Reasons why I prefer Bitcoin over any other assets and dips don't panic me....

[rodskee]

Compared with other altcoins, Bitcoin has more complete technical support and is a safer investment currency. And bitcoin has brought huge benefits to many holders, and in the long run, the increase in people's demand for it will also cause the price of Bitcoin to continue to rise.

But altcoins also has safer investment like those who are listed in top 10 currencies.

Bitcoin is the safest of course because of the Huge support and high demand but remember that altcoins also promise more support and benefits.

remember also that in Congestion we use altcoins instead of Bitcoin because of the High fees from the miners that cost us  a lot and make us turn at altcoins for a while.

[aysg76]

But altcoins also has safer investment like those who are listed in top 10 currencies.

Okay so you believe all that are in top 10 on CMC are safe investment? They have doge at number #10 and how much safe you consider it and another centralised coin XRP at #8 who has managed to stay under $1 for long period of time and many other which does not have future guarantee that whether they will be in top 10 or not so how do you call them safe in regards to bitcoin who has given so much returns to the holders.

Bitcoin is the safest of course because of the Huge support and high demand but remember that altcoins also promise more support and benefits.

Wrong bitcoin is not safe due to huge demand but it is safe due to full nodes and the miners and it's complete decentralisation as the demand is totally another factor and those altcoins you are talking about have not much nodes and security could be compromised any time or the centralised wallets could take over the market to create dump like situation as most of them are low priced.So not much of security in them as well.

remember also that in Congestion we use altcoins instead of Bitcoin because of the High fees from the miners that cost us  a lot and make us turn at altcoins for a while.

Fees is main concern for many but have you seen the gas at this time as they cost much more then bitcoin and sometimes memepool is empty of which you can take advantage of and pay less than usual but it's really not a big problem if you take it as an investment rather than making more transactions on daily basis.You can check out it here in detailed view in thread by LoyceV :

[Dec 2021] Mempool empty! Use this opportunity to Consolidate your small inputs!

Don't get bitcoin if you don't want but make some clarification on your basis as i also got it late and now btc is my best option mate.

[awik p]

Compared with other altcoins, Bitcoin has more complete technical support and is a safer investment currency. And bitcoin has brought huge benefits to many holders, and in the long run, the increase in people's demand for it will also cause the price of Bitcoin to continue to rise.

But altcoins also has safer investment like those who are listed in top 10 currencies.

Bitcoin is the safest of course because of the Huge support and high demand but remember that altcoins also promise more support and benefits.

remember also that in Congestion we use altcoins instead of Bitcoin because of the High fees from the miners that cost us  a lot and make us turn at altcoins for a while.

In cryptocurrency, bitcoin investment is indeed the safest, and it is not surprising that bitcoin is the main choice for investing, the rest of the altcoins can provide greater profits, but the risk is greater. therefore the top 10 altcoin positions can be an option to invest safely, and it seems that other investors think so too

[dezoel]

At this point the price dip is the last thing that is going to scare me in the cryptocurrency market, especially when it has to do with bitcoin. I was only used to be scared of the price dip when I was still a newbie and that was years back, when I had no clue at all whether the price of bitcoin is going to be recovering back above the highest price that it has reached at that point. Because, then nobody was sure whether it is going to keep moving up or if it will go down, although we did have the believe that it will keep on increasing in value.

But at this point, things have changed, because this is like 12 years now with Bitcoin still having a serious growth. and we are still looking forward to more of the growth and reaching a higher price that is more than what we have achieved so far.

[Cindella]

Bitcoin is a good choice for long-term investment. It is still in the early stages of the development of cryptocurrency. Bitcoin has been developed for more than ten years and is recognized by more people. As time goes by and the demand for it increases, its value will continue to increase.

[aysg76]

I don't think anyone can keep holding bitcoins and not selling them (very rich people may never sell them). Buying Bitcoin is equivalent to investing. Investment is the difference in price earned, so everyone basically buys when the price is low and sells when the price is high. This is especially true for value coins like Bitcoin. Don't panic when the price drops but choose to buy.

See i can't say we can perfectly time out the buy and sell options like you are saying because who will decide the peak and who will decide the bottom? It's the market trend and change in demand and supply that will deviate the prices so we can't exactly say what will happen next.But there are certain things which you can do like if you have bought at low and now the prices are above you could sell making small profits if you need funds or simply hold it for long term if you can and enjoy later on.The best is you can do DCA bitcoin investment and buy at dips rather than panicking and selling at dumps which is stupidity.

Bitcoin has been very influential in the economy.  So many resources to learn about this currency it's crazy!!  I am still learning myself.  For those interested in Bitcoin check out the link below for more insight to learn about Bitcoin and what it can do for you!!!  https://www.digistore24.com/redir/372937/LifeNew2022/

The more you learn about it the more you will become interested in it and your altcoin choices will be reduced automatically which happened with me but the main thing is you are learning from the reliable resources because sometimes information is tampered about bitcoin to show it in negative role so you can search on this forum to have correct information about the same and for newbies like you this is very helpful topic :

5 Resources to teach Average Joe about Bitcoin

For me bitcoin is best and it could not be for you as we all have separate needs and preferences so make your choices.

[muratsink]

the reason beginners choose bitcoin investment is because bitcoin is an investment that is so transparent and open about a panic with the decline in bitcoin prices at this time may also have an impact on miners especially for beginners but it is not affected by the decline in bitcoin which creates panic among beginners, if you look at the last few years bitcoin has a very high price but we also believe that within the next few years that bitcoin will rise again as it has before

[Flexuose]

@Levero I totally agree with your point. And moreover bitcoin has gained popularity in no time as compared to any other assets. If the value ever goes down it is more likely to go up in sometime. Traders find it an opportunity for buying more bitcoins when the value goes down.

[aysg76]

@Levero I totally agree with your point. And moreover bitcoin has gained popularity in no time as compared to any other assets. If the value ever goes down it is more likely to go up in sometime. Traders find it an opportunity for buying more bitcoins when the value goes down.

If you want to reply to some members the best is to quote reply him as a friendly posting advice to you.There is quote option on the right side of each post along with the merit so click it and reply it through that which is more easy and would advise you as well to read this post of mine :

Posting techniques for newbies on the forum

Speaking of Bitcoin many still doesn't understand it completely and see it as mere tool to become rich and when they see price dumping they panic sell and comes to those bitcoin obituaries part saying it is dead or so but when it pumps again they want to invest in it again but can't.Other see altcoins pumping hard and invest in the rush with others to earn more in short period of time and this is worst case as the coin is going to dump soon and their rat race will end.

the reason beginners choose bitcoin investment is because bitcoin is an investment that is so transparent and open about a panic with the decline in bitcoin prices at this time may also have an impact on miners especially for beginners but it is not affected by the decline in bitcoin which creates panic among beginners, if you look at the last few years bitcoin has a very high price but we also believe that within the next few years that bitcoin will rise again as it has before

I can't really understand what you have written as it's mixture of statements without any proper indication to what you want to explain so write up in proper format that expresses your thoughts easily.

[bosede1]

I am really glad to know early enough about Bitcoin at least from 2017, when I heard about dip I am not so affected because for the past three years I have known what this is all about. I will still prefer holding bitcoin 80% and any other asset 20%.

[aysg76]

I am really glad to know early enough about Bitcoin at least from 2017, when I heard about dip I am not so affected because for the past three years I have known what this is all about. I will still prefer holding bitcoin 80% and any other asset 20%.

Those who understands bitcoin at the root levels and know about the true picture of inflation and decentralisation which can give you freedom of funds will be ready to accept and invest in bitcoin regardless of any price fluctuations as happened with me.In 2017 i was holding some shit tokens earned from some projects through various sources but when the crash happened they all got dumped instantly and never rise again so i have to sell at huge loss but in actual earned little profits as i earned them not invested but those who have got scammed.

Then side by side i started reading about bitcoin in detail and come to know about it's true picture and now portfolio only consists of bitcoin only but yes you are also right on the path of 80-20% stash with first half allocated to bitcoin and rest to some other financial asset which can give you some good returns and you also diversified your risk with this.So keep this up and you will see results soon if you are pateint enough to hold it.

[dothebeats]

I'll be honest, I'm still holding some gold up to now and am thinking of ditching it all and just go full on bitcoin. Expanding the charts to a decade, we can all see that bitcoin performs infinitely better than other assets listed above. It's a no brainer, but of course people need to study the asset before investing a considerable sum to the cryptocurrency.

Altcoins can also be a good investment, but they are very shaky and not really consistent. I wouldn't recommend it to newbies, but experienced traders can try their hand on it and get an additional stream of profits aside from holding bitcoin.

[savetheFORUM]

That has just become the norm, but it doesn't really work that way because you have to be able to tell the right time for you to invest, and apart from that you also have to be able to hold it for a long time.When the price goes up there is also a time when it is going to drop, and if you don’t invest at the right time,that wrong time you invest is going to be when the price it is at its peak at that moment.

And if you invest and it drops, you are going to be losing a lot of money. After that you are also going to be waiting for a long time for the price to move up again. I know for sure that not everybody here has that level of patience. Which is why a lot of them end up losing their money in the market.

[livingfree]

Compared with other altcoins, Bitcoin has more complete technical support and is a safer investment currency. And bitcoin has brought huge benefits to many holders, and in the long run, the increase in people's demand for it will also cause the price of Bitcoin to continue to rise.

The demand will truly going to increase overtime.

It's the first choice of many and anyone who had an experience long with bitcoin, dips won't really be a thing right now. Just let it pass and also buy if you have money for doing it.

[Oilacris]

Compared with other altcoins, Bitcoin has more complete technical support and is a safer investment currency. And bitcoin has brought huge benefits to many holders, and in the long run, the increase in people's demand for it will also cause the price of Bitcoin to continue to rise.

The demand will truly going to increase overtime.

It's the first choice of many and anyone who had an experience long with bitcoin, dips won't really be a thing right now. Just let it pass and also buy if you have money for doing it.

Always remember on invest on the amount which you can afford to lose and not going all in or making out some buy increments on the money you should really be saving  for your emergency funds or something like that even though Bitcoin does have some good potential
but it wont really be always giving out that kind of assurance.

We do have our own preference and beliefs but always be considerate about risk taking factor and wont really be thinking
about getting wrekt.

Invest on the amount which you could afford to lose and wont be tending on  going all in overall.

[aysg76]

Compared with other altcoins, Bitcoin has more complete technical support and is a safer investment currency. And bitcoin has brought huge benefits to many holders, and in the long run, the increase in people's demand for it will also cause the price of Bitcoin to continue to rise.

The demand will truly going to increase overtime.

It's the first choice of many and anyone who had an experience long with bitcoin, dips won't really be a thing right now. Just let it pass and also buy if you have money for doing it.

The demand is increasing at the current time also but we are ignorant enough to keep this up.If you ever Google who accepts bitcoin payments and provide crypto related services then you will see long list and to your surprise you would find lot of people that are famous and already have invested in bitcoin.From Tim cook and many other big CEO have invested undisclosed amounts in Bitcoin and many other will disclose with time that they have accepted with time.

The problem is people will tell you it's not good investment and secretly they want the prices to dip slightly so they could manage to invest at low rates and then the most fools are those who think that it is bubble and the end of btc because if you can't do your own research and understand its deflationary nature then live with those useless fiat and other altcoins you wish to do so.

The future safety is your responsibility and bitcoin could be the helping hand to you so make your decisions wisely.

[livingfree]

Compared with other altcoins, Bitcoin has more complete technical support and is a safer investment currency. And bitcoin has brought huge benefits to many holders, and in the long run, the increase in people's demand for it will also cause the price of Bitcoin to continue to rise.

The demand will truly going to increase overtime.

It's the first choice of many and anyone who had an experience long with bitcoin, dips won't really be a thing right now. Just let it pass and also buy if you have money for doing it.

Always remember on invest on the amount which you can afford to lose and not going all in or making out some buy increments on the money you should really be saving  for your emergency funds or something like that even though Bitcoin does have some good potential
but it wont really be always giving out that kind of assurance.

We do have our own preference and beliefs but always be considerate about risk taking factor and wont really be thinking
about getting wrekt.

Invest on the amount which you could afford to lose and wont be tending on  going all in overall.

Risk only what you can afford to lose.

Do DCA if there is some money that you can use as a spare which you can add for you to have more bitcoin. Actually bitcoin is the safest asset in the crypto market that one can invest with.

[muratsink]

this has happened to bitcoin a few years before where the bitcoin price was much better than it is today but we can see today the miners do not create a meaningful committee with the current decline in bitcoin considering bitcoin is a long-term investment then we can hold our assets not to release those in the stock market so we can wait another time if bitcoin returns to a more stable price

[goku19]

My reason is very simple the why I prefer bitcoin than other is bitcoin does not depreciate instead it appreciate so when ever the market is going upside down you don't have to panic because it will surely normalize to it nature that my reason why I prefer bitcoin than other assets.

[aysg76]

this has happened to bitcoin a few years before where the bitcoin price was much better than it is today but we can see today the miners do not create a meaningful committee with the current decline in bitcoin considering bitcoin is a long-term investment then we can hold our assets not to release those in the stock market so we can wait another time if bitcoin returns to a more stable price

What are you actually saying? The current price of Bitcoin is around $46k and when were they better few years ago? The last ATH was $19800 in 2017 and after the market crash it went below $5k but the boost started after this pandemic and all the people were interested in bitcoin investment,Elon musk useless influence and coinbase listing made it even higher and it reached it's new ATH of $68k above which was surprising for all but same story after that we witness correction but the panic sellers assume it to be another major dump and started contributing worse to the situation and now see we are at $46k.But one thing is for sure that they will rise soon and we all long term holders have faith in it and don't fear these dips.

My reason is very simple the why I prefer bitcoin than other is bitcoin does not depreciate instead it appreciate so when ever the market is going upside down you don't have to panic because it will surely normalize to it nature that my reason why I prefer bitcoin than other assets.

The thing is people see it late and majority is still living in illusional world where everything is normal and inflation is still at normal rate but when you come to know about btc then you understand the true picture of how to secure your future with deflationary asset bitcoin.Few understand this and it's best for them.