Topic: If not for Bitcoin - page 3. (Read 696 times)

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.

I've got the idea what you were talking about, but I like to stay on the safe side. That is the reason why I always choose Bitcoin. This is not something that I don't diversify my investment. I do it within the Bitcoin investment. The simple solution is DCA. To me, I call it diversification of my investment. I don't have any problem with other coins but just to be on the safe side I invest only on Bitcoin. Other people have other kind of opinion about this. That is the reason the market is still moving because there are people trading other coins. That's not my problem, they can do whatever they want. This is just my personal choice.

And I don't think it is totally based on sentiments. Some of the old coins that has been around for a while will most likely follow the trend of Bitcoin. It's not you and me, it's the people who connect the dot to create the sentiment. Most of the new coins or maybe some of the old coin could potentially move based on hype and trend. There could be sentiments involve in it, but it is most likely hype and trend.

So yes it is not always sentiments, but if you want to look at the major coins' movement they are most likely happening because of sentiments attached to Bitcoin. And yes Bitcoin is not the only investment that I do, I have other businesses too.

Of course, I also think that without Bitcoin, cryptocurrencies would collapse even more. But I think it won't. Because Bitcoin is a trusted asset. Everyone is more interested in investing in it than fearing its depletion. But of course it will never be fixed. There is no need to get excited about the situation when the market may change.This is due to the fact that the coins/tokens also fluctuate in price in the market and some tokens disappear from the market. But it does not mean that bitcoin will be exhausted. So we have to change our thinking. Because bitcoin is going to be stronger in the future.

There have been destabilizing events in the crypto market, both related to specific coins and to centralized platforms (wallets and exchanges). Confidence in Bitcoin sometimes decreased after such events, which can be seen in sudden decreases of the price. However, I agree that overall, enough confidence clearly remained to push through the bad times.
That being said, I just wanted to point out that similar things have happened with the traditional economy and fiat currencies. We've seen huge financial crimes committed by major banks, we've seen a lot of bankruptcies and many fiat currencies struggling with high inflation, and yet people continue putting their trust in the system. So maybe it's partially simply in our nature to stick to something, even if it's not perfect and occasionally fails us, because trying something different feels too risky. Of course, in part people are involved into the traditional system by force, it's really hard not to participate in it. But still, people could try to become more independent of it, and yet the majority doesn't try that.

If I remember correctly, luna's ATH is 120$ and compare it to the current price of 0.4$, do you see any value in it? I don't keep track and don't know how much it has increased but $0.40 is nothing compared to the price it once reached and creates a lot of false hope in people that it will increase further. Luna probably won't fall to zero but will never return to its ATH, but bitcoin will definitely recover and make a new, higher ATH. Therefore, bitcoin is always the safest and correct choice on the market, don't waste your time with projects that will scam you at any time.

Well, right now, the Luna in the market, according to the value it has, is around 0.4$ each. I'm not saying to invest here; I just want to show that it has increased, at least compared to the time when the SBF scandal was still fresh. Anyway, until now, Bitcoin has remained the top choice for long-term investment among other cryptos.

Just make sure that if you're going to hold Bitcoin, you put it in a cold wallet or hardware wallet, not in any exchange that is categorized as a centralized exchange, so that at least Bitcoin won't be disturbed. It's good to be careful. ..

Do you know that those who do store their funds or savings into exchange are likely to lose their funds because they aren't in control of their funds and to whatever that happens over there affects their savings generally.
If everyone applies carefulness and never compromised their keys or revealed it to people there is no way anyone will come mention about hack, collapse and whatsoever, it is the ignorance people around the crypto industry not to make their researches on what form exchange and cryptocurrencies they should invest on, as for bitcoin, I have a strong confidence and the lost in bitcoin is subjected to amount of patient you would exercise for the market to gain back another ATH then you will recover the lost.

Good advice. You are right that the creator of the topic is very greedy, thinking that if he managed to copy one piece of content that was not noticed, and he also received a lot of merits, then he could safely steal and copy it in the future. The OP was very wrong here.

https://bitcointalksearch.org/topic/m.62957994

Setting aside whether other cited events are valid, the fact that Bitcoin is still here perhaps due to the trust of its investors, makes it sustainable. Bitcoin is a good investment as long as you can manage the risk.All assets whoch are dependent with demand only needs to establish trust on its industry and Bitcoin managed to do so.The thing here is that a project is independent from one another and its failure just causes FOMO and negative impression but that depends on how an investor would manage the risk. Perhaps FTX’s issue, many investors doubted this industry in an instant, making assumptions that it is not safe. However, experienced investors remained calm and continued doing their thing.

It's bitcoin that gives other coins life and when looking at it you very well without bitcoin other cryptocurrencies won't have a value today, what I understand concerning bitcoin is that Bitcoin a cryptocurrency that gives value to other cryptocurrencies, but doesn't know, luna coins has being established long time but it's still struggling to meet up like other  altcoins that is have small live when bitcoin price is low, holding a coin for long time should not be altcoins but let it be bitcoin because it is a coin that have long stays and I know very well bitcoin have a strong volatility and it's not comparable with other coins

These projects are reinventing strategies so that they'll be trusted by the people. That's why the best thing is to be wary of any project whether they seem to be good or not. We will never know what's with their schemes whether they're new to us or not but then, in the end game of it it's always them that will win when they reveal the true them.

Right.
It's so hard to trust new projects today and that's why for everyone's sake, just invest to Bitcoin first and whether you want to try something new. Make it known to yourself that you're able to invest on it so that you won't make a mistake that you'll regret forever.

Cheers, becasue its decentralized, Cheers because its secure, Cheers because an immense community standing behind it, Cheers because Bitcoiners know everything about Bitcoin, Cheers because there's nothing hidden (Transparency), Cheers Becasue its characteristics, and properties can bring freedom, custody and evolution you always needed. Cheers, it can be your savior.

Cheers because it BTC & Cheers Satoshi did it, Cheers what you need he knew, and now Cheers because people are realizing.

Hmm, I think its enough motivational and answered, OP what you've studied will read you if you impose proper decision making and financial planning with it. Information can can your mindset and can boost your motivation as by such analysis you can be more confident on your decision. Use it as your key principle to never fail in the race. Bitcoin brings a lot all you need is to study and realize.

Well the answer is that many, many that do their research and no just follow hype or trends would have know this would happen or better still anticipated that anything is possible in Crypto-currency and you are meant to also think about the worse possible outcome.

SBF isn't an upright man and if you had looked at his past and that's before the FTX case you would know he had some history of ingenuity. There are always hints and clue you are meant to fix up that can help in carrying out the right decision in crypto-currency but to find them you have to do your research.

Also the cases you wrote is not in any relation with Bitcoin, because some people that had issues with FTX are bitcoiners but rather your approach to crypto-currency is more important than what you are holding .

Other altcoins can still be controlled by their owners while bitcoin is not, for example Luna collapsed because of its owner, FTX collapsed and FTT tokens because the owner was corrupt and stole billions of dollars and many others collapsed with large companies resulting in many losses for those who stored there.

Bitcoin is not like that, bitcoin is self-owned when you hold it in a personal wallet that can be controlled then it is safe will not collapse even if the price drops it can indeed recover because the bitcoin cycle is up and down.

Now that I no longer believe in holding altcoins even though some say other big altcoins, I will put that aside and stick to the principle of still having bitcoin in my own wallet.

Bitcoin is still Bitcoin forever and we only need to have it to maintain the value of our money well. Most people believe in Bitcoin and because Bitcoin also all this still survives even though we don't know how the next story even though it happened without Bitcoin born.

Speaking FTX is a exchanger, not like Bitcoin which is a decentralized currency, and also no one controls Bitcoin like other shitcoin in the market today, then if you look in the mirror from the FTX case, it is important to store your bitcoin in the most place Safe and you yourself have access to your bitcoin.

Reflecting on the Luna case that made many people lose their money in that night a very bad event in 2022, if you read the project in depth about Luna, you really want to be made a backup, then buy Bitcoin for their stable coins, of course the calculation is not Logical and that that makes them destroyed, don't be able to believe in the Shitcoin project even though it has been established for years.

All that you mentioned collapsed because they are centralized and anything centralized can collapse, because it is vulnerable to attack and the owner might have a purpose of using it to scam people of their hard earned money. This is why bitcoin remains the king of all cryptocurrency due to its decentralized nature because it is an open source project. All other cryptocurrency are duplicate of bitcoin and nobody should dare invest in them only if you want to gamble with your funds. Also don't trust anything centralized as they only care about how to extort you.

If you convert your coin to monero using bisq, it can't be traced. When you use coinjoin, it can't also be traced because 10 people will send the same amount of bitcoin to 10 different wallets at the same time.

I believe we all know that at some point all this projects will fail as investors begin to lose interest in their service, the industry wasn't built on the reputation of those project so even though they leave the market the market will still be active as it was here before they came. Binance exchange been the biggest, even though it fails (which is evitable) that doesn't mean the industry failed because the market will still be active and running. The reputation of the industry is built on Bitcoin, without Bitcoin there will be no cryptocurency industry which is why it's recommended to invest in Bitcoin and ignore alternative currency or other services been offer that promise doubling your capital like staking and the rest. Build your foundation on Bitcoin and no matter what happens to the rest of the market, you won't be rekt.

The price of Bitcoin will only be affected by this misfortune and that's because a majority of them happens during the bear market and since there's already fear sentiment in the market people begin to panic and sell their Bitcoin which affects the price but only for a short while. The collapsing of project happening only add strength to the saying of buying only Bitcoin and forgetting about any other currency in the market and also it encourages the use of decentralized P2P exchanges.

Even if there are cases of scams or the closure of exchanges, the crypto market will continue to operate. There are still many exchanges or other projects that are still operating their businesses. And Bitcoin can still survive negative opinions about Bitcoin.

And as others said, we cannot compare Bitcoin and altcoins. Teams still run the altcoins project. And if the team is not working well, it will affect the project's development. It does affect the crypto market and although it also affects Bitcoin, Bitcoin can still rise. Currently, Bitcoin can still survive and it is just a matter of waiting for its moment of revival.

And there are still many people out there who don't have Bitcoin. It doesn't affect them because they are still trying to survive too. And those of us who choose crypto also have to endure waiting for the crypto market to recover.

Going back to Luna and what Do Kwon has been doing all the time with the project, many thought that he was legitimately doing something else that encourages the market to buy more Bitcoin as that's what his project has been doing. But on the other side, we don't know that his plans are evil and it's just a show that the media is reporting about his projects buying Bitcoin like being a reserve. Moving on, most of the lending projects weren't trustworthy at all. They look good at the beginning but the business model that they present aren't sustainable, we've seen a lot of them fell already.

The popularity of cryptocurrencies has grown so much because people trust them. It is very important to have faith or trust in every matter. If we can't trust or believe in something then we will not get peace by investing in those sides or anything else. FTX is the biggest scam ever, SBF has ruined many people's lives. Even after such a big fraud in crypto platform, people still trust this platform. If this kind of fraud is constantly happening then maybe people will lose their trust from this platform.