Bitcoin Still Only Real Crypto?

[AmoreJaz]

Yeah, Bitcoin is one of the only real crypto-currencies. We could mention Monero and a couple of others but that's it. This altcoin world is full of scam projects. You said "even" for ETH but it wasn't a serious project since start anyway. Once they decided to roll back the blockchain, it was completely over for them. Bitcoin would never do that. This is one of its most important features.
Bitcoin is in existence for almost 18 years, I'm sure it will be here 18 years later.

It is not the only real crypto but there are still top alts that have their corresponding value in the market. But for me, if it is ranked 100 below, should not hold this alt as it is hard to know if it will have market value in the future. Better venture in at least top 20 alts. Of course if you are holding several alts, you should do your due diligence on why you are keeping those alts. Because most of them lose their value so fast you have no time to think if you will continue to hold or sell off in the market. This is why, with such experience, I prefer to hold btc if you want long-term. Because if not btc, you will be agitated of checking the market from time to time. Because if you missed the time frame, most alts will lose its value without any chance of recovering even half of its value.

[Popkon6]

What are your thoughts? BTC only real Crypto still?
why or why not?

Bitcoin has always been the only real cryptocurrencies, other cryptocurrencies that got launched after Bitcoin was just trying to benefit from the success of Bitcoin. Since they were not created for real interest there will always be things about them that does not look right like when Ethereum is trying to centralise their blockchain by moving to the proof of stake algorithm. Bitcoin power comes from its decentralised operation and this makes it standard from other cryptocurrency and that is why you can call Bitcoin the real cryptocurrency why others are fake.

There is no doubt about Bitcoin Real, because I just want to talk about investment. If we invest in Bitcoin for a long time, then we will definitely get success. Because we have seen from the past that Bitcoin has been in the market for a long time, there has been no impact of any kind of scam and the possibility of it happening in the future is very low. So undoubtedly, investing in Bitcoin is a good plan, and because of a good and appropriate plan, Bitcoin has become known as a real crypto among everyone.

[CryptoYar]

[...]

New tokens can promise to have more speed or more favorable features, but it cannot purchase immaculate conception that Bitcoin received by being launched without appointed CEO, allocated marketing budget, or pre mined state. I believe that reason other coins cannot compete is not necessarily because they are known as copies, but simply because what they introduce is Point of Failure. A foundation, lead developer, or centralized body which can be pressured by governments exists in most altcoins. Bitcoin is headless Protocol. It is as though invention of wheel and you can make wheel out of various tokens but idea itself now belongs to world. Though other cryptos could potentially serve particular niche such as smart contracts, privacy, etc., there is none that serves as Global Neutral reserve Asset since it is only one that is truly owned by none and everyone at same time.

[uneng]

It is not the only real crypto but there are still top alts that have their corresponding value in the market. But for me, if it is ranked 100 below, should not hold this alt as it would be hard to know if it will have market value in the future. Better venture in at least top 20 alts.

Besides Bitcoin, I can think only on ETH example of long lasting crypto, and that is mainly due to the fact ETH network is used by developers to launch their own worthless tokens. Therefore, there can be a discussion on how real ETH really is, since its mainly function is to allow useless tokens to be created in the ecosystem.

There could exist only Bitcoin as cryptocurrency and we would be on the same situation. Altcoins don't influence the market that much, as they are all influenced by Bitcoin's fluctuations. They fully depend on Bitcoin for increasing in price, for an example.

[FinneysTrueVision]

Altcoins are real in the sense that there is enough liquidity to get some value out of them. Whatever value is given to them on the open market tells you something about how their legitimacy is perceived. Ethereum was not fairly launched and has some other problems that make it inferior to Bitcoin, but it still has a market capitalization that is just under a fifth of Bitcoin’s. Altcoins have a combined market cap of over 1 trillion dollars because there is demand for stablecoins, smart contracts, anonymous currency and other use cases that Bitcoin isn’t optimized for.

[OcTradism]

Altcoins are real in the sense that there is enough liquidity to get some value out of them. Whatever value is given to them on the open market tells you something about how their legitimacy is perceived. Ethereum was not fairly launched and has some other problems that make it inferior to Bitcoin, but it still has a market capitalization that is just under a fifth of Bitcoin’s. Altcoins have a combined market cap of over 1 trillion dollars because there is demand for stablecoins, smart contracts, anonymous currency and other use cases that Bitcoin isn’t optimized for.

The true values of altcoins show clearer in bear markets when people in the market are fearful, panic, have temporary losses so there is no bullish thinking and action in the market. Most participants in cryptocurrency market return to the fact that this market is not only volatile but also not easy to get profit. It's in fact is not a Get Rich Quick market, and it's not for everyone to get profit.

Without active capital from participants with outflows from current participants and no new inflows from newbies, the market has capital shocks so that most cryptocurrencies fall in both prices and trading volumes.

Bear markets are always biggest and toughest tests for altcoin projects and even top altcoins can have death spirals in bear markets with examples years ago like Terra Luna UST and FTT token from FTX exchange.

[Silikiem]

[...]

New tokens can promise to have more speed or more favorable features, but it cannot purchase immaculate conception that Bitcoin received by being launched without appointed CEO, allocated marketing budget, or pre mined state. I believe that reason other coins cannot compete is not necessarily because they are known as copies, but simply because what they introduce is Point of Failure. A foundation, lead developer, or centralized body which can be pressured by governments exists in most altcoins. Bitcoin is headless Protocol. It is as though invention of wheel and you can make wheel out of various tokens but idea itself now belongs to world. Though other cryptos could potentially serve particular niche such as smart contracts, privacy, etc., there is none that serves as Global Neutral reserve Asset since it is only one that is truly owned by none and everyone at same time.

The level of speed at which Bitcoin has operated ever since inception is really remarkable, its durability and ability to recover after a drop is something to be really impressed by the entire world. I haven’t seen any crypto that has matched a quarter of bitcoin, not that there’s no other cryptocurrencies but bitcoin have beaten them all in all aspects and even if tomorrow comes and bitcoin is no more I think it will be more difficult to have any other new cryptocurrency that can match the level of bitcoin.

[Webutxo]

Besides Bitcoin, I can think only on ETH example of long lasting crypto, and that is mainly due to the fact ETH network is used by developers to launch their own worthless tokens. Therefore, there can be a discussion on how real ETH really is, since its mainly function is to allow useless tokens to be created in the ecosystem.

There could exist only Bitcoin as cryptocurrency and we would be on the same situation. Altcoins don't influence the market that much, as they are all influenced by Bitcoin's fluctuations. They fully depend on Bitcoin for increasing in price, for an example.

Ethereum is good but it looks bad from the structure and I hope all this layer 2 that are leaching from there can stay off. I don't know for other people but I don't see reason why all projects claimed to be layer 2 and after some years of launch they die, low transaction and hacks. These things have kill the name of Ethereum. The only vehicle that keep it on going is the fact that itself is very good and strong and don't have these related hack coins like other layers.

I don't know what others might think interm of investment but instead of making Ethereum as favorite for investment, I will go along with Bitcoin. Ethereum actually has room to grow but Bitcoin has assurance than that thing and instead of building hope on Ethereum that will dump on slightest opportunities, I will hold into Bitcoin that things like news, fake information will not kill because Bitcoin is above such now, you can't manipulate Bitcoin with fake information.

[o48o]

Your thoughts the only real crypto is Bitcoin and has no evidence of it being a scam at all.
Seems that there are still 100s of new "projects" coming into the crypto space everyday. Almost all are just scams etc.
Seems all the crypto besides BTC has something shady behind it. Even for ETH has some shady happenings as well.
NFT's are done, etc
So far BTC still exists

What are your thoughts? BTC only real Crypto still?
why or why not?

What is this "real crypto" you are talking about? Sounds like no true Scotsman fallacy to me.
And please elaborate on "something shady". Are you implying that erc-421 is shady or a "scam" because people aren't going mental over it? Or is erc-20 is shady, or what people are doing with those? So what do you think about Ordinals protocol and brc-20?

Imho everything comes to the perspective and values you have. You can see shady things where ever you look if you are looking for them, but i wouldn't compare most battle tested and biggest cryptocurrency to rest of the cryptocurrencies out there.

[justdimin]

The level of speed at which Bitcoin has operated ever since inception is really remarkable, its durability and ability to recover after a drop is something to be really impressed by the entire world. I haven’t seen any crypto that has matched a quarter of bitcoin, not that there’s no other cryptocurrencies but bitcoin have beaten them all in all aspects and even if tomorrow comes and bitcoin is no more I think it will be more difficult to have any other new cryptocurrency that can match the level of bitcoin.

In 2021 ETH got nearly half of bitcoin, even some more. Reason for that is the fact that around that time was the first time there were tokens under its chain, well not technically "first" time but it was early on and it got famous during 2021. That was quite close to bitcoin, because everyone preferred to use ethereum during that time for whatever their own reason especially new altcoins were preferring to have ethereum for hosting their tokens.

So much so that fee's reached as high as 100 dollars at some point, confirmations at least, and fee was steady at around 40 dollars for a long time. There are literally coins created as layer2 so that we could use those instead of ETH, the entire purpose of those was to do that, so ETH was seriously big back then for some part of this same community.

[Umulala-alala]

Yeah, Bitcoin is one of the only real crypto-currencies. We could mention Monero and a couple of others but that's it. This altcoin world is full of scam projects. You said "even" for ETH but it wasn't a serious project since start anyway. Once they decided to roll back the blockchain, it was completely over for them. Bitcoin would never do that. This is one of its most important features.
Bitcoin is in existence for almost 18 years, I'm sure it will be here 18 years later.

BTC is a store of value and i don't like comparing it with other cryptocurrency because is see them as a scam project, those investing in altcoin are taking the highest risk because most of them are losing much. BTC is a trusted coin not a pump and dump coin from it existence it has always been benefiting long time holders, i believe in another 18 years those who started buying now and hodl for another 5-10 years and more will be glad they hodl an asset as bitcoin.