Topic: Why is bitcoin the most popular cryptocurrency? - page 23. (Read 20708 times)
Bitcoin is the most popular cryptocurrency because it has the biggest grow in the market and it is the very first cryptocurrency so that is so easy for bitcoin to become the most popular. As of now, it is still the most popular cryptocurrency since then so there is a huge chance for bitcoin to be more popular and have a massive adoption because of its popularity.
Because it was the first really successful cryptocurrency which made it to the news.
Bitcoin is the most popular crypto currency in the world . For few reasons this is the most vital currency , i have listed below . Please check.
First Crypto Currency : Being the primary digital currency of the world, It has an inherent
Simple to set up: Compared to customary Bank account Bitcoin record can be set up in minutes or even seconds!
Obscurity: Users can hold numerous bitcoin locations, and they aren't connected to names, addresses, or other specifically recognizing data.
Decentralized in Nature: The bitcoin organize isn't controlled by one focal specialist. Each machine that mines bitcoin and forms exchanges makes up a piece of the system, and the machines cooperate.
Simple to set up: Compared to conventional Bank account Bitcoin record can be set up in minutes or even seconds!
Quick: We can send cash anyplace and it will arrive minutes after the fact, when the bitcoin organize forms tarted broad research on this.
Fence against chance: As the money esteem is always debasing and individuals are confronting difficulties to stay aware of this unstable economy.
Merit point will encourage me to write good post more. Please give me merit , i beg you . Thanks you.
First Crypto Currency : Being the primary digital currency of the world, It has an inherent
Simple to set up: Compared to customary Bank account Bitcoin record can be set up in minutes or even seconds!
Obscurity: Users can hold numerous bitcoin locations, and they aren't connected to names, addresses, or other specifically recognizing data.
Decentralized in Nature: The bitcoin organize isn't controlled by one focal specialist. Each machine that mines bitcoin and forms exchanges makes up a piece of the system, and the machines cooperate.
Simple to set up: Compared to conventional Bank account Bitcoin record can be set up in minutes or even seconds!
Quick: We can send cash anyplace and it will arrive minutes after the fact, when the bitcoin organize forms tarted broad research on this.
Fence against chance: As the money esteem is always debasing and individuals are confronting difficulties to stay aware of this unstable economy.
Merit point will encourage me to write good post more. Please give me merit , i beg you . Thanks you.
It becomes more popular because of the social media, a lot of people are now writing some positive comments, blogs or even articles that helps to understand the use of bitcoin with regards to the latest technology.
Not much people are aware of blockchain and cryptucurrencies, so the only one thing they know is bitocoin. And people tend to trust more to things they have heard about or were discussed in media.
It becomes more popular because of the social media, a lot of people are now writing some positive comments, blogs or even articles that helps to understand the use of bitcoin with regards to the latest technology.
What do you mean by "most popular cryptocurrency":
1) largest cap,
2) transactions per day,
3) total amount of wallets,
4) accepted by most of payments services and systems.
1) largest cap,
2) transactions per day,
3) total amount of wallets,
4) accepted by most of payments services and systems.
BTC is the first and most liquid monetary unit of crypto economy, which arose in 2009. BTC forms more than 50% of the total market value of the cryptocurrency. BTC is most often used as a means of payment for goods and services as well as an investment instrument for speculation and long-term investments. Bitcoin is traded on every crypto exchange.
It has a biggest value of all, it's the first coin ever introduced to crypto world. It's the first factor of BTC popularity and it was covered by many television news so far.... It was published in our local channels, all of our local channels has tuckled it, people gat curios what is bitcoin and starter searching for answers...
Bitcoin is the first cryptocurrency so it is very popular cryptocurrency. Bitcoin has given a very comfortable returns to its investors make huge impact which people start spreading about it and people who benefited spreed about bitcoin by themselves is the biggest reason for biticoin's popularity. Thus bitcoin is the most popular cryptocurrency.
Probably because it was the first one, the pioneer, which means it had more time to establish itself (its been on news outlets more than any other crypto, and most people will relate cryptocurrencies with BTC).
Its high value also makes it more attractive / more "popular", but just being the most popular doesn't make it the best.
Its high value also makes it more attractive / more "popular", but just being the most popular doesn't make it the best.
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?
I think is 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. 
Because it’s the first and most decentralized of them all?
Internet currency, not attached to geographical position, political situation and economic changes. Military drunks and actions of the state regulator will never affect the value of this crypto currency. The only criterion that can affect the rate of bitcoin is the ratio of supply and demand.
Bitcoin is comparable in its value to oil or gold. It is created with the help of computer algorithms, which are very difficult to compose. As a result, the rate of entry of BTC into the market is very limited, as well as the amount of currency, its number can be as low as 21 million units. That is, bitcoin is a limited commodity, like oil or gold.
Bitcoin is comparable in its value to oil or gold. It is created with the help of computer algorithms, which are very difficult to compose. As a result, the rate of entry of BTC into the market is very limited, as well as the amount of currency, its number can be as low as 21 million units. That is, bitcoin is a limited commodity, like oil or gold.
This is called by economists "first mover advantage."
Google it.
Google it.
Yes you are right that bitcoin is the most popular currency beacause it's the first cryptocurrency and king of the cryptoworld but not only this one reason behind the popularity of bitcoins.
reason behind the popularity of bitcoin:-
▪️Bitcoin is first cryptocurrency
▪️We can easily transfer it all around the world
▪️The transaction fees is very less
▪️It is more secure and safe
▪️The price increament is very rapidly
▪️Too much profitable
▪️We can easily store it
▪️We can buy many things by it, beacause nowdays many of sites access bitcoin as payment method.
▪️very trsutable
▪️based on the blockchain technology
The above and more reasons are behind the popularity of bitcoin.
reason behind the popularity of bitcoin:-
▪️Bitcoin is first cryptocurrency
▪️We can easily transfer it all around the world
▪️The transaction fees is very less
▪️It is more secure and safe
▪️The price increament is very rapidly
▪️Too much profitable
▪️We can easily store it
▪️We can buy many things by it, beacause nowdays many of sites access bitcoin as payment method.
▪️very trsutable
▪️based on the blockchain technology
The above and more reasons are behind the popularity of bitcoin.
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?
I think its mainly because it was the first. no other reason.
There are other alts out there that serve a much better purpose when it comes to operating as a currency, but yet BTC is still the most popular.
Nut i dont think it will always be this way.
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?
I think its mainly because it was the first. no other reason.
There are other alts out there that serve a much better purpose when it comes to operating as a currency, but yet BTC is still the most popular.
Nut i dont think it will always be this way.
Beyond of "most popular", Bitcoin is ancestor of the crypto world. Yes, it is have some issues like high transaction fees and slow transfer then any other currencies but it is a classic. Most of people knows crypto world name of Bitcoin.
Now Bitcoin is the most popular cryptocurrency in worldwide. Because bitcoin is a stable coin, it is potential and it has great value. By investing on bitcoin we can easily make profit and it has bright future.
Bitcoin is the most popular, because its price is high, compare to other currency. We know that the price of bitcoin is continue to increasing and were almost people choose btc. Just bitcoin currency only that we can use for payments online and best for trading. That it gives big profit to the investors or to the people. Its more indemand, that's why bitcoin is most popular and it become successful currency in all.
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