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Author Topic: Bitcoin needs Altcoins as much as Altcoins need Bitcoin  (Read 16060 times)

Offline Vx1

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #120 on: June 15, 2024, 08:57:32 PM »
      -   Maybe I can't say that altcoins are bad for Bitcoin because, for other reasons, Bitcoin's popularity has accelerated because of altcoins, although it wasn't good in the beginning because scammers have actually used altcoins for scams on people in different parts of the world.

And on the other hand, if it weren't for Bitcoin, no altcoins would be created. It seems to me that they are both important; they can't be separated because they help each other; they are like a couple in short, or it could be electricity; there will be no light without positive and negative; and our humans can't learn if we don't make mistakes, right? Just an illustration.
Bitcoin and Altcoins have a close relationship, without Bitcoin there would not necessarily be Altcoins and without Altcoins it is not certain that Bitcoin would be as popular as it is today.
In my opinion, the two are interdependent. If there is a problem with fraud in Altcoins, I think this is normal. 
Because if you talk about something that has a relationship or is about money, then this will be used by fraudsters to gain personal advantage for themselves.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #120 on: June 15, 2024, 08:57:32 PM »

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Offline yohananaomi

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #121 on: June 19, 2024, 04:51:27 AM »
It's very interesting what you say, but you have to remember don't be greedy when the price has increased. Once you're sure it's what you want, sell straight away. After that, it was quite interesting to return to the initial situation by transferring some of them to USDT coins, because that was the best way.
When the price goes down, just go back to buying and holding until the next halving time limit if you don't want to do short-term trading.
Its important thing with altcoin when market crashing we can convert awhile our assets to stable coins and buy back later after good moment for entry.
Between bitcoin and altcoin become most important part in cryptocurrency and we have many option to buy depend on our capital, for small capital will priority to buy altcoin comparison how much ratio profitable earn bigger than bitcoin. But for large capital and won't get more risk will investing in bitcoin than altcoin as for high risk and high return profitable earn.
Buying altcoin with small capital does not mean that you will become profitable. It depends on the altcoin by you are buying, this is the mistake that some investors make, they feel that altcoins is good when to invest in because bitcoin is expensive. With the small capital that you have, you can use it to DCA and buy bitcoin weekly or monthly and before you know it, you will have acquired a good amount overtime. You must not have big money before you buy bitcoin, and lump sum is not the only strategy in which one can buy bitcoin with.
Buying anything, be it altcoin or bitcoin, with the DCA scheme is clearly possible and doesn't look at the value of what we do, but because of why we do it, because we don't have the ability to buy in large units or values, so we need a DCA scheme.
Buying Bitcoin is the best way, but buying altcoin potential. There is also just as good. There is no difference that will be received with what we buy because the value will be the same because of the scheme we use. As long as whatever investment we make will provide guaranteed profits, whatever we buy, it will be the same, but in the long term, you must be wise in placing bitcoin because it minimizes losses that might occur.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #121 on: June 19, 2024, 04:51:27 AM »

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Offline pieppiep

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #122 on: June 19, 2024, 05:14:07 AM »
It's very interesting what you say, but you have to remember don't be greedy when the price has increased. Once you're sure it's what you want, sell straight away. After that, it was quite interesting to return to the initial situation by transferring some of them to USDT coins, because that was the best way.
When the price goes down, just go back to buying and holding until the next halving time limit if you don't want to do short-term trading.
Its important thing with altcoin when market crashing we can convert awhile our assets to stable coins and buy back later after good moment for entry.
Between bitcoin and altcoin become most important part in cryptocurrency and we have many option to buy depend on our capital, for small capital will priority to buy altcoin comparison how much ratio profitable earn bigger than bitcoin. But for large capital and won't get more risk will investing in bitcoin than altcoin as for high risk and high return profitable earn.
Buying altcoin with small capital does not mean that you will become profitable. It depends on the altcoin by you are buying, this is the mistake that some investors make, they feel that altcoins is good when to invest in because bitcoin is expensive. With the small capital that you have, you can use it to DCA and buy bitcoin weekly or monthly and before you know it, you will have acquired a good amount overtime. You must not have big money before you buy bitcoin, and lump sum is not the only strategy in which one can buy bitcoin with.
Buying anything, be it altcoin or bitcoin, with the DCA scheme is clearly possible and doesn't look at the value of what we do, but because of why we do it, because we don't have the ability to buy in large units or values, so we need a DCA scheme.
Buying Bitcoin is the best way, but buying altcoin potential. There is also just as good. There is no difference that will be received with what we buy because the value will be the same because of the scheme we use. As long as whatever investment we make will provide guaranteed profits, whatever we buy, it will be the same, but in the long term, you must be wise in placing bitcoin because it minimizes losses that might occur.
We can use the DCA method in Altcoins, but I think it is not a good thing to do, Altcoin price movements are different from Bitcoin. Bitcoin has a limited supply so there is an opportunity for the price to increase and become more expensive than before. Meanwhile, Altcoins have a very large supply. So there is no guarantee that when Altcoin prices collapse they will return to high prices. Altcoins, if used for long-term investment, will not provide a guarantee of getting a lot of profit.

Offline Jamal Aezaz

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #123 on: June 20, 2024, 12:05:17 PM »
Bitcoin and Altcoins have a close relationship, without Bitcoin there would not necessarily be Altcoins and without Altcoins it is not certain that Bitcoin would be as popular as it is today.
In my opinion, the two are interdependent. If there is a problem with fraud in Altcoins, I think this is normal. 
Because if you talk about something that has a relationship or is about money, then this will be used by fraudsters to gain personal advantage for themselves.

All these coins are connected with each other and people are investing in both altcoins and bitcoin so I think we cannot deny the profit from both of them. If there were no altcoins then people will not be more interested in crypto investment as everyone cannot make investment in Bitcoin but this fact is not understandable by most of the individuals.

In terms of surety we can get sure profit from Bitcoin investment but we cannot get sure profit from each type of altcoins therefore it is also possible that Bitcoins success has made the success of altcoins easy and achievable.
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Offline Vx1

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #124 on: June 21, 2024, 07:08:59 PM »
Bitcoin and Altcoins have a close relationship, without Bitcoin there would not necessarily be Altcoins and without Altcoins it is not certain that Bitcoin would be as popular as it is today.
In my opinion, the two are interdependent. If there is a problem with fraud in Altcoins, I think this is normal. 
Because if you talk about something that has a relationship or is about money, then this will be used by fraudsters to gain personal advantage for themselves.

All these coins are connected with each other and people are investing in both altcoins and bitcoin so I think we cannot deny the profit from both of them. If there were no altcoins then people will not be more interested in crypto investment as everyone cannot make investment in Bitcoin but this fact is not understandable by most of the individuals.

In terms of surety we can get sure profit from Bitcoin investment but we cannot get sure profit from each type of altcoins therefore it is also possible that Bitcoins success has made the success of altcoins easy and achievable.
Bitcoin can indeed be said to be more guaranteed to gain profits compared to Altcoins, but perhaps because the price of Bitcoin is high or price movements tend to be slow compared to some Altcoins which happen to sometimes pump hard so many people prefer Altcoins to Bitcoin.
But actually regarding security, of course investing in Bitcoin is safer when compared to investing in Altcoins.

Offline yohananaomi

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #125 on: June 26, 2024, 01:39:57 AM »
Bitcoin and Altcoins have a close relationship, without Bitcoin there would not necessarily be Altcoins and without Altcoins it is not certain that Bitcoin would be as popular as it is today.
In my opinion, the two are interdependent. If there is a problem with fraud in Altcoins, I think this is normal. 
Because if you talk about something that has a relationship or is about money, then this will be used by fraudsters to gain personal advantage for themselves.

All these coins are connected with each other and people are investing in both altcoins and bitcoin so I think we cannot deny the profit from both of them. If there were no altcoins then people will not be more interested in crypto investment as everyone cannot make investment in Bitcoin but this fact is not understandable by most of the individuals.

In terms of surety we can get sure profit from Bitcoin investment but we cannot get sure profit from each type of altcoins therefore it is also possible that Bitcoins success has made the success of altcoins easy and achievable.
Bitcoin can indeed be said to be more guaranteed to gain profits compared to Altcoins, but perhaps because the price of Bitcoin is high or price movements tend to be slow compared to some Altcoins which happen to sometimes pump hard so many people prefer Altcoins to Bitcoin.
But actually regarding security, of course investing in Bitcoin is safer when compared to investing in Altcoins.
That's right, friend, because from the price alone, you can see the difference and you have to think about it, because bitcoin is very safe compared to altcoins for investment, especially in the long term, although quite a few altcoins are able to provide the same hope as bitcoin.
Yes, quite a few people also want to buy altcoins because the movement is quite fast and can provide opportunities to gain profits. There are always two different sides and, for this reason, we must always observe where we are going now.

Offline taufik123

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #126 on: June 26, 2024, 04:32:16 AM »
That's right, friend, because from the price alone, you can see the difference and you have to think about it, because bitcoin is very safe compared to altcoins for investment, especially in the long term, although quite a few altcoins are able to provide the same hope as bitcoin.
Yes, quite a few people also want to buy altcoins because the movement is quite fast and can provide opportunities to gain profits. There are always two different sides and, for this reason, we must always observe where we are going now.
High volumes will result in rapid price fluctuations, which is always the case with newly released altcoins.
Several altcoins such as ZK, ZRO yesterday were excited by the rapid price fluctuations in many CEXs.
I logged in and out quickly as well to make instant profits.

But Bitcoin is a long-term investment, although some altcoins are also recommended for the long term,
such as ETH which always follows the price of Bitcoin.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #126 on: June 26, 2024, 04:32:16 AM »


Offline Vx1

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #127 on: June 26, 2024, 02:40:30 PM »
Bitcoin can indeed be said to be more guaranteed to gain profits compared to Altcoins, but perhaps because the price of Bitcoin is high or price movements tend to be slow compared to some Altcoins which happen to sometimes pump hard so many people prefer Altcoins to Bitcoin.
But actually regarding security, of course investing in Bitcoin is safer when compared to investing in Altcoins.
That's right, friend, because from the price alone, you can see the difference and you have to think about it, because bitcoin is very safe compared to altcoins for investment, especially in the long term, although quite a few altcoins are able to provide the same hope as bitcoin.
Yes, quite a few people also want to buy altcoins because the movement is quite fast and can provide opportunities to gain profits. There are always two different sides and, for this reason, we must always observe where we are going now.
But if we want to buy Altcoins, then we have to be good at analyzing them. What is the potential of the Altcoin that we will buy later, is it possible that we will get a profit from the purchase?! 
And if we don't have this expertise, then the only safer way we can choose is to choose an Altcoin that is at the top of the ranking. It is as Safe and Potential as Bitcoin.

Offline Mr. Magkaisa

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #128 on: June 27, 2024, 09:00:51 AM »
      -   Maybe I can't say that altcoins are bad for Bitcoin because, for other reasons, Bitcoin's popularity has accelerated because of altcoins, although it wasn't good in the beginning because scammers have actually used altcoins for scams on people in different parts of the world.

And on the other hand, if it weren't for Bitcoin, no altcoins would be created. It seems to me that they are both important; they can't be separated because they help each other; they are like a couple in short, or it could be electricity; there will be no light without positive and negative; and our humans can't learn if we don't make mistakes, right? Just an illustration.
Bitcoin and Altcoins have a close relationship, without Bitcoin there would not necessarily be Altcoins and without Altcoins it is not certain that Bitcoin would be as popular as it is today.
In my opinion, the two are interdependent. If there is a problem with fraud in Altcoins, I think this is normal. 
Because if you talk about something that has a relationship or is about money, then this will be used by fraudsters to gain personal advantage for themselves.

         -   You are also right, mate. There is no difference between Bitcoin and fiat when we talk about them; they are only used by people with bad intentions or goals. Even without cryptocurrency and Bitcoin, scammers can use the money for nefarious purposes.

Bitcoin and cryptocurrency have only been added to those that bad people can use to cheat other people; in short, Bitcoin and cryptocurrency are not bad, but those who hold and use them.

Offline Makus

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #129 on: June 27, 2024, 07:28:48 PM »
In as much as Bitcoin is important so are altcoins because, the present of altcoins and some failed project that brought about the comparison and the measurements of the reputation of Bitcoin. Assuming there is no altcoin, most person would find it difficult to believe that Bitcoin is actually a genuine project, even with the pump in its price from the Genesis block till date. And without Bitcoin the word altcoin wouldn't have been in existence so they need each other. Though Bitcoin can be independent, don't get me wrong buy altcoins also made it a bit popular.
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Offline Jamal Aezaz

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #130 on: June 27, 2024, 09:34:44 PM »
Bitcoin can indeed be said to be more guaranteed to gain profits compared to Altcoins, but perhaps because the price of Bitcoin is high or price movements tend to be slow compared to some Altcoins which happen to sometimes pump hard so many people prefer Altcoins to Bitcoin.
But actually regarding security, of course investing in Bitcoin is safer when compared to investing in Altcoins.

People prefer altcoins because altcoins rise quickly and they can give you quick profit but remember that the rate of dropping is also quicker than that of bitcoin. Everyone cannot wait enough to take the profit from Bitcoin therefore they prefer altcoins but I will always suggest that Bitcoin is more profitable even if it requires a holder to wait longer.

Altcoins are also profitable but due to some risk Bitcoin is considered as more profitable but as today's generation accept the quicker profit and have no patience so they will always invest in altcoins more often than Bitcoin.
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Offline pieppiep

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #131 on: June 28, 2024, 04:55:17 AM »
In as much as Bitcoin is important so are altcoins because, the present of altcoins and some failed project that brought about the comparison and the measurements of the reputation of Bitcoin. Assuming there is no altcoin, most person would find it difficult to believe that Bitcoin is actually a genuine project, even with the pump in its price from the Genesis block till date. And without Bitcoin the word altcoin wouldn't have been in existence so they need each other. Though Bitcoin can be independent, don't get me wrong buy altcoins also made it a bit popular.
It's ironic that after the price of Bitcoin has risen to this high and it has remained so long, there are still many people who doubt Bitcoin and are afraid to buy Bitcoin. For those of us who already understand Bitcoin, we prefer to buy Bitcoin rather than Altcoins. Bitcoin has a clear exchange rate due to the influence of limited supply and very high demand. Meanwhile, Altcoins are full of price manipulation and are very dangerous to own.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #132 on: June 28, 2024, 05:43:55 AM »
In the context of “fighting” highly centralized government currencies, yes altcoins have played a big role. But, technically bitcoin doesn't need altcoins to continue functioning according to its function.
Tbh, I'm also not a maximalist and am grateful that several altcoins have arrived for all their business purposes. That is, if the government considers it an enemy then they have to fight that much. Or vice versa, they welcome them with friendly rules.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #133 on: June 28, 2024, 07:21:10 PM »
Bitcoin can indeed be said to be more guaranteed to gain profits compared to Altcoins, but perhaps because the price of Bitcoin is high or price movements tend to be slow compared to some Altcoins which happen to sometimes pump hard so many people prefer Altcoins to Bitcoin.
But actually regarding security, of course investing in Bitcoin is safer when compared to investing in Altcoins.

People prefer altcoins because altcoins rise quickly and they can give you quick profit but remember that the rate of dropping is also quicker than that of bitcoin. Everyone cannot wait enough to take the profit from Bitcoin therefore they prefer altcoins but I will always suggest that Bitcoin is more profitable even if it requires a holder to wait longer.

Altcoins are also profitable but due to some risk Bitcoin is considered as more profitable but as today's generation accept the quicker profit and have no patience so they will always invest in altcoins more often than Bitcoin.
Whatever the reason, Bitcoin is the safest investment compared to many Altcoins at once, people who want to make quick profits by choosing Altcoins are right. 
But remember, if they choose the wrong Altcoin, their money will definitely be lost and never come back.  But it's different if their choice is a top ranking Altcoin such as Ethereum, BNB and others, that might be safer.

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Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« Reply #134 on: June 28, 2024, 08:06:36 PM »
"Coins" maybe, but certainly not tokens. Just because there are some tokens out there that gets people hyped about crypto, doesn't mean that they worth any attention at all. Let me put it this way, if there are a million people all hyped for a token and then that token turns out to be nothing good, then are we sure that was a good thing? How many people have we lost because of it? This is why I would say something good could be a very well reason to help bitcoin, which would be good coins out there, but some tokens out there which is so easy to build, could be just bad for business in general.

 

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