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

[Ultegra134]

Why not altcoins?

Many people think that since bitcoin is so expensive, they are better off buying and investing in altcoins. It may seem to be a profitable decision in the short term but in long term, they should have an investment in the bitcoin.

For me, 99% of the altcoins are developed by the greedy investors to earn the money.

That's not the case, I wouldn't blame someone for investing in Litecoin or Ethereum, both are reputable and legit coins. It's not about being expensive, you could still buy a fraction of BTC, 0.10 for instance, is a decent amount nowadays.

On the other hand, dips don't scare me, nor cause any kind of panic. I'm holding for quite a long time now, while I'm also staking in the meantime, I'm looking for long-term opportunities.

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[Fatunad]

Why not altcoins?

Many people think that since bitcoin is so expensive, they are better off buying and investing in altcoins. It may seem to be a profitable decision in the short term but in long term, they should have an investment in the bitcoin.

For me, 99% of the altcoins are developed by the greedy investors to earn the money.

That's not the case, I wouldn't blame someone for investing in Litecoin or Ethereum, both are reputable and legit coins. It's not about being expensive, you could still buy a fraction of BTC, 0.10 for instance, is a decent amount nowadays.

On the other hand, dips don't scare me, nor cause any kind of panic. I'm holding for quite a long time now, while I'm also staking in the meantime, I'm looking for long-term opportunities.

Depends on someone on how they do see on altcoin investment.Some do likes to play safe and some do really loves to play with fire thats why we do really take some risk
and people do trust up that much with Bitcoin investment thats why they do accumulate it aside from altcoins.

For those who are just new into this investment then they would easily freak and panic out but for those who do able to experience  will really not bother much
since they do know its potential.

Preference and risk taking is all we need.

[leverageguy]

It’s just that I don’t believe in any of the assets as much as I do in bitcoin. I have seen bitcoin depreciate a few months ago but it bounced back again. Over and over again, it has shown that nothing can stop it from achieving new heights and those who believe in it will never see a downside.

[aysg76]

I sold 25% of my stash (I HODLED since 2014) between $53,8xx & $65,000. I’m now retired & prepared for up or down, whatever. I panicked a lot & actually sold nothing during the last cycle. I couldn’t let that happen this time.
Up or down, I don’t care now. If we go up, I still have 75% & will sell more. If we go down heavily, I will buy.

You need to be prepared for all situations.

Thank you bitcoin, you made my life & have given me opportunities I never would have had.

That's absolutely fine because you are holding them from a long time which might have yeilded a very good profits to you so even you sold them now you are in profits.But the fact is you still holds 75% of your stash in bitcoin and wants to hold it for long time ignoring the price volatility during the stay of your hold but my point of convention is with those who are new to the market and sold in Panic as if it will not go upwards and convert it to fiat or some other altcoins so are they going to give some returns to them at all? No but still they do such silly mistakes and regret later on which is worse.Your case is entirely different from the regular panic sellers as they sell at loss also going for inflationary measures which can't help them in long run.

Many people think that since bitcoin is so expensive, they are better off buying and investing in altcoins. It may seem to be a profitable decision in the short term but in long term, they should have an investment in the bitcoin.

For me, 99% of the altcoins are developed by the greedy investors to earn the money.

The short term profit for these altcoins is just illusion for the market to trap some innocent newbies into pump and dump scheme and later on many turn scam or other just lying dead in your wallets.If you can get profits out of them well and good but not sell them and hold btc patiently.For me it's best hedge against inflation but for others i can't say as priorities differ a lot.

For those who claiming it to be expensive has in mind that stacking sats is not at all possible.They see 400-500% growth in altcoins and invest in them without any other research and when it dump they loose their funds.Bitcoin is expensive at this time but who tells to have full bitcoin as i am DCA investor and goes for $50-$100 weekly investment and all is good for me.The market cap is big and price is high so the returns will not be too high but if you hold them for some long time you will feel satisfied and have enough profits with you.

Inflation winds can tear your life apart so get as much btc you can to watch it from the above without any worries

[Ararbermas]

At the first place if we truly believes what bitcoin can do perhaps we are now very rich because of it.. Lol but unfortunately we have some doubts that time wherein the price isn't really high. and because as well of some fake news around the internet especially when it comes predictions and etc that bitcoin will not last, we really missed all the opportunities.  now probably we can say that bitcoin is totally legit because of the position right now in the market.  No doubts.. Lol

[Finestream]

At the first place if we truly believes what bitcoin can do perhaps we are now very rich because of it.. Lol but unfortunately we have some doubts that time wherein the price isn't really high. and because as well of some fake news around the internet especially when it comes predictions and etc that bitcoin will not last, we really missed all the opportunities.  now probably we can say that bitcoin is totally legit because of the position right now in the market.  No doubts.. Lol

Well, it takes some missed opportunities first before you realize that bitcoin is legit and is here to stay. I understand because that's what most of anti bitcoin do before they change their minds and start believing in bitcoin. And the fact that you have faith in bitcoin, that no matter how low the price will go whenever price correction or bearish season hits the market, you will never resort into panic selling because you believed that bitcoin will always come up with new heights after every price fall happens. And this is the reason why i prefer to stay focused in bitcoin no matter what because i know it has high potentials to be more valuable in the future.

[PeRo]

All points made in your post are true and valid. But I think you should always be alert while investing in any asset. Even tough Bitcoin actually only went up in history doesn't mean it wont devaluate sometime in the future. Dips are there, like in any assets value and they are normal and no one should be scared but a devaluation should be a matter of concern since you can't really know what is going to happen to the market. But that's just in a very longer run, for now and the close future the market will surely be stable.

[molsewid]

At the first place if we truly believes what bitcoin can do perhaps we are now very rich because of it.. Lol but unfortunately we have some doubts that time wherein the price isn't really high. and because as well of some fake news around the internet especially when it comes predictions and etc that bitcoin will not last, we really missed all the opportunities.  now probably we can say that bitcoin is totally legit because of the position right now in the market.  No doubts.. Lol

Those who stayed and believe the existence of bitcoin way back at the time it was new was the one who is truly rich now. I remember the time I heard and know about bitcoin it already has a value of about $25-28, I didn't miss the chance but I didn't hold it for a long term and sold it before the market crashed the year 2018. I may say that there's missed opportunity because I may now be a millionaire if I had held it but I have no regrets also because I have used the earned profit that time to the important family matters.

[Vannie12]

At the first place if we truly believes what bitcoin can do perhaps we are now very rich because of it.. Lol but unfortunately we have some doubts that time wherein the price isn't really high. and because as well of some fake news around the internet especially when it comes predictions and etc that bitcoin will not last, we really missed all the opportunities.   now probably we can say that bitcoin is totally legit because of the position right now in the market.  No doubts.. Lol

Those who stayed and believe the existence of bitcoin way back at the time it was new was the one who is truly rich now. I remember the time I heard and know about bitcoin it already has a value of about $25-28, I didn't miss the chance but I didn't hold it for a long term and sold it before the market crashed the year 2018. I may say that there's missed opportunity because I may now be a millionaire if I had held it but I have no regrets also because I have used the earned profit that time to the important family matters.

Same here. I've been there. 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.

[Mpamaegbu]

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From your hypothetical instance of a $1000 investment in various assets spanning a decade, gold seemed to have been the one with the least ROI. Those who compare Bitcoin with gold should, at least, learn from that and know the edge Bitcoin has on gold. However, I noticed that you put Bitcoin price at ATH in 2017 at $20,000. I can't be sure that Bitcoin got to that price in 2017. I think it did less than that.

Again, we should also recognize that there are certain investors who don't like investing in Bitcoin no matter how you try to persuade them on that. I've one as a friend. What that invariably means is that the way you think Bitcoin is a safe Haven isn't the same way others do. Bitcoin, even though I've come to classify it as a phoenix; a cat with nine lives, has dipped many investors into debt just the same way alts have done too. There are people who bought at Bitcoin's ATH of 2021 and now that it has dipped over $10k in loss, they may not recover from that till 2022. Dips won't panic anyone if they don't have every of their penny into Bitcoin or any alt. That's why people are advised to invest only cash they won't miss in any project or crypto.

[Natalim]

 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.

[OgNasty]

Do you guys have any other options?

Owning businesses with pricing power is probably the only good option.  Treasuries are a promised loss due to inflation.  Gold hasn't moved in a decade.  The overall stock market will likely benefit from inflation, but if the consumer is squeezed we could see another 2007 style crash and even though home and stock prices should be rising, if everyone is spending all their money on food that just won't happen.  I suspect this will be the end result at some point.  Until then, 'dance while the music is playing' as they say.  Just make sure not to be the last one out the exits...  I'd love to push real estate right now, but prices being 50% higher than the peak of the housing boom and people leaving their jobs during a period of high inflation has me thinking that the rental market isn't where I'd want my money parked.

[Ziskinberg]

We know more about Bitcoin because of its impressive market growth that certainly attracts people to invest but, we can never stop them as well to think bad and even get panic once the market falls like this time.
It was to know that Bitcoin becomes a unique project in the market that can never be compared to others, not only because of its gaining potential but most of all, we trusted this more than any coins exists in crypto and that gives a reason why the majority stick to Bitcoin than altcoins.

[DoublerHunter]

We know more about Bitcoin because of its impressive market growth that certainly attracts people to invest but, we can never stop them as well to think bad and even get panic once the market falls like this time.
It was to know that Bitcoin becomes a unique project in the market that can never be compared to others, not only because of its gaining potential but most of all, we trusted this more than any coins exists in crypto and that gives a reason why the majority stick to Bitcoin than altcoins.

^ It is well said because we know already and understand that BTC will give us the potential of having profit while keeping this in a long term.
Those people who have panicked during the market downturn and most likely are new on this market. If we draw a conclusion on the chart about the previous price, there is no bull market, the market is probably up and down but it will always end up of climbing the price which is we have already reached the ATH this year twice. That is the reason why I prefer to invest in BTC than others because nothing can be compared to a good investment.

[Shasha80]

We know more about Bitcoin because of its impressive market growth that certainly attracts people to invest but, we can never stop them as well to think bad and even get panic once the market falls like this time.
It was to know that Bitcoin becomes a unique project in the market that can never be compared to others, not only because of its gaining potential but most of all, we trusted this more than any coins exists in crypto and that gives a reason why the majority stick to Bitcoin than altcoins.

^ It is well said because we know already and understand that BTC will give us the potential of having profit while keeping this in a long term.
Those people who have panicked during the market downturn and most likely are new on this market. If we draw a conclusion on the chart about the previous price, there is no bull market, the market is probably up and down but it will always end up of climbing the price which is we have already reached the ATH this year twice. That is the reason why I prefer to invest in BTC than others because nothing can be compared to a good investment.

Everything you say makes sense, only a newbie doubts the future of Bitcoin. That's why newbies often panic and end up doing a cut loss once
the Bitcoin price falls. But for investors who have been in the crypto world for a long time, seeing Bitcoin price drop they see it as an opportunity
to buy Bitcoin again. Because Bitcoin will always go up higher if the price goes down, therefore many institutions are boldly investing long-term
in Bitcoin. That's because they have learned in advance about Bitcoin price movements, so don't hesitate to invest in Bitcoin in the long term.
Bitcoin is indeed the safest asset for investment, so it's no wonder Bitcoin should be the first choice if we want to invest.

[chanler]

as we know bitcoin can be expected to invest because of its good price. although the price of bitcoin goes up and down but investing in bitcoin is a very profitable investment. if we look at people who have bought bitcoin in the past, now we can see that they have made a profit from it. The ups and downs of the crypto market make many people afraid to invest in bitcoin or other cryptos even though it is commonplace and we don't need to panic when facing it, stay calm and do your best.

[aysg76]

From your hypothetical instance of a $1000 investment in various assets spanning a decade, gold seemed to have been the one with the least ROI. Those who compare Bitcoin with gold should, at least, learn from that and know the edge Bitcoin has on gold. However, I noticed that you put Bitcoin price at ATH in 2017 at $20,000. I can't be sure that Bitcoin got to that price in 2017. I think it did less than that.

This example was actually presented by Ratimov on which we have discussion about the same on that topic .The least ROI is actually which is less than all others if we compare but in reality this is not the case with gold because it has not given any returns to the user and on contrary basis the negative return is not less but diminishing returns if we also take the inflation rate according to that period of time.

The price of bitcoin was around $19783 back in 2017 to the extent I remember on 17^th jumping a little bit from two days period of $19500-$19600 so it is approximately $20k which i mentioned and you would find lot of articles claiming it to be ATH just as an example for many as we have seen.So the main point was see how it has grown if we compare bitcoin investment with all other financial assets in the economy to give the holder's profit over long time.

Owning businesses with pricing power is probably the only good option.  Treasuries are a promised loss due to inflation.  Gold hasn't moved in a decade.  The overall stock market will likely benefit from inflation, but if the consumer is squeezed we could see another 2007 style crash and even though home and stock prices should be rising, if everyone is spending all their money on food that just won't happen.  I suspect this will be the end result at some point.  Until then, 'dance while the music is playing' as they say.  Just make sure not to be the last one out the exits...  I'd love to push real estate right now, but prices being 50% higher than the peak of the housing boom and people leaving their jobs during a period of high inflation has me thinking that the rental market isn't where I'd want my money parked.

Yes owning some kind of business under your control is other best option as you make profits and utilise them but if we are seeing investments then i don't find any more options apart from bitcoin as you have also seen gold is now not a safe heaven anymore and you will not get any returns even if you hold it for some more years.Real estate was good option as you could have good returns over short period of time but you need some huge investment in that sector and it was profitable for me also.

But the things changed with this pandemic as real estate market hit hard due to people saving rather than spending on buying building and houses and the market didn't show any huge positive growth sign this year but still it's good compared with the gold.

The managed real estate market continued to grow in 2020 to $10.5 trillion, despite a year of unprecedented challenges. It currently stands at 1.6 times the 2010 size

But at last bitcoin seems feasible to me due to many factors and inflation guard is one of them.

[krishnaverma]

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.

[jaberwock]

Before I came across Bitcoin, I wasn’t an investor. I was just leaving the normal life and had a job that I was doing without minding anything that has to do with investment or trading online. Although my dad used to be a forex trader, and part of his experience involved loss of money. I knew that,so those experience made me not to really have interest in investments and trading at all, because I knew the risk that are involved are much.

That is the same reason why a lot of us here also prefer bitcoin more than any other assets. For like three years now I have treated bitcoin like a normal bank account, I put money into it and I also use it to receive money, and then I would leave the money there like I would do a normal bank account; there is always funds in my cryptocurrency wallet and I am always benefiting from it.

I was only scared of leaving money in bitcoin when I was still new, but when I realized how good it is and how it works, I stopped being afraid of holding money in it, because I know that after going it would still go back up. What I would do is just to avoid spending from that wallet at the moment the market is down.

[Ebede]

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.

Which altcoin is that, know altcoins is better than bitcoin because all the altcoins is under influence of bitcoin, bitcoin is the origin of cryptocurrency, the coin can be use to compare with bitcoin in terms of feature cryptocurrency is ethereum but not really that the two is in competition.