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Author Topic: What's your favorite crypto;Bitcoin  (Read 884 times)
Uruhara
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June 14, 2023, 06:15:03 AM
 #41

Of course Bitcoin is my favourite. Just like everyone, of course the majority of users here are bitcoin favorites. Because as far as I've learned the only truly decentralized thing right now is bitcoin. But to be honest I also speculated a lot in altcoins for the short term. But for the long term and safety of my assets then of course I only trust to invest in bitcoin. Even though I'm still new to crypto, I'm really serious about learning it when I have free time on the sidelines of my busy life. and yeah I'm getting more confident with Bitcoin.

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June 14, 2023, 06:16:44 AM
 #42

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.
Let's hope that in future this is maintained and altcoins only if useful should be used for specific uses. But again this is bitcoin forum so the majority of the replies will be biased towards bitcoin. Of course a certain altcoin can be good but keep them limited as much as possible just avoid trying to be a cult or have a narrow vision.

Again for daily uses of the world population bitcoin was designed to fulfill them and it has been doing that till now. It is one of the big reasons why bitcoin became popular along with its high price and community support.

 
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June 14, 2023, 06:27:37 AM
 #43

If everyone is asked what their favorite crypto coin is, everyone will answer without a second thought that their favorite crypto is Bitcoin. In addition to the favorite crypto, if you have to choose the favorite coins among the ALT coins, then the names of the coins like Ethereum, BNB, Matic etc. will come first in the list because these three coins are very popular among the ALT coins.

After Bitcoin, if people prefer any coin these three coins will be in the list of coins. While other ALT coins cannot be trusted, these three coins can be trusted. So if I were to make a list of favorite cryptos, Bitcoin would come first, followed by Ethereum, BNB, Matic, Polkadot, etc.

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June 14, 2023, 06:35:01 AM
 #44

My understanding is, not all cryptocurrencies are like Bitcoin which is also decentralized, because there are others that are centralized like XRP, and XMR it is not like Bitcoin which is decentralized, so you should not think that all crypto is connected to Bitcoin.

Although it's good that you believe in Bitcoin, it's really deep, And besides, in today's time, I actually see a lot of cryptocurrencies that have potential and can also increase when the time of the bull run comes and if I only have a lot of money, I'll buy now for sure these coins, just so of course because my money is also budgeted I prioritize the most potential besides Bitcoin.

You are quite true, not all cryptocurrencies, such as Bitcoin, are decentralized. It's critical to understand that each cryptocurrency has its own distinct design, purpose, and underlying technology. Others may favor scalability, privacy, or other specialized advantages above decentralization. Given the cryptocurrency market's growth potential and bull run, it's logical that you'd want to investigate and invest in currencies other than Bitcoin.

To be precise. Bitcoin is the only true decentralized among all blockchain available because it’s founder is completely anonymous that is proven for more than a decade while other shitcoins that copy Bitcoin footprints is made by developers that trying to replicate Bitcoin just to gain money on it. Even tokens with DAO is still centralized since the team controls the majority of the token that can affect the outcome of the decision made by the team.

Bitcoin is the only coin that is worthy for long term investment and it’s my favorite coin.

Indeed, there are other altcoins that look decentralized but are centralized, there are also others that pretend to be decentralized but show centralizedness, you know what I means.

Honestly, the ones that are known as decentralized cryptocurrencies for me are Ethereum, Tron, Binance, Ada, Solana, Avalanche, Shib, Doge, and others, but the one that I can also say is 100% decentralized is still Bitcoin without a doubt.

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June 14, 2023, 06:38:42 AM
 #45

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.
No. I can't find references and theories from various sources that your statement can be justified.
Bitcoin is never equal to the number of coins that exist in the crypto space.
Maybe I would agree with you if you said that all coins are trying to get better like Bitcoin even though none of them have been able to.
You need to read more so that you can clearly understand Bitcoin and other coins.
Bitcoin is a unique crypto.

 
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June 14, 2023, 06:42:37 AM
 #46

Of course Bitcoin is my favourite. Just like everyone, of course the majority of users here are bitcoin favorites. Because as far as I've learned the only truly decentralized thing right now is bitcoin. But to be honest I also speculated a lot in altcoins for the short term. But for the long term and safety of my assets then of course I only trust to invest in bitcoin. Even though I'm still new to crypto, I'm really serious about learning it when I have free time on the sidelines of my busy life. and yeah I'm getting more confident with Bitcoin.
you position yourself well. because for anyone who is just trying to learn to invest in crypto, then Bitcoin is the most appropriate choice. even if you also have an interest in altcoins, but put more in Bitcoin for the long term. and altcoins for short.
for the short term sometimes when we choose the right altcoin, we can get good returns. it all depends on our skills in analyzing altcoins.



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June 14, 2023, 11:23:52 AM
 #47

I can relate with you about the excitement that I also had when I first came to know about Bitcoin and learned about it, I was stunned by the technology and I suddenly thought of getting involved and here I am today, having a lot of experience of the market and how things happen around here. I also agree with everything you said except for one part where you said it's accepted in a lot of places.

The reality is, Bitcoin, no matter how much adoption it has got, will always have some issues, and for now, its biggest challenge is that it isn't widely accepted as a payment method, and looking at situations around the world, it feels like it won't happen anytime soon.

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June 14, 2023, 03:55:36 PM
 #48

Bitcoin definitely got the love of many people and will continue to have it for a long time. People are reacting as if this is surprising but there is a reason why we love it, it's the best decentralized one. We are not worried about what's going to happen to it, we worry about almost all others and something bad could happen to all others and it could happen within, but nothing bad will happen to bitcoin like that because there is no within.

This means that we get to be trusting to bitcoin easily without worrying about what might happen, so that is why it's the number one ranked coin of all time and it will stay that way. I personally love it and I think it's the best thing we could ever hope for. I am not going to sell my bitcoin before anything else, it's the last resort.

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June 14, 2023, 04:38:25 PM
 #49

Of course Bitcoin is my favourite. Just like everyone, of course the majority of users here are bitcoin favorites. Because as far as I've learned the only truly decentralized thing right now is bitcoin. But to be honest I also speculated a lot in altcoins for the short term. But for the long term and safety of my assets then of course I only trust to invest in bitcoin. Even though I'm still new to crypto, I'm really serious about learning it when I have free time on the sidelines of my busy life. and yeah I'm getting more confident with Bitcoin.
you position yourself well. because for anyone who is just trying to learn to invest in crypto, then Bitcoin is the most appropriate choice. even if you also have an interest in altcoins, but put more in Bitcoin for the long term. and altcoins for short.
for the short term sometimes when we choose the right altcoin, we can get good returns. it all depends on our skills in analyzing altcoins.
Bitcoin is the favorite of everyone who knows crypto. Even initially, they join crypto because of attractive offers to invest in new coins. But once they gain experience, they will find out that Bitcoin is the goal of everyone who comes to crypto.

Those who invest in new coins or altcoins will eventually start investing in Bitcoin because they see that Bitcoin is the main coin in crypto. But those who don't see it will still choose other coins over Bitcoin. So it's up to them and we can stick to our choice to invest in Bitcoin.

But you can also invest in altcoins to increase your profits in crypto because, with many altcoins on the market, that is your chance to earn a lot. But be careful with the number of altcoins because you have to find the right altcoin so that you can benefit.

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June 14, 2023, 05:58:31 PM
 #50

Of course Bitcoin is my favourite. Just like everyone, of course the majority of users here are bitcoin favorites. Because as far as I've learned the only truly decentralized thing right now is bitcoin. But to be honest I also speculated a lot in altcoins for the short term. But for the long term and safety of my assets then of course I only trust to invest in bitcoin. Even though I'm still new to crypto, I'm really serious about learning it when I have free time on the sidelines of my busy life. and yeah I'm getting more confident with Bitcoin.
Also my Favourite cryptocurrency is Bitcoin because this is most well known and well established decentralised cryptocurrency today is Bitcoin. It is admirable that you are investing the time to research cryptocurrency and choose wisely. While short term speculating in altcoins may be alluring it is wise to put your long term asset safety first which is where Bitcoin well established track record shines. You shall grow more convinced of Bitcoin future potential as you continue to invest your leisure time in studying more about cryptocurrencies. Continue learning and researching and may your cryptocurrency journey be fruitful and fulfilling.
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June 14, 2023, 09:50:04 PM
 #51

Cryptocurrency has various digital currencies like altcoin,litecoin,cardano,bitcoin,ethereum.e.t.c
My favorite crypto is bitcoin..
Litecoin, Cardano, Ethereum, and all coins except Bitcoin are Altcoins. So, you don't need to mention it.
But I also agree that Bitcoin becomes the most favorite, and I am sure enough that most people make BTC as the most favoriite cryptocurrency. We cannot deny it, not only because this is the first crypto but also how Bitcoin going on so far, its value, market cap, and also our trust on it. Moreover if this is for long term, indeed no doubt.

But if it is for day trade, sometimes it is different. I will prefer to altcoins that have low price, this is suitable for me because the capital is very small, so tthis is for short term trades. However every decision always bring its own risks. And we mat be able to handle the risks.

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June 14, 2023, 09:54:40 PM
 #52

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.
No. I can't find references and theories from various sources that your statement can be justified.
Bitcoin is never equal to the number of coins that exist in the crypto space.
Maybe I would agree with you if you said that all coins are trying to get better like Bitcoin even though none of them have been able to.
You need to read more so that you can clearly understand Bitcoin and other coins.
Bitcoin is a unique crypto.
Many projects are indeed working hard to outperform Bitcoin when it comes to their profit, and some are able to do this while many are still struggling. Bitcoin is the basis of many tokens and coins, and that’s why the market trend depends on the price of Bitcoin, its very influential and we have to accept it. Bitcoin moves depend on the market scenario, if there’s a lot of good news then expect for the pump but if there’s a lot of issues and fud, better to take profit for now and wait for a cheaper price of the market.

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June 14, 2023, 10:15:55 PM
 #53

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.
No. I can't find references and theories from various sources that your statement can be justified.
Bitcoin is never equal to the number of coins that exist in the crypto space.
Maybe I would agree with you if you said that all coins are trying to get better like Bitcoin even though none of them have been able to.
You need to read more so that you can clearly understand Bitcoin and other coins.
Bitcoin is a unique crypto.
Many projects are indeed working hard to outperform Bitcoin when it comes to their profit, and some are able to do this while many are still struggling. Bitcoin is the basis of many tokens and coins, and that’s why the market trend depends on the price of Bitcoin, its very influential and we have to accept it. Bitcoin moves depend on the market scenario, if there’s a lot of good news then expect for the pump but if there’s a lot of issues and fud, better to take profit for now and wait for a cheaper price of the market.
^ Definitely right, since BTC was created many projects are striving to surpass BTC's profitability, and while some have succeeded, many others are still facing challenges. BTC's position as the foundation for numerous tokens and coins indeed grants it significant influence over the overall market trend. BTC is a leading cryptocurrency and there is no doubt there are a lot of people making a profit from it since the price is very volatile because of the huge demand, it is easy to fluctuate the price every now and then.
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June 14, 2023, 10:52:46 PM
 #54

^ Definitely right, since BTC was created many projects are striving to surpass BTC's profitability, and while some have succeeded, many others are still facing challenges. BTC's position as the foundation for numerous tokens and coins indeed grants it significant influence over the overall market trend. BTC is a leading cryptocurrency and there is no doubt there are a lot of people making a profit from it since the price is very volatile because of the huge demand, it is easy to fluctuate the price every now and then.
Can it really be surpassed?
Some coins that claim to have surpassed BTC even a few years later are no longer in demand and some coins with new blockchains are also still affected by Bitcoin and are not truly decentralized.

Bitcoin still cannot be surpassed if the coins are still semi-centralized.
Volatile prices will certainly be an advantage and disadvantage, but other coins will also be more volatile because all coin movements will be influenced by Bitcoin.

And look now, Bitcoin crashes Altcoin is getting crashed and this proves that Bitcoin cannot be surpassed just like that.

 
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June 14, 2023, 11:06:37 PM
 #55

but if there’s a lot of issues and fud, better to take profit for now and wait for a cheaper price of the market.
That will for sure will make the price cheaper a bit so take advantage of it and start buying. You might miss a lot of those moments that you've already seen because you think that there should be the cheapest price that you should buy.

But you can also invest in altcoins to increase your profits in crypto because, with many altcoins on the market, that is your chance to earn a lot. But be careful with the number of altcoins because you have to find the right altcoin so that you can benefit.
It's hard for those that are new to the market and they might choose the wrong altcoin that's just a pump and dump. That's why in choosing, there should be a dedicated time of researching it before buying.

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June 15, 2023, 03:25:13 AM
 #56

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.
When it comes to cryptocurrencies that are the most preferred or most in demand by crypto investors, I'm sure almost all users will agree, that bitcoin is the most popular. Because of questions like this, I think the answer is clear, that bitcoin is indeed the king of crypto, therefore all crypto users also definitely like it. Because bitcoin does have many advantages that other cryptos (altcoins) don't have. I personally also decided to join this crypto investment and trade, because initially I was only interested in bitcoin. So the question you are asking, actually there is no need to ask, because the answer is certain that the majority choose bitcoin. Because bitcoin is number one and has no equal in the world of crypto assets. And as you wrote, bitcoin has now become a very valuable asset in the world, and is widely used in various ways. Therefore, there is no need to be surprised and doubtful if bitcoin price predictions in the coming years will increase. Because it is certain that the number of bitcoin investors will increase every year, and this will certainly affect the price of bitcoin towards increasing prices.

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June 15, 2023, 03:47:13 AM
 #57

Of course Bitcoin is my favourite. Just like everyone, of course the majority of users here are bitcoin favorites. Because as far as I've learned the only truly decentralized thing right now is bitcoin. But to be honest I also speculated a lot in altcoins for the short term. But for the long term and safety of my assets then of course I only trust to invest in bitcoin. Even though I'm still new to crypto, I'm really serious about learning it when I have free time on the sidelines of my busy life. and yeah I'm getting more confident with Bitcoin.
Also my Favourite cryptocurrency is Bitcoin because this is most well known and well established decentralised cryptocurrency today is Bitcoin. It is admirable that you are investing the time to research cryptocurrency and choose wisely. While short term speculating in altcoins may be alluring it is wise to put your long term asset safety first which is where Bitcoin well established track record shines. You shall grow more convinced of Bitcoin future potential as you continue to invest your leisure time in studying more about cryptocurrencies. Continue learning and researching and may your cryptocurrency journey be fruitful and fulfilling.
Thank you guys for the prayers. And I hope you can also get success and always benefit from cryptocurrencies. And yes, I also feel safe with my investment in bitcoin. Because I also really became more confident after learning bitcoin more and more. Even though today the correction happened again, it didn't make me too surprised. And it's another opportunity that I have to take advantage of to re-accumulate from this point.

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irhact
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June 15, 2023, 05:40:28 AM
 #58

The reality is, Bitcoin, no matter how much adoption it has got, will always have some issues, and for now, its biggest challenge is that it isn't widely accepted as a payment method, and looking at situations around the world, it feels like it won't happen anytime soon.

The fact that Bitcoin isn't perfect is what make me love it more, the imperfections of Bitcoin means there's room for improvement and when those improvements comes, Bitcoin will benefits more from adoption to price appreciation and that means we're still early as investors. The high fees is one of the problem Bitcoin has and if that doesn't get resolved then adoption will become a problem.

Bitcoin isn't perfect but that's okay and still it has to be the favorite cryptocurency in the market because with Bitcoin you can be guaranteed of no issue from the Security and exchange commission calling it a security as they just called some tokens security last week.

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June 15, 2023, 06:27:30 AM
 #59

No. I can't find references and theories from various sources that your statement can be justified.
Bitcoin is never equal to the number of coins that exist in the crypto space.
Maybe I would agree with you if you said that all coins are trying to get better like Bitcoin even though none of them have been able to.
You need to read more so that you can clearly understand Bitcoin and other coins.
Bitcoin is a unique crypto.
Many projects are indeed working hard to outperform Bitcoin when it comes to their profit, and some are able to do this while many are still struggling.
Only the claim of one party that their achievements were able to outperform Bitcoin and for me it was not a category of capable.
For example Vitalik as a co-founder Ethereum.
Recently Vitalik said that Ethereum failed because every transaction worth $3.75 ($82.48 If we have another bull run), and every product aimed at mass market must forget the chain and adopt a centralized solution for all[1].

According to Vitalik's explanation, one of his failure points related to the smart contract wallet from 3 important transitions according to him.
Then how all coins including Ethereum outperformed Bitcoin.

[1]. https://cointelegraph.com/news/vitalik-buterin-ethereum-fails-without-these-three-transitions

Bitcoin is the basis of many tokens and coins, and that’s why the market trend depends on the price of Bitcoin, its very influential and we have to accept it. Bitcoin moves depend on the market scenario, if there’s a lot of good news then expect for the pump but if there’s a lot of issues and fud, better to take profit for now and wait for a cheaper price of the market.
Regarding prices, on average people can judge and answer themselves.

 
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June 15, 2023, 10:47:48 AM
 #60

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.
When it comes to cryptocurrencies that are the most preferred or most in demand by crypto investors, I'm sure almost all users will agree, that bitcoin is the most popular. Because of questions like this, I think the answer is clear, that bitcoin is indeed the king of crypto, therefore all crypto users also definitely like it. Because bitcoin does have many advantages that other cryptos (altcoins) don't have. I personally also decided to join this crypto investment and trade, because initially I was only interested in bitcoin. So the question you are asking, actually there is no need to ask, because the answer is certain that the majority choose bitcoin. Because bitcoin is number one and has no equal in the world of crypto assets. And as you wrote, bitcoin has now become a very valuable asset in the world, and is widely used in various ways. Therefore, there is no need to be surprised and doubtful if bitcoin price predictions in the coming years will increase. Because it is certain that the number of bitcoin investors will increase every year, and this will certainly affect the price of bitcoin towards increasing prices.
It is crucial to recognise that the cryptocurrency industry is broad and dynamic even though Bitcoin has cemented its position as the top cryptocurrency and enjoys great appeal among investors. Even though Bitcoin continues to dominate other cryptocurrencies have gained popularity and developed their own distinctive value propositions. Since there are many alternative cryptocurrencies that provide cutting edge technologies and prospective investment opportunities it is crucial for investors to investigate the larger crypto ecosystem. Beyond Bitcoin diversifying one portfolio can expose investors to other initiatives and raise the likelihood of long term rewards. Investors can manage the dynamic market and make decisions that are in line with their financial objectives by being informed and open to new cryptocurrencies.
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