Topic: Why bitcoin is the most dominant? - page 3. (Read 759 times)
I think bitcoin is the most dominant digital currency because bitcoin is the first digital currency to emerge, so it's popular in the community, but when viewed from 2017, bitcoin dominance is at 65%, but now only 36% means altcoin experiences a considerable increase
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.
I think why bitcoin is the dominant because The bitcoin is the first so popular and simple.
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 among all cryptocurrencies because obviously it is the pioneering, has the largest community, adoption, usage and legalization depending on every country. Altcoins are not that known by normal people they only heard of Bitcoin most especially here in my country. Bitcoin is the first tradable crypto into our local fiat currency here in my country and followed by Ethereum just recently. Popularity is one of the factors affecting the dominance of Bitcoin and it's value is just a bonus to it's supporters. Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
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 guarantor of all crypto projects, the bitcoin price can be equated to the level of power of attorney for the crypto industry and all projects on blockchain. Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
Why bitcoin is the most dominant among all crytocurrencies?
Is it because it is the first crytocurrency?
Yes. This is a given. Whoever or whatever came first usually dominates.Is it because it is the first crytocurrency?
Why bitcoin is the most dominant among all crytocurrencies?
Is it because of its popularity?
Yes. Since Bitcoin is the first, it's normal for it to gain popularity over the other currencies. Popularity brought about by media, community, and even governments.Is it because of its popularity?
Why bitcoin is the most dominant among all crytocurrencies?
Is it because of its value?
Yes. Due to the demand and supply ratio which led to Bitcoin's high market capitalization made it the top and dominant digicoin at present. I believe that the only time Bitcoin will be outthroned is when the last Bitcoin has been mined. Now that is still a pretty long time from now.Is it because of its value?
To me, Bitcoin has always been and will always be dominant in the near future UNLESS a new cryptocurrency will come by that has similar popularity brought about by its price BUT has something way better to offer in terms of transactions vis-a-vis transaction costs.
First thing I can think of when I try to elaborate on why Bitcoin remains king is because it pioneered the blockchain technology to which the world has gone crazy for. Second, it is undeniable that no cryptocurrency has ever come close in terms of its price that is more than enough to entice investors in general. Third, the appeal it has to the public has reached heights and dimensions that was once thought to be impossible brought about by governmental regulations. In other words, Bitcoin surpassed the usual- it clearly defied limits.
First thing I can think of when I try to elaborate on why Bitcoin remains king is because it pioneered the blockchain technology to which the world has gone crazy for. Second, it is undeniable that no cryptocurrency has ever come close in terms of its price that is more than enough to entice investors in general. Third, the appeal it has to the public has reached heights and dimensions that was once thought to be impossible brought about by governmental regulations. In other words, Bitcoin surpassed the usual- it clearly defied limits.
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.
it is because the total supply of bitcoin. it is very limited. moreover many peoples have lost their wallet.
the demands of bitcoin keep increased until now. this all causing bitcoin very dominant on coin value.
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.
it is because the total supply of bitcoin. it is very limited. moreover many peoples have lost their wallet.
the demands of bitcoin keep increased until now. this all causing bitcoin very dominant on coin value.
bitcoin was the first and it has gain trust over time. many investor also are engage in bitcoin. the most valuable coin right now in the market, so many people are interested to know about bitcoin market and could gain much much profit overtime. i think holding the coin for at least 2years could give us huge profit.
Why bitcoin is the most dominant among all crytocurrencies?
Is it because it is the first crytocurrency?
Well there is the advantage of being the first cryptocurrency. Bitcoin is the one who started it all and it is still retaining its position being in the first place. When you are the first one who did it even in other things then you have the first mover advantage.Is it because it is the first crytocurrency?
Is it because of its popularity?
Bitcoin is the most popular among all other cryptocurrencies because even some people who do not know about crypto industry knows about bitcoin and some even think that bitcoin is the only cryptocurrency. Some countries accept bitcoin but do not accept other cryptocurrencies that's why it has dominance compared to others.Is it because of its value?
When people see the value of bitcoin compared to others, it would immediately attract their attention and then people would want a piece of it. Its value rise from nothing to almost $20k so people have hopes that it would rise again and then surpass its all time high that's why it is popular and the value of it has an effect to the value of other altcoins.
Bitcoin has what is called the first-mover advantage, meaning being the first makes it the most recognizable and becomes a powerful advantage. Also it has a strong network effect due to being the first cryptocurrency.
the OP has already cited it all, and we all share the same reasons. due to its popularity, plenty of new investors are coming along the way, knowing also that it is a good investment for long term purposes, aside from it, plenty of people keep on trading it on daily basis which also makes its market alive for a certain reason, so aside from it many sprouting crypto tokens have been made with the same objective as the bitcoin but with different platforms.
Cause it's blockchain/online-gold and a trendsetter and not promising anything else, so no reason to wait for anything and since it's so old so many people are holding it, which is a process acceslerating itself....not even talking about the 2017 hype. 
Hard to imagine another single cryptocurrency becoming as dominant in the market - too many different concepts and long-term-ideas...with all included advantages and disadvantages.
Hard to imagine another single cryptocurrency becoming as dominant in the market - too many different concepts and long-term-ideas...with all included advantages and disadvantages.
Bitcoin has what is called the first-mover advantage, meaning being the first makes it the most recognizable and becomes a powerful advantage. Also it has a strong network effect due to being the first cryptocurrency.
Due to Bitcoin's Blockchain technology, transactions are anonymous and transacted globally at low rates and are the first platform on Blockchain technology.
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.
Because Bitcoin is the most popular virtual currency, it is because in developed countries have started legalize bitcoin as a legal transaction tool. hence bitcoin more widely known by people in the world finally many are interested in using bitcoin, so bitcoin dominate in market crypto.
for being the first digital currency
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.
Yes, one of the reason why bitcoin is the most dominant among all currency its because it is the first crypto currency made successful. A lot of coin are made after bitcoin and most of the coin are just relying to bitcoin. We know that bitcoin is the first currency became so popular and for sure a lot of people will use it. Bitcoin's price may change from time to time but we cant deny that it is the most dominant among all. Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
for being the first digital currency
I have the opinion of why the bitcoin is the most dominant, because bitcoin is a coin that is first in cryptocurrency and bitcoin now has a high price compared to all coins. now this bitcoin with a limited amount and has good potential I think it will still continue to run and become a good coin.
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