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Author Topic: After years in this space...I am now a BTC/ETH maximalist (Both are important)  (Read 1259 times)
Betwrong
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December 09, 2019, 10:43:00 AM
 #41

I definitely agree with that. I only buy btc and eth so far. I think they are really the most reliable cryptos. Besides, I want to focus on these two coins rather having many other coins. Its so hard to monitor. With only two coins I can manage it well aside from the fact that I still have my whole day regular job. Its really amazing how btc and eth had become this far, especially btc. And I'm so proud to have chosen them as my crypto coins now.

If this is the case, you could still use the other cryptocurrency aside from bitcoin and ethereum. Just try to maximize the potential of other cryptocurrency and to help them grow as bitcoin and ethereum does from time to time. I am using XRP to pay small unit transaction which I find efficient especially if I am withdrawing in exchange, I always take advantage of the low market transaction fees that it has. Then buy and invest in bitcoin and ethereum for profit.

I heard that some people are using XRP and some other alts to withdraw from an exchange in order to pay lower withdrawal fees, but imo they are just fooling themselves. Is it really profitable in the end, to first exchange your BTC to XRP on an exchange(certainly losing something in the process), then withdraw XRP, and then, what, exchange XRP back to BTC?  I seriously doubt that it's profitable.

 
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December 09, 2019, 09:27:23 PM
 #42

The Ethereum is a big disappointment in my opinion. How much it suffers in price loss. Ethereum needs to get up again. Everyone is waiting to update. I think there will be a move after the update. However, Bitcoin needs to remain a little immobile.
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December 10, 2019, 12:05:44 AM
 #43

I definitely agree with that. I only buy btc and eth so far. I think they are really the most reliable cryptos. Besides, I want to focus on these two coins rather having many other coins. Its so hard to monitor. With only two coins I can manage it well aside from the fact that I still have my whole day regular job. Its really amazing how btc and eth had become this far, especially btc. And I'm so proud to have chosen them as my crypto coins now.

If this is the case, you could still use the other cryptocurrency aside from bitcoin and ethereum. Just try to maximize the potential of other cryptocurrency and to help them grow as bitcoin and ethereum does from time to time. I am using XRP to pay small unit transaction which I find efficient especially if I am withdrawing in exchange, I always take advantage of the low market transaction fees that it has. Then buy and invest in bitcoin and ethereum for profit.

I heard that some people are using XRP and some other alts to withdraw from an exchange in order to pay lower withdrawal fees, but imo they are just fooling themselves. Is it really profitable in the end, to first exchange your BTC to XRP on an exchange(certainly losing something in the process), then withdraw XRP, and then, what, exchange XRP back to BTC?  I seriously doubt that it's profitable.

Yes, it is. Some places charge up to $10 and if you withdraw as another currency you lose about $1 or so or even make a $1 it depends how the coin you exchanged to is doing. Then deposit into a place with law withdraw like Tradeogre I use and then exchange again and withdraw. You will save a few $$ If you trade in large amounts this amount is meaningless so it is really just for smaller withdraws.

The Ethereum is a big disappointment in my opinion. How much it suffers in price loss. Ethereum needs to get up again. Everyone is waiting to update. I think there will be a move after the update. However, Bitcoin needs to remain a little immobile.

We need ether for tokens though. Not that token is particularly good. Most are rubbish and scams. But still it is needed for gas fees.

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December 10, 2019, 12:22:20 AM
 #44

After all these years, I still put my faith in BTC and ETH. I could say that I choose to be blind when it comes to other altcoins and it is very confusing to learn everything on my end. I personally choose to just stick to the two stronger ones which I think will still be in the market even after a few years. I have this impression that other altcoins won't be here after some time and would only turn to scam, leaving its investors helpless.

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December 10, 2019, 12:28:44 AM
 #45

I've been in this space since 2014. I have always been a Bitcoin Maximalist.  Than 2017 happened, and it was hard not to chase altcoins.  After the hype died down, and the dust settled, I realized that there is room to be a BITCOIN/ETHEREUM Maximalist.  Every other project is a "me too," or a clone, or redundant, or vaporware.  The only two blockchains we need right now are Bitcoin and Ethereum...and we need BOTH! Not just Bitcoin anymore.

I love Bitcoin...LOVE it!  But when it really comes down to it, I use Ethereum in actual, practical use cases.  I recently bought something in USDC...which utilizes Ethereum.  Stablescoins, ICOs, IEOs, SEOs, Defi will be built on Ethereum.

I have fallen in love with Ethereum as hard as Bitcoin, and I see value in both.  Ethereum is extremely elegant, and may end up being more important in this space than Bitcoin one day.  It is the foundation of the Defi movement.

So there can be a category of people who consider themselves BTC/ETH Maximalists.
I am not surprised, bitcoin is without a doubt the leader of this market and the image as well, but if we were to think of any other coin that is very useful and has a lot of potential then ethereum is definitely that coin, besides bitcoin the only other coin in which I am invested is ethereum because I really think that despite its current weakness it will surely recover in the future and when that happens I am going to be ready holding some ethereum to take advantage of it.
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December 10, 2019, 05:30:38 AM
 #46

I love Bitcoin and Ethereum too. I need Ethereum to buy and sell my Tokens but to get from my local currency I need to sell Bitcoin. The rates are very high in the exchanges at least I found Swap on blockchain.com a resource that reduces my commissions. And you are right to say that:

Ethereum is extremely elegant, and may end up being more important in this space than Bitcoin one day. 

I also see it the same I feel wonderful of all the advances that have been achieved so far. Staking, Collateral, Loans, Interest-based on Bitcoin and other cryptos. The finances in the crypto space are giving the community what they need. Let's wait for more!

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December 10, 2019, 01:05:20 PM
 #47

Ethereum is no doubt the best altcoin and second best cryptocurrency after Bitcoin. There is a saying that "never put all your eggs in one basket". There are few other good altcoin also (litecoin, monero etc) try to invest in them also and have a diverse portfolio rather then having a portfolio of just one altcoin.

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December 10, 2019, 01:50:10 PM
 #48

Ethereum is no doubt the best altcoin and second best cryptocurrency after Bitcoin. There is a saying that "never put all your eggs in one basket". There are few other good altcoin also (litecoin, monero etc) try to invest in them also and have a diverse portfolio rather then having a portfolio of just one altcoin.
The saying applies in all places, if you invest then you should not invest on just one coin, because many coins have the potential whereas in other fields are not much different. so we have to really take advantage of things that are profitable and we have to look for those coins that are profitable

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December 10, 2019, 02:19:58 PM
 #49

Ethereum is no doubt the best altcoin and second best cryptocurrency after Bitcoin. There is a saying that "never put all your eggs in one basket". There are few other good altcoin also (litecoin, monero etc) try to invest in them also and have a diverse portfolio rather then having a portfolio of just one altcoin.
In my view its all about bitcoin price nothing else. Whenever bitcoin price goes up we see altcoins also going up, even shit coins join the party. Even if you have ethereum along with few good altcoins in your list you will only get profit if bitcoin goes up. That's the reason I prefer investing in bitcoin only.


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December 10, 2019, 02:29:15 PM
 #50

Ethereum is no doubt the best altcoin and second best cryptocurrency after Bitcoin. There is a saying that "never put all your eggs in one basket". There are few other good altcoin also (litecoin, monero etc) try to invest in them also and have a diverse portfolio rather then having a portfolio of just one altcoin.

For the top 2 cryptocurrencies, they are both deserving and worth it to be invest at as they do have the potential among others, so I won't disagree with the OP, for a couple of years, they were my favorites and will be my favorite of all time, so we should not worry about it as these upcoming years, for sure that their name will continue to develop and grow.
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December 10, 2019, 02:38:41 PM
 #51

Ethereum is no doubt the best altcoin and second best cryptocurrency after Bitcoin. There is a saying that "never put all your eggs in one basket". There are few other good altcoin also (litecoin, monero etc) try to invest in them also and have a diverse portfolio rather then having a portfolio of just one altcoin.
The saying applies in all places, if you invest then you should not invest on just one coin, because many coins have the potential whereas in other fields are not much different. so we have to really take advantage of things that are profitable and we have to look for those coins that are profitable

This saying does not apply to all cases, it only applies to those with more or less equal outcomes. If you have two good baskets(BTC and ETH, in our case), I think you shouldn't think of other baskets to put your eggs in. Sometimes putting your eggs in more baskets you are only increasing your chance of losing.

 
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December 10, 2019, 02:39:25 PM
 #52

I am rather a BTC maximalist, other coins interest me to a lesser extent or do not interest at all.
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December 11, 2019, 06:55:06 AM
 #53

Ethereum is no doubt the best altcoin and second best cryptocurrency after Bitcoin. There is a saying that "never put all your eggs in one basket". There are few other good altcoin also (litecoin, monero etc) try to invest in them also and have a diverse portfolio rather then having a portfolio of just one altcoin.
The saying applies in all places, if you invest then you should not invest on just one coin, because many coins have the potential whereas in other fields are not much different. so we have to really take advantage of things that are profitable and we have to look for those coins that are profitable

This saying does not apply to all cases, it only applies to those with more or less equal outcomes. If you have two good baskets(BTC and ETH, in our case), I think you shouldn't think of other baskets to put your eggs in. Sometimes putting your eggs in more baskets you are only increasing your chance of losing.
Between bitcoin and ethereum price right now look very different, last yearn when bitcoin have price about $7k ethereum can raise above $500 but today although bitcoin have higher price but ethereum keep down under $200 and today look not potential for ethereum back to higher price, very terrible problem for ethereum after many ICO and IEO scam where make ethereum price dump.

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December 11, 2019, 07:06:52 AM
 #54

Ethereum is no doubt the best altcoin and second best cryptocurrency after Bitcoin. There is a saying that "never put all your eggs in one basket". There are few other good altcoin also (litecoin, monero etc) try to invest in them also and have a diverse portfolio rather then having a portfolio of just one altcoin.

For the top 2 cryptocurrencies, they are both deserving and worth it to be invest at as they do have the potential among others, so I won't disagree with the OP, for a couple of years, they were my favorites and will be my favorite of all time, so we should not worry about it as these upcoming years, for sure that their name will continue to develop and grow.
to get profits by investing, the top crypto does have the potential to be profitable but it still needs research so that the investments made really give good results, when holding and also selling it. and I personally believe in investing in top crypto because they have better potential

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December 11, 2019, 12:11:41 PM
 #55

The Ethereum is a big disappointment in my opinion. How much it suffers in price loss. Ethereum needs to get up again. Everyone is waiting to update. I think there will be a move after the update. However, Bitcoin needs to remain a little immobile.

Why would it grow if it's fundamentally a, like you say, disappointment? Dapps suck, no one uses them for serious application, best thing you can do with them is gambling, but gambling is already oversaturated in crypto. ETH is still nowhere near solving scalability, and even if it were, it would come at a cost of trading decentralization.
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December 11, 2019, 02:20:16 PM
 #56

Ethereum is no doubt the best altcoin and second best cryptocurrency after Bitcoin. There is a saying that "never put all your eggs in one basket". There are few other good altcoin also (litecoin, monero etc) try to invest in them also and have a diverse portfolio rather then having a portfolio of just one altcoin.
The saying applies in all places, if you invest then you should not invest on just one coin, because many coins have the potential whereas in other fields are not much different. so we have to really take advantage of things that are profitable and we have to look for those coins that are profitable

This saying does not apply to all cases, it only applies to those with more or less equal outcomes. If you have two good baskets(BTC and ETH, in our case), I think you shouldn't think of other baskets to put your eggs in. Sometimes putting your eggs in more baskets you are only increasing your chance of losing.
Between bitcoin and ethereum price right now look very different, last yearn when bitcoin have price about $7k ethereum can raise above $500 but today although bitcoin have higher price but ethereum keep down under $200 and today look not potential for ethereum back to higher price, very terrible problem for ethereum after many ICO and IEO scam where make ethereum price dump.

If you are saying that it is better to invest in Bitcoin alone, rather than in Ethereum too, I'm not going to argue with you, because I too think that BTC is a better choice. But I was replying to the post saying that one should invest in more alts than just in BTC and ETH, in order to not "put all your eggs in one basket", or rather "in two baskets" in that case.

 
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darkangel11
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December 11, 2019, 02:33:08 PM
 #57

ETH is overhyped. There was to be a whole industry based on its tokens and it all fell apart. We can say that ETH was a bubble in itself making all those greedy coin devs try and fail to make proper useful coins that will get accepted by merchants and really make things easier for people.
We had attempts at casino tokens, computer game money, storage tokens, safety tokens, healthcare tokens, security tokens, you name it. They all failed and are now worth less than 10% of their initial offering value.
I'm an all in bitcoin holder but I would never go all in on ETH.
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December 11, 2019, 09:42:47 PM
Merited by Carlton Banks (3)
 #58

ETH is overhyped. There was to be a whole industry based on its tokens and it all fell apart.

that was never the promise of ethereum. the ICO bubble was just typical human greed playing out. it's silly to blame the underlying technology for peoples' greed. most of the garbage companies from the dot-com era didn't survive either.

tokenization is actually pretty cool, and theoretically it's a real game changer for secondary securities markets, in terms of both accessibility and liquidity. ethereum in general offers really interesting functionality, much of which probably isn't fully understood yet. my main problem with ethereum is that it's bloatware. it wasn't designed for scalability. but the market might keep building on it (and valuing it) if node decentralization isn't seen as a principal concern.

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December 11, 2019, 11:50:21 PM
 #59

Ethereum is no doubt the best altcoin and second best cryptocurrency after Bitcoin. There is a saying that "never put all your eggs in one basket". There are few other good altcoin also (litecoin, monero etc) try to invest in them also and have a diverse portfolio rather then having a portfolio of just one altcoin.
The saying applies in all places, if you invest then you should not invest on just one coin, because many coins have the potential whereas in other fields are not much different. so we have to really take advantage of things that are profitable and we have to look for those coins that are profitable

This saying does not apply to all cases, it only applies to those with more or less equal outcomes. If you have two good baskets(BTC and ETH, in our case), I think you shouldn't think of other baskets to put your eggs in. Sometimes putting your eggs in more baskets you are only increasing your chance of losing.
Between bitcoin and ethereum price right now look very different, last yearn when bitcoin have price about $7k ethereum can raise above $500 but today although bitcoin have higher price but ethereum keep down under $200 and today look not potential for ethereum back to higher price, very terrible problem for ethereum after many ICO and IEO scam where make ethereum price dump.

If you are saying that it is better to invest in Bitcoin alone, rather than in Ethereum too, I'm not going to argue with you, because I too think that BTC is a better choice. But I was replying to the post saying that one should invest in more alts than just in BTC and ETH, in order to not "put all your eggs in one basket", or rather "in two baskets" in that case.
Bitcoin is leading the crypto market at the present but i think at the end of the day, ethereum will gain higher importance than bitcoin because if its practical usage. Both are really important so we should learn to maximize them in our portfolio rather than focusing on some other newly coins.

 
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December 12, 2019, 01:24:01 AM
 #60

I've been in this space since 2014. I have always been a Bitcoin Maximalist.  Than 2017 happened, and it was hard not to chase altcoins.  After the hype died down, and the dust settled, I realized that there is room to be a BITCOIN/ETHEREUM Maximalist.  Every other project is a "me too," or a clone, or redundant, or vaporware.  The only two blockchains we need right now are Bitcoin and Ethereum...and we need BOTH! Not just Bitcoin anymore.

I love Bitcoin...LOVE it!  But when it really comes down to it, I use Ethereum in actual, practical use cases.  I recently bought something in USDC...which utilizes Ethereum.  Stablescoins, ICOs, IEOs, SEOs, Defi will be built on Ethereum.

I have fallen in love with Ethereum as hard as Bitcoin, and I see value in both.  Ethereum is extremely elegant, and may end up being more important in this space than Bitcoin one day.  It is the foundation of the Defi movement.

So there can be a category of people who consider themselves BTC/ETH Maximalists.
Under 2017 bitcoin and ethereum look like have connected where bitcoin with higher price ethereum can potential to be on higher price too, but today when bitcoin can raise above $7k ethereum look weakness with lower price today about $144, how come ethereum and bitcoin have far away price not the same like three years ago when ethereum can up more than above $1k.

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