Bitcoin is the smart choice not the entire crypto industry

[Yatsan]

I'd still go for investment diversion if it is about this technology, being profitable. Also, when it comes on transactions, there are other cryptocurrencies wherein transaction fees are lower so I would oppose on this one in some way. Indeed Bitcoin is the 'biggest' cryptocurrency in this industry but being biased won't be a help especially in cryptospace.

Our first priority should be on bitcoin not on other altcoins which is very risky in putting our money.
Just like putting 85 percent on bitcoin in your portfolio and the rest are those altcoins that you think it is also potentially can make a profit --or if you doubt give 100% to bitcoin instead.
If you are playing safe in the crypto market, bitcoin is the smartest choice because it is proven and tested already.

Not surprising because bitcoin has the largest community of users; thus, it gives the support it needed to recover from any market crash. But if you're just an investor seeking for stability, for sure there are other options such as etherium , which could match with Bitcoin. Putting your money into one basket would be no good.

Now the big question comes.  Is Bitcoin really a hedge against negative economical events?

With the high rate of unpredictability and the volatile nature of bitcoin, it is indeed hard to defend it as a hedge for inflation. Perhaps individuals have adopted it for an investment based on a long term base due to the fact that, its one that comes with promises in a long run but, that cannot be speculated for a time with all accuracy.
Most of all, governments of the world are taking a different approach towards the idea of a digital currency with the CBDC which is very much not bitcoin built soke digital fiat. As a means to substitute crypto and function in the capacity as some wa to tackle inflation from reducing the printing of notes.
Bitcoin is non the less a good currency and investment but, hardly the hedge we hope it would be just yet.

Bitcoin has nothing to do with Economical events, but the counterpart has. Economic related issues affect the demand towards not only with Bitcoin but also to this technology in general.

[uneng]

Bitcoin is supposed to be the main investment in cryptocurrency for every investors. It's advised to have a portfolio of 90% in btcs and only 10% or 5% in altcoins.

Altcoins aren't totally excluded because they also give access to interesting benefits for some investors, which they can't find on bitcoin, so they go for those altcoins as well and we can't say they are wrong for investing this way. Although they are more risky than bitcoin, the potential is still there, anyway.

It just need to be a calculated risk.

This is what I think as well, if some people want to take additional risks with altcoins in exchange for bigger profits or bigger losses I am fine with that, what I disagree with is the huge allocation of capital those people decide to assign to altcoins, after all if someone invests just 10% of their money in altcoins while the rest is in bitcoin, even if they made a catastrophic mistake they will only lose a small portion of their capital, which can be easily recovered by bitcoin and by themselves as time passes with money they happen to save each month.

To some extent, when you talk about investment and risk we should consider altcoin discussion as 90% of altcoins are worthless and their sustainable approach to market development is short which is why altcoins can only be considered for short-term investment.

Holding altcoins is the same as gambling you can lose all your money, and you can't rely on altcoins then you should be ready for the high volatility risk.

Because the altcoin market is full of tokens and coins without user cases to sustain its price on the stock market, only the developer has total control since their can mint new tokens at will.

There are more than 12,000 cryptocurrencies available in the market. If we consider 90% to be worthless and 10% useful, we are taking 1200 cryptocurrencies into consideration as possible investments, so I guess it's more likely above 99% of cryptos are worthless.

The fact is that very few altcoins worth to be invested and shared side by side with your bitcoin holdings. Some have short term potential, others medium term potential, but on long run no one can beat bitcoin's potential.

[ultrloa]

So in conclusion: Bitcoin is the blanket cover for what cryptcucrency and digital currency stand for and only those that hold Bitcoin should be seen as the smart people, not those holding and gambling with shitcoins.

Some people always use the word bitcoin to their project so that they can convince people that they will get the same pumps and bought their shitcoins offered. The decision making of people to hold is not a smart choice because if they do so they most likely end up getting scam since mot of shitcoins are totally doomed when devs start to abandon it. Much better to trade those shitcoins from time to time and accumulate bitcoins for long term hold since this will make you a smart investor.

[GreatArkansas]

(....)
So in conclusion: Bitcoin is the blanket cover for what cryptcucrency and digital currency stand for and only those that hold Bitcoin should be seen as the smart people, not those holding and gambling with shitcoins.

Exactly. People who are a fan of altcoins in their early days after they were introduced to cryptocurrency will realize how Bitcoin really matter in the cryptocurrency market.
That's why people saying if you will buy some altcoins, make sure you got some Bitcoin from your bag or Bitcoin is the largest percentage of your portfolio.

[Fatunad]

So in conclusion: Bitcoin is the blanket cover for what cryptcucrency and digital currency stand for and only those that hold Bitcoin should be seen as the smart people, not those holding and gambling with shitcoins.

Some people always use the word bitcoin to their project so that they can convince people that they will get the same pumps and bought their shitcoins offered. The decision making of people to hold is not a smart choice because if they do so they most likely end up getting scam since mot of shitcoins are totally doomed when devs start to abandon it. Much better to trade those shitcoins from time to time and accumulate bitcoins for long term hold since this will make you a smart investor.

Accumulate bitcoin as much as you could and this is where those smart investors had been doing on which they are diversifying throughout on altcoin investment but in the end of the day they would
really be making out some conversion and would really be that tending to accumulate bitcoin which is a wise move.We know that altcoin arent that a bad selection or choice
but when it comes to future or potential then we know that Bitcoin is much more preferred and mainly been supported which it is really safe to presume
that it is really just right for you to accumulate it.

[Darker45]

Yeah, I agree. This is precisely the reason why the word crypto has now fallen from what used to be a prestigious spot. It is now being highly equated with shitcoins and shit projects and airdrops and all kinds of scams. It is now being equated with centralized platforms that offer unsustainable gains. It is now being closely attached to Ponzis.

On a different note, it is also unfortunate that Bitcoin is now being treated as if it is one among the different products of the traditional market. While it supposed to counter inflation, to somehow act as a hedge, its correlation with stocks, for example, has been hitting ATHs. I feel like there's something odd when people buy and sell Bitcoin according to indicators used in analyzing the traditional market.

[Bazzu]

those who choose bitcoin are indeed smart people. but of course in this case, of course, different opinions and wishes of everyone. and most people who don't want to buy bitcoins because they don't know the real thing about bitcoins. and most people think they always want to get rich quick and greedy. and finally they invest in low-quality altcoins, because they want bigger profits. even though if we are greedy, especially if there is no knowledge, it will actually make the situation and situation worse.
and I personally used to experience frequent losses and the cause was greed. so in conclusion people who choose bitcoin are smart people.

[davis196]

Bitcoin's biggest problem aren't the altcoins. Bitcoin's biggest problem are the governments/central banks and the big army of haters/FUDsters.
There's nothing wrong with having a bunch of decentralized altcoins trying to compete against BTC(assuming that they are legit altcoin projects, not shitcoins). PoS altcoins are kinda centralized, but that's a subject for another topic.
Centralized altcoins like Ripple are basically "glorified digital money". There's no point of their existence. The people could use the digital money in their online bank accounts or Paypal accounts. What makes Ripple better than the digital fiat money? I can't find a feature that makes Ripple better than online fiat money.

[arwin100]

those who choose bitcoin are indeed smart people. but of course in this case, of course, different opinions and wishes of everyone. and most people who don't want to buy bitcoins because they don't know the real thing about bitcoins. and most people think they always want to get rich quick and greedy. and finally they invest in low-quality altcoins, because they want bigger profits. even though if we are greedy, especially if there is no knowledge, it will actually make the situation and situation worse.
and I personally used to experience frequent losses and the cause was greed. so in conclusion people who choose bitcoin are smart people.

Smart for holding it for hodl purposes but not smart option to have if you only have less money for investment because your money will go sleep and the volume will not grow with that. You will still need altcoin with this since trading it and try to gain profit is much really better option to increase our portfolio. It's just we should not let any people hype us because its to bad for us to get FOMO since this could empty our pocket since its so bad if we became a holder of shitcoins.

[Ucy]

Actually, we have two main Cryptocurrencies in Crypto Space/World: Bitcoin & the rest

Bitcoin does not seek to be a global currency or system. The main purpose for its existence is to serve as system to preserve values during a global chaos.
It will be one of most powerful antifragile systems ever built and will be use to preserve lives and other valuable in time global uncertainty/tyranny as it's built on a solid foundation.

Others, especially the scamcoins, will likely be adopted by tyrants, false messiah, dictators and slaves and be used as tools for persecution and global tyranny. So, people need to be extremely careful with the choice they make. Bitcoin Master has chosen Bitcoin and no one in the world or below can defeat it.

[doomloop]

But one of the major set back against Bitcoin's global image is the presence of other coins who are centralized and highly vulnerable in term of volatility rate and price stability occasion with uncertain events that happens within other centralized cryptocurrency platform.

The blockchain and cryptocurrency market is an extensive market. I don't see any reason why the presence of altcoins is the major drawback for Bitcoin's global image if investors themselves educate themselves about cryptocurrency investment.
I know you see altcoin as a drawback for BTC's positive global image due to some scam, rug pull, etc done by some altcoin team. However, this is expected in a market that is full of opportunity.
It's the investor that needs to wise up.

Blockchain is a technology and it used by Cryptocurrency. It is not a market but cryptos can be. Coins other than BTC doesn't affect BTC but it was the BTC rather that influence them. I am talking about the price there but in terms of reputation then maybe they can affect BTC. I don't know why they termed BTC as a safe haven when the truth is that it is not immune to some hazards including the crisis that the world is currently experiencing now.

I think people just want to hype up BTC in order to attract more users in it. We want more adoption but it would be better if we are honest and tell everything that can possibly happen in BTC.

[BigBos]

Bitcoin is the blanket cover for what cryptocurrency and digital currency stand for and only those that hold Bitcoin should be seen as the smart people,

That's exactly a good point you made here because I also see many people thinking bitcoin is just the same as the other regular cryptocurrencies in the market and sometimes when a cryptocurrency project fails in the market many people will think that is situation is the same with bitcoin and bitcoin is going to fail as well while these two are really different and digital currencies are even more different if you know the definition well.

I think most of the Bitcoin or altcoin community still have the same view that Bitcoin and Altcoin are the same digital asset, most of them define Bitcoin as a digital asset which is quite expensive and has the largest market capitalization of all the coins on the market. With cycles and temperaments that are different from stocks, used by traders to seek profits and also because Bitcoin is valued once every three years and has experienced a significant increase in its fourth year, not a few people collect bitcoins to seek more profits or as an asset diversification and or investment alternatives.

Therefore, I think literacy about Bitcoin and altcoins must be increased for beginners who enter the world of crypto.

[kryptqnick]

I agree with the op that while Bitcoin is relatively low-risk and has high prospects, it's dangerous to use the word 'crypto' instead of Bitcoin when talking about long-term investments or mass adoption because the vast majority of altcoins are very risky and have a low chance of becoming anything more than failed projects or Bitcoin clones. Hodling Bitcoin and perhaps Ethereum is one thing, but hodling some random altcoins is another, and there's no reason for them to recover when the bull market comes or to become more widely used in the future.

[Rana590]

those who choose bitcoin are indeed smart people. but of course in this case, of course, different opinions and wishes of everyone. and most people who don't want to buy bitcoins because they don't know the real thing about bitcoins. and most people think they always want to get rich quick and greedy. and finally they invest in low-quality altcoins, because they want bigger profits. even though if we are greedy, especially if there is no knowledge, it will actually make the situation and situation worse.
and I personally used to experience frequent losses and the cause was greed. so in conclusion people who choose bitcoin are smart people.

There are a lot of people who don't invest altcoins for huge profit within short time but they mistake by choosing best and potential projects. Bitcoin should be first choice who are familiar with crypto currency. But different people may have different opinions. Smart people will think about future, potentiality and uses case.

[Hyphen(-)]

So in conclusion: Bitcoin is the blanket cover for what cryptcucrency and digital currency stand for and only those that hold Bitcoin should be seen as the smart people, not those holding and gambling with shitcoins.

There is no doubt about Bitcoin being the pioneer and the overall and general name of what cryptocurrency is all about but Altcoins that are built to have a similar way and form of transaction with Bitcoin comes with various problems which is making people to have doubts about cryptocurrency.

Wise investors choose what has a good history and a bright future, which is why they choose Bitcoin for long-term investment, but some people choose some good Altcoins for short-term investment because they believe it provides more profit and has a higher risk.

[isaac_clarke22]

~

Not sure if it is the other way around. Bitcoin does not give a single crap about government though we can say that it is kind of affected with FUDsters that brings the prices down. Government is the one having problem dealing with decentralized crypto like Bitcoin since it is entirely decentralized itself and the least thing they could do about it is just ban exchanges or disallow usage of crypto app or anything means necessary to put a stop on people trying to use Bitcoin, but still in the end people were still able to bypass those restrictions and bans though they might need to take extra precaution to not get caught of course.

[suzanne5223]

The blockchain and cryptocurrency market is an extensive market. I don't see any reason why the presence of altcoins is the major drawback for Bitcoin's global image if investors themselves educate themselves about cryptocurrency investment.
I know you see altcoin as a drawback for BTC's positive global image due to some scam, rug pull, etc done by some altcoin team. However, this is expected in a market that is full of opportunity.
It's the investor that needs to wise up.

Blockchain is a technology and it used by Cryptocurrency. It is not a market but cryptos can be. Coins other than BTC doesn't affect BTC but it was the BTC rather that influence them. I am talking about the price there but in terms of reputation then maybe they can affect BTC. I don't know why they termed BTC as a safe haven when the truth is that it is not immune to some hazards including the crisis that the world is currently experiencing now.

Yes, blockchain is a technology, not a market. However, it is not only used by cryptocurrency because it's also an important technology to medical practitioners, banking institutions, security, etc.
I don't know others but when people like said BTC is a safe haven, I simply mean it is the best cryptocurrency investment but that doesn't it being the best won't experience some challenges and the crisis the world is currently experiencing now won't have had much impact on BTC if we're not in bearish season.

I think people just want to hype up BTC in order to attract more users in it. We want more adoption but it would be better if we are honest and tell everything that can possibly happen in BTC.

Some people may hype BTC but we don't need it because soon or later more users will be attracted to BTC I just that the new Brazil Presidential elected signed the bill that will acknowledge BTC as a legal tender in Brazil when he resumes office.

[Finestream]

Bitcoin is supposed to be the main investment in cryptocurrency for every investors. It's advised to have a portfolio of 90% in btcs and only 10% or 5% in altcoins.

Altcoins aren't totally excluded because they also give access to interesting benefits for some investors, which they can't find on bitcoin, so they go for those altcoins as well and we can't say they are wrong for investing this way. Although they are more risky than bitcoin, the potential is still there, anyway.

It just need to be a calculated risk.

Well, everything in crypto needs calculated risk but since altcoins have less potentials and are even more risky than bitcoin then we should deal it with more caution. That is why investing only in the top potential altcoins in the market are the ones advisable, and disregard others as they could end up as shitcoins. However, bitcoin investment should be the top focus above everything else. If we can make 90% with bitcoin, and the rest are potential altcoins, I think that will give us maximum profits in the end.

[Tanvi50_]

So in conclusion: Bitcoin is the blanket cover for what cryptcucrency and digital currency stand for and only those that hold Bitcoin should be seen as the smart people, not those holding and gambling with shitcoins.

Bitcoin is to be seen as the mother coin of all cryptocurrency. So this i can agree with you.
People are trying to adept to the concept hence making their own tokens. and with that they are creating all kind of shitcoins as you mentioned.
for me though, i always try to keep all my holdings in BTC, others will fade away eventually.

[justdimin]

The blockchain and cryptocurrency market is an extensive market. I don't see any reason why the presence of altcoins is the major drawback for Bitcoin's global image if investors themselves educate themselves about cryptocurrency investment.
I know you see altcoin as a drawback for BTC's positive global image due to some scam, rug pull, etc done by some altcoin team. However, this is expected in a market that is full of opportunity.
It's the investor that needs to wise up.

Blockchain is a technology and it used by Cryptocurrency. It is not a market but cryptos can be. Coins other than BTC doesn't affect BTC but it was the BTC rather that influence them. I am talking about the price there but in terms of reputation then maybe they can affect BTC. I don't know why they termed BTC as a safe haven when the truth is that it is not immune to some hazards including the crisis that the world is currently experiencing now.

Yes, blockchain is a technology, not a market. However, it is not only used by cryptocurrency because it's also an important technology to medical practitioners, banking institutions, security, etc.
I don't know others but when people like said BTC is a safe haven, I simply mean it is the best cryptocurrency investment but that doesn't it being the best won't experience some challenges and the crisis the world is currently experiencing now won't have had much impact on BTC if we're not in bearish season.

I feel like it is used mainly in crypto and that is a good enough reason. I am not saying that it is the only way to make money or anything, but blockchain is not really widely used in all other places, it is mainly used in these places and that's normal.

I feel like the best thing to do right now is to invest into things that have either good blockchain used by millions just like bitcoin, or if you want to invest into something new, then make sure that they have some improvement and something better with their blockchain, something that has the same as everyone else, literally copycat, doesn't mean it will be good, nothing like that could ever be good in the long run.