Why people attract for the BitCoin than other crypto currency?

qwertyup23

hero member

Activity: 2282

Merit: 795

Over the past ten (10) years from today, bitcoin was created along with the blockchain technology (which has been utilized as its ledger) by Satoshi Nakamoto in order to cater for more security, less inflation and for convenience. Bitcoin has been the reigning cryptocurrency and its price has been maximized by investors in order to earn short or long-term income. Though some altcoins are showing potential in terms of its price nowadays, bitcoin still influences the prices of most altcoins in the market, making a direct-proportional relationship on their prices.

Quote from: rahul10948 on April 18, 2018, 12:27:54 AM

It’s very likely because bitcoin is the very first cryptocurrency made and it has a high value among the other cryptcurrency or altcoins. And also, people are depending on what media display about cyptocurrency, they are focus on bitcoin rather than the other altcoins, but hopefully altcoins will be recognized sooner, not just bitcoin. all around the bitcoin atm is being installed rather than altcoin as it difficult to install 1500+ altcoin atm. So bitcoin is the solution

The media has been proven to influence and attract most investors/traders into allocating their investment plan into bitcoin. It created this hype throughout the media and has scattered throughout different social media platforms like facebook, twitter, etc. This skyrocketed its price, garnering more investors and traders across the world due to the law of demand and supply (which ultimately lowered its price from around $19,000 last year to less than $9,000 today).

CarlosWhite

newbie

Activity: 26

Merit: 0

People are attracted to Bitcoin because its the first of its kind before other altcoins, litecoins etc came up, and it also has the highest value which is still increasing

david roman

newbie

Activity: 130

Merit: 0

Bitcoin is the first cryptocurrency and it popularize the system, I known bitcoin before I know any other crypto. Bitcoin has take a hold as the undisputed brand among all cryptocurrency. And in terms of return of investment, bitcoin remains to be the most reliable and profitable.

nacareng

newbie

Activity: 211

Merit: 0

Bitcoin is the latest Cryptocurrency and is the most powerful and most famous of all Cryptocurrency. Therefore, more and more people entrust their luck in their lives or even the source of income from Bitcoin because its market value is very expensive. Bitcoin on the other hand is a real currency that you can actually use to buy offline stuff offline and it will always give you an edge.

h31s3nb3rg

jr. member

Activity: 308

Merit: 2

Quote from: amaljinadasa on November 08, 2017, 08:27:21 AM

Please give your opinions.

I think the main reason is because of it's value. As of today Bitcoin has the highest value in all crypto coin so people see that as a great factor or opportunity to earn a lot of money . Aside from that , bitcoin is the most popular among the other coin so people easily choose bitcoin than choosing other coin that they rarely heard.

Ajinomoto40

full member

Activity: 338

Merit: 100

Buy, sell and store real cryptocurrencies

Quote from: amaljinadasa on November 08, 2017, 08:27:21 AM

Please give your opinions.

it is because the bitcoin is the most popular coin among all coins in crypto.market. the bitcoin is the most valuable and the most profitable coin compare to other coin, that why people is attracted to it.

Roaid

jr. member

Activity: 42

Merit: 3

Because Bitcoin is the first one. This is the so-called first-mover advantage.
Perhaps other currencies have one or the other advantages, but Bitcoin is the first known virtual currency. Countless legends take place in the history of Bitcoin.
Most of the public do not understand technology, but they are not stupid. The value of money does not come from technology, but comes from consensus.

ejswift

member

Activity: 253

Merit: 10

Quote from: amaljinadasa on November 08, 2017, 08:27:21 AM

Please give your opinions.

people easily get attracted by bitcoin because of its price and if you invest one of that you could gain more profit than other cryptocurremcy coins

Getmon

sr. member

Activity: 1400

Merit: 273

Quote from: amaljinadasa on November 08, 2017, 08:27:21 AM

Please give your opinions.

The primary reason why people are attracted into Bitcoin more than any other cryptocurrency is that Bitcoin is the first among all, giving it a lot of edge in terms of popularity. No wonder why Bitcoin is the number coin even if there are already more than a thousand new coins. We may even admit that there are many coins right now that are ahead in terms of technology but still Bitcoin remains the most known and bought. It has proven to be dependable over the years.

Ondre

jr. member

Activity: 238

Merit: 1

https://i.imgur.com/iwknjIj.png

Quote from: amaljinadasa on November 08, 2017, 08:27:21 AM

Please give your opinions.

They prefer, even me Bitcoin rather than any other altcoins because it is more establized and more known to people now a days and since it is the highest crypto in the market, so why risk in other not yet known coins if bitcoin is already stable.

labilaab

member

Activity: 616

Merit: 11

TRADE WITH NEGATIVE FEES

Maybe because Bitcoin is the forefather of all cryptocurrency and the dominating in coinmarketcap now.And besides it’s the first cryptocurrency being introduced and known by many despite of its confusing decimal places and flaws of its slow transaction sometimes.

tentara pelajar

newbie

Activity: 210

Merit: 0

Because bitcoin is the most popular and highest value and is supported by bitcoin coverage, all media only presents news about bitcoin.

OlegK41

member

Activity: 714

Merit: 10

I would not say that most of all people are attracted by Bitcoin. There are people who prefer other crypto-currencies.
But in general, Bitcoin - it's Dad, he can say the prophet of all kriptovalyut. It exists more than other crypto-currencies. And during this time showed its strength.
I think that's why most people choose Bitcoin.

zavox77

newbie

Activity: 182

Merit: 0

I think why bitcoin are more attracted than other crypto coin because Bitcoin is the first functioning model of a blockchain and has the advantage of having a head start. and Bitcoin is a popular brand. Even people who don’t use Bitcoin still likely know its name.

odakorlina

member

Activity: 280

Merit: 10

People attract for the Bitcoin than other crypto currency its because the strongest and the most popular cryptocurrency. The price of the bitcoin also is keep increasing and it is one of the reason why many people are attracting to the bitcoin. Many big multinational companies are using Bitcoin. So this reason are attract more people towards it instead of other crypto's

trry98

newbie

Activity: 82

Merit: 0

Because bitcoin has high value, we all know the reputation of Bitcoin, and most ordinary people may know Bitcoin. And Bitcoin is also very convenient for the future life. We can get more returns on Bitcoin investment.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: rahul10948 on April 18, 2018, 12:27:54 AM

It’s very likely because bitcoin is the very first cryptocurrency made and it has a high value among the other cryptcurrency or altcoins. And also, people are depending on what media display about cyptocurrency, they are focus on bitcoin rather than the other altcoins, but hopefully altcoins will be recognized sooner, not just bitcoin. all around the bitcoin atm is being installed rather than altcoin as it difficult to install 1500+ altcoin atm. So bitcoin is the solution

The main reason is, bitcoin is the king and that is why the altcoins or other cryptocurrency just obey the trend of bitcoin and we can see that when bitcoin goes down very hard from the last few weeks and we can see that the price of the other cryptocurrencies goes down hard too so that is why they prefer the king over the others.

LynielZbl

full member

Activity: 336

Merit: 107

I think it is because of the popularity of the bitcoin much more spreading out compared to other cryptocurrencies. That is why is has the highest price value. When media is talking about digital currencies, they always reffer first to bitcoin. Additional attractment is the testimonial of us, the users of bitcoin which also attracts people. We motivate our friends and relatives to also invest into bitcoin because of what it can do to our financial needs but i also tell them how volatile it is so that they must aware of it.

rahul10948

full member

Activity: 378

Merit: 114

It’s very likely because bitcoin is the very first cryptocurrency made and it has a high value among the other cryptcurrency or altcoins. And also, people are depending on what media display about cyptocurrency, they are focus on bitcoin rather than the other altcoins, but hopefully altcoins will be recognized sooner, not just bitcoin. all around the bitcoin atm is being installed rather than altcoin as it difficult to install 1500+ altcoin atm. So bitcoin is the solution

ereme

newbie

Activity: 30

Merit: 0

Quote from: amaljinadasa on November 08, 2017, 08:27:21 AM

Please give your opinions.

People go for bitcoins because:

1) It is the first crypto currency and thus most of the people invested in it.

2) It has proved itself for last 8 years.

Topic: Why people attract for the BitCoin than other crypto currency? (Read 3471 times)