Why people attract for the BitCoin than other crypto currency? - page 29.

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legendary

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Quote from: Xember on November 09, 2017, 02:47:17 PM

Quote from: amaljinadasa on November 08, 2017, 09:27:21 AM

Please give your opinions.

People prefer bitcoin simply because it is he most used and popular of all cryptocurrencies. Think of it this way, whenever there is a new fashion trend, people always follow that despite of being expensive, difficulty to attain or any other hindrance. The same principle applies, people prefer the most popular rather than those that aren’t.

That is a flawed logic. Infact you're stating the exact opposite,fashion trends keep changing as days pass by and not one sticks to the same fashion for long.This isn't the case with bitcoins,the fashion changes that is new coins keep coming but people still stick to the old fashioned bitcoin.

Quote from: ArnoldChippy on November 09, 2017, 02:40:21 PM

Bitcoin is the first invention of crypto. It will not be wrong saying that bitcoin originated crypto. The alts are the copy of bitcoin therefore people prefer bitcoin being the original one. Even today the alts marketing strategies include the point that says that it is a currency like the bitcoin. Technically the marketing is promoting bitcoin. The other reason is that bitcoin has proved itself as a best investment and investors are satisfied with the return they get from it. Bitcoin is less risky as compare to the other alts. It still has a high market cap with a very limited number available in market.

Half accurate and half shitpost. Getting to the point,bitcoins volatile nature is highly risky for the investors.Had it been only for the profits,bitcoin wouldn't have come this far.The amount of people adopting to the culture is what makes it favourite of all.

Xember

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Quote from: amaljinadasa on November 08, 2017, 09:27:21 AM

Please give your opinions.

People prefer bitcoin simply because it is he most used and popular of all cryptocurrencies. Think of it this way, whenever there is a new fashion trend, people always follow that despite of being expensive, difficulty to attain or any other hindrance. The same principle applies, people prefer the most popular rather than those that aren’t.

ArnoldChippy

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Quote from: amaljinadasa on November 08, 2017, 09:27:21 AM

Please give your opinions.

Bitcoin is the first invention of crypto. It will not be wrong saying that bitcoin originated crypto. The alts are the copy of bitcoin therefore people prefer bitcoin being the original one. Even today the alts marketing strategies include the point that says that it is a currency like the bitcoin. Technically the marketing is promoting bitcoin. The other reason is that bitcoin has proved itself as a best investment and investors are satisfied with the return they get from it. Bitcoin is less risky as compare to the other alts. It still has a high market cap with a very limited number available in market.

cryptocrusher

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Quote from: Jesabela04 on November 09, 2017, 01:09:30 PM

Quote from: amaljinadasa on November 08, 2017, 09:27:21 AM

Please give your opinions.

It is because bitcoin is the main cryptocurrency and it was the first one to grow from less than a dollar to $7000. A lot of people were able to become rich because of bitcoin, that is why it is so famous and that is also the reason why big investors are investing in bitcoin.

Exactly, bitcoin is the founding father of all cryptos and still to this day is the only one that is known by the majority of people. When such a thing happens as with the price it makes shockwaves around the world and draws mass attention. In time other cryptos will catch up but perhaps they will never surpass bitcoin.

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Quote from: amaljinadasa on November 08, 2017, 09:27:21 AM

Please give your opinions.

It is because bitcoin is the main cryptocurrency and it was the first one to grow from less than a dollar to $7000. A lot of people were able to become rich because of bitcoin, that is why it is so famous and that is also the reason why big investors are investing in bitcoin.

PhucS

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As far as I know, Bitcoin seems to be the first encoding currency, the first cryptocurrency. It was born about 10 years ago, when few people knew about it but when its value increased a bit, it seemed to have attracted people. And since then, its value has been rising steadily and very high, making it one of the most valuable and profitable investment channels for investors. In terms of value, Bitcoin has no competitors. In addition, the media information about Bitcoin can also make it more attractive.

mininghubby

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Quote from: audrey12 on November 09, 2017, 12:47:55 PM

Bitcoin started the crypto currency market it's the first and considered the father of all cryptos also bitcoin popularity and trust gets wider a lot of testimonials of bitcoin users says that this is a great investment to take and that can possibly change your life and make you financially stable and today with bitcoin increasing value appreciation more and more people turn their heads and get interested with bitcoin investment.

because bitcoin is first digital cryptocurrency. and which gives more profit than other digital currency and most of the people don,t know about other currency than bitcoin.and with the passage of time rates of bitcoin going higher..that,s why people attract for bitcoin than other currency

audrey12

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Bitcoin started the crypto currency market it's the first and considered the father of all cryptos also bitcoin popularity and trust gets wider a lot of testimonials of bitcoin users says that this is a great investment to take and that can possibly change your life and make you financially stable and today with bitcoin increasing value appreciation more and more people turn their heads and get interested with bitcoin investment.

Rishabh riyz

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Bitcoins is Like father to other crypto currencies. BTC made crypto currencies an topic of interest, people came to know that Digital currency exist because of BTC , the major factor of bitcoins being on the top is its value.
People buy other crptocurrencies by using btc this shows re influence of BTC in the crypto world. BTC is accepted by some major companies directly like DELL and Microsoft while on the other hand no companies accept altcoins as a mode of payment.

Sweety girl

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The influence of bitcoin is getting bigger and bigger. The market value of other cryptocurrencies is getting higher and higher, but other cryptocurrencies are always influenced by bitcoin. Bitcoin is the key factor that determines them, so the impact is even greater.

Matthewmorris4

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that's not the point, people are interested because they look at the bitcoin-"country's currency" POV, whereas altcoin actually plays an important part too. In trading, the current price of bitcoin would be nothing if there were no altcoins, all of them are interrelated

DoublerHunter

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People are attracted to bitcoin because they know that bitcoin is the primary and the main type of cryptocurrency and because of bitcoin you can also get the other cryptocurrencies so it is like the best option to start rather than the other cryptocurrency because with bitcoin you can get all the cryptocurrencies that you want while if you start in other cryptocurrency then you will not be able to get the others.

azhar700

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because bitcoin is the parent, the first digital currency, almost all altcoin refers to bitcoin, and in coinmarketcap bitcoin is the first. So reasonable if the popularity of bitcoin is superior to other crypto currency. Bitcoin is the world's digital currency.

Fretcy

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People are attracted more on bitcoins than other crypto currencies because of the rise in price and bitcoin is also called the king in the crypto market, every other crypto currencies are a mere clone of bitcoins with a updated version of crypto currency, Infact bitcoins can make other crypto currency a trillion dollar market. Bitcoin technology gives a sense of financial freedom to the user's any one from any part of the world can transfer bitcoins within seconds without the help of third party like the central banking system and all transactions are recorded in the public ledger called the blockchain technology which can be accessed by anyone at anytime from any part of the world where there is internet connection, this bitcoin technology has highly secure, decentralized and transparency rate is high these factors attract more people to the bitcoin community.

Siopao

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Bitcoin is the pioneer in cryptocurency, it has gained the trust and have been patronized by most of the crypto users. Bitcoin offers great possibilities and opportunities in financial growth through investments. From the past years since it have been established it have proven that its sustainability beyond its value fluctuation. I believe that bitcoin will continue to grow and more people will benefit from it.

norahm

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Honestly- Same reason people would call any credit card "Visa", and any plastic container "Tupperware". It was the first, and is the biggest.

genology

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People are attracted to Bitcoin because simply it is the most famous and successful among its kinds. Its popularity and success lessens the risk associated when investing in it because it is more likely to succeed in the long run.

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Quote from: amaljinadasa on November 08, 2017, 09:27:21 AM

Please give your opinions.

Dont ask why, if you see where bitcoin stands and how it rapidly grow you can easily say that bitcoin is the top priority for the investors. Bitcoin is on top of the cryptocurrency that is why people is easily attracted to bitcoin.

Delarock

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Bitcoin is the first and currently the strongest coin on the market. It is no surprise that people are still staying with him, but soon other Crypto will be able to surrender the BTC and we will witness the great breakthrough.

Bestcoin-fan

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The true Bitcoin is the true Money as soon as you, and no one else, control your private keys, that is indeed your own money forever. No government, no inflation, no thief can steal them from you.

And the Bitcoin is the most reliable, it is gold-like in crypto currencies. Look at the Ethereum which is second in capitalization. Personally, I don't trust the Vitalik, investing in his ethereum is like "to build building on sand", to my mind. I wrote in another thread, for example:

Quote from: Bestcoin-fan on November 05, 2017, 06:16:01 AM

Quote from: alko89 on November 05, 2017, 05:36:15 AM

I run a Bitcoin Core node at home. But might switch to Parity Bitcoin if it will be as good as Parity for Ethereum.

As for parity wallet, personally, I'm very cautious, skeptical about that Vitalik (good guy would have never gone for a meeting with Putin), his ether, ICOs, and everything that comes from them. But of course, that's just my personal opinion

Topic: Why people attract for the BitCoin than other crypto currency? - page 29. (Read 3439 times)