Topic: One reason why bitcoin is still the King (Read 228 times)

The reason Bitcoin is still, and always will be king, is because there is only one Bitcoin and its extremely unlikely anything could ever compete with Bitcoin. It is unique and provides tremendous value to the world (value which is still only at the beginning of being realized).

Every single other cryptocurrency is not unique and could easily be replaced. Even Ethereum could easily be replaced by numerous other smart contract platforms. People talk about Bitcoin having the first mover advantage, but that is only a tiny bit of why it is number one. Ethereum's advantage lays entirely on being the first smart contract platform. I'm not trying to diss Ethereum, just pointing out that it leads the crypto smart contract world simply because it was first and its network effect of being first is the only reason it is still first, but its possible if other crypto platforms ever catch on they could overtake Ethereum. While this is not something that could happen to Bitcoin because its value and advantages are entirely unique and nothing is competing with it.


Bitcoin is the only decentralized cryptocurrency, it is the crypto that is money, it is the only open global secure and sovereign payment network and currency in the world. It is the only crypto that isn't controlled centrally by a founder or company or small group.

Yes crypto price movements largely still follow the ups and down of Bitcoin, but that just dictates price direction. Bitcoin being king has nothing to do with that, Bitcoin is king because nothing competes with it and nothing can compete with it. It is the one and only thing in crypto that is unique and therefore the only cryptocurrency that is incredibly valuable. Smart contracts and whatnot as a whole are valuable, but that doesn't mean any single crypto is valuable, whereas with Bitcoin it is the only thing in existence that can do what it does so it is the one and only cryptocurrency that is singularly valuable.

This basic piece of crypto education is lost on most in the crypto world who are just chasing gains and go around thinking random altcoins will replace Bitcoin or think Ethereum will take over from Bitcoin. This is why I always say there is Bitcoin and then there is Crypto. Two entirely different things. No matter what becomes of Crypto, or any specific crypto like Ethereum or anything else, Bitcoin will continue to be uniquely valuable to the world in a huge way. Because Bitcoin and Crypto are two entirely different things presumably eventually Crypto price won't just follow Bitcoin, and regardless of how Crypto as a whole does or how Ethereum or any single crypto does, fail or succeed, Bitcoin will keep growing. Bitcoin is one of the most important inventions of the century, while crypto is just using the tech Bitcoin invented to make a new industry of companies (that at least so far have pretty much just been fads that come and go every market cycle). That is why Bitcoin is the king. It is the only cryptocurrency that is 100% here to stay and providing the world with unique value.

The only reason why bitcoin has grown and is dominating the world (whether you call it "is still king") is only because it has an actual utility that people use and it does what it promises well. Meaning when we say bitcoin is a decentralized censorship resistant currency, it does offer all of that.

Actually altcoins get dumped both when bitcoin price goes up and down. Look at the biggest shitcoin called ethereum. It used to be worth more than 0.15BTC a couple of years ago and these days it is barely worth half that because bitcoin dropped down to $3,000 and then went back up to $20,000 while ETH got dumped all this time.

Ugh. Read the room.

I cam here to read good talks about the technological and sociological impacts of Bitcoin. Not moonboys shitposts about crypto prices. I’m sorry if this comes out wrong, I just got here. But BTC isn’t even comparable to other "coins" and I feel like most bitcoiners don’t really care about price that much. Correct me if I’m wrong.

Of course gains led most of us to where we are today but the deep dive into everything gravitating around bitcoin is enough, at least personally, to be able to save in BTC without looking back. Its freedom is largely worth it.

Honestly, when it comes to technology, I only believe in bitcoin, altcoins without any technology. Many people say bitcoin is old, slow, that's true but bitcoin is the pioneer of blockchain technology and bitcoin is also the most widely accepted. As for altcoins, they're introducing new, cutting-edge technology but what they're doing looks like a mess, aside from being used to create pumps and dumping, altcoins don't have any real benefits as advertised. No altcoin can last long, new technology that can't last is just trash.

Just the existence of Bitcoin and its price can be proof that it is the king. There are no altcoins that have the same price, and also, Bitcoin has existed since 2009 without dying, unlike other altcoins that only last for a few years. No matter what altcoins we compare to bitcoin, they are all correlated since whatever the price of bitcoin is, altcoins are also affected. Also, there's no point comparing it to other altcoins, as they are all different and made for a purpose.

Technology matters a lot. During the beginning days none believed in the technology as well as Bitcoin. Slowly the market started to pump and at some point the Pizza guy gave value to it with his purchase. From then onwards the market of bitcoin progressed and there were existence of more altcoins. Some stood strong in the market whereas majority are just tokenised services. Even there are few coins that are being developed during the days of bitcoin into existence. Even those coins weren't able to stay on the market. For several reasons bitcoin can be termed to be the king. Another reason, once bitcoin cash tried to take the throne as the real bitcoin. Finally bitcoin was favoured by the consensus and through different obstacles bitcoin stands high as King.

Bitcoin backed by a large community and it is the most used cryptocurrency. No matter how big of a project an altcoin has, they still fall too short of competing with bitcoin.
There are many reasons for bitcoin to have this great market share. I don't see a single altcoin which have the potential like bitcoin, and I don't think any coin will.

Bitcoin supersede all crptocurrency, due to its decentralized system but other altcoins are centralized, a third party is involved which makes it easy to manipulate because there is always a back door. Altcoin project are mostly scam,after sometimes they depreciate and causes loss to investors. I know there are good altcoins out there that are some how reliable because if you study the market you will see that they are growing. I just hope that this altcoins don't end up disappointing their investors after a long period of time.

Obviously bitcoin is and as per my guess will always remain the king. I remember the buzz which was there around the bull run that Eth or Solana might take over bitcoin as the most used currency but once the bear run came in we clearly saw btc regained it's dominance and drove the whole market down and even now market will climb back up only when it climbs back up.

Yes you are right …it is actually Bitcoin is a name of trust…
Many other altcoins who were supposed to be a good project falls down to earth and drowned millions of dollars like Luna ,Celsius etc;
But bitcoin is never even imagined to do so…
Moreover it is for the reason that Bitcoin was the first cryptocurrency ever came into being…..when it falls other altcoins also falls and consequently when it pumps …other coins also pumps accordingly…the % change may be different for pump and dump but still Alts move according to Bitcoin…..

It will only be possible if altcoins can be considered trusted as Bitcoin, there are too many altcoins before who happens to be a scam project that loses peoples trust to invest in them for long term. The fact that it is mostly managed by an individual and companies those altcoins were dependent on how the Bitcoin moves. If there will be a time that altcoins can guarantee their investors that they will not be out of service then they can managed to have loyal supporters like how Bitcoin holders still doing UpTo now.

Altcoins should start moving away from bitcoin and not collapse whenever bitcoin does. This is beginning to affect the general market behaviour because people get scared whenever bitcoin falls and rush to sell their altcoins in fear and that causes price to fall. We should by now start seeing investors have confidence in whatever altcoins they have and keep holding them even when bitcoin is going down.

The real reason why Bitcoin is still at top is because it’s major holders is not weak hands compared to other shitcoins in the market. Satoshi and many old time Bitcoin holder holds the majority of Bitcoin supply and still untouched while Altcoin top holders usually belongs to the team wallet or exchange liquidity which often pump and dump the price.

Bitcoin will never be replaced by altcoins since altcoins has a pre-mined or the majority of token supply belongs to the team that is still active on liquidating there tokens into fiat.

Bitcoin is king because it has been here since 2009 and its has good growth in adoption, price, trading volume and people can easily to buy and sell Bitcoin without loss by slippage and impact on price by their trading size except they are too big whales.

With altcoins you can not have it.

Bitcoin is King because no entity controls its network individually so that no entity can halt the network. With altcoins, their blockchains can be stopped anytime.

The reasons why Bitcoin remains the king are numerous. For instance, it was the first decentralized cryptocurrency payment system, and all altcoins were developed subsequently as copies. Additionally, it is distributed, which means that anyone can download their own copy of the blockchain and act as a validator. In contrast, many altcoins, despite claiming to be decentralized, are hosted on Amazon Web Services (AWS) servers. Last but not least, there is no identity behind Bitcoin; there is no physical person to whom one can go and seek explanations. In contrast, if an offense were committed, someone like Vitalik, who is associated with Ethereum, could be arrested, which could lead to the collapse of Ethereum. I believe that these are all crucial factors to bear in mind, as they contribute to the rise of Bitcoin.

It depends on how good the condition of the team's trust and the quality of an Altcoin is, but what is certain is that the Altcoin price is very much influenced by Bitcoin, there are some good Altcoins, but they will not be able to touch and affect Bitcoin, so far Bitcoin is still leading and the graph has very stable power good, but this doesn't happen to Altcoins where they are unstable and make investors not too sure and there are so many projects in Altcoins, even though some of them are good, they don't know the future of the project.


There are indeed many good Altcoin choices, you can pay attention to the market and see Altcoins that have very good potential, so far most of the Altcoins have been of interest to people and the good growth by the team has made Investors even more confident, this development will not be separated from the rise and fall of the Bitcoin price which has so far led all areas of the Cryptocurrency market.

Among these numbers of cryptocurrencies we have many of them that have turn a lot of asset worth billions into waste and scam except for bitcoin, only few out of many can be regarded as good projects but yet we can not be sure of what might come after them tomorrow, bitcoin set the pace for other cryptocurrencies to follow, if bitcoin should fall by 1% then others will go as far as beyond 10% falling while some may not even recover from the fall experienced.


Since they were all centralized, it is believed that there could be manipulations in their network, since the final or end result with them is determined by the institutionizations controlling the currency they represent, they make use of DApps, Defi, and others like solity on blockchain in running their network.

The major source of buying an altcoin is bitcoin over fiat. That is why you keep seeing the altcoin<>btc exchange rates and only few fiat exchange rates. Therefore the price of Bitcoin influences the price of altcoins. Again a change is price of Bitcoin is often indicative of marker panic that seeps into altcoins because they are similar assets under the heading of crypto.

Because bitcoin has a huge userbase it's movements get nullified quickly because of the opposite side trade. Unlike altcoins which are full of distrust from its investors, situation becomes more volatile.

I think these are main reason why bitcoin is the king is it's userbase who trust the system.

   There are alot of different cryptocurrency and alot also has their Blockchain and even good projects but in the end their prices depends much on bitcoin. If bitcoin continues raising they pump significantly and if it falls they dump depending on the dip. The other thing that affects altcoin include : project not being able to meet up with expectations or something affecting the Blockchain and other internal affairs which can't really affect Bitcoin.
  Trying to get a good altcoin is always tasking and  after all the effort even if it reaches expectations, it's price still remains dependent on how Bitcoin is growing. So in the End bitcoin still remains the King