Topic: Why Bitcoin is the winning coin! (Read 204 times)

Bitcoin is the first and the last. It is the first developed cryptocurrency and the largest by market capitalisation, it will be the last now that governments and the financial world are trying to regulate cryptocurrencies. Bitcoin is the only one to reach 20K and this high price is why governments (and financial institutions) demand regulations, to prevent money laundering they say.

Bitcoin is the first world financial war because bitcoin has revolutionized the world financial system and has redistribute the wealth of the world, from it regular uneven distribution of wealth to a people base financial system where every individual has it financial freedom and safety with high decentralization which has given us the opportunity to own and control our finance's.

Well, right now, if an alt-coin has some sort of technical feature that proves beneficial, Bitcoin has the power of their vast developer community to adopt said feature and thus make it beneficial for them as well--it's almost like they can be a step ahead. In addition, right now BTC is the longest standing of all the crypto's, that could mean nothing to some, but for others the fact that it has survived now for 8 years gives it a much higher store of value overall. Ultimately, btc is just more accessible right now as well, with more exchanges and merchants adopting it as a form of payment. We'll see, all these things could mean nothing seeing as how volatile the crypto-space is but if these factors continue and (hopefully) keep improving, btc will remain the undisputed leader

That's only a concern to those who choose to be involved into the centralized part of this market. Sure, legally you'll still be obliged to pay your due taxes, but if no one beside yourself knows anything, and you smartly manage to cash out or buy locally, this won't be much of a problem. Granted, people following this path only account for a small percentage, but that will change throughout the years. Most important factor is that we actually have an alternative option to choose for, and that's something we didn't really had before Bitcoin.

I have seperate stashes that I operate and hold, where one stash is purely dedicated to trading on centralized exchanges, where I do pay tax over my profits, but the other part that doesn't touch any central service, is hidden and will never touch a central service. Obviously, I am not going to pay tax over these holdings and potential profits. I accept that I haven't got a choice to avoid paying tax when it comes to the coins I use for trading purposes on an exchange, but the rest is something that the government won't see one single penny of. It's mine.

But there's Segwit and Lightning Network to help lower the fees and speed up the transaction?

Smaller valued coins? You mean shitcoins?

And speaking of LN, it already went into Beta last March 15 so I guess we are heading on the right direction.

I guess its really boils down to the investors like you and me to keep bitcoin in his throne. I mean if we just decided to shift to Bitcoin Cash or ETH then probably bitcoin dominance will go down and might be challenge. However, with so much traction and support from this community, and despite all the FUD, attacks from governments and banks, We keep investing on and more are willing to pour their cash on the ecosystem.

It run first so that's why people or users here use it as a variety of payment method not like other,I think this is good,trusted and secure in all coins here then of course you will choose the already trusted if money involved in that

Eth,bcc,ltc,nano can be similar to bitcoin so buy this 4 now and actually some of this are already like bitcoin

But the price in market are so different to btc price now

The real reason why Bitcoin is the winner, has to do with the fact that it came first. When 5% of a country learns about Bitcoin, suddenly the whole country will know about it. When 5% of the world learns about Bitcoin, suddenly the whole world will know about it.

While there are some things that might destroy Bitcoin, they are generally the same things that would destroy fiat. Because banks and governments need fiat, they will be careful to keep those destructive forces from coming into play. But... they are between a rock and a hard place. If they don't destroy themselves by destroying their own foundations just to get at Bitcoin, Bitcoin will destroy them. It's built in.

Yes. I do believe that bitcoin is better than the other cryptocurrencies. This is simply because firstly, bitcoin is much older and the first cryptocurrency to start whereas other cryptocurrencies like etherium have come afterwards. Then bitcoin is way more popular than the other cryptocurrencies because of which bitcoin has more users than other cryptocurrencies throughout the world. Also people who trust bitcoin are more than the people who trust other cryptocurrencies. Then bitcoin is accepted at many places as a form of payment whereas other cryptocurrencies are still not.

I don't know about u guys but I'd rather have a smaller valued coin because it would have lower transaction fees.

As btc price goes up, so c pest its tx fees.

yes to all 100% agree with you) that's right

And that doesn't ring true especially if the coin offers little to no innovation on its own. I've came across several overpriced coins that didn't make it out in the multitude of useless coins in the altcoin market. First of all, these coins don't have any value in them since they are just a clone of another coin with little improvements embedded in them and the coin is an obvious money-grabber. Don't look at face value when choosing a coin to invest; there are lots of things to consider before getting involved in a certain coin.


Don't want to sound pessimistic on your POV but I beg to disagree on some parts.

• Bitcoin isn't getting decentralized day by day, instead, the constant shakeouts and selloffs only distribute the coins to a select few who has the money to churn those sell orders.
• While you still own and control your money in using bitcoins, several countries are inching towards taxing them, so even if you fully control the in and out of your money, the government would still like to have a fair share of your crypto pie.

Nevertheless, bitcoin is an innovative and disruptive tech that was invented to help the governments and the banks realize that we could always break free from their chains, if not totally replace their scummy system. What makes this invention so great is that it cannot be shut down by anyone no matter how hard they try; you need to disable a whole network of decentralized machines scattered all over the world. Time will tell whether this project is a success or not, and as of this day, it seems that everything is running smoothly despite a couple hiccups here and there.

because this coin is the largest in price, and its capitalization is much larger) is the king of all coins) personally from him I have the highest incomes)

“Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part”. This sentence is proving pretty much what Bitcoin has that the other competitors don’t have. Bitcoin was the first cryptocurrency to be made along with the blockchain itself by Satoshi Nakamoto in 2009.  Now that’s a huge advantage, but except Bitcoin after that, there were more coins which didn’t survive then why Bitcoin did? Nowadays Bitcoin is the masterpiece that was made not only by Satoshi Nakamoto but by developers all around the world with thousands of commits and hundreds of contributors making Bitcoin what it is today. Bitcoin is a revolutionary financial system, money should be owned by the holders (decentralized), not by the government or any bank system. They can take care of our money, get paid for their services, but they can’t own the money because no own it or better to say everybody owns it.

Bitcoin in the last couple of months proved to be not so much stable and bringing what it’s promising. But money systems are not built by a few days, months or years. It takes decades to build a solid money system which has a global scalability use, nine years and Bitcoin already valued at hundreds of billion dollars but it didn’t reach even the half checkpoint and it will take at least another decade to be dominance in our economic system. Already Bitcoin foundations in so many countries and such a big use, for nine years it’s much more than excepted.  Bitcoin is the closest thing to be natural money system in our world, pretty surprising relative to a digital currency.

So. Why is it so better than the other competitors? Why so many people passionate about Bitcoin than any other currency? The answer is pretty simple. Since Satoshi Nakamoto isn’t here to represent Bitcoin’s vision that’s what makes this coin so good. Bitcoin will be whatever we will want it to be. Behind Ethereum, there’s Vitalik. Behind Litecoin, there’s Charlie. Behind Bitcoin? There’s us. No specific vision, not only one truth is correct. Everything is acceptable to Bitcoin and everything is welcomed either if we like it or not. No one is having a huge influence on this digital system that’s what makes it so decentralized, literally no statements only speculations and opinions. Meaning it will pump and dump from 20k to 8k and so on because now on it’s still not fully built yet, but with the coming years, it will become better and better and more decentralized, more hodlers, distributed around the world. Hodlers in Africa, hodlers in USA and hodlers in Russia; literally everywhere no matter if there’s a World War III or apocalypse. That’s how strong and stable the digital cash system is, having wealth that is stored safely and by you and you only.

The stats are proving the situation by itself, for the last nine years since cryptocurrency industry was created. All the altcoins including the top-ranked such as Ethereum, Litecoin, Ripple and etc. They all were influenced directly by Bitcoin itself where there is a clear dominance by the coin in the market and being as most of the ways to purchase other altcoins. Bitcoin also showed us how things can get scary and dirty when it fell from $32 to $2 and from $1,000 to $200 and more many times in the history but eventually always rising up and keep having huge influence and exposure to the world. The real revolution isn’t the price itself but the occupation of many corporations, companies and even small stores around the corner. Because the coin is used and accepted by everyone (no matter what the law says) as a currency, that’s how the revolution is made and changing the rules of the game. The power in this world belongs to the people equally, no centralized party should deprive this power of us. Bitcoin is bringing the power back to the average person and giving the power to the public, giving back their own rights.