Bitcoin is the smart choice not the entire crypto industry

[borovichok]

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.

Bitcoin is the top investment in cryptocurrency, although there's other projects in the space. We should focus all our time on the main project in the space rather than getting along with smaller projects or altcoins that don't yield profits. Sometimes, these altcoins are scammed and fail programs that don't have the capacity to credits their investors. The moderators behind bitcoin are very smart because they always make out time for both the dump and pump of the coin and it's reliable to place full hope on it.

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[Odusko]

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.

I don't consider CBDC as a cryptocurrency most especially those that are I'm not run on the blockchain, recently my country central bank concluded it CBDC project and it launch.
But the disappointing part is that the CBDC is not a blockchain-based.
But you talk about stability and peace of mind for long-term basis, bitcoin will definitely be the first choice and a priority concern.

[panganib999]

I don't understand the logic behind gatekeeping the rest of the cryptocurrency industry and only ever using bitcoin. The fact that we came this far not only because of bitcoin but of course because projects left and right are vying to be its successor is what made this industry this big. Granted there are shitcoins every now and then but bitcoin couldn't cover every utility that altcoins provide. Bitcoin could remain the top cryptocurrency without antagonizing every other altcoin in existence just because it is "better" and the existence of altcoins makes bitcoin look "volatile" from the outside market's perspective. There's money to be made and a future to look up to in this industry, and that is partly thanks to the existence of altcoins on the market that keeps the industry relevant and the competition for top 1 fierce.

[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 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.

For now, blockchain is mainly used in the cryptocurrency space because its potential was known by the world through crypto, and in the future, more enterprises will make use of blockchain for data storage, security, voting, etc.
Have you wondered why all governments choose to acknowledge blockchain? They are doing some research on how to make use of it in the medical, security, and election voting specialization.

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.

If you're a risk taker who's also an altcoin enthusiast. I believe the best thing to invest in right now is altcoins that did well in this bearish market because they are literally good for the next few year's market.
Just like CZ said "bear expose weak coin"

[DaNNy001]

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.

Many people don't understand the whole concept of bitcoin and with the wrong perception towards it they make  huge and regrettable mistakes by going for other cryptocurrency that are a little bit stabilize and its control by one CEO of the so called platforms.

The same faith happened to one of my friend who bought crypto in BTC but decided to sell it and get a more stabilze coin which he said he sold because of the unstable nature of bitcoin and i tried to advice him on leaving it as bitcoin but he said the only reason he bought was because of the high fees included in saving in fiat so he said he doesn't want anything that would be of inconvenient to  him. But i would think bitcoin is far better to these other coins because its decentralized and no one controls it and nothing like a news about it crashing all of a sudden jist like the FTX saga that happened where a lot of people just like this my friend has purchase alot of their coins and saving it online instead of the non custodial wallets which is more preferable.

[CryptoHeadlineNews]

Even with all this, Bitcoin have remain untouched and it users are the only one who are safe in this time of crisis most especially those who store they bitcoin in their private wallets.

Bitcoin will always have edge over all other cryptocurrencies, been the first, the most traded and only coin with the highest volume in the total coinmarketcap. Because one sure thing about Bitcoin is that it's best for long term investment, unlike most altcoins with high volatility to either fall or rise very within a short period of time. And that's how people who keep holding Bitcoin against other shitcoins will continue to be on the safer side in times like this.

[Bitstar_coin]

As the quest for global adoption of digital currencies due to the high rate of inflation in traditional papers money keeps surging, attention has been shifted to cryptocurrency as the hedge against the inflation and economic recession that is ravaging the global economy,
And those of us who are early to adopt Bitcoin and seek to build knowledge as regards the technology is seen as the most smartest set of people among the general public.

Btc is gaining more attention now than before no doubt, but it doesn't seem that people crypto or btc is been used as a hedge against inflation as you have described otherwise the market will react differently especially with the high inflation rate, instead the price of btc keeps dropping and this is because people are selling their coins to fiat despite the inflation.

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.
Even with all this, Bitcoin have remain untouched and it users are the only one who are safe in this time of crisis most especially those who store they bitcoin in their private wallets.

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.

yeah, can't deny that the recent bad news happening about the centralized projects has impacted btc negatively directly or indirectly.  However, I can't say they are the major setback for btc global adoption because as it is, only a few of the many centralized coins in the market are known to the top players. Centralized coins can not stop btc from gaining global recognition.

[ginsan]

Bitcoin will always have edge over all other cryptocurrencies, been the first, the most traded and only coin with the highest volume in the total coinmarketcap. Because one sure thing about Bitcoin is that it's best for long term investment, unlike most altcoins with high volatility to either fall or rise very within a short period of time. And that's how people who keep holding Bitcoin against other shitcoins will continue to be on the safer side in times like this.

Bitcoin is the first cryptocurrency and currency introduced by satoshi to be a means of fast and secure transactions without the involvement of third parties. investing in bitcoins is a smart way for a person or company to make their reserve assets in bitcoins. bitcoin is already the legal currency for elsavador and it is history for us to remember. where shitcoin comes that's a scent that is always present in every business. if not shitcoin maybe cryptocurrency wouldn't be as great as this but the existence of shitcoin is also a dilemma in cases that arise every day.

maybe the important point is that investing in bitcoin is a better investment than other coins. bitcoin is going to rock the world and it is going to happen so that opportunity is what will lead us to become the next millionaires. in your portfolio, don't have shitcoin because it tends to be a useless asset in the future.

[fennic]

As the quest for global adoption of digital currencies due to the high rate of inflation in traditional papers money keeps surging, attention has been shifted to cryptocurrency as the hedge against the inflation and economic recession that is ravaging the global economy,
And those of us who are early to adopt Bitcoin and seek to build knowledge as regards the technology is seen as the most smartest set of people among the general public.

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.
Even with all this, Bitcoin have remain untouched and it users are the only one who are safe in this time of crisis most especially those who store they bitcoin in their private wallets.

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.

In my opinion BTC is also a best choice rather than other crypto cause they are such volatile as compared Bitcoin price action. And I am also holding Bitcoin and also crypto and it made me realize that how good investment in Bitcoin. There was a time when I started investing in crypto and also other such coins and that made me lose so much money. And Currently I am recovering from my losses and soon I will be able to generate good income from Cryptocurrency.

[Vaculin]

(....)
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.

Also, diversifying your investments is good but make sure that you are filling your portfolio with high potential coins in the market. And as much as possible, accumulate more bitcoin than top altcoins. Because in the end, some top altcoins do not guarantee huge price increase, some even fall on the process. But bitcoin will always  skyrocket especially when there are signs for the market to become bullish again.

[isaac_clarke22]

~

Well I did have wrong perception about Bitcoin back then since I thought it was being used in the dark web and making me think that if I bought it then I might be waiting for a knife in my back one day, but I guess I was being paranoid through my lack of knowledge in crypto.

Bitcoin is always going to better choice in the end, and I am not sure what your friend is really doing.
No one wants some other authority managing their money in their own wallet.

[serjent05]

~

Well I did have wrong perception about Bitcoin back then since I thought it was being used in the dark web and making me think that if I bought it then I might be waiting for a knife in my back one day, but I guess I was being paranoid through my lack of knowledge in crypto.

That was how people think during the early days of Bitcoin.  But I am glad that many realized that they are wrong about their bad impression of Bitcoin back then.

Bitcoin is always going to better choice in the end, and I am not sure what your friend is really doing.
No one wants some other authority managing their money in their own wallet.

Of course!  If you have altcoins and Bitcoin as option, it is best to choose Bitcoin.  Bitcoin had established its economy and community.  Bitcoin adoption already reached new heights since some country is accepting it as mode of payment and legal tender.  If we want  more liquidity, Bitcoin is always the answer among the available cryptocurrency in the market.

[n0ne]

(....)
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.

Also, diversifying your investments is good but make sure that you are filling your portfolio with high potential coins in the market. And as much as possible, accumulate more bitcoin than top altcoins. Because in the end, some top altcoins do not guarantee huge price increase, some even fall on the process. But bitcoin will always  skyrocket especially when there are signs for the market to become bullish again.

Bitcoin is always the best for its proven record. The competence from the altcoins keep the market of bitcoin high against the altcoins. Based on this it is good to have our funds diversified than investing completely on bitcoin. At any instance bitcoin won't leave you at loss, but the same assurance can't be expected with altcoins which is the riskier part though some of the altcoins have provided with high roi on the investment than bitcoin.

[hatshepsut93]

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.
Even with all this, Bitcoin have remain untouched and it users are the only one who are safe in this time of crisis most especially those who store they bitcoin in their private wallets.

Volatility or price stability, even centralization are not the main problems with them. The main problem is that they are scams, they are created only to be dumped to "investors" and then the devs abandon the so-called project. And the second problem is even deeper - blockchain and cryptocurrency technology is not fundamentally very useful, it doesn't solve some big problems, it doesn't solve many problems, and it's full of drawbacks. So even the few projects that are honest and have devs who really try to create something are doomed to fail.

[Nuraiuii]

As the quest for global adoption of digital currencies due to the high rate of inflation in traditional papers money keeps surging, attention has been shifted to cryptocurrency as the hedge against the inflation and economic recession that is ravaging the global economy,
And those of us who are early to adopt Bitcoin and seek to build knowledge as regards the technology is seen as the most smartest set of people among the general public.

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.
Even with all this, Bitcoin have remain untouched and it users are the only one who are safe in this time of crisis most especially those who store they bitcoin in their private wallets.

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 has an edge over other altcoins and it is the best choice for most investors. Bitcoin, as the king of cryptocurrencies, brings a lot of benefits and freedom to people. Bitcoin is still a good currency and investment in the long run, really realizing the importance of Bitcoin in the cryptocurrency market.

[Kakmakr]

Bitcoin are currently the "King of the Hill"... but it is not guaranteed that it will stay there. There are also other Alt coins with very good features, without the head start that Bitcoin has ....as the first coin that were released.

It is not bad for Bitcoin to have competition, because it keeps the Bitcoin developers on their toes. They have to continuously improve on the features to stay ahead of their competitors. (Example : Tx speed was a problem, to they developed the Lightning Network to improve the tx speed)  

[ethereumhunter]

In my opinion BTC is also a best choice rather than other crypto cause they are such volatile as compared Bitcoin price action. And I am also holding Bitcoin and also crypto and it made me realize that how good investment in Bitcoin. There was a time when I started investing in crypto and also other such coins and that made me lose so much money. And Currently I am recovering from my losses and soon I will be able to generate good income from Cryptocurrency.

Most people will invest in altcoins for a very large amount of money in the beginning they know crypto and only put a small portion of their money in investing in bitcoin. But after some time they see that the value of their investment is not increasing and instead declining, they finally know that only bitcoin will provide high profits in the future. Maybe some altcoins can provide high profits but of the many altcoins on the market, it can be difficult for us to choose one. That is why if we invest in bitcoin, we can expect to get high returns in the future.

[Reatim]

always be the smartest choice but there is a call for diversification because there are some investors that wanted to earn short time so they are betting in fast going projects than bitcoin.
but surely biggest part of their folio are in Bitcoin no doubt in that matter.

[Ojima-ojo]

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.

The Satoshi's aim for Bitcoin was a decentralized alternative and some cryptography that need time to develop on its own,  Bitcoin has given room for the development of blockchain and every other development of alternative cryptocurrencies.

But there is a 100% chance with Bitcoin since Bitcoin is the primary layer of the cryptocurrency industry, so I agree with you on the assumption of Bitcoin being the mother coin to other cryptocurrencies.

[Ebede]

Bitcoin was the first decentralized digital currency, and it has the largest user base and the highest market capitalization of any cryptocurrency.
 the underlying technology behind Bitcoin, known as the blockchain, is secure and transparent, which helps to ensure the integrity of transactions.
Many has tried to copy that or improve that in the past and still trying, but all i see is that, they are failing. For sure BTC is the best. But projects created around the concept of BTC which has helped bitcoin to grow more as they fail to deliver what they promise and bitcoin does it right.

Do you know that why bitcoin is being respected today it is because it is a decentralized currency and sense no person can accept Bitcoin without you giving the password of your own wallet it will make you to know that bitcoin is very highly secretive to hold so the decentralized aspect of Bitcoin is what make the value to be more precious and more unique from other currencies