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Topic: Why is BTC still top1 on the cryptomarket? - page 4. (Read 870 times)

legendary
Activity: 2212
Merit: 1008
We all know Bitcoins as the first crypto currency. Even those who aren't familiar with the crypto market know about BTC. But if you think that BTC is useless, you don’t know the current situation.

It is said by economists that Bitcoin has become an integral part of the modern financial system. After all, Bitcoin is the reserve currency in China today. It provides offshore yuan. Moreover, all altcoins follow its trends, so I don’t think that any of them will replace it.
hero member
Activity: 2842
Merit: 772
Bitcoin is the ancestor of the entire cryptocurrency, everything went from it and it became a standard of its kind, and most importantly , it is decentralized, because most projects today do not have such a thing.

Most of the projects are still decentralised, but bitcoin is the first and prime mover, and without bitcoin maybe we will not any any of this cryptocurrencies. Some of the coins that comes with bitcoin during its early days has died already, but bitcoin keeps going strong.

As for the question, it's irrelevant for me, no one can touch bitcoin in the top and I doubt that there will be in the future. Bitcoin has cornered the market already, newbie investors started everything through bitcoin.
copper member
Activity: 966
Merit: 5
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

Starting with a question, if not for Bitcoin would there be a crypto space? Also, which blockchain is the most secure today? The answer is Bitcoin blockchain. Another question, which blockchain and coin started the main idea backing the crypto space till today? The answer is still Bitcoin, everything falls back to Bitcoin.
Let me explain further, Bitcoin brought about the idea of Peer-to-peer system of transactions which of course takes place in a very secure and decentralized manner; this idea is what many blockchains and platforms are still working with, developing on and improving on, because that's what is needed in the world today.
Yes, there are many other blockchains now but how many can you say is decentralized and trusted. Talking about trust, all these big players, organizations, cooperations coming into this space which coin are most of them buying? Is it not Bitcoin, what stops them from going for others, the simple answer is they know they can have their investments in Bitcoin and be sure of it. Therefore, the more they buy, the more the market cap keeps growing.
member
Activity: 896
Merit: 17
Bitcoin is the ancestor of the entire cryptocurrency, everything went from it and it became a standard of its kind, and most importantly , it is decentralized, because most projects today do not have such a thing.
full member
Activity: 854
Merit: 102
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

It is true as you described. That BTC has no role in the emergence of other blockchain technologies. Unlike the presence of Ethereum. But what we should know is that Bitcoin is the motor of all altcoins. Altcoins will not move without Bitcoin. Because current passive income continues through the Bitcoin blockchain system, one of which is the mining system. Bitcoin is also one of the blockchains that have been tested to be secure, and cannot be hacked. Even Bitcoin developers have not changed the Bitcoin blockchain system since it was created until now. Unlike Ethereum. Along the way, Ethereum has changed a lot, even trying with Ether2.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
Dummy coin. LOL.  Grin
You won't even see Ethereum, XRP or any crypto related coin right now without Bitcoin. Think of it this way. Bitcoin is the seed and Satoshi took care of it to grow more. Now, here we are just harvesting the fruits namely, ETH, etc....
Now you want to destroy the seed that grew into a tree and bear fruit, what do think will be next? Yes, let's say the fruit taste better (your example) than others but it still came from the same tree. I hope that makes sense. Oh, and that's just one reason out of many.
sr. member
Activity: 2086
Merit: 283
Vave.com - Crypto Casino
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

Because bitcoin is the first of many other cryptocurrencies that have been launched today, and bitcoin has also proven for more than a decade that bitcoin can withstand the various FUDs that have been spread by bitcoin haters, thus making everyone believe in investing and adopting bitcoin and making bitcoin is getting more valuable and able to be at the top, but even though there are currently several projects that offer a more modern technology system, I firmly believe bitcoin will never be defeated by other cryptocurrencies.
jr. member
Activity: 95
Merit: 2
Because Bitcoin is great for storing your money’s value, it’s good 2.0. Bitcoin is the non risky investment alongside Ehtereum. The rest are more risky becuase they aren’t as well established. I think that Bitcoin and Ehtereum will always be king and queen but after that I think a lot will change. The projects that will win out and not compete with Bitcoin and ethereum but coexist are going to be projects that can have mass adoption. I believe that the masses are coming and that’s why I’m so bullish on projects like NEAR because they are ready for the masses.
sr. member
Activity: 938
Merit: 251
I think what keep bitcoin as number one Cryptocurrency is the decentralisation, the immutability and the power it gives to individuals for personal financial liberty! With bitcoin, you are actually your own bank and you can move across all the continent of the world as long as you can connect with the internet. This is a very awesome development and powerful way to live on this planet!
jr. member
Activity: 277
Merit: 5
Guys, I understood one thing for sure. Everyone will agree that Bitcoin has not decentralized for a long time and TODAY has no innovative technologies, and it is also worse than 99% of alcoins for payment. But Bitcoin has one thing for sure, it is a strong community that, with all its might, supports it and does not allow it to fall into the mud.
jr. member
Activity: 277
Merit: 5
If we talk about Bitcoin,it's the same as we talk about the pioneer of Cryptocurrency. Many people who know cryptocurrency are just know bitcoin even though there are thousands of tokens and other coins. Like branding items, the most famous will most remember and also most used. BTC is also like the parent of other coins, if BTC price is quite volatility, other coins also have almost similar movements, many traders hoping Altcoin can stand alone and not follow BTC price but in fact it cannot. That why BTC still number one and most favorite coins for payment.
Favorite coin to pay?) To pay for what? With its transaction fees, paying for small purchases becomes impossible, what's the point of a currency that can't pay for bread?
full member
Activity: 294
Merit: 100
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
What makes BTC so high is because of the greatness that is in Bitcoin. For me, Bitcoin has a role for others, maybe you also know why Altcoins are in the crypto space. If we already know the cause of Altcoins in crypto, that's the answer to why BTC is great.
member
Activity: 686
Merit: 28
PUGG.io
In my opinion BTC is the pioneer of the creation of Cyptocurrency. btc is already the parent of altcoins in the blockchain industry. without btc maybe we don't know ETH, BNB, XRP, etc. that's why btc becomes a valuable asset by everyone. this is what makes it asset top 1 until now.
sr. member
Activity: 2660
Merit: 339
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
1. The innovations which includes the problems being addressed by bitcoins at very first time in human history.
2. Characteristics of bitcoin as a speculative asset.
3. Technically compatible in these day's Internet and smart phone's era.
4. Its strong community.

I guess this list may go endless but I tried to mention only the few which are more vital than other factors. I believe bitcoin will retain its place for sure in coming decades as well which may last up to centuries too.
hero member
Activity: 1498
Merit: 802
Leading Crypto Sports Betting & Casino Platform
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 more than just gold for now, they are the father of other coins, that's why bitcoin is so high, we also can't link bitcoin with other coins, they have been through difficult peaks in the past.

Bitcoin is much more important than any other coin, considering that bitcoin itself was the first coin to be introduced to the crypto world, so it's only natural that they are the king of other coins right now. not the process of their hard times being the number of coins that appear today.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
Going through history of cryptocurrency on Wikipedia we'll get to see the beginning days as 1983. By that time itself people have thought about it, and some form of development is in progress with different products like ecash, digicash, bitgold and so on.

By 2009 the decentralized cryptocurrency got created over the proof of work. Since then more cryptocurrencies reached the market, but this serves as the reference asset that makes it top on the cryptomarket even after the existence of more than 10k cryptocurrencies.
member
Activity: 177
Merit: 50
My Dream Comes True
If we talk about Bitcoin,it's the same as we talk about the pioneer of Cryptocurrency. Many people who know cryptocurrency are just know bitcoin even though there are thousands of tokens and other coins. Like branding items, the most famous will most remember and also most used. BTC is also like the parent of other coins, if BTC price is quite volatility, other coins also have almost similar movements, many traders hoping Altcoin can stand alone and not follow BTC price but in fact it cannot. That why BTC still number one and most favorite coins for payment.
sr. member
Activity: 1512
Merit: 326
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
Dummy ? bitcoin a revolution in digital payments first with cryptography. Just because now many altcoins have more technology and features, it doesn't mean bitcoin will be replaced. bitcoin will always be a pioneer in the crypto market. there could be a coin that you say is perfect in many ways. but bitcoin will continue to be the main one in crypto market.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
Bitcoin is number one because it was the first coin developed as a cryptocurrency and a recognized coin by the community too, it deserves the recognition as number one coin no questions  asked. Any other coin that came after bitcoin became known as an altcoin and because  of this bitcoin could not be buried in the haystack.
And besides this I should think it has the most money pumped into it.
And having it as a decentralized coin that creates no power for any entity group gives more people more motivated to use it because its the first decentralized cryptocurrency that gain the trust of the people.

Bitcoin is made to be a currency but since its not legally adopted to function as a currency so having it as an asset or investment has made mostly of the investors to experience the best profits more than they can experience from fiat alone.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
Bitcoin is number one because it was the first coin developed as a cryptocurrency and a recognized coin by the community too, it deserves the recognition as number one coin no questions  asked. Any other coin that came after bitcoin became known as an altcoin and because  of this bitcoin could not be buried in the haystack.
And besides this I should think it has the most money pumped into it.
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