Topic: The last Resort is Bitcoin, Soon the Realization Sooner will be the Peace (Read 207 times)

Decentralized exchanges are growing too but since they are decentralized they aren't really advertised as much as the centralized ones that have dedicated funds for such advertisement so their growth is slower. There is also differences in interfaces and features that may seem less convenient to some hardcore traders. Trading volume in some cases is a factor too.

Well why people not talk about peer-to-peer exchanges , which is probably where people can trade safely ..even by holding their coins into their own hardware wallet or any other exchange ... Thats what i believe Cex was meant to give people a chance to earn by being trustworthy.. But looking at current situations ..it seems most of them are involved in some or other mess... and ultimately Bitcoin comes out to be winner in all these Hue and Cry in the crypto world...

This is not specific to altcoin exchanges, but it is happening to all centralized exchanges. Lest we forget that MtGox was a bitcoin exchange that scammed people and caused a crash in 2013.

I agree with your general tone about bitcoin being the only viable option and altcoins being useless, but I'm not sure what you are suggesting here is true about bitcoin being able to fix the issue with centralized exchanges and the risks involved when using them. The only viable solution to the CEX mess is to start using DEX.

How does Bitcoin solve the problem of scammy exchanges? The original exchange exit scam happened with Mt. Gox - a Bitcoin-only exchange. Bitcoin protocol doesn't have in-built fiat trading capability, so there must be exchanges in the ecosystem, and p2p exchanges like real life meetings, direct bank transfers and DEXs can't fill the full demand for exchanging BTC and fiat, because not all people want to trade in such risky way. That's where centralized exchanges come in, but because they are not properly regulated, there's a high chance of them doing shady things that eventually make them collapse.

But the market is easily manipulated by people behind the pump-and-dump schemes.  See for example the current downtrend of Bitcoin.  With FTX's bad news, the price easily bottomed to $15k+.


I don't find it wrong to trade with altcoins, the reason behind trading is to get profit, so why disable the option of getting more profit and fast phase trading that can be observed in altcoin market.  We just need to be vigilant of the scam projects and frauds that disguise as cryptocurrency projects.


There is always rise and fall of a company, even company that take advantage of Bitcoin shut down.  Company bankruptcy is normal.


So you are saying you fully grasp Bitcoin completely?



I always believe that in due time, another cryptocurrency will take over Bitcoin's dominance.  There is nothing constant in this world but change.  and besides, you cannot replace yourself same goes with Bitcoin. 


We all hope this thing to happen, more adoption, more demand, which will result in higher prices and thus more profit for early takers.

Bitcoin is the pioneer in the crypto market. That's the reason why bitcoin is so popular right now. People have invested millions of dollars into mining bitcoin which keeps the network secured. So it is safe to say that bitcoin is expected to have demands always.

But I don't think we should be one sighted at all, especially when it comes to investment. There are many other cryptos in the market which are excellent as well and have different use cases which are practical. We should not overlook them for our own benefit.

Bitcoin is good but there are other cryptos which are good too. So bitcoin should not be your only last resort. That's stupidity!

This is happening already as you can see many people on the look for bitcoin to secure the economy frombthe collapse of fiat through inflation and recession threat.


Obviously right, just because of the recent dip down the $16,000 where the bitcoin price goes make some FOMO by many of it investors but still rebounce back to $17,000 while we all are familiar with some ugly events on other few cryptos who couldn't regain back their stand than falling completely including some centralized exchanges, this makes bitcoin the best and no other recommended one aside it well secured over the years in full operations.

The time has come when people start to realize that Bitcoin is the only Cryptocurrency which could actually give everyone the Power of Freedom from the orthodox manipulated financial system..

The Ongoing Events in Crypto Industry has proven again that Bitcoin being the mother of all .. is the only resort where people have to stop and rethink about investing and being rich is a day ..

This is the kind of Lollipop that is been fed to people , through social media, publishing houses and various other resources , when Bitcoin took backseat and other crypto and altcoins being raised so much because of hype..

The cloud is clear now, and every crypto enthusiast has to go through this phenomena of switching back again from investing and trading into Bitcoins rather than altcoins, where everyone could have a share of his own happiness of safety and security..

Most Altcoin Exchanges sustained for a period of 1-3 years , and somehow are on the verge of getting closed, due to this (fraud to innocent people)

One more thing according to my observation people have not even taken a grasp of Bitcoin completely 3-4 years back when this all hyped altcoins and exchanges came into market with the intent of making fortunes in a jiffy, where is some has already managed to do so, on the people's money..

This situation seems like a political system of a country when one of the other exchange promises to be fair and secured ..but when it comes to people's money all are falling like a pack of cards ...

"Its rightly said, Only One Cryptocurrency can replace Bitcoins and that is Bitcoin Itself"

Let's hope Bitcoin should reach to maximum people and everyone should feel safe and secure like always ...