It is only Bitcoin and nothing else

[Blitzboy]

Its a regrettable situation. You've brought attention to an obvious flaw in the crypto ecosystem: the flood of tokens that initially look good but terrible inside. The case of PumaPay, which raised millions yet failed to perform, is not unique. Examples of this type of reckless mix of ignorance, greed, and insufficient research appear in the crypto world.

Even though Bitcoin was the first and still has a lot of value, its important to stress that this isnt a Bitcoin-only discussion. It concerns the fundamental frameworks of the modern economy, the demand for more responsibility in the context of digital currencies, and the necessity of transparency. Knowledge, judgment, and a fair dose of skepticism are essential for anyone setting out on this road.

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[Crypt0Gore]

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.

Why not mention others as well? Puma Pay is a token from the 2019/era, why are you still into this altcoin today? Most old altcoins will get abandoned, this is how things go around in crypto space, the only old tokens you should have are the biggest ones like BNB, Polkadot, Polygon and few others, focus more on brand new altcoins with good team and when a bull market comes, dump all of them, wait for another bear market and buy Bitcoin with most if that money.

It's a fact that Bitcoin is the best but you can also grow your Bitcoin stash more faster with altcoins, I still prefer not putting all my eggs in one basket, if you diversify you only need one or two altcoins to do insanely well, and if you have ten altcoins it's impossible they all go wrong.

Bitcoin will always be my end goal, it's the number one coin that I want to keep for years but having 2 BTC now is almost impossible, but altcoins can get me there faster in a bull market, improve your altcoin hunting skills, and make sure you always take profits.

[kryptqnick]

I've had my time of disappointment in the altcoin market around the end of 2018. It was clear that so many projects, even huge ones, failed to deliver on their ambitious promises. Many have brought their investors profits, of course, because of how high the prices went up in 2017, but it was just that, profits, and not the actual products. So I largely agree that focusing on Bitcoin makes sense, although I do think that at least some altcoins (at minimum, Ethereum) deserve some recognition as well. I don't mean people should hold them, though, as Ethereum doesn't tend to rise proportionately higher than Bitcoin, but Bitcoin seems to be a safer investment. As for other coins, maybe sometimes they rise above Bitcoin proportionately, but there's also more risk involved.

[uneng]

Very few options in crypto market are worhtful to be held. We can't generalize every altcoins as shitcoins, because some of them are thriving side by side with Bitcoin for a long time already, like Ethereum, for an example, which offers the most popular chain for crypto developers to create their own concepts and projects. However, without any doubts, Bitcoin should be your first alternative when thinking about crypto investments and the cryptocurrency you should destinate the largest percentage of your bankroll for holdings. I would say 80%-90% of crypto holdings should be in BTC currency.

[Rockstarguy]

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.

Many people out their sees shitcoins as a regular project that they can invest to make money from it and it always end so bad. It is a privilege to been in the forum which has made it members to understand what shitcoins is all about and how dangerous it can be to invest  on shitcoins. The forum has always make past experience of shitcoins as a reference for people to understand where they are investing their money all in the name of investment. Bitcoin is just the best for investment,  it is very reliable and very safe for investment.  

[tjtonmoy]

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.

I am one who has experienced this too. I have lost a lot of money investing in altcoins. Maybe I am not fit to deal with altcoins or it is not for me. Because others are still making profits out of altcoin investments, but for me, I am way past that. I literally have no faith in altcoins anymore. Altcoins are like a trend. It is good as long as it stays. And suddenly one day it fades away. Then the project is dead.

Now I only hodl Bitcoin. It has been here for a long time and it will stay. As history repeats itself, we will be able to see the same thing over and over and benefit from it. That's why I always choose Bitcoin. There are other things such as security, safety, decentralization, and other stuff. But I think everyone knows that already. So let's not talk about that here. So yeah, in terms of HODLing, BTC should be the first choice for everyone.

[Obari]

This is cryptocurrency industry  for you and there is nothing certain in the industry not even bitcoin but the truth  is that anyone holding shitcoin should have already known the high risk involved and should be always ready to trade wisely and I'm  sorry if you ever made huge losses but I guess it was because you weren't aware of is negative effect but now I'm sure you do.
I've always heard stories of people talking so much ill about shitcoins and I wouldn't have to blame them for it but I think there have also been stories of people who made it real big with same shitcoins we cry so much about and I guess such persons were lucky and fortunate but at the same time also good in the game of trading shitcoins.

Don't hold shitcoins and if you must invest in them, invest only what you can afford to lose as there is nothing guaranteed in cryptocurrency, so always trade with caution.

[Aikidoka]

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.

[eightdots]

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.

Not all of us get what we expect from some of our investments. We buy a coin with very high expectations, but it may end in disappointment. What we need to do in such a situation is to change our strategy. We may be making some wrong choices.

Bitcoin is one of the most preferred things in investment. It is always best to trust and invest in Bitcoin rather than investing in coins that we do not know what they are and losing money.

I keep different coins in my wallet, but I understand the importance of investing the amount I can afford to lose when I do not get the income I expect.

[South Park]

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.

You know what they say ‘hindsight is 20/20’, meaning it is easy to look at the past and think I should have done that or I should have avoided doing this, but at the end sometimes the only way to learn is by making those mistakes on your own, this is why I consider a strategy to manage your money as key for your success, as even if you make mistakes, those mistakes will only produce small losses and most of your capital will be intact once you finally have learned the lessons necessary to become profitable.

[taufik123]

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.

Focusing on Bitcoin alone can be a good way to avoid a lot of losses, but remember Bitcoin has high volatility but even so the returns and guarantees for Bitcoin will be better.
A Bitcoin drop is a good opportunity to buy and it all depends on the Bitcoin price.

Whereas other cryptos such as ETH, BNB, SOL, XRP are dependent on Bitcoin price and tend to be dumped when Bitcoin price is unstable like now.
Saying "damn coin" only applies to coins that do not have any development or will only be abandoned when the hype is over.

Many find Shitcoins that generate a lot of losses, so stay away from these shitcoins and focus on Bitcoin and the main altcoins.

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.

If you are holding coins for the long term, I recommend not storing them in CEX, because the risk of loss will definitely occur and is more vulnerable.
Long term it is better to store in a private swallow with full control of the user, the important thing is to keep the wallet safe and that's enough. 

[philipma1957]

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.

I think you are kind of wrong but some what correct.

There are more than 1 POW coins that are worthwhile.

I made more profit on Doge than any coin including BTC.

But the truth is there are over 9000 coins at the moment and 8000 maybe 8500 are garbage .

I peg about 10 pow coins with a bit of value and possibly ripple which is a pos coin.  The others are fairly trash including eth.

But each of us have an opinion and we are able to voice them freely here on bitcointalk thanks to theymos.

[JoyMarsha]

Do you know why it is recommended to hold bitcoin for the long term while hodling altcoins for short-term use? It's because of the sort of negative event you spoke about. A coin's value could drop tomorrow even if it was performing well years later.

That appears to be the main issue with all altcoins. They always behave like pump-and-dump coins with a brief price recovery in the crypto market.

That's why it is advised that don't rush to invest in altcoins out of FOMO or for a long period to expect huge profits to happen. Invest in them but it's for the short term and make sure that you don't get carried away by forgetting to withdraw your profits when you ought to.

[philipma1957]

Do you know why it is recommended to hold bitcoin for the long term while hodling altcoins for short-term use? It's because of the sort of negative event you spoke about. A coin's value could drop tomorrow even if it was performing well years later.

That appears to be the main issue with all altcoins. They always behave like pump-and-dump coins with a brief price recovery in the crypto market.

That's why it is advised that don't rush to invest in altcoins out of FOMO or for a long period to expect huge profits to happen. Invest in them but it's for the short term and make sure that you don't get carried away by forgetting to withdraw your profits when you ought to.

the theory would be if crypto succeeds BTC will certainly be the leader and should hold price well and grow over the next 10-20 years.

The only  POW algo that can really challenge BTC sha256 algo  is LTC/Doge Scrypt  and if it does well it can last for the next 100 years or more due to the structure of Doge payouts.

Most other coin are bs especially Eth which is basically an unregulated bond run by one guy.

For me as I am a bit older I do 3 coins

BTC + LTC + DOGE.  based on the hardware that mines them is very solid and there is a lot of it.

[Afnan_faizah]

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.

[Xcode7]

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.

I agree with that, we have to be realistic in looking at possible future profits.
No investment will make you rich overnight, I realized that when I lost money on stupid coins that I had saved and hoped would make me rich.
Meanwhile, Bitcion is proven, and there is no reason to doubt it after seeing what has happened in the past.

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.

These are some of the top Altcoins with a strong community, so they are quite safe, but in terms of profits or price movements, they are the same as Bitcoin, which are not much different, in fact they are quite in line with Bitcoin's movements. That is still a good thing unless you choose a new Altcoin that is only currently Hype is talked about and then hopes for big profits.

[panganib999]

It's a common truth in this industry. It doesn't just happen because of the SEC or whatnot. For a lot of reasons a well-thriving shitcoin/altcoin could be flagged by the exchange it was listed on. Scam/Fraud flags, among others could be grounds for an exchange to stop the trading and in some cases even delist a coin. It sucks especially for early birds who are looking to earn a quick buck but at the same time most of these flags are found out to be true, so people are kept safe from putting their money on projects that are not in the business of giving you the profits and other features that they promised in the past.

Anyway, of course SEC is also to blame for this in part since their crackdown on crypto, but for the most part it's all good.

[_BlackStar]

You should probably be aware that most altcoins are not worth considering in your long-term investment portfolio - but some may be worth considering. This is intended so that you don't just focus on one particular asset, including bitcoin, because basically several altcoins are expected to continue to experience regular development and even have the potential to get more use cases in the future.

I don't mind if some of us have some of these altcoins in our portfolios - but bitcoin should be a larger percentage of altcoin owned. The intent and purpose are the same ^{[expect returns from him]} - but bitcoin tends to feature more innovation than altcoin.

[Dr.Bitcoin_Strange]

At the moment, it is really a fuck altcoins! For me, because I am still focused on accumulating bitcoin, which I am more sure will go for the bull market, but alt coins are what I am also sure will get pumped during the bull market, the confusion is that you don't know which one will get pumped; it might even be the one that never crossed your mind to invest in, but that will luckily get pumped, and as a matter of fact, I cannot just go about buying different kinds of alt coins all in the name of hunting for profit. Although I still have a lot of alt coins in my wallet, which I have invested in in the past, I am hoping they can be pumped because they have really been worthless for a long time.

[Mr.suevie]

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