Why Bitcoin is the only crypto you should BUY - page 2.

barisbilgili

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Quote from: Onyeeze on April 24, 2024, 04:23:56 PM

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.

mich

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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.

Baki202

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Quote from: Barikui1 on March 19, 2024, 03:38:07 AM

You are actually right on Bitcoin, their is no substitute to it when it comes to digital currencies, but you mentioning tether as one of the very best is wrong to me, because tether is just like our fiat, besides it's peg with the us dollar, so it can't increase in value overtime, and it can even be eaten up by inflation due to it stable nature.

It's a good thing that as a newbie, it's best you focus more on Bitcoin than to trade any of this alt or shit coin that would make you lose your hard earned money, so it's best you be on the safer side than gambles on most of this alt or meme coin.

People give more trust to bitcoin than any other alternative coin and why people give prior to bitcoin is that been the first and no matter the market situation bitcoin will always be the king and if not for that, there are beautiful alternative coins that are doing very well and from what am looking at, not everyone will be able to afford bitcoin, and buying it in bits does not make much sense and that is why the same way bitcoin is getting attention same goes to altcoins , just that people don't know the difference, because of money and greedy people will go about investing in shit coin, and when they lose money due to the coin crashing then they will know the importance of learning because even as bitcoin is good bitcoin have its challenges of gas fees and mempool issues.

Onyeeze

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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

peter0425

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Quote from: Proty on April 23, 2024, 12:23:03 PM

U can't talk of crypto currency without mentioning bitcoin. In fact if someone should ask u abt crypto the first coin u should introduce that person to is bitcoin. Bitcoin is a potential coin that can't be compare to any other crypto currency. It is unlike shitcoin were u will invest and lose ur money.

Bitcoin for others is basically cryptocurrency and cryptocurrency is basically bitcoin.

Most people wouldn’t know what cryptocurrency means but probably have an idea or two about what bitcoin is. Bitcoin has been made a standard and now every other coin that follows it try to remake what bitcoin is and what it has done.

So far though no one was able to recreate the success of bitcoin.

Z_MBFM

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Quote from: kawetsriyanto on April 23, 2024, 04:59:10 PM

Quote from: Troytech on March 21, 2024, 11:07:53 AM

Definitely bitcoin is a far better cryto currency than all the rest others that are tied to one person or group of persons and if something were to happen to them or the company the currency fails, and other thigns like bad management or corrupt ceos can also result to lose of funds, here in bitcoin we don't have any one person or group of persons that are in control of what so ever that is happening in bitcoin and the community is not managed or tied to the founder which we don't even know his where about, bitcoin is a more valid and safe digital currency to buy than all the others.

Agree. Bitcoin is the most recommended coin, it is the best one. Bitcoin is purely decentralized, meanwhile other crypto coins are not 100% decentralized. That's why the value of other coins can be influenced by many factors, including the internal factors such as bad management, untrusted CEO, or other things. Bitcoin is not influenced by those things, that's why people more trust on Bitcoin. Also, Bitcoin isn't controlled by any person or any institution. It is purely about the demand on the market. This is one of the advantage of Bitcoin, they have no manipulation issues of internal factors.

Yes other cryptocurrency coins are not 100% decentralized but Bitcoin is fully decentralized which is a big advantage of Bitcoin. Because of this, Bitcoin has a huge amount of investors and Bitcoin alone is in the market with a trillion dollar market cap. Due to this, the risk in investing in Bitcoin is very low. so those who have limited budget for investment should choose only Bitcoin for investment and enjoy the potential profit

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Quote from: kawetsriyanto on April 23, 2024, 04:59:10 PM

Quote from: Troytech on March 21, 2024, 11:07:53 AM

Definitely bitcoin is a far better cryto currency than all the rest others that are tied to one person or group of persons and if something were to happen to them or the company the currency fails, and other thigns like bad management or corrupt ceos can also result to lose of funds, here in bitcoin we don't have any one person or group of persons that are in control of what so ever that is happening in bitcoin and the community is not managed or tied to the founder which we don't even know his where about, bitcoin is a more valid and safe digital currency to buy than all the others.

Agree. Bitcoin is the most recommended coin, it is the best one. Bitcoin is purely decentralized, meanwhile other crypto coins are not 100% decentralized. That's why the value of other coins can be influenced by many factors, including the internal factors such as bad management, untrusted CEO, or other things. Bitcoin is not influenced by those things, that's why people more trust on Bitcoin. Also, Bitcoin isn't controlled by any person or any institution. It is purely about the demand on the market. This is one of the advantage of Bitcoin, they have no manipulation issues of internal factors.

In short, bitcoin is the best coin on the cryptocurrency market and whether it is the best buy depends on each investor's needs. If someone likes safety and doesn't want too much risk then bitcoin is their choice but if someone is willing to take risks and wants higher profits. Bitcoin is not the ideal choice, and altcoins will be a more suitable choice for their criteria. Everything is proportional to each other, safety will have lower profits, and higher profits will have higher risks. The choice depends on each person.

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Quote from: Troytech on March 21, 2024, 11:07:53 AM

Definitely bitcoin is a far better cryto currency than all the rest others that are tied to one person or group of persons and if something were to happen to them or the company the currency fails, and other thigns like bad management or corrupt ceos can also result to lose of funds, here in bitcoin we don't have any one person or group of persons that are in control of what so ever that is happening in bitcoin and the community is not managed or tied to the founder which we don't even know his where about, bitcoin is a more valid and safe digital currency to buy than all the others.

Agree. Bitcoin is the most recommended coin, it is the best one. Bitcoin is purely decentralized, meanwhile other crypto coins are not 100% decentralized. That's why the value of other coins can be influenced by many factors, including the internal factors such as bad management, untrusted CEO, or other things. Bitcoin is not influenced by those things, that's why people more trust on Bitcoin. Also, Bitcoin isn't controlled by any person or any institution. It is purely about the demand on the market. This is one of the advantage of Bitcoin, they have no manipulation issues of internal factors.

GeorgeJohn

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What is basically good from my understanding concerning buying and the selling of cryptocurrency is when the market is low is when you be able to purchase when you are supposed to purchase any coin of your choice and hold for long time so that when the price in the market Skyrocket you make a sell and have a profit so the necessity of someone to scrutinize or monitor the market before the person purchase any token is to know the tendency that to be accelerated

Proty

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U can't talk of crypto currency without mentioning bitcoin. In fact if someone should ask u abt crypto the first coin u should introduce that person to is bitcoin. Bitcoin is a potential coin that can't be compare to any other crypto currency. It is unlike shitcoin were u will invest and lose ur money.

Troytech

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Quote from: serjent05 on November 18, 2022, 03:09:08 PM

You have your own point of view and I respect that. I agree on what you said about Bitcoin but seriously? Tether? BUSD and USDC is way more better than tether. These two stablecoins had their regular audit and have been certified to have 1:1 reserved while tether is somehow on the gray part area when the reserve fund is discussed.

The problem with altcoins is that majority only think what to buy, they should also include when to sell in order for us to take profit on what OP called scam cryptocurrency. I may say to not get serious about altcoin projects, just buy and sell when profit is seen. Being attached to them will lead us to losses just like what happened to Luna and FTX.

Take advantage of the altcoin volatility and its pump and dump but never think to hodl them unless you are very sure about its future. If there is something we must hodl, it is Bitcoin and nothing more.

You make it sound like anyone knows what to expect when dealing with crypto, even when luna crashed, a lot of folks went on buying at that lowest thinking there saw an opportunity not knowing it was a dead end for the project, how many persons could predict or even noticed that such was about to happen, everyone was busy with FOMO and to the moon.. when the lamp was about to bemreak on them, the truth is when investing or rather gambling with altcoins have in mind that anything could happen and this are institutions and ceos, many or anything can happen and you could lose all or some of your money, so it's better to play it safe with bitcoin than to go down that part at least now we know the risk involved in altcoins and know we should be careful around them.

Yeah it's better to play the game of volatility with altcoins than bitcoin, and I'm sad when people don't hold bitcoin and rather engage in short term investment or trading Bitcoin, bitcoin is an asset not just any liquid game that rises and falls, its the future and is more a good bank to save in, its better to play around with alts than to play around with bitcoin.

Troytech

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Quote from: riqo on November 18, 2022, 02:41:32 PM

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?

Definitely bitcoin is a far better cryto currency than all the rest others that are tied to one person or group of persons and if something were to happen to them or the company the currency fails, and other thigns like bad management or corrupt ceos can also result to lose of funds, here in bitcoin we don't have any one person or group of persons that are in control of what so ever that is happening in bitcoin and the community is not managed or tied to the founder which we don't even know his where about, bitcoin is a more valid and safe digital currency to buy than all the others.

Cookdata

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Quote from: ThePromise on March 20, 2024, 12:17:16 AM

We should also not compare the value movement of altcoins to bitcoin because no matter which angle we look at, they still follow the value movement of the mother coin which is bitcoin. As you mentioned, some altcoins can be exceeded the price of BTC, so it's up to you where you want to invest. If you want to make a lot of money here in crypto, there are many different ways to make a profit here, it can be via signature campaign, investment and trading so it's up to you which one you are better at.

Your narrative is not clear, money flow between Bitcoin and altcoins and the time that happen is when we are in bullrun. For instance now, Bitcoin has had a lot of inflow of money coming from investors but now that halving is some weeks to go, people has started selling and moving their money from Bitcoin to altcoins, they are buying altcoins in anticipation for altcoins bull run after the bitcoin halving and when altcoins are done of their run, the money goes back to stablecoins.

Bitcoin profit might not be big but it's safer than altcoins but that doesn't mean it's not risky investment. All coins are risky but one Bitcoin is more like best of them, altcoins will give you all you ever dream of but a single news is enough to turn your investment to zero, Ongoing allegations of FTX is a clearly example of what I am trying to explain.

AnonBitCoiner

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Quote from: ThePromise on March 20, 2024, 12:17:16 AM

We should also not compare the value movement of altcoins to bitcoin because no matter which angle we look at, they still follow the value movement of the mother coin which is bitcoin. As you mentioned, some altcoins can be exceeded the price of BTC, so it's up to you where you want to invest. If you want to make a lot of money here in crypto, there are many different ways to make a profit here, it can be via signature campaign, investment and trading so it's up to you which one you are better at.

Altcoins always follow the movement of bitcoin and increasing and decreasing according to it but this time bitcoin is reduced much more as compared to that of altcoins. Altcoins are also profitable but reduce the risk by searching well before investment and diversify if you can.

There are lots of other opportunities in crypto too beside investment like you can be a part of Signature campaign, as well as you can buy and sell tokens shortly in case of trading but I think investment does not require too much active mind but trading requires more energy, more knowledge and more strategies to apply and is more risky than investment.

ThePromise

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Quote from: yohananaomi on March 19, 2024, 04:09:06 PM

Quote from: cocadalcan on March 16, 2024, 04:37:43 AM

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.If you want to get more profit from bitcoin, you have to invest and hold for long term.

In fact, it is not worth comparing Bitcoin with altcoins, because our main goal in holding crypto is to make a profit. You are right, some potential altcoins can also provide maximum profits and can even be more than Bitcoin. It just depends on how much we have invested. If there are a lot of them, that can certainly happen. Indeed, the risk is also considered that Bitcoin, with a very small risk compared to the altcoins that we know, is still suddenly worthless.
Yes, I agree that if you want to get maximum results, then keep Bitcoin in the long term. It will definitely come true.

We should also not compare the value movement of altcoins to bitcoin because no matter which angle we look at, they still follow the value movement of the mother coin which is bitcoin. As you mentioned, some altcoins can be exceeded the price of BTC, so it's up to you where you want to invest. If you want to make a lot of money here in crypto, there are many different ways to make a profit here, it can be via signature campaign, investment and trading so it's up to you which one you are better at.

yohananaomi

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Quote from: cocadalcan on March 16, 2024, 04:37:43 AM

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.If you want to get more profit from bitcoin, you have to invest and hold for long term.

In fact, it is not worth comparing Bitcoin with altcoins, because our main goal in holding crypto is to make a profit. You are right, some potential altcoins can also provide maximum profits and can even be more than Bitcoin. It just depends on how much we have invested. If there are a lot of them, that can certainly happen. Indeed, the risk is also considered that Bitcoin, with a very small risk compared to the altcoins that we know, is still suddenly worthless.
Yes, I agree that if you want to get maximum results, then keep Bitcoin in the long term. It will definitely come true.

Bobrox

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In my opinion, why must bitcoin the only crypto should investing because the holder of bitcoin not dominance by personal difference with altcoin where developer and their teams hold more than 50% of altcoin supply. Bitcoin holder separated all and most of individual holding around few percent only can't change dominance such as altcoin with holder most of developer than investor.
Bitcoin future depending on the holder and worth it no body can't make bitcoin dump drastically such as altcoin with easily manipulated price by the owner or their teams.
There are not community, whales or government can't controlling with bitcoin price because most of them not holding more than 10% assets of bitcoin supply, its most realistic reason why we must prefer for investing in bitcoin than altcoin are easily controlling by their community and developer sell their assets then make price dumping significant.

Barikui1

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You are actually right on Bitcoin, their is no substitute to it when it comes to digital currencies, but you mentioning tether as one of the very best is wrong to me, because tether is just like our fiat, besides it's peg with the us dollar, so it can't increase in value overtime, and it can even be eaten up by inflation due to it stable nature.

It's a good thing that as a newbie, it's best you focus more on Bitcoin than to trade any of this alt or shit coin that would make you lose your hard earned money, so it's best you be on the safer side than gambles on most of this alt or meme coin.

Albarq

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As we know. holding BTC for a long time but for better policy
just use Bitcoin
especially for beginners but l don't fully understand that saving bitcoins may be a fear of long-term loss
but immune to the pressure
that occurs

Hamza2424

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Quote from: leonair on March 17, 2024, 05:53:20 AM

Countries that are legitimizing Bitcoin as a legal currency are economically down when the price of Bitcoin falls. But when bitcoins pump, those countries go ahead economically. Even if the price of Bitcoin drops, it recovers very quickly and that is why it can be easily trusted without any doubts. However, some countries are not yet legalizing Bitcoin because they are not yet financially and technologically ready to maintain it. But I think Bitcoin will be used as a legal currency in all countries in the future

Naahh.. That is not likely going to happen ever, the reason why a country will migrate its economy into the hands of the Bitcoin community is that governments control the economies with their policy to maintain the demand and supply and with Bitcoin they cant do anything, on the same time its just myth that Bitcoin will be every used as the primary currency of any country.

On the reliability fo Bitcoin there's no doubt but you should always be ready for any type of circumstance when investing in Bitcoin as you can remember the FTX and Luna crash, and that is not like today's market is falling and it's confirmed that after a day it will shoot up, sometimes the whales test your patience psychologically to accumulate more in cheap.

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