The Reason Bitcoin will always be #1 - page 26.

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Quote from: blackhawkeye1912 on March 03, 2017, 07:41:35 PM

Quote from: BitcoinBarrel on January 10, 2017, 03:36:51 PM

Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

Bitcoin always be a number 1 because of it volatility, it's really helpful actually to all traders in bitcoin industry. Moreover, because of decentralization whenever nothing can imitate by its unique features by bitcoin.

anonymity is the feature of bitcoin. It is not a reason for btc is been top. Bitcoin value is big reason why people been run behind it. I have read many companies were already adopted blockchain technology and they are doing research about it more. Even citi bank planned to create their first digital currency called citicoin. Don't how is gonna impact on bitcoin, but still bitcoin initial view for them in digital currency world.

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Quote from: KennyR on March 04, 2017, 04:51:21 AM

Quote from: JL421 on March 04, 2017, 04:32:39 AM

Quote from: agustina2 on February 11, 2017, 10:17:21 AM

Quote from: JL421 on February 11, 2017, 10:06:40 AM

I don't think in future there will be any coins which will beat bitcoin.

It should and it's a must thing to happen.

If bitcoin will reached a failure and dead coin status then so on with the idea of people using cryptocurrency in their preferred own ways. Many people will not be hooked now in using another cryptocurrency since it's hard to believe that even bitcoin was being supported now from most of the people globally and usage of it is really active, still bitcoin become dead.

And if that is the case, it will also be experienced by those altcoins.

Bitcoin = dead that will actually take lot of time maybe by 2060 or something. It is for sure by 2022 or something all bitcoins will fully be mined but many people are just gonna hold it till 2030 and then after that we will see the price is growing at a really low rate amd mostly by 2050 it will be dead.

Bitcoin to die by 2050 is not gonna happen. Because technology is given preference by companies around the world compared to bitcoin, so surely it will survive long. Among cryptocurrencies bitcoin is the one with the increased capital and next to it ETH is gaining more acceptance and capital is increasing gradually.

Nothing is impossible. Bitcoin is now currently facing the slow transaction and the quadruple fees that will eventually make bitcoin doomed if it's not be resolved. People getting interested to bitcoin because as it has been repeated by many people here, low fees and instant, but if the problems above still exist and keeping up, I think people will lose their interest in bitcoin.

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Quote from: JL421 on March 04, 2017, 04:32:39 AM

Quote from: agustina2 on February 11, 2017, 10:17:21 AM

Quote from: JL421 on February 11, 2017, 10:06:40 AM

I don't think in future there will be any coins which will beat bitcoin.

It should and it's a must thing to happen.

If bitcoin will reached a failure and dead coin status then so on with the idea of people using cryptocurrency in their preferred own ways. Many people will not be hooked now in using another cryptocurrency since it's hard to believe that even bitcoin was being supported now from most of the people globally and usage of it is really active, still bitcoin become dead.

And if that is the case, it will also be experienced by those altcoins.

Bitcoin = dead that will actually take lot of time maybe by 2060 or something. It is for sure by 2022 or something all bitcoins will fully be mined but many people are just gonna hold it till 2030 and then after that we will see the price is growing at a really low rate amd mostly by 2050 it will be dead.

Bitcoin to die by 2050 is not gonna happen. Because technology is given preference by companies around the world compared to bitcoin, so surely it will survive long. Among cryptocurrencies bitcoin is the one with the increased capital and next to it ETH is gaining more acceptance and capital is increasing gradually.

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Quote from: agustina2 on February 11, 2017, 10:17:21 AM

Quote from: JL421 on February 11, 2017, 10:06:40 AM

I don't think in future there will be any coins which will beat bitcoin.

It should and it's a must thing to happen.

If bitcoin will reached a failure and dead coin status then so on with the idea of people using cryptocurrency in their preferred own ways. Many people will not be hooked now in using another cryptocurrency since it's hard to believe that even bitcoin was being supported now from most of the people globally and usage of it is really active, still bitcoin become dead.

And if that is the case, it will also be experienced by those altcoins.

Bitcoin = dead that will actually take lot of time maybe by 2060 or something. It is for sure by 2022 or something all bitcoins will fully be mined but many people are just gonna hold it till 2030 and then after that we will see the price is growing at a really low rate amd mostly by 2050 it will be dead.

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Quote from: Yuuto on March 03, 2017, 07:45:16 PM

Quote from: BitcoinBarrel on January 10, 2017, 03:36:51 PM

Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

Well although that sounds a bit illogical at first, but it actually makes sense.

The first thing you know about cryptocurerncy isn't the word "cryptocurrency", but rather bitcoin. There is a reason for that, as bitcoin is the first cryptocurrency and the most well known. Every altcoin is based off bitcoin.

If Satoshi didn't invent bitcoin, then there will be no litecoin, no Ethereum. Even Ethereum itself says that Ethereum is a tool to complement bitcoin.

Also Bitcoin a developing currency or still in the growth stage it has more room to grow in and its position right now which is the current #1 cryptocurrency in the market is hard to beat at. Being the #1 coin in a developing atage won't make it easy for other altcoins to take Bitcoin's position. We might see another cryptocurrency that will share Bitcoin's spotlight but not anytime soon.

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Quote from: BitcoinBarrel on January 10, 2017, 03:36:51 PM

Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

Well although that sounds a bit illogical at first, but it actually makes sense.

The first thing you know about cryptocurerncy isn't the word "cryptocurrency", but rather bitcoin. There is a reason for that, as bitcoin is the first cryptocurrency and the most well known. Every altcoin is based off bitcoin.

If Satoshi didn't invent bitcoin, then there will be no litecoin, no Ethereum. Even Ethereum itself says that Ethereum is a tool to complement bitcoin.

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Quote from: BitcoinBarrel on January 10, 2017, 03:36:51 PM

Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

Bitcoin always be a number 1 because of it volatility, it's really helpful actually to all traders in bitcoin industry. Moreover, because of decentralization whenever nothing can imitate by its unique features by bitcoin.

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Quote from: BitcoinGirl.Club on February 20, 2017, 11:50:57 AM

Bitcoin will be #1 because its creator developed a project he believed will be great, which many of us have adopted and understand now. I have no doubt it will keep being #1 as its the parent of all crypto currencies

Believe does not stop with the developer but they had passed it to the community. They had influenced lots of people and majority of them are clinging tightly to the belief that bitcoin is the salvation to financial problem. Which is proven by the early adopters of Bitcoin and now being used as inspiration of the new comers.

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Bitcoin is future fixing economy in world key which will make more pupil happy and more rich so now i collect bitcoins in my wallet and later i will sell them for more.

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Bitcoin will always be #1 because its has given people jobs and new careers and new ways to make money, which many of us have adopted and understand now. Its also the parent of all crypto currencies

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Quote from: btcdevil on February 20, 2017, 09:47:06 AM

Quote from: Zadicar on February 19, 2017, 12:09:51 PM

Quote from: BigBall on February 19, 2017, 11:30:23 AM

No I dont think that this is the reason.I think that reason is because it is best cryptocurrency and because this crypotocurrency is created first in world so it is hard now to beat that result with new crpytocurrency but it is still possible.

Being created as 1st does really have an advantage and impact since its been first used by people and they got used to it thats why in the situation of bitcoin hes placed on the top but possibilities of getting replaced is there but i think it would take long time for someone to create will surpass bitcoin.

Not only the reason of Bitcoin being No.1 is that it is the first coin which has introduced this technology but one more main reason is that no one is their to control the Bitcoin and it is free to use. But what ever coin or project is coming that all is controlled by the developer and if they want they can scam anytime and sell all coins and run away like this they can cheat all the coin holders. This is the main reason of no altcoin is get compared to bitcoin.

I'm sure that will happen sooner or later as you say. Nobody knows what's behind bitcoin and what he achieved. Besides annoying me that to use it you need to change it to another currency. And if you do not change? What then?

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Quote from: Zadicar on February 19, 2017, 12:09:51 PM

Quote from: BigBall on February 19, 2017, 11:30:23 AM

No I dont think that this is the reason.I think that reason is because it is best cryptocurrency and because this crypotocurrency is created first in world so it is hard now to beat that result with new crpytocurrency but it is still possible.

Being created as 1st does really have an advantage and impact since its been first used by people and they got used to it thats why in the situation of bitcoin hes placed on the top but possibilities of getting replaced is there but i think it would take long time for someone to create will surpass bitcoin.

Not only the reason of Bitcoin being No.1 is that it is the first coin which has introduced this technology but one more main reason is that no one is their to control the Bitcoin and it is free to use. But what ever coin or project is coming that all is controlled by the developer and if they want they can scam anytime and sell all coins and run away like this they can cheat all the coin holders. This is the main reason of no altcoin is get compared to bitcoin.

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Quote from: abel1337 on February 20, 2017, 09:33:40 AM

I think bitcoin become the #1 cryptocurrency in the world because it is the most known cryptocurrency of all crypto in the world, and it is also the first cryptocurrency that is used and can convert into local currency. Bitcoin is being slowly adopted by some countries thats why bitcoin is #1

Yup, we have several cryptocurrencies in this world, but the other cryptos are not user friendly like Bitcoin. The other currencies some people don't know how to use and where to convert it into fiat currency. But Bitcoin is not like that, Bitcoin is illegal currency in all countries, but in all countries, BTC exchangers are there. We can convert BTC to fiat easily. That is why it is number one.

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I think bitcoin become the #1 cryptocurrency in the world because it is the most known cryptocurrency of all crypto in the world, and it is also the first cryptocurrency that is used and can convert into local currency. Bitcoin is being slowly adopted by some countries thats why bitcoin is #1

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The reason that bitcoin will be #1 is that it will be recognize around the world as the only crypto-currency being accepted globally. With that, no one can compete against it in the crypto world. It will be also # 1 if it is mass adopted, meaning wherever you are in any part of the globe, you can used bitcoin to buy/sell and trade with it.

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Quote from: Sled on February 19, 2017, 02:11:55 PM

Bitcoin can't be always number one because there might a problem that will cause bitcoin to lose from the rankings. One of them is the speed of transaction which is getting slower and slower because of the increasing volume of the users and that is what we are facing now and developers should fix that problem soon or else people will get bored on bitcoin and find another valuable altcoin who can perform well or better than bitcoin. So we can't always think comfortably that bitcoin will be always number #1.

I also have no doubt that bitcoin is not able to be No. 1 in addition as only the main world currency will begin to go on the Internet think that they will supplant cryptocurrency. The only problem is the taxes. Not to pay them only when you use a cryptocurrency.

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Quote from: bloodnest on February 19, 2017, 12:12:56 PM

Belief is the most key-aspect here. Even if you could have a better, more advanced and generally just more functional cryptocurrency, if you have people willing to crowd over your thing, you'll always remain relevant. Sort of like Apple, now while their product lines aren't the best spec'd, they have a large following and remain relevant to even non-hardcore fans because of said fans and whatever campaigns made to gather up new consumers / fans. They don't have to wildly go out of this world and make the best product to sell, they just need to appeal really well to their eco-system - in terms of bitcoin just some slight updates, the people mostly do the work here as new business ideas revolve around the willingness to use bitcoin - and ride on that lightning to snowball and get more and more willing players.

Yeah comparing to Apple, bitcoin has it is own consumers or better to says users and it always tend to preserve those users and bring more people at the same time and that is what really makes difference between bitcoin and other cryptocurrencies that they just want to be as successful as bitcoin.

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Quote from: Sled on February 19, 2017, 02:11:55 PM

Bitcoin can't be always number one because there might a problem that will cause bitcoin to lose from the rankings. One of them is the speed of transaction which is getting slower and slower because of the increasing volume of the users and that is what we are facing now and developers should fix that problem soon or else people will get bored on bitcoin and find another valuable altcoin who can perform well or better than bitcoin. So we can't always think comfortably that bitcoin will be always number #1.

Nothing is wrong with the transaction speeds as they are near instant most of the times. I am sure you are referring to the confirmation times of transactions that are taking longer than usual. Increasing the block size is something that has been discussed for more than a year, but still there are no signs of reaching consensus among pools. If you also look at the level of support for segwit, then it's nearly obvious that we'll keep sitting at the 1MB block cap for the rest of the year.

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Bitcoin will stay #1 IMO, because history cannot be repeated. I mean by that the coin distribution the Satoshi story and the longevity. Disclaimer: This is only my point of view don't believe me Cheesy

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Bitcoin can't be always number one because there might a problem that will cause bitcoin to lose from the rankings. One of them is the speed of transaction which is getting slower and slower because of the increasing volume of the users and that is what we are facing now and developers should fix that problem soon or else people will get bored on bitcoin and find another valuable altcoin who can perform well or better than bitcoin. So we can't always think comfortably that bitcoin will be always number #1.

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