Dude, I can relate to you. I've held some BTCs as well and did my own risk taking by purchasing altcoins that I think might pump so that I can add more BTC to my portfolio if ever I make some profits with them. Well, that's a mistake that I've seen that my money go away and didn't materialized into profits. That's why holding is truly stress-free and there is no need to be so optimistic with different altcoins when the best is already in front of us. Good thing is I have not exchanged some of my BTC for trading those alts, they're all from my spare fund and some altcoin profits too.

he's saying about the truth indeed and I bet most of his wealth also in BTC anyway.

I mean by looking at chart alone it's pretty obvious with how bitcoin dominance has been increasing for years ever since bearish market and right now sitting at a high place.
added with the fact that altcoin or shitcoins in general barely touching 50% of their ATH.

like literally all those people trading shitcoins are doing something so complicated just to ended up with 1/4 profit of just holding bitcoin and do something else and that with prerequisite that they are profitable .

peolpe thought altcoin will pump so high because it's micro market cap as it turns out the market just outright forget about altcoin and now they got even smaller market cap.

if I ever get tempted to buy and hold an altcoin, I will never attempt holding it above a few months because they were never designed to work that way. The complicating issue about them is that once they start going down, the movement becomes so sudden, and waiting for it to recover will only lead you to losing more of your assets if not losing the entire holding. holding altcoin for years? That's an act of real faith.

investing in Bitcoin does not demand all these calculations in trying to be up to speed with what is happening to Bitcoin. there might be resistance and a lot of bearish moments but after such resistance, the market will certainly recover which is the good thing about concentrating on just bitcoin. diversifying your portfolio for the long term into bitcoin and altcoin will eventually result in your altcoin holding dragging your portfolio down while with time bitcoin continues to gain. As someone who has been an insider at Binance, he must have seen all these things from a first-hand point of view.

Betting in altcoins and waiting for few years is risky, it's time wasting and money burning.

Coinmarketcap website has this page https://coinmarketcap.com/historical/ for Cryptocurrency Historical Data Snapshot which is helpful by giving you similar information from past years, past top coins, and it saves both your time and money.

Altcoins are risky and most of altcoins fail and die with time according to the historical snapshots.

altcoin of today has too much risk compared to profit that it can generate, so many projects underperforming while bitcoin is doing great.

I think it's partly because we have different institutional investors this time around who possibly bought BTC from ETF, and the rest settle through OTC and they don't intend to rotate their money because it's such a hassle unlike previous bullrun.

if you think about it that way, it does make sense why bitcoin is outperforming every altcoins in the market.

When can we shutup about CZ already?


No matter how much you tell people about this, they don't get it. I'm struggling to discover a new way to explain utility to altcoin people who tell me their ABC coin can be used for something.

Can be used and is used is a universe of gap.

Bitcoin is used. Altcoins can be but is not used.

I would say, only ETH is really used, but as a way to pay for stablecoins (also the only other thing used). But these uses all relied on Bitcoin.

We can not know and can not say about future, but in history leading centralized exchanges usually did not manage to maintain their leading positions after one market cycle.

Binance seems to be different as it has led the market since its appearance in 2017, and this market cycle can be considered as its second cycle as a biggest centralized exchange in cryptocurrency market. There are many signals that Binance has been under mass attacks to shut it down. Bitcoin Spot ETF applications in the USA with participation of BlackRock and then approvals are not good news for Binance. The trade war between the USA and China is also not good news for Binance.

They already paid $B cost months ago but I think it won't stop there and future of Binance and CZ will be risky.

it makes sense since bitcoin was the very first of crypto anyway the rest of cryptocurrencies would not exist today if not for bitcoin

bitcoin is what pulls or pulled most of the crypto investors today and until now no other altcoin has exceeded bitcoin in terms of popularity
maybe more convincing is required for the remaining 1%? to show them that bitcoin is indeed the most superior among crypto industry

i believe those who are not holding bitcoin just do not prefer bitcoin simply but it is not a worrying number in my opinion

Yeah. Sometimes people have a weird definition of "being used" as well. For example the main utility of stablecoins is for traders who are playing in the crypto market to make some profit. That is too limited and since they don't really have anything innovative, anything new that comes along gains the same traction.

Or ETH utility which is only fuel for smart contracts (simply put for token creation) and if some day the token hype subsides or a more hyped up platform comes along, ETH will be dumped immediately.

But bitcoin's utility is to be used like money and for it to be replaced, a better money has to be created and it is extremely difficult to create something better as we've seen in the past 16 years and over ten thousand tries!

I call that created utility. Bitcoin had a utility that fit an existing need. People needed a way to send each other money and not deal with all the headaches of shit like banks and paypal. We all know how expensive it is to send, and sometimes to get blocked, and to get delayed. Bitcoin solved that.

Shitcoins didn't have a utility, they just created and told us, hey you can now use us for this. Hence the Dapps with silly nft games that NOBODY needed.

Like you said, ETH is dumped because other shiny things came along. Look at the sad price of it today.



Yes but my question is CZ is an ex convict and is not even part of Biance anymore why are we still giving him room and visibility? This dude didn't really contribute anything other than to help pump shitcoins, list memecoins that lost people money and helped criminals forge identities to evade tax, why should we care what he has to say?