Bitcoin is the King ! Why ? - page 3.

reynald70

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Quote from: Toukexx99 on October 05, 2018, 03:32:52 AM

No wonder bitcoin is the crypto king, With the increasing number of adoptions, international cryptocurrency regulations continue to grow. On September 4, Iran legitimized cryptocurrency mining resulting in the price of Bitcoin reaching a record high recently.

The Iranian government has accepted cryptocurrency mining as an industry and is now developing a regulatory framework for this sector, according to a report from the Iranian news agency IBENA.
Following the news of this agreement, Bitcoin (BTC) immediately stepped on the gas to the highest price of 1,020,000,000 rial Iran (~ $ 24,000 USD) on one of their local crypto currency exchanges. While BTC is still traded at a price of $ 7,000 in other exchangers outside the country.

Yes, it is true, now most countries in the world have opened their hands to accept bitcoin in their country, for example is the country of Iran that has received bitcoin mining. This is a good step for bitcoin going forward. And in Iran, 1 btc was around $ 24,000. So for the future, I'm sure bitcoin will dominate the Crypto world anytime.

Teebass001

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Staker.network - POS Smart Contract ETH Token

All hail the king!! Long may he reign over cryptodom. May his reign be peaceful and prosperous. Bitcoin is the pacesetter and the trailblazer, Bitcoin is here to stay. I just laughed at people who says that Ethereum or any other shitcoins will overtake Bitcoin, It ain't gonna happen mates. Wake up from your dreams.

Toukexx99

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No wonder bitcoin is the crypto king, With the increasing number of adoptions, international cryptocurrency regulations continue to grow. On September 4, Iran legitimized cryptocurrency mining resulting in the price of Bitcoin reaching a record high recently.

The Iranian government has accepted cryptocurrency mining as an industry and is now developing a regulatory framework for this sector, according to a report from the Iranian news agency IBENA.
Following the news of this agreement, Bitcoin (BTC) immediately stepped on the gas to the highest price of 1,020,000,000 rial Iran (~ $ 24,000 USD) on one of their local crypto currency exchanges. While BTC is still traded at a price of $ 7,000 in other exchangers outside the country.

SistaFista

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Hexhash.xyz

Quote from: harshmonty3 on October 01, 2018, 11:58:07 AM

Bitcoin is known as the king(father) of crypto currencies , but why is that so ?I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins.
Enough background, now on to the topic at hand.

1. Low Fees - Nowadays the average fee for BTC is under $0.5 that was a very good sign for adoption of Bitcoin on large scale. In late 2017 Bitcoin fee was very high around $15 and that time the model of Satoshi Nakamoto is seems to be failed to transfer across the world with almost no fee but the fee is very small and one can easily make a transfer of $5 anywhere in the world.

2 Store of value - It's still a lot. Physical gold has survived wars and governments. Now we have it's virtual version(Bitcoin) that can't be falsified and is easy to carry and trade. Isn't it great?
Bitcoin is functioning as a payment system in Korea and Japan. I could even order food with it or pay the dentist nearby. It's fun to be using something nobody else does, it's a great talk at parties and a great speculative asset, just ask all those traders who made it their full-time job.

3. Lightning Network - LN is making Bitcoin more valuable. Small stores and companies accepting bitcoin using LN that was perfect for small transactions.

Well, the points you describe are not wrong, the fees of bitcoin now is lower indeed, but there are other coins which have lower fees than bitcoin i guess. Bitcoin will always be a king for cryptocurrency because it is the first crypto in the world that many peoples already used it.

nikola22

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Quote from: t3ChNo on October 04, 2018, 05:43:56 PM

Well said. Yes BTC is the King. A lot of coins had tried their best to overthrow it at it's seat but failed.

the original is always better than the following products. bitcoin has the trust from investors like noone else on the cryptocurrency market.

t3ChNo

sr. member

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Well said. Yes BTC is the King. A lot of coins had tried their best to overthrow it at it's seat but failed.

liberox

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>> CryptoMedia.press

BTC has been made and annonced by a really charismatic person and was inspired by the idea of freedom and revolution. It will ever has that SPIRIT inside and that`s what make it the BIG ONE.

Nevermind if some coin has better technical characteristics, feeless and/or transactions, whatever. All the rest will ever be trivial, ordinary and nothing more than a cryptocurrency. BTC is THE cryptocurrency, it`s the IDEA and the LEADER. By that reason BTC can not be overtaken whatever fork someone realize or whatever benefits some coin could own!

bigbosma

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Bitcoin has managed to earn immense popularity and trust among people. They first of all learn about it as the most profitable and promising cryptocurrency. And hardly anyone will be able to overtake bitcoin. That's why everyone thinks he's king.

jaydenbox

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Your post is perfect, this is exactly why bitcoin is the best and still will be. Bitcoin is too far from other cryptocurrencies and will always be that, bitcoin is everywhere.

OTC

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Bitcoin is the key and will always be the king of cryptocurrency because of its popularity and ability to control other altcoins in the market. Also, it has power and influence on cryptocurrency industry.

Glutius

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I do not know of any other existing cryptocurrency that could surpass bitcoin. He was created the most the first, and this indeed gave him serious advantage. But its technology is unique and so far it has no equal among altcoins.

joshv06

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Quote from: walemil on October 04, 2018, 04:03:05 AM

Bitcoin is the first and foremost cryptocurrency so we call it father of all cryptocurrencies and it has so many things going well for it. The community is strong and the market size is huge. The adoption of bitcoin is growing daily. By the time the cryptocurrency market takes a fresh shape, the interest in bitcoin will soar.

That's perfect and one more reason i would really like to add which is the nothing but the power and control which bitcoin has over the other altcoins as the value of most of the altcoins (except few) fluctuates based on the value of bitcoin, If there was no bitcoin then there wouldn't had been any other altcoins as well. That is the reason why bitcoin is the king.

djselery

legendary

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Bitcoin is the most powerful cryptocurrency surely, because it is the first successful coin and it have the highest price and the most active community among cryptocurrencies. So, it is normal that Bitcoin keeps its first position for several years despite the appearance of thousands of altcoins for a few years.

MathGame

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The bitcoin is the king 👑 because it is the most popular and the most used cryptocurrency. It has the largest market capitalization in the whole cryptocurrency ecosystem.

Adhar

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Very easy to say bitcoin is a king of cryptocurrency becouse all altcoin depand on bitcoin Price. Bitcoin is a first crypto coin & its using everywher. So really bitcoin is king,no doubt.

paxaway21

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Because bitcoin is the most valuable coin in the history of cryptocurrency But for me Im waiting to for the price of bitcoin will get in 500$ to buy and hold again if this will happen some coins will overtake bitcoin and not a king anymore.

mindfly09

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Bitcoin is the king, because its only currency that most great value and it gives high profit and asides from that it will continuously increasing.

Udrujec

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Bitcoin is absolutely deservedly considered to be the king of the cryptocurrencies. The main reason for this was the fact that bitcoin was created by the very first and therefore the trust in it is the highest.

Hira1995

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Bitcoin is the king of other currency. Because Bitcoin leads the other currency.It has control the world currency market.

Shenzou

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Obviously one the biggest reason why bitcoin is so successful and is the king of the cryptocurrency is because it was the first, at the beginning people thought that it was an idea that is new and revolutionary so they started supporting it and given its limited supply its price increased over time, and that brought many other people who probably don't care about the core idea of bitcoin they just wanted the money, and that is something that you can't find with other cryptocurrencies, because their price is not high and the number of people supporting a certain crypto will always be negligible compared to bitcoin.

Topic: Bitcoin is the King ! Why ? - page 3. (Read 825 times)