Topic: Stop chasing the "next" bitcoin (Read 1407 times)
"It will go high if you buy" is the simple logic behind the up-gradation of Bitcoin. Bitcoin is the only digital asset which can be hodl for a longer duration so besides chasing the so-called "next" it is good to hold the existing.
most of them aren't really at fault. they are just poor newcomers who entered a big market and were suddenly bombarded by a huge wave of advertisement which were promising them riches beyond their wildest dreams so they ended up buying a ton of useless tokens which have been continuously losing value
That's why knowledge is power and without knowledge on what you are doing you will easily get rekt and that what happens to those newbies who entered this industry with pure greed in their hearts and taken the bait of multiple folds of profit promises by some useless projects. I guess there is nothing to blame but themselves because they didn't do proper research and never acquire knowledge about what they are doing in this very wild industry of Crypto Currency. 
most of them aren't really at fault. they are just poor newcomers who entered a big market and were suddenly bombarded by a huge wave of advertisement which were promising them riches beyond their wildest dreams so they ended up buying a ton of useless tokens which have been continuously losing value
So true,in every type of investment there will be the new ones,the one who entered with small to 0 knowledge at all willingly to learn through experience and im one of them luckily my first experience in bitcoin is a success so im good with it but not to those investors who burnt tons of money last time they invested.We cant blame them yes ofcourse they are just risking like us they just did enter at the wrong time, 
This is very true. We may not get any next btc but we can get altcoins which can grow tremendously and give investors enough profit. To me what matters most is making profit out of my investment and once any coin can do so for me, that is my next btc
Indeed, there will be restrictions with bitcoin, but frankly I still really hope that bitcoin will continue to be loved and hunted, until now there is no big breakthrough from altcoin and still not and it is still very difficult for altcoin to replace bitcoin. starts when will there be a strong altcoin that can replace bitcoin? ethereum, until now, still depends on the growth of bitcoin. 
In my opinion, it really depends on the crypto knowledge and financial literacy of the investor. If you don't know anything about the other coins claiming to be the next bitcoin, try to learn about them first before putting eggs in them. Personally, I don't have much time to learn about the other coins that are proliferating like mushrooms, so, I stick to BTC and ETH mostly.
Most of the altcoins claiming to be the next bitcoin are fraud. They will give good graphs/comparison table how they beat bitcoin. But guess what? Most of them ended up in those tables and not gaining any popularity from the market. They can promote their project as long as they want but gaining trust is another thing. This is the Golden rule of any investors. You should always keep at least half of your investments in bitcoins. Bitcoin is the king of crypto and it should be in everyone's portfolio.
Everyone knows already about this and I don't know why people would care to see another coin that will replace Bitcoin. How this satisfaction plays right now, I don't think that they have such word in their mind. Chasing for another bitcoin will just end into nothing cause we can't even find another one.
BTW, what is the Golden Rule of investor? I never knew it.
This is the Golden rule of any investors. You should always keep at least half of your investments in bitcoins. Bitcoin is the king of crypto and it should be in everyone's portfolio.
This is very true. We may not get any next btc but we can get altcoins which can grow tremendously and give investors enough profit. To me what matters most is making profit out of my investment and once any coin can do so for me, that is my next btc
In my opinion, it really depends on the crypto knowledge and financial literacy of the investor. If you don't know anything about the other coins claiming to be the next bitcoin, try to learn about them first before putting eggs in them. Personally, I don't have much time to learn about the other coins that are proliferating like mushrooms, so, I stick to BTC and ETH mostly.
The OP is absolutely correct. There was a time when we regarded Ethereum as Bitcoin 2.0. But a few years later, we understand that it is not the technology, but the brand name which matters. Ethereum is more advanced than Bitcoin, as far as the technology is considered. But then, it is not the original cryptocurrency that was invented by Satoshi Nakamoto.
Im a fan so I will stick with btc and eth. Seems some have no loyalty and that's exactly what we talking about when we say people are chasing the next bitcoin. What they really mean is the next thing that they can make a profit for. This means the absolutely miss the point of crypto entirely.
Indeed, we need to up the technology of bitcoin first before we find something to replace it otherwise it would repeat the things where bitcoin failed at. Besides, there are many coins that are at par with bitcoin right now, only difference is their application--like eth and xrp. To be creating a new "bitcoin" is very counter-productive.
Well, the only thing that bitcoin is not good at for me is their fee's when it comes in value I have nothing to say about it but when you combined the value and the fee's it can destroy your belief. Once bitcoin increase the fee also increases. I think we should just work on the problem of bitcoin and stop chasing what is better than bitcoin. If fee's problem solved for sure it will leave a big impact on the bitcoin industry that can lead to its successful again. 
The OP is absolutely correct. There was a time when we regarded Ethereum as Bitcoin 2.0. But a few years later, we understand that it is not the technology, but the brand name which matters. Ethereum is more advanced than Bitcoin, as far as the technology is considered. But then, it is not the original cryptocurrency that was invented by Satoshi Nakamoto.
Therefore, most people prefer to work with Bitcoins, although they do not refuse from holding alts. As I have noticed, successful traders and good investors have 70-60% of BTC, and the rest is reliable altcoins.
It is easy to collect altcoins, from airdrops and bounty campaigns. On my part, I have never purchased alts for Bitcoin. My entire altcoin holding came from bounty campaigns and airdrops (converted a large portion of that to BTC/ETH as well). The same can be said about forked coins such as Bitcoin Cash and Bitcoin Gold. I never purchased them. I received them after the fork.
Indeed, we need to up the technology of bitcoin first before we find something to replace it otherwise it would repeat the things where bitcoin failed at. Besides, there are many coins that are at par with bitcoin right now, only difference is their application--like eth and xrp. To be creating a new "bitcoin" is very counter-productive.
Lol, this is so true. I urge everyone to really put the majority of your investments on bitcoin to avoid getting REKT in the future. Well, you can still invest on some altcoin but at least the your portfolio should be like more than half on bitcoin, just saying.
This is quite true because we already knew that a lot of founders who have made another cryptocurrency brands their platform that it will be the next Bitcoin. We cannot blame the founders if this is what they want and due to uncontrollable instances, their plans wont just fit in the right way. Bitcoin is bitcoin and other Alternate Cryptocurrencies are there because of Bitcoin. What we can do is invest on different Alternate Cryptocurrencies that also has values but do not invest all of your money in a single Crypto.
There are good projects out there and there are promising ones but at the end of the day, we still end up looking at the price of Bitcoin. Nothing wrong with spreading your investment with other coins but invest heavily in Bitcoin. I say 60% or 70% to Bitcoin and 30% goes to alts or other tokens.
Exactly!Bitcoin is still considered the king of all crypto investments.There may be potential coins coming but still in the end,no other coin beats bitcoin.So it's really a good and profitable idea to invest more on bitcoin because this will surely give us good profits than investing on other altcoins and still end up losing.
I think that people who try to chase crypto especially the "next bitcoin" completely miss the point of having and using crypto. For them it's just to make more fiat which is so silly. They are the none believers.
It makes me think of the meme that says "if you don't love me at my $3k then you don't deserve me at my $100K" it is so true.
While a lot of altcoins have been bad investments. Some have provided ROIs higher than Bitcoin!!
https://coinmarketcap.com/currencies/goldcoin/#markets
This is exctly why I say if you missed the btc rally there still plenty of coins to buy. Where did you hear about this coin btw? Did you buy some? What made you invest?
It makes me think of the meme that says "if you don't love me at my $3k then you don't deserve me at my $100K" it is so true.
most of them aren't really at fault. they are just poor newcomers who entered a big market and were suddenly bombarded by a huge wave of advertisement which were promising them riches beyond their wildest dreams so they ended up buying a ton of useless tokens which have been continuously losing value
While a lot of altcoins have been bad investments. Some have provided ROIs higher than Bitcoin!!
https://coinmarketcap.com/currencies/goldcoin/#markets
This is exctly why I say if you missed the btc rally there still plenty of coins to buy. Where did you hear about this coin btw? Did you buy some? What made you invest?
most of them aren't really at fault. they are just poor newcomers who entered a big market and were suddenly bombarded by a huge wave of advertisement which were promising them riches beyond their wildest dreams so they ended up buying a ton of useless tokens which have been continuously losing value
While a lot of altcoins have been bad investments. Some have provided ROIs higher than Bitcoin!!
https://coinmarketcap.com/currencies/goldcoin/#markets
The OP is absolutely correct. There was a time when we regarded Ethereum as Bitcoin 2.0. But a few years later, we understand that it is not the technology, but the brand name which matters. Ethereum is more advanced than Bitcoin, as far as the technology is considered. But then, it is not the original cryptocurrency that was invented by Satoshi Nakamoto.
How is Ethereum more advanced than bitcoin, no one saw ETH as the bitcoin 2.0, the people who have no idea what it is might have had that idea and the price of bitcoin is not about the brand value it is more of speculative platform and an investment platform right now and once the scaling issues are sorted and the lightning network are well established then we will see the real value of bitcoin as a global transaction platform.Perhaps they think that Ethereum can overtake BTC in terms of price because I'm sure you know that at one time, ETH was really flying, a lot of money is pouring in their market and they thought that they can absolutely be the number coin. However, even ETH that time encountered scaling issues causing some network problems as well. So people decided to stick with Bitcoin only and up to now, no one even get close to how popular Bitcoin is.
People should stop hoping now, that a new coin is coming to become the next Bitcoin and they are trying to find it in the ICO, which continues to scam people and preach that they are the next big thing, people should stop hoping that the coin they are holding will make them 1000 times profit, gone are these days.
The OP is absolutely correct. There was a time when we regarded Ethereum as Bitcoin 2.0. But a few years later, we understand that it is not the technology, but the brand name which matters. Ethereum is more advanced than Bitcoin, as far as the technology is considered. But then, it is not the original cryptocurrency that was invented by Satoshi Nakamoto.
All crypto coin makers certainly hope that their coin creation can be as popular and expensive as bitcoin. In my opinion it is a natural desire, even a necessity that will spur developers to improve their technology so that it can be like bitcoin.But to this day no one can approach it, bitcoin is already far above the sky while altcoin still has to wrestle with trade which is sometimes a quiet transaction. Maybe for the next 10 years no one can compete with bitcoin.
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