just look at the bitcoin value. it is the highest among all cryptocurrencies.
the high value on bitcoin shows that means bitcoin demands is very high compare than another coins.
Topic: So Bitcoin is King.. why is it?! - page 18. (Read 1884 times)
THANK YOU for posting! I am also pretty new to crypto, and it seems kind of obvious to me that bitcoin has some massive limitations... and yet it's still King. Case in point, I asked earlier if I should get paid in BTC or ETH, and got like 100 comments... 99% of them saying take the BTC and run. And thats on bitcointalk where we can assume most of the people are nerdy enthusiasts.
It's hard to believe that the only reason btc is still holding all the cards is because of it's brand name? Although I suppose that in this game a brand name is worth more than anything else. After all... it's "magic internet money" so what actually matters more than brand name?
I have a further question in response to #4 Cartels... I'd like to know why don't they just impose extreme limitations on what 1 computer (or one network) can contribute in a day? Could that help the problem? I'm sure smarter people than me have thought of this... just wondering.
Anyway, its a great question.
It's hard to believe that the only reason btc is still holding all the cards is because of it's brand name? Although I suppose that in this game a brand name is worth more than anything else. After all... it's "magic internet money" so what actually matters more than brand name?
I have a further question in response to #4 Cartels... I'd like to know why don't they just impose extreme limitations on what 1 computer (or one network) can contribute in a day? Could that help the problem? I'm sure smarter people than me have thought of this... just wondering.
Anyway, its a great question.
A king rules the nation and controls the nations people and territory for example, as like a king Bitcoin rules crypto market and its trend is followed bu all altcoins in the market. I personally think Bitcoin is the king of kings since it is ruling the world and going to dominate all the nations with its transaction and block chain technology.
Bitcoin became the king of the crypto currency because bitcoin is the first crypto currency that appears, it could be called the forerunner of the currency, it's what makes bitcoin prices become very expensive and there are other crypto currencies that can match or rival the bitcoin price.
Yes, bitcoin is the first ever created successful virtual currency and it is the foundation of all the coins or in crypto world, so it is deserving to be called the king of all coins. In fact if bitcoin drops then mostly altcoins will follow, so it signifies that the people in crypto market are using or investing altcoins to trade in for bitcoin.
Yes it is.
Because bitcoin is one of the first circulating digital currencies in the world of cryptocurreny and is currently the highest price compared to gold or others.
Because bitcoin is one of the first circulating digital currencies in the world of cryptocurreny and is currently the highest price compared to gold or others.
If a forex exchanged is the US dollar of a medium of exchange and become the king of fiat currencies that the same bitcoin is the opposites of cryptocurrencies that you can observe that without a US dollar .not it convert you fiat currency for other currency and you can not even buy good for abroad .bitcoin is also the same as that you do not have bitcoin not to buy or trade without any altcoins .later there are many coin also and aside of that bitcoin has this kind of purchase power but still all can not match bitcoin in a market term.
Bitcoin is "mother" of alt coins including ethereum. It is first digital money using blockchain technology and being developed to disrupt world traditional financial system.
According to coinmarketcap.com bitcoin is still king with over 40% dominance. It is hard for any coins to take its place because people will use bitcoin first to buy other coins.
According to coinmarketcap.com bitcoin is still king with over 40% dominance. It is hard for any coins to take its place because people will use bitcoin first to buy other coins.
Bitcoin definitely has the first mover advantage and it would be hard for other coins to take its place. But it definitely is possible that some other cryptocurrrency with a killer feature becomes popular. The comparison which is made is MySpace and Facebook. There is a possibility that Bitcoin could turn into the MySpace of the cryptoworld.
Bitcoin is "mother" of alt coins including ethereum. It is first digital money using blockchain technology and being developed to disrupt world traditional financial system.
According to coinmarketcap.com bitcoin is still king with over 40% dominance. It is hard for any coins to take its place because people will use bitcoin first to buy other coins.
According to coinmarketcap.com bitcoin is still king with over 40% dominance. It is hard for any coins to take its place because people will use bitcoin first to buy other coins.
Bitcoin was the first cryptocurrency using the blockchain. It s the "grandparent" of all crypto, altcoin included.
Being first is certainly an advantage for bitcoins. Even when the media covers crypto (even if they are talking about disadvantages), they are just mentioning about bitcoins only and no other coin. Most of the people think that crypto is only bitcoin.
if there is no Bitcoin, then there will be no Altcoin. Bitcoin is the first crypto to appear, then reappear new coins. Bitcoin prices are highest among hundreds or even thousands of Altcoin. Bitcoin in Say As King, because Bitcoin first appeared and Bitcoin became the Parent of All Altcoin that exist today.
Bitcoin became the king of the crypto currency because bitcoin is the first crypto currency that appears, it could be called the forerunner of the currency, it's what makes bitcoin prices become very expensive and there are other crypto currencies that can match or rival the bitcoin price.
Everybody knows that bitcoin is the king of all cryptocurrencies because bitcoin has been already there before and it is still here and it will still remain up there tomorrow and this coming years to come, for sure bitcoin will never fade. Many organizations, investors and individuals trusted and completed their transactions using bitcoin attracting many more to invest and use bitcoin as their chosen currency for payment.
So i ask again what makes Bitcoin the King? Network effect?
As we all know bitcoin is popularly known as "The Father of Cryptocurrencies". It is so called because it is first of it's kind.It is the first decentralised cryptocurrency.I think one of it's striking features is that it keeps the user anonymous and secure.Name me any one altcoin which has ever crossed the value of $19000 per token/coin.There isn't any right!!!!!!.That's what makes it the king.And i believe that bitcoin devs are working really hard on Lightning network.I guess soon in the near future we will be able to transact bitcoins in lightning speed with minimal transaction fee.Once the devs find a solution to these two problems of speed and transaction fees there isn't any power which can rival bitcoin.
Bitcoin is considered as the King - the first of its high end quality. Bitcoin may not be the first crypto currency launched but it has proven its value and worth in the crypto world. People are dying to buy even a certain portion of it to be able to use it as a tool such as mode of payment and as the currency for trading. It launched decentralization which a lot of users find it interesting and beneficial.
Bitcoin has been the king of cryptos, Bitcoin is the most decentralized coin, which is the most important thing for any crypto, and The main advantages of Bitcoin that makes Bitcoin king over other crypto currencies are the network effect and proven security which are nearly insurmountable advantages.
Yes... Bitcoin will always be the King and theres nothing will ever replaced Bitcoin as the King of Cryptocurrency... they may try to replace bitcoin but they can never succeed in doing it because each day bitcoins community is growing day by day attracting many users and investors alike to invest all they have in bitcoin, hoping that bitcoin will be able to give them a bright future.
Whether we like it or not, Bitcoin is still the King and there's no other cryptocurrency will beat Bitcoin. Even fiats, Fiats can't defeat bitcoin. Etherium and tokens are just a cryptocurrency that are trying to beat bitcoin but they still not defeating it. Bitcoin is still alive. Bitcoin will still help many people inside Cryto world in the near future.
Yes... Bitcoin will always be the King and theres nothing will ever replaced Bitcoin as the King of Cryptocurrency... they may try to replace bitcoin but they can never succeed in doing it because each day bitcoins community is growing day by day attracting many users and investors alike to invest all they have in bitcoin, hoping that bitcoin will be able to give them a bright future.
Bitcoin is the king in all crypto currency because it become famous in all coins with higher demand in the market. With out the bitcoin i think other altcoins and tokens will not exist. Every altcoins and tokens,you need to convert first into bitcoin before you can cash out.
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