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Topic: Why is Bitcoin in the highest level of trust? - page 6. (Read 1957 times)

hero member
Activity: 1582
Merit: 502
maybe we can say that bitcoin is an investment that is so popular in this century, so many people make people become bitcoin enthusiasts.maybe it can't be separated from how bitcoin's performance gives us true freedom of thought, so it makes bitcoin even higher among the public
full member
Activity: 1358
Merit: 104
Bitcoin has been service in long time.Bitcoin already proved that Bitcoin is trusted than any others crypto. Bitcoin is most valuable crypto in market and most valuable coin.Bitcoin has been developing for long time.Bitcoin is decentralised crypto than others. I think bitcoin will be more increase in future and it will be most trusted.
hero member
Activity: 2954
Merit: 719
In my opinion, one of the reasons for the high level of public confidence in Bitcoin is the issue of transparency in the economy. I think bitcoin can bring honesty and economics together and reduce the oppression of capitalists around the world.
That is why I respect Bitcoin as a global currency.
If we keep educating ourselves and we don't ride with the manipulation of the market, we will all enjoy bitcoin as an investment and as a currency. The word "decentralization" makes bitcoin transparent, however, due to the fact that we use a 3rd party platform to trade our bitcoin, government still impose their rules on us through regulation.
newbie
Activity: 1
Merit: 0
Financial processes are dependent upon mutual trust between all parties involved. The means through which bitcoin and similar cryptocurrencies create trust is through a network-based ledger known as a blockchain.  Roblox Guides get-mobdrovip.com
newbie
Activity: 14
Merit: 0
In my opinion, one of the reasons for the high level of public confidence in Bitcoin is the issue of transparency in the economy. I think bitcoin can bring honesty and economics together and reduce the oppression of capitalists around the world.
That is why I respect Bitcoin as a global currency.
member
Activity: 251
Merit: 10
BIB Exchange
Besides, it has popularity allover the world and it so powerful crypto currency. Who are involved in crypto currency, are known about bitcoin and the uses of bitcoin. Many people are making huge money by the help of bitcoin and another reason is bitcoin is a decentralized crypto currency.
member
Activity: 742
Merit: 30
Bitcoin is has the highest level of trust because, Bitcoin is the foundation of crypto and all other altcoins, the trust in bitcoin is as a result of it being in existence for a quite long period of time. Currently bitcoin is in control cryptocurrency market which comprises of other altcoins. Moreover Bitcoin is adopted bay many institutions for payments and also bitcoin is accepted world wide for exchange of goods and services, he trust is more than other altcoins.
hero member
Activity: 2954
Merit: 719
I think the only and most logical reason for the highest level of trust of Bitcoin is, it is a fully decentralized crypto. There are no other decentralized crypto like Bitcoin. Unlike other cryptos, no one has control over Bitcoin. So you are free to use it, control it.
Besides, Bitcoin is acceptable in different sector. We can freely use Bitcoin as a payment method. It's not only payment method but also good investment. Many people are getting huge profit from it.
Some make huge profits on it because they are good in investing, some bought bitcoin when the price is still very cheap and they held until now. Imagine if you buy bitcoin at $3k each, it's already more than x10 profit now, and it's easy to make a profit as all you do is buy, secure the coin and hold it for the long term.

There's a reason why people are buying, and one main reason is the increase in adoption which would result in to increase in demand as well.

For payment method, it will only be more successful if there's a worldwide adoption, and it's best when sending money in different country as you don't need to use the international remittance center that charges enormous fees.
hero member
Activity: 2590
Merit: 644
A good explanation why bitcoin has the highest level of trust. First, it existed longer than the other cryptocurrency. Many people have used the bitcoin already and then later on the altcoins and other coins existed even more new ones being launched successfully. When you have bitcoin, you can make your own decisions on what you want to do as long as you have the credentials of the wallet like the seed phrase or private key.
^ Just because all altcoins were forked to BTC and that is we called them altcoins, an alternate coin to BTC.
As a pioneer coin in cryptocurrency that has proven and tested that it is purely decentralized and nobody control it, that is how people trust BTC by using in a different aspect which is how useful BTC is. As we can see, all big institutions were now accepting BTC as a secondary currency which is good for investing or alternating currency. Nevertheless, because of this trust, many crypto enthusiasts believed that BTC is good for storing value and now they are hoarding on it.
jr. member
Activity: 434
Merit: 1
During investing any kind of cryptocurrency, we are confuse whether to invest in those currencies.But in case of Bitcoin, there is no worry at all. Because Bitcoin is the pioneer of all online currencies. So that's why Bitcoin in the highest level of trust.
 And from the begining of bitcoin, there is no trust issue to anyone. As bitcoin stays for the long time, it will not betray us.
sr. member
Activity: 2478
Merit: 343
20BET - Premium Casino & Sportsbook
People had given a high level of trust to Bitcoin because it was proven already that could give you a decent profit from investing. People risk their money as they know and believe that they don't lose their money in the future but instead seeing it growing. Honestly, nobody has to spend million dollars if they never see this thing or having such trust but people have and it was a great decision been made.

So the question is why not? Anyways, it wasn't regretting those who never trust as it was their choice but this was a great opportunity for those who have decided to take the risk.
member
Activity: 812
Merit: 13
Crypto bookmaker and casino
Now days bitcoin is more successful and popular  and something which make more popular bitcoin like many transection do with bitcoin also many companies accept bitcoin payment so that's why bitcoin have a high level of trust
Bitcoin had been in existence for long now and no other cryptocurrency can be compared to it increase it level of trust attracting big firms, companies and individuals to patronize it without have any moment of doubt. Bitcoin had been more successful since the time it was established till now that many have seen the potential it has. Those who do not still believe in Bitcoin have there self to blame for their ignorance and lack of insight to know what is real and what is not.
member
Activity: 728
Merit: 12
The thing that makes Bitcoin have high trust is probably because Bitcoin is believed to increase digital financial literacy. In addition, the use of Bitcoin is considered capable of optimizing foreign investment. This is supported by more efficient access, while reducing dependence on the US dollar. Even Bitcoin is believed to be able to suppress the rate of inflation. Assets can be a safe haven, especially during a pandemic. Moreover, developing countries tend to still find it difficult to contain the rate of inflation in the midst of a pandemic like today.
newbie
Activity: 6
Merit: 2
Many crypto. Much profit. Wow! The Dogecoin Foundation has been re-established, this time with some real star power in its leadership team, including Vitalik Buterin and Elon Musk.

The new manifesto announces four project values — being useful, personable, welcoming, and reliable — and reads, “We are developing a currency for the people, and we strive to do only good everyday.” Who's a good doge? he is.

The cryptocurrency market turned bearish, with the market capitalisation decreasing by 6.2 percent to fall below the $2 trillion mark to $1.96 trillion. The price of Bitcoin (BTC) reached $44,743 after shedding 4.73 percent.

Ethereum (ETH) slipped by 8.24 percent to reach $3,008. According to experts, Bitcoin is experiencing a sell-off, following its local high recorded on August 14 at $48,251. Institutional cryptocurrency investments have seen another week of consecutive outflows with a total of $22 million.

According to a report from CoinShares, the low investor participation could be due to the seasonal effects witnessed in other asset classes as well.

Coinbase has launched in Japan, in partnership with Mitsubishi UFJ Financial Group (MUFG) — one of the largest banks in Japan serving 40 million Japanese customers. Coinbase was founded in 2012 as an easy and trusted place to buy and sell Bitcoin.

At that time, the price of Bitcoin was $12. So they're not likely to be panicking at the past few days fall in prices!
jr. member
Activity: 54
Merit: 5
Bitcoin has been developing for so many years. The moment when it has gone through many times of almost returning to zero is still developing. This has been the test of time.
Through the epidemic. Many people have joined the world of cryptocurrency. For novices, Bitcoin is the most trusted cryptocurrency among all cryptocurrencies. Bitcoin is the symbol of cryptocurrency. He is the central pillar of cryptocurrency. All cryptocurrencies have only developed to the present because of Bitcoin.
copper member
Activity: 154
Merit: 234
Bitcoin does not need anyone trust or rating. Bitcoin had passed through many years of stress and survival and finally scale through this time, now that it had gone far I don't think their is any reasons of looking for numbers of trusts for it to keep moving.
Bitcoin is the boss of cryptocurrency and thereby, the trust is already guaranteed, which can not be compared to altcoins which existence happen as a result of Bitcoin dominance in the society attracting more development of new type of altcoins on a daily basis.

Trust is important even in a digital coin. How are you going to invest in a coin if you don't have trust that it can give you profit? Bitcoin become successful and valuable after more that ten years of existence because of peoples trust (demand) and because of the purpose why it was created by Satoshi. Bitcoin can be an asset and currency and people like it very much. It also help a lot of people during this time of pandemic that leads to gain more trust from the people.
Amidst the pandemic that we are facing today, most of the stores have been closed due to bankcruptcy and so lot of people have become jobless. And bitcoin just come right perfectly. Although its presence have been here for over ten years but its demand is now more acknowledge in this time of pandemic. It has offered a lot of jobs to people and good investments that can cover all their expenses in their daily necessities. So why would they still put their trust into another coins? When in fact bitcoin is definitely the perfect coin they all have been looking for.



The COVID-19 pandemic has caused severe damage to the economy of our entire world. In order to get out of the addicted economy, various countries can only stimulate economic development by printing currency continuously. Instead, it caused more serious inflation. This fact has awakened more and more ordinary people, and they have begun to choose Bitcoin to protect their wealth. Bitcoin is gaining more and more trust.
member
Activity: 62
Merit: 10
Bitcoin is king!
The first cryptocurrency was Bitcoin, and the other cryptocurrencies were issued through Bitcoin. Their codes are similar. Some coins directly replicate Bitcoin technology.
When the price of Bitcoin increases, it can promote the development of other cryptocurrencies. When the price of Bitcoin drops, other cryptocurrencies will have an impact.
After so many years of precipitation. Bitcoin is the wind direction tower in cryptocurrency.
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
Bitcoin does not need anyone trust or rating. Bitcoin had passed through many years of stress and survival and finally scale through this time, now that it had gone far I don't think their is any reasons of looking for numbers of trusts for it to keep moving.
Bitcoin is the boss of cryptocurrency and thereby, the trust is already guaranteed, which can not be compared to altcoins which existence happen as a result of Bitcoin dominance in the society attracting more development of new type of altcoins on a daily basis.

Trust is important even in a digital coin. How are you going to invest in a coin if you don't have trust that it can give you profit? Bitcoin become successful and valuable after more that ten years of existence because of peoples trust (demand) and because of the purpose why it was created by Satoshi. Bitcoin can be an asset and currency and people like it very much. It also help a lot of people during this time of pandemic that leads to gain more trust from the people.
Amidst the pandemic that we are facing today, most of the stores have been closed due to bankcruptcy and so lot of people have become jobless. And bitcoin just come right perfectly. Although its presence have been here for over ten years but its demand is now more acknowledge in this time of pandemic. It has offered a lot of jobs to people and good investments that can cover all their expenses in their daily necessities. So why would they still put their trust into another coins? When in fact bitcoin is definitely the perfect coin they all have been looking for.
hero member
Activity: 2814
Merit: 576
DGbet.fun - Crypto Sportsbook
It is because among the existing cryptocurrencies in the market, Bitcoin have already proven its worth through the years that it have been into the crypto market providing safety and security on those people who have risked their funds on investing with it and have fruitfully gain profit from and it have shown us that despite of many circumstances it can still be able to bounce back to the top even if there are lots of negativities roaming around trying to pull down this crypto. With that, Bitcoin not just gain popularity but also it have proven people that it can be reliable and trusted.
Well perhaps just because this currency is the pioneer in the market and that is all. Bitcoin has been proved its legitimacy for over how many years since then, and now, we saw some other statements that they regret why they sell their coin at an early stage and supposedly it becomes folded their profit for how many times. This means that bitcoin has been already proven and there is no doubt to put some trust than other cryptocurrencies and also it has proved that bitcoin is truly decentralized than the other one.
The best thing about bitcoin is that its fully decentralized so we all have the control on it which is totally  different from fiat.  And yes, its pioneering in the market so its strong foundation has been tested already several times and still comes out successful throughout the whole 10 years.

So why do we have to trust any other coin? Maybe its more of diversifying our investments but still bitcoin will always come out dominating the whole crypto market even with the new coins arising today.
sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
It is because among the existing cryptocurrencies in the market, Bitcoin have already proven its worth through the years that it have been into the crypto market providing safety and security on those people who have risked their funds on investing with it and have fruitfully gain profit from and it have shown us that despite of many circumstances it can still be able to bounce back to the top even if there are lots of negativities roaming around trying to pull down this crypto. With that, Bitcoin not just gain popularity but also it have proven people that it can be reliable and trusted.
Well perhaps just because this currency is the pioneer in the market and that is all. Bitcoin has been proved its legitimacy for over how many years since then, and now, we saw some other statements that they regret why they sell their coin at an early stage and supposedly it becomes folded their profit for how many times. This means that bitcoin has been already proven and there is no doubt to put some trust than other cryptocurrencies and also it has proved that bitcoin is truly decentralized than the other one.
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