The first and most reliable blockchain to date, largest hash power, accepted as a form of payment (though it is the most widely accepted currency, far ahead of the competition).
Their defects can be solved over time, and when they do, 99% of the alts go to the hole.
Topic: How Bitcoin is better than other coins? - page 29. (Read 2142 times)
I think bitcoin is the best crypto you can have rather than other coins, because crypto currencies started in bitcoin and those other crypto came out when bitcoin become popular, but on the first discovery of bitcoin there is no competence on that era, only bitcoin is crypto but when bitcoin become more interesting and its value is growing high then many cryptos came out just to compete on bitcoin.
because it has the biggest price but i am hoping that bitcoin cash will take over soon.we dont know.
The real problem of bitcoin are the transaction fees, nothing more, and yes, of course that the time that we have to wait to receive some confirmations over our transaction are a big headache, but that is normal, i dont know why everybody is complaining about it.
I can tell you of two more problems:
1. right now the top 4 mining pools own 51% of the processing power, and even worse these are all Chinese, If china decided they want to close down bitcoin by processing only empty blocks, nobody could stop them
2. Huge privacy issues. Because all transactions are public, if I can identify an address that belongs to you (if we ever do a transaction) then I will know exactly how much bitcoins you still have and how much you are earning. A recent torrent tracker was recently called out for the large amount of "donations" it received because of this.
Bitcoin is just like the limited amount of gold around the world. Limitations of gold to the value of gold is more valuable, as well as bitcoin which has a value that is more valuable than other coins.As is known when viewed from the value bitcoin currency more maintained and stable than other digital currencies.
I think nobody here is trying to demonstrate the supposed superiority of bitcoin over the new altcoins that continually emerge, because they have all learned from the bitcoin experience and have tried to improve in some way the deficiencies that have already been clearly identified. But the fact that its technology can now seem primitive, the fact of having resisted all the adversities to become a reference of the current economy makes it intrinsically valuable and the pattern that all other altcoins seek to imitate.
It has slow transactions and the fees are high, and it is the cryptocurrency frontier.
What do you think will realistically will take Bitcoins nr1 spot in the future? Bitcoin Cash maybe?
As is known when viewed from the value of its currency bitcoin more awake and stable than other digital currencies. This is due to the limited number of bitcoins unlike litecoons that are four times more than bitcoin. It can be said that there are only 21 million bitcoin available in the world. The number has been connected in the form of programming codes. That way bitcoin is just like the limited amount of gold around the world. Limitations of gold to the value of gold is more valuable, as well as bitcoin which has a value that is more valuable than the other coinWhat do you think will realistically will take Bitcoins nr1 spot in the future? Bitcoin Cash maybe?
as described above.
A lot of ordinary people who have heard only once about cryptocurrencies will probably give Bitcoin as an example. Bitcoin is the widest known cryptocurrency right now. Bitcoin was the first cryptocurrency so no wonder why they heard about it. Bitcoin got a lot of attention recently due to its increasing value. There a few good alternatives to Bitcoin but why would we abandon it if we can upgrade it and make it faster? Bitcoin is being used by hundred thousands of people, that's why it has problems with scalability.
It has slow transactions and the fees are high, and it is the cryptocurrency frontier.
At this point, I dont not see bitcoin to be in any competition as its more of a goldfather of all altcoins out there and being a first generation cryptocurrency its in a league of its own. Quote
What do you think will realistically will take Bitcoins nr1 spot in the future? Bitcoin Cash maybe?
Bitcoin is not the best but bitcoin is the coin with the most users, it is the first coin that introduce digital currency, and all of trading is using bitcoin as the currency, so that makes bitcoin got the highest transaction volume and dominated the market
Bitcoin has been in the world of cryptocurrency for nearly a decade, and bitcoin is the first cryptocurrency, bitcoin better than any other coin.
It is the pioneer in cryptocurrency so the buyers think that bitcoin is safer that those new cryptos. It is the best investment for those traders because of high growth rate. And no one owns bitcoin unlike those ICOs that are potential scam.
Bitcoin looks like the leader of the crypto currencies and is the current leading coin. Bitcoin is better than any other coin because it has the most room for growth and it is what most of the people know. People invest most in bitcoin and maybe invest in altcoins to gain more bitcoin because out of all cryptos, bitcoin has the most highest price.
The main advantages of Bitcoin are network effect and proven security. 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 altcoin.
because bitcoin is the first crypto coin
It has slow transactions and the fees are high, and it is the cryptocurrency frontier.
What do you think will realistically will take Bitcoins nr1 spot in the future? Bitcoin Cash maybe?
I really don't think that there will be any coin that will take the place of bitcoin, when bitcoin first was created it had a new idea, an idea that aims to change the way we use money on the internet, to give the power to the peopel and free us from the goverment's control, and also to make our lives much easier with faster transactions and lower fees, but as time went on this coin changed from being a digital currency to an investment , and with it come new coins that were trying to get the same success, the point is bitcoin was the first and unless other coins have better ideas they won't be successfull as bitcoin is. What do you think will realistically will take Bitcoins nr1 spot in the future? Bitcoin Cash maybe?
With LN bitcoin still has some chances of becoming a currency, ethereum as it is it's only for tokens and shady ICOs, nothing more.
As soon as we have LN, all these 'slow transaction' noobs will start to take their words back. Funny thing is that people have been saying that Bitcoin is slow and expensive for more than a year, where they also state that there are better alternatives out there, but they are still using it.
If Bitcoin is indeed slow and expensive for you, then why not switch instead of complaining for more than a year? Every person is free to do what he pleases, so go for it I would say. Ether's best days are over, it's just that people don't want to admit defeat. It's hard to admit defeat when you bought at peak levels months ago, and suddenly had to swallow a +50% loss. Governments are cracking down on ICO's, which means Ether's market will continue to shrink.
I see that bitcoin is the best coin first because of his price which is very high and impressiv and this currency is really promessing. It can give the opportunity to any one to be rich.
It has slow transactions and the fees are high, and it is the cryptocurrency frontier.
What do you think will realistically will take Bitcoins nr1 spot in the future? Bitcoin Cash maybe?
I agree. BTC is going to lose positions with time. Now it takes only half from the whole trading. More people choose alts and more people hold their money in alts. What do you think will realistically will take Bitcoins nr1 spot in the future? Bitcoin Cash maybe?
It is the pioneer in cryptocurrency so the buyers think that bitcoin is safer that those new cryptos. It is the best investment for those traders because of high growth rate. And no one owns bitcoin unlike those ICOs that are potential scam.
There other better coins already out there but bitcoin was the first to market and the most well know .Also most of the cryptos systems run on it sort of like a gold standard
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