You may lose hope in other cryptocurrencies but not in bitcoin.

[jvaimamu]

Contrary to what many people believe, Bitcoin is actually not the first ever Crypto-currency, rather it best to say Bitcoin is the first well known Crypto-currency.

Bitcoin is not a first cryptocurrency but it's a first decentralized and successful one.
Bitcoin prehistory.
Before Bitcoin, there are some cryptocurrencies: DigiCash, CyberCash, E-gold, HashCat, Bit-Gold, B-money, and Bittorent.

https://pbs.twimg.com/media/Dcmd0LBV4AECrwd?format=jpg&name=900x900

 
WOw! are they centralized ?

[Orpichukwu]

Investing in & holding any cryptocurrency over a long period is hard. Most people can’t handle the volatility, seeing your net worth take regular big swings can be mentally exhausting. Bitcoin is your safe haven in crypto though, I would not trust anything else long term.

Anything that has to do with long-term holding requires determination and patience; if you are not determined enough, seeing your portfolio draining down nonstop without a sign of it hitting back up can cause the person to sell prematurely with the intention of trying to save that little which is left instead of losing it all, which is why it requires courage to overcome such a difficult moment, although that kind of commitment should only be exercised when the person is holding a trusted asset which, no matter how low it drops, will certainly bounce back; what's only required is time.

[Hanadawa]

Investing in & holding any cryptocurrency over a long period is hard. Most people can’t handle the volatility, seeing your net worth take regular big swings can be mentally exhausting. Bitcoin is your safe haven in crypto though, I would not trust anything else long term.

Anything that has to do with long-term holding requires determination and patience; if you are not determined enough, seeing your portfolio draining down nonstop without a sign of it hitting back up can cause the person to sell prematurely with the intention of trying to save that little which is left instead of losing it all, which is why it requires courage to overcome such a difficult moment, although that kind of commitment should only be exercised when the person is holding a trusted asset which, no matter how low it drops, will certainly bounce back; what's only required is time.

People who hold Bitcoin for the long term usually have a great conviction about Bitcoin. Believing that Bitcoin will be one of the world's greatest assets in the future in 2010-2011 is not something that everyone can do. We read a lot of history where people have sold their Bitcoin at $1,000 $100 or even $1. Patience and determination are important foundations for long term holding. But without conviction sometimes we will be in a situation where we sell coins because we feel that they have reached their highest price. I agree with the OP's statement that currently Bitcoin is the only crypto asset that can be trusted. It doesn't mean that I don't believe in altcoins or stablecoins but I put 90% of my crypto assets in Bitcoin. And only 10% is divided into several altcoins.

[Money Bunny]

Absolutely — Bitcoin has proven itself over time. Others come and go, but BTC keeps bouncing back every cycle. Still holding strong.

[As-Soon-As]

I will not lose hope in hodling bitcoin because it will always going to increase higher and higher in the future, hope you will not loose hope in hodling bitcoin?

I never worry about Bitcoin holdings, because in the time I have been with Bitcoin, I have seen the price of Bitcoin being dumped. But the price of Bitcoin is dumped and then after a few days it moves towards the highest pumping, the more dumping it is, the more pumping it is. Investing in Bitcoin during dumping is certainly possible to get the highest benefits, but in long-term holding, there is definitely a guarantee that it is possible to get benefits in Bitcoin.
The longer the Bitcoin holding is, the less risk investors face, because there is always a guarantee of profit in which case you can look at holdings of big companies and countries that have supported Bitcoin, which is why I have emphasized my Bitcoin holdings the most.

[GigaBit]

I will not lose hope in hodling bitcoin because it will always going to increase higher and higher in the future, hope you will not loose hope in hodling bitcoin?

I never worry about Bitcoin holdings, because in the time I have been with Bitcoin, I have seen the price of Bitcoin being dumped. But the price of Bitcoin is dumped and then after a few days it moves towards the highest pumping, the more dumping it is, the more pumping it is. Investing in Bitcoin during dumping is certainly possible to get the highest benefits, but in long-term holding, there is definitely a guarantee that it is possible to get benefits in Bitcoin.
The longer the Bitcoin holding is, the less risk investors face, because there is always a guarantee of profit in which case you can look at holdings of big companies and countries that have supported Bitcoin, which is why I have emphasized my Bitcoin holdings the most.

Investors who have been observing the movement of Bitcoin for many years can easily understand how safe this asset is in terms of investment. There are some investors  who want more profit, in the case of them, we often see a situation where they do not invest in Bitcoin without understanding it, but rather increase their investment in some shit coins. For them, investment is definitely risky. Those coins can lose their existence and value in the long term, which is definitely not positive for the  investors. That is why I think that for investment, one should not invest in any coin that causes losses in the future. Although there is some risk in investing in Bitcoin, those who speculate for the long term and invest only in Bitcoin will definitely get benefit.

[skarais]

~~~

Investors who have been observing the movement of Bitcoin for many years can easily understand how safe this asset is in terms of investment. There are some investors  who want more profit, in the case of them, we often see a situation where they do not invest in Bitcoin without understanding it, but rather increase their investment in some shit coins. For them, investment is definitely risky. Those coins can lose their existence and value in the long term, which is definitely not positive for the  investors. That is why I think that for investment, one should not invest in any coin that causes losses in the future. Although there is some risk in investing in Bitcoin, those who speculate for the long term and invest only in Bitcoin will definitely get benefit.

A person who understands bitcoin does not only expect financial gain from investing in it. There are many innovations from bitcoin that they hope will help their personal transaction needs both on a small and large scale. Transparency and decentralization to the security of bitcoin are fundamental factors that are considered useful, but real use cases are also the most desired.

Bitcoin is considered a good hedge against inflation and of course many of us have proven it. So far bitcoin has helped so many investors during inflation that anyone who has invested has been protected because fiat is losing its value. If they bought 1 bitcoin at $25k in 2023, then bitcoin has grown 4x in value which means investors have gained 4x in value in 2 years.

[Stalker22]

I will not lose hope in hodling bitcoin because it will always going to increase higher and higher in the future, hope you will not loose hope in hodling bitcoin?

I never worry about Bitcoin holdings, because in the time I have been with Bitcoin, I have seen the price of Bitcoin being dumped. But the price of Bitcoin is dumped and then after a few days it moves towards the highest pumping, the more dumping it is, the more pumping it is. Investing in Bitcoin during dumping is certainly possible to get the highest benefits, but in long-term holding, there is definitely a guarantee that it is possible to get benefits in Bitcoin.
The longer the Bitcoin holding is, the less risk investors face, because there is always a guarantee of profit in which case you can look at holdings of big companies and countries that have supported Bitcoin, which is why I have emphasized my Bitcoin holdings the most.

I think its interesting that you say you never worry about your Bitcoin holdings.  But then you describe this whole dump and pump cycle which makes it sound like maybe you do worry about things at least a little bit and  i mean, you have seen the dumps happen, but youre banking on it always pumping back up higher afterwards.  Hey, I hope youre right but thats not guaranteed my friend. 

You also claim that holding long-term means less risk and that profits are guaranteed, even pointing to the big institutional players getting involved.  That seems like a bold statement given that Bitcoin can still be pretty volatile.  Just because some big shots are finally putting money in doesnt necessarily mean your personal guarantee is air tight.  You are betting things will follow a certain pattern, but nothings absolute. There is no "guarantee" of any kind.

[melinoe]

I will not lose hope in hodling bitcoin because it will always going to increase higher and higher in the future, hope you will not loose hope in hodling bitcoin?

I never worry about Bitcoin holdings, because in the time I have been with Bitcoin, I have seen the price of Bitcoin being dumped. But the price of Bitcoin is dumped and then after a few days it moves towards the highest pumping, the more dumping it is, the more pumping it is. Investing in Bitcoin during dumping is certainly possible to get the highest benefits, but in long-term holding, there is definitely a guarantee that it is possible to get benefits in Bitcoin.
The longer the Bitcoin holding is, the less risk investors face, because there is always a guarantee of profit in which case you can look at holdings of big companies and countries that have supported Bitcoin, which is why I have emphasized my Bitcoin holdings the most.

Investors who have been observing the movement of Bitcoin for many years can easily understand how safe this asset is in terms of investment. There are some investors  who want more profit, in the case of them, we often see a situation where they do not invest in Bitcoin without understanding it, but rather increase their investment in some shit coins. For them, investment is definitely risky. Those coins can lose their existence and value in the long term, which is definitely not positive for the  investors. That is why I think that for investment, one should not invest in any coin that causes losses in the future. Although there is some risk in investing in Bitcoin, those who speculate for the long term and invest only in Bitcoin will definitely get benefit.

You can get a minus both on BTC and smaller alts too - the difference being that smaller coins are much more susceptible to the manipulations.

Bigger caps - not so much, but they are not as idealistic as BTC, and they go for profits more than BTC.

[Marykeller]

I will not lose hope in hodling bitcoin because it will always going to increase higher and higher in the future, hope you will not loose hope in hodling bitcoin?

Talking about losing hope, some people have lost hope in Bitcoin because of its volatility. They entered the Bitcoin market with the wrong knowledge that Bitcoin would make them rich in the short term, but they saw the opposite "losses''. Because of that, they had to sell their Bitcoin at a loss, not ready to trust Bitcoin again.

It's unfortunate that Many newbies are not equipped with the right knowledge of Bitcoin. They were only told the good side of Bitcoin, to make them rich. If in the long run, they didn't see such a thing, what do you expect, is it not for them to lose hope on Bitcoin investment?

[hyudien]

Talking about losing hope, some people have lost hope in Bitcoin because of its volatility. They entered the Bitcoin market with the wrong knowledge that Bitcoin would make them rich in the short term, but they saw the opposite "losses''. Because of that, they had to sell their Bitcoin at a loss, not ready to trust Bitcoin again.

It's unfortunate that Many newbies are not equipped with the right knowledge of Bitcoin. They were only told the good side of Bitcoin, to make them rich. If in the long run, they didn't see such a thing, what do you expect, is it not for them to lose hope on Bitcoin investment?

Volatility in bitcoin assets is like a double-edged sword if someone is not knowledgeable about it then it is like a disaster for their investment besides those who are beginners are more trapped in the euphoria of being able to get quick profits even though that is not how bitcoin works, this asset is for the long term therefore indeed many beginners no longer trust bitcoin because they misunderstand how it works. A common mistake in investing is not using all credible sources for the advancement of their knowledge even though it is currently very easy to find wise ways to invest in bitcoin.

[nemesis_incarnate]

Talking about losing hope, some people have lost hope in Bitcoin because of its volatility. They entered the Bitcoin market with the wrong knowledge that Bitcoin would make them rich in the short term, but they saw the opposite "losses''. Because of that, they had to sell their Bitcoin at a loss, not ready to trust Bitcoin again.

It's unfortunate that Many newbies are not equipped with the right knowledge of Bitcoin. They were only told the good side of Bitcoin, to make them rich. If in the long run, they didn't see such a thing, what do you expect, is it not for them to lose hope on Bitcoin investment?

Volatility in bitcoin assets is like a double-edged sword if someone is not knowledgeable about it then it is like a disaster for their investment besides those who are beginners are more trapped in the euphoria of being able to get quick profits even though that is not how bitcoin works, this asset is for the long term therefore indeed many beginners no longer trust bitcoin because they misunderstand how it works. A common mistake in investing is not using all credible sources for the advancement of their knowledge even though it is currently very easy to find wise ways to invest in bitcoin.

Without volatility, we wouldn't of celebrated so many milestones reached regarding how far BTC has come - and it probably wouldn't of interested institutions without the progress it made to this point. So, yeah, it's okay that it's there - we just need to utilize it correctly.

[Bleaking6]

I agree that while many altcoins come with hype and then fade away, Bitcoin has lasted over time. Its decentralized nature, ongoing development, and widespread use make it a reliable store of value. Personally, I’ve seen projects disappear overnight, but Bitcoin continually proves its worth.

[nemesis_incarnate]

I agree that while many altcoins come with hype and then fade away, Bitcoin has lasted over time. Its decentralized nature, ongoing development, and widespread use make it a reliable store of value. Personally, I’ve seen projects disappear overnight, but Bitcoin continually proves its worth.

And that's overlooked by many, in general - projects may have lots of honey put into them, but no real value.

BTC, on the other hand, just goes forward, without avoiding FOMO or FUD, but it sticks to its values - and it excels all expectations.

[Olamidetechie]

I was thinking about cryptocurrencies this morning and I discovered the first cryptocurrency which is bitcoin be the king among other cryptocurrencies,  when you hodl bitcoin for long periods or short period of time, there is a hope of favour either small or big when you are about to sell, Some people have lose hope on some cryptocurrencies based on what they have experienced from them, that made them to lose hope in earning income from them, but it will be difficult to see people losing hope in bitcoin hodling because it always keep increasing in every bull season that appear which this season is an evidence of what bitcoin will display to be the king among other cryptocurrencies. I will not lose hope in hodling bitcoin because it will always going to increase higher and higher in the future, hope you will not loose hope in hodling bitcoin?

Honestly nothing beats holding as it gives someone assurance that one day this could retire you forever, that is why i am currently jumping on any opportunity i see now, be it onchain trading competition where i get to trade the likes of TROLL, XPL, ASTER and others, you will definitely see me there with my spare usdt, who knows, if i dedicate time for the phases i could share in the massive BGB rewards.

[nullama]

~snip~
And that's overlooked by many, in general - projects may have lots of honey put into them, but no real value.

BTC, on the other hand, just goes forward, without avoiding FOMO or FUD, but it sticks to its values - and it excels all expectations.

The reality is that Satoshi Nakamoto invented digital scarcity.

Bitcoin is the solution to digital money.

It doesn't really make too much sense to have other types of money, since Bitcoin works great.

Any other "project" is basically trying to make money from greedy people.

[Out of mind]

Bitcoin is the only popular currency in the world where every investor has hope. Bitcoin is the best for investment. There is no risk in investing here, although there may be a slight risk due to market volatility. We have seen that most people have invested in Bitcoin and have become the owners of a lot of money and various companies are increasing their reserves in Bitcoin. The price of Bitcoin is constantly increasing and its popularity is increasing a lot, so we know that Bitcoin is the only reliable coil that will not face losses by investing here. Rather, if you invest in Bitcoin for a long time and hold it, you will be able to profit well from it in the future and get financial freedom in the future by investing in Bitcoin.

[DanWalker]

Bitcoin is the only popular currency in the world where every investor has hope. Bitcoin is the best for investment. There is no risk in investing here, although there may be a slight risk due to market volatility. We have seen that most people have invested in Bitcoin and have become the owners of a lot of money and various companies are increasing their reserves in Bitcoin. The price of Bitcoin is constantly increasing and its popularity is increasing a lot, so we know that Bitcoin is the only reliable coil that will not face losses by investing here. Rather, if you invest in Bitcoin for a long time and hold it, you will be able to profit well from it in the future and get financial freedom in the future by investing in Bitcoin.

Bitcoin is the best option in the crypto space but it would be an exaggeration to say that bitcoin is risk free. Everything has risks, especially when it comes to financial markets, anything can happen. Even centuries-old investments like gold and real estate are risky, let alone a young asset like bitcoin, which has yet to gain global acceptance.

Bitcoin is a financial market, and the nature of finance is that there will be winners and losers. There is no market with only winners and no losers. Profits will depend on the knowledge of each investor, not entirely on the type of assets they invest in.

[Proty]

Bitcoin is the only popular currency in the world where every investor has hope. Bitcoin is the best for investment. There is no risk in investing here, although there may be a slight risk due to market volatility. We have seen that most people have invested in Bitcoin and have become the owners of a lot of money and various companies are increasing their reserves in Bitcoin. The price of Bitcoin is constantly increasing and its popularity is increasing a lot, so we know that Bitcoin is the only reliable coil that will not face losses by investing here. Rather, if you invest in Bitcoin for a long time and hold it, you will be able to profit well from it in the future and get financial freedom in the future by investing in Bitcoin.

Bitcoin is the best option in the crypto space but it would be an exaggeration to say that bitcoin is risk free. Everything has risks, especially when it comes to financial markets, anything can happen. Even centuries-old investments like gold and real estate are risky, let alone a young asset like bitcoin, which has yet to gain global acceptance.

Bitcoin is a financial market, and the nature of finance is that there will be winners and losers. There is no market with only winners and no losers. Profits will depend on the knowledge of each investor, not entirely on the type of assets they invest in.

yes bitcoin is not a risk free investment and this is as result of the nature of bitcoin. Volatility is one of the characteristics of bitcoin, the price of bitcoin is not always stable or constant there is always fluctuations. So since the future can't really be predicted by anyone there is likely the tendency of losing ones income despite the fact that bitcoin has proven to be a potential coin over the years it will be wrong for anyone to assume or assert that bitcoin investment is risk free.

[Danica22]

Bitcoin is the best option in the crypto space but it would be an exaggeration to say that bitcoin is risk free. Everything has risks, especially when it comes to financial markets, anything can happen. Even centuries-old investments like gold and real estate are risky, let alone a young asset like bitcoin, which has yet to gain global acceptance.

Bitcoin is a financial market, and the nature of finance is that there will be winners and losers. There is no market with only winners and no losers. Profits will depend on the knowledge of each investor, not entirely on the type of assets they invest in.

yes bitcoin is not a risk free investment and this is as result of the nature of bitcoin. Volatility is one of the characteristics of bitcoin, the price of bitcoin is not always stable or constant there is always fluctuations. So since the future can't really be predicted by anyone there is likely the tendency of losing ones income despite the fact that bitcoin has proven to be a potential coin over the years it will be wrong for anyone to assume or assert that bitcoin investment is risk free.

Volatility is just one of the risks we will face when investing in bitcoin. Although its blockchain is considered impenetrable, so far. But there is no guarantee that it is absolutely secure and will not have technical errors or become obsolete in the future as technology develops so rapidly. Or there is no guarantee that the government will never reverse the regulations and turn against it. Or 51% attack, quantum computer...All of these are very unlikely, but they are still threats to bitcoin and we should not deny that.
Bitcoin is not immortal nor is it without risk.