Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: tib216 on December 19, 2017, 10:59:17 PM



Title: So Bitcoin is King.. why is it?!
Post by: tib216 on December 19, 2017, 10:59:17 PM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.


Title: Re: So Bitcoin is King.. why is it?!
Post by: jhdscript on December 19, 2017, 11:04:42 PM
Bitcoin was the first cryptocurrency using the blockchain. It s the "grandparent" of all crypto, altcoin included.


Title: Re: So Bitcoin is King.. why is it?!
Post by: hatshepsut93 on December 19, 2017, 11:22:29 PM
1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!.
10 minutes is a good compromise between speed and safety - lower times cause higher orphan rates, higher orphan rates mean more mining centralization.

High fees - Now over $15 for high priority on the blockchain.
Turns out decentralization and financial freedom costs a lot of money today. You can have cheap transactions or trustless transactions, but not both. Many developers are working hard on scalable decentralized solutions for Bitcoin, but it's not as simple as raising blocksize.

Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical.
LN is not theoretical, it's on testnet and anyone can try it.

Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong.
Miners are kept in check by the network of fully validating nodes - miners can't do whatever they want, because the network would reject invalid blocks.

Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD!
Bitcoin is the most decentralized coin, which is the most important thing for any crypto, but most altcoins are implementing new features or solving scaling at expense of decentralization. If decentralization is not important for you, just stick with banks, they have pretty low fees.




Title: Re: So Bitcoin is King.. why is it?!
Post by: darkangel11 on December 20, 2017, 01:48:46 AM
Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

Then you're short sighted. The solutions aren't hard to come by. They are hard to push through, as everything has to be supported by the majority, and if we get to a 55-45 situation it won't be good for the coin.

Quote
1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

Not really. If last block was mined at 5:50 and you're sending the transaction at 5:58, chances are you will only have to wait 1-3 minutes for a confirmation. 10 min is the maximum provided that your fee was high enough. It's a decent transaction time, especially that most banks need days to handle the same thing.

Quote
2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

The fees keep growing because people keep paying more and more to get faster confirmations. It's free market, if you keep bidding to be on top you potentially can reach a point where your fee will be always higher than the amount of money you're sending. And who would there be to blame? The coin, the miners, or you?
IMO you're wasting time speculating about Satoshi. He may or he may not be dead, like the cat ;)

Quote
3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical.

We don't know a lot of things. Will quantum computing affect BTC? Will the regulators try to block it? What about net neutrality? There's too many unknowns.
Should we abandon the project because there can be no lightning network? I think we shouldn't because every project has a certain degree of risk in it and I like my chances here.

Quote
4. Miner cartels?

You're speculating too much and worrying yourself with things that you can't control. People who have money have power. It's like that in the real world and in the Internet. cryptocurrencies are no different. If someone dumps 1 billion in crypto we will all feel it, just like you will feel when a rich guy bribes a group of thugs to give you a beating. Life isn't fair.

Quote
5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value.


It's still a lot. Physical gold has survived wars and governments. Now we have it's virtual version that can't be falsified and is easy to carry and trade. Isn't it great?
Bitcoin is functioning as a payment system in Korea and Japan. I could even order food with it or pay the dentist nearby. It's fun to be using something nobody else does, it's a great talk at parties and a great speculative asset, just ask all those traders who made it their full-time job.

Quote
So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

Mostly the name, the established brand, as well as the community. Currently people are using it as a safe haven during unstable times. Read what's happening in Venezuela and Zimbabwe. A similar thing was happening in China before the ban. People are using it to do everything the governments are trying to stop them from. Moving money out of the country, hiding income, buying banned goods and services, gambling. It's a rebel coin and the rebel in me is supporting it in full.


Title: Re: So Bitcoin is King.. why is it?!
Post by: desmodiAN on December 20, 2017, 02:50:36 AM
darkangel great response. i would add the fact about experienced (yet a bit slower) dev team core. they carried the baby a long way and are ready for shots like the lightning network.
this will be the next big leap.


Title: Re: So Bitcoin is King.. why is it?!
Post by: hopeAo on December 21, 2017, 05:57:56 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

The main advantages of Bitcoin that makes Bitcoin king over other cryptocurrencies are the network effect and proven security which are nearly insurmountable advantages.

Bitcoin has a proven usage case as a store of value. It’s instructive that most coins try to carve out some differentiation based on much smaller use cases, such as prediction markets, buying things completely anonymously or adding a decentralized name server.

Bitcoin has a large lead as a store of value over other cryptocurrencies in having existed 8 years without failure. The security of Bitcoin has been proven far more than its much younger counterparts with usage by almost every metric exceeding that of cryptocurrencies.

Also, bitcoin has already lapped the field and has the ecosystem and the resources to compete with significant advantages. Bitcoin has two things going for it that help significantly in this respect. Stability and entrepreneurship. Both far exceed that of cryptocurrencies thus far and will make catching up very challenging.

In addition, Bitcoin is more accessible, with more exchanges, more merchants, more software and more hardware that support it. Bitcoin is far more liquid, with much larger volumes than every cryptocurrencies. Bitcoin has the largest developer ecosystem with more software and more implementations than any cryptocurrencies. Bitcoin has the most entrepreneurs creating companies around it with a lot of intellect, dedication and creativity going toward making it more useful.
When you compete with Bitcoin, not only are you competing with its much larger user base, development team and mining operation, but you’re also competing against the very large ecosystem of startups, open source projects and entrepreneurs.

Also, Bitcoin has already lapped the field and has the ecosystem and the resources to compete with significant advantages. Bitcoin has two things going for it that help significantly in this respect. Stability and entrepreneurship. Both far exceed that of cryptocurrencies thus far and will make catching up very challenging.


Title: Re: So Bitcoin is King.. why is it?!
Post by: ronypro on December 21, 2017, 07:01:36 AM
Still the king in this market.
I know its only 44% marker dominance today but things will turn real quick in new year for sure.
just wait and watch.


Title: Re: So Bitcoin is King.. why is it?!
Post by: The_prodigy on December 21, 2017, 07:08:55 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

Bitcoin is currently at the top of the cryptocurrency list because of how high its value right now. Cryptocurrencies all around the world is comparably pale to what bitcoin has to offer in terms of popularity and its financial value to the people using it


Title: Re: So Bitcoin is King.. why is it?!
Post by: Havven on December 21, 2017, 07:13:03 AM
It was the first in the landscape, it's become representative of the entire crypto world (i.e. bitcoin = all of cryptocurrency in some people's minds), and people know its name.


Title: Re: So Bitcoin is King.. why is it?!
Post by: freightjoe on December 21, 2017, 07:13:16 AM

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

You are spot on - it is the network effect of combined greed and stupidity which is now the main engine driving Bitcoin. And this surely will not end well.


Title: Re: So Bitcoin is King.. why is it?!
Post by: bjbear123 on December 21, 2017, 07:17:13 AM


2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.


Im getting fed up with bitcoin, I payed $60 for a transaction and still not confirmed, I rebaoadcased it 2 times and have been waiting a week. https://blockchain.info/tx/70aabb0c39308fc74752fecf22b418211ac99239df2c4b8cc9d1a175cbdfdc84


Title: Re: So Bitcoin is King.. why is it?!
Post by: Mandoy on December 21, 2017, 07:19:05 AM
If in the forex exchange the US dollar is the medium of exchange and the king of fiat currencies in the same manner bitcoin is the king of cryptocurrency. If you can observe that without a US dollar you cannot convert your fiat currency to other currencies and you cannot purchase goods abroad. Bitcoin is also like this, if you do not have bitcoins you cannot purchase or trade with other altcoins. But later there are also some coins aside from bitcoin has this kind of purchase power but still they cannot match bitcoin in terms of market.


Title: Re: So Bitcoin is King.. why is it?!
Post by: sozvdhua on December 21, 2017, 07:22:16 AM
There is no altcoin boom without the advent of bitcoin, and there is no such thing as a blockchain. So bitcoin is king, and for the moment, it should not be challenged in a few years.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Junard619 on December 21, 2017, 07:44:50 AM
We can say that the king is bitcoin, because. Remember when bcn was forked from monero , the price of monero has go to the moon , so i think if there is a hard fork of btc , also btc will go to the moon also the same thing has happen to eth when etc was forked from eth , we have see an increase in the price of the ethereum , so the hardfork and segwit are positive things for the future of bitcoin!


Title: Re: So Bitcoin is King.. why is it?!
Post by: fredo123 on December 21, 2017, 07:46:28 AM
Without btc alt coins would no longer exist, and all of  tokens when converted to real currency undergo to btc. This makes btc become popular and continually increase its value. There's no doubt btc is the most strongest digital currency ever made by mankind:)


Title: Re: So Bitcoin is King.. why is it?!
Post by: Pursuer on December 21, 2017, 08:16:19 AM
confusions like this are caused by what I call "Altcoins sales pitch". if you check out the way most of these altcoins are being advertised, either officially on their website, white paper, ... or by  their supporters and bag holders who want to get a quick profit, you can see that they all use bitcoin scaling as their main difference and claim they have "solved it".

the thing about scaling is that you can not solve it. you just improve it step by step and it never gets solved.
the other thing about these altcoins is what I have seen so far is that they either improve the scaling by a little bit which doesn't really make any difference or they think they have improved it but in fact they have introduced a lot of new issues.

as someone pointed out above, having a decentralized trustless payment system is not an easy thing that you can just change what you think is the reason (eg block size) and think you have solved the issue.


Title: Re: So Bitcoin is King.. why is it?!
Post by: kikoy999 on December 21, 2017, 08:59:36 AM
because bitcoin is only the highest value in the whole crypto currency coin so the bitcoin is dominated by it, and the bitcoin first goes out and it's the common use of many people, they also love bitcoin because of its high price and fast Also, when it comes to price, they want bitcoins because they earn a lot of money based on trading.


Title: Re: So Bitcoin is King.. why is it?!
Post by: KenChanYu on December 21, 2017, 09:05:13 AM
I think bitcoin is also called a  king because it is now the most highest coin in crypto world maybe people know about it already that is why many people today wanted to have more bitcoin for the near future because they believe  that bitcoin has really a great big capacity to continue rising in the near future.Bitcoin is really amazing than any other coin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: CryptoBry on December 21, 2017, 09:07:40 AM
Bitcoin is relatively a young guy and is not yet a teenager...still a child. Unfortunately, instead of Bitcoin having a play time with a lot of robust energy and enthusiasm it is right now hampered with many birth pains. Right now, we are seeing the many side-effects of a system where no single person can be called as the leader...this is what we want when we prefer decentralization. Decentralization is good but it is not a perfect system...throw in human nature of the people supposedly in charge with its development...what we see is too much of politics and self-vested interests flying here and there. I am still hoping that the problems Bitcoin is facing today can be solved even if slowly by next year. Those problems have to be solved otherwise this mess can be liken to someone shooting his own feet.


Title: Re: So Bitcoin is King.. why is it?!
Post by: shinjunobi09 on December 21, 2017, 09:16:26 AM
Bitcoin is king around here in the cryptocurrency because it has the highest value in terms of pricing among the other alternative coins, I think Altcoins are made not to surpass or eliminate bitcoin in the crypto world it is currently produced to support bitcoin in its quest of currency dominance. High transaction fee you say? well, I say at least it does not have any value added tax, or add hidden charges, it turns out financial freedom are made free I say. All I can say man try and relax try worrying about your investments and not at the things in which you could not control and just start believing and having faith on bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: talkbitcoin on December 21, 2017, 09:28:00 AM
the real question is which altcoin do you think is better than bitcoin!

because in order for bitcoin not to continue to be king, there should be an altcoin capable of competing with it.
so show me an altcoin that is processing more than 300,000 transactions per day and is still working fine.
an altcoin that has been under attacks of many types including but not limited to spam attacks against its network.

show me an altcoin that is doing all that and still is decentralized.


Title: Re: So Bitcoin is King.. why is it?!
Post by: yamortsac on December 21, 2017, 09:50:58 AM
First of all, bitcoin is the first crypto currency and that still has the highest value among all the crypto currencies. Second, bitcoin is already trusted and proven that's many investors are continuously investing on it. And most of all, amongst all cryptocurrencies, bitcoin is the most popular and giving us high amount of profit. Maybe someday some other altcoins will not exist anymore but bitcoin will still continue to rise and that makes the bitcoin a king of crypto currencies.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Scorpion on December 21, 2017, 09:56:52 AM
What makes it the very best is the community that includes the development team, the miners, node runners, and people who utilized the Bitcoin blockchain everyday. This community is special and the great thing is it's growing bigger and stronger every single day.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Harlot on December 21, 2017, 10:01:12 AM
Despite all the problems you see Bitcoin is having Bitcoin is still king because it is Bitcoin. It is the pioneer of the cryptocurrency making it the most popular on that segment. Now becoming the most popular does not mean it is better than the others, it is popular because it is the most widely known and used cryptocurrency out there and right now I don't think that the new members of the cyrptocurrency world are looking for alternatives to Bitcoin as it is still growing and there are no signs that its growth will slow down both in terms of price and also its popularity.


Title: Re: So Bitcoin is King.. why is it?!
Post by: cryptomato on December 21, 2017, 10:39:37 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

Bitcoin is currently at the top of the cryptocurrency list because of how high its value right now. Cryptocurrencies all around the world is comparably pale to what bitcoin has to offer in terms of popularity and its financial value to the people using it

The reason why it is still top because it is the most reliable one. Any altcoin can lose half value very quickly in a second but that would hardly happen to bitcoin. That literally means that btc is way safer than others.


Title: Re: So Bitcoin is King.. why is it?!
Post by: SummonKing2 on December 21, 2017, 11:00:54 AM
Bitcoin is so close to making a new record and it could be because it’s taking market share from its smaller cousins. But it could also be that bitcoin is benefiting as investors are becoming wary of tokens sold in initial coin offerings


Title: Re: So Bitcoin is King.. why is it?!
Post by: harrypotter1229 on December 21, 2017, 11:07:07 AM
Bitcoin is the king of the market. Its status is generated by people's trust in its network. There are too many occasions to accept the bitcoin transaction, but the other altcoin is not necessarily accepted. Those problems do exist. I believe these problems will be improved in recent years. I think there will be several potential altcoin replacing some bitcoin market share in three years.


Title: Re: So Bitcoin is King.. why is it?!
Post by: lusiaga on December 21, 2017, 02:15:27 PM
The natural nature of crypto money is who keeps the bitcoin, so indirectly it gives the impetus for this currency to continue termainstream. Some trades have received payment using bitcoin, call it china's Baidu, reddit, WordPress etc. Even an English millionaire, Richard Branson who is also a bitcoin investor. It recently announced that its virgin galactic company (space tour company) has received a space ticket purchase using bitcoin. With the wider use of bitcoin is certainly increasingly popular and more populist than other coin alternatives.


Title: Re: So Bitcoin is King.. why is it?!
Post by: illnino on December 22, 2017, 12:46:51 PM
the real question is which altcoin do you think is better than bitcoin!

because in order for bitcoin not to continue to be king, there should be an altcoin capable of competing with it.
so show me an altcoin that is processing more than 300,000 transactions per day and is still working fine.
an altcoin that has been under attacks of many types including but not limited to spam attacks against its network.

show me an altcoin that is doing all that and still is decentralized.

Bitcoin is a idea, technology and the currency as a single phenomenon. It spread its influence so widely that no other currency could reach this level even approximately. That’s why it is the king in a row of cryptocurrencies.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Ekanenf on December 23, 2017, 01:37:30 AM
Without btc alt coins would no longer exist, and all of  tokens when converted to real currency undergo to btc. This makes btc become popular and continually increase its value. There's no doubt btc is the most strongest digital currency ever made by mankind:)

And altcoin would never going to exist in the first place if there is no bitcoin, to be honest. Altcoin is short term for Alternative coin, meaning it is not thst major compare to bitcoin. Bitcoin is a KING, you could tell it by just its price which dominates all of the coins prices. Bitcoin is the superior of all the Altcoins here in this cryptocurrency world.


Title: Re: So Bitcoin is King.. why is it?!
Post by: bitgangsta on December 23, 2017, 02:46:48 AM
I agree with the first poster.  It's time for a new King!


Title: Re: So Bitcoin is King.. why is it?!
Post by: sunita01 on December 23, 2017, 02:51:41 AM
Since no coincidence of bitcoin has been able to overcome it, bitcoin prices are constantly growing in the market. Therefore, it will be accepted as a bitcoin king only.


Title: Re: So Bitcoin is King.. why is it?!
Post by: SunJAB on December 23, 2017, 03:02:48 AM
Bitcoin is proving its real value, not just a virtual currency or financial balloon as the press is often referred to. The value of bitcoin is currently very stable and tends to increase due to the overwhelming interest of the market for it. Bitcoin will be the leader in the crypto market boom in the new year 2018. Take this opportunity to increase your wealth.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Markzuckertion on December 23, 2017, 03:14:20 AM
I agree with the first poster.  It's time for a new King!
New king? There is no new king of cryptocurrency. People only thrust to bitcoin and a few altcoin. Bitcoin has the biggest market cap which may be it is impossible for another cryptocurrecy to surpass it.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Bausa on December 23, 2017, 03:32:53 AM
That's true, the people only trust to Bitcoin. The creator ist right there are a lot of problems without solution, so Bitcoin will useless soon. Bitcoin Cash will then be the New King, the winner who takes it all.


Title: Re: So Bitcoin is King.. why is it?!
Post by: 4U on December 23, 2017, 07:26:56 PM
the real question is which altcoin do you think is better than bitcoin!

because in order for bitcoin not to continue to be king, there should be an altcoin capable of competing with it.
so show me an altcoin that is processing more than 300,000 transactions per day and is still working fine.
an altcoin that has been under attacks of many types including but not limited to spam attacks against its network.

show me an altcoin that is doing all that and still is decentralized.
Yes bitcoin is a king as we know that bitcoin is full of good qualities and just because of its good qualities bitcoin is now very strong with high price in market and not only countries but a lot of rich companies have accepted bitcoin and recently Indian bank also accept bitcoin also replaced other crypto from market and in some countries it reduced unemployment so these are the things which other crypto don’t have.


Title: Re: So Bitcoin is King.. why is it?!
Post by: jonatuzc on December 30, 2017, 06:41:53 AM
the real question is which altcoin do you think is better than bitcoin!

because in order for bitcoin not to continue to be king, there should be an altcoin capable of competing with it.
so show me an altcoin that is processing more than 300,000 transactions per day and is still working fine.
an altcoin that has been under attacks of many types including but not limited to spam attacks against its network.

show me an altcoin that is doing all that and still is decentralized.

Bitcoin is a idea, technology and the currency as a single phenomenon. It spread its influence so widely that no other currency could reach this level even approximately. That’s why it is the king in a row of cryptocurrencies.
There is no doubt in this fact that bitcoin is so many things at a time and it is performing different tasks at the same time. Bitcoin is a currency and an investment as well. Majority of people are using bitcoin as a mode of investment rather than using it for paying their utility bills and other things.

As far as the throne and reign of bitcoin is concerned, it is going to stay the king of digital kingdom forever. Bitcoin is the father of crypto currencies.


Title: Re: So Bitcoin is King.. why is it?!
Post by: lzby2000 on December 30, 2017, 07:03:33 AM
Bitcoin is king in this market, that's because the role of bitcoin in the market is not replaced by other altcoin. Most of the money has entered the coin of bitcoin. Not only because of its price, but because there is no bitcoin, the entire encryption market will not exist.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Nhor1011 on December 30, 2017, 07:07:56 AM
      Bitcoin is the king in all crypto currency because it become famous in all coins with higher demand in the market. With out the bitcoin i think other altcoins and tokens will not exist. Every  altcoins and tokens,you need to convert first into bitcoin before you can cash out.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Boybugwal760820 on January 24, 2018, 02:14:42 AM
Yes... Bitcoin will always be the King and theres nothing will ever replaced Bitcoin as the King of Cryptocurrency... they may try to replace bitcoin but they can never succeed in doing it because each day bitcoins community is growing day by day attracting many users and investors alike to invest all they have in bitcoin, hoping that bitcoin will be able to give them a bright future.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Boov on January 24, 2018, 02:38:10 AM
Yes... Bitcoin will always be the King and theres nothing will ever replaced Bitcoin as the King of Cryptocurrency... they may try to replace bitcoin but they can never succeed in doing it because each day bitcoins community is growing day by day attracting many users and investors alike to invest all they have in bitcoin, hoping that bitcoin will be able to give them a bright future.

Whether we like it or not, Bitcoin is still the King and there's no other cryptocurrency will beat Bitcoin. Even fiats, Fiats can't defeat bitcoin. Etherium and tokens are just a cryptocurrency that are trying to beat bitcoin but they still not defeating it. Bitcoin is still alive. Bitcoin will still help many people inside Cryto world in the near future.


Title: Re: So Bitcoin is King.. why is it?!
Post by: anku4009 on January 24, 2018, 05:22:57 AM
Bitcoin has been the king of cryptos, Bitcoin is the most decentralized coin, which is the most important thing for any crypto, and The main advantages of Bitcoin that makes Bitcoin king over other crypto currencies are the network effect and proven security which are nearly insurmountable advantages.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Nylelyn on January 24, 2018, 11:40:15 AM
Bitcoin is considered as the King - the first of its high end quality. Bitcoin may not be the first crypto currency launched but it has proven its value and worth in the crypto world. People are dying to buy even a certain portion of it to be able to use it as a tool such as mode of payment and as the currency for trading. It launched decentralization which a lot of users find it interesting and beneficial.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Adioliver on January 24, 2018, 11:51:31 AM
So i ask again what makes Bitcoin the King? Network effect?
As we all know bitcoin is popularly known as "The Father of Cryptocurrencies". It is so called because it is first of it's kind.It is the first decentralised cryptocurrency.I think one of it's striking features is that it keeps the user anonymous and secure.Name me any one altcoin which has ever crossed the value of $19000 per token/coin.There isn't any right!!!!!!.That's what makes it the king.
And i believe that bitcoin devs are working really hard on Lightning network.I guess soon in the near future we will be able to transact bitcoins in lightning speed with minimal transaction fee.Once the devs find a solution to these two problems of speed and transaction fees there isn't any power which can rival bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Boysisig207608 on March 27, 2018, 04:14:57 AM
Everybody knows that bitcoin is the king of all cryptocurrencies because bitcoin has been already there before and it is still here and it will still remain up there tomorrow and this coming years to come, for sure bitcoin will never fade. Many organizations, investors and individuals trusted and completed their transactions using bitcoin attracting many more to invest and use bitcoin as their chosen currency for payment.


Title: Re: So Bitcoin is King.. why is it?!
Post by: yusupjatigumilar on March 27, 2018, 04:27:14 AM
Bitcoin became the king of the crypto currency because bitcoin is the first crypto currency that appears, it could be called the forerunner of the currency, it's what makes bitcoin prices become very expensive and there are other crypto currencies that can match or rival the bitcoin price.


Title: Re: So Bitcoin is King.. why is it?!
Post by: alroys on March 27, 2018, 04:58:39 AM
if there is no Bitcoin, then there will be no Altcoin. Bitcoin is the first crypto to appear, then reappear new coins. Bitcoin prices are highest among hundreds or even thousands of Altcoin. Bitcoin in Say As King, because Bitcoin first appeared and Bitcoin became the Parent of All Altcoin that exist today.


Title: Re: So Bitcoin is King.. why is it?!
Post by: yudif on March 27, 2018, 05:39:56 AM
Bitcoin was the first cryptocurrency using the blockchain. It s the "grandparent" of all crypto, altcoin included.

Being first is certainly an advantage for bitcoins. Even when the media covers crypto (even if they are talking about disadvantages), they are just mentioning about bitcoins only and no other coin. Most of the people think that crypto is only bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: lodi123 on March 27, 2018, 05:46:10 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.
Yes bitcoin is a King a king of all coins worldwide because of its amazing part and qualities that you've never expected


Title: Re: So Bitcoin is King.. why is it?!
Post by: Arwinkim on March 27, 2018, 05:49:21 AM
Bitcoin is "mother" of alt coins including ethereum. It is first digital money using blockchain technology and being developed to disrupt world traditional financial system.

According to coinmarketcap.com bitcoin is still king with over 40% dominance. It is hard for any coins to take its place because people will use bitcoin first to buy other coins.


Title: Re: So Bitcoin is King.. why is it?!
Post by: jjacob on March 27, 2018, 05:51:48 AM
Bitcoin is "mother" of alt coins including ethereum. It is first digital money using blockchain technology and being developed to disrupt world traditional financial system.

According to coinmarketcap.com bitcoin is still king with over 40% dominance. It is hard for any coins to take its place because people will use bitcoin first to buy other coins.

Bitcoin definitely has the first mover advantage and it would be hard for other coins to take its place. But it definitely is possible that some other cryptocurrrency with a killer feature becomes popular. The comparison which is made is MySpace and Facebook. There is a possibility that Bitcoin could turn into the MySpace of the cryptoworld.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Lorna t on March 27, 2018, 06:01:37 AM
If a forex exchanged is the US dollar of a medium of exchange and become the king of fiat currencies that the same bitcoin is the opposites of cryptocurrencies that you can observe that without a US dollar .not it convert you fiat currency for other currency and you can not even buy good for abroad .bitcoin is also the same as that you do not have bitcoin not to buy or trade without any altcoins .later there are many coin also and aside of that bitcoin has this kind of purchase power but still all can not match bitcoin in a market term.


Title: Re: So Bitcoin is King.. why is it?!
Post by: vanjava on March 27, 2018, 06:20:04 AM
Yes it is.
Because bitcoin is one of the first circulating digital currencies in the world of cryptocurreny and is currently the highest price compared to gold or others.


Title: Re: So Bitcoin is King.. why is it?!
Post by: zhelis74 on March 27, 2018, 06:34:53 AM
Bitcoin became the king of the crypto currency because bitcoin is the first crypto currency that appears, it could be called the forerunner of the currency, it's what makes bitcoin prices become very expensive and there are other crypto currencies that can match or rival the bitcoin price.
Yes, bitcoin is the first ever created successful virtual currency and it is the foundation of all the coins or in crypto world, so it is deserving to be called the king of all coins. In fact if bitcoin drops then mostly altcoins will follow, so it signifies that the people in crypto market are using or investing altcoins to trade in for bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: sicnarfkswiss on March 27, 2018, 07:07:59 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.
Being the original one and the most trusted crypto, I consider bitcoin as the king of all crypto currencies. So if you dont want to consider it you can go with your own belief.


Title: Re: So Bitcoin is King.. why is it?!
Post by: removebeforeflight on March 27, 2018, 07:12:08 AM
A king rules the nation and controls the nations people and territory for example, as like a king Bitcoin rules crypto market and its trend is followed bu all altcoins in the market. I personally think Bitcoin is the king of kings since it is ruling the world and going to dominate all the nations with its transaction and block chain technology.


Title: Re: So Bitcoin is King.. why is it?!
Post by: MXgirl150 on March 27, 2018, 07:17:37 AM
THANK YOU for posting! I am also pretty new to crypto, and it seems kind of obvious to me that bitcoin has some massive limitations... and yet it's still King. Case in point, I asked earlier if I should get paid in BTC or ETH, and got like 100 comments... 99% of them saying take the BTC and run. And thats on bitcointalk where we can assume most of the people are nerdy enthusiasts.

It's hard to believe that the only reason btc is still holding all the cards is because of it's brand name? Although I suppose that in this game a brand name is worth more than anything else. After all... it's "magic internet money" so what actually matters more than brand name?


I have a further question in response to #4 Cartels... I'd like to know why don't they just impose extreme limitations on what 1 computer (or one network) can contribute in a day? Could that help the problem? I'm sure smarter people than me have thought of this... just wondering.

Anyway, its a great question.  ???


Title: Re: So Bitcoin is King.. why is it?!
Post by: bjmpoker001 on March 27, 2018, 08:41:13 AM
just look at the bitcoin value. it is the highest among all cryptocurrencies.
the high value on bitcoin shows that means bitcoin demands is very high compare than another coins.


Title: Re: So Bitcoin is King.. why is it?!
Post by: lucemferrum01 on March 27, 2018, 08:55:24 AM
It was the first in the landscape, it's become representative of the entire crypto world (i.e. bitcoin = all of cryptocurrency in some people's minds), and people know its name.

Agree, if bitcoin was able to represent all other cryptocurrency and how they will become of an advantage to us. If bitcoin didn't able to establish its credibility as of today then it wouldn't reach to the top and be considered a king, it wouldn't even have any competition maybe because its rise gave altcoins to have a sturdy foundations in the market.


Title: Re: So Bitcoin is King.. why is it?!
Post by: nuggetbram on March 27, 2018, 08:55:57 AM
Yes, among all the coins Bitcoin is rated as the highest coin as it's growth value is increased 40% as of last year


Title: Re: So Bitcoin is King.. why is it?!
Post by: syamster on March 27, 2018, 07:42:07 PM
Yes, among all the coins Bitcoin is rated as the highest coin as it's growth value is increased 40% as of last year
I am agree with you nothing has power and potential as bitcoin has, no currency is that much popular now as much as bitcoin is, till now from the beginning bitcoin has increased very high rating and it is almost 99% high price than the initial price of bitcoin, bitcoin is still the king even at this well-developed era,. I know it is 40% maker dominance right now as you said but trust me things will return back to the track very soon, be positive and hold your bitcoin with patience.


Title: Re: So Bitcoin is King.. why is it?!
Post by: boy130 on March 27, 2018, 07:49:24 PM
People say Bitcoin is king simply because it has such a high market dominance, trading volume and user base. In reality, Bitcoin has few, if any advantages over some of the 2nd generation blockchains such as NEO and EOS, so it's a wonder how it has managed to maintain its lead for so long.


Title: Re: So Bitcoin is King.. why is it?!
Post by: expless on March 30, 2018, 12:17:37 PM
As we all know bitcoin is popularly known as "The Father of Cryptocurrencies". It is so called because it is first of it's kind.It is the first decentralised cryptocurrency.I think one of it's striking features is that it keeps the user anonymous and secure.Name me any one altcoin which has ever crossed the value of $19000 per token/coin.There isn't any right!!!!!!.That's what makes it the king.
And i believe that bitcoin devs are working really hard on Lightning network.I guess soon in the near future we will be able to transact bitcoins in lightning speed with minimal transaction fee.Once the devs find a solution to these two problems of speed and transaction fees there isn't any power which can rival bitcoin.
but unfortunately the bitcoin and coin fee exchanger in our country is very expensive, but I do not know your country
Bitcoin is very expensive in all parts of the world. It is not easy to spend a whole 8k dollars at one time.  Even after declining for a long duration of three months, bitcoin is still too expensive for a common person. Due to its high value rather the highest potential to grow, bitcoin is considered as the Crypto King. It is also the first crypto currency (also known as the mother of digital currencies) due to which most rich investors supported it.


Title: Re: So Bitcoin is King.. why is it?!
Post by: gabmen on March 30, 2018, 02:19:26 PM
As we all know bitcoin is popularly known as "The Father of Cryptocurrencies". It is so called because it is first of it's kind.It is the first decentralised cryptocurrency.I think one of it's striking features is that it keeps the user anonymous and secure.Name me any one altcoin which has ever crossed the value of $19000 per token/coin.There isn't any right!!!!!!.That's what makes it the king.
And i believe that bitcoin devs are working really hard on Lightning network.I guess soon in the near future we will be able to transact bitcoins in lightning speed with minimal transaction fee.Once the devs find a solution to these two problems of speed and transaction fees there isn't any power which can rival bitcoin.
but unfortunately the bitcoin and coin fee exchanger in our country is very expensive, but I do not know your country
Bitcoin is very expensive in all parts of the world. It is not easy to spend a whole 8k dollars at one time.  Even after declining for a long duration of three months, bitcoin is still too expensive for a common person. Due to its high value rather the highest potential to grow, bitcoin is considered as the Crypto King. It is also the first crypto currency (also known as the mother of digital currencies) due to which most rich investors supported it.

Well you are aware that you're.not required to buy one full btc right? It doesn't matter if it goes 10k or 15k, you can always biy an equivalent amount to the money you have. So even common people can buy and hold btc.


Title: Re: So Bitcoin is King.. why is it?!
Post by: btcbringer on March 30, 2018, 02:27:26 PM
It was the king and it will be the king for quite a long time due to its the first use of blockchain technology and already run for nine years, it prove itself by overcome lots of problems and survive to now, more and more people get to know blockchain and I think there will be a new coin replace bitcoin in the future


Title: Re: So Bitcoin is King.. why is it?!
Post by: PHP.guru on March 31, 2018, 06:37:51 AM
Bitcoin is the king and is the gold of the coins. It is the 1st ever cryptocoins that popular until aunty also know about it. At the same time it also help the others coin to be more known by public.


Title: Re: So Bitcoin is King.. why is it?!
Post by: laryillary on March 31, 2018, 11:44:32 AM
It is worth mentioning that recently the power and unquestionability of the bitcoin system has cracked: the Internet community of miners and bitcoin users revealed a significant shortcoming of the system - a high reaction time for each operation with a crypto currency. Each payment made in the system must be confirmed and registered at each terminal and node.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Boybugwal760820 on April 04, 2018, 03:36:40 AM
Well we already know that bitcoin is considered as the king of cryptocurrencies. Well bitcoin has been there before and it is still here and it will still remain up there tomorrow and this coming days, for sure bitcoin will never fade. Many organizations, investors and individuals trusted and completed their transactions using bitcoin attracting many more people and individual to invest and use bitcoin in their daily transactions.


Title: Re: So Bitcoin is King.. why is it?!
Post by: obinine on April 06, 2018, 04:51:17 AM
I am concur with you nothing has power and potential as bitcoin has, no money is that much prevalent now as much as bitcoin seems to be, till now from the earliest starting point bitcoin has expanded high evaluating and it is right around 99% high cost than the underlying cost of bitcoin, bitcoin is as yet the ruler even at this all around created period,. I know it is 40% creator predominance at this moment as you said yet believe me things will return back to the track soon, be certain and hold your bitcoin with tolerance.


Title: Re: So Bitcoin is King.. why is it?!
Post by: StevenPop on April 06, 2018, 07:56:13 AM
Bitcoin was the first and bitcoin is the reason for all of this. If it wasn't for bitcoin then none of us would be here at this moment talking about cryptocurrencies, there wouldn't even be a cryptocurrency market for us to invest in.


Title: Re: So Bitcoin is King.. why is it?!
Post by: -Sinner- on April 06, 2018, 08:02:52 AM
Bitcoin is the king just cause a simple reason : it is called COMMUNITY. Having it, opens all the possibilities.. Bitcoin could be better, faster, cheaper transation.. It just takes time.
Bitcoin is the major tradable pair with almost all other cryprocurrencies. You need to buy bitcoin if you want to buy an altcoin, most of the times.
Bitcoin has the highest volume and the highest marketcap.


Title: Re: So Bitcoin is King.. why is it?!
Post by: obinine on April 16, 2018, 07:13:36 AM
Bitcoin is currently at the top of the cryptocurrency list because of how high its value right now. Cryptocurrencies all around the world is comparably pale to what bitcoin has to offer in terms of popularity and its financial value to the people using it. Bitcoin will always be the king because it brought the reality of the blockchain to us.


Title: Re: So Bitcoin is King.. why is it?!
Post by: yousuf123 on April 16, 2018, 07:25:43 AM
I think bitcoin is also called a  king because it is now the most highest coin in crypto world maybe people know about it already that is why many people today wanted to have more bitcoin for the near future,more and more people get to know block chain and I think there will be a new coin replace bitcoin in the future.


Title: Re: So Bitcoin is King.. why is it?!
Post by: sabine80 on April 16, 2018, 07:31:35 AM
maybe it's because bitcoin has the strongest network, the most acceptance and he was one of the first coins. i think all these factors play an important role in why bitcoin king is. of course there are more reasons that I do not know.


Title: Re: So Bitcoin is King.. why is it?!
Post by: zhea on April 16, 2018, 07:36:48 AM
Bitcoin is king because it is the very popular crypto currency and all other cryptos is depending with bitcoin. If bitcoin price decreases all other coins also decreases. It has the higheat value of all coins and people wanted to have more bitcoin in the near future. That we are all looking forward with bitcoin that it will always be the number one and it will always help people have a good life.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Prodigan786 on April 16, 2018, 07:52:15 AM
I started bitcoin earning from Faucets then  sent to exchange i got fiat currency in bank account . It was my initial experience then after i was doing lots of other things to get bitcoin . Finally i could able to get some bitcoin from online wok . Stated to invest on other coins gradually started to increase my bitcoin holding . Now i will tell why bitcoin is King if there is no bitcoin i could never know about other crypto currency . Not even any coins so I think bitcoin is the undisputed king in crytpo space soon it will be the king for all currencies.


Title: Re: So Bitcoin is King.. why is it?!
Post by: CrystalPham on April 16, 2018, 08:00:12 AM
I do not know how long Bitcoin prices will drop. But if you ask most investors, what is the most special aspect of Bitcoin, they will say that when something almost kills it, Bitcoin will not die but return even stronger, Some of the recent fluctuations stemmed from the prohibition of the BTC, as well as some scams. Bitcoin is traded globally and is easily affected by the news of a company or country. Support or ban it. This means that the cycles of growth or decay are taking place much faster in the cryptocurrency world. This particular time factor makes it difficult for retail investors. For that reason I always advise my relatives, when deciding to buy a certain number, keep it and forget it. Do not try to buy and sell again in a short time, with unstable assets like crypto if you have no experience. Because Bitcoin is the king of cryptocurrency.


Title: Re: So Bitcoin is King.. why is it?!
Post by: emanjun on April 16, 2018, 09:23:27 AM
Without btc alt coins would no longer exist, and all of  tokens when converted to real currency undergo to btc. This makes btc become popular and continually increase its value. There's no doubt btc is the most strongest digital currency ever made by mankind:)
You are right and we all know that bitcoin is the first crypto currency made successful in the world. A lot of coins right now are just relying from bitcoin. Many people called bitcoin as mother of all currency because without bitcoin there would no currency at all.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Radio-Active on April 16, 2018, 09:25:26 AM
maybe it is because bitcoin is the first cryptocurrency, and bitcoin value is the greatest of all crypto.
and bitcoin have the most users, holders, and traders in our world i guess.


Title: Re: So Bitcoin is King.. why is it?!
Post by: tansoft64 on April 16, 2018, 10:13:45 AM
maybe it is because bitcoin is the first cryptocurrency, and bitcoin value is the greatest of all crypto.
and bitcoin have the most users, holders, and traders in our world i guess.

Yes, bitcoin is the first crypto that ever made and the father of all crypto and the most expensive one, I think bitcoin will become the regular currency in the future that been used of all the country all over the world.


Title: Re: So Bitcoin is King.. why is it?!
Post by: warrior333 on April 16, 2018, 10:21:06 AM
maybe it is because bitcoin is the first cryptocurrency, and bitcoin value is the greatest of all crypto.
and bitcoin have the most users, holders, and traders in our world i guess.

Yes, bitcoin is the first crypto that ever made and the father of all crypto and the most expensive one, I think bitcoin will become the regular currency in the future that been used of all the country all over the world.
What does a typical currency? Do you mean that bitcoin will have a material form? This will never happen. If you mean that bitcoin will be recognized as a currency by governments around the world, this will not happen either. Bitcoin is impossible to control and manage its emissions. Without inflation and deflation mechanisms, the government cannot manage the public economy.


Title: Re: So Bitcoin is King.. why is it?!
Post by: tansoft64 on April 16, 2018, 10:35:45 AM
maybe it is because bitcoin is the first cryptocurrency, and bitcoin value is the greatest of all crypto.
and bitcoin have the most users, holders, and traders in our world i guess.

Yes, bitcoin is the first crypto that ever made and the father of all crypto and the most expensive one, I think bitcoin will become the regular currency in the future that been used of all the country all over the world.
What does a typical currency? Do you mean that bitcoin will have a material form? This will never happen. If you mean that bitcoin will be recognized as a currency by governments around the world, this will not happen either. Bitcoin is impossible to control and manage its emissions. Without inflation and deflation mechanisms, the government cannot manage the public economy.

Bitcoin has no physical form and it's digital, maybe it is in the future that digital currency are become regular currency, maybe that time is long enough that government will find-out a way to manage and handle bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Chirayu_20 on April 16, 2018, 11:35:52 AM
Bitcoin was developed as the worldwide payment system, so it can be used anywhere. It has tried to stand as the currency of the world. So the question arises here, as we already have paper currency why would we need a digital currency like bitcoin?

Bitcoin is not regulated by any government so while performing transactions, people do not need to have middleman like a bank for performing transactions, so it saves money and no need to pay taxes for sending money to other countries. People will have their own control over their money and blockchain technology is safest and unhackable.

Bitcoin is only available up to 21 Million bitcoins, then after that, it will not get produced anymore. The production will cease by 2140 as of now the supply is just 16,931,163. It has also gained its value due to more people using it. The popularity gains also increase its value because of limited resources.


Title: Re: So Bitcoin is King.. why is it?!
Post by: KelvinE on April 16, 2018, 11:40:29 AM
Funny but interesting question. No matter how an offspring will develop it stills submit to authority that is whoever brought it to the earth. Bitcoin is the mother of all digital currencies and it is gained the financial trust than every coin on the market. Well is say is both the KING and QUEEN. Long live BTC


Title: Re: So Bitcoin is King.. why is it?!
Post by: felicity06 on April 16, 2018, 11:57:34 AM
Yes of course Bitcoin is the king of all altcoin and other existing cryptocurrency... Bitcoin has its huge impact and for me it is the best creation now of our .odern world...  The existence and success of other altcoin are because of Bitcoin...  It really paved a way a lots in other cryptocurrency... You cannot only considered it as king but also as a father of almost all cryptocurrency... Though sometimes it has it disadvantage but still it is normal...  And this little disadvantage will lead Bitcoin to peak of its success... This disadvantage is the reason why until now Bitcoin is still developing...


Title: Re: So Bitcoin is King.. why is it?!
Post by: Dudeperfect on April 16, 2018, 04:23:32 PM
Well, Bitcoin as a first player in the crypto industry, gained momentum over the years and it built the trust among users and it is growing day by day in terms of user base. Yes, there are some issues with high transaction fees and time but users have the confidence that we will have a concrete solution for these issues in the coming years. It is not the price but the strength and trust of the users that make Bitcoin a king of crypto.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Abdul Qadeer niazi on April 16, 2018, 05:36:54 PM
bitcoin is the king because it was the first ever coin in the crypto market. so people were unaware of it and after awareness the first word on their mouths about crypto currencies was bitcoin. So now this coin is the king among all others.


Title: Re: So Bitcoin is King.. why is it?!
Post by: DonaldHun on April 16, 2018, 05:42:14 PM
Bitcoin will forever be king in the crypto market. Because of its reputation as well as the support of the community all over the world. Because of the great profitability and leading position as well as the birth of blockchain technology, it always attracts the most attention of investors in this market. But the variation of bitcoin on its purpose is still a question and there is no basis for predicting the direction of movement or adjustment.


Title: Re: So Bitcoin is King.. why is it?!
Post by: FRJ on April 16, 2018, 05:48:29 PM
Bitcoin is the king of cryptocurrency. Bitcoin was first invented in the cryptocurrency world  after watching and observing the success of Bitcoin,the other alternative coins were invented. so Bitcoin is called the king of cryptocurrency. Again you can see that the price of Bitcoin is also more than any of the alternative coins (cryptocurrencies). so in that way we also can say Bitcoin as the king.


Title: Re: So Bitcoin is King.. why is it?!
Post by: juiceannabel on April 17, 2018, 06:19:30 AM
what i know first about cryptocurrency is bitcoin. later i know about altcoins.
this is proving that bitcoin is a king of crypto because most peoples know about bitcoin, not other coins (altcoins).


Title: Re: So Bitcoin is King.. why is it?!
Post by: DoublerHunter on April 17, 2018, 07:15:40 AM
Bitcoin is the king because it is the very first cryptocurrency in the entire cryptocurrency world and all of the cryptocurrencies get their idea from bitcoin so they are all called altcoins or alternative coin because they are just alternative with bitcoin and bitcoin is the king because it is the trend setter for all of the altcoins in the market so if bitcoin is on bearish trend then the altcoins will follow.


Title: Re: So Bitcoin is King.. why is it?!
Post by: bitcad4u on April 17, 2018, 07:26:33 AM
Now the bitcoin transaction fee is reduced as compared to last year.It was created by first and still on the top of crypto currency.The profit percentage in bitcoin will be more as compared to all the crypto currency available in the market.Now the price of other coin is depend on the price raise of bitcoin.This is the reason for bitcoin still sustain as King of Crypto currency.


Title: Re: So Bitcoin is King.. why is it?!
Post by: WorldBiz project on April 17, 2018, 08:05:35 AM
it's more commonly used and trusted at the moment among all the alts


Title: Re: So Bitcoin is King.. why is it?!
Post by: filharvey on April 17, 2018, 08:47:23 AM
Bitcoin is the first innovative decentralised technology which has provided confidence to the common man who had been upset these much days by the government policies and bankers who just looted people in the name of transaction fee.People have seen bitcoin surviving despite continuous attempts by governments and bankers to destroy it.It has given an unshakable trust in people's heart over bitcoin.And its very hard to change.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Beroximos on April 17, 2018, 08:55:27 AM
Bitcoin is King and will In the future surely. All attention around got just the BTC, not any other altcoin.
This is just question of time when we will see his big increasing of the value
 


Title: Re: So Bitcoin is King.. why is it?!
Post by: Gotottack on April 17, 2018, 09:00:51 AM
Primarily because it is the pioneer of the blockchain technology, and the world sees through the benefit of the latter even sans Bitcoin per se. Now, what I see is happening is that people use the price of Bitcoin as an edge among other competing cryptocurrencies. (You have to admit at some point that its price is really enticing especially to people who are aggressive in terms of investing.) Hence, if you are not an aggressive risk-taker, this business is not for you. And if you are, you will greatly benefit with the unpredictable highs in the market.  


Title: Re: So Bitcoin is King.. why is it?!
Post by: Bodik1710 on April 17, 2018, 09:07:43 AM
Bitcoin was first cryptocurrency using the blockchain in the world.If Bitcoin will die all crypticurrency and altcoin die too.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Gameroid on April 17, 2018, 02:00:10 PM
Bitcoin is the king because it is the very first cryptocurrency in the entire cryptocurrency world and all of the cryptocurrencies get their idea from bitcoin so they are all called altcoins or alternative coin because they are just alternative with bitcoin and bitcoin is the king because it is the trend setter for all of the altcoins in the market so if bitcoin is on bearish trend then the altcoins will follow.
yes bitcoin is the first most currency crated, and after that the other alternate currency created, In bitcoin has now become so much popular that every person is willing to buy bitcoin and make good money from it, Bitcoin is in fact going to become the main currency of the world and every person will be welling to use bitcoin for everything for which they are using fiat currency in their daily life.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Best Dreams on April 17, 2018, 02:14:14 PM
Bitcoin is the king of cryptocurrency. Bitcoin was first invented in the cryptocurrency world  after watching and observing the success of Bitcoin,the other alternative coins were invented. so Bitcoin is called the king of cryptocurrency. Again you can see that the price of Bitcoin is also more than any of the alternative coins (cryptocurrencies). so in that way we also can say Bitcoin as the king.
Yes digital currency does not have any physical state as it is all about internet but fir it they don’t have any state and bitcoin is the most anonymous currency which makes it independent and no government have ever controlled bitcoin, I want to save a lot of bitcoin because it has a lot of such feature,. Bitcoin is digital, it has hardware wallet and no one can hack it, bitcoin is king of all currency as it was invented first, so for me bitcoin was king currency and it will remain number one forever.


Title: Re: So Bitcoin is King.. why is it?!
Post by: nickmax on April 17, 2018, 02:17:02 PM

Bitcoin number one, because this is the main financial tool for large investors in the field of crypto currency. He is very popular. Most people do not even know about the existence of other crypto currency except bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: vanjava on April 17, 2018, 02:30:30 PM
Yes that's for sure. Because bitcoin is currently the most popular among the world community. Bitcoin is also one of the world's first circulating digital circulating cryptocurreny. Bitcoin prices are currently very high but unstable and unpredictable.


Title: Re: So Bitcoin is King.. why is it?!
Post by: feny.blackpink on April 17, 2018, 03:29:23 PM
Relax man, calm down. I know bitcoin have some disadvantages to be solved, but everyone here can choose their king coin.
maybe many peoples say bitcoin is the king because they already hold bitcoin from long time before altcoin enter.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Supercrypt on April 18, 2018, 06:35:22 PM
Now the bitcoin transaction fee is reduced as compared to last year.It was created by first and still on the top of crypto currency.The profit percentage in bitcoin will be more as compared to all the crypto currency available in the market.Now the price of other coin is depend on the price raise of bitcoin.This is the reason for bitcoin still sustain as King of Crypto currency.
Bitcoin transaction fee is always reduced when there is no much FOMO or congestion in the market. What happened last year was because of the high level of transactions going on within exchanges, the number if new users trying to get in and so on. One thing that makes bitcoin the most relevant is because it is always going to be used as a point of contact while alts are just there trying to stay relevant among each other and only those with products anyway will end up strong in the future.

Almost everyone in the cryptocurrency world today definitely got to know first about bitcoin before even trying to get diverted about other cryptocurrencies based on how some have increased hugely over the years even in a very short period. Bitcoin will always remain the legacy coin no matter what and that is how it is going to be and every other coin is going to be an alternative just as their name implies. Honestly, the number of useless coins and tokens in the market has even caused more harm than good.


Title: Re: So Bitcoin is King.. why is it?!
Post by: al.nechiporuk on April 18, 2018, 06:45:47 PM
This is due to the fact that bitcoin is the first cryptocurrency. Already almost ten years there is bitcoin and nowadays all people treat this cryptocurrency as gold.


Title: Re: So Bitcoin is King.. why is it?!
Post by: freesia_pnp888 on April 19, 2018, 06:53:30 AM
it's still king cuz it's the first ever -> many users regardless these slow transactions and high fees.


Title: Re: So Bitcoin is King.. why is it?!
Post by: fatema on April 19, 2018, 06:07:54 PM
Bitcoin is the king in all cryptocurrency. Because there are cryptocurrecny in the world, Bitcoin's name is at the top of them. Because its prices are high, security is good, market demand is high, popularity is high. There are no other facilities in this type of facility. It is helpful in the development of the country's economy. The number of unemployed people in the country is decreasing. People are changing the financial condition. For this reason, Bitcoin King.


Title: Re: So Bitcoin is King.. why is it?!
Post by: darewaller on April 20, 2018, 07:22:03 PM
it's more commonly used and trusted at the moment among all the alts
If anyone is coming into the cryptospace at the moment, it has always been because they heard one thing or the other about bitcoin and that is the way it has always been. At least, I can say for myself personally, until I kind of got diverted a little bit to the idea at large and then started investing in some altcoins with a solid project. However, bitcoin is more established, it is the first and remains in the center and top of it all, and that is always going to always get the attention and trust of any new investor who is considering venturing into the cryptocurrency world.


Title: Re: So Bitcoin is King.. why is it?!
Post by: cryptohunterSL on April 20, 2018, 08:28:40 PM
Bitcoin is the king in all cryptocurrency. Because there are cryptocurrecy in the world, Bitcoin's name is at the top of them


Title: Re: So Bitcoin is King.. why is it?!
Post by: harobaru on April 20, 2018, 08:38:43 PM
bitcoin is king because it is world largest currency. it gives more profit to people.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Melon12 on April 20, 2018, 09:36:53 PM
Bitcoin is a king because the price of bitcoin is the highest  of all cryptocurrency,that why bitcoin is the king of all currency.


Title: Re: So Bitcoin is King.. why is it?!
Post by: deepcoreotc on April 20, 2018, 09:48:13 PM
Bitcoin was the first crypto currency and this is the reason why it is the king. I also think that it will be replaced by a better more scalable currency in the future tho.


Title: Re: So Bitcoin is King.. why is it?!
Post by: THATBTC on April 20, 2018, 10:01:43 PM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

Well it's the first cryptocurrency with many investors around the world, it was the first that get the confiability of the people, and you can trade it right now with any coin on the world

Bitcoin is the King


Title: Re: So Bitcoin is King.. why is it?!
Post by: Giftedcrypt on April 21, 2018, 09:05:33 AM
Bitcoin can be called a king based on patronage,like trading,mining,buying airtime with it, one of the most used coins, but not really the most expensive coin in the coin market..there are other coins higher than bitcoin..


Title: Re: So Bitcoin is King.. why is it?!
Post by: Sayed Rifat on April 21, 2018, 12:32:34 PM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.
Bitcoin is a king. Because it's  prize too high from the other coin. Nad it's prize become rise day by day. On the other hand other coins prize is low from bitcoin. And it is too safe from other investing way. All over I say it is a king.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Roman Coinson on April 21, 2018, 10:11:09 PM
Bitcoin always will be the king of the cryptocurrencies because it's pioneer in this sphere! Therefore, people will always trust it more than anyone else!


Title: Re: So Bitcoin is King.. why is it?!
Post by: oni4an on April 22, 2018, 11:54:56 AM
In any field in any market, whoever is the first he is very likely to be king. Bitcoin is something more than just a currency, a technology to which there is no interest among many.


Title: Re: So Bitcoin is King.. why is it?!
Post by: seramania on April 22, 2018, 11:58:52 AM
bitcoin with current sales and purchase volumes can serve as the king of cryptocurrency. now bitcoin will still continue to show good price movements, so do not worry about bitcoin and can be used as an investment asset.


Title: Re: So Bitcoin is King.. why is it?!
Post by: lelangsabun on April 22, 2018, 12:00:35 PM
Not really sure. But i think first introduction of crypto currencies is by bitcoin and not at all bitcoin is the highest rank price from any asset currencies after all


Title: Re: So Bitcoin is King.. why is it?!
Post by: sk700 on April 22, 2018, 12:01:46 PM
bitcoin is king in his kingdom. a king dominated his kingdom, as like bitcoin dominated others altcoins. secondly etherum is the heroine of kingdom.


Title: Re: So Bitcoin is King.. why is it?!
Post by: siddu67 on April 22, 2018, 12:02:59 PM
Of course Bitcoin is a king. actually Bitcoin is the most valuable investment. again it is the most valuable cryptocurrency too. people all over the world invest in Bitcoin the most. and day by day it is progressing more than any other coin. for all this reason Bitcoin is the king.


Title: Re: So Bitcoin is King.. why is it?!
Post by: dimitriaustralia on April 22, 2018, 01:26:47 PM
Why the current crypto currency market is worse than the Rothschild owned central banking system!
Why the need for bitcoin black?
The founding members of bitcoin own 95%+ of the entire crypto sphere! Founding members are disguised as Satoshi.
The new money system is doomed! The main need in the crypto space is a fair distibution with education to truly empower users, not to continue on the old path of money centralisation painted in a different picture based on tech.

From the start they owned the majority of  bitcoins and manipulated the price to accumulate more of a share in each project.
From this point any other project accepted bitcoin in ICO's and as accumulation through manipulation accumulated their holdings they invested a stake in the other altcoins.
Founding members get involved in a large stage and over time through manipulation accumulate more and more of a market share of the major projects.
Still at a small total market cap 400 Billion the manipulation continues with one goal to own more of a share of each crypto.
December 2017 masses were lured into crypto for the first time strategist to make them lose faith in the space and lose money. Many other rounds of luring will take place and accumulation of a greater % stake will take place into new upcoming projects.

It is the transitioning of the old money to the new money, owning more of a share in the new money than before. Making it seem fair, accidental and a betterment to humanity. When in fact its more slavery and concentration of wealth to the elite.

https://bitcointalk.org/index.php?topic=3124440.0 (https://bitcointalk.org/index.php?topic=3124440.0)


Title: Re: So Bitcoin is King.. why is it?!
Post by: liuqi on April 22, 2018, 02:29:50 PM
Not really sure. But i think first introduction of crypto currencies is by bitcoin and not at all bitcoin is the highest rank price from any asset currencies after all
The first invention of cryptocurrency is Bitcoin everyone know this news. So don't confuse it and Bitcoin is the king of Crypto market because this will always maintain a high market cap and high value in Crypto platform. This is the first block chain technology so all the peoples are trust in this platform and All the altcoins valuation is depends on Bitcoin price so this is the king of Crypto market.


Title: Re: So Bitcoin is King.. why is it?!
Post by: dimiinx on April 22, 2018, 02:35:47 PM
because so many love bitcoin and its highest price among other coins so bitcoin is the king of all coins.


Title: Re: So Bitcoin is King.. why is it?!
Post by: simaislam on April 22, 2018, 02:40:24 PM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.
yes,I agree with your statement..


Title: Re: So Bitcoin is King.. why is it?!
Post by: ohlawdy on April 22, 2018, 02:44:00 PM
Because they were the first crypto to exist, it is called first movers advantage. And now i think people have the most trust in bitcoin because it is proven.


Title: Re: So Bitcoin is King.. why is it?!
Post by: bimbie on April 22, 2018, 02:45:46 PM
Yes bitcoin is a king because of its price and it's popularity,it's has the most or the highest price in the market,it has the most potential coin and it's the first to come out.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Jenn09 on April 22, 2018, 03:34:58 PM
Bitcoin is widely known all over the world and it's price is way too big compare to other crypto currency so i think that is the reason why they called bitcoin as a "king of crypto currency"


Title: Re: So Bitcoin is King.. why is it?!
Post by: Danilo Malaggay on April 23, 2018, 02:58:06 PM
Yes Bitcoin King Of The Crypto Currency Because Bitcoin A Old First Coin In The Crypto. Most Popular Coin Is Bitcoin And Most Valuable Coin In Crypto World.


Title: Re: So Bitcoin is King.. why is it?!
Post by: rickadone on April 23, 2018, 04:35:43 PM
Bitcoin is the king because it is the very first cryptocurrency in the entire cryptocurrency world and all of the cryptocurrencies get their idea from bitcoin so they are all called altcoins or alternative coin because they are just alternative with bitcoin and bitcoin is the king because it is the trend setter for all of the altcoins in the market so if bitcoin is on bearish trend then the altcoins will follow.
That is one fact no one can ever dispute no matter how much some may want some other cryptocurrency to overtake bitcoin based on their greed or the belief that bitcoin cannot actually increase so much than it already has. I guess only time is going to tell in that case. However, bitcoin would always remain the first and the legacy since every other coin actually evolved from the first major cryptocurrency anyway considering the technology being an open source.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Odelkaleng on April 23, 2018, 05:39:04 PM
Probably because bitcoin is the center of all coins. Bitcoin is also a major reference in the world of crypto. Bitcoin also has a high enough price and stable.


Title: Re: So Bitcoin is King.. why is it?!
Post by: ripti on April 23, 2018, 05:39:23 PM
Yes, bitcoin is king of all cryptocurrency coin. All cryptocurrency price dependent on bitcoin. when bitcoin price up then all coin price up and when bitcoin price dump then all coin price low rate. why not, all cryptocurrency coin made of rules of bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: KingFisher9 on April 24, 2018, 04:57:56 AM
I am concur with you nothing has power and potential as bitcoin has, no cash is that abundant prevailing currently the maximum amount as bitcoin appears to be, until currently from the earliest start line bitcoin has dilated high evaluating and it's right around ninety nine high value than the underlying value of bitcoin, bitcoin is up to now the ruler even at this all around created amount,. i do know it's four-hundredth creator predominance at this moment as you aforementioned however believe Pine Tree State things can come back back to the track shortly, be sure and hold your bitcoin with tolerance.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Blueblade on April 24, 2018, 05:35:12 AM
The primary aim of the Bitcoin community is to keep the network as decentralized as possible so it will remain permissionless, high censor-resistant, and, public. Enabling cheap and fast payment is a secondary priority


Title: Re: So Bitcoin is King.. why is it?!
Post by: Dr.Osh on April 24, 2018, 05:38:46 AM
Yes, bitcoin is king of all cryptocurrency coin. All cryptocurrency price dependent on bitcoin. when bitcoin price up then all coin price up and when bitcoin price dump then all coin price low rate. why not, all cryptocurrency coin made of rules of bitcoin.
perhaps the cause of it is because bitcoin is the first coin that appears, and has the current highest price. it makes bitcoin has + value of other coins. Until now, many are trying to replace bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: pekavcilar01 on April 24, 2018, 05:46:31 AM
Bitcoin is the cornerstone of the crypto money world. The biggest coin that makes up the market is Bitcoin! People have entered crpyto world thanks to bitcoin.
Thanks to Bitcoin, people became millionaires.
Bitcoin is the most important value of the Crpyton world!


Title: Re: So Bitcoin is King.. why is it?!
Post by: israthj on April 24, 2018, 06:00:51 AM
Yes ,I think bitcoin is also called a  king because it is now the most highest coin in crypto world & its price and it's popularity, maybe people know about it already that is why many people today wanted to have more bitcoin for the near future.It has the most potential coin .Bitcoin is really amazing than any other coin.



Title: Re: So Bitcoin is King.. why is it?!
Post by: paras20 on April 24, 2018, 06:11:20 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.
Bitcoin is a King because it helps a lot of people gives source of extra income to everyone


Title: Re: So Bitcoin is King.. why is it?!
Post by: peymanrmi on April 24, 2018, 06:32:09 AM
because in every trading you can see bitcoin footprint
any altcoin first should change it to bitcoin ( or some powerful coins like ETH)
so whenever crypto is live bitcoin is the king of it


Title: Re: So Bitcoin is King.. why is it?!
Post by: kang.reus on April 24, 2018, 06:41:57 AM
because bitcoin has a system based on yank investment different from others, because it is said so because bitcoin is a business that produces.


Title: Re: So Bitcoin is King.. why is it?!
Post by: kloinko1n on April 24, 2018, 06:42:03 AM
Bitcoin remains at the leading position among the Crypto-currency because of its popularity and trust


Title: Re: So Bitcoin is King.. why is it?!
Post by: Glydel1999 on April 26, 2018, 03:29:30 PM
The reason behind why the company of bitcoin is called king because of their excellent performance in the cryptocurrency.
Having a great potential gives them lots of achievements and recognitions in their efforts. Through this acknowledgement they called king.


Title: Re: So Bitcoin is King.. why is it?!
Post by: eydrea on April 26, 2018, 03:34:42 PM
Bitcoin is the leader of coins in this market. Bitcoin has the most potential for improving. Bitcoin still got rooms for it to grow. We all know that bitcoin doesnt reach its full potential so thats its safe to say that anytime bitcoin will recover and go back to the top of this market. The future of bitcoin is very bright because of its big exposure on people. Just keep your hopes on it and will eventually gives you for trusting bitcoin. Keep your hopes and wait bitcoin to shine again.


Title: Re: So Bitcoin is King.. why is it?!
Post by: asm0305 on April 26, 2018, 03:50:59 PM
Yes it is always king Because it gave a life to many peoples in society and also reduced unemployment problems in our society hence this bitcoin gave a new life and improving their standard of living in life also many youths are joining into bitcoin and make their life setteled,where cryptocurrency have more demand paid value.


Title: Re: So Bitcoin is King.. why is it?!
Post by: phixo9x on April 26, 2018, 04:02:34 PM
Current rates of altcoins, as well as bitcoins, are falling rapidly due to the impact of a lot of negative news. If you want to make a profit safely, then I advise you to exchange to ETH then hold until the end of 2018, when the market rebounds on the exchange rate it is better to hold the altcoins at present. The altcoins are showing signs of a sharp decline and are unlikely to recover.


Title: Re: So Bitcoin is King.. why is it?!
Post by: andyhooton on April 26, 2018, 04:03:32 PM
Whether we like it or not, Bitcoin is still the King and there's no other cryptocurrency will beat Bitcoin. Even fiats, Fiats can't defeat bitcoin. Etherium and tokens are just a cryptocurrency that are trying to beat bitcoin but they still not defeating it. Bitcoin is still alive. Bitcoin will still help many people inside Cryto world in the near future.


Title: Re: So Bitcoin is King.. why is it?!
Post by: madhabilota on April 26, 2018, 04:18:50 PM
if there is no Bitcoin, then there will be no Altcoin. Bitcoin is the first crypto to appear, then reappear new coins. Bitcoin prices are highest among hundreds or even thousands of Altcoin. Bitcoin in Say As King, because Bitcoin first appeared and Bitcoin became the Parent of All Altcoin that exist today.


Title: Re: So Bitcoin is King.. why is it?!
Post by: serenacalce on April 26, 2018, 04:37:40 PM
Whether we like it or not, Bitcoin is still the King and there's no other cryptocurrency will beat Bitcoin. Even fiats, Fiats can't defeat bitcoin. Etherium and tokens are just a cryptocurrency that are trying to beat bitcoin but they still not defeating it. Bitcoin is still alive. Bitcoin will still help many people inside Cryto world in the near future.


Title: Re: So Bitcoin is King.. why is it?!
Post by: callmeback on April 26, 2018, 04:41:49 PM
Simple its because bitcoin is in the top of all coin right now. Bitcoin is still alive. Bitcoin will still help many people inside Cryto world in the near future. The future of bitcoin is very bright because of its big exposure on people. Just keep your hopes on it and will eventually gives you for trusting bitcoin. Keep your hopes and wait bitcoin to shine again. I guess only time is going to tell in that case. However, bitcoin would always remain the first and the legacy since every other coin actually evolved from the first major cryptocurrency anyway considering the technology being an open source.


Title: Re: So Bitcoin is King.. why is it?!
Post by: rutherford on April 26, 2018, 05:40:42 PM
As you know, Bitcoin is the first cryptocurrency in the world using blockchain technology. Therefore, Bitcoin become the main benchmark to others. And as time goes by, Bitcoin's popularity is rapidly increasing because many people invest in it. That's why Bitcoin become the most popular crypto (Crypto King) until now.


Title: Re: So Bitcoin is King.. why is it?!
Post by: avoxosuccesful on April 27, 2018, 04:03:34 AM
first i think bitcoin is the king of others because its the very 1st cryptocurrency using blockchain tech,but being the 1st doesn't still make it a king its'd because of it relevance as the 1st and it's popularity and progress because there ain't no popularity if theirs no progress nor sucess,it is also standing as the backborne carrying and also making them popular e.g altcoin.bitcoin is alive and it will help lots of it's followers in the near future,it has also the qualities for every decentralized transaction.invest bitcoin ya'll


Title: Re: So Bitcoin is King.. why is it?!
Post by: cryptoz3rg on April 27, 2018, 04:06:43 AM
BITCOIN KING!


Title: Re: So Bitcoin is King.. why is it?!
Post by: Eleanorjean11 on April 27, 2018, 04:09:44 AM
Bitcoin is very expensive in all parts of the world. It is not easy to spend a whole 8k dollars at one time.  Even after declining for a long duration of three months, bitcoin is still too expensive for a common person. Due to its high value rather the highest potential to grow, bitcoin is considered as the Crypto King. It is also the first crypto currency (also known as the mother of digital currencies) due to which most rich investors supported it.


Title: Re: So Bitcoin is King.. why is it?!
Post by: umbara ardian on April 27, 2018, 04:49:04 AM
Yes you are right bitcoin is the King of all cryptocurrency bitcoin can be a benchmark price of various other coin. for bitcoin transactions currently that could be transparent could make an example of all of the coin. essentially all of the coin will be subject to the bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Marlo0619 on April 27, 2018, 04:54:50 AM
I think yes. That is true. As we can see,  Bitcoin for now is getting better and bigger. Bitcoin expands immensely and spreads too fast and I think no one can stop it and no one will stop bitcoin. The thing here is, billions and billions of people are using this and are aware of bitcoin. But most of them are a bitcoin users. This is just the beginning of bitcoin. It will be known by the whole world.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Golftech on April 27, 2018, 05:15:21 AM
Yes you are right bitcoin is the King of all cryptocurrency bitcoin can be a benchmark price of various other coin. for bitcoin transactions currently that could be transparent could make an example of all of the coin. essentially all of the coin will be subject to the bitcoin.
That's reality, its the main basis until now for those alternative coins all over the world and innovations still on progress, bitcoin is the king and it will
stay as it is, the only thing can replace that is if there's another coins that will revolutionized and provide much better service and solution to those
lapses that we are still seeing from bitcoin, like fast network and transaction fees, especially sereneness and availability all over the globe.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Alfarizi on April 27, 2018, 06:22:28 AM
yes, it is true that bitcoin is the king of all coins because in my opinion and the reason is from all altcoin no one can match or precede the value or price of bitcoin and also all altcoin I think depends on the movement of bitcoin when bitcoin decreases then all altcoin participate decreased so that is why bitcoin is made mother or king of all altcoin


Title: Re: So Bitcoin is King.. why is it?!
Post by: milah_ah on April 27, 2018, 06:39:57 AM
I agree that bitcoin is the best. Thanks to the sophistication of transactions. Thanks to the popularity. And yes! He is the first of its kind


Title: Re: So Bitcoin is King.. why is it?!
Post by: TricksterX on April 27, 2018, 06:46:18 AM
bitcoin is king because have famous name in this world, if talking about technical feature, i don't think so


Title: Re: So Bitcoin is King.. why is it?!
Post by: PM.coins on April 27, 2018, 07:11:21 AM
I think bitcoin is also called a  king because it is now the most highest coin in crypto world maybe people know about it already that is why many people today wanted to have more bitcoin for the near future because they believe  that bitcoin has really a great big capacity to continue rising in the near future.Bitcoin is really amazing than any other coin.
Yes, it was the first coin introduced and used blockchain technology. That is why it is the most popular and most interesting, Also the most expensive and profitable. People and investor consider it as the best coin to invest and it is dominant among other coins.Bitcoin is still the king of crypto, and other coins like eth, litecoin and ripple are the second choice to invest.


Title: Re: So Bitcoin is King.. why is it?!
Post by: ATN.io on April 27, 2018, 07:12:42 AM
More advances than ever are now available. Bitcoin has a bright future ahead.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Jimbo Abu on April 27, 2018, 07:18:03 AM
Bitcoin is the totally first of all cryptocurrency in blockchain, I think this one proves it is the king of all crypto. And Bitcoin has more advantages than other coin like in transaction, Bitcoin is fast and reliable. And this can be our future currency.


Title: Re: So Bitcoin is King.. why is it?!
Post by: lehamay on April 27, 2018, 07:21:22 AM

Bitcoin is king around here in the cryptocurrency because it has the highest value in terms of pricing among the other alternative coins. Many people called bitcoin as mother of all currency because without bitcoin there would no currency at all.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Spain2000 on April 27, 2018, 07:23:14 AM
Due to its virtual nature and the regular usage of bitcoin for online transactions we can say that it is the king of digital world and for the E-Business and E Commerce this is a good achievement and when the digital money have started people were rapidly attracting to this side and for us bitcoin and other crypto can do more than any other form of money so i accept that it is the King.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Shifa788 on April 27, 2018, 12:08:24 PM
Bitcoin is king. Bitcoin is the digital crypto currency. World most popular site is bitcoin.Bitcoin price are so expensive. People come here and invest for a good amount. Day by day bitcoin user are increased. So Bitcoin is king.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Tagabukid69 on April 27, 2018, 12:25:43 PM
Bitcoin is the king of digital currency because they manifest the most expensive value in crypto. Since it is the first crypto coin exist, It becames globally popular and yearly it brings historical milestone in crypto market. It is also very helpful because it gives extra sideline to those who are interested:)


Title: Re: So Bitcoin is King.. why is it?!
Post by: ajoygb on April 27, 2018, 12:26:49 PM
Bitcoin is over all,  that it all start with bitcoin and another is coming to try to compete but above all bitcoin is the best. Bitcoin will always be king - it was the first major crypto and the popularity of the coin so I believe that it will always be a  king. They call it the gold of the internet for it is proving that it's existence starts all..


Title: Re: So Bitcoin is King.. why is it?!
Post by: zhanyiguai261315 on April 27, 2018, 12:29:46 PM
Because BTC is the first application of block chain technology!

Many digital cryptographic currencies are designed to mimic BTC!

BTC has been continuously updated and maintained its leading position in 9 years!


Title: Re: So Bitcoin is King.. why is it?!
Post by: israfil on April 27, 2018, 01:12:45 PM
I think bitcoin is also called a king, because it is now thought that crypto can be the world's highest point. It is used everywhere from the international market because the Bitcoin is used, and its future is expected to increase further. Many people are benefiting from using Bitcoin. Therefore, Bitcoin is called the King.


Title: Re: So Bitcoin is King.. why is it?!
Post by: jademacoy on April 27, 2018, 02:09:59 PM
Well of course bitcoin has the edge to all cryptocurrency and even ether is only an altcoin to bitcoin. So the basis for all crypto is bitcoin and when bitcoin market price drop so does its altcoin. There is no wonder it is called the bitcoin king. However, some altcoins now are having some good establishing records on the investors around the world. Those are the leading crypto just like ethereum. And I guess if it happens ethereum could also achieve what bitcoin has achieve today. I do not know it is hard to predict in cryptocurrency. I will just have to believe on fortunate events that could possibly happen. As of now I am investing in ether but I guess I will convert it to bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Periodik on April 27, 2018, 02:20:18 PM
Bitcoin is king on very solid grounds. It is the beginning of the whole wide world of cryptocurrency. If cryptocurrency will soon replace fiat, that would be a very amazing thing to happen. And to a very significant extent, it happens because of Bitcoin. Of course, as new technologies develop and progress more and more, new versions are born. However, tracing their roots will always lead to the one and only Bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: NEERAJ ANAND on April 27, 2018, 04:44:15 PM
It is a king because it gives us the returns which cannot be matched by any altcoin or any other instrument. It is a leader from launch of this crypto world and will be a leader in future also.


Title: Re: So Bitcoin is King.. why is it?!
Post by: chillitabit on April 27, 2018, 04:59:59 PM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

just suppose that new technologies and blockchain implementations are coming every day, but it doesn't mean that the old ones need to be replaced. Imagine the same thing happening with dollar notes, that every time better quality of paper would be implemented, all notes would get changed. It makes sense to study the new tech and slowly implement it to bitcoin core if the community agrees. Changing currencies every week wouldn't help anyone, it's important to have that is widely used and some others for certain specific implementations


Title: Re: So Bitcoin is King.. why is it?!
Post by: SMD.Shuvo on April 27, 2018, 05:04:32 PM
That bitcoin really seems to me a king. It's all the coins of the king. This precious Bitcoin changed my life. I used to have a lot of trouble at one time. My family used to suffer a lot. Now I have been able to earn a lot of money by doing this bitcoin. It laughs at the face of my parents. That's why I have become king all my life.


Title: Re: So Bitcoin is King.. why is it?!
Post by: onnz423 on April 27, 2018, 05:29:56 PM
The sad fact is Bitcoin is king because it was first. Yes, it has the most users and easily the highest market cap and trade volume, but these are due to the fact it was first, rather than because it's the best.

I do believe Bitcoin has a bright future, and it will probably stay number 1 for a long time, but it's hard to ignore the competitors hot on its heels, like EOS and NEO with strong smart-contract potential.


Title: Re: So Bitcoin is King.. why is it?!
Post by: achsan fauzy on April 27, 2018, 05:34:28 PM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

Bitcoin is currently at the top of the cryptocurrency list because of how high its value right now. Cryptocurrencies all around the world is comparably pale to what bitcoin has to offer in terms of popularity and its financial value to the people using it
bitcoin become the king in the market of crypto and the blockchain system not because of the price of bitcoin expensive. but I think this is because bitcoin has the most stable price compared altcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: AquaVitae on April 27, 2018, 05:35:16 PM
It was the first one, is most well known crypto, has the longest blockchain, has proven to be resilient against hackers.



Title: Re: So Bitcoin is King.. why is it?!
Post by: baundul on April 27, 2018, 05:47:57 PM
Bitcoin is the first block chain user and first coins. Go back Bitcoin has been reigning in the market for the last few years.
Quote
1. Slow transactions, 2. High fees
It is transaction slow but the most secure. At present, fees have been reduced.
Quote
So i ask again what makes Bitcoin the King
My opinion is Bitcoin King. The King was in the past. There are currently and will be in the future. Because there is no other coin equivalent to Bitcoin that can be rival. Bitcoin is the most decent currency. It is impossible to move forward without coins without decentralisation.


Title: Re: So Bitcoin is King.. why is it?!
Post by: cryptotnak on April 27, 2018, 06:09:08 PM
Because bitcoin is the first cryptocurrencies has ever launched,due to its success most of the people has created their own cryptocurrencies.As the foundation of all the cryptocurrencies bitcoin's job i to give us more decentralized curreny which shouldnt be controlled by anyone and to give us purely anonimity when we are transacting online.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Udrujec on April 27, 2018, 08:43:46 PM
Yes, bitcoin at this stage of its development has quite a few drawbacks, but it is permissible for him, he is still very young. Over time, I am sure that these shortcomings are being addressed.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Welhell on April 27, 2018, 09:16:15 PM
In my opinion the greatest reason for Bitcoin's price that it the first cryptocurrency in crypto world. If bitcoin didn't establish, may be there not were be cryptocurrency word.


Title: Re: So Bitcoin is King.. why is it?!
Post by: faithofb on April 27, 2018, 09:20:20 PM
Nothing so special about bitcoin as we have seen so many cryptocurrency that has great features more than it but the grace bitcoin's is having is because it was the first created blockchain technology...


Title: Re: So Bitcoin is King.. why is it?!
Post by: hridoyb on April 27, 2018, 10:04:28 PM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.
Yes bitcoin is a king of the crypto world.Crypto market and all other crypto coins always support form bitcoin and its price also depends on bitcoin price.Nowadays Bitcoin and blockchain try to faster their service and they add a high mining fee for the transaction so if you want to quickly complete your transaction need to be high fees.On the other bitcoin added many forks for bitcoin faster and you can buy any coin have bitcoin.Bitcoin is now more famous and valuable coin all over the world and everybody know its a king of crypto market


Title: Re: So Bitcoin is King.. why is it?!
Post by: zhelis74 on April 27, 2018, 10:32:34 PM
Bitcoin is the first block chain user and first coins. Go back Bitcoin has been reigning in the market for the last few years.
Quote
1. Slow transactions, 2. High fees
It is transaction slow but the most secure. At present, fees have been reduced.
Quote
So i ask again what makes Bitcoin the King
My opinion is Bitcoin King. The King was in the past. There are currently and will be in the future. Because there is no other coin equivalent to Bitcoin that can be rival. Bitcoin is the most decent currency. It is impossible to move forward without coins without decentralisation.
As for me, bitcoin is still deserving to be entitled as the king of all crypto coin because in the first place it is the first ever created successful coin in a crypto world and it is the pillars of crypto currency and above all bitcoin is the most popular and highest value digital coin in the world.


Title: Re: So Bitcoin is King.. why is it?!
Post by: jeluhtajem on April 27, 2018, 10:59:29 PM
People say Bitcoin is king simply because it has such a high market dominance, trading volume and user base. In reality, Bitcoin has few, if any advantages over some of the 2nd generation blockchains such as NEO and EOS, so it's a wonder how it has managed to maintain its lead for so long.


Title: Re: So Bitcoin is King.. why is it?!
Post by: brokens on April 28, 2018, 04:53:45 AM
the specialty of bitcoin is that it has the highest price of all coins in cryptocurrency and is the first blockchain technology.
so Bitcoin will always be king of all time and will never can be replaced with coin anything.


Title: Re: So Bitcoin is King.. why is it?!
Post by: standbay29 on April 28, 2018, 05:33:51 AM
Bitcoin is relatively a young guy and is not yet a teenager, currently we are seeing the many side-effects of a system where no single person can be called as the leader...this is what we want when we prefer decentralization.


Title: Re: So Bitcoin is King.. why is it?!
Post by: YNAGS Team on April 28, 2018, 05:37:14 AM
First we must consider, that bitcoin is the first and the biggest, the most popular cryptovurrency at all. Everybody knows it.


Title: Re: So Bitcoin is King.. why is it?!
Post by: ongkok87 on April 28, 2018, 05:41:33 AM
Bitcoin is the first block chain user and first coins. Go back Bitcoin has been reigning in the market for the last few years.
Quote
1. Slow transactions, 2. High fees
It is transaction slow but the most secure. At present, fees have been reduced.
Quote
So i ask again what makes Bitcoin the King
My opinion is Bitcoin King. The King was in the past. There are currently and will be in the future. Because there is no other coin equivalent to Bitcoin that can be rival. Bitcoin is the most decent currency. It is impossible to move forward without coins without decentralisation.
As for me, bitcoin is still deserving to be entitled as the king of all crypto coin because in the first place it is the first ever created successful coin in a crypto world and it is the pillars of crypto currency and above all bitcoin is the most popular and highest value digital coin in the world.
it is true that you are saying that bitcoin is like a king because the price is very high than other coin coins in the crypto world. so it's really true for bitcoin in nicknamed king because no coins are capable of exceeding the value of bitcoin


Title: Re: So Bitcoin is King.. why is it?!
Post by: charlemagne_15 on April 28, 2018, 05:53:04 AM
Bitcoin was the first cryptocurrency using the blockchain. It s the "grandparent" of all crypto, altcoin included.

I agree. It is true that bitcoin is the first to use the blockchain. Also, bitcoin is the most popular and use of the people. It is the 'King' because of its good qualities. Bitcoin deserve that kind of title due to I believe it is the first ever successful cryptocurrency resulting to a high value in the market.


Title: Re: So Bitcoin is King.. why is it?!
Post by: fbastage on April 28, 2018, 05:55:28 AM
Because bitcoin is the ancestor of all crypto currency, he is in charge! Yes, this is not the most technological coin, but at the same time it is the most protected coin, which does not have a master and which does not depend on anything other than people!


Title: Re: So Bitcoin is King.. why is it?!
Post by: bitcon on April 28, 2018, 03:27:54 PM
The reason behind why the company of bitcoin is called king because of their excellent performance in the cryptocurrency.
Having a great potential gives them lots of achievements and recognitions in their efforts. Through this acknowledgement they called king.


For me, it is a King because it is simply a father of all cryptocurrencies, the pioneer on the market. Blockchain technology is associated with Bitcoin mostly, although there are many other great alts.


Title: Re: So Bitcoin is King.. why is it?!
Post by: TRON0824 on April 28, 2018, 03:33:30 PM
yes bitcoin is a king of all crptocurrency . for me this is a evolution of money . from Stones , golds , coins , papers to Digital currency . Bitcoin is the best human invented in history  I Believe Bitcoin can change the world for the better .


Title: Re: So Bitcoin is King.. why is it?!
Post by: icaica22 on April 29, 2018, 08:25:16 AM
I firmly believe that Bitcoin Masih is king in this market.
I know it's only 44% of today's marker dominance but things will change very fast in the new year for sure.


Title: Re: So Bitcoin is King.. why is it?!
Post by: jpaul on April 29, 2018, 08:30:15 AM
Bitcoin is the king due to many reasons such as it having the first movers advantage, a very large dev team working for it, the biggest and most active community, much safer investment in comparison to others and the most important one that is the prices of altcoins still being tied to the price of Bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: juragane on April 29, 2018, 08:44:18 AM
I think bitcoin is the king of all cryptocurrency-based coin or digital currency because I think bitcoin has very limited availability so it makes the price the most expensive of all coins.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Menawi12 on April 29, 2018, 08:45:33 AM
In my perspective, bitcoin became king of cryptocurrency because bitcoin is pioneer in market. Beside that, investor must more comfort on bitcoin because bitcoin have biggest liquidity on market and volume transaction daily is biggest in cryptomarket.
Investor always want investing on something that they can withdraw anytime they want and bitcoin provide that


Title: Re: So Bitcoin is King.. why is it?!
Post by: Spanopohlo on April 29, 2018, 08:48:08 AM
Let us just sum up that all up, Bitcoin is King Because it is the coin of all coins, the Major coin, the origin, the source, the reference, the alpha I might say, and the coin that started the Cryptocurrency in the world. There are a lot of coins out there and some are on the tails of the value of bitcoin, still, they can't overcome the level value of this coin. On the other hand, there will come a time that Bitcoin will reach its downfall, because of banning or just another coin that tops it all out.


Title: Re: So Bitcoin is King.. why is it?!
Post by: kesmex on April 29, 2018, 08:58:10 AM
because bitcoin is the first coin, and the highest among the other coins, there is altcoin also because to cover its weaknesses only, since bitcoin only has a 21 million coin supply only, that's why many people want to have it because of limited supply, no mistake if bitcoin become king all coins.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Surge_Dev on April 29, 2018, 09:36:33 AM
This is a well-deserved title because it was precisely with bitcoin that huge investment interest started, which is now observed in the crypto-currency market. It has more potential than others


Title: Re: So Bitcoin is King.. why is it?!
Post by: Thira on April 29, 2018, 10:28:27 AM
It was the first in the landscape, it's become representative of the entire crypto world (i.e. bitcoin = all of cryptocurrency in some people's minds), and people know its name.

yes bitcoin considered as the king of all coins in cryptocurrency because this is the first coin invented and it is very useful to us,  make transaction easy and safe, and through this bitcoin many people earned a lot, giving a chance you to grow like in business, but  you need to know and make a research of this so that you will not be fool or scam by others.   


Title: Re: So Bitcoin is King.. why is it?!
Post by: NYONYG175 on April 29, 2018, 10:42:57 AM
Only bitcoin is the highest value in all other coin crypto coins so bitcoin is dominated as the king of all the coin kings by it, and the first bitcoin comes out.


Title: Re: So Bitcoin is King.. why is it?!
Post by: AteenaD on April 29, 2018, 12:10:03 PM
Simply because the most popular coin to trade with is BTC. All the top exchanges offer a BTC trading pair. Thus when BTC starts to move everyone starts trading out of (or into) alts via BTC. Thus the BTC economy is in many ways the crypto economy. Bitcoin is king and queen, and the other coins are at best following it.


Title: Re: So Bitcoin is King.. why is it?!
Post by: venlo on April 29, 2018, 12:29:39 PM
because so many love bitcoin and its highest price among other coins so bitcoin is the king of all coins.


Title: Re: So Bitcoin is King.. why is it?!
Post by: nightfury on April 29, 2018, 12:32:02 PM
Bitcoin is king because it's the pioneer of all cryptocurrencies in the cryptoworld. You can name any of altcoins you like but it's only bitcoin that can make your altcoins to be converted to cash. Bitcoin is the base currency of the crypto markets, thus, making bitcoin the mainstream already.


Title: Re: So Bitcoin is King.. why is it?!
Post by: kirito1614 on April 29, 2018, 12:35:06 PM
Bitcoin is ruler around here in the cryptographic money since it has the most noteworthy incentive regarding evaluating among the other elective coins, I think Altcoins are made not to outperform or take out bitcoin in the crypto world it is at present delivered to help bitcoin in its mission of cash predominance. High exchange expense you say? indeed, I say at any rate it doesn't have any esteem included assessment, or include shrouded charges, it turns out budgetary flexibility are made free I say. Everything I can state man attempt and unwind take a stab at stressing over your speculations and not at the things in which you couldn't control and simply begin accepting and having confidence on bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Yantoaja on April 29, 2018, 12:39:45 PM
Because it can be said bitcoin is the mother of cryptocurrency and the first. So why you can say bitcoin is king.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Et Hereum on April 29, 2018, 12:53:45 PM
Yes that's for sure. Because bitcoin is currently the most popular among the world community. Bitcoin is also one of the world's first circulating digital circulating cryptocurreny. Bitcoin prices are currently very high but unstable and unpredictable.


Title: Re: So Bitcoin is King.. why is it?!
Post by: handini on April 29, 2018, 12:54:44 PM
Because it can be said bitcoin is the mother of cryptocurrency and the first. So why you can say bitcoin is king.
yes so can, let alone the bitcoin is the coin that first appeared, than on the other coin-coin. so bitcoin can also be called by the nickname of king coin. because the value is also large than others.


Title: Re: So Bitcoin is King.. why is it?!
Post by: dupee419 on April 29, 2018, 01:19:02 PM
Yes bitcoin is king, btc started all of this, ever wondered why this forum is called bitcointalk and not ethereumtalk nor even litecointalk or rippletalk? Well now you know why it is called bitcointalk. Satoshi Nakamoto and his group started the crypto world, bitcoin was released on the year 2008, while ethereum was released on year 2013, one of the main reasons why bitcoin is king is because of the longevity they have been here.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Janpura on May 01, 2018, 10:16:54 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

bitcoin is a king because it has a highest value among all the crypto coins also the first coin in cryptoworld more popular, a pioneer coin that untill now we can see the sucess of it.


Title: Re: So Bitcoin is King.. why is it?!
Post by: ratnawide on May 01, 2018, 10:24:55 AM
bitcoin is the first created digital coin, the number is limited and this coin is very popular in some social media. bitcoin becomes the benchmark for all types of crypto currency in the world, the most expensive. therefore bitcoin is considered the king of crypto currency


Title: Re: So Bitcoin is King.. why is it?!
Post by: Coinnosaurus on May 01, 2018, 02:33:23 PM
Actually btc is one of the world’s best known digital currencies and has enjoyed huge success over recent years. Because bitcoin is a safe, appreciating and decentralised digital asset. Also is because acceptance has also increased. There are now many places where consumers can pay by Bitcoin, as many companies now accept this as a method of payment.


Title: Re: So Bitcoin is King.. why is it?!
Post by: mahibul49 on May 01, 2018, 02:48:58 PM
actually bitcoin is the worlds most stable and strong virtual currency and father of crypto and it is king and it will remain king always :)
bitcoin price will increase more and more bcz its king :)


Title: Re: So Bitcoin is King.. why is it?!
Post by: jerowacik on May 01, 2018, 03:26:53 PM
Bitcoin is truly important, because for the people who dig a little deeper past the articles that scream “Bitcoin is a Bubble” will see cryptocurrency is so much more than Bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Joyeeta on May 03, 2018, 01:27:31 PM
cause it is the first crypto and lots of people know about it. if any media or tv news on crypto, they only mention bitcoin, so it proves bitcoin is the king. Also the price, bitcoin has the highest value among all coins.


Title: Re: So Bitcoin is King.. why is it?!
Post by: nodulelibyane7 on May 04, 2018, 01:26:49 PM
Its the oldest among the cryptoz and so generally its assumed as the king or the ruler.


Title: Re: So Bitcoin is King.. why is it?!
Post by: shaheer001 on May 04, 2018, 01:39:04 PM
Without Bitcoin crypto coins will die as Bitcoin is the leader of all altcoins because it is the first and most popular coin in the world and every altcoin need bitcoin to boost or rise its price.


Title: Re: So Bitcoin is King.. why is it?!
Post by: QuickS22 on May 04, 2018, 01:41:55 PM
Bitcoin is a proponent of all crypto currency. This is the first currency that uses blockchain and it will forever remain digital gold.


Title: Re: So Bitcoin is King.. why is it?!
Post by: harshmonty3 on May 04, 2018, 01:43:02 PM
Bitcoin remains king in crypto.
Now the  transfer fee is very low (around $1).
Lighting network is in testing which speed up the transfer speed.
I think btc is the universal currency one day.


Title: Re: So Bitcoin is King.. why is it?!
Post by: perova93 on May 05, 2018, 02:51:53 PM
It was the king and it will be the king for quite a long time due to its the first use of blockchain technology and already run for nine years, it prove itself by overcome lots of problems and survive to now, more and more people get to know blockchain and I think there will be a new coin replace bitcoin in the future


Title: Re: So Bitcoin is King.. why is it?!
Post by: CAPT.DEADPOOL on May 05, 2018, 02:53:52 PM
because maybe bitcoin is more familiar than altcoins in the market so called bitcoin is king but that's really better because it's someone else's and because of the high price and its future


Title: Re: So Bitcoin is King.. why is it?!
Post by: Salemmia on May 05, 2018, 02:54:37 PM
Bitcoin is the first digital cryptocurrency  and most valuable high demand able currency . bticoin represent the all other crypto currency and it is the highest market cap currency.


Title: Re: So Bitcoin is King.. why is it?!
Post by: marites on May 05, 2018, 02:55:19 PM
I do really believe that bitcoin still the king of all cryptos and no other crypto currencies can compare to it. Because bitcoin is more popular and more profitable.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Froy on May 05, 2018, 03:00:23 PM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.
I met with cryptocurrency thanks to only BTC and he did a lot of good for me and I am very grateful to him. Even though I'm not good at it, BTC will always be my king of cryptocurrency.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Escan0r on May 05, 2018, 03:03:21 PM
Indeed, when the situation is very much people who transact bitcoin will be a bit old for delivery, but it's not more than 1 day in my opinion. Bitcoin became the king of his cryptocurrency because its value can be said to be huge for now.


Title: Re: So Bitcoin is King.. why is it?!
Post by: tesmark07 on May 05, 2018, 03:04:24 PM
I think bitcoin is more powerful than any other crypto currencies and no one can ever replace to bitcoin.
I believe that bitcoin is the first crypto currency who ever made and uses in some countries unlike other digital currencies who are still low quality and untrustworthy.


Title: Re: So Bitcoin is King.. why is it?!
Post by: stely41 on May 05, 2018, 03:07:16 PM
Bitcoin is the first digital cryptocurrency  and most valuable high demand able currency . bticoin represent the all other crypto currency and it is the highest market cap currency.
Bitcoin is at a significant advantage, which it has won fairly through its early presence and iterative improvements. There will be many more times where it hits economic, governmental and commercial challenges, but if it’s track record is anything to go by, it will overcome them and evolve into something stronger.


Title: Re: So Bitcoin is King.. why is it?!
Post by: davison2 on May 05, 2018, 03:10:57 PM
Sure it is, because compared to other crypto currencies bitcoin is more stable and it has been around for a longer time. Also it has gained more adoption than any other cryptocurrency.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Dirk2017 on May 05, 2018, 03:12:46 PM
I do really believe that bitcoin still the king of all cryptos and no other crypto currencies can compare to it. Because bitcoin is more popular and more profitable.

Theres no altcoin, etherium, steemcoin and etc. Without bitcoin, bitcoin is the foundation of all coin, thats why bitcoin is the king of all crypto coins. Bitcoin is so popular other than coin and it is profitable. You can invest in long term or short term and it depends on your strategy to earn profit.


Title: Re: So Bitcoin is King.. why is it?!
Post by: alvinmtp on May 05, 2018, 03:13:38 PM
As we all know bitcoin is popularly known as "The Father of Cryptocurrencies". It is so called because it is first of it's kind.It is the first decentralised cryptocurrency.I think one of it's striking features is that it keeps the user anonymous and secure.Name me any one altcoin which has ever crossed the value of $19000 per token/coin.There isn't any right!!!!!!.That's what makes it the king.
And i believe that bitcoin devs are working really hard on Lightning network.I guess soon in the near future we will be able to transact bitcoins in lightning speed with minimal transaction fee.Once the devs find a solution to these two problems of speed and transaction fees there isn't any power which can rival bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: ashlyvash00 on May 05, 2018, 03:15:37 PM
I think why bitcoin is the king. Because he is the first crypto and his price greater than other crypto currency thats why he called king of crypto


Title: Re: So Bitcoin is King.. why is it?!
Post by: Sosad12 on May 05, 2018, 03:23:16 PM
because bitcoin is the first coin, and the highest among the other coins, there is altcoin also because to cover its weaknesses only, since bitcoin only has a 21 million coin supply only, that's why many people want to have it because of limited supply, no mistake if bitcoin become king all coins.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Ayaah on May 05, 2018, 03:34:29 PM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

Yes,  as my opinion the bitcoin is the father of all coins. Because bitcoin is the first pioneer digital money currency that runs to the blockchain transaction. And it was created by Mr. Satoshi Nakamoto in 2009. Since the bitcoin is the king of all coins it has also a highest price value compare to all altcoins.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Makingmoney2018 on May 05, 2018, 03:40:33 PM
Bitcoin is a cryptocurrency and a worldwide payment system which was invented by an unknown person under the pseudonym of Satoshi Nakamoto. It has also helped other cryptocurrencies to get investments and have them existence. And bitcoin is considered as the undisputed and yet undefeated king in the crypto world. Bitcoin has the highest rate of merchant adopter, services, ATM's, exchange, fiat pairings, users and wallets.


Title: Re: So Bitcoin is King.. why is it?!
Post by: milah_ah on May 05, 2018, 04:04:07 PM
Because he is the first in the crypto currency. Because it's popular. It is simple and safe. I like bitcoin


Title: Re: So Bitcoin is King.. why is it?!
Post by: handini on May 05, 2018, 04:09:40 PM
Because he is the first in the crypto currency. Because it's popular. It is simple and safe. I like bitcoin
not only that, which makes bitcoin king because bitcoin prices soar and coin-coin can not compete with bitcoin anytime, so many think that bitcoin is king of coin


Title: Re: So Bitcoin is King.. why is it?!
Post by: Lucas Kronenberg on May 05, 2018, 04:17:09 PM
The fact that bitcoin dominates the crypto-world is certainly a fact. There are several reasons why bitcoin is a leader and is not going to lose its position.
1. Recognition (pioneer factor).
2. Record showed stock quotes.
3. High capitalization threshold.
4. The index of dominance.
5. Network effect.
6. The global spread of the Blockchain.
7. Periodic implementation of new algorithms.
8. Application as a means of saving.
9. The adoption by retailers.
10. Volatility.


Title: Re: So Bitcoin is King.. why is it?!
Post by: upinros on May 05, 2018, 04:19:57 PM
You can say that the king is Bitcoin, because. Remember when branching out of monero, monero price has fallen to the moon. If you can observe that without US dollars you can not convert your fiat currency to other currency and you can not buy goods abroad. Bitcoin is also like this if you do not have Bitcoin You can not buy or trade with other Altcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: jennygamilo on May 05, 2018, 04:35:08 PM
you can tell the king bitcoin because it's so famous, you can get money anywhere, it's worth it and it's still worth it, and another one can say bitcoin is king because there's more people who use it because of the high cost here , and of course also because it's easy to use


Title: Re: So Bitcoin is King.. why is it?!
Post by: 19Nov16 on May 05, 2018, 05:04:46 PM
Bitcoin is the king because becomes the standard price of all coins, as we know that the effect of bitcoin is very strong, more than 10,000 exchanges make bitcoin for trading and this certainly makes the use of bitcoin very large compared to other coins.


Title: Re: So Bitcoin is King.. why is it?!
Post by: dbijoy on May 05, 2018, 06:07:03 PM
You know the bitcoin in the cryptocurrency market. You really do never know what you are going to get. I am something of a bitcoin maximalist (have been since 2009) but am open to other currencies. As a result of a collaboration with one alt (BCN, which is the coin from which Monero was forked) which at the time, a few years ago, was 63rd or 65th on the crypto market cap list (it wasn't worth much at that time, relative to some other decentralized cryptosystems), I was able to get an idea integrated into BCN that at the time simply would not have been possible to have been integrated into bitcoin: small, but voluntary microdonations (as an option in the BCN graphical wallet, either from mining or just from transactions). see http://abis.io for some details. That was back in late 2015. (Today BCN is 28th on Coinmarketcap, it usually has been ranging now somewhere between 20th and 25th, but the past couple days have been rough for all cryptos, though they will bounce back.)The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, I don't see much support actually)? Right now I see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but I am not sure of it and would really appreciate if it actually kept the edge in its design and technology too over other cryptos. Right now I don't see it at all. So bitcoin is a king of all coin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: elusive1 on May 05, 2018, 06:23:17 PM
Bitcoin is the king because becomes the standard price of all coins, as we know that the effect of bitcoin is very strong, more than 10,000 exchanges make bitcoin for trading and this certainly makes the use of bitcoin very large compared to other coins.

Yes, Bitcoin is still king, and all that is said about him is true. But Bitcoin's dominance in the market is gradually falling, now its market share is 36%, and in early 2017 it was 80%. I think this trend will continue.


Title: Re: So Bitcoin is King.. why is it?!
Post by: KateOrigami on May 05, 2018, 06:28:14 PM
The main question is not how high bitcoin can go up. The main question is how low the fiat currencies can drop. As a result, they will completely depreciate, because they are simply irresponsibly pre-printed. All of these currencies have been in operation since the Bretton Woods, and it's possible that the dollar will not fall to zero relative to the rest, but in fact all the fiat currencies have already fallen by 95% relative to something that can not be regulated - for example, gold and crypto-currencies. So bitcoin could well grow to a million apiece


Title: Re: So Bitcoin is King.. why is it?!
Post by: Dotakels on May 06, 2018, 04:35:12 AM
Bitcoin is the king because becomes the standard price of all coins, as we know that the effect of bitcoin is very strong, more than 10,000 exchanges make bitcoin for trading and this certainly makes the use of bitcoin very large compared to other coins.

Yes, Bitcoin is still king, and all that is said about him is true. But Bitcoin's dominance in the market is gradually falling, now its market share is 36%, and in early 2017 it was 80%. I think this trend will continue.
It's hard to say what will happen, but as a rule, everything is cyclical, so the opposite can happen! I do not know what can happen, thanks to which the dominance of bitcoin on the market will grow again, but I would be interested to see)


Title: Re: So Bitcoin is King.. why is it?!
Post by: Pakwan12 on May 06, 2018, 05:46:06 AM
Yes bitcoin is still the king of all cryptocurrency because of the high price in the market.


Title: Re: So Bitcoin is King.. why is it?!
Post by: @Mhaiang on May 06, 2018, 06:10:07 AM
It is not because bitcoin is the first cryptocurrency ever existed in the cryptoworld but because bitcoin has become the currency in which alternate coins has a pair to it so you can trade your alt coin to bitcoin before you convert it to fiat. On the other hand, bitcoin's fall down can also be a falldown to alt coins market cap and price.


Title: Re: So Bitcoin is King.. why is it?!
Post by: dany henry on May 06, 2018, 06:16:39 AM
Simply because the most popular coin to trade with is BTC. All the top exchanges offer a BTC trading pair. Thus when BTC starts to move everyone starts trading out of (or into) alts via BTC. Thus the BTC economy is in many ways the crypto economy. Bitcoin is king and queen, and the other coins are at best following it.


Title: Re: So Bitcoin is King.. why is it?!
Post by: oceantiger on May 06, 2018, 06:34:37 AM
Bitcoin is a king and will remain one because it is the precursor for every other altcoins. Bitcoin is the measure for all other altcoins. If bitcoin is trending upwards all other altcoins will move in the same direction and if it is in the opposite then theirs also will be in the opposite. Bitcoin is resilience and have the capacity to withstand multiple attacks as we have experience early this year.


Title: Re: So Bitcoin is King.. why is it?!
Post by: henry056 on May 06, 2018, 06:40:36 AM
not being as the king because bitcoin started it all it was the mother of all crypto . without bitcoin these coins and tokens will not be here .Going back to the history bitcoin was born with its own blockchain and time by time many are getting into it and if you say crypto bitcoin is the first thing people will remember because bitcoin can be seen on internet or in television . it was the most famous crypto in the world


Title: Re: So Bitcoin is King.. why is it?!
Post by: andohyeb on May 06, 2018, 06:50:32 AM
Bitcoin is the first cryptocurrency I think has gained such a popularity and the demand for it is increasing everyday. Besides it has the largest volume of market capitalization and is the real reason why it is king .


Title: Re: So Bitcoin is King.. why is it?!
Post by: NerdofBTC on May 06, 2018, 06:53:41 AM
A person became king as if he is on the top and have a sufficient qualities of king or if we talk about cryptocurrency is king is bitcoin as it is on the top of all cryptocurrency with a price of 9800$ it is leading to the market and it attracts the people more and more everyone wants to invest in bitcoin because it give you a good return so its the king of cryptocurrency.


Title: Re: So Bitcoin is King.. why is it?!
Post by: faithofb on May 06, 2018, 07:07:28 AM
it will always be the king for been first pioneer and first cryptocurrency created, without the creation other cryptocurrency can exist..


Title: Re: So Bitcoin is King.. why is it?!
Post by: nurulbd on May 06, 2018, 07:17:56 AM
Bitcoin has no own entity. Owner is the only main user of Bitcoin platform . Many countries now use Bitcoin and Blockchain technology. Blockchain technology  are economically very well at this time.its growing very well on the Banking sector.Bitcoin used for Blockchain For this, Bitcoin is known as the King of Coins.Because, Day by Day its popular on the world Economy.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Apes on May 06, 2018, 07:23:53 AM
Yes bitcoin is king because of the very high value among other coins and the first crypto coins in the world .. and if someone who has bitcoin with so many then that person will be king like bitcoin .. because its value is very high in price and digital currency first in the world and many are hunting him to become rich ..


Title: Re: So Bitcoin is King.. why is it?!
Post by: Mekmbem on May 06, 2018, 07:25:15 AM
because bitcoin is the first coin created and the amount is limited to only 21 million only and the price is very expensive, because it is bitcoin in nicknamed king of all coins in the market :)


Title: Re: So Bitcoin is King.. why is it?!
Post by: xhoondilan on May 06, 2018, 07:56:46 AM
The main advantages of Bitcoin why it is callred the king are network effect and proven security. Both are nearly insurmountable advantages. Bitcoin has a large lead as a store of value over every altcoin in having existed 8 years without failure. The security of Bitcoin has been proven far more than its much younger counterparts with usage by almost every metric exceeding that of altcoins. Further, Bitcoin is more accessible, with more exchanges, more merchants, more software and more hardware that support it. Bitcoin is far more liquid, with much larger volumes than every altcoin. That's why bitcoin has many advantages in other crypto and more people using it rather than the other crypto.


Title: Re: So Bitcoin is King.. why is it?!
Post by: ArnoldChippy on May 06, 2018, 07:58:05 AM
Bitcoin is the first cryptocurrency I think has gained such a popularity and the demand for it is increasing everyday. Besides it has the largest volume of market capitalization and is the real reason why it is king .
In fact that is the main reason, that bitcoin is the fist most currency created as online currency, although after that so many altcoin have been created but still bitcoin is the best and number one currency of the world and will remain as the number one currency of the world. and that is the reason that we can call it as the kind of the crypto world.


Title: Re: So Bitcoin is King.. why is it?!
Post by: dear53 on May 06, 2018, 08:38:53 AM
Yes bitcoin is king.Bitcoin is king because its activity.bitcoin is a very first currency.It is the most trusted currency and safe also.There are many online currency start there journey with bitcoin now you see that where is others currency and where is bitcoin.Millions of people in the whole world use bitcoin.It is the safe and most secure currency.Day by day bitcoin price is going to high and high.Some times its price is going to down but its for a very short time.
So this is the reason people called bitcoin is the king of all currency......😊😊😊😊😊


Your ever😊


Title: Re: So Bitcoin is King.. why is it?!
Post by: Kaniel-ouots on May 06, 2018, 08:40:37 AM
bitcoin is the king cuz its the real idea the originale idea  the first one and cuz its limits (mining,coins) it will be allways the first and top 1


Title: Re: So Bitcoin is King.. why is it?!
Post by: hibiscus on May 06, 2018, 09:00:23 AM
Bitcoin is the first and very strongest crypto currency which has started in the year 2009.It is known as the king among the alt coins because its popularity among the educated mass is widened world wide due to its varied usage in the human life.The investors and business people are attracted bitcoin as a good investment which can be operated world wide.Bitcoin is volatile in the market which will be good for the day traders.This is usable for the salary payment and for the service bill payment etc.Bitcoins market capital  and the daily traded volumes are very high so we can say that bitcoin is the King among the crypto currency.


Title: Re: So Bitcoin is King.. why is it?!
Post by: bitcoinbot on May 06, 2018, 09:55:17 AM
I think that bitcoin is number one, because He is the founder of the crypto currency, it all started! In addition, bitcoin has no master, which gives him a huge advantage!


Title: Re: So Bitcoin is King.. why is it?!
Post by: pallang on May 06, 2018, 12:13:46 PM
We can say that Bitcoin is the king of all coins because it is the most popular coin in crypto and it has the highest value coins once we think cryptocurrency the first sought coins is Bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Zagor Tenay on May 06, 2018, 03:29:49 PM
Bitcoin is still the King and there's no other cryptocurrency will beat Bitcoin. Even fiats, Fiats can't defeat bitcoin. Etherium and tokens are just a cryptocurrency that are trying to beat bitcoin but they still not defeating it.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Rosscy on May 06, 2018, 03:39:29 PM
Cryptocurrency which first appeared was bitcoin. Which at the time of launch is very cheap and no one is interested in bitcoin. However, the current bitcoin becomes the cryptocurrency king of the other cryptocurrency types.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Fergus Lewis on May 06, 2018, 03:50:36 PM
I think bitcoin is also called a  king because it is now the most highest coin in crypto world maybe people know about it already that is why many people today wanted to have more bitcoin for the near future because they believe  that bitcoin has really a great big capacity to continue rising in the near future.Bitcoin is really amazing than any other coin. :)


Title: Re: So Bitcoin is King.. why is it?!
Post by: nodulelibyane7 on May 07, 2018, 02:45:44 PM
Its the oldest among the cryptoz and so generally its assumed as the king or the ruler.


Title: Re: So Bitcoin is King.. why is it?!
Post by: iyemroker on May 10, 2018, 07:33:17 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.


if we keep searching for the weakness of Bitcoin, then we will not be able to benefit from Bitcoin.

it is good to ask like this but it would be good we also can learn better again Satoshi Nakamoto.


Title: Re: So Bitcoin is King.. why is it?!
Post by: lucy94 on May 10, 2018, 07:52:58 PM
I guess because it was the first one and so it is popular as first, other than that there are equivalent or better coins now.


Title: Re: So Bitcoin is King.. why is it?!
Post by: creative-raju33 on May 10, 2018, 08:46:06 PM
As a king the bitcoin is called because of the increasing of bitcoin is risen up as following a huge rate its own section. The bitcoin owner who has 1 bitcoin he seems to be a rich man . So measurement of the activity of any person who has bitcoin currency in his crypto wallet is mean to as like as a king with out being it the royal power.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Mwalshe89 on May 10, 2018, 09:12:45 PM
Why do simple numbers cost so much money? The answer is simple: because everyone uses them ::) ::)


Title: Re: So Bitcoin is King.. why is it?!
Post by: Jessica2009 on May 10, 2018, 09:44:20 PM
Bitcoin is the first crypto currency started in the year 2009  Because of its certain positive features its popularity has widen globally and its public usage has been considerably increased.It is a decentralized one with anonymity,its all transactions are recorded in an electronic ledger with block chain technology.So bitcoin has attracted the attention of the educated mass of the global community and it has spread its wings world wide.Bitcoins market capital has increased considerably and its daily traded volume also very high so bitcoin is the king in the market among other crypto currencies.


Title: Re: So Bitcoin is King.. why is it?!
Post by: bigbosma on May 10, 2018, 09:55:02 PM
I such a broad subject copied itself for explanations friends. Thanks. I also agree that bitcoin is the king. I don't expect it in the near future something will move from the first place.


Title: Re: So Bitcoin is King.. why is it?!
Post by: conceivedspoon2 on May 10, 2018, 09:57:20 PM
Yes. It is so because it was the first digital currency and has paved way for the emerging ones now. Ethereum is next to it because it is on it crypto app lie on. Bitcoin has gone through tough times even in time past and people follow other cryptocurrencies because of bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: WebTera on May 10, 2018, 10:32:52 PM
That's interesting. Why almost in all themes, the first answers the most interesting, useful and informative. And then it starts all over again. Thanks to those people who think what they write.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Gamblet on May 10, 2018, 10:55:27 PM
Bitcoin has the largest network. To repeat Bitcoin, no one can yet. Besides, he has the longest history. This makes him the largest crypto currency.


Title: Re: So Bitcoin is King.. why is it?!
Post by: bennypagulayan on May 10, 2018, 11:06:46 PM
Bitcoin is the first coin to be created on the cryptocurrency market so the number of supporters and investors in it is enormous. The scarcity of bitcoins also makes it a valuable asset and receives a lot of attention from people. There is good news about bitcoin and the cryptocurrency market so I believe everything will be fine in the future.


Title: Re: So Bitcoin is King.. why is it?!
Post by: fattyforhire on May 10, 2018, 11:08:50 PM
Bitcoin - king? For me, definitely Yes. But I try not to treat currencies as an idol. For me, this is a way to make money and make my life and the lives of loved ones, freer and happier.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Kethek on May 11, 2018, 12:42:43 AM
because bitcoin is the first coin that is created with a limited amount and the price is so expensive that makes bitcoin in the nickname as the king of all coins in the market crypto


Title: Re: So Bitcoin is King.. why is it?!
Post by: vonnyaries on May 11, 2018, 01:27:30 AM
as i know about bitcoin is a king is because bitcoin is the first cryptocurrencies that work and success in the public, and after that bitcoin become popular in the public and getting high price, and unril right now other coin  or we can called it altcoin still depend on bitcoin price which is bitcoin become a king in cryptocurrencies s


Title: Re: So Bitcoin is King.. why is it?!
Post by: karbonbigeyes on May 11, 2018, 01:37:03 AM
It will be the universal currency. Fast money transfer peer to peer with no middleman. Global transaction fee reduced to lowcost. It's the future.


Title: Re: So Bitcoin is King.. why is it?!
Post by: soenaderecho10 on May 11, 2018, 01:52:59 AM
It will be the universal currency. Fast money transfer peer to peer with no middleman. Global transaction fee reduced to lowcost. It's the future.




Yes,bitcoin is the king because bitcoin is the first cryptocurrency and the price is the beggist in all cryptocurrency and bitcoin is the popular in the whole world and bitcoin is the known for investment so that bitcoin is the king and i heard many times if you invest a bitcoin you have a chance to become rich if you have a patience to wait the price goes up.


Title: Re: So Bitcoin is King.. why is it?!
Post by: tvtoan1994 on May 11, 2018, 02:02:20 AM
bitcoin is the king because it was the first ever coin in the crypto market. so people were unaware of it and after awareness the first word on their mouths about crypto currencies was bitcoin. So now this coin is the king among all others.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Furzo on May 11, 2018, 02:13:25 AM
Yes i agree bitcoin is the supreme of all crypto its price is too far and seems even ethereum cant overtake its price however bitcoin is popular of them all. Nowadays bitcoin popularity and existence has change the payment system because of its anonymously and faster transactions.


Title: Re: So Bitcoin is King.. why is it?!
Post by: alfs75 on May 11, 2018, 02:22:13 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.


Bitcoin become the king of all coins in cryptocurrency because its was the first digital coins produced and orgazined by the founder of the crypto Mr.Satoshi Nakamoto,and  in terms of price value and popularazation as of now,theres no one would replace in its position in coin market caps,even sometimes theres is big fluctuation now in blockchain market.definetly bitcoin become the king of all coins because everything will be affected if bitcoin down,same also happen to  others coins its will turn red and dump,so therefore bitcoins is the most influential coins in the crypto market.


Title: Re: So Bitcoin is King.. why is it?!
Post by: AnaA on May 11, 2018, 02:30:41 AM
Bitcoin has a large lead as a store of value over other cryptocurrencies in having existed 8 years without failure. The security of Bitcoin has been proven far more than its much younger counterparts with usage by almost every metric exceeding that of cryptocurrencies.

Also, bitcoin has already lapped the field and has the ecosystem and the resources to compete with significant advantages. Bitcoin has two things going for it that help significantly in this respect. Stability and entrepreneurship. Both far exceed that of cryptocurrencies thus far and will make catching up very challenging.


Title: Re: So Bitcoin is King.. why is it?!
Post by: pastelbasah on May 11, 2018, 02:47:50 AM
I think why bitcoin is king bitcoin is a coin that becomes a reference some coins below it like ethereum and other ,, if bitcoin price goes down then the price of all coins will also fall. if the bitcoin price rises then all the coin prices also rise even though the price increase is not so fast.


Title: Re: So Bitcoin is King.. why is it?!
Post by: badwin8883 on May 11, 2018, 03:01:40 AM
Bitcoin deserve that kind of title due to I believe it is the first ever successful cryptocurrency resulting to a high value in the market.


Title: Re: So Bitcoin is King.. why is it?!
Post by: josephpogi on May 11, 2018, 03:05:25 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.
Yeah bitcoin is kin because this is the no. 1 cryptocurrency that have a high volume and this is the first cryptocurrency so thats why the value of bicoin is too high than others and im sure and there so doubt that after 5 years it will become more famous .


Title: Re: So Bitcoin is King.. why is it?!
Post by: Wong Kalong on May 11, 2018, 03:12:21 AM
Yes, of course, it can be said that Bitcoin is the King of all coins. Naturally, if Bitcoin is said to be King because the price of Bitcoin is very high is indeed different from other coins. Bitcoin has a rapid development and from year to year always many people who believe in Bitcoin and make Bitcoin as a future investment assets. Bitcoin has helped a lot of people in need. I'm sure Bitcoin will be the King of coins forever.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Atang Sulaeman on May 11, 2018, 03:17:44 AM
because bitcoin is the forerunner of all cryptocurrency currencies,
and its position is highly regarded as the king of the digital currency,
because it has a very high price and no other currency is worth more than the bitcoin price.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Arata on May 11, 2018, 03:18:16 AM
Until now bitcoin is still king because bitcoin is the first and a pioneer. Bitcoin also can not be falsified. Also the existence of a supportive community. For the bitcoin transaction fees issue, I think it's worth it. If anyone still complains that it is still too expensive, it may be necessary to create more exchange sites so there will be price competition.


Title: Re: So Bitcoin is King.. why is it?!
Post by: salintheonline on May 11, 2018, 03:25:28 AM
BTC value it is like gold.It is for a long term investors.Bitcoin is decentralized and against bankers.The only disadvantage is that has currently high fees and slow transaction confirmations compared to other currency but these will be solved in 2018 with lighting network that will work on top of bitcoin.(in case that you want to pay for a coffee cup,but who does this??) It is the only cryptocurrency that has ATMs all over the world. Anyone knows of it, and all of these fluctuations in price are from bad news and government related media in order to lower the value of this revolution. BTC is the king because of it is ideology behind. People want their freedom in all ways.Bankers-scammers will be hit with this soon.I believe that in a decade USD, Euro.. and other currency will worth as much as a toilet paper. BTC price will EXPLODE. Taxation is the most illegal thing on the world.This must end.The 99 % of this planet wealth are on 1% hands because they want to rule our world.It is not fair share.I bought a fraction of a btc when it was 19300 and i am hodl it.I am not an expert of the cryptos and i am new to this so my thoughts are these above. I dont reject the other coins but this is a BTC page.

Bitcoin Has the Most Hash Power
Bitcoin is Widely Available
Bitcoin Has High Demand and Low Supply


Title: Re: So Bitcoin is King.. why is it?!
Post by: princeyeboah on May 11, 2018, 03:28:43 AM
Against all odds, Bitcoin was able to spearhead the cryptocurrency movement and now, it serves as the standard with which other cryptocurrencies are compared to in order to rate their progress. Bitcoin has gained the trust of the people since its inception till date, hence the King.


Title: Re: So Bitcoin is King.. why is it?!
Post by: saifanik on May 11, 2018, 03:33:28 AM
It does not have to say anything new. Because Bitcoin is not left to say anything at all. Bitcoin is the first and the king in all coins. Its properties are so much more than any other coin can not be equivalent to.


Title: Re: So Bitcoin is King.. why is it?!
Post by: online73 on May 11, 2018, 03:49:19 AM
Hello everybody! I'm not so versed in saying the various subtleties of the crypto-currency market, but I'm ready to assert that Bitcoin is the king of all the assets of the crypto currency market, because, with all the falls and take-offs of the BTC price, interest in this asset remains stable. New investors are steadily joining the ranks of Bitcoin fans, I'm sure that such a cosmic price increase, in recent years, is just the beginning. With all the shortcomings, Bitcoin and now takes the main place on all crypto currency exchanges. Let the programmers argue about the digital merits and demerits, - I'm a simple investor, - Bitcoin occupies the main place in my list of investments. And I, actively communicating with my friends, strongly advise investing in Bitcoin. Maybe I'm wrong, but the simplest proof of Bitcoin's dominance over all digital assets is his price.


Title: Re: So Bitcoin is King.. why is it?!
Post by: roomboy85 on May 11, 2018, 04:21:59 AM
Bitcoin is the first cryptocurrency in the market and it has the highest value of all coins, it gives a lot of benefits to all user's which they can use it for some payments of bills, transfer of money peer to peer and also it was decentralized digital currency.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Natalim on May 11, 2018, 04:35:25 AM
Bitcoin is the first cryptocurrency in the market and it has the highest value of all coins, it gives a lot of benefits to all user's which they can use it for some payments of bills, transfer of money peer to peer and also it was decentralized digital currency.
Indeed, bitcoin is the king because it has the biggest marketcap and the most popular.
People are really talking about bitcoin and they do not even know that there are altcoins that are existing, that is the reality
so we have to accept it, besides as long as the entire market grow, it would be good for us altcoins investors.


Title: Re: So Bitcoin is King.. why is it?!
Post by: oioi on May 11, 2018, 04:43:28 AM
a clear and fixed bitcoin remains the king for the digital currency,
because the early bitcon of another coin coin is now widely circulated,
and also with very high bitcoin prices so very worth bitcoin has the title of king for all the coins


Title: Re: So Bitcoin is King.. why is it?!
Post by: Drizzlepistol on May 11, 2018, 05:32:23 AM
because they only know bitcoin when talk about crypto currency. just like people just know facebook when talk about social website.


Title: Re: So Bitcoin is King.. why is it?!
Post by: kolbalish on May 11, 2018, 06:11:28 AM
Btc is king as it can only be created by using a special algorithm that limits the overall quantity of Btc to 21 million which means more people using it, increases its value.Btc is also guaranteed to be anonymous and unalterable.By using this,you can hide yourself.


Title: Re: So Bitcoin is King.. why is it?!
Post by: qwertyuiop0987654321 on May 11, 2018, 06:27:36 AM
Bitcoin was the first cryptocurrency using the blockchain. It s the "grandparent" of all crypto, altcoin included.

Bitcoin is the King because it is the first crypto that ever risen before other tokens arises. It is the foundation of all the other crypto including eth, altcoin, etc.


Title: Re: So Bitcoin is King.. why is it?!
Post by: threegods on May 11, 2018, 08:43:37 AM
Only bitcoin is the highest value in all other coin crypto coins so bitcoin is dominated as the king of all the coin kings by it, and the first bitcoin comes out.


Title: Re: So Bitcoin is King.. why is it?!
Post by: JackdunR on May 11, 2018, 01:12:59 PM
Btc is king as it can only be created by using a special algorithm that limits the overall quantity of Btc to 21 million which means more people using it, increases its value.Btc is also guaranteed to be anonymous and unalterable.By using this,you can hide yourself.
Not anonymous BTC is king. but because BTC is the oldest coin on the Crypto market. Over time, BTC is still the market leader in price, with no penny over the BTC. So people say that BTC is the king of the other coin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: ace4549 on May 12, 2018, 05:15:25 AM
Bitcoin is king, because bitcoin is the best company in cryptocurrency industry in overall and I think thats the reason
why bitcoin called as a king because there are the powerful and most influence company in this business.


Title: Re: So Bitcoin is King.. why is it?!
Post by: berkcelik16 on May 12, 2018, 06:29:10 AM
Bitcoin is the first cryptocurrency and it is the first one which uses the blockchain technology. So, it is like iphone. Iphone was the first smart phone and now most of the people prefers it because of its prada value.


Title: Re: So Bitcoin is King.. why is it?!
Post by: signup01 on May 12, 2018, 06:55:34 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.
bitcoin is a pioneer of crypto currency and in my opinion bitcoin values and prices are still the best for now and many of the investors who have succeeded successfully in such investments


Title: Re: So Bitcoin is King.. why is it?!
Post by: anisuzzaman99apu on May 12, 2018, 06:58:48 AM
Bitcoin is functioning as a payment system in Korea and Japan. I could even order food with it or pay the dentist nearby. It's fun to be using something nobody else does, it's a great talk at parties and a great speculative asset, just ask all those traders who made it their full-time job.


Title: Re: So Bitcoin is King.. why is it?!
Post by: wasaisi on May 12, 2018, 07:01:09 AM
The first reason why bitcoin is called king because bitcoin is the first crypto I know. Of no price so that the price until now this time. Bitcoin at that time is needed because more and more people who know him. In the end bitcoin will be a necessary general necessity like money.


Title: Re: So Bitcoin is King.. why is it?!
Post by: jcarlo on May 12, 2018, 07:08:19 AM
Bitcoin become king in cryptocurrency market because bitcoin pioneer and have limited supply in cryptomarket. Peoples or investor more trust on bitcoin that others because bitcoin already stand for more than 9 years and price always increasing year by years


Title: Re: So Bitcoin is King.. why is it?!
Post by: jayarbillones on May 12, 2018, 07:31:47 AM
for me People say Bitcoin is king simply because it has such a high market dominance, trading volume and user base. In reality,Bitcoin is relatively a young guy and is not yet a teenager, currently we are seeing the many side-effects of a system where no single person can be called as the leader.


Title: Re: So Bitcoin is King.. why is it?!
Post by: jemerson1420 on May 12, 2018, 07:38:58 AM
because its large currency.


Title: Re: So Bitcoin is King.. why is it?!
Post by: hung19881989 on May 12, 2018, 07:40:16 AM
Bitcoin was the first cryptocurrency using the blockchain. It s the "grandparent" of all crypto, altcoin included.


Title: Re: So Bitcoin is King.. why is it?!
Post by: OcTA Bd on May 12, 2018, 10:18:57 AM
Bitcoinis the king because bitcoin had successful became a trustworthy crypto currency. If you invest in crypto currency world then definitely the first currency you will think of is bitcoin. Not only this bitcoin has also expressed as a good currency which is now giving a competition with flat currency. Ethereum is also a good trust worthy currency but it's not above bitcoin. Bitcoin is the 1st and bitcoin is the biggest crypto currency will will dominate crypto currency world in future also.


Title: Re: So Bitcoin is King.. why is it?!
Post by: MasterNodes.Cash on May 12, 2018, 10:47:30 AM
Being the first at anything gives you a big advantage. Couple that with the widest mass adoption that btc has..and you get yourself a clear winner. A clear sign of how dominant btc is is the obvious correlation of other currencies. When btc drops pretty much everything else drops.


Title: Re: So Bitcoin is King.. why is it?!
Post by: marjil on May 12, 2018, 10:52:23 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

Bitcoin is currently at the top of the cryptocurrency list because of how high its value right now. Cryptocurrencies all around the world is comparably pale to what bitcoin has to offer in terms of popularity and its financial value to the people using it
bitcoin become the king in the market of crypto and the blockchain system not because of the price of bitcoin expensive. but I think this is because bitcoin has the most stable price compared altcoin.

value of bitcoins is the highest so this is making it the king of crypto because all other alts are way smaller and none of them match the bitcoin values


Title: Re: So Bitcoin is King.. why is it?!
Post by: Simone18 on May 12, 2018, 11:13:57 AM
Without btc alt coins would no longer exist, and all of  tokens when converted to real currency undergo to btc. This makes btc become popular and continually increase its value. There's no doubt btc is the most strongest digital currency ever made by mankind:)
That is true BITCOIN was the first coin that been made and with out bitcoin and the success of bitcoin there will be no altcoins and until now bitcoin still have the biggest value of all in the market.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Welhell on May 12, 2018, 11:24:09 AM
Because, Bitcoin is a first cryptocurrency and first member of Blockchain. Nowadays, there is a lot coins which they stronger than BTC. Other way is BTC has proved itself.


Title: Re: So Bitcoin is King.. why is it?!
Post by: VeronAncient on May 12, 2018, 11:40:34 AM
everyone knows, that the first digital currency that exists and circulates in all countries is bitcoin. bitcoin is the first coin produced from the first blockchain and coin technology to enter the trading market. so everyone is very acquainted and more trusting with bitcoin to date. so bitcoin becomes king of altcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: hardtargetbtc002018 on May 12, 2018, 11:59:33 AM
Bitcoin is king around here in the cryptocurrency because it has the highest value in terms of pricing among the other alternative coins, I think Altcoins are made not to surpass or eliminate bitcoin in the crypto world it is currently produced to support bitcoin in its quest of currency dominance. High transaction fee you say? well, I say at least it does not have any value added tax, or add hidden charges, it turns out financial freedom are made free I say. All I can say man try and relax try worrying about your investments and not at the things in which you could not control and just start believing and having faith on bitcoin.

I believe bitcoin is consider as king of crypto because of its popularity world wide and as the leading crypto with the highest number of investors.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Dark_raven007 on May 12, 2018, 12:06:46 PM
Much has been said. There's nothing to add. The only thing if he is a king, then after a while he may be overthrown by a prince: younger and stronger. The law of our world))


Title: Re: So Bitcoin is King.. why is it?!
Post by: Cryptocb on May 12, 2018, 01:29:05 PM
Bitcoin has the great potential to become the king of all crypto coin, and the most reason why and the secret about it is blockchain technology knows, which is below human explanation.


Title: Re: So Bitcoin is King.. why is it?!
Post by: saumang2m on May 12, 2018, 06:18:25 PM
Bitcoin is a platform where we can work and earn money. And whatever we earn, we get it as a crypto currency. And crypto is the currency of the future. All countries are dependent on the digital currency for the future and crypto is a good alternative to the digital currency. I think Bitcoin is the king of the crypto market.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Bodik1710 on May 12, 2018, 06:26:42 PM
I think that Bitcoin is king.It is the mother of all cryptocurrency.I reccomend you buy Bitcoin now because it is price is not high.


Title: Re: So Bitcoin is King.. why is it?!
Post by: cmacwiz on May 12, 2018, 06:31:12 PM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.
Yes. I do believe that bitcoin is the king among all the cryptocurrencies which exist throughout the world. There are many other cryptocurrencies like etherium, monero. But none of them is like bitcoin this is because firstly, bitcoin has the highest amount of popularity among the people throughout the world. Then it also has the highest amount of users all over the world. Because of which its demand is more than any other cryptocurrencies.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Sandijoee on May 12, 2018, 06:40:19 PM
Yes of course the bitcoin is king, but the king of coin cryptocurrency. Because the first coin bitcoin is in cryptocurrency. So naturally if bitcoin becomes king.


Title: Re: So Bitcoin is King.. why is it?!
Post by: vionas on May 12, 2018, 06:42:02 PM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

Because bitcoin values are the highest and many believe in bitcoin so bitcoin is considered a coin king. Bitcoin is the strongest and more enduring for a very long time.


Title: Re: So Bitcoin is King.. why is it?!
Post by: rjrajonno on May 12, 2018, 07:01:37 PM
Bitcoin is like him many others people,and bitcoin is a great value for our country man and women.It is a wounder of business part of our life.So bitcoin is a king all the coin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: cloudproject on May 12, 2018, 07:03:52 PM
bitcoin are the first crytpo that created by the blockchain system, and because of that the first one and with the low supply that making it pirce are high it can be the king because bitcoin is the first time starter from it


Title: Re: So Bitcoin is King.. why is it?!
Post by: tylerderden on May 12, 2018, 07:32:43 PM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

Because bitcoin values are the highest and many believe in bitcoin so bitcoin is considered a coin king. Bitcoin is the strongest and more enduring for a very long time.
Bitcoin is the first cryptocurrency based on the concept of blockchain technology.It is the father of all cryptocurrencies and all the other altcoins are regulated with respect to bitcoin only.Bitcoin is very expensive and the most valuable cryptocurrency in the market.It has gained a lot of users since last nine years and is still going on.There are also a large number of investors of bitcoin in the market.The demand of bitcoin is very high and is very popular.


Title: Re: So Bitcoin is King.. why is it?!
Post by: liseff3 on May 12, 2018, 07:53:18 PM
Toward the turn of 2017 at that time, Bitcoin's price seems to try to touch $ 20.000/BTC strongly. That achievement, far beyond what many had predicted in the previous year. Local and international media were amazed to see the world stage crypto at that time.
Seeing so rapidly the movement of Bitcoin prices in 2017, then along with it policy-makers in various countries also seemed to start itching and restless with the real conditions that exist.
In addition, there are many (many) people who predict the price of Bitcoin will continue to rise in this year but some are predicting that Bitcoin will go down.

IMO, Bitcoin's name will still be king. In 2018 the name Bitcoin will soar.
According to analysts' predictions that the soaring name does not coincide with the price per coin that continues to decline. Moreover, there is a hard fork issue is sharper.
We can say that the king is bitcoin, because. Remember when bcn was forked from monero , the price of monero has go to the moon , so i think if there is a hard fork of btc , also btc will go to the moon also the same thing has happen to eth when etc was forked from eth , we have see an increase in the price of the ethereum , so the hardfork and segwit are positive things for the future of bitcoin!

I agree with you.
SegWit's, these are pieces of code that are injected into the bitcoin program the results of this upgrade will help more efficiently in verifying every request both time and fee.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Brightcrypto on May 12, 2018, 10:33:00 PM
Bitcoin is king base on it movement and behaviour whith effect other 80% of alt-coin, either the market is raising or dropping, many other follows the steps. therefore Bitcoin carries other alt-coin along as the father, which we seen it as the king of all coin. 


Title: Re: So Bitcoin is King.. why is it?!
Post by: Bella Thorne on May 12, 2018, 10:38:45 PM
We can say that Bitcoin is the king of all coins because it is the most popular coin in crypto and it has the highest value coins once we think cryptocurrency the first sought coins is Bitcoin.
Bitcoin is the king because it is the strongest and the best cryptocurrency among the rest and we all know that bitcoin is running in this world for long time, a lot of people now is putting there money with bitcoin because they also know that the future of bitcoin is bright.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Peashooter on May 12, 2018, 10:42:09 PM
Bitcoin is proving its real value, not just a virtual currency or financial balloon as the press is often referred to. The value of bitcoin is currently very stable and tends to increase due to the overwhelming interest of the market for it. Bitcoin will be the leader in the crypto market boom in the new year 2018. Take this opportunity to increase your wealth.
Bitcoin is the first cryptocurrency that give high profit to all his investors. Bitcoin is a good source of income is the leader in the crypto world cause it helps us and give opportunity to become successful in the future.


Title: Re: So Bitcoin is King.. why is it?!
Post by: neymarjunior50 on May 12, 2018, 10:53:44 PM
Bitcoin is the king of all other cryptocurrency . bitcoin dominate the all other crypto currency . bitcoin is the mass adopted currency and highest market cap thats why its the king .


Title: Re: So Bitcoin is King.. why is it?!
Post by: hacking13 on May 12, 2018, 11:06:23 PM
One of the major reasons why Bitcoin can easily be described as King is the fact that it was the first cryptocurrency to come into existence. Also it is now more accepted and more recognized by more countries in the world than altcoins will be. The demand for bitcoin is also currently highest based on its acceptance worldwide


Title: Re: So Bitcoin is King.. why is it?!
Post by: yoseph on May 12, 2018, 11:13:03 PM
Bitcoin is the king of all other cryptocurrency . bitcoin dominate the all other crypto currency . bitcoin is the mass adopted currency and highest market cap thats why its the king .
Sometimes I think that Bitcoin is the most prominent crypto currency just because it’s the first one ever to be made and because of that it’s going to dominate for a very long time.


Title: Re: So Bitcoin is King.. why is it?!
Post by: adjudicator on May 12, 2018, 11:14:57 PM
It was the first in the landscape, it's become representative of the entire crypto world (i.e. bitcoin = all of cryptocurrency in some people's minds), and people know its name.
Yeah, you are right. Bitcoin is the most pupular cryptos of all. As of now, it is the most expensive and still the oldest crypto. Bitcoin is the King of Cryptocurrency because it has a power to change our world because of its popularity.


Title: Re: So Bitcoin is King.. why is it?!
Post by: sirmitchel on May 12, 2018, 11:15:51 PM
Besides being the first cryptocurrency and being the father of it all,
Bitcoin’s ongoing success and market price dominance is cleary
an undisputed indication of it’s prominence and success. It may
also be volatile but it’s foregoing ability and unpredictable capacity
in price hikes and dips makes it even more alluring. It’s the only
currency out there that can and reach higher prices in no time.
It’s influence and impact on other altcoins and the market itself
is paramount, making Bitcoins worthy of praise and distinction
as the king.


Title: Re: So Bitcoin is King.. why is it?!
Post by: ilovefeetsmell on May 12, 2018, 11:23:24 PM
If we relate bitcoin into reality, bitcoin is a leader and good model and all people who idolized him will try to be like him. Bitcoin has a unique description, unique popularity. But for being a number 1 in the rank, he also has weaknesses. Bitcoin has volatile effect, decentralized, and try to steal him.


Title: Re: So Bitcoin is King.. why is it?!
Post by: patykuprova on May 12, 2018, 11:29:25 PM
It was the first in the landscape, it's become representative of the entire crypto world (i.e. bitcoin = all of cryptocurrency in some people's minds), and people know its name.
Yeah, you are right. Bitcoin is the most pupular cryptos of all. As of now, it is the most expensive and still the oldest crypto. Bitcoin is the King of Cryptocurrency because it has a power to change our world because of its popularity.
But if you're comparing Bitcoin with the oldest normal currency , you'll see that Bitcoin is absolutely need more to do anything that's important.
The trust of investors in the crypto market is also vurneble,that trust could easily be damaged by the goverments or bankers by some words of them.


Title: Re: So Bitcoin is King.. why is it?!
Post by: green_fish on May 12, 2018, 11:37:59 PM
Because BTC is the first block chain to apply cryptocurrency, it drives a new block chain technology!

There is no such thing as technological innovation that is completely over bitcoin.

So BTC has always been the king of cryptography!


Title: Re: So Bitcoin is King.. why is it?!
Post by: KingScorpio on May 12, 2018, 11:40:19 PM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

under legal rights of all states its actually not allowed to name and brand bitcoin in public television, bitcoin developers have sold a pseudodecentral cryptocurrency its dropping now because its beeing invested into icos, and those icos then sell it cheaper and cheaper it actually unavoidable that ripple collapses.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Casey7 on May 12, 2018, 11:42:22 PM
Hello everybody! I'm not so versed in saying the various subtleties of the crypto-currency market, but I'm ready to assert that Bitcoin is the king of all the assets of the crypto currency market, because, with all the falls and take-offs of the BTC price, interest in this asset remains stable. New investors are steadily joining the ranks of Bitcoin fans, I'm sure that such a cosmic price increase, in recent years, is just the beginning. With all the shortcomings, Bitcoin and now takes the main place on all crypto currency exchanges. Let the programmers argue about the digital merits and demerits, - I'm a simple investor, - Bitcoin occupies the main place in my list of investments. And I, actively communicating with my friends, strongly advise investing in Bitcoin. Maybe I'm wrong, but the simplest proof of Bitcoin's dominance over all digital assets is his price.
King? Yes may be people think bitcoin is the king because it is the most powerful coin so far and no other can defeat its power.
Power proof of bitcoin is when bitcoin down and the others coin just following. Up and up together. The cap of bitcoin also on the top. So that is the simple reason why.


Title: Re: So Bitcoin is King.. why is it?!
Post by: megamanexe002 on May 13, 2018, 03:18:26 AM
I think bitcoin is also called a  king because it is now the most highest coin in crypto world maybe people know about it already that is why many people today wanted to have more bitcoin for the near future because they believe  that bitcoin has really a great big capacity to continue rising in the near future.Bitcoin is really amazing than any other coin.

yes i agree because bitcoin is the highest in the whole currency,many people subscribe and love bitcoin because they can earn a lot of money and has a big opportunity especially to those jobless people makes their life more better than before.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Brookie on May 13, 2018, 03:27:18 AM
Because maybe bitcoin is the first crypto currency known to people. So why is bitcoin called king. But there may be coins that can compete with bitcoin in the future.


Title: Re: So Bitcoin is King.. why is it?!
Post by: hrz on May 13, 2018, 03:50:14 AM
bitcoin deserves to be called the title of king, the price is high and hard to get it and the bitcoin is the first time in crypto so the other altcoin may not compete with bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: jputra635 on May 13, 2018, 03:55:26 AM
We can say that the king is bitcoin, because. Remember when bcn was forked from monero , the price of monero has go to the moon , so i think if there is a hard fork of btc , also btc will go to the moon also the same thing has happen to eth when etc was forked from eth , we have see an increase in the price of the ethereum , so the hardfork and segwit are positive things for the future of bitcoin!
Yes, bitcoin is still the king of crypto.It is the most popular and most interesting.Its marketcap is still the highest. Btc price move is dominant factor influencing price move of other coins.


Title: Re: So Bitcoin is King.. why is it?!
Post by: O9NpJ9ld1opS on May 13, 2018, 06:11:56 AM
Bitcoin was the first cryptocurrency to be introduced. The first comer always dominates. That is a general rule. But the flippening may or may not happen in the future. But I believe that bitcoin will still be one among the top.
If the flippening ever happiness strongly believes that Ethereum will be the one replacing BTC.


Title: Re: So Bitcoin is King.. why is it?!
Post by: wanimulyo on May 13, 2018, 06:34:36 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.


I think many adavantages of the bitcoin. The bitcoin was the first cryptocurrency using the blockchain. It s the father of all crypto, altcoin included.So, The bitcoin is King of crypto.


Title: Re: So Bitcoin is King.. why is it?!
Post by: hasbihafis on May 13, 2018, 06:40:46 AM
A very interesting comparison. If Bitcoin is the king of etherium, then the ripple is their son. Now really. The two best coins on the market are Bitcoin and Etherium. For the third place is a serious battle. But I think the pulse in the coming years will fall into the Top 3 coins in the world.


Title: Re: So Bitcoin is King.. why is it?!
Post by: cyriljundos on May 13, 2018, 06:53:57 AM
Bitcoin is primarily called king in crptocurrency because it is the high value in all crypto world


Title: Re: So Bitcoin is King.. why is it?!
Post by: hrz on May 13, 2018, 07:11:24 AM
of the price of bitcoin is superior to other alcoin then it is worth bitcoin is said KING.


Title: Re: So Bitcoin is King.. why is it?!
Post by: mkcube on May 13, 2018, 07:22:29 AM
Because of the price is superior to ither coins. Then it is worth than a king. Bitcoin has a high value in crypto world. It is the father if all cryptocurrency in the blockchain so the bitcoin is the king of all.


Title: Re: So Bitcoin is King.. why is it?!
Post by: cryptokia on May 13, 2018, 07:23:40 AM
I think two of the most obvious reasons are popularity, and price. Then I would say, that everything begins from it, evebody knows it.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Hotel_Prodeo on May 13, 2018, 07:25:23 AM
The thing that makes bitcoin forever be king and difficult for any coin is the volume of transaction bitcoin is currently very large and bitcoin marketcap reaches more than 37%, all trading cryptocurrency always use bitcoin so it takes a long time to make another coin replace bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: NerdofBTC on May 13, 2018, 07:32:56 AM
Bitcoin is on the top of currency which make it the king and the attitude of people towards bitcoin is positive which increase its demand and prices and as we know that bitcoin give a handsome profit to its investors.


Title: Re: So Bitcoin is King.. why is it?!
Post by: alon_alon on May 13, 2018, 07:33:25 AM
It's true that Bitcoin is King. King of all the coins. Bitcoin is said to be the king of coins because Bitcoin's price could be the highest price and the most valuable investment asset. Bitcoin has been highly trusted by its users and is no doubt for future investment assets.


Title: Re: So Bitcoin is King.. why is it?!
Post by: faithofb on May 13, 2018, 07:35:07 AM
Its the pioneer, most used, most accepted and will remain so for long...


Title: Re: So Bitcoin is King.. why is it?!
Post by: Limar0 on May 13, 2018, 09:07:16 AM
Because of bitcoin,cryptocurrency exist.Without bitcoin as the king, no ethereum also as queen of crypto and then no altcoins at all.That's how influential bitcoin is.So we better support or promote bitcoin for it to exist forever and remain as king of cryptocurrency.


Title: Re: So Bitcoin is King.. why is it?!
Post by: KingOfWinterfell01 on May 13, 2018, 09:15:28 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

I think because it has been the pioneering cryptocurrency and is now leading the market as the most expensive crypto to date. A lot of people have been really aching to own a bitcoin now because of how much demand it is accumulating and how many other people would get rich because of the volatility.


Title: Re: So Bitcoin is King.. why is it?!
Post by: bitcoinskyrocket09 on May 13, 2018, 09:40:19 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.
Bitcoin was called as king because it is the most decentralized coin in which it is the most important thing for any cryptocurrencies. And most altcoins are implementing some new features and or solving scalling at expense of decentralization. So if the thing of decentralization is not important for you then just stick with banks whom they only have pretty low fees.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Cotton Candy on May 13, 2018, 09:47:13 AM
Bitcoin was the first cryptocurrency using the blockchain. It s the "grandparent" of all crypto, altcoin included.

Yes they are the pioneer, the one that started all of this things because if no bitcoins cryptocurrency will not be a big deal at all in this world . They are been the start of the future and more digitally society and they are the king because they are the most successful of them all no other cryptocurrency can beat them and I think no one can ever could because they have gain the trust and the loyalty of the people all around the globe.


Title: Re: So Bitcoin is King.. why is it?!
Post by: jiniyaakter on May 13, 2018, 09:48:49 AM
Its true that Bitcoin is king and all altcoin king is Bitcoin many country exchange by bitcoin


Title: Re: So Bitcoin is King.. why is it?!
Post by: Jerzzz on May 13, 2018, 09:49:58 AM
everyone knows, that the first digital currency that exists and circulates in all countries is bitcoin. bitcoin is the first coin produced from the first blockchain and coin technology to enter the trading market. so everyone is very acquainted and more trusting with bitcoin to date. so bitcoin becomes king of altcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: GreatArkansas on May 13, 2018, 09:53:02 AM
Bitcoin is really the KING! I believe on Bitcoin because it is the most high market cap in all over the market, you can see also the dominance of Bitcoin compare to altcoins, I believe that Bitcoin will remain on the Top 1 in the high market cap. It is ok, to be in number 1, specially the king is number 1.


Title: Re: So Bitcoin is King.. why is it?!
Post by: btcpara on May 13, 2018, 09:54:16 AM
as i know about bitcoin is a king is because bitcoin is the first cryptocurrencies that work and success in the public, and after that bitcoin become popular in the public and getting high price, and unril right now other coin  or we can called it altcoin still depend on bitcoin price which is bitcoin become a king in cryptocurrencies s


Title: Re: So Bitcoin is King.. why is it?!
Post by: boyjack on May 13, 2018, 10:00:30 AM
Offcourse bitcoin is king of crypto currency, if bitcoin price go down sure other cyrpto price will collapse. Bitcoin is the only way we can transfer to fiat currency and bitcoin is the first digital currency created from block chain technology, so sure Bitcoin is king


Title: Re: So Bitcoin is King.. why is it?!
Post by: patrickj on May 13, 2018, 10:03:00 AM
Essentially in light of the fact that the most prevalent coin to exchange with is BTC. All the best trades offer a BTC exchanging pair. Subsequently when BTC begins to move everybody begins exchanging out of (or into) alts by means of BTC. In this way the BTC economy is from multiple points of view the crypto economy. Bitcoin is top dog and ruler, and alternate coins are, best case scenario tailing it.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Chaelbrin on May 13, 2018, 10:06:54 AM
On the off chance that in the forex trade the US dollar is the medium of trade and the ruler of fiat monetary standards in a similar way bitcoin is the lord of cryptographic money. In the event that you can watch that without a US dollar you can't change over your fiat money to different monetary forms and you can't buy products abroad. Bitcoin is additionally similar to this, in the event that you don't have bitcoins you can't buy or exchange with different altcoins. Be that as it may, later there are additionally a few coins beside bitcoin has this sort of procurement control yet at the same time they can't coordinate bitcoin as far as market.


Title: Re: So Bitcoin is King.. why is it?!
Post by: gilangIDR on May 13, 2018, 10:07:49 AM
Bitcoin is a cryptocurrencies that have so much power that many people think that bitcoin is king. That is a very reasonable thing because bitcoin has fantastic value right now. It is even predicted that bitcoin prices will continue to rise and achieve a higher value than ever before. This is a reality and the fact that bitcoin has made many changes in the financial system of the world.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Darker45 on May 13, 2018, 10:09:00 AM
Technology-wise, Bitcoin may not already be on top right now. In terms of decentralization, every coin is claiming that but Bitcoin has some centralized aspects also. In terms of privacy or anonymity, there are a few coins that are certainly more private and anonymous than Bitcoin. In terms of transaction speed, Bitcoin is not the number 1 either. The same with the options in terms of the amount of fees charged in transactions. But the bottom line is always about trust and reliability and safety. In terms of these three factors, Bitcoin is always the number 1.


Title: Re: So Bitcoin is King.. why is it?!
Post by: JovhanHermias on May 13, 2018, 10:12:26 AM
Bitcoin is the king because its the first coin in cryptocurrency world and also the inspiration of all altcoins and other project tried to surpass it but never do up until now.


Title: Re: So Bitcoin is King.. why is it?!
Post by: bitadviser on May 13, 2018, 10:16:01 AM
Only bitcoin is the highest value between other crypto coins, so bitcoin is dominated as the king of all the coins, and noone can beat it , and the first bitcoin comes out.


Title: Re: So Bitcoin is King.. why is it?!
Post by: rony01941 on May 13, 2018, 10:25:30 AM
Bitcoin is the king of the other crypto currency. Bitcoin is among the cryptoscope. Because everyone now believes that Bitcoin can be successful for everyone. Apart from other cryptoscope, bitcoin can be the most beneficial to invest. So, I think Bitcoin is really weird.


Title: Re: So Bitcoin is King.. why is it?!
Post by: luigi3 on May 13, 2018, 11:40:49 AM
As i know altcoin price was depending on the price of bitcoin,if the bitcoin price was down many token and coins was follow it ,so thats why many people called bitcoin as a king.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Demughni on May 13, 2018, 11:44:33 AM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

Yes, Bitcoin is the king of Crypto currency, because bitcoin is only the highest value in the whole crypto currency coin so the bitcoin is dominated by it, and the bitcoin first goes out and it's the common use of many people, they also love bitcoin because of its high price and fast Also, when it comes to price, they want bitcoins because they earn a lot of money based on trading.It is my opinoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Baggong on May 13, 2018, 12:14:31 PM
Being the first on cryptocurrency makes bitcoin the most popular, it is this that is hard to replace with any coins, I'm sure bitcoin will always be number # 1 or king as long as cryptocurrency exists.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Darerando on May 13, 2018, 12:26:09 PM
Bitcoin is the first and most famous decentralized cryptocurrency created by Nacamato satoshi, being it the first crypto asset, it has more value than the other Altcoins. Bitcoin is believed to be the king over all other Altcoins, because of it's great potential in value and price.


Title: Re: So Bitcoin is King.. why is it?!
Post by: kipo on May 13, 2018, 12:29:49 PM
It was very interesting to read this information about bitcoin. I agree that it is a king today as it has a number of advantages compared to other coins. It is the most popular one and its potential allows to use it as a currency


Title: Re: So Bitcoin is King.. why is it?!
Post by: Mr Bhuiyan on May 13, 2018, 02:34:52 PM
Bitcoin is really the KING! I believe on Bitcoin because it is the most high market cap in all over the market.Bitcoin is believed to be the king over all other Altcoins. so bitcoin becomes king of altcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: mrsimons121 on May 13, 2018, 03:04:48 PM
Being the first at anything gives you a big advantage. Couple that with the widest mass adoption that btc has..and you get yourself a clear winner. A clear sign of how dominant btc is is the obvious correlation of other currencies. When btc drops pretty much everything else drops.


Title: Re: So Bitcoin is King.. why is it?!
Post by: zhundy on May 13, 2018, 03:07:34 PM
We can say that the king is bitcoin, because. Remember when bcn was forked from monero , the price of monero has go to the moon , so i think if there is a hard fork of btc , also btc will go to the moon also the same thing has happen to eth when etc was forked from eth , we have see an increase in the price of the ethereum , so the hardfork and segwit are positive things for the future of bitcoin!


Title: Re: So Bitcoin is King.. why is it?!
Post by: MisterStylish on May 13, 2018, 03:11:01 PM
Bitcoin will always be king - it was the first major crypto and the popularity of the coin will not die off in my opinion.

This being said, Bitcoin is suffering major problems and if they aren't fixed it could face some serious turbulence. The unconfirmed transactions and high fees will NOT go on for long. People will get tired of this; no one wants to wait DAYS for a transaction to be confirmed - and because of this I believe BTC will plummet later. ($1300-1500ish)

If Bitcoin doesn't find a scaling solution soon, what will stop an altcoin from taking over? Say Bitcoin doesn't get one for a few years, where do you think BTC will be at that point in time? If there are 120-150K unconfirmed transactions @$1800, I don't want to even imagine what that number will be @$5000 or so.


Title: Re: So Bitcoin is King.. why is it?!
Post by: nellakarisma on May 13, 2018, 03:12:45 PM
if bitcoin is said to be the king of all coins it deserves and deserves.
- if we see in terms of the price of the most expensive bitcoin when compared with other coins.
- all markets accept bitcoin. not necessarily other coin can enter in all market .


Title: Re: So Bitcoin is King.. why is it?!
Post by: kabelpeggek on May 13, 2018, 03:16:05 PM
Bitcoin is the king because becomes the standard price of all coins, as we know that the effect of bitcoin is very strong, more than 10,000 exchanges make bitcoin for trading and this certainly makes the use of bitcoin very large compared to other coins.


Title: Re: So Bitcoin is King.. why is it?!
Post by: anana ris on May 13, 2018, 03:16:13 PM
For me, it is a King because it is simply a father of all cryptocurrencies, the pioneer on the market. Blockchain technology is associated with Bitcoin mostly, although there are many other great alts.


Title: Re: So Bitcoin is King.. why is it?!
Post by: ekateriinae on May 13, 2018, 03:17:38 PM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.
What you state all above was correct.. bitcoin was just a failed coin that has been abandoned by satoshi. BUT one thing cannot beat bitcoin to drop or dump.. its because bitcoin has a very strong community that impossible to break down.a coin without community will be a death coin for sure. so it was a no secret why even shit token/coin can live long.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Drakula on May 13, 2018, 03:18:38 PM
It was very interesting to read this information about bitcoin. I agree that it is a king today as it has a number of advantages compared to other coins. It is the most popular one and its potential allows to use it as a currency
Yes, the father of all cryptos my goodness you're right its very interesting to read information about how reputable, famous and great bitcoin is and it will always be. Its dominance lives up to its name. King.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Lomberjack on May 13, 2018, 03:19:21 PM
Bitcoin was the first cryptocurrency using the blockchain. It s the "grandparent" of all crypto, altcoin included.

That's true, I cannot get the argument of some people here that Ethereum is better than Bitcoin given the fact that Bitcoins were spliced just to make some other alt coins in which help this forum to prevent sudden scarcity for Bitcoins, based on my understanding I guess Ethereum have those characteristics that was better than what is in Bitcoin but the fact that it was made to shorten the time allotment for transactions I can consider that Bitcoin is the mother of all alternative coins here.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Froloff92 on May 13, 2018, 03:20:50 PM
Bitcoin is the king of digital currency because they manifest the most expensive value in crypto. Since it is the first crypto coin exist, It becames globally popular and yearly it brings historical milestone in crypto market.


Title: Re: So Bitcoin is King.. why is it?!
Post by: oi pantura on May 13, 2018, 03:22:06 PM
We can say that the king is bitcoin, because. Remember when bcn was forked from monero , the price of monero has go to the moon , so i think if there is a hard fork of btc , also btc will go to the moon also the same thing has happen to eth when etc was forked from eth , we have see an increase in the price of the ethereum , so the hardfork and segwit are positive things for the future of bitcoin!


Title: Re: So Bitcoin is King.. why is it?!
Post by: Pejoh Asu on May 13, 2018, 03:28:20 PM
I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

Yes, Bitcoin is the king of Crypto currency, because bitcoin is only the highest value in the whole crypto currency coin so the bitcoin is dominated by it, and the bitcoin first goes out and it's the common use of many people, they also love bitcoin because of its high price and fast Also, when it comes to price, they want bitcoins because they earn a lot of money based on trading.It is my opinoin.
Currently bitcoin controls about 37% marketcap and then followed by ethereum with 20%, in addition to having the largest marketcap daily transaction volume bitcoin about $ 20 billion so it is difficult to beat bitcoin in the near future.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Mr.grin on May 13, 2018, 03:36:54 PM
Bitcoin is the king of digital currency because they manifest the most expensive value in crypto. Since it is the first crypto coin exist, It becames globally popular and yearly it brings historical milestone in crypto market.
well the face of crypto itself is bitcoin. it's because the long-held belief in bitcoin makes it more popular than other coins, and is the king of all crypto for now. but, I feel that so many coins are trying to knock it down, and ETH is closest to bitcoin. it's just that ETH is also still often dragged currents from bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: pantheraio on May 13, 2018, 05:57:22 PM
Because bitcoin is the world's first known crypto currency and one of the faces of the crypto world. And maybe because the price of bitcoin is expensive from last year to make bitcoin like a king in this crypto world. Expect to bitcoin for the future to be more used by some countries that want to legalize bitcoin and become a payment place to be used in the future.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Cash BTC on May 13, 2018, 06:01:32 PM
That's interesting. Why almost in all themes, the first answers the most interesting, useful and informative. And then it starts all over again. Thanks to those people who think what they write.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Bodik1710 on May 13, 2018, 06:20:41 PM
I think that Bitcoin is King because it was the first .His value is the biggest in the world.I recommend everyone to invest in it.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Tusher1234 on May 13, 2018, 06:27:56 PM
Yes, bitcoin is king. Bitcoin is the first cryptocurrency. The price of bitcoin is much then other cryptocurrency. And people use bitcoin more then any other cryptocurrency. Maybe no other cryptocurrency can take the place of bitcoin.


Title: Re: So Bitcoin is King.. why is it?!
Post by: Thomas petersen on May 13, 2018, 06:34:40 PM
Bitcoin has introduced an awesome technology known as Blockchain. Now many valuable data records are being preserved using this method. Also bitcoin is the father of all cryptocurrencies now we're seeing. Its also the most valuable currency right now. That's why Bitcoin is the king.