🌟 Why Bitcoin Only? A Clear & Simple Guide
Bitcoin is often called "digital gold," but with thousands of cryptocurrencies out there, why focus only on Bitcoin? Let's break it down with clear reasoning, simple comparisons, and a few emojis to keep it fun and easy to understand!
📈 The Power of Network Effect
Bitcoin has the largest and most secure network. Just like Visa or Mastercard, new alternatives must be vastly superior to dethrone the leader—but none have succeeded.
- Flawless operation since 2009—the longest-running blockchain.
- Lindy Effect: The longer Bitcoin exists, the more people trust it.
- No central authority—Bitcoin is truly decentralized with a network of at least 21500 nodes worldwide.
🎓 Bitcoin vs. Altcoins
| Feature | Bitcoin 💰 | Altcoins (ETH, ADA, etc.) 🪙 |
|---|---|---|
| Premined Supply | ❌ No | ✅ Often premined, giving founders an unfair advantage |
| Founder Influence | ❌ No | ✅ Strong influence from creators |
| Primary Purpose | 💵 Hard Money | 🛠️ Experimentation & new features |
| Descentralization | 21500 Nodes Costing Less than $200 | Expensive servers, in the case of ETH users have to lock 32ETH |
| Security | 🔒 The biggest hashrate | ⚠ Often weaker due to complex features and lower hashrate. |
| Community | 🚀 Large & independent | 🚫 Smaller & often centralized |
“Bitcoin remained being the top 1 while the majority of old coins failed completely.”
🛠️ Blockchain: Not Always the Best Solution
Blockchain is inefficient for most applications. Many projects use it for marketing rather than necessity. The only true use case? A decentralized and secure monetary system.
“Most altcoins are great at marketing but lack real technical justification.”
💡 Ethereum vs. Bitcoin: The Declining Ratio
Over time, Ethereum’s value relative to Bitcoin has declined. Let’s look at ETH/BTC historical exchange rates:
- 2018: 🌐 High relative value
- 2021: 🌐 Peak speculative phase
- 2022: 🌐 Decline begins
- Now: 🌐 Almost reaching an all-time-low
The trend is clear—Bitcoin remains the dominant store of value.
💪 Bitcoin’s Security Advantage
Bitcoin’s network boasts the highest computing power, making a 51% attack nearly impossible.
💻 Computing Power Breakdown
| Metric | Bitcoin 🔒 | Altcoins ⚠ |
|---|---|---|
| Total Hashing Power | 🚀 Massive | ❗ Much smaller |
| Mining Decentralization | 🌍 Global | ⚠️ More centralized |
| 51% Attack Risk | 🚫 Extremely low | 🚨 Higher risk |
Bitcoin’s security strengthens as more miners join. A well-secured network means trustworthy global money.
Bitcoin is the internet’s most secure and decentralized form of money.
🔄 Everyday Transactions & True Ownership
Some Altcoins promoters argue that the Bitcoin network is too expensive and slow to be used for daily payments, so they try to create new blockchains and tokens. Bitcoin in fact is slow (7 transactions/s) and sometimes can be really expensive, the solution to this is called Lighting Network, it is a subnetwork that leveraging the multisignature capabilities of the main network, it allows users to create channels where they can authorize and move funds without expensive fees or needing to wait. This transactions are not as safe as the on-chain ones, but is incredible superior to other blockchains solutions and consensus rules.
As long as you have your keys, you are the owner of your Bitcoin. If you store it on an exchange, ETF, or similar platform, those are not your Bitcoin. You don’t control the keys, making you vulnerable to losses due to corruption, hacks, bankruptcy, etc.
"Not your keys, not your coins." Bitcoin enables true ownership, unlike bank accounts or other assets.
🌐 The Bigger Picture
Bitcoin is the only truly decentralized, scarce, and secure digital asset. Other cryptocurrencies either:
- Have centralized control.
- Lack security.
- Add unnecessary complexity.
🌟 TL;DR
- Bitcoin’s network effect makes it unstoppable.
- Most altcoins are marketing projects, not real monetary solutions.
- Bitcoin’s unmatched security ensures its long-term dominance.
- Its fixed supply and decentralization make it the best store of value.
If you seek real financial sovereignty, Bitcoin is the only choice.
