Topic: It is only Bitcoin and nothing else - page 3. (Read 1498 times)

Bitcoin is not a payment system. Its way too slow. Using Ligthning is not really Bitcoin.
People flock to Bitcoin due to its FIAT value. I guess greed is a great motivator.

It is true that people have now learned to understand about Bitcoin. How profitable Bitcoin as a payment method is easily understood by those who pay through third parties. Bitcoin is attracting attention from all over the place like from the payment medium, the investment sector and the financial crisis. Although there are numerous investment mediums around us, people are extremely interested in Bitcoin. I myself am trying to collect bitcoins by following DCA. Because I know that all other currencies may give some profit temporarily but they certainly lose their value in long run because they have no basis. After a long period of holding if some one lost his assets by scam or holds any sheet he himself is liable for this. So i think There is certainly no alternative to investing in Bitcoin to build a reliable future.

Altcoins are created largely in order to make money on them, almost everyone understands this, but there will always be those who understand these risks, but will still try to make money on it, in the short term. I don’t see anything wrong with this if you understand what you are doing, when you need to buy and when to sell so as not to lose money, but if you do it without understanding, then it will be a bad idea.

The entire market is moving behind Bitcoin, only from this it becomes clear who is in charge in this market. I remember a few years ago Ethereum was worth about $50, I admit at that time I thought that it would never get out, and I see no reason why it couldn’t fall so low again, despite all its improvements.

People do this, in part, because they want to use bitcoin as a store of value instead of having to trust and deposit money in 3rd party services like banks. Or many people believe that bitcoin's ability to bring profits will be better than other fields, so people will accumulate profits from traditional fields to invest in bitcoin. I am also someone who is accumulating money outside to invest in bitcoin because honestly, there is no one who doesn't want to get bigger profits. When comparing returns between bitcoin and other businesses or investments, bitcoin clearly has the upper hand. I think that's why someone who knows about bitcoin will focus on bitcoin more than any other field.

Therefore, it is important for us to realise our initial intention whether we want to invest or gamble in the hope that the shitcoin purchased will get a pump.
I certainly did the first option because at the end of the day when we talk about investing in cryptocurrency then there is nothing more suitable apart from bitcoin and that is the only thing we should realise.
There is no need to give a lot of reasons to know this because there is already a lot of evidence that with bitcoin in our hands we are actually comfortable investing. I always say things like this because I have felt that bitcoin helps my finances better even though I may still not be categorised as a rich person because of bitcoin but when my needs are met from my investment in bitcoin then that is enough to make evidence and confidence in bitcoin even greater.

Bitcoin is the best currency to invest in the crypto market and long term investment yields good returns while investing in any other currency is far less certain. Altcoins rise in value depending on bitcoin. There are many sheet coins in the crypto market they do not last long in the market investors suffer a lot if they invest they lost everything. Therefore, you should have a good idea about which currency to invest in know when that currency comes to the market how much the maximum market rate has risen what kind of profit will be available in the future. Bitcoin is the world's future finance in cryptocurrencies investing in this field is definitely a smart thing to do. Even if other currencies are threatened there is no negative impact on bitcoin.

Yes.. ethereum is different from the vast majority of other shitcoins because it is the mother shitcoin out of whose asshole many other shitcoins flow. (thank Saifedean Ammous for this expression)  Does not make ethereum very special in terms of not being a shitcoin, being worthy to invest into in the long term and/or not being vulnerable towards going to zero quickly.


You are already starting out bad in your description of what bitcoin is.  

bitcoin is not merely a leading coin.. it is the coin that set forth the standard, and the other various shitcoins are trying to emulate it or to proclaim that they are better, and maybe they are not really doing anything but figuring out a way to print their own coin to make founders and other early adopters rich in the style of various ponzi schemes.

So bitcoin is in another category. .to the extent that it cannot be replicated in ways that shitcoiners try to set forth as if it were actually possible.


I agree with this last part of your post.. even though from my perspective the set up in order to reach your conclusions was not that great.. but hey whatever, you do you... and I will do me and object from time to time.

You are not the only person going through a similar experience, there are so many others who may have suffered worse as a result of misplacing their money. Many trends have passed with various fundamentally weak coins, DEFI, NFT and other shitcoins, almost the majority of these coins have disappeared from circulation which has caused huge losses for investors.

Only Bitcoin, always Bitcoin and forever Bitcoin will be a safe store of value. When you have a suitable and safe place to store value, never ignore it because everything else is just temporary hype. Meanwhile, Bitcoin has been proven to be able to withstand major shocks such as difficult times during Covid and other negative news spread by parties who feel their business is threatened by the presence of Bitcoin.

I consider ETH to be different among the altcoins that we usually think about. But of course, Bitcoin seems to be the leading coin in the crypto space which allows a holder to earn a profit, unlike those project that looks promising, raising millions during pre-sale but has no substantial to continue growing. This is the reason why we become confident of accumulating Bitcoin despite the risk because of such profitability features that most altcoins don't have. Though I invested a few altcoins, still Bitcoin got huge chunks of my investment capital.

There is a power within compounding and exponentials... so if the BTC price is going up through the years, and maybe not very clearly over a few years, but over a cycle or two, you are able to see a kind of stablizing and building upon itself in such a way that after a certain passage of time, it becomes quite difficult to push the BTC price below certain price points. 

So for example in 2013, when I first got into bitcoin it was likely becomeing more and more difficult to go below $100, and then after the BTC price went up to $1,163 and then corrected back down into the $100s.. it started to become quite difficult for the price to even go below $200.. .. even though bitcoin naysayers were proclaiming that we would be seeing double digit bitcoin. .but it did not end up happening.. .and the same was true after 2017 when people were proclaiming that we would be seeing BTC prices in the $1,000-ish arena, and the lowest it got was $3,124.. and even had a lot of that time that it was mostly above $6k, and probably the same is becoming true in regards to $20k being much more difficult to breach.. but surely $10k is difficult to breach, and if you have been into bitcoin for a while, then you likely have been accumulating BTC for quite lower prices, and there were many opportunities to accumulate bitcoin for less than $10k before late 2020.. and even if there were periods above $10k, there were a hell of a lot of opportunties to accumulate bitcoin below $10k prior to late 2020.. so it seems quite likely that sub - $10k coins is gone forever...   ..

and there is also likely going to be a time in which sub $30k coins are no longer a possibility.. even though we cannot really know how long it is going to take before we can start to feel a certain level of confidence that the BTC price will never go below $30k again.. just likely we can have a certain amount of increasing levels of confidence that BTC prices will never go below $10k, $1k, and/or $100... It is not guaranteed.. but fairly high levels of confidence begin to develop with the further distance that the BTC price gets from those prices and also that certain lower prices become harder and harder to achieve.. and it surely already could be the case that sub $20k will never be seen again, even though a lot of people seem to be thinking that sub-$20k has decent odds of happening... but we are already below the 200-week moving average for extended periods of time (which is currently at $27,903 and going up at nearly $14 per day), and it is just starting to seem unrealistic to be expecting BTC prices to even stay below the 200-week moving average for as much time as it has already been spending below the 200-week moving average in the last year and a half.

I have never seen any altcoin trying to compete with bitcoin because in the end if this is likened to a caste system the actual difference remains very different because bitcoin is the king and altcoins are only able to follow not rival.
That is a definite condition because since I have known crypti no one can really compete with bitcoin as a whole because they will not be able to.
Saying bitcoin is dead is just one of the alibis where those who can't get bitcoin at low prices and they start trying to attack some weak people in holding bitcoin to sell their assets.

Bitcoin is an asset that we should have for the future. Because Bitcoin has a limited supply and of course if Bitcoin has been completely mined. Then we will see big changes occur, either it will increase the price of Bitcoin due to soaring demand, or it will become increasingly difficult to get because holders will hold onto their Bitcoin and don't want to sell at a cheap price. So in this context we can take advantage of the opportunity to continue buying and holding Bitcoin while Bitcoin is still below its highest price.

In fact, if you look at what has happened so far, of course the Altcoin holders have experienced huge losses because coin prices have fallen by almost 99%, such as Luna and FTX . So forget altcoins and choose Bitcoin as the safest asset for us to invest in the long term. I even see that many of those who entered from 2015 or above are now making quite large profits from holding Bitcoin for a long period of time. So there's nothing wrong with following their steps by buying and holding in the long term.

I realized a long time ago that no crypto other than bitcoin is trustworthy. You can try your luck and invest in a funny token, but most likely you will be left with nothing.

Many coins have tried to compete with BTC in the past but they all failed. Even some hi cap altcoins you think will never die easily, they also fade away sometimes. But one thing about Bitcoin is that it is always there and always strong. Even when people will say that bitcoin is dead, it will prove them wrong and resurrect. Bitcoin has died so many times.
Anyone who doesn't want to gamble with their money should embrace bitcoin as many altcoins are just gambling coins which might give you big profit today and mare you tomorrow.

Bitcoin is the only coin to hold for a long time to earn from cryptocurrency. A person can earn good amount from Bitcoin if he invests for a long time. There were many tokens in the past that are now dead, and investors who invested in those tokens lost a lot of money. Most shitcoins pump for a short period of time, but later those coins turn into scams, once those coins die they have no value. That's why if you want to make a video, you must think about it. If we invest for the purpose of making a profit, we can never invest in any other coin except Bitcoin. Investing in Bitcoin alone is possible to make a profit, and will always incur losses and lose money.

The altcoin market is not like gambling, more precisely, it is pure gambling disguised as investment. I find it funny that even traditional companies with solid potential like Apple or Google. They all have real products and are making billions of dollars every day, but they have never dared to confirm to shareholders that they will definitely be profitable. Meanwhile, cryptocurrency projects have no specific products other than ideas listed on paper, always affirms that it will bring high profit rates to investors, LOL.

Altcoins are gambling and if anyone wants to get rich quickly they can throw money into it, but don't regret losing or blame bitcoin as a scam after losing money with altcoins.

That's right, if you want to share the risks, then you should not do it in altcoins, which will most likely only increase your risk of losing money, but these should be more reliable investments. I believe that the main idea is to transfer the profits from cryptocurrencies to more conservative investments, business, real estate or other sources with which you are familiar. Often, everything happens the other way around: people make a profit in the real sector and transfer money to crypto, and it’s good if it’s Bitcoin.

I think the number one rule that exists in investing is not "diversification" but rather "know what you own". Owning small altcoins just to make profit is gamble, unless you have strong fundamental conviction on why those altcoins are superior to other tokens. The same applies to stocks and fiat currencies.

Personally, when I buy an asset, I try to ask myself "why I think this asset will give me more financial freedom in the future?". I have extremely high conviction in Bitcoin for multiple reasons and I am a Bitcoin-only holder but! this doesn't mean I don't own other assets. Of course I do, but not from the cryptocurrency world. Diversification is indeed important, but buying altcoins doesn't mean you can diversify well enough.

Another point to be made is that most altcoins exist on Ethereum's blockchain. Here is a list: https://cryptoslate.com/blockchain/ethereum/. This instantly gives super power to Ethereum, which you must never forget, is PoS, meaning the highest bidder can change the rules.

People who say that investing in altcoins is diversification are people who don't know the meaning of diversification in investing, and they are just repeating what others have said. Everyone knows that the cryptocurrency market depends on bitcoin, if bitcoin falls then no altcoin will be able to rise, so what is diversification in this case?
Furthermore, is diversification really as good as many people are saying? I really don't see any use in it if our goal is to find the best profit. I mean, we all know bitcoin is the best rising asset and if we just invest 50% in them and 50% in gold. That doesn't help us maximize our profits, it only reduces our profits. On the contrary, if we focus 100% on bitcoin, our profits will be maximum. Diversification should only be applied when you have a large amount of capital and want safety over profits, it is not effective for small investors like us.

We keep seeing people tells others to diversify but looking at the currency they are promoting are loads of shitcoins that mostly has no future at all.
they seems not to understand the meaning of safety investing ,  and with that Only can guaranteed with 100% sure of returning the favor though sometimes it may took years to taste.
even how high the price of bitcoin now , but purchasing the value or the amount you can afford to altcoin is the one that will make you a full secured and worth a wait investing.