Topic: Why Bitcoin is the only crypto you should BUY - page 11. (Read 2694 times)
You raise an excellent point about how bitcoin dominates the market and how other cryptocurrencies are also impacted when the price of bitcoin changes. As is my custom, I place a higher value on bitcoin than other cryptocurrencies, but I've learned a few things from the recent events involving luna and ftx. the idiom "not your keys, not your coin" used to be common I've always kept that in the back of my mind since it demonstrated the fact that not all coins can withstand market volatility, and even while investing in cryptocurrencies carries some risk, I believe that doing so in bitcoin is considerably better than doing so in other coins.
Big institutions are investing in other altcoins as well as Bitcoin, this doesn't make them stupid but yes Bitcoin is the safest of them all yet we can't deny that other coins brings more profits to investors than Bitcoin.
All you need to do is make the right choices, also do not put all your eggs in one basket 🧺. Imagine all you held was Luna and FTX token.
And the choice for them with altcoins are very limited. They just can't lean to a centralized altcoin that could be rug pulled anytime and will turn into a shit afterwards. All you need to do is make the right choices, also do not put all your eggs in one basket 🧺. Imagine all you held was Luna and FTX token.
Bitcoin is the safest of them all.
No central authority, even if the government steps in, they just can't freeze the entire network of bitcoin because no one has got a control of it and it can't be rug pulled.
whatsoever and that do really opposing that anonymity idea or scheme which is really that something we could see on the market today.Bitcoin might be sitting on the top but it doesnt mean that
it would really ensure out that this one will really be on like forever.There's no such thing about being safe because on every investment there's a particular risk.If you do opt on
focusing with Bitcoin accumulation then it would be your choice.
Big institutions are investing in other altcoins as well as Bitcoin, this doesn't make them stupid but yes Bitcoin is the safest of them all yet we can't deny that other coins brings more profits to investors than Bitcoin.
All you need to do is make the right choices, also do not put all your eggs in one basket 🧺. Imagine all you held was Luna and FTX token.
And the choice for them with altcoins are very limited. They just can't lean to a centralized altcoin that could be rug pulled anytime and will turn into a shit afterwards. All you need to do is make the right choices, also do not put all your eggs in one basket 🧺. Imagine all you held was Luna and FTX token.
Bitcoin is the safest of them all.
No central authority, even if the government steps in, they just can't freeze the entire network of bitcoin because no one has got a control of it and it can't be rug pulled.
Many fake coin was get into launch now. So it’s better to check the white paper of the project. Because from the whitepaper you can check the owner of the project is real or fake. The company address of the project is real and kyc of person involved is scammer or fake. Then you can do the roadmap of the project. If the project is projected for the long run, surely we can gain 20-30 percentage of profit from it. Without the background check, you made some investments. Surely it will stole all the invested money.
Big institutions are investing in other altcoins as well as Bitcoin, this doesn't make them stupid but yes Bitcoin is the safest of them all yet we can't deny that other coins brings more profits to investors than Bitcoin.
All you need to do is make the right choices, also do not put all your eggs in one basket 🧺. Imagine all you held was Luna and FTX token.
All you need to do is make the right choices, also do not put all your eggs in one basket 🧺. Imagine all you held was Luna and FTX token.
Am surprised the OP does not trust any other projects out there but have so much trust for tether - of all projects 
It seem op is not reading all the controversies surrounding tether and their lack of transparency. To me, i would say don't place so much trust on tether because they are also capable of acting the way ftx and luna acted.
Trusting btc is the best option because there is no central bodies controlling it, you are not scared of team sabotaging the project and gambling with investors funds, this is the reason why not your keys not your money is highly emphasized on.
It seem op is not reading all the controversies surrounding tether and their lack of transparency. To me, i would say don't place so much trust on tether because they are also capable of acting the way ftx and luna acted.
Trusting btc is the best option because there is no central bodies controlling it, you are not scared of team sabotaging the project and gambling with investors funds, this is the reason why not your keys not your money is highly emphasized on.
Because bitcoin is one of the best things that has happened to humanity in the last decade or so, and the launch of bitcoin has decentralized the financial system and empowered the unbanked in some remote areas.
But that's not all, because crypto especially bitcoin has emerged as a top investment instrument before the highest ATH occurs, and can turn investors' money into thousands of dollars after a new ATH occurs. And all of that goes through a long process and strong patience to get satisfactory results.
However, investing in bitcoin comes with risks, especially with the high volatility affecting the crypto market, and novice investors need to understand how bitcoin works well before getting involved.
and as long as you do it for the long term I think it's okay and still profitable in the end, as long as you don't care about it and also don't panic when the bitcoin price drops. Because in the end the price of bitcoin will rise again and even exceed its highest price.
And the most important thing is to be patient and take advantage of the downturns to develop hold and hold for the long haul.
don't really care about altcoins because eventually they will follow the movement of bitcoin, i also own a few altcoins and treat them the same way only bitcoin comes first.
But that's not all, because crypto especially bitcoin has emerged as a top investment instrument before the highest ATH occurs, and can turn investors' money into thousands of dollars after a new ATH occurs. And all of that goes through a long process and strong patience to get satisfactory results.
However, investing in bitcoin comes with risks, especially with the high volatility affecting the crypto market, and novice investors need to understand how bitcoin works well before getting involved.
and as long as you do it for the long term I think it's okay and still profitable in the end, as long as you don't care about it and also don't panic when the bitcoin price drops. Because in the end the price of bitcoin will rise again and even exceed its highest price.
And the most important thing is to be patient and take advantage of the downturns to develop hold and hold for the long haul.
don't really care about altcoins because eventually they will follow the movement of bitcoin, i also own a few altcoins and treat them the same way only bitcoin comes first.
It cannot be denied anymore that bitcoin will always be the first choice because it is a measure of whether cryptocurrencies can rise or not, the biggest Bitcoin marketcap is certainly my reason that it is very difficult to control the price of bitcoin so that whatever price occurs in the market is purely from market law.
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.
What do you think?
I don't know why people will till trust shitcoins that bitcoin? but of course we cannot blame them for risking with big return but at least consider investing in Bitcoin for more ways than this.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.
What do you think?
actually I must admit that I have some altcoins in my pocket , but I am sure 80% of my funds are on bitcoin.
Bitcoin is a coin that has the highest reputation because it cannot be controlled like a smart contract based project, until now there are no complaints or cases of theft from Bitcoin so that we become the most feasible assets we make the first choice, this is what makes investors always make Bitcoin as an option main.
and aside from being Pioneer coin , but there are also several coins that cannot be controlled but of course we will stay in Bitcoin to support. 
Bitcoin is head and shoulders above any other coins when it comes to it's economic value and importance in a functioning society, but it's not the ONLY coin , in my opinion, that is worth buying. There are a couple other coins that provide some value, and can help address and economic issue etc. While there are VERY few, coins like Litcoin, Ethereum, and Monero all have value in my mind, each can solve a real world problem, and coins that show a lot of promise still yet to come.
Most of us in this industry aren't because of altcoin, almost certainly because of bitcoin. I never knew there were so many tradable altcoin before I really got to know bitcoin. So it doesn't make sense why many of us should ignore bitcoin from our investment portfolio and just have a bunch of different altcoin in it.Even in the current bear market, bitcoin has never lost the confidence of investors compared to altcoin investors. Bitcoin as a store of value, bitcoin as a long-term investment, bitcoin as a currency and a means of payment and those are all things that make bitcoin the first choice in any investment portfolio. Even if someone ignores bitcoin, it means they fail to understand what bitcoin is.
Bitcoin is a coin that has the highest reputation because it cannot be controlled like a smart contract based project, until now there are no complaints or cases of theft from Bitcoin so that we become the most feasible assets we make the first choice, this is what makes investors always make Bitcoin as an option main.
Bitcoin is head and shoulders above any other coins when it comes to it's economic value and importance in a functioning society, but it's not the ONLY coin , in my opinion, that is worth buying. There are a couple other coins that provide some value, and can help address and economic issue etc. While there are VERY few, coins like Litcoin, Ethereum, and Monero all have value in my mind, each can solve a real world problem, and coins that show a lot of promise still yet to come.
A huge majority of cryptocurrencies are scams, but not all are scams. A cryptocurrency dropping in price(or going to zero) doesn't automatically mean it's a scam — it can also mean that it simply just failed. Just like how a lot of businesses, companies, and projects(startups) can fail.
Agree. Although there are many scam crypto coins, it doesn't mean only Bitcoin is trustable while others are possibly scams. Top altcoins such as ETH, BNB, ADA, MATIC, or SOL isn't scam coin. They showed proof that they can be trusted because they have clear and strong fundamentals. It makes them survive as top coins so far. Even if they may drop their prices drastically someday and be announced as a failed project, doesn't mean they are made as scam coins. You are right, every project has a chance to fail, it is something unavoided. Those people who call scams in each failed coin, just don't understand the difference between "scam" and "failure".Obviously such a thought process makes no sense, as someone with that kind of thinking may see bitcoin as a scam because they lost money with it and Luna as a legitimate investment because they earned money with it, when in fact they have their reasoning completely backwards.
A huge majority of cryptocurrencies are scams, but not all are scams. A cryptocurrency dropping in price(or going to zero) doesn't automatically mean it's a scam — it can also mean that it simply just failed. Just like how a lot of businesses, companies, and projects(startups) can fail.
Agree. Although there are many scam crypto coins, it doesn't mean only Bitcoin is trustable while others are possibly scams. Top altcoins such as ETH, BNB, ADA, MATIC, or SOL isn't scam coin. They showed proof that they can be trusted because they have clear and strong fundamentals. It makes them survive as top coins so far. Even if they may drop their prices drastically someday and be announced as a failed project, doesn't mean they are made as scam coins. You are right, every project has a chance to fail, it is something unavoided. Those people who call scams in each failed coin, just don't understand the difference between "scam" and "failure".There really isn't anything wrong with some altcoins but when you look at the volatility that exists at the moment if given the opportunity of course being in bitcoin is far more worth it.
Hacks, scams, fraud schemes, multiplier investments, etc keeps running around. What needs to be done to be on the safer side is analyse and understand the market than simply moving on someone's suggetion.
OP have connected the reason with the hacks and bad incidents that happen out of the centralised system. This is part of the network, we need to move on. Bitcoin is always the right pick, for its real-time usage and growth happening in terms of adoption and multiple usage. Having diversified investment will help in making the market better than now.
OP have connected the reason with the hacks and bad incidents that happen out of the centralised system. This is part of the network, we need to move on. Bitcoin is always the right pick, for its real-time usage and growth happening in terms of adoption and multiple usage. Having diversified investment will help in making the market better than now.
A huge majority of cryptocurrencies are scams, but not all are scams. A cryptocurrency dropping in price(or going to zero) doesn't automatically mean it's a scam — it can also mean that it simply just failed. Just like how a lot of businesses, companies, and projects(startups) can fail.
Agree. Although there are many scam crypto coins, it doesn't mean only Bitcoin is trustable while others are possibly scams. Top altcoins such as ETH, BNB, ADA, MATIC, or SOL isn't scam coin. They showed proof that they can be trusted because they have clear and strong fundamentals. It makes them survive as top coins so far. Even if they may drop their prices drastically someday and be announced as a failed project, doesn't mean they are made as scam coins. You are right, every project has a chance to fail, it is something unavoided. Those people who call scams in each failed coin, just don't understand the difference between "scam" and "failure".
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.
One of the reasons is that Bitcoin will never be like them, whatever happens, whatever the FUD that people reading about Bitcoin. Bitcoin will always survive and then rise up again. We trust in Bitcoin, this is the first major crypto to trust more than others, nothing to doubt. Bitcoin is the soul of crypto, if this is crashed, altcoins will also crash. 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.
Although Bitcoin is dropping but we must be optimistic that the market immediately risper again,
This is what always happens to Bitcoin. Although Bitcoin is dropped, in fact, this crypto can always rise up again multiple times during the bullish er. We know that Bitcoin is very volatile and fluctuating but in fact, we can't also deny that Bitcoin is always able to rise up again. This is exactly different from altcoins. Some are rising up, but most of altcoins are not able to pass the previous ATH, only some of them. and none is guaranteedA cryptocurrency dropping in price(or going to zero) doesn't automatically mean it's a scam — it can also mean that it simply just failed. Just like how a lot of businesses, companies, and projects(startups) can fail.
Most people don't know this. Anything can fail so, deeping of coin or token, doesn't mean
and so as with investment here on crypto space which it doesnt really exempt out Bitcoin even this is the main coin where the community is mainly been supporting.
There's no way about having that 100% risk free which is something that we should mind about. When we do buy up crypto whether focusing on Bitcoin
or with some altcoins then always be mindful about the risk on every step or action you would make.
A cryptocurrency dropping in price(or going to zero) doesn't automatically mean it's a scam — it can also mean that it simply just failed. Just like how a lot of businesses, companies, and projects(startups) can fail.
Most people don't know this. Anything can fail so, deeping of coin or token, doesn't mean
For now I do not make Bitcoin the main choice of investment, if the total may only be around 14% of the total assets of cryptocurrencies, most of them are Altcoins, this is because the market conditions are very difficult and to get greater profits in my opinion is with investment in Altcoins, while I make Bitcoin as a long -term investment
Hypes are mostly done in altcoins and many people make money from it, unlike in Bitcoin where the price is just almost stable. But if you are aiming for long-term investment, Bitcoin is what you should invest in. I can just remember last year that a particular shitcoin spike more than 1000%, it is really a big profit for the holders if they had sold it. And this is why investors couldn't go away from investing altcoins just like you. It is a practical investment, yet it corresponds to very high risk.
I understand that the need and the want for it, but the reality is that it's not going to happen. Too many people lost money during this period, which means that hype can't be done, but during bull run too many people make a lot of money so they can spend it on hype.
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