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Author Topic: The most reliable coin to invest in is Bitcoin.  (Read 1135 times)
Hsibalimrn (OP)
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February 16, 2022, 04:36:32 PM
 #1

Hello.

I have been investing in Bitcoin as well as other coins for a long time. Some of these coins have disappointed me. After reviewing investments so far, I have found that investing in Bitcoin is the smartest thing. Although the price of Bitcoin has dropped a lot, this coin does not disappoint me because I have full confidence in this coin. I think and believe that the price of this currency will not decrease for a long time, it will one day exceed its maximum value. Which happened towards the end of 2021.
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February 16, 2022, 04:53:32 PM
 #2

I think and believe that the price of this currency will not decrease for a long time, it will one day exceed its maximum value.

Well, we literally just hit 2022's all-time lows of around $35k literally just a month ago; and right now we're just around 20% higher. Not sure how you think that the price will not decrease lol.

As for altcoins — yea, most people tend to underestimate how hard it is to pick(and time) alts that outperform. Most people are just better off buying BTC.

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Hsibalimrn (OP)
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February 16, 2022, 05:02:26 PM
 #3

I think and believe that the price of this currency will not decrease for a long time, it will one day exceed its maximum value.

Well, we literally just hit 2022's all-time lows of around $35k literally just a month ago; and right now we're just around 20% higher. Not sure how you think that the price will not decrease lol.

As for altcoins — yea, most people tend to underestimate how hard it is to pick(and time) alts that outperform. Most people are just better off buying BTC.

It is the most invested currency in cryptocurrency. And although the price of this coin has decreased many times before, in a few days the price has reached the desired level again. So it can be said that the price of this coin will reach the desired price again.
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February 16, 2022, 05:29:54 PM
 #4

Op have mentioned about his investments other than bitcoin some have disappointed him. If I'm not wrong he has invested on some of the memecoins looking for short term benefits. Most of the altcoins are following the pattern of bitcoin, and I've a thinking people can consider investing into altcoins same as bitcoin.

I don't think ethereum, Solana, polkadot, BNB will get vanished. They also have set a good record, but the profiting varies. With bitcoin the profiting seems high and gained the trust and higher acceptance level. Don't conclude on the market, because the move can be on any direction.

Hsibalimrn (OP)
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February 16, 2022, 05:35:11 PM
 #5

Op have mentioned about his investments other than bitcoin some have disappointed him. If I'm not wrong he has invested on some of the memecoins looking for short term benefits. Most of the altcoins are following the pattern of bitcoin, and I've a thinking people can consider investing into altcoins same as bitcoin.

I don't think ethereum, Solana, polkadot, BNB will get vanished. They also have set a good record, but the profiting varies. With bitcoin the profiting seems high and gained the trust and higher acceptance level. Don't conclude on the market, because the move can be on any direction.
I agree with you on ethereum, Solana, polkadot, BNB.
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February 16, 2022, 05:41:06 PM
 #6

You shouldn't look at past experiences to predict the future. Because that's how we ended up with altcoin market in the first place - people read stories about pumps and lambos and start chasing x1000 alts only to end up losing all their money.

Look at the fundamentals - Bitcoin is getting institutional adoption, not altcoins. Bitcoin operates for 13 years without critical bugs, network breach incidents and other problems that became normalized for altcoins. Bitcoin has proven itself, while alts are being created every day, only to disappear in a few years. Some of the alts that were top 10 some years ago are not forgotten. The same will happen with many of the current top 10.
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February 16, 2022, 05:47:48 PM
 #7

Although the price of Bitcoin has dropped a lot, this coin does not disappoint me because I have full confidence in this coin.

It's a matter of perspective. For someone who bought it in 2020, it hasn't really decreased at all. One person will look at the all time high and that we went 50% down from it and say that it's down a lot. Someone else will look 2 years back and see that at that time people were hoping to see us beat the 2018 ATH by any number. We were in a bear market for years eying 20k as a crucial level to break once again and now we're sitting at 2x that price. This is in fact a very good price for Bitcoin to hold and we could stay at 40-50k level for another year or 2.
If you feel down by that 50% drop, you have to realize that more than half of Bitcoins is illiquid and people who bought them did it at prices much lower than 40k. If I were to sell now, I'd still be 600 - 800% in profit.

Bitcoin is doing great, even if it drops down to 25k it's still going to remain one of the best performing assets in the world.

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February 16, 2022, 05:48:02 PM
 #8

Most reliable is a title that Bitcoin has likely earned.  Considering it's market cap is so much larger than everything else, it stands to reason that it would be the most stable and reliable.  This is also why so much institutional money has flooded into Bitcoin.  Sure, Ethereum has more mechanics in place and as many have stated is likely to outperform Bitcoin from here, but it's also much more risky.  Additionally, coins like MATIC and SAND have vastly outperformed Bitcoin over the last year, so you can't say Bitcoin is the "best" investment out there using real returns, and it certainly doesn't provide the best earning opportunities (MATIC/SAND staking in the Sandbox currently pays 60% interest).  Reliable though, Bitcoin has that locked for now.

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February 16, 2022, 05:55:29 PM
 #9

Most importantly and don't even think about investing in Shitcoin. So far your decision is pretty good and trust everything long term in Bitcoin. While it is undeniable that altcoins are listed on CMC, they cannot be underestimated if you invest in the long term. Only one if you play on memecoin then anything can be lost in no time. Especially when the market all shows prices are going down, nothing can be avoided.

Keep hold of Bitcoin and keep taking when it's discounted.

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February 16, 2022, 06:02:39 PM
 #10

Hello.

I have been investing in Bitcoin as well as other coins for a long time. Some of these coins have disappointed me. After reviewing investments so far, I have found that investing in Bitcoin is the smartest thing. Although the price of Bitcoin has dropped a lot, this coin does not disappoint me because I have full confidence in this coin. I think and believe that the price of this currency will not decrease for a long time, it will one day exceed its maximum value. Which happened towards the end of 2021.
If you get lucky, you might get higher returns on an altcoin than on Bitcoin, given how much Bitcoin has already grown and for how long it's been around. However, it's also very likely that you'd lose more on this because altcoins bleed harder during the bear runs, and some never come back to their former glory. Bitcoin, I believe, is the safest investment among cryptocurrencies. It means that the returns might not be that high (up to 3x, I think, but not more than that in the near future), but it also means that you won't lose much money short-term, and that if you wait long enough, you probably won't lose any money.

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February 16, 2022, 06:08:46 PM
 #11

There are just those people that are taking advantage of some altcoins for short-term gains. I went full with Bitcoin after I sold my Ethereum back around 2018-2019, as I do not want to touch the altcoins side as much as I can for now after I gain a lot of losses when I first day traded some other coins in the top 10.
And yeah, as some mentioned in here, don't even bother with shitcoins or even meme coins.
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February 16, 2022, 06:30:06 PM
 #12

Some people are better off investing in alts, too, and they are the ones who leverage from bitcoin going so far down and snagging some coins that perform on that same time period. If you're not the type of guy that analyzes everything in order to get quick gains, investing in bitcoin and keeping them as is for a long time is the way to go, as what others here have done so far. It's lazy and straight to the point, but it works.

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February 16, 2022, 06:36:56 PM
 #13

Hello.

I have been investing in Bitcoin as well as other coins for a long time. Some of these coins have disappointed me. After reviewing investments so far, I have found that investing in Bitcoin is the smartest thing. Although the price of Bitcoin has dropped a lot, this coin does not disappoint me because I have full confidence in this coin. I think and believe that the price of this currency will not decrease for a long time, it will one day exceed its maximum value. Which happened towards the end of 2021.

You're not wrong, bitcoin is and always will be King Daddy in the cryptocurrency world. Everything else is a shitcoin, I see nothing to suggest I’m wrong with that statement. Seriously if you want hard money, digital property with an impregnable, indestructible network running it then bitcoin is for you. Opt out of the fiat ponzi scheme & put your net worth into bitcoin.

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February 16, 2022, 06:48:39 PM
 #14

'reliable' is actually the correct word to use regarding bitcoin if you want to compare it to other cryptocurrencies, however, we cannot expect anything other than this because bitcoin got much more market cap compared to other coins, and having this bigger market will make it more stable with less sharp price movement which makes it suitable for investing even or people who do not want to take too much risk, however even if you compare the bitcoin price to the other markets such as real estate you will see more sharp movements in bitcoin market but still the rule is to take the risk to earn the reward.

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February 16, 2022, 06:49:15 PM
 #15

Although the price of Bitcoin has dropped a lot, this coin does not disappoint me because I have full confidence in this coin. I think and believe that the price of this currency will not decrease for a long time, it will one day exceed its maximum value. Which happened towards the end of 2021.
Probably most investors think like you, and thanks to this fact, a strong support community has been built along the years which keep bitcoin price on the price range we see right now, with the possibility of rising to new ATH levels yet when the market becomes highly optimistic. That is the power of confidence bitcoin was able to create among its enthusiasts. So far there hasn't been any disappointments strong enough to break this chain of trust.

The future of bitcoin is bright because of investors like you.

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February 16, 2022, 07:05:27 PM
 #16

Hello.

I have been investing in Bitcoin as well as other coins for a long time. Some of these coins have disappointed me. After reviewing investments so far, I have found that investing in Bitcoin is the smartest thing. Although the price of Bitcoin has dropped a lot, this coin does not disappoint me because I have full confidence in this coin. I think and believe that the price of this currency will not decrease for a long time, it will one day exceed its maximum value. Which happened towards the end of 2021.
we call it ATH, not the maximum price because that maximum means it can't/maybe not go up again...

if someone says altcoins are better than bitcoin then that person must check his mental health. I still remember the vitalik comment about Bitcoin, he said the bitcoin fee was very expensive but in fact, the ethereum fee was very unreasonable. investing money in bitcoin for a better future is a very wise thing.

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February 16, 2022, 08:00:18 PM
 #17

It is the most invested currency in cryptocurrency. And although the price of this coin has decreased many times before, in a few days the price has reached the desired level again. So it can be said that the price of this coin will reach the desired price again.
Bitcoin has definitely spent more than a few days after dropping to rise back in the past, with prolonged bear markets lasting more than a year. So, if you plan to buy simply because the price of bitcoin rebounds after dips, then you definitely have to do more research as to the benefits of holding and using bitcoins to avoid panic selling if the price drops for an extended period of time.

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February 16, 2022, 08:07:53 PM
 #18

Hello.

I have been investing in Bitcoin as well as other coins for a long time. Some of these coins have disappointed me. After reviewing investments so far, I have found that investing in Bitcoin is the smartest thing. Although the price of Bitcoin has dropped a lot, this coin does not disappoint me because I have full confidence in this coin. I think and believe that the price of this currency will not decrease for a long time, it will one day exceed its maximum value. Which happened towards the end of 2021.
If you do adequate research about cryptocurrency investment before you hop into the market, you ought to have known that Bitcoin is always the safe-haven investment in the crypto market though we have some potential altcoins which worth the chase but they mostly follow the trend of the Bitcoin market.
It's good you understand that Bitcoin is the smartest thing when it is not late so we can do the needful correction.

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February 16, 2022, 08:12:04 PM
 #19

Quote
Hello.

I have been investing in Bitcoin as well as other coins for a long time. Some of these coins have disappointed me. After reviewing investments so far, I have found that investing in Bitcoin is the smartest thing. Although the price of Bitcoin has dropped a lot, this coin does not disappoint me because I have full confidence in this coin. I think and believe that the price of this currency will not decrease for a long time, it will one day exceed its maximum value. Which happened towards the end of 2021.

Bitcoin still remain the king among other cryptocurrencies and it will continue to be the best among other digital currency in the community. Those that thought bitcoin is not good for long term investment that made them to change to another coins last year came to discovered that bitcoin is still more better than other coins in terms of long term investment and profit making. Many people will use this opportunity to buy more of bitcoin since the price has dropped to $42k which will really help people to make a good profit in the future. Those that bought huge amount of bitcoin few days ago will not miss this great opportunity that is about to happen to bitcoin price in the exchange market.

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February 16, 2022, 09:21:19 PM
 #20

I would say, it depends on individual especially if they already have a knowledge about this crypto market then some will choose a certain altcoins to invest and make a profit from it. Then reinvest it back to Bitcoin and try to trade or HODL depending on what price target they want.

So, the bottom line is Bitcoin is always be the final choice and altcoins will be a temporary investment to make some money. But as time goes by, price of Bitcoin is always increasing thus, it's hard to own a single Bitcoin if you plan to buy some, so it's better to wait till it drops or wait the bear trend.

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