Why Bitcoin and not any Altcoin? - page 2.

m2017

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Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

My most important Bitcoin argument is PoW because PoW really ensures Bitcoin is safe and can't be attacked very easily, like it is possible for PoS, for example.

My argument is the absence of a sole owner (founder) and actual decentralization, which makes this currency a public property for all humanity. I like the concept of people agreeing on how bitcoin will develop for the common good. This is in stark contrast to what happens in commercial organizations, where management makes decisions based primarily on their own interests rather than their customers. Is there any product of human activity in the world similar to bitcoin? Maybe it's something from open source?

barisbilgili

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Quote from: josgandosbro on July 03, 2024, 12:39:55 AM

Bitcoin is expensive. So that the reson invest in bitcoin. Other altcoin is not easy to increase the price. It tack time for price increase. But bitcoin will be increase the price any time.

Not all Altcoins are like that, if we look at some Altcoins also experienced an increase or increase in price by the same percentage as Bitcoin, especially for top Altcoins such as BNB or ETH.
Perhaps the reason that the price of Bitcoin is always able to increase in the future may be the main reason to prefer Bitcoin for future investment.

josgandosbro

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Bitcoin is expensive. So that the reson invest in bitcoin. Other altcoin is not easy to increase the price. It tack time for price increase. But bitcoin will be increase the price any time.

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Quote from: stadus on July 02, 2024, 06:27:47 PM

Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

My most important Bitcoin argument is PoW because PoW really ensures Bitcoin is safe and can't be attacked very easily, like it is possible for PoS, for example.

Why chose altcoins when there's highly reliable and trusted bitcoin? Altcoins are just alternative coins for bitcoin so if we are seeing the best potentials are in bitcoin, then there's no need to go down to altcoins. Don't make it complicated but just stick to bitcoin.

However, if you are looking for diversification, you can have bitcoin and other physical investments that still have great potentials to succeed, don't force yourself to invest in altcoins if you are not sure to gain ROI after risking your funds. The problem is you might end up investing with wrong altcoins, thus seeing all your funds going into waste.

People will only understand this once they experienced investing in alts and lost. They will realize that bitcoin is the only sure thing in this market that won't disappear without prior warning. It may decline its value, but it is not the case that it will go down hard without the chance of recovery. In which most alts are guilty of. Once the team decided to abandon the project, there's no chance for them to survive in the trading market. That's the dilemma when you try to venture your funds into alts market.

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Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

My most important Bitcoin argument is PoW because PoW really ensures Bitcoin is safe and can't be attacked very easily, like it is possible for PoS, for example.

Why chose altcoins when there's highly reliable and trusted bitcoin? Altcoins are just alternative coins for bitcoin so if we are seeing the best potentials are in bitcoin, then there's no need to go down to altcoins. Don't make it complicated but just stick to bitcoin.

However, if you are looking for diversification, you can have bitcoin and other physical investments that still have great potentials to succeed, don't force yourself to invest in altcoins if you are not sure to gain ROI after risking your funds. The problem is you might end up investing with wrong altcoins, thus seeing all your funds going into waste.

Fiasem20

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I prefer Bitcoin to altcoin because Bitcoin is the surest and realest coin in the crypto space.No altcoin have been able to defeat Bitcoin not even the reputable altcoins in the crypto space.Bitcoin uses the PoW that ensures the Blockchain network is secured.Most altcoins that are pumping into the crypto space are pump and dump scheme and also ponzi scheme, that's why altcoins lovers are always making proper research before investing their funds to scam project but with Bitcoin you are rest assured that no matter the dip it's definitely going to bounce back.Bitcoin controls all coin, during Bitcoin bull moment most altcoins in crypto space are affected positively (Skyrocket).

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Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?

It is simple, because Bitcoin is the number 1 coin in crypto for many years. Wink

No altcoins have the same uniqueness as Bitcoin, no altcoins have the same role as Bitcoin in crypto space.
Moreover, Bitcoin is the most recommended coin for investment because the price history tells us how good its price growth over many years. And the cycle of bearish and bullish period of Bitcoin is clear enough for me.

Quote from: bananaunana on June 25, 2024, 10:18:30 AM

We know many Altcoins want to be better compared to Bitcoin but have failed so far

What altcoins can be better over Bitcoin?
So far, no altcoins that can be a competitor for Bitcoin. Even Ethereum never can compete with Bitcoin to be the number 1 coin in crypto space.

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Quote from: terrific on July 01, 2024, 04:43:58 AM

We are free to buy both Bitcoin and some altcoins of our choice. In investing in altcoins, it's not all about the speed anymore of its transaction.
But the market share and community that it has got for which makes everyone think of it as a better investment.
They're wrong with that because bitcoin is better aside from all the technical aspects. It's here to stay while we don't know even the top altcoins until when they'll exist.

While there are potential altcoins, but it's hard for us to chose right altcoins from those wrong ones, simply because most of the altcoins these days are never reliable at all and eventually lost their value after skyrocketing. One thing that creates an advantage for bitcoin, because there's no other trusted bitcoin in the market. And once we invest and hold longer, rest assured there will be significant profits waiting in the end, without fearing that it will turn into scam or something invaluable.

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Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

Altcoins do have time, the time they have hype, and after that it is gone; if you are among the investors during the hype, you will get huge profit from the project, while if you invested late, you still have to depend on Bitcoin price movement to determine your profit or loss. It is better to from investing in Bitcoin than Altcoins that has already made name.

The Answer you your question “why Bitcoin and not Altcoin” is security of your capital. Bitcoin gives you peace of mind because it is transparent and decentralized, while Altcoins are centralized and can collapse at anytime.

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Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

My most important Bitcoin argument is PoW because PoW really ensures Bitcoin is safe and can't be attacked very easily, like it is possible for PoS, for example.

Just take a look at the altcoin market and you will have your answer, thousands of coins with no goal other than to enrich the person releasing the coin, and while there are a few exceptions out there, even the coin that is often brought as the biggest competitor for bitcoin, which is ethereum, has as its main function to facilitate the creation of shitcoins, so it is very easy for me to give up on altcoins and just concentrate on bitcoin, as I have no intention to investigate so many coins just to find a mediocre project once in a while.

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Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

My most important Bitcoin argument is PoW because PoW really ensures Bitcoin is safe and can't be attacked very easily, like it is possible for PoS, for example.

Whether it's a PoW or PoS, it doesn't matter, the two are even far from what I think is an important difference here. Have you seen the PoW or PoS not delivering their functions? So this is irrelevant. What's relevant is that Bitcoin will always be the number one and the most trusted cryptocurrency in terms of payments, trading and investments, it is not going anywhere. But you can be sure that many other altcoins will be delisted over time. This makes them unreliable and the fact that they are more prone to manipulation due to their low liquidity is another issue.

You may think this is not possible (the delisting), but when there are stricter regulations in the future you will understand what I mean. However, the top renowned altcoins will always make it like Bitcoin and I like to say that I do not draw any difference between Bitcoin and altcoins anymore, especially the top-rated ones. Do you know why? Bitcoin is not perfect itself, and as it has some advantages over altcoins, many altcoins have advantages over it too.

Now, the best is for them to coexist so that we can choose the ones we want to use depending on what we want to achieve with them (purpose).

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Quote from: lalabotax on June 29, 2024, 04:27:18 PM

Quote from: red4slash on June 28, 2024, 03:58:36 PM

So that indeed everything has its uniqueness, it's just that still in this case when talking as a whole, it is certain that bitcoin will be far superior to altcoins because after all, saying bitcoin as the king is not just a frill because it is a reality that is supported by the current facts where altcoins are still very dependent and affected by bitcoin so that overall bitcoin is the best but when referring to other parts such as stable problems or referring to quick and short profits but accompanied by greater risk, altcoins can be one of the choices.

Agree. Each coin has its uniqueness because they are created with different purposes. However, Bitcoin is still the most unique coin in crypto because Bitcoin is like to have no competitor. It is true that Bitcoin is the king of crypto coins, Bitcoin is leading all crypto coins for a long time. With its uniqueness, I think there will be other coins to change Bitcoin,

By assessing that all coins have their own uniqueness whether it is bitcoin or altcoin in the end we can realize what to do especially if the goal is for a better long term then indeed bitcoin will be much more worth it but if the choice is trading by knowing all forms of risk that we must face and realize then indeed bitcoin is also still good but here there are other options, namely altcoin.

Everything has its uniqueness and the risks that must be borne so that by recognizing what we want to do from the beginning, it is clear that we can take action according to our abilities so as not to do what should not be done, we are determined even though the preparation is less mature.
We must be responsible for our own ownership, therefore we must really be able to recognize and learn more about what we want to do because this relates to money or it could be our future.

Judith87403

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Actually I think this is not a new topic anymore if I'm not mistaken, moreover bitcoin has proven to be the most reliable and trustworthy in terms of making investment, it also has a low level of risk compared to the risk in other crypto investments like meme Investment and as well altcoin Investment.

This makes bitcoin to gain More popularity over other cryptocurrencies, the most interesting part of it is that bitcoin is decentralized which means no one has control over bitcoin talk more of hype. the reason why I don't always look at altcoins is due to this hype that normally take place in most of this altcoins, sometimes after hyping most have taken place you see them been dumped.

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We are free to buy both Bitcoin and some altcoins of our choice. In investing in altcoins, it's not all about the speed anymore of its transaction.
But the market share and community that it has got for which makes everyone think of it as a better investment.
They're wrong with that because bitcoin is better aside from all the technical aspects. It's here to stay while we don't know even the top altcoins until when they'll exist.

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Quote from: avikz on June 25, 2024, 11:26:56 AM

I believe the biggest strength of Bitcoin is its community. No other coins have such a strong community like Bitcoin. The community is global in nature. If some old coin is able to pull together a community bigger than Bitcoin, will surely over take Bitcoin. But for now, I do not see it happening!

You just spoke my mind mate and basically I personally think bitcoin is already enjoying the first move advantage and working the period, it gathered so much community that it seems very much impossible to overthrown it because it already has people who are willing to see it work at all Cost

I’ve been following up with some new projects lately and it seems most times, their major challenge is community and currently now, where scam is already very rampant, a lot of people might feel reluctant to be a community of a project they’re not certain of and a project without a strong community will really suffer lack of growth.

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Quote from: Huppercase on June 30, 2024, 11:14:08 PM

Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

My most important Bitcoin argument is PoW because PoW really ensures Bitcoin is safe and can't be attacked very easily, like it is possible for PoS, for example.

Since the day Bitcoin was created and has mass adoption, the way it begin didn't looks like how altcoins of today's works, it was never designed to compete with anything than the current crap traditional financial system but all of a sudden when these altcoins were roll out, they started as Bitcoin killer and that was their first red flag, they were all there to replace Bitcoin while Bitcoin was trying to do better within crypto currency.

Bitcoin is special because it doesn't allocate billions of dollar worth of the coin to just few people who are sitting behind their houses with some white paper just to get rich quick without solving anything, just the usual hype that do lasted for 1 month and after that, it die and then the new one start again continues. This is how the cycle continues but Bitcoin remain Bitcoin despite all the forks to replace Bitcoin, none of the actually never succeeded. This is why all critisms around Bitcoin doesn't mean anything to the maximalist.

Bitcoin is not designed to compete with or replace the traditional financial system, its purpose is to be an alternative. Additionally, no altcoin was created to destroy or replace bitcoin because the purpose of altcoins is first and foremost for speculation, while bitcoin is a peer-to-peer currency.
The biggest difference between bitcoin and altcoins is that bitcoin has use cases, can be applied in practice in many cases and brings benefits. Meanwhile, other than being used for speculation, I hardly see any altcoins providing any useful use cases.

highalch

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just look at the top 10 now:

- 1. bitcoin
- 2. ethereum: half of the coins in circulation are pre-mined
- 3. tether: zero audits, don't know if it's backed by anything but thin air
- 4. bnb: binance can influence the price up or down whenever they want
- 5. solana: centralized on the validator level, probably has ties to FTX
- 6. usdc: might be ok, but honestly it's just dollars and treasury bills, not a crypto investment
- 7. xrp: is it still alive?
- 8. toncoin: 3 wallets control 50% of supply
- 9. dogecoin: a joke, but at least a PoW joke (price goes wherever Elon wants it to go)
- 10. cardano: an ultra-slow, neverending science project

so there is bitcoin, the fully decentralized, censorship-resistant, free money
it's not playing in the same league

Huppercase

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Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

My most important Bitcoin argument is PoW because PoW really ensures Bitcoin is safe and can't be attacked very easily, like it is possible for PoS, for example.

Since the day Bitcoin was created and has mass adoption, the way it begin didn't looks like how altcoins of today's works, it was never designed to compete with anything than the current crap traditional financial system but all of a sudden when these altcoins were roll out, they started as Bitcoin killer and that was their first red flag, they were all there to replace Bitcoin while Bitcoin was trying to do better within crypto currency.

Bitcoin is special because it doesn't allocate billions of dollar worth of the coin to just few people who are sitting behind their houses with some white paper just to get rich quick without solving anything, just the usual hype that do lasted for 1 month and after that, it die and then the new one start again continues. This is how the cycle continues but Bitcoin remain Bitcoin despite all the forks to replace Bitcoin, none of the actually never succeeded. This is why all critisms around Bitcoin doesn't mean anything to the maximalist.

Jawhead999

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Because Bitcoin is the best of the best.

Are you looking for a coin that has a close utility like Bitcoin? it's Litecoin, but the downside is Litecoin not really popular nowadays.

Are you looking for a coin that offer better privacy than Bitcoin? it's Monero, but the downside is SEC forcing CEX to delist Monero and they might high likely forbid to trade Monero.

If there's something more promising than Bitcoin, I believe people will interested with it, but the problem there are no coins can compete against Bitcoin yet.

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Quote from: GbitG on June 29, 2024, 03:42:59 PM

Quote from: barisbilgili on June 29, 2024, 03:52:22 AM

However, to take advantage quickly in trading, there is no harm in choosing Altcoin because the price movements are also fast, but what you also need to remember is that everything will be worth it with all the possibilities between risk and profit.

That's what most people do these days, they invest small amounts in altcoins to try and take some profit from them because they tend to be more volatile than Bitcoin. This doesn't mean they dislike Bitcoin, some people say that if you like Bitcoin, you can't invest money in altcoins, I don't agree with this because diversification is the best thing. Invest most of your capital in Bitcoin but at least add some altcoins in your portfolio as well for diversification.

It's all about one's research abilities. If you know you can do good research and find out projects that have good potential, they have partnerships with famous projects, collaboration with famous people, the team is good, etc. Such metrics should be used to see if a project can get success or not.

Altcoins are not bad, there are just some that aren't good, you can filter them out.

Indeed, investing in altcoins is not so bad because it is a way in which we can leverage small capital to make significant profits, and the fact that we invest in altcoins does not mean that we do not like bitcoin or do not invest in it. But what confuses me is why many people always try to differentiate and even criticize people who invest in altcoins when the purpose of investing in bitcoin and altcoins is both for profit.

I also do not deny that investing in altcoins is risky and choosing a potential project is not easy, but that does not mean that all altcoins are scams and unprofitable. I really like the idea of investing mainly in bitcoin and spending a small amount of capital to invest in altcoins because it can increase profits as well as bring interesting experiences that bitcoin cannot provide. I don't think investing in altcoins is as hateful or evil as many people are expressing their views about it.

Topic: Why Bitcoin and not any Altcoin? - page 2. (Read 1088 times)