Bitcoin is the King ! Why ? - page 8.

pooya87

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Quote from: NavI_027 on October 01, 2018, 06:24:45 PM

Quote from: harshmonty3 on October 01, 2018, 10:58:07 AM

Bitcoin is known as the king(father) of crypto currencies , but why is that so?

Let's cut the long story short.

When it comes to technical aspects, we might say that other alts outrank btc because some of them have capabilities of transacting more payments, much lower fees, higher market caps and other outstanding features depending to the platform they have. And yet, btc remains the king, why? Simply because it is the pioneer, the most adopted, the zenith. Even how hard the other alts try to improve their platform, they still remain on btc's shadow as long as they don't have the power enough to change people's perspective.

first of all market cap is not even a "technical aspect" it is a fake and meaningless number that is used by mistake to compare cryptocurrencies.
secondly bitcoin is not on top because of either one the things you said. bitcoin is on top because of the features it has and the utilities it is providing otherwise it would have gotten dumped down back to $10 just as useless altcoins do after each pump. the reason why it is keeping its price up is all those utilities and real adoption it has.
and finally the "capabilities" and "outstanding features" that you are talking about in altcoins have so far been added at a huge cost. for example the faster blocks comes at the cost of a gigantic blockchain size and centralization of the nodes. in other words what you see from outside as "better" feature has actually made the coin 100 times worse. and that is why they can't rise up properly.

lutfi-hasan

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Quote from: NavI_027 on October 01, 2018, 06:24:45 PM

Quote from: harshmonty3 on October 01, 2018, 10:58:07 AM

Bitcoin is known as the king(father) of crypto currencies , but why is that so?

Let's cut the long story short.

When it comes to technical aspects, we might say that other alts outrank btc because some of them have capabilities of transacting more payments, much lower fees, higher market caps and other outstanding features depending to the platform they have. And yet, btc remains the king, why? Simply because it is the pioneer, the most adopted, the zenith. Even how hard the other alts try to improve their platform, they still remain on btc's shadow as long as they don't have the power enough to change people's perspective.

Yes, that's right, for now, Altcoin networks like Ethereum and other altcoin networks may be faster in making transactions. but still Bitcoin is the father of all Altcoins currently in circulation. Bitcoin will remain the king of the Kingdom of Cryptocurrency, no one has the right to replace it.

mensahkkofie

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Bitcoin is the leading digital currency in the world and no one can dispute this fact. Bitcoin is the future currency of the world and anyone who kicks against this amazing world of crypto would surely regret. The world of crypto would soon rule the world and its financial activities.

Suguha

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Quote from: harshmonty3 on October 01, 2018, 10:58:07 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.

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.

For me, because of bitcoin you can have your dream or you can achieve it with the help of it, bitcoin is nit only for money, it is also giving learning on how we will manage the money that we earned, how will the users use it ans waste it, bitcoin has a loat of qualities that the users may have. Bitcoin is the king becauseit is the most trend digital currency that we have and we will have because it has no ending.

NavI_027

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Quote from: harshmonty3 on October 01, 2018, 10:58:07 AM

Bitcoin is known as the king(father) of crypto currencies , but why is that so?

Let's cut the long story short.

When it comes to technical aspects, we might say that other alts outrank btc because some of them have capabilities of transacting more payments, much lower fees, higher market caps and other outstanding features depending to the platform they have. And yet, btc remains the king, why? Simply because it is the pioneer, the most adopted, the zenith. Even how hard the other alts try to improve their platform, they still remain on btc's shadow as long as they don't have the power enough to change people's perspective.

Newer

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Bitcoin is the king, because bitcoin has a very high selling value compared to other cryptocurrency in the world. Many people say that bitcoin is called the king of crptocurrency, because bitcoin is ranked 1st as the best cryptocurrency in the world.

Iceblast

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low cost is the best factor if bitcoin is king, many people choose bitcoin because of that. but the fact now is not that, people choose bitcoin because it is affected by high prices and bitcoin has a higher price than other coins. so that was what caused bitcoin to become king and it has been proven right now.

Alexbenua97

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Hhmm. Well firstly bitcoin is the very first crypto currency with which it all began. Secondly, it is the most stable and least susceptible to the fall of the crypto currency. Thirdly, bitcoin can pay, pay for housing, etc. but not yet everywhere, but I think its range will soon expand.

aryaadikariyansyahsuwarto

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This Is Promissing Project

in my opinion there are some that cause bitcoin to become king, first bitcoin has the highest price from other altcoins, the second bitcoin is the parent of all coins, which if bitcoin goes down then the other altcoins also go down, and the third bitcoin is the most popular among altcoins others make it the most attractive by investors.

MadCryptoLover

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Quote from: Kocret02 on October 01, 2018, 11:15:03 AM

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.

Bitcoin has high price and it is famous because it was the first crypto currency which was created and introduced to the world. For many, Crypto-currency and Bitcoin are interchangeable terms.

It is far more liquid and called as King of crypto because it can be bought and sold at almost 100% of exchanges which are in operation at the time and we need to buy bitcoin first and then convert it to other coins because fiat to altcoin trading pairs are really very few and more than 80% of tokens/altcoins are bought with btc pair only (along with some with eth too).

1van__

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From August 2009 until today, 15,000 changes were made to the bitcoin protocol. Until now, about 500 employees work on the Bitcoin blockchain, every day they somehow improve it. Reduce its valency and increase its security in transactions. One of the currently existing cryptocurrencies does not have such a rich history. Bitcoin, bypassing all the failures, remains the leader of cryptology to this day, with him start cooperating and accepting as a means of payment such large companies as BMW, Microsoft, Subway, PayPal and many others. He made a huge contribution to the blockchain industry and made a huge furore on the public. He is the best of its kind. He is the leader of the wound. He is the king of the krypto-currency.

carrieM

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i think bitcoin is the king so far but nothing is forevermore in this World

yesyoupump

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Totally agree with you but remember that Bitcoin is the more stable because is seen like a classic financial asset.

ErikLarsen1976

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Bitcoin is the King of crypto because of its popularity, everybody wants to invest and it has high value, higher than other crypto

Infinixhot1996

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Do we really need to go over this again,its obvious there's a myriad of reasons why bitcoin is boss in here,most importantly of all is that it is the first ever crypto,the more reason why others are alternatives(altcoins)to it
It has a higher price/value than all other cryptos,safer transactions,suitable for both long and short term investments,anonymity,far more popular & widely accepted and endorsed that any other cryptocurrency in this system
Bitcoin is definitely king,and it's gonna remain so for as long as this network exists.

131tc01n

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Quote from: cfif123 on October 01, 2018, 11:02:49 AM

because of the high amount of crypto that is the most expensive and expensive only in bitcoin, surely bitcoin is said to be king from the past until now because so far there is no coin that can match its value

and what is clear is that bitcoin is the mother of crypto currency, the development of blockchain technology will not be so far without bitcoin, bitcoin has gone through a long process where it was originally called junk and now he is king, even the most expensive currency Cool

Marcel555

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Bitcoin is the top digital currency as it was Tue first digital currency to actually succeed. Quite a few programmers have tried to develop a digital asset AMD none suceeded before Satoshi created a model which could be totally decentralized, and doesn't depend on any human factor, highly secure and impervious to attacks (except from a group of networks pooling together, it's highly unlikely, as Tue system is designed to out pace any attacker), it's also transparent and neutral.

A number of currencies has been designed on bitcoins model, some even improving on the blockchain technology, but none has been able to match BTC in terms of adoption and relevance and also value.

niotib

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Quote from: ?? on ??

With Bitcoin anonymity, $400 to $6000, Warren Buffet saying "bitcoin will end up badly" etc.., people fear cryptocurrencies Grin

Warren Buffett quote: We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Kocret02

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Buzz App - Spin wheel, farm rewards

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.

cfif123

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because of the high amount of crypto that is the most expensive and expensive only in bitcoin, surely bitcoin is said to be king from the past until now because so far there is no coin that can match its value

Topic: Bitcoin is the King ! Why ? - page 8. (Read 878 times)