Bitcoin is everything we ever needs

[ancafe]

All these makes me feel that alternative coins are not necessary needed.

The revolution we needed is decentralisation to the rescue and if payment is all that matters Bitcoin still got it covered, store of value? Available, what else matters? Nothing.

Altcoins are still quite necessary because if Bitcoin were the only thing available, we probably wouldn't have gotten this far, even though we know Bitcoin never depends on anyone. All coins created probably have a basic development plan, although sometimes we don't see the point of comparing Bitcoin's superiority to any altcoin. The crypto space needs altcoins to make Bitcoin king, and for some reason, Bitcoin can be the best because there are so many comparisons among the available altcoins.

We also need altcoins as a learning for some investors, because they will learn how certain altcoins mature and determine which one is the best asset. This way, there are choices based on better performance, and people can assess which ones have the best potential for long-term and short-term investment because this method is believed to provide alternative choices for anyone in choosing the best coins.

[TheUltraElite]

Altcoins have always been there since the time bitcoin came. They have tried to replicate what bitcoin has done but with failed results. This is mainly because altcoon creators have their own motives in mind unlike what satoshi had.

So one can try their hand at altcoins at their own risk. But I prefer to lead the simple less hassle life and hence stick to bitcoin. If you learn how to take advantage of the market with bitcoin, you can easily continue to accumulate more coins over the years of up and down.

The point is that of distractions, which has always been the case with altcoins. New investors need to be careful of these things only.

[ultrloa]

Altcoins have always been there since the time bitcoin came. They have tried to replicate what bitcoin has done but with failed results. This is mainly because altcoon creators have their own motives in mind unlike what satoshi had.

So one can try their hand at altcoins at their own risk. But I prefer to lead the simple less hassle life and hence stick to bitcoin. If you learn how to take advantage of the market with bitcoin, you can easily continue to accumulate more coins over the years of up and down.

The point is that of distractions, which has always been the case with altcoins. New investors need to be careful of these things only.

Lots of alts pop up and offer many things but lots of them promise to became the next Bitcoin. But actually many of them failed because aside that they failed to deliver the technology they promise that will offer innovative changes the devs created it are also greedy and just want to scam their investor or supporters that's why majority of them failed.

That's why same as you I'd rather choose to stick on Bitcoin since if we look at the movement of the market. Alts goes dump if Bitcoin also goes down so there's no use to diversify for now since same with other people I always think about altcoin is gambling due to huge risk for buying it.

Better for investor to think short term for alts and better focus only for long term with Bitcoin.

[terrific]

Spoiler alert: We will still have to use fiat currencies even in the future.

Yes, that's right.
We still need to use cash for our basic needs and other things where we need to spend.
While it's going to be a dream come true for the most of us if in all of our purchase, we can use bitcoin.
It's been thought of many of us before and when I was still new to bitcoin, I thought of the same. But we have to accept the reality that fiat stays too and we need it as well.

Bitcoin is by no means a weak thing and it has transformed the manner in which a significant number of us perceive money, yet it is not yet a substitute that can entirely supplant fiat. Although the concept of turning to Bitcoin to make every single purchase sounds exciting, most economies still have to use cash or conventional currency to access the basic needs, regulations, and stability. Bitcoin is not a complete replacement but rather a better long-term digital asset and an alternative. With the expansion of adoption globally, additional businesses can start accepting Bitcoin, however, until the moment, both Bitcoin and fiat will remain significant roles. Learning how each of them can fit in our financial lives would assist us to make better balanced and realistic choices.

No one says that bitcoin is weak. No one has said that and we know that it's a strong asset and contender to the current financial system that we have.
But if we analyze everything, it's not going to replace the current setup that we have because fiat is still the most accepted medium of transfer and that has monetary value.
I agree with you that it's gonna be with both fiat and bitcoin that will have to come together and solve each other's problem that we encounter in our daily lives.

[fikrett]

Altcoins have always been there since the time bitcoin came. They have tried to replicate what bitcoin has done but with failed results. This is mainly because altcoon creators have their own motives in mind unlike what satoshi had.

So one can try their hand at altcoins at their own risk. But I prefer to lead the simple less hassle life and hence stick to bitcoin. If you learn how to take advantage of the market with bitcoin, you can easily continue to accumulate more coins over the years of up and down.

The point is that of distractions, which has always been the case with altcoins. New investors need to be careful of these things only.

I do think that some coins don't just try to topple BTC - but to find their own nishe.

They try, and fail or rise a bit, but overall, only big caps remain, others are rugs or don't become mainstream (fortunately or not).

[Peanutswar]

We still need altcoins but we should know those with value if we want to hodl but if we want to pump and dump, we sure know you where to do that from.

The truth is there are some cheaper cryptocurrency when it comes to transaction but an advantage with bitcoin is that it is a community coin that is decentralized with total supply of 21 million, a public knowledge that is not manipulated.

Different coins has a different purpose and of course its depends on the ecosystem of the coin how they will utilize the use of it, just the bitcoin where it came from the start so other coins follow its path but of course its already created the reputation so for others who havent get ride for the bitcoin as an investment they look forwrd with the altcoins now if ever do they have a chance. For me its not good only if we focus with the bitcoin because there's a lot of coin has a potential such as the ETH, SUI and SOL so why not limit yourself with the bitcoin if ever there's a chance of course. But again they cant even reach as of now yet the standard bitcoin has.

[Zanab247]

Bitcoin can never be the only thing we need, there are many altcoins out there that are far more useful for some people than bitcoin, in terms of anonymity Monero takes the lead, to use Bitcoin in a privacy way or anonymous way you need to use mixer, meaning bitcoin was never created to be a anonymous coin yet people needs that anonymous usecase, that is just one of the examples that Bitcoin can't do everything. 

It will not be possible for man to achieve everything he want on earth, because as the old ones is fading away, the new ones will be coming to make people to ignore the old ones and start struggle to have the new ones. There are some people who don't like BTC investment, because they are enjoying what they are earning from altcoins investment despite BTC is good for long time hodling.

As long BTC is a decentralized asset that is not control by the government, it will be hard for BTC to do everything to users in this inflation season we are globally, the price of things has double up  to make people manage  the small one that will sustain them and their family for short period of time.

[SamReomo]

I do think that some coins don't just try to topple BTC - but to find their own nishe.

They try, and fail or rise a bit, but overall, only big caps remain, others are rugs or don't become mainstream (fortunately or not).

Most coins are created with intention to loot money of the investors these days and that's a bitter truth. The good coins are already part of the market for many years and new coins that get attention are mostly the ones with huge marketing capital but offer nothing special. I personally avoid new coins and believe more in old coins, there's no alternate of Bitcoin as that's the king of the market but still there are some good alt coins for traders but only those alt coins that have been in market for many years are okay for traders, and any new coin can be a trap for investors and for traders.

[Mame89]

I do think that some coins don't just try to topple BTC - but to find their own nishe.

They try, and fail or rise a bit, but overall, only big caps remain, others are rugs or don't become mainstream (fortunately or not).

Most coins are created with intention to loot money of the investors these days and that's a bitter truth. The good coins are already part of the market for many years and new coins that get attention are mostly the ones with huge marketing capital but offer nothing special. I personally avoid new coins and believe more in old coins, there's no alternate of Bitcoin as that's the king of the market but still there are some good alt coins for traders but only those alt coins that have been in market for many years are okay for traders, and any new coin can be a trap for investors and for traders.

That's what often happens with so many altcoins dying. We should learn from this that the truly worthy investment is Bitcoin. While there are some established altcoins that have survived for several years, Bitcoin should still be prioritized over others.

While it's undeniable that the presence of altcoins can't be avoided as they make the market more attractive we must remain vigilant to avoid falling into the traps of altcoins especially those that falsely promote their altcoins, claiming they will rival Bitcoin or possess more advanced technology than Bitcoin. This should be avoided, as many altcoins have launched with sophisticated features, but ultimately failed. So as you might say, altcoins are simply a way for them to profit from indiscriminate and greedy investors.

[Nothingtodo]

I can't speak to others' perspectives, but in my case, if I invest in Bitcoin and hold it, there is no need for alternative coins. Bitcoin is such a coin that if I hold it over time and do not plan to hold it for the long term, then it is definitely guaranteed to make a profit, but if I invest in alternative coins and hold it for the long term, there is no guarantee that I will make a profit from those alternative coins. However, instead of investing all your money in Bitcoin, you should keep some stable coins and some cash so that you can invest in any situation.

[Yorubek]

I can't speak to others' perspectives, but in my case, if I invest in Bitcoin and hold it, there is no need for alternative coins. Bitcoin is such a coin that if I hold it over time and do not plan to hold it for the long term, then it is definitely guaranteed to make a profit, but if I invest in alternative coins and hold it for the long term, there is no guarantee that I will make a profit from those alternative coins. However, instead of investing all your money in Bitcoin, you should keep some stable coins and some cash so that you can invest in any situation.

Correct, by purchasing Bitcoin with a long-term plan and holding it for the future, there is no need to invest in any other alternative coin, because Bitcoin is digital gold. Buy Bitcoin with a long-term plan and by patiently waiting for the right time, can be expected big profits in the future. Success can be achieved by holding Bitcoin for the long term, but there is no guarantee by holding any other coin. Bitcoin long-term investment system By purchasing Bitcoin with prudent money and holding it for the long term, inflation can be protected in the future, which is not possible in the case of any other coin, so I think it is reasonable to buy more Bitcoin and hold it for the long term.

[DiMarxist]

We need bitcoin more than the stable coins. Not everyone here or outside like stable coins. I even prefer only bitcoin existence so that they would be no diversion of investment. Many rich investors divided their investment into Various stable coins plus Bitcoin. But if it is only bitcoin, all the investment would be in bitcoin and that would make the coins becomes the highest value with good price. If it was only bitcoin, by now the price would have been hit $400,000 plus because there would be a competitive investment among human across the globe.

Bitcoin should not have a competition.

[Japinat]

If you are here to invest for long term, bitcoin is all you need, but if you also aim to make short-term profits, altcoins will turn it possible once you carefully chose to invest with the right and highly potential altcoins. Both bitcoin and altcoins can be profitable, but it takes proper management and positive attitudes in order to realize success in the market. And most of all, patience which serves as the best virtue in the crypto market. If you can't be patient, bitcoin and altcoins may not work for you, so it would be better if you learn to adjust seeing how unpredictable the market is, rather than to stay impulsive and experience losses with bitcoin and altcoins.

[Sourgummies]

I certainly wouldn't argue that we only need Bitcoin and that its features cover every basic need we could possibly have.

There are some issues related to slowness and high fees when the network is congested, but these are temporary and can be resolved over time through the development of appropriate solutions within the network.

But, I also can't say that we never need altcoins. There are some good altcoins that offer features and characteristics we actually need, such as speed, low fees, smart contracts, and so on.

lightning network solves fees and speed issues. Bitcoin in king!

[Sourgummies]

Right now I only need to buy bitcoin consistently on a regular basis and keep holding.

Everyone should do this. Because of how the market is doing right now, people think that it's no longer needed to be consistent in it and wait until the dip. While that strategy have always worked but you'll never know for how long BTC will stay on its current price, and consistency beats them all. Those investors that seemed to be intelligent in their own thoughts, a consistent newbie could beat them when the next cycle arrives. And still, many don't understand how impactful it is for someone when they're so consistent with how they do things especially in DCA.

ive been telling people for years, the richest people i know from crypto just bought bitcoin and held.  im not saying that i dont know traders who have outperformed holders but by and large the holders have come out in a much better position.

[Muba20]

If we can get an idea about the long-term market movement, then we can easily get an idea about which coin is suitable for investment. Although some altcoins are good for investment, those coins do not always respond positively. But Bitcoin is the only decentralized coin where there is a lot of interest from investors even after a long time. Though there are a lot of altcoins in the market today, Bitcoin is the only coin that has a fixed supply. People can get their investment back even after a long time by investing in Bitcoin, which is almost impossible in the case of altcoins. Altcoins show great potential in the short term, but their existence is in crisis in the long term, Bitcoin is making investors more confident in the long term.

[MinoRaiola]

The revolution we needed is decentralisation to the rescue and if payment is all that matters Bitcoin still got it covered, store of value? Available, what else matters? Nothing.

I like the last part in your post. People have something with BTC they can use to trade with each other worldwide. They can exchange things p2p without a third party. We humans are not yet using it to its full potential, many have not yet understood it, or find it too complicated. So for the most part, it will be a store of value and not primarily a means of payment. I hope in 10 years this will continue to change, with more humans to own Bitcoin, not so mutch companies.

[FortuneFollower]

The revolution we needed is decentralisation to the rescue and if payment is all that matters Bitcoin still got it covered, store of value? Available, what else matters? Nothing.

I like the last part in your post. People have something with BTC they can use to trade with each other worldwide. They can exchange things p2p without a third party. We humans are not yet using it to its full potential, many have not yet understood it, or find it too complicated. So for the most part, it will be a store of value and not primarily a means of payment. I hope in 10 years this will continue to change, with more humans to own Bitcoin, not so mutch companies.

Humans search value more than utility, imo, it's our nature.

But with time, this ratio will change.. With more adoption underway for sure.

[MusaPk]

Altcoins have always been there since the time bitcoin came. They have tried to replicate what bitcoin has done but with failed results. This is mainly because altcoon creators have their own motives in mind unlike what satoshi had.

So one can try their hand at altcoins at their own risk. But I prefer to lead the simple less hassle life and hence stick to bitcoin. If you learn how to take advantage of the market with bitcoin, you can easily continue to accumulate more coins over the years of up and down.

The point is that of distractions, which has always been the case with altcoins. New investors need to be careful of these things only.

Those who want hassle free investment must stick to Bitcoin because investing in alt coins is like taking a big risk in which chances of survival are low. In Bitcoin there will be times of depression when price went down and we need to stay strong during such times because price will go up in the long run. The key to success with Bitcoin is to keep investing for 4 years or more without looking at price on daily basis. One more thing to consider is to avoid alt coins, specially that claim to have features better then Bitcoin.