Why is BTC still top1 on the cryptomarket? - page 5.

RealMalatesta

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

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

Because it is bitcoin? I mean that is all it needs and I think it will definitely stay that way for a long time as well. Bitcoin was the first one and all the other ones were not as good as the other ones, I personally feel like bitcoin is not only better than the others and not only it is first, but because it is also the biggest hence why it is biggest.

I know that didn't make sense when I first say it, but think about it, when something is biggest, it is not easy to drop it from the top. For example Tesla is the "best" electric car right now right? Well, other car manufacturers have been around for decades, ford is over a century long, don't you think they have enough money to spend billions upon billions on making the best ever electric car? They can do it but they are not doing it because Tesla is already big and when you are big it is hard to be not big anymore. Bitcoin is biggest, and that causes it to stay biggest.

tabas

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I get that you have to think that there's no use for bitcoin but you to think of it again. Bitcoin is the most used cryptocurrency. Just because that there's more project that's being built under Ethereum, bitcoin is already nothing?
That's nonsense, what about those projects built under Ethereum? are they really worth it? those nft, ico, ieo and other sort of projects? whether you have this opinion, it won't change the fact that bitcoin will always remain to be the top.

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Quote from: maruf01788 on August 07, 2021, 04:04:36 PM

Bitcoin is king of cryptocurrency. Because bitcoin is first cryptocurrency coin. Most of coin have central Controller. But bitcoin have no central authority or middlemen.users control it. I think no one can vanish bitcoin. This is power of bitcoin.

Bitcoin will always be the crowd's favorite and will always be on top not just of its high price but because of its capability to easily recover even a from a huge dump and is even set to reach another ATH after a long dump price.

And simply because altcoins have been very dependent on bitcoin that when bitcoin becomes bullish, most of them will follow the same path except for those coins that only have less potentials to survive and so they remain on the bottom.

maruf01788

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Bitcoin is king of cryptocurrency. Because bitcoin is first cryptocurrency coin. Most of coin have central Controller. But bitcoin have no central authority or middlemen.users control it. I think no one can vanish bitcoin. This is power of bitcoin.

isaac_clarke22

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

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No. They're different. BTC is decentralized and you should already know that.
Gold is regulated by feds. If you hodl Bitcoin in a non-custodial wallet, it is your BTC. It is yours forever, well not literally for obvious reasons, OP.

Now you're also comparing ETH with BTC? They're also different. BTC has no role? Read about "store of value", OP. ETH is mostly for Smart Contracts. You can mention ICO, IDO, IEO, NFTs, DEFI and whatever offering comes next, but remember back in 2017, a lot of ICO turned out to be just scam.

barhavsky

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because it is indeed feasible for Bitcoin to be top 1 on the cryptomarket until whenever, therefore no one will be able to replace Bitcoin, because Bitcoin is the king of cryptocurrency and of course without Bitcoin there will never be altcoin, so that is the reason why until now Bitcoin can still be top 1 on the cryptomarket and no one will ever be able to replace Bitcoin.

Mahdirakib

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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

~snip~ 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

Bitcoin is better than gold. The limitation of supply and adoption has made it popular than any other coins. You should address altcoins as dummy instead of bitcoin. Because most of the alts have no use case. Many of them have unlimited supply. Even ETH doesn't have supply limitation. Ethereum price wouldn't reach that high if there was no ICO, DeFi market on it.

Boomber

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Bitcoin remains the top 1 on the cryptomarket because Bitcoin is the most popular cryptocurrency and I'm sure there will never be any cryptocurrency that can replace Bitcoin until whenever, because in my opinion ranking 1 has become a permanent position for Bitcoin and no one can replace it, therefore I think Bitcoin is very worth it to be used as a long-term investment.

memed97

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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 itself is one of the most popular crypto currencies in the world. With the highest price that has ever touched the value of another $ 60,000 Altcoin it is very difficult to get the position of the value, if you see the value value is far behind Bitcoin, I feel with the Bitcoin value will remain the number one on the market.

konflikkastil

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It is the number one leading coin across all exchange for now, with so huge market volume it will be very hard for any coin to meet up with the current price BTC is trading in. There was a day, I stumbled on a particular coin on Binance. The so coin with less than a year of its creation has been able to reach $88k what BTC has not been able to achieve. And in less than five weeks it went down to $29k as of. The last time I checked. The name of the coin is Yearn Finance YFI. But one thing that I also noticed is that the market volume is nothing compared to that of BTC.

Rakeshten

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The main reason is that BTC is the first cryptocurrency of cryptomarket and Many companies are using it, so many people are only interested in investing in BTC and the full crypto market is dependent on Bitcoin when bitcoin comes down all altcoins follow it and comes down so we can say that BTC is the king of crypto market.

cricketkhampion

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because it is the oldest coin in the market and BTC has many investors. BTC has many supporters and you can see that BTC is listed in many exchanges. It is famous in the world that's why BTC still top 1

izsara

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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

I don't think that's what makes Btc the top of all altcoins, even with Eth. The simplest I can say is that fans, users, and things that become Btc are still the main thing is King. As long as the king is still standing, the people's desire to make the commander-in-chief of war (Eth) his successor still cannot move. Unless Eth did the Coup. LOL

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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

Usually each token and coin gets a certain position according to its daily trade volume. If you are aware of the market or follow the daily market, you will find that the amount of bitcoin traded per day is much higher than all other tokens or coins. So, btc always has top 1 in the coinmarketcap

nemey

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Bitcoin is a safe haven asset. In addition, many people think that Bitcoin is present as a new asset that can act as an inflation hedge. In addition, a number of large institutional investors expressed interest in buying Bitcoin and another factor that made Bitcoin price rise was the level of concern for investors to see the bank's efforts. central government dealing with Covid-19 will trigger inflation. Gold and precious metals are usually used to hedge against such risks.

glendall

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Bitcoin is just like gold in the fiat market. where bitcoin is the first coin in crypto and as a role model for other coins, even though there are coins that have the same price but cannot shift the position of bitcoin itself.
different from eth and other altcoins, there are too many frauds in the creation of new projects (new altcoins)

ene1980

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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

Learn about supply and demand and you will understand why the price is rising Tongue

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

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

The technological potential of billions of scam ICO we have seen throughout it small spam should be highlight, have you made any transactions with ETH anytime soon and how much you need to shell out for the technological superior alt. We need to sit and watch how long these DeFi and NFT hype will last, till now everything is fine, what happens after the next 5 years, how many of these projects will continue to progress in the next 5 years.

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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

Eth is garbage high risk for 1 reason

Mr V = Eth

If Mr V is slain Eth crashes
if Mr V is grabbed by a country and locked up eth crashes

The risk of having a 1 man boss makes eth pretty much garbage due to the extreme risk of all eggs in his basket.

Also if he switches to POS eth crashes as it becomes purely a speculative item based on the life of 1 person.

BTW the above are facts not opinions.

Now if Mr V stays clear of death and the Law while delaying POS for years to come Eth will do fine.

This is the bet you make if you hold ETH

jrrsparkles

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Quote from: cryptoknows on August 07, 2021, 06:23:49 AM

~snip
Again, all arguments boil down to the fact that this is the first cryptocurrency. Ordinary stones also have a limited amount, but this does not make them a precious metal. Until I see an adequate explanation for such a high price

Which stone you are talking about? Gold is extremely limited that is the only reason why it is expensive and the utility is just its secondary reason. And have you heard any news about rare stone found under the garden area and it has been auctioned for millions ever? Why people bought a stone for such high price because the availability is less while the demand keep increasing.

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Quote from: bizfyn_ru on August 07, 2021, 07:06:53 AM

Quote from: cryptoknows on August 07, 2021, 06:26:31 AM

Quote from: VanDeinsberg12 on August 07, 2021, 06:22:53 AM

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

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

It's better for you to learn the history of crypto rather than called the king of crypto as a dummy coin lol. Ethereum is just a forking version from the bitcoin. It was generated by the bitcoin code. The bitcoin code itself already forked by so many uninnovative developers.

BTC is the digital gold, the main currency of crypto, it was being created to help people to get into the financial freedom. Giving access to the decentralized economic

Calling btc a decentralized currency in 2021 is a very inappropriate statement

Lol. What can we say about the decentralization of bitcoin that it has long been not anonymous. This is nonsense. Bitcoin is a big and old shield coin on which nothing will be created, this is the bottom.
Ethereum, BSC, NEAR - all this will lead the cryptocurrency forward, and not this piece of shit.

I also have the same opinion. I do not completely understand the policy of BTC investors, why is it not easier to invest in candy wrappers? Moreover, BTC has not been decentralized for a long time, whoever has more than 51% in the pool can rule it, as in any centralized financial system. But this is not the point, for the BTC market it is a trigger that both boosts the rest of the crypto world and can easily destroy everything, everything that has been accumulated by many developers over the years! You mentioned such currencies as BSC, Ethereum, Near. These projects, like many others, are trying to give people technologies that will make life easier for people in the near future. It really is a fact, such projects should be supported, but definitely not BIG DADDY (BTC) who was overtaken by his own sons, he should not influence the rest of the crypto market so much

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