Why Bitcoin is the only crypto you should BUY - page 8.

nurilham

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Quote from: AnonBitCoiner on January 20, 2024, 12:54:56 PM

We should not invest in every coin because not all the coin will necessarily give you profit therefore greed should be avoided at certain stage as greed can compelled you to use any coin for investment.

Is possible to invest in every coin? I think it is impossible. Grin

Sure, not every coin will give profits. Many of them even give the losses because they have no future. That's why we don't be greedy to invest in too many coins. Investing in too many coins won't increase the chance for gaining profits, it even raises the chance for higher losses. Especially if we invest in random coins, new coins, meme coins, or shit coins.

Quote from: AnonBitCoiner on January 20, 2024, 12:54:56 PM

Newbies are more interested in investment in new coins because they are not familiar with the fact about scam projects.

Newbies think investing in any coin will have the same risk. They are mostly interested to invest in the hype coins, they read may media posted it. Because the hype of new coins is quite massively, it attracts the newbies to join the investment. They don't know if the hype coins will be too risky for them. They don't know that many new coins end up with scams.

Quote from: AnonBitCoiner on January 20, 2024, 12:54:56 PM

If a person should start investment then there is no better option than bitcoin and Ethereum but if someone wants to initiate with lower value coin then doge, Solana, XRP and ADA are good choices so they should not forget about investment in these coins.

Bitcoin and Ethereum are the most recommended coins for investment. I exclude Doge for the beginner, it is very high risk to invest in meme coins. Although it is a part of the top coins, Doge will always have no fundamental as other meme coins.

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If I look at Bitcoin, it is not currency but a type of rare item that is considered valuable in the real world, such as ancient inscriptions or anything that many people consider valuable.

So this is the reason I invest in Bitcoin compared to Altcoins, there are many examples of Altcoins that don't last long like the example you said, many even end up being fraudulent schemes. So in my opinion to gain financial freedom in the future, one must become a bitcoin investor because it will generate huge profits if we hold it for a long time so this will be the key to living a financially stable life in the future.

DVlog

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First tell me why someone needs to buy bitcoin? Having financial freedom sounds novel but most bitcoin investors don't care about it. The majority of the people bought bitcoin because they heard it makes multiplex profit in every 4-year cycle so they saw certain profit chances and eager to take it. If there isn't anything wrong about it, then buying some meme coin if someone saw an instant profit isn't wrong too. After all its all about making money and if some shitcoin makes money for you, I think you don't mind taking it. Lets keep the risk aside as it's not the same for all.

Ryu_Ar1

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Quote from: Miles2006 on January 20, 2024, 08:34:35 AM

Aside from the fact some coins serve as a scam scheme is not necessary to get involve in any new coins coming to the market, the funny part is people hold those coins for long term thinking the coin has potential, in my opinion it doesn't sound nice and especially for newbies, why not focus on bitcoin only and build the investment gradually with the knowledge you've gotten.
Have heard alot of people calling ethereum and other coins but I have never tried such so I can't tell but why not go for bitcoin that has gain trust for years, some investors after making research they'll still come back to bitcoin cause no coin can outshine bitcoin.

The mistake that still happens today is that they try to create some of the same situations by equating shitcoin with bitcoin where they hope that by storing for a certain period of time it will be profitable for them but in the end not all can be like that because indeed maybe from altcoin there are some things that can be used as an option but nothing can match bitcoin so when you try to find an alternative to bitcoin with the same confidence where the risk is minimised just a little then it will definitely be difficult because in the end altcoin definitely has a greater risk compared to bitcoin.
So from this it is important for us to digest in advance what we will do so that you can minimise the risks that are caused later.

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

<✂✂✂>
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?

Bitcoin has always been ahead in terms of reliability. Shit coins have sunk with many people's everything, so many people can't trust it at all. However, bitcoin is very reliable and stable from this point of view. Investing in BTC has no chance of disappearing. Besides it's make the best decentralized eco-system and enforcement the privacy.
So why the Bitcoin should not be the only crypto you should buy? It is better to invest in BTC by understanding the market conditions. Altcoins can also be invested but it is one's personal preference. But if anyone looks low risk and secure investment with good profit then the choice will be always Bitcoin.

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Quote from: irsykes on January 21, 2024, 07:51:24 AM

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.

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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?

If all the currencies (I assume you meant fiat currencies) are scams then tether could be a scam too. because tether is backed by Real lif USD. if USD's price disappear then Tether's price will disappear too.
I also think Bitcoin should be the primary crypto we should buy. but I don't think we should call other currencies scams.
and if by the currencies you mean other cryptocurrencies then I would say the same that not all altcoins are scams. there are many good and valuable cryptocurrencies out there which can give good benefits and have actual usecases other than just financial benefits.
and there are so many stablecoins too Tether is not the only one.

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Quote from: icalical on January 20, 2024, 05:00:43 PM

If we looking for a coin that is reliable, stable (compared to other cryptocurrency) and proven for safe speculation and investment then I do agree that Bitcoin is the only worthy coin to buy, it has been here for more than 14 Years, and the price keep increasing.

Bitcoin can be said to be a guaranteed investment and also secure your money because when you invest there's no fear of losing your money to scammers or exit scam artists as to when you invest in altcoins. You're going to be exposed to more volatility when you invest in altcoins and while with Bitcoin you can be guaranteed that the coins you bought will rise back with the market as it recovers but that can't be said about altcoin as many of them don't recover from the decrease in price that they had during the bear market.

Quote

But out-there there are so many cryptocurrencies that actually has useful utility and dApp, and not everyone buy crypto just to speculate and invest some actually buy it for the utility. The problem would be the number of those useful altcoins is extremely small compared to the shitty ones, so to invest in altcoins we will need to find needle in haystack.

The number of investors buying cryptocurrency for utilities are very small because we don't have any real world utility yet for altcoins. Bitcoin can be used to purchase items online which serves as a currency but many altcoins aren't been accepted. The other utilities aren't of a global usage yet so why would will be buying just for a utility that's a trend and will fade out immensely another trends comes out.

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Quote from: AnonBitCoiner on January 20, 2024, 12:54:56 PM

We should not invest in every coin because not all the coin will necessarily give you profit therefore greed should be avoided at certain stage as greed can compelled you to use any coin for investment. Newbies are more interested in investment in new coins because they are not familiar with the fact about scam projects. If a person should start investment then there is no better option than bitcoin and Ethereum but if someone wants to initiate with lower value coin then doge, Solana, XRP and ADA are good choices so they should not forget about investment in these coins.

That's right, we shouldn't invest in every coin to make a profit and if we are greedy in investing, of course we will be wrong in deciding the type of coin we will invest in. For those who are just starting to invest, it would be better for them to do research first about coins. that they will invest, don't let them choose the wrong coin to invest so that they lose the money they invested because they chose a coin that will not have a good price in the future.

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

carbone9090

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Quote from: leonair on January 21, 2024, 06:10:30 AM

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?

LUNA and FTT have made a great history because no other project has caused losses to investors of this magnitude. Their position was very good but still this happened to them. Because of this no altcoin can be completely trusted as they can crash at any time. Bro the only trustworthy coin there is Bitcoin it is never expected to be scammed. Because if bitcoin is a scam, the entire crypto industry will collapse, no one will trust any coin in the crypto industry. Because of this, there can be no such thing as a trusted coin like Bitcoin

Absolutely agree with you. Bitcoin very powerfull now..

leonair

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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?

LUNA and FTT have made a great history because no other project has caused losses to investors of this magnitude. Their position was very good but still this happened to them. Because of this no altcoin can be completely trusted as they can crash at any time. Bro the only trustworthy coin there is Bitcoin it is never expected to be scammed. Because if bitcoin is a scam, the entire crypto industry will collapse, no one will trust any coin in the crypto industry. Because of this, there can be no such thing as a trusted coin like Bitcoin

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Satoshi has set a maximum limit with a supply of 21 million Bitcoins, its limited supply makes Bitcoin the only crypto asset that I should accumulate as much as possible in my portfolio. Bitcoin supply cap is critical to its value proposition as a mainstream currency and investment asset. Every four years (due to the halving) the production resulting from Bitcoin becomes more complex and ultimately makes it a very profitable investment. The main concept of Bitcoin which is very different from other coins makes it safer for me to collect Bitcoin compared to other coins.

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I actually kinda agree with your statement but you could consider to buy another coin as well but without the company behind it, I think there is an altcoin out there that is built up by the communtiy iike bitcoin ex. litecoin or dogecoin

some of the old coin I don't think there is a company behind it, but today altcoin seems built for a company lets say the new coin like RLB built for gambling site rollbit and add value of the company and almost all exchange today has own his coin

batang_bitcoin

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If someone is done accumulating Bitcoin but it shouldn't happen, then that's the time that he can try and explore other investments without compromising his Bitcoin holdings.

Quote from: icalical on January 20, 2024, 05:00:43 PM

But out-there there are so many cryptocurrencies that actually has useful utility and dApp, and not everyone buy crypto just to speculate and invest some actually buy it for the utility.

Yeah, that's true. Many are open to these matters and exploring with the dApps and even with the staking features that they usually like because it's an opportunity for them that they can't ignore. But it is not wrong to invest only in Bitcoin, in fact, it's the most recommended thing to do on this market to avoid being problematic with volatility.

icalical

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If we looking for a coin that is reliable, stable (compared to other cryptocurrency) and proven for safe speculation and investment then I do agree that Bitcoin is the only worthy coin to buy, it has been here for more than 14 Years, and the price keep increasing. But out-there there are so many cryptocurrencies that actually has useful utility and dApp, and not everyone buy crypto just to speculate and invest some actually buy it for the utility. The problem would be the number of those useful altcoins is extremely small compared to the shitty ones, so to invest in altcoins we will need to find needle in haystack.

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Quote from: Y3shot on January 20, 2024, 01:31:17 PM

This is the mistake many newbies make instead of investing in bitcoin, they prefer to invest in altcoins and hodling it for longtime. Many altcoins has just short life spam in the market. The reason why people go thus way is because of ignorance, they feel getting an altcoin at cheaper price and hodling it for a longtime will bring good profits . Bitcoin is the best to invest, even if the orice if bitcoin surpasses that of altcoins it is still better to invest bitcoin.

Apart from beginners who don't know whether it's better to invest in Bitcoin, most beginners who prefer altcoins over Bitcoin for investment are because they don't have the ability to invest more capital to get Bitcoin. Even though they can still get Bitcoin with minimal capital, they often think about how expensive Bitcoin is rather than thinking about how much better it is to choose Bitcoin over altcoins if it is for long-term investment purposes. But it also doesn't need to be denied because over time they will also realize it themselves when they see the fact that Bitcoin is the best cryptocurrency for investment.

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Quote from: Miles2006 on January 20, 2024, 08:34:35 AM

Aside from the fact some coins serve as a scam scheme is not necessary to get involve in any new coins coming to the market, the funny part is people hold those coins for long term thinking the coin has potential, in my opinion it doesn't sound nice and especially for newbies, why not focus on bitcoin only and build the investment gradually with the knowledge you've gotten.
Have heard alot of people calling ethereum and other coins but I have never tried such so I can't tell but why not go for bitcoin that has gain trust for years, some investors after making research they'll still come back to bitcoin cause no coin can outshine bitcoin.

This is the mistake many newbies make instead of investing in bitcoin, they prefer to invest in altcoins and hodling it for longtime. Many altcoins has just short life spam in the market. The reason why people go thus way is because of ignorance, they feel getting an altcoin at cheaper price and hodling it for a longtime will bring good profits . Bitcoin is the best to invest, even if the orice if bitcoin surpasses that of altcoins it is still better to invest bitcoin.

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Op you behave said it all. Altcoins are created to support their companies and when people are not using or supporting them the project collapsed or when the investors see that they have making enough money from them then the project would collapsed. And that is how the trend was going on. But Bitcoin was not created to support any company but it stand alone. Bitcoin was created to support the individual for financial freedom from the authorities in the world.

The decentralized nature of Bitcoin make everything very clear that Bitcoin is not for any institution or to promote any company so that the company name will be known everywhere in the world but no. Why everyone goes to or invest in Bitcoin because Bitcoin is a store of value and create wealth for all.

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Quote from: Miles2006 on January 20, 2024, 08:34:35 AM

Aside from the fact some coins serve as a scam scheme is not necessary to get involve in any new coins coming to the market, the funny part is people hold those coins for long term thinking the coin has potential, in my opinion it doesn't sound nice and especially for newbies, why not focus on bitcoin only and build the investment gradually with the knowledge you've gotten.
Have heard alot of people calling ethereum and other coins but I have never tried such so I can't tell but why not go for bitcoin that has gain trust for years, some investors after making research they'll still come back to bitcoin cause no coin can outshine bitcoin.

We should not invest in every coin because not all the coin will necessarily give you profit therefore greed should be avoided at certain stage as greed can compelled you to use any coin for investment. Newbies are more interested in investment in new coins because they are not familiar with the fact about scam projects. If a person should start investment then there is no better option than bitcoin and Ethereum but if someone wants to initiate with lower value coin then doge, Solana, XRP and ADA are good choices so they should not forget about investment in these coins.

Miles2006

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Aside from the fact some coins serve as a scam scheme is not necessary to get involve in any new coins coming to the market, the funny part is people hold those coins for long term thinking the coin has potential, in my opinion it doesn't sound nice and especially for newbies, why not focus on bitcoin only and build the investment gradually with the knowledge you've gotten.
Have heard alot of people calling ethereum and other coins but I have never tried such so I can't tell but why not go for bitcoin that has gain trust for years, some investors after making research they'll still come back to bitcoin cause no coin can outshine bitcoin.

Topic: Why Bitcoin is the only crypto you should BUY - page 8. (Read 2703 times)