I will not sell my Bitcoins for alt coins anytime soon

in bitcoin •  8 years ago 

Here are my 9 reasons why I will not sell my Bitcoins anytime soon for alt coins.

1. Bitcoin is the only coin that has caught on to mainstream investors and attracted millions of investors.

2. Bitcoin has the largest market capitalization around $10 Billion

3. Bitcoin is the only coin with an ETF (exchange traded fund) that can be invested into with a 401k and Ira retirement plan.

4. Bitcoin is the most trusted coin since it has been around the longest.

5. Bitcoin is the most widely accepted coin as payment.

6. Bitcoin has a limited supply on how many coins will ever be in existence at 21,000,000 coins.

7. Bitcoin is the gold standard of crypto coins.

8. Alt coins try to imitate Bitcoins so they are not authentic coins, Bitcoin is the original crypto gold standard coin.

9. Most alt coins are scam coins and have billions of coins in supply so their value is really limited to how much they will ever really be worth. When it comes to currency you want a limited supply, higher supply means lower value for every coin in existence.

#bitcoin #crypto #altcoins #money #cryptocurrency

bitcoin crypto altcoins money cryptocurrency
8 years ago by

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      ·  8 years ago 

    We have the same point of view.

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      2 votes
      [-]
        ·  8 years ago 

      You need to do 9 good reasons for STEEM next ;)

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        1 vote
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          ·  8 years ago 

        I would point Diamond (DMD) as reliable coin.
        It is not the best, but it has a POS (and POW). The coin that gives me more than 2 years of interest, which can not give Bitcoin.
        Part of the interest I spend. part leave in the wallet.
        My investment has increased several times.

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          1 vote
          [-]
            ·  8 years ago 

          I prefer HODLCoin

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            [-]
              ·  8 years ago (edited)

            Thank you for posting acassity.
            Readers: Remeber, Bitcoin is still a risky investment. Never invest more than you can afford to lose.

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              1 vote
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                ·  8 years ago (edited)

              Yeah for sure, not saying to put all your money in Bitcoin but just stating why it is still better than most alt coins.

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                2 votes
                [-]
                  ·  8 years ago 

                yeag

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                  1 vote
                  [-]
                    ·  8 years ago 

                  A picture says a thousand words

                  I love my BTC, but diversification is healthy.

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                    [-]
                      ·  8 years ago 

                    For sure, that's every alt coin combined that chart not just 1 coin and there are new alt coins being created almost monthly. Bitcoin still has by far the largest market cap the only one that comes close is Eth. But one day maybe there will be a better alternative, but Bitcoin is the most widely accepted as actual payment for purchases.

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