Topic: What made 'Bitcoin' the Bitcoin it is today? - page 4. (Read 2406 times)
Well it was the first cryptocurrency, which grabbed many people's attention, and is why it is so successful
This is due to massive support received by bitcoin since inception, although bitcoin started slowly but presently bitcoin is gaining more and more popularity and adoption in many countries making it one of the best cryptocurrency and the fact it is decentralized currency and being used as a means of payment makes bitcoin to be were it is today.
yes i agree it is all about how everybody support using it in the internet based technology .because as if today the bitcoin is now verry valuable that is why ita price is more higher if we compair it in the past 3 years from now.we the supporters of bitcoin make bitcoin as it is today. 
Thre big advanatage o bitcoin is the fact that it was first cryptocurrency introduced. But if didn't have users support there wouldn't be success. People realised that bitcoin gives great opportunities to make profit, to use it as a payment method, as an investment, to move from the banks and governements and that the value is rising. That all contributed for bitcoin to become what it is now. I think that still in early stage people realised that bitocin is inevitable future and that was the beginning of the success.
Well it has goods but sometimes btc has also its bad effect. Not the btc itself is bad but depends on who and how people will use it. But generally it helped a lot of people everywhere in the globe. I for one admit that my life has changed when i discovered btc. Sometimes only the big traders are still becoming rich and small time traders tend to have just small profits over the time. But i guess everyone is free to do whatever strategy to become also a rich bitcoiner.
What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?
Bitcoin is very successful today but it has faced lot of ups and down during its journey over the years. People liked the idea of decentralized currency and its innovative features. More and more people have started to trust and invest into the bitcoins; as the bitcoins are gaining trust and popularity, its price is increasing by each passing day.
What made Bitcoin so successful I think is the awakening of people about the truth that our existing money system is a big scam. People are starting to realize that bitcoin can be a solution with this problem.
I think the main factor that makes btc today is the increase in the number of people who know and use btc. As a result, the demand for btc will increase and the price will increase. Bitcoin is the first digital currency that people know and is accepted by people as the main currency in their transactions, so the altcoins can not pass the btc.
Well it is the first crypto currency and whole popularity of crypto currency revolve around Bitcoin therefore it has became famous.Bitcoin's technology of block chain is one of the reasons why it is on top and is still not defeated by any other crpyto currency.Also that it is the first decentralised coin and it anonymity has got many people to use bitcoin.It is very secure coin.And seeing at that current price spike, I think it remain at top for decades.
Generally, I see two reasons for this: 1) It is the first cryptocurrency, thus most of the popularity is concentrated around it. 2) Bitcoin belongs to the community, but not a single person. The power is not concentrated in someone's hands. Ideologically, Bitcoin is more decentralized than any other currency.
The only Bitcoin is a coin that has not yet been decentralized after birth.Because it is being managed by an expert developer.If people did not like Bitcoin, they would have died.Along with that, Bitcoin has been completely successful.So what do you say?
People loved the idea of being able to buy and sell products without control from government, freely and safely. we do not want big brother watching all of us. Interest from people boosted the popularity of bitcoin. Besides, it is an outcome of technological development.
What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?
Main reason for bitcoin's success was that satoshi had a clear vision to save people from the banking sector.So,he tried to create a system in whiich money could be sent through electronic cash as P2P without indulging banks and he succeeded in it.The remarkable blockchain system in which bitcoin functions is also a main reason for bitcoin's today's position.Block chain assured secure transactions and by this way,bitcoin working in that system also becomes secure.But altcoins are mostly created by devs to just earn quick cash.Other than that,they have no motto.Also,bitcoin has provided all the necessary features already needed for today.So,there is no room for altcoins to come and say that they would deliver new essential features not found in bitcoin.The high transaction fee problem in bitcoin also has been almost solved by activation of segwit.So,the altcoins have even lost their last ground of offering low transaction fee and quick transactions.By,this way,bitcoin has made its position strong today. Thre big advanatage o bitcoin is the fact that it was first cryptocurrency introduced. But if didn't have users support there wouldn't be success. People realised that bitcoin gives great opportunities to make profit, to use it as a payment method, as an investment, to move from the banks and governements and that the value is rising. That all contributed for bitcoin to become what it is now. I think that still in early stage people realised that bitocin is inevitable future and that was the beginning of the success.
Well it has goods but sometimes btc has also its bad effect. Not the btc itself is bad but depends on who and how people will use it. But generally it helped a lot of people everywhere in the globe. I for one admit that my life has changed when i discovered btc. Sometimes only the big traders are still becoming rich and small time traders tend to have just small profits over the time. But i guess everyone is free to do whatever strategy to become also a rich bitcoiner.
There are reasons such as :
1. Bitcoin have biggest community and some of them are loyal.
2. Bitcoin is the first decentralized currency, few people tried this in past, but ended failure or stopped by government.
3. Bitcoin development involved lots of experienced/many developers while other altcoin simply clone/modify bitcoin/altcoin source codes.
4. Bitcoin is actively developed even though in few years it's stuck due to different ideas to upgrade bitcoin a.k.a drama.
5. Many merchants accept bitcoin if you compare it with merchants who accept altcoin.
1. Bitcoin have biggest community and some of them are loyal.
2. Bitcoin is the first decentralized currency, few people tried this in past, but ended failure or stopped by government.
3. Bitcoin development involved lots of experienced/many developers while other altcoin simply clone/modify bitcoin/altcoin source codes.
4. Bitcoin is actively developed even though in few years it's stuck due to different ideas to upgrade bitcoin a.k.a drama.
5. Many merchants accept bitcoin if you compare it with merchants who accept altcoin.
There are lots of reasons why is it up until today, just thinking only on those benefits we are currently gaining up until now, it is already enough that we are already using it. As we can see also, bitcoin is the father or the first decentralized crypto currency, which allows us to do international transactions and many more. Many sprouting alt coins that have better features than bitcoin, but still nothing beats the genuine one.
Bitcoin today is what it is right now is because of its supporters. And also the supply and demand of the bitcoin. The supply which is the most relevant of the bitcoin's price hike. And the supply and demand of bitcoin is connected to its supporters. If the people stops supporting bitcoin and probably bitcoin might die. And also, thank Satoshi Nakamoto for this masterpiece.
All credit goes to early investors. If they hadn't shown any interest in Bitcoin and its future, all the dreams of Satoshi Nakamoto would have withered away. This world wouldn't have known a decentralized monetary system.
the thing that made bitcoins this much successful toay are
> there are many people people supporting bitcoins and a very big community that always stands for it , bitcoins are used by thousands of people across the globe for online tranactions .
> bitcoinsa are a digital crytocurrency that has a decentralised nature , this decentrakised nature makes it more strong and safe , it ensures that no single person controls it.
> bitcoins have a fluctuating value. this feature of BTC is used by many people to make a big profit , a man with great rading skills , experience and good knowledge about the fluctuating value can make profit out of it.
> the value of bitcoin:- the value of bitcoins is so high as compared to other currencies that it itself attracts many people to start using bitcoins.
> there are many people people supporting bitcoins and a very big community that always stands for it , bitcoins are used by thousands of people across the globe for online tranactions .
> bitcoinsa are a digital crytocurrency that has a decentralised nature , this decentrakised nature makes it more strong and safe , it ensures that no single person controls it.
> bitcoins have a fluctuating value. this feature of BTC is used by many people to make a big profit , a man with great rading skills , experience and good knowledge about the fluctuating value can make profit out of it.
> the value of bitcoin:- the value of bitcoins is so high as compared to other currencies that it itself attracts many people to start using bitcoins.
What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?
Bitcoin is successful because it has been tested for many years and there is huge community that supports bitcoin. Demand is high because bitcoin is accepted in thousands of stores worldwide and due to limited supply price of bitcoin will keep on increasing that's why many are buying bitcoin as digital gold. There is no any altcoins can defeat bitcoin because it will be hard for them to create similar demand and community support like bitcoin already have.
What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?
the reason why no altcoin has so far "defeated" bitcoin is mostly because none of them are doing what bitcoin (a decentralized cryptocurrency) is doing any better.
there are many innovations and many altcoins copy of these innovations, but none of them have yet been able to fix any real problems and achieve the real adoption in the real world. they all exist on exchanges and are treated as a virtual thing with no real world usage so far.
It’s because of the advantages of it. And also it is because of the user or the people who trust the potential of bitcoin are increasing and still growing. Bitcoin is still reliable and never broke the trust of the users about it’s anonymity. i think it is also because of the investors who continuously support bitcoin.
it was thanks to those people that continue to support bitcoin and believe it its potential as crytocurrency that we now have bitcoin
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