Topic: Why is BTC still top1 on the cryptomarket? (Read 870 times)

BTC is still number one because it’s the lost talked about and it revolutionized finance. Although alts are more usable, BTC was the first to successfully become mainstream. It does it’s job of being digital gold perfectly and I think it has 10x maybe even more before it becomes fully stable, the crypto market still has lots of growth coming. I’m excited to see what happens to all these alts, ETH and BTC are here to stay but most of these alts will fall off. My personal favorite alts right now are XRP, NEAR, CELO, and AXIE. I think these could have a potential 50x coming in the next few years.

In addition to being the first, Bitcoin is the crypto that is most trusted by investors as a digital asset with limited supply. There are some people who predict Bitcoin will hit $100,000 and I think nothing is impossible in the crypto market because previously nobody imagined Bitcoin breaking through $50,000

Bitcoin the first cryptocurrency in the world. We can digital acces the Bitcoin as a decentralize currency. Bitcoin the King of other cryptocurrency . It is a Digital gold now. Its transaction is easy and fast anybody want to purchase bitcoin so BTC still top 1 in cryptomarket........

Then what about yearn finance whose price is almost close to Bitcoin and occupies position 78 on the marketcap? then why Bitcoin always occupies the highest position clearly proves that the coin is very valuable and the very large market capitalization makes Bitcoin always occupy the top position and become the reference for altcoin prices to this day.

I think Bitcoin is currently able to survive and be number 1 because maybe the trading volume in bitcoin has an important influence on bitcoin rankings that other coins can't beat. some time ago there was a coin that wanted to replace bitcoin but it didn't last long.

Btc have a very strong reputation among all traders and developers...also in the majority of cases when the media have some news about the blokchain they always use the word bitcoin so it is the Interface of all the crypto market, lets ask the question if any other coin will have the ability to overtake bitcoin in term of market cap and try to find an answer

Bitcoin is like gold in crypto world, yes. It's even more rare by the way, cause we know that the max supply is 21 million here, and for gold it's undefined. Btc is like some kind of collectible item also.

You have to understand the history of bitcoin instead of comparing altcoin to the king of cryptocurrency. Bitcoin is like gold in fiat currency as bitcoin is the father of cryptocurrency because it is the oldest one and as far as I know altcoins are paired to bitcoin that is why when bitcoin pumps most of the altcoins are pumping as well vice versa when it goes down.

Because bitcoin is the first Crypto Currency in market and we cannot compared to other coins.

That's clear and I really support what you're saying because I myself also felt the change in my life after knowing Bitcoin in 2017, and this certainly cannot be denied by others and must also be acknowledged by many people that Bitcoin is really profitable.

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The advantage of bitcoin because it is the first crypto and has a community and developer from many companies, bitcoin has always been a reference in the price of other altcoins so it is difficult to beat bitcoin, this is different from competing altcoins, but the stable presence of coins makes the bitcoin market cap continue to decline and hope there will be altcoins that can replace bitcoin.

It is not new that Bitcoin is the father of all cryptocurrencies, it is the first ever cryptocurrency to be created and all other cryptocurrencies follow its lead. And yes, it is like gold in the forex market. Bitcoin will continue to be the first because it dictate the trend of all altcoins. if bitcoin is bullish then expect higher prices in the altcoins.

Because it has 60% of the entire global market cap, the first in the game, it is most trusted by people altcoins are feeble attempt to solve problems which they are not even consistent with. Bitcoin has a story which is clear and understandable. It doesn't rely on anyone to be used. It is the most available. There is no Centralized Exchange without Bitcoin, almost everything revolves on the existence of Bitcoin on the Blockchain ecosystem. You can get your answer here.

Some altcoins are ideas that have been created by sathosi, you can see ICO because projects need funds to develop projects, one thing I want to know from you, has Bitcoin developers ever done ICOs to develop Bitcoin's first Blockchain, I don't think so.
The price of Bitcoin is increasing because the supply is limited and it costs a lot of money to buy mining equipment, you can't see ETH and other altcoins if Bitcoin is not created.

IF what is meant by top 1 in the coinmarketcap ranking, because bitcoin has the largest market capital volume at this time $854,003,404,226 , maybe one day the number 1 position will be replaced if there is an alt coin that can exceed bitcoin's market capital. but it is very unlikely that other coins will flip bitcoin's number 1 position, because the current market movement is still following the bitcoin price movement, if bitcoin goes up almost all coins will go up and if the bitcoin price moves down then other coins will follow.

Bitcoin is number 1 because it’s the best, it’s really that simple. There are only a small % of entire marketcap left to be mined. It’s deflationary, it’s decentralized. In all honesty most alts are centralized shitcoins.

The digital currency, Bitcoin, has recently been widely discussed by the public. More and more people are interested in knowing and acquiring Bitcoin, as its rumored exchange rate is getting higher and higher.

Bitcoin is growing in popularity, especially after billionaire owner of Tesla Inc, Elon Musk, via his Twitter account, expressed his support for the new currency.

Musk said it was a bit late in realizing Bitcoin's potential, noting that he should have bought the currency eight years earlier.

The comment, followed by the tagging of "#bitcoin" on his Twitter profile, pushed the digital currency's value up 14 percent that time.

So, what is Bitcoin?

Bitcoin, often described as a cryptocurrency, virtual currency or digital currency, is a completely virtual type of money. In simple terms, Bitcoin can be thought of as a digital version of cash. Bitcoin owners can use the digital currency as a means of payment to buy products or pay for services. The inventor of Bitcoin is Satoshi Nakamoto, who is known to have launched the digital currency for the first time on the internet in 2009. However, Nakamoto's real identity is still uncertain as the name is apparently an alias. There are several people who claim to be the owner of the pseudonym. So far, there are already several services that accept Bitcoin as a means of payment, one of which is PayPal. Bitcoin can even be used to buy cars made by Tesla Inc.

Bitcoins become valuable because people are willing to exchange them for tangible goods or services, and even willing to exchange them for cash.

In my opinion, considering BTC is the same as gold in the FIAT market.
What makes BTC high in my opinion is because Bitcoin is an anti-inflation cryptocurrency. Unlike the currency in the real world. That's in my view. Plus its influence on Altcoins in the crypto market.

Bitcoin is just a test before mainstream adoption comes. When utility kicks in, cryptos like XRP and NEAR will be major winners because of their real world utility.

because of the limited number and the demand is quite a lot resulting in the value of bitcoin always reaching the highest number, it can be seen from the market cap obtained by bitcoin so far no one has been able to approach it, let alone be able to get rid of it. so it's clear bitcoin as you also say, that bitcoin is not only crypto gold but has become a rare diamond.