Topic: What are the reasons you prefer investment in Bitcoin over other Cryptos? (Read 1167 times)

After every period span, bitcoin either goes up or comes down. We can’t do anything related to this rather to just wait for good time and make our respective sell and buy. But pole don’t understand this fact. Even panic selling, most of contribution towards big panic selling is from traders. The need is to be strong at mind and try to know about nature and risks about bitcoin.

Yes in my opinion that Bitcoin is the first coin, the biggest and most popular among others, with very high values beyond anything, I'm sure people will do it. Bitcoin is like the central bank in the cryptocurrency world and therefore we know how people and investors will not prefer other coins. I believe, buying and holding Bitcoin is a very effective method in the next few years.

This is the main reason people prefer to hold bitcoin, even among the top 10 coins there are coins that I will never hold for the long term since I do not like several of their characteristics or some of the actions the developers of those coins took in the past, but when it comes to bitcoin I see an honest project trying to deliver on its promise to be a currency and a payment system used all over the world and that is why I place so much trust in it.

I think that bitcoin have convinced me that i have to come and do more and more here but if we look at the nature of crypto currency it is vital using every where and a good way to get good services.

in my opinion because bitcoin is the parent of all coins and bitcoin is also known by many people to be a lot of bitcoin users, the price of bitcoin can be high in the short term.

Its very popular now a lot of people hear about him , merchandise ar start to accept bitcoin as a method of payment.In the last month bitcoin have a good resistance to dip.

In fact bitcoin is the first most currency that is created on the earth, still it is the number one crypto currency and still the bitcoin users are increasing from time to time, so these are the reasons which I prefer to do investment in bitcoin.

Simply because bitcoin is the best investment overall of the cryptocurrencies because bitcoin is the most independent cryptocurrency in the market because it can go up and go down without depending on other's trend which is what the other cryptocurrencies are doing, they are depending on the trend of bitcoin so i always prefer bitcoin over others.

Bitcoin isn't the safest and not all alts alts are new. I guess what makes it seem that btc is the safest is because it's the first of it's kind and it has the most following, probably more than the top 5 alts combined. That gives users a somewhat, sense of assurance, that btc is that safe.

The reasons are so obvious, anything that has to do with cryptocurrency is synonymous with bitcoin. People believe bitcoin is the only cryptocurrency that is especially those that are not into cryptocurrency.

Bitcoin has more benefits when you invest unlike other crypto.And its value has a higher increases than anybody else,we gain a lof of profit here due to the coins that is stable in the market.

Bitcoin is leader of all coins others are just followers. If you say big profit it will be the same like me. I have analysis that bitcoin future is good and will not become the main product to create income but also to collect fund ( ICO project ), pay goods or bills ( maybe ). Because of this one I decides to use bitcoin in many activity and hope my analysis is right. Hope make me life, do that and keep going bro.

Bitcoin is a more reliable crypto currency, unlike everyone else, and that's why I and most of my acquaintances prefer this crypto currency.

There are many other coins that deserve to survive but at the same time I will probably say that the number is below 50 and it could be even lower since some of the coins that I think also deserve to survive are coins like LTC and Monero, and if ETH is going to survive in the future then I would like to see ETC as well since in my opinion it is slightly better than ETH.

I don't just invest in bitcoin, but I also invest in other coins, I invest in bitcoin to reduce my losses if other altcoins go down in price

I prefer to invest in bitcoin than other altcoins. All cryptocurrency are volatile but bitcoin made a significant impact last year. Thia is the reason why bitcoin is very popular now. Most investors are expecting that to happen again.

Obviously bitcoins is the first cryptocurrency that has been created and that is the reason why the price is growing so much today, but there are also good altcoins that has successful platform because of the work of their own developers.

I started investing in bitcoin and basically I continue to do it.  But I'm already investing a bit in altcoyins.

Bitcoin is the most amazing coin in crypto feild. I believe that people wanted to invest in bitcoin over the other crypto because bitcoin is the most amazing and popular coin on the crypto. Maybe bitcoin has the trust of the people around the globe which is doing such profitable thing in crypto.

indeed for investment in bitcoin is my main choice, but I also invest in other altcoins because I do as an altcoin for backup and trading in the short term.

Agreed with you, yes bitcoin is most profitable among of all coins and not only by that bitcoin also was proven and tested to all people who invested that it is trusted when you invest on this coin. Unlike altcoins, it takes time for you to research which better altcoin that much profitable. Yes, there are some profitable but I think there are also a ton of shit altcoin in the market that you must to avoid when it comes investing. So, their top of priority ever is bitcoin in investing.

Although I also have invested a lot of money in other altcoin, but still my main investment is in bitcoin, and the reason behind this is that bitcoin is still the most trusted and potentially good coin to invest my money there, I really feel confident when I put my money in bitcoin for investment.

You can see that bitcoin is very strong over the past few days, and you can see that bitcoin has the largest market capitalization value and the largest crypto market value, only a small bitcoin adjustment can make The price of altcoin drops very sharply, so investing in altcoin is very risky. I believe the bitcoin price will be able to return to the $ 9000 mark in the coming days.

Bitcoin is the first coin and has already gone  through all the testing and no surprises with it,  like with other coins.
One of it`s main feature is security which can prevent to be stolen or copied.

Whoa. He hit the bulls eye right there.
Explanation is too well to ignore it. Love how new member could expound their new kind of looks for the crypto industry.
Sure as hell it will be bitcoin on top once again. After all the hypes that will happen, whales will just let them down again by dumping it so hard.

I agree.Bitcoin has known to be the most pioneering cryptocurrency that became the favorite and most trusted by majority of the people.The ability of bitcoin to bounce back higher after a huge dips is what make it attracts most of the investors.And the fact that it is the most decentralized coin which will really gives thrill and excitement to the people to earn a huge profit in just a short period of time.

I chose to invest in bitcoin over any other coins because it has passed all the tests of time and has proven me a lot. I know that bitcoin would never ever fail me so there is nothing to fear upon investing in it. I know that there are still lots of things that bitcoin might show us and we just have to be patient.

Bitcoins is more profitable than other coins but the problem is, it was too expensive to invest a huge amount so you should always wait for the market price to dump before hoarding a huge amount.

I believe that only some altcoins have real prospects, while the rest are so-called "soap bubbles". At the same time, Bitcoin was able to gain confidence as a convenient means for making electronic payments. It is more stable than all other crypto-currencies.

Bitcoin is a digital currency and is the intermediate unit to switch between the different coin, dubbed the "eldest" in the coin village. Bitcoin is currently accepted by many countries as a valid and dependable currency to develop various useful applications and services. Its market capitalization also reached nearly $ 70 billion and it is a potential currency for future investment.

One of my reasons for holding onto Bitcoin is that Bitcoin is big and because it was the first coin to evolve on the back of the blockchain technology it will grow bigger in the years to come.

In my own opinion, bitcoins is the first cryptocurrency and that is the reason why it gain so much popularity today while altcoins will be only successful depending on the platform and the developers work.

My main reason why I prefered to invest in Bitcoins is because the demand of this coin is very high. Eventhough the price will easily goes down with just a short period of time, it will also increased rapidly where we can gained enough profits from it especially now that the price is at low level.

The best thing about it, is that it will never fail and it is the number 1 crypto currency and other altcoins will follow when the price of bitcoin goes downtrend it seems like all altcoins are interconnected with bitcoin. And also bitcoin is the most progressive and popular in most merchants and other institutional investors.

The reason is very simple for me. I'm a beginner. I feel comfortable investing in bitcoin rather than other cryptos. When I hold the bitcoin I feel very secure

I prefer to trade and keep in HODL cheap crypto-currencies. Bitcoin is an expensive and very volatile currency and it has a lot of competition among cheap coins. On the cheap you can earn more quickly. To make money on bitcoin you have to be ready to keep it for several years.

When I start trading on that time I follow some coin price and I got most of the popular coin is bitcoin then I analysis Exchanger and I found most of the exchanger accept bitcoin so I’m always prefer investment in bitcoin. Nowadays there are too many company start bitcoin investment platform so you can invest in bitcoin with this platform.

I like Bitcoin because its the most recognized coin by the common folks.  My 93 year old grandfather knows what Bitcoin is and has one.  When all the people know what Bitcoin is and with retails starting to accept it more and more I think it will be a sure winner. 

You can see that the market is fluctuating continuously, bitcoin prices are constantly adjusting and rebounding strongly in the past days, so I believe that at this time you should only invest in bitcoin. Although investment in bitcoin is not as profitable as other altcoins, it's a lot safer, the price of bitcoin is uptrend in the short term. So I believe that at this point you should only invest in bitcoin.

I'm having quite a bunch of different cryptocurrencies on my wallet but I think you have said I prefer to invest in Bitcoin because right now I anticipate a big growth in it, we are heading towards bright future.

Bitcoin is like the central bank in the cryptocurrencies world and because of that there is know how people and investors will not prefer it to others coins.
I think it is more popular and strong than altcoins.

The simplest reason is that Bitcoin is safer than the altcoin. The altcoin is very new and will be riskier than Bitcoin. Bitcoin has existed in this world in 2009 and is still growing and well-supported in 2018. Maybe in the future, the crypto market will only survive two coins, that is bitcoin and ETH

There are many reasons to choose bitcoin over altcoins but the most obvious is that many altcoins are simply scams and even if I were to earn money with alts I will be worried that the coin goes to zero while I'm holding it, and since I already have enough worries in my life I'm not going to add even more worries when what I want out my investments is that they gave security to me.

I prefer investing more in Bitcoin, because I am confident that this crypto currency will never disappear and will always be in demand among people and large investors.

Can you make more with alts? You betcha.

What are the chances your alt will still be around in 2-3 years? Hmm. Not great.

Will BTC still be thriving by then? Technical disaster aside, you betcha.

What's going on under everyone's noses right now is Bitcoin slowly gaining a level of legitimacy that can't be matched. Look at every other top 20 coin, let alone what's below them. Most are either centralised, broken, non existent, creaking or have 100% separate aims.

These days you can't get a coin listed on Binance without including the sodding CEO's phone number so they can call for a nice chat in case of a problem. There is not and never will be a Bitcoin equivalent. That's why it's only getting more powerful from here on out.

Apart from Litecoin and a handful of others, nothing else can even be bothered to attempt to uphold Bitcoin's core characteristics.

Big market dicks know this. Other coins are toys with the potential to explode in your face at any moment.

In the fact that we make a lot of money from Altcoins, not Bitcoin. But because Bitcoin is the first electronic currency to be recognized as a miracle. So many people are still more passionate about Bitcoin than Altcoin .

It is not really complicated to know why people prefer to invest in bitcoin than to invest in altcoins, most altcoins are either copies of another project or just useless coins created to enrich the developers and nothing more, so even if bitcoin is expensive and it cannot give you profits like an altcoin could, the profits you can get out of bitcoin are still incredible, just last year if you you bought in January of 2017 and sold in December of 2017 you could have gotten 20x your investment, do you know how long you would need to wait to get those kind of profits in real estate or stocks? You will never get those profits with stocks and you will be lucky to get those profits with real estate in 20 or 30 years.

Bitcoin always develops and leads in every trend, although there are more and more Altcoins, but people always trust and peace of mind when investing in Bitcoin for many years.

Idk why but for me, investing in bitcoin feels safer than investing in other types of cryptocurrencies. Bitcoin is the first crypto that I know and will probably remain a priority for me for long time.

It can be used if it's a P2P transaction similar to the barter model. Sure, it's not that practical, but it still functions quite well if someone is making larger payments once in a while, such as for services rendered.

It may not be perfectly anonymous, but it's not easily traceable either. If you did something illegal with it, I'm sure they would go through the effort to find you without hesitation. But if there's no active reason to target you, they can't exactly go around trying to dig up who is behind every transaction. There's way to much data to swim through. That's why some people can use it to send money for small-medium transactions abroad and avoid having to claim it.

The reason I prefer to invest in bitcoin over other cryptos:
Bitcoin is the earliest cryptocurrency coin
Investing in bitcoin I feel safer than other cryptos

So, I guess almost everyone agrees that Bitcoin is rightly the preferred choice. But it is also pretty obvious that one got to keep eye on all the latest news in order to actually gain consistently. If we close our eyes completely and start thinking it will work then it will not. I as I mentioned prefer only a few sites and one is AsiaCryptoToday, it is a pretty awesome site to be looking at for getting regular news.

No one uses Bitcoin to pay for the goods because every bitcoin transaction takes a lot of time to verify. Most Bitcoin is no longer as anonymous and people are tending to use XMR for commercial purposes as it is unregulated or can use XRP to pay for because the technology of ripple is being made by many banks apply

Altcoins are fine if you feel like risking your money for high returns but I would always keep a large chunk of my money in bitcoin because you know its stable and can be trusted.

Bitcoin is much more stable and safe than any other altcoin, but it is also a lot of impact from this market. Bitcoin is on a good growth path and I believe this is a time where investors can get a lot of success.

Bitcoin has been the most famous and reliable of all coins so far. Why should I prefer something else?

You can see that the capitalization of the bitcoin is very large, the volume is very large and the bitcoin value is very large, so you can invest a large amount of assets in bitcoin and can make the biggest profit crypto field

Investing in high-margin bitcoin but lower risk on investing in altcoin, we can see that the market is showing signs of a strong recovery and future bitcoin prices will return to $ 10000 in the near future.

Like you, I also like keeping my funds in BTC this is mainly due to the fact that it has more resistance to dips. Unlike altcoins that can dip 10-20% per day, it even goes down as low as 40% loss in a week. Now, that's outrageous. With bitcoin the are between 1-7 and that's more than enough time to tether my holdings. Altcoins are just too risky. It can go side ways, 100% up or 60% down.

I agree with the author, especially in terms of this: "...bitcoin will be the reserve currency of the Internet..."

In fact they are an opportunity to make quick profits and are an opportunity for all people. for example, you have 1 btc and you go to the altcoins section and search on some altcoin that will have some good news able to boost the price in 2X and if you find an altcoin that has good news able to boost the price you buy and sells when you have 2X profit. the altcoins have this advantage, but also have major drawbacks. Bitcoin also has advantages and disadvantages

Bitcoin is stable and the risk of investing in Bitcoin is much lower than with other altcoins in the cryptocurrency market. I hope Bitcoin will reach new targets this year and bring the cryptocurrency market further. This is a good time to invest in this market.

Actually when I invest in bitcoin instead of altcoins, I do that to protect my funds because I don't doubt it will be higher in the future but there is lots of risk with altcoins.

Good indicator that others might be missing out from opportunities to invest in other coins. Maybe fear comes out also that they might end up getting a shitcoin, but these top coins you had listed will surely make them more familiarize that this isn't one of those coins and that is not gonna be another day for day trading for them.

Bitcoin resisted many dips now. Consult Bitcoin Obituaries to see it, but it has becoming too repeating now that people still believe in Bitcoin. There is nothing wrong in keeping your belief upon something that prove to be strong from the past histories but this causes other people also to lose opportunity to invest in Bitcoin. The demand increase happening in Bitcoin comes out with the lessening of supplies making it for small traders to try and get a single cent out of Bitcoin.

My main reason for investing in bitcoin is the high liquidity of Bitcoin and thus the ease with which I can trade it if I need money for something whilst holding it.
Another reason is the fact that it is very popular and also can sometimes be accepted by some merchants as payment for goods.

I too get myself attached to bitcoin becausw of its great history when it comes to the market and value increase. We all know that holding is a great option aswell by holding it much more time.

Still I like to open in an new environment which I did so I work for some bounties to earn altcoins and see what could happend and it made me into marketing and stacks too.

Even so I love ethereum and bitcoin its easy transaction no hasel no fee. While bitcoin and ethereum is in my bitcoin software wallet which that is easy transaction.

Firstly that Bitcoin is the first coin, the largest and most popular amongst others, with a very high value beyond anything, I'm sure people will do it?
Secondly I do not really believe in some coins, the more it seems I'm sure there will be a lot of junk coins everywhere, coming between good reputation and coming soon after falling, thrown out by the pope after earning big profits.
Bitcoin will be greatly developed for the future, more and more new people and connections every year to adopt, I am sure, buying and holding Bitcoin such a method is very effective in the next few years.

I believe so.Altcoin investments can be so much profitable if you had chosen the potential ones because there are a lot of altcoins there that are worthless because their prices never go up.While compared to bitcoins,you don't need to worry if its price fall suddenly and resort to panic selling.Bitcoins are the most known and trusted coins in crypto world so learn to hold them for a long time and i'm sure you will really gain a very huge profit in the end.

Bitcoin investment does not follow the trend in other market and therefore provide a good tool for portfolio diversification, for example,if the housing market crashes, it will likely affect the stocks market,bond market and so on, but not so with bitcoin market.

In my case, I preferred other cryptos too. In crypto world, BTC is the most dominant and preferred coin but don't waste the opportunity and advantages that people can get in other altcoins.

Potential is always there that's why take an altcoins that is worth to put a shot.

Honestly in my long term experience in crypto world, altcoin trading is one of the reason why I gained decent numbers of BTC in general. Way better than putting money directly coming from fiat. People just need to enhanced their respective strategy to become a winning strategy.

Bitcoin has been known in many countries around the world. Therefore, the use for the international realm is getting easier not only that you do not need to take a lot of time and energy because transactions using bitcoin do not need financial institutions so you can bertranmsaksi whenever and wherever provided you connect to the internet

Though most of these coins in the top 10 have a great community backing it up, the ability to bounce back higher after a great deficit is what separates bitcoin from most cryptocoins. Also, a lot of deep pockets and influential people are getting their hands wet on this market, so it gives us a wider audience for the coin and a huge number of traders participating, possibly eliminating the control of the whales in the process. Also, it's recognized and regulated in a lot of countries already, which gives enough confidence to the end-users to not get fucked up by exchanges in case they wanted to go Mintpal or Mt. Gox for profits.

You are right. I did not calculate it exactly. I estimate it only to show that its performance was way worst than bitcoins


Just like i do. I'm trying to earn satosi, not dolars from each trade. But OP asked why we invest in bitcoin rather than altcoins. So his strategy is more like "i have dolars, where to put them". I cant say to someone that bitcoin is better investition because by investing in altcoins you would have less bitcoins.

The reason I want to invest in bitcoin is over cryptocurrency because bitcoin has a higher value and what that cryptocurrency gives to the community is also very good but bitcoin has a long history of development and is more attractive to me.

this is a bit misleading though because you are looking at their USD value where in fact you should have checked their BTC value. most people are investing in these coins with bitcoin and don't care about their USD which is why whenever there is a bitcoin rise these coins keep their BTC value more or less and show rise in term of USD where in reality there was no rise.

for instance in case of LTC its USD value shows a 295% rise (yes it is 295% not 400%) but its BTC value shows -65% drop.

Reality is that bitcoin is more secure than other crypto currencies because it is most trusted and people keep putting their money into this coin. Slowly bitcoin is gaining more dominance over other crypto currencies and thus it is getting useful for its stubborn nature in the market. Now, if the market continues to grow like this then surely peoples choice would always be bitcoin all the time. I mean they feel more safer here because altcoins are ventured projects which may or may not stay there forever and may collapse if insufficient progress is there. So thats why its bitcoin always.

I immediately change my earning s from altcoin to BTC and this is quite alright with me. I noticed that when bitcoin starts to rise it rise immediately and steady but altcoins are slow risers and most of them remains inconsequential in price and sometimes abandon by their  developers, making the investors to lose so much.

I`ve never seen a crypto investor to do that.What`s the poin of such market strategy?It would make sense, if they scream "SELL,SELL" not HODL.Everybody knows that ethereum isn`t growing faster than bitcoin,it never will.The main purpose of ETH is to serve as stable currency for the DAP environment and all the ICOs.
I never compare bitcoin to any other altcoin.Bitcoin is my only choice and bitcoin will get only stronger and better.

Bitcoins has the fastest growth in the market due to its popularity while other altcoins is not guaranteed to grow because most of their developers are scammers.

Bitcoin is more like the god of decentralization and the first of its kind. With that kind of huge support over the years and more support and development upcoming, it is sure one any investor would not want to give the first chance before considering any other. However, this does not mean investing in some other good altcoin project is a bad idea, but a huge percentage of them are just some form of distractions which we all know all they are good for is just pump and dump.

Exactly! I agree with this. There is no real intrinsic backing for a lot of these coins, just a bunch of bros in their basements with computers who think they can get rich quick. Bitcoin is not so vulnerable to manipulation so it cannot be pumped and dumped so easily. The large volume makes it more robust inevitably so it can stand on its own without swinging violently from top to bottom.

Hopefully we'll see some more coins with structure and vision to come. There are some honest investors out there who want to use the concept for doing good.

One main reason why I simply prefer bitcoin more and I have more percentage when it comes to investment in it is that, it is more of the dominant currency here and the front runner of things. Bitcoin more like depicts how the market moves generally and sure if you want to get the best in the long term that is sustainable, you would really want to be holding a solid investment with a huge support and bitcoin sure do have that.

it is because the bitcoin is pioneer in this industry and of course the future of bitcoin with financial transaction is clear, we will invest in a certain coin that in the end the value will go lower than the price of the coin on how much you bought it you will having a negative profit if ever.

There are a few reasons why BTC is still #1 compared to most alts.

1) Its the first and oldest coin
2) Its the most secure
3) Its the most decentralized
4) No ICO or Premine
5) Satoshi was anonymous and nowhere to be found and doesn't pose a risk as a developer
6) Immutable

Because Bitcoin is the number one crypto. Mostly, people will try to invest in that first before any crypto. But indeed other crypto could also give you much gains as investing in Bitcoin.

There are numerous reasons why invesment in Bitcoin is better than some other cryptos.
1. Most cryptos are shit coins created by greedy individuals
2. Bitcoin have volume and liquidity which is not the case with may other cryptos
3. There is low chances of pump and dump in Bitcoin as is common with with other coins
4. Bitcoin already have an established structure and vision, some other coins are still using trial by error method.

Beacause bitcoin is like gold. 99% of other coins are just speculative tools for whales to increase amount of bitcoin. Current investors are so blind screaming HODL HODL and showing etherum, ripple growing faster than bitcoin. But just jump to Historical Snapshots from for example 2013. Which coins from top 50 are still on market.

https://coinmarketcap.com/historical/20131229/
Which of them are on profit since 2013

(bitcoin made 1 000% since than).

Litecoin only 400%
Ripple 2000%
Omni -90%
Peercoin -80%
NXT  100%
Namecoin - 75%
Quark -95%
Bitshares -~100%
Wordcoin -~100%

And those are coins from top 10! It means that if it will happend again 6/10 coins from top 10 (eth, bth, eos, stellar, iota, tron) will be on 90% loss Ripple will have 200% profit and Litecoin 50%, cardano 400%(just example). In that time bitcoin will made next 1000%

Now you know why hodl is worst option and when it comes to investing there is only bitcoin? 1/10 from top 10 coin was better than bitcoin. If you would spread your capital equal to top 10 your potfolio would be on lost (on crypto market where whole market made 20 000%. You can still trade and earn on alts. But investing and hodling is like buying ticket in lottery.

We like bitcoin not because its obvious. We like bitcoin because it has best infrastructure, hype, community developing it, decentralization, usage, largest perspective. Others are here and wont be in next year after.

I believe investments in Cryptos are the priority for beginners. But most people like Bitcoin since it’s obvious, so are you like that? And if so then what’s the reason for your investment? My reason is that the potential is huge in this as compared to some others, but I do know that higher amount is required to gain more.

Here are some reasons by experts, and I agree most of these but like to see how many of you guys agree with. https://www.asiacryptotoday.com/reasons-you-should-invest-in-bitcoin/