Bitcoin Forum

https://ibb.co/P5x44Dp
I think he is wrong, or he doesn't know much about bitcoin,
is it true that "abusing the users of other coins and thinking bitcoin is supreme. They seriously belive there will only be 1 cryptocurrency." ?
I really doesn't know many things about thinking bitcoin as supreme, i just know bitcoin is first digital currency created on blockchain , bitcoin is asset other are security, just these 2 points I know.

maybe it's a silly thing for you but I want to know other points about why you think bitcoin is supreme.
found this here:
https://www.reddit.com/r/btc/comments/mie24q/another_real_human_lex_fridman_being_runs_in_to/

Well bitcoin still remains the supreme coin among all coin, anyone thinking something else is on his own. Despite we have other currencies it doesn't means they can't operates independently without bitcoin and we know too well that is the first digital currency that gives birth to other currencies through the formation of bitcoin all other coin where created out of it. I don't think if there were no bitcoin if other would like exist for that we give respect and maximum regards to bitcoin because is the way maker for other cryptocurrency.

Nobody is abusing other coins by saying bitcoin is supreme. Maybe he took it bad but bitcoiners are just warning almost everyone that they should be careful with the other shitcoins. And yes as it is now bitcoin remains the only unique cryptocurrency because the others have either failed in their quest to correct loopholes they think bitcoin has or they on the verge of failure. Other coin enthusiasts are just furious that bitcoin greatness cannot be contained and that’s all.

It is not matter of abuse or demeaning altcoins, if I had to guess I would say that the fixation for Bitcoin over other assets it is a natural and collectible way of thinking to counter the infinite rain of shitcoins and blatant scams seeking for rob us blind.

In my own point of view, it is healthy to stick to Bitcoin or have both Bitcoin and some altcoins which has proven to be legitimate projects and have a reasonable use case.

Toxicity is something we can find almost in any community on internet and the Bitcoin/ altcoin community is not an exception. Let us be reasonable and do not spread hatred without reason, regardless of our portfolios.

To be honest the facts are there that place bitcoin as supreme so it’s not wrong or bragging to claim bitcoin to be supreme is just only stating the obvious fact.

Bitcoin is the only coin I can hold now and have more than average assurance that its won’t go worthless, there are good altcoins like Ethereum but the adoption and real usage level of bitcoin can not be compared to any altcoin.

For-some-reason-still-an-unpopular-opinion: you know why there will be multiple cryptocurrencies? Because a huge majority of "cryptocurrencies" are actually not trying to be currencies. They're trying to be pseudo-shares of whatever platforms. Most people still think that all cryptocurrencies are trying to beat bitcoin in the currency/SoV category.

It is somehow inconvenience for a reader to click the image link to view the image when your account is capable of displaying the image.  I hope next time you can use this format if ever you need to show us an image


if you don't know how to get the image link, you can right click the image and select "open image in a new tab"

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I think being supreme is subjective.  For me, Bitcoin is too volatile as a currency to be supreme. Bitcoin Maximalist as usual see Bitcoin as the only superb currency in the whole world and I do respect that since they see something in Bitcoin that others don't.



If we are talking about cryptocurrency, then there is nothing to argue when someone says that Bitcoin is supreme compared to other altcoins because it is the fact.

Bring your arguments and I will tell you mine, in the discussion of opinions there is a path and each person decides where to go based on their convictions.

But!! Given what bitcoin is by itself, it is not about assigning adjectives or maintaining opposing positions or if you are on any side, it is about convincing yourself and there bitcoin has no rival.

Uhm because he's right? If you consider yourself a bitcoin purist/maximalist maybe get yourself checked? Just because bitcoin remains supreme in market cap doesn't mean all other coins are useless or irrelevant. I'll have you know that after 2019, bitcoin hadn't made any significant impact in the redefinition of the cryptocurrency industry besides the occasional bull runs it initiates. DeFi, NFTs, and many more have come from altcoins and we can't just sideline how impactful these ventures have become not only to the profitability of bitcoin but with its social media traction as well.

Quote me on this, Bitcoin maximalists/purists who see bitcoin as the end-all-be-all of cryptocurrencies and currencies at the same time will be the death of this industry. Their delusion and their capacity to gatekeep bitcoin will hamper with the progress of this industry. They'd literally bar people who see great potential in the industry with their actions.

So is the redditor right? Yes.

Only he/they? These days you can't be sure what their pronouns are :D

Let me start by saying that bitcoin is different from cryptocurrencies.
I'm not against the existence of altcoins, but let's be clear here, there are altcoins and there is bitcoin. All other coins more or less copy the idea.
Let's not forget that altcoins are securities and bitcoin is the only commodity. That single feature makes bitcoin superior. If people can't handle the facts, too bad for them.

It is what he thinks and considers based on their experience, research, and also what they are earning so far. For some people, Bitcoin is not only the first cryptocurrency, but this is the most trusted, worthies, and also the most valuable cryptocurrency compared to others. I do really agree with this. Bitcoin is the best and none can compete with Bitcoin in some terms. there may be many altcoins that have various benefits, concepts, and also leading technologies than Bitcoin. But, they are not able to compete in terms of value, market cap, trust, and reputation. Because not all altcoins are able to survive in any condition. However, I also don't think that all altcoins are trash. There are still some worthy altcoins, but not much.

While there are a few maximalists out there which take things too far, they are not really wrong, lets look at this from another perspective, there are only a couple of hundreds of countries out there with their own fiat currency, do we need the almost 23k coins listed on coinmarketcap? Obviously not, at most we need a hundred of those coins, and I am being extremely generous as we need way less than that, meaning that 99.57% of the altcoins that exist are useless, which explains the extreme disdain some maximalists have for altcoins.

You have raised an important point.  It is true that Bitcoin is not the only cryptocurrency that has significant value and impact on the cryptocurrency market.  There are many other cryptocurrencies that offer unique features and have a strong community of supporters.

But in all honesty I don't see any future for any other cryptocurrency as a means of payment while NFTs can coexist outside of Bitcoin.

Although i agree some of the thoughts of being a maximalist but not all of them – well, most of them.
Especially a maximalist thought towards fiat. Also, of thoughts that others coins – altcoins, are not necessary. Well, there are some that should be coexists with bitcoin on my point of view which gives more like a healthy competitor and availability of options to transfer, hold and use.

Ever since the existence of bitcoin, it's still there and how many altcoins have been there to compete and made due to the inspiration that these developers got from the creation of bitcoin? There were a lot of them.

Many of them became popular and somehow managed to be at the top of the chain but then, because of the development cycle that's happening in the market, new coins are coming out then these known-popular altcoins from before became worthless as years have passed by.

Bitcoin is surpreme because by looking at its status in the market, no matter what new developments and projects comes out. People have already the trust that only bitcoin deserves. Whether you're a bitcoin maximalist or just some casual crypto investor, you really know what bitcoin is and why it's on the top.

of course we often see the failure of altcoins which of course makes people experience a lot of losses.

if bitcoin is different from altcoins because investing in altcoins is very high risk, whereas if in bitcoin the risk is not too high. therefore our can be sure that bitcoin is the best choice.

I don't know why they think Bitcoin is supreme the only thing that I know all other coins can be exchanged into Bitcoin which means it has high liquidity compared to other coins.

And honestly, all altcoins are affected if Bitcoin price up or down that's the reason why I guess they think it's supreme.

Bitcoin will always reign supreme. That's not to say that other altcoins won't satisfy other use cases or that none of them will also succeed. However, when it comes to an alternative to the monetary system, being a sound alternative store of value, and technically/economically superior economics to most/all other forms of currency/assets, Bitcoin will likely always reign supreme.

maybe yes because they only own bitcoin as a cryptocurrency asset and don't have anything altcoin to compare it, and maybe wrong because they don't know if cryptocurrencies, like bitcoin, eth, bnb and others are support from each other. so that case, bitcoin can't stand for himself, bitcoin need altcoin as a pole and as a symbiotic relationship of mutualisrm.

Most times the reason why bitcoiners talk shit about some coins is because they are just cheap copies of Bitcoin claiming to be what they are not. And also because most of them were created to scam newbies, so those bitcoiners that know what the true intentions of the project team are try to warn the community and that ends up making them angry because they have been exposed.
We have some projet that bitcoiners support and know that such a project is solid and have some unique utility that they offer, but that's different from trying to save funds from ICO so they can carry out their exit scam.

Bitcoin can stand alone, and it does not need the support of altcoins, but bitcoin alone would not create a crypto market, and without altcoins, there would be no crypto industry.
Honestly, I'm here to invest and make money, I don't worship any coin, it's all just a tool for me to make money, so I won't pass up any opportunity. Those who care about safety can choose bitcoin, and those who are not afraid of risk can add some altcoins to their investment.

Bitcoin is supreme. That cannot be denied. There is no reason to wonder why Bitcoin is at the top. But if we take a closer look at the technicalities, there are altcoins that are better than Bitcoin in one way or another. Monero is definitely much better than Bitcoin in terms of privacy, for example. In terms of transaction speed, there are also altcoins that are better than Bitcoin. Of course it is true that Bitcoin is the overall king. But it doesn't mean Bitcoin is the best in each and every aspect.

Yes, no one blames any other coin than bitcoin because in the crypto space we all have individual freedom, especially the freedom to fully control our finances and the freedom to choose a coin when we want to invest, when a newbie comes to this forum actually the seniors don't ban them not to invest with coins other than bitcoin but basically senior warns us not to approach coins that are obscure and have no fundamentals because most of such coins usually don't last long and eventually lose their value in the market that's why many people suggest we should invest with bitcoin which is has proven to be the only coin that can survive any situation.

Bitcoin still maintains to uphold the concept of technically decentralized, PoW, consensus and so on. Changes and improvements will be implemented based on a consensus process.
Recently, many altcoins have changed technically and violated the initial concept, their improvement is solely on the initiative and decision of the core developers, whether the community likes it or not.

bitcoin is a parameter in cryptocurrency, so the safest investment in crypto is bitcoin. if bitcoin crashes it is certain that other altcoins will also follow suit, especially for beginners who are still learning to analyze, of course investing in bitcoin will be more comfortable holding it for the long term. this is because bitcoin already has trust from the start in the world of cryptocurrency, even many people think that crypto is bitcoin, even though there are many other coins and altcoins

Sincerely speaking any new coin / token launched today are for intention either to steal the little trusted and reputable coin you have hold all in the name of new project and promise what they can't even achieve. Most altcoin today has fizzled out of the industry reason being that they don't come with good plans, everyday by day they got delisted in exchange and in cmc and some coming to say he don't think bitcoin is supreme coin?
Well I don't think he knew what he was saying at then, bitcoin has been proven to be utmost currency.

You can't say he is wrong for his belief because, in this life, there is freedom from your opinion. For instance, me marketing my products to you, I will make sure to coat it in a way that you won't oppose it other than to buy the products. So whatsoever I invest in will always be the best because I want the best from such investment and for me also I second that bitcoin is the supreme coin.

He/they? Just say they hahaha

True. I'm glad there are still a lot of smart people that don't look at Bitcoin as a God and don't act like they are in a cult. I've seen too many individuals and influencers on the internet that behave that way.

This section isn't full of Bitcoin maximalist, if you want to see the real Bitcoin maximalist you can check this thread Wall Observer BTC/USD - Bitcoin price movement tracking & discussion (https://bitcointalk.org/index.php?topic=178336.0)

Lol, it doesn't like that.

Bitcoin maximalist will not force anyone to buy Bitcoin, they just encourage to invest in Bitcoin. A Bitcoin maximalist isn't a job where you need to sell x Bitcoin for every month to meet your monthly target as a Bitcoin sales :D

There's no mutualism between altcoins and Bitcoin, altcoins are just a tool to compete or beat Bitcoin.

It is no bragging that bitcoin is superior over altcoins but that remains the fact. Some cryptocurrency came out before bitcoin but they crashed, when bitcoin came out and survived, other altcoins copied from bitcoin block chain so that they can also survive. Let's remember that the most adopted and secured will last longer than the rest. Bitcoin is decentralised and don't need a third party which makes it more unique because transactions don't pass through anyone to be successful. These other cryptocurrency are centralized, a third party is in charge of you transaction for processing which make it vulnerable to attack. If it is not bitcoin then it cannot be like Bitcoin.