What's your favorite crypto;Bitcoin - page 5.

ancafe

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Quote from: Bruce4 on June 07, 2023, 10:38:33 AM

Bitcoin is immune to seizure
Bitcoin is decentralized
Bitcoin is fast and easy to use
Bitcoin provides anonymity

Bitcoin is unique in that it has value in the long term but comes with risks if not properly understood how to use it, although many people speak of the advantages of its broad description. There are many risks that need to be understood and it is not as easy as talking numbers when making an investment, the adoption is so widespread today because people are starting to realize that bitcoin is the right way to store value because even if there is a recession or inflation bitcoin is not directly affected and always finds a way to maintain value.

What you need to understand is that bitcoins are not safe if they are stored on an exchange because they are vulnerable to confiscation and causation that occurs due to hacking or other things, bitcoins are safe if someone can store them properly in a safe place and that is why storing bitcoins on an exchange is not a smart move in most cases it has happened before.

TheSpiral

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Quote from: Bruce4 on June 07, 2023, 10:38:33 AM

Cryptocurrency has various digital currencies like altcoin,litecoin,cardano,bitcoin,ethereum.e.t.c

altcoin is not any specific coin. all coins other than btc are called altcoins. You can convert all coins into two category Bitcoin and altcoins.

Quote

My favorite crypto is bitcoin..many economists across the globe have predicted that bitcoin will keep increasing it's value in the coming years

I think 99% crypto investors will like Bitcoin because it is highly trustable and holding by most of the wallet. demand is very high and give you real decentralization. price will increase as many countries,institute,traders are looking to accumulate more btc. price is still low from ATH and we can expect to break ATH in three years

justdimin

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Quote from: Awaklara on June 12, 2023, 10:06:32 AM

Quote from: Peanutswar on June 12, 2023, 09:57:56 AM

People still choose the bitcoin in the end because it's already proven the possible ATH and downs of it, and altcoins most likely follow the price movement of the bitcoin. This is why they keep choose of it, but there's all of the people now are holding bitcoin but in profit wise people still prefer the potential coins that gives them a profit somehow, they are using Bitcoin as one of their safe havens.
In this have the same thinking of investment. We don't settle for only one pot.

because there are indeed many alternative crypto assets that we can choose as promising investments. but in the long term, more people will trust Bitcoin. we have to learn from some projects with altcoins they get hype then fall to the bottom. altcoins may potentially provide faster profits. but Bitcoin will give us a feeling of security. it's like you said. we can choose altcoins to trade or invest in a shorter time frame. while Bitcoin we can plan for a longer time.

Those hypes are the troubles right now and I do not know what's going to happen after that, I know that it is not going to be a big deal right now but that doesn't mean that we should be considering that as "gone", during the bull run that type of hype made a lot of people jump into a lot of coins and most of them ended up losing their money, we shouldn't really be expecting them to change next bull run as well and something could happen.

I am not sure what's going to happen next up, but I do believe that it is not going to be easy. Lets hope that it gets to a point where it is not going to have any importance at all, but that's not the point, it is very important to just focus on how we could warn people against these type of hypes, be cause they will be hurt by it.

irhact

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Quote from: Aanuoluwatofunmi on June 12, 2023, 09:48:00 AM

Everyone into cryptocurrency should be expected to have bitcoin as their most preferred crypto then comes others, there are many reasons one can give to why bitcoin must be the first and ultimate cryptocurrency to choose, because we cannot afford to get scammed or cheated by any means when we are not sure of where we are going in cryptocurrency especially in dealing with new incoming crypto projects, bitcoin has remained the only original and legitimate cryptocurrency to adopt then follow by some few if we are able to take the risk involved in them.

Bitcoin is original as you said and the only truely decentralized cryptocurency therefore it should be in all individual involved in the cryptocurency market wallets. You don't have to like Bitcoin to invest in it, it's a must own because it controls the whole market. Everything that happens to the cryptocurrency market is because of how Bitcoin is moving. We can't have an altcoins season if Bitcoin isn't doing well itself.

You can have other favorite coins because of the characteristics they have like for example, stablecoin like USDT are some individual favorite cryptocurency as it helps keep their wealth secure when market is dumping but that shouldn't stop you from investing in Bitcoin.

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Quote from: Nrcewker on June 12, 2023, 12:13:10 PM

You are in a community or forum whose name is “Bitcointalk”, so what majority answer are you expecting OP? Like the others my favourite coin is also Bitcoin. The reason is due to it’s price and existence period. It has proven his capabilities and is now widely famous in all the continents. These are also limited in number hence many people trying the best to buy these into their wallets. I am also one of them. So yes due to the various features of Bitcoins, it’s the best and my favourite crypto.

some people want to say it again and again even if we know it is obvious choice if you are in this market long time. thousands of alts has been created, abandoned, revived, dumped and yet, we always go back to the original.
just think of the number of times that an alt is created just because they have supreme features as compared to bitcoin. but look at where they are now, forgotten already.

Synchronice

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Quote from: karabiber on June 09, 2023, 04:35:29 PM

There are currently thousands of altcoins or non Bitcoin cryptocurrencies. Generally altcoin prices follow that of Bitcoin. This is because altcoin buyers usually buy Bitcoin with fiat currency to exchange it for their chosen altcoin. But Bitcoin does not cover all cryptocurrencies and also many different altcoins have different uses.

Most of the time though altcoin prices are closely tied to Bitcoin price and closely follow bitcoin. BTC owns more than half of the entire cryptocurrency market. This dominance gives Bitcoin a lot of influence and control. As a result the value of an altcoin is often measured against the price of Bitcoin so if Bitcoin falls, the price of altcoins may fall and conversely if Bitcoin rises the price of altcoins may rise.

Who told you that you have to buy bitcoin with cash to then exchange it in altcoins? You can buy almost every famous altcoin with fiat. Check yourself, go on Binance, hover your mouse on Buy Crypto and you'll see four options of buying methods with 50+ fiat currencies. You can do the same on Coinbase, OKX. You can buy altcoins with fiat through decentralized exchanges like Bisq.

By the way, it's true that people pair their altcoins with bitcoins but what I want to underline here is that it's just a personal choice because as I said, people can easily buy any altcoin with their national currency, they no longer need to convert bitcoin into altcoin.

Nrcewker

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You are in a community or forum whose name is “Bitcointalk”, so what majority answer are you expecting OP? Like the others my favourite coin is also Bitcoin. The reason is due to it’s price and existence period. It has proven his capabilities and is now widely famous in all the continents. These are also limited in number hence many people trying the best to buy these into their wallets. I am also one of them. So yes due to the various features of Bitcoins, it’s the best and my favourite crypto.

tjtonmoy

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Quote from: Zaguru12 on June 11, 2023, 05:33:17 PM

The only few coins that oppose this are either newly launched coins with much hype and after the hype they also follow suit like the other top Alticoins and follow bitcoin.

Yes they are connected through market sentiments and people's trust. What I was trying to say is that internal connections are not there. People believes that the market will move if bitcoin moves. That's why the price of other alts move with it. In terms of technology, they are different from Bitcoin. The fact that Bitcoin is at the top and has created this massive reputation over the years, people thinks it as the mother coin. Thus, if anything happens to it, others will follow. This what people think. This is why the price movements follow the same pattern. But there's still difference between analysis in Bitcoin and other ALTs.

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Actually where I feel bitcoin is kind of connected to other cryptocurrencies because almost all the Alticoins except NFTs created after it are just after addressing one or two issues they feel that bitcoin is lagging. From transaction fee to block size to the mining methods used and none has been able to actual make any significant change without creating a problem too. So bitcoin is connected almost every cryptocurrency in terms of the idea behind its creation but each existing on its own on the blockchain

Bitcoin is not perfect. So if people come up with ideas and fixes, they can create something new. This will follow the sole idea of bitcoin, but the technology and ideals are different. As mentioned above, they are connected through people's beliefs. We have created a connection which is in our mind. When we follow that, that creates the illusion of connectivity between BTC and other ALT coins.
So I do agree that the idea is the same or to improve the existing one. But always remember, ALTS are centralized unlike Bitcoin. So if you keep believing that they are connected and will always follow that, then when they manipulate the market you will take a big L. That's why I am trying to give the right information, so that newbies don't get caught in it.
They are connected, but not like what you think. That's the lesson to learn from here.

Awaklara

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Quote from: Peanutswar on June 12, 2023, 09:57:56 AM

People still choose the bitcoin in the end because it's already proven the possible ATH and downs of it, and altcoins most likely follow the price movement of the bitcoin. This is why they keep choose of it, but there's all of the people now are holding bitcoin but in profit wise people still prefer the potential coins that gives them a profit somehow, they are using Bitcoin as one of their safe havens.
In this have the same thinking of investment. We don't settle for only one pot.

because there are indeed many alternative crypto assets that we can choose as promising investments. but in the long term, more people will trust Bitcoin. we have to learn from some projects with altcoins they get hype then fall to the bottom. altcoins may potentially provide faster profits. but Bitcoin will give us a feeling of security. it's like you said. we can choose altcoins to trade or invest in a shorter time frame. while Bitcoin we can plan for a longer time.

Peanutswar

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People still choose the bitcoin in the end because it's already proven the possible ATH and downs of it, and altcoins most likely follow the price movement of the bitcoin. This is why they keep choose of it, but there's all of the people now are holding bitcoin but in profit wise people still prefer the potential coins that gives them a profit somehow, they are using Bitcoin as one of their safe havens.
In this have the same thinking of investment. We don't settle for only one pot.

Aanuoluwatofunmi

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Everyone into cryptocurrency should be expected to have bitcoin as their most preferred crypto then comes others, there are many reasons one can give to why bitcoin must be the first and ultimate cryptocurrency to choose, because we cannot afford to get scammed or cheated by any means when we are not sure of where we are going in cryptocurrency especially in dealing with new incoming crypto projects, bitcoin has remained the only original and legitimate cryptocurrency to adopt then follow by some few if we are able to take the risk involved in them.

Agbe

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There was no need to asked this question because everyone knows that bitcoin is the best and any other digital currency is following it. Bitcoin is the father of all the Cryptocurrencies and second to Ethereum. Even when you see the market cap you will discovered that bitcoin is the one control the other coins in the market place. Whenever bitcoin goes down others also goes down and when it goes up they would follow as well. Though other altcoins are also trying their best in the crypto ecosystem. Bitcoin is my best and favourable coin and not only in the ecosystem also National Currency bitcoin is the best.

shivansps

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Quote from: Bruce4 on June 07, 2023, 10:38:33 AM

Cryptocurrency has various digital currencies like altcoin,litecoin,cardano,bitcoin,ethereum.e.t.c
My favorite crypto is bitcoin..many economists across the globe have predicted that bitcoin will keep increasing it's value in the coming years.it has inspired a revolution like no other,rapidly transforming various aspects of the global economy.it is currently the world's most popular and prominent crypto,recognized and accepted in finance ,manufacturing,real estates,healthcare,travel and retail.
It's adoption is increasingly taking shape in several critical aspects of the society.
Bitcoin works for everyone,rather than having someone at the top,the bitcoin network is based on the consensus of everyone who participates in it.
I so much love bitcoin for the opportunities it has offered the world like;
Bitcoin is permissionless
Bitcoin is immune to seizure
Bitcoin is decentralized
Bitcoin is fast and easy to use
Bitcoin provides anonymity
Bitcoin has rendered freedom,as in financial freedom.The average youth today is interested in bitcoin today not because of it's trendiness,but also to seek financial freedom.
Anyone can take up this course on bitcoin;students from various fields,upcoming engineer's,industrial experts,potential students with an open mind,e.t.c it has been the most dominating crypto for over a decade,and I don't see it stopping anytime soon.it is the most promising investment of our age,and it was not a currency for the government,it is a global currency for the people.
Bitcoin is the future!
Bitcoin is the change!!
Bitcoin cannot be stopped!!!
Cheers to all bitcoin usersBTC🥂🥂🥂

I'd like to say that bitcoin is a king of cryptocurrency. Psychologically, all other currencies are tied to bitcoin, I mean when the price of bitcoin falls, prices for other coins often fall too, because people start to worry and take their money back. Bitcoin is probably one of the most trusted currencies on the market. It is not available to everyone because it has a high price, but for those who have enough money in the long run, it can bring good profits.
Personally, I do not have a favorite cryptocurrency, my favorite is the one that brings money

justdimin

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Quote from: jeraldskie11 on June 11, 2023, 11:26:32 AM

Quote from: ?? on ??

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.

What you're stating, in my opinion, is that the majority of cryptocurrencies depend on Bitcoin. I concur with you if that's what you mean. According to what we can observe in the market, whenever the price of Bitcoin takes an impulsive downward move, altcoins will follow. In other words, there won't be any altcoins if there isn't any Bitcoin.

Bitcoin is the king no doubt but we must also thank altcoins as they provide some features which Bitcoin lacks. We can diversify our funds on those alts which has a better use case like the ones you said because they will surely get a demand as well from other users and that makes it value grows. Most of the times the altcoin movement depends on Bitcoin but sometimes they can also go on its own.

There's also new alts who are independent for a while. That's right that if there is no Bitcoin, there will also be no altcoin because those altcoin developers won't get an idea but I think if BTC has more capabilities, alts won't also be a thing or let say there will still be alts but BTC will get most of the demand.

Zaguru12

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Quote from: tjtonmoy on June 09, 2023, 11:49:32 AM

So the point is, Bitcoin is not connected to other cryptocurrencies. It's us who take the decision based on bitcoin's movement. You can find many crypto moving the direct opposite direction than Bitcoin. I think that is enough proof to justify my statement. Try to research more and expand your knowledge.

Although I also agreed that bitcoin movement or trend is somehow opposed by some Alticoins but if it certainly not much. The market reacts to bitcoin movement because it is not just the first cryptocurrency but it is also the most secured one and as such many investors have this believe that if bitcoin is affected then other coins cannot survive the dump. The only few coins that oppose this are either newly launched coins with much hype and after the hype they also follow suit like the other top Alticoins and follow bitcoin.

Actually where I feel bitcoin is kind of connected to other cryptocurrencies because almost all the Alticoins except NFTs created after it are just after addressing one or two issues they feel that bitcoin is lagging. From transaction fee to block size to the mining methods used and none has been able to actual make any significant change without creating a problem too. So bitcoin is connected almost every cryptocurrency in terms of the idea behind its creation but each existing on its own on the blockchain

Smartvirus

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Quote from: Bruce4 on June 07, 2023, 10:38:33 AM

I so much love bitcoin for the opportunities it has offered the world like;
Bitcoin is permissionless
Bitcoin is immune to seizure
Bitcoin is decentralized
Bitcoin is fast and easy to use
Bitcoin provides anonymity
Bitcoin has rendered freedom,as in financial freedom.The average youth today is interested in bitcoin today not because of it's trendiness,but also to seek financial freedom.

Bitcoin is immune to seizure
On this, i think it very much depends on where you stored your coins. Most individuals involved in bitcoin or who happen to have taken bitcoin investments often make the mistake of leaving there coins on exchanges. That's often because they don't know any better. All they know is, they own an account with the exchange they bought from and so, its safe for them.

Remember the phrase "Not your keys, not your coins"

At that point, it applies. Your not immune to seizure when it ain't your keys. Your account and coins could ve frozen or seized.

Bitcoin provides anonymity
Anonymous yes, since you can't know the person behind an address. Traceable, yes. Still, for those that own verified accounts on exchanges, you can be ID should there be a need that requires exchanges to bridge on policies. Better still, let mixers help you make all that go away.

RewFrew

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There are many cryptocurrency available in crypto currency market. Some currency is good and some are not good. But already many currency being established, like Bitcoi, Ethereum, Litecoin, doge, tron,BNB, Cardno etc. This currency are good and already created their position well in cryptocurrency market. All of them i think Bitcoin is best. Bitcoin is well established coin in crypto world. People called Bitcoin is father of all cryptocurrency. In 2010 Bitcoin price was only $0.09 Gradually It's price increased and creating It's usability. Now Bitcoin price is near about $26k. And it will increase i think. Some countrys accepting Bitcoin. So i think Bitcoin is best cryptocurrency till now. For considering all thimks Bitcoin is my favourite Cryptocurrency.

jeraldskie11

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Since it is the king, it stands to reason that everyone, including altcoins, prefers Bitcoin. The main issue I have with Bitcoin is its scalability, which, to the best of my knowledge, the lightning network (layer 2) is the key to improve scalability..

Quote from: ?? on ??

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.

What you're stating, in my opinion, is that the majority of cryptocurrencies depend on Bitcoin. I concur with you if that's what you mean. According to what we can observe in the market, whenever the price of Bitcoin takes an impulsive downward move, altcoins will follow. In other words, there won't be any altcoins if there isn't any Bitcoin.

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Quote from: wajik-tempe on June 11, 2023, 10:31:21 AM

Quote from: gunhell16 on June 09, 2023, 06:17:35 PM

My understanding is, not all cryptocurrencies are like Bitcoin which is also decentralized, because there are others that are centralized like XRP, and XMR it is not like Bitcoin which is decentralized, so you should not think that all crypto is connected to Bitcoin.

Although it's good that you believe in Bitcoin, it's really deep, And besides, in today's time, I actually see a lot of cryptocurrencies that have potential and can also increase when the time of the bull run comes and if I only have a lot of money, I'll buy now for sure these coins, just so of course because my money is also budgeted I prioritize the most potential besides Bitcoin.

You are quite true, not all cryptocurrencies, such as Bitcoin, are decentralized. It's critical to understand that each cryptocurrency has its own distinct design, purpose, and underlying technology. Others may favor scalability, privacy, or other specialized advantages above decentralization. Given the cryptocurrency market's growth potential and bull run, it's logical that you'd want to investigate and invest in currencies other than Bitcoin.

To be precise. Bitcoin is the only true decentralized among all blockchain available because it’s founder is completely anonymous that is proven for more than a decade while other shitcoins that copy Bitcoin footprints is made by developers that trying to replicate Bitcoin just to gain money on it. Even tokens with DAO is still centralized since the team controls the majority of the token that can affect the outcome of the decision made by the team.

Bitcoin is the only coin that is worthy for long term investment and it’s my favorite coin.

wajik-tempe

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Quote from: gunhell16 on June 09, 2023, 06:17:35 PM

My understanding is, not all cryptocurrencies are like Bitcoin which is also decentralized, because there are others that are centralized like XRP, and XMR it is not like Bitcoin which is decentralized, so you should not think that all crypto is connected to Bitcoin.

Although it's good that you believe in Bitcoin, it's really deep, And besides, in today's time, I actually see a lot of cryptocurrencies that have potential and can also increase when the time of the bull run comes and if I only have a lot of money, I'll buy now for sure these coins, just so of course because my money is also budgeted I prioritize the most potential besides Bitcoin.

You are quite true, not all cryptocurrencies, such as Bitcoin, are decentralized. It's critical to understand that each cryptocurrency has its own distinct design, purpose, and underlying technology. Others may favor scalability, privacy, or other specialized advantages above decentralization. Given the cryptocurrency market's growth potential and bull run, it's logical that you'd want to investigate and invest in currencies other than Bitcoin.

Topic: What's your favorite crypto;Bitcoin - page 5. (Read 901 times)