Topic: Why is bitcoin the most popular cryptocurrency? - page 92. (Read 20710 times)
Bitcoin is the most popular of the cryptocurrencies because it came first and so he has a head start. Other cryptocurrencies it is only imitation of the original. Constantly on the cryptocurrency market appearing and disappearing coins. While bitcoin has always. This is its value.
Bitcoin has the advantage of being the first, as some have pointed out. Cryptocurrency is still a ways from being mainstream, but people are starting to recognize the bitcoin name/brand, even if they dont quite understand the technology and its use yet
What I read is Bitcoin is founder of cryptocurrency so it is most popular cryptocurrency. since it started the rate performance is very attractive and its performance is bullish so it is most popular and before.
Any thing first in the industry would be the top in the future and always.See Facebook and Microsoft. But Bitcoin was built with a good insights.
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 it is because of its value, when bitcoin started it no one even bothered to think of it as an investment opportunity but now everyone is getting hype of getting atleast 1 bitcoin which makes it very popular specially this year 2017.
I think it's not just because the value of bitcoin but rather the volatility that make people want to take opportunity of making money from this. If it's about value, there's also some of altcoins that have price far above bitcoin but rarely known by people.
Why it is the most popular cryptocurrency? It is the most popular and most used cryptocurrency because it is the 1st and father of them all. Altcoins are interconnected and correlated to bitcoins. If BTC market goes up or down, it can affect all the altcoins in a good or bad 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?
Simple hasty generalization have lead the bitcoins to succeed among other crypto currency. When someone say something about digital money, they more likely think about bitcoins than with other cryptos. This increase in the popularity of the BTC reflected on it's demand thus, making the value grow exponentially. Most of the alt coins you thought that are scams are actually just similar projects that failed to hit the market.
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?
Simple hasty generalization have lead the bitcoins to succeed among other crypto currency. When someone say something about digital money, they more likely think about bitcoins than with other cryptos. This increase in the popularity of the BTC reflected on it's demand thus, making the value grow exponentially. Most of the alt coins you thought that are scams are actually just similar projects that failed to hit the market.
Bitcoin is the most popular crypto currency in the world for the simple reason that it appeared before others (in 2009), all other crypto-currencies appeared later and were created as an alternative to bitcoin.
It is the first cryptocurrency and has the highest value among all cryptocurrency. Many people only know bitcoin and generalize that only bitcoin is the digital currency. Those who don't do further research about it would generalize something like that but for those who do, they know that it is just one of the thousand of crypto and the most popular because of its price, there are so many supporters from its community and deep pocket investors. Most of the businesses also who accept digital currencies only accept bitcoin.
Many AltCoins aren't scams... They are just projects that failed, but I believe the intention of their creators wasn't to scam the adopters, they want to make their coins increase its price, they want to see people adopting it, they put some different features on their coins which make them a bit different from Bitcoin, but people don't buy it... It's not their fault at all.
But I must agree there are many other AltCoins that are created with the solely purpose to scam investors.
About Bitcoin, you know why it's the most popular Crypto-Currency as you already said on your post. It was the first Crypto-Currency to be created and all the others that come later were somehow a clone of Bitcoin.
But I must agree there are many other AltCoins that are created with the solely purpose to scam investors.
About Bitcoin, you know why it's the most popular Crypto-Currency as you already said on your post. It was the first Crypto-Currency to be created and all the others that come later were somehow a clone of Bitcoin.
I think bitcoin is the most popular cryptocurrency because it is first digital currency..The value is high & it is still rising day by day.Bitcoin has given people to grow with financial support.
What I notice about Bitcoin is Bitcoin is the most Popular cryptocurrency compare with other cryptocurrency due to the first in its innovative method. Bitcoin has given people to grow with financial support.
Lot of people doing Bitcoin as full time job and running their family and fulfilling the family requirement.
Lot of people doing Bitcoin as full time job and running their family and fulfilling the family requirement.
The consistency of the rate of Bitcoin is very positive and attractive also having a proven track record of success so Bitcoin is the most popular crypto currency.
Yes the other name for bitcoins is "The Father of cryptocurrencis" because it is the first of it's kind.The other cryptocurrencis were second to bitcoin.It is popular among people because it made many people rich who had invested in bitcoin at the time of its birth.There are still people investing and mining in bitcoins and are making a huge profit out of it so it's natural for it to become popular.
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 agree with you it is the first ever crypto currency ever created and bitcoin presence in the marketing is getting stronger and the support of investors is getting bigger.
I think all crypto currencies are the only way to unite people with the same idea. Bitcoin is the first known crypto currency. If we do not see the constant change of coins and it will be not knowing the direction.
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 it is because of its value, when bitcoin started it no one even bothered to think of it as an investment opportunity but now everyone is getting hype of getting atleast 1 bitcoin which makes it very popular specially this year 2017.
I would say because Bitcoin is the first cryptocurrency ever made, so Bitcoin had a head start from the others. And of course being the oldest means being the most known cryptocurrency, this is attracting more trust because we don't really know who is satoshi nakamoto and there is no proof that he is using his Bitcoin for couple of years.
3 reasons for why bitcoinis the most popular currency i. Cryptoworld :
1) first ever to bring this tech to the world.
2) stood the test of time for many years already
3) perfectly engineered and a strong dev team.
Moreover, bitcoin is the first cryptocurrency on the planet and it is trusted by many hackers and dark organization in the past. They used to spend bitcoin in deepweb and you can see that bitcoin was/is very common when you log in to the darkweb. It is centralized and provide people the anonymity that they want to they can make shady transaction without any problem 1) first ever to bring this tech to the world.
2) stood the test of time for many years already
3) perfectly engineered and a strong dev team.
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