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Topic: The Reason Bitcoin will always be #1 - page 43. (Read 41515 times)

hero member
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January 14, 2017, 12:35:52 PM
#81
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

That is a lame reason. Monero, and Litecoin are just as good names. But the name never matters, what matters is the usability and demand.

Western Union is a pretty bad name, but still many people use it.
Definitely. Even if you're having a company which has an ugly name but if you're really good on branding and then make the name of your company popular then people will automatically know it and think that the company's name is really good. It's just how the popularity works because of advertising and many factors that can make people always remember the name. Even though, selecting a good name will help to improve the rate of success on branding

Well yes its pretty subjective, however as a rule of thumb, simple and descriptive names catch on better:

Bitcoin, Facebook, Euro , Citi Bank, these are all good brand names, because they are descriptive and pretty simple to use.

No wonder they have all been succesful so far.
I am on the business area from more than four years and I have saw a number of businesses and projects with more attractive names but they are not alive till now the reason is that the developers/owners of that projects were not much expert, intelligent or active to give support to their brands. The reason of the success of your mentioned brands are the hard works of the owners.

Yes I didnt said that all brands will be automatically succesful just for the name alone, but a good name adds some advantages.

It's easier for consumers to memorize a simple, spot on, descriptive brand name, than something that is abstract, long, hard to pronounce, or it doesn't rhyme.

All advertisements usually teaches you the brand name by making the ad more rhyming.

I can see BTC ads on the TV showing ads where a music is playing and some catchy rhyming slogan is told to the watchers.

But if you have a shitty ad that is boring, then it will be less succesful.

You can also see that most corporations that a holdings, usually only advertise one of their subsidiaries that have a  good brand, while not focusing on the parent company because their name is too hard to pronounce. Or they just focus on one of their trademarks.
hero member
Activity: 966
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January 14, 2017, 11:15:05 AM
#80
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

That is a lame reason. Monero, and Litecoin are just as good names. But the name never matters, what matters is the usability and demand.

Western Union is a pretty bad name, but still many people use it.
Definitely. Even if you're having a company which has an ugly name but if you're really good on branding and then make the name of your company popular then people will automatically know it and think that the company's name is really good. It's just how the popularity works because of advertising and many factors that can make people always remember the name. Even though, selecting a good name will help to improve the rate of success on branding

Well yes its pretty subjective, however as a rule of thumb, simple and descriptive names catch on better:

Bitcoin, Facebook, Euro , Citi Bank, these are all good brand names, because they are descriptive and pretty simple to use.

No wonder they have all been succesful so far.
I am on the business area from more than four years and I have saw a number of businesses and projects with more attractive names but they are not alive till now the reason is that the developers/owners of that projects were not much expert, intelligent or active to give support to their brands. The reason of the success of your mentioned brands are the hard works of the owners.
copper member
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January 14, 2017, 10:59:04 AM
#79
Bitcoin is best name for cryptocurrency just because all other cryptocurrencies are derived from bitcoin and we can say that bitcoin is pioneer of other online currencies. And also for their importance in the online market, bitcoin is accepted as a central currency in online market and now people trust bitcoin more than other cryptocurrencies.
legendary
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January 14, 2017, 10:47:04 AM
#78
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

That is a lame reason. Monero, and Litecoin are just as good names. But the name never matters, what matters is the usability and demand.

Western Union is a pretty bad name, but still many people use it.
Definitely. Even if you're having a company which has an ugly name but if you're really good on branding and then make the name of your company popular then people will automatically know it and think that the company's name is really good. It's just how the popularity works because of advertising and many factors that can make people always remember the name. Even though, selecting a good name will help to improve the rate of success on branding
Then satoshi got the best name since Bitcoin is already famous now and i agree with you giving names would really give impact into a particular thing because if people would able to hear it they would definitely give some comments and if it hears too ugly then they will definitely not pay attention to it and hearing the word Bitcoin it does really give me interest to engage into it.

This all comments on name you are telling because Bitcoin price is rising and gave all of them nice income to earn now if bitcoin fells down back ot $100 then every one will start to accuse the Bitcoin in whatever way they can. Every thing have their own means, the main reason of Bitcoin will always be #1 is due to the technology which is free to use by all of them and it cannot be manipulated by any developer , just like other coins which are developed by a developer and he have the core to manipulate the coin or just like that leave it and dont develop anything and it will die
If bitcoin fell to 100 it would not be bitcoin fault, the ones at fault will be speculators or governments trying to crash bitcoin for their benefit, but don't worry seeing that price again seems to be very unlikely.
It would be very unlikely for bitcoin to crash its price that low and when that time comes then there might be a new crypto that would replace bitcoin for sure but i dont think this thing will happen too early because seeing on bitcoin achievements and progress there still many potential things would happen on the long run.
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January 14, 2017, 10:02:25 AM
#77
Bitcoin will be numero uno, but not just cause of the name. There was a thread about the name ( I couldn`t find it ) and I remember most us said that bitcoin is unique name and probably best one, there was a bunch of other suggestions but non of them was even close to bitcoin. There is other altcoins but there isn`t alt with sound name like bitcoin is.
legendary
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January 14, 2017, 09:30:48 AM
#76
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.
I don't know but if something is popular then it's name obviously will looks cool, like facebook, amazon, ebay, nike and other popular brand out there.
However beside that, bitcoin is the first decentralized currency in this world that's why people like it especially for those who want to buy something on internet privately i think it makes bitcoin will always be number one. Also technology behind bitcoin the blockchain makes bitcoin covered on some popular website and being the top of the popular technology in this year like lifehacks.
copper member
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January 14, 2017, 08:17:23 AM
#75
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

What about "ByteCoin?" If BitCoin is a good name, then "ByteCoin" must be 8 times as good.

Smiley

Lol, I bet megabytecoin would be exaggerated.  anyway i agree that it is the usage and adoption that makes this Bitcoin number one.  Aside from the fact that bitcoin became more popular because of it being controversial.  The first that go against the regular/traditional financial system.
hero member
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January 14, 2017, 08:09:49 AM
#74
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

that is what I think too. we just do not find cooler name than bitcoin yet.

beside that, bitcoin is still number one because it is profitable and being legal in a few countries. so people prefer to use bitcoin than another cryptocurrency.
member
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Bitcoin unionhead who's neglecting fiat :)
January 12, 2017, 02:44:08 PM
#73
I'm very glad to hear that. Those are really some good news, for all of us who use it. Slowly it will be recognized the value of BTC and more and more people will start using it Smiley
hero member
Activity: 2884
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January 12, 2017, 01:10:02 PM
#72
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

That is a lame reason. Monero, and Litecoin are just as good names. But the name never matters, what matters is the usability and demand.

Western Union is a pretty bad name, but still many people use it.
Definitely. Even if you're having a company which has an ugly name but if you're really good on branding and then make the name of your company popular then people will automatically know it and think that the company's name is really good. It's just how the popularity works because of advertising and many factors that can make people always remember the name. Even though, selecting a good name will help to improve the rate of success on branding
Then satoshi got the best name since Bitcoin is already famous now and i agree with you giving names would really give impact into a particular thing because if people would able to hear it they would definitely give some comments and if it hears too ugly then they will definitely not pay attention to it and hearing the word Bitcoin it does really give me interest to engage into it.

This all comments on name you are telling because Bitcoin price is rising and gave all of them nice income to earn now if bitcoin fells down back ot $100 then every one will start to accuse the Bitcoin in whatever way they can. Every thing have their own means, the main reason of Bitcoin will always be #1 is due to the technology which is free to use by all of them and it cannot be manipulated by any developer , just like other coins which are developed by a developer and he have the core to manipulate the coin or just like that leave it and dont develop anything and it will die
If bitcoin fell to 100 it would not be bitcoin fault, the ones at fault will be speculators or governments trying to crash bitcoin for their benefit, but don't worry seeing that price again seems to be very unlikely.
copper member
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January 12, 2017, 10:20:36 AM
#71
The name is indeed very unique but its still one of the best cause of it's features and how it works. It's easily outperforming paper note and has a new store of value with better way of transaction compared to traditional money system.
hero member
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January 12, 2017, 09:42:53 AM
#70
Basically Bitcoin is a pioneer of cryptocurrencies, so Bitcoin have already made milestone in history of the century. Bitcoin have lots of advantages and features which have already made Bitcoin unique.

Second important thing about Bitcoin is bitcoin is a master currency of Crypto market. Each new launching cryptocurrencies evaluated in Bitcoins.
hero member
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Merit: 502
January 12, 2017, 09:40:06 AM
#69
have you seen current bitcoin price? I am beginning to thing that bitcoin will be number 1 cryptocurrency until Chinese government decide to destroy it.
China banning bitcoin to keep their rule over people's wealth will be probably the end of bitcoin dominance.
newbie
Activity: 28
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January 12, 2017, 09:30:58 AM
#68
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

What about "ByteCoin?" If BitCoin is a good name, then "ByteCoin" must be 8 times as good.

Smiley
sr. member
Activity: 378
Merit: 250
January 12, 2017, 09:27:39 AM
#67
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

I think the reason why bitcoin is leading in the crypto currency it is because bitcoin build and established a big community in this industry that's why none of the altcoins can't increase their value as bitcoin has now.
yes i think the main reason is that the users of bitcoin are more than any other currency of the world. as in modern world the people are now using online shopping and they are mostly sticky to internet therefore bitcoin is the best option with them to use it for online services.
full member
Activity: 154
Merit: 100
January 12, 2017, 09:20:10 AM
#66
Amazing, after the presence of bitcoin, to create a payment system, especially the Internet becomes easier. Once people have struggled to create an account to send and receive payments, but after bisa, in just 10 minutes can make a wallet and use it for transactions.
hero member
Activity: 798
Merit: 506
January 12, 2017, 09:06:28 AM
#65
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

A little bit of history : In November 2008, Mr. S. Nakamoto was posted a paper on the internet titled bitcoin: A Peer-to-Peer Electronic Cash System.
So, it's the inverter that called it bitcoin in the first place. We should appreciate it.
But, the reasons why bitcoin will always be #1 not because the name, right.
All of users that have faith in bitcoin make it be#1.
hero member
Activity: 1260
Merit: 524
January 12, 2017, 09:01:32 AM
#64
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

That is a lame reason. Monero, and Litecoin are just as good names. But the name never matters, what matters is the usability and demand.

Western Union is a pretty bad name, but still many people use it.
Definitely. Even if you're having a company which has an ugly name but if you're really good on branding and then make the name of your company popular then people will automatically know it and think that the company's name is really good. It's just how the popularity works because of advertising and many factors that can make people always remember the name. Even though, selecting a good name will help to improve the rate of success on branding
Then satoshi got the best name since Bitcoin is already famous now and i agree with you giving names would really give impact into a particular thing because if people would able to hear it they would definitely give some comments and if it hears too ugly then they will definitely not pay attention to it and hearing the word Bitcoin it does really give me interest to engage into it.

This all comments on name you are telling because Bitcoin price is rising and gave all of them nice income to earn now if bitcoin fells down back ot $100 then every one will start to accuse the Bitcoin in whatever way they can. Every thing have their own means, the main reason of Bitcoin will always be #1 is due to the technology which is free to use by all of them and it cannot be manipulated by any developer , just like other coins which are developed by a developer and he have the core to manipulate the coin or just like that leave it and dont develop anything and it will die
legendary
Activity: 3038
Merit: 1169
January 12, 2017, 08:57:17 AM
#63
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

Well you can say it is the father of Cryptocurrencies the innovation that bitcoin give to every users was simply amazing and if people would think about Online Money, Cryptocurrency, Altcoins all will think about Bitcoin first and I think that it has made a far outreach to other countries too and bank has been manifesting bitcoin through it security purposed that is why it is still number 1!
hero member
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JAYCE DESIGNS - http://bit.ly/1tmgIwK
January 12, 2017, 08:54:16 AM
#62
Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

That is a lame reason. Monero, and Litecoin are just as good names. But the name never matters, what matters is the usability and demand.

Western Union is a pretty bad name, but still many people use it.
Definitely. Even if you're having a company which has an ugly name but if you're really good on branding and then make the name of your company popular then people will automatically know it and think that the company's name is really good. It's just how the popularity works because of advertising and many factors that can make people always remember the name. Even though, selecting a good name will help to improve the rate of success on branding

Well yes its pretty subjective, however as a rule of thumb, simple and descriptive names catch on better:

Bitcoin, Facebook, Euro , Citi Bank, these are all good brand names, because they are descriptive and pretty simple to use.

No wonder they have all been succesful so far.
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