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Dunamisx

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Quote from: sunsilk on August 01, 2022, 02:22:37 AM

In the altcoins, there will really be a lot of changes and I always get to see those conversations that something might happen to replace bitcoin at the top.

I've also experienced similar threads on he forum as well, same way i don't know what they were thinking by not considering the years it has remained undisputable.

Quote from: sunsilk on August 01, 2022, 02:22:37 AM

I cannot fathom what they're thinking if bitcoin has already proved its worth for so many years.

They are the set of people well known for antagonizing progress and continuity, all their chase is after air, vanity.

Quote from: sunsilk on August 01, 2022, 02:22:37 AM

They're comparing it to old tech companies like Nokia, Blackberry, etc. But they cannot realize that bitcoin is no the same from those companies that has to keep with their products up-to-date setting whilst for bitcoin.

One of the common things attributed to them is that they will always find a means to justify their wrongs, they had forgotten that product is different from currency which can be use to buy the entire producing factory of a particular product, that's how far bitcoin can go in surprising them.

maartenhaha

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With the creation of bitcoin by Satoshi Nakamoto, another alcoin was born. As far as I remember bitcoin is only a medium of exchange to buy burgers and alcoin does not yet exist, then over time bitcoin is increasingly recognized by the public and many investors believe in bitcoin and the price of bitcoin is increasing. more expensive, so it appears. there are other alcoins so with this it is very reasonable to say bitcoin is the king of alcoins.

coinsrider

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definitely bitcoin is King even if there has been a great fall during 2022 BTC will reemerge and reach new heights and peaks.

Razmirraz

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It is very interesting discuss Bitcoin which has always been the King of Cryptocurrency from year to year. The development of bitcoin is much more advanced than the previous year, from its initial appearance it was only considered a joke until it was officially adopted as a legal tender in a country. El Salvador policy of embracing Bitcoin as a legal tender has prompted several other Latin American leaders to indicate that they will follow El Salvador lead. Support from several countries is a significant change for bitcoin reputation on the world stage.

Then the question arises, why did the country officially adopt Bitcoin as a legal tender, why the choice was only Bitcoin, even though there are so many other cryptocurrencies that are still in circulation. The answer is because Bitcoin is the King of all existing Cryptocurrencies.

Morosophy

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Due to the large volume of Bitcoin holders and its market cap it can be regarded as the king. Volatility is the true nature of bitcoin which leads to great fluctuations in its price values. Many hopes have been set by the people on bitcoin in the coming years.

TheGreatPython

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Quote from: sunsilk on August 01, 2022, 02:22:37 AM

In the altcoins, there will really be a lot of changes and I always get to see those conversations that something might happen to replace bitcoin at the top. I cannot fathom what they're thinking if bitcoin has already proved its worth for so many years.

They're comparing it to old tech companies like Nokia, Blackberry, etc. But they cannot realize that bitcoin is no the same from those companies that has to keep with their products up-to-date setting whilst for bitcoin.

It is the market that makes it up-to-date. I'm sure that many from the top 10 will be replaced by the next bull run but one thing will remain, bitcoin as #1.

I think the problem is that it’s an "aim" not reality. I mean you do not have to be higher than bitcoin, but it sure doesn't make sense if you create a project with the sole understanding that you will never replace bitcoin. What I always say about the comparison is thinking yourself as a sports player.

If you are going against Nadal, you can't go in to a game with him thinking that you will lose or he is better, you have to think that he is old now, and he is not as good as he used to be, you are better, you are more talented etc etc, you have to tell yourself that otherwise what is even the point of going up against him, just leave. Same for projects, they need to think they will be above bitcoin one day, they have to, not because it needs to be reality, but because otherwise what’s the point of creating a new one?

sunsilk

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In the altcoins, there will really be a lot of changes and I always get to see those conversations that something might happen to replace bitcoin at the top. I cannot fathom what they're thinking if bitcoin has already proved its worth for so many years.

They're comparing it to old tech companies like Nokia, Blackberry, etc. But they cannot realize that bitcoin is no the same from those companies that has to keep with their products up-to-date setting whilst for bitcoin.

It is the market that makes it up-to-date. I'm sure that many from the top 10 will be replaced by the next bull run but one thing will remain, bitcoin as #1.

usekevin

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Bitcoin is the king of cryptocurrency from the beginning,their is no doubt in that.When the price of bitcoin crossed the value of 60k$,it gives the investors huge hope.It bring the most investors again and again.The price pump will be the ultimate one for the investors belief.Later on huge people invested on the bitcoin and due to some dump.The price of bitcoin had back to 20k,it will be the one of the best opportunity.

Wind_FURY

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Quote from: Symmetrick on July 28, 2022, 12:49:25 PM

Leaders change, depreciate, get stuck in terms of development and price growth, and only one asset remains unchanged. Bitcoin.

It's because it does just one thing, and it's doing it VERY WELL, as a decentralized, censorship-resistant cryptocurrency that can be used as a Store of Value and a Medium of Exchange. All those other blockchains with "many features" are a Rube Goldberg Machine, that overcomplicate solutions instead of simplifying them.

"Cryptocurrency Number 2" is the biggest Rube Goldberg Machine. Jimmy Song explained it in his blog, https://jimmysong.substack.com/p/ethereum-is-a-rube-goldberg-machine

laurenB7742

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Quote from: mia_houston on July 31, 2022, 04:05:40 AM

~~ I remember when there was another crypto (YFI) that cost more than bitcoin but still people trust bitcoin more as an investment asset and their trust paid off when the crypto market plummeted YFI fell even worse than bitcoin today.

YFI, is this the first coin to make defi trend? It is not believed by many people, as we all know that it is a transient and unsustainable hype that will not last. It is not difficult for a coin used for hype to be worth more than bitcoin, YFI value is sometimes higher than bitcoin but in terms of market capitalization and number of holders, its popularity has never surpassed bitcoin.

Joswa Russell

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I have no doubt in saying that bitcoin is still the best crypto ever. Nearly all new traders know cryptocurrencies because of bitcoin. It might be going down at the moment but many consider it as a great time to stock up their wallet with new bitcoins. I mean when it is here to stay, why don't you buy it at a low price.

mia_houston

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Talking about popularity, usability and also the forerunner then it is indeed feasible to be make bitcoin as the king of cryptocurrencies, regarding popularity, perhaps there is no other crypto that can compete with bitcoin so far as well as its usefulness which can be said to be multifunctional both as an investment tool and a means of payment, the large community owned by bitcoin has supported the countinue to development of bitcoin expanding and maybe we are just waiting for the time if bitcoin adoption globally will be carried out, I remember when there was another crypto (YFI) that cost more than bitcoin but still people trust bitcoin more as an investment asset and their trust paid off when the crypto market plummeted YFI fell even worse than bitcoin today.

hyudien

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The top 10 cryptocurrencies do not guarantee to last more than 10 years. That changed and Bitcoin remains Bitcoin. Irreplaceable and indeed nothing can replace its position as a promising investment vehicle.
So personally for me, trying to get down from the top 10 monitoring on Coinmarketcap maybe only 3-5 that can be prioritized.

davis196

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Quote from: Queentoshi on July 30, 2022, 02:26:55 PM

If Bitcoin is King, who is the Queen?

Probably Tether. Many people keep arguing that Tether was the main reason behind Bitcoin's massive price pump in 2017(and maybe in 2021).
A queen must support her king. Grin

Anyway, comparing Bitcoin to altcoins is pointless at this point. No altcoin is capable of gaining the amount of trust and authority that Bitcoin Core has. Even that imposter BCH altcoin was in the Top 10 list for a while. That's how strong Bitcoin actually is. The altcoins, that are pretending to be Bitcoin actually get to top only because they pretend to be Bitcoin. Grin

I've asked myself multiple times during all those years. Do we really need altcoins? Having competition on the market is great, but no other coin can compete with Bitcoin.

ethereumhunter

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Quote from: CageMabok on July 30, 2022, 09:02:09 AM

Super true and your explanation is amazing. since 2017 I see Bitcoin is in the first place and until now it is still in the first place. This shows that Bitcoin is always stronger than altcoins every year, so changes in the position of altcoins from 2 - 10 are always there and are always more frequent. I'm sure for next year where Bitcoin will still be the same as now, which is at number 1, so Bitcoin deserves to be said as King because its position is difficult to be taken over by others.

No doubt about that. Since I have known bitcoin, I consider that the altcoin market will always follow where bitcoin moves because bitcoin is the first coin in the crypto and lead the market. The position on the number 2 and the next number will always change but bitcoin is still in the position at number 1. That is why bitcoin will remain as King in the crypto market. Besides that, people who know the crypto market will hear about bitcoin first than the other coins, although right now, people hear about the new project that releases out there, but they will know that bitcoin is the leader in the crypto market.

worle1bm

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This is why it's said to invest in Bitcoin as it's the only coin holding the top position for all these years while all others have gone out of market.You should be holding some part in bitcoin to secure your future but can also diversify your portfolio with some altcoins you like but most of them are turning out to be scam these days so be wise to avoid them and stick to some top one's only if you wish to do so.

But yes bitcoin is the king of the market and there's no doubt in that.

Smack That Ace

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Quote from: Wakate on July 30, 2022, 02:50:49 PM

Quote from: Queentoshi on July 30, 2022, 02:26:55 PM

If Bitcoin is King, who is the Queen?

Tiu wanna know the queen? Then you have to think twice to know who could be the queen. If we are talking about adoption the we will have to take a close look an Ethereum which is the next most adoption token in the crypto market. Ethereum is a big project just like we have Bitcoin and it had been making waves since 2017. After Bitcoin then we need to take a look at Ethereum which is also next after Bitcoin. There are other projects also that are like Ethereum too.

Bitcoin is the king of crypto and Ethereum is the queen of altcoins. No one can be more deserving than eth for the position of queen, a good coin after bitcoin and also widely accepted. 10 years have passed, there were many projects born and always wanted to kill, replace, overthrow BTC or ETH but all failed miserably. Looking at projects today there is really no worthy coin to take the place of kings and queens and always will be, no one can challenge bitcoin or eth.

onecall123

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Bitcoin is cryptocurrency The main tool in the world is because crypto-currencies without Bitcoin are more stagnant than you can imagine.Bitcoin can be considered as the lifeblood of crypto currency although Bitcoin is suitable as the oldest coin.But according to the information of the investors that have the most investors, you can consider which coins are the most acceptable.Of course protecting bitcoin websites can be determined then Bitcoin is the lifeblood of the cryptocurrency world

When purchasing outside of Bitcoin, you are essentially gambling with your money in uncertain times. As of right now, Bitcoin is king, and none of the other coins are useful. Bitcoin has become more trustworthy in these times. In comparison to other crypto-currencies, Bitcoin is far more secure and much more strong.

Queentoshi

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Quote from: decodx on July 30, 2022, 03:45:02 PM

Who says there has to be only one queen?

Maybe not one Queen perhaps, but among the queens there must be a number one among them all, don't you think so?

Quote from: Wakate on July 30, 2022, 02:50:49 PM

After Bitcoin then we need to take a look at Ethereum which is also next after Bitcoin. There are other projects also that are like Ethereum too.

I think I agree with this.

decodx

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Quote from: TheNineClub on July 29, 2022, 05:05:18 AM

This really means little. BTC had a significant head start compared to other coins ...

Regardless, I think this means a lot. Do you remember Netscape, or services like MySpace or AIM? They all had a head start but ultimately failed because they were replaced by more robust and user friendly alternatives, like Firefox, Google, or Facebook. Therefore, I do not think that head start alone is enough to dictate success or failure.

Quote from: Queentoshi on July 30, 2022, 02:26:55 PM

If Bitcoin is King, who is the Queen?

Who says there has to be only one queen?

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