r/Bitcoin • u/WaterWalkersLLC • 1d ago
Bitcoin seems like the only Crypto worth buying anymore
Does anybody else feel like Alt-coins and the likes have lost their steam? Really feel like the music has stopped playing on a lot of major coins ? What’s going on ?
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u/UberMocipan 1d ago
nothing going on, they were always shitcoins:p
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u/142NonillionKelvins 1d ago
Anyone who thought “blockchain not Bitcoin” which was the rallying cry not too long ago….. was a fucking idiot
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u/MrMpeg 1d ago
"I don't believe in bitcoin but I'm interested in the blockchain tEcHnoLoGy" ...so you think the value is in a public ledger and not in the network that grew for so long under the radar that it became too big to be even threated by a superpower?
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u/RobertEDiddly 1d ago
Me bag holding Eth for 5 years. Even sold 1/4 of a coin to buy more eth smh... I ended up converting all my eth into btc shortly after eth had it's latest rally. Seeing it immediately drop under 2k was certainly was a feeling. Still beats being a no coiner though.
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u/BranJacobs 1d ago
Bitcoin is the innovation in the space. There is no market. There is no "better tech". There is the Bitcoin network as the way to do money digitally and everything else is extracting Fiat from suckers. Building something honestly in this space requires accepting Bitcoin as the shelling point unit of digital value. Any attempt to bootstrap a new token immediately reveals the project as a Fiat extraction scheme.
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u/Freakin_A 1d ago
Bitcoin went from zero to one. That is the feat. The rest of them are just latecomers to the game.
Like it or not, features are not what gives a coin value. Trust is the real mark of a crypto, and Bitcoin is the oldest, most valuable, and certainly most trusted name in crypto.
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u/Over_War_2607 1d ago
It's the trust that gives it value... Trust but Verify.
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u/CMDR_BunBun 1d ago
The beauty about bitcoin is that no trust is required. It's cooked into the algorithm. It literally is a no trust system.
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u/FauxReal 1d ago
I'm invested in bitcoin, but I never understood why bitcoin is considered inherently more real than fiat. People still have to agree on its value.
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u/Potential-Choice2129 1d ago
Both are real.
One can be printed for nothing by the most powerful people in a nation to a limit of infinity.
One needs to be worked for by powerful computers and is capped at 21 million. As it is new, less people currently agree on its value than fiat.
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u/Tiny-Design-9885 1d ago
It’s legal tender in El Salvador. There will always be an exchange rate between all currencies and assets. Bitcoin is fixed, like nothing else. So the exchange rate will always favor the hardest asset. It’s going up forever against fiat.
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u/WaterWalkersLLC 1d ago
Spot on
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u/user_name_checks_out 1d ago
You pretend to agree with him, but you don't get it.
Does anybody else feel like Alt-coins and the likes have lost their steam?
No. Nobody here feels that way. Shitcoins have always been scams, they never had any "steam". Shitcoins are centrally managed, only bitcoin is trustless.
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u/Nolear 1d ago
Funny question to make in the Bitcoin subreddit lol
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u/privacy_by_default 1d ago
Yeah, anyone that disagrees is going to be downvoted into a censorship void anyway, no matter if there are technical arguments
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u/Zombie4141 1d ago
I’ve felt this exact way for 8 years. I’m still holding worthless bags of the top alts from 2017. Back then there was only about 5,000 different cryptos to choose from. Now there’s 10million.
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u/Over_War_2607 1d ago
And in 2016 it was just under 2000...and ya I'm still holding worthless bags... Verge comes to mind. I have John Mcaffe to thank for that purchase. But I still love that badass.. I miss him.
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u/Ihatepeople187 1d ago
Let me guess they all still have lost value over time. Xrp can’t even make its all time high from 2017. Bitcoin is the only decentralized money that matters.
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u/Shanedoe3 1d ago
Bitcoin is the only “crypto.” The alternatives were always shit.
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u/Graymatter-70 1d ago
I would like to see Bitcoin acting more like a store of value. It moves / trades more like a high beta stock than it does like “digital gold”. It did hold up better yesterday but in general it’s been moving in tandem with risk-on / risk-off sentiment.
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u/El_Peregrine 1d ago
I can’t recall the numbers off the top of my head, but since the election in November, BTC is up > 20%, Gold 10%, Commodities generally flat or up 1-2%, and SPY/QQQ/Equities down significantly. Sometimes it’s easy to miss long term trends, but something has been cooking these past 6 months.
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u/Saxonion 1d ago
Because people are confused about where investment is coming from. Previous cycles have been entirely retail driven, but this time round we're watching institutional money flow into Bitcoin while retail money is almost entirely absent. Of course institutional money isn't flowing into altcoins. And with global markets doing what they're doing, I don't know when people think retail is going to be pouring money back into speculative alt bets.
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u/TajinToucan 1d ago
There are a few interesting projects out there, but, overall, they each end up breaking my heart.
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u/theonly764hero 1d ago
HODL your alt coins if you have rational faith in that project. It’s just not alt coin season yet. Of course they’re not performing well. It’s the best time to research which alt coins you want to invest in and buy now. Bitcoin will likely top out by the end of summer and then start to lose some momentum. Then almost immediately after, the alt coins will have their run. If you don’t have patience and foresight then this market isn’t for you.
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u/Tasty_Action5073 1d ago
There is no second best. There are no alt-coins. There are only other scams trying to be Bitcoin and failing miserably.
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u/Over_War_2607 1d ago
After playing around with alts for 2 years I finally came to my senses... Just stay away from all the shitcoins no matter how amazing their story of how they gonna change the world sounds. There's only one king of the castle.
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u/heinzmoleman 1d ago
This is nothing new. BTC maxis have been telling about the dangers of shit coins. People touted ETH as the crypto that will over take BTC, look at it now. I have friends who have lost tons just jumping from one coin to another. I don't believe in having a diverse crypto portfolio. There's BTC and everything else is a shit coin.
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u/trufin2038 1d ago
Anymore ? Cmon, this was clear from day 1 in 2009.
Amazing how many people got into "crypto" without realizing they are all just scam counterfeit attempts.
Bitcoin is the innovativtion. "Crypto" doesn't really exist. They should have named the altcoins "bitcounterfeits" so people would realize what they are being suckered by.
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u/EkariKeimei 1d ago
Go to r/ Cryptocurrency. Here you will get a biased answer. But also, yes, it feels like alts are losing whatever steam they had. There are some exceptions.
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u/DepthHorror9528 1d ago
Turns out narrow minded annoying toxic maxis was right all all along. If you didn't listen and bought alts you got rekt.
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u/STRATEGY510 1d ago
Several years ago, I really believed Dash was going to be the one.
I was wrong.
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u/No-Air2768 1d ago
An altcoin’s purpose is to provide their purchaser with rock solid evidence that they made an unwise decision.
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u/Typical_Frame_7368 1d ago
Even xrp is hard to justify due to it being owned by a corporations and seeming to have an un ending supply.
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u/noname585 1d ago
It was always the only crypto worth buying. Sorry it took you so long to figure that out.
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u/PlateFox 1d ago
Its the normal path. Bitcoin -> awe look some interesting cryptos -> sell everything back to bitcoin
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u/madmaxfromshottas 1d ago
too unpredictable, crypto isn’t stocks alt coins will run up again, now just isn’t the time
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u/Pristine-Scarcity-25 1d ago
Bitcoin was always the innovation. The fairest monetary system. It is the only thing you can truly own.
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u/andys811 1d ago
I believe there's value in a few other coins other than BTC, that doesn't mean they are or ever will be even nearly as valuable as BTC, however I think the idea that every other coin is a shitcoin is pretty closed minded and imo untrue. I would agree that BTC is the only legitimate cryptocurrency that can be viewed as an investment. Every other coin I view in a much shorter time horizon and I treat my approach alot differently to BTC. BTC the only one worth HODLing. The other coins are just for rotating through narratives until it finds it's way back to BTC
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u/Orly5757 1d ago
There are too many for one thing. The money is spread out too thin between meme coins and shitcoins in the casino. Now imagine if those guys stopped gambling and just bought bitcoin.
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u/Acolyte_of_Swole 1d ago
"Anymore?"
I'm given to understand it's literally the only crypto with anything behind it.
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u/Fantastic-Airline710 19h ago
Takes you one full cycle to understand. Before that, you're excused for wanting to gamble and "get rich quick". Longer than that, and you'll probably never learn. Many people will still be stuck in the shitcoin casino in 10 years, with the exception that there will be BILLIONS of 'projects' to choose from.
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u/xannydevit0 18h ago
Alt coins have mostly always been a bitcoin beta play
Which you can get by trading MSTR now
Thing is, there’s leveraged instruments for MSTR as well
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u/RamoneBolivarSanchez 1d ago
There is a reason people say these cycles turn people into bitcoin maxis
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u/Awkward_Potential_ 1d ago
Other crypto can get you more Bitcoin. But I think for most people, BTC only makes most sense.
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u/rroonnoo 1d ago
Never understood the whole shitcoin things. Still to this day I feel its gambling.
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u/Narada-Muni 1d ago
Seems like it… untill it’s not. “Buy when there’s blood in the streets”. If that fits your strategy ofc.
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u/Mr_Ander5on 1d ago
There are a few actual projects out there, but most altcoins don’t even pretend to have utility anymore lol. There will never be another “alt season” where they all go up because there are like 10 million ship coins now. There are some projects with potential, but they are few and far between and still a risk bs bitcoin being basically a sure thing.
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u/Natural_Enthusiasm_9 1d ago
We called all altcoins during 10 years , shitcoins, but lot of folks didn’t listen us.
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u/3i1bo3aggins 1d ago
You just don't know which one is hot right now. 99% chance you will lose money on altcoins nowadays. Dollar cost average Bitcoin. The crypto revolution is over when you could invest and have it 100x.
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u/Apprehensive-Tour942 1d ago
There is no second best. But dont underestimate the memes. There's still a lot of dumb money out there.
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u/Electrical-Ad4315 1d ago
It is the only one that we may use globally to buy anything in market. Anything else will just be traded between themselves or private purchasing.
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u/pablo_in_blood 1d ago
Always has been