Why Bitcoin still remains the leading cryptocurrency in the world. - page 2.

Russlenat

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Quote from: Upgrade00 on July 19, 2022, 08:31:45 AM

You joined the forum earlier today and are already telling others what Bitcoin is.
You would benefit more from the forum, if you read and learn from the wealth of information available here. Feel free to ask questions when you get confused and previous discussions don't cover that topic or question.

True. If you keep on reading in the forum, and have your own research too, then you will definitely know the answer to your question. This has been discussed a lot of times and also gained the same answer. Bitcoin will always remain the leading cryptocurrency because there's no other coins that can surpass its high potentials. Until now, bitcoin is still the blood of the crypto market, and that the rest of the coins only submit and follow the path of bitcoin.

Falconer

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Quote from: KingsDen on July 21, 2022, 11:17:55 AM

About the title, bitcoin will remain the king for so many years, but there is no guarantee that it will remain the king for more years after so many years. The technology is still evolving, anything could happen.

This technological civilization will not stop and will continue to grow so there is no guarantee that bitcoin will be at the forefront forever. Bitcoin still has its deficiency despite its many advantages so there is a possibility that it will be replaced by new, more perfect technologies. Over the last decade, bitcoin has been the king of cryptocurrencies and it's not just about price. But it's true that we don't know exactly what the future holds.

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Quote from: Kalson9 on July 19, 2022, 04:30:17 AM

It is known over years and now that Bitcoin is a mysterious and some kind of digital currency that is not well known how come about and only the creators of it knows and control it and is a supernatural creature and it like is an idea or vision of the creators to control the planet after God.

Whatever one doesn't understand, he is free to have unrealistic or false intentions or understanding towards it. I understand that you don't have good understanding of bitcoin, then you are in this group, this is your greatest opportunity to learn bitcoin as many experienced users of this forum would be willing to teach you for free.

About the title, bitcoin will remain the king for so many years, but there is no guarantee that it will remain the king for more years after so many years. The technology is still evolving, anything could happen.

AakZaki

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Maybe you watch too many mystical films that only exist in your fantasy. Bitcoin is never mysterious, Bitcoin is a clear digital asset and the Bitcoin whitepaper has also been explained in detail. No one regulates or controls Bitcoin. Even though its creator is still anonymous Bitcoin remains clear and its goal is not to control the planet after god, you are exaggerating.
Bitcoin Becomes a leading crypto because of its technology and the community's trust in bitcoin. Nothing can beat bitcoin nowadays.
So there's no need to make conspiracy theories like that.

lovesmayfamilis

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If we talk about what the OP writes, then for an ignorant person, of course, Bitcoin will be presented as a mysterious coin.
However, to stop being afraid and begin to understand Bitcoin, you need to start using it. The creation of bitcoin did not have any bad intentions; on the contrary, it was invented for convenience, as well as for personal ownership of one's finances without interference from other parties. Just take the time to take the blinders off your eyes and start experiencing bitcoin.

pooya87

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The only thing we don't know about bitcoin is its creator which is not important at all. The rest is all known so there is no "mystery" in bitcoin because it is 100% open source so it can all be seen.
The answer to your question is pretty simple, it is because there hasn't been any alternate cryptocurrency created that could perform half the things bitcoin does. Majority of them have serious flaws, like the security bugs in ethereum protocol; a large number of them are centralized and shady and most of them are useless. In other words bitcoin has not had any competition ever since its creation.

Vaculin

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Quote from: PX-Z on July 19, 2022, 04:53:47 AM

Understand first what you're talking. Bitcoin is not mysterious, you can read its whitepaper and why it is made, and its purpose. And no one controls bitcoin including its creator, that's why its called decentralized.

Altcoins may vary to its purpose, those who have strong foundation last thats why people still using them while on the other hand most of them now are useless, scam, spam, etc.

Since altcoins has always been the playground of all scams in the market, then most of the people develop more fears from investing in altcoins, except for those old and established altcoins that have proven their worth and value for a long time. That is why a lot of people have trusted bitcoin instead more than altcoins because they have seen its consistency from day one up to the present. And until now, bitcoin remains to be the most expensive coin in the market that anyone knows about it will always dream of accumulating more for future, huge profits.

Dunamisx

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Quote from: Kalson9 on July 19, 2022, 04:30:17 AM

It is known over years and now that Bitcoin is a mysterious and some kind of digital currency that is not well known how come about and only the creators of it knows and control it and is a supernatural creature and it like is an idea or vision of the creators to control the planet after God.

If you're slumbering it's time to wake up, bitcoin is different and Nature is also different, bitcoin has all that it takes to make it through the challenges but thinking about any extra supernatural force working on bitcoin is all wrong, bitcoin is created just by a mere man like you and i, he sat down to make his research and eventually it all worked out and fortunately enough he happen to be the first

Kasabus

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Quote from: Upgrade00 on July 19, 2022, 08:31:45 AM

You joined the forum earlier today and are already telling others what Bitcoin is.
You would benefit more from the forum, if you read and learn from the wealth of information available here. Feel free to ask questions when you get confused and previous discussions don't cover that topic or question.

Most of the time, the answers to some questions are also found in the forum and you will most likely to discover it if you keep your patience in reading and learning at the same time. Although this discussion has been repeated a lot of times, but it always gives a certain answer too. Bitcoin remains the leading crypto in the world because there are no other coins that can closely compete with the high potentials of bitcoin. And as faith of the people arise, trusting bitcoin knowing its the best and safest crypto investment has now become the trend.

Sanitough

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Quote from: Kalson9 on July 19, 2022, 04:30:17 AM

It is known over years and now that Bitcoin is a mysterious and some kind of digital currency that is not well known how come about and only the creators of it knows and control it and is a supernatural creature and it like is an idea or vision of the creators to control the planet after God.

Even Satoshi cannot manipulate the outcome of bitcoin, but its only the community itself that keeps it going. If people find confidence investing in bitcoin, i guess there is something in bitcoin that most altcoins don't have. Aside from its high storage value, bitcoin too has always its great utility case that other crypto coins lack. That is why bitcoin always leads the cryptocurrency market because its not only for short term investment and profiting, but more on long term profiting and investment.

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Quote from: Taskford on July 19, 2022, 06:37:52 AM

Quote from: Kalson9 on July 19, 2022, 04:30:17 AM

It is known over years and now that Bitcoin is a mysterious and some kind of digital currency that is not well known how come about and only the creators of it knows and control it and is a supernatural creature and it like is an idea or vision of the creators to control the planet after God.

"Trust" that's what makes bitcoin at the top and if you compare with other cryptocurrency the level of confidence is not much high if we compare it with bitcoin that's why we see it still dominating the market. We didn't have any coin yet that we can call a Bitcoin killer and I believe it will forever stay on position where he is currently on.

Bitcoin will never stop from dominating the market because there is still a strong demand coming from the crypto community. If that demand decreases, i guess bitcoin will be put in danger and will not lead the market eventually. But for now, it's hard to compete with bitcoin even if we dig through a lot of altcoins. Bitcoin is considered a much safer and secured investment compared to other crypto coins alive. And with the high confidence from the people that show support for bitcoin, then it will always be irreplaceable.

Upgrade00

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Quote from: GiftedMAN on July 19, 2022, 10:35:26 AM

Am not trying to be offensive here mate but someone can be a newbie here but has more knowledge about Bitcoin than some older members here.

That is definitely possible and there have been many highly knowledgeable users who joined the forum and I learned a lot from, even while they were newbies. But, from the first post of the user, it.shows they have a lot to learn and it's improbable they fall into that category.

Marvell1

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When you look at all the altcoins out there, do you see any that are entirely decentralized like bitcoin? Is there any that are not controlled even by the people who created them? and thanks to its complete decentralization, bitcoin's blockchain is also considered the most secure and safe compared to the rest of the altcoins. Consequently, Bitcoin is unique and no one can replace it or be like it.

GiftedMAN

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Quote from: Upgrade00 on July 19, 2022, 08:31:45 AM

You joined the forum earlier today and are already telling others what Bitcoin is.
You would benefit more from the forum if you read and learn from the wealth of information available here. Feel free to ask questions when you get confused and previous discussions don't cover that topic or question.

Am not trying to be offensive here mate but someone can be a newbie here but has more knowledge about Bitcoin than some older members here. Anyways I think OP is just trying to make himself known since he has been opportune to locate this forum and encouraging him to read more so that he will not go about posting irrelevant things that will only generate an unnecessary argument instead of providing useful information or solutions to the forum, good one.

CryptoYar

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Quote from: Kalson9 on July 19, 2022, 04:30:17 AM

It is known over years and now that Bitcoin is a mysterious and some kind of digital currency that is not well known how come about and only the creators of it knows and control it and is a supernatural creature and it like is an idea or vision of the creators to control the planet after God.

If I say that your governments are controlling you after God, then probably it will not be wrong, your every transaction is tracked and your bank accounts could be frozen at any time they want even though that's your money.

However, you need to understand what is bitcoin.
Bitcoin is p2p electronic cash system built using Blockchain technology do you have any idea what this is? Blockchain is a decentralized, distributed, transparent and trustless system that does not require any third party or middle man.

The best example of this is every organization where there is a middleman, whether it is in the form of banks or any other.

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Quote from: Kalson9 on July 19, 2022, 04:30:17 AM

It is known over years and now that Bitcoin is a mysterious and some kind of digital currency that is not well known how come about and only the creators of it knows and control it and is a supernatural creature and it like is an idea or vision of the creators to control the planet after God.

Because aside from being the first big crypto coin, bitcoin is a truly decentralized network that caters the need of those who really appreciate decentralization. Well aside from it, only few project can match up the certainty of bitcoin and some are just used to fake out a decentralized space but in reality can be considered as centralized approach.

Fullcoinese

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Your impression sounds like mystical. As far as I know bitcoin is not controlled by anyone including its creators. bitcoin is a decentralized digital currency and has a limited supply (BTC : 21,000,000). The creator of bitcoin is very anonymous, none of us know who satoshi is.

sunsilk

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Being the firstborn means a lot and that's why it's still in the top. Also, the algo that it got, PoW is one of the most secured way of maintaining the network and that's why many are trusting it.

Unlike those new projects and altcoins that has developers on their side ready to maintain and upgrade it, bitcoin remains to be a decentralized project and that's why it is trustless and it has a fixed supply of 21M for which many have been lost forever that adds to its ecosystem and treated as burned bitcoins forever.

jackg

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Bitcoin's the prototype for a blockchain based digital currency.

Most prototypes aren't thrown out but are used to develop things on and add things to. That's why bitcoin is the most valued cryptocurrency and why it's also one of the most secure and most trusted (it might still be trying to prove itself to some too).

There's a chance an altcoin might overtake bitcoin (again) but there's no reason things implemented on other chains can't be added to bitcoins.

Upgrade00

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You joined the forum earlier today and are already telling others what Bitcoin is.
You would benefit more from the forum, if you read and learn from the wealth of information available here. Feel free to ask questions when you get confused and previous discussions don't cover that topic or question.

Topic: Why Bitcoin still remains the leading cryptocurrency in the world. - page 2. (Read 449 times)