Topic: Bitcoin Is Not The Best? But... - page 3. (Read 779 times)

Bitcoin is amazing! I am very glad that I knew it way back then. My free time is more senseful than before. I can gain some income through bitcoin, I hope. Atleast I can have some additional money compare in playing video games. I feel that I am just wasting money on that even it gives happiness and fulfillment to many people right there. Maybe bitcoin is not the best but it changes the way I live in many ways.

This is just an elaborate way of phrasing "Bitcoin will be popular, because it's popular".  Something being popular now does not dictate what will happen in the future.  It is the most instantly recognisable cryptocurrency which the public are more aware of, but this does not have to continue forever and it's not particularly strong.

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What makes BTC relevant is that it's the basis for the development of other cryptocurrencies.  Some new cryptocurrencies bring new suggestions and purposes to blockchain technology, but they are usually for a very specific purpose, whereas Bitcoin is the general basis for all of this - hence the claim that it is a "master crypto".

Furthermore, these new cryptos with specific purposes tend to be quite experimental - they are just testing the waters to find what could potentially be practical.  BTC doesn't need to add all these new features and that's what makes it the most secure.

I think the power consumption won't be a problem for bitcoin. As soon as the electricity deficit will be easy to increase the size of the unit and increase the number of transactions. It does not suit the miners, but if it becomes a question of profitability then the problem will be solved easily. All interested in the existence of bitcoin. Science is also not standing still and will be found technologies that reduce the consumption of the amount of computing power remains the same or even increase.

its true,bitcoin proved her self and stability although sometimes price comes down still having its way up and being noticed because of big increase from the tome it goes down.and bitcoin need no reason to go in test.coz for how many years.it was tested and tried and still dominating supremacy over all the coins in crypto.

What is anyone's definition of best?

There might be faster coins out there. Are they as secure? There might be coins with more capacity. Could they handle full capacity 24/7 for years on end without breaking? Bitcoin can. I doubt people want to test it out again with other coins.

Bitcoin is not the best but in my opinion it will last a long time in the future. Because it is recognized around the world, in limited quantities, bitcoin is becoming increasingly scarce, causing its value to increase. This makes bitcoin always the number one.

I see Bitcoin as the promisor and the revolutionary of this industry, and I have no doubts that it will be the coin with the biggest market cap for years. But bitcoin came to offer a new way to make payments all around the world fast and secure, and of course with a low fee to everybody. I also don't believe bitcoin is the best cryptocurrency because there are a lot of good projects with so many things new and doing the same thing as bitcoin and even more. Unfortunately Bitcoin is a POW coin and only people with much money can mine it (now) profitable and I think this is the only problem with it.

At the moment Bitcoin has Cryptocurrency Market Capitalization Dominance: 57.2%. And that's versus ALL of the other thousands of coins. Bitcoin serves it's purpose as a secure digital currency with a immutable ledger. I also think as great features evolve in crypto, Bitcoin was absorb these sort of things to grow even stronger.

We are now swimming in the sea of coins and tokens as the cryptocurrency marketplace is expanding astronomically for the past many months. We are into the barrage of new ICOs almost everyday...there are new versions of Bitcoin, new idea of a cryptocurrency and sometimes also strange projects which can be hard to fathom and let alone swallow intellectually.

There are those who believe that actually Bitcoin is not the best cryptocurrency though it is the first and the original. Others are pointing the problem of the Bitcoin network consuming a huge load of electricity to power up its mining operation...this can be a big problem not just in terms of cost but also because we are now entering the green revolution (a solution is of course using renewable power supply).

Bitcoin is not really so anonymous which give rise to Monero or Bytecoin, coins performing much better along this realm. We also have the powerful miners having such a great influence and decision control over the community. Compared to Ethereum or even XEM, we still have to see a myriad of extra utilities  or features which can convey to us that indeed Bitcoin is the future.

With all of these problems (or maybe we can call them as challenges), Bitcoin will still be the most important and the top cryptocurrency primarily because it has the largest or the biggest or the most widespread or the most dynamic network of acceptance. Do you agree?