Bitcoin the only option left

[avikz]

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.

I disagree! Bitcoin is certainly not the only option available. Their are multiple useful coins available in the market. Personally I am very bullish on ETH, BNB, XRM etc. These are good coins with multiple use cases.

Bitcoin is definitely the pioneer here and the biggest cryptocurrency available till date. I also agree that the rest of the coins usually follow the trend of bitcoin. But when you talk about the only option - nope! It's not the only option!

[coupable]

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.

I agree with you on the principle that these currencies also deserve attention and that they have broad prospects for development. On the other hand, I don't want to sound too pessimistic, but I don't really like the idea of ​​sanctifying Bitcoin and making it our only hope. I know that it will not collapse and that we currently need it to adjust the market, but we must not forget that it is negative to rely on Bitcoin as the only major component because the hypothesis of collapse is not impossible in an emerging market such as cryptocurrencies.

[Furious 7]

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?

Agree with what you said, due to the fact that there are still some decent alts, even though the current bearishness is very pronounced for altcoins, but there are some altcoins that are still quite worth it, especially for now.
But indeed, for alts, we also have to be careful because there are so many shitcoins and memecoins that always come almost every day, which makes you sometimes feel that they are quite good even though it is clearly a trap.

[slackovic]

Agree with what you said, due to the fact that there are still some decent alts, even though the current bearishness is very pronounced for altcoins, but there are some altcoins that are still quite worth it, especially for now.
But indeed, for alts, we also have to be careful because there are so many shitcoins and memecoins that always come almost every day, which makes you sometimes feel that they are quite good even though it is clearly a trap.

Don't look at the memecoins. Most of them will die in this bear market. Eth and other proveo altcoins will survive this bear market just like they survived the last bear market. And it's because they have utility. Memecoins don't have utility, they only have hype that will die fast in the bear market. I'm nit saying that all memecoons will die but 90% of them will. That's why I choose only Bitcoin and few bluechip altcoins to hold.

[TimeTeller]

Agree with what you said, due to the fact that there are still some decent alts, even though the current bearishness is very pronounced for altcoins, but there are some altcoins that are still quite worth it, especially for now.
But indeed, for alts, we also have to be careful because there are so many shitcoins and memecoins that always come almost every day, which makes you sometimes feel that they are quite good even though it is clearly a trap.

Don't look at the memecoins. Most of them will die in this bear market. Eth and other proveo altcoins will survive this bear market just like they survived the last bear market. And it's because they have utility. Memecoins don't have utility, they only have hype that will die fast in the bear market. I'm nit saying that all memecoons will die but 90% of them will. That's why I choose only Bitcoin and few bluechip altcoins to hold.

If you don't want to be ripped off in the alt market, don't go to meme coins or tokens.
Would be better if you keep your portfolio within the top alts like ETH or BNB.
With these projects, you are more confident that they have solid backing with known dev teams.
They won't be disappearing without warning to the public. But with meme coins, they can disappear without warning.

[Kelvinid]

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.

I agree with you on the principle that these currencies also deserve attention and that they have broad prospects for development. On the other hand, I don't want to sound too pessimistic, but I don't really like the idea of ​​sanctifying Bitcoin and making it our only hope. I know that it will not collapse and that we currently need it to adjust the market, but we must not forget that it is negative to rely on Bitcoin as the only major component because the hypothesis of collapse is not impossible in an emerging market such as cryptocurrencies.

Indeed, the best option in this bear situation but that was not the only option left. I support encouraging people to invest in Bitcoin alone but never do we have to reject and decline the potentiality of some altcoins like ETH and BNB as they are known as profitable and trusted altcoins as well. Yeah, we can't just be blind as sometimes investing in altcoins is more profiting than Bitcoin. And we also have to consider this "don't put all your eggs in one basket", we can be ripped off if that happens.

[blockman]

If you don't want to be ripped off in the alt market, don't go to meme coins or tokens.
Would be better if you keep your portfolio within the top alts like ETH or BNB.
With these projects, you are more confident that they have solid backing with known dev teams.

I agree. If you're for the alts, choose only a few of them that have been proven to be good but they'll never be better than bitcoin and that's a fact.

They won't be disappearing without warning to the public. But with meme coins, they can disappear without warning.

Meme coins and any other tokens that have been made during the mania of the NFT games. They've got their own tokens and only lived through the hyped. That's why if you don't have any option and you're thinking of choosing an altcoin, ask yourself first if you've got enough bitcoin on your possession.

[Furious 7]

Agree with what you said, due to the fact that there are still some decent alts, even though the current bearishness is very pronounced for altcoins, but there are some altcoins that are still quite worth it, especially for now.
But indeed, for alts, we also have to be careful because there are so many shitcoins and memecoins that always come almost every day, which makes you sometimes feel that they are quite good even though it is clearly a trap.

Don't look at the memecoins. Most of them will die in this bear market. Eth and other proveo altcoins will survive this bear market just like they survived the last bear market. And it's because they have utility. Memecoins don't have utility, they only have hype that will die fast in the bear market. I'm nit saying that all memecoons will die but 90% of them will. That's why I choose only Bitcoin and few bluechip altcoins to hold.

For experienced people maybe this is something for sure but the problem is that there are so many people who are always fooled by things like this just because of the big lure of the lure pump that makes them continue to do things like this without knowing this is a scheme they employ to attract potential victim.
I personally prefer to be on some of the alts that are at the top of Coinmarketcap's list unless they are memecoins and stable there but for others like ETH, BNB or projects that are new to Matic and Cardano I follow them.

[slackovic]

For experienced people maybe this is something for sure but the problem is that there are so many people who are always fooled by things like this just because of the big lure of the lure pump that makes them continue to do things like this without knowing this is a scheme they employ to attract potential victim.
I personally prefer to be on some of the alts that are at the top of Coinmarketcap's list unless they are memecoins and stable there but for others like ETH, BNB or projects that are new to Matic and Cardano I follow them.

If someone gets attracted or fooled by big APY or empty promises, it's their fault. No one in their right mind should believe that APY over 10% can be sustainable. It will work for some time but in the end it will crash and burn. If people would invest in projects with a working product (at least minimum viable product), all those hyped memecoins and shitcoins would never exist. But everyone knows someone who got rich in crypto and they want it too.

[Hispo]

altcoins may come and go but not for btc because as we know btc is the main coin of cryptocurrencies, and that is the main reason everyone owns major coins because if other coins fall investors there is still hope in the main coin

One must also keep in mind that Bitcoin was not created as a tool or scheme to make their creators a quick buck, there is a huge ideological and technological charge in Bitcoin. We could call Bitcoin the "main" cryptocurrency in the market because it's marketcap or because it was the first one, I personally believe it is because it is also the one people take more seriously as an investment.

[lionheart78]

...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?

Because these people get in to get rich quickly in their minds.  The desire for money and huge profit can vague one's rationality so these people who invested in shitcoins and other high-risk high reward cryptosystems are blinded by it.

For experienced people maybe this is something for sure but the problem is that there are so many people who are always fooled by things like this just because of the big lure of the lure pump that makes them continue to do things like this without knowing this is a scheme they employ to attract potential victim.
I personally prefer to be on some of the alts that are at the top of Coinmarketcap's list unless they are memecoins and stable there but for others like ETH, BNB or projects that are new to Matic and Cardano I follow them.

If someone gets attracted or fooled by big APY or empty promises, it's their fault. No one in their right mind should believe that APY over 10% can be sustainable. It will work for some time but in the end it will crash and burn. If people would invest in projects with a working product (at least minimum viable product), all those hyped memecoins and shitcoins would never exist. But everyone knows someone who got rich in crypto and they want it too.

Sadly people got crazily blind if they saw a 10000% APR stake offered.  They jump in as soon as their eyes set on it.  They will come to realize everything when they got busted because the project just gets rug pulled. 

One must also keep in mind that Bitcoin was not created as a tool or scheme to make their creators a quick buck, there is a huge ideological and technological charge in Bitcoin. We could call Bitcoin the "main" cryptocurrency in the market because it's marketcap or because it was the first one, I personally believe it is because it is also the one people take more seriously as an investment.

Bitcoin is already considered the Main cryptocurrency because of its dominance in the market, the most secure network in the crypto industry, and the most popular not saying it is the first decentralized cryptocurrency.

[Hispo]

...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?

Because these people get in to get rich quickly in their minds.  The desire for money and huge profit can vague one's rationality so these people who invested in shitcoins and other high-risk high reward cryptosystems are blinded by it.

Having webpages like Coinmarketcap and Coingecko showing useless coins pumping over 100000% in one day it does not help much, some people may feel tempted and try to find the next "moonshot", timing their entry and exit, before the rug pull.

As if it was not difficult enough to time traditional and legit markets, imagine timing a literal scam.

Bitcoin is already considered the Main cryptocurrency because of its dominance in the market, the most secure network in the crypto industry, and the most popular not saying it is the first decentralized cryptocurrency.

In your opinion what makes Bitcoin the most secure Blockchain?
The hashrate and the distribution of it? Or there is something else you keep in consideration?

[romero121]

altcoins may come and go but not for btc because as we know btc is the main coin of cryptocurrencies, and that is the main reason everyone owns major coins because if other coins fall investors there is still hope in the main coin

One must also keep in mind that Bitcoin was not created as a tool or scheme to make their creators a quick buck, there is a huge ideological and technological charge in Bitcoin. We could call Bitcoin the "main" cryptocurrency in the market because it's marketcap or because it was the first one, I personally believe it is because it is also the one people take more seriously as an investment.

Beyond all this, it is the success of blockchain technology. Even before bitcoin there were some research and experiment on innovating new technology. Nothing made big transformation, it is the bitcoin blockchain that made big financial revolution. Then onwards the progress started with giveaway to a valuable asset with multiple usage. Right now we've got more than 20k listed on CMC, but it is the one that stands above all in all market trends.

[Hispo]

altcoins may come and go but not for btc because as we know btc is the main coin of cryptocurrencies, and that is the main reason everyone owns major coins because if other coins fall investors there is still hope in the main coin

One must also keep in mind that Bitcoin was not created as a tool or scheme to make their creators a quick buck, there is a huge ideological and technological charge in Bitcoin. We could call Bitcoin the "main" cryptocurrency in the market because it's marketcap or because it was the first one, I personally believe it is because it is also the one people take more seriously as an investment.

Beyond all this, it is the success of blockchain technology. Even before bitcoin there were some research and experiment on innovating new technology. Nothing made big transformation, it is the bitcoin blockchain that made big financial revolution. Then onwards the progress started with giveaway to a valuable asset with multiple usage. Right now we've got more than 20k listed on CMC, but it is the one that stands above all in all market trends.

Your reply got me thinking.
Sometimes I wonder what are the criteria for CMC to list coins.
I get they would want to provide awareness about many projects as possible and not only focusing on already settled chains, however somehow they end up listing literal scams they tend to warn about later.

Perhaps coin listing is rather a business ?

[2stout]

I wouldn't quite say it's the only option (Maximalist speak) but it is by far the best option and has the track record to prove it.  I'm sure there are many who regret some shitcoin chasings.

[slackovic]

Sadly people got crazily blind if they saw a 10000% APR stake offered.  They jump in as soon as their eyes set on it.  They will come to realize everything when they got busted because the project just gets rug pulled. 

And I don't feel sorry for the people that were warned about a scam project and they still invest in it.  I always try to talk people out of investing in projects with too big APY, but many of them just ignore me. That's why I choose to ignore them when they start crying how they lost their money. People like that will learn their lesson only when they lose their money.

[Text]

Your reply got me thinking.
Sometimes I wonder what are the criteria for CMC to list coins.
I get they would want to provide awareness about many projects as possible and not only focusing on already settled chains, however somehow they end up listing literal scams they tend to warn about later.

Perhaps coin listing is rather a business ?

If you want to know about their listing criteria, here it is: https://support.coinmarketcap.com/hc/en-us/articles/360043659351-Listings-Criteria

We can also submit requests for delisting of scam crypto-asset projects, misconduct complaints, etc.

We cannot deny that we have once been interested in using other networks, chains, and other platforms which are useful until now. We just think that Bitcoin can’t be outdone and we prefer that it’s always uplifting that we can’t let go or put aside.

[Furious 7]

For experienced people maybe this is something for sure but the problem is that there are so many people who are always fooled by things like this just because of the big lure of the lure pump that makes them continue to do things like this without knowing this is a scheme they employ to attract potential victim.
I personally prefer to be on some of the alts that are at the top of Coinmarketcap's list unless they are memecoins and stable there but for others like ETH, BNB or projects that are new to Matic and Cardano I follow them.

If someone gets attracted or fooled by big APY or empty promises, it's their fault. No one in their right mind should believe that APY over 10% can be sustainable. It will work for some time but in the end it will crash and burn. If people would invest in projects with a working product (at least minimum viable product), all those hyped memecoins and shitcoins would never exist. But everyone knows someone who got rich in crypto and they want it too.

But the fact is that almost everyone has done this and it is quite natural because indeed everyone can be greedy and make mistakes.
For the first time it is reasonable but sometimes there are some people who are so greedy with things like this and this is what makes some people sometimes say that Crypto is a Scam, Even though he himself cannot run Crypto well.

[kamvreto]

For experienced people maybe this is something for sure but the problem is that there are so many people who are always fooled by things like this just because of the big lure of the lure pump that makes them continue to do things like this without knowing this is a scheme they employ to attract potential victim.
I personally prefer to be on some of the alts that are at the top of Coinmarketcap's list unless they are memecoins and stable there but for others like ETH, BNB or projects that are new to Matic and Cardano I follow them.

If someone gets attracted or fooled by big APY or empty promises, it's their fault. No one in their right mind should believe that APY over 10% can be sustainable. It will work for some time but in the end it will crash and burn. If people would invest in projects with a working product (at least minimum viable product), all those hyped memecoins and shitcoins would never exist. But everyone knows someone who got rich in crypto and they want it too.

But the fact is that almost everyone has done this and it is quite natural because indeed everyone can be greedy and make mistakes.
For the first time it is reasonable but sometimes there are some people who are so greedy with things like this and this is what makes some people sometimes say that Crypto is a Scam, Even though he himself cannot run Crypto well.

Saying it's a crypto scam because they have already lost a lot, they are too greedy and just want to make big profits. The fact is that this is the case, those who get wealth from memecoin or shitcoin are those who dare to take risks for that one opportunity and then throw it away. We must really know how cryptocurrencies work and be aware of the risks that could occur. Bitcoin is indeed the best, but if you can't understand it then everything will be a Scam.

[virasisog]

For experienced people maybe this is something for sure but the problem is that there are so many people who are always fooled by things like this just because of the big lure of the lure pump that makes them continue to do things like this without knowing this is a scheme they employ to attract potential victim.
I personally prefer to be on some of the alts that are at the top of Coinmarketcap's list unless they are memecoins and stable there but for others like ETH, BNB or projects that are new to Matic and Cardano I follow them.

If someone gets attracted or fooled by big APY or empty promises, it's their fault. No one in their right mind should believe that APY over 10% can be sustainable. It will work for some time but in the end it will crash and burn. If people would invest in projects with a working product (at least minimum viable product), all those hyped memecoins and shitcoins would never exist. But everyone knows someone who got rich in crypto and they want it too.

But the fact is that almost everyone has done this and it is quite natural because indeed everyone can be greedy and make mistakes.
For the first time it is reasonable but sometimes there are some people who are so greedy with things like this and this is what makes some people sometimes say that Crypto is a Scam, Even though he himself cannot run Crypto well.

Saying it's a crypto scam because they have already lost a lot, they are too greedy and just want to make big profits. The fact is that this is the case, those who get wealth from memecoin or shitcoin are those who dare to take risks for that one opportunity and then throw it away. We must really know how cryptocurrencies work and are aware of the risks that could occur. Bitcoin is indeed the best, but if you can't understand it then everything will be a Scam.

Not everyone could be lucky in the cryptocurrency industry especially if you're risking with altcoins. Some of them could turn into shitcoins, others could be profitable and others might crash and won't recover, in short, there's no definite assurance of profit in some altcoins. If you seek security and assurance, Bitcoin is established enough to fulfill that. It has proven a lot for years and has achieved different milestones of adaptation. People who say crypto is a scam are those who haven't been successful in it and had a hard time dealing with cryptocurrency's volatility.