Say no to maximalism

[Wind_FURY]

"Bitcoin maximalists tend to dismiss the perspectives of those outside Bitcoin."

This sentence alone serves a valuable impact to say to any maximalist out there. Most them tend to overshadow other alternative coins out there, sometimes they could be very stubborn and do not care about people's capability in investing money are all different.

If we don't have secure job, it rather hard to invest in Bitcoin since most them expecting some returns in a quite short time, therefor there are other alternatice coins beside BTC, eventho most of them are quite more speculative than Bitcoin.

There's nothing wrong with "investing" in a token/altcoin/shitcoin if you truly accept it within yourself that the way those projects are built behind them are probably not sustainable/profitable enough to maintain the value of those coins/tokens. Or the profitability of the protocol/project might not entirely depend on the coin/token.

BUT in the technical side of things, everything else is a shitcoin compared to Bitcoin. It's simply the truth. Although there might be one or two good altcoins/blockchains that may continue to exist for decades with Bitcoin.

[m2017]

I find that a large majority of people who dislike Bitcoin maximalism are people who got into Bitcoin for example, after 2017.

I am one of those. With the caveat that not after 2017, but during 2017. And one more thing. I wouldn't say that I don't like BTC-maximalism, but I would say that I like BTC-rationalism. I want to say that I am not against one thing, but a supporter of something else, that is, if an alternative option gives more advantages, then it is more rational to use it, and not hate it just because you are a supporter of the main option.

It seems to be people that have a low amount of Bitcoin, maybe less than one Bitcoin & they try to convince themselves that shitcoins are good & will moon. It seems part of human psychology, a monkey brain situation that 1,000,000,000 random shitcoin is better than the $ equivalent in Bitcoin. Kinda like 100 nuts are better than 5 nuts even if the 100 nuts are rotting & the 5 nuts are ripe & healthy.

This phenomenon exists, but it is difficult to determine which "nut is rotten and which is ripe" until you try it yourself. There is also a mental trap of choosing in favor of a larger number (whole) shitcoins than a smaller number (parts) of bitcoin. This is an illusory hope of increasing the price of all sorts of tokens, like doge or shiba, to hundreds and thousands of dollars, which is basically impossible with this garbage.

[Wind_FURY]

I find that a large majority of people who dislike Bitcoin maximalism are people who got into Bitcoin for example, after 2017.

I am one of those. With the caveat that not after 2017, but during 2017. And one more thing. I wouldn't say that I don't like BTC-maximalism, but I would say that I like BTC-rationalism. I want to say that I am not against one thing, but a supporter of something else, that is, if an alternative option gives more advantages, then it is more rational to use it, and not hate it just because you are a supporter of the main option.

If there was truly an alternative that actually improved upon Bitcoin that would be scalable without sacrifices to decentralization, then I would definitely invest in that coin. But name one "altcoin" that technically is an actual improvement and better than Bitcoin. I'm sure many users will post their coins, but everything posted will be debatable because none of them could actually scale out.

It seems to be people that have a low amount of Bitcoin, maybe less than one Bitcoin & they try to convince themselves that shitcoins are good & will moon. It seems part of human psychology, a monkey brain situation that 1,000,000,000 random shitcoin is better than the $ equivalent in Bitcoin. Kinda like 100 nuts are better than 5 nuts even if the 100 nuts are rotting & the 5 nuts are ripe & healthy.

This phenomenon exists, but it is difficult to determine which "nut is rotten and which is ripe" until you try it yourself. There is also a mental trap of choosing in favor of a larger number (whole) shitcoins than a smaller number (parts) of bitcoin. This is an illusory hope of increasing the price of all sorts of tokens, like doge or shiba, to hundreds and thousands of dollars, which is basically impossible with this garbage.

Go back every cycle and look at the top coins in CoinMarketCap.

 👀

[Smartprofit]

In my opinion, Bitcoin maximalism is more of a blessing than a curse.
If we talk about a trading strategy, what trader will find enough motivation to hold the first cryptocurrency (if he is not a Bitcoin maximalist)?
In general, an irrational concept is not always a bad concept. The cryptocurrency market is also irrational. The human brain is the brain of a higher primate. The brain of a higher primate, in principle, is not capable of making the right conclusions when it comes to truly complex systems. In general, the most important thing in life is not to be right (this is generally impossible). The most important thing in life is to do the right thing.
Bitcoin is a universal value and a global decentralized protocol for transferring value in virtual space. It is a deflationary asset in a world of inflationary assets. Buying Bitcoin and being a Bitcoin maximalist is the right decision, in my opinion.

[Abiky]

There's nothing wrong with "investing" in a token/altcoin/shitcoin if you truly accept it within yourself that the way those projects are built behind them are probably not sustainable/profitable enough to maintain the value of those coins/tokens. Or the profitability of the protocol/project might not entirely depend on the coin/token.

BUT in the technical side of things, everything else is a shitcoin compared to Bitcoin. It's simply the truth. Although there might be one or two good altcoins/blockchains that may continue to exist for decades with Bitcoin.

Not the technical side, but rather the way most alternative blockchains are organized. Around 90% of them are centralized. On a technical level, altcoins have superior features than Bitcoin. But what use does that have if they're prone to outages, vulnerabilities, and whatnot? A Blockchain network must be secure and reliable enough to be used for day-to-day payments. It's why Bitcoin is and will always be the best cryptocurrency in the world.

Nothing comes as close to BTC in terms of decentralization and censorship-resistance. Even the world's second-largest cryptocurrency by market cap (ETH) has been struggling to beat the "King". Vitalik and team got too greedy, and now they've forgotten about Ethereum's true principles of decentralization. It's nothing but a centralized "shitcoin" now. Same as Solana, Binance Chain, and XRP. Most noobs won't give a damn about this as long as they get convenience in return. It's all about making money these days.

If BTC and most other altcoins make you profit, why bother in getting to know more about their underlying mechanics? Those who actually care about decentralization, are only a handful of people (the minority). Expect Bitcoin maximalism to be relevant for the remainder of Bitcoin's existence.

[Wind_FURY]

If BTC and most other altcoins make you profit, why bother in getting to know more about their underlying mechanics? Those who actually care about decentralization, are only a handful of people (the minority). Expect Bitcoin maximalism to be relevant for the remainder of Bitcoin's existence.

My personal opinion about "those people"? It's absolutely OK. Bitcoin is permissionless, they can buy it/own it and use it the way they like/prefer. It could be their investment, their collectible, their commodity, their currency, it could also be used as payment for fees to purchase/inscribe/mint/etch their dick pics and fart sounds.

BUT that doesn't change what the technical side of Bitcoin makes out of it. - A censorship-resistant, self-sovereign asset that could weaken political strongholds.

[Abiky]

My personal opinion about "those people"? It's absolutely OK. Bitcoin is permissionless, they can buy it/own it and use it the way they like/prefer. It could be their investment, their collectible, their commodity, their currency, it could also be used as payment for fees to purchase/inscribe/mint/etch their dick pics and fart sounds.

BUT that doesn't change what the technical side of Bitcoin makes out of it. - A censorship-resistant, self-sovereign asset that could weaken political strongholds.

Of course not. The whole point was to "beat the middleman". There's no other cryptocurrency as "good as Bitcoin" in this regard. Especially when 99% of them are centralized. It's this reason why some people choose BTC on top of everything else. For each, their own cryptocurrency of choice. Just don't go crazy spending all of your life savings into crypto. The volatility brings a high risk of loss if you're not careful.

Altcoins will come and go, but BTC will survive no matter what. As long as it stays decentralized and censorship-resistant, there should be nothing to worry about. Maximalism or not, expect the crypto industry to carry on as usual.

[legiteum]

It's this reason why some people choose BTC on top of everything else.

People choose BTC because BTC was first. Everything else is pretty irrelevant compared to that. There are thousands of examples of products in the world that people choose--and continue to choose--merely because the product was the first one the masses of people had heard of. First mover advantage is an enormous benefit that has kept products going long after competitors made far better products.

Bitcoin's market share of digital currency market cap continues to shrink, even as Bitcoin itself continues to grow in value. Very soon, BTC will be in the minority of the total crypto market--it's about 55/45 now. When that happens, I suspect this will be a psychological barrier for a lot of investors, who will start to see that the serious growth in the market is going to come from digital currencies that are not called "Bitcoin".

[franky1]

BUT that doesn't change what the technical side of Bitcoin makes out of it. - A censorship-resistant, self-sovereign asset that could weaken political strongholds.

you might want to check out the developers moderation policies.. not so "censorship-resistant", but atleast you admit you see them as "sovereigns" (kings) for you to idolise

i personally am a bitcoin maximalist, but i can be a realist too and call out its central points of failure. i dont idolise the devs as gods, i idolise bitcoin not the governance structure of it

[Abiky]

People choose BTC because BTC was first. Everything else is pretty irrelevant compared to that. There are thousands of examples of products in the world that people choose--and continue to choose--merely because the product was the first one the masses of people had heard of. First mover advantage is an enormous benefit that has kept products going long after competitors made far better products.

Bitcoin's market share of digital currency market cap continues to shrink, even as Bitcoin itself continues to grow in value. Very soon, BTC will be in the minority of the total crypto market--it's about 55/45 now. When that happens, I suspect this will be a psychological barrier for a lot of investors, who will start to see that the serious growth in the market is going to come from digital currencies that are not called "Bitcoin".

Although BTC's market dominance is shrinking, no other cryptocurrency can outmatch its level of resiliency, security, and reliability. I'd expect BTC to remain the largest crypto by market cap forever. That said, altcoins provide an exciting venture for those who missed the Bitcoin train. Many coins have shiny-new features that simply can't be ignored. Whereas Bitcoin fails to provide privacy and low fees, other coins excel at this. For instance, Monero is the best coin when it comes to achieving true financial privacy and anonymity. Coins like Solana and XRP are good for blazing-fast and low cost payments (however, they fail terribly at privacy).

The crypto industry will only grow larger in the future. Some people will choose only Bitcoin for obvious reasons. But the majority will "stick" with altcoins because of their lower entry barrier and versatility. Who cares? As long as projects work together to make crypto/Blockchain tech a better place, nothing else matters.

[franky1]

Although BTC's market dominance is shrinking,
...
 I'd expect BTC to remain the largest crypto by market cap forever.

anyone can create an altcoin with a 1billioncoin premine
sell 0.00001 for $10 and yep boom.. it ost them $10 to make a $100trillion market cap..

just remember market caps are meaningless things to care about.
market caps are not measured by any reserve stores or user numbers.. its just a crap math of coins in circ * current price.. and its easy to manipulate a market cap by just selling one coin/token at X price