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Author Topic: Not every crypto is like bitcoin.  (Read 222 times)
Furball808 (OP)
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Today at 04:44:53 AM
Merited by Charles-Tim (1)
 #1

There are categories under cryptocurrencies and each category has a timeframe. They say that memecoins have a timeframe of only minutes or hours. Basically meaning it trends for only that timeframe and that’s when you should trade. But Layer 1s may have days for its timeframe allowing you more flexibility.

But bitcoin’s trends can last for weeks or months which is why HODLing should really only apply to bitcoin. Stop deluding yourself into thinking holding memecoins are a good choice. Bitcoin is slow but safe and other coins or tokens are fast-paced and riskier. Don’t apply bitcoin-specific strategies on others.
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Today at 04:52:36 AM
 #2

But bitcoin’s trends can last for weeks or months which is why HODLing should really only apply to bitcoin. Stop deluding yourself into thinking holding memecoins are a good choice.
Well, since we understand the market fairly well, we know the history of bitcoin and also make various comments about the future of bitcoin. Bitcoin is the best medium for investment, so we always give various messages about holding bitcoin.

But here I see that you have said not to hold mem coins at all and not to think such confused thoughts, is it really reasonable? If I want to hold meme coins along with my bitcoin investment, it will depend on my personal situation. If I think it can be good then I will hold it. But it is not right to make bad comments about mem coins at all.
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Today at 05:35:50 AM
 #3

Quote
Not every crypto is like bitcoin.
Sorry No crypto is Bitcoin.
There are layer one coins doesn't mean they all the same.

But it is not right to make bad comments about mem coins at all.
Not really a fan of taking unnecessary risk so I don't really consider altcoins not to mention holding Memecoins.
My personal advice would be to trade memecoin and hold Bitcoin if you love Memecoins
But what do I know.

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Today at 05:43:44 AM
 #4

There are categories under cryptocurrencies and each category has a timeframe. They say that memecoins have a timeframe of only minutes or hours. Basically meaning it trends for only that timeframe and that’s when you should trade. But Layer 1s may have days for its timeframe allowing you more flexibility.

But bitcoin’s trends can last for weeks or months which is why HODLing should really only apply to bitcoin. Stop deluding yourself into thinking holding memecoins are a good choice. Bitcoin is slow but safe and other coins or tokens are fast-paced and riskier. Don’t apply bitcoin-specific strategies on others.
Bitcoin is fundamentally different from other crypto currencies, as far as I'm concerned some of them were designed to mimic bitcoin but there are not really doing very good in that regards, most have unprecedented liquidation rates that trying to hold them can be considered unwise, even their trading windows are very narrow making it difficult to actually generate good profit from them except for the lucky few who are able to make profit, the better option would be to hold bitcoin, it's better safe than sorry.

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Today at 05:50:15 AM
 #5

Although bitcoin is a cryptocurrency and part of the industry. But it would be a grave mistake and an underestimation of bitcoin to continue comparing bitcoin to the rest of the market.

Comparing bitcoin to altcoins is like comparing it to gold and other metals. This is a lame and meaningless comparison.

By now, bitcoin has been recognized as the king of the industry and all altcoins respect it. Because without bitcoin there would be no crypto industry, without the growth of bitcoin the whole market would not be able to grow. So feel free to compare altcoins to each other but stop comparing bitcoin to any altcoin.

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Today at 06:02:14 AM
 #6

There are categories under cryptocurrencies and each category has a timeframe. They say that memecoins have a timeframe of only minutes or hours. Basically meaning it trends for only that timeframe and that’s when you should trade. But Layer 1s may have days for its timeframe allowing you more flexibility.

But bitcoin’s trends can last for weeks or months which is why HODLing should really only apply to bitcoin. Stop deluding yourself into thinking holding memecoins are a good choice. Bitcoin is slow but safe and other coins or tokens are fast-paced and riskier. Don’t apply bitcoin-specific strategies on others.

The trending aspect of crypto weather Bitcoin or memecoins is basically anchor on sponsors and investors because other cryptocurrency may lack the potential to grow for weeks since is limited in capacity or financial investment involved so long term holding can not work with memecoins but Bitcoin is big and it has lasting trust and more investors which it will stay for longer generations to come.
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Today at 06:48:21 AM
 #7

But bitcoin’s trends can last for weeks or months which is why HODLing should really only apply to bitcoin. Stop deluding yourself into thinking holding memecoins are a good choice. Bitcoin is slow but safe and other coins or tokens are fast-paced and riskier. Don’t apply bitcoin-specific strategies on others.
I don't see any reason why someone should be holding shitcoin and think it would last, on norm holding memecoin is just as holding an empty bags without nothing meaningful inside the bag. Bitcoin is a long term project and should be placed more priorities than any other coin which should be that worth accumulating enough than holding memecoin or shitcoin. I don't advised anyone to venture into that because the ending results are always destructive which could results to several loses where the investors can't be able to bear it when it may befall them.

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Today at 07:15:35 AM
 #8

Cryptocurrencies are supposed to be a method of settling payments, so all these trends are scams or attempts to sell you worthless software while you hope to profit from buying it.

If you can't hold onto the cryptocurrency for several weeks, it's most likely a scam, or at best, a very high-risk investment.
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Today at 07:46:47 AM
 #9

Yes not all cryptocurrency is like Bitcoin in fact no other crypto coin is like Bitcoin, bitcoin is totally different from other cryptocurrency, bitcoin is the first crypto coin that was created in the world and the level of it growth will never be seen in any other cryptocurrency the community that bitcoin has is very strong, bitcoin has a lot of people that believe in it and invest in it, right now even countries are investing in Bitcoin and this is a very good one that will help increase bitcoin growth, Bitcoin can never be compared to other coin investing in Bitcoin is more guarantee and less risky than other cryptocoin so no crypto coin can be like Bitcoin.











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Today at 08:37:40 AM
 #10

The right statement is that no crypto is like Bitcoin. If you have been in the cryptocurrency business for long, you would have understood my statement better. Bitcoin is different from every other cryptocurrency out there, even those that claim to offer real life solution end up becoming shitcoins. Bitcoin is the first and have remained the best among the rest. It has offered more utility and have remained strong in the midst of criticism.











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Today at 09:34:59 AM
 #11

But bitcoin’s trends can last for weeks or months which is why HODLing should really only apply to bitcoin. Stop deluding yourself into thinking holding memecoins are a good choice. Bitcoin is slow but safe and other coins or tokens are fast-paced and riskier. Don’t apply bitcoin-specific strategies on others.
Memecoin trend can last from hours to days or one or two weeks according to what I have noticed. You can see some that may first fall in price, but later increased in price for some hours or days and start to fall and become forgotten. Some will begin to fall when it is listed and not rise.

But in overall, you are very correct, I do not think there are people that will hold such coins because of how shit they are.

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Today at 09:48:21 AM
 #12

There are categories under cryptocurrencies and each category has a timeframe. They say that memecoins have a timeframe of only minutes or hours. Basically meaning it trends for only that timeframe and that’s when you should trade. But Layer 1s may have days for its timeframe allowing you more flexibility.

But bitcoin’s trends can last for weeks or months which is why HODLing should really only apply to bitcoin. Stop deluding yourself into thinking holding memecoins are a good choice. Bitcoin is slow but safe and other coins or tokens are fast-paced and riskier. Don’t apply bitcoin-specific strategies on others.
Time frame in your post is about a block time, transaction time rather than time frame for investment or trading. Bitcoin is unique because it is a Proof of Work blockchain and has other unique things like decentralization, censorship resistance. The average block time of 10 minutes makes Bitcoin transactions are very secure and more secure compares to other alternative blockchains. You can see in the comparative table below.

https://howmanyconfs.com/

The time frame for trading is shorter than the time frame for investment, and it is the same with all cryptocurrencies, no restricted to only Bitcoin. The reminder is with altcoins, which are vulnerable and sensitive to deaths, invest your money in altcoins is very dangerous.

Most altcoins are degenerators and you will lose money by holding degen altcoins with time.
The two types of altcoins: Degenerators and Oscillators.

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Today at 09:49:56 AM
 #13

Memecoin trend can last from hours to days or one or two weeks according to what I have noticed. You can see some that may first fall in price, but later increased in price for some hours or days and start to fall and become forgotten. Some will begin to fall when it is listed and not rise.

But in overall, you are very correct, I do not think there are people that will hold such coins because of how shit they are.
Trading memecoins is gambling. These coins don’t have intrinsic value and the prices are manipulated by social media hype. Memecoins are mainly designed to enrich their developers. Only inexperienced people would keep these shitcoins because they can become worthless in a few hours.

These shitcoins promoters attract people by relating Bitcoin to the shitcoins they are pushing. These coins cannot be compared to Bitcoin in any sense.

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Today at 10:32:55 AM
 #14

Although bitcoin is a cryptocurrency and part of the industry. But it would be a grave mistake and an underestimation of bitcoin to continue comparing bitcoin to the rest of the market.

Comparing bitcoin to altcoins is like comparing it to gold and other metals. This is a lame and meaningless comparison.

By now, bitcoin has been recognized as the king of the industry and all altcoins respect it. Because without bitcoin there would be no crypto industry, without the growth of bitcoin the whole market would not be able to grow. So feel free to compare altcoins to each other but stop comparing bitcoin to any altcoin.

https://goldprice.org/gold-silver-ratio.html

Do you think this comparison is meaningless?
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Today at 10:34:12 AM
 #15

Trading memecoins is gambling. These coins don’t have intrinsic value and the prices are manipulated by social media hype. Memecoins are mainly designed to enrich their developers. Only inexperienced people would keep these shitcoins because they can become worthless in a few hours.

These shitcoins promoters attract people by relating Bitcoin to the shitcoins they are pushing. These coins cannot be compared to Bitcoin in any sense.
Any cryptocurrency with high trading volume has a first important condition for easy entry and exit. The problems with meme tokens are they don't have solid high trading volume over time. When there is enough hype and narrative about a meme token, its trading volume can be high, very huge too but later when the hype dies out, the token trading volume will become very small.

This contains risk that you can easily make your entries with meme tokens when it is hyped and hot with high trading volume but weeks or months later, you will have big difficulty for your exits when trading volume is too small.

Meme Coins: The Good, The Bad, and The Ugly.
The title is Meme coins but remember they are not coins, they are tokens.
Definition of tokens.

 
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Today at 10:40:47 AM
 #16

I don't know what some investors are looking for in holding memecoins for long term, where there is bitcoin to invest and hold for long term to embrace what will lift them higher financially, there is an advantage if you make up your mind to invest in bitcoin because whenever the price of bitcoin is increasing in the market other cryptocurrencies will  begin to show some signs that will make those that invested in cryptocurrencies to regret when bitcoin investors are making huge income from bitcoin, not all cryptocurrencies you should hold for long term if you want to earn huge income, you can hold them for short term and hold bitcoin for long term which is the best strategy to earn what will satisfy you in cryptocurrency investment.

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Today at 10:41:32 AM
 #17

Memecoin trend can last from hours to days or one or two weeks according to what I have noticed. You can see some that may first fall in price, but later increased in price for some hours or days and start to fall and become forgotten. Some will begin to fall when it is listed and not rise.

But in overall, you are very correct, I do not think there are people that will hold such coins because of how shit they are.
Trading memecoins is gambling. These coins don’t have intrinsic value and the prices are manipulated by social media hype. Memecoins are mainly designed to enrich their developers. Only inexperienced people would keep these shitcoins because they can become worthless in a few hours.

These shitcoins promoters attract people by relating Bitcoin to the shitcoins they are pushing. These coins cannot be compared to Bitcoin in any sense.
Memecoins are mostly hype driven and that’s what makes them unpredictable they rise fast when the trend is hot and then crash just as fast once the attention fades you can’t really call that investing it’s pure speculation and like you said it’s closer to gambling than actual trading. Most of the people who jump into memecoins are chasing quick profits they’re not looking at fundamentals because there’s usually none to begin with it’s all about timing and hype the developers and influencers who create and promote these coins know exactly what they’re doing they pump the price build noise on social media and then dump once enough people buy in.

Comparing them to Bitcoin doesn’t even make sense Bitcoin has real use cases network security scarcity and adoption built over more than a decade while memecoins survive only as long as people keep talking about them. Some traders do make money from memecoins but it’s usually because they got in early and got out fast for most others it ends in losses because they hold too long hoping for another pump the smarter move is to treat memecoins as what they are short term speculative plays never something to hold or trust for the long run.

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Today at 10:54:50 AM
 #18

Yes, I believe that Bitcoin is slow, which is why it is the most preferred by investors. Bitcoin investors hold Bitcoin for a long time and only long-term holding is suitable for Bitcoin. If you hold a unique coin, then the loss is certainly higher, but in the case of Bitcoin, if you hold it for a long time, then the possibility of getting benefits is highest. So it is reasonable in all respects to accept Bitcoin as the only long-term investment.

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Today at 11:07:32 AM
 #19

There are categories under cryptocurrencies and each category has a timeframe. They say that memecoins have a timeframe of only minutes or hours. Basically meaning it trends for only that timeframe and that’s when you should trade. But Layer 1s may have days for its timeframe allowing you more flexibility.

But bitcoin’s trends can last for weeks or months which is why HODLing should really only apply to bitcoin. Stop deluding yourself into thinking holding memecoins are a good choice. Bitcoin is slow but safe and other coins or tokens are fast-paced and riskier. Don’t apply bitcoin-specific strategies on others.

That is a very good point. Even if we consider those altcoins which survived long like litecoin do not show much movement in terms of price now. That makes investment in bitcoin more attractive thing now.
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Today at 11:11:44 AM
 #20

Yes, I believe that Bitcoin is slow, which is why it is the most preferred by investors.
Not sure you implied slow is about Bitcoin block time or the Bitcoin price growth rate with time. The average block time of Bitcoin blockchain is 10 minutes, that is slow with many people but it brings more security for your Bitcoin transactions and your bitcoin. There is no reversibility on Bitcoin blockchain too, no terrible blockchain rollback, reversibility on Bitcoin blockchain since 2009.

Quote
Bitcoin investors hold Bitcoin for a long time and only long-term holding is suitable for Bitcoin. If you hold a unique coin, then the loss is certainly higher, but in the case of Bitcoin, if you hold it for a long time, then the possibility of getting benefits is highest. So it is reasonable in all respects to accept Bitcoin as the only long-term investment.
Bitcoin since 2009 has shown its strong survival in this new industry which is vulnerable to attacks, regulations and deaths while Bitcoin price has grown up very parabolically. Most of days of holding bitcoins are profitable days according to this chart.
https://www.bitcoinmagazinepro.com/charts/bitcoin-profitable-days/

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