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Author Topic: Or am I wrong that Bitcoin remains the safest bet  (Read 180 times)
HeatBit (OP)
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Today at 10:58:33 AM
 #1

It's heartbreaking that such vulnerability can be found in something like Zcash, after many years since launch, it seems like years after years a new reason why Bitcoin seems like the only safe place keeps popping up.

No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.

Bitcoin just feel more like the best bet after all.
348Judah
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Today at 11:04:27 AM
 #2

It's heartbreaking that such vulnerability can be found in something like Zcash, after many years since launch, it seems like years after years a new reason why Bitcoin seems like the only safe place keeps popping up.

You are not wrong, Bitcoin was the reason for cryptocurrency and any other altcoins coming after it I just a carbon copy, everything about what the people needed has been made complete with bitcoin network and not What we see from third parties Introducing their own Going and crypto projects in driver's ways, true decentralization and anonymity lies in Bitcoin network and no other.

No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.

It's a decision and there is nothing to be sorry about, it's either you made the right one or the wrong.

Bitcoin just feel more like the best bet after all.

Bitcoin is far beyond just a bet, it's a reality we have to live by it, because it has solution to almost every financial economy challenges we are facing.

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Joy_learns_crypto
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Today at 11:20:16 AM
 #3

Quote
It's heartbreaking that such vulnerability can be found in something like Zcash, after many years since launch, it seems like years after years a new reason why Bitcoin seems like the only safe place keeps popping up.
You didn’t need any vulnerability to know that bitcoin is safer than Zcash. And Zcash being launched many years ago wouldn’t make it a safe bet.

Quote
No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.
Blockchain vulnerabilities isn’t what you should have your head spiraling over, the biggest threat is you being vulnerable, being vulnerable by trusting a coin because it has launched for years, by trusting FOMO and FUD influences.

Quote
Bitcoin just feel more like the best bet after all.
Dont hype bitcoin because you fell and became vulnerable to Zcash but it did not work out, don’t succumb just because you are looking for a safe heaven, do your research else you will become vulnerable again and this time maybe to scammers or you lose your coins.

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SeriouslyGiveaway
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Today at 11:24:04 AM
 #4

It's heartbreaking that such vulnerability can be found in something like Zcash, after many years since launch, it seems like years after years a new reason why Bitcoin seems like the only safe place keeps popping up.

No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.

Bitcoin just feel more like the best bet after all.
A safe choice is not like a bet and in 2026 as well as future years, Bitcoin is and will not be a bet with anyone who considers Bitcoin as an investment asset and choose it for their investment portfolio building as well as plan their long term holdings.

Bets are with something very risky with high probability of loss, while Bitcoin is still risky but no longer has high risk of death so fortunately if you can hold your bitcoins for a long time such as 5 years and longer, profit is very guaranteed in my opinion.

With altcoins, including Zcash, if you choose them, you're a degen and bet your money with them.

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Today at 11:32:59 AM
 #5

When there is chaos with any other form of cryptocurrency due to their uncertainties, only Bitcoin can give us the courage to keep moving that we have a brighter future ahead, the confidence is coming because we have a secure network that is the definition of decentralization, I only pity those who take their time to invest in altcoins when they don't even have Bitcoin in their portfolio.

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cryptoaddictchie
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Today at 11:49:37 AM
 #6

It's heartbreaking that such vulnerability can be found in something like Zcash, after many years since launch, it seems like years after years a new reason why Bitcoin seems like the only safe place keeps popping up.

No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.

Bitcoin just feel more like the best bet after all.
I tend to agree that bitcoin is the safest bet at all. Theres a lot of coins and tokens out there but whenever you had some sort of doubt then its only BTC we can trust.

I remembered in the past when some project got compromised or experienced vulnerabilities the market price tend to go down. But we cant hear this kind of news even when bitcoin has been flagged of news.

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Today at 11:52:32 AM
 #7

I tend to agree that bitcoin is the safest bet at all. Theres a lot of coins and tokens out there but whenever you had some sort of doubt then its only BTC we can trust.

I remembered in the past when some project got compromised or experienced vulnerabilities the market price tend to go down. But we cant hear this kind of news even when bitcoin has been flagged of news.
History of cryptocurrency market including Bitcoin and altcoin performances show that Bitcoin is a strongest, safest over years and it's a best choice for long term investors. People can have doubt about it if they only read posts without evidence but below, I provide some articles as evidence, so that my post and given information to readers like newbies are more convincing.

How many cryptocurrencies failed?
Bitcoin retunrs vs major asset classes.

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Today at 12:09:30 PM
 #8

A safe choice is not like a bet and in 2026 as well as future years, Bitcoin is and will not be a bet with anyone who considers Bitcoin as an investment asset and choose it for their investment portfolio building as well as plan their long term holdings.

Bets are with something very risky with high probability of loss, while Bitcoin is still risky but no longer has high risk of death so fortunately if you can hold your bitcoins for a long time such as 5 years and longer, profit is very guaranteed in my opinion.

With altcoins, including Zcash, if you choose them, you're a degen and bet your money with them.

Bitcoin has it's own risks too but it's far better compared to a bet or anything relating with gambling. Wise people do say that Bitcoin is a risk that is worth it and it's true because despite being a volatile asset, it still favours those who can be patient enough to believe that whatever they put into it can produce better rewards in future.
 The rewards from holding Bitcoin might not be guaranteed cause the future is unpredictable but historically, those who hold Bitcoin lomger has always been rewarded, it gives better hope that a bet whereby the house edge is superior.

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Today at 12:52:09 PM
 #9

First of all, I am of the opinion that Bitcoin is the safest bet for now. I also believe that nothing lasts forever. In that sense, Bitcoin is safe and will continue to be safe until something happens. Whatever happens, its focus should be on survival and comeback.
I don't think any blockchain is totally immune to attack. Besides, the main aim of security is to reduce risk, not eliminate it. Because you can't completely eliminate risk.
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Today at 01:00:20 PM
 #10

Bitcoin is the best among all cryptocurrencies, but zcash is still existing after the vulnerability was detected. Zcash was falling in price as bitcoin was falling, zcash fall more and later increased more also. There are many vulnerabilities that have been detected before, even bitcoin had its own vulnerability in the past.

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Today at 01:18:52 PM
 #11

Bitcoin being the first "crypto" remains tried and tested and remains secure.

There are/were a handful of others which I perceived as solid projects, Litecoin, Monero, Zcash
and Dash but I have not kept up to date with them. A vulnerability flaw really is probably the
most detrimental blow it can take.

50% drop in value, is it worth speculating when there is "blood on the streets"?
can it recover?

or is it just a way safer move to forget that and back the Number 1 tried and tested?

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Today at 01:25:31 PM
 #12

It's heartbreaking that such vulnerability can be found in something like Zcash, after many years since launch, it seems like years after years a new reason why Bitcoin seems like the only safe place keeps popping up.

No Blockchain is safe from vulnerability it seems.
Sorry to all those who trusted and rely more on Zcash.

Bitcoin just feel more like the best bet after all.

Bitcoin remains the best because it remains the best coin ever, you can't push an update without influence of community and this get tested, most often even the wallet get update as candidate release before the final update but these privacy coins aren't too community oriented, they are open source but doesn't get attention with some sort of updates and an AI that was released just of recent was able to detect the bug which was fixed immediately.

On the price impact, it shouldn't have fall that way but some moon boys were on X already shilling their bags saying Zcash is equal to another Bitcoin, I was seeing their update until zcash started dumping. Some people think there was minted supply from the but which destroy everything but luckily there was none and the price was able to recover back, at least it's better than where it was trading during the weekend but please avoid it, the volatility looks high.

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Today at 01:28:40 PM
 #13

Bitcoin being the first "crypto" remains tried and tested and remains secure.

There are/were a handful of others which I perceived as solid projects, Litecoin, Monero, Zcash
and Dash but I have not kept up to date with them. A vulnerability flaw really is probably the
most detrimental blow it can take.

50% drop in value, is it worth speculating when there is "blood on the streets"?
can it recover?

or is it just a way safer move to forget that and back the Number 1 tried and tested?

I consider bitcoin a reliable investment. We have repeatedly seen how it follows its cycles falling in price and then rising again to a new peak. I like that I can clearly see this pattern and use it to my advantage.Bitcoin has shown a certain level of stability, and I trust it. Considering everything that is happening in the world, it is still one of the few assets that can remain relatively independent from politics.

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Today at 01:53:56 PM
 #14

Bitcoin was built at a level that makes it way safer than the rest.
One factor that works really well for it is its Transparency feature, which allows every member to review or check and balance activities or the system itself. Such transparency is very important when it comes to things (especially those anyone can use with little to zero permission) owned or controlled by a collective, , otherwise someone or attackers could come in under the cover of darkness and ruin the entire system for the collective.

You can only keep things private or non-transparent if it's non of other people's business. But as long as the collective is affected or concerned you open it up for them, depending on how much they are affected, to form some kind of neighborhood watch around it.  The collective could only choose the privacy path without anyone watching if they have someone or something they can equally hold to account watching for them, or they have ways of unmasking anyone who tries to abuse them. Nonetheless, transparency remains the safest option

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Today at 02:11:05 PM
 #15

The one point that the likes of Zcash has proven is that. Old Blockchain doesn't always equals safety or the best, it's only a matter of time before something is found in it's system.

Mind you, this isn't the end of Zcash, but yes Bitcoin is still the best over all, still, I don't want to stop with Bitcoin only, the future won't be fun if it's all about Bitcoin only.

Other Blockchain projects need to exist, not to beat Bitcoin but to solve other major problems in this space too.
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Today at 02:36:18 PM
 #16

The one point that the likes of Zcash has proven is that. Old Blockchain doesn't always equals safety or the best, it's only a matter of time before something is found in it's system.

Mind you, this isn't the end of Zcash, but yes Bitcoin is still the best over all, still, I don't want to stop with Bitcoin only, the future won't be fun if it's all about Bitcoin only.

Other Blockchain projects need to exist, not to beat Bitcoin but to solve other major problems in this space too.
In security, Bitcoin is a best blockchain because of its algorithm (Proof of Work, PoW), decentralization and biggest network hashrate. This site with estimations on different blockchains and how many confirmations on altcoin blockchains equivalent to 6 confirmations on Bitcoin blockchain.

https://howmanyconfs.com/

It shows how secure and strong Bitcoin blockchain is compares to several Proof of Work altcoin blockchains. I don't want something cool, so I choose Bitcoin, the strongest and most secure blockchain. I can have privacy with Bitcoin blockchain if I use wallets, UTXOs and broadcast my transactions properly so privacy altcoins are not my favorite.

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Today at 02:46:03 PM
 #17

Bitcoin just feel more like the best bet after all.
It is. And it's been 99.99% up at most times and since 2014 up to the present, it's been up and safe 100%.

It's just sad that zcash being one of the known privacy coin went to that. But I've seen projects that went that and still survived.

As an investment, it's no doubt why we all like it and that's how trust is being built on it even the doubters would love to hear that.

 
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Today at 03:05:52 PM
 #18

As far as I know, in 2010, an unknown hacker exploited a flaw in Bitcoin's code and created 184 billion new coins. This attack was immediately noticed by all network participants, and the chain was reorganized... This had no negative consequences for the Bitcoin network.🙋

A similar incident occurred in 2018. This time, the vulnerability was discovered even faster...

In my opinion, the Bitcoin blockchain's completely transparent nature is both its biggest drawback and its biggest advantage. It's impossible to create extra Bitcoins undetected. However, this is theoretically possible with privacy coins.

A problem has recently arisen with ZCash. Theoretically, the Monero blockchain could also be affected (although Monero is technologically a simpler and more reliable private cryptocurrency). I hope Monero will once again prove to the world that it is the most anonymous and private coin in the world.  And that it's much more reliable than ZCash.

Well, in this situation, Bitcoin has once again confirmed its reputation as the most reliable cryptocurrency for storing savings.💁

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Today at 04:46:45 PM
 #19

Bitcoin just feel more like the best bet after all.
It's nothing new or surprising, it's just that so many new investors continue to think they could diversify their investments into other coins for quick gains. It's possible but bitcoin remains the safest investment in the crypto market. Any other coins are either too complicated or centralized and not advised to invest on. We have seen countless numbers of new coins or tokens flooding the market with promise of becoming the best or the newest coin to outrun bitcoin. They barly last for even a year, they just get hyped a little bit, get pumped and then when people starts investing big, they disappoint them.iys better to stay with the devil you know than that you don't understand. Bitcoin is the safest crypto and I'll keep repeating that...

R


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Today at 05:02:51 PM
 #20

It's nothing new or surprising, it's just that so many new investors continue to think they could diversify their investments into other coins for quick gains. It's possible but bitcoin remains the safest investment in the crypto market. Any other coins are either too complicated or centralized and not advised to invest on. We have seen countless numbers of new coins or tokens flooding the market with promise of becoming the best or the newest coin to outrun bitcoin. They barly last for even a year, they just get hyped a little bit, get pumped and then when people starts investing big, they disappoint them.iys better to stay with the devil you know than that you don't understand. Bitcoin is the safest crypto and I'll keep repeating that...

I don’t even regarded investing into this coins as diversification because let’s be realistic with each other, isn’t diversification about something that doesn’t have correlation with the other asset? Such that if one asset is down the other asset will definitely be up or at least not follow the same trend as the main asset. Now look at the situation with bitcoin and alt coin as means of diversification.

Bitcoin market controls the entire crypto market trend. If it’s goes bearish almost all altcoins follows down, if bitcoin today seizes to exist I don’t think any of the alt coins will actually be able to exist too, so is alts now truly worthy of diversification? I don’t think so. This is not me discouraging buying of Altcoins but that should be in class of gamble rather than a means of diversification.

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