In terms of store of value, security, and privacy, Bitcoin do have a good track record, resilient/robust system. Bitcoin as a tool for freedom from globalist control, this is happening at a very small scale. We have seen people belonging to repressed hyperinflated economies turning to Bitcoin. IMO Bitcoin is being treated as a speculative asset by those who don't see Bitcoin's potential value as an alternative to the fiat system. Convenient medium of exchange, this is where Bitcoin is lacking now. If Bitcoin needs to go mainstream then it would need to have more user-friendly applications. Bitcoin can be a store of value/safe haven asset in times of financial crisis, but is Bitcoin going mainstream dependent on such events? No. Bitcoin being a decentralized, permissionless, censorship resistance global system has something to offer to everybody. Speculators who are in for the quick buck see Bitcoin only as a tool to boost their earnings so apart from the money factor there needs to be something for them to use Bitcoin, something that the existing technologies/products aren't offering.
I opt for freedom from globalist control and that can be only achieved through all the above factors.
Topic: What do you mean when you say Bitcoin is number 1 - page 63. (Read 4321 times)
We are entering an era of multiple digital currencies, and many of them will survive. Bitcoin is certain to be one of them, but it can't be number one for every factor. Where do you think Bitcoin will stay as number 1
Above All That was all I know. Bitcoin is number 1 because it is store of value, it is services in addition to simply money transfer and etc. - Store of value
- Services in addition to simple money transfer
- Convenience
- Security
- Investment/speculation
- Safe transfer speed
- Privacy
- Freedom from globalist control
- Other
We are entering an era of multiple digital currencies, and many of them will survive. Bitcoin is certain to be one of them, but it can't be number one for every factor. Where do you think Bitcoin will stay as number 1
- Store of value
- Services in addition to simple money transfer
- Convenience
- Security
- Investment/speculation
- Safe transfer speed
- Privacy
- Freedom from globalist control
- Other
Bitcoin for me is number one since it is only bitcoin that has a fiat exchanger all over the world. Also bitcoin is the only cryptocurrency that is used to purchase or trade with all other altcoins. Though Ethereum, Monero, Doge, Litecon and Dash can be used but there are exchanges that only accepts bitcoin and none other.
I dont so detail like you said above. I siad bitcoin is number just because its popularity and value so high.
I also said that because the marketcap of bitcoin is in the top.
I also said that because the marketcap of bitcoin is in the top.
We are entering an era of multiple digital currencies, and many of them will survive. Bitcoin is certain to be one of them, but it can't be number one for every factor. Where do you think Bitcoin will stay as number 1
For my own opinion,Bitcoin is the number 1 in terms of Store of Value,Services in money transfer,Convenience,Security,Investment and etc because all of these things are contained in bitcoin.We all know that bitcoin is most popular when it comes in investment and etc.So people will choose the most popular cryptocurrency so bitcoin become number 1. - Store of value
- Services in addition to simple money transfer
- Convenience
- Security
- Investment/speculation
- Safe transfer speed
- Privacy
- Freedom from globalist control
- Other
We are entering an era of multiple digital currencies, and many of them will survive. Bitcoin is certain to be one of them, but it can't be number one for every factor. Where do you think Bitcoin will stay as number 1
- Store of value
- Services in addition to simple money transfer
- Convenience
- Security
- Investment/speculation
- Safe transfer speed
- Privacy
- Freedom from globalist control
- Other
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