Synerggy (OP)
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Apart from the fact that BTC is the first that we all know ( there are actually few coins before BTC though ) this coin still take the lead on the battle front, whatever is going to trampled on crypto ( bad news or other ) they always point to BTC first, in fact BTC will keep taking the lead for years to come this is why I advice newbies who know too less about crypto but in haste to rather take the risk on BTC, why?
1. You can buy and decide to never look back, no one is changing BTC chain to other, it's not a smart contract project
2. The only coin that still stands it's ground on decentralisation
3. You will sleep peacefully at night 😂😂
BTC isn't the best around but it's the best for newbies who don't want to waste time, way better than hype on shitcoins
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Gorosden
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August 19, 2021, 04:48:39 PM |
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Nice post but as the same time so many people just prefer taking huge risks on altcoins and so far some people are pretty lucky, it's a fact that many don't want to learn first before jumping the wagon but as a newbie we all like learning the hard way, FOMO/Hype are like magnets to newbies
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elliottflz65
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August 19, 2021, 05:19:04 PM |
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1. You can buy and decide to never look back, no one is changing BTC chain to other, it's not a smart contract project
Hard forks are possible but they would have to gain the majority vote which has proven difficulty in the past when there has been major changes and there are doubts about the change. You are probably right that it is unlikely that Bitcoin changes drastically but there is a possibly it does change via a hard fork.
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boyptc
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August 19, 2021, 07:07:39 PM |
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3. You will sleep peacefully at night 😂😂
I thought that I'm the only one that thinks that bitcoin's price going to be up after I sleep. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) BTC isn't the best around but it's the best for newbies who don't want to waste time, way better than hype on shitcoins
I reckon, too many newbies that have been hyped buying altcoins and they'll feel bad whenever they see their coins start to dump that quick while looking at bitcoin goes up.
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Porfirii
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August 19, 2021, 07:27:38 PM |
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Nice post but as the same time so many people just prefer taking huge risks on altcoins and so far some people are pretty lucky, it's a fact that many don't want to learn first before jumping the wagon but as a newbie we all like learning the hard way, FOMO/Hype are like magnets to newbies
I agree, but at the same time, they can invest in alts in order to sell them at a higher price and buy more Bitcoin. It doesn't make much sense these days that the king of all cryptomoneys is undoubtedly leading the way, but who knows, if we saw a decoupling that risk could bring better returns.
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defi-Dany
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August 20, 2021, 07:45:25 AM |
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Bitcoin is indeed a reassuring cryptocurrency. I wouldn’t worry if the price fell 50% . With enough confidence, it will come back sooner or later
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CrossroadBTC
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August 20, 2021, 02:56:36 PM |
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3. You will sleep peacefully at night 😂😂
I thought that I'm the only one that thinks that bitcoin's price going to be up after I sleep. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) BTC isn't the best around but it's the best for newbies who don't want to waste time, way better than hype on shitcoins
I reckon, too many newbies that have been hyped buying altcoins and they'll feel bad whenever they see their coins start to dump that quick while looking at bitcoin goes up. Also BTC is always be the first to take the giant step, in 2017 BTC was the first ti be incredibly bullish before altcoins start revaluation, since 4th quarter of 2020 also BTC was the first ti take the lead before altcoins start joining the race, this is another reason to hold BTC for long term instead
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Skinny48
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August 20, 2021, 03:14:55 PM |
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Bitcoin is indeed a reassuring cryptocurrency. I wouldn’t worry if the price fell 50% . With enough confidence, it will come back sooner or later
It's not that easy, BTC may fall down to 70% off if bear market starts now, I'm also sure that many bad news will come that will eventually lead people into panic mode and there will be massive sell off, the real deal is if this happens will you be strong enough to still hold?
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mk4
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August 20, 2021, 03:36:16 PM |
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3. You will sleep peacefully at night 😂😂
This couldn't be any more true. In the 2018-2020 bear market, where I solely held BTC, I couldn't give a crap when it dropped to 3k, knowing that it will go back up someday. Now that we're borderline 'somewhat' in a bull market, that I'm back to having altcoin bets to increase my stack, I've been a lot more restless. Bear markets are honestly a lot more relaxing.
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sapnu
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August 20, 2021, 04:25:24 PM |
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Apart from the fact that BTC is the first that we all know ( there are actually few coins before BTC though ) this coin still take the lead on the battle front, whatever is going to trampled on crypto ( bad news or other ) they always point to BTC first, in fact BTC will keep taking the lead for years to come this is why I advice newbies who know too less about crypto but in haste to rather take the risk on BTC, why?
1. You can buy and decide to never look back, no one is changing BTC chain to other, it's not a smart contract project
2. The only coin that still stands it's ground on decentralisation
3. You will sleep peacefully at night 😂😂
BTC isn't the best around but it's the best for newbies who don't want to waste time, way better than hype on shitcoins
Bitcoin indeed is a good place to start for newbies hence they should take consideration first of learning about it and other coins. As they get more knowledge about crypto, they should decide afterwards then if they are going to focus on investing in bitcoin alone or choose to diversify their investment on different altcoins too. Knowledge is power, as long as they are eager to learn each day, they will have the capability to make the right decisions and to do the best course of action for them to be successful regardless of their short stay in the crypto world.
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The Cryptovator
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August 20, 2021, 05:24:01 PM |
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BTC isn't the best around but it's the best for newbies who don't want to waste time, way better than hype on shitcoins
That's the point I like in your post. Newbies should enter Bitcoin first rather than invest in any other shit coins. Due to a lack of crypto knowledge newbies thought they could make money from shitcoin soo quickly. But they were unaware of the risk that they could be lost everything in this hype. We know very well about Bitcoin trends, holding Bitcoin will not drive you to loss if you have patience. Somedays Bitcoin would recover the price. But some shitcoin never recover, I have a real experience in my life and this was a costly lesson.
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boyptc
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August 20, 2021, 10:25:33 PM |
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BTC isn't the best around but it's the best for newbies who don't want to waste time, way better than hype on shitcoins
I reckon, too many newbies that have been hyped buying altcoins and they'll feel bad whenever they see their coins start to dump that quick while looking at bitcoin goes up. Also BTC is always be the first to take the giant step, in 2017 BTC was the first ti be incredibly bullish before altcoins start revaluation, since 4th quarter of 2020 also BTC was the first ti take the lead before altcoins start joining the race, this is another reason to hold BTC for long term instead Yes, just like now. Bitcoin once again steps to $49k and there are altcoins that are also moving with an uptrend. It would always be bitcoin as the best of them all, although some alts are really making it as well but they're not lasting to stay at the top.
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decodx
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August 20, 2021, 11:01:42 PM |
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there are actually few coins before BTC though ...
Can you tell me what crypto coins were before BTC? I wasn't aware of them... I thought that the Bitcoin started it all.
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Luffygroove
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August 21, 2021, 02:52:14 AM |
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Holding Bitcoin is rather safe than Altcoin for newbies might be accurate, however as a human we tend to find a way to seek for bigger profits. For newbies, don't forget to learn and do research before taking any decision. FYI, we can gain profits from both Bitcoin and Altcoin cause we can go ping pong from bitcoin to altcoin and vise versa. All we need to know is when the bitcoin domination happen and when is the Altcoin turn to the bull run. This info can be gained by years of observation (our own analysis) or analysis by experts. I believe bitcoin is a long-time asset so it doesn't matter when is your entry point, it's gonna be profitable in the future.
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aysg76
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August 21, 2021, 06:24:52 AM |
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Apart from the fact that BTC is the first that we all know ( there are actually few coins before BTC though ) this coin still take the lead on the battle front, whatever is going to trampled on crypto ( bad news or other ) they always point to BTC first, in fact BTC will keep taking the lead for years to come this is why I advice newbies who know too less about crypto but in haste to rather take the risk on BTC, why?
1. You can buy and decide to never look back, no one is changing BTC chain to other, it's not a smart contract project
2. The only coin that still stands it's ground on decentralisation
3. You will sleep peacefully at night 😂😂
BTC isn't the best around but it's the best for newbies who don't want to waste time, way better than hype on shitcoins
You have adviced newbie's to invest in bitcoin and on the other side saying it's not the best coin around the market and on what basis you are making such controversial statement? Which other best alternative are on your mind that are best than bitcoin in any terms whether it's return or security ? There are load of shitcoins available in the market and newbies investors got into hype trap which is true and in hope of earning huge profits in short span add such shitcoins in their portfolio which will devalue their initial investment so it's better to invest in bitcoin. But for bitcoin investment there are certain factors which makes it best choice of investment which you have not mentioned till and you must tell others like : 1) Bitcoin is the most secured decentralised cryptocurrency available in the market 2) The miners will always be making it secure network even after 2140 when all coins will be mined due to transaction rewards associated with it. 3) It has suffered major crash and dumps and you can look at All time low rather than ATH and you will get complete knowledge that it has grown substantially with over 62000% returns in 12-13 years only. 4) The government and companies are ready to accept bitcoin payments as it is most popular choice and safe mode of payment. The best and best choice is bitcoin for sure but you need to be patient enough and for peaceful night sleep you don't need to worry about the bearish trends and think about long term but most of them say this and when it happens we see panic selling again.When you analyse the technical working of bitcoin you would come to know how much secured it is and how decentralisation actually works and your get freedom of funds.
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Maus0728
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August 21, 2021, 06:41:11 AM |
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Can you tell me what crypto coins were before BTC? I wasn't aware of them... I thought that the Bitcoin started it all.
Bitcoin is a product of previous digital money that has been created decades of years before the existence of bitcoin. And as far as I know, it all started from Adam Back's Hashcash to Wei Dai's bmoney up until to Nick Szabo's BitgoldSatoshi combined combined these founding pieces of technology that results to an innovated cryptographic based currency called bitcoin. Full details here - https://cacm.acm.org/magazines/2017/12/223058-bitcoins-academic-pedigree/fulltext?mobile=false
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Synerggy (OP)
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August 21, 2021, 06:42:46 AM |
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Apart from the fact that BTC is the first that we all know ( there are actually few coins before BTC though ) this coin still take the lead on the battle front, whatever is going to trampled on crypto ( bad news or other ) they always point to BTC first, in fact BTC will keep taking the lead for years to come this is why I advice newbies who know too less about crypto but in haste to rather take the risk on BTC, why?
1. You can buy and decide to never look back, no one is changing BTC chain to other, it's not a smart contract project
2. The only coin that still stands it's ground on decentralisation
3. You will sleep peacefully at night 😂😂
BTC isn't the best around but it's the best for newbies who don't want to waste time, way better than hype on shitcoins
You have adviced newbie's to invest in bitcoin and on the other side saying it's not the best coin around the market and on what basis you are making such controversial statement? Which other best alternative are on your mind that are best than bitcoin in any terms whether it's return or security ? There are load of shitcoins available in the market and newbies investors got into hype trap which is true and in hope of earning huge profits in short span add such shitcoins in their portfolio which will devalue their initial investment so it's better to invest in bitcoin. But for bitcoin investment there are certain factors which makes it best choice of investment which you have not mentioned till and you must tell others like : 1) Bitcoin is the most secured decentralised cryptocurrency available in the market 2) The miners will always be making it secure network even after 2140 when all coins will be mined due to transaction rewards associated with it. 3) It has suffered major crash and dumps and you can look at All time low rather than ATH and you will get complete knowledge that it has grown substantially with over 62000% returns in 12-13 years only. 4) The government and companies are ready to accept bitcoin payments as it is most popular choice and safe mode of payment. The best and best choice is bitcoin for sure but you need to be patient enough and for peaceful night sleep you don't need to worry about the bearish trends and think about long term but most of them say this and when it happens we see panic selling again.When you analyse the technical working of bitcoin you would come to know how much secured it is and how decentralisation actually works and your get freedom of funds. I definitely want to answer your question friend, I know bitcoin is the best decentralized project today but what I meant is BTC isn't the best when it comes to insane returns, imagine getting better returns from shitcoins? Meme coins? These can mislead newbies so I was just warning them not to look at that side of returns, the higher the returns the greater the risks
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GeorgeJohn
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August 21, 2021, 11:01:28 AM |
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Looking at all the cryptocurrencies it's very obvious that bitcoin is just like their father or the head of all the coins from my perspective, now at the beginning if bitcoin is been affected in the market sphere it's clear that any other will have complications via market, buying BTC you really need to have a double taught because it's the master of all cryptocurrencies irrespective that we have subordinate coins or sub coins such as ethereum litecoin in specie's of alternative coins who are also doing well, as well as bitcoin, so we don't need to justify any decentralized currency provided that is in existence, their is hope in all cryptocurrencies.
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pawanjain
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August 21, 2021, 03:05:23 PM |
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That's absolutely true. But most of the people joining the crypto community are joining because of the high returns that cryptocurrencies give when compared to other assets. I have seen completely new people to crypto asking if he should invest in Dogecoin. This shows that people are just getting involved because of the hype around crypto. This is why we all should make people aware of what they are doing and ask them to rather get started with bitcoin. Investing in altcoins is their own personal choice but only when they know what crypto is all about and they know what they are doing.
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FloridaKid
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August 21, 2021, 04:27:43 PM |
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Hype is why many newbies are investing in crypto, they have no idea which one is the best, I've helped people buy coins before and most of those coins are nonsense projects, for example meme coins lol 🤣 I tried talking them out of it but it just seem they've zero their mind on other coins except meme coins
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