Print Page - What's your favorite crypto;Bitcoin

Cryptocurrency has various digital currencies like altcoin,litecoin,cardano,bitcoin,ethereum.e.t.c
My favorite crypto is bitcoin..many economists across the globe have predicted that bitcoin will keep increasing it's value in the coming years.it has inspired a revolution like no other,rapidly transforming various aspects of the global economy.it is currently the world's most popular and prominent crypto,recognized and accepted in finance ,manufacturing,real estates,healthcare,travel and retail.
It's adoption is increasingly taking shape in several critical aspects of the society.
Bitcoin works for everyone,rather than having someone at the top,the bitcoin network is based on the consensus of everyone who participates in it.
I so much love bitcoin for the opportunities it has offered the world like;
Bitcoin is permissionless
Bitcoin is immune to seizure
Bitcoin is decentralized
Bitcoin is fast and easy to use
Bitcoin provides anonymity
Bitcoin has rendered freedom,as in financial freedom.The average youth today is interested in bitcoin today not because of it's trendiness,but also to seek financial freedom.
Anyone can take up this course on bitcoin;students from various fields,upcoming engineer's,industrial experts,potential students with an open mind,e.t.c it has been the most dominating crypto for over a decade,and I don't see it stopping anytime soon.it is the most promising investment of our age,and it was not a currency for the government,it is a global currency for the people.
Bitcoin is the future!
Bitcoin is the change!!
Bitcoin cannot be stopped!!!
Cheers to all bitcoin usersBTC🥂🥂🥂

Quote from: greengrassis on June 07, 2023, 08:10:39 PM

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.

I don't think that statement of yours is correct. Other cryptocurrencies are not related to Bitcoin. They have their own blockchain and their functionality is different from Bitcoin. If you are referring to the price movement that other crypto follows with bitcoin's price movements. You are wrong there too. This happens totally because of the sentiments that traders have over Bitcoin. Bitcoin is here with us for over a decade. And not just that, it is still on the top of the list. So obviously, if anything happens to it, people's sentiments will follow that too. Thus, it will create a chain effect and fear amongst everyone in example where bitcoin's price falls, others will think that as a major red flag for the whole crypto market and will treat other crypto as the same.

So the point is, Bitcoin is not connected to other cryptocurrencies. It's us who take the decision based on bitcoin's movement. You can find many crypto moving the direct opposite direction than Bitcoin. I think that is enough proof to justify my statement. Try to research more and expand your knowledge.

Quote from: tjtonmoy on June 09, 2023, 04:49:32 PM

Quote from: greengrassis on June 07, 2023, 08:10:39 PM

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.

There are currently thousands of altcoins or non Bitcoin cryptocurrencies. Generally altcoin prices follow that of Bitcoin. This is because altcoin buyers usually buy Bitcoin with fiat currency to exchange it for their chosen altcoin. But Bitcoin does not cover all cryptocurrencies and also many different altcoins have different uses.

Most of the time though altcoin prices are closely tied to Bitcoin price and closely follow bitcoin. BTC owns more than half of the entire cryptocurrency market. This dominance gives Bitcoin a lot of influence and control. As a result the value of an altcoin is often measured against the price of Bitcoin so if Bitcoin falls, the price of altcoins may fall and conversely if Bitcoin rises the price of altcoins may rise.

Quote from: tjtonmoy on June 09, 2023, 04:49:32 PM

Quote from: greengrassis on June 07, 2023, 08:10:39 PM

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.

If I have to justify what he means is that the very altcoin out there in the market is tied to BTC such as market like DOGE/BTC, LTC/BTC or ETH/BTC.

Almost all tokens and coins, if its market is on big exchanges, they are paired to BTC and that is because BTC is the currency to be traded for all but same as stablecoins. They both compete to be the top BTC and USD.

My understanding is, not all cryptocurrencies are like Bitcoin which is also decentralized, because there are others that are centralized like XRP, and XMR it is not like Bitcoin which is decentralized, so you should not think that all crypto is connected to Bitcoin.

Although it's good that you believe in Bitcoin, it's really deep, And besides, in today's time, I actually see a lot of cryptocurrencies that have potential and can also increase when the time of the bull run comes and if I only have a lot of money, I'll buy now for sure these coins, just so of course because my money is also budgeted I prioritize the most potential besides Bitcoin.

I like that the support comes from research and knowledge and not repeating some sentences without delving into their meaning. Bitcoin is good as a medium for trading, but its value is greater than just being an investment or advising others to buy it without knowing the risks surrounding it.

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

Bitcoin is fast and easy to use
Bitcoin provides anonymity

Not all Bitcoin transactions are fast. Sending money to the frozen continent is fast, but it is slow to pay for a cup of coffee, so solutions such as the Lightning Network have been implemented.
Bitcoin is a pseudonymity. It is true that you can generate addresses without revealing your identity, but it is easy to track these addresses.

Quote from: greengrassis on June 07, 2023, 08:10:39 PM

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.

Yup.

This is all true that the entire market is tied to bitcoin as most of the pairs are on it. Everyone understands who's been here for a while that the crypto market has always been so reliant on bitcoin.

But bitcoin can't also skip whenever there are some news that are affecting the altcoins market. We've seen fiascos after fiascos and then those incidents have moved the market entirely as if it's totally tied at all.

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

Bitcoin may be almost everyone's favorite crypto currency but there are many small investors who don't have enough capital to buy Bitcoin at its current price. It is possible that we can buy some part of Bitcoin. There is no doubt that Bitcoin is the king of all crypto currencies and one of the most reliable and low-risk crypto currencies in the market. Bitcoin is a great option for those who want to make a long-term investment. For those who have more capital, the current price is a great opportunity. I have a lot of altcoins in my hard wallet but the crypto currency I feel most confident and happy with is Bitcoin.

Quote from: mk4 on June 10, 2023, 03:35:09 AM

Bitcoin due to the fact that it's actually one of the most unique cryptocurrencies — pretty much just movement and storage of value; that's it. It doesn't need to have other features for it to be useful. Other cryptocurrencies on the other hand, are pretty much just pseudo-shares and smart contract platforms.

From this aspect and op kind of question bitcoin doesn't have other features in which I know quite well, I believe that when we talk of bitcoin features we should go directly to bitcoin subordinate such as altcoins, because I understand that op is asking of our favourite cryptocurrencies we like to invest with, and the answer to that question depends on the individual kind of investment the way I'm seeing cryptocurrencies kind of investment everyone have specification of particular cryptocurrency they invest on, but I'm using myself as illustrations I don't have particular or favorite cryptocurrency to invest on, I do split my investment to any cryptocurrency I think that is potential and have a reputation.

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

My favorite crypto is bitcoin..many economists across the globe have predicted that bitcoin will keep increasing it's value in the coming years.it has inspired a revolution like no other,rapidly transforming various aspects of the global economy.it is currently the world's most popular and prominent crypto,recognized and accepted in finance ,manufacturing,real estates,healthcare,travel and retail.
It's adoption is increasingly taking shape in several critical aspects of the society.

Despite the market drop caused by the agreement between Binance and the SEC Bitcoin is still the most popular cryptocurrency for trading and investing. The backing it has received from Gary Gensler the head of the SEC is mostly to blame for this. Gensler prioritises Bitcoin and views it as a commodity.

In the middle of the chaos on the cryptocurrency market Bitcoin comes out on top providing a safe investment option. It is a dependable choice for long-term growth due to its decentralised structure and advanced technologies. Bitcoin attracts investors looking for security and possible profits.

Quote from: gunhell16 on June 09, 2023, 11:17:35 PM

You are quite true, not all cryptocurrencies, such as Bitcoin, are decentralized. It's critical to understand that each cryptocurrency has its own distinct design, purpose, and underlying technology. Others may favor scalability, privacy, or other specialized advantages above decentralization. Given the cryptocurrency market's growth potential and bull run, it's logical that you'd want to investigate and invest in currencies other than Bitcoin.

Quote from: wajik-tempe on June 11, 2023, 03:31:21 PM

Quote from: gunhell16 on June 09, 2023, 11:17:35 PM

To be precise. Bitcoin is the only true decentralized among all blockchain available because it’s founder is completely anonymous that is proven for more than a decade while other shitcoins that copy Bitcoin footprints is made by developers that trying to replicate Bitcoin just to gain money on it. Even tokens with DAO is still centralized since the team controls the majority of the token that can affect the outcome of the decision made by the team.

Bitcoin is the only coin that is worthy for long term investment and it’s my favorite coin.

Since it is the king, it stands to reason that everyone, including altcoins, prefers Bitcoin. The main issue I have with Bitcoin is its scalability, which, to the best of my knowledge, the lightning network (layer 2) is the key to improve scalability..

Quote from: greengrassis on June 07, 2023, 08:10:39 PM

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.

What you're stating, in my opinion, is that the majority of cryptocurrencies depend on Bitcoin. I concur with you if that's what you mean. According to what we can observe in the market, whenever the price of Bitcoin takes an impulsive downward move, altcoins will follow. In other words, there won't be any altcoins if there isn't any Bitcoin.

There are many cryptocurrency available in crypto currency market. Some currency is good and some are not good. But already many currency being established, like Bitcoi, Ethereum, Litecoin, doge, tron,BNB, Cardno etc. This currency are good and already created their position well in cryptocurrency market. All of them i think Bitcoin is best. Bitcoin is well established coin in crypto world. People called Bitcoin is father of all cryptocurrency. In 2010 Bitcoin price was only $0.09 Gradually It's price increased and creating It's usability. Now Bitcoin price is near about $26k. And it will increase i think. Some countrys accepting Bitcoin. So i think Bitcoin is best cryptocurrency till now. For considering all thimks Bitcoin is my favourite Cryptocurrency.

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

I so much love bitcoin for the opportunities it has offered the world like;
Bitcoin is permissionless
Bitcoin is immune to seizure
Bitcoin is decentralized
Bitcoin is fast and easy to use
Bitcoin provides anonymity
Bitcoin has rendered freedom,as in financial freedom.The average youth today is interested in bitcoin today not because of it's trendiness,but also to seek financial freedom.

Bitcoin is immune to seizure
On this, i think it very much depends on where you stored your coins. Most individuals involved in bitcoin or who happen to have taken bitcoin investments often make the mistake of leaving there coins on exchanges. That's often because they don't know any better. All they know is, they own an account with the exchange they bought from and so, its safe for them.

Remember the phrase "Not your keys, not your coins"

At that point, it applies. Your not immune to seizure when it ain't your keys. Your account and coins could ve frozen or seized.

Bitcoin provides anonymity
Anonymous yes, since you can't know the person behind an address. Traceable, yes. Still, for those that own verified accounts on exchanges, you can be ID should there be a need that requires exchanges to bridge on policies. Better still, let mixers help you make all that go away.

Quote from: tjtonmoy on June 09, 2023, 04:49:32 PM

So the point is, Bitcoin is not connected to other cryptocurrencies. It's us who take the decision based on bitcoin's movement. You can find many crypto moving the direct opposite direction than Bitcoin. I think that is enough proof to justify my statement. Try to research more and expand your knowledge.

Although I also agreed that bitcoin movement or trend is somehow opposed by some Alticoins but if it certainly not much. The market reacts to bitcoin movement because it is not just the first cryptocurrency but it is also the most secured one and as such many investors have this believe that if bitcoin is affected then other coins cannot survive the dump. The only few coins that oppose this are either newly launched coins with much hype and after the hype they also follow suit like the other top Alticoins and follow bitcoin.

Actually where I feel bitcoin is kind of connected to other cryptocurrencies because almost all the Alticoins except NFTs created after it are just after addressing one or two issues they feel that bitcoin is lagging. From transaction fee to block size to the mining methods used and none has been able to actual make any significant change without creating a problem too. So bitcoin is connected almost every cryptocurrency in terms of the idea behind its creation but each existing on its own on the blockchain

Quote from: jeraldskie11 on June 11, 2023, 04:26:32 PM

Quote from: greengrassis on June 07, 2023, 08:10:39 PM

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.

Bitcoin is the king no doubt but we must also thank altcoins as they provide some features which Bitcoin lacks. We can diversify our funds on those alts which has a better use case like the ones you said because they will surely get a demand as well from other users and that makes it value grows. Most of the times the altcoin movement depends on Bitcoin but sometimes they can also go on its own.

There's also new alts who are independent for a while. That's right that if there is no Bitcoin, there will also be no altcoin because those altcoin developers won't get an idea but I think if BTC has more capabilities, alts won't also be a thing or let say there will still be alts but BTC will get most of the demand.

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

I'd like to say that bitcoin is a king of cryptocurrency. Psychologically, all other currencies are tied to bitcoin, I mean when the price of bitcoin falls, prices for other coins often fall too, because people start to worry and take their money back. Bitcoin is probably one of the most trusted currencies on the market. It is not available to everyone because it has a high price, but for those who have enough money in the long run, it can bring good profits.
Personally, I do not have a favorite cryptocurrency, my favorite is the one that brings money

There was no need to asked this question because everyone knows that bitcoin is the best and any other digital currency is following it. Bitcoin is the father of all the Cryptocurrencies and second to Ethereum. Even when you see the market cap you will discovered that bitcoin is the one control the other coins in the market place. Whenever bitcoin goes down others also goes down and when it goes up they would follow as well. Though other altcoins are also trying their best in the crypto ecosystem. Bitcoin is my best and favourable coin and not only in the ecosystem also National Currency bitcoin is the best.

Quote from: Peanutswar on June 12, 2023, 02:57:56 PM

People still choose the bitcoin in the end because it's already proven the possible ATH and downs of it, and altcoins most likely follow the price movement of the bitcoin. This is why they keep choose of it, but there's all of the people now are holding bitcoin but in profit wise people still prefer the potential coins that gives them a profit somehow, they are using Bitcoin as one of their safe havens.
In this have the same thinking of investment. We don't settle for only one pot.

because there are indeed many alternative crypto assets that we can choose as promising investments. but in the long term, more people will trust Bitcoin. we have to learn from some projects with altcoins they get hype then fall to the bottom. altcoins may potentially provide faster profits. but Bitcoin will give us a feeling of security. it's like you said. we can choose altcoins to trade or invest in a shorter time frame. while Bitcoin we can plan for a longer time.

Quote from: Zaguru12 on June 11, 2023, 10:33:17 PM

The only few coins that oppose this are either newly launched coins with much hype and after the hype they also follow suit like the other top Alticoins and follow bitcoin.

Yes they are connected through market sentiments and people's trust. What I was trying to say is that internal connections are not there. People believes that the market will move if bitcoin moves. That's why the price of other alts move with it. In terms of technology, they are different from Bitcoin. The fact that Bitcoin is at the top and has created this massive reputation over the years, people thinks it as the mother coin. Thus, if anything happens to it, others will follow. This what people think. This is why the price movements follow the same pattern. But there's still difference between analysis in Bitcoin and other ALTs.

Quote

Actually where I feel bitcoin is kind of connected to other cryptocurrencies because almost all the Alticoins except NFTs created after it are just after addressing one or two issues they feel that bitcoin is lagging. From transaction fee to block size to the mining methods used and none has been able to actual make any significant change without creating a problem too. So bitcoin is connected almost every cryptocurrency in terms of the idea behind its creation but each existing on its own on the blockchain

Bitcoin is not perfect. So if people come up with ideas and fixes, they can create something new. This will follow the sole idea of bitcoin, but the technology and ideals are different. As mentioned above, they are connected through people's beliefs. We have created a connection which is in our mind. When we follow that, that creates the illusion of connectivity between BTC and other ALT coins.
So I do agree that the idea is the same or to improve the existing one. But always remember, ALTS are centralized unlike Bitcoin. So if you keep believing that they are connected and will always follow that, then when they manipulate the market you will take a big L. That's why I am trying to give the right information, so that newbies don't get caught in it.
They are connected, but not like what you think. That's the lesson to learn from here.

Quote from: karabiber on June 09, 2023, 09:35:29 PM

Who told you that you have to buy bitcoin with cash to then exchange it in altcoins? You can buy almost every famous altcoin with fiat. Check yourself, go on Binance, hover your mouse on Buy Crypto and you'll see four options of buying methods with 50+ fiat currencies. You can do the same on Coinbase, OKX. You can buy altcoins with fiat through decentralized exchanges like Bisq.

By the way, it's true that people pair their altcoins with bitcoins but what I want to underline here is that it's just a personal choice because as I said, people can easily buy any altcoin with their national currency, they no longer need to convert bitcoin into altcoin.

Quote from: Nrcewker on June 12, 2023, 05:13:10 PM

You are in a community or forum whose name is “Bitcointalk”, so what majority answer are you expecting OP? Like the others my favourite coin is also Bitcoin. The reason is due to it’s price and existence period. It has proven his capabilities and is now widely famous in all the continents. These are also limited in number hence many people trying the best to buy these into their wallets. I am also one of them. So yes due to the various features of Bitcoins, it’s the best and my favourite crypto.

some people want to say it again and again even if we know it is obvious choice if you are in this market long time. thousands of alts has been created, abandoned, revived, dumped and yet, we always go back to the original.
just think of the number of times that an alt is created just because they have supreme features as compared to bitcoin. but look at where they are now, forgotten already.

Quote from: Aanuoluwatofunmi on June 12, 2023, 02:48:00 PM

Everyone into cryptocurrency should be expected to have bitcoin as their most preferred crypto then comes others, there are many reasons one can give to why bitcoin must be the first and ultimate cryptocurrency to choose, because we cannot afford to get scammed or cheated by any means when we are not sure of where we are going in cryptocurrency especially in dealing with new incoming crypto projects, bitcoin has remained the only original and legitimate cryptocurrency to adopt then follow by some few if we are able to take the risk involved in them.

Bitcoin is original as you said and the only truely decentralized cryptocurency therefore it should be in all individual involved in the cryptocurency market wallets. You don't have to like Bitcoin to invest in it, it's a must own because it controls the whole market. Everything that happens to the cryptocurrency market is because of how Bitcoin is moving. We can't have an altcoins season if Bitcoin isn't doing well itself.

You can have other favorite coins because of the characteristics they have like for example, stablecoin like USDT are some individual favorite cryptocurency as it helps keep their wealth secure when market is dumping but that shouldn't stop you from investing in Bitcoin.

Quote from: Awaklara on June 12, 2023, 03:06:32 PM

Quote from: Peanutswar on June 12, 2023, 02:57:56 PM

Those hypes are the troubles right now and I do not know what's going to happen after that, I know that it is not going to be a big deal right now but that doesn't mean that we should be considering that as "gone", during the bull run that type of hype made a lot of people jump into a lot of coins and most of them ended up losing their money, we shouldn't really be expecting them to change next bull run as well and something could happen.

I am not sure what's going to happen next up, but I do believe that it is not going to be easy. Lets hope that it gets to a point where it is not going to have any importance at all, but that's not the point, it is very important to just focus on how we could warn people against these type of hypes, be cause they will be hurt by it.

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

Cryptocurrency has various digital currencies like altcoin,litecoin,cardano,bitcoin,ethereum.e.t.c

altcoin is not any specific coin. all coins other than btc are called altcoins. You can convert all coins into two category Bitcoin and altcoins.

Quote

My favorite crypto is bitcoin..many economists across the globe have predicted that bitcoin will keep increasing it's value in the coming years

I think 99% crypto investors will like Bitcoin because it is highly trustable and holding by most of the wallet. demand is very high and give you real decentralization. price will increase as many countries,institute,traders are looking to accumulate more btc. price is still low from ATH and we can expect to break ATH in three years

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

Bitcoin is immune to seizure
Bitcoin is decentralized
Bitcoin is fast and easy to use
Bitcoin provides anonymity

Bitcoin is unique in that it has value in the long term but comes with risks if not properly understood how to use it, although many people speak of the advantages of its broad description. There are many risks that need to be understood and it is not as easy as talking numbers when making an investment, the adoption is so widespread today because people are starting to realize that bitcoin is the right way to store value because even if there is a recession or inflation bitcoin is not directly affected and always finds a way to maintain value.

What you need to understand is that bitcoins are not safe if they are stored on an exchange because they are vulnerable to confiscation and causation that occurs due to hacking or other things, bitcoins are safe if someone can store them properly in a safe place and that is why storing bitcoins on an exchange is not a smart move in most cases it has happened before.

Quote from: Blowon on June 13, 2023, 03:42:17 PM

bitcoin is the first crypto I know, even now lay people I'm sure they won't know the name crypto but they tend to call it bitcoin investment, all coins are considered bitcoin before knowing anything about crypto. so I'm sure everyone's favorite coin is bitcoin, it can't be denied, even bitcoin has always been #1 in the past few years.

That's the case gor most but, its hardly a reason as to why most individuals should peg there reasons being all bitcoin loving or trusting.
Aside from the fact that it is the very pioneer cryptocurrency, the brainchild behind its innovation in the person of Satoshi Nakamoto, staying anonymous after its creation, making it truly decentralise, the intent of it being a means to help people of the world stay out of the government fish net and most of all, the price appreciation along with the securities it offers are a few of the many reasons why you don't just have to pick any other coin out there but bitcoin.
It offers more than you can say for altcoins and every other coin emulates its price action.

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

Cryptocurrency has various digital currencies like altcoin,litecoin,cardano,bitcoin,ethereum.e.t.c
My favorite crypto is bitcoin..many economists across the globe have predicted that bitcoin will keep increasing it's value in the coming years.it has inspired a revolution like no other,rapidly transforming various aspects of the global economy.it is currently the world's most popular and prominent crypto,recognized and accepted in finance ,manufacturing,real estates,healthcare,travel and retail.
It's adoption is increasingly taking shape in several critical aspects of the society.
Bitcoin works for everyone,rather than having someone at the top,the bitcoin network is based on the consensus of everyone who participates in it.
I so much love bitcoin for the opportunities it has offered the world like;
Bitcoin is permissionless
Bitcoin is immune to seizure
Bitcoin is decentralized
Bitcoin is fast and easy to use
Bitcoin provides anonymity
Bitcoin has rendered freedom,as in financial freedom.The average youth today is interested in bitcoin today not because of it's trendiness,but also to seek financial freedom.
Anyone can take up this course on bitcoin;students from various fields,upcoming engineer's, industrial experts, potential students with an open mind, etc it has been the most dominating crypto for over a decade, and I don't see it stopping anytime soon.it is the most promising investment of our age, and it was not a currency for the government, it is a global currency for the people.
Bitcoin is the future!
Bitcoin is the change!!
Bitcoin cannot be stopped!!!
Cheers to all Bitcoin usersBTC🥂🥂🥂

(OP) yes, you have said it all about the goodies that Bitcoin has become today all over the great wild world I would say Bitcoin has brought no harm but had also brought financial breakthroughs to the world addition of people who do invest in it is the youthful age I tell today because of bitcoin trading there have been less of cybercrime, seating, area hoodlum the street are immaculate out,
And has brought the advantage of learning to the world, maybe there should be a day designated for it as World Bitcoin Day.
It is high time we all take full accountability for protecting it from the government sectors. Why does the government have this bad feeling about it till now?????

I am a bitcoin believer and it is not that I decided so myself. What I discovered in this cryptocurrency industry is that you will tend to follow the advise or instruction given by others especially in your early days.
I would have accumulated so much bitcoin by now but someone who introduced me to cryptocurrency back then before covid-19 advised me not to buy bitcoin, that bitcoin was expensive (This was when bitcoin was not upto 10k). He rather introduced me to so many shitcoins that I held which never made moves and I lost them all.
It was about 1 year later, when I joined the forum that I understood the true power of bitcoin but then I already missed the bull run. I'm patiently waiting for the next bull run to benefit.

Bitcoin is my favourite crypto, even if it doesn't give mad rewards like altcoins, but when you wake tomorrow, you will be sure to see bitcoin. That's why I love btc.

Quote from: Peanutswar on June 12, 2023, 02:57:56 PM

Ofcourse no body is planning to settle for less, targeting a promising project and hitting it when the time finally comes, no room for excuses. Bitcoin is my favorite crypto because it's served big aides to me in the past and present, and I never doubted the project, it's 100% legit. Bitcoin is the answer gotten from the majority, it's never too late to start in bitcoin because it's a top project in the market with high trading volume. It's movement alone influences the movement of other altcoins in the market.

Quote from: KingsDen on June 13, 2023, 10:55:07 PM

I would have accumulated so much bitcoin by now but someone who introduced me to cryptocurrency back then before covid-19 advised me not to buy bitcoin, that bitcoin was expensive (This was when bitcoin was not upto 10k). He rather introduced me to so many shitcoins that I held which never made moves and I lost them all.

Bitcoin is an excellent investment if you intend to invest in the long term, but this does not mean that there are other investments that are just as good as bitcoin, especially when we are talking about investment. When Bitcoin is in an upward cycle, choosing it is not wise, but you can invest in several alternatives and wait for the price to collapse, which will be the best opportunity to buy and invest in Bitcoin, just as it happened last year when the price was around $15,600.
Instead of just thinking about bitcoin which is perfect for long term investment. There are some good alternatives at certain times, all of this depends on your investment background, information and some other factors. If you do not want to conduct your own research, then DCA is the best strategy for those who do not want to search and take risks.

If you ask such a question in a Bitcoin forum, Of course, the majority of the forum member will say their favorite crypto is Bitcoin. It's not like they don't own altcoins. Most of us own altcoins and we use them for various purposes. But, when it comes to my favorite crypto, It's Bitcoin. There is a reason behind it. Bitcoin is the crypto that people trust because of its decentralization. No one will be able to manipulate the market by increasing the supply (Whales can do it by buying or selling a huge amount). Bitcoin price will increase over time. If people understand the concept of Bitcoin, they won't say they like some other coins except for Bitcoin.

Quote from: Learn Bitcoin on June 14, 2023, 12:40:41 AM

in general people invest in cryptocurrencies, they certainly choose bitcoin to place their main asset. after that with less capital they usually put on altcoins as an option. this is because in cryptocurrency the safest coin is bitcoin, while all altcoins follow the movement of bitcoin, so we must realize that as the basis for securing our money in investing in cryptocurrency. indeed altcoins provide greater profits, but bitcoin provides security in the long run

Quote from: Learn Bitcoin on June 14, 2023, 12:40:41 AM

Totally, only time that someone would probably say that their favorite crypto besides bitcoin is when they created their own crypto, there's a possibility too that they might even say that they still have bitcoin as their top 1 even if they created their own coin but highly unlikely. Isn't it contradictory that you've said that no one can manipulate the market and at the same time mention whales, these people can literally make waves to the market and in my book, that's market manipulation. Don't discount the fact that no one will have any other answer besides bitcoin, there are outliers out there that might surprise you.

Quote from: Blowon on June 13, 2023, 03:42:17 PM

Let's hope that in future this is maintained and altcoins only if useful should be used for specific uses. But again this is bitcoin forum so the majority of the replies will be biased towards bitcoin. Of course a certain altcoin can be good but keep them limited as much as possible just avoid trying to be a cult or have a narrow vision.

Again for daily uses of the world population bitcoin was designed to fulfill them and it has been doing that till now. It is one of the big reasons why bitcoin became popular along with its high price and community support.

If everyone is asked what their favorite crypto coin is, everyone will answer without a second thought that their favorite crypto is Bitcoin. In addition to the favorite crypto, if you have to choose the favorite coins among the ALT coins, then the names of the coins like Ethereum, BNB, Matic etc. will come first in the list because these three coins are very popular among the ALT coins.

After Bitcoin, if people prefer any coin these three coins will be in the list of coins. While other ALT coins cannot be trusted, these three coins can be trusted. So if I were to make a list of favorite cryptos, Bitcoin would come first, followed by Ethereum, BNB, Matic, Polkadot, etc.

Quote from: AbuBhakar on June 11, 2023, 03:42:39 PM

Quote from: wajik-tempe on June 11, 2023, 03:31:21 PM

Quote from: gunhell16 on June 09, 2023, 11:17:35 PM

Indeed, there are other altcoins that look decentralized but are centralized, there are also others that pretend to be decentralized but show centralizedness, you know what I means.

Honestly, the ones that are known as decentralized cryptocurrencies for me are Ethereum, Tron, Binance, Ada, Solana, Avalanche, Shib, Doge, and others, but the one that I can also say is 100% decentralized is still Bitcoin without a doubt.

Quote from: greengrassis on June 07, 2023, 08:10:39 PM

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.

No. I can't find references and theories from various sources that your statement can be justified.
Bitcoin is never equal to the number of coins that exist in the crypto space.
Maybe I would agree with you if you said that all coins are trying to get better like Bitcoin even though none of them have been able to.
You need to read more so that you can clearly understand Bitcoin and other coins.
Bitcoin is a unique crypto.

Quote from: Uruhara on June 14, 2023, 06:15:03 AM

Of course Bitcoin is my favourite. Just like everyone, of course the majority of users here are bitcoin favorites. Because as far as I've learned the only truly decentralized thing right now is bitcoin. But to be honest I also speculated a lot in altcoins for the short term. But for the long term and safety of my assets then of course I only trust to invest in bitcoin. Even though I'm still new to crypto, I'm really serious about learning it when I have free time on the sidelines of my busy life. and yeah I'm getting more confident with Bitcoin.

you position yourself well. because for anyone who is just trying to learn to invest in crypto, then Bitcoin is the most appropriate choice. even if you also have an interest in altcoins, but put more in Bitcoin for the long term. and altcoins for short.
for the short term sometimes when we choose the right altcoin, we can get good returns. it all depends on our skills in analyzing altcoins.

I can relate with you about the excitement that I also had when I first came to know about Bitcoin and learned about it, I was stunned by the technology and I suddenly thought of getting involved and here I am today, having a lot of experience of the market and how things happen around here. I also agree with everything you said except for one part where you said it's accepted in a lot of places.

The reality is, Bitcoin, no matter how much adoption it has got, will always have some issues, and for now, its biggest challenge is that it isn't widely accepted as a payment method, and looking at situations around the world, it feels like it won't happen anytime soon.

Bitcoin definitely got the love of many people and will continue to have it for a long time. People are reacting as if this is surprising but there is a reason why we love it, it's the best decentralized one. We are not worried about what's going to happen to it, we worry about almost all others and something bad could happen to all others and it could happen within, but nothing bad will happen to bitcoin like that because there is no within.

This means that we get to be trusting to bitcoin easily without worrying about what might happen, so that is why it's the number one ranked coin of all time and it will stay that way. I personally love it and I think it's the best thing we could ever hope for. I am not going to sell my bitcoin before anything else, it's the last resort.

Quote from: rozak on June 14, 2023, 06:42:37 AM

Quote from: Uruhara on June 14, 2023, 06:15:03 AM

Bitcoin is the favorite of everyone who knows crypto. Even initially, they join crypto because of attractive offers to invest in new coins. But once they gain experience, they will find out that Bitcoin is the goal of everyone who comes to crypto.

Those who invest in new coins or altcoins will eventually start investing in Bitcoin because they see that Bitcoin is the main coin in crypto. But those who don't see it will still choose other coins over Bitcoin. So it's up to them and we can stick to our choice to invest in Bitcoin.

But you can also invest in altcoins to increase your profits in crypto because, with many altcoins on the market, that is your chance to earn a lot. But be careful with the number of altcoins because you have to find the right altcoin so that you can benefit.

Quote from: Uruhara on June 14, 2023, 06:15:03 AM

Also my Favourite cryptocurrency is Bitcoin because this is most well known and well established decentralised cryptocurrency today is Bitcoin. It is admirable that you are investing the time to research cryptocurrency and choose wisely. While short term speculating in altcoins may be alluring it is wise to put your long term asset safety first which is where Bitcoin well established track record shines. You shall grow more convinced of Bitcoin future potential as you continue to invest your leisure time in studying more about cryptocurrencies. Continue learning and researching and may your cryptocurrency journey be fruitful and fulfilling.

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

Cryptocurrency has various digital currencies like altcoin,litecoin,cardano,bitcoin,ethereum.e.t.c
My favorite crypto is bitcoin..

Litecoin, Cardano, Ethereum, and all coins except Bitcoin are Altcoins. So, you don't need to mention it.
But I also agree that Bitcoin becomes the most favorite, and I am sure enough that most people make BTC as the most favoriite cryptocurrency. We cannot deny it, not only because this is the first crypto but also how Bitcoin going on so far, its value, market cap, and also our trust on it. Moreover if this is for long term, indeed no doubt.

But if it is for day trade, sometimes it is different. I will prefer to altcoins that have low price, this is suitable for me because the capital is very small, so tthis is for short term trades. However every decision always bring its own risks. And we mat be able to handle the risks.

Quote from: yudi09 on June 14, 2023, 06:38:42 AM

Quote from: greengrassis on June 07, 2023, 08:10:39 PM

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.

Many projects are indeed working hard to outperform Bitcoin when it comes to their profit, and some are able to do this while many are still struggling. Bitcoin is the basis of many tokens and coins, and that’s why the market trend depends on the price of Bitcoin, its very influential and we have to accept it. Bitcoin moves depend on the market scenario, if there’s a lot of good news then expect for the pump but if there’s a lot of issues and fud, better to take profit for now and wait for a cheaper price of the market.

Quote from: goaldigger on June 14, 2023, 09:54:40 PM

Quote from: yudi09 on June 14, 2023, 06:38:42 AM

Quote from: greengrassis on June 07, 2023, 08:10:39 PM

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.

^ Definitely right, since BTC was created many projects are striving to surpass BTC's profitability, and while some have succeeded, many others are still facing challenges. BTC's position as the foundation for numerous tokens and coins indeed grants it significant influence over the overall market trend. BTC is a leading cryptocurrency and there is no doubt there are a lot of people making a profit from it since the price is very volatile because of the huge demand, it is easy to fluctuate the price every now and then.

Quote from: DoublerHunter on June 14, 2023, 10:15:55 PM

^ Definitely right, since BTC was created many projects are striving to surpass BTC's profitability, and while some have succeeded, many others are still facing challenges. BTC's position as the foundation for numerous tokens and coins indeed grants it significant influence over the overall market trend. BTC is a leading cryptocurrency and there is no doubt there are a lot of people making a profit from it since the price is very volatile because of the huge demand, it is easy to fluctuate the price every now and then.

Can it really be surpassed?
Some coins that claim to have surpassed BTC even a few years later are no longer in demand and some coins with new blockchains are also still affected by Bitcoin and are not truly decentralized.

Bitcoin still cannot be surpassed if the coins are still semi-centralized.
Volatile prices will certainly be an advantage and disadvantage, but other coins will also be more volatile because all coin movements will be influenced by Bitcoin.

And look now, Bitcoin crashes Altcoin is getting crashed and this proves that Bitcoin cannot be surpassed just like that.

Quote from: goaldigger on June 14, 2023, 09:54:40 PM

but if there’s a lot of issues and fud, better to take profit for now and wait for a cheaper price of the market.

That will for sure will make the price cheaper a bit so take advantage of it and start buying. You might miss a lot of those moments that you've already seen because you think that there should be the cheapest price that you should buy.

Quote from: michellee on June 14, 2023, 04:38:25 PM

But you can also invest in altcoins to increase your profits in crypto because, with many altcoins on the market, that is your chance to earn a lot. But be careful with the number of altcoins because you have to find the right altcoin so that you can benefit.

It's hard for those that are new to the market and they might choose the wrong altcoin that's just a pump and dump. That's why in choosing, there should be a dedicated time of researching it before buying.

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

When it comes to cryptocurrencies that are the most preferred or most in demand by crypto investors, I'm sure almost all users will agree, that bitcoin is the most popular. Because of questions like this, I think the answer is clear, that bitcoin is indeed the king of crypto, therefore all crypto users also definitely like it. Because bitcoin does have many advantages that other cryptos (altcoins) don't have. I personally also decided to join this crypto investment and trade, because initially I was only interested in bitcoin. So the question you are asking, actually there is no need to ask, because the answer is certain that the majority choose bitcoin. Because bitcoin is number one and has no equal in the world of crypto assets. And as you wrote, bitcoin has now become a very valuable asset in the world, and is widely used in various ways. Therefore, there is no need to be surprised and doubtful if bitcoin price predictions in the coming years will increase. Because it is certain that the number of bitcoin investors will increase every year, and this will certainly affect the price of bitcoin towards increasing prices.

Quote from: nlovric on June 14, 2023, 05:58:31 PM

Quote from: Uruhara on June 14, 2023, 06:15:03 AM

Thank you guys for the prayers. And I hope you can also get success and always benefit from cryptocurrencies. And yes, I also feel safe with my investment in bitcoin. Because I also really became more confident after learning bitcoin more and more. Even though today the correction happened again, it didn't make me too surprised. And it's another opportunity that I have to take advantage of to re-accumulate from this point.

Quote from: Webetcoins on June 14, 2023, 11:23:52 AM

The reality is, Bitcoin, no matter how much adoption it has got, will always have some issues, and for now, its biggest challenge is that it isn't widely accepted as a payment method, and looking at situations around the world, it feels like it won't happen anytime soon.

The fact that Bitcoin isn't perfect is what make me love it more, the imperfections of Bitcoin means there's room for improvement and when those improvements comes, Bitcoin will benefits more from adoption to price appreciation and that means we're still early as investors. The high fees is one of the problem Bitcoin has and if that doesn't get resolved then adoption will become a problem.

Bitcoin isn't perfect but that's okay and still it has to be the favorite cryptocurency in the market because with Bitcoin you can be guaranteed of no issue from the Security and exchange commission calling it a security as they just called some tokens security last week.

Quote from: goaldigger on June 14, 2023, 09:54:40 PM

Quote from: yudi09 on June 14, 2023, 06:38:42 AM

Many projects are indeed working hard to outperform Bitcoin when it comes to their profit, and some are able to do this while many are still struggling.

Only the claim of one party that their achievements were able to outperform Bitcoin and for me it was not a category of capable.
For example Vitalik as a co-founder Ethereum.
Recently Vitalik said that Ethereum failed because every transaction worth $3.75 ($82.48 If we have another bull run), and every product aimed at mass market must forget the chain and adopt a centralized solution for all[1].

According to Vitalik's explanation, one of his failure points related to the smart contract wallet from 3 important transitions according to him.
Then how all coins including Ethereum outperformed Bitcoin.

[1]. https://cointelegraph.com/news/vitalik-buterin-ethereum-fails-without-these-three-transitions

Quote from: goaldigger on June 14, 2023, 09:54:40 PM

Bitcoin is the basis of many tokens and coins, and that’s why the market trend depends on the price of Bitcoin, its very influential and we have to accept it. Bitcoin moves depend on the market scenario, if there’s a lot of good news then expect for the pump but if there’s a lot of issues and fud, better to take profit for now and wait for a cheaper price of the market.

Regarding prices, on average people can judge and answer themselves.

Quote from: Gallar on June 15, 2023, 03:25:13 AM

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

It is crucial to recognise that the cryptocurrency industry is broad and dynamic even though Bitcoin has cemented its position as the top cryptocurrency and enjoys great appeal among investors. Even though Bitcoin continues to dominate other cryptocurrencies have gained popularity and developed their own distinctive value propositions. Since there are many alternative cryptocurrencies that provide cutting edge technologies and prospective investment opportunities it is crucial for investors to investigate the larger crypto ecosystem. Beyond Bitcoin diversifying one portfolio can expose investors to other initiatives and raise the likelihood of long term rewards. Investors can manage the dynamic market and make decisions that are in line with their financial objectives by being informed and open to new cryptocurrencies.

Quote from: Husires on June 14, 2023, 12:03:40 AM

Quote from: KingsDen on June 13, 2023, 10:55:07 PM

Yea, this is right. It was of recent that I discovered this strategy that someone I know uses. Unlike the idea of HODL we hold esteem in the forum, he doesn't hold bitcoin for long. While I will be holding bitcoin and not bother of the price because I am on a long term plan, he will leave bitcoin for altcoins and whenever bitcoin falls, he will sell altcoins and buy bitcoin and hold. But then he doesn't also hold the bitcoin for long but he sells when bitcoin makes significant increase like from 20k to 25k.

I asked him why his method and he told me that he makes money doing this far more than what I will make holding bitcoin for 2 or 3 yrs. According to him, he makes money in the altcoins and also in bitcoin by selling and rebuying low, unlike me whose bitcoin grows and falls back in my wallet.

Bitcoin is a virtual asset loved by everyone and everyone invests in it. I prefer and prefer bitcoin to all other crypto coins. Because Bitcoin is a coin that has a near future. If we want to invest in a virtual currency, there are definitely many risks. But investing in bitcoins is safe as there is no risk of losing money. and if Bitcoin is to be a long-term investment then it will be a great and profitable one in the future. If people want to invest for long term with faith then surely they choose Bitcoin. By investing in Bitcoin there is never a fear of losing money rather one can expect good profits from Bitcoin in the future.

Quote from: KingsDen on June 15, 2023, 08:34:01 PM

I don’t quite understand the moment with the sale of altcoins when bitcoin falls, because I see how much altcoins depend on bitcoin, if bitcoin falls, then altcoins fall even more, it was very clear a few days ago.

If we talk about bitcoin trading, then the results compared to hold will be different for different people, and this will depend on how good a trader you are, because if we are talking about day trading, or medium-term trading, then statistics tell us that among them there are not many successful traders.

I believe that the greatest benefit from bitcoin can be obtained by taking into account its cyclical nature, accumulating your position in a bear market and taking profits in a bull market, and buying bitcoin again in the subsequent bear market. This requires patience and discipline, without which nothing will work.

Quote from: michellee on June 14, 2023, 04:38:25 PM

The only possible positive thing about alts is that bitcoin will not go 10x easily, and won't go 100x, that's just not looking like possible or at least not right now. There will be "some" alts that will go 100x in the future, I do not know which ones and that's the trouble, one day we will see one where the top is 100x higher than the bottom price and we will wish we bought it.

The risk however is that if you keep investing into them, then you will think that you will know at least one of them right and most of them will be wrong and you will lose money instead. This is why it's much more important to just focus on how you could make a profit based on known coins and not risk it on alts that may go up or crash, I feel like I would always pick the wrong one so I stay away from it.

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

Cryptocurrency has various digital currencies like altcoin,litecoin,cardano,bitcoin,ethereum.e.t.c

Is there any coin by the name altcoin? Or is it just an error from OP. I would be glad to be enlightened because from what I know by altcoin is the acronym for alternative coin which is coins other than bitcoin.

The recognition and wide acceptance of bitcoin by both individuals and governments like El Salvador, Central African Republic (CAR), is not unconnected to the feat that bitcoin as a digital currency among other digital currencies has been able to keep up in the lead of all cryptocurrency in the world for the more than a decade now and still counting. The freedom and control it gives you as an individual, alone, over your funds without external intrusion through regulations and policies as it is with the government fiat is something anybody that is so much interest in his financial security and privacy wouldn't think twice to embrace. For what is worth it there's something for anyone from bitcoin starting from fast transacts, security/privacy, financial freedom, decentralization, increasing value etc.

Quote from: Inwestour on June 16, 2023, 11:00:40 AM

Quote from: KingsDen on June 15, 2023, 08:34:01 PM

Let me explain again. I understand that it will be confusing in the context that I explained it. Let me use for instance we have been in the bear market for long and people who bought bitcoin in this bear period would have to hold until during halving when we will have another ATH.
But some persons will not buy bitcoin and hold throughout the bear period. Rather they will be trading with Altcoins and when the bull run is very close or when bitcoin is on very large discount, they will now enter the bitcoin market having made also so much money trading altcoins for months or years. I believe you will understand this better.

Quote from: Bitcoin_people on June 16, 2023, 09:20:03 AM

Bitcoin is a virtual asset loved by everyone and everyone invests in it.

In all your journey through the crypto space, have you found out anywhere that Bitcoin is loved by everyone or invested in by everyone? Do you have statistics to back that up? Even at present, you know that Bitcoin is banned in some countries, and the U.S. government, trying to crack down on the use of cryptocurrency. So, you just need to be aware that there are still quite a lot of people who disagree with Bitcoin.

What I'm specifically referring to is a case like "How to fight with FUD about Bitcoin" (https://bitcointalk.org/index.php?topic=5456649.0)

I can even agree that the rate of people worldwide who have not invested in Bitcoin is greater than the number of people who have already invested in Bitcoin (anyone correct me if I am wrong). So, I really disagree with what you said.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Quote from: Litzki1990 on June 17, 2023, 04:48:14 PM

Bitcoin seems to me to be the safest crypto currency. I can trust bitcoin but not so much on some others. I think Bitcoin will never disappear from the market and those who have invested in Bitcoin are really lucky to have invested in Bitcoin. Because I believe the price of Bitcoin is going to get a huge pump soon. As there is a possibility of Bitcoin pumping, those who invest during this period can expect to make good profits during the pumping period. Considering the current and past statistics or situation, I think the future of Bitcoin is very good.

The one thing I know about bitcoin's operation is that it has a promising future. Every project has its ups and downs, and bitcoin is no exception. We can't say for certain that bitcoin will vanish from the market, but to be on the safe side, always prepare your mind for the worst; the crypto field is full of horrific incidents. However, let us concentrate on bitcoin because it is broad and reliable, unlike projects that pump and dump within a month or a week. Bitcoin has always been present, and the project has maintained equilibrium during both critical bear seasons and beneficial bull periods.

Quote from: borovichok on June 18, 2023, 02:43:15 AM

Quote from: Litzki1990 on June 17, 2023, 04:48:14 PM

The one thing I know about bitcoin's operation is that it has a promising future. Every project has its ups and downs, and Bitcoin is no exception. We can't say for certain that Bitcoin will vanish from the market, but to be on the safe side, always prepare your mind for the worst; the crypto field is full of horrific incidents. However, let us concentrate on Bitcoin because it is broad and reliable, unlike projects that pump and dump within a month or a week. Bitcoin has always been present, and the project has maintained equilibrium during both critical bear seasons and beneficial bull periods.

We've seen how Bitcoin changed and develop to become a top currency. It will never be a top and most trusted cryptocurrency for nothing. I agree that it's the safest coin that we could invest in especially if we are targeting a long-term investment. There are lots of coins that attempted to be like Bitcoin and reach the same achievements that it has reached but none of them succeeded. Bitcoin, compared to other coins has a stronger and well-established foundation and we can firmly rely on its potential only if we'll only be patient enough to wait for the bullish season.
Many investors who have doubted Bitcoin before have switched to investing in it after they have seen how it could resist and survive in every market situation. If you are a risk taker, it will all be worth it if you'll risk with Bitcoin.

Quote from: Bitcoin_people on June 16, 2023, 09:20:03 AM

There is no doubt that Bitcoin is the favorite crypto currency of all people and it is the desire of every person, that he has Bitcoin in his wallet. Bitcoin has its own importance but because of Bitcoin you can't ignore other altcoin.There are many good and strong projects in the market right now which have given huge returns to people in the past, and for the upcoming bull season too, there are projects that can be expected to yield huge returns.

I also agree with you that our capital is more secure in Bitcoin, but Altcoins in the market also have the chance of huge profits. So in my opinion, along with investing in Bitcoin, you should invest in good and strong coins in the market.

There is risk in small coins but a small amount of risk should be taken for high returns, but if you have chosen good coins, you can minimize your risk.

Quote from: Cling18 on June 18, 2023, 03:00:56 PM

Quote from: borovichok on June 18, 2023, 02:43:15 AM

Quote from: Litzki1990 on June 17, 2023, 04:48:14 PM

It wont really be sitting on top rank or #1 in overall market if it wasnt that favorite or been supported. Although we do see that there are lots of projects on which we can say that it is much more better with Bitcoin

in terms of features and other aspects on which we do mostly seeing this on top altcoins on which it would really be understandable on having that way but still it do able to manage on remaining on top spot,
which significantly means that the demand and community recognition would be the most powerful thing that would determine whether a project would be valuable or not.
Being the first cryptocurrency does hold off that kind of name or title which it would instill on most peoples mind on which it would be that common sense that they would really be that
mainly supporting it.

This is a bitcoin forum and thus the comments will be biased towards bitcoin.

I think the term favorite here is used loosely, because we are here to see bitcoin as a mode of transaction and an asset, not like a team who we are supporting. As per as price changes and bullish trends are concerned, bitcoin has made the largest round and therefore it is the crypto users first choice when asked for a asset class to invest in.

Most altcoins have failed to demonstrate what bitcoin has done in terms of decentralization and censorship-resistance, they also havent brought anything new to make them stand out.

My favorite has always been BTC. I understand it's workings and implementation better than any other currency out there.
BTC has a proven track record of stability and even as we expect the halving for next year, the confidence in this particular crypto is stronger than it has been.
Am only considering investment in other cryptocurrencies because of my pals and friends who have made advancement in that area. I am not one to have friends with people who don't think alike, hence my current friends who have interest in BTC and other altcoins in general are the best brokers I have when it comes to investment in crypto currency.

I love BTC. I have instinct built up on this that I could be sleeping and have a possible thought of market trend invariably going to run concurrent to the current trend. That's when I'd buy or HoDL till necessary.

Quote from: usekevin on June 24, 2023, 06:01:54 PM

Not all the people buying bitcoin for your information.Some people get rich by buying the altcoin itself.Because the profit percentage is more on altcoin sometimes,because the price of altcoin is very low to bitcoin.So to the half the price of bitcoin,you can buy maximum amount of bitcoin for your future.Buying the good coins at the ICO is all the better option.Bullish market will get more profit then expected in altcoin.

If it's a matter of getting much bigger profits in a faster timeframe then of course Altcoins are the answer. but with a much greater risk of course. I also have that thought. But still, when talking about favorite coins, it's still bitcoin. because as far as I'm concerned currently only bitcoin is truly decentralized. while altcoins I think everything is almost close to a centralized system. Bitcoin and altcoins both have their respective roles and their respective enthusiasts. but the majority favorite definitely remains bitcoin. proven by looking at the market cap owned by bitcoin.

Quote from: usekevin on June 24, 2023, 06:01:54 PM

When investing in the right altcoins, it will provide big profits too,
basically investing in Bitcoin or altcoins is just as profitable and it depends on the choice of each,
when bullish then it is a good time to sell.

I also personally like Bitcoin and I think Bitcoin investment is very safe.Bitcoin is performing better than any other currency, but there is considerable interest in BTC and Ultra Coin among investors.I think bitcoin will go far in the future. If anyone is considering investing in cryptocurrency, I prefer Bitcoin.

Quote from: tjtonmoy on June 09, 2023, 04:49:32 PM

Quote from: greengrassis on June 07, 2023, 08:10:39 PM

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.

I think altcoin prices follow bitcoin prices. Since the price of Bitcoin in the market goes down, the price of the altcoins goes down. It is easy to understand that altcoins follow Bitcoin price and movements.

Quote from: justdimin on June 16, 2023, 12:46:10 PM

That's why not a lot of us invest into all those small things, sure they brought in money but most of them taking money out of bitcoin as well, which means there is a reason why bitcoin won't go 10x easily, because there are tens of thousands of other tokens that we invest into instead of bitcoin.

Do you know how much higher bitcoin would be today if we decided to just keep the top 100 and all the rest of the tokens and coins just gone, fully gone, and all the money in them go directly to bitcoin? We would be breaking ATH after ATH for bitcoin today. This is why I think the "possibility" which is like 0.001% of the coins/tokens created, is not really a good idea for an investment, I would rather keep it in bitcoin instead, much more reliable.

Quote from: borovichok on June 18, 2023, 02:43:15 AM

The reasons those project pump and dump is because they get over hype when they get launched and many investor rush to buy the tokens hoping to get profits but when they realized the project isn't what they claim it to be, they start selling and dumping the price down. Altcoins are known to use influence to shill their project when they don't have those things they're been hyped for.

We have to be careful if we want to invest in altcoins because most of them won't make it into the bull market and that's because they don't have the trust of the community. Bitcoin is trusted and it has proven to be a trusted project and that's why you should choose to invest in it.

Quote from: Rupok on June 25, 2023, 07:07:47 AM

Yes, other altcoin follows Bitcoin price movement. But not because they are connected. It is because of the market sentiments. People trade that way, it is the reason behind the same kind of price movement with Bitcoin market. Many reputable Alt coins follow the same sentiments, but the new ones are not that much. It is based on ICO or IEO or some other shit like that. You can call that a trend or hype. And those that follow bitcoin's price movement are totally on different blockchain or has a different concept than bitcoin. That is why, bitcoin and other alts are not connected, but the alts follow bitcoin's price movement based on traders sentiments.

Depend which one favorite crypto between bitcoin or altcoin depend on how much capital used for trading in cryptocurrency, for small fund trading actually altcoin is the best option than bitcoin for earning profit. But trader with huge capital actually Bitcoin is the best choose and option for trading due price can up and down about few percent every day. Consistent to earn profit trough bitcoin if have huge fund for trading but difficult to earn profit for small fund and invest in Bitcoin.

But bigger risk when trading or priority for altcoin, has the owner handle some altcoin and the future with our altcoin assets depend for them but Bitcoin there is not any one can't controlling for make it dump like altcoin.

Quote from: lunnatic on June 25, 2023, 12:45:23 AM

Quote from: usekevin on June 24, 2023, 06:01:54 PM

If someone wants to make a profit by investing, then he must follow some rules. For example, the coins must be checked before investing. The coins must be bought and held at the right time and sold at the right time. If an investor invests successfully, he is profitable. If he can't invest at the right time, his money will be at risk.

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

Cryptocurrency has various digital currencies like altcoin,litecoin,cardano,bitcoin,ethereum.e.t.c

Litecoin, cardano, ethereum, and other coins except Bitcoin are called as altcoins.

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

Bitcoin has rendered freedom,as in financial freedom.The average youth today is interested in bitcoin today not because of it's trendiness,but also to seek financial freedom.

The journey to this financial freedom is not as easy as we think, moreover with Bitcoin. There are up and down cycles that we must pass and not all people are ready for this situation. People can enjoy it and have financial freedom once they really understand Bitcoin, how it is going on, and how our response to every condition of Bitcoin. However for investment, basically yeah I really agree that Bitcoin is much worthier than other cryptocurrencies, moreover if used for long-term investment. But once more, this always has the risks. And we must be ready for the risks.
But at least, Bitcoin sometimes can really help us to gain more benefits from it, not only used as globa payment but also for investment which is very worthy if we know the cycle and the ways for the investment.

Quote from: IvugeoEvolutionCoin on June 25, 2023, 04:21:00 PM

Quote from: lunnatic on June 25, 2023, 12:45:23 AM

Quote from: usekevin on June 24, 2023, 06:01:54 PM

That is why both investors and traders need to have knowledge and skills,
Following market movements at all times is also important so you know when is a good time to buy and sell,
crypto is so complex and most importantly keep learning.

One of the most valuable cryptocurrencies is Bitcoin. Bitcoin is generally not compared to other coins. Because Bitcoin is one of the most popular cryptocurrency coins. Although people don't know about crypto-currencies, they know quite a bit about Bitcoin. There are many people who don't know what cryptocurrency is but they have a fair idea about Bitcoin. The value of most coins in the market depends on the value of Bitcoin. Bitcoin is always the best choice for investment especially for me. Because I trust bitcoin investment even if I don't trust investing in other digital currencies. Although there is some risk involved in investing, the amount of risk in Bitcoin is very low compared to the risks of other coins.

Many traders has experienced positive results from Bitcoin in the market, that made them to prefer Bitcoin than crypto because whenever the price of Bitcoin is rising in the market other cryptocurrencies price will be rising too which a sign that bullish market is very close to traders. Bitcoin is my favorite, because it is very easy to make a passive income when you apply long term trading which is the best strategy many potential traders used to grow their income in the community, and I have experienced it too that made me to prefer Bitcoin than crypto in long term trading. Since the price of Bitcoin is planning to hit $40,000 before the end of this year, I think it will really help many that invested last year to make a good profits that will attract other Bitcoin traders to invest more on Bitcoin than others cryptocurrencies.

Quote from: tjtonmoy on June 25, 2023, 03:45:30 PM

Quote from: Rupok on June 25, 2023, 07:07:47 AM

So true. that's what happened. all that about the Sentiment of everyone involved in the crypto market. The majority of altcoins always follow the movement of Bitcoin. In fact, many trade in altcoins but by looking at and analyzing bitcoin movements.

But don't be surprised if there are altcoins that actually oppose the movement of the Bitcoin price. Usually this type of altcoin is an altcoin that has just been launched or which is currently having a level of hype sentiment in the market due to an event or positive news that makes the fundamentals of the altcoin strong enough to remain in a positive trance even though bitcoin is down.

Personally I have quit with investing in altcoin because based on experienced need longer time waiting for altcoin recovering than Bitcoin, actually we can consistent earn profit few percent trough Bitcoin trading because every day change 2% until 5% and difficult find with altcoin can growing up faster than bitcoin. But have weakness when investing in bitcoin with much capital needed than altcoin, we don't worry when investing in Bitcoin because ever drop to $15,000 without few months success recovery and bitcoin back above $30,000 nowadays.

Some moment, altcoin can't growing as faster than bitcoin when price up but many altcoin kinds drop drastically when bitcoin down but not the same up when bitcoin going to higher price.

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

Cryptocurrency has various digital currencies like altcoin,litecoin,cardano,bitcoin,ethereum.e.t.c

There is a very big fault in this your description. Cryptocurrency is made up of bitcoin and others which is called alternative coins (altcoins). So it is not fine to list altcoin as if there is a particular coin called an altcoin.

Quote from: Bruce4 on June 07, 2023, 03:38:33 PM

Bitcoin is fast and easy to use
Bitcoin provides anonymity

Compared to fiat, bitcoin is not fast and not easy to use. You have to set up a wallet and the task of setting up a secured one and learn how to transact.

For anonymity, it is privacy coins that does that. For bitcoin it lies in the hand of the user not to reuse addresses or tie their address to their identity. Also other methods are applied to improve anonymity, such as bitcoin mixing.

Quote from: Rupok on June 25, 2023, 07:07:47 AM

The whole crypto market is driven by bitcoin, if bitcoin is up the whole market is up and vice versa. There are many alts that were launched, make good progress and then vanish with time. Bitcoin is still one of the safest investment in crypto market. If I have to spare some cash for alts then I will make a 80/20 propotion, where 80% reserved for bitcoin. Alts to me are good for short term only, I recently invested in polygon when it was on 1$ and now its gone down to 0.66$. There is no confirmation about alts that whether they will recover or not.

Bitcoin in particular is the main cryptocurrency of all levels. 100% of people who are related to cryptocurrencies like Bitcoin, mostly young people. Because they like Bitcoin not because of the greed of money, but because of the freedom of money. Bitcoin has been in the cryptocurrency market for almost a century and the news of Bitcoin has reached all the countries of the world. Among them, e-Bitcoin is legal in almost all countries, but in other countries, even though it is officially illegal, almost people secretly use Bitcoin. Which I can already prove to myself. The future of Bitcoin is open, Bitcoin is in circulation in all countries. So this Bitcoin in a few more years I see (future) almost the country will be officially adopted. Bitcoin's victory is assured.

Quote from: GeorgeJohn on June 27, 2023, 10:43:14 PM

Actually many people will you like to choose a particular colour that I have a very big potential so that whenever they invest their money in bitcoin they will not have a lose of hope or a loss of confidence for their investment, that is why many people choose to invest in bitcoin that have reputation and potential

Bitcoin is best as an investment asset over the long term - but diversification is good too. No one is going to force us to invest only in bitcoin while we have to ignore the other potential of altcoin. Remember - not everyone is rich in crypto because of bitcoin, but some of them got it on altcoin too.

But so far - I have a higher percentage of bitcoin than altcoin in my investment portfolio. This doesn't mean I don't believe in the potential of altcoin - it's just that I feel more secure with bitcoin in the long term than altcoin. I think it's also good to diversify assets - this is something to consider.

Quote from: usekevin on June 24, 2023, 06:01:54 PM

Yeah, not all are buying but some are only working to earn a Bitcoin. It can be in a sig campaign in the forum, through faucets, etc.. you name it. Also, not all have become rich through Bitcoin. There are lots of ways to achieve it but no doubt Bitcoin is one of the fastest ways. As for the altcoins, where did you get that information?

I think those are only fake. They are only created to fool people to invest on those scam altcoins. Only those who got rich in altcoin are their creators. The price of BTC might be higher now than any altcoin but you forgot that the potential of BTC to pump to a higher level is always at the highest level. It's not about quantity that matters here but it's the quality.

No doubt, Bitcoin has brought nothing but good to our society, the entire societies of the world, bitcoin have indeed changed the way most people see money, through the emergence of bitcoin, alot of jobs have been created, millions of people around the world have achieved financial freedom through bitcoin and other cryptocurrencies..

A testimony as this will never be complete without giving credit to Satoshi Nakamoto, who he is or they are, he or they should always take the credit for this wonderful innovative, I wonder if really any of us will be here today if he or they hadn't come up with the bitcoin and crypto currency idea.

Unless for those that were like me (by starting first with Altcoins, but some never stoped altcoining) when I started my cryto journey. Some people with whom I started this crypto journey are still mostly relying on altcoins compared to Bitcoin. The reason is that they see Bitcoin as being too expensive compared to some altcoins, where they can just buy a thousand of them for like $10 and keep daydreaming about how that little investment will turn into a 1000x profit. The truth is that it's better to live in reality than to keep daydreaming that some $20 altcoin investment can yield $20,000 in just a few years or months. When I started this Cryptocurrency journey, it was not initially with Bitcoin, but along the way, Bitcoin became my primary cryptocurrency. Bitcoin is the king of the space and will always be :-*:-*.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Quote from: cute nmp on June 30, 2023, 07:34:12 PM

My favorite crypto will always be Tron,it has a very low transaction fees and it usually not much affected by the crypto-market fluctuations.Most of my funds in Crypto are stored either in usdt or in tron

Are you pretty sure that Bitcoin doesn't come before Tron for you? I mean, all these altcoins exist mainly because of Bitcoin, if there was no Bitcoin created, there wouldn't be any altcoins, so no Bitcoin = no Tron. Any altcoin must definitely be a second choice for everyone in the cryptocurrency universe unless they don't know much about Bitcoin and they have joined the cryptocurrency world only by hearing about that specific altcoin they like the most.

Even if we talk about profitability and the risk-reward ratio, Bitcoin stands out tall among the crowd of all the cryptocurrencies that exist, because there isn't much risk when you are holding Bitcoin because you know it won't just face some issue or the team might be spending users' money and the project might fail miserably and investors lose everything. I say that because it has happened on several occasions with famous altcoins.

Although first in crypto most people are more interested in investing in altcoins than Bitcoin. When I first started my investment journey I started with Altcoin and at that point became more confident in only Altcoin. There are many people who are more confident to invest in altcoin because it is expensive but never can trust altcoin for long time. There are many altcoins that are most likely to become scams in the future and investors lose a lot of money. But a wise investor will never make such a mistake, he will always be dependent on Bitcoin. Because Bitcoin will not have expensive profit in short time but it is possible to make good profit from it in future. And if you invest in bitcoin there is no risk but you will get good profit in future there is no chance of scam. So my most favorite coin is bitcoin which I prefer most and i choose bitcoin for investment.

Quote from: greengrassis on July 02, 2023, 08:08:52 PM

I think that 80 percent of the answers will be in favor of bitcoin. Everything is quite simple, because most of them have experience with bitcoin. So it looks pretty obvious.

It seems that everyones investment experiences and personal thoughts determine their choices. Still when we observe, we see that many people invest in Bitcoin. And when Gary Gensler mentioned that Bitcoin there is only one currency that can be considered a commodity, it solidified Bitcoin as my favorite investmant. I would just like to say that Bitcoin is not suitable for short-term trading it is more suitable for long-term trading. In terms of profitability, Bitcoin offers significant returns with relatively low risks.

Quote from: Compromise me on July 04, 2023, 09:14:58 AM

Quote from: greengrassis on July 02, 2023, 08:08:52 PM

I think that 80 percent of the answers will be in favor of bitcoin. Everything is quite simple, because most of them have experience with bitcoin. So it looks pretty obvious.

Bitcoin is indeed a favorite coin for many people and there is no doubt about it,
Bitcoin is one of the safest investments for the long term,
with low risk clearly Bitcoin is very feasible for the long term.

Quote from: judaspriest on July 04, 2023, 10:26:58 AM

Quote from: Compromise me on July 04, 2023, 09:14:58 AM

Quote from: greengrassis on July 02, 2023, 08:08:52 PM

I think that 80 percent of the answers will be in favor of bitcoin. Everything is quite simple, because most of them have experience with bitcoin. So it looks pretty obvious.

in crypto indeed bitcoin is the most favorite to invest. there are some things we need to understand about bitcoin. with the highest level of trust and the highest market capitulation makes bitcoin the most secure coin in cryptocurrency. therefore bitcoin provides the smallest level of risk, even though it experiences a dump, but we are sure that one day it will fly beyond its previous price along with an increase in the number of investors. therefore many people invest as long as they have cold money, so they don't focus too much on analysis, because whatever the price, we are sure that it will make a profit later

Quote from: greengrassis on July 02, 2023, 08:08:52 PM

I think that 80 percent of the answers will be in favor of bitcoin. Everything is quite simple, because most of them have experience with bitcoin. So it looks pretty obvious.

Thats true And not only because they use bitcoins. but so far only Bitcoin has adopted a truly decentralized system. while others are just being decentralized as a facade because in reality the others are majority remain centralized.

And lovers of decentralization, of course, all of them will understand the importance of bitcoin and it's only natural that everyone will favor Bitcoin. including me personally in this case which also favors Bitcoin.

Quote from: Bitcoin_people on July 04, 2023, 08:05:37 AM

It is good for us to have a portfolio of Bitcoin and other altcoins for us to make some diverse profits from the market. Bitcoin is one of the major coins in the market that if we invest in it and the market goes bullish, we are not going to make loses from our investment.

Those who had been Bitcoin investors from the start can attest to this that we can make crazy profits from the market if we have the patience to wait and hold our coins for as long as possible for us to make the kind of profits we are looking for. Investment is all about diversifying our holdings not just holding a single coin believing that we are going to make the kind of profits that we are looking for.

Bitcoin is quite a trusted and strong project that we need to hold in the market for as long as the cryptocurrency market exist. What we need to do as a trader or investor is for us to buy and hold or to trade any Bitcoin pairs that we want to make the kind of profits we intended to make. One of the task we need to take is to make sure that we scrutinize the market well before making any financial decisions about any trading pairs we want to trade so that we are not going to make loses.

Quote from: Pucca008 on July 17, 2023, 11:43:40 AM

My favorite crypto coin is $SHMU based on its fast popularity and roadmap, check it out for you to see and believe. https://shibamemu.com/

That is literally a meme coin, I wonder how people can have meme coins as their favorite cryptocurrency, that to the ones which haven't even got any popularity or gained any significant success and community hype, these coins are nothing more than clones and scams, they are created for the sole purpose of getting some money through investments that people make on them only with the hope that they might become millionaires.

And to be precise, only a few people manage to gain very high returns on these meme coins if they manage to get some value due to the hype they get from the community, those who miss the train, in the beginning, can never be able to get anything out of their meme coin investments.

Quote from: doomloop on July 18, 2023, 04:14:30 PM

And to be precise, only a few people manage to gain very high returns on these meme coins if they manage to get some value due to the hype they get from the community, those who miss the train, in the beginning, can never be able to get anything out of their meme coin investments.

Mostly, these people are missing the train. They're buying during the hype and it don't last long then that's the time they're being left behind.

Lucky those that are always making that much with the meme coins but it's not for everybody. Just like OP praised Bitcoin, there's a room for the majority to get into it.

It's newbie friendly but that doesn't mean you don't need to study it first before investing, you still have to.

Bitcoin Forum

Economy => Trading Discussion => Topic started by: Bruce4 on June 07, 2023, 03:38:33 PM