If not for Bitcoin

[legendbtc]

Bitcoin's dominance in the market will never go away as it is the only decentralized currency with the best security. Bitcoin's dominance will only be shaken or replaced unless there is a coin with superior features to bitcoin. Otherwise, bitcoin will forever be the king of the cryptocurrency industry. As for current altcoins, they are a centralized mess, and were created for the purpose of pumping and dumping, they do not bring any practical utility or application to us. None of them are qualified to challenge bitcoin's throne.

New blockchains are offering better features than bitcoin. Some of them even have lower but faster transaction cost. They are lacking one essential elements which is decentralization. Most other blockchains are centralized or semi centralized so their price can not create much appeal for investors to put money into them. Bitcoin dominance is not content. It also goes ups and downs like bitcoins price so we can not say bitcoin dominance will never go down.

Lower transaction fees, and faster transaction speeds, what does that mean? Have you ever heard of bitcoin's blockchain being hacked or experiencing a power outage? But that often happens with blockchains that you think are superior to bitcoin.

Decentralization is the deciding factor in the quality and value of cryptocurrencies. If altcoins don't have them, they're nothing more than a pile of garbage created for purposes other than bringing us real solutions. As I see it, altcoins are just used for hype and pump and dump rather than actually providing truly useful utilities like bitcoin.

[tygeade]

Lower transaction fees, and faster transaction speeds, what does that mean? Have you ever heard of bitcoin's blockchain being hacked or experiencing a power outage? But that often happens with blockchains that you think are superior to bitcoin.

Decentralization is the deciding factor in the quality and value of cryptocurrencies. If altcoins don't have them, they're nothing more than a pile of garbage created for purposes other than bringing us real solutions. As I see it, altcoins are just used for hype and pump and dump rather than actually providing truly useful utilities like bitcoin.

I mean just because it doesn't get hacked doesn't mean that it is perfect, we could always improve something. We do not have to improve it like crazy, but we could improve it. This means that it is going to take a lot of time for bitcoin to be perfect and in fact I think it will never be perfect, we are going to end up with something that will change things. We should be careful about what we are doing and based on that we could potentially do a lot better or worse.

We need to arrange it in a way that it could help with us a lot more. Sure, it is better than the rest, I am not arguing against that, yes it is the best but just because it is the best and I do not think that it will change anytime soon, it is going to be pretty similar if it doesn't keep on improving. I believe that we need to get bitcoin to be better.

[GbitG]

All of these major incidents that you mentioned (3AC, Blockfi, Celsius, Voyager, Luna, and FTX ) are all centralized services that have nothing to do with Bitcoin in the first place. They are like parasitic organisms that had to be eliminated.

Although these incidents were painful and caused losses to many people, they had a positive aspect in that they made people realize the importance of Bitcoin and that it is the only coin that can be trusted. Therefore, I support your opinion on this point. If it were not for the existence of Bitcoin, the cryptocurrency industry would have collapsed completely.

Of course, these events showed people the proof of bitcoin's improvement and convinced them that nothing but bitcoin is trustworthy. But this thing is not for everyone; still, many people are not aware of it and face losing, like in recent events. But in fact, it is their own fault that when they enter the field of cryptocurrency, they think that only money and money are here, and in their greed for money, they leave the real thing, which is bitcoin, and pick up poor things in comparison to bitcoin. The things they pick up are altcoin, centralized exchanges (keep his fund on them), and buying shitcoin, due to which they have to suffer. But this loss is a good lesson for them not to make the same mistakes on centralized exchanges and altcoins as against Bitcoin.

I believe that if there were no similar events, no one would have realized the importance of Bitcoin, which is for newbies. They forget because they make money from altcoins like QuickPumpDump that there is another better thing than altcoin, which is Bitcoin, which doesn't have these flaws that these shitcoins have.

[BitDane]

All of these major incidents that you mentioned (3AC, Blockfi, Celsius, Voyager, Luna, and FTX ) are all centralized services that have nothing to do with Bitcoin in the first place. They are like parasitic organisms that had to be eliminated.

Although these incidents were painful and caused losses to many people, they had a positive aspect in that they made people realize the importance of Bitcoin and that it is the only coin that can be trusted. Therefore, I support your opinion on this point. If it were not for the existence of Bitcoin, the cryptocurrency industry would have collapsed completely.

Of course, these events showed people the proof of bitcoin's improvement and convinced them that nothing but bitcoin is trustworthy.

These company's bankruptcy does not show proof of Bitcoin improvement.  This simply show that centralized cryptocurrency services can also collapse if the management does not manage the company well.

But this thing is not for everyone; still, many people are not aware of it and face losing, like in recent events. But in fact, it is their own fault that when they enter the field of cryptocurrency, they think that only money and money are here, and in their greed for money, they leave the real thing, which is bitcoin, and pick up poor things in comparison to bitcoin.

These company also integrate Bitcoin in their services and yet they failed.  This is not about Bitcoin and altcoin but company that have poor management system the lead them to bankruptcy and collapse, while other practiced fraud and was exposed.

If one have to realize something, it should be not trusting 3rd party investment company to hold your fund, instead if one is into Bitcoin investment then the best approach is buy and hold Bitcoin in our non-custodial wallet where we hold the private key.

[Natalim]

Which is why apart from being a day trader, I also make sure that I have sufficient bitcoin holdings to keep me safe during rainy seasons. It's bad enough that the market can just go under whenever it so pleases, so having a consistent and surefire earning asset like bitcoin in your portfolio takes the stress off of you cause now, you're pretty much aware and at ease knowing that come rain or shine, you'll earn money from bitcoin. I'm just hoping it continues to serve people for longer cause I want everyone in the crypto industry from now until say, 20 years in the future to at least experience what it was like getting bitcoins for the first time and expecting to earn shitloads of money. It's one of the greatest feelings out there.

This is because Bitcoin is the only reliable project in the crypto market. We can't compare its potential to others that is why we call this unique which makes it very popular and famous. Indeed, it was stress-free if were going to manage well our emotions.Those things that happened in the past as mentioned by OP give us insights that only those projects that have a solid foundation will remain while these worthless and weak foundations will collapse. Probably, if there is no Bitcoin, the entire crypto market has already been over.

[Bitcoin_people]

Investors lose the most money and gain money in crypto but they don't give up hope. Investors basically put the most hope on Bitcoin and they hold it for a long time to get results later. If investors had faith in the crypto industry, of course crypto currencies would have been destroyed, but Bitcoin is where it is today because investors have faith. We saw the biggest increase in Bitcoin price in 2021 and investors made a lot of money then. Even though currently Bitcoin's core is down but still investors have faith in Bitcoin Bitcoin will reach a good position again and traders will benefit. Currently the Bitcoin market has taken a strong shape and with the new green candle in the market, we can be sure that good things are waiting for us ahead. If Bitcoin wasn't born then maybe we wouldn't be related to this crypto world, since it was created and it will last a lifetime so we would be better off using this Bitcoin.

[bayu7adi]

It has kept the crypto industry running, just look at Bitcoin today, it's still standing strong above 27k.
If not for Bitcoin, we would have all went home sad.

Bitcoin stands as a formidable force in the financial realm today. It serves as an alternative opportunity and, despite varying opinions, its resilience endures. This means that major investors won't allow adverse developments to easily beset Bitcoin.

We understand that the very heartbeat of the crypto industry presently pulsates through Bitcoin. When Bitcoin falters, everything connected to the world of crypto loses its significance. To truly dismantle Bitcoin's presence, there would need to be several altcoins tested for their strength. Anyone who can disrupt altcoins is not necessarily capable of undermining Bitcoin, and someone capable of undermining Bitcoin can potentially destabilize the entire crypto industry, excluding Central Bank Digital Currencies (CBDCs), which remain under government control.

[Blitzboy]

All of these major incidents that you mentioned (3AC, Blockfi, Celsius, Voyager, Luna, and FTX ) are all centralized services that have nothing to do with Bitcoin in the first place. They are like parasitic organisms that had to be eliminated.

Although these incidents were painful and caused losses to many people, they had a positive aspect in that they made people realize the importance of Bitcoin and that it is the only coin that can be trusted. Therefore, I support your opinion on this point. If it were not for the existence of Bitcoin, the cryptocurrency industry would have collapsed completely.

Of course, these events showed people the proof of bitcoin's improvement and convinced them that nothing but bitcoin is trustworthy. But this thing is not for everyone; still, many people are not aware of it and face losing, like in recent events. But in fact, it is their own fault that when they enter the field of cryptocurrency, they think that only money and money are here, and in their greed for money, they leave the real thing, which is bitcoin, and pick up poor things in comparison to bitcoin. The things they pick up are altcoin, centralized exchanges (keep his fund on them), and buying shitcoin, due to which they have to suffer. But this loss is a good lesson for them not to make the same mistakes on centralized exchanges and altcoins as against Bitcoin.

I believe that if there were no similar events, no one would have realized the importance of Bitcoin, which is for newbies. They forget because they make money from altcoins like QuickPumpDump that there is another better thing than altcoin, which is Bitcoin, which doesn't have these flaws that these shitcoins have.

Theres no doubt that Bitcoin is the best cryptocurrency out there. The things you talk about? Just examples of how strong it is. I get your point, though. People are so greedy that they often miss the big picture. They become naive and believe that everything shiny in the crypto world is a prize when most of it is just noise. Many people jump right into altcoins and centralized platforms because they think they can make quick money, but they dont know what problems they'll face.

Still, Bitcoin stands tall in the middle of all this chaos, doesnt it? Noobs like these have to learn the hard way. Its sad, yes, but maybe its essential. Would people really know how valuable something is if they found it on their first try? When you go through problems and lose, thats when Bitcoin's real value comes through

[South Park]

When I saw the benefits of having Bitcoin, I take it as a financial suicide not having Bitcoin.

Who would have ever known that from the start of 2021, that;

_3AC(crypto biggest VC) would subsequently collapse.

_ Blockfi, Celsius and voyagar would go under.

_FTX would implode, and SBF being exposed as one of the world biggest fraudster in financial history.

_ Luna would go to 0.


Upon all this event that has took place,  the crypto industry would have completely collapse if not for the confidence and trust investors have in Bitcoin.
It has kept the crypto industry running, just look at Bitcoin today, it's still standing strong above 27k.
If not for Bitcoin, we would have all went home sad.
Cheers to all the bitcoineers

It is not really that difficult to see why the confidence in bitcoin did not decreased at all during all of those events, and that is because those collapses had nothing to do with bitcoin, other than those businesses dealing with cryptocurrencies in general, bitcoin had nothing to do with it, however this is often a mistake I see people making, they make the false equivalence in their minds that bitcoin is somehow related to every single entity that is part of this market and it should be affected by them, when this is not the case as bitcoin is its own entity and it is independent from them.

[Aanuoluwatofunmi]

If not for bitcoin, things wouldn't have been this better for some of us here today, we have already for a long time overdue for using the financial system with centralized institutions and government, bitcoin has made us know the possibility for a decentralized digital network, give everyone the financial freedom they deserve and considers the people most for an independent financial economy lifestyle.