Why Bitcoin is the only crypto you should BUY
Topic: Why Bitcoin is the only crypto you should BUY - page 7. (Read 2703 times)
Why Bitcoin is the only crypto you should BUY
Projects that are born just because there is a bull season are usually not very suitable to be used as long-term investments because such new projects that try to create airdrops to attract more people to them are projects that can only be used for a while. Investors who already have sufficient experience in investing will usually prefer to choose cryptocurrency products that are mature enough and have also been in the crypto market for a long time.
Examples include Bitcoin and also several altcoins that are quite well known, although the main priority is Bitcoin if it is for long-term investment. So there is no need to get too close to new projects that at first only make sweet promises to seek interest from various groups, because they still may not be perfectly successful in that bull season.
Basically there is no power in new projects that are launched because the level of people's trust in the coin does not yet have confidence. New projects are only good short-term investments and that does not represent all new projects but rather one or two of the many that have potential. Experienced investors have two models, firstly they are happy to take big risks to generate profits by exploiting new coins and secondly they are more likely to take a much safer rate in bitcoin because there are not many risks to consider when investing in the long term.Examples include Bitcoin and also several altcoins that are quite well known, although the main priority is Bitcoin if it is for long-term investment. So there is no need to get too close to new projects that at first only make sweet promises to seek interest from various groups, because they still may not be perfectly successful in that bull season.
New projects do not promise the future, in some cases they tend to fail halfway and have to pull back. Investors must of course carry out thorough research and analysis before deciding to invest because the risk of failure of a new project is much higher than a project that has already gained public trust. Of course, these are some of the reasons why we need to consider many things before investing, the point is not only to look at the potential but also to consider the risks.
Bitcoin and some of the other top altcoins that have earned the community's trust are certainly better and have more promise for the future. Of course not all altcoins are the same, their potential is different but I tend to believe in old projects more than investing in new projects that are being developed.
The rest can be analyzed by yourself and all decisions are up to the individual in utilizing new projects or bitcoin. But if you don't want to be involved in big risks, Bitcoin is one of the best ways to invest. Taking a risk on a new project sometimes will not give any results so one should try to exploit bitcoin which has much more potential.
If you don't want to bother, bitcoin is the main choice, nothing else.
Bitcoin is also risky, but it has proven to be one of the most promising as a store of value and a currency that has real use cases.
Projects that are born just because there is a bull season are usually not very suitable to be used as long-term investments because such new projects that try to create airdrops to attract more people to them are projects that can only be used for a while. Investors who already have sufficient experience in investing will usually prefer to choose cryptocurrency products that are mature enough and have also been in the crypto market for a long time.
Examples include Bitcoin and also several altcoins that are quite well known, although the main priority is Bitcoin if it is for long-term investment. So there is no need to get too close to new projects that at first only make sweet promises to seek interest from various groups, because they still may not be perfectly successful in that bull season.
Basically there is no power in new projects that are launched because the level of people's trust in the coin does not yet have confidence. New projects are only good short-term investments and that does not represent all new projects but rather one or two of the many that have potential. Experienced investors have two models, firstly they are happy to take big risks to generate profits by exploiting new coins and secondly they are more likely to take a much safer rate in bitcoin because there are not many risks to consider when investing in the long term.Examples include Bitcoin and also several altcoins that are quite well known, although the main priority is Bitcoin if it is for long-term investment. So there is no need to get too close to new projects that at first only make sweet promises to seek interest from various groups, because they still may not be perfectly successful in that bull season.
The rest can be analyzed by yourself and all decisions are up to the individual in utilizing new projects or bitcoin. But if you don't want to be involved in big risks, Bitcoin is one of the best ways to invest. Taking a risk on a new project sometimes will not give any results so one should try to exploit bitcoin which has much more potential.
in crypto currency I don't only buy bitcoin. if the reason why many people buy bitcoin is because it is the most save. if you have bought it when the price drops, the price is not too destroyed. and because it is the mother of crypto currency, bitcoin will be difficult to scam so it is very safe to use for investment.
Why Bitcoin is the only crypto you should BUY
Bitcoin is the king of cryptocurrencies. Bitcoin fluctuates at its own pace. Bitcoin does not depend on other cryptocurrencies to move its price. There are many altcoins in cryptocurrency that we consider too risky to trust but we don't consider bitcoin too risky to trust because we have built trust with bitcoin. We can easily rely on Bitcoin and invest as less risky. And Bitcoin has a lot of future potential which is why Bitcoin investment is preferred by people. 
Yeah I don't know why the OP first talks about Bitcoin and then shoehorns Tether in. I agree that Bitcoin is essentially different from the others, but precisely Tether which is a stablecoin that raises many flags is not understood. In my case I only have Bitcoin and I do not see bad to have a small percentage of some alt, as I believe that in the future the Bitcoin will coexist with them, but the question is which ones will survive.
I'm of the same opinion as you, most of our investment in crypto should be in Bitcoin. Then if it interests you as an investor to add some Altcoins to your portfolio, as variety is the spice of life and definitely some altcoins such as ETH will coexist alongside Bitcoin. Then one should go for those altcoins with use cases, and it should be a smaller percentage of your funds, in case the project eventually failed, and ETH is a typical example of an altcoin that worth investing on. but whats important though, always use bitcoin as some kind of guide to whether to make investment or not, if its dumping its the right time to get in, if it pump well investing might be risky but if youre so sure about the coin then you can always invest in it.
after all, you can always wait until we reached all time high even if we invest now.
Yeah I don't know why the OP first talks about Bitcoin and then shoehorns Tether in. I agree that Bitcoin is essentially different from the others, but precisely Tether which is a stablecoin that raises many flags is not understood. In my case I only have Bitcoin and I do not see bad to have a small percentage of some alt, as I believe that in the future the Bitcoin will coexist with them, but the question is which ones will survive.
I'm of the same opinion as you, most of our investment in crypto should be in Bitcoin. Then if it interests you as an investor to add some Altcoins to your portfolio, as variety is the spice of life and definitely some altcoins such as ETH will coexist alongside Bitcoin. Then one should go for those altcoins with use cases, and it should be a smaller percentage of your funds, in case the project eventually failed, and ETH is a typical example of an altcoin that worth investing on. It's not easy to choose coins to invest in a new project, and don't be easily carried away by project concepts that have sweet promises that they will come to fruition. but there could be absolutely nothing significant. As the bull season approaches, there are lots of projects with a series of airdrop rewards, this is more interesting to me, the future potential will be seen when the bull season has arrived
Projects that are born just because there is a bull season are usually not very suitable to be used as long-term investments because such new projects that try to create airdrops to attract more people to them are projects that can only be used for a while. Investors who already have sufficient experience in investing will usually prefer to choose cryptocurrency products that are mature enough and have also been in the crypto market for a long time.The investment approach to a new project may be too risky, but one may also try one's luck. I personally would rather avoid than get involved, but someone who is able to weigh the risks and accept all the consequences is certainly welcome.
After all, there are several new projects that are promising and providing good returns to their investors. However, like most other altcoins, this project will be abandoned when there is no development and fails in its market competition. This is one of the concerns about why it is not good to make a new project a long-term investment, but in the short term investors or traders can certainly take advantage of price volatility to get returns.
Examples include Bitcoin and also several altcoins that are quite well known, although the main priority is Bitcoin if it is for long-term investment. So there is no need to get too close to new projects that at first only make sweet promises to seek interest from various groups, because they still may not be perfectly successful in that bull season.
In my opinion, not everyone chooses bitcoin as a long-term investment because some of us also consider altcoins. It's certainly fine to have both in an investment portfolio, but I seriously doubt that the new project will provide returns worth it with the risk in the long term. That's why I prefer avoidance rather than involvement, you and others may also need to consider that.
BTC is decentralized coin. Bitcoin is the most secure coin for investment rather than all of shits coin. Tether is a stable coin. Both are trustworthy. But the price of both increases in two ways. And in the case of altcoin, you can invest in it but for a short period of time. Because if you invest long-term money in alt coin, there is a possibility of losing it. Because alt coin has no stability, it is pumping, dumping and scamming, there is no specificity.
Ethereum still has good potential today for its class as an Altcoin. This is just about risk, where everyone has their own choice in choosing their risk. Altcoins certainly have higher volatility than Bitcoin, even for some coins with low liquidity, the price is very volatile.I think owning altcoins for the long term still makes sense as long as the amount of assets invested is not too large. This is suitable for people who want to still feel the euphoria of altseason and btcseason. There is a special pride for everyone who succeeds in hodling until the coins and tokens they own experience a great bullrun.
Cryptocurrency are digital tokens.They all simply have thier value in terms of investing and trading.
The same way you prefer to buy only bitcoin,so many other persons would enjoy to try other cryptocurrency to bitcoin.Bitcoin and other cryptocurrency have grown and existed to serve as a better alternative to different people in particular.
The same way you prefer to buy only bitcoin,so many other persons would enjoy to try other cryptocurrency to bitcoin.Bitcoin and other cryptocurrency have grown and existed to serve as a better alternative to different people in particular.
the reason OP is advising people to invest in Bitcoin is because of how safe it is you can not predict what will happen in other crypto markets and it is always very risky because not all alternative coins will survive the entire market, but we all know that no matter how the market turns out to be it will always survive any form of market disorder. an example is what happened with FTX was clear and no one expected it to turn out that way the way it did. and that is why people are always encouraged to invest in Bitcoin your funds are secured if you follow instructions. and anyone who wants to try out new currencies should go ahead and try them but at their own risk. if they succeed while trying then it is good for them. their phone call. anything they decide to invest in I believe is their money so they can do anything with it.
BTC is decentralized coin. Bitcoin is the most secure coin for investment rather than all of shits coin. Tether is a stable coin. Both are trustworthy. But the price of both increases in two ways. And in the case of altcoin, you can invest in it but for a short period of time. Because if you invest long-term money in alt coin, there is a possibility of losing it. Because alt coin has no stability, it is pumping, dumping and scamming, there is no specificity.
Why Bitcoin is the only crypto you should BUY
Since it first appeared, it seems that not many whales have been interested in Bitcoin, because perhaps this is influenced by their ignorance of whether Bitcoin itself is good or not. But after that, as time went by, Bitcoin continued to increase in interest, including whales who liked it because they already knew that Bitcoin was really good and trusted as the best digital asset. And now everyone can see how many people from various circles and professions like Bitcoin and make it a long-term investment.
I am also one of the many people who like Bitcoin and are starting to use it as a good investment, especially now that the price itself is experiencing a correction which makes it very good for everyone to buy it before Bitcoin becomes more expensive again. I am quite sure that Bitcoin's price increase could still occur in the next month, because currently there are many influences that can make Bitcoin's price soar again. One of them is the whales that you said earlier, namely that they will definitely make a lot of purchases in the current correction conditions.
Why Bitcoin is the only crypto you should BUY
Bitcoin will continue to be number 1, and people will continue to invest & use other coins/tokens/NFTs/who knows what is next. Bitcoin is the most trustworthy, and I agree that people should have more Bitcoin than some alts, but we can't deny the success of some alts, and many alts are here to stay. Anyone can check the charts, many coins have strong support and big communities, so we can say that many alts will continue to grow. And if there's a potential for growth people will invest for sure.
So I don't really agree that Bitcoin is the only crypto we should buy. We should buy & support other projects as well, and not just buy and hold them, it would be great to use them as well.
Bitcoin has less risk than other currencies, but the profit rate here is also lower than other currencies. So people mostly prefer to invest in other currencies instead of Bitcoin. Another reason is that you need a good amount of capital to invest in Bitcoin, because not everyone can afford to buy Bitcoin even at the current price. It can never be denied that Bitcoin is the best investment, but there are factors Where you find it difficult to buy bitcoins
So I think either you should have a good capital or invest in Bitcoin after getting a big profit from investing in other cryptocurrencies. Risk in other coins cannot be ignored, but can be minimized if investment is made after proper research. However, risk exists in every business, but our experience and best strategies help to reduce it, but its reward is also likely to be huge.
The percentage of profit and risk will of course be comparable and this is the case in almost all investments.So I think either you should have a good capital or invest in Bitcoin after getting a big profit from investing in other cryptocurrencies. Risk in other coins cannot be ignored, but can be minimized if investment is made after proper research. However, risk exists in every business, but our experience and best strategies help to reduce it, but its reward is also likely to be huge.
Regarding capital, I think we can start investing in Bitcoin with any capital and the advantage or interesting thing is that the very fast movement of Bitcoin makes it possible for anything to happen in the investment we make whether it will be profitable or otherwise and also the possibility of the price increasing in the future is quite large and significant so that it attracts many people interested in investing.
Anyone will go for the coin that works for him because he doesn't mean you invest in bitcoin and get huge profit, if another person try and invest in bitcoin, he can't get the benefits you gain from it, so anyone go for the best coin that can benefit from it, but I believe bitcoin is the best investment because he minimizes your risk from other coins and you will be profitable, that is why most people invest in bitcoin, as for me, if you invest in another crypto and you didn't invest in bitcoin too I don't think you are good investors because anyone that engage in crypto journey in need to understand that bitcoin is the best to invest and change your lifestyle.
Bitcoin has less risk than other currencies, but the profit rate here is also lower than other currencies. So people mostly prefer to invest in other currencies instead of Bitcoin. Another reason is that you need a good amount of capital to invest in Bitcoin, because not everyone can afford to buy Bitcoin even at the current price. It can never be denied that Bitcoin is the best investment, but there are factors Where you find it difficult to buy bitcoins
So I think either you should have a good capital or invest in Bitcoin after getting a big profit from investing in other cryptocurrencies. Risk in other coins cannot be ignored, but can be minimized if investment is made after proper research. However, risk exists in every business, but our experience and best strategies help to reduce it, but its reward is also likely to be huge.
Cryptocurrency are digital tokens.They all simply have thier value in terms of investing and trading.
The same way you prefer to buy only bitcoin,so many other persons would enjoy to try other cryptocurrency to bitcoin.Bitcoin and other cryptocurrency have grown and existed to serve as a better alternative to different people in particular.
The same way you prefer to buy only bitcoin,so many other persons would enjoy to try other cryptocurrency to bitcoin.Bitcoin and other cryptocurrency have grown and existed to serve as a better alternative to different people in particular.
Anyone will go for the coin that works for him because he doesn't mean you invest in bitcoin and get huge profit, if another person try and invest in bitcoin, he can't get the benefits you gain from it, so anyone go for the best coin that can benefit from it, but I believe bitcoin is the best investment because he minimizes your risk from other coins and you will be profitable, that is why most people invest in bitcoin, as for me, if you invest in another crypto and you didn't invest in bitcoin too I don't think you are good investors because anyone that engage in crypto journey in need to understand that bitcoin is the best to invest and change your lifestyle.
Why Bitcoin is the only crypto you should BUY
It's not easy to choose coins to invest in a new project, and don't be easily carried away by project concepts that have sweet promises that they will come to fruition. but there could be absolutely nothing significant. As the bull season approaches, there are lots of projects with a series of airdrop rewards, this is more interesting to me, the future potential will be seen when the bull season has arrived
Projects that are born just because there is a bull season are usually not very suitable to be used as long-term investments because such new projects that try to create airdrops to attract more people to them are projects that can only be used for a while. Investors who already have sufficient experience in investing will usually prefer to choose cryptocurrency products that are mature enough and have also been in the crypto market for a long time.
Examples include Bitcoin and also several altcoins that are quite well known, although the main priority is Bitcoin if it is for long-term investment. So there is no need to get too close to new projects that at first only make sweet promises to seek interest from various groups, because they still may not be perfectly successful in that bull season.
Cryptocurrency are digital tokens.They all simply have thier value in terms of investing and trading.
The same way you prefer to buy only bitcoin,so many other persons would enjoy to try other cryptocurrency to bitcoin.Bitcoin and other cryptocurrency have grown and existed to serve as a better alternative to different people in particular.
The same way you prefer to buy only bitcoin,so many other persons would enjoy to try other cryptocurrency to bitcoin.Bitcoin and other cryptocurrency have grown and existed to serve as a better alternative to different people in particular.
Yeah I don't know why the OP first talks about Bitcoin and then shoehorns Tether in. I agree that Bitcoin is essentially different from the others, but precisely Tether which is a stablecoin that raises many flags is not understood. In my case I only have Bitcoin and I do not see bad to have a small percentage of some alt, as I believe that in the future the Bitcoin will coexist with them, but the question is which ones will survive.
I'm of the same opinion as you, most of our investment in crypto should be in Bitcoin. Then if it interests you as an investor to add some Altcoins to your portfolio, as variety is the spice of life and definitely some altcoins such as ETH will coexist alongside Bitcoin. Then one should go for those altcoins with use cases, and it should be a smaller percentage of your funds, in case the project eventually failed, and ETH is a typical example of an altcoin that worth investing on. Jump to: