Topic: Bitcoin is still the favorite choice - page 12. (Read 2437 times)
No matter what happens in crypto, bitcoin will always be the favorite of all considering all the achievements it made ever since it started. Regardless of all the doubts and all the discouragement that was thrown to it, bitcoin was able to make it through and stay at the top. It has even become the one that sets the value of most of the altcoins wherein as it goes high, altcoins will also do so. Bitcoin is the top tier and it will always be able to surpass all the circumstances it has faced, so let us hold on to our faith and make sure to hold now that is down since it will soon rise up once again soon.
until whenever bitcoin is still the favorite choice for us to make an asset, because the value of bitcoin is much better than all other coins, altcoins, eth etc., I'm sure everyone on this forum will definitely choose bitcoin as their favorite asset, bitcoin has been growing for a long time almost 10 years, while other coins only appeared after bitcoin developed..
even though the price of bitcoin is falling, and there are many negative posts about bitcoin, there are some big companies that no longer accept bitcoin, and china forbids bitcoin mining, but bitcoin remains the main choice, because bitcoin is the king of all bitcoins..
An important reason for Bitcoin's popularity is that it has withstood the test of time.
Yes, this is one of the reasons why Bitcoin is probably here to stay. It has weathered all the storms during its inception and then during the time when it was slowly introduced to the open world. Those were the hardest days of Bitcoin I think, those days when Bitcoin was almost unknown and that many of those people who have heard about it were even labelling it as a currency for criminals and syndicates. For now, although it is still very young and not yet as tested as it should be, it has already grown a lot stronger.
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
As a store of value? Probably.
As a currency? I don't think so. There are far cheaper, faster and more anonymous alternatives out there. When it comes to safety, bitcoin is the best but in other fields, bitcoin loses miserably.
If you are here for the long term, bitcoin is your safest bet.
If you want to use crypto as a currency, get something else.
Bitcoin still play a major role in the cryto currency cycle although we might be handful diversifying their investment in some altcoin projects but it doesn't change the fact that Bitcoin plays a key role in the development of decentralized currencies and has stood the taste of time despite the waves from across different sectors of the world economy as well as key investors.
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
Bitcoin is, and will be for the foreseeable future.
Other networks are more susceptible to a 51% attack and initial high-staked investor muck-ups.
Bitcoin has the longest running history, which means that it is more likely to hold your wealth for a longer term. The variability of new coins have not proven themselves in their software, as you can see with even ethereum going through large forks. Even with bitcoin, I'd be concerned that developments over very long periods destroying wealth, but it is much less susceptible to this.
Bitcoin, being the first, needs a very, very good reason to fail. If it fails without a good reason, then every other crypto will too.
Other networks are more susceptible to a 51% attack and initial high-staked investor muck-ups.
Bitcoin has the longest running history, which means that it is more likely to hold your wealth for a longer term. The variability of new coins have not proven themselves in their software, as you can see with even ethereum going through large forks. Even with bitcoin, I'd be concerned that developments over very long periods destroying wealth, but it is much less susceptible to this.
Bitcoin, being the first, needs a very, very good reason to fail. If it fails without a good reason, then every other crypto will too.
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
Jump to: