Bitcoin is not profitable anymore, Altcoins like Avalanche / Algorand etc. are

[Bitstar_coin]

As Bitcoin dominance declines, other cryptocurrency projects will grow stronger. Currently, people only own Bitcoin with the idea of ​​a guaranteed investment. If trust in other projects increases, Bitcoin won't be the first coin forever. Time can bring us many surprises  

There is a possibility that can happen but not anytime soon, institutions, organizations, businesses etc only recognize btc as the main cryptocurrency to deal with, even if btc dominance declines it is not enough for alts to ascend that throne, like you said, the trust in alts is still very low, compare to the trust btc have. even government trust btc enough to make it legal tender.
for alts to rise to the occasion they need to work hard, earn peoples trust by going the extra length to make their project stand out, make the project more transparent and provide strong real usage for sustainable growth.

[1714860204]

1714860204

[gurunanakji777]

I don't agree with you on Bitcoin. Bitcoin still has huge potential to grow in the future. Bitcoin is not stopped as yet. Bitcoin is the most trustable cryptocurrency and a new person who enters in the crypto market trust bitcoin not other coins. The other coin you mentioned is also good but there is no comparison with BTC potential. I feel you are underestimating the BTC potential you need to analyze again.

[ItsCrafty]

MAYBE SOME COINS LIKE AVAX, LUNA GIVE YOU MORE PROFIT THAN BITCOIN FOR A SHORT TIME BUT IT'S NOT THE END OF BITCOIN. IF BITCOIN IS DOWN 2X YOU WILL SEE ALL THESE COINS YOU ARE TALKING ABOUT WILL DOWN YOU MORE THAN 10. ALL COINS OTHER THAN BITCOIN AND ETH CAN DOWN TO ZERO BUT THESE TWO ARE BEST AT ALL TIMES.

[Master of Shitcoins]

strange that your username is Master of Shitcoins, from what I see you really like... well I better stop here

Well, we should not have a look at what your name is LOL

• Bitcoin has already made most profits when Bitcoin was new 10 years ago. Yearly profits for Bitcoin are going down every year. Right now, it can't make much profits anymore because Bitcoin is already very big. Even a x2 for Bitcoin would be huge. For comparison: Bitcoin made x100,000 already. Bitcoin is at his life's end from a profit’s perspective. Maybe it can still make a x5 in a decade but compared to Bitcoin’s x100,000 already, it’s a tiny profit.

Do you want to have 100X profits? In what normal investment can one expect 100X profit? It is necessary to note that the bitcoin market has grown a lot, and this has made it a safe investment, getting returns of `5% to 300% or even 500% holding for years is still possible with bitcoin and they are realistic and realistic returns. more reliable than putting money into some altcoin just because you want to make 100X profit but taking a high risk of losing all your money is simply insane and inadvisable to do. so i can say with certainty that bitcoin is still the best and safest investment in relation to altcoins

I want to have as much profits as possible and Bitcoin is not providing sufficient upside potential. Above, I explained, why.
Bitcoin is a solid investment but it's not profitable because Bitcoin is already at such an high price.

• More new coins, just released recently can make a much bigger gain from a price perspective because market capitalization is much lower. Good examples are Avalanche and Algorand, which could still do a x100, while Bitcoin only does a x2

every day meaningless projects are created, with no practical use, projects that are copy/paste of someone else and scam projects

Ofcourse, you should not buy shit projects.

• Bitcoin doesn’t offer new technologies like DeFi and NFT. It was a big reason why DeFi and NFT coins like Ethereum and Avalanche made big gains and will continue to make huge gains because new technologies are supported by coins like Ethereum and Avalanche. Bitcoin doesn’t support new technologies like DeFi and NFT. It will be a big issue because it’s very important to support new technologies and if not, your coin will be dropped and replaced by better technology. It’s always how tech improves.

this DeFi and NFT that you talk so much about, I particularly only see advertising like ICOs, in practice I don't even see their advantage

It's not only about DeFi and NFT, it's about providing an advanced tech. Nobody knows what will come next. And Bitcoin is ill prepared because it's old code.

• Bitcoin wastes a lot of electricity because more modern coins are more efficient.

even to print money it is necessary to spend electricity, so it all depends on the point of view

So, what?
If we can improve efficiency, we should do it and it's easy because ecological coins already exist.

• Bitcoin is overbought because everyone knows it while new coins are still very unknown and will get known more over time. Avalanche was only released in 2020 and Algorand was also only released in 2020. Only few people know yet about Algorand and Avalanche.

bitcoin still has great potential to increase a lot

If Bitcoin has potential to increase, Altcoin have even more potential to increase. Bitcoin is at a very high price already, what makes more gains from here very limited. It could do an x2 and we are at 80k, marketcap 1,500 MRD. But Avalanche could an x10 and it's at 700$, marketcap 200 MRD (!). Huge upside potential for AVA.

Conclusion: new tech (Avalanche, Algorand) is king and will replace old tech (Bitcoin) because better tech always wins.

Are you sure?
Have you ever thought that the bullrun wouldn't start before bitcoin went up. so if you believe bitcoin is not profitable then the whole market is not profitable anymore. Coins that you think are very good and have great potential because they are newly released will not develop because the market is no longer profitable.

Yes, I'm sure.
Because if Bitcoin will went up, Altcoins like Avalanche will go up much more. Much more upside potential for AVA.

So basically your thinking about bitcoin's golden age is over is wrong.

No, it's not wrong, you provided zero evidence. Bitcoin has only very little x gainz from here.

I can not believe we are calling NFT coins superior to Bitcoin.  We are literally buying willy JPEG's hoping for a profit.  NFT's are WAY more overbought than Bitcoin ever was.  It is just a trend that is already fading away.

I did not recommend "NFT coins". What are "NFT coins"? "NFT coins" don't exist! It's no a coin's responsibility if it's used for a NFT.
So you say when Bitcoin is used for a scam, it is a "scam coin"?  
Of course not, it's not how it works.

You are calling Bitcoin overbought.  Everyone else was too, when one Bitcoin was only worth $1,000.  Yet here we are. 4100% profit and still going.  Only last year alone we had over 1000%.  It is overbought because..?  Do you really think it can not grow much more than $60,000?

Yes, it's overbought because it can't make much more gains from here. How much can Bitcoin still do? x5 or x10? x10 would be Gold marketcap, insane.
Altcoins still have much more upside potential because marketcap is much lower.

[Daodex]

Your point thus follow your name 'master of shitcoins' isn't it? Who told you that Bitcoin is not profitable anymore? I bought at 39,000$ and sold at 47k and 45k twice, see, BTC is for the big boys, you want to make a reasonable gain with your 10$ or 50$? Then surely you need to look elsewhere, altcoins will easily triple your 50$ into 150$ for you but will be hard with BTC because of its value. Altcoins have higher returns than BTC but BTC is still way profitable.

[Inspiron14]

I know the feelings of people who are left behind because they are late buying Bitcoin when the price is still at $ 1000 maybe?
or when in 2019 it was at $6000, we know that Bitcoin has experienced a high bull and reached a new all-time high price of more than $60,000,
which is extraordinary, and indeed I myself also think that the current price is very high, but when it comes to technology ,
then Bitcoin can still be a valuable investment, yes of course it is very risky, so don't be too selfish to invest here

[Psynthax]

You may true about bitcoin already had a very big price at this moment and the chance to make ROI will be even less than before. You're also true about shilling another altcoins like avax or algo but blaming bitcoin caused by that was the worst idea so far.Bitcoin was even worth only a few dollars and it's even less compared with the price of avalanche and algo at the ico price. So, bitcoin was making so many people become millionaires and there's nothing wrong with it. In my opinion if you must also see the reality.
Shilling was good without blaming superior coin like btc

[Blowon]

Conclusion: new tech (Avalanche, Algorand) is king and will replace old tech (Bitcoin) because better tech always wins.

technology is not completely a reference to cryptocurrency hype or trend. We are community centered here, if the community is happy then hype will be created for a coin. If the coin even though the technology is good but its centralized nature makes the binder make everyone not free in finance, all of them will leave this coin. Yes, I know altcoins like Solana, algorand and others are a new generation that will replace bitcoin, but not with its position, for more than 5 years bitcoin has remained at number one because it has an unforgettable history.

[onecall123]

Conclusion: new tech (Avalanche, Algorand) is king and will replace old tech (Bitcoin) because better tech always wins.

technology is not completely a reference to cryptocurrency hype or trend. We are community centered here, if the community is happy then hype will be created for a coin. If the coin even though the technology is good but its centralized nature makes the binder make everyone not free in finance, all of them will leave this coin. Yes, I know altcoins like Solana, algorand and others are a new generation that will replace bitcoin, but not with its position, for more than 5 years bitcoin has remained at number one because it has an unforgettable history.

Usually, the crypto community invests in the crypto that has great technology but is dirt cheap. The goal of almost every major project is to make a profit. With new technology, we are able to make more money and gain more benefits. Certainly, new technologies are attractive to the community, but Bitcoin technology and its standard are far superior to all other alternative coins. That is our belief and an unquestionable truth. We are witnessing the beginning of new technologies, many don't realize it yet, but it might be possible.

[RealMalatesta]

Usually, the crypto community invests in the crypto that has great technology but is dirt cheap. The goal of almost every major project is to make a profit. With new technology, we are able to make more money and gain more benefits. Certainly, new technologies are attractive to the community, but Bitcoin technology and its standard are far superior to all other alternative coins. That is our belief and an unquestionable truth. We are witnessing the beginning of new technologies, many don't realize it yet, but it might be possible.

The goal of new project to make a profit is a bit of a problem though. I mean I can see that there are too many projects which have creators who ask for money so that they would keep on working on it. Did Satoshi asked for money to build bitcoin? I mean these should not be really a problem for people to handle, it is not our job to pay them to build something. Build it with your own money, have some yourself, if you are good then it will worth something and you could sell it if you want to, or keep it.

But, to ask us to pay them to build a project is the biggest problem. All those new technologies are paid by us basically, we are the R/D funding they need, which makes no sense to me.

[lombok]

You may true about bitcoin already had a very big price at this moment and the chance to make ROI will be even less than before.

In the short term I agree. But for the long term the ROI provided by BTC is quite large.

I don't agree with what the OP said about BTC's view. I don't think BTC can be compared to other altcoins that are clearly different. BTC still has great potential to continue to grow and improvise to be even better and multiply its value. Both LONG TERM and SHORT TERM, BTC is able to provide a sense of security and a dominant profit consistency. From any point of view BTC wins in worldwide acceptance.

[Kasabus]

Are you shilling? Sounds pretty much like laid shilling to me, because really would you actually think Bitcoin as not to be profitable only mention the above names(I won't give them publicity) of coins as profitable.

Get this correctly, just because a coin is super cheap and the other is expensive doesn't make the cheaper on more profitable, investment is futuristic, be it a day ahead or years ahead, so you should always choose the project with the biggest future potentials, and right now no coin reaches Bitcoin.

I don't think you can compare bitcoin to some short term profitable coins. You should always remember that most of the newly launched projects today have been created from the the image of bitcoin. So definitely, bitcoin is still their bases after all. But sad to say, what we have at the moment are just short term profitability. Most of them won't last, unlike bitcoin that its here for good and its profits will always be intended for long term profit making.

[Finestream]

How come bitcoin is not profitable anymore? While its so volatile which you can adopt and earn with it many people do short trades on it then yet they are gaining good numbers of profits. If you are greedy trader then you will not really get what you wanted on bitcoin because bitcoin is not always a pump stable coin.

But always remember this OP if bitcoin price drops all of tokens especially those what you mention will also dump to.

Bitcoin does not just dominates the market but it also influences the rest of the crypto prices. So everything still relies in bitcoin. I guess this is already known to everyone, except for those who insist that their coins are better than bitcoin. But you know what OP, you can only prove that your altcoins are more profitable than bitcoin if they can give you profits consistently, and if they won't lose their value in the near future. Because as what is mostly seen and proven, bitcoin is the ony coin which appreciates its value throughout the years.

[adzino]

Not profitable anymore? Then why is it still at the top? You can literally make profit with any coin. Looks more like you are trying to shill for coins that you have invested in.
Look at the price of the coins you have mentioned. They crash a lot when bitcoin drops a little.
Sure, those coins offer more use cases than bitcoin, but that doesn't mean that they will replace bitcoin. Maybe one day, but not now. Btw, ethereum is much more better than those two.

[Master of Shitcoins]

Not profitable anymore? Then why is it still at the top?

Being on top does not mean it will generate more profit.
It can stagnate = no profit
Or it can even decline = LOSS

Being on top is really a way, where it can easily go also backwards.

You can literally make profit with any coin.

Of course not, bro.
Bad coins will fail.
Overbought coins will provide little to no profit or even LOSS.

You need to do a better research, bro

[WalkerIVIV]

You can literally make profit with any coin.

Of course not, bro.
Bad coins will fail.
Overbought coins will provide little to no profit or even LOSS.

yeah but once bitcoin fall and whole of market was also falling. Bitcoin gave less roi caused by it has increased a lot. People must pick the small cap tokens to be able tog et huge ROI for them. I meant you must also aware with the fact that if these days market is so difficult even to survive. The bearish market has been eating everything. If you wanna get huge profit and just go to the low cap token.

[Shasha80]

You can literally make profit with any coin.

Of course not, bro.
Bad coins will fail.
Overbought coins will provide little to no profit or even LOSS.

yeah but once bitcoin fall and whole of market was also falling. Bitcoin gave less roi caused by it has increased a lot. People must pick the small cap tokens to be able tog et huge ROI for them. I meant you must also aware with the fact that if these days market is so difficult even to survive. The bearish market has been eating everything. If you wanna get huge profit and just go to the low cap token.

Bear markets do make all coins experience a decline, but that doesn't mean we have to panic and sell the coins we have at low prices.
But we should be more patient holding the coins we have, as long as we invest in potential coins, we should probably make quite a profit.
But usually the increase in potential coins is not always high, so like you said if we want to make a big profit, we must dare to take high risks
by investing in low cap coins. The problem is that most of the low cap coins often end up as scams. I say that, because I had a bad experience
when investing in low cap coins. Indeed, if we are lucky, the profit that can be made is very large from investing in low cap coins. The greater
the profit generated, then the risk is also very big. So in the end it's up to each of us to decide, for me to keep investing safely is the most
important thing. Therefore I prefer investing in Bitcoin, because Bitcoin is so far a profitable and safe.

[DanWalker]

Conclusion: new tech (Avalanche, Algorand) is king and will replace old tech (Bitcoin) because better tech always wins.

They are new technology improved from old technologies like bitcoin but the thing to say is that they will replace bitcoin.

If you go back to the years 2013-2107 you will see a lot of cryptocurrencies coming out with new technology and they claim that they are superior to bitcoin and will replace bitcoin. 10 years have passed and bitcoin is still there and where are those new technologies. do you know? altcoins will always be altcoins, don't be too delusional it will cause you pain.

[Master of Shitcoins]

Conclusion: new tech (Avalanche, Algorand) is king and will replace old tech (Bitcoin) because better tech always wins.

If you go back to the years 2013-2107 you will see a lot of cryptocurrencies coming out with new technology and they claim that they are superior to bitcoin and will replace bitcoin. 10 years have passed and bitcoin is still there and where are those new technologies. do you know? altcoins will always be altcoins, don't be too delusional it will cause you pain.

We are now at a stage, where Altcoin technoogy is really professional, like Ethereum was, like it was invented. But most Altcoins will need to age a little bit to gain more trust like Bitcoin.
Because it's only about trust because from a technology side, Altcoins have already better tech compared to Bitcoin.
Bitcoin's best advantage is only Bitcoin's history and of course Bitcoin's limited supply of 21 000 000 Bitcoins.

But Altcoins will learn from it and will overtake Bitcoin at some time.

[KennyR]

Conclusion: new tech (Avalanche, Algorand) is king and will replace old tech (Bitcoin) because better tech always wins.

They are new technology improved from old technologies like bitcoin but the thing to say is that they will replace bitcoin.

If you go back to the years 2013-2107 you will see a lot of cryptocurrencies coming out with new technology and they claim that they are superior to bitcoin and will replace bitcoin. 10 years have passed and bitcoin is still there and where are those new technologies. do you know? altcoins will always be altcoins, don't be too delusional it will cause you pain.

Ten years is far behind, just during the previous bull market more ICO projects reach the market. The objective itself will make everyone mesmerized. Everything will be compared with bitcoin and they're super good against bitcoin, but goes unlisted on any of the Exchanges even after years.

It is true that altcoins give better profit than bitcoin. This won't happen with every altcoin. Another thing same as that you trust on bitcoin, you can't be sure of the altcoins. Just think of the recent crash with Luna, Which made more people end up their lives.