Topic: Why is Bitcoin in the highest level of trust? - page 6. (Read 1938 times)

maybe we can say that bitcoin is an investment that is so popular in this century, so many people make people become bitcoin enthusiasts.maybe it can't be separated from how bitcoin's performance gives us true freedom of thought, so it makes bitcoin even higher among the public

Bitcoin has been service in long time.Bitcoin already proved that Bitcoin is trusted than any others crypto. Bitcoin is most valuable crypto in market and most valuable coin.Bitcoin has been developing for long time.Bitcoin is decentralised crypto than others. I think bitcoin will be more increase in future and it will be most trusted.

If we keep educating ourselves and we don't ride with the manipulation of the market, we will all enjoy bitcoin as an investment and as a currency. The word "decentralization" makes bitcoin transparent, however, due to the fact that we use a 3rd party platform to trade our bitcoin, government still impose their rules on us through regulation.

Financial processes are dependent upon mutual trust between all parties involved. The means through which bitcoin and similar cryptocurrencies create trust is through a network-based ledger known as a blockchain.  Roblox Guides get-mobdrovip.com

In my opinion, one of the reasons for the high level of public confidence in Bitcoin is the issue of transparency in the economy. I think bitcoin can bring honesty and economics together and reduce the oppression of capitalists around the world.
That is why I respect Bitcoin as a global currency.

Besides, it has popularity allover the world and it so powerful crypto currency. Who are involved in crypto currency, are known about bitcoin and the uses of bitcoin. Many people are making huge money by the help of bitcoin and another reason is bitcoin is a decentralized crypto currency.

Bitcoin is has the highest level of trust because, Bitcoin is the foundation of crypto and all other altcoins, the trust in bitcoin is as a result of it being in existence for a quite long period of time. Currently bitcoin is in control cryptocurrency market which comprises of other altcoins. Moreover Bitcoin is adopted bay many institutions for payments and also bitcoin is accepted world wide for exchange of goods and services, he trust is more than other altcoins.

Some make huge profits on it because they are good in investing, some bought bitcoin when the price is still very cheap and they held until now. Imagine if you buy bitcoin at $3k each, it's already more than x10 profit now, and it's easy to make a profit as all you do is buy, secure the coin and hold it for the long term.

There's a reason why people are buying, and one main reason is the increase in adoption which would result in to increase in demand as well.

For payment method, it will only be more successful if there's a worldwide adoption, and it's best when sending money in different country as you don't need to use the international remittance center that charges enormous fees.

^ Just because all altcoins were forked to BTC and that is we called them altcoins, an alternate coin to BTC.
As a pioneer coin in cryptocurrency that has proven and tested that it is purely decentralized and nobody control it, that is how people trust BTC by using in a different aspect which is how useful BTC is. As we can see, all big institutions were now accepting BTC as a secondary currency which is good for investing or alternating currency. Nevertheless, because of this trust, many crypto enthusiasts believed that BTC is good for storing value and now they are hoarding on it.

During investing any kind of cryptocurrency, we are confuse whether to invest in those currencies.But in case of Bitcoin, there is no worry at all. Because Bitcoin is the pioneer of all online currencies. So that's why Bitcoin in the highest level of trust.
 And from the begining of bitcoin, there is no trust issue to anyone. As bitcoin stays for the long time, it will not betray us.

People had given a high level of trust to Bitcoin because it was proven already that could give you a decent profit from investing. People risk their money as they know and believe that they don't lose their money in the future but instead seeing it growing. Honestly, nobody has to spend million dollars if they never see this thing or having such trust but people have and it was a great decision been made.

So the question is why not? Anyways, it wasn't regretting those who never trust as it was their choice but this was a great opportunity for those who have decided to take the risk.

Bitcoin had been in existence for long now and no other cryptocurrency can be compared to it increase it level of trust attracting big firms, companies and individuals to patronize it without have any moment of doubt. Bitcoin had been more successful since the time it was established till now that many have seen the potential it has. Those who do not still believe in Bitcoin have there self to blame for their ignorance and lack of insight to know what is real and what is not.

The thing that makes Bitcoin have high trust is probably because Bitcoin is believed to increase digital financial literacy. In addition, the use of Bitcoin is considered capable of optimizing foreign investment. This is supported by more efficient access, while reducing dependence on the US dollar. Even Bitcoin is believed to be able to suppress the rate of inflation. Assets can be a safe haven, especially during a pandemic. Moreover, developing countries tend to still find it difficult to contain the rate of inflation in the midst of a pandemic like today.

Many crypto. Much profit. Wow! The Dogecoin Foundation has been re-established, this time with some real star power in its leadership team, including Vitalik Buterin and Elon Musk.

The new manifesto announces four project values — being useful, personable, welcoming, and reliable — and reads, “We are developing a currency for the people, and we strive to do only good everyday.” Who's a good doge? he is.

The cryptocurrency market turned bearish, with the market capitalisation decreasing by 6.2 percent to fall below the $2 trillion mark to $1.96 trillion. The price of Bitcoin (BTC) reached $44,743 after shedding 4.73 percent.

Ethereum (ETH) slipped by 8.24 percent to reach $3,008. According to experts, Bitcoin is experiencing a sell-off, following its local high recorded on August 14 at $48,251. Institutional cryptocurrency investments have seen another week of consecutive outflows with a total of $22 million.

According to a report from CoinShares, the low investor participation could be due to the seasonal effects witnessed in other asset classes as well.

Coinbase has launched in Japan, in partnership with Mitsubishi UFJ Financial Group (MUFG) — one of the largest banks in Japan serving 40 million Japanese customers. Coinbase was founded in 2012 as an easy and trusted place to buy and sell Bitcoin.

At that time, the price of Bitcoin was $12. So they're not likely to be panicking at the past few days fall in prices!

Bitcoin has been developing for so many years. The moment when it has gone through many times of almost returning to zero is still developing. This has been the test of time.
Through the epidemic. Many people have joined the world of cryptocurrency. For novices, Bitcoin is the most trusted cryptocurrency among all cryptocurrencies. Bitcoin is the symbol of cryptocurrency. He is the central pillar of cryptocurrency. All cryptocurrencies have only developed to the present because of Bitcoin.

The COVID-19 pandemic has caused severe damage to the economy of our entire world. In order to get out of the addicted economy, various countries can only stimulate economic development by printing currency continuously. Instead, it caused more serious inflation. This fact has awakened more and more ordinary people, and they have begun to choose Bitcoin to protect their wealth. Bitcoin is gaining more and more trust.

Bitcoin is king!
The first cryptocurrency was Bitcoin, and the other cryptocurrencies were issued through Bitcoin. Their codes are similar. Some coins directly replicate Bitcoin technology.
When the price of Bitcoin increases, it can promote the development of other cryptocurrencies. When the price of Bitcoin drops, other cryptocurrencies will have an impact.
After so many years of precipitation. Bitcoin is the wind direction tower in cryptocurrency.

Amidst the pandemic that we are facing today, most of the stores have been closed due to bankcruptcy and so lot of people have become jobless. And bitcoin just come right perfectly. Although its presence have been here for over ten years but its demand is now more acknowledge in this time of pandemic. It has offered a lot of jobs to people and good investments that can cover all their expenses in their daily necessities. So why would they still put their trust into another coins? When in fact bitcoin is definitely the perfect coin they all have been looking for.

The best thing about bitcoin is that its fully decentralized so we all have the control on it which is totally  different from fiat.  And yes, its pioneering in the market so its strong foundation has been tested already several times and still comes out successful throughout the whole 10 years.

So why do we have to trust any other coin? Maybe its more of diversifying our investments but still bitcoin will always come out dominating the whole crypto market even with the new coins arising today.

Well perhaps just because this currency is the pioneer in the market and that is all. Bitcoin has been proved its legitimacy for over how many years since then, and now, we saw some other statements that they regret why they sell their coin at an early stage and supposedly it becomes folded their profit for how many times. This means that bitcoin has been already proven and there is no doubt to put some trust than other cryptocurrencies and also it has proved that bitcoin is truly decentralized than the other one.