Failed crypto project will promote bitcoin more

[synchronym]

Bitcoin is the king of crypto and of course no one can beat it. However, yes, there are quite a few people who invest in Altcoins that are of poor quality with the aim of getting rich quickly, but those who are lucky will indeed get extraordinary profits and of course they will not give up on investing in Altcoins or others. However, those who experience losses will certainly give up on investing in Altcoins and will definitely end up investing in Bitcoin because they learn from experience and think that Bitcoin is the safest crypto.

To be honest, I was also in a situation where I experienced losses due to investing in Altcoins that were not of good quality and up to now I believe Bitcoin is still the safest but I also invested in Altcoins but only a little but still the money I use most is to buy Bitcoin most of the because I personally have tasted the sweetness of investing in bitcoin.

Yes, experience is a valuable teacher and indeed beginners sometimes experience losses when they invest because they are not investing in Bitcoin. However, experiencing bitter experiences has made some people realize that BTC is the best.

You are right I agree with you. People who are new to investing may choose alt coin instead of Bitcoin without having a good understanding of investing. But I myself would suggest to invest from alt coin to bitcoin because I myself prefer bitcoin investment. I invest in alt coin several times but unfortunately I didn't get much profit from it, due to which I almost refrained from alt coin investment. Bitcoin is an investment that changes people's fortunes but don't invest in the addiction of becoming a millionaire overnight of course if you can invest with a long term plan you can definitely get a lot of success out of this recruitment. If we invest patiently with a long-term plan in investing in Bitcoin, we will definitely get a lot of money from this investment, which will increase our interest in investing.

[CageMabok]

I wouldn’t say wrong. Cryptocurrency is not just bitcoin however it is the best. I still think people are entitled to some of their preferences. I think bitcoin is my best option among others but I wouldn’t judge someone who doesn’t invest in bitcoin.

It is their money after all and I am in no way responsible of that.

Everyone can judge Bitcoin based on what they already know through their own research into Bitcoin at this point. Although there are still some people who have not invested in Bitcoin, they may not be able to do so at this time even though they already believe in Bitcoin. I also agree with your assessment because on the other hand I also don't really care about where other people's money they want to spend it, because what is our own responsibility is what already belongs to us.

[kryptqnick]

Honestly, I think the days of everyone making their own crypto projects are kind of over, and the peak of popularity of this approach was in 2017. As for now, there are occasional hype waves regarding specific trends (NFTs, Ordinals, etc.), but those are temporary. I'm not sure Bitcoin is gaining strength from failures of useless altcoin projects, but I also don't think it's losing any of it, which is pretty good. While I agree that Bitcoin is a much more reliable investment, people are, of course, free to experiment with that, and unfortunately, some might feel discouraged to invest in Bitcoin after unsuccessful investments in altcoin projects.

[Churchillvv]

Certainly after some time spent with altcoins people especially beginners will begin realise the need for them to acknowledge bitcoin as the most reliable coin for investment, most times people come into the industry through altcoins that they most have mined in any way, some through tempting rewards offered by the new hypes but history always shows that they turn to bitcoin as the remedy.

Sometimes I feel even after knowing what bitcoin can be and how it works I still like people to go and explore then when they see the result they will turn back to bitcoin because experience is the best teacher they can go and experience the pains altcoins can cause them.

[bettercrypto]

During the period of 2017–2018, these were the times when many crypto projects failed that could be called crypto projects, and during these times, Bitcoin was really well known, not only in a good way because of the releases of crypto projects that were not successful in the end, but also because Bitcoin was used as a front for the failures that happened to crypto projects, something that should not have happened that way.

But in the end, most of them found out that Bitcoin was only used as an instrument in this matter, and even crypto was also used as a tool for scamming. Even now, it is still happening, but it is not like that year. because many people also became aware somehow.

[AnonBitCoiner]

That is what commonly happen to I think majority of crypto enthusiasts but some just make it as a diversification of their assets which is I think a smart move as they are owning both Bitcoin and Altcoins. But most newcomers to crypto experience that thing no doubt about that. I also started with Bitcoin adopt Altcoins and then have them both though just a few amount of dollars but yeah better than nothing.

Bitcoin and altcoins are profitable but in case of altcoins we cannot trust every altcoin because most of them turn into useless coins but if your success is greater than your failure then there is not an issue because we do everything for our success.

There should be different types of investment in different coins which we can continue to make profit but sometimes people understand this thing wrongly and invest in any altcoins without doing research first.

The better step is to buy both altcoins and bitcoin in which bitcoin should remain untouched for years and sell with a target price while you can sell altcoins anytime when you have profit from it.

[MundoCrypton]

altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.
[/quote]

Bitcoin, being the first cryptocurrency, has gained a reputation as a "store of value" and is often seen as a safer option compared to other newer, less established projects. Bitcoin's history and robustness provide a sense of security that many altcoins cannot yet offer.

[letteredhub]

altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.

At some point it's for the greater good to let them burn for it's only in that way can some people learn to really appreciate the uniqueness of bitcoin among all other cryptocurrencies. The saturation of new crypto projects all over the space with developers promoting shits and others with a rug pull premeditated plan, it therefore makes bitcoin reputation in the market noncontestible to beat.  It is actually the greed of some investors and a  lacking of patient that makes them go after these new projects for fast profit.

[Asiska02]

altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.

A lot of people have to learn by experience before they’ll know that they’re not trailing on the right path. Most times, they can’t be blamed because they are part of the process, they are either going in to be used as a tool to  those that invent the project or their own way of naturally understanding that bitcoin is the best way and they should stick to it if they’d knew about it. Bitcoin continues to show huge sign that it is the best to invest in, but investors looking to increase their income have now diversified more to get profits from all side which to some extent can be justifiable. Just know what you trade with in order not to get too disappointed in the end of the experience.

[irhact]

altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.

There are some things that can be done to stop newbies from making wrong investments mistake, we shouldn't ignored newbies going the wrong way by asking them to learn from their experiences. We are here before them so we can help to guide them to avoid making mistakes. Investing in over hyped cryptocurrency is not good investment but many newbies are investing in over hyped cryptocurrency as they don't know but think that they're doing the right thing.

We aren't financial guide to newbies but we can give them some helps that will prevent them from getting scammed. The less individuals that are getting scammed will make more individual to trust cryptocurrency but if the scams keep rising we mightn't have any individual left that'll be interesting in investing by buying some cryptocurrency for holding as the media will keep saying the cryptocurrency market is a scam one that will only make you a loser.

[Belarge]

Certainly after some time spent with altcoins people especially beginners will begin realise the need for them to acknowledge bitcoin as the most reliable coin for investment, most times people come into the industry through altcoins that they most have mined in any way, some through tempting rewards offered by the new hypes but history always shows that they turn to bitcoin as the remedy.

Sometimes I feel even after knowing what bitcoin can be and how it works I still like people to go and explore then when they see the result they will turn back to bitcoin because experience is the best teacher they can go and experience the pains altcoins can cause them.

Altcoins are pumping but they also do dump. Failed crypto projects do actually have positive influence on the rise of bitcoin in the market. This is no new thing because it's always been in existence since day one and we've all come to realized our energy towards these projects. Bitcoin is entirely different from the rest and I've watch closely how promising these projects have expand in the market. We should always stick to the promising ends of these project without actual focusing on them.

[boyptc]

altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.

That's why I always tell to invest in Bitcoin first. There's no problem if they're using airdrops and tokens to earn but if they want to stay on this market, Bitcoin will prolong their money.

Unlike with such random projects out there, many aren't telling their losses because it's shameful on how they fell for these failed ones.

But if you're into Bitcoin, compared to them it will no longer 100x-1000x as what they're expecting but the grow it has is stable, slowly but surely.

[oktana]

Failed crypto projects may promote Bitcoin ore but they will also cause FUD in the crypto market. Because people will be scared of further investing after their loss. For most people, that’s it for them. They’ll grow phobia for all form of cryptocurrencies investment. Bitcoin is already famous. And if it must, it should rather grow at a slower pace than grow through the failure of fellow cryptocurrency project.

[Dr.Bitcoin_Strange]

So many of these scam projects have already given a bad name to Bitcoin. It has done more harm than good to some people because there were people who already had a big interest in investing in Bitcoin, but because of the bad experience they had with failed altcoin projects, they decided not to invest in any crypto at all. Some people have misconceptions about Bitcoin because altcoins have caused them problems. It takes someone who is very determined to continue seeking the best option after they have been scammed by several projects. Anyone who loses interest in crypto after being scammed by several projects may not get to invest in Bitcoin again. 

[Huppercase]

altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.

ID you're are familiar with CZ Binance ex CEO speech about crypto, he always give reference to Bitcoin most of the time before he would mention BNB and that's because he understands the power of Bitcoin and how much power it carries when you say it before altcoins. He might love his bnb coins more in the backstage but always call Bitcoin before any other coins. This is the logic most altcoins are using, they know that they can't penetrate the market deeply without the mention of Bitcoin.

Personally, I don't see a problem with Bitcoin they are using to make promises. It's a good PR for Bitcoin and I believe Bitcoiners understand differences between Bitcoin and all this altcoins. Some people wouldn't still buy an altcoins if Satoshi was to be the founder of that altcoin, they prefer to have Bitcoin forever thing than associated their investment into any altcoins.

[BRINIRHA]

altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.

This is indeed a fact that must have been experienced by many early adopters at first. Because many of us first learned about crypto from altcoin projects and didn't start from knowing about bitcoin. but in the end everything will be answered and you will slowly realize that investing in Bitcoin is still much more profitable and safer. Or you could say it's not as big as the risk in Altcoins. But I'm still interested in both. Bitcoin for the future. And Altcoins to make quick profits in the medium or short term. It's just that if we don't have time to make a long analysis regarding an altcoin project then it's better to avoid the altcoin itself. And just focus on bitcoin.

[serjent05]

altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.

No, I think most of people who are into altcoins often ends up converting their token to fiat currency.  For these people it is a sure profit so why should they convert their profit to Bitcoin?  After all those who are into altcoins mostly focus on profit by converting their tokens to fiat currency.  Only a few of them will think of converting their altcoins to Bitcoin.

So many of these scam projects have already given a bad name to Bitcoin. It has done more harm than good to some people because there were people who already had a big interest in investing in Bitcoin, but because of the bad experience they had with failed altcoin projects, they decided not to invest in any crypto at all. Some people have misconceptions about Bitcoin because altcoins have caused them problems. It takes someone who is very determined to continue seeking the best option after they have been scammed by several projects. Anyone who loses interest in crypto after being scammed by several projects may not get to invest in Bitcoin again.

I highly agree that most of these scam altcoins give a bad taste to cryptocurrency specifically Bitcoin.  So I do not think that failed cryptocurrency project will promote Bitcoin since most people especially newbies hardly find the differences between cryptocurrencies.  Worst, they will find fault on Bitcoin and retain their negative impression.

[Promocodeudo]

Their is no doubt that cryptocurrency has taking over the world, everyone is trying to develop a crypto project that will attract investors to invest in them. As the day counts by people are getting awareness of crypto project which they found it very nteresting to engage themselves with things that has to do with cryptocurrency. Their are lots of fake projects that people are investing in, and more fake projects are still coming and people will still found it interesting.  Bitcoin is the pioneer and footing behind other cryptocurrencies, tokens, NFTs, and airdrops that we have today. People will make mistake to invest in these project maybe because they lack understanding but with time they will correct their mistakes to turn back to bitcoin which is the best to invest.

altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.

The thing is that whether a project fail or not Bitcoin surpass other cryptocurrency, no matter how a project is, there is always a limitations to ith existence which is the price limit, since Bitcoin was developed, no cryptocurrency has ever surpass it in price, is not as if investors do not understand that other project mat face dump along the line but is just as aa new project with high speculation, some investors be it new or old will like to buy to see if they can make profit but once it fail, bitcoin bevomes the next move, old investeors understand that any other project apart from bitcoin can fail anytime because the price of Bitcoin controls other crypto price thats why many altcoin hodlers always pray for Bitcoin price surge so that altcoin can gain relevance in the market, Bitcoin is growing more in publicity and I think most newbies in the business understand the worth and the authenticity of this digital asset.

[davis196]

altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.

All those altcoin/token/NFT projects are mostly being marketed to the crypto community. I highly doubt that someone outside the crypto community would be interested in such projects. It's usually the other way around. The people, who got interested in crypto buy BTC first, and then, some of them start buying altcoins/tokens/NFTs. Maybe your statement is partially true, but it's hard to gather enough evidence and data to prove such claim.
I have the feeling that most people, who lost money on crypto scams never touch crypto again(even Bitcoin) because of the frustration and the lack of trust towards anyone in the crypto industry.

[wxa7115]

Their is no doubt that cryptocurrency has taking over the world, everyone is trying to develop a crypto project that will attract investors to invest in them. As the day counts by people are getting awareness of crypto project which they found it very nteresting to engage themselves with things that has to do with cryptocurrency. Their are lots of fake projects that people are investing in, and more fake projects are still coming and people will still found it interesting.  Bitcoin is the pioneer and footing behind other cryptocurrencies, tokens, NFTs, and airdrops that we have today. People will make mistake to invest in these project maybe because they lack understanding but with time they will correct their mistakes to turn back to bitcoin which is the best to invest.

altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.

I do not really think this is how things actually happen, in my opinion it is way more likely that once a person has been burned by investing in a bunch of shitcoins, that they will simply think about the whole market as a scam and leave this market forever.

The other option is that since those people would have lost a lot of money with those coins, that they fail to consider bitcoin as an option at all, as it will take them a long time to recover their losses, so they will keep investing in shitcoins hoping for a miracle that will never come.