It is only Bitcoin and nothing else

[CryptoHeadlineNews]

I was going through coinmarketcap today to see some of the cryptocurrencies I was involved in when I started, I was so surprised to see that a lot of them have even been delisted. I was heartbroken seeing that some tokens who raised millions of dollars, had huge community and were trending even in various platforms just died. I wanted to not mention any particular token but I have to mention PumaPay that raised about $8 million yet could not deliver anything and got investors holding a bag of shit.

It's good you were able to notice this yourself about how risky it could be investing in altcoins rather than Bitcoin, because imagine, had it been you had funds in those coins that got delisted, does that mean that's how you should have lost all your funds? So this should be a lesson to everyone to know that a coin investment are always just like gambling, and as such, you should always endeavor to invest an amount you can always afford to lose at all times.

[1715347192]

1715347192

[irhact]

If one can turn back the hand of time, and assuming I joined this forum early when I started my crypto journey, maybe the concept of shitcoins would have dawn on me and that would have made me convert those worthless bags to Bitcoin when I could.

This isn't a new problem as new individual that get introduced into the market will still fall for the scams of altcoins because they have very attractive offers that looks too good for newbies to pass. Many individual has been in your position and made same mistakes but took corrections on time and that's why it's good to always be around other experience individual so you can learn from them. Your thread will help others joining the forum to invest only in Bitcoin.

Scammers are using altcoins to steal from investors as they don't have any plans to build any projects that they'll promise on the white paper of the project but only interested in collecting money from inexperienced investors and running away to live luxury lifestyle.

[Ayers]

If one can turn back the hand of time, and assuming I joined this forum early when I started my crypto journey, maybe the concept of shitcoins would have dawn on me and that would have made me convert those worthless bags to Bitcoin when I could.

Altcoins are shitcoins and they are very risky for investors. Buying top altcoins does not help to reduce risk too much if altcoin investors want to hold those shitcoins for long time like Bitcoin. If they believe those top altcoins can help them rich, they are wrong and are going to make a terrible investment mistake.

Don't buy altcoins because they are top altcoins is my topic to warn cryptocurrency newbie investors about it.
Visit Coinmarketcap and check its Cryptocurrency Historical Data Snapshot to see how top altcoins can die with time.

I agree with you that topcoins do not guarantee us and for me the altcoin market is more like gambling. So my opinion about altcoins is that when investing in altcoins we should avoid investing in old projects and only invest when the price increase season comes, we should only invest in new projects and only invest in the short term. But there is one exception altcoin, which is ETH. How do you evaluate Ethereum? It is also an altcoin and is even known as the buying king of altcoins. I don't think ETH is a shitcoin because no shitcoin can exist and develop as sustainably as ETH.

[Texac]

You shouldn't dwell on regrets, as what has happened is already in the past and cannot be changed. Instead, focus your attention more on Bitcoin than other crypto as many of them, as you mentioned are considered "shit coins." To be honest, Bitcoin is the dominant force in the market and the strongest crypto.

I won't deny that I hold various other crypto on my CEX, but I don't often invest in them anymore. Lately, I've been primarily investing in Bitcoin and holding it for the long term.

Yeah menh regrets never make anything better it just worsen this case of everything and always put you on a down spirit because you Begin to wonder why you really did or took the decision you took without thinking of way forward to actually solve the problem at hand. Well investing in other coins are at very risk but what's life without risk as life itself is a risk and I think only risk takers actually make it in life but however it's important to be wise when risking so I just buy or rely on this altcoins when the bull market comes because at that time it's easy to make significant amount of profits from some these altcoins that tend to follow up Bitcoin in the uptrend of the crypto market

Indeed, investing in altcoins is not bad at all but we need the right time to invest in them and when the bull season comes or during the bull season is a good time to invest in altcoins. 

I don't deny that altcoins are risky and mostly scams but honestly, I prefer a diverse market rather than just monopolistic and boring.  altcoins are risky but they offer better returns than bitcoin so investing in them is not a complete disadvantage.  if we choose the right project then we can get huge profits that today's bitcoin will never be able to do.

[Reatim]

I was going through coinmarketcap today to see some of the cryptocurrencies I was involved in when I started, I was so surprised to see that a lot of them have even been delisted. I was heartbroken seeing that some tokens who raised millions of dollars, had huge community and were trending even in various platforms just died. I wanted to not mention any particular token but I have to mention PumaPay that raised about $8 million yet could not deliver anything and got investors holding a bag of shit.

Never rely in a project that gathered million dollars and yet you  believe there is a future?
just because they collected 8 million dollars it is a legit project because you don't know that the amount just comes from the team to fool people that they earned too much from the investors but the truth is? they are the one who invested on it.
sorry for your losses mate but you should have checked your funds constantly , because some of them may be used as pump  and dump.
so  you can take them out instantly before it dumped back .

holding altcoin is very risky. the safest altcoins that I trust are only ETH, BNB, TRX and FTM. i don't hold altcoin for long term because there is no guarantee that the company behind it will survive. I only buy it because it provide big volatility, sometime the price change is bigger than btc so I gain profit from it in trading but my exit point always in btc or fiat.

are you sure on Binance? maybe better to check the issue now and decide, because you might lose the momentum if the urging happens from the SEC.

[usekevin]

Have you heard about the Youc project,it was one of the big project.Which was used by the forum people to earn good money and project itself good value one,many people gained huge money who had their investment in the YOUC project.Mean while many shit coins was originated in the same period.Some people loss their money in the shit project too.So every periodic time period both good and evil project will survive.It’s trader responsibility to choose the good project compared to the evil one.The background verification was essential one to get escape from it.

[CageMabok]

Indeed, investing in altcoins is not bad at all but we need the right time to invest in them and when the bull season comes or during the bull season is a good time to invest in altcoins. 

This means only considering a certain time when we want to bring money into altcoins, because altcoins are not suitable for long-term investments like what many people do through Bitcoin. So altcoins are only used when there are good moments, because all altcoins are very different from Bitcoin which is basically good enough and suitable for long-term investment.

I don't deny that altcoins are risky and mostly scams but honestly, I prefer a diverse market rather than just monopolistic and boring.  altcoins are risky but they offer better returns than bitcoin so investing in them is not a complete disadvantage.  if we choose the right project then we can get huge profits that today's bitcoin will never be able to do.

This is certainly not a matter of right or wrong when you want to invest, but it is related to the matter of getting more profits. So there is nothing wrong for someone who wants to put their money into an altcoin that they like as long as the return can be greater even though the risk is always there. This means that as long as it can be very profitable, there is no harm in doing it, especially if some people really like putting money in lots of places so they will feel bored if they only put it in one place.

[posi]

Have you heard about the Youc project,it was one of the big project.Which was used by the forum people to earn good money and project itself good value one,many people gained huge money who had their investment in the YOUC project.Mean while many shit coins was originated in the same period.Some people loss their money in the shit project too.So every periodic time period both good and evil project will survive.It’s trader responsibility to choose the good project compared to the evil one.The background verification was essential one to get escape from it.

I don't know about the project you are talking about, but there are many projects that bring profits to investors, not just bitcoin. But the thing is that altcoin projects have a very short lifespan and are more suitable for speculation than long-term investment. People who lose money from altcoins are mostly too greedy, they want to make more profits but in the end they lose everything. Whether it's bitcoin or any altcoin, there will be winners and losers, no investment will help everyone win win. For the winners, they see it as an opportunity and take full advantage of it, and for the losers, they call it a scam.

[Moreno233]

If one can turn back the hand of time, and assuming I joined this forum early when I started my crypto journey, maybe the concept of shitcoins would have dawn on me and that would have made me convert those worthless bags to Bitcoin when I could.

I know there are other who would have similar experience too and there are still others caught up in the euphoria of getting rich through one token or the other. Well, if it is not Bitcoin, it is not worth holding.

They say, not only can holding bitcoin get big profits, holding altcoins can also give big returns when a bull market occurs.

If you put this into percentages, you will see that the percentage of making good return on investment for altcoin is very small. If you want to experience real pain, try to put all your investment funds in altcoins and see how well you go.


There is a pattern that many people use and that is spreading their capital among trending low cap altcoins. For instance, if they have $10,000 for investment, they can decide to spread it among ten altcoin with huge marketing and hype and pray for at least one or two to "go to the moon" like they love to put it. This, sometimes work for them as the profit of two or three of them can cover the losses incurred in the others that failed and overall, they will make profit.

Even though this seems reasonably smart, I see it as gambling because it is possible the ten altcoins can fail because the percentage of failure for altcoin is as high as 95%or even more.

[Texac]

I don't deny that altcoins are risky and mostly scams but honestly, I prefer a diverse market rather than just monopolistic and boring.  altcoins are risky but they offer better returns than bitcoin so investing in them is not a complete disadvantage.  if we choose the right project then we can get huge profits that today's bitcoin will never be able to do.

This is certainly not a matter of right or wrong when you want to invest, but it is related to the matter of getting more profits. So there is nothing wrong for someone who wants to put their money into an altcoin that they like as long as the return can be greater even though the risk is always there. This means that as long as it can be very profitable, there is no harm in doing it, especially if some people really like putting money in lots of places so they will feel bored if they only put it in one place.

Many bitcoin investors criticize traditional investors as stubborn, outdated, and call bitcoin a scam or just an asset with no real value.  but they don't look back at themselves, they are still as stubborn as traditional investors in asserting that bitcoin is the most valuable investment and altcoins are useless. 

You are right, there is no right or wrong here, it's all up to each person's choice.  altcoin is good or bad, profitable or not, the community knows, not just a few individuals saying it is useless, meaning it will be useless.  i even made a big profit on altcoins in 2021, just because they don't make a profit on it and they think it's useless.  so funny.

[KiaKia]

Since you brought this up, I could name multiple tokens, but allow me to share my personal experience.

I bought ETH in 2018 and kept it until 2020 when I switched to Bitcoin ONLY.

I made some money with ETH (not a lot). But thinking about it now, I would never do this again. With Bitcoin I have learnt to appreciate valuable assets in life. All those trendy, heavily marketed scams must be avoided.

It is pathetic and devastating how many people lost fortunes riding on basically air-money.

Remember LUNA? I 've seen people claiming they lost their entire savings... It's so sad.

It's clear how many people don't understand Altcoins, Luna crashed when the bull market is almost over, I am surprised that many people still have their Luna bags when the coins already reach a new all time high, the way you are going to play your games with Altcoins is different from that of Bitcoin, there are money to be made from both sides but with Altcoins we need to be more cautious, because Altcoins are not stable like Bitcoin.

It's peoples fault if they lose money with Luna, because there was enough time to have take their profits, Luna is a scam but it made a huge ROI, but of course, people are too greedy to take profits.

Also, why would anyone put all his or her life savings into Luna coin? If they have shared that into five different projects, Luna will be the only loss they had, Bitcoin is the best and safest risk for those who aren't good with Altcoins investment but I can't take my eye off the money that Altcoins have to offer,

[apogio]

It's clear how many people don't understand Altcoins, Luna crashed when the bull market is almost over, I am surprised that many people still have their Luna bags when the coins already reach a new all time high, the way you are going to play your games with Altcoins is different from that of Bitcoin, there are money to be made from both sides but with Altcoins we need to be more cautious, because Altcoins are not stable like Bitcoin.

It's peoples fault if they lose money with Luna, because there was enough time to have take their profits, Luna is a scam but it made a huge ROI, but of course, people are too greedy to take profits.

Also, why would anyone put all his or her life savings into Luna coin? If they have shared that into five different projects, Luna will be the only loss they had, Bitcoin is the best and safest risk for those who aren't good with Altcoins investment but I can't take my eye off the money that Altcoins have to offer,

In my opinion, all PoS altcoins are scams. I am kind of sceptical when it comes to new types of "assets". I don't think any them are assets. We will soon face an ugly situation where people buying all those coins will eventually get scammed or they will lose a lot of money. (YES! ETHEREUM too).

[Jocuserious]

Most investors make the mistake of buying shitcoin instead of btc because their goal is to get rich with little money. I also used to buy a lot of tokens which suddenly became worthless which is why i later converted those worthless bags to btc. According to me btc is the only dependable currency that will give you special guarantee and you will get good profit anytime. At this time many smart investors keep most of their money in btc and if they go in future btc will have a good journey there will be more profit amount. Also if you buy altcoins in bear market your money will go down so follow the ATH of btc and buy at a right time.

[DanWalker]

It's clear how many people don't understand Altcoins, Luna crashed when the bull market is almost over, I am surprised that many people still have their Luna bags when the coins already reach a new all time high, the way you are going to play your games with Altcoins is different from that of Bitcoin, there are money to be made from both sides but with Altcoins we need to be more cautious, because Altcoins are not stable like Bitcoin.

It's peoples fault if they lose money with Luna, because there was enough time to have take their profits, Luna is a scam but it made a huge ROI, but of course, people are too greedy to take profits.

Also, why would anyone put all his or her life savings into Luna coin? If they have shared that into five different projects, Luna will be the only loss they had, Bitcoin is the best and safest risk for those who aren't good with Altcoins investment but I can't take my eye off the money that Altcoins have to offer,

In my opinion, all PoS altcoins are scams. I am kind of sceptical when it comes to new types of "assets". I don't think any them are assets. We will soon face an ugly situation where people buying all those coins will eventually get scammed or they will lose a lot of money. (YES! ETHEREUM too).

It cannot be denied that the majority of altcoins on the market are scams, even the top projects do not have guarantees like bitcoin. But we should not deny that many of them generate significant profits before they disappear. Luna is an example, why don't people take profits when they are already profitable? And then blame it for being a scam after it collapses? This is a financial market that is no different from a battlefield, where there will be winners and losers. This is not a place of charity or mutual help, everyone knows that, but because of excessive greed, there is a high price to pay. Do you want high profits? If you want, you need to accept higher risks. You cannot be greedy, you cannot want high profits and safety at the same time. If you already know altcoins are scams, why do you join them and blame them for being scams when you lose?

For me, everything has risk, if you have the courage to invest, you must take responsibility for your decisions, don't blame altcoins or anyone else because no one forced us to invest in them. By the way, I don't care if ETH is a scam or not, but I know that it has also brought a lot of profits to many investors, its ROI is not inferior to bitcoin.

[Bitcoin_people]

Before embarking on crypto journey we must be careful about all the things and idea about how we can earn money is very necessary. When I first started out in cryptocurrency I invested in shitcoins and I saw many scams in those coins. I think it is generally wise to hold shitcoin as it should never be a long-term investment, but should be sold when it pays off. Investing in shitcoin and holding it will surely lead to scams in the future. To make money we must invest in Bitcoin which is long term and less risky with no chance of losing money. And surely we can expect good things in future if we invest in Bitcoin, Bitcoin is an asset that helps a person to become rich the most.

[apogio]

If you already know altcoins are scams, why do you join them and blame them for being scams when you lose?

For me, everything has risk, if you have the courage to invest, you must take responsibility for your decisions, don't blame altcoins or anyone else because no one forced us to invest in them. By the way, I don't care if ETH is a scam or not, but I know that it has also brought a lot of profits to many investors, its ROI is not inferior to bitcoin.

If you mean me, personally, I must say 3 things.

1. I bought ETH because I was greedy. I made some money, as I said, then got out. So I don't call them scams because I lost money, but because, especially when NFTs came around, people created literally garbage and sold it for HUGE money.

2. ETH moved to PoS. Since this change happened, Ethereum is a different Blockchain that it used to be when I bought ETH. I don't trust / I hate all PoS blockchains. In fact I only trust and believe in PoW.

3. I don't see bitcoin as an investment, but as an opportunity to change the world order and to achieve a financial world which will be more liberal, without central banks and authorities.

Those 3 arguments are exactly the reason why I sold ETH (having gains) and went to Bitcoin only.

[taufik123]

-snip-
2. ETH moved to PoS. Since this change happened, Ethereum is a different Blockchain that it used to be when I bought ETH. I don't trust / I hate all PoS blockchains. In fact I only trust and believe in PoW.
-snip-

PoS or PoW is everyone's preference, just choose which is better, Semi-centralized or Fully decentralized.
Ethereum's change to PoS does make everything centralized and makes Ethereum no longer in line with Bitcoin.

But let's see, the top Altcoin is Ethereum and no one can compete with it.
Layer2 platforms are created within the Ethereum ecosystem and more and more Layer2 chains are emerging.

Choosing Bitcoin or ETH depends on what you're buying it for.
I even have them all and the top investments are in Bitcoin and then ETH.
I'm just looking for profit and some investments for the long term.

[savetheFORUM]

I was going through coinmarketcap today to see some of the cryptocurrencies I was involved in when I started, I was so surprised to see that a lot of them have even been delisted. I was heartbroken seeing that some tokens who raised millions of dollars, had huge community and were trending even in various platforms just died. I wanted to not mention any particular token but I have to mention PumaPay that raised about $8 million yet could not deliver anything and got investors holding a bag of shit.

It's good you were able to notice this yourself about how risky it could be investing in altcoins rather than Bitcoin, because imagine, had it been you had funds in those coins that got delisted, does that mean that's how you should have lost all your funds? So this should be a lesson to everyone to know that a coin investment are always just like gambling, and as such, you should always endeavor to invest an amount you can always afford to lose at all times.

Investments without proper research are obviously nothing less than a gamble, however, someone who does their due diligence and evaluates the possible outcomes before making an investment and also checks a project from top to bottom to see if it has actually got any potential or not, they won't be gambling their money this way because you will at least have a general idea about the project that you are investing your money in and you won't just be blindly trusting the promises they are making.

Someone who invests in a project just because its token has a low market cap, or because the price of the token is low and they expect that it will be high in the future, these are not really the right way of evaluating a project, you need to dive deeper into their system and find out the fundamental properties and everything that actually matters.

[SmartCharpa]

I was going through coinmarketcap today to see some of the cryptocurrencies I was involved in when I started, I was so surprised to see that a lot of them have even been delisted. I was heartbroken seeing that some tokens who raised millions of dollars, had huge community and were trending even in various platforms just died. I wanted to not mention any particular token but I have to mention PumaPay that raised about $8 million yet could not deliver anything and got investors holding a bag of shit.

If one can turn back the hand of time, and assuming I joined this forum early when I started my crypto journey, maybe the concept of shitcoins would have dawn on me and that would have made me convert those worthless bags to Bitcoin when I could.

I know there are other who would have similar experience too and there are still others caught up in the euphoria of getting rich through one token or the other. Well, if it is not Bitcoin, it is not worth holding.

We all agree that bitcoin is the most valuable asset that any investor can comprehend and hold, but I think there are still some tokens that are valuable enough to hold and that have remained in existence for a while now. In fact, I think the majority of investors do not only believe in bitcoin but also purchase other tokens to increase their profits. My opinion is that most people are not necessarily doing this to gain money; for example, even when the price of bitcoin is falling, the value of the token they are holding may still be increasing. I am aware that it may be challenging for you to purchase a token as though it were worthless to you, yet the majority of investors do hold this belief for tokens other than bitcoin.

[WillyAp]

But let's see, the top Altcoin is Ethereum and no one can compete with it.
Layer2 platforms are created within the Ethereum ecosystem and more and more Layer2 chains are emerging.

Which is not necessarily good. It opened the door to the thought of all crypto being a fraud.
Maxis haven't caught on.