Topic: Why bitcoin is the most dominant? - page 2. (Read 759 times)
All of them. No doubt, Bitcoin was first invented and the technology came into market first. The most trusted and secured cryptocurrency is Bitcoin, as it is the father of may evolved cryptocuurencies as their prices are either in the form of Bitcoin or fiat currency
Bitcoin was the first ever crypto currency and henceforth the most common digital currency. A big advantage of these kind of currencies is that the code can be enhanced to improve the functionality so there is no need for an other coin to replace bitcoin.
Why bitcoin is the most dominant among all crytocurrencies?
Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
In my opinion, because bitcoin is the first cryptocurrency to ve ever created, and the length of how long bitcoin has been going on in the market, it has accumulated a lot of investors and users through the years. Making it increase in value time after time, increase in popularity as well, and now, a massive increase in its value that made the internet go crazy for bitcoin.Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
It's simple, it was the first acceptable crypto currency. It reminded me of Facebook. And not only because he was the first, but also because he has a large number of shortcomings (technical).
Bitcoin is the first cryptocurrency we can know and only bitcoin at that time is well known. I also know first the cryptocurrency is bitcoin. And the more famous eventually bitcoin becomes dominant in addition to other coins.
Why bitcoin is the most dominant among all crytocurrencies?
Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
Bitcoin is the most dominant cryptocurrency due to all the reasons you listed. It has the first movers advantage, it is the most popular currency world wide and anyone who knows anything about the crypto markets know about Bitcoin, Bitcoin has the highest market cap and also Bitcoin is the main entry and exit point into the crypto world. Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
Well, from all indications, Bitcoin currently as number 1 currency is being traded by virtually all centralized exchanges and has the longest track record of security.
It can be used to buy and sell goods and services in the real world and as such will be so difficult to be placed in second position.
It can be used to buy and sell goods and services in the real world and as such will be so difficult to be placed in second position.
bitcoin is more dominant than other coins because, bitcoin is more popular and has gained the trust of many people, in terms of price alone bitcoin is much better than other coins, it makes a lot of people want to invest with bitcoin compared to other coins and in the hope of generating more profit.
Why bitcoin is the most dominant among all crytocurrencies?
Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
there are many factors that make bitcoin the most dominant.
which definitely bitcoin can not be set by company or government like other crytocurrency that has team and developer. one simple example
The reason why Bitcoin is the most dominant is because is the mother of all cryptocurrency and alternate coins
Why bitcoin is the most dominant among all crytocurrencies?
Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
yes right, bitcoin is the most dominant coin because it is very popular cryptocurrency.
most peoples will know if you ask them about bitcoin. try ask about altcoin.
Bitcoin is dominant because of its high value. Government from many country may have hard time in tracing and adding of taxes in every transactions made. Bitcoin is safe with a secured application. Bitcoin is fast in investing, in paying, in trading etc.
A good opinion and I like your opinion.It is true that bitcoin is very dominant in investing as well as transactions and fast in terms of payment so bitcoin can control many countries to use bitcoin.
Because BTC is first and growth of popularity during last years.
bitcoin is the most dominant among all cryptocurrencies, this is because bitcoin is the first time ico is made, and as you say, bitcoin popularity is very good in the public eye, many people are interested because the price is very expensive and very suitable for long-term investment
I agree since it is the very first cryptocurrency to be introduced I think it would be normal for bitcoin to dominate the market as it has become the vanguard of cryptocurrency to the world. People have set their expectations to other cryptocurrencies based on bitcoin and its characteristics making it the most ideal cryptocurrency in the market.
Bitcoin dominates the cryptocurrency market because it is made the earliest and is supported by increasingly modern blockchain technology. It comes to the cryptocurrency market that everyone knows bitcoin and bitcoin as a coin representative on the cryptocurrency market.
For me, i think its because bitcoin is the first cryptocurrency where it has many investors, traders and participants. Bitcoin has been successful path so many investors are interested on it and it is very suitable for long-term investment.
I agreed that bitcoin is the most dominant among all cryptocurrencies now, I think it is all because bitcoin is the first cryptocurrency where it has many participants, investors and traders who used bitcoin to earn profit. Also, because of how popular bitcoin today and the value is increasing compare to fiat.
bitcoin is dominant because it is the most known cryptocurrency coin by peoples.
just ask your neighbor about bitcoin, they must have heard it some where. but altcoin, they will say dont know about that.
just ask your neighbor about bitcoin, they must have heard it some where. but altcoin, they will say dont know about that.
Why bitcoin is the most dominant?
Simply because it was the first crypto currency that was in a successful path..
Why bitcoin is the most dominant among all crytocurrencies?
Because its the first cryptocurrency to gain social acceptance throughout the world.
Simply because it was the first crypto currency that was in a successful path..
Why bitcoin is the most dominant among all crytocurrencies?
Because its the first cryptocurrency to gain social acceptance throughout the world.
Have read through the responses and this one is probably the closest one imho.
The "war" for dominance is and will be a protocol war. Not a design war. Not a functionality war.
Newer ones will surface which are prettier (design) and faster (functionality), they may be added as medium of exchanges. But they will not replace BITCOIN as the main driver in crypto value.
The network (people, developers, miners) has already chosen Bitcoin. This is the one that will remain the bedrock protocol, no matter how crummy and ineffective it may seem in 10 years.
Compare it to TCP/IP or SMTP protocols. They are not the best solutions for information transfer, but they were adopted and chosen as the bedrock. The industry then gives up looking for alternatives and starts producing based on the consensus. All additional layers are added on top.
Other comparisons are:
-VCR vs BETA
-DVD vs Laserdisk
-Cassette vs 8-track
Summary:
The consensus is finished. This was a protocol war, and Bitcoin has already won (as a store of value)
the points you mentioned are all correct regarding the dominance of btc and another fact would be the media because anytime they mention the crypto world they do say btc where btc become the most popular one among the newcomers as well.
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