Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Moreno233
on 21/02/2025, 10:41:03 UTC
Anybody should never compare altcoins to Bitcoin, they're all cryptocurrency but there's a reason why Bitcoin stands out and the rest are called altcoins. Bitcoin is decentralized unlike altcoins that are centralized and can be manipulated, that is why I consider them as scams.
The word "cryptocurrency" is where the real problem is especially as you lump Bitcoin and the numerous shitcoins under that acronym. That means if someone lost money to scams that is prevalent in shitcoins, they can say they lost most to cryptocurrency which Bitcoin is part of and even the head. This is not fair and the reason we should just maintain the world Bitcoin which have more acceptance, more popularity and more integrity than anything out there. If you mention Bitcoin, you will not send any negative impression to people but the moment you mention cryptocurrency, people will be more careful knowing the kind of damage shitcoins and their promoters have done using cryptocurrency and other fancy names.

Satoshi, created Bitcoin and vanished, he/she/them has no influence whatsoever on the price, so it's the forces of demand and supply that determines it's price. Bitcoin has gained the reputation as a store of value and the longer you hodl the more ROI you get, depending on the stash you have accumulated. You can't say the same thing about altcoins, hold them at your own peril because you're gambling your funds, newbies that doesn't know this fact might learn from experience in the future when their altcoins is either static or dead.
You already knew that Bitcoin is the only reliable asset in this digital space which is good. Just maintain the nomenclature of Bitcoin and never regard everything as cryptocurrency to make it more impactful and reliable.