Topic: Bitcoin is the King ! Why ? - page 4. (Read 825 times)
Its simple: first mover advantage. Being the first in a field gives you a tremendous advantage, bitcoin is by far the most known cryptocurrency. Just look at how high the daily trading volume is compared to other coins. BTC is the clear king.
currently the price of bitcoin is the highest price when compared to all altcoins, bitcoin is the pioneer of crypto currency, bitcoin was first created as the forerunner of crypto currency. so that bitcoin is considered the king of crypto currency
First thing that ill know about cryptocurrency is about bitcoin, We all know they are too many coins in the market but their are have some one coins are in the number one in the market it is bitcoin. Actually when we look at the CMC bitcoin are still a number one, Maybe it is always in a top 1 because of the high value and the volume of this coin was high than other coins.
Because bitcoin coins are the most expensive and attract the attention of many people in various countries. With a decentralized system, it cannot be controlled by anyone. Bitcoin deserves to be the king of cryptocurrency.
As an investor, why would you invest in a popular crypto currency that might not be having a price pump in a short time while there are a lot of great projects out there that can give you a good profit in time as long as you pick the righteous one though it is really hard. There are a lot of people that just wants to earn easily money by tricking people on their fraud projects. Don't be mistaken or be misunderstood to what I just said, Bitcoin is the most expensive an the first crypto currency ever made but not all of the investors will invest on an investment that is already expnsive.
bitcoin is the king because of a high price and also how the popularity of bitcoin is popular with many people, so I think it's a natural thing for bitcoin if bitcoin becomes king.
Good opinion and I like your opinion.Bitcoin will forever be the king of coins because judging from the value and price of bitcoin is at the top so bitcoin is more popular than others even many people believe in bitcoin.
I can not agree less with you Bitcoin is actually the king of all coins and will always continue to lead the other altcoins both in market share and price. The issues with bitcoin was scalability and transaction fees. As I have noticed recently the fees are getting down but the scalability remains a huge headache but that notwithstanding i am optimistic that the team will continue to work on it till we have a manageable scalable for transactions. Though other coins are now having a a faster scalability even faster than Ethereum , but bitcoin will still stand shoulder high above all of them.
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.
In spite of the constant criticism and opposition from the altcoins, Bitcoin still has its unquestionable advantages - which will help its value continue to rise in the air. Throughout history, there will always be an institution that forces people to use the money it releases - from the state, the central bank to the church, but Bitcoin not only encourages Everybody owns it, but it also creates a decentralized currency system where politicians, bank managers, and local officials are no longer involved.
Why is the king of coins ? It’s simple, bitcoin is the most used cryptocurency of all . Its the most expensive crypto currency of all and its popular crypto of all . A lot of people are posting a lot of good news about bitcoin and thats why bitcoin is the most popular of all. He deserves to be the king .
because bitcoin is the first crypto coin, and the price of bitcoin is also very expensive compared to other crypto coins, and until now there is no crypto coin that can rival the price of bitcoin, so it's not wrong if bitcoin becomes the king of crypto.
From the coin value sector, it is indeed a btc superior but not the king of coins in my opinion. I prefer king coins to coin a project that can't be mine. why, the coin is in a business line that is very useful for human life. BTC is also useful, but project coins are more common for various industrial sectors.
Because bitcoin coins are the most expensive and attract the attention of many people in various countries. With a decentralized system, it cannot be controlled by anyone. Bitcoin deserves to be the king of cryptocurrency.
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.
Mostly the name, the established brand, as well as the community. Currently people are using it as a safe haven during unstable times. Read what's happening in Venezuela and Zimbabwe. A similar thing was happening in China before the ban. People are using it to do everything the governments are trying to stop them from. Moving money out of the country, hiding income, buying banned goods and services, gambling. It's a rebel coin and the rebel in me is supporting it in full.
In addition, Bitcoin is more accessible, with more exchanges, more merchants, more software and more hardware that support it. Bitcoin is far more liquid, with much larger volumes than every crypto currencies. Bitcoin has the largest developer ecosystem with more software and more implementations than any crypto currencies. Bitcoin has the most entrepreneurs creating companies around it with a lot of intellect, dedication and creativity going toward making it more useful.
When you compete with Bitcoin, not only are you competing with its much larger user base, development team and mining operation, but you’re also competing against the very large ecosystem of startups, open source projects and entrepreneurs.
Because bitcoin is the first crypto currency to the world and has become famous, bitcoin is called the king may be due to that. Also different from other coins and the price is arguably very high now and the circulation every day is very high. 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.
Mostly the name, the established brand, as well as the community. Currently people are using it as a safe haven during unstable times. Read what's happening in Venezuela and Zimbabwe. A similar thing was happening in China before the ban. People are using it to do everything the governments are trying to stop them from. Moving money out of the country, hiding income, buying banned goods and services, gambling. It's a rebel coin and the rebel in me is supporting it in full.
In addition, Bitcoin is more accessible, with more exchanges, more merchants, more software and more hardware that support it. Bitcoin is far more liquid, with much larger volumes than every crypto currencies. Bitcoin has the largest developer ecosystem with more software and more implementations than any crypto currencies. Bitcoin has the most entrepreneurs creating companies around it with a lot of intellect, dedication and creativity going toward making it more useful.
When you compete with Bitcoin, not only are you competing with its much larger user base, development team and mining operation, but you’re also competing against the very large ecosystem of startups, open source projects and entrepreneurs.
To what I know, bitcoin is the king of crypto world because it is the leader of cryptocurrency and it it a profitable coin.
Bitcoin is the king of crypto without a doubt because it is the most demanding digital currency in the crypto world when considering both price and popularity and as the first cryptocurrency it has come across a big journey that other currencies haven't so the amount of user's it has gained is immense in the business world and that is why most people prefer bitcoin investments over other altcoins
The truth is that: Bitcoin is the only true king of Cryptocurrencies which both friends and enemies of Crypto space have absolute trust on. Regardless of the FUD against it by both the investors and the mainstream, it shows resilience and continue to stay strong. Its continues landslide market dominance is unequal. One thing that has led to a big encouragement and which has caused a big problem for the ethereum network is its reduced transaction fee as occasioned by the lightening network. The brain behind the invention of the bitcoin should be consider the status of "one of the WONDERS of the new world".
you're right, i really agree with your statement.bitcoin is the parent of all coins in Cryptocurrency, other coin-coin movements always follow the movement of bitcoin. indeed the current price is not good, but there are still many who trust bitcoin for long-term investment. that is why the price is much higher than other coin-coins.
although a lot of negative news circulated, but bitcoin still has enormous trust from investors.
Every king has strong at times. No one can stand on top without falling
Do you know Apple 
)) Mobile king for over 10 year as I remember. 10 year is enough for something awesome like bitcoin
Every king has strong at times. No one can stand on top without falling
In my view, the reason why bitcoin become a king because bitcoin is the most popular coin, also bitcoin is the first coin which is adopted blockchain Technology into it. Also, most of the other coin are pairing with bitcoin too, so it means that when the prices of bitcoin down, then the coin which is pairing with bitcoin probably going down too.
bitcoin is the first coin that appeared on cryptocurrency, from the beginning of its launch bitcoin has experienced a very drastic price change, from its lowest value to being able to increase sharply until now so that since the existence of bitcoin other types of altcoins have emerged but crypto market price movements are always based on bitcoin so bitcoin can be said to be the king of cryptocurrency
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