The fall of shitcoin/altcoin, the rise of bitcoin

[Promocodeudo]

Bitcoin is very excellent among all this coin, may be because of it's publicity and continues support from people that has been encouraging it existence by making it a mode of payment in their fame or establishment, now come to think of it, how many establishment has ever advertised other coin as their mode of payment, do you know that with this advert alone people that are not interested will begin to put much interest in it, but the truth is I have always thought of this for a long time bitcoin looks like there are many coin in it, because manner at which this coin values, if you add four coins value together they won't still reach its value, though this is my thought.

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[DubemIfedigbo001]

So I come they think wether na these things wey happen to people naim increase bitcoin adoption pass the way e been dey before or bitcoin for just grow without these things wey I talk.

Abeg make ona shear ona idea on wetting ona think dey increase bitcoin adoption

One thing you need to know be say, in life there are bound to be competitions. If there are no competitions, it means say, your product no make sense. Just like Gold Is tested by fire, Bitcoin has been tested, is still being tested, and will continue to be tested by the emergence of many minor coins whose orientation, originality and stability is no where comparable to bitcoin.

Their emergence and  the continuous dominance of bitcoin is enough proof to anyone on which is more superior and has more promising potentials for longevity.  Bitcoin's dominance has continually announced its superiority to other shitcoins and that's the reason why more people are embracing the Lord of cryptocurrency. Its not surprising to me at all that most coins are going extinct cos most  people don't have long term plan for their project, all they want is for people to buy, they cash out and make their way.

 The halving next year will still introduce a lot of low quality coins which will disappear almost immediately from the markets, I saw them last time and I'm expecting the wolves to still prey on uninformed people by next halving.

[CryptopreneurBrainboss]

But the truth is I have always thought of this for a long time bitcoin looks like there are many coin in it, because manner at which this coin values, if you add four coins value together they won't still reach its value, though this is my thought.

Bitcoin no get many coins inside oh, na only Bitcoin dey there, the value big as e big because of the power of demand and supply, Bitcoin get very low supply just 21 million wey dey like this so imagine all the demand wey e get yet na only 21 millions wey person fit buy unlike all this altcoins wey dey get billions of supply. The more the demand of Bitcoin dey increase the more the price go dey go up and na why Bitcoin better pass all this altcoins as guarantee dey say demand go dey come for Bitcoin side but this altcoins no get guarantee as you fit self no know which one wey people go hype for the upcoming market season so e just better you stay with wetin you know say no matter how e go be, e must rise due to the demand wey the market go get after halving wey dey come up.

One thing you need to know be say, in life there are bound to be competitions. If there are no competitions, it means say, your product no make sense. Just like Gold Is tested by fire, Bitcoin has been tested, is still being tested, and will continue to be tested by the emergence of many minor coins whose orientation, originality and stability is no where comparable to bitcoin.

I no see all this altcoins as competition to Bitcoin self because their weight no reach na. If na adoption dem no get, Ethereum self wey me I been dey think say go fit challenge Bitcoin for the top spot for adoption and trading volume done go mumu change algorithm and now e dey staking wey just dey give power to those with the highest amount of Ethereum to control the market and centralized the blockchain more. We supposed know say na whales and exchange go get the most power for the staking algorithm as na dem go get the most Ethereum. Altcoins dey compete among demselfs as dem dey find who go come out second to Bitcoin and not having any competition with Bitcoin. Bitcoin just dey him own line and miles ahead of the other cryptocurency dem.

[Fiasem20]

Na bitcoin be the Odugwu,nai ehn be the general for the cyptro space.If we dey talk about long term investment nai Bitcoin be the No.1.Currently bitcoin price dey low(dip) but even as that when the price go high e choke all those people wey dey invest on shitcoins.From wetin I dey hear I no sure say I fit invest on shitcoin, because some shitcoin wey dey for the cyptro market don report many scam case,some don even crash e mean say dem no dey exist again.Wetin I fit tell all the investors out there make una choose the right cyptrocurrency(Bitcoin)to invest on,no go follow pipo invest on shitcoin wey na Short term investment u fit end up with loss.Dem say patient dog eat the fattest bone, wetin I dey try talk be say hodl ur coin with patience after now bitcoin go bounce back (Bull run market).

[Cryptoprincess101]

I greet ona o. I just dey reason how many coin don surface for air after bitcoin. So many of them don fall finish. If you go coingecho or any crypto website, you go see say na everyday coin dey enter market and naso them get short life spam. People wey never know wetting the happen go dey buy am dey Happy say there future don bright not knowing say na junk then they buy. Tera Luna and FTT coin show people shegge and other ones wey I no no. Now people come dey realise say na bitcoin be the Koko. So I come they think wether na these things wey happen to people naim increase bitcoin adoption pass the way e been dey before or bitcoin for just grow without these things wey I talk.

Abeg make ona shear ona idea on wetting ona think dey increase bitcoin adoption

Just as the name implies "shitcoins" they have no volatility at all as all we experience from this shitcoins is just pump and dump as the people that introduces this shitcoins knows perfectly well that those coins can survive the crypto market where there are more volatile cryptos like Bitcoins that has higher volatility and everyone's interest is mostly on Bitcoin so definitely, as Bitcoin surfaces all other coins tends to fall and vanish in other to make way for Bitcoin to still maintain it's high profile among other cryptocurrencies.

What increases Bitcoin adoption the most is it's sustainability because Bitcoin over the years, has stood out among other cryptos thereby making it future to be guaranteed on like some shitcoins that rises as a result of hype and later on perishes and any investor holding such a coin will definitely run into losses.

[Makus]

Just as the name implies "shitcoins" they have no volatility at all as all we experience from this shitcoins is just pump and dump as the people that introduces this shitcoins knows perfectly well that those coins can survive the crypto market where there are more volatile cryptos like Bitcoins that has higher volatility and everyone's interest is mostly on Bitcoin so definitely, as Bitcoin surfaces all other coins tends to fall and vanish in other to make way for Bitcoin to still maintain it's high profile among other cryptocurrencies.

What increases Bitcoin adoption the most is it's sustainability because Bitcoin over the years, has stood out among other cryptos thereby making it future to be guaranteed on like some shitcoins that rises as a result of hype and later on perishes and any investor holding such a coin will definitely run into losses.

Guy e be like say you dey mistake the definition of Bitcoin and shitcoin, before I clear you for that part, I go like make you know wattin shitcoin be. Shitcoin na coin wey be say dem create for the market wey come get small value come go back down, or coin wey since them create am e go gree get value at all, or you fit call all those scam project shitcoins. Many of those meme coins wey go pump until Dem go come start to dey dump until Dem mo get value again, we dey call those type shitcoins. And besides most of those shitcoins Dem volatile pass Bitcoin by far, in fact Bitcoin no even volatile reach some altcoins for the crypto network. If you observe closely when the market dey experience some pump, you go see say while Bitcoin dey like 6%increase some coins dey count 23% and when the market dey dump na so them dey use that same energy wey Dem use take pump take dump.  And coin like that nor dey too last for market before you go know them don turn shitcoin.

More years to come, altcoins no go fit take the place of Bitcoin for the crypto network. Some of them sef go fall after the halving event as the dump in price go take place after the halving some of those coin no go fit again their sef and na so them go just die like that, beside Bitcoin na long term while some of those coins na just for short period , maybe for just 1 month or 3 before them lost for the market. So una wey dey buy altcoin make una dey careful not to go buy shitcoin wey don already dey go down thinking say e go rise up one day.