Bitcoin needs Altcoins as much as Altcoins need Bitcoin

[yohananaomi]

~

the hardest part is analyzing which coins have potential, especially if they are new coins, to be honest it is very difficult for me to analyze which coins are good to invest in, sometimes I think people are very clever and choose the right coins to invest in and give big profits,
Actually, do we need an advisor if we want to buy coins to invest?

I think we need to learn for ourselves in this matter, the advisor's opinion may or may not be right.  If they were experts, they would definitely buy their own coins to enrich themselves. 
We just learn to analyze as much as we can, if we are persistent and serious, I am sure that later we will be able to choose which coins have the potential to be good and which ones are not.

Mistakes are something that can make us better understand not to do things for the second time. I really agree with you, It's better to try what we can do and that will enrich the knowledge we can get from all that we gradually have to do diligently and aim to continue to want to fix if there are errors obtained. Sharpening by analyzing continuously will make us be able to understand where the direction will occur from everything we have done.

There are many people who want to get rich instantly, and in Cryptocurrency we can actually get that as long as we invest our money correctly. 
However, what is actually more important is knowledge and knowledge, if we only rely on other people then it will not last. It's different if we understand it ourselves, we can apply this whenever we want.

The current problem is that they are very confident and overconfident that by investing in crypto they will get rich quickly, even though there are always stages that must be gone through.
Agree, if we are careful and correct in investing our money, then we can be sure we will achieve our goals.
We really can't rely too much on other people if we can do it independently, so we can learn from mistakes that might occur and not repeat them again, and don't hesitate to seek knowledge and learn as best we can.

[Jamal Aezaz]

There are many people who want to get rich instantly, and in Cryptocurrency we can actually get that as long as we invest our money correctly. 
However, what is actually more important is knowledge and knowledge, if we only rely on other people then it will not last. It's different if we understand it ourselves, we can apply this whenever we want.

The thoughts of instant money earning have made many people loser because they hope for a quick return but in crypto it is not possible to happen all the time so if one wants to get profit from crypto then he should have patience and should not forget that good things require time.

We have to analyze the market and don't follow other people as they will be related to one thing and we will be dependent on another thing like everyone is not investing in just a single coin but they are choosing different coins due to which their thoughts are also different based on long or short term holding.

Sometimes you will earn instantly but most of the time new coins turn scams so be calm and explore the characteristics before going to do investment and this can be easy for you if you have knowledge.

[Aanuoluwatofunmi]

Bitcoin does not have to depend on altcoins to make progress in cryptocurrency while altcoins will have to rely on the performance for bitcoin for them to be able to make progress, just as we know bitcoin to be the leading currency in cryptocurrency, it leads while others follows, maybe we should also put it in this way that its because of some of the shitcoins in altcoins that makes everything appear the way we see it to be hard in trusting some coins.

[Fivestar4everMVP]

Bitcoin does not have to depend on altcoins to make progress in cryptocurrency while altcoins will have to rely on the performance for bitcoin for them to be able to make progress, just as we know bitcoin to be the leading currency in cryptocurrency, it leads while others follows, maybe we should also put it in this way that its because of some of the shitcoins in altcoins that makes everything appear the way we see it to be hard in trusting some coins.

Sorry but I think you are wrong, like the topic of this thread says, bitcoin needs Altcoins, as much as Altcoins needs bitcoin, this is a complete fact, because judging from scalability issues with the bitcoin network, if bitcoin was the only crypto crypto currency around with a market cap of the ganeral crypto market currently, then trust me if I tell you that Bitcoin will be unusable to many, in fact, cryptocurrency may never be adopted because...
1. The price of bitcoin will be way too expensive for many to buy and hold it.
2. The bitcoin network will be ultimately unusable due to extremely high cost of transaction, because there is no way the number of people in crypto today are all going to be buying and selling only bitcoin, and the bitcoin network won't be super congested.

[Vx1]

~

The current problem is that they are very confident and overconfident that by investing in crypto they will get rich quickly, even though there are always stages that must be gone through.
Agree, if we are careful and correct in investing our money, then we can be sure we will achieve our goals.
We really can't rely too much on other people if we can do it independently, so we can learn from mistakes that might occur and not repeat them again, and don't hesitate to seek knowledge and learn as best we can.

In Cryptocurrency it is a big mistake to only rely on luck, so we have to learn step by step if we want to understand this crypto. 
And investing without extensive knowledge is the same as buying a cat in a blanket. 
We can lose our money, and that will definitely cause feelings of trauma and disappointment. 
Learn crypto, it's very important.

[Gurujebs]

Bitcoin does not have to depend on altcoins to make progress in cryptocurrency while altcoins will have to rely on the performance for bitcoin for them to be able to make progress, just as we know bitcoin to be the leading currency in cryptocurrency, it leads while others follows, maybe we should also put it in this way that its because of some of the shitcoins in altcoins that makes everything appear the way we see it to be hard in trusting some coins.

An example of Bitcoin doesn't depend on altcoins has already been demonstrated this week when Trump made a statement that made Bitcoin bullish. All of a sudden, all the coins started moving and the altcoins move along. If today all coins are to stay alone, Bitcoin is going to stay but some altcoins wouldn't survive on their own, they Need Bitcoin support but Bitcoin has nothing to do with them. If today Bitcoin was to collapsed, most of th altcoins will die only some will manage to remain but will be weak to walk properly, that's the big effect to the Bitcoin to altcoins.

[pieppiep]

~

The current problem is that they are very confident and overconfident that by investing in crypto they will get rich quickly, even though there are always stages that must be gone through.
Agree, if we are careful and correct in investing our money, then we can be sure we will achieve our goals.
We really can't rely too much on other people if we can do it independently, so we can learn from mistakes that might occur and not repeat them again, and don't hesitate to seek knowledge and learn as best we can.

In Cryptocurrency it is a big mistake to only rely on luck, so we have to learn step by step if we want to understand this crypto. 
And investing without extensive knowledge is the same as buying a cat in a blanket. 
We can lose our money, and that will definitely cause feelings of trauma and disappointment. 
Learn crypto, it's very important.

To find out Cryptocurrency price movements is not as easy as we imagine. We have to be able to analyze market conditions well. Armed with several sites that often discuss news about Cryptocurrency, we can find out what will happen next. But you need to remember that every trader has secrets that not many other people know so that he always makes a profit when trading on the market.

[Vx1]

There are many people who want to get rich instantly, and in Cryptocurrency we can actually get that as long as we invest our money correctly. 
However, what is actually more important is knowledge and knowledge, if we only rely on other people then it will not last. It's different if we understand it ourselves, we can apply this whenever we want.

The thoughts of instant money earning have made many people loser because they hope for a quick return but in crypto it is not possible to happen all the time so if one wants to get profit from crypto then he should have patience and should not forget that good things require time.

We have to analyze the market and don't follow other people as they will be related to one thing and we will be dependent on another thing like everyone is not investing in just a single coin but they are choosing different coins due to which their thoughts are also different based on long or short term holding.

Sometimes you will earn instantly but most of the time new coins turn scams so be calm and explore the characteristics before going to do investment and this can be easy for you if you have knowledge.

Yes, most people who are new to Cryptocurrency have the same thought, namely that we can make money from here easily and quickly. 
They see people who are successful in Cryptocurrency without seeing their struggles, a lot of knowledge here is really needed for us to be able to get good profits from trading or investing and makes us not easy to be deceived.

[alltalk]

In Cryptocurrency it is a big mistake to only rely on luck, so we have to learn step by step if we want to understand this crypto. 

There is no term of relying on the luck in crypto, we are not gambling with crypto coins. 
That's why knowledge and experiences are 2 keys of the success in crypto. If we have these keys, we know how to do it in the right way, whether in trading or investing.

Investing without extensive knowledge is the same as buying a cat in a blanket. 
We can lose our money, and that will definitely cause feelings of trauma and disappointment.

It is too bad idea if we trade or invest but we have lack of knowledge. Sure, it is only the way to waste money because they chance to fail will be very high. Crypto isn't a safe place, it is a high risk matter. It is the reason that we are very required to have sufficient knowledge and experience. In this way, we can deal with high risk in crypto trading or investment.

[Makus]

In Cryptocurrency it is a big mistake to only rely on luck, so we have to learn step by step if we want to understand this crypto. 

There is no term of relying on the luck in crypto, we are not gambling with crypto coins. 
That's why knowledge and experiences are 2 keys of the success in crypto. If we have these keys, we know how to do it in the right way, whether in trading or investing.

Investing without extensive knowledge is the same as buying a cat in a blanket. 
We can lose our money, and that will definitely cause feelings of trauma and disappointment.

It is too bad idea if we trade or invest but we have lack of knowledge. Sure, it is only the way to waste money because they chance to fail will be very high. Crypto isn't a safe place, it is a high risk matter. It is the reason that we are very required to have sufficient knowledge and experience. In this way, we can deal with high risk in crypto trading or investment.

To be honest, I see short term cryptocurrency trade on newly launched project as gambling because,  you might still end up losing  your money even with a good research. So.e projects are something else, they may seem like a potential coin at first but after a while they just begin to drift from the part were that are seen as potential  project to a useless shitcoin. But making your regular  research on project still stand as the best option to be on the safer side but then you also have to be considerate on the amount you put in on newly launched project, sonyou don't get affected if you probably  experience losses along the way.

[KingsDen]

Bitcoin does not have to depend on altcoins to make progress in cryptocurrency while altcoins will have to rely on the performance for bitcoin for them to be able to make progress, just as we know bitcoin to be the leading currency in cryptocurrency, it leads while others follows, maybe we should also put it in this way that its because of some of the shitcoins in altcoins that makes everything appear the way we see it to be hard in trusting some coins.

An example of Bitcoin doesn't depend on altcoins has already been demonstrated this week when Trump made a statement that made Bitcoin bullish. All of a sudden, all the coins started moving and the altcoins move along. If today all coins are to stay alone, Bitcoin is going to stay but some altcoins wouldn't survive on their own, they Need Bitcoin support but Bitcoin has nothing to do with them. If today Bitcoin was to collapsed, most of th altcoins will die only some will manage to remain but will be weak to walk properly, that's the big effect to the Bitcoin to altcoins.

To me this is not all about bitcoin depending on altcoins, or altcoins depending bitcoin. We all know that bitcoin is the king of the cryptocurrency. it is the camel of cryptocurrency. Bitcoin carries the load and whenever the king sneezes, other coins shake.

But then in the industry everyone is dependent on everyone. we do not need to work in isolation. In as much as we need bitcoin we equally need alternatives. In as much as we need decentralized exchanges,  we also need centralized exchanges.

I remember that a time when the memory pool of the Bitcoin network is full, many of us will run to altcoins. So, every coin is important and we need co-existence even if it is obvious that some are more important.

[alltalk]

To be honest, I see short term cryptocurrency trade on newly launched project as gambling because,  you might still end up losing  your money even with a good research. So.e projects are something else, they may seem like a potential coin at first but after a while they just begin to drift from the part were that are seen as potential  project to a useless shitcoin. But making your regular  research on project still stand as the best option to be on the safer side but then you also have to be considerate on the amount you put in on newly launched project, sonyou don't get affected if you probably  experience losses along the way.

I also ever do it, I bought the coins on the public sales (ICO, IEO) and I sell the coins immediately when it is launched/listed on the first exchange. I think it is not really gambling, we can clearly get profits as long as the coins are listed on the exchanges. But if they are not listed and they become dead coins, sure we have no chance to get profits. The prices of new coins mostly increase drastically when they are launched on the first exchange.

Well, it is true that we must do careful research to choose the coins on ICO or IEO. This is very difficult thing, I very often failed in the past. This relies on our knowledge and experience for sure.

[Vx1]

To be honest, I see short term cryptocurrency trade on newly launched project as gambling because,  you might still end up losing  your money even with a good research. So.e projects are something else, they may seem like a potential coin at first but after a while they just begin to drift from the part were that are seen as potential  project to a useless shitcoin. But making your regular  research on project still stand as the best option to be on the safer side but then you also have to be considerate on the amount you put in on newly launched project, sonyou don't get affected if you probably  experience losses along the way.

When we want to trade crypto we have to think positively, while gambling is more negative. 
So don't think of this as gambling, everything has gone through a stage of continuous prediction and analysis. 
Don't just buy and then speculate between loss or profit, but it seems like many people think that.

[$crypto$]

To be honest, I see short term cryptocurrency trade on newly launched project as gambling because,  you might still end up losing  your money even with a good research. So.e projects are something else, they may seem like a potential coin at first but after a while they just begin to drift from the part were that are seen as potential  project to a useless shitcoin. But making your regular  research on project still stand as the best option to be on the safer side but then you also have to be considerate on the amount you put in on newly launched project, sonyou don't get affected if you probably  experience losses along the way.

When we want to trade crypto we have to think positively, while gambling is more negative. 
So don't think of this as gambling, everything has gone through a stage of continuous prediction and analysis. 
Don't just buy and then speculate between loss or profit, but it seems like many people think that.

In new projects, we need luck to be able to take advantage of this investment. However, we get luck from the analysis we do, or in other words, luck comes from our efforts in doing analysis and so on.

Whereas in gambling, we just come, sit and play without any analysis (except for certain bets). This is different from gambling although in the end we should have a little luck if we do it on a new project.

[Sim_card]

Bitcoin does not have to depend on altcoins to make progress in cryptocurrency while altcoins will have to rely on the performance for bitcoin for them to be able to make progress, just as we know bitcoin to be the leading currency in cryptocurrency, it leads while others follows, maybe we should also put it in this way that its because of some of the shitcoins in altcoins that makes everything appear the way we see it to be hard in trusting some coins.

An example of Bitcoin doesn't depend on altcoins has already been demonstrated this week when Trump made a statement that made Bitcoin bullish. All of a sudden, all the coins started moving and the altcoins move along. If today all coins are to stay alone, Bitcoin is going to stay but some altcoins wouldn't survive on their own, they Need Bitcoin support but Bitcoin has nothing to do with them. If today Bitcoin was to collapsed, most of th altcoins will die only some will manage to remain but will be weak to walk properly, that's the big effect to the Bitcoin to altcoins.

Whatever would make bitcoin crash will also crash all altcoins because bitcoin has great potentials than all the altcoins put together. I agree with you that altcoins needs bitcoin to survive because all the altcoins that is surviving currently was created after bitcoin and they are the duplicate of bitcoin. But it is good that altcoins exist because the make the crypto market your interesting and lively, only bitcoin will be bored and by now one Satoshi will be damn expensive.