If not for Bitcoin

[tjtonmoy]

Altcoins equals scams. Most of them that are available now is a scam in a way. So that's not a big surprise, is it?
Fall off centralized exchanges? It is centralized, so those even does make sense. If you give the access to your assets to a centralized back from, something like that was meant to happen. So that's not a surprise either.

Even right now, SEC is going after Binance. They have blamed many altcoins for security, but only left Bitcoin out of the list. And why is that? Because Bitcoin is decentralized. This is all that mattes.

I agree with this statement that Bitcoin has carried over the whole crypto market on its shoulder to this point. Because the whole market runs on sentiments. If Bitcoin moves, then other coin moves too. Not because they have any connection to Bitcoin, but the sentiment attached to Bitcoin create the market movement. Bitcoin does play a great role in the crypto market.

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[Aanuoluwatofunmi]

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

Bitcoin is the solution to many people's financial challenges, but it's such a pity many are yet to identify this out despite the advanced awareness that has taken bitcoin into a globally recognized cryptocurrency, we cannot continue with the use of the same financial economy and system under centralized Institutions for life, bitcoin is the game changer and the world is happy to embrace the same opportunity with bitcoin, it gives the financial change we want in our economical lives.

[uneng]

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 has been always like this in crypto industry since the beginning. The difference is that on the early years scam schemes were more anonymous, didn't have large advertisement and endorsement by popular influencers and celebrities. Scammers have been always present in crypto market, luring BTC investors into giving them their BTCs in exchange of volumous, easy and guaranteed profit which end never coming. Unfortunatelly it's possible that many of those scammers have their wallets replenished of Bitcoins they stole until nowadays, what means they still take advantage of the fact Bitcoin stays strong above the 27,000$ line.

[Bananington]

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 has been always like this in crypto industry since the beginning. The difference is that on the early years scam schemes were more anonymous, didn't have large advertisement and endorsement by popular influencers and celebrities. Scammers have been always present in crypto market, luring BTC investors into giving them their BTCs in exchange of volumous, easy and guaranteed profit which end never coming. Unfortunatelly it's possible that many of those scammers have their wallets replenished of Bitcoins they stole until nowadays, what means they still take advantage of the fact Bitcoin stays strong above the 27,000$ line.

So many critics has expected Bitcoin to fail like ftx and the likes that later crashed or were scam schemes to just cart away with peoples money. Bitcoin has however not disappointed yet. Eyes are still on the forthcoming halving to know if BTC will survive and I can assure that it will supercede all expectations.
The fact that BTC has not failed is also a very good reason why other altcoins and exchangs  keep firing on and try to maintain a healthy competition by improving and making upgrades to enable customers and those who have trust and investment in them, enjoy great quality of service.

[Rengga Jati]

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

Bitcoin is the king of crypto, and always will be.
With various evidence of the conditions that have been experienced by the crypto world, Bitcoin continues to run as it should, through all the FUD that is being spread, even though there is a lot of negative news that has occurred, there are many scams and frauds in the crypto business, Bitcoin remains at the forefront and is trusted. Bitcoin is decentralized, and we can each use it ourselves. With various things that have happened, such as the cases given by the OP, in fact there have been many other very large scam cases throughout previous crypto history, Bitcoin is still able to survive and get through it.

[panganib999]

The only thing I agree is Luna because this is an another coin, which completely has no relation with Bitcoin.

While 3AC, Blockfi, Celsius, Voyager, and FTX were a centralized sites e.g. exchange, lending, hedge fund that people use to hold their Bitcoins, so even you're trust Bitcoin, you will lose your coins if you hold it in a centralized sites.

Another coin or not, the outside world had a habit of generalizing every cryptocurrency as "under bitcoin" whenever issues like this come up. Luna was the first strike in the barrage of undesirable events that lead to the collapse of 2022. Bitcoin was seriously affected too as this was precisely the period when bitcoin fell from its comfortable 50-60k spot to the 40,000s and right now well under 30k with no good signs of ever getting back up to its former glory until the next halving. Its mishap indirectly affected the market and the outlook of the people, especially those who are not that accustomed to the bitcoin environment for good, with most of them jumping ship.

[The Cryptovator]

We can't compare Bitcoin with an altcoin. Bitcoin will not collapse, but altcoins will. We may see the volatility, but we won't collapse like Luna. When something goes wrong in the crypto industry, like an exchange collapse, it does affect the Bitcoin price. Though we can't secure the price, we may secure our assets by avoiding storing crypto on exchanges. So when Bitcoin recovers, our funds will recover as well.

[Blitzboy]

Altcoins equals scams. Most of them that are available now is a scam in a way. So that's not a big surprise, is it?
Fall off centralized exchanges? It is centralized, so those even does make sense. If you give the access to your assets to a centralized back from, something like that was meant to happen. So that's not a surprise either.

Even right now, SEC is going after Binance. They have blamed many altcoins for security, but only left Bitcoin out of the list. And why is that? Because Bitcoin is decentralized. This is all that mattes.

I agree with this statement that Bitcoin has carried over the whole crypto market on its shoulder to this point. Because the whole market runs on sentiments. If Bitcoin moves, then other coin moves too. Not because they have any connection to Bitcoin, but the sentiment attached to Bitcoin create the market movement. Bitcoin does play a great role in the crypto market.

I understand, and you're not alone. Many are cautious of altcoins. However, not all altcoins are scams. Ethereum and Ripple provide new technology and ideals to crypto. I agree about the sentiment-driven market; Bitcoin is everyone's big brother. Everyone moves when it does. But why? Is it sentiment or more?

Imagine if every coin had sentiments. Would the market be stable or chaotic? Bitcoin is powerful while being decentralized. I advise you to diversify, investigate, and never put all your eggs in one basket, even if its flashy and called Bitcoin.

[Z-tight]

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

Centralized exchanges and lending and earning platforms have been failing for a long time, do you remember Mt. Gox? You should have zero faith in any centralized exchange, and take note that they do not care about BTC as many people are made to wrongly believe, they only care about making money through their fractional reserve scam.

I understand, and you're not alone. Many are cautious of altcoins. However, not all altcoins are scams. Ethereum and Ripple provide new technology and ideals to crypto.

What new technology does Ethereum and xrp bring to the crypto industry, these are two centralized shitcoins that do not have any usefulness. Monero may be the only altcoin that is actually useful.

Bitcoin is powerful while being decentralized. I advise you to diversify, investigate, and never put all your eggs in one basket, even if its flashy and called Bitcoin.

Never put all your eggs in one basket is a good advise, but take note that if you are investing in BTC and altcoins your eggs are in one basket because they are intrinsically linked to one another, diversify by investing in BTC and assets that aren't intrinsic, like gold, real estate, etc.

[fuguebtc]

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

Bitcoin is the solution to many people's financial challenges, but it's such a pity many are yet to identify this out despite the advanced awareness that has taken bitcoin into a globally recognized cryptocurrency, we cannot continue with the use of the same financial economy and system under centralized Institutions for life, bitcoin is the game changer and the world is happy to embrace the same opportunity with bitcoin, it gives the financial change we want in our economical lives.

Bitcoin is still not recognized and legal globally, there are still many countries that have not recognized it and even many countries have issued bans on it. Furthermore, if you think everyone should use bitcoin and completely eliminate the government's centralized financial system, do you think the government will legalize bitcoin for us to use? They are not stupid enough to let people freely use bitcoin and leave the centralized banking system they have built over thousands of years.

Bitcoin brings innovation in the financial system but will not be able to replace the entire existing centralized system, both will coexist and grow.

[Litzki1990]

The popularity of cryptocurrencies has grown so much because people trust them. It is very important to have faith or trust in every matter. If we can't trust or believe in something then we will not get peace by investing in those sides or anything else. FTX is the biggest scam ever, SBF has ruined many people's lives. Even after such a big fraud in crypto platform, people still trust this platform. If this kind of fraud is constantly happening then maybe people will lose their trust from this platform.

[tabas]

Going back to Luna and what Do Kwon has been doing all the time with the project, many thought that he was legitimately doing something else that encourages the market to buy more Bitcoin as that's what his project has been doing. But on the other side, we don't know that his plans are evil and it's just a show that the media is reporting about his projects buying Bitcoin like being a reserve. Moving on, most of the lending projects weren't trustworthy at all. They look good at the beginning but the business model that they present aren't sustainable, we've seen a lot of them fell already.

[michellee]

Even if there are cases of scams or the closure of exchanges, the crypto market will continue to operate. There are still many exchanges or other projects that are still operating their businesses. And Bitcoin can still survive negative opinions about Bitcoin.

And as others said, we cannot compare Bitcoin and altcoins. Teams still run the altcoins project. And if the team is not working well, it will affect the project's development. It does affect the crypto market and although it also affects Bitcoin, Bitcoin can still rise. Currently, Bitcoin can still survive and it is just a matter of waiting for its moment of revival.

And there are still many people out there who don't have Bitcoin. It doesn't affect them because they are still trying to survive too. And those of us who choose crypto also have to endure waiting for the crypto market to recover.

[CryptopreneurBrainboss]

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.

I believe we all know that at some point all this projects will fail as investors begin to lose interest in their service, the industry wasn't built on the reputation of those project so even though they leave the market the market will still be active as it was here before they came. Binance exchange been the biggest, even though it fails (which is evitable) that doesn't mean the industry failed because the market will still be active and running. The reputation of the industry is built on Bitcoin, without Bitcoin there will be no cryptocurency industry which is why it's recommended to invest in Bitcoin and ignore alternative currency or other services been offer that promise doubling your capital like staking and the rest. Build your foundation on Bitcoin and no matter what happens to the rest of the market, you won't be rekt.

The price of Bitcoin will only be affected by this misfortune and that's because a majority of them happens during the bear market and since there's already fear sentiment in the market people begin to panic and sell their Bitcoin which affects the price but only for a short while. The collapsing of project happening only add strength to the saying of buying only Bitcoin and forgetting about any other currency in the market and also it encourages the use of decentralized P2P exchanges.

[Sim_card]

All that you mentioned collapsed because they are centralized and anything centralized can collapse, because it is vulnerable to attack and the owner might have a purpose of using it to scam people of their hard earned money. This is why bitcoin remains the king of all cryptocurrency due to its decentralized nature because it is an open source project. All other cryptocurrency are duplicate of bitcoin and nobody should dare invest in them only if you want to gamble with your funds. Also don't trust anything centralized as they only care about how to extort you.

If you preach "Not your keys, not your coins", why are you advertising a custodian in your signature?

Because the only way to achieve a maximum privacy is through centralized mixer, using Coinjoin or convert to other privacy coins are still leaving a trace. Of course this need a trust from the user before use the service. But they have a decent reputation and wouldn't easily to disappear.

If you convert your coin to monero using bisq, it can't be traced. When you use coinjoin, it can't also be traced because 10 people will send the same amount of bitcoin to 10 different wallets at the same time.

[khiholangkang]

The popularity of cryptocurrencies has grown so much because people trust them. It is very important to have faith or trust in every matter. If we can't trust or believe in something then we will not get peace by investing in those sides or anything else. FTX is the biggest scam ever, SBF has ruined many people's lives. Even after such a big fraud in crypto platform, people still trust this platform. If this kind of fraud is constantly happening then maybe people will lose their trust from this platform.

Bitcoin is still Bitcoin forever and we only need to have it to maintain the value of our money well. Most people believe in Bitcoin and because Bitcoin also all this still survives even though we don't know how the next story even though it happened without Bitcoin born.

Speaking FTX is a exchanger, not like Bitcoin which is a decentralized currency, and also no one controls Bitcoin like other shitcoin in the market today, then if you look in the mirror from the FTX case, it is important to store your bitcoin in the most place Safe and you yourself have access to your bitcoin.

Going back to Luna and what Do Kwon has been doing all the time with the project, many thought that he was legitimately doing something else that encourages the market to buy more Bitcoin as that's what his project has been doing. But on the other side, we don't know that his plans are evil and it's just a show that the media is reporting about his projects buying Bitcoin like being a reserve. Moving on, most of the lending projects weren't trustworthy at all. They look good at the beginning but the business model that they present aren't sustainable, we've seen a lot of them fell already.

Reflecting on the Luna case that made many people lose their money in that night a very bad event in 2022, if you read the project in depth about Luna, you really want to be made a backup, then buy Bitcoin for their stable coins, of course the calculation is not Logical and that that makes them destroyed, don't be able to believe in the Shitcoin project even though it has been established for years.

[salad daging]

We can't compare Bitcoin with an altcoin. Bitcoin will not collapse, but altcoins will. We may see the volatility, but we won't collapse like Luna. When something goes wrong in the crypto industry, like an exchange collapse, it does affect the Bitcoin price. Though we can't secure the price, we may secure our assets by avoiding storing crypto on exchanges. So when Bitcoin recovers, our funds will recover as well.

Other altcoins can still be controlled by their owners while bitcoin is not, for example Luna collapsed because of its owner, FTX collapsed and FTT tokens because the owner was corrupt and stole billions of dollars and many others collapsed with large companies resulting in many losses for those who stored there.

Bitcoin is not like that, bitcoin is self-owned when you hold it in a personal wallet that can be controlled then it is safe will not collapse even if the price drops it can indeed recover because the bitcoin cycle is up and down.

Now that I no longer believe in holding altcoins even though some say other big altcoins, I will put that aside and stick to the principle of still having bitcoin in my own wallet.

[BIT-BENDER]

_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.

Well the answer is that many, many that do their research and no just follow hype or trends would have know this would happen or better still anticipated that anything is possible in Crypto-currency and you are meant to also think about the worse possible outcome.

SBF isn't an upright man and if you had looked at his past and that's before the FTX case you would know he had some history of ingenuity. There are always hints and clue you are meant to fix up that can help in carrying out the right decision in crypto-currency but to find them you have to do your research.

Also the cases you wrote is not in any relation with Bitcoin, because some people that had issues with FTX are bitcoiners but rather your approach to crypto-currency is more important than what you are holding .

[Hamza2424]

Cheers, becasue its decentralized, Cheers because its secure, Cheers because an immense community standing behind it, Cheers because Bitcoiners know everything about Bitcoin, Cheers because there's nothing hidden (Transparency), Cheers Becasue its characteristics, and properties can bring freedom, custody and evolution you always needed. Cheers, it can be your savior.

Cheers because it BTC & Cheers Satoshi did it, Cheers what you need he knew, and now Cheers because people are realizing.

Hmm, I think its enough motivational and answered, OP what you've studied will read you if you impose proper decision making and financial planning with it. Information can can your mindset and can boost your motivation as by such analysis you can be more confident on your decision. Use it as your key principle to never fail in the race. Bitcoin brings a lot all you need is to study and realize.

[tabas]

Going back to Luna and what Do Kwon has been doing all the time with the project, many thought that he was legitimately doing something else that encourages the market to buy more Bitcoin as that's what his project has been doing. But on the other side, we don't know that his plans are evil and it's just a show that the media is reporting about his projects buying Bitcoin like being a reserve. Moving on, most of the lending projects weren't trustworthy at all. They look good at the beginning but the business model that they present aren't sustainable, we've seen a lot of them fell already.

Reflecting on the Luna case that made many people lose their money in that night a very bad event in 2022, if you read the project in depth about Luna, you really want to be made a backup, then buy Bitcoin for their stable coins, of course the calculation is not Logical and that that makes them destroyed,

These projects are reinventing strategies so that they'll be trusted by the people. That's why the best thing is to be wary of any project whether they seem to be good or not. We will never know what's with their schemes whether they're new to us or not but then, in the end game of it it's always them that will win when they reveal the true them.

don't be able to believe in the Shitcoin project even though it has been established for years.

Right.
It's so hard to trust new projects today and that's why for everyone's sake, just invest to Bitcoin first and whether you want to try something new. Make it known to yourself that you're able to invest on it so that you won't make a mistake that you'll regret forever.