Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Bitcoin Discussion
Re: People will choose bitcoins more if the number of cryptocurrency option is less.
by
n0ne
on 13/02/2023, 23:23:22 UTC
Quote from: Finestream on Today at 09:45:15 PM
Quote from: bitmover on February 10, 2023, 07:57:34 PM
Quote from: Queentoshi on February 10, 2023, 07:42:57 PM
Do you agree that more people will choose to invest in bitcoins if there were not so many cryptocurrency choices although not all are good?

Bitcoin is unique.

Those altcoins are 99% crappy, and the 1% that is better is not even similar to bitcoin.

Bitcoin is the only one that is permitionless, borderless and censorship-resistant.

And people need it, and they will chase it.
Not to invest and become rich, but to protect themselves and their property.
Bitcoin will always be the people’s choice. Even if there are less or more altcoins around, people would always chase for bitcoin. Altcoins are just an option to the existing bitcoin, and bitcoin will always be the center of the crypto investment because simply it is the blood of the whole crypto market. Without bitcoin, the whole crypto market may seem useless and boring, just my thought.
Bitcoin will be the choice of the people. This doesn't mean people will have holdings in just bitcoin. People will be having bitcoin in a larger percentage against the altcoins. As stated the number of altcoins available in the market is just number as very limited number of altcoins were good at the market. There are people who prefer altcoins for the higher profitability, and those are high risk takers who prefer altcoins much more than bitcoin and such people are very low in number.