Topic: Reasons why I prefer Bitcoin over any other assets and dips don't panic me.... - page 7. (Read 1633 times)

See I am not saying you all to agree with me as it's my personal choice to only invests and hold bitcoin for long term.

But to answer your questions which altcoins are you specifically telling that are better than bitcoin in all terms? You should list them as well so others know about it.The other altcoins could provide you good returns if we compare them with bitcoin but it's not the only factor which we should look at .

Ok you said about returns so let me directly compare it.The past few days or month's shiba Inu and dogecoin both rallied under Musk influence and we see doge also entering the top 10 on CMC and Shiba Inu insane growth but does it mean they are better than bitcoin? What's the security and guarantee they will give returns over long period? Their price is way too low and the market cap easily be manipulated like you could buy huge amount of coins with low amount also but that's not the case with btc at this moment.

For example MicroStrategy holds 122,478 bitcoin at this time which they bought for billion of dollars through DCA but that's little portion of supply and that's make bitcoin decentralised and you can't heavily manipulate the market but on the other side these shitcoins have no future not many nodes to take security and verify the transactions and whales hold most of the supply.So according to me they don't stand any chance against bitcoin.

the most important thing is that bitcoin is an investment that is long-term.of course an investment has a ratio of ups and downs in a price but that doesn't make miners panic with the decline in bitcoin prices, this feeling besides functioning for an asset that can be maximized in the long term bitcoin also can be released when we don't want to be in the crypto world because the prices are not yet stable.because in my opinion it's better to buy at an expensive price than having to buy at a cheap price like at this time

I agree with the premise, but I disagree with the only having to have Bitcoin as your knowledge increases. I think it mainly depends on the size of your bankroll to be honest. The more money you have I believe the higher Bitcoin allocation you should have. But if you have $500, it may make sense to have none at all.

For me, I don't think it is about the replacement of Bitcoin but just the confidence that when you invest in Bitcoin you are bound to certainly make profits from your investment if you truly follow through and this is not to say that there are no other Alts that are reliable but as we also know, most Alts price are mostly a reflection of Bitcoins price. I believe overall, Bitcoin is still the ultimate investment option.

Which altcoin is that, know altcoins is better than bitcoin because all the altcoins is under influence of bitcoin, bitcoin is the origin of cryptocurrency, the coin can be use to compare with bitcoin in terms of feature cryptocurrency is ethereum but not really that the two is in competition.

That is the same reason why a lot of us here also prefer bitcoin more than any other assets. For like three years now I have treated bitcoin like a normal bank account, I put money into it and I also use it to receive money, and then I would leave the money there like I would do a normal bank account; there is always funds in my cryptocurrency wallet and I am always benefiting from it.

I was only scared of leaving money in bitcoin when I was still new, but when I realized how good it is and how it works, I stopped being afraid of holding money in it, because I know that after going it would still go back up. What I would do is just to avoid spending from that wallet at the moment the market is down.

I also like bitcoin but I feel you have shown just one side of the picture. There are some altcoins which have better features than bitcoin. Like some have very less fees while others are much faster than bitcoin. It is common sense that any coin which has better features than bitcoin and is more friendly to use overall will replace bitcoin in future. So if you have the time to analyze such coins, it is better to go with them. When they become mainstream, you will make higher profit than by investing in bitcoin.

This example was actually presented by Ratimov on which we have discussion about the same on that topic .The least ROI is actually which is less than all others if we compare but in reality this is not the case with gold because it has not given any returns to the user and on contrary basis the negative return is not less but diminishing returns if we also take the inflation rate according to that period of time.

The price of bitcoin was around $19783 back in 2017 to the extent I remember on 17^th jumping a little bit from two days period of $19500-$19600 so it is approximately $20k which i mentioned and you would find lot of articles claiming it to be ATH just as an example for many as we have seen.So the main point was see how it has grown if we compare bitcoin investment with all other financial assets in the economy to give the holder's profit over long time.


Yes owning some kind of business under your control is other best option as you make profits and utilise them but if we are seeing investments then i don't find any more options apart from bitcoin as you have also seen gold is now not a safe heaven anymore and you will not get any returns even if you hold it for some more years.Real estate was good option as you could have good returns over short period of time but you need some huge investment in that sector and it was profitable for me also.

But the things changed with this pandemic as real estate market hit hard due to people saving rather than spending on buying building and houses and the market didn't show any huge positive growth sign this year but still it's good compared with the gold.


But at last bitcoin seems feasible to me due to many factors and inflation guard is one of them.

as we know bitcoin can be expected to invest because of its good price. although the price of bitcoin goes up and down but investing in bitcoin is a very profitable investment. if we look at people who have bought bitcoin in the past, now we can see that they have made a profit from it. The ups and downs of the crypto market make many people afraid to invest in bitcoin or other cryptos even though it is commonplace and we don't need to panic when facing it, stay calm and do your best.

Everything you say makes sense, only a newbie doubts the future of Bitcoin. That's why newbies often panic and end up doing a cut loss once
the Bitcoin price falls. But for investors who have been in the crypto world for a long time, seeing Bitcoin price drop they see it as an opportunity
to buy Bitcoin again. Because Bitcoin will always go up higher if the price goes down, therefore many institutions are boldly investing long-term
in Bitcoin. That's because they have learned in advance about Bitcoin price movements, so don't hesitate to invest in Bitcoin in the long term.
Bitcoin is indeed the safest asset for investment, so it's no wonder Bitcoin should be the first choice if we want to invest.

^ It is well said because we know already and understand that BTC will give us the potential of having profit while keeping this in a long term.
Those people who have panicked during the market downturn and most likely are new on this market. If we draw a conclusion on the chart about the previous price, there is no bull market, the market is probably up and down but it will always end up of climbing the price which is we have already reached the ATH this year twice. That is the reason why I prefer to invest in BTC than others because nothing can be compared to a good investment.

We know more about Bitcoin because of its impressive market growth that certainly attracts people to invest but, we can never stop them as well to think bad and even get panic once the market falls like this time.
It was to know that Bitcoin becomes a unique project in the market that can never be compared to others, not only because of its gaining potential but most of all, we trusted this more than any coins exists in crypto and that gives a reason why the majority stick to Bitcoin than altcoins.

Owning businesses with pricing power is probably the only good option.  Treasuries are a promised loss due to inflation.  Gold hasn't moved in a decade.  The overall stock market will likely benefit from inflation, but if the consumer is squeezed we could see another 2007 style crash and even though home and stock prices should be rising, if everyone is spending all their money on food that just won't happen.  I suspect this will be the end result at some point.  Until then, 'dance while the music is playing' as they say.  Just make sure not to be the last one out the exits...  I'd love to push real estate right now, but prices being 50% higher than the peak of the housing boom and people leaving their jobs during a period of high inflation has me thinking that the rental market isn't where I'd want my money parked.

The majority only knows about "Bitcoin", not "Cryptocurrency", and only they know about investment, not a currency. So the reason why people are coming to crypto is simply that they wanted to invest and hold (and get panic), not to use this to buy stuff or whatever.

Well, that is pretty obvious how these newcomers will behave and think differently compared to old-timers but wanted to say that they have to change their mindset as well. It was their time also to understand the situation and keep their emotions under their control, otherwise, this will be a reason for their failure.

From your hypothetical instance of a $1000 investment in various assets spanning a decade, gold seemed to have been the one with the least ROI. Those who compare Bitcoin with gold should, at least, learn from that and know the edge Bitcoin has on gold. However, I noticed that you put Bitcoin price at ATH in 2017 at $20,000. I can't be sure that Bitcoin got to that price in 2017. I think it did less than that.

Again, we should also recognize that there are certain investors who don't like investing in Bitcoin no matter how you try to persuade them on that. I've one as a friend. What that invariably means is that the way you think Bitcoin is a safe Haven isn't the same way others do. Bitcoin, even though I've come to classify it as a phoenix; a cat with nine lives, has dipped many investors into debt just the same way alts have done too. There are people who bought at Bitcoin's ATH of 2021 and now that it has dipped over $10k in loss, they may not recover from that till 2022. Dips won't panic anyone if they don't have every of their penny into Bitcoin or any alt. That's why people are advised to invest only cash they won't miss in any project or crypto.

Same here. I've been there. No one can be blamed when everybody panicked during that time. I was a starter, and for someone who earns and profits here by just relying solely on bitcoins, it was terrible. If I had that faith before, I could have something to be proud of today.
I definitely agree with op that bitcoin is way dependable to HODL. Today, we hear people say "bitcoin" rather than "cryptocurrencies" and I think with that, it will still have a long journey, a permanent one in the future.
If people do have other assets today, may be its for a faster way of accumulating more but in my opinion, bitcoins will always lead. No need to panic.

Those who stayed and believe the existence of bitcoin way back at the time it was new was the one who is truly rich now. I remember the time I heard and know about bitcoin it already has a value of about $25-28, I didn't miss the chance but I didn't hold it for a long term and sold it before the market crashed the year 2018. I may say that there's missed opportunity because I may now be a millionaire if I had held it but I have no regrets also because I have used the earned profit that time to the important family matters.

All points made in your post are true and valid. But I think you should always be alert while investing in any asset. Even tough Bitcoin actually only went up in history doesn't mean it wont devaluate sometime in the future. Dips are there, like in any assets value and they are normal and no one should be scared but a devaluation should be a matter of concern since you can't really know what is going to happen to the market. But that's just in a very longer run, for now and the close future the market will surely be stable.

Well, it takes some missed opportunities first before you realize that bitcoin is legit and is here to stay. I understand because that's what most of anti bitcoin do before they change their minds and start believing in bitcoin. And the fact that you have faith in bitcoin, that no matter how low the price will go whenever price correction or bearish season hits the market, you will never resort into panic selling because you believed that bitcoin will always come up with new heights after every price fall happens. And this is the reason why i prefer to stay focused in bitcoin no matter what because i know it has high potentials to be more valuable in the future.

At the first place if we truly believes what bitcoin can do perhaps we are now very rich because of it.. Lol but unfortunately we have some doubts that time wherein the price isn't really high. and because as well of some fake news around the internet especially when it comes predictions and etc that bitcoin will not last, we really missed all the opportunities.  now probably we can say that bitcoin is totally legit because of the position right now in the market.  No doubts.. Lol