Topic: What's your favorite crypto;Bitcoin - page 6. (Read 899 times)

Despite the market drop caused by the agreement between Binance and the SEC Bitcoin is still the most popular cryptocurrency for trading and investing. The backing it has received from Gary Gensler the head of the SEC is mostly to blame for this. Gensler prioritises Bitcoin and views it as a commodity.

In the middle of the chaos on the cryptocurrency market Bitcoin comes out on top providing a safe investment option. It is a dependable choice for long-term growth due to its decentralised structure and advanced technologies. Bitcoin attracts investors looking for security and possible profits.

From this aspect and op kind of question bitcoin doesn't have other features in which I know quite well, I believe that when we talk of bitcoin features we should go directly to bitcoin subordinate such as altcoins, because I understand that op is asking of our favourite cryptocurrencies we like to invest with, and the answer to that question depends on the individual kind of investment the way I'm seeing cryptocurrencies kind of investment everyone have specification of particular cryptocurrency they invest on, but I'm using myself as illustrations I don't have particular or favorite cryptocurrency to invest on, I do split my investment to any cryptocurrency I think that is potential and have a reputation.

Bitcoin may be almost everyone's favorite crypto currency but there are many small investors who don't have enough capital to buy Bitcoin at its current price. It is possible that we can buy some part of Bitcoin. There is no doubt that Bitcoin is the king of all crypto currencies and one of the most reliable and low-risk crypto currencies in the market. Bitcoin is a great option for those who want to make a long-term investment. For those who have more capital, the current price is a great opportunity. I have a lot of altcoins in my hard wallet but the crypto currency I feel most confident and happy with is Bitcoin.

Yup.

This is all true that the entire market is tied to bitcoin as most of the pairs are on it. Everyone understands who's been here for a while that the crypto market has always been so reliant on bitcoin.

But bitcoin can't also skip whenever there are some news that are affecting the altcoins market. We've seen fiascos after fiascos and then those incidents have moved the market entirely as if it's totally tied at all.

Bitcoin due to the fact that it's actually one of the most unique cryptocurrencies — pretty much just movement and storage of value; that's it. It doesn't need to have other features for it to be useful. Other cryptocurrencies on the other hand, are pretty much just pseudo-shares and smart contract platforms.

I like that the support comes from research and knowledge and not repeating some sentences without delving into their meaning. Bitcoin is good as a medium for trading, but its value is greater than just being an investment or advising others to buy it without knowing the risks surrounding it.


Not all Bitcoin transactions are fast. Sending money to the frozen continent is fast, but it is slow to pay for a cup of coffee, so solutions such as the Lightning Network have been implemented.
Bitcoin is a pseudonymity. It is true that you can generate addresses without revealing your identity, but it is easy to track these addresses.

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.

If I have to justify what he means is that the very altcoin out there in the market is tied to BTC such as market like DOGE/BTC, LTC/BTC or ETH/BTC.

Almost all tokens and coins, if its market is on big exchanges, they are paired to BTC and that is because BTC is the currency to be traded for all but same as stablecoins. They both compete to be the top BTC and USD.

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.

I don't think that statement of yours is correct. Other cryptocurrencies are not related to Bitcoin. They have their own blockchain and their functionality is different from Bitcoin. If you are referring to the price movement that other crypto follows with bitcoin's price movements. You are wrong there too. This happens totally because of the sentiments that traders have over Bitcoin. Bitcoin is here with us for over a decade. And not just that, it is still on the top of the list. So obviously, if anything happens to it, people's sentiments will follow that too. Thus, it will create a chain effect and fear amongst everyone in example where bitcoin's price falls, others will think that as a major red flag for the whole crypto market and will treat other crypto as the same.

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.

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🥂🥂🥂