Topic: Why bitcoin is the most dominant? - page 8. (Read 759 times)
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
Basically, bitcoin is the first known electronic money and also the first to gain value and be traded in real money. Because of this, many people have given their bitcoin their money, which in turn helps to boast the value of bitcoin. With the introduction of newer cryptocuruments, exchanges seek to accept bitcoin deposits before receiving the encryption you want, which makes bitcoin a very important path for you to get your desired encryption. Bitcoin is like the entry point for a new player. Also, we've got many stores that accept bitcoin for payments, bitcoin debit cards, ATM bitcoin, etc.
As the main coin, the selling value is much higher than the selling value of the other coin. The movement of bitcoin is not in the reach of other coin coin.
Not excessive when bitcoin is more popular than other coin. And more like by traders.
Not excessive when bitcoin is more popular than other coin. And more like by traders.
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.
Simply, many exchanges are traded on the basis of bitcoin. If you want to go to the stock exchange you need to have bitcoin. Or alternatively Ethereum.
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.
Bitcoin was a pioneer who opened the way for others-
When people first time hear about crypto currencies, first they hear about bitcoin.
Bitcoin is like entry point for a new players.
Also, we already have many shops which accept bitcoin for payments, bitcoin debit cards, bitcoin ATM etc.
Bitcoin currently dominates solely because it was the first crypto currency. There is no other reason for this. Technically, bitcoin is much weaker than many crypto currency. Such as coins like Ripple or NEM. However, since he was the first he is the most popular. There are a lot of people who know only bitcoin from all crypto currency.
Because it's the first cryptocurrency and it has the biggest adoption..as simple as that. Plus, its creator is unknown which gives the whole new meaning to its decentralization.
being first and all that surely has helped bitcoin in being the dominant cryptocurrency by a great distance from the rest but it is not the main reason for it. the real reason is the usage of bitcoin and the fact that it is delivering on the promises. promises such as being decentralized, being a currency, being secure and a lot more.
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.
Bitcoin is the dominant cryptocurrency its because of what you mentioned. If bitcoin was not the first cryptocurrency that succeeded then probably bitcoin is not on the top of the food chain right now. Also bitcoin become very popular with the public because of the trend of its value, it started out as centavos but right now its value is in thousands of dollars.
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 becomes dominant because Bitcoin has a very good level of trust in the public. Bitcoin has the confidence to use and be an investment. Bitcoin is superior to other coins, I strongly believe in Bitcoin because it has started many people who accept Bticoin and already many places that recognize Bitcoin as a medium of payment. So I strongly believe that Bitcoin can be a globally recognized currency. 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.
First mover advantage, I should say. Also, what you've mentioned is correct. Basically, bitcoin was the first cryptocurrency known to people and also the first to gain value and be traded with real money. Because of this, many people have entrusted bitcoin their money which, in turn helped bitcoin's value boom. With the advent of newer cryptocurrencies, exchanges sought to accept bitcoin deposits before getting the crypto you want, which makes bitcoin a very vital avenue for you to get to your desired crypto. You can also add the fact that most cryptocurrencies are privately-owned, pump and dump schemes which makes most people distance away from these obvious money grabbers.
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.
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