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Author Topic: What's your favorite crypto;Bitcoin  (Read 804 times)
Aanuoluwatofunmi
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June 12, 2023, 02:48:00 PM
 #21

Everyone into cryptocurrency should be expected to have bitcoin as their most preferred crypto then comes others, there are many reasons one can give to why bitcoin must be the first and ultimate cryptocurrency to choose, because we cannot afford to get scammed or cheated by any means when we are not sure of where we are going in cryptocurrency especially in dealing with new incoming crypto projects, bitcoin has remained the only original and legitimate cryptocurrency to adopt then follow by some few if we are able to take the risk involved in them.

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June 12, 2023, 02:57:56 PM
 #22

People still choose the bitcoin in the end because it's already proven the possible ATH and downs of it, and altcoins most likely follow the price movement of the bitcoin. This is why they keep choose of it, but there's all of the people now are holding bitcoin but in profit wise people still prefer the potential coins that gives them a profit somehow, they are using Bitcoin as one of their safe havens.
In this have the same thinking of investment. We don't settle for only one pot.

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June 12, 2023, 03:06:32 PM
 #23

People still choose the bitcoin in the end because it's already proven the possible ATH and downs of it, and altcoins most likely follow the price movement of the bitcoin. This is why they keep choose of it, but there's all of the people now are holding bitcoin but in profit wise people still prefer the potential coins that gives them a profit somehow, they are using Bitcoin as one of their safe havens.
In this have the same thinking of investment. We don't settle for only one pot.
because there are indeed many alternative crypto assets that we can choose as promising investments. but in the long term, more people will trust Bitcoin. we have to learn from some projects with altcoins they get hype then fall to the bottom. altcoins may potentially provide faster profits. but Bitcoin will give us a feeling of security. it's like you said. we can choose altcoins to trade or invest in a shorter time frame. while Bitcoin we can plan for a longer time.

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June 12, 2023, 03:54:48 PM
 #24

The only few coins that oppose this are either newly launched coins with much hype and after the hype they also follow suit like the other top Alticoins and follow bitcoin.
Yes they are connected through market sentiments and people's trust. What I was trying to say is that internal connections are not there. People believes that the market will move if bitcoin moves. That's why the price of other alts move with it. In terms of technology, they are different from Bitcoin. The fact that Bitcoin is at the top and has created this massive reputation over the years, people thinks it as the mother coin. Thus, if anything happens to it, others will follow. This what people think. This is why the price movements follow the same pattern. But there's still difference between analysis in Bitcoin and other ALTs.

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Actually where I feel bitcoin is kind of connected to other cryptocurrencies because almost all the Alticoins except NFTs created after it are just after addressing one or two issues they feel that bitcoin is lagging. From transaction fee to block size to the mining methods used and none has been able to actual make any significant change without creating a problem too. So bitcoin is connected almost every cryptocurrency in terms of the idea behind its creation but each existing on its own on the blockchain
Bitcoin is not perfect. So if people come up with ideas and fixes, they can create something new. This will follow the sole idea of bitcoin, but the technology and ideals are different. As mentioned above, they are connected through people's beliefs. We have created a connection which is in our mind. When we follow that, that creates the illusion of connectivity between BTC and other ALT coins.
So I do agree that the idea is the same or to improve the existing one. But always remember, ALTS are centralized unlike Bitcoin. So if you keep believing that they are connected and will always follow that, then when they manipulate the market you will take a big L. That's why I am trying to give the right information, so that newbies don't get caught in it.
They are connected, but not like what you think. That's the lesson to learn from here.
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June 12, 2023, 05:13:10 PM
 #25

You are in a community or forum whose name is “Bitcointalk”, so what majority answer are you expecting OP? Like the others my favourite coin is also Bitcoin. The reason is due to it’s price and existence period. It has proven his capabilities and is now widely famous in all the continents. These are also limited in number hence many people trying the best to buy these into their wallets. I am also one of them. So yes due to the various features of Bitcoins, it’s the best and my favourite crypto.

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June 12, 2023, 06:50:41 PM
 #26

There are currently thousands of altcoins or non Bitcoin cryptocurrencies. Generally altcoin prices follow that of Bitcoin. This is because altcoin buyers usually buy Bitcoin with fiat currency to exchange it for their chosen altcoin. But Bitcoin does not cover all cryptocurrencies and also many different altcoins have different uses.

Most of the time though altcoin prices are closely tied to Bitcoin price and closely follow bitcoin. BTC owns more than half of the entire cryptocurrency market. This dominance gives Bitcoin a lot of influence and control. As a result the value of an altcoin is often measured against the price of Bitcoin so if Bitcoin falls, the price of altcoins may fall and conversely if Bitcoin rises the price of altcoins may rise.
Who told you that you have to buy bitcoin with cash to then exchange it in altcoins? You can buy almost every famous altcoin with fiat. Check yourself, go on Binance, hover your mouse on Buy Crypto and you'll see four options of buying methods with 50+ fiat currencies. You can do the same on Coinbase, OKX. You can buy altcoins with fiat through decentralized exchanges like Bisq.

By the way, it's true that people pair their altcoins with bitcoins but what I want to underline here is that it's just a personal choice because as I said, people can easily buy any altcoin with their national currency, they no longer need to convert bitcoin into altcoin.

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June 12, 2023, 11:45:36 PM
 #27

You are in a community or forum whose name is “Bitcointalk”, so what majority answer are you expecting OP? Like the others my favourite coin is also Bitcoin. The reason is due to it’s price and existence period. It has proven his capabilities and is now widely famous in all the continents. These are also limited in number hence many people trying the best to buy these into their wallets. I am also one of them. So yes due to the various features of Bitcoins, it’s the best and my favourite crypto.

some people want to say it again and again even if we know it is obvious choice if you are in this market long time. thousands of alts has been created, abandoned, revived, dumped and yet, we always go back to the original.
just think of the number of times that an alt is created just because they have supreme features as compared to bitcoin. but look at where they are now, forgotten already.

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June 13, 2023, 02:43:22 AM
 #28

Everyone into cryptocurrency should be expected to have bitcoin as their most preferred crypto then comes others, there are many reasons one can give to why bitcoin must be the first and ultimate cryptocurrency to choose, because we cannot afford to get scammed or cheated by any means when we are not sure of where we are going in cryptocurrency especially in dealing with new incoming crypto projects, bitcoin has remained the only original and legitimate cryptocurrency to adopt then follow by some few if we are able to take the risk involved in them.

Bitcoin is original as you said and the only truely decentralized cryptocurency therefore it should be in all individual involved in the cryptocurency market wallets. You don't have to like Bitcoin to invest in it, it's a must own because it controls the whole market. Everything that happens to the cryptocurrency market is because of how Bitcoin is moving. We can't have an altcoins season if Bitcoin isn't doing well itself.

You can have other favorite coins because of the characteristics they have like for example, stablecoin like USDT are some individual favorite cryptocurency as it helps keep their wealth secure when market is dumping but that shouldn't stop you from investing in Bitcoin.

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June 13, 2023, 09:45:32 AM
 #29

People still choose the bitcoin in the end because it's already proven the possible ATH and downs of it, and altcoins most likely follow the price movement of the bitcoin. This is why they keep choose of it, but there's all of the people now are holding bitcoin but in profit wise people still prefer the potential coins that gives them a profit somehow, they are using Bitcoin as one of their safe havens.
In this have the same thinking of investment. We don't settle for only one pot.
because there are indeed many alternative crypto assets that we can choose as promising investments. but in the long term, more people will trust Bitcoin. we have to learn from some projects with altcoins they get hype then fall to the bottom. altcoins may potentially provide faster profits. but Bitcoin will give us a feeling of security. it's like you said. we can choose altcoins to trade or invest in a shorter time frame. while Bitcoin we can plan for a longer time.
Those hypes are the troubles right now and I do not know what's going to happen after that, I know that it is not going to be a big deal right now but that doesn't mean that we should be considering that as "gone", during the bull run that type of hype made a lot of people jump into a lot of coins and most of them ended up losing their money, we shouldn't really be expecting them to change next bull run as well and something could happen.

I am not sure what's going to happen next up, but I do believe that it is not going to be easy. Lets hope that it gets to a point where it is not going to have any importance at all, but that's not the point, it is very important to just focus on how we could warn people against these type of hypes, be cause they will be hurt by it.

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June 13, 2023, 02:09:04 PM
 #30

Cryptocurrency has various digital currencies like altcoin,litecoin,cardano,bitcoin,ethereum.e.t.c

altcoin is not any specific coin. all coins other than btc are called altcoins. You can convert all coins into two category Bitcoin and altcoins.

Quote
My favorite crypto is bitcoin..many economists across the globe have predicted that bitcoin will keep increasing it's value in the coming years


I think 99% crypto investors will like Bitcoin because it is highly trustable and holding by most of the wallet. demand is very high and give you real decentralization. price will increase as many countries,institute,traders are looking to accumulate more btc. price is still low from ATH and we can expect to break ATH in three years


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June 13, 2023, 02:14:48 PM
 #31

Bitcoin is immune to seizure
Bitcoin is decentralized
Bitcoin is fast and easy to use
Bitcoin provides anonymity
Bitcoin is unique in that it has value in the long term but comes with risks if not properly understood how to use it, although many people speak of the advantages of its broad description. There are many risks that need to be understood and it is not as easy as talking numbers when making an investment, the adoption is so widespread today because people are starting to realize that bitcoin is the right way to store value because even if there is a recession or inflation bitcoin is not directly affected and always finds a way to maintain value.

What you need to understand is that bitcoins are not safe if they are stored on an exchange because they are vulnerable to confiscation and causation that occurs due to hacking or other things, bitcoins are safe if someone can store them properly in a safe place and that is why storing bitcoins on an exchange is not a smart move in most cases it has happened before.

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June 13, 2023, 03:42:17 PM
 #32

bitcoin is the first crypto I know, even now lay people I'm sure they won't know the name crypto but they tend to call it bitcoin investment, all coins are considered bitcoin before knowing anything about crypto. so I'm sure everyone's favorite coin is bitcoin, it can't be denied, even bitcoin has always been #1 in the past few years.

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June 13, 2023, 06:23:03 PM
 #33

bitcoin is the first crypto I know, even now lay people I'm sure they won't know the name crypto but they tend to call it bitcoin investment, all coins are considered bitcoin before knowing anything about crypto. so I'm sure everyone's favorite coin is bitcoin, it can't be denied, even bitcoin has always been #1 in the past few years.
That's the case gor most but, its hardly a reason as to why most individuals should peg there reasons being all bitcoin loving or trusting.
Aside from the fact that it is the very pioneer cryptocurrency, the brainchild behind its innovation in the person of Satoshi Nakamoto, staying anonymous after its creation, making it truly decentralise, the intent of it being a means to help people of the world stay out of the government fish net and most of all, the price appreciation along with the securities it offers are a few of the many reasons why you don't just have to pick any other coin out there but bitcoin.
It offers more than you can say for altcoins and every other coin emulates its price action.

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June 13, 2023, 09:56:41 PM
 #34

Cryptocurrency has various digital currencies like altcoin,litecoin,cardano,bitcoin,ethereum.e.t.c
My favorite crypto is bitcoin..many economists across the globe have predicted that bitcoin will keep increasing it's value in the coming years.it has inspired  a revolution like no other,rapidly transforming various aspects of the global economy.it is currently the world's most popular and prominent crypto,recognized and accepted in finance ,manufacturing,real estates,healthcare,travel and retail.
It's adoption is increasingly taking shape in several critical aspects of the society.
Bitcoin works for everyone,rather than having someone at the top,the bitcoin network is based on the consensus of everyone who participates in it.
I so much love bitcoin for the opportunities it has offered the world like;
Bitcoin is permissionless
Bitcoin is immune to seizure
Bitcoin is decentralized
Bitcoin is fast and easy to use
Bitcoin provides anonymity
Bitcoin has rendered freedom,as in financial freedom.The average youth today is interested in bitcoin today not because of it's trendiness,but also to seek financial freedom.
Anyone can take up this course on bitcoin;students from various fields,upcoming engineer's, industrial experts, potential students with an open mind, etc it has been the most dominating crypto for over a decade, and I don't see it stopping anytime soon.it is the most promising investment of our age, and it was not a currency for the government, it is a global currency for the people.
Bitcoin is the future!
Bitcoin is the change!!
Bitcoin cannot be stopped!!!
Cheers to all Bitcoin usersBTC🥂🥂🥂

(OP) yes, you have said it all about the goodies that Bitcoin has become today all over the great wild world I would say Bitcoin has brought no harm but had also brought financial breakthroughs to the world addition of people who do invest in it is the youthful age I tell today because of bitcoin trading there have been less of cybercrime, seating, area hoodlum the street are immaculate out,
And has brought the advantage of learning to the world, maybe there should be a day designated for it as World  Bitcoin Day.
It is high time we all take full accountability for protecting it from  the government sectors. Why does the government have this bad feeling about it till now?Huh?
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June 13, 2023, 10:55:07 PM
 #35

I am a bitcoin believer and it is not that I decided so myself. What I discovered in this cryptocurrency industry is that you will tend to follow the advise or instruction given by others especially in your early days.
I would have accumulated so much bitcoin by now but someone who introduced me to cryptocurrency back then before covid-19 advised me not to buy bitcoin, that bitcoin was expensive (This was when bitcoin was not upto 10k). He rather introduced me to so many shitcoins that I held which never made moves and I lost them all.
It was about 1 year later, when I joined the forum that I understood the true power of bitcoin but then I already missed the bull run. I'm patiently waiting for the next bull run to benefit.

Bitcoin is my favourite crypto, even if it doesn't give mad rewards like altcoins, but when you wake tomorrow, you will be sure to see bitcoin. That's why I love btc.

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June 13, 2023, 11:31:12 PM
 #36

People still choose the bitcoin in the end because it's already proven the possible ATH and downs of it, and altcoins most likely follow the price movement of the bitcoin. This is why they keep choose of it, but there's all of the people now are holding bitcoin but in profit wise people still prefer the potential coins that gives them a profit somehow, they are using Bitcoin as one of their safe havens.
In this have the same thinking of investment. We don't settle for only one pot.
Ofcourse no body is planning to settle for less, targeting a promising project and hitting it when the time finally comes, no room for excuses. Bitcoin is my favorite crypto because it's served big aides to me in the past and present, and I never doubted the project, it's 100% legit. Bitcoin is the answer gotten from the majority, it's never too late to start in bitcoin because it's a top project in the market with high trading volume. It's movement alone influences the movement of other altcoins in the market. 

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June 14, 2023, 12:03:40 AM
 #37

I would have accumulated so much bitcoin by now but someone who introduced me to cryptocurrency back then before covid-19 advised me not to buy bitcoin, that bitcoin was expensive (This was when bitcoin was not upto 10k). He rather introduced me to so many shitcoins that I held which never made moves and I lost them all.

Bitcoin is an excellent investment if you intend to invest in the long term, but this does not mean that there are other investments that are just as good as bitcoin, especially when we are talking about investment. When Bitcoin is in an upward cycle, choosing it is not wise, but you can invest in several alternatives and wait for the price to collapse, which will be the best opportunity to buy and invest in Bitcoin, just as it happened last year when the price was around $15,600.
Instead of just thinking about bitcoin which is perfect for long term investment. There are some good alternatives at certain times, all of this depends on your investment background, information and some other factors. If you do not want to conduct your own research, then DCA is the best strategy for those who do not want to search and take risks.

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June 14, 2023, 12:40:41 AM
 #38

If you ask such a question in a Bitcoin forum, Of course, the majority of the forum member will say their favorite crypto is Bitcoin. It's not like they don't own altcoins. Most of us own altcoins and we use them for various purposes. But, when it comes to my favorite crypto, It's Bitcoin. There is a reason behind it. Bitcoin is the crypto that people trust because of its decentralization. No one will be able to manipulate the market by increasing the supply (Whales can do it by buying or selling a huge amount). Bitcoin price will increase over time. If people understand the concept of Bitcoin, they won't say they like some other coins except for Bitcoin.

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June 14, 2023, 03:56:25 AM
 #39

If you ask such a question in a Bitcoin forum, Of course, the majority of the forum member will say their favorite crypto is Bitcoin. It's not like they don't own altcoins. Most of us own altcoins and we use them for various purposes. But, when it comes to my favorite crypto, It's Bitcoin. There is a reason behind it. Bitcoin is the crypto that people trust because of its decentralization. No one will be able to manipulate the market by increasing the supply (Whales can do it by buying or selling a huge amount). Bitcoin price will increase over time. If people understand the concept of Bitcoin, they won't say they like some other coins except for Bitcoin.
in general people invest in cryptocurrencies, they certainly choose bitcoin to place their main asset. after that with less capital they usually put on altcoins as an option. this is because in cryptocurrency the safest coin is bitcoin, while all altcoins follow the movement of bitcoin, so we must realize that as the basis for securing our money in investing in cryptocurrency. indeed altcoins provide greater profits, but bitcoin provides security in the long run
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June 14, 2023, 05:39:16 AM
 #40

If you ask such a question in a Bitcoin forum, Of course, the majority of the forum member will say their favorite crypto is Bitcoin. It's not like they don't own altcoins. Most of us own altcoins and we use them for various purposes. But, when it comes to my favorite crypto, It's Bitcoin. There is a reason behind it. Bitcoin is the crypto that people trust because of its decentralization. No one will be able to manipulate the market by increasing the supply (Whales can do it by buying or selling a huge amount). Bitcoin price will increase over time. If people understand the concept of Bitcoin, they won't say they like some other coins except for Bitcoin.
Totally, only time that someone would probably say that their favorite crypto besides bitcoin is when they created their own crypto, there's a possibility too that they might even say that they still have bitcoin as their top 1 even if they created their own coin but highly unlikely. Isn't it contradictory that you've said that no one can manipulate the market and at the same time mention whales, these people can literally make waves to the market and in my book, that's market manipulation. Don't discount the fact that no one will have any other answer besides bitcoin, there are outliers out there that might surprise you.
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