why you mostly like bitcoin compare to other digital currency? - page 18.

ATguy

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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 question is why should I use any other Cryptocurrency? The advantages for using Bitcoins are huge (most used, most stable and secure for doublespends) with only few disadvantages (cost of mixing comes to my mind)

Kprawn

legendary

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It has a large merchant base and it's secured by a large network. Not one of the other Alt coins can come close to the hashing power of Bitcoin. We tend to follow the herd, like the

sheep we are. Grin

You could also say, Bitcoin has the largest support base, from loads of developers working on it collaboratively in the background. It has stood the test of time,

since the beginning. Wink

Abiky

legendary

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www.Crypto.Games: Multiple coins, multiple games

Bitcoin has been the very first decentralized crypto currency with a distributed public ledger or technology known as the block chain. It's been the most oldest and trusted crypto currency who started this revolution and eventually came up with the rise of new alt coins. It is the most widely accepted method of payment among merchants and it has the highest market cap among all cryptos. That's why I love Bitcoin since it's the pioneer of the block chain technology. Just my opinion Grin

Santoso

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Yep. Same thoughts with other users. One of the reasons I choose bitcoin is because it's the most trusted cryptocurrency and has most users than others. People trust more in bitcoin for investment and widening marketing network.

MicroGuy

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Twitter @realmicroguy

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

i heard many Cryptocurrency but why people mostly use bitcoin?

The same reason everyone used to use WebCrawler and AltaVista. This is known as first-mover advantage but very few are able to hold the lead long-term.

In regards to Bitcoin, dissension at the core development level will prove to be the currency's undoing. There is zero chance that Bitcoin can hold onto the advantage unless the core team matures and decides to compromise and become more team oriented. Currently, the members are suffering from various degrees of egomania and self-interest.

mearylll

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Quote from: Mickeyb on October 01, 2015, 08:53:32 AM

Well it's the oldest. It's most trusted. It has biggest user base and it's network effect is huge. It has most money invested into it so this gives it a trust as well. It's basically very proven.

Daddy is Daddy, ofcourse bitcoin is more popular and have maximum market cap and that is the reason people use bitcoins more as compared to any other digital currency and I believe bitcoin is user friendly and that is the reason why people are more attracted towards it.

Q7

sr. member

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Being the first crypto, it has more established infrastructure compared to the other altcoins. Which include the payment systems, exchangers, bitcoin accepted stores and largely the reason also is that all the other altcoin use bitcoin as the benchmark. This also gives it the advantage in terms of having large community base which is what cryptocoins are all about.

JeWay

hero member

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Well, your question in the title doesn't match with the one in the post.
But I'll answer the "Why people mostly use" one.
[IMO] It's because Bitcoin is the first, and still the best compare to the other currency.

vodaljepa

hero member

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Why like anything else but the king of crypto currency?

lite

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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?

Every Cryptocurrency is based on Bitcoin. people mostly use Bitcoin because it has wider utility.

coinplus

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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 the first cyptocurrency. Other are just a clone or with slight modifications. The foremost invented has established in many commerce widely compared any other followers. So, success of bitcoin is obvious. People give respect to new thing than copied one.

leex1528

hero member

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Much like when people post on Youtube comments. FIRST

It was the first technology of its kind and was widely adopted by users. It was the first one to get people rich, it was the first for pretty much anything, which is why its still the best.

neochiny

hero member

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Crypto.games

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

i heard many Cryptocurrency but why people mostly use bitcoin?

well for me. i also use other crypto currency.
but ofcourse bitcoin is the best.
most popular and highest percentage to earn
through investments.
because bitcoin is investment alone and there
there is a high percetage of it that it will really go up again to 1k+ dollars.
so ofcourse more poeple will be encourage to use this than the other cryptocurrency.

Mickeyb

hero member

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Move On !!!!!!

Well it's the oldest. It's most trusted. It has biggest user base and it's network effect is huge. It has most money invested into it so this gives it a trust as well. It's basically very proven.

TibanneCat

full member

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BTC > etc

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.

Bitcoin is also more stable price-wise compared to other alts, many of which are created mostly to enrich founders (pump and dump) and undergo wild price swings.

prodigy8

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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 going to be implemented in many big stores and why not using it.
Fiverr accepts bitcoin, and many other, bitcoin has been for a long time in the market and i consider it as the main cryptocurrency coin.
Other coins are called alt coins because of this, it's not that people don't use these but less than bitcoin.

shorena

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No I dont escrow anymore.

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.

Insertion

full member

Activity: 135

Merit: 100

i heard many Cryptocurrency but why people mostly use bitcoin?

Topic: why you mostly like bitcoin compare to other digital currency? - page 18. (Read 13791 times)