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Topic: Why is it that is bitcoin is first in thought in mind in cryptocurrency - page 2. (Read 230 times)

sr. member
Activity: 700
Merit: 470
Hope Jeremiah 17vs7
First thing first, Bitcoin doesn't have Ceos because it is Decentralise and the reason why it still stands tall above all cryptocurrency is because of what it offers (check the bitcoin Whitepaper) and also because of Bitcoin core Community, they continue to solve and update every issue regarding bitcoin.
When planning to invest in Altcoins or token, Do thorough research about the coin or token before investing. Some things include :
  • The purpose of the creation of the token or coin
  • The Liquidity
  • Its community and others
One of the best altcoin to invest is Ethereum because of what it offers but you still need to know the best time to buy and sell. That's why is advisable to do your own research before any investment


hero member
Activity: 868
Merit: 952
Apart from the longevity feature of bitcoin and also the first cryptocurrency other features like its decentralization and security is part of what makes it cryptocurrency top coin. There have been other Alticoins that have been created to either correct some acclaimed errors of bitcoin and compete with it but along the line some either fail or had one or two scam accusations. So the ability of bitcoin to resist such and such attacks makes it the number one coin
The price of a single bitcoin and its market cap which is the most expensive of any cryptocurrency coin has made has added to it been the number one on the cryptocurrency log.

Also bitcoins ability to hedge against inflation and also store of value which has prompted many companies and businesses to accept it as a payment option has increased its popularity above other coins. Also the ability of bitcoin having the potential to grow in profits when hold for a long time unlike other cryptocurrencies is also a huge factor on why it is the number one coin.


I have someone that wants to invest in crypto but wants to invest in other coins he wants to know if other are same values as bitcoin and if other coins can be easily be exchanged or sell  or for purchases.

Bitcoin value is incomparable to other cryptocurrencies because of its decentralization, other coins are built in such a way that it could easily be manipulated by whales there by controlling the price movements of the coins. People looking to invest in other coins are either looking at the percentage of profits that could gain in short period of time. Some of this Altcoins can grow beyond 100x in a short period of time. They can also be traded on exchanges. Do not invest in Altcoins for long term gain some might die early
hero member
Activity: 644
Merit: 661
- Jay -
I want to know why is only Bitcoin in the limelight.
Bitcoin as the pioneer coin led the innovation of cryptocurrencies we see today. It is truly decentralized, that which cannot be said about most other coins. It is so decentralized that it does not have a CEO as you pointed out, only a founder, satoshi.
Its security which it gets from PoW is higher than that of other currencies, making it the most reliable. It has a limited supply while many other coins have infinite supply and the creators can just create more for themselves.

I have someone that wants to invest in crypto but wants to invest in other coins he wants to know if other are same values as bitcoin and if other coins can be easily be exchanged or sell  or for purchases.
They do not have the same values as Bitcoin, but some of them have enough liquidity to allow easy exchange.
Let them do their research themselves and decide what to buy, but do not invest in altcoins as a sort of protest against bitcoin.

- Jay -
newbie
Activity: 12
Merit: 2
First time I heard about crypto bitcoin was what was introduced to me that was way back 2015 the news kept spreading across the global crypto market and everyone seems to believe in their stock even at the worse point if you ask them why not in pains about your coin most of my friends will be like yes I’m in pain but I have to leave the money in the wallet that it will multiply x2 I will be like why are you so comfortable that it will get back he said to me that he have invested so many times and have not experienced loss “my questions “ is this possible and I made research I found out that is other crypto coins why is it that is only bitcoin that is more recognized in the crypto world is it because of the ceos or the. First in crypto currency’s. I want to know why is only Bitcoin in the limelight I have someone that wants to invest in crypto but wants to invest in other coins he wants to know if other are same values as bitcoin and if other coins can be easily be exchanged or sell  or for purchases.
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