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Author Topic: No Alternative to Bitcoin, Your Alternative is Bitcoin.  (Read 834 times)
Quidat
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December 02, 2022, 10:30:13 PM
 #61

Thank God that educated people that know how important Bitcoin is to a nation are taking over some position in the parliament to stand for bitcoiners and to approve all the necessary things bitcoiners need to be happy with their transaction in the country. Since El Salvador and other countries has made it legal in their countries, and many good news are coming from those countries that value digital currency in their countries because it has added more value to their economy.
Not yet and it only just happens when all countries will support Bitcoin and realize their mistakes.
El Salvador have a strong stance and support to Bitcoin, they have a positive approach while the other are banning Bitcoin as it was a conflict of their interest. It was to say that people need more education and it takes more time to fulfill but at least we already see that some people know the importance and give value to Bitcoin.

Bitcoin = Bitcoin, Altcoins = Altcoins
They are really different in purpose and also behavior.
But even if we do loves to see a main coin like Bitcoin but existence of altcoins can never be stopped since  there would be developers who would really be tending to create one and this is in result
which we've been flooded out by lots of coins here in the market.Its up to someones choice whether which one they would really be tending to get engage into.
Cant really deny that Bitcoin is the most good choice but there are people who cant just resist on not to take some other opportunities which you could
really make money if you have done it the right way.

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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December 03, 2022, 03:47:46 AM
 #62

Bitcoin was designed after the 2008 economic crisis. It is deflationary. The halving of output every four years will further reduce the supply of Bitcoin. The imbalance between supply and demand will further push up the price.


A Bitcoin ban is out of the question, and the “death” of the dollar is inevitable. What Bitcoin offers is an alternative when the market crashes.
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December 04, 2022, 12:29:23 AM
 #63

Bitcoin was designed after the 2008 economic crisis. It is deflationary. The halving of output every four years will further reduce the supply of Bitcoin. The imbalance between supply and demand will further push up the price.


A Bitcoin ban is out of the question, and the “death” of the dollar is inevitable. What Bitcoin offers is an alternative when the market crashes.

Many people don't even conceive the idea of a world without the USD as the global reserve currency.

But over decades the global reserve currency has been changing, from the Spanish Real to the British Pound, and then to the USD.

Soon the time will come for Bitcoin when it takes over that. We're in the process of this happening right in front of our eyes.

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December 04, 2022, 01:06:07 AM
 #64

In an investment context, maybe yes. Bitcoin started the birth of all cryptocurrencies and tends to get the first place as the most recommended investment instrument in all regulations in the world. In the context of use, altcoins also have more specific functions which (maybe) are difficult to implement using bitcoin. So altcoins remain a priority option for some use cases.

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December 04, 2022, 03:35:20 AM
 #65

Bitcoin was designed after the 2008 economic crisis. It is deflationary. The halving of output every four years will further reduce the supply of Bitcoin. The imbalance between supply and demand will further push up the price.


A Bitcoin ban is out of the question, and the “death” of the dollar is inevitable. What Bitcoin offers is an alternative when the market crashes.

Many people don't even conceive the idea of a world without the USD as the global reserve currency.

But over decades the global reserve currency has been changing, from the Spanish Real to the British Pound, and then to the USD.

Soon the time will come for Bitcoin when it takes over that. We're in the process of this happening right in front of our eyes.
But one thing you can't even conceive is that all those world reserve coins were created by one great power. In the past, Spain or England used to be the dominant empires in the world and are gradually replaced by the US to this day, which means that whichever country is the most powerful will dominate the world's currency.

In contrast, bitcoin is a decentralized and community-backed currency and the community is controlled by the government, so bitcoin is very unlikely to become a global currency. Bitcoin can only be an alternative used in tandem with the current currency, and it is a success.

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December 04, 2022, 04:07:35 AM
 #66

When another coin competes in the market as an alternative to Bitcoin, then Bitcoin is called an alternative coin of that coin.  But till date I have not seen any coin survive in the market as an alternative coin to Bitcoin.

A few days ago I read a Coin Gecko report where they produced an annual report of dead coins.  There they published a statistic containing 8 thousand cryptocurrencies, declaring 3322 cryptocurrencies as dead coins in 2021.  This year 2022 so far 951 projects have already been declared as in active or dead projects.  So from all these statistics it is evident that since the birth of Bitcoin till date thousands of alot coins have come into the market but no one has been able to take the place of Bitcoin.  You can't in the future.  However, Bitcoin has gone through very bad times at various times but has not been declared a dead project.  Therefore, no other project will ever come in the market as an alternative to Bitcoin.  So I prefer Bitcoin as an alternative to Bitcoin.



https://twitter.com/coingecko/status/1599221955525111808?s=19
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December 04, 2022, 09:14:52 PM
 #67

In an investment context, maybe yes. Bitcoin started the birth of all cryptocurrencies and tends to get the first place as the most recommended investment instrument in all regulations in the world. In the context of use, altcoins also have more specific functions which (maybe) are difficult to implement using bitcoin. So altcoins remain a priority option for some use cases.
There are different alternative to Bitcoin which we can buy and hold but there have there own risk that we have to be aware of if not we might be taking a bold risks that makes us ignorant.

 It is true that Bitcoin is a big and good crypto project that will not crash like making of the altcoins that we have heard about making investors to make severe loses but there are still some that can make us earn some good profits which can be very huge if we hold at the appropriate time.

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December 04, 2022, 10:02:02 PM
 #68

Bitcoin was designed after the 2008 economic crisis. It is deflationary. The halving of output every four years will further reduce the supply of Bitcoin. The imbalance between supply and demand will further push up the price.


A Bitcoin ban is out of the question, and the “death” of the dollar is inevitable. What Bitcoin offers is an alternative when the market crashes.

Many people don't even conceive the idea of a world without the USD as the global reserve currency.

But over decades the global reserve currency has been changing, from the Spanish Real to the British Pound, and then to the USD.

Soon the time will come for Bitcoin when it takes over that. We're in the process of this happening right in front of our eyes.
Indeed, the adoption will take many years before they fully understand the purpose of creating Bitcoin. For now, only a few went to the fullest discovery and are considered as currency and accepted as payment while the majority are still considering this as an investment. Though we think for instance that Bitcoin will take over fiat currency and be considered a global currency, however, I don't even think also that this will totally erase fiat the use of fiat money in the market nor it will stop the circulation as for sure some countries won't support crypto, like China.

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December 05, 2022, 03:39:19 AM
 #69


There's no boundaries or limitation to the widespread of bitcoin adoption and it acceptance in any financial and economical settings, this makes it more courageous to go for bitcoin even as this present general economy downturn with inflation everywhere, bitcoin has been spotted on several occasions to be the best alternative to this, learn about bitcoin today, invest and hold, bitcoin is a profitable investment and asset.

Most people will not easily accept new things, and it will always take some time for people to adapt to the emergence of Bitcoin. Perhaps many people have only heard about Bitcoin in the news, and some negative news made them FUD, so they are still hesitant.
Although it cannot be denied that Bitcoin is a good choice and it brings many benefits to investors, it cannot be forced on everyone.
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December 05, 2022, 05:54:34 AM
 #70


There's no boundaries or limitation to the widespread of bitcoin adoption and it acceptance in any financial and economical settings, this makes it more courageous to go for bitcoin even as this present general economy downturn with inflation everywhere, bitcoin has been spotted on several occasions to be the best alternative to this, learn about bitcoin today, invest and hold, bitcoin is a profitable investment and asset.

Most people will not easily accept new things, and it will always take some time for people to adapt to the emergence of Bitcoin. Perhaps many people have only heard about Bitcoin in the news, and some negative news made them FUD, so they are still hesitant.
Although it cannot be denied that Bitcoin is a good choice and it brings many benefits to investors, it cannot be forced on everyone.

Yes, bitcoin may be good for us but not necessarily good for others, people who are rich enough they won't need bitcoin because they have enough money, money has become not so important to them. Or those who do not like to take risks, bitcoin is not for them, without bitcoin many people still become rich. So bitcoin is just an alternative.
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December 05, 2022, 07:28:36 AM
 #71

There's no boundaries or limitation to the widespread of bitcoin adoption and it acceptance in any financial and economical settings, this makes it more courageous to go for bitcoin even as this present general economy downturn with inflation everywhere, bitcoin has been spotted on several occasions to be the best alternative to this, learn about bitcoin today, invest and hold, bitcoin is a profitable investment and asset.
but unfortunately in some countries there are still restrictions on accessing bitcoin in all matters of transactions and investments.

in my country, bitcoin is not allowed for transactions with all factors. but legally used for investment assets.
so that until my country is one of the countries that recognizes that bitcoin is a good asset for the long term

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December 05, 2022, 08:43:32 AM
 #72

Bitcoin was designed after the 2008 economic crisis. It is deflationary. The halving of output every four years will further reduce the supply of Bitcoin. The imbalance between supply and demand will further push up the price.


A Bitcoin ban is out of the question, and the “death” of the dollar is inevitable. What Bitcoin offers is an alternative when the market crashes.

Who cares if Bitcoins are banned? I mean if you know the use of Bitcoins, then you will excel in it. It doesn’t matter whether BTC are banned or not. You can easily see the real life example in Nigeria, I mean there was a time when BTC was banned, but still most of the country was using it through P2P trades. Yes we need to just not misuse it. And regarding the advantages of Bitcoins, all know what it offers. So no alternative is there for Bitcoins as said earlier. Buy large amount of Bitcoins in this cheap price and enjoy profits later.

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December 07, 2022, 02:25:23 AM
 #73

Why still hesitating about bitcoin when others were jubilating for it adoption in making difference, i have three facts to make you change your decision and start investing with this period while it is still on the bear mode just for you to set in for an opportunity.

1. The United Kingdom together with it lawmakers have support the use of bitcoin as a mean of financial products recognized as currency for exchange, while recently was the news aired about the new UK prime minister Rishi Sunak while the Canadian also have the support of their candidate  Pierre Poillievre as for their prime minister, both the government and political powers are seeing the light that comes along with bitcoin and have their public opinion and expression made in support for bitcoin adoption.
https://twitter.com/WatcherGuru/status/1584948976897626112?t=IwuH_cEZOnE0LzGcrwUvbA&s=19

2. Bank of America has notably suggest bitcoin as a finite asset with fixed supply and recommends it for a safety investment https://twitter.com/BitcoinMagazine/status/1584913675328147456?t=gzZtHcxRq2qmuwb-OTqAnA&s=19

3. The CashApp financial system have also supported sending and receiving payments through the bitcoin lightening network, more details here:  https://twitter.com/BitcoinMagazine/status/1584876286089928704?t=t4Uo3D9TYZOcVW3HxO6FGg&s=19

There's no boundaries or limitation to the widespread of bitcoin adoption and it acceptance in any financial and economical settings, this makes it more courageous to go for bitcoin even as this present general economy downturn with inflation everywhere, bitcoin has been spotted on several occasions to be the best alternative to this, learn about bitcoin today, invest and hold, bitcoin is a profitable investment and asset.

Investing in Bitcoin among cryptocurrencies is also a must. The market is still in a bear market, and its volatility means that now is the best time to buy BTC and hold it for the long term. Compared with fiat currency, Bitcoin is scarce, so holding more BTC can make our money more valuable. When there is enough patience and long-term holding, the return on investment will be rich and profitable.
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