Post
Topic
Board Bitcoin Discussion
Re: It is only Bitcoin and nothing else
by
jeraldskie11
on 29/09/2023, 13:17:00 UTC
bitcoin is not merely a leading coin.. it is the coin that set forth the standard, and the other various shitcoins are trying to emulate it or to proclaim that they are better, and maybe they are not really doing anything but figuring out a way to print their own coin to make founders and other early adopters rich in the style of various ponzi schemes.

So bitcoin is in another category. .to the extent that it cannot be replicated in ways that shitcoiners try to set forth as if it were actually possible.
Altcoins are created largely in order to make money on them, almost everyone understands this, but there will always be those who understand these risks, but will still try to make money on it, in the short term. I don’t see anything wrong with this if you understand what you are doing, when you need to buy and when to sell so as not to lose money, but if you do it without understanding, then it will be a bad idea.
Many people believe investing in Bitcoin is simple and doesn't require knowledge of it because they believe it merely involves only buying and selling. Not only we do invest in Bitcoin for financial gain, but also in order to profit from it in the future. If you adopt this mindset, you would undoubtedly concur that knowledge is essential. Even those of us who have a solid understanding of Bitcoin's concept and how it works could still experience losses on our investments, so this is something to keep in mind.


I consider ETH to be different among the altcoins that we usually think about. But of course, Bitcoin seems to be the leading coin in the crypto space which allows a holder to earn a profit, unlike those project that looks promising, raising millions during pre-sale but has no substantial to continue growing. This is the reason why we become confident of accumulating Bitcoin despite the risk because of such profitability features that most altcoins don't have. Though I invested a few altcoins, still Bitcoin got huge chunks of my investment capital.
The entire market is moving behind Bitcoin, only from this it becomes clear who is in charge in this market. I remember a few years ago Ethereum was worth about $50, I admit at that time I thought that it would never get out, and I see no reason why it couldn’t fall so low again, despite all its improvements.
Yes, Ethereum is second only to Bitcoin. Their blockchain has already undergone an enormous amount of progress, and this process is continues to be happening. But regardless of how well-established this coin is, it will undoubtedly follow when there is an abrupt decline in the price of Bitcoin.