Topic: Bitcoin is the King ! Why ? - page 5. (Read 875 times)
Because of the highest amount of the crypto and expensive popular most number one currency.it the some reason top number one currency in the coinmarketcap,huge people supports,hope 80℅ market crop up bitcoin.
i think bitcoin is the king because of its high price and value. It also really famous all over the world
if my personally reason, why Bitcoin is a king? then I will state some of my opinions, that is :
1. Bitcoin was the first pioneer
2. many people support Bitcoin
3. Bitcoin price increases are very fast compared to other cryptocurrency
4. 52% of the market volume is dominated by Bitcoin
5. Bitcoin is ranked 1 in coinmarketcap
from that reason why I can say Bitcoin is the king.
1. Bitcoin was the first pioneer
2. many people support Bitcoin
3. Bitcoin price increases are very fast compared to other cryptocurrency
4. 52% of the market volume is dominated by Bitcoin
5. Bitcoin is ranked 1 in coinmarketcap
from that reason why I can say Bitcoin is the king.
Bitcoin is extremely popular, and therefore, it is the first cryptocurrency that people have bought and WILL buy. It is the original cryptocurrencies, the grandfather! The best thing is we can trade FIAT money directly for BTC, and that is not the case for most cryptocurrencies, except for ETH, Ripple, BCH and some others. If we want to buy other coins, then first we have to buy BTC, and it is not changing any time soon.
Right. Bitcoin is king. Because it is the father of the coin. The bitcoin market is growing strongly around the globe. There are many investors choosing bitcoin for long term development. Bitcoin prices are higher than the rest of the coin.
Bitcoin introduced blockchain technology which introduced the world to the whole idea of decentralization in the financial ecosystem. With such an eye opener features, most people in the crypto world now quickly bought into this idea proposed by Bitcoin. These are some of the reasons why bitcoin is the king.
3. has no form.
What do you mean with 'has no form'? If you refer to the fact that you don't need to fill in personal information to use Bitcoin, then I can agree with that, but the process of buying is largely still centralized unfortunately.
4. the volatility is very fast.
There are as many pro's as con's to name up when it comes to the volatile nature of Bitcoin, so I'm neutral here. People often forget that stability stimulates currency usage and prevents merchants from directly selling their coins.
5. bitcoin credibility is trusted by elite groups.
Elite groups? That sounds as if Bitcoin is heavily centralized around these groups, which isn't something I would consider to be an advantage of Bitcoin. I heavily disagree here for that reason.
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.
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.
Hey harshmonty3, BTC will only be 21 million Bitcoin already HAS value. It has important characteristics that are not replicable. With institutionalization, on-ramps & adoption happening at a global scale. Scarcity will catch up, it’s a matter of when.
bitcoin has a lot of positive values, including some that you mentioned in your topic.
but I think that the reason you mentioned is still general, meaning that other currencies are also able to have values like that.
in my opinion, the aspect that makes bitcoin king are.
1. decentralized
2. limited supply, and will become scarce.
3. has no form.
4. the volatility is very fast.
5. bitcoin credibility is trusted by elite groups.
but I think that the reason you mentioned is still general, meaning that other currencies are also able to have values like that.
in my opinion, the aspect that makes bitcoin king are.
1. decentralized
2. limited supply, and will become scarce.
3. has no form.
4. the volatility is very fast.
5. bitcoin credibility is trusted by elite groups.
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.
You already pointed out many reasons. Bitcoin is accepted in all the sectors where crypto is related as a term just. By the way, Btc is much popular than all other currencies. Its easy to use and also its transaction are good and also fast. 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 analyze above all, we can say without any hesitation that Bitcoin is the king.
Btc is the best coin because it is the king of the market and it should become the main currency. I think that you need to take part in the crypto market and win because there are a lot of different opportunities provided by btc
We do have the rebellious side even in our history.
So we could say that is really a rebellion against the government which aint good since the beginning that it was created.
It is too govern and yet it is being abused by the authority.
Might as well go against it when we see this type of leadership.
I am not saying we go to illegal drugs or weapons. There are things that looks like illegal for the government but yet good for us.
One is that sending money overseas with high amounts. Why do they really prevent that if you really have the money? Why question it?
So we could say that is really a rebellion against the government which aint good since the beginning that it was created.
It is too govern and yet it is being abused by the authority.
Might as well go against it when we see this type of leadership.
I am not saying we go to illegal drugs or weapons. There are things that looks like illegal for the government but yet good for us.
One is that sending money overseas with high amounts. Why do they really prevent that if you really have the money? Why question it?
Bitcoin is king because it was the first cryptocurrency and many people will first hear about Bitcoin before hearing about blockchain and cryptocurrencies. So people are more likely to invest in Bitcoin than in any other altcoin. This is showing in the market cap of bitcoin.
Because it is the first cryptocurrency.
It is not the best blockchain or any other advantages to the other cryptos. But, it has brand effect. Most people only know bitcoin and not even heard most of the others. It will always be the king because of this effect.
I agree about brand effect thing, because it work too on Dogecoin, even don't have any good development, or only use for trading, et. Dogecoin is still remembered until now and not die yet. It is not the best blockchain or any other advantages to the other cryptos. But, it has brand effect. Most people only know bitcoin and not even heard most of the others. It will always be the king because of this effect.
Because it is the first cryptocurrency.
It is not the best blockchain or any other advantages to the other cryptos. But, it has brand effect. Most people only know bitcoin and not even heard most of the others. It will always be the king because of this effect.
Yes, I completely agree with your opinion on this topic. Most of the people don't know about other cryptocurrencies, those only know about bitcoin. And also bitcoin is the first digital cryptocurrency, which makes it the king of cryptocurrency. It is not the best blockchain or any other advantages to the other cryptos. But, it has brand effect. Most people only know bitcoin and not even heard most of the others. It will always be the king because of this effect.
Bitcoin was the first one and the upgrades like Lightning Network what they get ware totaly great.
And still the most Altcoins are not really Dezentral so for me still the best choice is the Bitcoin.
regards
And still the most Altcoins are not really Dezentral so for me still the best choice is the Bitcoin.
regards
Bitcoin is only a pioneer. This is how it all began.
In the future, cryptocurrencies will gain a new look. They will lose their anonymity and become transboundary.
In the future, cryptocurrencies will gain a new look. They will lose their anonymity and become transboundary.
No wonder if bitcoin is king in the crypto world, we all know that there are many altcoins at the moment because bitcoin has started long before them and bitcoin also starts from the lowest value until it reaches the top, besides bitcoin is the first coin in crypto, so all price movements the crypto market always follows the bitcoin price movement at that time. So it's worth saying that bitcoin is the king in the crypto world.
The advantage of bitcoin that makes people believe in bitcoin, bitcoin is considered the safest and can survive in the long run and people are not worried about choosing bitcoin, and that makes bitcoin the king of crypto.
most liquid coın in crypto, also first coin in crypto, also main coin in crypto, most known thing in crypto world, most hyped coin in crypto world, and there is millions of dollars invested for bitcoin mining equipments, thats the real value behind the bitcoin
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