Say no to maximalism

[B1-66ER]

Embrace being a maximalist and keep the scammers at bay.

[Orpichukwu]

Absolutely correct. Nowadays, it's easier to see someone who will propose to pay you for service with LTC compared to BTC. The LTC usage case is just increasing on a daily basis, and I think most people started moving over and getting familiar with the currency (LTC) during the last ATH on Bitcoin transaction fee.

Fees has been the basic reason behind every alternative option to Bitcoin. Make no mistake, these alternatives can’t and wouldn’t replace Bitcoin. They just serve there purpose for a time and then, Bitcoin continues its dominance.

There is no doubt for now that bitcoin can't still be replaced by those altcoins. Let's take the full decentralised nature of bitcoin aside. In what way do you think those alternative currencies won't be able to compete and replace Bitcoin usage? 
 
No discrimination; it's just a matter of time. If there is always a price hike on the transaction fee of Bitcoin, there will definitely be a competent competitor that will take away that throne from Bitcoin. The world is revolving, and we are all open to embracing new technologies as long as they will serve the purpose we need them for.

[Smartvirus]

There is no doubt for now that bitcoin can't still be replaced by those altcoins. Let's take the full decentralised nature of bitcoin aside. In what way do you think those alternative currencies won't be able to compete and replace Bitcoin usage?

If you’re taking away from Bitcoin something that gives it the most quality, how do you expect it to perform then?

That aside.
How many altcoins out there can you be confident about?
One of the core aspects that brings more value to Bitcoin is the complete absence of Satoshi Nakamoto in the picture, leaving everything to a consensus rule. You don’t find this a lot in altcoins.

Bitcoin is that coin that didn’t go through any coin offering to gain popularity and attract value to itself most of all these other coins did and have a switch button somewhere that could be restart. Vitalik already did once with ETH.

No discrimination; it's just a matter of time. If there is always a price hike on the transaction fee of Bitcoin, there will definitely be a competent competitor that will take away that throne from Bitcoin. The world is revolving, and we are all open to embracing new technologies as long as they will serve the purpose we need them for.

Have you ever wondered what cases price hike on blockchains…

It’s largely congestions but, these arises not just by the loads of transactions that are been done on it although, in a way that’s it but, you would understand that projects gets built on other blockchains and when it turns out that, the blockchain isn’t serving well enough, then its unto the next.
We’ve seen that with ETH, Solana and what’s trending at the time for memecoins is Tron.

We wouldn’t be switching for every slight change and that’s where Bitcoin wins.

[Abiky]

Absolutely correct. Nowadays, it's easier to see someone who will propose to pay you for service with LTC compared to BTC. The LTC usage case is just increasing on a daily basis, and I think most people started moving over and getting familiar with the currency (LTC) during the last ATH on Bitcoin transaction fee. 
 
Why the price of LTC still falls against Bitcoin could also be as a result of Bitcoin occupying the highest trading volume in the market; there is still a higher belief in the market, which is like "an injury to Bitcoin is an injury to all." 

In terms of security/reliability, Litecoin is inferior to Bitcoin. But I get the point. You must take advantage of low fees for your own benefit. There are times when Bitcoin becomes heavily-congested, resulting in higher than average network fees (Ordinals craze, halving event, etc). That's where altcoins like Litecoin and Dogecoin come in. I'm surprised how undervalued LTC is, especially when it was touted as "Silver to Bitcoin's Gold" in the early days. It's often overlooked by mainstream traders and investors alike.

Despite the benefits of Litecoin, that won't stop some people from becoming a Bitcoin maximalist. You are free to choose your own cryptocurrency for day-to-day payments. Some people prefer to use only Bitcoin because of its unmatched security/reliability/decentralization, while others prefer BTC and a combination of alts out of convenience. Crypto land has gone far since BTC's inception, so I'd expect it to grow further in the future. This means altcoins will be relevant whenever you like it or not. Only time will tell us which ones will fail, and which ones will survive the tide.

[Outhue]

Actually bitcoin is superior to the other alts in many ways. None of the alts have the same network effect which bitcoin has. Bitcoin had a natural coin distribution since the beginning and it is because even though satoshi was the first miner, his coins never moved.

I strongly agree that bitcoin is far superior than every other altcoin.

However, there is a point in BlackHatCoiner argument, which he didn't mention: there are good opportunities outside cryptocurrencies.

There are many other good assets around: Gold, stocks, other metals, even treasuries or other bonds. The World is so vast to be fixed in 1 type of asset.

The crazy part is we can all choose with one suites us best, I know a woman who purchased two plots of land and guess what? After a few years of buying the land she found out that it belonged to the government, she didn't believe and build a home on the land, now the government have given them quick notice to evacuate.

Before you talk about legality, I am from a country where you can't win its government even if you are right, I have seen powerful men who got cheated and robbed of their lands even a giant pastor who knows the right way of securing lands, when the government says no you have no choice,I said all these to proof that some businesses and investment are better in other countries but not all countries, e.g mine.

I keep saying that I feel at home finding Bitcoin and crypto investment, stock is just a plus but my end game is that I want to be rich somehow without anyone knowing how much I am worth, they won't see any visible investments but money will keep coming, I love this more than anything, I feel more safer and protected as a crypto investor more than anything.

[Antotena]

There is no doubt for now that bitcoin can't still be replaced by those altcoins. Let's take the full decentralised nature of bitcoin aside. In what way do you think those alternative currencies won't be able to compete and replace Bitcoin usage? 
 
No discrimination; it's just a matter of time. If there is always a price hike on the transaction fee of Bitcoin, there will definitely be a competent competitor that will take away that throne from Bitcoin. The world is revolving, and we are all open to embracing new technologies as long as they will serve the purpose we need them for.

I grow up and learn that Bitcoin has always been the best, some of the people that project that idea most of them has left the forum and hasn't returned and during the course of those idea digestion, I do feel a bit out of their league but of course, don't want to be off person I do follow up their ideas but later I think there is no best in life, there's always be something that will replace the existing ones whether we accept it or not bit that doesn't mean the previous is not the good.

Bitcoin might not have a replacement now but development can come from anyone. The idea of decentralization isn't even that string again, just do the maths and check the wallet address that are holding millions of Bitcoin, they are centralized wallet and institutional investors, the retailers which are the people have one or less than one in their wallet address. We can't continue with 10 min transaction, who knows what the world will say tomorrow.

[Dr.Bitcoin_Strange]

Embrace being a maximalist and keep the scammers at bay.

It's not every project that is a scam tho, some project are still legit and even if they will experience any challenge that can cause them to fail just like Luna did, before that will happen, you have already taken your profit. Although, you can stay a maximalist if you can not bear the risk that is attached to investing in other projects.

[SamReomo]

Don't be myopic and dogmatic. Say no to maximalism.

Very well said, I fully support your thoughts and whatever you said about maximalism and Bitcoin maximalists is true. Being part of Bitcoin community, I'm also someone who wholeheartedly support Bitcoin and anything related to it, but I wouldn't consider myself as Bitcoin maximalist because I'm also into other well-known crypto currencies and I do use those more often sometimes when Bitcoin fees get higher.

I've been part of Bitcoin community since 2016 and I'll always say that there's no other cryptocurrency like Bitcoin, but that's my pure love for Bitcoin as it helped me to become financially stable but it doesn't mean that other cryptocurrencies are less good as compare to Bitcoin. When it comes to privacy then there's no match for Monero, and when it comes to speed then LiteCoin does quite good in that department.

Love for one thing is a good but that doesn't means that one should consider it superior than others. I know Bitcoin is on top and it will always be on top but surely there are many cryptocurrencies other than Bitcoin that most of us use on daily, weekly or at least monthly basis and some of those really solve our issues. As a trader I often use USDT as that's a stable coin and that's much better to secure your profits then Bitcoin as it can get some dips.

Being a maximalist prevents someone from understanding good qualities of other things and that's why I believe one should try to avoid being a maximalist at any cost.

[Ever-young]

Embrace being a maximalist and keep the scammers at bay.

And who are the scammers that you are referring to? Not all altcoins are scams, because the majority of those coins are major scams, but that does not mean that we can refer to them all as total scams.
 
We should still create room and study other rising projects and existing ones that provide reliable service.
 
It shouldn't just be all about bitcoin; bitcoin is superior, no doubt, but we should always check out others if everyone has been a maximalist on existing payment options that existed before Bitcon who could have discovered the features of bitcoin.

[Lida93]

Embrace being a maximalist and keep the scammers at bay.

It's not every project that is a scam tho, some project are still legit and even if they will experience any challenge that can cause them to fail just like Luna did, before that will happen, you have already taken your profit. Although, you can stay a maximalist if you can not bear the risk that is attached to investing in other projects.

I don't blame anyone for chosen to be a bitcoin maximalist as it's a fault not theirs, for the coin has earned it and if there develops any other altcoins that could match up to that position as bitcoin has, then we won't be having this discussion. Investors are mostly interested to put their money on assets with considerable measure of security, less risk and not some potential pump and dump coin's. And most importantly, for the drama's many investors has experienced with many of these altcoins they had trust on but which later became a disappointment you then don't really expect to see a growing maximalists community forming around any altcoin.

[Dr.Bitcoin_Strange]

Embrace being a maximalist and keep the scammers at bay.

It's not every project that is a scam tho, some project are still legit and even if they will experience any challenge that can cause them to fail just like Luna did, before that will happen, you have already taken your profit. Although, you can stay a maximalist if you can not bear the risk that is attached to investing in other projects.

I don't blame anyone for chosen to be a bitcoin maximalist as it's a fault not theirs, for the coin has earned it and if there develops any other altcoins that could match up to that position as bitcoin has, then we won't be having this discussion. Investors are mostly interested to put their money on assets with considerable measure of security, less risk and not some potential pump and dump coin's. And most importantly, for the drama's many investors has experienced with many of these altcoins they had trust on but which later became a disappointment you then don't really expect to see a growing maximalists community forming around any altcoin.

It's not their fault, yeah, but when you are a maximalist, you can miss out other opportunities that could have earned you thousands or millionaire of dollars. There are lots of scams with the altcoin market but there are also some opportunities with a few tokens, but if you are not ready to risk it, better you only accumulate Bitcoin.

[Huppercase]

It's not their fault, yeah, but when you are a maximalist, you can miss out other opportunities that could have earned you thousands or millionaire of dollars. There are lots of scams with the altcoin market but there are also some opportunities with a few tokens, but if you are not ready to risk it, better you only accumulate Bitcoin.

I think the failure of Altcoins is the reason why many of them has refused to accept them, right From ICO time there has never been any successful altcoins that has good reputation like Bitcoin, only ethereum come close but I always have issues with the maximum supply since nothing has been said about that supply but look at Bitcoin, it's just 21 maximum supply, no team, no foundation, no treasury, no ventures and all sort of seed rounds yets it's doing better.

However, I think there is nothing bad if you risk little. If you have had the opportunity to accumulate Bitcoin, the love and passion to see Bitcoin grow shouldn't stop one from looking at other opportunities. There are many alcoins that have printed life changing profits that you can take and still invest the money back into Bitcoin and you will be getting rich and richer in Bitcoin, that's what a smart maximalist should do and not hate every ideas.

[mirakal]

Embrace being a maximalist and keep the scammers at bay.

It's not every project that is a scam tho, some project are still legit and even if they will experience any challenge that can cause them to fail just like Luna did, before that will happen, you have already taken your profit. Although, you can stay a maximalist if you can not bear the risk that is attached to investing in other projects.

If you intend to be a maximalist, most probably your mindset and intentions are just limited, which I think is not suitable if you chose bitcoin as your investment. Bitcoin is always unpredictable, it could surge high and drop to its bottom before we knew it.So if you'll only stick to it and is not open for other investments, you might be in trouble and become depressed in the future. If you can't bear the risks associated with bitcoin, then just diversify and avoid being a maximalist.

[OgNasty]

I’ve always thought that people should be diversified in whatever manner they are comfortable with. I don’t see crypto as an exception to that rule. Especially in technology, where trying new things and seeing what is possible is important. That being said, Bitcoin is number one and there is no second best.

[Zlantann]

It's not their fault, yeah, but when you are a maximalist, you can miss out other opportunities that could have earned you thousands or millionaire of dollars. There are lots of scams with the altcoin market but there are also some opportunities with a few tokens, but if you are not ready to risk it, better you only accumulate Bitcoin.

The challenge is how will you be able to identify projects that are genuine in the altcoin market. Some of them that have failed looked promising but the majority of them end up becoming worthless, and just a few become profitable. Some people don't like these altcoin's complexities, so they decide to focus only on Bitcoin. Don't just look at only the money people have made investing in altcoins, others have lost fortunes because they put their money in some of these failed projects. Just as you said, if you are not willing to take the risk associated with altcoin, Bitcoin is the easiest and safest crypto investment.

[fredericktaylor]

Every person's point of view will be different, it is normal that my point of view will be the same, the person who will be against me will have the same point of view and somehow we can't think about anything without profit, it is a key part of our point of view because
From my point of view I love Bitcoin as much as any other coin but from the point of view I have made more profit from other Alta Coins than Bitcoin, I favor Alta Coin more, despite the high risk.This doesn't mean you should invest in other altcoins instead of Bitcoin, that's your own personal matter and your perspective.

[Dr.Bitcoin_Strange]

However, I think there is nothing bad if you risk little. If you have had the opportunity to accumulate Bitcoin, the love and passion to see Bitcoin grow shouldn't stop one from looking at other opportunities. There are many alcoins that have printed life changing profits that you can take and still invest the money back into Bitcoin and you will be getting rich and richer in Bitcoin, that's what a smart maximalist should do and not hate every ideas.

How ever, I also agree with you that it's not totally a bad idea to risk a little. Take for example, there were investors that bought BNB and ETH for not more than $5 during their early days and if those investors held their coins till date, it would have been a very big profit for them too.

There are some genuine project developers who also have plans to create a good successful project that they can develop and go to the moon and if we are lucky enough to catch those kind of project during their early stage and risk some money on the coin or token, that will be a huge profit in the future. Despite that am not investing into alt coins, am not completely against it.

[o48o]

Embrace being a maximalist and keep the scammers at bay.

It's not every project that is a scam tho, some project are still legit and even if they will experience any challenge that can cause them to fail just like Luna did, before that will happen, you have already taken your profit. Although, you can stay a maximalist if you can not bear the risk that is attached to investing in other projects.

If you intend to be a maximalist, most probably your mindset and intentions are just limited, which I think is not suitable if you chose bitcoin as your investment. Bitcoin is always unpredictable, it could surge high and drop to its bottom before we knew it.So if you'll only stick to it and is not open for other investments, you might be in trouble and become depressed in the future. If you can't bear the risks associated with bitcoin, then just diversify and avoid being a maximalist.

It goes further then being just an investment when you are maximalist. Price doesn't matter really, because being a maximalist often means that you lose all objectivity and instead of seeing any problems in the tech that you are fan of, you project that by focusing on problems of other coins. Which isn't really productive.

I see it as simliar to hero worship phase in a childhood development, and it might as well could be. Maximalists need something they can always rely on and never question if their "champion" (coin), is doing ok or not. Because it can only be doing ok. There are no faults, or downsides in it. Until they finally admit that they were scammed, and then they need a new champion to worship.

[Abiky]

And who are the scammers that you are referring to? Not all altcoins are scams, because the majority of those coins are major scams, but that does not mean that we can refer to them all as total scams.
 
We should still create room and study other rising projects and existing ones that provide reliable service.
 
It shouldn't just be all about bitcoin; bitcoin is superior, no doubt, but we should always check out others if everyone has been a maximalist on existing payment options that existed before Bitcon who could have discovered the features of bitcoin.

"Meme" coins are usually a "gold mine" for scammers. The majority are them are just pure cash grabs. Legitimate projects are those who bring real use cases to the world. They provide innovation compared to the rest of the pack. Bitcoin is the most "trusted" cryptocurrency because it's the one project that started it all. But that doesn't mean it's free from scams. Scammers can use the cryptocurrency to fool others for their own benefit.

I understand why maximalists prefer BTC above anything else. It's because there's no other project that is as decentralized and censorship-resistant as BTC. But I'd say, buying and holding a few prominent alts alongside BTC never hurts. Just as long as you avoid investing more than what you can't afford to lose. It's a "free" market (as in liberty). So people decide whenever to support BTC or alts (or a combination of both) based on their needs. I'd expect Bitcoin to withstand the test of time as long as it stays true to its principles of decentralization.

[DeathAngel]

I find that a large majority of people who dislike Bitcoin maximalism are people who got into Bitcoin for example, after 2017. It seems to be people that have a low amount of Bitcoin, maybe less than one Bitcoin & they try to convince themselves that shitcoins are good & will moon. It seems part of human psychology, a monkey brain situation that 1,000,000,000 random shitcoin is better than the $ equivalent in Bitcoin. Kinda like 100 nuts are better than 5 nuts even if the 100 nuts are rotting & the 5 nuts are ripe & healthy. Obviously we are all perfectly within our rights to buy what we want but just an observation of mine that the most vocal anti maximalism guys are low coiners. I have some shitcoins but very low amount. The very vast majority of my net worth is in Bitcoin. Everything else is a gamble in my opinion.