The Reason Bitcoin will always be #1 - page 41.

DOGE12321

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Quote from: BitcoinBarrel on January 10, 2017, 04:36:51 PM

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

No other name will be as good.

I guess it is, but in truth I think that Bitcoin continues to rank first because it was the beginning of cyrpto-currencies. Only after Bitcoin was established did other Altcoins pop up. In other words, Bitcoin had a head-start, meaning it is more trusted and has a good reputation in the crypto-currency world.

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Quote from: Yakamoto on January 15, 2017, 06:57:57 PM

In my opinion a lot of what comes from Bitcoin's ability and retention of the #1 cryptocurrency position is the community size and the people that use it to be honest.

If Bitcoin did not have all these other companies accepting it as a currency and all the users it does right now, chances are it would have been replaced by something by now.

The bitcoin had been getting his power from his history, Remember if bitcoin is the first cryptocurrency. all of the attention was getting centralizing into it. all of the bitcoin's power were coming from their early adopter.

Yakamoto

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In my opinion a lot of what comes from Bitcoin's ability and retention of the #1 cryptocurrency position is the community size and the people that use it to be honest.

If Bitcoin did not have all these other companies accepting it as a currency and all the users it does right now, chances are it would have been replaced by something by now.

ifightformerkel

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Bitcoin will be always the number 1, because the most people knew it.

When you explain someone the crypto currency, then you always will beginn with bitcoin,
imo it will be always the number 1.

20kevin20

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Lol, I don't think the name really made it No. #1. It's like saying Coca Cola is one of the top drinks in the world because of its name, which is false. The quality, the taste matters. It gets you addicted to it which makes it be the leader. In our case, Bitcoin is the best first of all because it's been the first one around. Here a good example is deciding between a real iPhone 7 and a replica which is under half of its price. Which would you feel safer to buy? Of course, the original one. You know the support never ends and you know the company is real. Bitcoin is like the mother of all the other coins. Some altcoins may grow, like Monero, but I don't think any cryptocurrency will ever get past BTC unless it fails.. which probably would lead to a domino of failure to all the Cryptocurrencies currently existing.

carlerha

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Quote from: abel1337 on January 15, 2017, 09:30:40 AM

For me the reason why bitcoin is number 1 because bitcoin is the king of cryptocurrency and no one will stood a chance to win in the fight of bitcoin. The gap of other cryptocurrency in bitcoin is very very far from bitcoin.

i think in present time the majority of people who know about digital currency are using bitcoin. and the number of bitcoin users are increasing more that any other crypto currency of the world therefore bitcoin is the number one currency and will continue as number one currency of the world.

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Quote from: BitcoinBarrel on January 10, 2017, 04:36:51 PM

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

No other name will be as good.

reason bitcoin will always be 1 not just the tittle or name , but i think that function of bitcoin
bitcoin can help many people , in their income or buoght daily needs
many coin born but not be a rival of bitcoin

severaldetails

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Quote from: ASHLIUSZ on January 15, 2017, 11:23:29 AM

Quote from: HarryKPeters on January 15, 2017, 09:35:48 AM

At this moment there is no alt then can compete with bitcoin, ETH had a big potnetial but then they made a very big mistake by centralizing it after the hack.
But even then both in adoption and market cap they were a lot behind bitcoinn.

Agreed, No altcoin has got the capability to overcome bitcoin though all were running based upon the same technology that bitcoin is using. But till now bitcoin is found highly potential as well has reached lot of common people in a short period of around 8years. Continuing with the same growth bitcoin leads the digital currency network.

At the moment, bitcoin has the infrastructure to be a payment system, the other coins do not have. And that is what makes the other coins just an object of speculation.
For the future I don't know if bitcoin will be number one for ever.
I can imagine major companies like apple, google, or microsoft to invent a currency of their own. And such a currency would bring the infrastructure to function as a payment system along with it.
Hopefully they do not plan on inventing anything like that. I like my bitcoins.

ASHLIUSZ

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Quote from: HarryKPeters on January 15, 2017, 09:35:48 AM

At this moment there is no alt then can compete with bitcoin, ETH had a big potnetial but then they made a very big mistake by centralizing it after the hack.
But even then both in adoption and market cap they were a lot behind bitcoinn.

Agreed, No altcoin has got the capability to overcome bitcoin though all were running based upon the same technology that bitcoin is using. But till now bitcoin is found highly potential as well has reached lot of common people in a short period of around 8years. Continuing with the same growth bitcoin leads the digital currency network.

poetra2501

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Quote from: jeraldskie11 on January 15, 2017, 09:13:59 AM

Quote from: BitcoinBarrel on January 10, 2017, 04:36:51 PM

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

No other name will be as good.

Yes , your right. And also the reason why bitcoin always number 1. It has the biggest value of any crypto-currency in the world so that it has the best name. Bitcoin is the memorable also by beginner bitcoiner. And bitcoin is the number 1 cause it is only use payment by all of website that join in this community even in the investment company.

Right, I think, why Bitcoin is alwasy be Number 1, because the Bitcoin is like a "mother" from another coin in
Cryptocurrency world. Yeah, it mean that Bitcoin is the leader of altcoin, all of altcoin must be submit to the bitcoin.

ethereumhunter

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Quote from: abel1337 on January 15, 2017, 09:30:40 AM

For me the reason why bitcoin is number 1 because bitcoin is the king of cryptocurrency and no one will stood a chance to win in the fight of bitcoin. The gap of other cryptocurrency in bitcoin is very very far from bitcoin.

its hard to defeat bitcoin as the bitcoin is the mother of crypto currency beside that, we know that the price of bitcoin is in the top notch in crypto currency so if its compare with the altcoin, then its not possible to see that altcoin will have a chance to be the first.

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Quote from: JC btc on January 15, 2017, 08:01:24 AM

For me, the trust that built in bitcoin makes it the number 1 from now until forever. A lot of altcoins exists but no one exceeds the success the way bitcoin has reached right now. Therefore, I am stick to bitcoin whatever happens and will continue to invest with it and promote bitcoin with all my friends.

One more thing which you see is that only ETH is the one altcoin which tries to give some competition to bitcoin but its very low in value as compare to bitcoin. Unless we discover any big flaw in bitcoin and block chain technology, we can safely assume bitcoin to be always number 1 in digital currency.

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Quote from: JC btc on January 15, 2017, 08:01:24 AM

For me, the trust that built in bitcoin makes it the number 1 from now until forever. A lot of altcoins exists but no one exceeds the success the way bitcoin has reached right now. Therefore, I am stick to bitcoin whatever happens and will continue to invest with it and promote bitcoin with all my friends.

Well, from my perspective, people's trust in bitcoin only takes up a small part of why bitcoin is on the leading position. Because after those time when bitcoin's price plummeted dramatically and stay the same, trust is affected. And I assume that bitcoin is the first child in a bunch of cryptocurrencies, people usually think of bitcoin first and associate it with the term of crypto money. And that leads to bitcoin being the number 1, just my opinion Grin

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At this moment there is no alt then can compete with bitcoin, ETH had a big potnetial but then they made a very big mistake by centralizing it after the hack.
But even then both in adoption and market cap they were a lot behind bitcoinn.

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For me the reason why bitcoin is number 1 because bitcoin is the king of cryptocurrency and no one will stood a chance to win in the fight of bitcoin. The gap of other cryptocurrency in bitcoin is very very far from bitcoin.

jeraldskie11

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Quote from: BitcoinBarrel on January 10, 2017, 04:36:51 PM

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

No other name will be as good.

Yes , your right. And also the reason why bitcoin always number 1. It has the biggest value of any crypto-currency in the world so that it has the best name. Bitcoin is the memorable also by beginner bitcoiner. And bitcoin is the number 1 cause it is only use payment by all of website that join in this community even in the investment company.

Ironsides

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Also because nobody knows who is Satoshi Nakamoto and he never uses his bitcoins whereas alt's creators only think how to swindle hamsters and take their bitcoins away

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Quote from: Bitcotalk on January 10, 2017, 04:53:34 PM

I think it do not depend the name but it depend on the features and the trust on it. It is the first cryptocurrency coming to the internet and then people started to use it and then they knew that it is the most secure currency out of all other coins and so it is still No.1

It is not like that. Following your logic - every pioneer and first attempt of creating something should be the best and everything coming after would be inferior copy.
We clearly know that is is not the case: Facebook wasn't original social network and Google wasn't the first internet search engine and they are number 1 services today despite coming late to the table.

sabbirshm

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Quote from: BitcoinBarrel on January 10, 2017, 04:36:51 PM

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

No other name will be as good.

Bitcoin is the best of all crypto currency and no other coin can replace it because no altcoin can give facilities like bitcoin.Bitcoin has fast and untraceable transaction with low or free fees.Again bitcoin is a good investment area and bitcoin giving us many opportunity to earn money.

shamzblueworld

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Quote from: BitcoinBarrel on January 10, 2017, 04:36:51 PM

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

No but because it was the first one of its kind and all other who tried competing merely copied it. No one actually tried to enhance the technology or industry or gave it a go on revolutionizing it. So until something comes that will try to do such, bitcoin will remain number 1.

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