Interesting topic with much replies of Bitcoin Maximalists.
Never invest more than you can effort to lose!
My first 2 BTC I bought in 2012 for about $ 10,- and I sold them for $ 100 (too early!).
Then in 2014 I came back to crypto and was very enthusiastic about the Proof of Stake feature.
I got 125k free ENRG and bought BTC to buy more ENRG.
I still think the Proof of Work for BTC is a waste of Energy and that is the reason I never invest in BTC, I only use it to exchange for fiat.
Many discussions on BTC meetups why do not use BTC for the ENRG use case.
ENRG is now more than 5 years and still no stable fair value on the markets and a very limited budget for development.
I left de dev team but I got a nice return on my initial investment (time and money) but it took more than 4 years to success.
Unfortunately, the exchange rate for ENRG is back to Satoshi values of 2014 and not a very active community.
Investing in Alts much more gamble than holding some BTC, but you have to believe in the project and have patience.
BTC not for me (because of the environmental impact).
Topic: This is why I am so frustrated with bitcoin - page 9. (Read 9239 times)
At first place, Bitcoin is the most popular cryptocurrency and most trusted so you can't blame the investors to invest most of their money into it.
As an investor in crypto, you should know that a huge percentage of your capital must go to Bitcoin unless you want to invest more in altcoins. The problem is not with Bitcoin or altcoins. Its on you who are not patient enough and now posting useless thread here. Before investing, be ready with the risks you may face.
As an investor in crypto, you should know that a huge percentage of your capital must go to Bitcoin unless you want to invest more in altcoins. The problem is not with Bitcoin or altcoins. Its on you who are not patient enough and now posting useless thread here. Before investing, be ready with the risks you may face.
One unpopular opinion out of many i have is that alt coins shouldn't exists, one guy in the forums used to say that they are child's play, maybe that is accurate.
The thing is simple, they have all the right to exist, everyone can create one. After that you are on your own my friend, complaining won't fix anything. In fact, normally the ones releasing new coins do it out of greed. It might hurt the investors of that coin that for the ones at the top it's always profit if they are smart enough.
That is the raw truth.
The thing is simple, they have all the right to exist, everyone can create one. After that you are on your own my friend, complaining won't fix anything. In fact, normally the ones releasing new coins do it out of greed. It might hurt the investors of that coin that for the ones at the top it's always profit if they are smart enough.
That is the raw truth.
Before investing in alts you should have made your research to know if alts have fast growth in price as btc, then put your money were you feel more comfortable or were you can have quick growth, blame your self for the decision you made, beside, i disagree with you saying alts won't have such investors, can you tell me which alts is as old as btc? time will come when some of the alts that really have great idea behind them gain adoption because people use them for one service or another, it can't always be btc forever.
Please as an altcoin investor, please stop hurting us, this is so damn cruel.
As an altcoin investor, it is your own greed that is hurting you, not anyone else's. Consider: out of these 2000+ altcoins, how many are substantially innovative in any way, or are sufficiently superior to Bitcoin to overcome its first-mover advantage? Since the brutally honest answer appears to be "none", why would you think "investing" in these coins is a good idea that will lead anywhere but ruin? Ethereum tokens are an especially sad case, being failed projects built inside of another failed project, like a Matryoshka doll of failure.As we all know that when bitcoin pumps, the altcoins will bleed because people will sell their altcoins and try to buy the bitcoins so that they do not miss out on btc profits. Another reason for altcoin dump in this scenario is that a lot of people have set stop loss in altcoins and when prices dump many stop-losses get triggers automatically making more dump in alts.
Dude, if you can't stop being too emotional then you should quit trading.
Market is where people make money, you can't expect anyone to be happy. One man profits == one man loss, vice versa.
Bitcoin dominance is too great atm, which is why alts got crushed easily. But when it goes sideway, most of the time, alts will rally like hell.
Use your brain and do your own strategy.
Market is where people make money, you can't expect anyone to be happy. One man profits == one man loss, vice versa.
Bitcoin dominance is too great atm, which is why alts got crushed easily. But when it goes sideway, most of the time, alts will rally like hell.
Use your brain and do your own strategy.
I agree, whether we like it or not altcoins come and go that part of the reality of trading so if you want to trade or invest in altcoins make sure you choose the right ones. But if you think altcoins aren't giving you any good then why not invest in bitcoin instead since bitcoin. In bitcoin, you can guarantee success but there can also be a time bitcoin will go down at times so you have to be prepared as well.
Bitcoin never stole altcoins in altcoins. On the contrary, everything depends on the price of bitcoin because they grow at a time when Bitcoin is up to par. I think that this is a normal situation when the Altcoins stretch for the leader and want to be like him and he continues to grow his time and show his status.
sixtyonefourfive, you probably still hold that tokens? In that case you just lost value on that coins, but that does not mean that one day the price of that token will not grow again up to level where you invest, or even above that.
Based on Coinmarketcap, this token is have his best days in January 2018 with price around $5, and since then has a continuous decline. Today's value of that coin is only $0.05, almost same as at the beginning of this year.
Investing in any cryptocurrency is always risky, but some random altcoin has a far greater risk than investment in bitcoin or some of top altcoins. I hope you will learn something from this, invest only what you can afford to lose.
Based on Coinmarketcap, this token is have his best days in January 2018 with price around $5, and since then has a continuous decline. Today's value of that coin is only $0.05, almost same as at the beginning of this year.
Investing in any cryptocurrency is always risky, but some random altcoin has a far greater risk than investment in bitcoin or some of top altcoins. I hope you will learn something from this, invest only what you can afford to lose.
Then how do you suppose that I recover my losses in my chosen altcoin, HST decision token, when bitcoin keeps stealing from the altcoins. Its effectively stolen money from the accounts of millions of investors over the past month in over 2000+ altcoins. Please tell me how to recover my losses?
Nothing was stolen from anyone. You lost your investment fair and square. If you can't accept responsibility for your own decisions, you should avoid trading in highly speculative markets and stick to horses or roulette, where the odds are slightly less unfavourable. 
Sorry, I really try not to be too rude most of the time, but this topic is just plain ridiculous.
First of all, do you really think that begging for people to start investing more in altcoins, will actually make that happen?
Second, there have been billions of dollars invested into various altcoins, but you can't ignore that most of it has been a huge bubble in the past.
The absolute majority of coins out there can't put forward any decent looking usage statistics, especially compared to traditional similar services.
That makes their valuation completely wrong, even at this point.
Invest in the projects you like, but don't go thinking that the world owes you anything...
First of all, do you really think that begging for people to start investing more in altcoins, will actually make that happen?
Second, there have been billions of dollars invested into various altcoins, but you can't ignore that most of it has been a huge bubble in the past.
The absolute majority of coins out there can't put forward any decent looking usage statistics, especially compared to traditional similar services.
That makes their valuation completely wrong, even at this point.
Invest in the projects you like, but don't go thinking that the world owes you anything...
It's time to wake up and realize that altcoins are shit, they don't have any value because anyone can copy others code, they only raised in the past because people were experimenting, and speculators were fueling rallies. Now the experiment is over, no one is seriously using "blockchain technology", no one is using tokens. If some brilliant programmers want to create a better cryptocurrency, they don't need millions in funding via ICO's, being early miner should be enough of a reward. It's time to stop being altcoin investors and switch to being Bitcoin investor, this is where the wind is blowing now.
Man, it's normal when BTC starts to rise, another alts will not rise as much as BTC, but all altcoins are rising in fiat value, and for me I see all in green, look ETH for example, it's rising in value to
I saw a lot of people spamming about this coin hst, so stop this nobody cares about a coin if you guys post this way
If you really believe in a coin and want to spread to another people, do it the right way, make a text explaining all the benefits, what's the purpose of the coin, why investing in it etc
If you make a bad decision, sell, accept you loss and move on, buy a good coin and hold
I saw a lot of people spamming about this coin hst, so stop this nobody cares about a coin if you guys post this way
If you really believe in a coin and want to spread to another people, do it the right way, make a text explaining all the benefits, what's the purpose of the coin, why investing in it etc
If you make a bad decision, sell, accept you loss and move on, buy a good coin and hold
Why should people care about Alt coins, if Bitcoin is doing a excellent job for more than 10 years now? Most Alt coin exist purely because it was developed for speculations and it had no use case at all. It is just natural that people would be selling their Alt coins before a major push to buy more bitcoins, because they get more profit from a Bull market Bitcoin than a poor performing Alt coin with no use. 
In any way, with every spike in the Bitcoin price, the opportunity presents it self to buy most of these Alt coins for a bargain, because everyone is dumping them.
In any way, with every spike in the Bitcoin price, the opportunity presents it self to buy most of these Alt coins for a bargain, because everyone is dumping them.
Then how do you suppose that I recover my losses in my chosen altcoin, HST decision token, when bitcoin keeps stealing from the altcoins. Its effectively stolen money from the accounts of millions of investors over the past month in over 2000+ altcoins. Please tell me how to recover my losses?
Well, the wisest crypto investors always knew this about Bitcoin. Bitcoin is crypto, but crypto is not bitcoin,,, just remember that. Why would investors put serious money into altcoins when merchants countries and banks all see the threat in the shape of bitcoin? When you see exchanges and buy alts, what do you buy it with? Bitcoin of course. Accept crypto? Bitcoin first. You go and accept alt only and see what happens.
Please as an altcoin investor, please stop hurting us, this is so damn cruel.
As an altcoin investor, it is your own greed that is hurting you, not anyone else's. Consider: out of these 2000+ altcoins, how many are substantially innovative in any way, or are sufficiently superior to Bitcoin to overcome its first-mover advantage? Since the brutally honest answer appears to be "none", why would you think "investing" in these coins is a good idea that will lead anywhere but ruin? Ethereum tokens are an especially sad case, being failed projects built inside of another failed project, like a Matryoshka doll of failure.Mostly agree with your reply but I was rather hopeful for Myriadcoin which as far as I know was the first multi algorithm coin which gave everyone a chance to mine and also went some way to prevent the chance of 50% attacks. It still has a good following so who knows it may take off at some point.
As you stated though coin trading is all about making profit so if you make the wrong choices don't blame the people who made the right choices.
You only have the motivation to multiply your investment quickly without loss, if that's what you want better invest in industry that has a lower level of risk. Your frustration with Bitcoin will not solve any problems instead it will make you more hesitant to execute your profits, there are many ways you can do while the price of altcoins is free fall
I think you lack understanding about bitcoin just because you experience defeat. now all your losses have nothing to do with bitcoin as a destroyer, you just stepped wrong. try repeating your mistakes and do your best so you can not lose money from bitcoin,
Well, he is just frustrated alright, And I guess he doesn't really know what he is doing, and you are right he just stepped in the wrong scene if he can not handle the lost, And by just thinking that Altcoins will just do you only nothing but good, And for Bitcoin as well if you don't have a right mindset for this kind of field you will surely burn all your investment,
And for OP don't ever curse bitcoin if you don't know anything about cryptocurrency, Bitcoin is the only coin out there that are producing value for other Cryptocurrency, You can say that all Altcoins is dependent on bitcoin and cannot gain anything without it, And maybe you are investing in all sort of Altcoins, I think you need to read in the forum and ask questions or research the market on what Altcoin is favorable to make investment, And still Bitcoin is a good investment and a clear good decision you can make, You should try it and not just make investment to random Altcoin's that hasn't proven anything in the market.
I think you lack understanding about bitcoin just because you experience defeat. now all your losses have nothing to do with bitcoin as a destroyer, you just stepped wrong. try repeating your mistakes and do your best so you can not lose money from bitcoin,
It has become clearly evident that bitcoin will dominate the world as the global number 1 cryptocurrency, that's is OK with me.
BUT...
what I am finding really frustrating is all the retail, and institutional money that will only ever flow into bitcoin and will never, ever touch any altcoins.
Sure bitcoin is the master, the supreme, the original crypto, but for gods sake, its now the only cryptocurrency.
Surely out of the 2000+ altcoins, some of these will be almost as powerful as bitcoin.
The altcoins have been smashed of late, purely by the greed of bitcoin, sucking up the global fiat money.
Every altcoin has been sold off and money shoveled into bitcoin. WHEN IS THE PAIN GOING TO STOP!
I have lost so much money on my altcoin HST decision token, purely based on the greed of bitcoin.
Please as an altcoin investor, please stop hurting us, this is so damn cruel.
BUT...
what I am finding really frustrating is all the retail, and institutional money that will only ever flow into bitcoin and will never, ever touch any altcoins.
Sure bitcoin is the master, the supreme, the original crypto, but for gods sake, its now the only cryptocurrency.
Surely out of the 2000+ altcoins, some of these will be almost as powerful as bitcoin.
The altcoins have been smashed of late, purely by the greed of bitcoin, sucking up the global fiat money.
Every altcoin has been sold off and money shoveled into bitcoin. WHEN IS THE PAIN GOING TO STOP!
I have lost so much money on my altcoin HST decision token, purely based on the greed of bitcoin.
Please as an altcoin investor, please stop hurting us, this is so damn cruel.
My first question to you is, "Why do we need altcoins?"
Having 2 or 3 altcoins is ok, but certainly not in thousands! We don't need different different altcoins for each separate activities, which are actually making things more complex for us all! Having few altcoins like ETH, EOS or even Steller is ok, but why do we need separate coins for each activities? Majority of these altcoins are trying to solve problems that doesn't even exist and make no sense at all! Only the investments are getting divided!
Seriously, as an old crypto adopter, I seriously believe that we don't need altcoins, Bitcoin is the king and it will remain as the king!
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