Topic: Why Does BTC growing faster?? (Read 870 times)

Based on what people has experienced from Bitcoin so far made them to believe that Bitcoin is the best coin to invest in right now and have something good to achieve in future. During the pandemic that took over 1 year and some months in the world to collapsed some organisation but Bitcoin still remain strong and stronger through out the pandemic that made many countries to start accepting bitcoin in different countries. I think, Bitcoin team are the one that made Bitcoin growing faster than others cryptocurrencies because they do everything possible to make Bitcoin the king among other cryptocurrencies.

As long as we are here, it is true that bitcoin body is faster than other cryptocurrencies, people choose bitcoin because it is strong and able to withstand corrected market pressures, so people's fear for bitcoin is not so influential, but overall bitcoin does not rise forever, there are times corrections make bitcoins go down and there are times when they go to the moon, that's how the market reacts for any coin, but bitcoin recovers faster after the correction recovers

I also have the same thought as you, most people invest in bitcoin because they see the price of bitcoin rising too fast and they hope that if they invest in bitcoin they will also become wealthy very quickly, very few people will care about technology.
Currently, bitcoin has increased hundreds of thousands of times since it was created and the value of bitcoin is also at a high threshold so can't expect another spike, bitcoin will still grow but will not be x100, x1000 anymore.

A very interesting phenomenon is indeed cryptocurrency, especially Bitcoin which is the first crypto to appear in the internet world is
becoming increasingly popular today. Moreover, starting from the COVID-19 pandemic that occurred, then there was an economic crisis
around the world, making the unemployment rate increase. And Bitcoin emerged as a solution to be able to improve the economy,
after Bitcoin is known then people will start studying altcoins. Until finally making Bitcoin grow very rapidly, even though the creator of
Bitcoin is anonymous, then Bitcoin is also not liked by the government. However, more and more people give positive feedback after
investing in Bitcoin, eventually making the Bitcoin community bigger, and the government has been unable to stop the rapid development of
Bitcoin.

As more and more people invest in Bitcoin, finally Bitcoin is legalized in several countries, and the power of Bitcoin is the belief of many people
in the world in Bitcoin. Because Bitcoin is decentralized which moves based on supply and demand, simple things like that make Bitcoin more
and more popular. Even some famous people in the world who have a large following started investing in Bitcoin, not to mention many institutions
are investing in Bitcoin too. This makes Bitcoin grow very fast.

I can't say how many people believe in bitcoin, but most who have heard of btc want to make a lot of money on it quickly. This is what attracts people in the first place, and not technical aspects, like open-source or decentralization. It seems to me that a wide range of bitcoin buyers don't believe in technology, but in the opportunity to make money on the difference in purchase and sale. When people see a huge rise in the price of btc during a bullish trend, it can't but fascinate them and they buy. The more people buy, the more and faster the price rises. The price of bitcoin is rising faster than other crypto because more people are investing in it than in other projects. I assume that bitcoin price will always rise due to the deflationary pattern, but over time, the growth rate will slow down significantly and there will be no such growth surges as we saw during the last bull run in the distant future.

I think, bitcoin continues to grow and has grown so fast until recently because most people believe in bitcoin being completely open-source and decentralized so more and more people are interested in choosing and getting bitcoins as the price is getting higher and higher. Apart from the current bitcoin price getting higher, no one can predict that the bitcoin price will forever rise in the future.

What about other cryptos? They are like btc which internet is also required to operate though you got a point there that if more people hang out online then chances are that they will find out bitcoin because it is not a secret anymore and many ads are circulating online in relation to it.

There are also search suggestions that pops up about btc. In my response to the op, on why btc grows faster compared to other cryptos I think that is because btc is the first coin and before other cryptos came out, many people are already putting their money in btc but no it does not grow forever because there are times like this where btc is dumping but this event isn't also permanent.

what triggers Bitcoin to grow is the Internet, the more the internet is used by all people in the world the more famous Bitcoin is,
and look at the data, that in 2020 there are already a lot of new users in this world, yes and that's because of covid,
many people are at home and playing the internet, then Bitcoin is one of the sources of money on the internet,
 this is why the higher the interest, then Bitcoin will be more expensive

Noted
Thanks,Byt topic thread is still active so that ia the reason imade this post.

Haha Mention Not,
We All know
Take it easy its a post a long time ago i think he better know everything now but you should need to keep learning.

Reason: When you see that Knowledge you have is sufficient you are ruined.

when emphasising on the influence of cryptocurrency, it's quiet simple. because from my perspective i understand that the measure that makes bitcoin to keep increasing is due to online or internet method of marketing the cryptocurrency kind of lives. Companies today joined Bitcoin because of it's way of understanding it's validates not because of the population or the firms cryptocurrency and especially bitcoin gathered.

Wow what silly Question bro ?
Obvious point the potential Store of Value,
Long Term scope
Better Solution to avoid Devaluation
Complete Decentralized
Natural and anonymous flow of the Money
Based on the Transperency
Evolution of the Trade
Non Manipulatable.
Fixed.

What more you qant it qill explain each and everything.

Hoping you learned it all in this time period

There's no denying that today's growing market is partly due to the rise of altcoins. However, I do not think the growth of Bitcoin is entirely the result of altcoins. People have started to see the difference of bitcoin and its superiority over fiat or any alternative currency.

Bitcoin is still the top choice because it is decentralized and not controlled by anyone, the supply is limited and as a market leader, the entire price movement of the market depends on bitcoin.

I think bitcoin has great potential to grow rapidly, now many countries have legalized bitcoin, maybe they are too late to legalize bitcoin but I believe this is the beginning of bitcoin being used more massively in the future, there's no doubt that continuing to buy is the best thing.

I guess this statement is now not applicable anymore.
The scenes have changed completely, the time has changed.
Now we are in a phase where BTC are struggling to get up.
Nevertheless BTC rises when the demand for it increases, so eventually at a later period of time, it will definitely increase.
Just we need to patiently wait for this bear market to pass.
Everything will eventually become fine.

I think the thing that makes bitcoin growing faster is from altcoins, when the ICO of altcoins accepts bitcoin, then when trading pairs it is bitcoin so that bitcoin usage continues to increase, even though there are stable coins now, bitcoin is always the first choice and made the main investment for investors compared to with altcoins.

If experts have said the price range for bitcoin is around $20k and it is overwhelming higher than that, it means that demand for bitcoin use is very high. Investors have known bitcoin can be kept for next halving for a cash out and that is a reason to hodl . Bitcoin is decentralised and that freedom of non identify disclosure for some is quite important. Also that countries have adopted it puts the citizens into direct and approved hodling of bitcoin. You know how demand works with supply too so it is some reasons. If bitcoin was suppose to touch $20k and it didn't before next halving it simply means there are more hodlers.

It must be admitted that the development of Bitcoin is too fast, many experts say that the current ideal price of Bitcoin is around $ 20K, but this is a decentralization that is difficult to guess, the number of millions of worlds investing in Bitcoin makes demand increase so that prices also skyrocketed. But whatever happens with Bitcoin, I won't be too panicked.

What bitcoin has achieved today is indeed a phenomenal thing, it only took 10 years to become popular and make many global companies and world millionaires interested in bitcoin, of course the thing that makes bitcoin grow very fast because of a strong community, they don't care about being banned from many countries and focus on buy and hold so that the demand continues to increase.

The cool thing about the popularity of bitcoin is that, nobody did marketing for it. I mean we all did, we are the marketing of it, but nobody really paid marketing money to promote bitcoin itself so that they would earn money, satoshi didn't spend a dime on marketing after he created it.

People got in, and same people who got in ended up promoting bitcoin to everyone around them and that’s how they made their money. I do not think that you could beat word of mouth in marketing, if you could convince some people to promote you instead of you yourself promoting it, then you did something amazing. So much so that Satoshi even left, and we still ended up getting more people on bitcoin.