Bitcoin is the most trusted coin among cryptocurrencies. Bitcoin price has increased a lot and will increase a lot in the future. Many expect the price of Bitcoin to go up to $100-150k or more in the upcoming bull run, but it's all just speculation, no one can predict the exact future. Investing in other coins is much more risky but investing in Bitcoin is not that risky. So if someone wants to invest in crypto then he should choose bitcoin first but if he wants to take risk then he can invest in other coins as well as bitcoin. However, it is expected that investing in Bitcoin will be very profitable in the future. Buy Bitcoin and hold it patiently for the long term.
In the long term, Bitcoin will indeed be much more hopeful. because bitcoin adoption continues to expand quite rapidly. Even after the Bitcoin ETF is launched, Bitcoin's popularity among investors will also increase. So it is not surprising that the number of wallets that store bitcoin continues to increase rapidly at this time. And now people are also becoming more optimistic about holding bitcoin for the long term. But that doesn't mean altcoins are bad. because some altcoins can also be expected to do very well in the future. For example ETH. 
Topic: Why Bitcoin is the only crypto you should BUY (Read 2694 times)
Bitcoin is the most trusted coin among cryptocurrencies. Bitcoin price has increased a lot and will increase a lot in the future. Many expect the price of Bitcoin to go up to $100-150k or more in the upcoming bull run, but it's all just speculation, no one can predict the exact future. Investing in other coins is much more risky but investing in Bitcoin is not that risky. So if someone wants to invest in crypto then he should choose bitcoin first but if he wants to take risk then he can invest in other coins as well as bitcoin. However, it is expected that investing in Bitcoin will be very profitable in the future. Buy Bitcoin and hold it patiently for the long term.
BTC is superior to all other blockchain attempts is easily arguable, its the most secure and so most highly valued as thats largely what drives the prices. We dont want to lose the innovation of other projects though so I would not say its absolute. Its possible other projects produce a positive that feedbacks to BTC because all other tokens and protocols will exchange to BTC surely, they are all in the same ecosystem.
BTC is the one to buy but also if people want to speculate on growth in other assets, that is reasonable. A variety of assets with a broad spectrum of uses and dynamics to their value and price, this can also be true in crypto with some variation to value. So I dont agree only BTC should exist but use caution when speculating on the new ideas and attempts to replicate BTC success, BTC will always be safer has been a fair rule & true for a long time.
BTC is the one to buy but also if people want to speculate on growth in other assets, that is reasonable. A variety of assets with a broad spectrum of uses and dynamics to their value and price, this can also be true in crypto with some variation to value. So I dont agree only BTC should exist but use caution when speculating on the new ideas and attempts to replicate BTC success, BTC will always be safer has been a fair rule & true for a long time.
Yes, bitcoin is the top choice because it is the safest, but to say that when entering the cryptocurrency market we should only buy bitcoin and ignore the rest is a waste.
The reason why Bitcoin is the only asset that must be purchased is because Bitcoin is an electronic payment system that is outside the control of any central government. Bitcoin can make things easier for you in all aspects and when you are anywhere, you can buy anything with Bitcoin without having to carry fiat money and exchange your local currency for foreign currency while traveling around the world.The technology used behind Bitcoin (Blockchain) offers high transparency because every transaction record is stored throughout the network, this can reduce the risk of manipulation or fraud. The liquidity of Bitcoin itself makes it easy for every investor to buy or sell it because Bitcoin is widely traded on various crypto asset exchange platforms.
Not all countries have made BTC a legal tender, so it's not true that if you are anywhere you can buy anything. Let's only hope that we will soon get there. That can surely help us and BTC even more. Transparency is attained through blockchain but there are still manipulations and frauds that happen in the crypto world, so it's important to equip our selves with knowledge in order to avoid them.
Perhaps it is not right to disparage all alt-coins. Some alt-coins make you a lot of profit. As Bitcoin is the best cryptocurrency, comparing alt-coins with Bitcoin is not fair. Decentralization system is it's main basis.
Believe it or not, the price growth of alt coins is completely dependent on Bitcoin. If you can analyze the market well, you can see that the price of Bitcoin fluctuates with the price of alt coins. But you are right that there are some alt coins which are promising to invest in and expect good results. If you patiently invest in potential alt coins, your success will come from there.Quote
If you want to get more profit from bitcoin, you have to invest and hold for long term.
Maybe it's our misconception that many people think that only long-term investment in Bitcoin can make a profit, you can also earn profits by investing in bitcoins short-term, but you need to buy a lot of bitcoins to invest in short-term. If you use DCA to invest in Bitcoin, then you must hold it for the long term. Because using the DCA method, investors buy small amounts of bitcoins either monthly or weekly. Well Bitcoin will always be the number 1 crypto currency for us to invest in. It was the first crypto and it is the coin that has seen the most profits since it was created.
But we also must know it is important to diversify our crypto portfolios. We can not put all of our investment into just a single coin like Bitcoin. I do see why you do think this but I think theres lots of people that do not prefer to do that for their investment.
Bitcoin is the most reliable currency for investment as the value of Bitcoin is out of reach from all other coins. Looking at the performance of the past few days, it is clear that Bitcoin will move at a faster pace. Those who invested in Bitcoin four or five years ago and held on to it are now reaping huge profits. If you invest in Bitcoin today, you cannot expect much profit from it tomorrow. You should not only invest in Bitcoin but hold it for the long term, if you think that its value is too high to invest in this year then I think you are wrong decision. Did those who invested in the past also think like the present? I think Bitcoin can make new highs towards the end of the year so invest in Bitcoin, hold it for the long term. Exactly how many people like it or not isn't really the point, the point is how long you can afford to invest in Bitcoin. But we also must know it is important to diversify our crypto portfolios. We can not put all of our investment into just a single coin like Bitcoin. I do see why you do think this but I think theres lots of people that do not prefer to do that for their investment.
The way I see it, all bullshit token and coin abandons are done for this one reason; they only have one purpose which I will explain better...
We saw Luna and FTT are made for a reason which is to support those companies themselves, the day these companies drop their token or their currency will drop too.
That's why for me bitcoin is perfection because this previous one is multipurpose and its foundation is to avoid intermediaries there are no companies managing it, we will not be able to match satoshi due to the price drop(thats a clever move for him to stay behind the scenes).
Because we know that satoshi does not depend on a company to reinforce bitcoin.
And with this I finish all the currencies are a scam(meaning that the price can disappear) for me, personally the legit ones they are btc and tether.
What do you think?
Well that is youre own sight or opinion but for me there are so many legit coin on the market and they are in cmc and coingecko, bitcoin and Ethereum is the most amazing coin or the most popular coin but there are also altcoins that is more profitable than investing into bitcoin, bitcoin is good but you need to hokd it for a long period of time to earn, whike in alt coins you can earn profit in just a couple of months depending on yhe coin you buy and hold. We saw Luna and FTT are made for a reason which is to support those companies themselves, the day these companies drop their token or their currency will drop too.
That's why for me bitcoin is perfection because this previous one is multipurpose and its foundation is to avoid intermediaries there are no companies managing it, we will not be able to match satoshi due to the price drop(thats a clever move for him to stay behind the scenes).
Because we know that satoshi does not depend on a company to reinforce bitcoin.
And with this I finish all the currencies are a scam(meaning that the price can disappear) for me, personally the legit ones they are btc and tether.
What do you think?
Are you sure that everyone who has bought bitcoin in recent years has benefited greatly from bitcoin? So let me ask those who bought bitcoin for $69k in 2021, how do they feel now? Even if they sold bitcoin for $73k last month, do you think they would be so happy and rich making even less than 10% profit in 3 years of holding bitcoin?
No one can guarantee that all investors will definitely make a profit if they are holding Bitcoin for a long time. It depends on how the investors manage the Bitcoin assets. If they do entry (buying) and exit (selling) at the right time, they must take profits. But if they do it in the wrong time, the investors can sell for a loss or give up. Let's say an investor buys a Bitcoin when the price reached its peak. Then, he is too late to sell the Bitcoin in the bullrun season. When it is the bearish season, he may easily be influenced by FUDs and may decide of selling for a loss.Anyway, taking profits around 10% for 3 years of holding is too small. It is just wasting time for me.
Bitcoin is a potential investment but at the end of the day, it is a financial market and to be able to make a good profit from it, you need to buy it at a good price and sell it at a good price. You cannot become rich just by buying it at any price and selling it after 3 or 4 years.
That's why we need to have a good analysis about the time for buying and selling. This requires knowledge, we only can do this if we have good knowledge. How can we analyze it if we have a lack of knowledge? I even doubt that we may hold for 3-4 years if we don't know about the cycle. It is not a short time, many people may be not patient to wait for some years. But people who has the knowledge, they must be confident to hold some years.As I said bitcoin is a financial market and it is extremely fierce, there are few winners, many losers. But many people are investing in bitcoin blindly because they think that just buying bitcoin at any price and holding for 3 to 4 years will reap big profits. When it comes to investing, we need the knowledge to know when is the right time to buy and what is the good time to sell.
In addition, the market is unpredictable, don't be too naive and put too much faith in events and be sure that once there is good news, the market will definitely increase in price. If financial markets were so easy to predict, there wouldn't be so many losers.
Are you sure that everyone who has bought bitcoin in recent years has benefited greatly from bitcoin? So let me ask those who bought bitcoin for $69k in 2021, how do they feel now? Even if they sold bitcoin for $73k last month, do you think they would be so happy and rich making even less than 10% profit in 3 years of holding bitcoin?
No one can guarantee that all investors will definitely make a profit if they are holding Bitcoin for a long time. It depends on how the investors manage the Bitcoin assets. If they do entry (buying) and exit (selling) at the right time, they must take profits. But if they do it in the wrong time, the investors can sell for a loss or give up. Let's say an investor buys a Bitcoin when the price reached its peak. Then, he is too late to sell the Bitcoin in the bullrun season. When it is the bearish season, he may easily be influenced by FUDs and may decide of selling for a loss.Anyway, taking profits around 10% for 3 years of holding is too small. It is just wasting time for me.
Bitcoin is a potential investment but at the end of the day, it is a financial market and to be able to make a good profit from it, you need to buy it at a good price and sell it at a good price. You cannot become rich just by buying it at any price and selling it after 3 or 4 years.
That's why we need to have a good analysis about the time for buying and selling. This requires knowledge, we only can do this if we have good knowledge. How can we analyze it if we have a lack of knowledge? I even doubt that we may hold for 3-4 years if we don't know about the cycle. It is not a short time, many people may be not patient to wait for some years. But people who has the knowledge, they must be confident to hold some years.Bitcoin has always been a high potential currency, those who have been holding Bitcoin for the past two to three years have benefited enormously at the moment. We have seen how Bitcoin went from zero to maximum. Bitcoin is currently the most popular and profitable cryptocurrency. The popularity of Bitcoin is increasing day by day and the value of Bitcoin will also increase in the future. Bitcoin Halving ended a few days ago, and we all know exactly how much Bitcoin price increases after Bitcoin Halving. So there is a high possibility that the price of Bitcoin will increase a lot in the next few days. So you should invest in Bitcoin and hold for long time, Bitcoin is giving high profit to every investor.
Are you sure that everyone who has bought bitcoin in recent years has benefited greatly from bitcoin? So let me ask those who bought bitcoin for $69k in 2021, how do they feel now? Even if they sold bitcoin for $73k last month, do you think they would be so happy and rich making even less than 10% profit in 3 years of holding bitcoin?
Bitcoin is a potential investment but at the end of the day, it is a financial market and to be able to make a good profit from it, you need to buy it at a good price and sell it at a good price. You cannot become rich just by buying it at any price and selling it after 3 or 4 years.
Additionally, bitcoin is getting bigger and more secure, which means its returns are gradually shrinking compared to other altcoins. How can you make a big profit if you buy bitcoin now and sell it during the next bull season?
Bitcoin has always been a high potential currency, those who have been holding Bitcoin for the past two to three years have benefited enormously at the moment. We have seen how Bitcoin went from zero to maximum. Bitcoin is currently the most popular and profitable cryptocurrency. The popularity of Bitcoin is increasing day by day and the value of Bitcoin will also increase in the future. Bitcoin Halving ended a few days ago, and we all know exactly how much Bitcoin price increases after Bitcoin Halving. So there is a high possibility that the price of Bitcoin will increase a lot in the next few days. So you should invest in Bitcoin and hold for long time, Bitcoin is giving high profit to every investor.
It is true that those who have held Bitcoin for a long period of time have of course made a profit and there are many challenges they face in holding Bitcoin. If they don't understand it well, they certainly won't be able to be patient in holding Bitcoin for a long period of time as stated. you mentioned that, but if they don't understand it well, of course they will release the Bitcoin they have when the price correction occurs, so I think it is important for those who want to hold Bitcoin, of course they must be able to hold it for a long period of time and now this has just happened. halving and it is possible that in the next few months there will be an even higher increase. Bitcoin has always been a high potential currency, those who have been holding Bitcoin for the past two to three years have benefited enormously at the moment. We have seen how Bitcoin went from zero to maximum. Bitcoin is currently the most popular and profitable cryptocurrency. The popularity of Bitcoin is increasing day by day and the value of Bitcoin will also increase in the future.
Bitcoin is a decentralized digital currency over which no human has control. As per your words those who invested two to three years ago are on the brink of success now and those who invest now and hold patiently will also succeed in the future. If we who want to invest in Bitcoin see how low the price of Bitcoin was in the beginning and how much the price of Bitcoin has increased since then, maybe our interest in investing will increase to a greater extent. Many people have gone from zero to hero by investing in Bitcoin i.e. life has changed through Bitcoin investment.Quote
Bitcoin Halving ended a few days ago, and we all know exactly how much Bitcoin price increases after Bitcoin Halving. So there is a high possibility that the price of Bitcoin will increase a lot in the next few days. So you should invest in Bitcoin and hold for long time, Bitcoin is giving high profit to every investor.
Bitcoin halving event has just ended i.e. Bitcoin halving has been completed a few days ago. Bitcoin prices do not explode in the market immediately after the Bitcoin halving, it takes time. Maybe we will see the Bitcoin price increase in the next five to six months as many are hoping. 
Yes, bitcoin is the top choice because it is the safest, but to say that when entering the cryptocurrency market we should only buy bitcoin and ignore the rest is a waste. We should not deny that altcoins have greater risk than bitcoin but the profits they bring are also much greater. If someone is willing to take risks, we should not ignore altcoins because their profits are completely commensurate with the risks we take.
Personally, I think where to invest is each person's choice and depends on each person's preferences. Don't try to impose your thoughts on others and assume that others are wrong just because they don't have the same thoughts as you, don't be conservative.
honestly the answer is always diversification, bitcoin is indeed the safest but we can also take the opportunity of diversification to invest in other altcoin out there and still make profit while the risk is significantly reduced.Personally, I think where to invest is each person's choice and depends on each person's preferences. Don't try to impose your thoughts on others and assume that others are wrong just because they don't have the same thoughts as you, don't be conservative.
with diversification at least if some altcoin justn suddenly losing its value we don't really lost all the money.
but if you are really focused on investing in bitcoin thats not wrong too, there's reason why institutional investors and management fund companies are just investing in bitcoin only probably due to the fact that its the safest for investment for most of them and they can't just rely on investing in some altcoins so I guess it is also good to have investment in bitcoin only sometimes.
I would not consider investing in altcoins as diversification to minimize risk because the entire market depends on bitcoin and if bitcoin has problems then the rest will not be safe either. Partially investing in altcoins has only one purpose, which is to take risks to earn higher profits, not to minimize risks.
You cannot compare retail investors with large institutions or investment funds. Similar to why many billionaires and millionaires prefer to invest in gold or real estate and not bitcoin. Our positions and theirs are completely different, so don't make such lame comparisons.
Those who invest completely in bitcoin are not too bad, but those who invest partially in altcoins with the desire to seek higher profits are also not wrong, don't judge others just because they invest in altcoins.
Bitcoin has always been a high potential currency, those who have been holding Bitcoin for the past two to three years have benefited enormously at the moment. We have seen how Bitcoin went from zero to maximum. Bitcoin is currently the most popular and profitable cryptocurrency. The popularity of Bitcoin is increasing day by day and the value of Bitcoin will also increase in the future. Bitcoin Halving ended a few days ago, and we all know exactly how much Bitcoin price increases after Bitcoin Halving. So there is a high possibility that the price of Bitcoin will increase a lot in the next few days. So you should invest in Bitcoin and hold for long time, Bitcoin is giving high profit to every investor.
Yes, bitcoin is the top choice because it is the safest, but to say that when entering the cryptocurrency market we should only buy bitcoin and ignore the rest is a waste.
The reason why Bitcoin is the only asset that must be purchased is because Bitcoin is an electronic payment system that is outside the control of any central government. Bitcoin can make things easier for you in all aspects and when you are anywhere, you can buy anything with Bitcoin without having to carry fiat money and exchange your local currency for foreign currency while traveling around the world.The technology used behind Bitcoin (Blockchain) offers high transparency because every transaction record is stored throughout the network, this can reduce the risk of manipulation or fraud. The liquidity of Bitcoin itself makes it easy for every investor to buy or sell it because Bitcoin is widely traded on various crypto asset exchange platforms.
Besides El Salvador being the only country that accepts bitcoin as a legal currency, I have not seen any 2nd country that accepts bitcoin as a currency or payment method. This is the first time I've heard someone say that we can use bitcoin to pay for things without having to convert bitcoin to fiat money anywhere in the world.
Again, are you serious about what you are saying? I'm really confused with what you said.
Yes, bitcoin is the top choice because it is the safest, but to say that when entering the cryptocurrency market we should only buy bitcoin and ignore the rest is a waste. We should not deny that altcoins have greater risk than bitcoin but the profits they bring are also much greater. If someone is willing to take risks, we should not ignore altcoins because their profits are completely commensurate with the risks we take.
Personally, I think where to invest is each person's choice and depends on each person's preferences. Don't try to impose your thoughts on others and assume that others are wrong just because they don't have the same thoughts as you, don't be conservative.
honestly the answer is always diversification, bitcoin is indeed the safest but we can also take the opportunity of diversification to invest in other altcoin out there and still make profit while the risk is significantly reduced.Personally, I think where to invest is each person's choice and depends on each person's preferences. Don't try to impose your thoughts on others and assume that others are wrong just because they don't have the same thoughts as you, don't be conservative.
with diversification at least if some altcoin justn suddenly losing its value we don't really lost all the money.
but if you are really focused on investing in bitcoin thats not wrong too, there's reason why institutional investors and management fund companies are just investing in bitcoin only probably due to the fact that its the safest for investment for most of them and they can't just rely on investing in some altcoins so I guess it is also good to have investment in bitcoin only sometimes.
Yes, bitcoin is the top choice because it is the safest, but to say that when entering the cryptocurrency market we should only buy bitcoin and ignore the rest is a waste. We should not deny that altcoins have greater risk than bitcoin but the profits they bring are also much greater. If someone is willing to take risks, we should not ignore altcoins because their profits are completely commensurate with the risks we take.
Buying Bitcoin only doesn't mean you are safe, it's just that you are 1 step ahead of many dangers of altcoins because you can ignorantly buy Bitcoin without doing any research about it and has a peace of mind but you can't do such with altcoins, all the crypto coins has risk but the lowest one among them is Bitcoin and that is what I will recommend for anyone but if anyone can take the risk of altcoins, why not. They are profitable but the risk is always there anytime.
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Personally, I think where to invest is each person's choice and depends on each person's preferences. Don't try to impose your thoughts on others and assume that others are wrong just because they don't have the same thoughts as you, don't be conservative.
Well, assumptions of others and their opinions helps you know, you can't just wake up one day because you see people buying meme coins and showing profits and you decide to use that as a preference for investment, that's bad and will land you in loss you might not see coming.
Why people concentrate in buying Bitcoin is because if you have to do with the good potential so when you don't have a potential or understand the movement of Bitcoin you will think that a bitcoin is like other coins especially alt coins so what you have to do is that you have to invest in any coin that I have potential and is also a reputable coin so therefore those coins is worthy for someone to invest on Bitcoin is one of the top coins that have a potential so whoever that is investing in Bitcoin is not making a mistake so I believe our Bitcoin should be a something that we should invest on without anything like fear
Slightly disagree with what you said, I think people's interest in Bitcoin is not based on its potential price movement, Of course, before investing or buying Bitcoin, of course the person will definitely find out about this asset. They definitely know the impact of the investment itself. Of course they don't just put their money there.And why do many people believe in this asset? If they have found and believe in the asset, of course they will definitely buy it. I think why many people believe in Bitcoin, if I look at it, it lies in the decentralized technology created by its creators and there is no internal interference from the brand itself, unlike alts.
Yes, bitcoin is the top choice because it is the safest, but to say that when entering the cryptocurrency market we should only buy bitcoin and ignore the rest is a waste.
The reason why Bitcoin is the only asset that must be purchased is because Bitcoin is an electronic payment system that is outside the control of any central government. Bitcoin can make things easier for you in all aspects and when you are anywhere, you can buy anything with Bitcoin without having to carry fiat money and exchange your local currency for foreign currency while traveling around the world.The technology used behind Bitcoin (Blockchain) offers high transparency because every transaction record is stored throughout the network, this can reduce the risk of manipulation or fraud. The liquidity of Bitcoin itself makes it easy for every investor to buy or sell it because Bitcoin is widely traded on various crypto asset exchange platforms.
Why people concentrate in buying Bitcoin is because if you have to do with the good potential so when you don't have a potential or understand the movement of Bitcoin you will think that a bitcoin is like other coins especially alt coins so what you have to do is that you have to invest in any coin that I have potential and is also a reputable coin so therefore those coins is worthy for someone to invest on Bitcoin is one of the top coins that have a potential so whoever that is investing in Bitcoin is not making a mistake so I believe our Bitcoin should be a something that we should invest on without anything like fear
For the future, no one doubts that, from what is happening we can see that Bitcoin price movements are quite positive for a long period of time, the price is always able to recover or grow higher.And we also have to look at it from the side whether it is true or not, there are many comparisons between investing in Bitcoin or Altcoin and I also think for future security we are better off choosing Bitcoin.
However, I don't make that the only investment option because if we want to make big profits then we also have to be brave enough to take risks, namely investing in Altcoins with all the possible risks which will also be worth it with the possible profits that will be obtained.
Yes, bitcoin is the top choice because it is the safest, but to say that when entering the cryptocurrency market we should only buy bitcoin and ignore the rest is a waste. We should not deny that altcoins have greater risk than bitcoin but the profits they bring are also much greater. If someone is willing to take risks, we should not ignore altcoins because their profits are completely commensurate with the risks we take.
Personally, I think where to invest is each person's choice and depends on each person's preferences. Don't try to impose your thoughts on others and assume that others are wrong just because they don't have the same thoughts as you, don't be conservative.
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