Bitcoin the only option left

[TheNineClub]

Haven't looked at and experienced the cryptocurrency industry for a long time, with all the hacks and crashes that have happened to other cryptocurrencies, Bitcoin has proven to be the only option left for crypto users who are looking forward to both security for both network and investment.

This is highly dependent on what people's preferences are, and what their goals are, so to think that everyone is here to get a secure return on their investment is just not true. The first rule of any investment is never to put all your eggs in one basket. That means diversification of your portfolio. And there are numerous options out there for different types of investing and different goals and needs.

[1715581866]

1715581866

[mk4]

How do we know the next top crypto best to invest in? From the picture, i see BTC, ETH and other stablecoin still remain top to invest throughout this past several years. Maybe your right, investing in them because they are in top this year cannot guarantee that they will still be the next best to invest in.

"Maybe your right"

It's really not even controversial. Even outside the cryptocurrency space like with stocks, you don't know for sure which top companies might under-perform and get replaced by other companies.

[Hispo]

-snip-

People can buy useless tokens and dog coins and still sleep comfortably. It's either they only allocated a very small amount of money (hence they can comfortably lose that money), or they're simply delusionally confident.

From a personal point of view: I could not.
I would need to psycholically prepare myself to wake up one morning and see all my investment gone in order to catch some sleep, otherwise I'd spend up till 3 am while watching YT videos.

For some ignorance can be bliss when comes to sh*tcoins, at least, before de rugpull.

Have these people sacrificed their sweet sleep hours in favor of embracing greed or is it a case of credulity?

It's mostly the latter combined with gambling tendencies of them.
Imagine you are a newcomer who sees bitcoin that is worth tens of thousands of dollars, then someone introduces you to something else that looks like bitcoin but is worth less than a cent. Then they tell you that this new thing is "better" than bitcoin and is going to "surpass" it or at the very least rise the same way bitcoin did only because it's price is so low.
Almost everyone presented with such a lie, accepts it. Partly because they want to believe that they are not "late".

To be honest, something similar happened to me when I was fairly new in the crypto world. I tried to put some dollars in the "next Bitcoin" within the top-20 altcoins, I considered Bitcoin to be too slow and expensive (back then I did not know how to calculate fees by myself). Thankfully later I realized that a few satoshis are more valuable than one billion sh*tcoins, economically and ideologically.   

[abel1337]

...but bitcoin is the right pick if you just want to leave it there and be able to sleep comfortably at night.

And yet, there are hundreds (or even thousands) of people that prefer not to buy a single satoshi and purchase and hold literal useless tokens with food names, dog names, memes and names of billionaries.

Have these people sacrificed their sweet sleep hours in favor of embracing greed or is it a case of credulity?

Most of those guys who literally buy useless coins are just here in the space for profits. I remembered the time when Elon Dog coins where so hype that most of my friends who are new to crypto bought dog coins and persuading me hard to buy and join them, I told them what can happen soon but they still insist it. The conclusion is they lose money from all the hype. I literally told them to just buy bitcoin and sadly no one believe me. Bitcoin is hella reliable in terms of security and given the gap of market cap of btc to other alts whether it's bull or bear market, It's obvious on where should we put our money on.

[KingsDen]

Haven't looked at and experienced the cryptocurrency industry for a long time, with all the hacks and crashes that have happened to other cryptocurrencies, Bitcoin has proven to be the only option left for crypto users who are looking forward to both security for both network and investment.

There are many options and there will ever be as long crypto space exists. It's all about people's preferences, and there will never be a time when everyone will all join the bitcoin bandwagon and abandon the altcoins.
So many people are not looking out for security or longevity. They are interested in x5, x10 etc.

However, no doubt btc has proven that it is reliable, dependable and consistent. Anyone who cares about security and long-term investment has a perfect opportunity in bitcoin.

[darkv0rt3x]

Unfortunately today we have aroun 20000 shitcoins. All of them, in one way or another, trying to do the same shit as our current fiat system or miserably trying to mimic Bitcoin. In this case, some may argue that competition is good to keep Bitcoin improving and keeping up with the tech advances and etc. In this case, I think it wouldn't even be needed because Bitcoin simply doesn't care about what other coins try to do. Bitcoin has its own pace, its own needs and if all fiat invested in other coins was in Bitcoin, maybe the volatility was now like smaller by a 10 fold or something like that. Maybe we woul have now more adoption instead of being wasting resources, monetary and human (skills, etc) in scammy projects, centralized, sketchy, shady etc. Then, when people get rekt, the fault is of "crypto" which most people includes Bitcoin in! It's a shame. We need more education, definitely.

[darewaller]

How do we know the next top crypto best to invest in? From the picture, i see BTC, ETH and other stablecoin still remain top to invest throughout this past several years. Maybe your right, investing in them because they are in top this year cannot guarantee that they will still be the next best to invest in.

"Maybe your right"

It's really not even controversial. Even outside the cryptocurrency space like with stocks, you don't know for sure which top companies might under-perform and get replaced by other companies.

This is right. I mean we have seen plenty of huge tech companies get to the top first, but then we have started to see something out of nowhere that took over the world, which is tesla.

I mean that's a "car company" to be fair, even though they are not really just a car company, they are actually a tech company too because they are literally working towards cars driving itself, and every single real driver is helping them map the whole world, that is an insane thing but it allows them to get better at self driving cars too, and maybe one day they will make trucks that will ship things all over the world by driving itself, hence why logistics will no longer be a problem, put up some solar panels on the trucks body and you got yourself a great truck that could charge itself and go on a very long road.

It's unreal, but nobody saw that coming did it? We were looking at google, apple, usual regular old boring tech companies that did known and understandable stuff, they are not gone, they are still at the top but we can see how something that is revolutionary can come up and takeover, same could happen in crypto as well.

[batang_bitcoin]

It's true that it's the best option but to say that it's the only option left, I think it's debatable. Although I don't want to argue with any of them as I'm a bullish person on bitcoin and had some few alts on hold. But with all of my hopes are already on bet for bitcoin and I just did some fun diversification with some altcoins. No need to argue about its security as it's truly secured while some PoW altcoins are transitioning into being a PoS, bitcoin remains at best for being PoW.

[usekevin]

Only bitcoin was survived after many hacking after the 1000 dollars price of the bitcoin.Many people lost huge amount of bitcoin in the beginning of 2017.At that people was come to know the real impacts of the bitcoin price over other stock in the investment stock markets.Some of the altcoin was deemed to be the scam one after the few years.Actually we can’t blame direct as scam.It may the reason for the withstanding power of the core investors.

[darkangel11]

Don't forget also that aside from Bitcoin, I do believe that these crypto currencies are worth to hold and look forward to based on their market capitalization, or total value of all of the coins in current circulation, which is still best to invest for me this current bear market.

1. Bitcoin (BTC)
    Market cap: $406.71 billion

Cannot agree more.

2. Ethereum (ETH)
    Market cap: $148 billion

Switching to PoS to satisfy environmentalists. Worth having though.

3. Tether (USDT)
    Market cap: $66 billion

Stable coins are shit. Luna showed how useless they are. Why hold something that has dubious backing and follows USD? Just hold USD! At least USD can't go to 0 in 1 week.

4. U.S. Dollar Coin (USDC)
    Market cap: $55 billion

Same as number 3

5. Binance Coin (BNB)
    Market cap: $39 billion

Basically a binance stock. If you trust CZ that much, buy it. I don't trust the guy and I won't invest in his company.

6. XRP (XRP)
    Market cap: $17 billion

A centralized scam with huge premine that used to promise huge adoption coming in 2013 and 2014 and there's still no adoption and what did Ripple did? They changed CEO from Larsen to Garlinghouse and proceeded like everything was fine.
You buy XRP, you pay wages to the board of directors that do nothing for you.

7. Cardano (ADA)
    Market cap: $17 billion

Created because Hoskinson had a beef with Buterin and thought he can make a better coin. Ultimately both ETH and ADA depend on Bitcoin's success. They are both good but why would you buy something that can fail on its own and also fail if bitcoin fails? Just buy bitcoin!

8. Binance USD (BUSD)
    Market cap: $17 billion

Same as 3 and 4

9. Solana (SOL)
    Market cap: $13 billion

A unique coin, but it's the same as with ETH and ADA. It depends on Bitcoin and can really go to 0, like Luna and many other coins did. With Bitcoin you're also taking a risk but if you buy bitcoin today you won't wake up next week with your investment worth -80%, but it can happen with Solana, Dogecoin, BNB and especially with coins like SHIB.

10. Dogecoin (DOGE)
      Market cap: $9 billion

A meme coin, do I have to say more?
Where would DOGE be now without Musk pumping it? What if he changes his mind like he did with bitcoin? Want to put your money on the line and bet on what someone's choices?

[Mr.sprin]

I'm thinking whether I should choose more than one coin for investment or I only need one coin for me to invest for example I only need ethereum coins I don't want any other coins to invest after I think I conclude I only choose one coin i.e I choose coin bnb for my investment, I target to keep it for the next 1 or 2 years.

[bitzizzix]

Of course only bitcoin, from the beginning of its creation until now it is still bitcoin because bitcoin is the first crypto currency in the history of human civilization on this earth, and bitcoin was created to overcome the shortcomings experienced by fiat currency which is always experiencing inflation. Therefore, the creation of bitcoins is limited to only 21 million.
and although many people own multiple coins or other altcoins, most of them still prioritize bitcoin as core, or at least own a few bitcoins, and for other reasons because bitcoin is also a very trusted and safe investment compared to altcoins that come and go and scams too . And it is undeniable that most ordinary people know and see news that crypto or digital money is only bitcoin.

[Smack That Ace]

I'm thinking whether I should choose more than one coin for investment or I only need one coin for me to invest for example I only need ethereum coins I don't want any other coins to invest after I think I conclude I only choose one coin i.e I choose coin bnb for my investment, I target to keep it for the next 1 or 2 years.

Maybe, the decision is up to you. Bitcoin is really the best option but not the only one, you can split your eggs into multiple baskets as long as it suits you.

The market has gone through 13 years of ups and downs, lots of altcoins come and go, but only bitcoin has stood the test of time. As a crypto investor, you should not ignore bitcoin but you can also add some other options, everyone's vision is not the same. As long as you've done your research, you should be confident with your choice.

[noorman0]

People get too carried away with the centralized display of stock exchange charts where when they see a long (red or green) candlestick color, their greed peaks and ignores that more than half of it is not a market scenario. The founders of altcoins are still in touch with these exchanges, and it's hard to say that they are completely clean of the dirty scheme of making as much profit as possible.

[Botnake]

If you think about investing in an altcoin you have to ask yourself what does this coin really offer that bitcoin does not offer. For all the altcoins that I have seen so far this is nothing. Many of them claim to be the better payment solution, but since the adoption in online and offline shops is zero this is all a big lie and will never become reality.

People can also invest in altcoins but have to consider that many altcoins cannot be one investment that can give us a profit.
Maybe altcoins can be one of our investments but we must be wise to know when to buy and sell those coins.
It is hoped that doing so can provide good benefits for us, which can help us collect more bitcoins or stable coins.
Altcoins can't be used as a better payment solution because of the fluctuating factor and so is bitcoin.

Altcoins is also a good alternative aside from bitcoin which also why it was named altcoins after all, but it can be a very challenging task to get that correct coin/s to invest as these coins are more volatile than the bitcoin itself. That said, we still should have our own research before investing in these coins, other than that, I recommend the leading altcoins last year.

[Trapezium]

Depending on the time period of the investments and the financial goals one should decide whether to invest in bitcoins or altcoins. Bitcoin is a good investment for long term investment whereas, altcoins are good short-term investments.

[Osteoid]

We all knew this was coming. Time and again bitcoin has proved its worth to be the best crypto coin both in providing secure blockchain networking, secure investments, as well as a permissible growth. There are definitely some altcoins like tether and ethereum which have potential to rise, but certainly no one can take the place of BTC.

[tom_856]

btc was clearly the first one and brought so many innovations but for real his future is only speculative since now tons of projects are way more interesting and turned on innovation and future than btc. But as it's the mother of cryptos, i think it will keep his place for a long time

[slackovic]

I understand that this is the Bitcoin discussion section of the forum, but I wouldn't write off some of the top (or as people call them bluechip) altcoins. To me personally, Bitcoin is the number 1, but there are also few altcoins that proved themself as useful. You can't say that Ethereum is a shitcoin just because of expensive transactions. It works and has been working for several years without a problem. Do you recall that Ethereum blockchain was shut down at any point?

[Doan9269]

Haven't looked at and experienced the cryptocurrency industry for a long time, with all the hacks and crashes that have happened to other cryptocurrencies, Bitcoin has proven to be the only option left for crypto users who are looking forward to both security for both network and investment.

Bitcoin has proven the best available options left as you've said but not that we should also take the security of our asset with levity, it's investment is far better than other cryptocurrencies, but the rate at which the attacks and scam is going is very discouraging and that creates fears on some users, bitcoin has a good network in place that is built with the blockchain technology whereby everyone uses effectively.