Topic: Why Bitcoin is the only crypto you should BUY - page 12. (Read 2694 times)

The examples you given are based on the fact that they were abandoned by the owners of project and second associated with Hack. As far as bitcoin is considered its one of the highly integrated coin over blockchain and the oldest seed that we know existed in the crypto space. Definitely it’s PoW is far more secure and now has become far more complex to crack down. The first ever mined block already has more than millions of confirmations so definitely there is heck of the way to crack it open and steal the info. Now that’s the thing which keeps us involved with the bitcoin.

You shouldn’t buy Bitcoin or any other cryptocurrency if you don’t know what it is and if you don’t believe in what it can offer. You will only lose sleep and your hard earned money if you put money in just because “everyone else is doing it”. I have a few Bitcoin components. I waited some months before making a purchase. It's a little amusement, and like with all amusement, I'll most likely pay for it. But, for the time being, I'm having fun with the game and hoping to make some money. I personally believe in Bitcoin and other altcoins available on the market and have done extensive research on my own before investing my money into it. Unless you’re willing to do the same, don’t bother.

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.

Just as you have said @op, altcoin is actually good but it all depends on the type of altcoin you are holding meaning not buying shitcoin which would result in losing all your investment. So holding bitcoin is the best as it's more safer to hold than any other coin which might likely dump anytime any moment rather holding a reputable coin like BNB, ETH and top 5 altcoin out there.

It may be true that I should move Altcoin funds to Bitcoin and store them on a Decentralized Exchange, but this will be a very difficult decision for investors buying Altcoins at a high enough price, while the current market position for almost all Altcoins has fallen 60-90% of their ATH. If we move our investment funds now This will be a consideration that can create a dilemma for investors including me.

The decision I made in this position is I let it go, if the price goes up again I will sell it and add it to my Bitcoin savings but if the price goes down I will consider it charity, and I will not buy any more altcoins.

I do not understand what half of your post meant, but if you meant by most of it are into altcoins then you might be better of putting them all now to Bitcoin. Not going to convince you, but I had seen plenty of changes from snapshots of CMC top coins throughout the years and regardless of the trends, Bitcoin just does not move an inch from the ranking unlike some of those inside top 10.

You could get away with some altcoins in the market right now, but some of it are just profitable due to hypes or sheer luck and I do not want my investment to be just based on luck.

Most of what you said dude is correct and I agree, that's why I don't agree with Tether what you said, I'm sorry mate because, in my years in this industry, I have seen that tether also leaks Actually.

Usdc and Busd are even better than Tether. Try to research what I'm saying, dude. So you can see what it means, or even to other people who will comment here on the topic you made. For sure someone else here will also say the opposite of what you said on Tether.

Although Bitcoin is dropping but we must be optimistic that the market immediately risper again, it is not difficult to rise tens of percent per day so that in a short time it can rise more than 100%, the good news today is more and more large companies and countries that make Bitcoin as an asset so as to make Bitcoin will be more rare and expensive in the future

Without you telling me I think almost everyone who has known Bitcoin for a long time already knows about this, but what you said can at least be very useful to those who are new to the crypto space or are new to Bitcoin. And that's why I never doubted Bitcoin even though it was experiencing a price drop in the market. Because the increase in the price of Bitcoin will never go away as long as there are still many users.

In my opinion Bitcoin is Cryptocurrencies with the biggest user, according to data from a site stating that active Bitcoin users are more than 10 million and the number of wallets filled with more than 100 million, this is what makes us worthy of optimism that bitcoin will continue to grow and more expensive.

I think your percentage is too high considering there are a few altcoins that are created because of the developers love for innovation and wanted to test it out.  They are even established without asking any crowdfunding and just let the market dictate if it will be accepted by the masses or not.  But sadly most of these altcoin doesn't cater attention and end up dead.  So I guess you should lessesn your 99.99999% to 99.8%  .  On a serious note, I agree that all of these altcoins that crowdfund their project are after money.  There is nothing we can do on that but not to participate but several people and investors think of it as an opportunity to gain profit so they jump into thise kind of crowdfunding without thinking of possible losses.


I agree, everyone is self-centered. They always want to prioritize their wants over other so we must not expect others to give us any advantage especially those cryptocurrency project that has central authority.  Only Bitcoin has no central authority so Bitcoin is always fair to all.


I beg to disagree, Bitcoin development depends on the developers for development.  Bitcoin price depends on supply and demand in the market. Bitcoin depends on miners to support its network and continuously produce blocks.  And Bitcoin propagation depends on every individual to promote and use Bitcoin.  Bitcoin itself is nothing but Bitcoin with its developers and miners and the community is superb.



The cryptocurrency industry is survival of the fittest, those that cater to lots of community and continue to propagate will surely survive but those that failed to gain enough community is doomed to die.  Also cryptocurrency project that think crypto is the best way to exploit people will eventually get exposed and be jailed.

I appreciate all your opinions about bitcoin and other cryptos.
In my opinion, bitcoin is a digital asset that does not depend on anyone and will not be affected by anything. i mean bitcoin will survive without altcoins even if some altcoins die it will not affect bitcoin in future.


of the many altcoins, in the future there will surely be a collapse or death for various reasons such as the cases of Luna and FTT. and one of the reasons is that altcoin companies will only be concerned with personal gain rather than thinking about altcoin uses.

Bitcoin is always the first choice because bitcoin is the center of cryptocurrencies, we can see market prices from bitcoin conditions so that if the bitcoin price goes up then it is likely that the price of altcoins will also go up, besides that bitcoin is a purely decentralized cryptocurrency because no one can add to bitcoin stock.

Bitcoin has many competitive advantages.

First, it is the first cryptocurrency.  All people on the planet Earth (about 8 billion people) know about Bitcoin. 

Secondly, Bitcoin has no founder, since Satoshi Nakamoto disappeared long ago.  People are always the weakest link in any system.  Satoshi Nakamoto originally designed Bitcoin as a system governed by mathematical algorithms rather than human will. 

That is why Bitcoin is a universal value, a value transfer protocol in the virtual space, digital gold and a decentralized monetary system independent of states and corporations!

What do you mean by you have to invest in altcoins to make a greater profits? Do you mean that if you invest in bitcoin, you are not going to make a good profit? We all see that bitcoin is down currently, we are currently in bear market and if you can buy bitcoin and hold, then you are going to make good money.
Am not asking you not to invest in altcoins, I think that's just your choice, but altcoins investment is not really a safe investment, no altcoins can be trusted, after the previous crash in Luna and FTX we don't know the next altcoins which will get compromised and if you are having investment in the Altcoins then your money is gone already. Bitcoin is a safe investment, the only thing that can happen to bitcoin is to dump, with time bitcoin is definitely going to bounce back.

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

I am not saying don't invest into top 20, but I am also not saying you should, I am just saying that anything out of top 20 is out of question, and when we are talking about top 20 then you start to question it. That is the difference between looking into something and not even looking into it.

For example, I would have looked into Luna, and decide not to invest, but I wouldn't even look into wave, or anything at that rank, do you understand the difference? Like I looked into bch and bsv as well, or even xrp, and I do not invest into those, bch was like second or third biggest at some point and I did not invest. So, top 20 is not what you should invest all together, it's only place you should look, but could decide not to.

This mean you're still supporting top 20 cryptocurrency!

Don't get me wrong, but BNB is also created to get more money for Binance since exchange coin is really useless. Don't forget Luna is top 10 crypto before it going to crash, since you're saying it's good to invest on top 20, those people aren't wrong to choose Luna

Invest a coin because they have huge marketcap and high volume is really pointless opinion.

I think the end goal for 99.99999% of the altcoins that was created were to make money for the founder and nothing more. I am not saying that we shouldn't invest into alts, like ETH and BNB are solid ones that I love so much, but people are going down the list way too much, investing into something that is not even in the top 20 or something and then they cry when it goes down.

Just realize that nobody has your best interest in their heart, only you have it. So, invest into things that people cannot abuse to make themselves richer. Luna and FTX had that chance, and that’s why they went down, bitcoin doesn't have it, that’s why it won't go down like that.

They tried to mimic what Binance did by creating BNB. That doesn't mean it will be the same ending as how successful Binance did it.
It's like saying you are not giving any chance to others who are building themselves too.
What if you are the one who found a new type of cryptocurrency that would change the perspective with altcoins? "Scam" as you say it.
Should we give you a chance or not? Or should we just say that is just another "scam"?
It's a broad competitive network and everyone who has knowledge with it can try to make one. I wish not all investors will have the same point of view as yours.

Bitcoin will always be my number 1 choice but that doesn't mean I am closing my eyes afterwards.