Why Bitcoin will always remain the best choice

[Falconer]

The bitcoin price increasing 10% in the last 24 hours is a good thing, of course. I didn't expect a strong bounce like this actually after the previous day the price corrected, but this is a bitcoin market where fluctuations can occur at any time. This can also be the reason why bitcoin is always the best choice in every investor's portfolio, it is clear that the risk will be worth the payoff. However, not everyone has the courage to act during a correction, they tend to sit back and wait for the price to fall deeper.

There is no doubt about bitcoin, we have defined it as the best among the best assets. Gold and other physical assets are also good, but bitcoin is something completely different.

[1715406501]

1715406501

[1715406501]

1715406501

[1715406501]

1715406501

[DrBeer]

Bitcoin has always been the first choice because they think Bitcoin is the safest asset, with the largest marketcap and the number of users is most natural if people always make Bitcoin in hold, although the transaction volume is decreasing but Bitcoin will always be the main choice.

Tell this to people and companies who bought bitcoin in the range of 40,000-60,000 dollars for bitcoin, they will definitely support your idea No offense - as a speculative tool, and even in the hands of speculators with influence on the market - bitcoin is an indescribably profitable tool. But for most of the others....

[kawetsriyanto]

Bitcoin will always be the first choice because it is the most popular cryptocurrencies compared to others, ~

Mate, it is clear that Bitcoin is the king of crypto coins and it will remain the first option for crypto investment. But the diagram doesn't compare Bitcoin and other crypto coins, it compares Bitcoin with Gold and Fiats. Do you realize it? 

Please check again what OP explained on the first page, it is about the difference between Bitcoin, Gold, and Fiats.

~ the number of large companies and countries that legalize bitcoin is a strong indication that whatever happens to cryptocurrencies it is very dependent on bitcoin.

It is true. There are more and more countries that legalize Bitcoin. It is surely a good sign for the future of Bitcoin/crypto investment.

Well, crypto market will always depend on Bitcoin because it is the main crypto asset. When many countries ban it, it will give a big impact on the big decline in the prices of the whole crypto coins. While if many countries legalize it, it will trigger the prices of most crypto coins to rise signifincantly. Bitcoin will always have a big role.

[adzino]

The diagram below gives a short and precise distinctive difference between BTC, Gold and Fiat.

-snip-

Gold is divisible too. But like you said, there are physical limits, and it is the same with bitcoin and fiat currency. Bitcoin has the lowest unit, a sat, but you can literally do nothing with that 1 sat. You won't even be able to send it to anyone since the fee is going to be more. The same goes for gold. You can divide it into minuscule pieces, but no one is going to have any use of it.

And yeah, bitcoin is censorship resistant, but most of the people use centralized wallets or exchanges to make transactions. Bitcoin can still be censored if the government wishes to ban any kind of bitcoin transactions. In that case, even if you are doing p2p transactions, you are breaking the law. As long as you don't interact with any fiat currency, you will be fine, but that is almost impossible.

-snip-
with the above explanation it is clear why btc is better and the best choice over the rest. If you are still in doubt it is too bad because you are clearly missing out.

Yes, it is better, but not the best choice over the rest. There are still some drawbacks that soon will be solved.

[Yamifoud]

Based on the chart, it looks like Bitcoin has everything aside from history. But I believe people give value to Bitcoin not because of those things, it was because people see this as a profitable investment compared to Gold. Do those things really matter to the investors? Maybe some but for the majority, it only takes for granted. And despite the risk in crypto, many had chosen this knowing that earning a profit isn't impossible and they can possibly make money every day like if you are a trader. It serves as an investment and a currency as well - that seems to be the advantage of Bitcoin.

[Oceat]

Based on the chart, it looks like Bitcoin has everything aside from history. But I believe people give value to Bitcoin not because of those things, it was because people see this as a profitable investment compared to Gold. Do those things really matter to the investors? Maybe some but for the majority, it only takes for granted. And despite the risk in crypto, many had chosen this knowing that earning a profit isn't impossible and they can possibly make money every day like if you are a trader. It serves as an investment and a currency as well - that seems to be the advantage of Bitcoin.

If people only study and learn how Bitcoin works or what is Bitcoin then it's not a problem at all it's just that they seemed like they are lazy to understand or study Bitcoin and proceed to choose the fiat system. There's a lot they can benefit by using Bitcoin if they just know what are they and it's easy to use, you can send your money from all around the world without the interference of a third-party.

Besides of what I've said, they can also invest since Bitcoin can be an asset too just like what you said. What more people should be asking? They could trade using Bitcoin just like the stock market. I think people really hasn't thought about it that they are in great advantage when they choose Bitcoin.

[AicecreaME]

Bitcoin is a good investment because of its volatility, and it's proving its worth since it was released in the cryptocurrency market. Honestly, gold and Bitcoin are good to posses, however, gold is a little bit eye catcher, especially to thieves, so you can't sleep at night if you don't have any good storage and security at your house.

I love Bitcoin in all of the cryptocurrencies that are existing here in the blockchain world because it's accessible anytime and it's not hard to keep.

[Yamifoud]

Based on the chart, it looks like Bitcoin has everything aside from history. But I believe people give value to Bitcoin not because of those things, it was because people see this as a profitable investment compared to Gold. Do those things really matter to the investors? Maybe some but for the majority, it only takes for granted. And despite the risk in crypto, many had chosen this knowing that earning a profit isn't impossible and they can possibly make money every day like if you are a trader. It serves as an investment and a currency as well - that seems to be the advantage of Bitcoin.

people want to have money - that is the only thing on their head - and bitcoin is the best option - no doubt
But there is hard work associated to it - which people are not ready to make.
Money is all they want at any cost. sometime it is the cost of mental peace of other person

Too bad to say that because of thinking MONEY, they'll turn greedy and it becomes a reason for their losses. It was important for us to widen our understanding of crypto and not just only think about earning a profit but also to discover its real function and which was a form of currency. It was indeed we see how beneficial it was over gold and it was very clear to us the huge difference which makes people choose Bitcoin.

[n0ne]

There will be different reasons with different users. For me it is the one that got into the market and served as the base for the rest of the altcoins available for usage. Maybe more advancement have taken place with other altcoins, but to stay strong against all other cryptocurrencies and the fiat system is not a simple thing. For this reason my choice falls with bitcoin as the best of all time.

[blockman]

There will be different reasons with different users. For me it is the one that got into the market and served as the base for the rest of the altcoins available for usage. Maybe more advancement have taken place with other altcoins, but to stay strong against all other cryptocurrencies and the fiat system is not a simple thing. For this reason my choice falls with bitcoin as the best of all time.

It is the firstborn of cryptocurrencies and that's why it does makes sense that it's got the supreme. Although for some facts, there will be those people that might say that it's the not first one because there's the ecash by David Chaum. Well, enough with that but sure it's the base now for the entire market and that's what makes it the best choice. While many of these altcoins will be gone for sure within the next years, bitcoin sure is here to stay no matter what trend will come out.

[goinmerry]

with the above explanation it is clear why btc is better and the best choice over the rest. If you are still in doubt it is too bad because you are clearly missing out.

Saying who's the better might seems not appropriate. No need for comparisons. Why just focus on a single one?

Either Bitcoin, Fiat, or gold, they are all important.

Better to consider accumulating all of these if we can.

[Ben Barubal]

    Why is Bitcoin still the best choice, despite its low price? In terms of popularity, bitcoin is known in all countries around the world. Even in the stock exchange market, it has been included until now. This is something that other cryptocurrencies don't have. I don't know if you know of any other cryptocurrencies that are also included in the stock market.

    Then most large companies and merchants in different parts of the world also accept bitcoin as a primary payment in their respective businesses operating in their countries.

[EarnOnVictor]

I don't think there is a need for this table you drew here because you are making a lot of pointless conclusions there. Are you saying that Bitcoin and fiat do not have established histories but gold has? That is outrightly wrong. Do your research very well, aside from Bitcoin, fiat has a well-established history more than gold which is way older.

Let me just excuse myself from many others that you marked or dashed because many of these do not represent the reality of what you made them appear on the table. Gold is not divisible, but it has an established price, right? This thread is not necessary to me, you seem not well informed about the subject.

[Silberman]

Bitcoin is a good investment because of its volatility, and it's proving its worth since it was released in the cryptocurrency market. Honestly, gold and Bitcoin are good to posses, however, gold is a little bit eye catcher, especially to thieves, so you can't sleep at night if you don't have any good storage and security at your house.

I love Bitcoin in all of the cryptocurrencies that are existing here in the blockchain world because it's accessible anytime and it's not hard to keep.

If someone is afraid of the volatility of bitcoin then it is a good idea to buy gold, not only it is less volatile it is also a very good store of value, however there are many pitfalls when it comes to buying and storing gold and people need to be aware of them so they do not lose their investment, after all through the years there have been several scandals about gold bars and gold coins being fake so you need to know a little bit about the topic so you are not scammed, which is somewhat similar to what happens in this market in which you need to inform yourself about the different scams that exist so you don't fall into them and lose your money.

[Bitstar_coin]

I would say so - a dubious statement in the title of the topic. Let me explain: in some way, yes, bitcoin in the crypto world has the role of "dollar in the global economy." But in the fiat world, the situation is different - the dollar has the support of the Running House, the Fed, the US military, the economy and global demand for it as a settlement currency and as a store of value.

Btc does not have the support of the elite class yet but it has been able to compete quite well with fiat, imagine if it does...

What is Bitcoin? Yes, a high price, although this is also relative, and provided only by speculative processes. And what is important - there is no global dependence on it. Tomorrow, bitcoin can be replaced by, for example, Ethereum or Avalanche or a similar, high-tech product, and .. NOTHING WILL HAPPEN, just another token will replace bitcoin. And try to just replace the dollar? It will collapse! Therefore, the statement made in the title is not entirely true. IMHO

There is no global dependence yet but it does not mean the possibility is not there. It becomes speculative because of people's desires and is not a part of its nature.
Btc can be replaced and so is fiat, the world is fast changing and nobody knows what the future holds. For more than a decade people have been hoping to see the token/coin that will replace btc, until that happens btc remains the best option.

[Smartvirus]

~snip~

Btc does not have the support of the elite class yet but it has been able to compete quite well with fiat, imagine if it does...

They don't and I  don't blame them for it. There is an age factor in most of these, most of these guys don't work for themselves, they come up with ideas that there employees work on for them or maybe ideas presented for them of which they evaluate and find potentials. When it comes to cryptocurrency, its mostly a do it yourself.
On another note, these guys came to power following the traditional means of banks and the monetary system. It haven't failed them much nor is it knife-throat cutting and so the dependency would always be there with them until a huge progress is experienced in Bitcoin and other crypto projects.

What is Bitcoin? Yes, a high price, although this is also relative, and provided only by speculative processes. And what is important - there is no global dependence on it. Tomorrow, bitcoin can be replaced by, for example, Ethereum or Avalanche or a similar, high-tech product, and .. NOTHING WILL HAPPEN, just another token will replace bitcoin. And try to just replace the dollar? It will collapse! Therefore, the statement made in the title is not entirely true. IMHO

There is no global dependence yet but it does not mean the possibility is not there. It becomes speculative because of people's desires and is not a part of its nature.
Btc can be replaced and so is fiat, the world is fast changing and nobody knows what the future holds. For more than a decade people have been hoping to see the token/coin that will replace btc, until that happens btc remains the best option.

Well, the shift from the various chains from which projects run there ICOs and IEOs might be proof to some possible changes but, we ought to realise that these changes are due to congestion and there could be an after effect of which, everything could come back to origin and by that I mean bitcoin for which other projects won't count.
Not to mention the true qualities of bitcoin for which other projects lack.

[Abiky]

Bitcoin is definitely a better choice than both Fiat and Gold combined. But governments don't want people to realize this, because that would mean almost everyone will abandon Fiat for good. The vast majority of people worldwide thinks Bitcoin is a scam, a Ponzi, or something that will fade away into oblivion because of governments' misinformation and propaganda against it. As long as there are opposing forces trying to prevent people from using Bitcoin as an alternative financial system, we won't be going anywhere. At least, Bitcoin is free and open for anyone to use to their hearts' content. Who knows if it lasts for generations? Just my opinion

[Shasha80]

Bitcoin is a good investment because of its volatility, and it's proving its worth since it was released in the cryptocurrency market. Honestly, gold and Bitcoin are good to posses, however, gold is a little bit eye catcher, especially to thieves, so you can't sleep at night if you don't have any good storage and security at your house.

I love Bitcoin in all of the cryptocurrencies that are existing here in the blockchain world because it's accessible anytime and it's not hard to keep.

If someone is afraid of the volatility of bitcoin then it is a good idea to buy gold, not only it is less volatile it is also a very good store of value, however there are many pitfalls when it comes to buying and storing gold and people need to be aware of them so they do not lose their investment, after all through the years there have been several scandals about gold bars and gold coins being fake so you need to know a little bit about the topic so you are not scammed, which is somewhat similar to what happens in this market in which you need to inform yourself about the different scams that exist so you don't fall into them and lose your money.

Indeed, the reality is that there are people who are not interested investing in Bitcoin just because the price of Bitcoin is too volatile,
and he was not prepared if the price of Bitcoin suddenly dropped drastically. In fact, in my opinion, because the price of Bitcoin is very volatile,
we can generate very large profits from Bitcoin. That's why if we compare with other assets, Bitcoin is still the best for investment.
Especially Bitcoin's performance during the Pandemic in recent years can generate greater profits than investing in other assets.

It is true that Bitcoin has its drawbacks, but if we maximize the advantages of Bitcoin, it will be beneficial for us. Therefore I never hesitate
to invest in Bitcoin, but for people who are still afraid of the volatility of Bitcoin, there is no compulsion to invest in Bitcoin. There are still
other options, such as investing in Gold is also profitable. Although the profit generated is not as big as Bitcon, but it must be admitted that
it is safer and certainly legal in all countries. But as you say now there are a lot of fake gold circulating, that's why we should be able to know
the characteristics of real gold. Or so that we don't have to bother checking gold,  we can buy gold in a trusted place and reputable place,
so we can avoid buying fake gold.

[Sterbens]

Bitcoin is definitely a better choice than both Fiat and Gold combined. But governments don't want people to realize this, because that would mean almost everyone will abandon Fiat for good. The vast majority of people worldwide thinks Bitcoin is a scam, a Ponzi, or something that will fade away into oblivion because of governments' misinformation and propaganda against it. As long as there are opposing forces trying to prevent people from using Bitcoin as an alternative financial system, we won't be going anywhere. At least, Bitcoin is free and open for anyone to use to their hearts' content. Who knows if it lasts for generations? Just my opinion

Yes, it's true, misinformation about bitcoin is one of the reasons why bitcoin is still not accepted by some people. Moreover, the government with all its authority strongly opposes bitcoin. It is difficult when dealing with people who have great influence, in this case the government. They have all access to say anything to bitcoin.

[Jemzx00]

Bitcoin is definitely a better choice than both Fiat and Gold combined. But governments don't want people to realize this, because that would mean almost everyone will abandon Fiat for good. The vast majority of people worldwide thinks Bitcoin is a scam, a Ponzi, or something that will fade away into oblivion because of governments' misinformation and propaganda against it. As long as there are opposing forces trying to prevent people from using Bitcoin as an alternative financial system, we won't be going anywhere. At least, Bitcoin is free and open for anyone to use to their hearts' content. Who knows if it lasts for generations? Just my opinion

It's true yet I don't think that it's possible. I mean, Yes, Bitcoin is much greater and better than Gold or Fiat however I doubt that the people will try to abandon those two even if they are provided with correct information. People would rather choose convenience which is why fiat is the most favourable choice as it can be used to any kind of transaction.

Also, Unfortunately, Not only is the government against bitcoin but rather some professionals, celebrity, and various people who still thinks that crypto is a bubble even though that reliable information could be found throughout the internet.