Bitcoin Forum

A lot of us are aware of the ideology Bitcoin maximalism. To put it short, a bitcoin maximalist believes that bitcoin is the one and only crypto needed. A bitcoin maximalist believes that bitcoin will be the only crypto to give you significant profit and the one that is the most useful in the real world.

Some of the prominent bitcoin maximalists are Michael Saylor, Max Keiser, and Jack Dorsey.

As the original crypto, bitcoin’s blockchain is the longest (it stores the most blocks of transactions), making it harder and more expensive to hack.  (https://coinshares.com/corp/insights/knowledge/the-debate-on-bitcoin-maximalism-exploring-arguments-for-and-against/)Bitcoin's originality also plays a huge benefit since it is now the most trusted crypto in the industry. A lot of people associate crypto with just bitcoin. Bitcoin has built a brand of its own. Most importantly, it grew without any real authority hovering over it. The growth of bitcoin laid on the people believing in it. Now, bitcoin is being adapted all over the world not just by your average citizens but governments at large.

Bitcoin might be the best cryptocurrency but should we play into the bitcoin maximalist idea? A lot of people argue that this is harmful as this closes off innovation. Altcoins may not share bitcoin’s track record, but they’re responsible for the majority of the innovation in the crypto space over the last nine years (https://coinshares.com/corp/insights/knowledge/the-debate-on-bitcoin-maximalism-exploring-arguments-for-and-against/). Altcoins are responsible for experimenting new tech, new networks and etc. Some of which could be even applied to bitcoin, yes?

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Personally, I believe that most of your portfolio should contain bitcoin but choosing a few good altcoins can't be all too bad. There could still profit in altcoins but we may just have to tread lightly. Would you consider yourself a bitcoin maximalist? Do you believe this idea to be the correct one? Is there even a correct ideology or should we just accept that we all have different strategies, preferences and goals while coexisting in the crypto industry?

If you are a bitcoin maximalist, would you want a world without altcoins?

There's no good or bad in it. Just personal belief
And yes I believe Bitcoin is currently the only true cryptocurrency
And maybe monero for is privacy.
No they don't believe Bitcoin is the only one that would give you profit
They believe others are glorified scam and Would fade among their fellow trash in the future.
The issue isn't on profit

and also New Rugpulls.
I don't hate altcoin or people holding it perse
I just personally consider it too risky and their supposed usecase has never ticked mY interest.



My biased POV.

I would say the same too...for sure if you are a maximalist you have done extend research on the matter and you have at least an "exposition" on this coin (likewise you have a work on this field or you're just saving on bitcoin).
Otherwise it would be something non sense being a "maximalist" and not invest heavily on the technology.
Sometimes some of these people seems more fanatics. But if you know well waht is bitcoin and what is important NOW what's going on you can easily understand that this "passion" or literally love is not baseless. even if you will not become "economic rich" with this invention you could still enjoy many advantage that are literally priceless!

If you're a lover of bitcoin, then you're a bitcoin maximalist, because you can adopt for its use, invest and make profits from it, this is because you understand more about the network and are willing to make every single opportunity being taken with utmost advantage.


Yes because they are not part of the initial plan for cryptocurrency, it was later after bitcoin that they begin to pop in and continue to cause some of the disturbances we now see in crypto.

This topic has been discussed before here
https://bitcointalk.org/index.php?topic=5505820.0, but it's more than 120 days old, so creating a new one is valid.

In as much as Bitcoin tops the race in the crypto industry, it surely isn't the only valid coin, it's core features and functions does not match every activity in the crypto space, hence the need to coexist with other useful altcoins.

For example, Ethereum is used for smart contracts, Dapps e.t.c. SUI network is coming up in that regard too Solana had it's features too different from Bitcoin, so I think being a Bitcoin maximalist in thinking and actions is a wrong thing.

Personally, I have investments in other altcoins, but a very small portion since their core features doesn't make them a store of value unlike Bitcoin which I hold almost 90% of my crypto investments

What you want and what you have to live with are different and the world is big enough to nullify your wanted scenarios.

Like Bitcoin maximalists possibly hope that Bitcoin will completely replace fiat currencies, CBDCs in future and will be an altcoin killer in a future without altcoins. The fact is painful for them, as the world and societies will continue with existence of fiat currencies, CBDCs, and altcoins together with Bitcoin. None of those things will completely disappear over the globe no matter what Bitcoin maximalists want.

Altcoins are very scam with their promises and what they can achieve practically, but if you are experienced, you can take advantage of altcoin seasons to enrich your Bitcoin portfolio, and I see it is good enough.

Exactly because they won't came to the point to became a Bitcoin maximalist if they didn't do a research and also learned already from their past mistake made from their investment done with multiple alts before.

We cannot erase some facts that there are fanatics which just ride the fame and think about they are Bitcoin maximalist while its not especially if they are still investing on shitcoins. Usually they easily got exposed if there's a sudden bearish condition since of most them got easily panic then sell their holdings and think about that better to dump rather than getting nothing. If they know the importance of Bitcoin for sure they would think about those future development that will happen and ignore those short term disturbances.

Ideally yes, but since bitcoin is so valuable, it will surely coexist with other forms of payment that if they are not altcoins will be some forms of fiat, so whatever. Being a maximalist I don't have shitcoins, but I do have fiat to spend, and likewise if all payments were to go digital and with cryptocurrencies I suppose I would pay for coffees with some shitcoin.

I have to disagree if Bitcoin can bring more profit than altcoins, even though in my experience, I made most from Bitcoin. It's either I'm not lucky or using Bitcoin's mindset for holding to long, so whenever my altcoins is rising, I don't sell it immediately.

Yeah I agree becoming Bitcoin maximalist is high likely will reject any new innovation and improvement.

Rather than to be Bitcoin maximalist, better to be decentralization maximalist.

First of all I don’t go against having Altcoins but never as ones investment, moreover the true question is if i decide to actually add Altcoins to my portfolio, what Altcoins should I add? I know lots of people will come with their own different Altcoins and there by making me spread my money into most of which would never yield any results so for me the best thing is to treat bitcoin as your only investment and probably trader Altcoins if you wish but it is definitely a gamble.

As a bitcoin maximalist I wouldn’t say bitcoin should exist alone, because bitcoin it self actually promotes freedom and is actually an alternative to everything in the financial world, my only problem is bitcoin having to be associated with Altcoins because I believe it is very far different from them


I can confidently say bitcoin is the only coin promised of profit and over a long  timeframe it brings more profits that any other Altcoins. People actually get this idea that more profits are in Altcoins which I don’t disagree like that but my defense is usually which Altcoins and how do I spot them, I can categorically tell you that many people lost money on Altcoins before they can catch one good move. And over a long time Altcoins die off after the hype

Good. The advice about not keeping your eggs all in one basket is wrong. Is it better to have all your eggs in the best and most secure basket possible, or to distribute some of them away into cheap and fragile baskets? As long as you know what you are doing and what the risks are of this strategy then you can proceed accordingly. A lot of people made mistakes by acting smart and being gullible.

• Put all your money into 1 altcoin, which led to catastrophe.
• Split all your money across several altcoins, all of which suffered.

Maximalism is pretty good if you pick the right asset, but that is the difficult part of it.  :) If you pick weak or risky things then this strategy is bad.

its not about blind admiration of one coin
its not about wanting only the existence of one coin

its about recognising the strongest of all the coins aswell as recognising when others are trying to manipulate it, to try to preserve it from such manipulations and controlling parties with ulterior motives

also bitcoin should remain the strongest to hedge against crap coins and fiat
other coins are called crap coins for multiple reasons, such as:
pre-mined ICO scams
lack of utility play, and just gambling play
zero minting cost leading to zero bottom value

bitcoin maximalism is not about wanting a one world currency. its about wanting bitcoin to remain the strongest hedge against the other crap currencies, and not become one of them, wanting the best for bitcoin

Yes, that is exactly it. They keep coming with new zero utility coins, and often even speak of it as the next Bitcoin. All of this is designed to trick people to buy those instead of the valuable one, Bitcoin. If we look at the price charts between Bitcoin and old altcoins, it tells a bad story. Those who bought the alts, are much worse off than those who bought Bitcoin instead.

If you're a knowledgeable lover of bitcoin, then you are aware of the fact there are many things which currently cannot be done with BTC, for example, advanced smart contracts and many of the great features of Chainlink - including effective communication with SQL databases! Who can show a "maximalist" solution with an entire list of currently missing BTC features?

People say what they want and do what they want. Being a Bitcoin maximalist is no big deal in the sense that same way people are provocative towards Bitcoin, one can also be entitled to having Bitcoin as the only asset they want to hold, everything is based on how you see one over the others, other reason why investors becomes highly Bitcoin maximalist is due to probably misfortunes they've had with doing cryptocurrency aside Bitcoin, one bad experience is enough to make anyone hate the idea of investing in anything aside from Bitcoin.

Personal choice matters, don't try to sweep another from his perspective. Who cares about a maximalist if others are not getting equally what they want for themselves. Bitcoin vs Altcoin, to the core i take Bitcoin and dump Altcoin, but let's not forget that also people have made huge gains from Altcoins and it has become there favorites.

 

Bitcoin is the only digital asset worth investing in.

Everything else is a pump and dump Ponzi scam with creators
who give crypto a bad name and should be in prison IMO.

I've been a bitcoin maxi for how many years and just tried to dive into the world of alts. I would say that I shouldn't have done that but I am already here and trying to regain my losses after selling early and also diversifying into various altcoins. If we can just have Bitcoin entirely, it's better. Think of all of the money that are flowing into altcoins will be flowing to Bitcoin all at once, the market cap will be greater and the price of it will be higher and that's why for me, if we're into Bitcoin that's what I am thinking right now. And those that are playing fire with the alts of their choice, it's your decision but if you can steer it, stay on BTC.

I can agree with you since it's the only one which is cute principles dollars that it's a store of value and a hedge against inflation and Fiat depreciation. I believe the attitude towards each coin should be referenced upon it's core values.

Meme coins are the worst, I don't even look in that direction since I've not got no funds to lose in that dirty game. Bitcoin is the strongest and the best, so whenever I'm ready to invest my money into cryptocurrency, I always turn to Bitcoin.

To me, this could be considered one of the downsides of being a bitcoin maximalist. Being a bitcoin maximalist makes us closed-minded and inflexible. That means we will tend to reject new ideas or any new changes, and this will hinder the growth of the crypto industry.


I don't deny that crypto is full of scams and most of them are related to altcoins, but you know scams happen because of human greed. As long as human greed exists, scams will never go away, even without altcoins. They will also find other ways or create scam projects labeled as bitcoin or use bitcoin as a tool to scam people.

So instead of just blaming altcoins and scammers, blame yourself for not being able to control your greed. I bet you that if you are not greedy, do not want to get rich quick, know how to control your greed then you will never be cheated.

Yes. In addition, people should also accept that few cryptocurrency have different strength and weakness compared with Bitcoin. I use term "few" since most cryptocurrency is just copy-paste without bringing new strength or uniqueness.

There are "few" altcoins with strength or advantage against Bitcoin but if you want a decentralized and most secure blockchain to use, it's Bitcoin blockchain. If you want best safety for your fund, it's Bitcoin blockchain. It's easy decision if you can afford to pay more expensive transaction fee with Bitcoin blockchain, though it costs a little bit more, I think it is acceptable and worth to pay.

https://howmanyconfs.com/

If we look at Altcoin, they do not give us the profit and growth and good exchange that we get in the world of Bitcoin and you are also saying the same because this is the one coin that has done the most advance work compared to other coins. Due to which it is considered the best and most successful coin. Whoever has money to invest in Bitcoin will also collect money for the exchange without saying anything because he will have done good and best work in Bitcoin. It is really expensive but it is easy for those who have it because they have acquired it for a long time and so far they are in profit.

If altcoins are profitable, then from an investor's perspective I don't see anything wrong with buying a little bit of it.

I would like to consider myself a BTC-maximalist, but I probably am not one to the fullest extent. I think that this is even good, because maximalism somewhat obscures the mind, not allowing one to see the full picture due to the glorification of only bitcoin.

It seems to me that instead of maximalism there should be realism, in order to soberly evaluate the bitcoin, and not blindly “idolize”.

The question of the correctness of ideology is a philosophical question.

Well, of course, each participant in the cryptomarket has its own goals and strategies.

A world without altcoins is no longer possible. Even among traditional money, there have always been different coins (from different countries), and not just one for the whole world.

I don't think every lover of Bitcoin is a maximalist from what Op explained as the meaning of maximalism and maximalist perse. Maximalism have no single regards for altcoins, they see Bitcoin as one and only way to maximize profit from digital assets. A good number of us here believe in Bitcoin but still interact with altcoins despite the high risks they posses. Going by the definition of maximalism, we are lover of Bitcoin but not absolutely maximalist.


Yes, this is the fact. Individual preference, strategy and goals play a vital role here. Moreover, having a little altcoins in your portfolio will not demean Bitcoin. To some, the combination of the two is the best practice as putting all eggs in the same basket is too risky.

If we talk about what is right and what is wrong, or what is truth and what is false, it is quite difficult to come to a consensus, since we are all different and there is no single dogma, but only opinions. Bitcoin maximalists do not recognize altcoins; they are against fiat. For some, this behavior seems similar to religion, but we must all agree that everyone has the right to their own opinion and their own choice. I think that everything should exist in the world that does not threaten the existence of another, and people should be given freedom of choice, since excessive pressure often causes resistance. If someone wants to prove their point of view about the necessity and importance of their faith, then this should happen slowly and without harming the space of something else.

To my mind, maximalism is equal to being brainwashed because nothing is perfect and there is always a room for more. Being a Bitcoin maximalist means that you fully support Bitcoin and see no flaws into it, which is a huge mistake because there are flaws and they are a lot. If we pretend that there aren't, then the project will fail. There are things that altcoins do better and there are things that Bitcoin does better. The huge positive thing that we have is that the code is flexible and can always be changed, this fact alone should be a motivator for everyone to not be a maxi and be critical since there is the possibility of change by simple writing the code.
I love to see pros and cons in everything, I never fully support anything.

With evidence, we can tell that some altcoins projects has scammed so many investors and has caused a bad name for Bitcoin already, the reason why some people say Bitcoin is a scam is because of how they have been scammed by some altcoins or maybe their friends was the one that was scammed. So, a Bitcoin maximalist would rather prefer that altcoins never existed, perhaps he doesn't have anything to do with it.

At this point, I don't really care if altcoins exist or not, I have nothing to lose.

Altcoins give the crypto industry a bad reputation, but they shouldn't be blamed entirely . Bitcoin has been considered a scam since the early days when altcoins were not yet available and there are many reasons why people think bitcoin is a scam. For example , bitcoin was so new or in its early days, bitcoin was mainly used in online black markets like Silk Road or casinos. The collapse of Mt.gox or the lack of a legal framework are also reasons why many people have the misconception that bitcoin is a scam.

Also , not all altcoins are scams or bad .  Many altcoins have been around for a long time and contributed hundreds of billions of dollars in capitalization to help the crypto industry grow, such as ETH, Doge, LTC...we should not  deny their contributions.

They are not going away as long as there is money to be scammed. Sadly also people are not getting educated fast enough on the scams, so many people still listen to marketing hype.

This is just wrong. altcoins are entirely and solely at fault. Bitcoin has not scammed anyone, while countless altcoin projects have scammed people. You can't compare the collapse or hack of a platform with the scam of the coin itself, that is just dumb. Meaning, all the bad reputation comes from altcoins.

I think becoming Bitcoin maximalist is good if you're an investor, you can't go wrong if you buy Bitcoin at any time since you will be profit in the end.

But if you're a developer or like to learn technology, becoming Bitcoin maximalist is bad because you're avoid to learn the new technology. Yeah it's might be centralized or less decentralized, but you gotta learn because that's a job for developer, invent new thing.

Yeah I have the same believe too that bitcoin is one and only crypto needed and bitcoin is the only coin that can give us significant profits and the one that is most useful in real world. the reason why am having same believe is because bitcoin is the only coin that has proven to be a store value with potential returns, remember we are all in crypto space to make money and bitcoin is the only coin that have given us reasonable profits, when you buy and hold for a long term. And Secondly bitcoin is the most adopted coin all over the world, countries, cooperate entities and individuals are now buying bitcoin that's to tell you that bitcoin is the most useful coin in real life.


you have to understand this one thing that we all have different strategies, preferences and goals while coexisting in the crypto space, everyone in crypto space have their own purpose and target of coming into the crypto space, remember some of us are here to invest in other to save up for our retirement which we are not in a hurry to take profits, advicing this kind of people to hold bitcoin and also hold some shitcoins in their portfolio is not a good advice, because shitcoins are no store of value with potential returns like bitcoin, shitcoins are not wart holding in our portfolio. While in other hand there are people who are in the space to make quick money through trading those are that should be dealing with shitcoins.

agree that while Bitcoin is clearly the strongest and most secure network, dismissing every altcoin as a scam or useless experiment overlooks the valuable role of experimentation in a decentralized ecosystem. Not every altcoin is worth holding, but some have pushed boundaries—like privacy tech (Monero, Zcash), smart contracts (Ethereum), and scalability models.

That said, I think the difference lies in what you’re optimizing for. Bitcoin maximizes for security, decentralization, and monetary soundness. Most altcoins prioritize features or speed—sometimes at the cost of centralization or long-term reliability.

Personally, I hold Bitcoin as my base layer of trust and long-term store of value. I view altcoins like beta versions of ideas—some will fail, a few might influence future Bitcoin upgrades (after scrutiny), and others are just noise.

You’re also right that we shouldn't turn this into a tribal war. The crypto space is big enough for different approaches—but the key is knowing what role each asset plays and not treating them all as equals.

Curious: what altcoin do you think has made the most meaningful technical contribution to the space so far?

There is nothing wrong to check out or use these altcoins with advantages over bitcoin. Like said, this is acceptance of innovation. If there are projects that could make good innovation then why shut them out? It can help you pick out the details that make a project good or bad. Diversifying is another reason why this should be acceptable. In case of certain situations, you can feel safe you still have some of your money intact.

If you can afford to purchase maximum amount of bitcoin and be a maximalist in the process, why not? This is everyone’s dream and goal. However, I don’t see this good nor bad, it all depends on the buyer preference. If he can both invest on bitcoin and altcoins, no problem with that, at least he will gain multiple profits if ever both altcoins and bitcoin will come to succeed and give profits.

But personally, I would love to focus on bitcoin and be a maximalist. However, I’m aware as well that the more you  accumulate bitcoin, the more risky it is for you especially if you aim to gain long term success and profits.

I think for this case when we talk about maximalism even though we stay in bitcoin but that doesn't mean we rule out altcoins because after all even though we are not there, altcoins still have an impact as a driver for bitcoin even though in the end this is only as a push from the external not from the internal because at least with altcoins bitcoin is still considered a king and of course there must be those under it as a form of support.
I feel that when talking about bitcoin maximalists are those who will continue to consider bitcoin valuable and are fully in bitcoin but that does not mean they do not consider altcoins even though they are not in it, not that they don't like it but our focus is only on bitcoin and let others be in altcoin.

It all boils down to a goal and I think it comes back to ourselves in the end. I'm not in altcoins for now but that doesn't mean I don't think they're bad because obviously it's a choice whether we're going to be there or not.

There was a thread some years ago (2017) about that started by this forum's administrator, and I think his list from back then still "holds", because not that much has changed in the altcoin world since then:

Theymos's list of altcoins with some technical merit (https://bitcointalk.org/index.php?topic=2095328.0)

The highest rated was Monero, followed by Ethereum and Zcash, and IOTA (which had a lot of hype at that time because it doesn't use a traditional blockchain but a DAG) was mentioned but theymos didn't believe it had much merit back them, and it seems he was right -- IOTA never managed to work in a decentralized setting.

Since then, I think Grin can be mentioned, which has a novel privacy concept. Ethereum's switch to PoS instead wasn't new at that time, and since Ethereum's PoS is based on a concept from the year .... 1999 (!) (this paper (http://pmg.csail.mit.edu/papers/osdi99.pdf)) it cannot really be considered innovative.

Ordinals, Runes and so on have practically zero innovation. Solana? Buys transaction capacity with astronomic requirements for full nodes (it's like an "Ethereum SV" haha).

But on the other hand, on Bitcoin a lot of innovation occurred too, mostly the Taproot upgrade and second layer technologies. An awesome new development many don't know is BitVM.

In the case of second layers, Ethereum rollups were also quite "innovative" in some senses, but as far as I know none of them has still proven it can be safe in a completely decentralized setting. The founding teams have often still some control, e.g. via a majority of PoS tokens they control or some kind of "panic button".


For the reasons already listed above I'm not sure if I really would agree to the assumption that most of the innovation happened in the altcoin space. Some innovation occurred, but I think less than some think.

Maximalists create a strong community to increase Bitcoin adoption and value. This can strengthen Bitcoin’s network effect and drive more people to Bitcoin. So we can safely say that these people are beneficial to the Bitcoin ecosystem. If I were a Bitcoin maximalist, I would probably prefer a world without altcoins, because that would solidify Bitcoin’s dominance as a global store of value and payment system.

However, from a realistic perspective, the existence of altcoins enriches the crypto ecosystem by bringing competition and innovation. The existence of altcoins makes Bitcoin more valuable, while there are so many shitty altcoins, the real gold token, Bitcoin, proves its value.

You are right - it is a fact. Many altcoins do not bring anything new, most of them are almost the same. The actual use cases may be different, but on average it is the same. Bitcoin, altcoins and fiat will coexist, each with its own uses and advantages and disadvantages. I can't be a maximalist to one of them because so far I have all three for different needs.

But i almost see of most of them are toxic and just like those old dinosaurs in the government, don't want broader innovation where most altcoins can offer those kind of innovations, privacy focused like monero, broader smart contracts like ETH, faster confirmation time just like XRP. While its true bitcoin has the upper hand in decentralization and network security, some altcoins have those features Bitcoin doesn't have or implemented.
Just like that, its not all about Bitcoin, but it's thanks to Bitcoin for this developments and innovations.

Everything has its pros and cons, nothing is absolutely perfect and there are no exceptions.

The more bitcoin maximalists there are, the better it is for the bitcoin ecosystem in particular, but it is detrimental to the entire global cryptocurrency industry. Because these people only know bitcoin and are willing to reject or hinder innovation from other projects while crypto includes bitcoin and altcoins, this is not just the bitcoin world.

Don't forget that we have complained and condemned governments for being slow to adopt cryptocurrencies and that is also a consequence of maximalism when they have conservative, stubborn views. So I don't advocate being a bitcoin maximalist.

Is any kind of maximalism good? I think maximalism is an extreme. It represents closed-mindedness and limited view. If you are a maximalist you are probably not appreciating alternatives.

In crypto, maximalism might hinder growth and development. People who seem to stick to one thing whatever happens might perceive progress as a deviation from the original. They might consider this progress as a kind of betrayal or disrespect to what came first. How can we move forward with this kind of religious obsession? We are like fanatics with this attitude.

Whatever it is called, for me who has Bitcoin then he is a person who is planning something good for his future with the Bitcoin he has.
I am also a person who wishes to become a large holder of Bitcoin and has no thought that Altcoin does not exist because it is the right of anyone who wants to give birth to his work in the crypto space. One of my thoughts about altcoins is that people can compare which one is better.

Bitcoin is obviously the best decentralized cryptocurrency out there and I support it more than anything else but it is also not wise to ignore the other projects completely. Some of these alts are actually unique. Monero for example. It is the OG privacy coin and when privacy is desired, Bitcoin can’t compete with it. Should I dislike monero and pretend it doesn’t exist? Would that be wise? Monero solves a real world problem just like btc does.

So no, while I accept that btc is superior to many alts out there, maximalism is not a very healthy mindset to have.

That is not true. A memecoin can give you way bigger profits, but memecoins suck and I wouldn't recommend investing in memecoins(unless you want to gamble). The profits don't matter. What matters the most is the blockchain behind Bitcoin and the trust around Bitcoin.
The statement that altcoins are responsible for most of the innovations in the crypto world is partially true. If you consider ICOs, NFTs, smart contracts and Proof-of-Stake as an innovation, that's your problem. ;D I don't consider those "innovations" to be particularly useful(maybe except smart contracts). I don't consider myself to be a Bitcoin maximalist. I don't mind the existence of altcoins. Competition is good for the market.

Yes, Bitcoin is the best Cryptocurrency ever, some of the names you mentioned above have gained huge profits from Bitcoin investment and will continue to accumulate most of the Bitcoins till now. In general, Bitcoin maximalism has both good and bad arguments depending on where each individual's beliefs position themselves. When measured in a broader perspective, Bitcoin has the largest and most decentralized network, making it safer than other cryptocurrencies, which is why some people who have achieved financial freedom trust Bitcoin more as a hedge asset in the future.

Bitcoin is the only cryptocurrency worth having based on its community having a strong and active base that can promote adoption and sustainable development. If you can see other profitable assets in assets other than Bitcoin, then it can be an alternative to increase wealth value.

I also believe that most of my portfolio contain Bitcoin but I have some altcoins that I think that can give more profit. I don't know what it is call but I am only a Bitcoin holder which hodl Bitcoin for a long term.

I don't just need Bitcoin but I also need altcoin to help me gain my profit because I don't close my eyes for more opportunities to have more profit. Altcoin can do that while I used Bitcoin for my long term investment.

No matter what the innovation will be, it will be back to Bitcoin and used Bitcoin as a long term investment. They search for more opportunities to make a profit and used that profit to buy Bitcoin as their investment.

It's amusing how Michael Saylor gets mentioned as a Bitcoin maximalist this day. Those who didn't know his antecedence wouldn't know he was a big critic of Bitcoin in the past. Anyway, they say the only constant thing in life is change. He's now a repented ambassador for the same thing he condemned a few years ago.

Variety is the spice of life. I think those who class themselves as maximalist are getting it all wrong. It's the same way some people say they're feminist but would need a man's help when it gets tough. I don't believe in extremism. Moderation is key in everything we do in life. Bitcoin may have started this industry but it hasn't advanced it the way an alt like ETH has done.

Those who have good knowledge about Bitcoin will definitely know about the potential of Bitcoin and will be able to predict the position Bitcoin will reach in the future. Bitcoin investment is a great opportunity to become wealthy at the present time. This is because no other asset or investment is able to give such good profits as quickly as Bitcoin.

However, not everyone wants to believe in such potential of Bitcoin or many are still afraid to invest in Bitcoin. However, as Bitcoin adoption is increasing rapidly and people's positivity towards Bitcoin is increasing, Bitcoin's ATH is increasing more and more and it will reach a level that we cannot even imagine.

If you don't care anything about blockchain security, transaction security and only care about profit, Bitcoin is still your best choice.

All cryptocurrencies have bull and bear markets but Bitcoin is unique as after each market cycle with bull and bear months, it will make new higher bottoms and new higher ATHs. Altcoins are different and opposite with Bitcoin, as many altcoins make lower lows, deeper bottoms and end with deaths.

With Bitcoin, you don't have to worry about accuracy of your entry price because with its strong survivalability in this market, if you can hold your bitcoin even you bought at ATH of a previous market cycle, you can still exit with a draw or profit in a next market cycle. You can not have it with most of altcoins and even lose all money when an altcoin project dies.

https://charts.bitbo.io/yearly-candles/

I don't buy into the Bitcoin maximalist idea. I understand that bitcoin is the best cryptocurrency by a continent mile, but I don't believe in a world where there is only bitcoin. Now, I believe that without altcoin, if bitcoin bitcoin was the cryptocurrency, it would have been bigger than it is today, but that doesn't mean I want a world where bitcoin will be the only crypto. If the dollar was the only fiat currency, it will be bigger than it is today, but that doesn't mean I want the dollar to be the only fiat currency in the world.

What I believe is that there should be a regulation to altcoins. There should be criteries and things that should be me before a coin can be launched. That way, the market won't be flooded with thrash.
People are free to choose what they want. There is a demand for altcoins and that is why they're still here, the once that have no demand have withered away even though there was a supply. As for me, I have demand for bitcoin alone.

Now is the time when we see that altcoins are as weak as possible. Everyone was waiting for the altcoin season, but in reality it turned out that nothing happened and there were many more Bitcoin maximalists, because everyone saw that Bitcoin is the true Digital gold, needed by everyone and stable from hacks, and all other coins are just an accompanying phenomenon.
It is certain that due to the speculative nature of the market, altcoins will be pumped up more than once in the future, but only Bitcoin will have the ability to constantly grow in price.

Yes, good example. Monero is a very different kind of coin to bitcoin. I do not think most who use monero are in it for profit the way some people buy and hold bitcoin. Those who use monero are people who value and prioritize privacy and while bitcoin offers some privacy a lot of people use it mainly for profit and the convenience of making transactions from and to all over the world.

I believe in POW.

So I like sha-256 specifically BTC
and I like scrypt both LTC and Doge

We do not need 10,000 alts and they hurt crypto in general

We do need a few coins other than BTC

For the most part I am not a fan of bitcoin maximalists

I mine 30 k-watts of gear an hour.

27kwatts on btc
 3kwatts on ltc/doge

But that is the truth. Bitcoin maximalists work with facts and knowledge, not with ignorance like some people who think a particular altcoin is the best to invest in and trade. Bitcoin is better than all cryptocurrencies when we talk about reliability, security, value, and in every other aspect. Maximalists do not invest in Bitcoin blindly, and what they know about Bitcoin is based on facts, not ignorance. No real maximalist regrets their decision to invest in Bitcoin; they always take good advantage of the value in Bitcoin. It is a privilege for anyone to be a Bitcoin maximalist, and it is not a wrong path to take.

Bitcoin is of course the best, most reliable and longest lasting. But can we predict what we will see 10 years from now? Maybe we will see something more popular, more functional than bitcoin.
My personal opinion is that bitcoin will always remain number 1. But one day things may change, technology is developing and the world is changing. So we always have to be prepared for everything.

altcoin investment should always be done, I don't think it's right to invest only in bitcoin :)

Bitcoin maximalists will not use any altcoins to transact or fiat - they will definitely prioritize using bitcoin in everything. Bitcoin transaction fees are sometimes not profitable for users - that's why some people choose altcoins to transact, but they are not bitcoin maximalists.

Let's be honest - I'm not a bitcoin maximalist, that's because I still need fiat and altcoins in most cases.

It's not going to stop anybody from developing anything. You're overestimating maximalists here.

I see a lot of good in their thinking. They see how many people fall victim to scams and want to protect them. What people like Saylor are trying to tell you is that if you have a million dollars in the bank and want to invest it, many people will try to invite you into their schemes. If they're into Doge, they will tell you to buy doge, while people who love XRP will tell you to get XRP and you'll try to balance your investments between them not to miss out on any opportunity. That's a mistake because at least 50% of all altcoins are made to be scams, or become scams somewhere along the way. For instance IMHO Trump  and Melania coins were made to be scams, while Terra Luna wasn't but ended up being a scam.

Why risk your money when you can safely park it in bitcoin?

I never considered to become a bitcoin maxinalist.  While it's true that it's the most safest asset to invest into crypto, I'm aiming for more profit potential so I hold larger percentage of altcoins than bitcoin in my portfolio.


There is no right or wrong ideology in investing. Each one of us have different risk appetite. Some investors are aggresive and willing to dive into high-risk, high reward cryptocurrencies while there are others who prefers safe investments and only want to invest into crypto that is proven to be trusted over the years.


Altcoins is still needed for innovation of the blockchain technology. They are being created for different purposes like gaming, ai, rwa, and many more utilities.

Yes, it is now true, but who could have expected that everything would turn out this way? It used to be that altcoins were trying to improve the overall contribution to the speed and reliability of transactions, and no one was sure that altcoins would not be able to displace Bitcoin. Remember Bitcoin Cash, some allowed themselves the scary thought that it would displace Bitcoin.
But in fact, it turned out that only those who initially believed in Bitcoin and did not let their faith waver are now in the winners. Yes, some altcoins at one time grew rapidly when Bitcoin stood still, but now everything looks like these times will not come anytime soon.

Most of us enter the market for profit and that is our main goal. So being a bitcoin maximalist will only cause us to miss out on opportunities beyond bitcoin. Although the altcoin market may seem risky, there is no denying that the greater the risk, the greater the reward, and many altcoins today offer better returns than bitcoin.
I never intended to be a bitcoin maximalist or adhere to any maximalism.


As I said, investing is about making profit so whoever makes more money is right.


Every coin has its own pros, cons, and use cases, and Bitcoin is not perfect.

All coins need their time to shine - and alts are no exception to that, rather, their time just didn't come, and nobody knows when it exactly will be ;)

I am not a Bitcoin maximalist and believe that many altcoins can bring more profit in the long term than investments in Bitcoin, but at the same time, I have great respect for Bitcoin maximalists and Bitcoin technology, as it was this technology that became the progenitor of cryptocurrencies. Many altcoins use more advanced technologies, but whether they will be able to survive for decades and compete with Bitcoin remains an open question.

Truly giving them big respect on the fact that they have long patience to deal with Bitcoin for long term. Not all people have good patience to do that as many try to explore any risky things just to try if they are going to get profit or will just get burned on that investment decision they made.

I can't say for now that I am Bitcoin maximalist since somehow I have some alts in my portfolio but trying to put all of my profits on Bitcoin since I believe on the goals of Bitcoin maximalist that there's going to be huge profit to get in future especially if we see Bitcoin would experience to have a great pump and price. I think I'm going to sell all my alts and just focus on Bitcoin if I go busy again and can't handle other activities since this is the beauty of investing on Bitcoin since we don't need to do anything and what needed to execute is to buy then HODL your Bitcoins.

As much as that might be true of Altcoins, you would also agree that it’s a lot of trier and error move which you might never get right in more occasions than none. This could mean that you would have lost way more than you would, should you have just invested in Bitcoin and let loose the shifty idea of making a fortune from altcoins.
However, when you understand the associated risk and still chooses to go with it, it’s always up to you to justify the outcome, whichever way it turns.

one could argue that gear+hardware to marketcap $ ratio is a good way to determine how secure the network is.

btc market cap is 2 trillion

ltc+ doge market caps are 6.8+29.3 billion or 36 billion

2,000,000,000,000/36,000,000,000=55.556

55.55 to one bigger marketcap for btc

so the hard ware to secure the caps should be 55.55 to 1

so is the value of the gear 55 to 1.

well some quick math.

2.8 ph for scrypt
2800 th for scrypt
2,800,000 gh for scrypt 

28000000/14=200,000 this is 2 hundred thousand bitmain L9 units

or 200,000x9,000=1,800,000,000 that is 1.8 billion in gear protecting 36 billion in coins

55.55x1.8=99.99 billion in btc gear would be the correct ratio.

well

1,000 eh is the btc network
1,000,000 ph
1,000,000,000th

1,000,000,000/277=

3,610,108 x 7,000 =2.527×10¹⁰

25billion in protect 2.0 trillion

so in one argue,ent you could say scrypt is more secure

but both are very protected

It is the illusion of security and sovereignty. That is so much more dangerous than simply not using Bitcoin or using Bitcoin properly. They aren't a stepping stone. They aren't a crutch. They are a profit motivated exploitation of people who don't know better and should know better, often on the basis of misinformation like running a node is hard.

More over, we are cannabalizing would-be node users. People interested in running and controlling their own node who are told buying a node and being told what software they can run with no familiarity in their hardware, software, or its management is fine. Those are would-be sovereign bitcoiners we are losing.  Maybe some wouldn't run a node at all if they had to do any work - and maybe Bitcoin isn't safe for those not willing to do the work to protect themselves. But if those people aren't ready to download and double click an icon, then walk through some configuration screens, maybe they aren't ready for Bitcoin and that's okay.

The distribution of Bitcoin has nothing to do with decentralization of the protocol. I remember all my peers getting a stern talking to about not being allowed to own Bitcoin. Best way to put your bitcoin to work is in your own custody, using protocols like joinmarket or lightning to earn on coins you control and secure. All the normies here are screaming, they're working harder than ever, doing everythign they can.  but they're going backwards.  They can't afford things they used to and they don't understand it.  Bitcoin is opting out from getting poorer slowly.

In reality, Bitcoin is gradually becoming more of a meme coin and a symbolic name for the crypto market — like Yuri Gagarin in the history of space exploration.

BTC simply introduced the idea that trust in intermediaries is no longer required for settlements. But it was Vitalik Buterin who expanded this principle to anything that can be described in code and deployed as a smart contract.

Now, you don't need banks or notaries, insurance companies, or even centralized exchanges. You can issue bonds without underwriters, buy real estate, engage in charity without foundations.

I could go on and on listing what blockchain allows us to do in a decentralized way. But none of this is possible on the Bitcoin network. There, you're limited to basic wallet-to-wallet transfers.

I wouldn't compare it to memes. BTC is not becoming something like that - but rather something accepted and regulated.

Institutions wouldn't regulate memes.

Bitcoin maximalists have done well by being it, after all, it has helped Bitcoin grow by influencing it. However, when we look at it from the angle of diversification and monopoly, people's concern about maximalism is for a good reason.


These are contradictory questions. You can't be a Bitcoin maximalist and ever want altcoins. If you want altcoins, then you are something else, but certainly not a Bitcoin maximalist.

There's no perfect advice for this, "Your money, Your decision." Invest in Bitcoin only if that is what you feel is right, and diversify your investment portfolio if you think it is the right and profitable thing to do. It's all our choice!

I am not a bitcoin maximalist nor an altcoin maximalist as well. And I believe both of them have their own potentials to become profitable in the market. However, the market has been more favorable for bitcoin today since bitcoin price has been continuously surging until it’ll hit its new ATH.

But later on, if the market turns in favor for altcoins, I’m certain that everyone will be accumulating altcoins so they can ride with the future altcoin season in the market.

This is the same shit that happened in the blocksize wars, really stupid people not understanding development and technical issues. It led to those people fucking themselves so be wary. Also in the blocksize wars and now - floods of misinformation and fear mongering from core proponents. USAFs are the devil, you will be forked off, your Bitcoin will be vulnerable etc. Bitcoin culture gets corrupted. Retards like this making videos about topics they passionately misunderstand.
Its just the classic buy borrow die financial strat repackaged for Bitcoiner holders. The idea is that you hold onto the appreciating asset, borrow against it and pay back the inflating currency - maintaining your exposure to the appreciation of BTC. There are potentially some tax advantages to this also, since in many jurisdictions Bitcoin is considered a capital gains asset (Taxable when sold).

Bitcoin is already spam resistant. The issue lately with core and inscriptions is telling node runners what policy will be. My basic understanding is that bitcoin runs in cycles. And historically it outperformed every asset class like the S&P 500 and even real estate. If you're someone who has a few hundred bitcoin trying to manage taxes pledging 5% of your stack as collateral, sure. if you're new to bitcoin, just ignore bitcoin loans altogether and thank me later.


And there are two main ways to look at it:

1) Using 0% corpo bonds to start a speculative attack against the dollar like happend similar to the most well-known speculative attack was against the pound occurred on September 16, 1992, known as Black Wednesday.

or

2) Using unwitting investors funds to multiply his corporate leverage, taking advantage of investors that either cant get corpo debt or buy bitcoin directly, leaving them with third party risk, a majority of the downside risk, for a small share of profits while he keeps the rest.

I Personally Believe Being a Maximalist in any coin, Bitcoin or other, is the stupidest thing a man could do, with all due respect to Bitcoin Maximalists,
if the Reason behind Hoarding and being maximalists on Bitcoin is to grow your wealth, it's a horrible way to look at life.

Bitcoin was made to ease transactions globally and free up space in economy,
Today Bitcoin, while very Market-friendly and doing just that, it's hoarded by the hundreds of Whales, MSTR, Blackrock, Binance, Etc etc.

while it may sound dumb or childish to think that there may be secret societies where these whales come together, there is always a chance that they might alter the market prices by Pumps and Dumps (ie Bullruns and Bear markets, Monopolies, etc), there is always a chance no matter how slim that they might alter market pricings, making alot of people lose or increase the Fear index to sell.

doesn't matter if not all the Bitcoin is owned or not, even if 10% of the current circulating supply gets sold all at once, it would wreak havoc, we're talking about approximately 1,987,459 Bitcoins selling at once, which is about 5 times of current daily trades of BTC, is a bad way to lose it all.

Personally i believe that Bitcoin's price does not matter for the newb, even if circa 2017, his best bet is to either get a crypto backed loan and use that money to create a stream of income which can pay back the loan, or taking it all out and doing the same thing just the same, creating real life business.

In retrospect, any sort of business today can accept Crypto as a form of Currency paid for items or services, Those who've made fortunes off of bitcoin from 2010 till this date from mining it have gotten their chance, we might not see the chance of BTC doing a tenner 10x from 100K to 1M, not even in the next 10 years, as much as people are marketing it, there is no undeniable touchable evidence that something like that would happen.

so the ones that came over from the start have profited everything from BTC, The early Bird got the worm.

as for the rest of us, who might save up Bitcoins, use bitcoins as a personal saving account, that's as much as we could expect from it, it is impressively hard to break it down less than 80-90K but it's still manageable, but turning a loss on it even if for a considerably small amount of time (Couple months) could have people give up on it, your best bet (even if risky) is to trade perps using BTC, or flash loans, don't expect it would 10x, expect that it will continue to have value and a great way not to lose your money.

Personally again, I think the best bet is to invest into a multitude of Coins, if you have Coinz, Khajiit has Wares.
a portfolio of BTC, ETH, USDT, and some altcoins, with cash reserves, assets, would always be better and sound better than having all of it in once place, don't forget that there's still Leaks, Mt.Gox 2 could be right around the corner, pretty much would be a bad idea to invest all of it into Bitcoin, atleast if i have a portfolio, i wouldn't snap my hair out of my head if for whatever reason or however possible or impossible, that i lose my BTC to some leak on a centralized/decentralized exchange, and that's why you should also invest in a cold wallet or a trezor/Ledger, and if i DONT get miraculously hacked and owned, let's suppose price plummets down back to 80K making me lose an easy 20% of the value, it wouldn't be a total loss

 (ex: 100BTC in one place will make me lose 20BTC worth if that happens, 100BTC worth in a diverse portfolio of real life assets, Investments, and multiple cryptos, let's say 33% for the sake of the arguement is BTC, i would only lose 6.6 BTC worth) even if momentarily, i wouldn't know when i'd need to liquidate some of it and it would be a total heartache if i'm losing lots.

Always Invest smart, a profit is still a profit even if smaller, it's all about Risk Management and patience, Don't be neither Saylor NOR Laszlo Hanyecz, and remember, only invest what you can afford to lose, don't jeopardize your whole life for a *Maybe*, always bet on the permanent house over the Temporary Villa.

Just my 2 cents.

~M.M~

I think this way too, and I have never thought for one moment that I could be a Bitcoin maximalist. But considering the fact that my opinion about Bitcoin does not affect altcoins negatively, does it really matter if I am a Bitcoin maximalist or not? Definitions it does not, because my advice to those who wish to enter into the crypto space is that they do proper research to know what coin matches their risks tolerance. As for me, Bitcoin matches my risks tolerance,  however, that does not mean that my opinion about altcoins will not change in the future if they are able to overcome my doubts about them.

It's just the fact that alts are usually not so idealistic, BTC crushes them in that regard and decentralization-wise.

In other departments, some coins are interesting, some - outright rugs, and so on..

Yeah, that's right but not to everyone. That is why newbies, especially, should not just jump on any coin because people are investing in it. Every coin (both Bitcoin and altcoins) has its individual value and what it stands for. The fact that altcoins don't appeal to me yet does not mean everyone else sees them the way I do. I have had my personal experiences with altcoins, and I will reserve my comments for now until I begin to see clear reasons again to consider altcoins.

I am an open minded person, and in everything I do, I try my best to be as open mind as possible, when it come to cryptocurrencies, it's true that Bitcoin is the best, in terms of decentralization and blockchain security, bitcoin is in the top, this is coupled with the fact that bitcoin is also the first mover and the most trusted..

But then, when it comes to technology and innovation, we really can not deny the fact that some Altcoins are leading in this aspect, like transactions on Sui and Solana network are one of the fastest and cheapest, there are other Altcoins as well that have achieved great goals in technology and innovation aside this two that I mentioned.

So it's not completely alright to be a bitcoin maximalist, we ought to open our minds to other cryptocurrencies so as to take advantage of the opportunities that comes with it, but all the same, its a free world, we all are free to support whatever we like, so who ever choose to support only bitcoin is absolutely free to.

We decide for ourselves whether it's going to be good or bad because ultimately in this situation I don't think it's good or bad that's the main focus but whether or not we can be maximalistic.
Because I don't think everyone can be a maximalist in bitcoin and that is something that cannot be denied.

So in this case ask ourselves whether this will be good or not if we are in that position.
It's about a belief and there will definitely be a lot of disagreement if we talk about good or bad because in the end this goes back to their respective beliefs so for me it's all right to say it's good or bad.
For me personally I still want to make this a benchmark but it cannot be denied that now I still cannot do that even though my belief in bitcoin is still quite high and I am still in bitcoin to date but still being a maximalist is clearly not easy because of several things.

If you are having an advantage by being a bitcoin maximalist, then there’s no reason why it’s never a good one. Being a bitcoin maximalist means you know well about bitcoin so you stick to it and as much as possible increase your bitcoin portfolio.

It will only create a negative impact if you turn to be a bitcoin maximalist, yet you don’t know how to make your bitcoin investment works. That actually beats your purpose. You need to be knowledgeable and well-experienced at least before you can say you are indeed a bitcoin maximalist.

Altcoins to me have not ruined the reputation of Bitcoin or caused a bad name for Bitcoin; rather, what they have ended up doing is bringing a bad name to crypto in general and mostly to altcoins themselves at large.

Some have actually also seen and considered Bitcoin to be a scam, not just because they bought some scam token but because they were unlucky to join some Ponzi scheme whose method of payment is Bitcoin; thus, they consider Bitcoin to be a scam when the Ponzi eventually crashes.

I bolded the key sentence.

I do the opposite.

My btc is 60x
My Solana is 2x
My Ltc is 2x
My Doge is 3x

This is true, altcoins are doing more damage to the overall reputation of the crypto industry and itself than they are to bitcoin's reputation.

If I remember correctly, the Bitcoinnect or Bitcoin Savings and Trust ponzi projects were the ones that used bitcoin as a payment method (2011-2012), or the HYIP and cloud mining scams in 2013 also used bitcoin...and all of that led many people to misunderstand bitcoin as a scam at the time. It can be said that bitcoin was misunderstood as a scam before altcoins came along, so don't blame altcoins entirely.

Then explain to me — objectively — how exactly is Bitcoin any different from a memecoin?
Let’s take Dogecoin as an example:

Both have their own blockchains

Both use the same mining algorithm

Both are mined with ASICs

Both are accepted for payments in many places

And now even the SEC agrees that neither Bitcoin nor memecoins are securities.
So what makes BTC “regulated” and Doge “a meme”? Just better marketing?

1. Some things should not be done with BTC, and there are good reasons, why they should not be done.
2. Other things can be done with BTC, but nobody implemented it yet. Which often means, that there were simply not enough skilled programmers, willing to implement it properly.
3. The general way of extending BTC features in unlimited way (sidechains) were rejected, but some people are trying to introduce them anyway, using a different approach, that couldn't be stopped by the rest of the network.

You probably don't need a blockchain to do that. And also, even if you do, then you probably don't need money-like features, which means you probably also don't need mining, and if you figure it out, what is needed, and what is not, then you will probably reach a solution, which would be very far away from Bitcoin, or even cryptocurrencies at all.

For example: there is a program called "git", which is used to handle source code. There are also commits, which are hashed with SHA-1, and they form a chain of changes, and you can explore the full history of a given repository. But: if you would turn "git" into "git-coin" instead, and put some money-like features on top of it, then it wouldn't be better: it could be much worse, than it currently is!

Which means, that if "git" should not be turned into "git-coin", then databases should also be left as they are, and not turned into "data-coin".

Now, if altcoins were all that great as bitcoin why tell anyone to tread on lightly with them. It's because altcoins are a red zone investment points when we talk about cryptocurrencies. We don't hear people talk about it warn about treading lightly with bitcoin and this and others are the reasons why bitcoin maximalists would and have always stood against altcoins because it triggers bad name to bitcoin as a cryptocurrency than it does help in building new entrants trust into crypto.

Bitcoin is the coin that was tested with time the most.

Alts - they are more unpredictable, but are still there for everyone to try out.

It's a question of a perspective..

In my opinion, the name of cryptocurrency has not been bad for such altcoins. In fact, various scan websites are making it bad. Because various scam websites choose cryptocurrency as their payment method. And when those websites scam, our cryptocurrency gets a bad name. That does not mean that cryptocurrency is a scam. But no matter where or in which coin we invest, we must research it well and invest.

You can only tell whether it’s good or bad by checking on those bitcoin maximalists you’ve mentioned like Michael Saylor. Michael Saylor now has been holding around 17k bitcoins that would make him gain massive amount of profits in the future. Although he also lose significant amount but that never stopped him from accumulating bitcoin.

Honestly, I can also tell I’m a bitcoin maximalist. Rather than entrusting my funds into altcoins, why not just stick into bitcoin and focus buying and hodling them. Bitcoin is the future, altcoins are just cloned from the image of bitcoin.

Altcoins don't want to be like BTC - they are the alternatives to an alternative.

BTC is not following fiat, and some alts, I would even say most - don't follow BTC (LTC, for example, is a good pick besides BTC, imo).

All have different targets, and especially - different ideals, where BTC shines the most.

this is a legit question.  I gave you 9 merits for it.

unfortunately people love to continue calling doge a meme coin that was introduced as a joke.

it was and it will always be how doge started.

the issue is doge+ltc uses a real blockchain and algo scrypt
and scrypt is the second largest POW

behind BTC And sha-256

POW

BTC AND SHA256 has 25 billion in mining gear behind it.

Doge and scrypt has 2.8 bilion in mining gear behind it.

so it is accurate to say both are POW

and one started as a humble meme that used scrypt.

I would love to fine all people that do not say doge started as a meme that is now the second largest POW network. they say doge is a meme. they should be tracked down and forced to pay a doge as a fine.

sounds bad but it is true.

It's not bad to be a Bitcoin maximalist but my personal believe is Bitcoin is capital intensive. To be a maximalist I will rather want to go in with huge capital. Good Altcoin with quality prospects can be an option for small capital investments. But for good capital I will go all in for Bitcoin because I am confident of my ROI on a long term goal. The only risk to fear is that most altcoin has higher risk than Bitcoin but for profit with little capital altcoin serves the purpose.

That's life. Unfortunately sometimes the past always ties itself with us.
I never knew doge was POW, I believe many are in this boat too. I consider it one of the most manipulated memecoin thanks to Musk.

Edit
I knew one time since you usually state then that you mined doge. I guess it just escaped ever since due to my already conceived perception.

P.S you gave the merit to the wrong person  :D


Really????
Higher hashrate and more secured
Origin and purpose for creation
Fixed supply Vs infinite Supply
Creator unknown vs Creators known( don't underestimate this difference.
And the biggest is the markets Perception on both.

if you do the following analysis scrypt is 2.8 billion worth of mining gear behind 40 billion market cap

and sha-256 is 25 billion in gear behind 2 trillion in marketcap

so ratio of gear to cap is better for scrypt than sha-256 is.


but for now other factors help btc more then doge.

down the road 2056 and later i see more gear drifting to scrypt.

but scrypt is a very good miners coin right now.

3600 watts scrypt Antminer L9 makes 23-25 bucks a day cost 9k to buy 1
3600 watts sha-256 antminer s21xp makes 14-15 bucks a day cost 7k to buy 1

but most people can’t mine due to power cost.

fat fingered the cell phone

Good point. But FWIW,
1. DOGE is one of very few memecoins that actually accepted for payment.
2. While i consider it as minor concern, DOGE rely on LTC network due to it's merged mining.

I also expect some meme coin/token either centralized or have questionable supply distribution.

I have some reservations for specific altcoins and have no regard for shitcoins, most especially meme coins.

Let's take for example Ethereum that's used for Dapps and smart contracts. Somehow it has it's own applications and you only need them when you're cut out for such.

I like Solana too, somehow it can be likened to share the same features as Ethereum. But both are not for investment purposes, it's only important you work with them when you need them.

When it comes to investment purposes, Bitcoin should exist alone since it's the only project that's a store of value. It's no way to be associated with altcoins, it's way above their league.

They have a few similarities yes but they also have key differences which makes bitcoin different from memecoin and ultimately, the better option between the two. First of all, bitcoin has limited supply of 21 million. Doge on the other hand has no max supply. Easily from this we can identify that one is inflationary and one is anti inflationary. Also, Bitcoin is miles away more secure than doge. Their difference in hash rates implies that bitcoin is a lot more resistant to attacks.

Bitcoin has been longer in the space and therefore has earned the trust and confidence of crypto users. This has led to public and private companies all around the world to buy bitcoin. Bitcoin has ETFs, memecoins particularly doge does not.

Being a maximalist is the highest level of knowledge about Bitcoin and other altcoins. It shows that you're someone who has studied a lot and completed the cycle of understanding, because you realized there's only one serious currency on this planet, and that currency is called Bitcoin. Simple as that.

If you can manage the risk, then why not? Being a bitcoin maximalist isn’t a bad thing, it will only be bad if you pursue something wherein you aren’t knowledgeable and capable to do. Other than that, if you know what you’re doing and you are aware about the future risks and rewards that come with bitcoin, then there’s no reason to see bitcoin maximalist as a negative course of action.

Just be prepared for whatever circumstances and losses that may come along, at the end of the day, your current losses will not define your end game with bitcoin.

Thanks a lot for the merits! That really means a lot to me as a newcomer here.

You’ve also touched on something I care about — the slow disappearance of PoW-based coins from the top 30. Honestly, I don’t really see PoS coins as true digital assets. Too much human interference, no real mining, and often very centralized.

That’s why I was actually glad to see Monero making a comeback to the top 30 — even after centralized exchanges tried to wipe it out with delistings.

What’s ironic is that the absence of the original creators is exactly what gave Dogecoin its longevity and mystique — very similar to Bitcoin in that sense.

Shibetoshi Nakamoto (a.k.a. Billy Markus) and Jackson Palmer both walked away in 2015 and never came back. Yet DOGE kept evolving — sometimes without a roadmap, but still with a strong community.



Both Bitcoin and Dogecoin are milestones in crypto history — one introduced digital scarcity, the other introduced viral narrative as utility.

Bitcoin gave us trustless value storage; Dogecoin proved that culture, humor, and community can move markets too — even when fundamentals say otherwise.

Becoming a maximum bitcoin investor is not just about profits but also has other impacts on the crypto industry.
Being a bitcoin maximalist is not a bad thing because it is each person's choice and preference but this can turn out to be negative because bitcoin maximalists are conservative in their thinking. They only focus on bitcoin and tend to reject other blockchain technologies, innovations and will hinder the overall development of the cryptocurrency industry. They are even the main cause of division in the crypto community because of their aggressive attitude and willingness to attack anyone who does not share their views...

In short, not just bitcoin maximalism, any form of maximalism will bring more negative impacts than benefits.

So far, Bitcoin is the only needed cryptocurrency among all. If you pay attention you will see every other cryptos were copied from Bitcoin for speculative purposes, without adding any practical usages or principles behind the altcoins. Ethereum can be considered a major success, but that is mainly due to the speculative usage, anyway, since many other developers use its blockchain to launch their own tokens.

However, there aren't any guarantees it will remain like this forever. It's not a static world, rather it's a world in constant changes in every areas, so it's not different with cryptocurrencies. Maybe at some point a superior currency to Bitcoin will be created, and once it happens, Bitcoin can indeed become obsolet.

Therefore, to be a Bitcoin maximalist means to deny that possibility to be real, what I consider to be denial of reality.

It is rather naive to believe that Ethereum is merely a speculative asset, as it was on this network that the first smart contracts appeared, enabling the use of decentralized finance technology and non-fungible tokens, which had a very positive impact on the entire crypto industry. In fact, many new networks are implementing improvements in their protocols. All of this will ultimately lead to a kind of “evolution” of technology and may make it possible to create the most perfect network.

I think it would be better if Bitcoin's other name was risk. Because without taking risks, no one can ever grow. There are two sides to a thing, good and bad. Nothing is 100% good or bad. All things are a mixture of good and bad. Similarly, if Bitcoin is done according to the rules, then something good will happen. And if someone comes without knowing the rules of Bitcoin, then he will face losses. That's why I would say that anyone who wants to come to Bitcoin should first learn about Bitcoin well and have patience.

I am going to be biased on this and I want to have Bitcoin only alone in the market if that's allowed to change on an instant. So this whole market in a $3.44 trillion means a lot.

This more than the common market cap that we're seeing in known tech companies that have been pumping with their stocks. And that's why every Bitcoin holder is going to be happy with that.

But there are implications that might happen on this, there is also a huge flow of money in the alts that goes to Bitcoin and that's the reason why  they're also there.

Calling maximalism an "ideology" is being kind. For many, it's a full-blown religion, and Saylor is their pope.

Let's be real: Bitcoin's job is to be the boring, stable, digital bedrock. It's the Fort Knox. It moves slow, it's secure as hell, and its main feature is that it doesn't change.

Everything else all the alts is the chaotic R&D lab. It's where DeFi, NFTs, and actual use cases beyond "HODL" are born and tested. Yeah, 99% of it is a dumpster fire casino, but that 1% is where all the innovation you mentioned comes from. A world without alts would be a world without progress. Incredibly boring and way less profitable.

Being a maxi is like saying you only believe in gold bars and think the entire stock market is a scam. You miss all the fun and all the potential tech breakthroughs. Balance is key. Bitcoin is the savings account; a few good alts are the high-risk, high-reward gambles.

It is up to each person, certainly people will indeed make money with alt coins, but the question is which has the most utility and most security.  Labels like that are used to belittle people instead of talking about facts.

First you laugh at Bitcoin maximalists
Then you play the shitcoin casino
Then you get burned & lose wealth
Finally you become a Bitcoin maxi yourself (and actually start studying the technology instead of just trying to get rich fast)

Give it time. You'll get burned in one of the many shitcoin ponzi schemes, rug-pulls, scams, "to the moon WEB3 supertechnology whatever"... and then realize Bitcoin is the safest decentralized digital money and everything else trends to zero, when expressed in BTC  ;D

Remember you called it a bitcoin 'maximalist' which is strictly a bitcoin enthusiast, why will i be interested in any other coin when i have been bonded by my love for bitcoin. If you asked; if am a crypto maximalist that would i have only choose bitcoin it would have been a different question but specifying bitcoin simply means no room for any other coin. If you watch how bitcoin started from a 'worthless coin' to a 'worthy coin', you shouldn't have been talking about altcoins anymore. Apart from bitcoin, i do not trust any other coin because since i started my study about bitcoin and other altcoins, i have seen much more convincible moves with bitcoin rather than with altcoins, even if any altcoins outperforms bitcoin which i know it won't be possible but i'll still ride with bitcoin.

The market cap. of cryptocurrency is at $3.38 trillion currently and bitcoin alone has about $2.14 trillion in market cap. which is higher than the market cap. of all the altcoins joined together, what does that implies?

this is almost really really really really good.


Doge is the best designed stable pow coin the scrypt algo and the coins that merge mine on it are next to ideally balanced.

just kidding - I would put all maxers to death for disagreeing with what I just wrote. - just kidding

Yeah I know sounds like I advocate a violent act or a set of violent acts  I don’t as I am a confirmed non violent club member.


BTC is designed to be a large store of wealth and you can attempt to twist it into a payment system this will allow large master card style payment layers which will cause longterm degradation to mining of btc.

I wish I was 20 as I see btc and sha256 sliding due to not planning for long term mining reward system.

ie doge never lowers the reward which will attract mining for centuries.

I agree with you. It takes understanding for one to be a maximalist because this set of people believes that what they know about Bitcoin is true.
So no matter how the price of Bitcoin falls, they are not bothered because they understand what they are doing. No matter how Bitcoin is criticized, they are not bothered. I consider maximalists to have the highest level of understanding of Bitcoin. Maximalists are addicted to Bitcoin and its investment.

One who is a bitcoin lover should not put an end to adopting altcoins as well as they can also be profitable especially if you chose those potential altcoins. You don’t need to limit yourself actually, that’s why we are given here different opportunities in the crypto market, you just need to decide whether you prioritize bitcoin over altcoins, or just simply make it balanced.

I can say I’m a bitcoin maximalist but I don’t mess up with altcoins either. It’s one way of accepting that altcoins have also their potentials wherein bitcoin cannot do it alone.

Does the world need smart contracts? No it does not. So what exactly is Bitcoin missing, risky tradeoffs for features that mislead people about their usefulness? If you are a knowledgeable lover, you would know that Bitcoin does not have these features on purpose. Not because it doesn't know about them, not because it can't have them, but because they are bad for it.

This is so wrong on many levels. You can't love Bitcoin and chase greed and scam projects. These two are not comparable.

You are not.

It shouldn't be the case that a Bitcoin enthusiast would ignore all altcoins other than Bitcoin. However, Bitcoin is the first cryptocurrency, which is why it has become widely accepted as a tested, trusted, and proven digital asset. I myself have always had faith in Bitcoin, because many people have suffered financial losses by investing in many altcoins.

 However, it is also true that if you can choose and invest well in altcoins, there is a chance to make a profit.

Bitcoin maximalism makes sense because Bitcoin is the first and most established cryptocurrency. It has the longest blockchain great security and a global reputation that no other crypto has matched so far. The trust it has earned over the years is a huge benefit and it continues to gain adoption from individuals and governments alike However restricting ourselves just to Bitcoin could hinder back innovation. Altcoins have introduced many new concepts and technology that have moved the broader crypto field forward. While Bitcoin should certainly make up the major part of any portfolio given to its stability and track record exploring other well chosen altcoins can bring additional benefits. There is no single ideal way to approach crypto investing because everyone’s interests and risk tolerance differ. Bitcoin and altcoins together create a balanced and dynamic ecosystem which feels like a healthier environment for the future