The Reason Bitcoin will always be #1 - page 7.

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Quote from: richardfisk on May 13, 2017, 11:13:12 AM

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Quote from: zohaibh on May 13, 2017, 02:22:10 AM

i think name is not a big reason. it is all about the value of bitcoin that how high its price. if there is another coin whose price will high than people follow that coin .

Yes it is not about the name of the coin that attracts people to invest because it is all about the features and the price and if the have that high price then it will attract a lot of attention from other people in the crypto world plus if its have a great features then people will surely follow that coin and buy some of that coin for investment.

Bitcoin made it to the top because of its potential and growing users, and as a trusted crypto currency because it is the first of its generation. years has passed but it still there and become more popular than before.

iF you look closely at the technology and see how everything runs in the couples of months, you will see that Bitcooin is not as potential as you think. More and more transactions are being unconfirmed and soon bitcoin will be replaced by another altcoinc

Yeah yeah same scamcoins crap

Bitcoin is the first coin and all the other coins are just slightly modified versions of bitcoin.
This means that if a shitcoinis a bit faster or any other feature there is nothing stopping bitcoin to also change it's confirmation time or block size or anything.

If an altcoin can copy bitcoin bitcoin can also copy an altcoin Wink

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k@suy

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Bitcoin will always be number 1, because it is already tested and reliable since it started. It has a large following already and a very active community. As of now it has market capital of $28,722,079,392 while XRP which comes second is only $9,305,262,879.

radjie

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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, I think bitcoin to be the best digital currency at the moment.
although many other cryptos who want to compete with bitcoin by creating an always interesting, bitcoin will remain a crypto best at the moment. even hoping to forever be a crypto No 1.

Dontme

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The reason why bitcoin will always be number 1 crypto-currency is that it is the most known crypto-currency and there is so many exchanger of bitcoin now and also there are already banks that recognizes bitcoin and really bitcoin can be used for many transactions.

White Christmas

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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.

there is other name that will be made of people someday maybe not now but im sure that they can think name that is more cool than bitcoin. and the reason why bitcoin is always number one because of its uses.

Xester

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Quote from: ninche on May 13, 2017, 05:51:30 AM

cause it is the first digital currency simply

Bitcoin being the first digital currency has its own benefits but it does not make bitcoin to be the number one cryptocurrency. It does not guarantee that even if it is the first cryptocurrency will make it the number one currency online. If there were no people supporting bitcoin then it could be replaced by other alternative coins online. The reason why bitcoin is number one is the trust of the people around it,

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Quote from: micher143 on May 15, 2017, 06:54:05 AM

Quote from: cryp24x on January 10, 2017, 04:49:43 PM

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 think people will always find a cooler name than bitcoin, but the reason why Bitcoin is number one because of being the pioneer of cryptocurrency and being adopted by majority of population of cryptocurrency. And that is also the reason why Bitcoin is almost the best name for cryptocurrency.

exactly, people are smart, they can always think another name that is more cool than bitcoin. I think the reason why bitcoin is number one because of its uses. it can converted in to other currencies that we have. and it helps a lot of people right now.

It was the first crypto currency that was love by the majority, the decentralization was a unique idea of bitcoin and nowadays there are some altcoins who just copy the original concept of bitcoin that is why it cannot be beaten and although there are some new ideas that people may think better than bitcoin, they cannot beat bitcoin easily because it has already build through time and people have put their money on it already, especially the whales.

micher143

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Quote from: cryp24x on January 10, 2017, 04:49:43 PM

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 think people will always find a cooler name than bitcoin, but the reason why Bitcoin is number one because of being the pioneer of cryptocurrency and being adopted by majority of population of cryptocurrency. And that is also the reason why Bitcoin is almost the best name for cryptocurrency.

exactly, people are smart, they can always think another name that is more cool than bitcoin. I think the reason why bitcoin is number one because of its uses. it can converted in to other currencies that we have. and it helps a lot of people right now.

ivanpoldark

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There is no practical reasons why bitcoin must always be the first. Of course it has a largest capitalization compare with altcoins. But even now bitcoin share reduces to its historical minimum of 50% аmong the total capitalization of the crypto-currencies.

Angel777

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Bitcoin is getting popular now.and it will be known to all nations.
I thinkit will be nimber 1 into all the world because bitcoin is converted to a real money.
And it will always be number 1 because many are patronizing botcoin.

Biggeorge

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Quote from: ninche on May 13, 2017, 05:51:30 AM

cause it is the first digital currency simply

yeah, I am agree with you. people always remember NO.1.

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The Reason Bitcoin will always be #1 because there are many reasons. It is globally used and demand is very high and many people believe on it.

Mpamaegbu

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Whenever I read threads like this, I try to remind people of the dwindling dominance of Bitcoin. Perhaps, people can always refer to this site http://coinmarketcap.com before stamping that Bitcoin will forever remember number one. In January this year, its dominance was almost 90% but this morning it stands at 53%. Yes I know the price stands at $1780 currently but has anyone considered the steady rise of Bytebal or other altcoins?

Owing to the high transaction fees of Bitcoin and the backlog of unconfirmed transactions, many users are already getting pissed. And this can hurt its usage and popularity sooner than expected.

infer

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Quote from: ninche on May 13, 2017, 05:51:30 AM

cause it is the first digital currency simply

That is correct. bitcoin is the first cryptocurrency and for that reason, it is now the number 1 crypto on the chart. But when time passes, more people will realize that Bitcoin is not as perfect as you think and they will start using another cryptocurrencyc

KennyR

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There is no special reason to have bitcoin always the best. In my opinion no other currencies have gained the potential same as bitcoin and have experienced such a growth in the short time period. To attain the same dollar took years and years. In the falling years too some alts might give hard competence but won't take the place of bitcoin.

erickkyut

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Quote from: Netnox on May 13, 2017, 12:46:27 PM

Quote from: ninche on May 13, 2017, 05:51:30 AM

cause it is the first digital currency simply

That is one of the reasons. Another reason is that Bitcoin was invented by someone who was not money minded. Unlike some of the other altcoins, there were no pre-mine and pump and dump.

What are you talking about? If the inventor of Bitcoin is not an open minded person, he cannot invest something as great as this. Also, there are pump and dump in the Bitcoin market. It's market is very volatile and always fluctuating.

Netnox

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Quote from: ninche on May 13, 2017, 05:51:30 AM

cause it is the first digital currency simply

That is one of the reasons. Another reason is that Bitcoin was invented by someone who was not money minded. Unlike some of the other altcoins, there were no pre-mine and pump and dump.

Alif Mahardika

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no one name is better than Bitcoin. Bitcoin will always be number 1, because bitcoin has a biggest community in the world.

Stedsm

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Bitcoin will be #1 because it has always revived itself from the worst situations and showed everyone that it can survive even in the most unpredictable market fluctuations and can become stable and prove itself to be the best performing asset among all the other competitors.

MingLee

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Quote from: ninche on May 13, 2017, 05:51:30 AM

cause it is the first digital currency simply

This is basically the right answer.
It all comes down to the community engagement and the community size, having both means you get a Bitcoin-like crypto, having one or the other with the other in smaller supply means you get something like LTC, DOGE or whatever. A larger community typically means that it will have more support across the board, and Bitcoin was first, so it gained the most recognition and grew before everything else had the time to develop.

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