Topic: Bitcoin is still the favorite choice - page 10. (Read 2434 times)
Of course bitcoin will always be the best option even when it has high transaction rates and the reason is precisely because altcoins have creators and it is the creators that determine the direction of the altcoins, in the case of bitcoin Is the community that determines its direction... so this creates more confidence in investors, not to mention that bitcoin has many rich and ordinary people who bought and talk openly about this fact which encourages more people to buy and follow in their footsteps.
There are many reasons why bitcoin will always be main coin in market. bictcoin pioneer in crypto. had a large and strong community. had possibility of higher prices than today, although there are many new coins with better features but I don't think anyone will be able to surpass bitcoin. and also many altcoin and project also depending on bitcoin.
since I got to know bitcoin, it's true that bitcoin has become my favorite coin , maybe the whole world, people who are struggling in the crypto world, must have bitcoins in their personal wallets, even though the news circulating is often negative but with negative news people start to find out what it's bitcoin and buy it
An important reason for Bitcoin's popularity is that it has withstood the test of time. No digital currency has experienced so many ups and downs like it. It has been discussed many times around the world, and tenacity of its vitality also proves its value from the side.
Moreover, Bitcoin is the most widely-consensus digital cryptocurrency, and it has a strong international circulation. The total amount of Bitcoin is constant at 21 million, and it is halved about every four years. It is scarce. In addition, Bitcoin is a peer-to-peer transaction transmission, free from the intervention of various institutions, and can circulate around the world. You can send your Bitcoin to any corner of the world. Coupled with the fact that Bitcoin has higher returns than gold. Digital currency or encrypted assets represented by Bitcoin is the general direction of the development of the entire financial industry.
The great investor's enthusiasm over Bitcoin is based on its overall progress during last decade, it is proven only crypto asset that surpasses the expectation of investors and breaks the previous record highs. And bitcoin has been presented to the world to comply with the general trend of economic globalization.
https://medium.com/cryptocurrencies-ups-and-down/bitcoin-is-still-the-favorite-choice-598d15fde96f
Moreover, Bitcoin is the most widely-consensus digital cryptocurrency, and it has a strong international circulation. The total amount of Bitcoin is constant at 21 million, and it is halved about every four years. It is scarce. In addition, Bitcoin is a peer-to-peer transaction transmission, free from the intervention of various institutions, and can circulate around the world. You can send your Bitcoin to any corner of the world. Coupled with the fact that Bitcoin has higher returns than gold. Digital currency or encrypted assets represented by Bitcoin is the general direction of the development of the entire financial industry.
The great investor's enthusiasm over Bitcoin is based on its overall progress during last decade, it is proven only crypto asset that surpasses the expectation of investors and breaks the previous record highs. And bitcoin has been presented to the world to comply with the general trend of economic globalization.
https://medium.com/cryptocurrencies-ups-and-down/bitcoin-is-still-the-favorite-choice-598d15fde96f
You're definitely right that Bitcoin has been around for the longest, because of course it was the first to showcase and use the blockchain technology. I think the big mistake that Satoshi made was underestimating the popularity of Bitcoin and putting a hard cap of 21 million on it. The idea of stopping inflation with what looked like a huge number in circulation was great and certainly helped build the popularity in the early years, but it is now proving to be a bit impractical in some ways. Every day more and more Bitcoin gets lost - as we saw with John McAffee and Micrea Popescu who died suddenly, making large amounts inaccessible. While it is good for raising the price short term, in the long term it is going to cause Bitcoin to lose some appeal and actual practical functionality if we are left with an ever diminishing pile of available coins.
I think that you raise a very valid point here. Bitcoin being first gives it a major competitive advantage, there is no question about that. It's important to remember that due to being first, it has the "early movers advantage". It's also important to remember that because it was first, it has been battle tested unlike any other coin has. Coins such as bitcoin cash and others like to say that they have a much cheaper and fast blockchain, and that is true, but what they don't mention is that none of them have every had nearly the type of inflow and outflows that bitcoin has. It truly has been battle tested. Sure there are test-nets, but until a coin has actually had that type of flows, it's all conjecture when it comes to talking about how well it would hold up.
As the first digital currency that become popular and valuable, no doubt that it is still the favorite choice of all after more than ten years of existence. After all, the adoption of bitcoin keep on increasing despite of FUD's and criticism. This is the a proof that bitcoin will become more and more interesting part of crypto.
It is a favorite choice because the strongest will remain in a more prominent role and more visible certainty in terms of profits that can be obtained. The more interested, the higher the chance it generates a high price, well it's like points on bitcoin as a crypto leader.
Bitcoin has indeed faced diverse critics and major treats by world powers because it has treatened the financial system of the world but be it as it may the beautiful thing about Bitcoin is it decentralization and it's peer to peer transactions which even attracted more investors from across the world making it more acceptable by even non Crypto agencies, how ever by 2029 we should be expecting a new phase of Bitcoin technology with massive volatility and capitalization
Last time the critics was it is involve in some kind of illegal activities where criminals used it to hide their transactions. where in reality bitcoins has nothing do with that and only those people who used it as a props. nowadays, things like that has been already clarified and more likely these existing critics will be erased if the truth will come where every negative things they related to bitcoins are nothing but lies. Therefore, if you are news to this industry, you always check first why until now they still choose it and nothing has been change since then. the price is still increasing and most of the time you can people will get curious and will also join the league on investment.
We're all in this space, and we're all talking about it well, but if you go out and look at other markets, crypto is still too small. But I think all of us who got into this market early have a huge opportunity to build something for ourselves.
Case in point, the January "double spend". https://fortune.com/2021/01/22/bitcoin-price-double-spend-rumor-btc-usd-30000-blockchain-what-is-double-spend/
It seems like this sort of thing would be more common if bitcoin was in more regular use as a full core node. It's a very simple mistake that could be made by any user..
It points to me that bitcoin isn't in common use without third party vendors, which intuitively makes sense due to the currently high transaction fees.
Of course, people do not doubt that bitcoin is used as their favorite crypto, because so far bitcoin has proven to us that bitcoin is growing and able to withstand various negative news, thus making bitcoin increasingly popular and many investors today will continue to come to use bitcoin as an investment.
it's true as you said, everyone has no doubts about bitcoin, because bitcoin has had a very positive impact on bitcoin holders, it can be said that the safest investment is only in bitcoin, bitcoin can be trusted, because there is no third party that regulates it. we.. 
if you go out and look at other markets, crypto is still too small.
Of course but, taking into account where we started and where we were just a few years ago, I couldn't expect a better scenario of how things have unfold.
Nowadays I can see a much bigger maximalists stream that is defending Bitcoin's share in total market cap compared with 2017 and the ICO fever, so it is still the favourite choice and this is great, but I hope there is no war among crypto-coinnoisseurs in the near future. As you state, compared with other markets, crypto is still small, and a civil war is the last event we need if we want to keep growing. That's why I think that being a maxi is great (for whoever wants) but we should avoid toxicity at all cost.
Fortunately, I don't see toxic maxis in this forum, because people here is more educated I guess, but their claims are annoyingly increasing in other mainstream social media and this is not good for anyone.
We're all in this space, and we're all talking about it well, but if you go out and look at other markets, crypto is still too small. But I think all of us who got into this market early have a huge opportunity to build something for ourselves.
Bitcoin has indeed faced diverse critics and major treats by world powers because it has treatened the financial system of the world but be it as it may the beautiful thing about Bitcoin is it decentralization and it's peer to peer transactions which even attracted more investors from across the world making it more acceptable by even non Crypto agencies, how ever by 2029 we should be expecting a new phase of Bitcoin technology with massive volatility and capitalization
Agreed. BTC has faced many criticism but there has been no coin that withstood so much of it and still came on top. BTC is therefore in a way a timeless coin that shows great future prospects. No matter what others say, BTC is still the first cryptocurrency and its technology is starting to get readopted to all kinds of different businesses, this makes BTC concept a key innovation that now sparks more progress.
There are few things in this world that do that, with the Internet being an example.
Of course, people do not doubt that bitcoin is used as their favorite crypto, because so far bitcoin has proven to us that bitcoin is growing and able to withstand various negative news, thus making bitcoin increasingly popular and many investors today will continue to come to use bitcoin as an investment.
It wouldn't hurt to include that bitcoin is also a pioneer or the genesis of all cryptocurrencies that is currently existing which means that bitcoin is the first thing that will come to the mind of some people because they make the headlines much more often compared to other crypto. 
I would always have bitcoin in my wallet, I could have up to three altcoins, no more because it overwhelms me so many coins. Bitcoin despite its volatility has shown strength and credibility over time. Traders use bitcoin in many ways, other classes of investors think of bitcoin as a long-term investment. I am convinced that bitcoin will bring prosperity to populations around the world.
It is bringing financial freedom for the early adopters and investors and that's why it's not too late for the new investors to buy it. While many of them are hoping to get that the same result from the early investors of bitcoin with the other altcoins that they may seem to think that it's still on the early stage and they're lucky enough to buy it as an investor of it. Nevertheless, the success that bitcoin got, it only shows how far it can go and it hasn't yet shown the max potential of it.
Look when someone talk about digital currency they didn't mention any other coins name first they take only bitcoins name then they say many more coins not take any name. And all over the world people’s are becomes soo socked by seeing bitcoin. And bitcoin shows its power. How a project made a huge percentage of people Millionaire From zero. People still believe bitcoin is a father currency of crypto world. So if new guys comes into crypto platform they definitely comes by hearing about bitcoin. Soo bitcoin is a father. And father should be noticeable. Its my opinion. Thank you.
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Bitcoin still the favorite choice as bitcoin is the king in this crypto world. People came to the crypto world because they heard of many news about bitcoin and how the price fluctuates and can give them profit. They heard bitcoin can be the new investment model and they are investing in bitcoin like other people. With the popularity of bitcoin now, many people will join the crypto world, which will change people's perception about a new thing in the future. But still, there are more works for bitcoin to introduce to other people who do not know bitcoin because many still do not want to try a new thing they do not know.
Bitcoin is the best currency for everyone to invest bitcoin was everyone's choice from the beginning but now it is becoming more popular. To increase its price many countries around the world are choosing bitcoin as a cryptocurrency for investment its use will increase not only for the development of the people but also for all the works of the world including the economy of the country. Everyone knows that long term investment in bitcoin is very profitable I also like bitcoin for investing.
No wonder why it was all time favorite, Bitcoin around for more than a decade, many witnesses the true value of BTC.
They can say, BTC has proven many things and changing businesses mind setting. Even some small store is now accepting BTC transaction.
If someone wanted an investment, BTC is among the best choice!
They can say, BTC has proven many things and changing businesses mind setting. Even some small store is now accepting BTC transaction.
If someone wanted an investment, BTC is among the best choice!
Correct. Bitcoin is the most favorite digital investment because of its volatility.
In the past, volatility makes many people feel afraid to invest in Bitcoin. They just consider the negative side of the volatility. But today they are already aware of the positive side of volatility. They understand that volatility has the potential to gain big profits since the gap between a buying price and a selling price can be very significant. It cannot be found in any other investment, even in stock market.
In the past, volatility makes many people feel afraid to invest in Bitcoin. They just consider the negative side of the volatility. But today they are already aware of the positive side of volatility. They understand that volatility has the potential to gain big profits since the gap between a buying price and a selling price can be very significant. It cannot be found in any other investment, even in stock market.
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