Why is BTC still top1 on the cryptomarket? - page 2.

tabas

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Quote from: TopT3ns on August 11, 2021, 07:54:30 PM

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.

Other coins will never beat bitcoin at this time. It's been discussed for years that there might be some good coins that will rise but nothing ever happened and most of them are all not good coins.

Quote from: TopT3ns on August 11, 2021, 07:54:30 PM

some time ago there was a coin that wanted to replace bitcoin but it didn't last long.

Not just a coin but plenty of coins and projects that have thought of it.

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Quote from: Sithara007 on August 10, 2021, 11:40:35 PM

Quote from: livingfree on August 10, 2021, 04:51:19 PM

Also, its network is very much secured.

But being the first of them all also has a factor, if there's another name for the first cryptocurrency then it would be the other thing. Although not just being the first.

There are other factors like it's a lesser and fixed supply which matters a lot.

Security is the biggest advantage, IMO. Bitcoin may be the first "cryptocurrency" as per our definition. But there were attempts earlier. One of the first attempts was in 1998, when Wei Dai came up with his proposal for B-Money. Then there was Bit Gold from Nick Szabo. Perhaps the most important of the innovations of that time was Hashcash. But none of these innovations could garner widespread acceptance, like the way Bitcoin did. So I believe that the advantage with Bitcoin lies with it's security, and not with the fact that it was the "first".

Don't forget about e-cash by David Chaum in 1983.

Well, these ideas are forming from one to another and being built with those ideas that came first. But I do agree that with all of those ideas and development.

Only the biggest success is with bitcoin.

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Can the created bigger than his creator?

A very good question, the created van never be bigger than the creator in this case, bitcoin was the first ever cryptocurrency that actually gave people financial freedom and has been do so for years now, no matter how good these new protocols or blockchain platforms are today they won't be able to surpass bitcoin, because bitcoin gave birth to every single cryptocurrency on the market, any real investor will always buy more of bitcoin than any altcoins in the market.

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Quote from: livingfree on August 10, 2021, 04:51:19 PM

Also, its network is very much secured.

But being the first of them all also has a factor, if there's another name for the first cryptocurrency then it would be the other thing. Although not just being the first.

There are other factors like it's a lesser and fixed supply which matters a lot.

Security is the biggest advantage, IMO. Bitcoin may be the first "cryptocurrency" as per our definition. But there were attempts earlier. One of the first attempts was in 1998, when Wei Dai came up with his proposal for B-Money. Then there was Bit Gold from Nick Szabo. Perhaps the most important of the innovations of that time was Hashcash. But none of these innovations could garner widespread acceptance, like the way Bitcoin did. So I believe that the advantage with Bitcoin lies with it's security, and not with the fact that it was the "first".

mhine07

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Because bitcoin is the first cryptocurrency that have been develop to introduce in the world of cryptocurrencies. Etherium and other altcoins existed because of bitcoin, simply without bitcoin there are no crypto now. A lot of people now change their life because of bitcoin which is most profitable than gold.

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It wasn't new to hear this question, honestly.

But this is my take..Bitcoin is made first and it is simply to find more unique and more useful in the community which makes people give more interest in Bitcoin than the altcoins. And that other reason is that because of its price, that really growing and it was very enticing enough for the people to take some risk hoping that someday they earn more.

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Quote from: cryptoknows on August 07, 2021, 04:34:25 AM

Does BTC act like gold in the fiat market? Huh

I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

You are letting yourself to be impressed over nothing, ethereum has allowed all of those things to exist, are we better because of them? Of course not, millions of people have lost their money investing in all of those useless coins and projects.

Bitcoin is robust, you may think that being a currency is not very exciting but it is not supposed to be, bitcoin is supposed to become the cornerstone of this market and when an economic crisis comes there is nothing more valuable than something that can become a store of value, also even if ethereum is widely being used to speculate, who is actually buying anything with ethereum? Almost all of the transactions that include a real exchange of value use bitcoin and nothing else which gives bitcoin its massive value compared to any other coin that we have in the market.

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Quote from: cryptoknows on August 07, 2021, 04:34:25 AM

Does BTC act like gold in the fiat market? Huh

I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

No role itself? LOL!

If you do consider that bitcoin is the king of crypto or the first one then you wouldn't really have any doubts about it and don't question out because the community would surely or mainly support

and if ETH is really that good enough then it would really be on top 1 no doubt but the community would be the one will really be the main decider on whose gonna be on top.

If you do really believe that its ETH then its your choice but you cant blame out the community decisions.

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Quote from: topbitcoin on August 10, 2021, 04:15:41 PM

Bitcoin itself is what people knew first when they jump into crypto. And it is core of cryptocurrency when we can see almost all pair is started with BTC. I think with that 2, or maybe with bitcoin community which maybe created first and got a lot of users, and it means a lot of demands can cause it to be top 1 coin.

Also, its network is very much secured.

But being the first of them all also has a factor, if there's another name for the first cryptocurrency then it would be the other thing. Although not just being the first.

There are other factors like it's a lesser and fixed supply which matters a lot.

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Quote from: rosebrand on August 09, 2021, 08:40:22 PM

Just to let you know, the invention of bitcoin is what begot altcoin, bitcoin has been in existence for long before altcoins where been created, bitcoin being the oldest is the most popular and trusted cryptocurrency so far and this is more reason which it's at the top, no matter the condition of a father he is still the head of the family, the fact that the new blockchains are doing much more better than bitcoin doesn't mean bitcoin has lost it's purpose of creation.

the first one to come always gives a special impression, moreover, the development is very good, the trend always rises in the first decade of bitcoin's birth. although many new altcoins emerge with better technology, strategies, and real fundamental functions that are really needed, all of them will still refer to bitcoin. If we have an analogy, bitcoin is like the center of the solar system, although many new stars appear every day, the sun is still a special star in the solar system.
The highest market capitalization of BTC, traded in all crypto markets as a pair, market confidence is so strong that it has a large number of holders, making it a promising investment even with high risks. for those who like a challenge this will be a new thing to try.

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Bitcoin itself is what people knew first when they jump into crypto. And it is core of cryptocurrency when we can see almost all pair is started with BTC. I think with that 2, or maybe with bitcoin community which maybe created first and got a lot of users, and it means a lot of demands can cause it to be top 1 coin.

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Quote from: Digital_Lord on August 10, 2021, 03:43:13 PM

The first thing is that it is the first and successful Digital currency and it is increasing very rapidly so many people are only investing in BTC. They only know crypto just because of BTC. The second one is that we all know that all altcoins depend on BTC. SO BTC is the king of all coins.

Bitcoin is the major cryptocurrency, this is the first thing to say to introduce cryptocurrency to anyone though I have to agree that there’s no use for Bitcoin compare to other altcoins, it doesn’t affect Bitcoin at all because people show respect to BTC and they believe on it that’s why it remains on top. Bitcoin becomes more of an investment because of its value, many are investing to create profit, that is the normal scenario with Bitcoin.

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The first thing is that it is the first and successful Digital currency and it is increasing very rapidly so many people are only investing in BTC. They only know crypto just because of BTC. The second one is that we all know that all altcoins depend on BTC. SO BTC is the king of all coins.

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Quote from: cryptoknows on August 07, 2021, 04:34:25 AM

Does BTC act like gold in the fiat market? Huh

I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

Can't believe you don't know why bitcoin is still number 1 compared to all the alternate coins on the market, bitcoin is still the number 1 coin on the market and there's a possibility that it would remain that way forever, bitcoin is still the first in coin ranking for a lot of reasons like it was the first cryptocurrency and the most trusted crypto in the market, forget about the innovations these new projects have, without bitcoin been created we won't be here.

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Probably because btc was the precursor to the blockchain system. Until now the demand for btc is still high, and as we know the total supply of btc is limited and few. For me nothing will be able to precede btc for the future.

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Quote from: cryptoknows on August 07, 2021, 04:34:25 AM

Does BTC act like gold in the fiat market? Huh

I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

Bitcoin is the first coin created by Satoshi Nakamoto. and bitcoin has a very high popularity compared to other altcoins currently circulating on the exchange market. Although today many platforms have multifunctionality, the popularity can't be beat by anything. because in general everyone only knows Bitcoin in the cryptocurency world. that is why bitcoin will always be on top of other altcoins.

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Quote from: iTradeChips on August 10, 2021, 10:46:42 AM

The only reason that I can think of is that Bitcoin was the very first coin that was created. That's it. I don't think that there would any other explanation for that. I mean there are other coins that were created after Bitcoin that could have competed for the top spot, but still BTC reigns supreme. Followed by Ethereum who is also a close competitor for BTC but also considered the King of the Altcoins. I think it is really about the way it was conceived as an alternative to the fiat currencies that also gave BTC the edge.

That is of course the "only" reason for staying at top, but we have to also remember that it is getting the most exposure as well, mainly because it is the first one, but if there were more and more talk about some other coin, bitcoin would have dropped even though it was first. Look at television stations, news agencies and everywhere else and you will see that bitcoin is the most talked one, when a coin is the most talked one then it becomes the highest one, that is true for all the ranks, the more you talk about ethereum the higher it gets and solidifies the second position as well.

Long story short we are in a situation where we are talking about something that is quite obvious and that is basically endorsement from all over the world towards bitcoin. The moment people stop talking about bitcoin, it will drop like crazy, 2018 was sort of like that but no other coin got talked more during that time even though bitcoin was talked less than usual.

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Quote from: rahmathidayat93 on August 10, 2021, 11:24:32 AM

Quote from: kizlod on August 10, 2021, 11:19:39 AM

As i see it it's because BTC is first and most popular crypto. A lot of people think Bitcoin and crypto is the same thing. My mother thought that there is only BTC until i told her that there are thousands of cryptos. And o don't think she's alone in this.

It is still very reasonable to think about because the most famous in the cryptocurrency world is BTC, after that there are others, where Altcoin developers are always trying to build new coins that are better than BTC.

product and technological development may be better. but to see a larger capitalization value of bitcoin would be very difficult.
Bitcoin's dominance in the market is still too strong. even the top altcoins won't be able to dominate their position.

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Quote from: kizlod on August 10, 2021, 11:19:39 AM

As i see it it's because BTC is first and most popular crypto. A lot of people think Bitcoin and crypto is the same thing. My mother thought that there is only BTC until i told her that there are thousands of cryptos. And o don't think she's alone in this.

It is still very reasonable to think about because the most famous in the cryptocurrency world is BTC, after that there are others, where Altcoin developers are always trying to build new coins that are better than BTC.

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As i see it it's because BTC is first and most popular crypto. A lot of people think Bitcoin and crypto is the same thing. My mother thought that there is only BTC until i told her that there are thousands of cryptos. And o don't think she's alone in this.

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