryptocurrency all of the market prices are just supply and demand meaning it just depend on pure speculation, in the coming years we might not see Bitcoin anymore or might not exist anymore, so these secondary projects have higher risk because they are full of hype and speculations.
I understand, and you're not alone. Many are cautious of altcoins. However, not all altcoins are scams. Ethereum and Ripple provide new technology and ideals to crypto. I agree about the sentiment-driven market; Bitcoin is everyone's big brother. Everyone moves when it does. But why? Is it sentiment or more?
Imagine if every coin had sentiments. Would the market be stable or chaotic? Bitcoin is powerful while being decentralized. I advise you to diversify, investigate, and never put all your eggs in one basket, even if its flashy and called Bitcoin.
To be on more safer one, never expects the very best from the market because they tend to make frustrated and disappointed. The market is volatile, this minute we watching the bullish candles pumping and next minutes we experienced a bearish candles that would changed our face to frowned ones. Bitcoin have aides some of these top investors in the space, making them top back to full position with there current stands in the market. From day one it has always been bitcoin, though I've invested in other alternative projects but I keep 100% concentration on bitcoin. Imagine if every coin had sentiments. Would the market be stable or chaotic? Bitcoin is powerful while being decentralized. I advise you to diversify, investigate, and never put all your eggs in one basket, even if its flashy and called Bitcoin.
diversification is still advisable even in this market so as not to avoid total liquidation of your assets when one of your coins go down without a warning. and as we have seen, bitcoin remains its position, despite of all the setbacks the crypto market encountered throughout the years.
and as much as possible, diversity your portfolio outside the crypto market. it is better to have tangible assets that you can fall back into if all else fails in crypto market. we can never be sure in this market, even btc is not an exception for the possible collapse of this market.
Yeah cheers to bitcoiners and that is one reason bitcoin has been referred to as the king of all other cryptocurrencies, maybe I'm not comparing bit I'm just saying that despite all the challenges bitcoin has experienced, it still stands strong even today unlike other coins that would have crashed.
Alot have happened already in the cryptocurrency industry and your captions speaks of the good of bitcoin and I see this post more of testimonials and I want to also qeue in to say that, if not for bitcoin, I wouldn't have gotten all this knowledge i've gotten so far for free but all thanks to the forum and bitcoin.
Alot have happened already in the cryptocurrency industry and your captions speaks of the good of bitcoin and I see this post more of testimonials and I want to also qeue in to say that, if not for bitcoin, I wouldn't have gotten all this knowledge i've gotten so far for free but all thanks to the forum and bitcoin.
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