If not for Bitcoin

[romero121]

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.

Through this incident most of the people who are hard believers of altcoins and focusing much on altcoins for higher profit could've understood the reality of the market. If bitcoin is dependent over altcoins, now this could've been a collapse, but the reality is completely market depends over bitcoin which had kept the market progressive amidst the occurrence of more failures.

Once we had a situation where anything tokenised used to bring good revenue to the venture capitalists as well as the users invested on it. Within specific time period the project goes unlisted. From that situation things improved and now other forms of fraud happening through centralized services. Users have got more opportunities to correct themselves and now it is a big learning.

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[legendbtc]

And I have to agree with the fact that Bitcoin will now and forever dominate the cryptocurrency market and remain strong, as we know many previous events have disrupted Bitcoin and it is also predicted that someone will replace Bitcoin's position, but Bitcoin remains strong.
In the future, there may be more coins entering the market, but bitcoin will remain the main one and continue to dominate the market as its popularity and interest will continue to increase. And Bitcoin is the only blockchain-based cryptocurrency that has been built since its inception. In terms of market capitalization, Bitcoin is the highest market capitalization that cannot be replaced.

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.

[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.

Through this incident most of the people who are hard believers of altcoins and focusing much on altcoins for higher profit could've understood the reality of the market. If bitcoin is dependent over altcoins, now this could've been a collapse, but the reality is completely market depends over bitcoin which had kept the market progressive amidst the occurrence of more failures.

Once we had a situation where anything tokenised used to bring good revenue to the venture capitalists as well as the users invested on it. Within specific time period the project goes unlisted. From that situation things improved and now other forms of fraud happening through centralized services. Users have got more opportunities to correct themselves and now it is a big learning.

Wow, things have changed a lot. I remember when altcoins were huge and everyone thought they would take Bitcoin's place. But, as you said, Bitcoin has always been the more likely choice in the market. I've often thought about what the crypto world would be like if the roles were switched. When businesses try to make money off of any tokenized product, its kind of like the wild west of finance, right? But thank goodness we learn from every scam and accident. Its called evolution, man. Not so with centralised services, though. Those are very different. Always keep an eye out for danger and learn from the past.

[Wend]

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.

I believe everyone realizes the importance of bitcoin, there is no one who does not know about it. But greed made them rush into altcoins, centralized exchanges, and forget about bitcoin. I bet you that even if there are more altcoins crashing, people will quickly forget about it and continue to invest in altcoins instead of bitcoin. As long as people cannot control their greed, there will always be people investing in altcoins and altcoin projects will continuously be created.

[superman184]

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.

This has been very proven in Bitcoin with its continued dominance in the market so that until now there has not been any altcoin that has been able to beat Bitcoin because basically there is no altcoin that has superior features than Bitcoin. And it seems that many people have realized that Bitcoin will indeed continue to be king in the cryptocurrency industry because others have not been able to compete with Bitcoin apart from only being able to pump and dump after being created by their own developers.

[DaNNy001]

And I have to agree with the fact that Bitcoin will now and forever dominate the cryptocurrency market and remain strong, as we know many previous events have disrupted Bitcoin and it is also predicted that someone will replace Bitcoin's position, but Bitcoin remains strong.
In the future, there may be more coins entering the market, but bitcoin will remain the main one and continue to dominate the market as its popularity and interest will continue to increase. And Bitcoin is the only blockchain-based cryptocurrency that has been built since its inception. In terms of market capitalization, Bitcoin is the highest market capitalization that cannot be replaced.

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.

A throne indeed, Bitcoin has certainly set a standard for itself out there in the crypto space and many people are still in the crypto space because of the reliability of Bitcoin. Although most of these altcoins are shitcoins but there is still a fact that we can't deny About some of these coins and that is the ability of some of these coins to also pump very high along with Bitcoin during the bull run and if you lucky to purchase the right coins you can also make lots of cash from their pump although it's very risky because the same way they pump so fast that equivalently the same way they dump so fast too.

[tbct_mt2]

A throne indeed, Bitcoin has certainly set a standard for itself out there in the crypto space and many people are still in the crypto space because of the reliability of Bitcoin.

People invest in Bitcoin is here because of Bitcoin. People gamble here with altcoins only because of altcoins, they are not here because of Bitcoin and if they leave, it's because of their losses with scam altcoins.

Although most of these altcoins are shitcoins but there is still a fact that we can't deny About some of these coins and that is the ability of some of these coins to also pump very high along with Bitcoin during the bull run and if you lucky to purchase the right coins you can also make lots of cash from their pump although it's very risky because the same way they pump so fast that equivalently the same way they dump so fast too.

They have pumps without Bitcoin because they are centralized projects with most of circulating supply is in their founders or developer teams. It's easily to manipulate those altcoin market with centralized token distribution. In a Bitcoin bull run, cryptocurrency market gets more attention and many newbies will join it but unfortunately they choose altcoins to gamble, not choose Bitcoin to invest.

[Sophokles]

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.

[summonerrk]

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

The fact is that even if the price of Bitcoin was 5000, he was and will be more alive than all the living. The fact is that its blockchain is old and slow, as the situation with the ordinals flow showed, but Bitcoin is immortal. Even if its use does not become widespread, it has been and will remain a speculative tool that investors will never abandon. Institutions and banks have mastered how to make money on it by manipulating the price, and they will never give up such an instrument.

[benalexis12]

My understanding is that when Bitcoin was created and its value gradually increased in the market, as time passed, many investors continued to believe and invest in it. And as time passed, its popularity continued to increase.

And the name of Bitcoin rang even more when the altcoins that became clones of Bitcoin came out, which caused BTC's dominance to accelerate. And because of this, altcoins have helped increase the belief of others about Bitcoin as well. Therefore altcoins won't be created without Bitcoin.

[ChiBitCTy]

I agree the “halvining” is certainly a big deal for bitcoin and adds a very important feature to it that helps separate it from other cryptocurrencies as well as traditional currencies, but I don’t think this is really the main reason why bitcoin is still at such a high value comparatively to where it could be (much worse off). I honestly think the hopes and dreams of btc become much more valuable is sadly a much bigger reason why btc is where it is.

[seanskie18]

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

Bitcoin certainly played a pivotal role in establishing the cryptocurrency industry, and it continues to be a major player in the market. Its creation introduced the concept of blockchain technology and decentralized digital currencies. However, it's important to note that while Bitcoin is a foundational cryptocurrency, the industry has evolved and diversified with the emergence of various altcoins and blockchain projects.

[Casdinyard]

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.

[Mr.right85]

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;

_ 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.

The rutile is definitely one way to put it and it goes with well enough specifics on what is the case with an individual, an investor, having to be in the cryptospace and not own a single Satoshi, the very coin that has preserved the space. Just how are people doing that because, I see it as a must get some.

I practically get scared with altcoins, not because of the many noises that goes around on how they are scammers coins but, out of experience, altcoins have never favored me and I mean, never.

I find myself questioning in my decision and it’s not just worth the stress. A few users might make it huge from altcoins but, good luck with that.

[Smack That Ace]

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.

Altcoins do not lack the decentralized element, but instead they have removed the decentralized feature in exchange for speed and cheap fees. That was their choice and used them to advertise that they were better than bitcoin in every way but they failed because people need privacy, need decentralization. No one needs speed and cheap fees without being safe and controlled. That is why with thousands of altcoins created so far, there is still no altcoin that can replace bitcoin.

When the price of bitcoin falls, all altcoins will also fall, so it cannot be said that bitcoin's dominance is decreasing. If you check the chart over the past few months, bitcoin's dominance rate has sometimes exceeded 51%, which shows that bitcoin's dominance is eternal.

[freedomgo]

Anything created after Bitcoin may and probably will collapse, but Bitcoin will endure. Let us remember that. Bitcoin has weathered tough times on numerous occasions, yet it's still alive and kicking. I mean, look at the current price and how the market is moving; it remains relatively stable. One of the reasons for this stability is the trust of investors. We're actually seeing growth in numbers, especially now that we're likely heading into a new bull run.

Trust in Bitcoin and nothing else. You can invest in altcoins or any projects, but ensure that the majority of your investment is in Bitcoin. While some say it's quite risky due to its volatility, aren't we here to earn bigger returns? We're in a high-risk, high-profit situation, and we should embrace that.

[Xcode7]

Anything created after Bitcoin may and probably will collapse, but Bitcoin will endure. Let us remember that. Bitcoin has weathered tough times on numerous occasions, yet it's still alive and kicking. I mean, look at the current price and how the market is moving; it remains relatively stable. One of the reasons for this stability is the trust of investors. We're actually seeing growth in numbers, especially now that we're likely heading into a new bull run.

Trust in Bitcoin and nothing else. You can invest in altcoins or any projects, but ensure that the majority of your investment is in Bitcoin. While some say it's quite risky due to its volatility, aren't we here to earn bigger returns? We're in a high-risk, high-profit situation, and we should embrace that.

From what has happened since the past there should be nothing to be afraid of or doubt about Bitcoin anymore, many storms have passed and Bitcoin is growing and growing, not only the price but also many people's trust in Bitcoin and even as time goes by Bitcoin's popularity is increasing with the amount of positive news and movements carried out to stimulate it, making many people know and believe in Bitcoin.

The risk will always be proportional to the possible gain, and we are here to make a profit so that is very natural.
However, what happened to Bitcoin in the past makes me believe that the risk we face is time and ourselves to remain patient no matter what the conditions are because Bitcoin has a big enough opportunity to grow at any time even though it is in a difficult situation.

[Kakmakr]

Just remember one thing.... Centralized services are not Bitcoin.... these are profiteers of this technology and they could care less about it. Yes, it is convenient to use these services... and they helped a lot as an on-ramp for Bitcoin adoption, but that is the only advantage of having them.

They are huge honeypots for hackers and corrupt insiders to loot and the scandal that follow their collapse, influence everyone that are using this technology. 

[Texac]

Trust in Bitcoin and nothing else. You can invest in altcoins or any projects, but ensure that the majority of your investment is in Bitcoin. While some say it's quite risky due to its volatility, aren't we here to earn bigger returns? We're in a high-risk, high-profit situation, and we should embrace that.

I completely agree with you on this, we are here to make profits, but I don't understand why people always say stay away from altcoins and only invest in bitcoin, while not all altcoins are scams, there are many projects that still offer good returns.  as long as we know what we are doing with our money, we can invest anywhere.  if we want high profits, we must accept big risks, everything is proportional to each other. We are here to make a profit, not to prove who is right and who is wrong.

[freedomgo]

Anything created after Bitcoin may and probably will collapse, but Bitcoin will endure. Let us remember that. Bitcoin has weathered tough times on numerous occasions, yet it's still alive and kicking. I mean, look at the current price and how the market is moving; it remains relatively stable. One of the reasons for this stability is the trust of investors. We're actually seeing growth in numbers, especially now that we're likely heading into a new bull run.

Trust in Bitcoin and nothing else. You can invest in altcoins or any projects, but ensure that the majority of your investment is in Bitcoin. While some say it's quite risky due to its volatility, aren't we here to earn bigger returns? We're in a high-risk, high-profit situation, and we should embrace that.

From what has happened since the past there should be nothing to be afraid of or doubt about Bitcoin anymore, many storms have passed and Bitcoin is growing and growing, not only the price but also many people's trust in Bitcoin and even as time goes by Bitcoin's popularity is increasing with the amount of positive news and movements carried out to stimulate it, making many people know and believe in Bitcoin.

The risk will always be proportional to the possible gain, and we are here to make a profit so that is very natural.
However, what happened to Bitcoin in the past makes me believe that the risk we face is time and ourselves to remain patient no matter what the conditions are because Bitcoin has a big enough opportunity to grow at any time even though it is in a difficult situation.

That's the best approach when you're simply holding your Bitcoin; you need a lot of patience to resist the temptation to sell. I've personally experienced that in the past. I sold my Bitcoin when the market was in a panic during my first bull run experience back in 2017. I thought the market would keep going up, so I didn't try to sell. I became more ambitious and greedy because I was holding without a specific target for when to sell my Bitcoin.

After that experience, it made me realize that the market is bound to grow. It may not be as stable as other investments due to its high volatility, but if we look at the bigger picture, it's easy to convince ourselves that we're heading in an upward direction.