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

[KaliLinux]

I also like bitcoin but I feel you have shown just one side of the picture. There are some altcoins which have better features than bitcoin. Like some have very less fees while others are much faster than bitcoin. It is common sense that any coin which has better features than bitcoin and is more friendly to use overall will replace bitcoin in future. So if you have the time to analyze such coins, it is better to go with them. When they become mainstream, you will make higher profit than by investing in bitcoin.

For me, I don't think it is about the replacement of Bitcoin but just the confidence that when you invest in Bitcoin you are bound to certainly make profits from your investment if you truly follow through and this is not to say that there are no other Alts that are reliable but as we also know, most Alts price are mostly a reflection of Bitcoins price. I believe overall, Bitcoin is still the ultimate investment option.

[ItsEzMkay]

I agree with the premise, but I disagree with the only having to have Bitcoin as your knowledge increases. I think it mainly depends on the size of your bankroll to be honest. The more money you have I believe the higher Bitcoin allocation you should have. But if you have $500, it may make sense to have none at all.

[muratsink]

the most important thing is that bitcoin is an investment that is long-term.of course an investment has a ratio of ups and downs in a price but that doesn't make miners panic with the decline in bitcoin prices, this feeling besides functioning for an asset that can be maximized in the long term bitcoin also can be released when we don't want to be in the crypto world because the prices are not yet stable.because in my opinion it's better to buy at an expensive price than having to buy at a cheap price like at this time

[aysg76]

I also like bitcoin but I feel you have shown just one side of the picture. There are some altcoins which have better features than bitcoin. Like some have very less fees while others are much faster than bitcoin. It is common sense that any coin which has better features than bitcoin and is more friendly to use overall will replace bitcoin in future. So if you have the time to analyze such coins, it is better to go with them. When they become mainstream, you will make higher profit than by investing in bitcoin.

See I am not saying you all to agree with me as it's my personal choice to only invests and hold bitcoin for long term.

But to answer your questions which altcoins are you specifically telling that are better than bitcoin in all terms? You should list them as well so others know about it.The other altcoins could provide you good returns if we compare them with bitcoin but it's not the only factor which we should look at .

Ok you said about returns so let me directly compare it.The past few days or month's shiba Inu and dogecoin both rallied under Musk influence and we see doge also entering the top 10 on CMC and Shiba Inu insane growth but does it mean they are better than bitcoin? What's the security and guarantee they will give returns over long period? Their price is way too low and the market cap easily be manipulated like you could buy huge amount of coins with low amount also but that's not the case with btc at this moment.

For example MicroStrategy holds 122,478 bitcoin at this time which they bought for billion of dollars through DCA but that's little portion of supply and that's make bitcoin decentralised and you can't heavily manipulate the market but on the other side these shitcoins have no future not many nodes to take security and verify the transactions and whales hold most of the supply.So according to me they don't stand any chance against bitcoin.

[slaman29]

the most important thing is that bitcoin is an investment that is long-term.of course an investment has a ratio of ups and downs in a price but that doesn't make miners panic with the decline in bitcoin prices, this feeling besides functioning for an asset that can be maximized in the long term bitcoin also can be released when we don't want to be in the crypto world because the prices are not yet stable.because in my opinion it's better to buy at an expensive price than having to buy at a cheap price like at this time

Hate to say it but this is the truest fact for 99% of Bitcoin users. That it's a longterm investment. I know I talk about utility and advocacy and other stuff but for most mainstream people, the only thing they need to understand is that this is a longterm gig.

And by the way, long term means 5+ years, not 6 months as crypto investors seem to keep thinking the way I see them play with money lol

[deathcode]

the most important thing is that bitcoin is an investment that is long-term.of course an investment has a ratio of ups and downs in a price but that doesn't make miners panic with the decline in bitcoin prices, this feeling besides functioning for an asset that can be maximized in the long term bitcoin also can be released when we don't want to be in the crypto world because the prices are not yet stable.because in my opinion it's better to buy at an expensive price than having to buy at a cheap price like at this time

Hate to say it but this is the truest fact for 99% of Bitcoin users. That it's a longterm investment. I know I talk about utility and advocacy and other stuff but for most mainstream people, the only thing they need to understand is that this is a longterm gig.

And by the way, long term means 5+ years, not 6 months as crypto investors seem to keep thinking the way I see them play with money lol

That's right, bitcoin is an excellent asset for the long term. although not a few people also trade bitcoin for the short term.
however, I'm sure most people will agree with you. bitcoin for the long term. that's what makes holders who believe in bitcoin will not panic easily.
very different for altcoin assets, even for assets from new projects that are still hot from hatching on exchanges. when there is a decline, many people will panic and immediately secure their money. all for the reason that a large new project is likely to have a greater risk.

[aysg76]

Well, bitcoin and altcoins are much different and they have different utility case in their community. With bitcoin, even if you buy it a high price, it won't be a problem as long as your plan is to hodl it for long term, knowing its value will surely grow in time. So even if you experience a lot of dips, it will not matter to you because you have your own goal when to sell it. But wilth altcoins, the risk is even higher since altcoins are more dependent on bitcoin and some of them are just more on pump and dump. If you are hodling meme coins and shit coins, i believe that will not definitely work even if you hodl them for long term.

What utility they serve i don't know? If we say ETH is used for different projects and blockchain is widely being used for new projects like DeFi or the latest one's NFT then i understand to some extent but when the other shitcoins rise which don't have any utility or strong development to support them it's clear sign of pump and dump scheme and indicates whales are going to make huge profits for the same.

Like the latest Squid crypto was scammed of rug pull and the amount was calculated at approx $4 million around according to some reports but how the hell people invest in them? The answer to this is greed driven investment and zero research before it as they see it pumping just invest in the same and then loose.

Just hold btc and relax for long term and you will get profits as most of the altcoin holders are also not day trader and if you can risk holding them there it's better to be safe and have profits from bitcoin.

[slaman29]

And by the way, long term means 5+ years, not 6 months as crypto investors seem to keep thinking the way I see them play with money lol

That's right, bitcoin is an excellent asset for the long term. although not a few people also trade bitcoin for the short term.
however, I'm sure most people will agree with you. bitcoin for the long term. that's what makes holders who believe in bitcoin will not panic easily.
very different for altcoin assets, even for assets from new projects that are still hot from hatching on exchanges. when there is a decline, many people will panic and immediately secure their money. all for the reason that a large new project is likely to have a greater risk.

Yeah of course there are people trading but I'm talking here about bitcoin investors, not trading. And the topic we're discussing is also about Bitcoin as an investment, compared to other assets. By nature already trading is short term (long term trading doesn't make sense for Bitcoin as you want to take advantage of high volatility).

People who get big into altcoins treat BTC the same way though, from what I can see. Same silly panic.

[ultrloa]

And by the way, long term means 5+ years, not 6 months as crypto investors seem to keep thinking the way I see them play with money lol

That's right, bitcoin is an excellent asset for the long term. although not a few people also trade bitcoin for the short term.
however, I'm sure most people will agree with you. bitcoin for the long term. that's what makes holders who believe in bitcoin will not panic easily.
very different for altcoin assets, even for assets from new projects that are still hot from hatching on exchanges. when there is a decline, many people will panic and immediately secure their money. all for the reason that a large new project is likely to have a greater risk.

Yeah of course there are people trading but I'm talking here about bitcoin investors, not trading. And the topic we're discussing is also about Bitcoin as an investment, compared to other assets. By nature already trading is short term (long term trading doesn't make sense for Bitcoin as you want to take advantage of high volatility).

Tradinh long term has sense since we can look up what history says about it but unfortunately only whales can able to do this since they are the one who have flexible funds to use either the want it for long term and short term. But anyways whatever it is we can still say all option is good and this will matter according to the capabilities of the people.

[dimox]

the most important thing is that bitcoin is an investment that is long-term.of course an investment has a ratio of ups and downs in a price but that doesn't make miners panic with the decline in bitcoin prices, this feeling besides functioning for an asset that can be maximized in the long term bitcoin also can be released when we don't want to be in the crypto world because the prices are not yet stable.because in my opinion it's better to buy at an expensive price than having to buy at a cheap price like at this time

Hate to say it but this is the truest fact for 99% of Bitcoin users. That it's a longterm investment. I know I talk about utility and advocacy and other stuff but for most mainstream people, the only thing they need to understand is that this is a longterm gig.

And by the way, long term means 5+ years, not 6 months as crypto investors seem to keep thinking the way I see them play with money lol

investment is for long term, not only bitcoin, the other thing investment is really for future.
i admit if people come in crypto to make magic place, put money than in short time will pay back with big profit. but the main game is how strong you can hold your coin, because this game about investment.
and it will be different thing if you come to find a coin, take it, in a short time you sell for daily or your salary.

[carrigan]

Good thinking I totally agree with that. Even though Bitcoin has fallen for some time, it can be seen that in the future Bitcoin actually bears skyrocketing. Like the parable of being low to skyrocket like that Bitcoin. While assets usually they will be difficult to rise again. Bitcoin itself is like the king of crypto, as the first coin with a fantastic price and its popularity now in the community, allowing Bitcoin to continue to skyrocket and become the investment choice of many people in the future.

[Vaculin]

Good thinking I totally agree with that. Even though Bitcoin has fallen for some time, it can be seen that in the future Bitcoin actually bears skyrocketing. Like the parable of being low to skyrocket like that Bitcoin. While assets usually they will be difficult to rise again. Bitcoin itself is like the king of crypto, as the first coin with a fantastic price and its popularity now in the community, allowing Bitcoin to continue to skyrocket and become the investment choice of many people in the future.

Right. We all know that bitcoin won't stay in dips forever, it will always recover and definitely goes up again especially if there will be positive news that will push it to move its price up. Unfortunately, others assets once they dropped their value, it will be hard again to recover their price. But with bitcoin, having its price decline is not even a threat for it since it gives another opportunity to accumulate more bitcoin. And once the correction is done, bitcoin will now start to skyrocket again and is expected again to reach a new peak price.

[TelolettOm]

Right. We all know that bitcoin won't stay in dips forever, it will always recover and definitely goes up again especially if there will be positive news that will push it to move its price up. Unfortunately, others assets once they dropped their value, it will be hard again to recover their price. But with bitcoin, having its price decline is not even a threat for it since it gives another opportunity to accumulate more bitcoin. And once the correction is done, bitcoin will now start to skyrocket again and is expected again to reach a new peak price.

This is one of the reason why people prefer more to hold Bitcoin, moreover when the price dips or in the bearish era, Bitcoin is the most crypto that will be bought always, in order to prepare for the next bullish. There is a good cycle on Bitcoin that after bearish, there will be bullish era. And Bitcoin will never lie, will not be dead coin as altcoins that may be dead coins (not all altcoins but mostly).

[Vannie12]

 No one can be blamed when everybody panicked during that time. I was a starter, and for someone who earns and profits here by just relying solely on bitcoins, it was terrible. If I had that faith before, I could have something to be proud of today.
I definitely agree with op that bitcoin is way dependable to HODL. Today, we hear people say "bitcoin" rather than "cryptocurrencies" and I think with that, it will still have a long journey, a permanent one in the future.
If people do have other assets today, may be its for a faster way of accumulating more but in my opinion, bitcoins will always lead. No need to panic.

The majority only knows about "Bitcoin", not "Cryptocurrency", and only they know about investment, not a currency. So the reason why people are coming to crypto is simply that they wanted to invest and hold (and get panic), not to use this to buy stuff or whatever.

Well, that is pretty obvious how these newcomers will behave and think differently compared to old-timers but wanted to say that they have to change their mindset as well. It was their time also to understand the situation and keep their emotions under their control, otherwise, this will be a reason for their failure.

I felt the same way when I started crypto. They say go earn bitcoin, its profitable. I panicked sell also, that's why at some point I understand why people do such nonsense (that includes myself) 
I believe that it is a part of being a beginner though. Eventually, they will gain more knowledge about it, hopefully.

[Mahanton]

 No one can be blamed when everybody panicked during that time. I was a starter, and for someone who earns and profits here by just relying solely on bitcoins, it was terrible. If I had that faith before, I could have something to be proud of today.
I definitely agree with op that bitcoin is way dependable to HODL. Today, we hear people say "bitcoin" rather than "cryptocurrencies" and I think with that, it will still have a long journey, a permanent one in the future.
If people do have other assets today, may be its for a faster way of accumulating more but in my opinion, bitcoins will always lead. No need to panic.

The majority only knows about "Bitcoin", not "Cryptocurrency", and only they know about investment, not a currency. So the reason why people are coming to crypto is simply that they wanted to invest and hold (and get panic), not to use this to buy stuff or whatever.

Well, that is pretty obvious how these newcomers will behave and think differently compared to old-timers but wanted to say that they have to change their mindset as well. It was their time also to understand the situation and keep their emotions under their control, otherwise, this will be a reason for their failure.

I felt the same way when I started crypto. They say go earn bitcoin, its profitable. I panicked sell also, that's why at some point I understand why people do such nonsense (that includes myself) 
I believe that it is a part of being a beginner though. Eventually, they will gain more knowledge about it, hopefully.

We all starts on being a newbie which mistakes could really be that common and if you had trusted Bitcoin in the beginning on why you had invested on it then we wont really easily panic and could able to make steps according into your plans since you hadnt able to panic out and think off carefully.When making investment then
its a personal choice.Mistakes are inevitable but doesnt mean that you should tolerate it.

If you believe on Bitcoin that much then hold for long term but if not then you could opt out for another options you could take on.

[Vannie12]

We all starts on being a newbie which mistakes could really be that common and if you had trusted Bitcoin in the beginning on why you had invested on it then we wont really easily panic and could able to make steps according into your plans since you hadnt able to panic out and think off carefully.When making investment then
its a personal choice.Mistakes are inevitable but doesnt mean that you should tolerate it.

If you believe on Bitcoin that much then hold for long term but if not then you could opt out for another options you could take on.

For starters, especially a student back then, all I care was earning from this forum. I was not a total believer and that was my regret. Because I was here since 2017 and I lost my chance of the hype by not holding any of my hard earned and bought BTC. Apparently, learning more and seeing great improvements in worldwide acceptance what really triggered me to come back. I know its never late to have faith in something. And really I am very much excited for what crypto can do more in the future. Will not be a dumb panic seller anymore

[slaman29]

Tradinh long term has sense since we can look up what history says about it but unfortunately only whales can able to do this since they are the one who have flexible funds to use either the want it for long term and short term.

Again, I'm not talking about trading, why do all you guys comments keep talking about trading when I said the opposite lol. And trading long term isn't restricted to whales. If you see a dip, you buy it, and you always can think of long term 5% gains if you're doing leverage, but again, that's simply not sensible for guys who have a life like me.

Buy dip. Hold. Sell at ATH, keep what you can. Easiest life ever.

[aysg76]

Right. We all know that bitcoin won't stay in dips forever, it will always recover and definitely goes up again especially if there will be positive news that will push it to move its price up. Unfortunately, others assets once they dropped their value, it will be hard again to recover their price. But with bitcoin, having its price decline is not even a threat for it since it gives another opportunity to accumulate more bitcoin. And once the correction is done, bitcoin will now start to skyrocket again and is expected again to reach a new peak price.

You can't expect bitcoin to skyrocket so easily like we can't say when bull run will hit the market the prices will go upwards with huge momentum to $100k within short span of time but it will go there for sure and that's what is important in the end i mean to say.There could be some more dips after you assume it to be rising only so we need to take this thing in mind that it's best option for us and it's an asset which face volatility like any other but little high so we need not to be afraid of it and rather hold it for long term which will benefit us even more.

Just stay on the path and be patient so you can have profits on your investment and with global adoption and shortage in supply the price will automatically grow as 90% of supply has been minded and last 10% would take another century until 2140 for 21 million.So just enjoy your investment and try to accumulate as much you can for future safety.

[Levero]

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.

[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 security wise and profit if we take it as store of value then there's no other better option than bitcoin in the long run and this is just an kickstart to major adoption of bitcoin and we are still surviving below $50k at this time and some think this was end of it but to the contrary this was accumulation phase and exchanges witness less withdrawal as more people prefer to hold the visionary one's and they will get profits for this at the end.

If you know bitcoin then you won't fear it in exact manner.