why you mostly like bitcoin compare to other digital currency? - page 17.

Ceizer54

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Quote from: Insertion on October 01, 2015, 07:56:50 AM

i heard many Cryptocurrency but why people mostly use bitcoin?

Because bitcoin is the most popular and stable currency of other cryptocurrency till date..it's also the oldest and high valued of all the others..Bitcoin is also the first of it's kind (cryptocurrencies)..Another Reason is most gambling sites and online wallets accepts only bitcoins not the other coins!

dothebeats

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Quote from: avatar_kiyoshi on October 02, 2015, 03:47:54 PM

Quote from: Insertion on October 01, 2015, 07:56:50 AM

i heard many Cryptocurrency but why people mostly use bitcoin?

The father of cryptocurrency Grin

and because this is the most popular. mostly, but not all altcoin is turn into sh*tcoin in the end. more adopter accept bitcoin than altcoin. you can buy most everything with bitcoin.

Bitcoin was the most successful cryptocurrency created as of now, but a decentralized, peer-to-peer cryptocurrency was also proposed by Nick Szabo back in 2005. Here is one link containing his idea about BIt Gold.

avatar_kiyoshi

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Quote from: Insertion on October 01, 2015, 07:56:50 AM

i heard many Cryptocurrency but why people mostly use bitcoin?

The father of cryptocurrency Grin

and because this is the most popular. mostly, but not all altcoin is turn into sh*tcoin in the end. more adopter accept bitcoin than altcoin. you can buy most everything with bitcoin.

thinkinger

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first , reliable , easily found , easy wallet , widespread usage.

dothebeats

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Quote from: NorrisK on October 01, 2015, 12:46:15 PM

The reason that most people use it the most is because it is one of the only cryptocurrencies that can actually be used in the real world.

Can you buy stuff in your local coffeeshop with one of your other coins? I guess not.

This reason fits perfectly to the question (though we must admit that widespread application of bitcoin usage isn't there yet). Why would I use other cryptos out there that is probably not being accepted by merchants when I can simply use bitcoins to transact? Say for example, I want to buy a Steam game that has below market rates. Should I use other coins to finish the deal? Of course not, simply because many merchants/sellers/retailers are also interested on gaining bitcoin, they will consider it as a form of payment and not other cryptos (which are mostly pump and dump scams).

GamNoob

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Just love, no other reason.

thejaytiesto

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Quote from: shorena on October 01, 2015, 08:05:10 AM

Quote from: Insertion on October 01, 2015, 07:56:50 AM

i heard many Cryptocurrency but why people mostly use bitcoin?

Because of the network effect. Bitcoin as the first currency of its kind has the highest adoption rate which makes it the most usefull crypto currency. There are probably alt coins out there that are an improvement over bitcoin from a technical perspective, but it cant be used as long as no merchant is accepts it. The more bitcoin is accepted to strong this effect will become.

The network effect is 50% of a coin's success but the rest is hard work and dedication by good devs, and the devs (leaving all the stupid drama as of lately) are doing a great job and will continue to do so. Meanwhile I can't fully trust devs from other coins because they are just trying to come up with some gimmick trying to replace Bitcoin.

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Quote from: Rude Boy on October 02, 2015, 09:33:03 AM

First of all "First impression s the best impression" and/so, the bitcoin is the first digital currency ever invited/created and fortunately it was the best cryptocurrency (imo). And at least we can find more markets/shops for bitcoins and not much for other cryptocurrencies.

Bitcoin made a first impression among us that is best impression too. When we are using paypal for internet money transactions, we get a freedom of transacting with very less price in the form bitcoin. So, people struck with the liberty provider.

zero01

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because bitcoin is the center of Cryptocurrency
bitcoin is more simple to use and very easy to find, the advantages of bitcoin makes it widely used by miners coins

ATguy

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Quote from: maokoto on October 01, 2015, 11:43:04 AM

Other altcoins are faster to transfer or have more interesting features (more privacy, rewards for holding, etc.) and I would tend to use them if they were as popular.

All of these altcoins features have drawbacks as well, with faster to transfer you increase orphan rate especially for bigger blocks (you waste more hashrate), with more privacy you have to increase the size of similar transactions in bytes, and rewards for holding dont work for cold wallets - so you take some risk of losing your coins to get the rewards.

I wonder whether the Bitcoins parameters mostly were set right by accident or deepth thought. The only bad decision was the definition of Bitcoin as 100.000.000 satoshi (should be many order less), and the 1MB blocksize limit (original Satoshi 32MB blocksize limit was changed by so called "experts" withouht much thought what happens in future...(like 640KB memory size will be sufficient forever...))

Coinminer11

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Btc is my favorite because it has a greater following imho. More people take btc than any other crypto. Also when you refference btc most people can relate it as a crypto vs saying I hold (insert altcoin name here)...

Rude Boy

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First of all "First impression s the best impression" and/so, the bitcoin is the first digital currency ever invited/created and fortunately it was the best cryptocurrency (imo). And at least we can find more markets/shops for bitcoins and not much for other cryptocurrencies.

boby-1

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Quote from: Insertion on October 01, 2015, 07:56:50 AM

i heard many Cryptocurrency but why people mostly use bitcoin?

Bitcoin is famous for it stable market in compared with the other cryptocurrencys and also due to its muct bigger price many peoples nowdays are accepting it many shops and malls, many restarunts , many companys and so on. even microsoft is also accepting it and one day it become the worlds best and only currency(only my imagination till it really reach that point)

lololhyip

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Just love bitcoin, no reason. Grin

ranochigo

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Other alt coins are mostly pump and dumps, many are just a copy of Bitcoin with a different algorithm. Bitcoin has a network that has higher security, compared to other networks. A 51% attack would be unfeasible and expensive compared to smaller coins. Bitcoin has various applications and POS built for it, for example Bitpay (POS). The stable value and acceptance rate is a huge plus too.

johnyj

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You only select one most popular coin because of the inflation concern: If you use many coins then it is the same as fiat money inflation

dhimasnk

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Yes, because bitcoin is a payment system that is very fast, and easy to use anywhere than other ecurrency

NorrisK

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The reason that most people use it the most is because it is one of the only cryptocurrencies that can actually be used in the real world.

Can you buy stuff in your local coffeeshop with one of your other coins? I guess not.

Pk880058

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I use bitcoins because of it's huge userbase as compared to other cryptocurrencies, which provides it more security from pump and dumps.

maokoto

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Mainly I use Bitcoin more because it is more popular. This makes it to be more profitable and useful when you get some of it. There is no other reason for me.

Other altcoins are faster to transfer or have more interesting features (more privacy, rewards for holding, etc.) and I would tend to use them if they were as popular.

Topic: why you mostly like bitcoin compare to other digital currency? - page 17. (Read 13791 times)