Topic: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency? - page 3. (Read 584 times)

how is it that you separate bitcoin and blockchain exactly?  Yeah there are a bunch of shit coins trying to act like they can compete on some kind of similar blockchain or their own blockchain, but bitcoin and its blockchain come as a package, and the other nonsense blockchain hype that attempt to build without bitcoin are just tending towards pump and dump cash printing bullshit, no?

Bitcoin is about much more than the price and ushering in the blockchain technology era will be one of its defining characteristics.

It is Block chain obviously. we must have to give credits to BTC as well. BTC is the first crypto currency , has decent daily volume, wide acceptance , real life use. But ultimately it is the block chain we are talking about. So BTC will have hard fight in future if any other coin can bring unique features. But the pathfinder will remain first, always. So it is hard to defeat btc . And Price of a coin indicates something, not everything. There are shitcoins in the market being traded at 1000x price from its actual value.

Your framing of the question and the other two responses in this thread, so far, seem to miss the importance of bitcoin, and seem to attempt to conceptualize bitcoin as if it were the equivalent to other crypto projects, but with merely a larger market cap...

In reality bitcoin is the only coin that really matters because of the way that it is set up.  It solves the byzantine general's problem and networking effects have been being built upon it since the genesis block... There are nine networking effects that are outlined by Trace Mayer, and you can easily look them up in order to better attempt to understand the importance of bitcoin and it's paradigm shifting contribution to securing value in a way that is outside of centralized authorities that has never been available before it, and might not even have been possible until the internet had reached a certain level of maturity in recent years.

So bitcoin the currency and bitcoin the blockchain are a combination of dynamics that create incentives to build network effects and to continue to build such network effects.

The level of adoption remains less than 1% of the world's population, so it is nearly inevitable that BTC's price is going to be considerably volatile for many years to come (probably decades), and accordingly, the price will not always accurately reflect value... and it is also possible that networking effects could move over to some other superior coin/project, but there is nothing even close at the moment, so it is likely that any merging over to some other project would allow users to move with it, if such a project were to evolve in the space.

There is no reason behind it to make it a top one currency, this coin is ultimately the founder of cryptocurrency so thats why Bitcoin can be the top one.

Bitcoin is the sort of "primary" currency in the cryptocurrency space because bitcoin has the highest marketcap, not necessarily the highest price. There are some crapcoins that has higher price than bitcoin, but the marketcap is very very low, hence it's not even in the top 100.

Marketcap = Price * Circulating Supply

In this case, $7,437.77 * 17,157,987 BTC = $127,617,160,969

There is something I'm thinking though I don't know if it's right or wrong, that Bitcoin is the prime currency here, not necessarily because of its price but because of its blockchain project and being the first in the system so I'm thinking even if other cryptocurrencies price ever get higher than Bitcoin, will Bitcoin still be seen as the prime cryptocurrency? Or is the whole thing around the Bitcoin centered around its current price in the market?