Topic: Why Bitcoin is the only crypto you should BUY - page 3. (Read 2694 times)

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

I don't think that its total freedom in Bitcoin. The market is well controlled and settled by the big investors that play in the market according to their needs. Crypto is well controlled in every sector there are giants sitting out there who have huge amounts of investments and they play with the trends in the market.

When they invest large amounts of assets into the market the market pumps and whenever they take their investments out the market drops. Small investors like us always need to predict whether they'll hold the investment or they'll take out the investment after that much period of time etc. The other two points you mentioned are true to some extent but I don't think so that's freedom in it to that sense

I am telling from my personal opinion why I depend on Bitcoin and want to invest in Bitcoin.  If you see Bitcoin.  If it will bring you profit all your life then you are fooling because all marketing is bad or good.  Because it is normal that the price of Bitcoin can go down in bad times because the stock market depends on the market share market If the stock market goes to your country then it is normal that the price of your Bitcoin will go down.  In that case by the holder who keeps them firmly in one place then the chances are much higher.  Of course, if everyone sells their bitcoins or they don't lose their F bitcoins, the market will either have a bit of a ten or a bit of a problem.  But I have never been disappointed by investing in the selection because it can be trusted without a doubt.

Bitcoin is decentralized and it won't be fair and proper at all for bitcoin to lose its genuineness and confidential feature just like that.In essence,bitcoin,amongst all other cryptocurrencies has proven to be different and free from all fraudulent activities.And i still find it diffucult to understand why people will still and always want to determine the value of other cryptocurrencies knowing full well that they're not bitcoin.It is people that  unfortunately get themselves involved in bitcoin that are scams.They'll prefer the investment that comes to easily without making enquiries about what they're trying to get themselves into.They could be good cryptocurrencies too,but they seem to have failed in the process.Investment is a choice,and the investment platform is another choice and bitcoin says it all,so let's all be guided.

Yes Bitcoin is called the king of crypto currency coins because its value and popularity is much higher than all other coins. Bitcoin is the first choice coin of many investors due to its high popularity and high value. The popularity of this coin is spreading all over the world to such an extent that not only individual but also national investment in Bitcoin is going on.

It may be a personal choice as many people invest in many coins at once but everyone has a different investment plan. There are many who feel most comfortable investing in Bitcoin alone while there are many who prefer to invest in Bitcoin along with many other cryptocurrencies Coins.

Portfolio is mainly for elite groups and important for top whales in the system. The market is not guaranteed, you can become a pro trader and still liquidate account because no one have a clue about the next phase of the crypto market. Perhaps I'm keen on been on the safer side, just invest for long and short-term because these projects will not just pump but takes gradual process. Bitcoin have been in existence in the past decades, unlike other altcoins that are newly introduced into the system, it's been really a tough time to be patient with bitcoin till this very phase.

I don't agree with that at all and time has proven why that is wrong. Bitcoin is the coin that should occupy the biggest place in the portfolio, that's for sure. But for portfolio diversification, you need to have solid altcoins. Otherwise, you miss out on the big rises in the bull season. Many people who have seen the recent rise of altcoins and look behind them are sad to see what an opportunity they missed. I'm not saying to buy crappy altcoins, but definitely keep the solid ones in your portfolio, don't regret it later.

I agree that Bitcoin is purely decentralized, no one controls Bitcoin. Bitcoin also becomes the number 1 crypto coin for a long time and no other coin is likely to compete Bitcoin. It means Bitcoin is the only special coin that become the mother of all coins in the world. Bitcoin also becomes the most pairing coins in the market. With these facts, I can understand if some people want to focus on Bitcoin investment only.

However, I think we don't need to rule out altcoins, they also can give us good profits. Although many altcoins can't be trusted because of weak fundamentals and easy to change their trends, but there are already many people who succeed with altcoins. Sometimes, we need to have addition investment to optimize the profits. If we have an intention to gain more profits, I think it is not a bad idea to invest in safe altcoins, too.

Although Bitcoin is the King alone in the Cryptocurrency World and there is the thing/fact that Bitcoin is not so much popular as it should be like many of people still not aware of it, have no knowledge of it and you can see without too much popularity where it stands today. On the other hand, Just imagine the day when everyone wants to invest in Bitcoin, want to learn about it, and start its adoption in many aspects of life bitcoin value will increase even more.

Many Government opposes its adoption they consider it as a threat which in my point of view their foolishness and I came to know about one news that El Salvador's President has announced that the government will keep buying Bitcoin till the day it is unfordable to buy. Through this, you can imagine its coming potential, There will be a time when everybody will desire to own a Bitcoin but they would not afford it so those who are its early holders/adopters will have a good advantage of it on that day. It sounds like there was a time when a black man was saying to buy Bitcoin when it was trading at only $1 and after 10 years you can imagine his total net worth. So be an early bird for Bitcoin. DYOR!

Although it is not appropriate to compare Bitcoin with all altcoins, this has also started to happen since many altcoins started to appear on the market and became known to many people in the crypto industry at this time. I also think what you say is not wrong because investing and holding Bitcoin for the long term is a basic step to find better profits through Bitcoin, but altcoins will still lose out when compared to Bitcoin because they will not be able to surpass the Bitcoin system until any time.

Bitcoin don't break your trust and in both lower and higher price it is beneficial as lower price gives us a chance to buy and accumulate more while upper price is suitable for selling so I think there is no better asset than bitcoin. Bitcoin is consider as a king and it has proved that yes bitcoin is king because every other coin move according to it and it changes the cost of all altcoins with its adopted pattern.

While other coins will feel you terrible situations because they are not easily trusted and also they disappear after pump for a while. I think there are also lots of others coins but we cannot make good profit from them as we don't know about their nature while bitcoin success can be identified by keeping history with us.

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.

I think that Bitcoin has been around for a long enough time to be considered extremely trustworthy. One cannot make the same claim about other cryptocurrencies. Secondly, Bitcoin is open source. Which means anyone can take a look at the inner workings and draw their own conclusions about the reliability of the technology. And thirdly, there is no person or organization which could claim or manipulate Bitcoin for their own profits. It is total freedom.

Well it always depend on your choice since if you can explore and take the risk of buying some alts and trade it then its fine but remember that chances of losing is huge since altcoins is unpredictable so provably we can see a lot of pump then also dump schemes there. But if they want to have less risk and less to worry about then they should only go with bitcoin especially if they can't do trades since they are busy person then bitcoin investment like hodl it for many years will be good for that type of investors. If we look at the price history of bitcoin we can safely say that all people who hodl bitcoin are lucky to earn a lot of money for just believing the strength and potential of bitcoin.

You are on the right point op. Bitcoin is not managed by any company. It is decentralized and created to use Bitcoin as a money alternative and it is very popular now and it is unlikely that Bitcoin will fail in the future. so while other cryptocurrency coins cannot be trusted, Bitcoin can be blindly trusted and thought of as a strong asset and invested in. Those who invested in Bitcoin even 2 years ago now have 4-5x increase in their money.  Do you think any other medium or way can give someone such profit?

Quite good and relevant, indeed, In crypto investment, preferences, goals and investment strategies are definitely different, whether a small, large or medium investor really has the right and freedom to choose what assets to buy and invest. What we have to ask ourselves by looking at market behavior is why those who have large funds always target buying BTC and not others.

Yes. they call it an investment strategy and this is their goal. Even if the market goes down, many people don't want to bother because price reversals always occur in the market and that is also normal, but for Altcoins I still have doubts there is a lot of drama and you can see their performance when the market is dominant is going up and how many people are losing assets.

Apart from that, Bitcoin is a digital asset that can be used as a long-term store of value, similar to gold and it is projected that its value will always go up and up and in fact, currently many large financial institutions are starting to step in and buy BTC as part of an investment strategy.

You can invest in other coins/assets in crypto but since we all know that bitcoin is the mother coin of crypto, they will definitely invest in bitcoin especially if their prospect is a long term investment or the money they will use for their investment is limited. Bitcoin has shown stability especially now that its value has increased even more and if there will be a correction in the market movement, some holders or investors will be satisfied that this digital coin will not fall to zero value.

Although Bitcoin is considered the most popular and dominant digital gold. And it is also a safe investment because the risk is small and good for the long term which will produce lots of profits, and that is one of the reasons why many people or investors should own Bitcoin. Because Bitcoin is better, other than choosing something else.
Because actually this is not the only cryptocurrency worth investing in. You can look for many other crypto assets that may be more profitable such as Ethereum (ETH), Binance Coin (BNB), Cardano (ADA) and many more. And it depends on your expectations from investing in this industry.

That is a good perspective for sure and I dont think that it's a bad one, I mean in the first place Bitcoin is the safer investment that you could make in the cryptocurrency space that's for sure, cryptocurrency is a very risky investment and not investing on Bitcoin compared to other alternative token for sure is not going to end well for you. Personally, my investment for sure consists of the huge amount of Bitcoin because that is where I could increase my chances of profit, also just like I said it is the safer investment that you could make, Still it would depend on the trader itself since we do have a different strategy in the cryptocurrency space and investing only on Bitcoin wasn't going to be a bad idea, but not everyone is going to do that for sure, I do invest on other alternative tokens in the market but I make sure that it is a really low percentage of my portfolio because this alternative token has a high risk compared to Bitcoin investments.

I wouldn't totally going to agree with it, because if you are going to look at the possible profit that you are making in the altcoin market, for sure you can already see that over 1000 percent of profits can be made on this market, and that is something that you could take advantage off, I mean as long as you can control and limit your investment there I think you could make a worth it an investment with minimum risk, high return with a very low risk so it's going to be worth it investing on it.

Most of these altcoin tokens doesnt really have some kind of use on them, so I wouldn't personally do it, especially in the long term because for sure it's going to drop its market price and its volatility is very high compared to something like Bitcoin. I would just treat it like gambling, as a trader you could have some spare money that you would like to test out and see, gamble it on something like a MEME token, and as long as its a money that you could afford to lose, that's not going to be a big deal you could easily recover from it in case you lose the trade, or possibly you could hold it long term as well since your not really going to lose unless you sell that token, so why not see how it going to turn out.

     Based on OP's question, I don't believe that we should only buy bitcoin to make a profit; we all here have the freedom to buy crypto that we think can give us profit, even if, in the eyes of others, it is a scam or not.

     Because of the reality that is actually happening, whether it is bitcoin or another cryptocurrency, we can actually make a profit. And in fact, the chances of us getting big earnings are even greater if you can find potential altcoins in the market, in my opinion.