Why bitcoin

[Aanuoluwatofunmi]

If one has never invested on shitcoins before, then understanding why they should ensure their investment should be bitcoin only may not be clear to them, that is why some will say that experience is the perfect teacher, we can see bitcoin as the most recognized and most acceptable digital currency, any altcoin can fail but bitcoin will always remain because it has come to stay.

[SamReomo]

we can see bitcoin as the most recognized and most acceptable digital currency, any altcoin can fail but bitcoin will always remain because it has come to stay.

I believe Bitcoin and some good altcoins will remain as part of the market for long term. I'm quite positive that ETH, DOGE, XRP, and LTC are the altcoins that may last forever or for a very long time same as Bitcoin. However, new investors should still consider Bitcoin than any of those altcoins as it's the safest one.

[Z-tight]

any altcoin can fail but bitcoin will always remain because it has come to stay.

So many new coins fail because they lack inventiveness and they do not offer anything, a project that offers nothing will surely fail. However, there are a few altcoins that offer something to their users, surely not something as unique as BTC, but they are not going to fail like most new coins that are only pump and dump.

[snowpega]

any altcoin can fail but bitcoin will always remain because it has come to stay.

So many new coins fail because they lack inventiveness and they do not offer anything, a project that offers nothing will surely fail. However, there are a few altcoins that offer something to their users, surely not something as unique as BTC, but they are not going to fail like most new coins that are only pump and dump.

So true as I am noticing these days this is getting more casual as many new alt-projects come into the market to earn from its investors but after some time its market crashes like you have drawn a line down wise as just for fun haha!  So, I think only some old projects are worth to invest after investing in Bitcoin. Investing in Bitcoin should be the highest priority after that one should invest only some amount in altcoin projects that he/she can bear in the form of loss.

There are many old and some new projects that have good ecosystems, and strong communities and their team is working actively to make their ecosystem as more strong so that this project can be more successful in the coming time.

[Z-tight]

So true as I am noticing these days this is getting more casual as many new alt-projects come into the market to earn from its investors but after some time its market crashes

Very true, so many altcoins are created to make the owners rich and nothing more, they deceive the investors that they have good ideas for the project, sometimes they plagiarise, impersonate and fake almost everything. As soon as they have earned a good amount from investors, they run away with the money, leaving the project to die, this has happened times without number, and people still fall for it.

[snowpega]

Very true, so many altcoins are created to make the owners rich and nothing more, they deceive the investors that they have good ideas for the project, sometimes they plagiarise, impersonate and fake almost everything. As soon as they have earned a good amount from investors, they run away with the money, leaving the project to die, this has happened times without number, and people still fall for it.

umm! fall in such a way that most of them who fall into such kinds of scamming projects are newbies and have insufficient knowledge about the crypto space, so in this way, we can say that people still fall into these kinds of projects. Besides this, if we look at those who are old in the crypto space are fully aware of scamming projects they know that before investing in any project high-level research is required so old investors involvement rate in these kinds of projects is low as compared to freshers or newbies.

Other than that I would say newbies should also educate themselves about crypto space so that they also can stay away from these kinds of scamming projects. Buddy, you may also have noticed one more thing about these days' projects, many come into the market by promoting themselves using the airdrop technique but once they airdrop their user and get listed on exchanges they also start to go lower. Only some of them survive in the market and the majority are counted as dead projects in my point of view. What do you think of it?

[taufik123]

It is great to store BTC for the long term, but there are just too many weak hands in the BTC network who don't think like that, weak hands sell as soon as there is a negative event and they drag the price even further down. Newbies are another set of people who panic over everything, even a small correction, i trust that the more the network grows, in the future we would have lesser weaker hands and so lower volatility.

Just let them be weak and always sell when there is some negative news,
they also do it to secure their assets and also take short trades to take profits when there is a decline.

I will only do DCA to add my bag to fuller.
Now we're going to start all of this easily, buying at a low price and waiting until the new ATH is reached.

[Z-tight]

Buddy, you may also have noticed one more thing about these days' projects, many come into the market by promoting themselves using the airdrop technique but once they airdrop their user and get listed on exchanges they also start to go lower. Only some of them survive in the market and the majority are counted as dead projects in my point of view. What do you think of it?

This has been a thing in the network for a long time, sometimes it is because the projects have nothing to offer, and without value, the only outcome is a dump and nothing else. Some project team also don't have future plans for what they create, once they collect money from investors or use them to complete certain tasks, in exchange for their tokens or coin, they stop working on the project and what is left for the holders is a useless coin.

[Sim_card]

any altcoin can fail but bitcoin will always remain because it has come to stay.

So many new coins fail because they lack inventiveness and they do not offer anything, a project that offers nothing will surely fail. However, there are a few altcoins that offer something to their users, surely not something as unique as BTC, but they are not going to fail like most new coins that are only pump and dump.

Yea, altcoins that have last in the market and are increasing in value overtime will not fail because there is a benefit which investors are benefiting from the project. Altcoins like Etherum that has being there for long after bitcoin will still last in the market because SEC has approve ETH ETF. However, bitcoin remains the king because of a lot of potentials attached to it and that is why one should have a good size of bitcoin stash before thinking of buying altcoins.

[Crypto Library]

Yea, altcoins that have last in the market and are increasing in value overtime will not fail because there is a benefit which investors are benefiting from the project. Altcoins like Etherum that has being there for long after bitcoin will still last in the market because SEC has approve ETH ETF. However, bitcoin remains the king because of a lot of potentials attached to it and that is why one should have a good size of bitcoin stash before thinking of buying altcoins.

Since you mentioned Ethereum here along with Bitcoin, I'll do the bit and give some simple reasons why I would choose Bitcoin over Ethereum. First I would like to say that both decentralized Ethereum is indirectly centralized by its developers, because its maximum supply is unlimited and its developers can increase it according to their needs.

Then if I say that in terms of popularity, Bitcoin is still far ahead of Ethereum and because of this, Bitcoin acceptance is increasing in most countries and I think these reasons are enough for an investor to choose Bitcoin for investment.

[bee]

First I would like to say that both decentralized Ethereum is indirectly centralized by its developers, because its maximum supply is unlimited and its developers can increase it according to their needs.

New ETH on their new protocol (2.0) can only be minted through staking rewards. One of the reasons for their protocol transition from ETH 1.0 to 2.0 is to refine the staking rewards between the amount of new ETH emitted and the ETH that will be burned.
ETH is considered centralized at some point, but I don't think it's with supply control.

[MrSpasybo]

Since you mentioned Ethereum here along with Bitcoin, I'll do the bit and give some simple reasons why I would choose Bitcoin over Ethereum. First I would like to say that both decentralized Ethereum is indirectly centralized by its developers, because its maximum supply is unlimited and its developers can increase it according to their needs.

Then if I say that in terms of popularity, Bitcoin is still far ahead of Ethereum and because of this, Bitcoin acceptance is increasing in most countries and I think these reasons are enough for an investor to choose Bitcoin for investment.

Yeah, crypto is still in the early stages of its history so BTC still has a much more important role than ETH, and the Bitcoin network is still more decentralized and secure than Ethereum. ETH is still considered a successful token in the market over the past cycles but large institutions still often prioritize BTC due to its high liquidity and irreplaceable position in the market.

During bullruns, ETH often generates higher returns than BTC but currently ETH is recovering worse than BTC: BTC has reached its ATH and stabilized around $60K, while ETH is still fluctuating strongly and hasn't really received a positive impact from Spot ETH ETFs. Investors who chose BTC are currently making better profits than those who chose ETH ^^

[Findingnemo]

During bullruns, ETH often generates higher returns than BTC but currently ETH is recovering worse than BTC: BTC has reached its ATH and stabilized around $60K, while ETH is still fluctuating strongly and hasn't really received a positive impact from Spot ETH ETFs. Investors who chose BTC are currently making better profits than those who chose ETH ^^

ETH is performing poor since 2018, and now there are lot more competitors for ETH as well along with the switch from PoW to PoS is a big drawback in terms of technicality but they done it to keep the gas fee under control or else no one will be using ETH smart contracts anymore.

ETH shouldn't be compared with BTC either because both serves different purposes.

[Crypto Library]

Yeah, crypto is still in the early stages of its history so BTC still has a much more important role than ETH, and the Bitcoin network is still more decentralized and secure than Ethereum. ETH is still considered a successful token in the market over the past cycles but large institutions still often prioritize BTC due to its high liquidity and irreplaceable position in the market.

During bullruns, ETH often generates higher returns than BTC but currently ETH is recovering worse than BTC: BTC has reached its ATH and stabilized around $60K, while ETH is still fluctuating strongly and hasn't really received a positive impact from Spot ETH ETFs. Investors who chose BTC are currently making better profits than those who chose ETH ^^

Actually, The comparison of Bitcoin with Ethereum I think it's not a logical comparison.
Bitcoin have the another level of freedom another level of success till now we don't have like this we have the privacy coin but those also have some  questionable things.
But I would like to agree with this that even Ethereum has the unlimited maximum supply but it's burning system and the low inflation takes it to the top altcoin still now and we also don't see any beater of Ethereum coin till now.

[alltalk]

~so many altcoins are created to make the owners rich and nothing more~

I think every owner of crypto projects want to be rich by developing their coins/tokens. It is no problem if they expect to be rick but they mustn't create bad or scam projects. The owners must think about the investors as well, how to make the investors to be rich, too. If the investors get good amount of money from the coins/tokens, there will be more and more new investors involved in holding or trading the coins/tokens. In this way, both the owners and the investors can get the benefits together.

they deceive the investors that they have good ideas for the project, sometimes they plagiarise, impersonate and fake almost everything. As soon as they have earned a good amount from investors, they run away with the money, leaving the project to die, this has happened times without number, and people still fall for it.

This happens many times. That's why we must be very careful to learn new projects. If we find out something suspicious with the new projects, we kindly avoid joining the new projects. Sure, the owners will disappear if they have no intention to develop the projects. I have experienced several times seeing the new projects which have no longer the teams after the public sales. The teams have gone when they got good amount of money from the early investors.