Bitcoin Forum

Other => Archival => Topic started by: Symmetrick on July 28, 2022, 05:49:25 PM



Title:
Post by: Symmetrick on July 28, 2022, 05:49:25 PM


Title: Re: Bitcoin is King
Post by: Upgrade00 on July 28, 2022, 05:55:04 PM
I increasingly see people's opinions that in order to preserve value, to diversify their investments, you need to invest in the top 10 cryptocurrencies,
There are different opinions on the best way to invest, but I mostly do not agree with the idea of judging by the apparent market cap of a currency in relation to others to pick your asset:

• For one, market capitalization is not a proper indicator of a good asset and can be easily manipilated to give a false sense of security,
• And my second reason, is what you've highlighted in your thread. The top coins are not fixated, the top 10 today would almost definitely not be the same in 5 years time or even in 5 months.
Do an actual research if you want to invest, don't just bank on what majority is doing or possibly inflated figures.


Title: Re: Bitcoin is King
Post by: suzanne5223 on July 28, 2022, 06:09:33 PM
Now, during the crypto-winter period, I increasingly see people's opinions that in order to preserve value, to diversify their investments, you need to invest in the top 10 cryptocurrencies, because they symbolize reliability, and value and definitely will not leave the market.
I believe Bitcoin maintains its position as the number one crypto because of its true decentralization in nature, consensus, and no censorship. However, all the top 10 cryptocurrencies on the CMC list may not leave the market but it's not all of them that are good for long-term investors, especially those that are centralized.

But are these people wondering if the cryptocurrencies they see as diversification will still be in their top 10 spots in, say, 3 years?
The CMC slot from 2-10 always changes every 4years and I don't think the slot should be the main focus if their investment yields something profitable


Leaders change, depreciate, get stuck in terms of development and price growth, and only one asset remains unchanged. Bitcoin.
This is one of the reason why investors are advised to make Bitcoin the top of their list


Title: Re: Bitcoin is King
Post by: m2017 on July 28, 2022, 06:24:09 PM
~snip~
Then what happens: in hell diversification and limit yourself to investing only in bitcoin? (You can also add eth, since it has also been holding on to positions 2-3 for a long time and doesn't plan to leave the top-10). If look at this picture, it turns out that diversification is not such a good idea.


Do an actual research if you want to invest, don't just bank on what majority is doing or possibly inflated figures.
To do this, need to have the necessary skills, abilities and knowledge, which most likely will be lacking. In theory, your advice is good, but in practice, few people are willing and able to follow it. Especially when it comes to newbies. Many will prefer a simple and easy way - investing based on the capitalization of the cryptocurrency on coinmarketcap, that is, the top-10.


Title: Re: Bitcoin is King
Post by: Smartvirus on July 28, 2022, 06:37:37 PM
Apparently, it's the idea all along for most when it comes to making an altcoin investment in the bear market. The coins in the top 10 often seens to stand out and holds promises and is mostly believed to have less potency of dumping as this is often the case for altcoins during the long winters but, we know that's not entirely what is obtainable.
Looking at the presented table right now, I could note how XRP have fallen over the years and it's surprising its been a major competitor to ETH and now, its gradually falling off the top 10. That's the reality to it as per market capitalization, its time definitive and means very little.

Bitcoin becomes the only coin that is sure to maintain its position as per being pioneer currency and the changes that occurs on the coin is what is reflected on other coins. Its bound to lead everytime.


Title: Re: Bitcoin is King
Post by: Upgrade00 on July 28, 2022, 06:46:01 PM
If look at this picture, it turns out that diversification is not such a good idea.
Diversification doesn't truly exist in a highly correlated market. The crypto space in one of such markets where currencies mirror the price actions of others, so when there is a crash, majority of coins get effected, similar to when there's a spike up.
A diversified portfolio would contain assets from different niches, real estate, crypto, stocks, gold etc.

To do this, need to have the necessary skills, abilities and knowledge, which most likely will be lacking. In theory, your advice is good, but in practice, few people are willing and able to follow it. Especially when it comes to newbies. Many will prefer a simple and easy way - investing based on the capitalization of the cryptocurrency on coinmarketcap, that is, the top-10.
You should not be investig your hard earned money, if you can not take out the time to actually research on what you are investing in. If one blindly jumps into an investment, there is a high possibility you would get rekt in the long run.
Researching is not rocket science either.


Title: Re: Bitcoin is King
Post by: Fivestar4everMVP on July 28, 2022, 06:56:58 PM
Leaders change, depreciate, get stuck in terms of development and price growth, and only one asset remains unchanged. Bitcoin.
Bitcoin has indeed performed well, very far more than any other crypto currency asset that has ever been created, but this is not or should not be a surprise, I personally would have been surprised if Bitcoin, being the frontier in the crypto space allowed itself to be overthrown by another crypto asset.
Aside Bitcoin being one with the most market capitalization and highest in rank, Bitcoin I think also is the most safe and reliable crypto asset to invest in, it is one with the most volume on almost all exchanges.


Title: Re: Bitcoin is King
Post by: Rruchi man on July 28, 2022, 06:58:48 PM
But are these people wondering if the cryptocurrencies they see as diversification will still be in their top 10 spots in, say, 3 years?
After a lot of experience in the market and how i have lost money on plenty diversification, some of the things that I have learnt are;

- Diversification can be good and can also be bad. If you choose to diversify your cryptocurrency investment before you can accommodate it, your money may be swallowed up or reduced in the process of being invested in speculated cryptocurrencies that they told you will last the test of time.

-You can diversify in crypto for the short-term, but for long-term investments in cryptocurrency, bitcoin should be your number one choice always.

- If you must diversify your investment, don't over do it. Pick one or two other coins in addition to BTC and be content. Buying over 10 cryptocurrency may do you no good.


Title: Re: Bitcoin is King
Post by: Furious 7 on July 28, 2022, 06:58:54 PM
It's possible that over the next few years for the top position and becoming a king will be the same as in previous years.
This clearly proves that bitcoin is quite feasible for those who already understand and indeed until now the movement of bitcoin will still be something interesting because until now especially with the news everywhere that makes them more exposed and will definitely be more in demand.
About top 10 coins don't know why I just always see some of them for altcoins.


Title: Re: Bitcoin is King
Post by: BitcoinBarrel on July 28, 2022, 07:01:31 PM
Bitcoin is best for many reasons not limited to:

  • Longest running blockchain
  • Largest market cap
  • Anonymous creator (no one liable)
  • Accepted most places
  • Perfect algorithm and scaling

Anything else?


Title: Re: Bitcoin is King
Post by: stompix on July 28, 2022, 07:17:18 PM
If look at this picture, it turns out that diversification is not such a good idea.
Diversification doesn't truly exist in a highly correlated market. The crypto space in one of such markets where currencies mirror the price actions of others, so when there is a crash, majority of coins get effected, similar to when there's a spike up.
A diversified portfolio would contain assets from different niches, real estate, crypto, stocks, gold etc.

Exactly, I don't understand why people say they diversified their portfolio when buying BTC, ETH, and LTC, If one goes up it's highly likely the others will too, if BTC drops for sure the others will take a dive too, so what's the diversification in it? It's like buying Shell and Chevron stocks or AMD and Intel and saying you're safe because your portfolio is diverse.

I really don't get why would someone choose to spread his money over multiple coins to avoid risks when obviously it's not going to do anything.

Looking at the presented table right now, I could note how XRP have fallen over the years and it's surprising its been a major competitor to ETH and now, its gradually falling off the top 10.

The only surprise is why that coin is still in the top ten as it offers nothing compared to other cryptocurrencies and their business plan of having something run on their private chain is really hard to understand, why would a private company run its private finances on somebody else's architecture when it could simply do its own centralized and far more secure solution?
Why would a bank use their chain and not create their own ?


Title: Re: Bitcoin is King
Post by: Anonylz on July 28, 2022, 07:38:27 PM
Most definitely, btc should be about %70 of a portfolio for stability and most especially for a long-term goal guarantee. It is true that most of the top 10 we have in the market today may not be in a few years to come, several factors can result in that, but as long as btc covers more than half of your investment I believe the impact (if any unexpected eventualities occur) will not be too the detriment. So far only very few alts have a long-term goal capability imo.


Title: Re: Bitcoin is King
Post by: 348Judah on July 28, 2022, 07:50:06 PM
A small historical reminder that bitcoin is the only cryptocurrency that has remained in its positions for many years:


One of the things i enjoyed so much about bitcoin is the consistency in maintaining the lead over all other cryptocurrencies, i will say this as a matter of fact that it's not easy to have achieve this far, meaning a system of protocols must have been put in place to have come about this experience.


Title: Re: Bitcoin is King
Post by: MinoRaiola on July 28, 2022, 08:39:50 PM
The overview with all coins is good and I hope BTC stays like this for a long time. If I could choose the overview, I would like to see Bitcoin with all the biggest companies in the world. Currently in first position is Apple with 2.4 trillion € market value and Microsoft with 1.8 €. Bitcoin currently with 455 billion. So I hope we see new ATHs and that Bitcoin becomes more valuable than Apple.


Title: Re: Bitcoin is King
Post by: Franctoshi on July 28, 2022, 09:23:29 PM
That actually shows its credibility as well designed true decentralized coin and is a model to every other cryptocurrencies out there, Bitcoin is the original first cryptocurrency ever created and all other ones are just copying and trying to be like the king (original will always original) .There are a lot of things that contributed in making Bitcoin King of other cryptocurrencies which includes most secured crypto, scarcity etc and since the invention Bitcoin has been there while a lot of them have come and go and couldn't withstand the test of time.


Title: Re: Bitcoin is King
Post by: Detritus on July 28, 2022, 10:35:37 PM
I learned about cryptocurrency 6 ago, since then I have always see Bitcoin rated the top 1 cryptocurrency, some times I wish I got to know about it when it was yet $1k. Today Bitcoin price got to $24k and according to a Crypto analyst who said that if Bitcoin crossed $30k, it means that the bull market is about to start, I just hope it does.


Title: Re: Bitcoin is King
Post by: hatshepsut93 on July 28, 2022, 11:58:26 PM
All the altcoins have the same lifecycle - create hype, pump the coin, fail to deliver on promises, coin falls to obscurity. People don't notice this an believe in "good projects" because they like to have hope of making quick x10 gains on "the next big thing". Altcoin market is just a casino with very bad odds, but just like with real casinos, people tend to focus on the rare stories of big wins and ignore the reality of frequent losses.


Title: Re: Bitcoin is King
Post by: GreatArkansas on July 29, 2022, 12:10:18 AM
This is one of the many reasons why I trusted Bitcoin and the risk is very low if you put your money into Bitcoin compared to other altcoins.
Altcoins seem to be only hype over time, this infographic shows how Bitcoin is being the number since day 1.
There are a lot of altcoins that tried to beat Bitcoin to be the highest market cap but failed. I am surprised why XRP is on the top since before I believe Ethereum must be the second after Bitcoin.


Title: Re: Bitcoin is King
Post by: Darker45 on July 29, 2022, 04:04:35 AM
Why only starting in 2015? Bitcoin is number one since the day it was born and it remains number one until now, more than a decade later. It will probably remain to be the number one in the next decades to come. The rest of the list come and go.

There was actually a short video clip on the changes that happened in the top 10 since altcoins came into the market. I cannot find it anymore. The message was stronger with that one because it showed that no single altcoin in the top 10 during the early years of crypto remains there today. With Bitcoin, of course, as the exception.


Title: Re: Bitcoin is King
Post by: 8rch7 on July 29, 2022, 04:08:43 AM
For now bitcoin is still the king, the price of bitcoin is predicted to continue to increase, for now bitcoin is still the crypto asset that is most interested by investors, although there are currently many other coins that are trying to compete with bitcoin, but for now bitcoin is still become the main choice of investors and is still the king, although ethereum is now growing rapidly and has become one of the assets that influence the development of blockchain today, but bitcoin is still king and ethereum can't beat bitcoin.


Title: Re: Bitcoin is King
Post by: goldkingcoiner on July 29, 2022, 04:44:41 AM
All the altcoins have the same lifecycle - create hype, pump the coin, fail to deliver on promises, coin falls to obscurity. People don't notice this an believe in "good projects" because they like to have hope of making quick x10 gains on "the next big thing". Altcoin market is just a casino with very bad odds, but just like with real casinos, people tend to focus on the rare stories of big wins and ignore the reality of frequent losses.

It can be explained much smoother with a single phrase that we have been using for the lifetime of altcoins: "its a pump and dump". People buy it, the people behind pump it higher, create more hype and then dump it at the top and run off with the money, probably to buy actual Bitcoins.

People need to understand while 100x or 500x coins do exist, they will never be able to buy them at the prices that they wish they could buy them. Otherwise the entire profit scheme just buckles and there is nothing left for the people behind the scamcoin to steal.

You can 100x easily by investing in the right project at the right time. Just make sure its a project which is actually trying to build something.


Title: Re: Bitcoin is King
Post by: KaliLinux on July 29, 2022, 06:55:39 AM
But are these people wondering if the cryptocurrencies they see as diversification will still be in their top 10 spots in, say, 3 years?
After a lot of experience in the market and how i have lost money on plenty diversification, some of the things that I have learnt are;

- Diversification can be good and can also be bad. If you choose to diversify your cryptocurrency investment before you can accommodate it, your money may be swallowed up or reduced in the process of being invested in speculated cryptocurrencies that they told you will last the test of time.

-You can diversify in crypto for the short-term, but for long-term investments in cryptocurrency, bitcoin should be your number one choice always.

- If you must diversify your investment, don't over do it. Pick one or two other coins in addition to BTC and be content. Buying over 10 cryptocurrency may do you no good.

Totally agree. I believe some of us get these ideas twisted, Investment should always be for the long term and Bitcoin is the best case in this and a few Alts can be looked at as well but some think because long-term investment is always being argued then they can put money in just any Alts for that amount of time. Nothing wrong with diversifying but most Alts are good for short-term trading.


Title: Re: Bitcoin is King
Post by: Sebas.tian on July 29, 2022, 07:20:29 AM
Quote
This is one of the many reasons why I trusted Bitcoin and the risk is very low if you put your money into Bitcoin compared to other altcoins.
Altcoins seem to be only hype over time, this infographic shows how Bitcoin is being the number since day 1.
There are a lot of altcoins that tried to beat Bitcoin to be the highest market cap but failed. I am surprised why XRP is on the top since before I believe Ethereum must be the second after Bitcoin.

Bitcoin still remain the king among other cryptocurrencies, because during the pandemic that made many altcoins price to dropped down for their investors to experience some challenges at the moment, but it was causing Bitcoin price massive pumping for their investors to experience positive incomes from their investment at the moment. I think, Ethereum will still remain second position and Bitcoin will continue to remain first position through out this bearish season to attract more people to invest on Bitcoin so that they will be part of people that will earn well in the future. I will still make Bitcoin as my first choice and Ethereum the second in this season of bearish.


Title: Re: Bitcoin is King
Post by: Nrcewker on July 29, 2022, 08:13:57 AM
I learned about cryptocurrency 6 ago, since then I have always see Bitcoin rated the top 1 cryptocurrency, some times I wish I got to know about it when it was yet $1k. Today Bitcoin price got to $24k and according to a Crypto analyst who said that if Bitcoin crossed $30k, it means that the bull market is about to start, I just hope it does.

Many of us already wished to bought the Bitcoins when the price was low. Still we can’t do what happened in past.
Bitcoins are always a great crypto, i mean it’s considered as the master of Cryptos, so yes it’s better to buy the Bitcoins whenever possible.
Currently Bitcoins are a great price to include in your wallet, so if possible convert all your other coins to Bitcoins and wait for a month. Bitcoins will surely give you 3x profits.
Let’s hope for the best.


Title: Re: Bitcoin is King
Post by: bitzizzix on July 29, 2022, 08:34:29 AM
It has been more than a decade since bitcoin expanded the currency into the digital space of the internet. And since then, bitcoin remains the most popular cryptocurrency in the world and continues to be king.
As this is a blazing crypto footprint, mainstream acceptance will always put it ahead of other cryptos, although in the years to come there may be a shift but in the end bitcoin remains king.


Title: Re: Bitcoin is King
Post by: Kakmakr on July 29, 2022, 09:28:07 AM
People should rather forget about profitability.... and rather focus on increasing Bitcoin's adoption. Higher adoption will make it even more dominant in the market and it will sustain a increase in it's price.  ;)

We cannot have a Bitcoin with "extreme" volatility that are dominating the market, because it is not good for Bitcoin as a stable currency. Yes, it is the market leader, but it has a significant "user" base that needs to grow to enable it to stay there.  ;)


Title: Re: Bitcoin is King
Post by: TheNineClub on July 29, 2022, 10:05:18 AM
This really means little. BTC had a significant head start compared to other coins and in that early period managed to position itself not as one of the options, but rather as crypto itself. So when a lot of people think of crypto they associate it with BTC. But it's just an option, other coins offer different approaches and have diversified their goals so it's more like a smorgasbord than a main dish with plenty of side dishes.


Title: Re: Bitcoin is King
Post by: Lucius on July 29, 2022, 01:21:19 PM
I really don't get why would someone choose to spread his money over multiple coins to avoid risks when obviously it's not going to do anything.

And who do you think constantly keeps that story alive if not all those who invent some new super projects and are looking for new naive investors? The higher the price of Bitcoin, the easier it is for them to talk about diversification as an insurance mechanism, which makes no sense because of what you explained.



As for calling Bitcoin the king, I would not agree with such a title in any context because it does not reflect what Bitcoin represents, and also implies that there is some kind of kingdom that someone surely wants to conquer. The whole altcoins industry has never had nor will it ever make sense in the sense that it can change the relationship one has towards Bitcoin when it comes to trust and real decentralization.


Title: Re: Bitcoin is King
Post by: Despairo on July 29, 2022, 03:42:03 PM
Bitcoin remains the king of cryptocurrencies due to its underlying technology that gives it unique features. Security and anonymity are the primary properties that make Bitcoin a dominant virtual currency. Reliability, security, and stability – are some of the features that make Bitcoin the undisputed king of crypto. Indeed, the brand is the most synonymous with cryptocurrency.Bitcoin's excellent infrastructure, better security, and stable network make it a preference for most users. An investor can easily prefer Bitcoin over other digital currencies since it provides a security sense the value of bitcoin also increased every year due to these reasons in a nutshell BITCOIN is the KING
Bitcoin is pseudonymous not anonymous, if you want an anonymous coin, check Monero.

Anyone can track any transactions on blockchain where whole transactions recorded on public ledger, but they're don't know who own those address, except those address has any association with someone personal data that stored on exchanges or self published.

Bitcoin is the king because no one can compete Bitcoin until now, even on altcoin season where Ethereum was bullish and Bitcoin was bearish, it still not beat Bitcoin.


Title: Re: Bitcoin is King
Post by: Renampun on July 29, 2022, 03:50:26 PM
A small historical reminder that bitcoin is the only cryptocurrency that has remained in its positions for many years:


Now, during the crypto-winter period, I increasingly see people's opinions that in order to preserve value, to diversify their investments, you need to invest in the top 10 cryptocurrencies, because they symbolize reliability, value and definitely will not leave the market. But are these people wondering if the cryptocurrencies they see as diversification will still be in their top 10 spots in, say, 3 years?

Leaders change, depreciate, get stuck in terms of development and price growth, and only one asset remains unchanged. Bitcoin.
bitcoin is not resisted and will not be displaced from its position...

From the history that happened to the top 10 CMC, I see that XRP has fallen the most drastically, currently, XRP continues to be below the top 3, and it will be difficult for XRP to return to take position 2. those who invest in XRP will definitely regret holding their tokens for the long term because the ratings keep dropping, only bitcoin rank is absolute.


Title: Re: Bitcoin is King
Post by: amishmanish on July 29, 2022, 03:56:44 PM
Bitcoin is certainly the undisputed king. In fact the whole crypto ecosystem started with bitcoin. Bitcoin gave the proof that crypto assets can actually act as a currency. It is still the safest blockchain to invest in. Yes I do believe that Bitcoin too will need to evolve in future, as every technology does. It will be interesting to see how bitcoin will evolve to stay on top.


Title: Re: Bitcoin is King
Post by: BITCOIN4X on July 29, 2022, 04:21:13 PM
Bitcoin is the king of crypto, we've heard about it a lot, and it's a proven fact over the years.
Of course it is not misleading if we believe that the crypto that deserves to be called the king is bitcoin, that's because bitcoin is able to maintain its value compared to other altcoin. But if we are investors looking to maximize profits, then I don't think we should ignore the top 10 altcoin either. I'm sure not everyone will agree, but asset diversification is a good thing and not too bad to consider.

I expect bitcoin to be irreplaceable in the long term although now some altcoins seem to be more developed than ever. For its use case as a currency, bitcoin is still the first due to its decentralized, but surely other products will try to gain a place in the community as well.


Title: Re: Bitcoin is King
Post by: Agbe on July 29, 2022, 04:46:53 PM
Really bitcoin is the King of the Crypto space. As for me, the only Crypto currency that will not fade away is bitcoin. Example, when LUNA was in the Crypto space, people were saying that Luna was one of the best coin and they invited in it, when Luna crashed, they lost a lot from it.
In any firm in the world, there are specific years assigned to the permanency or further development of a company. And the years are estimated for five (5) years. That is if a firm stand in operation for the stipulated time of the five years or more, there is a possibility that the firm or company  will stay for a long period of time. And bitcoin has stayed (existed) for 13 years. Bitcoin in the Crypto currency world is all year high.


Title: Re: Bitcoin is King
Post by: famososMuertos on July 29, 2022, 05:23:44 PM
The title has an extemporaneous connotation, yes, the data is there and they continue to keep it in the position of honor, but I think that regardless of hierarchical positions that will surely vary in the future, that will not matter, bitcoin will always have that designation, if it reaches 100 years of existence, and if at a certain moment the numbers do not reflect primary positions is something that will not lose validity. Come on, he's the "Elvis" of cryptocurrencies...  8)


Title: Re: Bitcoin is King
Post by: dataispower on July 29, 2022, 05:25:39 PM
I learned about cryptocurrency 6 ago, since then I have always see Bitcoin rated the top 1 cryptocurrency, some times I wish I got to know about it when it was yet $1k. Today Bitcoin price got to $24k and according to a Crypto analyst who said that if Bitcoin crossed $30k, it means that the bull market is about to start, I just hope it does.
Learning of cryptocurrency is something that is simple and it's matter of time and matter of making research at all times. No need of spreading time of years to learn cryptocurrency and understand it. Some people use small space of time to bitcoin from the internet while some people somebody most put them through before they can understand cryptocurrency. What is in the cryptocurrency learning is the time of understanding the chart and time to understand the chart and how to do investment. And all this are very simple except the chart.


Title: Re: Bitcoin is King
Post by: virasisog on July 29, 2022, 05:43:11 PM
Bitcoin is certainly the undisputed king. In fact the whole crypto ecosystem started with bitcoin. Bitcoin gave the proof that crypto assets can actually act as a currency. It is still the safest blockchain to invest in. Yes, I do believe that Bitcoin too will need to evolve in the future, as every technology does. It will be interesting to see how bitcoin will evolve to stay on top.

Bitcoin has reached lots of milestones and passed different tests over time which is its advantage over other coins. It's also the most trusted coin since it has shown great improvement and development for years. It will always be on top since most investors prefer buying it because of its reputation. I believe that it will always be on top and will still emerge in the coming year.


Title: Re: Bitcoin is King
Post by: yudi09 on July 30, 2022, 07:52:18 AM
Bitcoin is best for many reasons not limited to:

  • Longest running blockchain
  • Largest market cap
  • Anonymous creator (no one liable)
  • Accepted most places
  • Perfect algorithm and scaling

Anything else?
There is.

  • Potentially growing.
  • Has no effect on the banking system.

Potential continues to grow because bitcoin users are increasing and will have a positive impact on the growth of Bitcoin values in the future.
If the world experiences a financial crisis due to war or so on, in my opinion Bitcoin will not have an impact because it is not controlled by the bank. Bitcoin will be an asset that remains intact even though the world is war.

Bitcoin is truly king.


Title: Re: Bitcoin is King
Post by: Ultegra134 on July 30, 2022, 10:59:14 AM
This really means little. BTC had a significant head start compared to other coins and in that early period managed to position itself not as one of the options, but rather as crypto itself. So when a lot of people think of crypto they associate it with BTC. But it's just an option, other coins offer different approaches and have diversified their goals so it's more like a smorgasbord than a main dish with plenty of side dishes.
While that's true, it did have a head start, but so did other altcoins such as Litecoin, or Namecoin, the first altcoin ever created. None of the two mentioned though are in the top 10 list of Coinmarketcap. Bitcoin is currently the oldest surviving cryptocurrency (not the first one to ever be created, though), with the largest market cap, while its dominance is up to 42%. I think that's pretty self-explanatory.


Title: Re: Bitcoin is King
Post by: CageMabok on July 30, 2022, 02:02:09 PM
Even if it had been from the very beginning, the essence of this would not have changed. It would be the same there. Bitcoin is always in the first place, and the 2nd-10th place is shuffled every year. The essence of this picture is not to show the historical distribution of the first 10 coins of the industry, but that invariably in the crypto world only one -  bitcoin. Everything else comes and goes. For altcoins, relevance is constantly changing.
Super true and your explanation is amazing. since 2017 I see Bitcoin is in the first place and until now it is still in the first place. This shows that Bitcoin is always stronger than altcoins every year, so changes in the position of altcoins from 2 - 10 are always there and are always more frequent. I'm sure for next year where Bitcoin will still be the same as now, which is at number 1, so Bitcoin deserves to be said as King because its position is difficult to be taken over by others.


Title: Re: Bitcoin is King
Post by: Moeda on July 30, 2022, 05:01:24 PM
~
Leaders change, depreciate, get stuck in terms of development and price growth, and only one asset remains unchanged. Bitcoin.

Of course Bitcoin will still get the first position in the crypto sequence which is dubbed the king of crypto. But not with crypto which is from second to tenth position.
I think Ethereum's position will be threatened by Tether within the next year, exactly when the market crash occurs.
The current market conditions are not good, considering the story in the past few years. This makes a significant change in position in crypto, it is possible that the position will be taken over by a stable coin.


Title: Re: Bitcoin is King
Post by: Queentoshi on July 30, 2022, 07:26:55 PM
If Bitcoin is King, who is the Queen? :)


Title: Re: Bitcoin is King
Post by: Wakate on July 30, 2022, 07:50:49 PM
If Bitcoin is King, who is the Queen? :)
Tiu wanna know the queen? Then you have to think twice to know who could be the queen. If we are talking about adoption the we will have to take a close look an Ethereum which is the next most adoption token in the crypto market. Ethereum is a big project just like we have Bitcoin and it had been making waves since 2017. After Bitcoin then we need to take a look at Ethereum which is also next after Bitcoin. There are other projects also that are like Ethereum too.


Title: Re: Bitcoin is King
Post by: decodx on July 30, 2022, 08:45:02 PM
This really means little. BTC had a significant head start compared to other coins ...

Regardless, I think this means a lot. Do you remember Netscape, or services like MySpace or AIM? They all had a head start but ultimately failed because they were replaced by more robust and user friendly alternatives, like Firefox, Google, or Facebook. Therefore, I do not think that head start alone is enough to dictate success or failure.

If Bitcoin is King, who is the Queen? :)

Who says there has to be only one queen?


Title: Re: Bitcoin is King
Post by: Queentoshi on July 31, 2022, 12:06:16 AM
Who says there has to be only one queen?
Maybe not one Queen perhaps, but among the queens there must be a number one among them all, don't you think so?

After Bitcoin then we need to take a look at Ethereum which is also next after Bitcoin. There are other projects also that are like Ethereum too.
I think I agree with this.


Title: Re: Bitcoin is King
Post by: onecall123 on July 31, 2022, 03:44:58 AM
Bitcoin is cryptocurrency The main tool in the world is because crypto-currencies without Bitcoin are more stagnant than you can imagine.Bitcoin can be considered as the lifeblood of crypto currency although Bitcoin is suitable as the oldest coin.But according to the information of the investors that have the most investors, you can consider which coins are the most acceptable.Of course protecting bitcoin websites can be determined then Bitcoin is the lifeblood of the cryptocurrency world

When purchasing outside of Bitcoin, you are essentially gambling with your money in uncertain times. As of right now, Bitcoin is king, and none of the other coins are useful. Bitcoin has become more trustworthy in these times. In comparison to other crypto-currencies, Bitcoin is far more secure and much more strong.


Title: Re: Bitcoin is King
Post by: Smack That Ace on July 31, 2022, 04:38:57 AM
If Bitcoin is King, who is the Queen? :)
Tiu wanna know the queen? Then you have to think twice to know who could be the queen. If we are talking about adoption the we will have to take a close look an Ethereum which is the next most adoption token in the crypto market. Ethereum is a big project just like we have Bitcoin and it had been making waves since 2017. After Bitcoin then we need to take a look at Ethereum which is also next after Bitcoin. There are other projects also that are like Ethereum too.

Bitcoin is the king of crypto and Ethereum is the queen of altcoins. No one can be more deserving than eth for the position of queen, a good coin after bitcoin and also widely accepted. 10 years have passed, there were many projects born and always wanted to kill, replace, overthrow BTC or ETH but all failed miserably. Looking at projects today there is really no worthy coin to take the place of kings and queens and always will be, no one can challenge bitcoin or eth.


Title: Re: Bitcoin is King
Post by: worle1bm on July 31, 2022, 05:19:09 AM
This is why it's said to invest in Bitcoin as it's the only coin holding the top position for all these years while all others have gone out of market.You should be holding some part in bitcoin to secure your future but can also diversify your portfolio with some altcoins you like but most of them are turning out to be scam these days so be wise to avoid them and stick to some top one's only if you wish to do so.

But yes bitcoin is the king of the market and there's no doubt in that.


Title: Re: Bitcoin is King
Post by: ethereumhunter on July 31, 2022, 05:40:44 AM
Super true and your explanation is amazing. since 2017 I see Bitcoin is in the first place and until now it is still in the first place. This shows that Bitcoin is always stronger than altcoins every year, so changes in the position of altcoins from 2 - 10 are always there and are always more frequent. I'm sure for next year where Bitcoin will still be the same as now, which is at number 1, so Bitcoin deserves to be said as King because its position is difficult to be taken over by others.
No doubt about that. Since I have known bitcoin, I consider that the altcoin market will always follow where bitcoin moves because bitcoin is the first coin in the crypto and lead the market. The position on the number 2 and the next number will always change but bitcoin is still in the position at number 1. That is why bitcoin will remain as King in the crypto market. Besides that, people who know the crypto market will hear about bitcoin first than the other coins, although right now, people hear about the new project that releases out there, but they will know that bitcoin is the leader in the crypto market.


Title: Re: Bitcoin is King
Post by: davis196 on July 31, 2022, 06:01:20 AM
If Bitcoin is King, who is the Queen? :)

Probably Tether. Many people keep arguing that Tether was the main reason behind Bitcoin's massive price pump in 2017(and maybe in 2021).
A queen must support her king. ;D
Anyway, comparing Bitcoin to altcoins is pointless at this point. No altcoin is capable of gaining the amount of trust and authority that Bitcoin Core has. Even that imposter BCH altcoin was in the Top 10 list for a while. That's how strong Bitcoin actually is. The altcoins, that are pretending to be Bitcoin actually get to top only because they pretend to be Bitcoin. ;D
I've asked myself multiple times during all those years. Do we really need altcoins? Having competition on the market is great, but no other coin can compete with Bitcoin.


Title: Re: Bitcoin is King
Post by: hyudien on July 31, 2022, 08:28:46 AM
The top 10 cryptocurrencies do not guarantee to last more than 10 years. That changed and Bitcoin remains Bitcoin. Irreplaceable and indeed nothing can replace its position as a promising investment vehicle.
So personally for me, trying to get down from the top 10 monitoring on Coinmarketcap maybe only 3-5 that can be prioritized.


Title: Re: Bitcoin is King
Post by: mia_houston on July 31, 2022, 09:05:40 AM
Talking about popularity, usability and also the forerunner then it is indeed feasible to be make bitcoin as the king of cryptocurrencies, regarding popularity, perhaps there is no other crypto that can compete with bitcoin so far as well as its usefulness which can be said to be multifunctional both as an investment tool and a means of payment, the large community owned by bitcoin has supported the countinue to development of bitcoin expanding and maybe we are just waiting for the time if bitcoin adoption globally will be carried out, I remember when there was another crypto (YFI) that cost more than bitcoin but still people trust bitcoin more as an investment asset and their trust paid off when the crypto market plummeted YFI fell even worse than bitcoin today.


Title: Re: Bitcoin is King
Post by: Joswa Russell on August 01, 2022, 03:51:43 AM
I have no doubt in saying that bitcoin is still the best crypto ever. Nearly all new traders know cryptocurrencies because of bitcoin. It might be going down at the moment but many consider it as a great time to stock up their wallet with new bitcoins. I mean when it is here to stay, why don't you buy it at a low price.


Title: Re: Bitcoin is King
Post by: laurenB7742 on August 01, 2022, 04:44:16 AM
~~ I remember when there was another crypto (YFI) that cost more than bitcoin but still people trust bitcoin more as an investment asset and their trust paid off when the crypto market plummeted YFI fell even worse than bitcoin today.
YFI, is this the first coin to make defi trend? It is not believed by many people, as we all know that it is a transient and unsustainable hype that will not last. It is not difficult for a coin used for hype to be worth more than bitcoin, YFI value is sometimes higher than bitcoin but in terms of market capitalization and number of holders, its popularity has never surpassed bitcoin.


Title: Re: Bitcoin is King
Post by: Wind_FURY on August 01, 2022, 05:53:18 AM

Leaders change, depreciate, get stuck in terms of development and price growth, and only one asset remains unchanged. Bitcoin.


It's because it does just one thing, and it's doing it VERY WELL, as a decentralized, censorship-resistant cryptocurrency that can be used as a Store of Value and a Medium of Exchange. All those other blockchains with "many features" are a Rube Goldberg Machine, that overcomplicate solutions instead of simplifying them.

"Cryptocurrency Number 2" is the biggest Rube Goldberg Machine. Jimmy Song explained it in his blog, https://jimmysong.substack.com/p/ethereum-is-a-rube-goldberg-machine


Title: Re: Bitcoin is King
Post by: usekevin on August 01, 2022, 07:06:18 AM
Bitcoin is the king of cryptocurrency from the beginning,their is no doubt in that.When the price of bitcoin crossed the value of 60k$,it gives the investors huge hope.It bring the most investors again and again.The price pump will be the ultimate one for the investors belief.Later on huge people invested on the bitcoin and due to some dump.The price of bitcoin had back to 20k,it will be the one of the best opportunity.


Title: Re: Bitcoin is King
Post by: sunsilk on August 01, 2022, 07:22:37 AM
In the altcoins, there will really be a lot of changes and I always get to see those conversations that something might happen to replace bitcoin at the top. I cannot fathom what they're thinking if bitcoin has already proved its worth for so many years.

They're comparing it to old tech companies like Nokia, Blackberry, etc. But they cannot realize that bitcoin is no the same from those companies that has to keep with their products up-to-date setting whilst for bitcoin.

It is the market that makes it up-to-date. I'm sure that many from the top 10 will be replaced by the next bull run but one thing will remain, bitcoin as #1.


Title: Re: Bitcoin is King
Post by: TheGreatPython on August 02, 2022, 10:49:49 AM
In the altcoins, there will really be a lot of changes and I always get to see those conversations that something might happen to replace bitcoin at the top. I cannot fathom what they're thinking if bitcoin has already proved its worth for so many years.

They're comparing it to old tech companies like Nokia, Blackberry, etc. But they cannot realize that bitcoin is no the same from those companies that has to keep with their products up-to-date setting whilst for bitcoin.

It is the market that makes it up-to-date. I'm sure that many from the top 10 will be replaced by the next bull run but one thing will remain, bitcoin as #1.
I think the problem is that it’s an "aim" not reality. I mean you do not have to be higher than bitcoin, but it sure doesn't make sense if you create a project with the sole understanding that you will never replace bitcoin. What I always say about the comparison is thinking yourself as a sports player.

If you are going against Nadal, you can't go in to a game with him thinking that you will lose or he is better, you have to think that he is old now, and he is not as good as he used to be, you are better, you are more talented etc etc, you have to tell yourself that otherwise what is even the point of going up against him, just leave. Same for projects, they need to think they will be above bitcoin one day, they have to, not because it needs to be reality, but because otherwise what’s the point of creating a new one?


Title: Re: Bitcoin is King
Post by: Morosophy on August 03, 2022, 03:52:16 AM
Due to the large volume of Bitcoin holders and its market cap it can be regarded as the king. Volatility is the true nature of bitcoin which leads to great fluctuations in its price values. Many hopes have been set by the people on bitcoin in the coming years.


Title: Re: Bitcoin is King
Post by: Razmirraz on August 03, 2022, 04:48:29 AM
It is very interesting discuss Bitcoin which has always been the King of Cryptocurrency from year to year. The development of bitcoin is much more advanced than the previous year, from its initial appearance it was only considered a joke until it was officially adopted as a legal tender in a country. El Salvador policy of embracing Bitcoin as a legal tender has prompted several other Latin American leaders to indicate that they will follow El Salvador lead. Support from several countries is a significant change for bitcoin reputation on the world stage.

Then the question arises, why did the country officially adopt Bitcoin as a legal tender, why the choice was only Bitcoin, even though there are so many other cryptocurrencies that are still in circulation. The answer is because Bitcoin is the King of all existing Cryptocurrencies.


Title: Re: Bitcoin is King
Post by: coinsrider on August 03, 2022, 05:00:27 AM
definitely bitcoin is King even if there has been a great fall during 2022 BTC will reemerge and reach new heights and peaks.


Title: Re: Bitcoin is King
Post by: maartenhaha on August 03, 2022, 03:54:53 PM
With the creation of bitcoin by Satoshi Nakamoto, another alcoin was born. As far as I remember bitcoin is only a medium of exchange to buy burgers and alcoin does not yet exist, then over time bitcoin is increasingly recognized by the public and many investors believe in bitcoin and the price of bitcoin is increasing. more expensive, so it appears. there are other alcoins so with this it is very reasonable to say bitcoin is the king of alcoins.


Title: Re: Bitcoin is King
Post by: Dunamisx on August 03, 2022, 09:08:46 PM
In the altcoins, there will really be a lot of changes and I always get to see those conversations that something might happen to replace bitcoin at the top.

I've also experienced similar threads on he forum as well, same way i don't know what they were thinking by not considering the years it has remained undisputable.

I cannot fathom what they're thinking if bitcoin has already proved its worth for so many years.

They are the set of people well known for antagonizing progress and continuity, all their chase is after air, vanity.

They're comparing it to old tech companies like Nokia, Blackberry, etc. But they cannot realize that bitcoin is no the same from those companies that has to keep with their products up-to-date setting whilst for bitcoin.

One of the common things attributed to them is that they will always find a means to justify their wrongs, they had forgotten that product is different from currency which can be use to buy the entire producing factory of a particular product, that's how far bitcoin can go in surprising them.


Title: Re: Bitcoin is King
Post by: mahsomcorp on August 04, 2022, 07:42:57 AM
Exactly bitcoin is a king and it'll be going to be on top .


Title: Re: Bitcoin is King
Post by: killerfrost on August 04, 2022, 08:16:25 AM
Yes, we all see the influence of BTC in the market. At each different stage, its price always greatly affects the rest. I find diversifying over the years as a temporary process and enough to cause us to continue to increase BTC after each new cycle. Maybe each person will have a different view of the return that the market can make, but the more we look to the future, the more we look to BTC.


Title: Re: Bitcoin is King
Post by: kro55 on August 04, 2022, 09:07:05 AM
In the altcoins, there will really be a lot of changes and I always get to see those conversations that something might happen to replace bitcoin at the top. I cannot fathom what they're thinking if bitcoin has already proved its worth for so many years.

They're comparing it to old tech companies like Nokia, Blackberry, etc. But they cannot realize that bitcoin is no the same from those companies that has to keep with their products up-to-date setting whilst for bitcoin.

It is the market that makes it up-to-date. I'm sure that many from the top 10 will be replaced by the next bull run but one thing will remain, bitcoin as #1.
I think the problem is that it’s an "aim" not reality. I mean you do not have to be higher than bitcoin, but it sure doesn't make sense if you create a project with the sole understanding that you will never replace bitcoin. What I always say about the comparison is thinking yourself as a sports player.

If you are going against Nadal, you can't go in to a game with him thinking that you will lose or he is better, you have to think that he is old now, and he is not as good as he used to be, you are better, you are more talented etc etc, you have to tell yourself that otherwise what is even the point of going up against him, just leave. Same for projects, they need to think they will be above bitcoin one day, they have to, not because it needs to be reality, but because otherwise what’s the point of creating a new one?

I get what you mean, there's always a goal for us to strive for, if that's the case then that's fine. But in general, today's altcoin projects don't have to take bitcoin as a target, they use bitcoin to compare, seek to bring down bitcoin and increase the value of their project, it's marketing hype. More than 10 years have passed in addition to ETH, most of the projects after being inflated will be replaced or disappeared. I just see them trying to make a profit rather than create real value for the crypto industry.


Title: Re: Bitcoin is King
Post by: Xeon on August 04, 2022, 07:14:06 PM
It is also reasonable to believe that bitcoin is heavy and slow, meaning new stuff would always have an easier room to breathe and who would want to take place of bitcoin like that. Bitcoin is so much in trouble when it comes to transaction numbers that we are talking about billions every single day, sure maybe not all are trading, but it moves and that's what matters.

Even the places like SOL which promotes that they can do 65k TPS, fail at 15k and we have seen it happen, it cannot have it right away, it needs to gradually go up to get there not all at once suddenly. This is why I believe that we shouldn't be shocked to learn no other project could dethrone bitcoin, it would be quite difficult.


Title: Re: Bitcoin is King
Post by: blackened515 on August 04, 2022, 10:30:54 PM
 
With the creation of bitcoin by Satoshi Nakamoto, another alcoin was born. As far as I remember bitcoin is only a medium of exchange to buy burgers and alcoin does not yet exist, then over time bitcoin is increasingly recognized by the public and many investors believe in bitcoin and the price of bitcoin is increasing. more expensive, so it appears. there are other alcoins so with this it is very reasonable to say bitcoin is the king of alcoins.
Bitcoin have a very high level of popularity around the globe. Although, it price lately probably made some Bitcoin owners sell their coin, because they couldn't be patient enough. But, Bitcoin still remains the King of all other alcoins. Moreover, it is presently the most expensive. However, after from been the most expensive, it is also known as the only coin that have been leading other coins in the history of Cryptocurrency.


Title: Re: Bitcoin is King
Post by: Devifajarina on August 05, 2022, 04:05:17 AM
A small historical reminder that bitcoin is the only cryptocurrency that has remained in its positions for many years:


Now, during the crypto-winter period, I increasingly see people's opinions that in order to preserve value, to diversify their investments, you need to invest in the top 10 cryptocurrencies, because they symbolize reliability, value and definitely will not leave the market. But are these people wondering if the cryptocurrencies they see as diversification will still be in their top 10 spots in, say, 3 years?

Leaders change, depreciate, get stuck in terms of development and price growth, and only one asset remains unchanged. Bitcoin.
Judging from the picture you uploaded, only bitcoin is the only one that is really able to stay at number one, since 2015 until now, then has a shift from the beginning to the present, but the shift or stay in the sequence is not a guarantee, the coin has increasing price all the time, this image only shows the rank position of the coin.

What we can take from the picture, the coins that are ranked in the top 10 do not provide a guarantee regarding the price, therefore the position of bitcoin is still very profitable in the next few years


Title: Re: Bitcoin is King
Post by: 8rch7 on August 05, 2022, 04:19:56 AM
definitely bitcoin is King even if there has been a great fall during 2022 BTC will reemerge and reach new heights and peaks.
It's true as you said bitcoin is king, because after bitcoin price started to rise and many companies accepted bitcoin there were even countries that have legalized bitcoin and there are countries that accept bitcoin as legal tender, with the growing popularity of bitcoin and many adopting bitcoin then automatically other coins appear, but even though many other coins have sprung up, the price is still below bitcoin, and people who adopt other coins are still under bitcoin, because for now there is no other coin that can compete with bitcoin prices.


Title: Re: Bitcoin is King
Post by: len01 on August 05, 2022, 06:14:27 AM
But are these people wondering if the cryptocurrencies they see as diversification will still be in their top 10 spots in, say, 3 years?
it is likely that bitcoin and ethereum will continue to occupy the top 10 spots in that table.
because i firmly believe these two coins are coins that will never become extinct in the future and will probably be increasingly recognized by people throughout the country.
and i think bitcoin and ethereum are coins that will continue to stay at the highest point in the market and have the potential to be much more valuable in the next 3 or 10 years.
from here the reason i always buy and hold bitcoin and ethereum for long term


Title: Re: Bitcoin is King
Post by: Igurugwu on August 05, 2022, 11:00:31 AM
Indeed Bitcoin is King and will remain king for a very long time to come. I would rather advise that one should invest in project with solid foundation and use cases, instead of basing judgement on ranking.


Title: Re: Bitcoin is King
Post by: Z-tight on August 05, 2022, 01:59:58 PM
Due to the large volume of Bitcoin holders and its market cap it can be regarded as the king. Volatility is the true nature of bitcoin which leads to great fluctuations in its price values. Many hopes have been set by the people on bitcoin in the coming years.
I will not refer to 'volatility' as the true nature of bitcoin, yes bitcoin is volatile and it is nice for speculators, though as bitcoin progresses towards its fixed supply of 21 million, adoption will increase and in response volatility will reduce, so i will not say it is the true nature of bitcoin because in my opinion, bitcoin will not be too volatile forever.

Needless to say that bitcoin is decentralized, and that is its true nature, nothing can happen to change bitcoin's decentralized nature, control rests in the hands of the individual, and it will remain that way even in a thousand years if bitcoin is around then.


Title: Re: Bitcoin is King
Post by: fisica1314 on August 05, 2022, 09:46:42 PM
this is right!!! ;D


Title: Re: Bitcoin is King
Post by: minairia3 on August 05, 2022, 10:04:12 PM
But are these people wondering if the cryptocurrencies they see as diversification will still be in their top 10 spots in, say, 3 years?
it is likely that bitcoin and ethereum will continue to occupy the top 10 spots in that table.
because i firmly believe these two coins are coins that will never become extinct in the future and will probably be increasingly recognized by people throughout the country.
and i think bitcoin and ethereum are coins that will continue to stay at the highest point in the market and have the potential to be much more valuable in the next 3 or 10 years.
from here the reason i always buy and hold bitcoin and ethereum for long term

It is certain that these top 2 coins will not become extinct, if they do not exist then the crypto industry will plunge and lead to the brink of bankruptcy.

Although bitcoin is an old, aging technology with a slow pace, there is no denying that it has worked well for the past 13 years without any problems like hacking or network outages. We often hear about hacks, incidents like solana network, near, dot... but there has never been any news of bitcoin network being hacked. There is a clear difference between bitcoin and altcoins.


Title: Re: Bitcoin is King
Post by: Slow death on August 05, 2022, 10:37:02 PM
People need to stop believing in this TOP 10 fairy tale. if an altcoin suffers a lot of pump and dump it will surely be in this top 10 even though it is shitcoin, so this top 10 should not be something of a metric to say that an altcoin is good or no, on the matter of diversifying, if someone buys a lot of cryptocurrencies that person is not diversifying the investment, that person is just taking more risk of losing money. to diversify would be to have a cryptocurrency, to have other assets like gold and business in the real world

But are these people wondering if the cryptocurrencies they see as diversification will still be in their top 10 spots in, say, 3 years?
it is likely that bitcoin and ethereum will continue to occupy the top 10 spots in that table.
because i firmly believe these two coins are coins that will never become extinct in the future and will probably be increasingly recognized by people throughout the country.
and i think bitcoin and ethereum are coins that will continue to stay at the highest point in the market and have the potential to be much more valuable in the next 3 or 10 years.
from here the reason i always buy and hold bitcoin and ethereum for long term

It is certain that these top 2 coins will not become extinct, if they do not exist then the crypto industry will plunge and lead to the brink of bankruptcy.

Although bitcoin is an old, aging technology with a slow pace, there is no denying that it has worked well for the past 13 years without any problems like hacking or network outages. We often hear about hacks, incidents like solana network, near, dot... but there has never been any news of bitcoin network being hacked. There is a clear difference between bitcoin and altcoins.

Altcoin like ETH can be replaced with something better in the future, the only currency that will be very difficult to replace is bitcoin for being decentralized and having anonymous creator brings more security to people


Title: Re: Bitcoin is King
Post by: BobK71 on August 06, 2022, 06:55:11 AM
People need to stop believing in this TOP 10 fairy tale. if an altcoin suffers a lot of pump and dump it will surely be in this top 10 even though it is shitcoin, so this top 10 should not be something of a metric to say that an altcoin is good or no, on the matter of diversifying, if someone buys a lot of cryptocurrencies that person is not diversifying the investment, that person is just taking more risk of losing money. to diversify would be to have a cryptocurrency, to have other assets like gold and business in the real world

I agree with you that there must be variation in purchases but in that case you must think about which particular asset need to buy. I think if anyone invest in top 5 coins from top 10, the chances of losing are relatively low. In this case, there is a high possibility of increasing the price. one or two coins may be fallen in risk, but it is not possible for top five to collapse together.


Title: Re: Bitcoin is King
Post by: Raflesia on August 06, 2022, 07:23:32 AM
People need to stop believing in this TOP 10 fairy tale. if an altcoin suffers a lot of pump and dump it will surely be in this top 10 even though it is shitcoin, so this top 10 should not be something of a metric to say that an altcoin is good or no, on the matter of diversifying, if someone buys a lot of cryptocurrencies that person is not diversifying the investment, that person is just taking more risk of losing money. to diversify would be to have a cryptocurrency, to have other assets like gold and business in the real world

I agree with you that there must be variation in purchases but in that case you must think about which particular asset need to buy. I think if anyone invest in top 5 coins from top 10, the chances of losing are relatively low. In this case, there is a high possibility of increasing the price. one or two coins may be fallen in risk, but it is not possible for top five to collapse together.
top 5 should also be seen that if we look at the picture given by the OP, it is clear that in the top 5 there is at least USDT and USDC there which incidentally is a stable coin which is not very suitable if you say investment for the long term.
They are indeed good enough for trading but when it says Invest it is clearly not a good enough option.


Title: Re: Bitcoin is King
Post by: tbterryboy on August 06, 2022, 11:03:31 AM
They're comparing it to old tech companies like Nokia, Blackberry, etc. But they cannot realize that bitcoin is no the same from those companies that has to keep with their products up-to-date setting whilst for bitcoin.

One of the common things attributed to them is that they will always find a means to justify their wrongs, they had forgotten that product is different from currency which can be use to buy the entire producing factory of a particular product, that's how far bitcoin can go in surprising them.
Unfortunately, the companies that promises the starts to you, hopes that they land on the trees at the very least, not the other way around. I have been working as a marketing expert on a dozen projects so far, and I know what they tell the public and I know what they talk inside.

I knew places that had literally just 1-2k dollars left to go on and either find a way to make more money, which is opposite of what a project should be made for, or they are going to go bankrupt and the project will fail. So, they keep lying about how it is all well and how everything is going great and how everyone should be feeling super in love with it etc etc, which in reality is "how will we survive another week like this" in reality.


Title: Re: Bitcoin is King
Post by: Lambent on September 29, 2022, 06:33:38 AM
It is better to diversify and invest in coins that have remained in the top 3 or 4 positions for a long period of time. If you analyse the market, you will clearly see that it's bitcoin, ethereum and tether dominating the top. Diversification should be done carefully, after proper research. Or else investing a part of your capital in the wrong coin can result in loss.


Title: Re: Bitcoin is King
Post by: romero121 on September 29, 2022, 06:53:37 AM
Going through the history of cryptocurrency, it is possible to see a list of cryptocurrencies that have been developed and never gained the importance as bitcoin. During the year 1983 itself cryptographic based electronic money ecash developed. Further many more development have been tossed.

Finally bitcoin came into existence and used till now. Soon after bitcoin few other cryptocurrencies have got developed. One amongst is the Litecoin and that is still in use. Among the list of cryptocurrencies developed during the days of bitcoin into existence, most have gone out of the market. This too a reason that can be added to state bitcoin is King.


Title: Re: Bitcoin is King
Post by: hyudien on September 29, 2022, 07:38:50 AM
Since bitcoin has always occupied an irreplaceable position, I think it's all enough to show that no crypto really deserves it other than Bitcoin. At least for me personally Bitcoin will remain king and other crypto looks normal to me. They don't last long, they will be constantly replaced with new ones or with some trending altcoins. The top 10 cryptocurrencies on CMC are not really trustworthy, see Ethereum as the second position now heading towards PoS and getting more and more centralized by the day. PoW proves bitcoin is where it should be then, now, and forever.


Title: Re: Bitcoin is King
Post by: Invester on September 29, 2022, 08:39:38 AM
Bitcoin is just different among others. For many years I was looking at Ethereum as the best coin within reach that can take over Bitcoin at the top. Merge is done turning Ethereum into POS. There are clamors that ETH is heading towards indirect centralization. There are POW believers that jumped ship to ETC and ETHW. The next ATH are possibly happening in 2025 and I am confident that Bitcoin will remain on top while there is no assurance that ETH will remain second.


Title: Re: Bitcoin is King
Post by: len01 on September 29, 2022, 09:10:04 AM
It is better to diversify and invest in coins that have remained in the top 3 or 4 positions for a long period of time. If you analyse the market, you will clearly see that it's bitcoin, ethereum and tether dominating the top. Diversification should be done carefully, after proper research. Or else investing a part of your capital in the wrong coin can result in loss.

Investing in multiple assets, surely decrease the risks involved, but that’s too decrease the fact that the profit will also less.
Bitcoins and ETH might be the good choice for investment if we see through market research. It’s quite popular also and have the highest marketcap.
Currently both the coins are priced at the best price possible, all thanks to bear market. So buy as many Bitcoins as you can in this bear market and have fun later on.
what you say is very true. buying when the bearish season arrives as it is now is an opportunity to buy cheaply which we will not be able to do when bitcoin prints new ATH in the year to come.
remember that every 4 years or 5 years bitcoin always gives something very extraordinary to loyal investors who always buy and hold after that waiting for bitcoin to provide a party place for all of us.
well although ethereum is also good as an investment tool but it would be better if you always buy bitcoin and hold it because bitcoin never betrays its investors


Title: Re: Bitcoin is King
Post by: BALIK on September 29, 2022, 09:16:32 AM
~~ see Ethereum as the second position now heading towards PoS and getting more and more centralized by the day. PoW proves bitcoin is where it should be then, now, and forever.

It can be seen that ethereum has held the 2nd place quite well, no altcoin has been able to surpass it in recent years. But just as you are concerned, the full move to POS, the queen position of ethereum can continue to hold in the future or not. Thanks to POW, ethereum has set itself apart from the rest of altcoins, but once it decides to become like the rest, the future of it remains in question. Many people predict the capitalization of ethereum will overtake bitcoin in the future but with the upgrade to POS, I think the opportunity for ETH has disappeared and no one can afford to take the throne of bitcoin.


Title: Re: Bitcoin is King
Post by: lissiacmag on November 14, 2022, 06:46:38 AM
A small historical reminder that bitcoin is the only cryptocurrency that has remained in its positions for many years:


Now, during the crypto-winter period, I increasingly see people's opinions that in order to preserve value, to diversify their investments, you need to invest in the top 10 cryptocurrencies, because they symbolize reliability, value and definitely will not leave the market. But are these people wondering if the cryptocurrencies they see as diversification will still be in their top 10 spots in, say, 3 years?

Leaders change, depreciate, get stuck in terms of development and price growth, and only one asset remains unchanged. Bitcoin.
The status of Bitcoin is unshakable, and all altcoins have to look at the face of Bitcoin. No matter how prosperous the altcoin is and how high the attention is, it is the younger brother in front of Bitcoin


Title: Re: Bitcoin is King
Post by: Adamlaria on November 14, 2022, 07:37:48 AM
Bitcoin is the symbol of cryptocurrency. All other coins follow Bitcoin's volatility. When Bitcoin falls, other coins will surely fall. When Bitcoin rises, so do other coins. Bitcoin is the center.


Title: Re: Bitcoin is King
Post by: 721Lamont on November 14, 2022, 03:18:00 PM
It would have been nice to understand the point that Bitcoin is king sooner. Invested in other altcoins and lost a lot of money before I understood that only bitcoin doesn't go to zero.


Title: Re: Bitcoin is King
Post by: KennyR on November 27, 2022, 11:10:41 PM
In an pictorial representation of the growth chart of a big number of cryptocurrencies available in the market it is possible to see the progress of bitcoin. This shows how good is bitcoin against the rest of the altcoins. There is regular growth even when the market suffers unexpected crash.

Bitcoin is termed to be the king, because it is the reference upon which the entire empire is being constructed. If bitcoin haven't existed, there shouldn't be the word altcoins.


Title: Re: Bitcoin is King
Post by: GeorgeJohn on November 27, 2022, 11:17:32 PM
I learned about cryptocurrency 6 ago, since then I have always see Bitcoin rated the top 1 cryptocurrency, some times I wish I got to know about it when it was yet $1k. Today Bitcoin price got to $24k and according to a Crypto analyst who said that if Bitcoin crossed $30k, it means that the bull market is about to start, I just hope it does.
Actually Bitcoin is a kind of currency that we can't predict of the time factor of the bullish market and bearish market, because i believe that Bitcoin have like rotation and limitations in terms of price acceleration, before if bitcoin experience bearish market and it happened to be over stayed, what happened is that it circled after period of four years before it will get accelerated, under bearish it can be fluctuating which it can reach that proposed 30k and degrade in the values. So it's unpredictable.


Title: Re: Bitcoin is King
Post by: Ummarr on December 03, 2022, 10:35:03 PM
There are different ways abd opinions in BTC.
I see many people misusing BTC which I think they're just losing opportunities bitcoin is very good platform for us to engage and get the use of and always bitcoin is promoting so when we got engage in it will help us
....


Title: Re: Bitcoin is King
Post by: crunck on December 03, 2022, 11:01:24 PM
Bitcoin is the symbol of cryptocurrency. All other coins follow Bitcoin's volatility. When Bitcoin falls, other coins will surely fall. When Bitcoin rises, so do other coins. Bitcoin is the center.

Just by looking at the market capitalization on coinmarketcap, we can see that bitcoin's capitalization for over 40% of the total market capitalization, which shows the strength it is having. Yes, bitcoin is the cradle of the crypto industry and will always be the king of the market not only now but even in the future I don't think there will be a coin that can replace bitcoin, since the coin is currently generated from profit, there is no real utility or use case.


Title: Re: Bitcoin is King
Post by: BitDane on December 03, 2022, 11:05:27 PM
In an pictorial representation of the growth chart of a big number of cryptocurrencies available in the market it is possible to see the progress of bitcoin. This shows how good is bitcoin against the rest of the altcoins. There is regular growth even when the market suffers unexpected crash.

It also shows how the market of Bitcoin dictates the trend of cryptocurrency market.  If Bitcoin plummet, almost everything in the market plummet.  Same goes when the bitcoin market surge.

Bitcoin is termed to be the king, because it is the reference upon which the entire empire is being constructed. If bitcoin haven't existed, there shouldn't be the word altcoins.

It is termed king because of its dominant of the market.  And if Bitcoin is not created, I do not think altcoin will cease to exist, since if Bitcoin isn't created, there will be another form of currency that will be created in order to limit the financial institutions meddling.


Title: Re: Bitcoin is King
Post by: uneng on December 30, 2022, 04:21:16 PM
The picture representing "bitcoin as king" on this thread is the perfect example of why we, as investors, should always prioritize bitcoin as the main investment in crypto universe against any other altcoins' alternatives. When you look the history of cryptocurrency, there is no doubt only bitcoin is capable of delivering solid and lasting results to adopters.

Some feel tempted to invest in altcoins instead of bitcoin, because they believe financial returns are going to be much superior, but it ends that their choices fall in position and relevance in the market year after year, while those who weren't too greed and sticked to bitcoin, even knowing returns might not be so exorbitant like x10, x50, x100, are still making profit, slowly, but surely, cycle after cycle.


Title: Re: Bitcoin is King
Post by: Sweetbtc on March 06, 2023, 11:54:08 AM
The main reasons why Bitcoin is leading the cryptocurrency at the moment is that Bitcoin is an independent cryptocurrency with no one controlling it, besides its specific supply, and furthermore, it is a crypto that has Big investors and big companies have made their investments due to which it is considered as a very safe cryptocurrency and till date it stands at the top position in the market.Investing in any cryptocurrency can be risky at one point or another, but BTC is the only currency that has the lowest risk, if it is said to have no risk at all. This will also not be wrong because the day I lost my capital in bitcoin, consider the market to be over.


Title: Re: Bitcoin is King
Post by: cozytrade on March 06, 2023, 02:24:36 PM
There are different ways abd opinions in BTC.
I see many people misusing BTC which I think they're just losing opportunities bitcoin is very good platform for us to engage and get the use of and always bitcoin is promoting so when we got engage in it will help us
....
Yes I also think that there are many good opportunities available through Bitcoin.  As such there can be many problems.  But I totally believe in bitcoin. I have done a lot with bitcoin. But I think the future of bitcoin is very good. I put all my money in bitcoin because I believe in bitcoin a lot. I think bitcoin will be in a better position as time goes on.  will arrive. So I think we'll get something good if we put our money in Bitcoin.


Title: Re: Bitcoin is King
Post by: Mr.sprin on March 06, 2023, 03:07:44 PM
It would have been nice to understand the point that Bitcoin is king sooner. Invested in other altcoins and lost a lot of money before I understood that only bitcoin doesn't go to zero.
you think you are choosing the wrong alcoin for investment. if you choose a coin with potential then you don't lose money like ethereum coins and bnb coins, even if the price goes down you just wait for sure the price will go up again.


Title: Re: Bitcoin is King
Post by: Lida93 on March 06, 2023, 03:08:46 PM
There's a lot of factors to derive from the incontestable top position bitcoin has occupied amongst every other coins in this competitive market. For me these factors are in no particular order:
* Reliability/dependable
* Sustainability
* Resilience
* Durability
* Rest assurance for the investor (no fear of sudden dumping).
* Trusted by the sense of time. Etc
Looking at the table so far you will evaluate that every other coin lacks these factors as they are epileptic and  unstable in their positions as the year runs by.


Title: Re: Bitcoin is King
Post by: bitzizzix on March 06, 2023, 03:23:05 PM
Because of its unique specifications and bitcoin being the first cryptocurrency in the world and also irreplaceable, bitcoin is the king of cryptocurrencies because it has the largest market capitalization and ranks first and whatever is first is the winner or king.
and I think everyone knows the many advantages of bitcoin, especially in terms of very good profits or returns, security, transparency and so on.
and bitcoin's dominance in the cryptocurrency market represents the share of bitcoin's market cap in relation to the total market cap of the cryptocurrency industry, and a simple example:
the cryptocurrency market has a total market capitalization of 100.
and bitcoin has a market capitalization of 70.
then it is said that the dominance of the bitcoin market is 70%, and the other 30% are other cryptos of which there are so many. So bitcoin is called the irreplaceable king of crypto.


Title: Re: Bitcoin is King
Post by: JoyMarsha on March 06, 2023, 04:02:14 PM
All altcoins were created as a result of the bitcoin initiative. Without the invention of bitcoin, I don't believe altcoins would be able to exist in the crypto sphere.

In order to maximize profits during the bull market, investors are always recommended to diversify their holdings among the top 10 altcoins by adding bitcoin and a few additional prospective altcoins (2-4) to their portfolio. Investors in crypto investing in top altcoins for their reliability and value rather than to have them at the top of the CMC for an extended period.

It is a given that bitcoin will continue to lead all other altcoins for many years to come. Nobody disputes that.


Title: Re: Bitcoin is King
Post by: famososMuertos on March 06, 2023, 04:12:45 PM
Well! You have to look at that graph with tweezers, since a ranking can disorient the qualitative thing that is the main value of Bitcoin.

So, that is, it is like the Elvis of crypto, that is; It doesn't matter if there are commentaries leave him for dead or not, it doesn't really matter.

I do follow or trust bitcoin, not because of its positioning in hierarchical tables, that's an additional plus.


Title: Re: Bitcoin is King
Post by: mendace on March 06, 2023, 08:14:09 PM
All altcoins were created as a result of the bitcoin initiative. Without the invention of bitcoin, I don't believe altcoins would be able to exist in the crypto sphere.

In order to maximize profits during the bull market, investors are always recommended to diversify their holdings among the top 10 altcoins by adding bitcoin and a few additional prospective altcoins (2-4) to their portfolio. Investors in crypto investing in top altcoins for their reliability and value rather than to have them at the top of the CMC for an extended period.

It is a given that bitcoin will continue to lead all other altcoins for many years to come. Nobody disputes that.

It is true that the invention of Bitcoin paved the way for the development of other cryptocurrencies, including altcoins, but how many of these have had an impact like Bitcoin?  0.

As for portfolio diversification, it is a common and recommended practice for investors in cryptocurrencies and other financial markets.  Adding several cryptocurrencies to your portfolio can help mitigate risk and maximize your earning potential.

 It's also important to remember that the value of any cryptocurrency depends on a number of factors, including market demand, its utility, competition, and regulation.  Therefore, investors should do thorough research on the cryptocurrencies they plan to add to their portfolio and carefully weigh their potential risks and benefits.


Title: Re: Bitcoin is King
Post by: Desmong on March 06, 2023, 11:54:46 PM
It would have been nice to understand the point that Bitcoin is king sooner. Invested in other altcoins and lost a lot of money before I understood that only bitcoin doesn't go to zero.
you think you are choosing the wrong alcoin for investment. if you choose a coin with potential then you don't lose money like ethereum coins and bnb coins, even if the price goes down you just wait for sure the price will go up again.
There are coins that if we hold just for a while we are going to make a lots of money. The problem here is getting the right information at the right time so that we will not miss the opportunity that we need to make good profits form the market. There market is down now showing us good chances to buy and hold for as long as we like to hold.