Assalamu Alaikum. How are you brothers? I hope you are doing well. By looking at the title, you have surely understood what today’s discussion is about. As far as we all know, there are countless coins in the crypto world. Among them, the top 20 crypto coins are—BTC, ETH, LitCoin, AltCoin, and many others. Now, do you know that among all the coins in the crypto world, Bitcoin is the king of them all? Why? That question is surely coming to your mind. So why wait? Let’s enter into the detailed discussion. Please read the discussion patiently.

BTC VS All Crypto: Why BTC is the King

1. Stability and Discovery: First, let us talk about discovery and stability. You probably already know that BTC is the very first crypto coin. BTC was first created in 2009, and from 2011 its value was determined and it was introduced into the market. It has now survived successfully for almost 17 years. On the other hand, the other crypto coins were created later and introduced into the market. Basically, after seeing BTC, the idea for creating other crypto coins came, and those coins were later created and are now already in the market. 2. Decentralization: BTC is a completely decentralized coin. It is not controlled by any country, society, family, group, company, fund, person, or organization. It is completely free from control or uncontrolled. The main reason for this is its countless public nodes and miners. BTC is heavily controlled by these millions of nodes and miners. And when something has multiple controllers, it becomes decentralized. For example, if you have a normal laptop and it has 8 GB RAM, then you can also download BTC Core from the official Bitcoin.org website or Github and become a node yourself and verify not only your own transactions but also other people’s transactions. Meaning, in the BTC network, you also become an independent node, where everyone together controls BTC and creates a network, making it decentralized. And miners are a type of worker. Through Bitcoin mining, they unlock Bitcoin and bring it into the market. Since they are also in the thousands, BTC remains decentralized. On the other hand, other crypto coins are not decentralized like BTC. They were created from the idea of BTC, but because they are much faster than BTC, ordinary public nodes do not exist in these coins. Because they require a lot of electricity and internet, which is very difficult for ordinary people like you and me. So these are controlled by a state, company, person, group, or organization. Meaning, they are not democratic currencies like Bitcoin. 3. Reliability: Because Bitcoin is decentralized, it has become safe and reliable to everyone. Because if something remains under someone’s control, then large business institutions and even big countries cannot transact freely or safely. From sanctions to war and other reasons, strong effects fall on states and business institutions. That is why everyone is finding safety and reliability in decentralized currencies like BTC, and as a result everyone is moving toward BTC. As we can understand by looking at the current world situation, especially the Iran–Israel war. But on the other hand, other crypto coins have not been able to gain this safety and trust. Since they are controlled, no one considers them trustworthy or secure. For example—during the current Iran–Israel war, an incident happened some time ago. You may have heard that America froze several billion dollars of Iran’s crypto funds. What, do you think they stopped BTC? No. Those cryptos were mainly USDT/USDC. Iran used to take some transactions in USDT, so Trump uncle shut that down. From this, it can be understood that no coin other than BTC is safe! 4. Value Not Becoming Zero: Bitcoin is economically so strong that its value becoming zero is impossible. Because Bitcoin is no longer just an ordinary crypto—it is a digital gold and a global asset, and the future global reserve and currency. Large business institutions and giant companies such as BlackRock, Fidelity, and MicroStrategy are all moving toward BTC today. Among them, BlackRock’s ETF is one of the major examples. As a result, they are continuously buying BTC in exchange for billions of dollars. And although the Bitcoin limit is 21 million, in reality there are only 10 million available. So because it is a limited asset, its price will increase even more, because demand is high but supply is low. And besides all of this, even if hypothetically everyone stopped using it, its value would still remain, even if it became only 1 paisa. Because its decentralized nature would protect it from becoming zero in value. So except for Allah alone, no one will be able to stop the rise of BTC. On the other hand, other crypto coins are not like that. Looking at history, once the value of those coins falls, they usually cannot rise again. 99% of coins remain as dead coins. Only BTC keeps breaking its ATH and continues rising like a rocket.

The Other Crypto Coins: The Ultimate Financial Loop

Now, so far we have learned why BTC is the king of everything. Why it is considered the safest and most reliable currency. So a question is surely coming to your mind—if everyone chooses BTC as the preferred and reliable option, then what is the benefit for the creators of other crypto coins? To understand where the actual profit of those other coins is, we have to dive into another round of discussion at the macro level. So, let’s dive in.

The Trap of Whales and Giant Companies

Usually, we know that if BTC goes up by 10%, then other crypto coins or altcoins go up by 30%–40%. Again, if BTC goes down by 10%, altcoins go down by 60%–80%. Now, have you ever thought about why that happens? Look, all of this mainly happens because of retail or ordinary traders. First of all, we need to understand how many types of ordinary traders there are. Generally, they are divided into two groups.

First Group: Future and Leverage Traders

You are probably familiar with them. These people place bets hoping to become rich in one day by predicting whether the market will go up or down. And these are mainly the first victims of the whales. Because of whale accumulation, these traders lose liquidity in their accounts and end up panic selling the BTC they hold, which fills the pockets of the whales.

Second Group:

The ordinary traders in this group become overly greedy and leave or sell BTC and move into other altcoins. These are the two groups. For more details about the first group, you can read my other article, “The Whales Mind Set.” Now let us come to the second group. As I said, they sell or leave BTC and run after altcoins. Let me explain how that happens.

Greed:

Most ordinary traders are middle class, lower middle class, or small investors. So they do not have the ability to buy BTC, and they want to become rich overnight.

As a result, when BTC starts a bull run, they think, “BTC has already become expensive. Buying a full BTC is beyond my ability. So instead of buying BTC, or by selling BTC, I will invest in altcoins or meme coins. That way I can buy 100 or even more at a cheaper price. And since the king is running, now the subjects will run even faster than the king.”

With this kind of thinking, most of them move toward altcoins or meme coins.

Now, a question may come to your mind—if altcoins can run twice as much as BTC, then where is the problem with becoming rich overnight? And what is the benefit for the whales?

Brother, this is where the real twist begins.

So let us dive once again to understand the twist.

Fake News:

Fake news is one of the main tools of whales and giant companies. Since most media platforms are controlled by them, according to this view they spread fake news such as: by tomorrow altcoins or meme coins will rise twice as much as Bitcoin, this coin is replacing BTC, this coin will become more expensive than BTC in the future, now is the right time to buy these coins, and similar messages. As a result, ordinary people do not research as much as you and I do. So because of greed and fear of becoming rich overnight, they panic sell and move into altcoins. And this is where they face the biggest shock and deception. Meanwhile, whales benefit and grow even richer. How? When ordinary people believe the fake news, they stop buying BTC. As a result, BTC demand in the market decreases. And those who were holding BTC also fall into the fake news trap and panic sell. So demand becomes low while supply becomes high. As a result, BTC’s price naturally falls. And when it falls, whales buy not only the cheap BTC sold by people but also buy equal or double amounts of BTC. But there is another twist here. Whales do not buy immediately. They wait for some time. Though saying they wait is not completely accurate. Basically, they buy in a way that does not create an immediate impact on the real market. So how do they buy? Let us dive one more time.

OTC Market:

You probably have a vacuum cleaner at home for cleaning the floor. Whales are basically invisible like that vacuum cleaner.

Meaning, when they buy BTC even cheaper and at double the rate, they buy through the OTC market.

This market is completely private. It mainly works through dealing with miners.

In other words, they buy BTC from some of the world’s large mining companies, and they buy it cheaply and in large amounts.

And of course, the companies have BTC—because they are the ones who mine BTC and release it into the market.

So they take BTC and sell it to whales, and those BTC move permanently into the whales’ cold wallets.

[It should be mentioned that miners do bring BTC into the market through mining, but control is not in their hands. The real control belongs to independent node operators like you and me. So even if miners wanted to, they could not shut down the BTC network. Because even if miners stop, the node operators would keep the network running.]

Now a question may come to your mind—when companies buy BTC again, why does it not affect the market immediately?

Because they do not buy from exchange markets.

They buy through the P2P method.

So there is no immediate impact.

But in the long term, it creates a very large impact.

Explosive Pump:

When whales buy BTC through the OTC market, they are still buying BTC from the general market. They just use a different method through P2P and buy from people who previously bought BTC from exchanges, and from exchange owners who had already accumulated BTC. As a result, after they buy, the exchanges do not have much BTC left to release into the real market. So the supply of BTC in the public market decreases, and because of that BTC starts rising. Now, a question may come to your mind—then what is the profit for the whales? This is where their double profit comes in. Even though whales buy BTC, because there is no immediate market impact, ordinary people fall into the trap of fake news and excessive greed and move into altcoins and stay invested there. And that is where they become victims of what is described here as the biggest deception of their lives. Because BTC does not immediately move up due to the lack of direct impact on exchange markets, BTC stays down or remains in its previous position. And as we know, according to this view, if BTC goes down by 10%, altcoins go down by 40%. So when BTC holds its base, the altcoin market moves close to zero and then cannot rise again. As a result, when ordinary people lose everything and return to BTC, supply becomes low but demand increases heavily again. And because of that, BTC starts moving upward at an even faster pace than before and breaks its ATH. This is what is called an explosive pump. Now you understand why BTC becomes able to break its ATH? A question is probably coming to your mind again—then why do whales not simply buy directly from exchange markets in one click? That way they could also buy BTC cheaply at double the rate. Then how would ordinary people lose everything? Do you think they are only collecting BTC? No, according to this view, they are collecting BTC for the future world. In the future, they would not need to worry about their labor costs. And these powerful groups are described as taking wealth from ordinary people to achieve their own military and strategic interests. And among the tools used for that, altcoins are considered one of them.

The Deception of Altcoins:

If you notice carefully, you will see that whenever a new crypto coin is introduced into the market, most of the time it happens during BTC’s bull run. The companies that launch them promote attractive ads such as: “Our coin is comparatively cheaper than BTC.” Then ordinary people buy them, and at first their market really does go higher than BTC. Through this, they gain the trust of ordinary people and trap them in greed. As a result, whenever whales sell a small amount of BTC due to some financial obligations, the market starts moving slightly downward, though it does not fully crash. But future and leverage traders, because of fake news and to avoid liquidation in their accounts, start panic selling their BTC. So when the market begins to go down to some extent, those whales again spread attractive fake news, just as I mentioned before. As a result, since ordinary people had previously benefited and trusted them, they invest in those altcoins at double the previous rate, or they sell BTC or stop buying BTC. As a result, whales buy not only the BTC being sold but also buy more BTC at even cheaper prices. But since they buy in a way that creates no immediate effect on the exchange charts, BTC naturally does not rise in the public market. Because of that, altcoins go down even more than BTC and eventually their value becomes 0. But after some time, when BTC starts rising again because of supply shock, ordinary people return to buy. But since the market has very low BTC supply and demand keeps increasing, BTC starts moving upward at rocket speed. And in this way, whales win and ordinary people lose everything and become poor. Because BTC is global currency and digital gold. As a result, it has a strong foundation. But because altcoins and meme coins are controlled and do not have decentralized skill like Bitcoin, they do not have a strong foundation. As a result, it becomes impossible for them to hold value like BTC, and these altcoins eventually become worth 0. And in this way, ordinary people become victims of greed and hand over everything to whales.

Final Thought

Look, today the loop we are in is not because of whales. We ordinary people are responsible. Because if we had not acted foolishly and had patiently held spot BTC, this would not have happened. Yes, it is true that the price of BTC is going beyond the buying ability of ordinary people day by day. But it is also true that ordinary people still have an opportunity. You have to stop thinking about buying one full BTC at once. Ordinary people should accumulate satoshis little by little according to their ability. Then slowly one day you will become the owner of one full BTC. Because if you do not even collect satoshis now, in the future even buying satoshis may become impossible for ordinary people. Forget buying a full BTC. And in this way, valuable digital gold like BTC goes into the hands of whales. At present, BTC is in the 59K range, and the RSI level is below 40, which means the market has found its base and within the next 4–5 months it will reverse again and BTC will break its ATH. So now is the opportunity—buy according to your ability, even if it is only satoshi. Because this satoshi will make you a landlord in the future. And definitely avoid fake news. Patiently hold spot BTC as much as you can. That is all for today. We will meet again in another special discussion. Until then, everyone stay well. Assalamu Alaikum

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