Which is your ideal cryptocurrency? Why?

Sorryfor

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Quote from: coinremitter on April 06, 2023, 05:17:24 AM

We all know about cryptocurrencies and how they work. Everyone has their favorite crypto like I preferred bitcoin because there are lots of benefits of bitcoin, immediate settlement, greater liquidity, international transactions, security and direct transfer.

What you think about other cryptocurrencies?

I don't believe in Bitcoin as much as I believe in all other coins from the bottom of my heart. Cryptocurrency is a virtual world where Bitcoin is a currency of choice for everyone. Which is thousands of times better than all other cryptos and everyone is interested in investing in this coin. And Bitcoin has many advantages and benefits in many big countries such as it is very easy to do various products and transactions with Bitcoin. Due to which Bitcoin has constantly gained popularity and is becoming the most popular choice among people.

letteredhub

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An ideal cryptocurrency should be one that has been able to stand the test of time over the decade and has also been able to withhold a standing leading position amongst all other cryptocurrency's despite the odds that be in the market and to this end there's no other best fitted cryptocurrency that can be said to have had and still does have all this requisites I stated apart from bitcoin. So for me bitcoin it's just an ideal cryptocurrency for me and anyone out there searching for a reliable digital asset in the crypto industry would no doubt go for bitcoin.

bounceback

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Quote from: coinremitter on April 06, 2023, 05:17:24 AM

We all know about cryptocurrencies and how they work. Everyone has their favorite crypto like I preferred bitcoin because there are lots of benefits of bitcoin, immediate settlement, greater liquidity, international transactions, security and direct transfer.

What you think about other cryptocurrencies?

Many of us will definitely choose bitcoin as our favorite coin because bitcoin is the only coin that we can rely on, even though there are currently several altcoins that use more sophisticated technology than bitcoin, the existence of these coins cannot match or shift bitcoin's position as the most popular cryptocurrency. popular among investors besides that bitcoin also has many real uses and even recently many companies such as e-Commerce companies have begun to adopt bitcoin and make bitcoin a payment method because it can make it easier for customers when they want to make payments.

Cryptomultiplier

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I think othe crypto currency apart from Bitcoin is just imitation. The white paper by Satoshi clearly is visible as to its functions and application.
The best coins these days has come down to how swiftly one can earn and spend /reinvest at the time. Shit coins and altcoins have to their uses for both gaming and gambling, but if one is looking to earn in the long run, Bitcoin and even Etherum had proven beyond doubts their capabilities, hence its wide spread adoption and integration in our commerce transactions.

pixie85

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Ideal existing or ideal imagined?

Ideal existing is of course bitcoin. It has its flaws but nobody has ever managed to make a better bitcoin. There are ingredients you have to mix in a pot to get a good cryptocurrency and they are transaction speed, transaction cost, privacy, total amount, centralization, mining algorithm, starting price per coin, and many other. You can't make all of these at max and get a great coin because you have to sacrifice something for something else. It would be great if bitcoin was faster and more anonymous, but that would probably decrease its acceptance and adoption rate.

348Judah

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Quote from: coinremitter on April 06, 2023, 05:17:24 AM

We all know about cryptocurrencies and how they work. Everyone has their favorite crypto like I preferred bitcoin because there are lots of benefits of bitcoin, immediate settlement, greater liquidity, international transactions, security and direct transfer.

What you think about other cryptocurrencies?

Once you're talking about bitcoin, it's not only that it's the first cryptocurrency that makes people prefer it over others cryptos, but because bitcoin is the only decentralized crypto, reliable asset and a good investment currency that has multiple application for usage, other cryptocurrencies may fail along the way but bitcoin has always been the most preferred because they only recognized the currency as the most acceptable and reliable cryptocurrency.

KingsDen

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Quote from: coinremitter on April 06, 2023, 05:17:24 AM

We all know about cryptocurrencies and how they work. Everyone has their favorite crypto like I preferred bitcoin because there are lots of benefits of bitcoin, immediate settlement, greater liquidity, international transactions, security and direct transfer.

What you think about other cryptocurrencies?

There is no ideal cryptocurrency currently in thr market. What we should say is the favorite cryptocurrency, because being favorite doesn't mean it is ideal.
When you say about transaction fastness, xrp is good at that.
Scalability issues greets bitcoin.
Also bitcoin is the only truly decentralized coin in the market.
When you talk about privacy coin, Moreno is there for us while Etheruem gives chances to do many things on the Ether chain.
So, different coins have their advantages and their areas of core strength.

cydrix

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Quote from: coinremitter on April 06, 2023, 05:17:24 AM

We all know about cryptocurrencies and how they work. Everyone has their favorite crypto like I preferred bitcoin because there are lots of benefits of bitcoin, immediate settlement, greater liquidity, international transactions, security and direct transfer.

What you think about other cryptocurrencies?

Except bitcoin, other cryptocurrencies like Ethereum, Litecoin, Ripple, and Bitcoin Cash are among the many ones out there, each with their own own benefits and characteristics. Due to the risks associated with investing in cryptocurrencies and their volatile market, it is crucial to conduct careful study and obtain professional guidance. Since the cryptocurrency market is still developing, it is difficult to predict which cryptocurrencies will eventually take the lead. Always do your own research for your own sake.

Nheer

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Quote from: coinremitter on April 06, 2023, 05:17:24 AM

We all know about cryptocurrencies and how they work. Everyone has their favorite crypto like I preferred bitcoin because there are lots of benefits of bitcoin, immediate settlement, greater liquidity, international transactions, security and direct transfer.

There are few trusted alt coins but it’s bitcoin for me

Quote from: coinremitter on April 06, 2023, 05:17:24 AM

What you think about other cryptocurrencies?

I'm 100% in favor of bitcoin. How could I choose a different cryptocurrency that bitcoin controls over bitcoin itself? It even makes no sense. Most alternative coins are unreliable and so I rate bitcoin higher than all other coins because at some point in the future when the market is weak they may fail and may even die off. Just look at what happened to Luna as an example.

Ndabagi01

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Quote from: coinremitter on April 06, 2023, 05:17:24 AM

We all know about cryptocurrencies and how they work. Everyone has their favorite crypto like I preferred bitcoin because there are lots of benefits of bitcoin, immediate settlement, greater liquidity, international transactions, security and direct transfer.

Because of these characteristics, bitcoin is the best cryptocurrency to exist and will certainly be the best choice for everyone. Since its creation, it has been the only coin on which one can rely due to its ability to regain its former status of price and value. No cryptocurrency has dominated the world like bitcoin, and its presence makes it possible for other coins to exist today.

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What you think about other cryptocurrencies?

They’re all existing because of bitcoin and it will only be risky for you to totally depend on them as a store of value. Sooner or later not all will be able to resist the market volatility and many will cease to exist.

Phu Juck

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Ideal cryptocurrency for me is a cryptocurrency, where we have:

1. Educated coders /developers bulding it
It is extemely important.
Because a good code is really fundamental for a good coin and in addition, every coin will face challenges.

Educated coders /developers should have huge knowledge in crypto, coding and computer science because because it is essential to code a secure and fast blockchain. If such developers don't make a good code, such coins can be hacked and coins will be lost and lose value because of price dump.

If it’s a bad dev, every coin, even if it's good idea, can fail quickly.
And if it does not fail immediately, it will fail later because a bad developer won't be able to react appropriately to challenges.

2. Good and established code
Many projects are still new and unproven. While it can happen to every project to become successful eventually, early projects have a high possibility for fail. Selecting already proven cryptocurrencies will be less risky for us because such projects are already reviewed and proven.
Bitcoin and Ethereum have experienced already huge reviews by independant coders.

Asuspawer09

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Quote from: coinremitter on April 06, 2023, 05:17:24 AM

We all know about cryptocurrencies and how they work. Everyone has their favorite crypto like I preferred bitcoin because there are lots of benefits of bitcoin, immediate settlement, greater liquidity, international transactions, security and direct transfer.

What you think about other cryptocurrencies?

I mean we are all Bitcoin believers, all of us here like Bitcoin for sure I mean it's even on our forums name, For me, bitcoin is the best cryptocurrency when it comes to investment compared to other cryptocurrencies bitcoin has the highest chance to increase its market price just because of its structure and when we implied supply and demand. Similar to what happened to early investors when the bitcoin price in the market skyrocket they all become rich at this point. So it's an easy rule to invest a high percentage of your portfolio in bitcoin.

There are thousands of cryptocurrency out there are most of it doesn't really have a use or value. I think cryptocurrencies at this point are pretty useless unless they have their own use, most of the top cryptocurrencies have their use, maybe solve a problem, or could also be a network. So I think it's a genius tech that we could use except for those cryptocurrencies that were just hype.

pooya87

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Quote from: coinremitter on April 06, 2023, 05:17:24 AM

We all know about cryptocurrencies and how they work.

I doubt that. Based on what I've seen in my years in this community I can say that majority of people have no idea how cryptocurrencies work. It is not even possible since there are dozens of protocols (thousands of altcoins where they copy a small number of protocols).

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What you think about other cryptocurrencies?

In one word: disappointing.
As I always say altcoins lack innovation which is the main reason for their lack of popularity and adoption.

fadhilz123

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Quote from: coinremitter on April 06, 2023, 05:17:24 AM

We all know about cryptocurrencies and how they work. Everyone has their favorite crypto like I preferred bitcoin because there are lots of benefits of bitcoin, immediate settlement, greater liquidity, international transactions, security and direct transfer.

What you think about other cryptocurrencies?

Basically I also prefer Bitcoin even though I also often look at other cryptocurrencies, but I don't really rely on other cryptocurrencies for now because now is the moment to have more. More Bitcoin is still a very good choice before it costs a lot more. So I don't really like other cryptocurrencies as long as Bitcoin is not expensive and also as long as I can still get Bitcoin at a more affordable price like now and the reason is not much different as you said.

ancafe

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Quote from: coinremitter on April 06, 2023, 05:17:24 AM

We all know about cryptocurrencies and how they work. Everyone has their favorite crypto like I preferred bitcoin because there are lots of benefits of bitcoin, immediate settlement, greater liquidity, international transactions, security and direct transfer.

There are many advantages offered by bitcoin, decentralization, the power to maintain value and price fluctuations, so that in certain periods it will bring investment at a much more optimal value.

This power pushes bitcoin to be one of the best for now, talking about risk is another problem that will be caused by bitcoin and how prepared people are to determine and minimize the level of risk. But in terms of long-term and short-term investments, bitcoin's strength cannot be matched by any other Cryptocurrency.

Quote from: coinremitter on April 06, 2023, 05:17:24 AM

What you think about other cryptocurrencies?

Nothing is better than bitcoin for now, there are many reasons that make bitcoin one of the best and almost many people know about it. But there are a few others that will also give you an advantage, but they are few and hard to find when you can't study the market conditions.

Razmirraz

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No wonder why the majority of forum users choose Bitcoin as their favorite Cryptocurrency. Satoshi designed this forum perfectly and given the name "Bitcoin Forum", it is very clear why forum users prefer Bitcoin over other Alternative coins.
Another reason why Bitcoin is in the first place as the favorite coin is because other coins besides Bitcoin are centralized. Op should be more observant in choosing topic titles so that more discussions are filled with different answers.

Ojima-ojo

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Majority of Members here will choose Bitcoin as their ideal cryptocurrency why because most of us here are all in for the asset part of it and just a few are actually interested in the utility part pf Bitcoin and as we all know Bitcoin is the only best cryptocurrency asset anyone can hold for the long term base if you have been following up with latest development on the cryptocurrency ecosystem, you will already discover that we have a pocket of other coins that are providing services that are close to being utility coins which have a high user friendly and adaptability.

This has led many to have misconceptions about the capacity of Bitcoin to become a mainstream cryptocurrency despite its track record and popularity, but if you know how to use the other coins that have high users case and low fees that aid scalability of transactions, but above all this, bitcoin remains the best choice based on lick term asset holding.

cryptoaddictchie

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An ideal cryptocurrency for me is obviously bitcoin but I did searched other altcoins to see other utility of it. If you are someone whose focus is on expanding your finance then there are other coins that make you earn from it over staking which is quite impressive on altcoins. Cause bitcoin cant do that due to its structure. Most probably if therr is really a pure decentralized altcoin that will be created that would really be an amazing one combining most L1 features.

reagansimms

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If a poll is made, most of the users who join this forum choose Bitcoin as their favorite Cryptocurrency. Some others still try to gamble on Altcoins and even they put their money on Shitcoins which are still gray, this kind of gambling always offers big risk and big profit. For Newbies who want to find a safe point in investing Cryptocurrency, Bitcoin is the most appropriate choice. Apart from that, you need to look at several other assets that have strong fundamentals or the top coins on CMC.

Seinlocko

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Quote from: coinremitter on April 06, 2023, 05:17:24 AM

We all know about cryptocurrencies and how they work. Everyone has their favorite crypto like I preferred bitcoin because there are lots of benefits of bitcoin, immediate settlement, greater liquidity, international transactions, security and direct transfer.

What you think about other cryptocurrencies?

I'm still new, so I don't know much about cryptocurrencies other than bitcoin, I haven't dared to start investing in other cryptos, so I'm going to really learn it from the basics first, so it's safer and more focused.

Topic: Which is your ideal cryptocurrency? Why? (Read 275 times)