Bitcoin is the only trusted cryptocurrency - page 2.

bri912678

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Quote from: yayayo on July 13, 2016, 07:35:26 AM

Quote from: groll on July 12, 2016, 09:31:06 PM

At this case, I will presume that the only trusted coin is bitcoin. What are your thoughts on this? Do you agree with me?

Trusted by whom? Altcoins are trusted by (at least part of) their supporters as well. The main difference compared to Bitcoin is the much smaller number of people that trust in these altcoins.

It is correct that altcoins are generally viewed with more skepticism, because there have been a large number of premine and other scams related to them. However there are also serious contenders among them. The reason that even these coins fail to gain prominence is not related to trust issues. The primary reason is that Bitcoin is simply too dominant to allow for the existence of equally important altcoins. The network effect of Bitcoin as a first mover draws in all resources in terms of developer talent, liquidity, and market acceptance. Even for perfectly sincere new altcoins it is extremely difficult to withstand this effect and grow longer term.

ya.ya.yo!

There are people who haven't even heard of Bitcoin who wouldn't trust it because it's an unknown to them. Other people have heard of Bitcoin but know nothing about it, and don't know that altcoins exist.

In this community Bitcoin generally has the most trust, and the altcoins have progressively less trust as their market caps get progressively smaller.

Nahl

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if we talking about Onecoin most people says that these cryptocurrency are ponzi scheme and my friends also losing his money from investing these coin but doesn't mean other cryptoccurency also scam because you can see that several altcoins could survive such as DOGE, ETH, or LTC and many people has trade those coin but might be for bitcoin this cryptocurrency is the most use and the most popular than others coin

FoendyZ

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Quote from: groll on July 12, 2016, 09:31:06 PM

https://news.bitcoin.com/onecoin-false-misleading-warns-belgium/

At this point of time there are many cryptocurrencies that have appeared after the success that bitoin has shown to the whole world. Many copy cats are making their own coins which seem to look like bitcoin but with different feature.

Last july 11, 2016 an article was released saying that Belgium has warned investors against the use of Onecoin. According to Authorities Onecoin maybe a Ponzi Scheme since the funds and sources are questionable. Onecoin and its organizers have been receiving negative feedbacks due to this issue.

At this case, I will presume that the only trusted coin is bitcoin. What are your thoughts on this? Do you agree with me?

onecoin you don't same equal crypto coin or altcoin
is early luanch one coin only bussines online with scheme ponzy piramide, member get member with payment onecoin,
same another investment online hyip but another site payment is perfect money bitcoin and etc but onecoin is uce self payment technology crypto onecoin

greBit

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Quote from: dinda22 on July 13, 2016, 09:14:47 AM

bitcoin itself is very trusted . example when we buy bitcoin then just hold, it is really very safe. but if you make an investment or trade, it could be said to be not so safe. some examples such mt.gox. just third party from bitcoin always make it unsafe.

That's true investing fiat in bitcoin is very safe, as it can give you good profits in future only by simply holding it for a long term, bitcoin needs support and trust from the people to grow better in future.

gentlemand

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Welt Am Draht

What's everyone's definition of 'trust'? Others such as Litecoin and Doge appear to be just as technically solid but I suppose they've never been put to the test in terms of transaction volumes.

Bitcoin is trusted by the most people and that's what really counts. Exponential trust is just as important as growth. I think the window for the 'Bitcoin killer' is closing within the next few years, not that it was ever really open in the first place.

Snorek

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Bitcoin is unique and will always be the one and only king of all cryptocurrencies. Not because it is totally the most technically sophisticated coin - because most likely it is not.
But because no other coin could ever achieve something, bitcoin has - absolutely perfect initial distribution of coins.
Initially bitcoin was unknown, worth nothing invention, and no one expected it to be that huge. With new altcoins people are hoping that bitcoin scenario will repeated - but they are wrong.

dinda22

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bitcoin itself is very trusted . example when we buy bitcoin then just hold, it is really very safe. but if you make an investment or trade, it could be said to be not so safe. some examples such mt.gox. just third party from bitcoin always make it unsafe.

avikz

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Your statement is partially true but not completely. Bitcoin is definitely a trusted crypto currency, but it is not the only one. People believe in bitcoin because it is the pioneer in crypto currency world.

But there are some more crypto currencies, you can put your trust in. Like litecoin, dash, monero etc. Yes, they have copied the concept of bitcoin of being an internet money. But they also have a strong follower base and their market cap is also high.

yayayo

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Quote from: groll on July 12, 2016, 09:31:06 PM

At this case, I will presume that the only trusted coin is bitcoin. What are your thoughts on this? Do you agree with me?

Trusted by whom? Altcoins are trusted by (at least part of) their supporters as well. The main difference compared to Bitcoin is the much smaller number of people that trust in these altcoins.

It is correct that altcoins are generally viewed with more skepticism, because there have been a large number of premine and other scams related to them. However there are also serious contenders among them. The reason that even these coins fail to gain prominence is not related to trust issues. The primary reason is that Bitcoin is simply too dominant to allow for the existence of equally important altcoins. The network effect of Bitcoin as a first mover draws in all resources in terms of developer talent, liquidity, and market acceptance. Even for perfectly sincere new altcoins it is extremely difficult to withstand this effect and grow longer term.

ya.ya.yo!

lienfaye

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Yes i guess bitcoin is the most trusted cryptocurrency because of the growing number of users and the popularity of it. since bitcoin was the first, the most well known and hence has the most network effect. and i believe that soon it will be widely accepted.

sulendra12

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Quote from: JustUse199 on July 13, 2016, 01:17:42 AM

bitcoin not trusted much it also have big risk when u do trade otherwise bitcoin is the best wallet.. use desktop wallet u never be face scamming or hack..... !

It's possible to make your desktop wallet got hacked , some people send e-mail about phising and malware link.
And you click that site maybe contains malware or keylogger . And your wallet will got hacked and your fund got drained.

Divinespark

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BTC is the crypto reserve currency of choice, so you should punt other cryptos for upside but aim to hold your winnings in BTC

Jimbola3

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yeah its most trusted because its popularity tells everything and its market is growing day by day and being more worthy then other any crypto currencies !

serjent05

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Get $2100 deposit bonuses & 60 FS

Quote from: groll on July 12, 2016, 09:31:06 PM

https://news.bitcoin.com/onecoin-false-misleading-warns-belgium/

At this point of time there are many cryptocurrencies that have appeared after the success that bitoin has shown to the whole world. Many copy cats are making their own coins which seem to look like bitcoin but with different feature.

Last july 11, 2016 an article was released saying that Belgium has warned investors against the use of Onecoin. According to Authorities Onecoin maybe a Ponzi Scheme since the funds and sources are questionable. Onecoin and its organizers have been receiving negative feedbacks due to this issue.

At this case, I will presume that the only trusted coin is bitcoin. What are your thoughts on this? Do you agree with me?

I think Bitcoin is the most trusted cryptoccurency as of today. Aside from Bitcoin, there are other cryptocurrency that is popular and trusted by its community. We can't state that Bitcoin is the only trusted one Cheesy

. As per argument and reasons, bitcoin is not trusted by some country, even warning people on joining or using it. Same goes with the less popular Cryptocurrency. Our only basis is it's users and adopters, which other cryptocurrency also have.

RoommateAgreement

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Bazinga!

bitcoin has always been the best cryptocurrency there is from the start and all these altcoins that are claiming to be the replacement of bitcoin are just wasting their breath. i mean there are many good altcoin projects out there but they are not gonna replace bitcoin.
bitcoin has been around for a longer time and if there was a bug it would have came out a long time ago and gotten fixed.

helloeverybody

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Every now and then when bitcoin starts slipping back in price or some competitor coin start rising up through the ranks i start to worry a bit and almost lose interest in bitcoin but then afterwords it always comes back strong as ever. I used to split my bitcoin across various altcoins but now ive learned that bitcoin was and still is the safest option.

Zadicar

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I totally agree with you. Bitcoin is the most trusted crypto since it has the highest price exchange in usd compared to other coins then it's also famous because these coin is spreading throughout the globe and becoming popular for which some merchants is already accepting Bitcoin as payment exchange to their stuffs.

crytoboost

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Bitcoin is one of the most trusted cryptocurrency, I am pretty sure there is none would be trusted like this, there is so many reason which make it most trusted because it has more bigger community and winder adoption than other cryptocurrencies.

zodin

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ye i am also agree with this statement. you can see that the a large number of people are entering in bitcoin and they are investing their money in bitcoin. and that is the reason that bitcoin is still in number one as compare to other crypto currencies.

JustUse199

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bitcoin not trusted much it also have big risk when u do trade otherwise bitcoin is the best wallet.. use desktop wallet u never be face scamming or hack..... !

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