Topic: Why bitcoin is the only cryptocurrency to be used as an investment asset (Read 444 times)

We do not blame those who are investing in altcoins because that is their choice and we can not force them to just invest in Bitcoin. They can still do that if they think they have more opportunities to make a big profit by investing in altcoins. We just advise them to be careful and not invest because of other people's suggestions. We need to find the altcoin by ourselves so there will be no regret when we can not make a profit.

Some people have already invested in meme coins but do not tell too many people. We do not know their reason and as I said before, that is their choice to select any coins they want to be their investment. Besides that, that is their money and they must be responsible with their money by selecting the right coins for their investment. They can not blame other people if they can not make a profit, especially if they follow other people's suggestions. That is why they need to analyze themselves to find the coin.

Many people have the same experience as you because they invested in the right altcoins. We can not deny that the altcoin can boost our profit become bigger but after we profit from the altcoins, we should go back to Bitcoin because that will be the Bitcoin next turn that will give us a big profit.

Everyone loves and prefer Bitcoin but do not blame those that are also investing in altcoins, they are known to be more risky but they are also known to be more profitable than Bitcoin, people are talking shit about altcoins and I have heard so many in the past that later, all those alts they called shit turned to perfume the best.

Some talked shit about meme coins and Shiba inu brings more than a thousand percentage for investors, I could remember Axie infinity, people are saying its a crap project, it's going to die, yet this project did x1000 too, till today this project is still developing, it just turned out that people loves Axie infinity more.

There are different set of altcoins that have turned my $100 into thousands of dollars, I was holding Bitcoin at the time, but the profit I made from Bitcoin is way so less than what altcoins have given me, it's your choice if you believe that taking risks on altcoins are not worth it, yet you will be seeing many people placing bet on soccer games and they never turn their lives around.

They spent every penny on sports bets and online gambling, and yet altcoins are bad, which is more riskier? I know what altcoins have done in my life, and I will always add some to my crypto portfolio, no hate.  

Indeed, basically bitcoin was created by Satoshi Nakamoto with the aim of being used as a means of payment. But as time goes by, bitcoin begins to show excellent potential. Such as the number of enthusiasts continuing to increase, as well as the price aspect continuing to increase. Therefore, many Bitcoin users are investing in it. Because bitcoin does have excellent potential to generate profits. In addition, currently making payments using bitcoin in most countries is still strictly prohibited, and as far as I know, only the country of El Salvador currently legalizes bitcoin as a means of payment.

So because there are many prohibitions on making payments using bitcoin in almost all countries. Creating investment and trading channels can now be an alternative way to use Bitcoin to make money and possibly become a store of value. Because investing in bitcoin is more permitted by the governments of each country than making payments with bitcoin. So in my personal opinion, maybe because of that, Bitcoin is more widely used as an investment asset than as a means of payment.

Generalizing altcoins with bitcoin may be a valid opinion for some people. Because as we know, altcoins are currently created because of the presence of Bitcoin. Or more precisely because it was inspired by Bitcoin. So most likely everyone thinks that cryptocurrencies that exist today could in the future have the same potential as bitcoin. However, while this is far from a possibility, many crypto investors are looking to gain more from investing or trading altcoins. Because it cannot be denied, sometimes there are altcoins that experience crazy price increases and make altcoin investors reap big profits. So I think investing in altcoins is okay, as long as you are ready to face all the risks. The reason is, the risk of crypto investment is much greater than bitcoin investment.
And in general bitcoin and altcoins do have differences, but in essence they are on the same path, namely as crypto currencies

Bitcoin is not the only crypto currency that can be used as an investment asset. There are other coins on the market, but because Bitcoin is the top leading crypto in the market, that is why it is more popular in the world.
What is the essence of other coins if they are not meant for investment purposes? If the price of Ethereum reaches the same amount as Bitcoin, it will be more popular than it is now. Other coins can be used as investment assets and they can also be used as a payment method in some businesses.
Moreover, there were other coins on the market before the existence of Bitcoin, but many of these altcoins are not to be found. These are the names of the oldest crypto currencies that existed before the launch of Bitcoin eCash, B-money, Bit Gold, and Hashcash

Bitcoin Is not really the crypto currency used for investing. There are others such as Ethereum,XRP e.t.c just that Bitcoin Is the most reliable and profitable amongst other crypto currencies. Take for instance you invest your Ethereum and Bitcoin on different trading platforms, Bitcoin will yield greater profit and massive profit is the utmost reason why traders invest.
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In addition to what you mentioned some other reasons why Bitcoin has a lot of acknowledgment and people see it as a great investment asset is it
1 Consensus
2 Censorship resistance
3 Durable


Diversification of investment in crypto has to do with allocating some portion of the investment capital to 2 or more cryptocurrencies. The idea of doing this is to reduce overall investment risk by spreading it across different crypto assets or bonds.

Need to look at what altcoins are holding, top altcoins like Ethereum would not be rug altcoins so that risk would not occur. But for a new altcoin project, of course it will be more at risk of a rug happening. Bitcoin is indeed the first coin that you have to hold, because it's important. With almost the same results, but Bitcoin determines everything so that when another bullish Bitcoin follows it, but in some cases sometimes Bitcoin is bullish and others are bearish.

If we should go on to talk about investing in a digital asset, bitcoin is the first thing that people think of before they discuss investing in another cryptocurrency. However, the high cost of Bitcoin typically deters some investors from investing in bitcoin. Instead, they choose to utilize other altcoins since they are less expensive than bitcoin. Investing in altcoins simply means that, during a bull market, they will make more money than if they had bitcoin in their portfolio.

Altcoin will not only be treated as a pump-and-dump coin but also as a short-term investment strategy rather than a long-term plan like bitcoin. People should only invest money they can afford to lose either in bitcoin or altcoins

I think bitcoins is the only strong and first and foremost coins that ever existed which makes it a good pair for every other coins/token. This is the reason why every other coins follow it's price movement. From my point of view, every Cryptocurrency attached to bitcoins works in line with bitcoins price which means if you invest on bitcoins or other coins linked to bitcoins, one is to expect almost same result. Altcoins are not too bad but they are full  of risk and uncertainty as they can be rug pulled.

I don't think investing in altcoin is a bad thing. If you have proper knowledge of the coin and market then you can make your research and choose a better coin to invest in. There are many altcoins out there and choosing a good coin to invest in. That's the main reason why people are advised to just stick to Bitcoin if they don't know much about altcoins.
It won't be bad to diversify your coins if you know what you're doing.

In terms of long-term investment, Bitcoin should undoubtedly be the only coin you should consider. I don't trust any coin that much to hodl them for a very long period.
Diversification of assets is always a good thing if well calculated. It doesn't have to be only gold and stock, nothing wrong in diversifying to altcoins that you trust a bit.

You shouldn't write misleading things about financial investments in the beginners section, but being way more cautious than that. Bitcoin is not a store of value or an hedge against inflation, neither provides guaranteed great returns on investment. All those claims are just BS for noobs IMO. Bitcoin is a high volatile and risky asset and altcoins are just higher volatile and riskier assets. But having more risky and volatile assets doesn't make Bitcoin a safe haven. Investing in Bitcoin is still mostly gambling and newcomers/beginners should only invest what they can afford to lose.

There could be some cryptocurrencies out there that could/might also be used as investment assets. However, Bitcoin remains the best as it has the most solid foundation and is currently known as 'the king' and the most trusted cryptocurrency. In my opinion, it is the safest crypto investment, but it will take time if the investor chooses a long-term investment. Its volatility can be useful for those who want to short.
Note to do your own research.

Well, just for you to know, why is Cryptocurrency present in our midst today and being introduced. Yes, nothing but for changes in the current financial infrastructure and this is why crypto is unique. Currently it is often discussed as one of the factors that can provide benefits for its users, both investors and financial institutions. However, behind these advantages, there are risks that we must understand further.

Now, according to my opinion, what you are asking is because Bitcoin is the leader of coins/tokens and the price is predicted to continue to increase and can be used as a means of payment. Well, that's why bitcoin BTC is considered an option that is used as an investment asset.

The use of Bitcoin is to become decentralized. Still, due to the number of people who want to have this and don't have an idea how to have it, they need to use a centralized platform, for example, exchange, so they can buy the coin they want as an investment or trading, most of the platform supports the use of the bitcoin rarely seen a platform that doesn't have a bitcoin, of course, its the mother of all coins, for me one of the reasons why the cryptocurrency is ideal to use is because of the security that the blockchain can give and being transparent unlike the current state of the mode of payment can be interrupted or make an under the table transactions.
If you know how to properly use the bitcoin or the crypto sure you can get a good profit.

Of the 5 advantages of investing in Bitcoin, the store of value is the first thing that can be used as a reference. A large return on investment can be obtained by investing in the long term.
There are some altcoins that can also get great returns if invested, but not all altcoins. Most altcoins end up in disposal.

I would suggest investing in Bitcoin because you already know about the advantages of Bitcoin if it is used as an investment asset even though the purpose of Bitcoin is to serve as an alternative to fiat currency payments.
Bitcoin gives freedom to owners to use it as they wish, may be for payment and may be used as an investment.

Bitcoin is an alternative payment mechanism, however owing to its volatile nature, lack of central authority, and a few other reasons, its value may rise or fall over time. As a result, individuals now see bitcoin as an investment that may be profitable over time, and they want to take advantage of this by holding onto bitcoin for a longer period of time. Other alternative coins are likewise viewed as investments to be held similarly to bitcoin because they share characteristics with bitcoin and are equally volatile, but since they follow bitcoin's price trend, they are worthless if bitcoin doesn't move. Diversification of portfolio may not be much of a use during bear market but can be highly profitable during bull runs even more profitable than bitcoin itself.

You are right but It can sometimes be regarded as Portfolio diversification in terms of bull market where most of these coins yield greater profits than bitcoin. It just that since they follow bitcoin price trend they can’t be much of a help during bear market.


Alternative coins may seem meaningless, but you can't write them off either because they have the potential to turn a trader into a millionaire when the market is strong. As they both have the same potential for profit, I will instead treat bitcoin and alternative coin investments as a single class and refer to them as cryptocurrency investments and then i will also, as you suggested, look into other investments like real estate investments.

I know, most people in this forum hate altcoins, what I mean is when people saying things like 'Diversify their crypto investment' they are talking about diversifying their altcoin, Bitcoin not included it's a must have. So they already own bitcoin, they want to invest in altcoins, but it's better to invest in different altcoins rather than only one altcoin.

Actually the main purpose of Bitcoin is used to be as a currency, not as a commodity or something that you need to hold for a long time.

So it's really subjective matter and you can't force every people to use Bitcoin as a commodity.

If only 5 reasons above why Bitcoin is the only cryptocurrency to be used as an investment asset, you're wrong because Litecoin is pretty much same, so it's not only one. You forgot about with the most important reason, Bitcoin is the first currency while the others are only following and change few thing to make it different.

There are thousands of crypto projects in the market and there are those that are stable coins and volatile coins. If we know what we are doing, we can dive into some of the good projects in the market and use them as investment asset. It all depends on us and the motive we have to wards our investment. Bitcoin is a good and reputable coin that will last as long as the cryptocurrency market is in existence. Bitcoin has good volatility and we can be assured that we are going to make good profits from it just like other coin projects in the market that we can buy and hold as long as we want to.

Bitcoin is not the only crypto currency that could be used as an investment asset, but it's the most commonly used digital currency as an investment asset. Aside from the above-mentioned features that Bitcoin possesses, it's also one of the oldest and first to be accepted for the exchange of goods or services.

People choose what they want to use as investment assets after considering the risk involved in all of the assets presented to them. The risk of losing everything is not the only important thing, as the amount of risk that could be accumulated also follows. This is the reason why most people out there choose to invest in some altcoins rather than Bitcoin because the possibility of the altcoin giving them a short-term huge profit is larger than the chance they can get with Bitcoin without considering the risk involved in terms of also losing everything to that Altcoin while waiting for that profit.

We Bitcoiners overlook the get-rich-quick features and consider risk reduction, considering the long-term holding decision.