Topic: Nothing compares to BITCOIN, know this and know peace - page 2. (Read 465 times)
Decentralization is one major argument, the other equally important argument is that Bitcoin is developed by hundreds of highly skilled enthusiasts. It's possible to imagine that someone tries their best with their altcoin project and maybe their idea has some potential, but it's not likely to succeed because there's just a few people working on it. So it's like 99% of altcoins are scams, and the remaining 1% will fail anyway, so Bitcoin hss no alternatives.
Beginners, if I were you I would be less worried about Bitcoin, it's proven already, and I will be more worried about others, the journey of making money through Alts is full of thorns, stay safe out there.
They will never understand this.Bitcoin happens to be the safe zone for newbie investors in the cryptospace although, you’ve got to be well disciplined and equipped with a great amount of patience not yo be moved by the FUD that drags the market most times.
Many might prefer altcoins because it’s relatively cheap and if you’re lucky, you could make over 1000x on your investment but is it always the case? You guys know better from experience and with that, you know where to direct your investment funds.
Beginners, if I were you I would be less worried about Bitcoin, it's proven already, and I will be more worried about others, the journey of making money through Alts is full of thorns, stay safe out there.
They will never understand this. They keep flaunting of how much they've gained with their alts but that's not the point. Yeah, they've made some but what's next? They're going to take a look for the next gem?
Whilst Bitcoin was already a gem that's never been gone and whatever the trend is, Bitcoin has remained to be there. No matter what buzz words they use just to make people get along with them.
Nothing beats Bitcoin and no matter how trying hard new projects are to dethrone it, will never happen a lifetime.
As far as somebody or a group of people on the project then it's not decentralized. It can only be decentralized when it is not owned or controlled by any entity. It's very difficult for coins to achieve this. That is why they're very few. The people creating the coin want to make money and they won't be able to make money from it if they do not have control over it. You can make money from something you don't own.
There's no point getting enticed by these projects. Oftentimes I see phrases like "this is the new Bitcoin" and so on. They're all bullshit. They come with so many incentives but you should know that they're shit.
I don't think there's anything wrong with investing in altcoins, even if it's to get rich quickly. If they feel they can invest in a coin that can give them 10X their investment in a month then they can go ahead.
What they should know is that that is all that coin is. It would most likely die off after the hype.
People should know that these are short-term and very rriskyinvestments. If you feel it's worth it, then fine.
There's no point getting enticed by these projects. Oftentimes I see phrases like "this is the new Bitcoin" and so on. They're all bullshit. They come with so many incentives but you should know that they're shit.
But I deeply believe that people who buy alts to get "rich quick" don't give a shit about decentralization, P2P, the freedom that cryptocurrencies can offer or the founding principles of Cypherpunks.
I don't think there's anything wrong with investing in altcoins, even if it's to get rich quickly. If they feel they can invest in a coin that can give them 10X their investment in a month then they can go ahead.
What they should know is that that is all that coin is. It would most likely die off after the hype.
People should know that these are short-term and very rriskyinvestments. If you feel it's worth it, then fine.
I'm sorry but that maximalist speech toward beginners is just boring and misleading as hell. Bitcoin is here since almost 15 years now, so if it could change the world alone, that would already have been done. Unfortunately unlike many altcoins, it hasn't evolved during its long lifetime, it is still slow (10minutes by confirmation) and expensive(you have to pay several dozens of cents at least by transaction) and technologies used to try to enhance it like Lightning Network are not satisfying, they are not convenient to use and they are not adopted by merchants and platforms. What is currently fueling interest toward cryptocurrencies is non-Bitcoin technologies like smart contracts, web3 dapps, Defi, NFTs, dex, etc. And I think global adoption can come from them, because they are bringing new use cases and services to humans.
Bitcoin hit $100 mid 2013 and reached $1000 early 2017 which is a distance of about 4 years showing that the early investors also needed patience to reach certain price targets as we do now.
Bitcoin is a long term project, altcoins are short term gambles that we should not take if we cannot bear the risk involved.
Yes, I totally agree with this statement of yours as written above, because this day you see a lot of newbies investing in Bitcoin with the mindset of getting g rich overnight as if the project became that successful overnight, forgetting the fact that it take the project a whole 4 years to hit it's first $100 and likewise taking it good 8 years to hit another milestone of $1000, of which whoever that is investing in Bitcoin now should know that in other to make good profit out of it, one just need to hold it 4 years or more, as it's one project that have proven to stand the test of time. Bitcoin is a long term project, altcoins are short term gambles that we should not take if we cannot bear the risk involved.
Bitcon is here; 10 X might not come anytime soon, but anyone who holds for a long period of time will definitely enjoy the benefit of holding rather than running to some projects for fast profit, which turns out to be the opposite for them most times, losing money while chasing profit.
People should also remember that 10ⅹdid not come quickly in the past.Bitcoin hit $100 mid 2013 and reached $1000 early 2017 which is a distance of about 4 years showing that the early investors also needed patience to reach certain price targets as we do now.
Bitcoin is a long term project, altcoins are short term gambles that we should not take if we cannot bear the risk involved.
- Jay -
-snip-
Treat Bitcoin as Bitcoin and treat Altcoins as Alts, because that's what they are, at the end of the day nothing really compares to Bitcoin.
Yes. Another term to put something in its place. Don't work as a gardener to do construction work because they are not related to each other.Treat Bitcoin as Bitcoin and treat Altcoins as Alts, because that's what they are, at the end of the day nothing really compares to Bitcoin.
Bitcoin is BTC that will always be there even if they don't ban it and Bitcoin is not an altcoin.
Beginners, if I were you I would be less worried about Bitcoin, it's proven already, and I will be more worried about others, the journey of making money through Alts is full of thorns, stay safe out there.
The OP is right that don't worry too much when the price is having trouble moving. Bitcoin is not only limited to price, but there is something more valuable, namely its value, including all the advantages contained in bitcoin.Let me add again that Bitcoin is not a fraudulent coin. So for beginners, don't worry even though on the way you will get various negative issues about bitcoin.
the journey of making money through Alts is full of thorns, stay safe out there.
It's not easy to make money in any category. We can say that making money with bitcoin is like climbing a mountain with stones.
We have to be patient and keep climbing and dodge the stones to reach the top.
We have to hold strong, keep holding while avoiding the minor dumps in between to reach a new all time high.
Some deceive newbies by telling in bitcoin they can easily earn money by just buying bitcoin or on investments they like to join. That's why there are times that newbies fell short especially when they invest on hyip or other scams in this industry. Its good to be realistic by teaching anyone about bitcoin so that they will not expect something huge without doing anything. Research is always important even if we buy bitcoin since its technicalities is also important matter than need to consider.
the journey of making money through Alts is full of thorns, stay safe out there.
It's not easy to make money in any category. We can say that making money with bitcoin is like climbing a mountain with stones.
We have to be patient and keep climbing and dodge the stones to reach the top.
We have to hold strong, keep holding while avoiding the minor dumps in between to reach a new all time high.
more newbies have no patience for Bitcoin. they know Bitcoin is best, but what they want is profit in a short time. beginners come for the meme coin project. hope that the fast pump will bring several times the profits. some focus on altcoin trading with their gambling for lack of better skills.
until in the end, they will realize by themselves that Bitcoin is indeed the best for them. they just need better planning and patience to get maximum results.
until in the end, they will realize by themselves that Bitcoin is indeed the best for them. they just need better planning and patience to get maximum results.
To make money out of you guys, they give promises using buzzwords, if they don't feed you lies how will they get your attention?
Bitcoin is decentralized but their new project is also decentralized and it comes with new features blah blah blah.
Let regulations come, let the pressure hit them hard, they will slowly shed their skin and move back to the centralized sides.
Many new initiatives strive to appear decentralized in order to attract investors' interest because many people are now well-informed and educated on the effects of centralization in cryptocurrencies as a result of their previous experience with FTX, Luna, and others. The new project teams claim to make everything about the project transparent, but restrictions will force them to betray their commitments.Bitcoin is decentralized but their new project is also decentralized and it comes with new features blah blah blah.
Let regulations come, let the pressure hit them hard, they will slowly shed their skin and move back to the centralized sides.
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I have watched few privacy coins that called themselves decentralized turned back, I have watched a few decentralized projects turning centralized all of a sudden, they knew that nothing compares to BITCOIN.
No decentralized coin will be like Bitcoin because I don't think that there will be complete transparency because the project will have team members behind it.Quote
Beginners, if I were you I would be less worried about Bitcoin, it's proven already, and I will be more worried about others, the journey of making money through Alts is full of thorns, stay safe out there.
Bitcoin investment is the most secure and reliable investment in cryptocurrency because Bitcoin is transparent and has less risk compared to altcoins. 
This is another strategy that new projects use to get investors, telling them they will have been rich if they had bought bitcoin cheap 8 years ago, but now it is so expensive that they can never own a single unit of it, then in comes their cheap, promising coin/token which will in a few years replicate the growth of Bitcoin and you have the opportunity to buy early.
I have come across this kind of promotional statement by some already failed projects and some that are still struggling to survive; many of them even talk about it on the AMA. using it to convince people that this could be the next opportunity to grab what they couldn't in the time of bitcoin, which usually makes me look at such projects as scams as they don't have anything that they are truly capable of doing rather than their cheap convincing pattern.
Most people usually fall for the talk, while others don't, but it's really important if people can be able to detect lies from projects that talk so much about doubling their investment, as what I usually take from such talk is that the project owners are so much interested in doubling whatever they have invested in their scam project and rug pull.
Bitcon is here; 10 X might not come anytime soon, but anyone who holds for a long period of time will definitely enjoy the benefit of holding rather than running to some projects for fast profit, which turns out to be the opposite for them most times, losing money while chasing profit.
There is a difference between the currency being decentralized by design, but due to mismanagement or use, it turns into a centralized model, and the currency being centralized from day one but making false promises that it is decentralized.
Also, the use and belief in the idea is what makes this currency decentralized in addition to the possibility of making a profit. If the miners do not get profits from bitcoin mining, then the currency will become centralized or distributed, similar to Ethereum and some networks such as BSC, which says people try to believe that it is decentralized, and in every hack Coins are frozen in wallets.
Grin is an example of a privacy coin, but without development and an increase in price, it will turn into a dead crypto.
Also, the use and belief in the idea is what makes this currency decentralized in addition to the possibility of making a profit. If the miners do not get profits from bitcoin mining, then the currency will become centralized or distributed, similar to Ethereum and some networks such as BSC, which says people try to believe that it is decentralized, and in every hack Coins are frozen in wallets.
Grin is an example of a privacy coin, but without development and an increase in price, it will turn into a dead crypto.
Bitcoin is decentralized but their new project is also decentralized and it comes with new features blah blah blah.
Once the dev of a project starts to compare themselves to bitcoin just know that there is a high probability of that coin turning into a scam coin. Because of one em’ dev just want to captivate the attention of those that are into bitcoin by presenting their project as an advancement to what bitcoin has been able to achieve and if you take a closer look at the project you’ll find out that it has nothing to offer and the devs are only just sugarcoating the whole thing to make it look better.
Decentralization is the grand master utility in the crypto space, which unfortunately many projects can't wrapped themselves around, many new developers know this, but they got to make money anyway.
To make money out of you guys, they give promises using buzzwords, if they don't feed you lies how will they get your attention?
To make money out of you guys, they give promises using buzzwords, if they don't feed you lies how will they get your attention?
Lying is the only key word every scammer or scam projects know how to do well. If they don’t do that, they can’t make a fortune of their investment. Now, the newbies coming into crypto having been told about how people make it rich in crypto falls for their cheap and honest lies without having time to do their own research about the project they are been told to invest. Some newbies already know that bitcoin is the best investment too, but waiting for the time bitcoin would even go X2 is what they can’t wait for and will rather go for other projects that don’t have ROI even for a long time. Let it be know that bitcoin is the only decentralized cryptocurrency, asides from bitcoin, you’re just taken a risk into an investment.
But I deeply believe that people who buy alts to get "rich quick" don't give a shit about decentralisation, P2P, the freedom that cryptocurrencies can offer or the founding principles of Cypherpunks.
The opposite of "get rich quick" is "get poor quick". And many people have experienced the latter than the former. Yes, only few people have really made a lot from investing in other coins. Most of the good news of investing in cryptocurrency is for those that own bitcoin. Some of the good news coming from altcoins are not all proven to be true but to lure their victims into investing again in their new projects.
Bitcoin is decentralized but their new project is also decentralized and it comes with new features blah blah blah.
Once the dev of a project starts to compare themselves to bitcoin just know that there is a high probability of that coin turning into a scam coin. Because of one em’ dev just want to captivate the attention of those that are into bitcoin by presenting their project as an advancement to what bitcoin has been able to achieve and if you take a closer look at the project you’ll find out that it has nothing to offer and the devs are only just sugarcoating the whole thing to make it look better.
People should also be aware that the bitcoin train has not moved yet.
This is another strategy that new projects use to get investors, telling them they will have been rich if they had bought bitcoin cheap 8 years ago, but now it is so expensive that they can never own a single unit of it, then in comes their cheap, promising coin/token which will in a few years replicate the growth of Bitcoin and you have the opportunity to buy early.
We may have majority of the supply already mined but we still have like 29 halvings to go which will have significant impact on the price plus the majority of the population is still yet to really know about or use Bitcoin, meaning we are still early birds.
- Jay -
This is another strategy that new projects use to get investors, telling them they will have been rich if they had bought bitcoin cheap 8 years ago, but now it is so expensive that they can never own a single unit of it, then in comes their cheap, promising coin/token which will in a few years replicate the growth of Bitcoin and you have the opportunity to buy early.
We may have majority of the supply already mined but we still have like 29 halvings to go which will have significant impact on the price plus the majority of the population is still yet to really know about or use Bitcoin, meaning we are still early birds.
- Jay -
But to get your attention, to make their marketing strategy hits, they need to use the BuZz WoRds.
Treat Bitcoin as Bitcoin and treat Altcoins as Alts, because that's what they are, at the end of the day nothing really compares to Bitcoin.
Some buzzwords such as DEFI have been used by centralized exchanges to deceive people that they offer decentralized services. Some of them claim that they are decentralized and even offer P2P services. Sometimes I wonder how Binance and Coinbase will claim that they offer such services meanwhile they will always ask for KYC. Don't be moved by these buzzwords because they don't mean what you think. Take time to read about the services they claim they offer and it will be clear to you that they are nothing but highly centralized platforms. Bitcoin has no competition, no altcoin has proved otherwise for now. Treat Bitcoin as Bitcoin and treat Altcoins as Alts, because that's what they are, at the end of the day nothing really compares to Bitcoin.
But I deeply believe that people who buy alts to get "rich quick" don't give a shit about decentralisation, P2P, the freedom that cryptocurrencies can offer or the founding principles of Cypherpunks.
The opposite of "get rich quick" is "get poor quick". And many people have experienced the latter than the former. 
I have watched few privacy coins that called themselves decentralized turned back, I have watched a few decentralized projects turning centralized all of a sudden, they knew that nothing compares to BITCOIN.
Yes. BTC While the fundamentals continue to improve and what we really have to optimize here is the security and convenience of price and flexibility and buy before the fork otherwise you will probably pay more for bitcoin than it will be worth right after the fork and now you know everything you need to free your money from banks and fiat currency and don't convert your BTC to shitcoins
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