Bitcoin Forum

Why still hesitating about bitcoin when others were jubilating for it adoption in making difference, i have three facts to make you change your decision and start investing with this period while it is still on the bear mode just for you to set in for an opportunity.

1. The United Kingdom together with it lawmakers have support the use of bitcoin as a mean of financial products recognized as currency for exchange, while recently was the news aired about the new UK prime minister Rishi Sunak  (https://twitter.com/WatcherGuru/status/1584533940554981382?t=yZd8NlwYVRh40k93HQBeKA&s=19) while the Canadian also have the support of their candidate   Pierre Poillievre  (https://twitter.com/BitcoinMagazine/status/1583468823331545094?t=XKf4vq_cVxWfH_3OvOgebw&s=19) as for their prime minister, both the government and political powers are seeing the light that comes along with bitcoin and have their public opinion and expression made in support for bitcoin adoption.
https://twitter.com/WatcherGuru/status/1584948976897626112?t=IwuH_cEZOnE0LzGcrwUvbA&s=19

2. Bank of America has notably suggest bitcoin as a finite asset with fixed supply and recommends it for a safety investment https://twitter.com/BitcoinMagazine/status/1584913675328147456?t=gzZtHcxRq2qmuwb-OTqAnA&s=19

3. The CashApp financial system have also supported sending and receiving payments through the bitcoin lightening network, more details here:  https://twitter.com/BitcoinMagazine/status/1584876286089928704?t=t4Uo3D9TYZOcVW3HxO6FGg&s=19

There's no boundaries or limitation to the widespread of bitcoin adoption and it acceptance in any financial and economical settings, this makes it more courageous to go for bitcoin even as this present general economy downturn with inflation everywhere, bitcoin has been spotted on several occasions to be the best alternative to this, learn about bitcoin today, invest and hold, bitcoin is a profitable investment and asset.

People are hesitating because that's what they hear from other people. Those who have never seen a logarithmic rainbow chart in their life and still say "Bitcoin will go to zero because of XYZ" surprisingly have a lot of people who believe them, probably because those people can't be bothered to do any research today to avoid "If only I invested in 2022" feelings later.

And it's probably how the media portray bitcoin in a negative way, and there attacks is as old as bitcoin itself, like the harmful effect of bitcoin mining to the environment which we all know is false, and that it is a scam.

However, they are all singing praises for the technology behind which is blockchain technology. So I guess those we attack bitcoin is very selective and it could have an effect to some investors that's why they are hesitant to try and get themselves involved. Nevertheless, we can't do anything about it, they could be late to the party though as maybe in the next bull run, we might see 6 digits.

Apart from newbies and others who are not in this forum I doubt that anyone who has really spent time here doesn't know the importance of bitcoins. In trying to be more involved in the community to learn more is why most of us have found ourselves in this forum. A good topic but I think you need to focus more of your energy and most likely share this topic to people who you know are still skeptical and have no idea about the importance of bitcoins and how there are no alternatives to it even if one decides to hold another coin in addition, bitcoin is a must-have. 

Most newbies do able to know bitcoin just because of those hyips and ponzi's around it would really be that normal that they would really be getting interested into it and later on when they had lost money then

this is where curiosity do works on and they would soon find out and learn the real things that we do have on this market.Once you do realize on whats its usage then you would truly appreciate it.

If you do know on how to spend up your money and time wisely then you could eventually take advantage and make profits and also we could make use of its utility
which does really give out big convenience when it comes to payment system.

It just take a knowledge and experience in this market to reconsider your life choices about investment rather than keep gambling your chances to some random coins which is a fame in hype or pump and dump scheme. People might not realize it yet but maybe it was the media that told them that Bitcoin isn't as friendly as their fiat currency in the bank but no matter where I look at it both have their pros and cons and nobody is perfect. But on the other hand, Bitcoin is both an asset and a currency which you can use for trading or keep it and hold it for a long time since the value of it will increase in no time.

But the truth of the matter is that human in it's nature always tend to believe more or judge a particular scenario base on what they may have heard other people, and for the past few days it's actually been online how the new Prime Minister of UK happenns to be crypto-friendly individual, which must have brought about all these new policies to createe an enabling environment to all crypto lovers

Bitcoin for me is perfect only governments and other people treat bitcoin not perfect and they always make it not perfect but later soon they are going to praise it after they invest. Why? Because they want to buy bitcoin at cheap and then promote it to make a profit soon.
There are 3 types of people, like you, that knows about Bitcoin and other people who are interested to learn about bitcoin and the last is someone who knows that bitcoin investment is a scam they always think that investing in Bitcoin is likely the same as a pyramid scheme.

Bitcoin already won really.

It is the evolution of money. It's the global currency of the internet, separating money from governments.

It's just the people that will require some time to get used to it.

There are two kinds of hesitant people I believe. The ones that still live in fiat because they haven't studied what Bitcoin is, and the ones that want to get rich quick in crypto, so they try to buy alts instead.

Those two groups of people eventually will end up using Bitcoin.

It will be a gradual thing, forever. Just like now we still have gradual access to Internet, and online presence of goods and services.

That is correct. They tend to judge something new with negative thoughts and do not see it as a new way that will change their lives. If they hear bitcoin news, they should look for news relevant to bitcoin so they can get the truth.

It just requires more research on the subject and if bitcoin is going to give them something better, they shouldn't be shutting down but can be looking for more info instead.

Perhaps you also forgot to include another good reason,

El Salvador adopting it as a legal currency and we can see that there are a lot who raises their eyebrows when their President made this bold moved.

The growth might be really slow, but we are going there, bitcoin has already chances the landscape of the financial world and will continue to spearhead crypto as the new 'currency'.

Definitely no need for the motivation to members who are already on this forum. Most of us are here and active because this is the closest place where we can go closer to bitcoin physically.

I mean from now onwards the trend of such news will continue to grow because slowly slowly every officials know that bitcoin could be escape pod if things do not go well in the fiat system during inflation and recession.

It's hard bound reality that they are taking longer time to accept it but deep down evert government knows, if bitcoin exists today then it exists for reason.

A very long version of that list could actually be made. There's actually a hundred reasons why somebody should be convinced that there is future in Bitcoin. Reasons could be technical, meaning it involves the very features of Bitcoin. There are also reasons relating to how fiat is falling down and how governments seem to not care about it.

And if one is lazy to scrutinize Bitcoin's fundamentals, perhaps it is enough reason for them that huge banks, billionaires, top companies, respected investors, financial advisors and managers, and many others around the world are recognizing Bitcoin's potentials. If one is doubting, then many could vouch for Bitcoin through their actions.

If that's not enough, at least they could take a look at Bitcoin's price history and perhaps be convinced that there might still be a huge room for its growth in the future.

The problem is.... for every Positive news.... there are 5 FUD attempts to sabotage the impact that the positive news would have had on the markets. The paid media are being supported by lots of money to spread negative news about Crypto currencies, because their masters wants Bitcoin to fail. (Puppet masters from Fiat systems)

So, yes... we need all the positive news we can get to counter the FUD that are spread. Make a point of it to search for it and keep posting it in the future.  ;)

The reasons you shared aren't valid really. Governments and banks calling bitcoin "an asset" or "regulated financial services" (whatever that means!) is not something you can be happy about, adopting bitcoin as a currency is which is not something any of them are doing (except El Salvador, etc.).

As for the market itself, we haven't really been in a bear market for months in my opinion considering that price hasn't fallen any lower than $17.5k ever since it was reached months ago. Instead it is in a sideways market which resembles the accumulation phase before the bull market starts.

Despite the current dip of the crypto market, its adoption by many organizations is actually increasing and yes even banks or platforms related and supported by banks are now looking at ways they can do business with Bitcoin. We should not let the fog now affecting the whole market be blinding us to the big potential of cryptocurrency most especially Bitcoin and other big alts. The market situation we are in is very temporary...soon we can hear that BTC has been jumping from one zone to another and those who continue to doubt will certainly be shocked.

Now, while the bearish trend persists, it's time for those who doubt and expect to enter bitcoin, but as experience shows, everyone realizes this after the fact with the arrival of bullrun. In the end, everyone wants to have bitcoin, coming into it from tokens or through shitcoins, so yes bitcoin is the ultimate goal.

Even if people will learn these 3 shared facts from you, the hesitation will still be there as long as, obviously, they are not really interested involving in bitcoin or in crypto in general yet. For us experienced ones, we understand that today's market trend is the best opportunity to accumulate more but even with how positive we are, we can't force others to do the same just quickly.

For me, just let them hesitate. Just let them miss the "opportunity". Just let them ignore bitcoin or what. Just let others think negatively. That's their own will and we should stay away from that. If we want to spread knowledge about crypto, then just do it. Once the interest of other people is now there, they will do the research on their own.

Plus people always entertain fear in something they have little or zero knowledge of. Despite how far btc has come and the huge achievement it has gained since 2009, some people are still in doubt and hesitant because they feel more secure with fiat than btc.  Only those who managed to ignore their fears will eventually realize that btc gives way more advantages than the fiat they cling on to.
   

Because they do not know and do not understand Bitcoin so they are still hesitant. People who still have doubts about Bitcoin will one day be at the forefront of the Bitcoin campaign. I am very sure of that.
Those who already know how easy and sophisticated the Bitcoin transaction system is, while the country where they live prohibits crypto-related activities, they will continue to try to find loopholes to be able to use it.

#stopFUD
Defend Bitcoin and its PoW

Those are very weak reason for buying Bitcoin, just your typical "good news". Decision to invest or not should be based on strong long term fundamentals. If you believe that Bitcoin will be more popular, that more people will use it, that people who already use will use it more often, then you should buy it. If you aren't sure about it, than do more research. Because what you are describing is just an impulse buy based on weak news.

They are still reasons to buy BTC now and keep it for a long time because of the news and adoption of BTC. Bank of America, UK officials, and institutions adopting BTC are always a positive reference to jump on the bandwagon.

BTC though is not just the alternative, there are more down the rank. Holding them while they are cheap is still a great alternative, you never know what crazy development the altcoins could have in the future.

I think as long as you are trying to HODL more BTC, it would be okay since it is the current alternative with the situation that we have now. The fiat money supply is getting overloaded and we really need that scarcity in order to have more value with our money or else it will just depreciate and wouldn't help us at all in the future. It will just incur losses.

If your investment decision are influenced by anyone else then you should not make any investment at all because you don't want to make your way and just put your savings based on someone else influence and this is how whales and influential people take advantage of these people to manipulate them and make them beleive btc is going to zero and all that nonsense things.But they need to realise that it has lot of potential to grow and give returns to them even if they don't understand the charts holding will pay them off in the long run.

Human being has this reluctance to adopt new ideas and new technology especially when they are not part of the team or the community that introduced the change.
In the case of Bitcoin,  many people who predicted that bitcoin will fail before by now don't want to hide in shame rather they are fighting and insuring that bitcoin still  fail according to their predictions years ago.

Even within the Bitcoiners, there is always this FUD raised when some of the high investors must have sold at a certain price but bitcoin did not obey them, but continue to go higher they will try to raise information that will create panic to give them another chance to enter the market.
So anyone that understand the fundamentals of Bitcoin will not shake for any reason but will continue to accumulate as much bitcoin as they could

Op mentions the UK and the USA seemingly as examples of adoption, and while it's technically right, I wouldn't say that these countries are fully crypto-friendly. In the US, they're going to research  Bitcoin's environmental impact, and cryptos are assets, so selling them requires paying a sales tax. In the UK, crypto ATMs were deemed illegal by the financial regulator in March of 2022.
Also, while the op says that there's no limitation to widespread Bitcoin adoption, there are limitations, such the Internet access and owning a PC or a smartphone, but also the limit of how many transactions the Bitcoin network can handle.
I am pro-Bitcoin, but let's not sugarcoat the situation.

I think if any Bitcoin or Crypto-currency enthusiast has to seek approval from the government before they believe in crypto-currency or Bitcoin then they have a lot to learn. I have this mentality that Crypto-currency is decentralized and I am not compromising those thoughts.

If we are to go by with your three criteria then we should also look into the government that sanctions Crypto-currency and have either bans or restrictions placed on it, I don't think the government would completely support crypto-currency and I am not expecting that.

In real life, there's always an alternative to whatever there's. This is why there're always two sides to a coin or when people say everything that has an advantage must also have a disadvantage. Sorry to burst your bubbles OP, there're alternatives to Bitcoin. I ain't even referring to fiat alone here but other cryptos. These other items equip us to be able to peg the value of Bitcoin to something. Without these alternatives Bitcoin wouldn't be with a value. We've to factor in that while hyping Bitcoin.

but sooner or later the bitcoin will gain its people. we can already see the grow from its creation and the trend is already have significantly increse

This is exactly right.  The absolute vast majority, probably somewhere around 95% of people who say this, don't understand cryptography, don't understand tokens/coins/blockchains/hash rates etc etc etc.  Look at how many followers Roger Ver and Craig Wright have, both a joke, but full of shit, both pushing utter bull shit agendas yet have a very sizable community.  This is all the proof you need to see how dumb people are and why there are as many as there are that believe in alternative bs.  I mean look at how many people who thought bitconnect was actually legit lol.

Most people will not easily accept something new and it may take longer to accept it as a new way of life. It's just about how they can open up when they see something new introduced and try to find out more. If something new is better for them, they can move on; if not, they don't have to use it.

And regarding bitcoin, it's natural that many of them say that bitcoin will fail. Bitcoin is not suitable for real life and others because maybe they haven't seen the potential that bitcoin can provide. And that makes them tend to ignore the existence of bitcoin until the bitcoin price can hit $20k and only then do they realize it and want to get deeper into bitcoin.

No matter how many FUDs are there after every good or positive news, Bitcoin is here to stay for a very long time. 12 years and counting and it's still very young as there are still many people around the world who aren't aware about Bitcoin or just simply being bombarded by fake news, ponzi schemes, etc.

We just have to keep educating the uninformed and misinformed. Continuous and consistent awareness and adoption is all we need. Just like what Captain America of the Avengers Endgame said, "Whatever it takes".

No need of such a long definition in order to make someone understand how important Bitcoins are . You can simply quote him the awesome features and freedom he can get if he/she uses Bitcoins. Unlike banks, Bitcoins doesn’t restrict complete access of the money, also due to the decentralised nature of Bitcoins, you can always stay anonymous and you need not have to pay unnecessary taxes. Right now Bitcoins are at a great price to be bought. So without any further delay buy as many Bitcoins as you can before the price boosts up.

Bitcoin is for everyone but if people don't want to use it, let them be. Especially the elderly who are less ready to accept Bitcoin. The younger have more interest in Bitcoin and new technologies, they are current and future Bitcoin adopters.

Governments try to shill misleading messages with hope to prevent as many people to access legit information about Bitcoin as possible.

They don't want and will never direct their citizens to good resources for learning about Bitcoin. They know if they do it, more citizens will change from fiat currencies to Bitcoin. Even their CBDCs can not save them and can not outperform Bitcoin in general, from technology to decentralization.

I don't think he meant investing. He just described the current trend and how the bear market affects how he earns in crypto. As for me, bitcoin should not be considered an investment at all. It is an excellent technological solution in the field of digital payment, with a specific rate, which, due to its volatility, allows you to buy more at one time for one unit of currency, and your task is to understand when the most favorable moment for profit is.

Nothing is ever for everyone, no matter what, and Bitcoin isn't an exception no matter how we want to push it into mass acceptance. If just 10% of the world population embraces Bitcoin it's still a huge plus. Like you indicated in your second sentence, we don't have to coerce anyone into it. That's why my earlier post negates the idea of Bitcoin being the only option. There are several alternatives in every industry and in life too.

Yes, this point is appreciated on the social level, as what you think about it what can be the alternative to bitcoin so in this point my and maximum crypto student's answer is going to be nothing. and bitcoin is my alternative yes it is as I can send money to my dear ones across the country I don't need banks I don't need background statements, I don't need to share my fund's details, don't need to follow any limits also I don't need to be the part of central bodies and most importantly my fees are going to highly reduced I am free to send my assets anywhere any time and they are in my custody.

Yeah, it is easier for people to believe in a negative part of a thing than it is to believe in its positive part.
This is evident in how good and bad news spread, a good news will take alot of time to circulate, and sometimes, it doesn't even get to everyone, but bad news on the other hand, takes but a very little time to reach every in the city, and sometimes, it even travel far beyond that city...

So what am I saying? Most time for a newbie, because he's gonna be parting with his money, it takes alot of effort to convince them to invest in bitcoin, but on the other hand, it take close to no effort at all from a Bitcoin hater for them(the newbie) to believe that Bitcoin isn't ideal, simply because believing this helps them keep their money in their pocket, and remember the saying that "a bird at hand, is worth the other millions of birds that are in the bush".
This is the kind of syndrome most newbies are suffering from, it takes a great deal of effort to convince most of them that bitcoin is the best place to invest in right now.

Yeah, if you have friends or family in another country, sending and receiving Bitcoin is really easy compared to the alternative, which would mean both people having to have a bank account, plus waiting for days, and paying excessive fees. Also there are some banks that don't even offer the service!

You realize that all those layers of complexity just add money to the pockets of the people in the banking industry.

It is true that bitcoin has an advantage over fiat in this case but just like fiat to transfer money, both require a bank account and so does bitcoin.
If your loved one doesn't have a bitcoin wallet and doesn't know how to use bitcoin, how will you transfer money to them?

Nowadays, I've never seen a bank that doesn't offer cross-border money transfers, most banking systems are interconnected, which not only creates convenience for users, but also benefits them. As well as you mentioned when you use those services you have to pay extra for them which is something that has been perfectly fixed by bitcoin. With bitcoin, we will save time and only cost a single fee.

We only have control over our own finances, if some people think that bitcoin is a scam or simply do not like bitcoin for some reason they are free to think whatever they want and refuse to use bitcoin.

They are the ones which will suffer the consequences of not adopting bitcoin when its price is still reasonable, and while some of those people do like bitcoin but they are afraid of the volatility they can always adopt bitcoin in the future once most of its growth potential is realized already and its volatility is lower than what we see now.

Well you can always teach them how to do it, or someone local to them can teach them or they can use another family member or friend's wallet, etc. It's simpler to create a bitcoin wallet that a bank account and there are way less requirements(only an internet connected device for sending and skills to use it).

Newer banks that are online only and provide higher savings rates sometimes don't offer international transfers services for example. A typical brick and mortar bank usually does offer those services for a fee, only on week days though...

Bitcoin is unrivalled in the market. Despite the fact that bitcoin is experiencing a downturn, it has secured a place in the market and has the potential to rule in the future.

I remember when I posted about an ALT coin ("crypto") in 2019. Man, glad I went 100% into Bitcoin. 2024 halving is going to be epic. Bitcoin inflation rate will be much lower than Gold.

One limitation is volatility in which most of non-crypto users are not yet still ready of. Think of this;, if the price of goods in the market is fiat based $20 it will be bought as .0012 in BTC. Whenever the market price is on uptrend .0012 BTC would also  be bigger. In short there will be unequal or unorganized market price IF governments would adapt to this technology while everything is still fiat based. This would only work if Prices of the things we are buying on a daily basis is on Btc already. To those countries who adapted cryptocurrencies, they are just using third party applications but not totally crypto-based. These are also limitations at the present.

Bitcoin is Bitcoin. Even altcoins that always ay that their technology and concept are much better than Bitcoin, are still altcoins, not Bitcoin, and will never beat Bitcoin. Simply.

We can find so many people hesitate and hate Bitcoin with its weakness. But they never consider about the strengths and advantages of Bitcoin itself. Judging one thing only from one side is not wise. That is why we must be smarter to think what Bitcoin can do for us. and in fact, Bitcoin does many things for us as long as we open it and we trust in Bitcoin itself.

I believe that these people, especially for those people who are still looking other alternative for Bitcoin are those people who felt they already late on Bitcoin, which on their mind is only investment or greediness, for sure they only here for money, like they are telling "I'm too late already to buy Bitcoin".
Most of these people don't know how Bitcoin works or what Bitcoin can do.

Actually bitcoin is being driven by news and at this point those who keep spreading false news might likely give a presentation to represent the max adoption which in returns creates tension and makes it arguably by people around to easily adopt it as a means of investment due to the it's rise and falls news that is being misrepresented via influencers or content & blogs creators including news lines (TV news channels). If all this could be put outside I believe the world at large would maximally adopt it as a means of investment also as an exchange of good and services.

I do use an online bank and it's quite easy, I am not going to bash them just because I love bitcoin, they are doing a better job than the traditional banks that I used before them which shows that anything digital could be better. They have a lot less fee's, most things are free, so it is really a good feeling to not being robbed by the banks.

However, even with that in mind I agree that bitcoin is easier to use if you know how to, it is just that there is no turning back if you send money to a wrong address, that is the key difficulty here and that is why I am not sure if it would be ease of mind, easy for tech, but not easy to minds of many people who may worry about sending to wrong place.

Stereo-typed knowledge about bitcoin have been the major setback to bitcoin adoption among a large percentage of people, who should have ordinarily taken the time to search out for knowledge about Bitcoin and it many advantages.
We have a high wave of misinformation among newbies and most of them are in for the short-term gain without knowing how things work around here. I am all in for Bitcoin this time and not giving any interest to altcoin because of centralization, I am more comfortable with proof of work than the centralized proof of stake.

You know we still have like two years coming which is going to be massive. I think now is the best time to take a look at investing in Bitcoin if we have left over fund that is not in use for now. Investment is sweet when there is enough patience because the rewards will be big and more profitable.
 Since the market is not too clear now, bigger opportunities is knocking at our doors to take the bold step and go in because the time or harvesting comes, many will ask many questions why they never took the opportunity seriously. Knowing about Bitcoin is a big pleasure to me...I am one step ahead!

In the past we don't have much of sources to receive information associated with cryptocurrency. Now things have changed. During those days spreading fud is an easy task, now people are well aware. Maybe the newbies gets trapped, if they've entered the market of being rich overnight through bitcoin investment.

The increasing real-time usage shows the real progressive move of bitcoin. And for any reason it strong, if the users doesn't get panic for negative news about it.

An inescapable fact, people will only believe it if the regulatory agencies start talking. I think government institutions have indoctrinated too much of the advantages of a centralized financial system to generation Z, although basically bitcoin offers more than that as built-in advantages if they look deeper into its fundamental principles.

No! There are alternatives! And these include alternative cryptocurrencies or tokens! ;D Sometimes alternative cryptocurrencies can show much greater growth. in any case, when bitcoin falls, someone pours their bitcoins into alternative coins or tokens. Therefore, alternative cryptocurrencies are also worth paying attention to!

I would like to point out that there are some new comers in the bitcoin market, who consider altcoins and bitcoin the same thing. Since both of them are covered under the cryptocurrencies they think that if they can buy any altcoin which is cheap they will still be able to make good money out of it in the long run.

Well this maybe right in some cases but this is also very risky. Bitcoin is one of its own type and there is no alternative to it. This should be understood by all the crypto investors and they should invest 60% of their portfolio in bitcoins.

Likewise, altcoins can also be investments that can yield even greater returns than bitcoin. But choosing which altcoin to invest in is extremely difficult, so many people think that altcoins are scams and do not bring any profit. We should not be too conservative or rigid, we are here for profit so let's invest in any project as long as it can be profitable for us. Bitcoin is good but altcoins are not so bad either.

Thank God that educated people that know how important Bitcoin is to a nation are taking over some position in the parliament to stand for bitcoiners and to approve all the necessary things bitcoiners need to be happy with their transaction in the country. Since El Salvador and other countries has made it legal in their countries, and many good news are coming from those countries that value digital currency in their countries because it has added more value to their economy.

Oh, is that how it goes? When Bitcoin fails people put their money into altcoins... Show me a single instance in the last 12 years when bitcoin failed.
I know a few situations where altcoins were pumping due to a false narrative like when BCH was created and pumped by Roger Ver whose team was spamming the bitcoin network to increase fees. All such attempts have failed.

Don't be fooled by stupid narratives and don't hope that if bitcoin fails altcoins will pump. If bitcoin ever really fails altcoins will crash like never before, Luna style.

Yes, you are right, if you take Bitcoin, then it is more reliable! In general, what is the reason for this? Because bitcoin originally appeared, and only then other cryptocurrencies began to be made based on its code, and for this reason more attention is paid to Bitcoin. I agree with you here! There are also good projects among alternative cryptocurrencies! Of course, there are also failed projects, and I will not argue with you here, but alternative cryptocurrencies have a much smaller capitalization and it is easier to raise them in price.

Not yet and it only just happens when all countries will support Bitcoin and realize their mistakes.
El Salvador have a strong stance and support to Bitcoin, they have a positive approach while the other are banning Bitcoin as it was a conflict of their interest. It was to say that people need more education and it takes more time to fulfill but at least we already see that some people know the importance and give value to Bitcoin.

Bitcoin = Bitcoin, Altcoins = Altcoins
They are really different in purpose and also behavior.

But even if we do loves to see a main coin like Bitcoin but existence of altcoins can never be stopped since  there would be developers who would really be tending to create one and this is in result
which we've been flooded out by lots of coins here in the market.Its up to someones choice whether which one they would really be tending to get engage into.
Cant really deny that Bitcoin is the most good choice but there are people who cant just resist on not to take some other opportunities which you could
really make money if you have done it the right way.

Bitcoin was designed after the 2008 economic crisis. It is deflationary. The halving of output every four years will further reduce the supply of Bitcoin. The imbalance between supply and demand will further push up the price.


A Bitcoin ban is out of the question, and the “death” of the dollar is inevitable. What Bitcoin offers is an alternative when the market crashes.

Many people don't even conceive the idea of a world without the USD as the global reserve currency.

But over decades the global reserve currency has been changing, from the Spanish Real to the British Pound, and then to the USD.

Soon the time will come for Bitcoin when it takes over that. We're in the process of this happening right in front of our eyes.

In an investment context, maybe yes. Bitcoin started the birth of all cryptocurrencies and tends to get the first place as the most recommended investment instrument in all regulations in the world. In the context of use, altcoins also have more specific functions which (maybe) are difficult to implement using bitcoin. So altcoins remain a priority option for some use cases.

But one thing you can't even conceive is that all those world reserve coins were created by one great power. In the past, Spain or England used to be the dominant empires in the world and are gradually replaced by the US to this day, which means that whichever country is the most powerful will dominate the world's currency.

In contrast, bitcoin is a decentralized and community-backed currency and the community is controlled by the government, so bitcoin is very unlikely to become a global currency. Bitcoin can only be an alternative used in tandem with the current currency, and it is a success.

When another coin competes in the market as an alternative to Bitcoin, then Bitcoin is called an alternative coin of that coin.  But till date I have not seen any coin survive in the market as an alternative coin to Bitcoin.

A few days ago I read a Coin Gecko report where they produced an annual report of dead coins.  There they published a statistic containing 8 thousand cryptocurrencies, declaring 3322 cryptocurrencies as dead coins in 2021.  This year 2022 so far 951 projects have already been declared as in active or dead projects.  So from all these statistics it is evident that since the birth of Bitcoin till date thousands of alot coins have come into the market but no one has been able to take the place of Bitcoin.  You can't in the future.  However, Bitcoin has gone through very bad times at various times but has not been declared a dead project.  Therefore, no other project will ever come in the market as an alternative to Bitcoin.  So I prefer Bitcoin as an alternative to Bitcoin.

https://i.imgur.com/Tv7sBvh.png

https://twitter.com/coingecko/status/1599221955525111808?s=19 (https://twitter.com/coingecko/status/1599221955525111808?s=19)

There are different alternative to Bitcoin which we can buy and hold but there have there own risk that we have to be aware of if not we might be taking a bold risks that makes us ignorant.

 It is true that Bitcoin is a big and good crypto project that will not crash like making of the altcoins that we have heard about making investors to make severe loses but there are still some that can make us earn some good profits which can be very huge if we hold at the appropriate time.

Indeed, the adoption will take many years before they fully understand the purpose of creating Bitcoin. For now, only a few went to the fullest discovery and are considered as currency and accepted as payment while the majority are still considering this as an investment. Though we think for instance that Bitcoin will take over fiat currency and be considered a global currency, however, I don't even think also that this will totally erase fiat the use of fiat money in the market nor it will stop the circulation as for sure some countries won't support crypto, like China.

Most people will not easily accept new things, and it will always take some time for people to adapt to the emergence of Bitcoin. Perhaps many people have only heard about Bitcoin in the news, and some negative news made them FUD, so they are still hesitant.
Although it cannot be denied that Bitcoin is a good choice and it brings many benefits to investors, it cannot be forced on everyone.

Yes, bitcoin may be good for us but not necessarily good for others, people who are rich enough they won't need bitcoin because they have enough money, money has become not so important to them. Or those who do not like to take risks, bitcoin is not for them, without bitcoin many people still become rich. So bitcoin is just an alternative.

but unfortunately in some countries there are still restrictions on accessing bitcoin in all matters of transactions and investments.

in my country, bitcoin is not allowed for transactions with all factors. but legally used for investment assets.
so that until my country is one of the countries that recognizes that bitcoin is a good asset for the long term

Who cares if Bitcoins are banned? I mean if you know the use of Bitcoins, then you will excel in it. It doesn’t matter whether BTC are banned or not. You can easily see the real life example in Nigeria, I mean there was a time when BTC was banned, but still most of the country was using it through P2P trades. Yes we need to just not misuse it. And regarding the advantages of Bitcoins, all know what it offers. So no alternative is there for Bitcoins as said earlier. Buy large amount of Bitcoins in this cheap price and enjoy profits later.

Investing in Bitcoin among cryptocurrencies is also a must. The market is still in a bear market, and its volatility means that now is the best time to buy BTC and hold it for the long term. Compared with fiat currency, Bitcoin is scarce, so holding more BTC can make our money more valuable. When there is enough patience and long-term holding, the return on investment will be rich and profitable.