What's your favorite crypto;Bitcoin

[KingsDen]

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.

Yea, this is right. It was of recent that I discovered this strategy that someone I know uses. Unlike the idea of HODL we hold esteem in the forum, he doesn't hold bitcoin for long. While I will be holding bitcoin and not bother of the price because I am on a long term plan, he will leave bitcoin for altcoins and whenever bitcoin falls, he will sell altcoins and buy bitcoin and hold. But then he doesn't also hold the bitcoin for long but he sells when bitcoin makes significant increase like from 20k to 25k.

I asked him why his method and he told me that he makes money doing this far more than what I will make holding bitcoin for 2 or 3 yrs. According to him, he makes money in the altcoins and also in bitcoin by selling and rebuying low, unlike me whose bitcoin grows and falls back in my wallet.

[Bitcoin_people]

Bitcoin is a virtual asset loved by everyone and everyone invests in it. I prefer and prefer bitcoin to all other crypto coins. Because Bitcoin is a coin that has a near future. If we want to invest in a virtual currency, there are definitely many risks. But investing in bitcoins is safe as there is no risk of losing money. and if Bitcoin is to be a long-term investment then it will be a great and profitable one in the future. If people want to invest for long term with faith then surely they choose Bitcoin. By investing in Bitcoin there is never a fear of losing money rather one can expect good profits from Bitcoin in the future.

[Inwestour]

Yea, this is right. It was of recent that I discovered this strategy that someone I know uses. Unlike the idea of HODL we hold esteem in the forum, he doesn't hold bitcoin for long. While I will be holding bitcoin and not bother of the price because I am on a long term plan, he will leave bitcoin for altcoins and whenever bitcoin falls, he will sell altcoins and buy bitcoin and hold. But then he doesn't also hold the bitcoin for long but he sells when bitcoin makes significant increase like from 20k to 25k.

I asked him why his method and he told me that he makes money doing this far more than what I will make holding bitcoin for 2 or 3 yrs. According to him, he makes money in the altcoins and also in bitcoin by selling and rebuying low, unlike me whose bitcoin grows and falls back in my wallet.

I don’t quite understand the moment with the sale of altcoins when bitcoin falls, because I see how much altcoins depend on bitcoin, if bitcoin falls, then altcoins fall even more, it was very clear a few days ago.

If we talk about bitcoin trading, then the results compared to hold will be different for different people, and this will depend on how good a trader you are, because if we are talking about day trading, or medium-term trading, then statistics tell us that among them there are not many successful traders.

I believe that the greatest benefit from bitcoin can be obtained by taking into account its cyclical nature, accumulating your position in a bear market and taking profits in a bull market, and buying bitcoin again in the subsequent bear market. This requires patience and discipline, without which nothing will work.

[justdimin]

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.

The only possible positive thing about alts is that bitcoin will not go 10x easily, and won't go 100x, that's just not looking like possible or at least not right now. There will be "some" alts that will go 100x in the future, I do not know which ones and that's the trouble, one day we will see one where the top is 100x higher than the bottom price and we will wish we bought it.

The risk however is that if you keep investing into them, then you will think that you will know at least one of them right and most of them will be wrong and you will lose money instead. This is why it's much more important to just focus on how you could make a profit based on known coins and not risk it on alts that may go up or crash, I feel like I would always pick the wrong one so I stay away from it.

[Lida93]

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

Is there any coin by the name altcoin? Or is it just an error from OP. I would be glad to be enlightened because from  what I know by altcoin is the acronym for alternative coin which is coins other than bitcoin.

The recognition and wide acceptance of bitcoin by both individuals and governments like El Salvador, Central African Republic (CAR), is not unconnected to the feat that bitcoin as a digital currency among other digital currencies has been able to keep up in the lead of all cryptocurrency in the world for the more than a decade now and still counting. The freedom and control it gives you as an individual, alone, over your funds without external intrusion through regulations and policies as it is with the government fiat is something anybody that is so much interest in his financial security and privacy wouldn't think twice to embrace. For what is worth it there's something for anyone from bitcoin starting from fast transacts, security/privacy, financial freedom, decentralization, increasing value etc.

[Litzki1990]

Bitcoin seems to me to be the safest crypto currency. I can trust bitcoin but not so much on some others. I think Bitcoin will never disappear from the market and those who have invested in Bitcoin are really lucky to have invested in Bitcoin.  Because I believe the price of Bitcoin is going to get a huge pump soon. As there is a possibility of Bitcoin pumping, those who invest during this period can expect to make good profits during the pumping period. Considering the current and past statistics or situation, I think the future of Bitcoin is very good.

[KingsDen]

Yea, this is right. It was of recent that I discovered this strategy that someone I know uses. Unlike the idea of HODL we hold esteem in the forum, he doesn't hold bitcoin for long. While I will be holding bitcoin and not bother of the price because I am on a long term plan, he will leave bitcoin for altcoins and whenever bitcoin falls, he will sell altcoins and buy bitcoin and hold. But then he doesn't also hold the bitcoin for long but he sells when bitcoin makes significant increase like from 20k to 25k.

I asked him why his method and he told me that he makes money doing this far more than what I will make holding bitcoin for 2 or 3 yrs. According to him, he makes money in the altcoins and also in bitcoin by selling and rebuying low, unlike me whose bitcoin grows and falls back in my wallet.

I don’t quite understand the moment with the sale of altcoins when bitcoin falls, because I see how much altcoins depend on bitcoin, if bitcoin falls, then altcoins fall even more, it was very clear a few days ago.

Let me explain again. I understand that it will be confusing in the context that I explained it. Let me use for instance we have been in the bear market for long and people who bought bitcoin in this bear period would have to hold until during halving when we will have another ATH.
But some persons will not buy bitcoin and hold throughout the bear period. Rather they will be trading with Altcoins and when the bull run is very close or when bitcoin is on very large discount, they will now enter the bitcoin market having made also so much money trading altcoins for months or years. I believe you will understand this better.

[Dr.Bitcoin_Strange]

Bitcoin is a virtual asset loved by everyone and everyone invests in it.

In all your journey through the crypto space, have you found out anywhere that Bitcoin is loved by everyone or invested in by everyone? Do you have statistics to back that up? Even at present, you know that Bitcoin is banned in some countries, and the U.S. government, trying to crack down on the use of cryptocurrency. So, you just need to be aware that there are still quite a lot of people who disagree with Bitcoin.

What I'm specifically referring to is a case like "How to fight with FUD about Bitcoin"

I can even agree that the rate of people worldwide who have not invested in Bitcoin is greater than the number of people who have already invested in Bitcoin (anyone correct me if I am wrong). So, I really disagree with what you said.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[borovichok]

Bitcoin seems to me to be the safest crypto currency. I can trust bitcoin but not so much on some others. I think Bitcoin will never disappear from the market and those who have invested in Bitcoin are really lucky to have invested in Bitcoin.  Because I believe the price of Bitcoin is going to get a huge pump soon. As there is a possibility of Bitcoin pumping, those who invest during this period can expect to make good profits during the pumping period. Considering the current and past statistics or situation, I think the future of Bitcoin is very good.

The one thing I know about bitcoin's operation is that it has a promising future. Every project has its ups and downs, and bitcoin is no exception. We can't say for certain that bitcoin will vanish from the market, but to be on the safe side, always prepare your mind for the worst; the crypto field is full of horrific incidents. However, let us concentrate on bitcoin because it is broad and reliable, unlike projects that pump and dump within a month or a week. Bitcoin has always been present, and the project has maintained equilibrium during both critical bear seasons and beneficial bull periods.

[Cling18]

Bitcoin seems to me to be the safest crypto currency. I can trust bitcoin but not so much on some others. I think Bitcoin will never disappear from the market and those who have invested in Bitcoin are really lucky to have invested in Bitcoin.  Because I believe the price of Bitcoin is going to get a huge pump soon. As there is a possibility of Bitcoin pumping, those who invest during this period can expect to make good profits during the pumping period. Considering the current and past statistics or situation, I think the future of Bitcoin is very good.

The one thing I know about bitcoin's operation is that it has a promising future. Every project has its ups and downs, and Bitcoin is no exception. We can't say for certain that Bitcoin will vanish from the market, but to be on the safe side, always prepare your mind for the worst; the crypto field is full of horrific incidents. However, let us concentrate on Bitcoin because it is broad and reliable, unlike projects that pump and dump within a month or a week. Bitcoin has always been present, and the project has maintained equilibrium during both critical bear seasons and beneficial bull periods.

We've seen how Bitcoin changed and develop to become a top currency. It will never be a top and most trusted cryptocurrency for nothing. I agree that it's the safest coin that we could invest in especially if we are targeting a long-term investment. There are lots of coins that attempted to be like Bitcoin and reach the same achievements that it has reached but none of them succeeded. Bitcoin, compared to other coins has a stronger and well-established foundation and we can firmly rely on its potential only if we'll only be patient enough to wait for the bullish season.
Many investors who have doubted Bitcoin before have switched to investing in it after they have seen how it could resist and survive in every market situation. If you are a risk taker, it will all be worth it if you'll risk with Bitcoin.

[petulino]

Bitcoin is a virtual asset loved by everyone and everyone invests in it. I prefer and prefer bitcoin to all other crypto coins. Because Bitcoin is a coin that has a near future. If we want to invest in a virtual currency, there are definitely many risks. But investing in bitcoins is safe as there is no risk of losing money. and if Bitcoin is to be a long-term investment then it will be a great and profitable one in the future. If people want to invest for long term with faith then surely they choose Bitcoin. By investing in Bitcoin there is never a fear of losing money rather one can expect good profits from Bitcoin in the future.

There is no doubt that Bitcoin is the favorite crypto currency of all people and it is the desire of every person, that he has Bitcoin in his wallet. Bitcoin has its own importance but because of Bitcoin you can't ignore other altcoin.There are many good and strong projects in the market right now which have given huge returns to people in the past, and for the upcoming bull season too, there are projects that can be expected to yield huge returns.

I also agree with you that our capital is more secure in Bitcoin, but Altcoins in the market also have the chance of huge profits. So in my opinion, along with investing in Bitcoin, you should invest in good and strong coins in the market.

There is risk in small coins but a small amount of risk should be taken for high returns, but if you have chosen good coins, you can minimize your risk.

[dunfida]

Bitcoin seems to me to be the safest crypto currency. I can trust bitcoin but not so much on some others. I think Bitcoin will never disappear from the market and those who have invested in Bitcoin are really lucky to have invested in Bitcoin.  Because I believe the price of Bitcoin is going to get a huge pump soon. As there is a possibility of Bitcoin pumping, those who invest during this period can expect to make good profits during the pumping period. Considering the current and past statistics or situation, I think the future of Bitcoin is very good.

The one thing I know about bitcoin's operation is that it has a promising future. Every project has its ups and downs, and Bitcoin is no exception. We can't say for certain that Bitcoin will vanish from the market, but to be on the safe side, always prepare your mind for the worst; the crypto field is full of horrific incidents. However, let us concentrate on Bitcoin because it is broad and reliable, unlike projects that pump and dump within a month or a week. Bitcoin has always been present, and the project has maintained equilibrium during both critical bear seasons and beneficial bull periods.

We've seen how Bitcoin changed and develop to become a top currency. It will never be a top and most trusted cryptocurrency for nothing. I agree that it's the safest coin that we could invest in especially if we are targeting a long-term investment. There are lots of coins that attempted to be like Bitcoin and reach the same achievements that it has reached but none of them succeeded. Bitcoin, compared to other coins has a stronger and well-established foundation and we can firmly rely on its potential only if we'll only be patient enough to wait for the bullish season.
Many investors who have doubted Bitcoin before have switched to investing in it after they have seen how it could resist and survive in every market situation. If you are a risk taker, it will all be worth it if you'll risk with Bitcoin.

It wont really be sitting on top rank or #1 in overall market if it wasnt that favorite or been supported. Although we do see that there are lots of projects on which we can say that it is much more better with Bitcoin

in terms of features and other aspects on which we do mostly seeing this on top altcoins on which it would really be understandable on having that way but still it do able to manage on remaining on top spot,
which significantly means that the demand and community recognition would be the most powerful thing that would determine whether a project would be valuable or not.
Being the first cryptocurrency does hold off that kind of name or title which it would instill on most peoples mind on which it would be that common sense that they would really be that
mainly supporting it.

[TheUltraElite]

This is a bitcoin forum and thus the comments will be biased towards bitcoin.

I think the term favorite here is used loosely, because we are here to see bitcoin as a mode of transaction and an asset, not like a team who we are supporting. As per as price changes and bullish trends are concerned, bitcoin has made the largest round and therefore it is the crypto users first choice when asked for a asset class to invest in.

Most altcoins have failed to demonstrate what bitcoin has done in terms of decentralization and censorship-resistance, they also havent brought anything new to make them stand out.

[usekevin]

Not all the people buying bitcoin for your information.Some people get rich by buying the altcoin itself.Because the profit percentage is more on altcoin sometimes,because the price of altcoin is very low to bitcoin.So to the half the price of bitcoin,you can buy maximum amount of bitcoin for your future.Buying the good coins at the ICO is all the better option.Bullish market will get more profit then expected in altcoin.

[Bananington]

My favorite has always been BTC. I understand it's workings and implementation better than any other currency out there.
BTC has a proven track record of stability and even as we expect the halving for next year, the confidence in this particular crypto is stronger than it has been.
Am only considering investment in other cryptocurrencies because of my pals and friends who have made advancement in that area. I am not one to have friends with people who don't think alike, hence my current friends who have interest in BTC and other altcoins in general are the best brokers I have when it comes to investment in crypto currency.

I love BTC. I have instinct built up on this that I could be sleeping and have a possible thought of market trend invariably going to run concurrent to the current trend. That's when I'd buy or HoDL till necessary.

[Uruhara]

Not all the people buying bitcoin for your information.Some people get rich by buying the altcoin itself.Because the profit percentage is more on altcoin sometimes,because the price of altcoin is very low to bitcoin.So to the half the price of bitcoin,you can buy maximum amount of bitcoin for your future.Buying the good coins at the ICO is all the better option.Bullish market will get more profit then expected in altcoin.

If it's a matter of getting much bigger profits in a faster timeframe then of course Altcoins are the answer. but with a much greater risk of course. I also have that thought. But still, when talking about favorite coins, it's still bitcoin. because as far as I'm concerned currently only bitcoin is truly decentralized. while altcoins I think everything is almost close to a centralized system. Bitcoin and altcoins both have their respective roles and their respective enthusiasts. but the majority favorite definitely remains bitcoin. proven by looking at the market cap owned by bitcoin.

[lunnatic]

Not all the people buying bitcoin for your information.Some people get rich by buying the altcoin itself.Because the profit percentage is more on altcoin sometimes,because the price of altcoin is very low to bitcoin.So to the half the price of bitcoin,you can buy maximum amount of bitcoin for your future.Buying the good coins at the ICO is all the better option.Bullish market will get more profit then expected in altcoin.

When investing in the right altcoins, it will provide big profits too,
basically investing in Bitcoin or altcoins is just as profitable and it depends on the choice of each,
when bullish then it is a good time to sell.

[Rupok]

I also personally like Bitcoin and I think Bitcoin investment is very safe.Bitcoin is performing better than any other currency, but there is considerable interest in BTC and Ultra Coin among investors.I think bitcoin will go far in the future.  If anyone is considering investing in cryptocurrency, I prefer Bitcoin.

In fact, any cryptocurrency is tied to bitcoin, so I don’t see much difference here. I think many people understand this.

I don't think that statement of yours is correct. Other cryptocurrencies are not related to Bitcoin. They have their own blockchain and their functionality is different from Bitcoin. If you are referring to the price movement that other crypto follows with bitcoin's price movements. You are wrong there too. This happens totally because of the sentiments that traders have over Bitcoin. Bitcoin is here with us for over a decade. And not just that, it is still on the top of the list. So obviously, if anything happens to it, people's sentiments will follow that too. Thus, it will create a chain effect and fear amongst everyone in example where bitcoin's price falls, others will think that as a major red flag for the whole crypto market and will treat other crypto as the same.

So the point is, Bitcoin is not connected to other cryptocurrencies. It's us who take the decision based on bitcoin's movement. You can find many crypto moving the direct opposite direction than Bitcoin. I think that is enough proof to justify my statement. Try to research more and expand your knowledge.

I think altcoin prices follow bitcoin prices.  Since the price of Bitcoin in the market goes down, the price of the altcoins goes down.  It is easy to understand that altcoins follow Bitcoin price and movements.

[tygeade]

The only possible positive thing about alts is that bitcoin will not go 10x easily, and won't go 100x, that's just not looking like possible or at least not right now. There will be "some" alts that will go 100x in the future, I do not know which ones and that's the trouble, one day we will see one where the top is 100x higher than the bottom price and we will wish we bought it.

The risk however is that if you keep investing into them, then you will think that you will know at least one of them right and most of them will be wrong and you will lose money instead. This is why it's much more important to just focus on how you could make a profit based on known coins and not risk it on alts that may go up or crash, I feel like I would always pick the wrong one so I stay away from it.

That's why not a lot of us invest into all those small things, sure they brought in money but most of them taking money out of bitcoin as well, which means there is a reason why bitcoin won't go 10x easily, because there are tens of thousands of other tokens that we invest into instead of bitcoin.

Do you know how much higher bitcoin would be today if we decided to just keep the top 100 and all the rest of the tokens and coins just gone, fully gone, and all the money in them go directly to bitcoin? We would be breaking ATH after ATH for bitcoin today. This is why I think the "possibility" which is like 0.001% of the coins/tokens created, is not really a good idea for an investment, I would rather keep it in bitcoin instead, much more reliable.

[irhact]

The one thing I know about bitcoin's operation is that it has a promising future. Every project has its ups and downs, and bitcoin is no exception. We can't say for certain that bitcoin will vanish from the market, but to be on the safe side, always prepare your mind for the worst; the crypto field is full of horrific incidents. However, let us concentrate on bitcoin because it is broad and reliable, unlike projects that pump and dump within a month or a week. Bitcoin has always been present, and the project has maintained equilibrium during both critical bear seasons and beneficial bull periods.

The reasons those project pump and dump is because they get over hype when they get launched and many investor rush to buy the tokens hoping to get profits but when they realized the project isn't what they claim it to be, they start selling and dumping the price down. Altcoins are known to use influence to shill their project when they don't have those things they're been hyped for.

We have to be careful if we want to invest in altcoins because most of them won't make it into the bull market and that's because they don't have the trust of the community. Bitcoin is trusted and it has proven to be a trusted project and that's why you should choose to invest in it.