Topic: Why bitcoin is the most dominant? - page 6. (Read 760 times)
As it is the one that moved on the successful track even when more and more digital assets have got into existence prior to bitcoin. Slowly it started to progress and begun it usage multipurpose. At the beginning it served just as a value storage token used into gambling and other illegal activities. This has lead to the dominance.
Bitcoin's dominance of the entire cryptocurrency market is at its lowest level ever.
Bitcoin hit a record high of $19,783.21 in December before plunging, but still rallied by over 1,300 percent in 2017.
The fall in bitcoin's supremacy is due to the rise of other cryptocurrencies such as ethereum and ripple.
Bitcoin hit a record high of $19,783.21 in December before plunging, but still rallied by over 1,300 percent in 2017.
The fall in bitcoin's supremacy is due to the rise of other cryptocurrencies such as ethereum and ripple.
Bitcoin is the most dominant among other crypto currencies because it is the first crypto currency started in the year 2009.By understanding the characteristics of bitcoin and knowing the usability of the it, the computer oriented educated mass turned towards the bitcoin and hence its popularity has increased. Bitcoin could achieve the market confidence so many people are attracted to it for their business. Bitcoins market capital is very high comparing with other crypto currencies also its daily trading volumes are comparatively high with other coins in the market.So bitcoin is dominating in the market.
Bitcoin is the most dominant digital currency since it is the most expensive and the first digital currency on the market. Bitcoin made a lot of people rich and a lot of people hoping to be on so they are supporting this digital currency making it the most dominant one.
For me Bitcoin is the most dominant cryptocurrency because of each longevity of existence and its blockchain technology which new tech developer are very resourceful. Many people having job opportunity through Bitcoin and earn more profits.
Bitcoin is the most dominant digital currency since it is the most expensive and the first digital currency on the market. Bitcoin made a lot of people rich and a lot of people hoping to be on so they are supporting this digital currency making it the most dominant one.
The most important feature of Cryptocurrencies are decentralization and anonymity. This is not only bitcoin has these advantages. There are many other coins better than bitcoin if you consider the transaction time and fees. So I think the popularity of bitcoin is the only reason.
I think Bitcoin will remain the dominant cryptocurrency for a very Long time it is because networks effects are really powerful at scale. Bitcoin is not static it is constantly improving, a fork off Bitcoin starts off much larger than a new cryptocurrency. In crypto there is no IP this is why Bitcoin won't end up like yahoo.
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.
What you've said above are some of the reasons why it is the most dominant cryptocurrency of all cryptos. Being the first cryptocurreny to be invented and launch gives it great advantage to be popular and well known and to lead the market. Also because of being the first crypto, it is the first coin to have great value/price for the reason that people thinks that it has the great potential leading the market. Also its feature of being decentralized is another advantage of bitcoin. These are only few of some more things that makes bitcoin to be the most dominant among all cryptos.
A more apt analogy is to compare crypto currencies with fiat currencies.You can compare and use Dollars,Euros,Rubles,Pesos... having choices of these currencies doesn't necessarily devalue the others.Instead,the price fluctuations between a basket of currencies provides risk stabilization and hedging opportunities.In the same way having a variety of fiat currencies actually stabilizes the fiat market,numerous crypto currencies steadies the digital money market.
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.
It's the most dominant currency because of its sustainability for such a long period of time despite the critical situations it has faced over the past years. 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.
Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
The 2nd and 3rd question is right. Bitcoin was the first coin introduced in the market and believed to be the pioneer of the innovation. It gained popularity afterwards because of its function to be used as an alternative for transactions.
The question of being the current best, is now in question.
right about that and because of its popularity, bitcoin are more accepted in some stores/ shops. Ethereum also rises to competetion as it now starts to be used by several purchasing apps.
Bitcoin is the first Cryptocurrency after Ethereum, so it is only natural that Bitcoin is the most dominant and has a very high popularity.
of the value in the market price alone we can already see, if Bitcoin is still a market with the highest value after Ethereum.
So, in my opinion, Bitcoin will remain the first and most popular of its competitors.
of the value in the market price alone we can already see, if Bitcoin is still a market with the highest value after Ethereum.
So, in my opinion, Bitcoin will remain the first and most popular of its competitors.
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.
many advantages of bitcoin, it is simple and secure. it cannot be compared by another crypto. Bitcoin is so popular and the king of crypto.
Bitcoin is the predominant digital currency today. Because bitcoin has high security. Bitcoins are trusted by many and invested in. Many countries like Japan, Korea are creating the best conditions for bitcoin activities. They want to make bitcoin an international currency.
The most important feature of Cryptocurrencies are decentralization and anonymity. This is not only bitcoin has these advantages. There are many other coins better than bitcoin if you consider the transaction time and fees. So I think the popularity of bitcoin is the only reason.
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.
The 2nd and 3rd question is right. Bitcoin was the first coin introduced in the market and believed to be the pioneer of the innovation. It gained popularity afterwards because of its function to be used as an alternative for transactions.
The question of being the current best, is now in question.
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.
actually bitcoin as first digital decentralized currency after introduce to the people about their quality importance how to invest in bitcoin and make money in the easy way because of the demands the price fast to increase in the market after many country accepting bitcoin as legal currency they help their people to earn money specially the unemployed people with have knowledge the new technology of computer science.
Because of BTC's structure, lack of pre-mining and the fact it was the first into this space, BTC is by far the most decentralized major cryptocurrency. Nodes are running all over the world and this has created a highly secure network that has never been hacked. By contrast, when Ethereum got hacked, it ultimately rolled back ETH transactions, which showcases just how different (and centralized) it is compared to BTC. ETH founder, Vitalik, even promises to throw countries or their leaders off of the ETH network if they "do evil". Do you want a crypto where one person (Vitalik) gets to decide what it means to "do evil" and which transactions don't get to go through as a result?
Like ETH, many of BTC's competitors are centralized, which means there are fewer pressure points to be exploited by hostile actors. The CEO or founder could exit-scam, or release all the coins in escrow, or a nation-state could bribe/blackmail the person/ppl in charge into making changes to the protocol that benefit them, etc. With Bitcoin, there's no one in charge. There's no one person or hardware that it's too reliant upon. There are fewer pressure points, which makes it far more secure.
Like ETH, many of BTC's competitors are centralized, which means there are fewer pressure points to be exploited by hostile actors. The CEO or founder could exit-scam, or release all the coins in escrow, or a nation-state could bribe/blackmail the person/ppl in charge into making changes to the protocol that benefit them, etc. With Bitcoin, there's no one in charge. There's no one person or hardware that it's too reliant upon. There are fewer pressure points, which makes it far more secure.
I think because it is the first cryptocurrency and because being first it is most popular cryptocurrency. In every sector firsts are have great value but then most useful ones replace them.
I believe that the reasons you stated all are contributing factors to Bitcoin's dominance. In the Cryptoworld, Bitcoin is the most popular among them all. This, coupled with the fact that it was the first to come and that people trust that it can sustain for long makes people rather prefer buying Bitcoin to the others.
Because bitcoin is a digital currency. Bitcoin has high security. The bitcoin market is expanding around the world. Many companies, big corporations are investing in bitcoin. Bitcoin is strongly supported by many countries such as Japan, US ...
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