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Topic: The Reason Bitcoin will always be #1 - page 35. (Read 41502 times)

sr. member
Activity: 294
Merit: 250
January 29, 2017, 06:41:48 PM
Bitcoin would be always number one because no altcoin could able to break even its position now and all altcoin are just following bitcoin and depending on the value of bitcoin and also its the father of all cryptocurrency which will normally comes to our mind that it is on the top for now.
I would not be so sure that any other crypto currency not replace bitcoin one day. Bitcoin is limited by the number of 21 millions and it's impossible to it would be enough for all people who wants to get it. Maybe one day in the case of huge price bitcoin will be the most expansive currency, but there will be many other crypto currencies that will be more useful and that's why more popular.
legendary
Activity: 1232
Merit: 1091
January 29, 2017, 05:08:28 PM
Name is not everything, bitcoin is really great by a lot of other properties.
But for a new currency to get traction, it would somehow have to have some kind of unusual advantage over Bitcoin. Maybe a government would outlaw Bitcoin but explicitly commit to not outlawing the new currency. Or maybe there could be some kind of deep flaw discovered in the Bitcoin protocol, and it would be easier for everyone to switch to another, thoroughly tested currency than to fix Bitcoin. Or a new currency could come along with much better properties that for fundamental reasons couldn't be retrofitted into Bitcoin, and that could motivate a switch.

Governments aren't that far behind to just prohibit the use of Bitcoin while other crypto currencies aren't subject to the same law. If governments at some point explicitly prohibit the use of Bitcoin, then they will prohibit crypto in general where all coins will be subject to this law. Otherwise it wouldn't make any sense. That being said, there is nothing that can't be fixed if needed. However, reaching consensus in this case might as well turn out to be a problem since it might even push us closer to alternative sides as XT or Unlimited. They wouldn't mind seeing Core go down as one of them will come out as clear winner.
hero member
Activity: 560
Merit: 500
January 29, 2017, 05:08:10 PM
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

I love the name too. Also I think Bitcoin will always be #1 because it has been #1 for a long time already. Only ZEC surpassed BTC in terms of the price in USD once, but as we all know it didn't last long.
Regarding the name, in fact, so far I don't know a currency with a better name. However, what drives users to adopt the currency is the fact that people have found a way to make their lives easier using Bitcoin, whether by using the currency to make payments or to store value. And now that you mentioned zcash, I remember that the currency did actually hit records last year in terms of price increase, but it also broke records in terms of devaluation, and that caused a lot of people to lose money.
hero member
Activity: 700
Merit: 500
January 29, 2017, 04:58:48 PM
Name is not everything, bitcoin is really great by a lot of other properties.
But for a new currency to get traction, it would somehow have to have some kind of unusual advantage over Bitcoin. Maybe a government would outlaw Bitcoin but explicitly commit to not outlawing the new currency. Or maybe there could be some kind of deep flaw discovered in the Bitcoin protocol, and it would be easier for everyone to switch to another, thoroughly tested currency than to fix Bitcoin. Or a new currency could come along with much better properties that for fundamental reasons couldn't be retrofitted into Bitcoin, and that could motivate a switch.
hero member
Activity: 1274
Merit: 622
January 29, 2017, 04:54:07 PM
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

I love the name too. Also I think Bitcoin will always be #1 because it has been #1 for a long time already. Only ZEC surpassed BTC in terms of the price in USD once, but as we all know it didn't last long.
hero member
Activity: 1302
Merit: 532
January 29, 2017, 04:40:09 PM
Its on top because it got the biggest market capitalisation.
Market capitalisation comes with market penetration and more people are using bitcoin simple because it is the first crypto currency and this enabled people to trade and opened a new market completely.

Bitcoin has given us so many facilities and advantages which are only produced by bitcoin.With bitcoin we can send money anytime, anywhere in the world.We don't need to be worried about holiday or limitation.Also bitcoin protect against identity theft.Transaction fees are very low and bitcoin is tax free.
You can send money anytime anywhere in the world even if you use any other cryto currency and there is no limitations and most alt coins are faster than bitcoin when it comes to transaction time. Tongue
sr. member
Activity: 994
Merit: 391
January 29, 2017, 04:37:41 PM
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

bitcoin will always be number 1,  because bitcoin has a biggest community in the world. it's more popular than the other crytop-currency and it was born first . Bitcoin can threaten banking sector.
 

I think you are right. Before other cryptocurrencies, I heard about bitcoin ant then, I started to search for it. While searching what is a bitcoin, the purpose of it, the use of it, I learned that there are other cryptocurrencies. This is because of popularity and also relatively big community of bitcoin.
hero member
Activity: 630
Merit: 500
January 29, 2017, 03:37:18 PM
Bitcoin is still number one when it came, because of many reasons, First of all, bitcoin is first crypto currency, before it people didn't know about any crypto and also never heard any that kind of technology. When we came in bitcoin world and we use it than still we think bitcoin will be best, and also i like Bitcoin name.   
to me the only for which i can say that bitcoin is number one is that bitcoin is present everywhere, mean you can find the bitcoin users in all over the world, and still the number of bitcoin users are increasing more than any other country.
hero member
Activity: 966
Merit: 507
January 29, 2017, 03:20:30 PM
I like the simple reasonings, but to think that the simple fact of being called bitcoin is enough guarantee to ensure the predominance of bitcoin among all other crypto currencies does not seem sufficient.

It is true that such a good name has undoubtedly achieved the best brand positioning, but there are still many thing to improve in the entire bitcoin ecosystem to ensure this dominance forever.
legendary
Activity: 2954
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Leading Crypto Sports Betting & Casino Platform
January 29, 2017, 02:06:45 PM
Bitcoin is still number one when it came, because of many reasons, First of all, bitcoin is first crypto currency, before it people didn't know about any crypto and also never heard any that kind of technology. When we came in bitcoin world and we use it than still we think bitcoin will be best, and also i like Bitcoin name.   
sr. member
Activity: 531
Merit: 258
January 29, 2017, 12:00:07 PM
Bitcoin has given us so many facilities and advantages which are only produced by bitcoin.With bitcoin we can send money anytime, anywhere in the world.We don't need to be worried about holiday or limitation.Also bitcoin protect against identity theft.Transaction fees are very low and bitcoin is tax free.

Don't worry, your credit card doesn't care about holidays
hero member
Activity: 1134
Merit: 517
January 29, 2017, 11:46:33 AM
Bitcoin would be always number one because no altcoin could able to break even its position now and all altcoin are just following bitcoin and depending on the value of bitcoin and also its the father of all cryptocurrency which will normally comes to our mind that it is on the top for now.

Not all Altcoins are following bitcoins. Few of them have much better algorithm and few have solved the drawbacks of bitcoins like long confirmation time. Few of them are confirmed much quickly than bitcoins. But still no once can replace bitcoin because of its popularity, usage and volume.
Bitcoin is original and a pioneer and it is rare for a copy to outsmart the original. Not like that should be an issue though, Bitcoin is a revolution and it is the time of the cryptocurrencies, else they would have extinguish the fire well before now. In the case, that Bitcoin loses its number 1 position, then it must be to a very robust, elegant and overwhelmingly and unanimously accepted coin but above all, it would nonetheless be a descendant of Bitcoin.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
January 29, 2017, 10:00:44 AM
Its on top because it got the biggest market capitalisation.

This is the most brief and real answer on the reason why bitcoin will always be on top spot. We can just simply rely on the coin market cap and the possibility of why bitcoin is always be on the no.1 spot is already there. You can see on how big the differences of other alt coins market cap to bitcoin. They need to surpass it first if they want to take the spot of bitcoin.
sr. member
Activity: 1078
Merit: 251
January 29, 2017, 09:27:01 AM
Bitcoin will always be number one as long as other Altcoins is traded against it, this creates nature demand for it in the market, just like what USD is in Fiat market. The world economy revolves round USD that was why Gadaffi and Russia was looking to crash the petrol dollar arrangement.


Yes. Has me too reminiscent of the dollar. He was the first because the first appeared. He put the era of blockhain and became the reference currency. And it will be until it does not shift any fundamentally new currency. This is not necessarily so, but it is likely that this can be
hero member
Activity: 658
Merit: 500
January 29, 2017, 07:57:58 AM
Bitcoin will always be number one as long as other Altcoins is traded against it, this creates nature demand for it in the market, just like what USD is in Fiat market. The world economy revolves round USD that was why Gadaffi and Russia was looking to crash the petrol dollar arrangement.
hero member
Activity: 2758
Merit: 617
Leading Crypto Sports Betting & Casino Platform
January 29, 2017, 02:40:33 AM
Bitcoin would be always number one because no altcoin could able to break even its position now and all altcoin are just following bitcoin and depending on the value of bitcoin and also its the father of all cryptocurrency which will normally comes to our mind that it is on the top for now.

Not all Altcoins are following bitcoins. Few of them have much better algorithm and few have solved the drawbacks of bitcoins like long confirmation time. Few of them are confirmed much quickly than bitcoins. But still no once can replace bitcoin because of its popularity, usage and volume.
hero member
Activity: 518
Merit: 500
January 29, 2017, 02:35:00 AM
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.
Grin it is good and is like religions
Bitcoin will always become numbers one because of it is first digital currency in the world
bitcoins has large amount volume transaction around the world,
the investors has made investment into bitcoins will not dumping bitcoins and losing their money
so i think bitcoin will always become numbers one.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
January 28, 2017, 09:45:11 AM
Bitcoin would be always number one because no altcoin could able to break even its position now and all altcoin are just following bitcoin and depending on the value of bitcoin and also its the father of all cryptocurrency which will normally comes to our mind that it is on the top for now.
sr. member
Activity: 434
Merit: 251
physics, mathematics and engineering
January 28, 2017, 09:35:42 AM
Its on top because it got the biggest market capitalisation.
copper member
Activity: 1722
Merit: 1004
PredX - AI-Powered Prediction Market
January 28, 2017, 03:05:56 AM
Bitcoin is the one that is used much than most other cryptocurrencies. Day after day several good news is coming for bitcoin and digital currency. The digital currency that existed during the days of bitcoin is not yet known to users. This high use and the uniqueness makes it stand strong at the first place.


Bitcoin is on the top because of their importance in the online market and also for their demand and supply in the market which aid in the increment of their price, and now people have more trust on bitcoin than other crypto-currencies because bitcoin is famous and well known currency. It is diffucult to replace bitcoin by other currency but it is not impossible, if other currency will  make importance in market and have more uses than bitcoin then definitely this will replace bitcoin but this cahnge will take too much time.
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