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Author Topic: BITCOIN FUTURE IN DOUBT  (Read 748 times)
TheUltraElite
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July 18, 2024, 07:02:53 AM
 #61

This is a bitcoin forum and we are thriving here because we all support bitcoin and it has supported us in the mean time. Newer asset classes are always welcome but only if they bring something new to the table. What one exchange thinks today, may change tomorrow, but one thing never changes, is that bitcoin is the only coin you need in crypto.

I notice OP still hasn't returned to the topic.  Just posts the FUD and then disappears off to the next thread without a care.  Maybe this current generation of speculators just have short attention spans.   Roll Eyes
This a common method used by shill accounts. Probably the account is used by the exchange to ejaculate cooked up posts and spew it over the forum.

Often they are hiring people for this and its sad to see that certain account owners are willing to accept it for get their stomach's filled.

R


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Abiky
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July 18, 2024, 01:22:32 PM
 #62

Crypto or cryptocurrency includes Bitcoin and alternative cryptocurrencies aka. altcoins with market for investors and traders to do their jobs.

They can invest directly by purchasing those cryptocurrencies or indirectly through Spot ETFs. It's their personal choices and need to research on risk of trusting third party entities to secure their money. If they afford the risk with third parties, they can go with Spot ETFs. If you can not afford that risk, go with non custodial wallets, be their self custodians to secure own money. Be their own banks, with non custodial wallets that better, need to be open source, not close source.

Choose wallets through research, read reviews, reproducible tests, and have proper, safe backups.
Reminder: do not keep your money in online accounts or in other words, "Not your private keys, not your coins".
How to back up seed phrase
Choose your wallets
Walletscrutiny.com. Reproducible tests.

Of course. It's all a matter of personal preference. Those who want the flexibility of not having to protect their Bitcoin or set up a wallet, would find investing in a spot ETF the best choice. Others will simply choose to invest in BTC directly and store their holdings in a non-custodial wallet for safekeeping. This last method gives you full control over your BTC. As much as I don't like institutional investment firms buying up all of the BTC, there's nothing we can do if we want mainstream adoption to rise over time.

I wouldn't say Bitcoin's future is in doubt, especially when demand for the cryptocurrency is higher than ever. Perhaps, altcoins' future is in doubt. Not Ethereum, nor Solana. But low cap altcoins and "meme" coins that are purely-speculative. The crypto market behaves in many strange and bizarre ways, so expect the unexpected.

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July 18, 2024, 02:23:07 PM
 #63

Really? Really? Why do you people even bother sharing these shitty articles? BTC is the undisputed king of cryptocurrencies and it has proven it again and again over the course of time.

It's seriously hilarious seeing BTC haters trying to challenge its unrivaled supremacy despite being proven wrong again and again. Think op!

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July 18, 2024, 02:27:04 PM
 #64

It's the opposite, altcoin holders including ethereum holders are also showing interest to secure their profits through buying Bitcoin. The ETFs are there for both Bitcoin and Ethereum but why you doubt Bitcoin when it's the first and top cryptocurrency? It's more likely that people aren't willing to sell their Bitcoins at any moment now. Although OP might have been pointing it out with what has happened with Germany.

But even so, the majority of the holders aren't willing to sell at this point their Bitcoins for Ethereum. I do think that ETH holders might be the one that would like to sell theirs for Bitcoin. And that's the reason why many DCA Bitcoin because it's more precious than ETH. Well, whether you hold btc or eth, as long as you've got a nice chunk of it, they're both good to hold.

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July 18, 2024, 02:36:03 PM
 #65

I think it's just their opinion, because so far Bitcoin is doing very well in the market, as we can see that more and more investors are interested in it and its price is growing well in recent times. And also I don't think that Ethereum is able to beat Bitcoin in terms of market capitalization, just look at the difference in market capitalization between Ethereum and Bitcoin now, it's quite different. And it also proves that even though there are more altcoins and ETFs on the market, people have more confidence and trust in Bitcoin and that is what makes it even more valuable in the future.

R


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July 18, 2024, 03:06:33 PM
 #66

I don't think it's that fast OP. In my view, the big investors remain primarily focused on BTC while ETH remains positioned in the second option. The so-called survey or news is synonymous with looking for sensations, especially if market conditions are not good or when there is a change in market dynamics. Well, the important thing to note is that we are also sometimes even often trapped with headlines on a topic/news and if it is delved into more deeply just to provoke public expectations, especially those who are not fully familiar with BTC. I believe that the big players are also very wise in choosing which ones are prioritized and which ones come first.

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