it's the most trusted , we saw many coins come and go so it's hard to trust a cryptocurrency
but since bitcoin has always been the first in market that's why it's so popular imo and that's why most fiat sites that accept crypto accept mainly bitcoin
other coins technology is now better , but you can't trust all the coins
Topic: Why is bitcoin the most popular cryptocurrency? - page 103. (Read 20710 times)
I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made. Honestly most of the other coins are scams and greedy ways that the developers make money. The only other coin I can think of that isn't a scam are dogecoins! What do you think?
Bitcoin is 100% the most popular crypto because it was made before any other crypto had been developed (in the same way that Bitcoin was developed), if Bitcoin was to come out now it would be tossed aside because there would either be a coin that is more popular than it, and/or coins would have way better technology than Bitcoin and then there would simply be no reason to use Bitcoin.To be completely fair, Bitcoin is great for what it does and my only issue is the fee/blocksize right now.
The first mover advantage can be very strong, especially early in the life cycle of a new technology.
The thing is though, that in more than half of innovations it is not the first mover that comes out ahead.
The thing is though, that in more than half of innovations it is not the first mover that comes out ahead.
I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made.
You answered your own question. The difference is that they still lack the infrastructure around them, they have almost no merchants accepting them outside of the crypto-sphere.
You could say that Bitcoin is slowly losing its dominance, especially when you look at the market cap of Bitcoin vs altcoins (ETH), but that has more to do with speculation than anything else imo.
After the price of bitcoin began to fall, the price of all crypto currencies, too, began to fall. Why falling bitcoin price to clear. 've all heard the pessimistic scenario, 1 Aug. Why, then price (ETH) fell too. This suggests that bitcoin is still a crypto currency № 1.
I would say it's the first "mainstream" crypto currency.
I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made.
You answered your own question. The difference is that they still lack the infrastructure around them, they have almost no merchants accepting them outside of the crypto-sphere.
You could say that Bitcoin is slowly losing its dominance, especially when you look at the market cap of Bitcoin vs altcoins (ETH), but that has more to do with speculation than anything else imo.
I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made. Honestly most of the other coins are scams and greedy ways that the developers make money. The only other coin I can think of that isn't a scam are dogecoins! What do you think?
Well if you'll think of it that ay, bitcoin is popular because it's been the oldest of all crypto coin so it is only normal that most community have already known it which makes it that popular which unlike other coin that has only been released like a year or two. There is ETH which is showing potential to be popular yet it is not a coin.Bitcoin provides a lot of opportunity to both young and adults in the community so it is only normal for people to spread word about something where they can all benefit.
Exactly, bitcoin is the oldest so definitely it has already itself. And now people are going into bitcoin because the price really surge in the last couple or years or so. While others try to catch up with bitcoin, however the hype on that coin died down and we didn't see the so called flippening. And more people are also learning how to earn bitcoin through trading and investment portfolio as well. So I guess bitcoin will remain the most popular crypto of all time.
The only other coin I can think of that isn't a scam are dogecoins! What do you think?
Doge coin was (is?) actually a joke coin where the developers made it just for fun. The coin ended up surviving till today thanks to the active community and the developers.I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made.
You answered your own question. I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made. Honestly most of the other coins are scams and greedy ways that the developers make money. The only other coin I can think of that isn't a scam are dogecoins! What do you think?
Because Bitcoin already has established infrastructure. There are sites, companies and merchants who accepted Bitcoin, big exchanges, local exchanges in almost every country, lots of people who accept it or willing to spend. Now, if you take some altcoin, you will have a very hard time exchanging it for your local currency or finding a place where you can spend it. The reason for this is because people don't see any need to work with altcoins if Bitcoin works just fine.
According to me the bitcoin being the most trusted digital currency as it is adopted by many nations and other coins are a just scam or the game of few days.
I think that all crypto currencies are the only way to unite people by a common idea. Bitcoin was the first crypto currency so it is more popular. If we do not see the constant evolution of coins and it will be a bubble. If this happens then all crypto will crash.
I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made. Honestly most of the other coins are scams and greedy ways that the developers make money. The only other coin I can think of that isn't a scam are dogecoins! What do you think?
You're right. One of the reasons why is it's the most popular is because it is the first ever cryptocurrency. Also because it took time before altcoins emerged, that's why for a long time Bitcoin has the spotlight, getting all the media attention. But it's slowly changing now as altcoins are getting better and better.
I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made. Honestly most of the other coins are scams and greedy ways that the developers make money. The only other coin I can think of that isn't a scam are dogecoins! What do you think?
Well if you'll think of it that ay, bitcoin is popular because it's been the oldest of all crypto coin so it is only normal that most community have already known it which makes it that popular which unlike other coin that has only been released like a year or two. There is ETH which is showing potential to be popular yet it is not a coin.Bitcoin provides a lot of opportunity to both young and adults in the community so it is only normal for people to spread word about something where they can all benefit.
I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made. Honestly most of the other coins are scams and greedy ways that the developers make money. The only other coin I can think of that isn't a scam are dogecoins! What do you think?
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