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prodigy8
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December 31, 2015, 09:54:58 PM |
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In the cryptocurrency field i think that bitcoin is first (or one of the first) digital currency.
So people have started learning and experimenting with the first cryptocurrency.
Another fact is that it is the most popular digital coin and it's community is everyday growing.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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The Sceptical Chymist
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Activity: 3332
Merit: 6826
Cashback 15%
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December 31, 2015, 11:45:30 PM |
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1) Better market: more places/exchanges to buy bitcoin.
2) More vendors: more places to actually spend bitcoin compared to altcoins. Try finding places that take DOGE and actually sell something you'd want to buy other than a t-shirt with a doge on it.
3) Bigger community: more users, more discussion about bitcoin than altcoins. Though I do think this environment can certainly be toxic.
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ajun96
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January 01, 2016, 12:59:23 AM |
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there are some points which is equivalent to bitcoin, like the dogecoin and litecoin
this coin have a lot of markets out there like bitcoin
but bitcoin still more popular than others
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BirtRenaldsFan
Member
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Activity: 67
Merit: 10
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January 01, 2016, 04:50:40 AM |
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It's the same as any other digital currency that I've used. I don't really care whichever that I pick. It doesn't matter to me at all.
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ObscureBean
Legendary
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Activity: 1148
Merit: 1000
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January 01, 2016, 05:24:07 AM |
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User base is the most important factor if a coin is to succeed. You can have a state of the art coin but if no one uses it, it's worth nothing. Bitcoin has the largest user base of all crytocurrencies. And of course what's the use of having a digital currency if you can't buy anything with it? Bitcoin is the most widely accepted coin, no other coin comes close.
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blackmachinegun
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January 01, 2016, 06:50:55 AM |
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because bitcoin is more widely accepted,
bitcoin has more markets than any other coins, and all price of altcoins of course based on the bitcoin price
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MyBTT
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January 01, 2016, 07:08:01 AM |
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Bitcoin was the first ever cryptocurrency. All those other altcoins just followed Bitcoin. This means that Bitcoin was the best unless an altcoin became better than it. Since all those altcoins just copied Bitcoin, they were never going to beat it. I love Bitcoin as it is safe, secure and it has a stable price. Altcoins are worth very little, that is one of the reasons I dislike them. Bitcoin is the best cryptocurrency.
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steveds
Legendary
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Activity: 966
Merit: 1000
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January 01, 2016, 08:02:44 AM |
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It's the same as any other digital currency that I've used. I don't really care whichever that I pick. It doesn't matter to me at all.
Yes it is but the number of people involved in it is fairly larger than any other crypto out there and so has more chances to succeed than any else. and all price of altcoins of course based on the bitcoin price
Ethereum , monero ,clams also have usd value and market, not completely based on bitcoin. |
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lahm-44
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January 01, 2016, 08:21:44 AM |
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i heard many Cryptocurrency but why people mostly use bitcoin?
people use bitcoin because its the first cryptocurrency as much as i know.it was introduced by satoshi nakamoto and we copyed this concept and made our own crpytocurrencys all those altcoins many altcoin developers are bitcoiners but all altcoin developers are not bitcoin developers.and also their difficulty level is not too high like bitcoin so their transactions are pritty fast then ours.we switch in this altcoins only for these reasons and also many traders also do it to avoid many losses and then they can hold their coins for really a long time.and there are also many points that this is non profitable or very less profitable but still its a good alternative of bitcoin |
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kheein
Sr. Member
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Activity: 686
Merit: 251
Turn your financial ideas into reality
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January 01, 2016, 10:22:56 AM |
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Cause of bitcoin has big market, big comunity, and big vendor, and bitcoin and demand continues to increase over time , and soon also bitcoin will be legalized in all countries.
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cjmoles
Legendary
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Activity: 1176
Merit: 1016
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January 01, 2016, 11:33:17 AM |
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i heard many Cryptocurrency but why people mostly use bitcoin?
The same reason everyone used to use WebCrawler and AltaVista. This is known as first-mover advantage but very few are able to hold the lead long-term. In regards to Bitcoin, dissension at the core development level will prove to be the currency's undoing. There is zero chance that Bitcoin can hold onto the advantage unless the core team matures and decides to compromise and become more team oriented. Currently, the members are suffering from various degrees of egomania and self-interest. I'd like to add to this that while all this is going on with Bitcoin's core developement team, there are other platforms in development that are buzzing with innovation. Whole communities of brilliant developers are working feverishly to bring us the next generation of blockchain technology. In my opinion, Ethereum is probably the most exciting of them all.... |
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Shinpako09
Legendary
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Activity: 1988
Merit: 1015
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January 01, 2016, 11:51:53 AM |
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Simply because it has a higher value or it has the highest value I should say among all crypto currency. Based on the price theres no doubt that btc is the most promising of them all and has a good future.
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ajun96
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January 02, 2016, 04:22:33 AM |
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Simply because it has a higher value or it has the highest value I should say among all crypto currency. Based on the price theres no doubt that btc is the most promising of them all and has a good future.
yeah true I think everyone will think the same way that bitcoin is more popular, it has more sale value. compared with other cryptocurrency but whether bitcoin better technology from other  ? |
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blackmachinegun
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January 02, 2016, 04:24:45 PM |
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It's the same as any other digital currency that I've used. I don't really care whichever that I pick. It doesn't matter to me at all.
Yes it is but the number of people involved in it is fairly larger than any other crypto out there and so has more chances to succeed than any else. and all price of altcoins of course based on the bitcoin price
Ethereum , monero ,clams also have usd value and market, not completely based on bitcoin. oh right, I think there are some altcoin also stand-alone, but I think altcoins/usd less volume compared with altcoins/BTC |
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Hellacopter
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January 02, 2016, 04:35:44 PM |
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Simply because it has a higher value or it has the highest value I should say among all crypto currency. Based on the price theres no doubt that btc is the most promising of them all and has a good future.
And also it's simply and easily converted into fiat unlike the majority of the other altcoins , which you need likely the trader exchanges and paying high fees to convert your coins into fiat, but with bitcoin there is no such problems |
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bearex
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January 02, 2016, 05:16:25 PM |
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I would say becouse it is used on some places, whereas other digital currencies arent used that much (crypto i mean). But in general i like the ease of transaction (just send it to an adress) and the low fees.
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sishendaoye
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January 02, 2016, 06:20:41 PM |
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Well bitcoin's eco system is way bigger then any other digital currency/crypto.
It's truly the next level payment system.
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EdenHazard
Legendary
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Activity: 2674
Merit: 1048
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January 02, 2016, 06:48:10 PM |
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i heard many Cryptocurrency but why people mostly use bitcoin?
the first reason we all choose bitcoin necessarily because of the price and decentralize, maybe if there crypto that have higher prices, bitcoin will get serious rival, or even be replaced. |
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ajun96
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January 03, 2016, 09:13:31 AM |
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I would say becouse it is used on some places, whereas other digital currencies arent used that much (crypto i mean). But in general i like the ease of transaction (just send it to an adress) and the low fees.
if the transaction easy and low cost I think all altcoin also has it, what is more specific that differentiate between them? |
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boopy265420
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January 03, 2016, 09:20:02 AM |
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The reason is simple Bitcoin has more adoption and is more trusted than any other crypto/digital currency available in the market.Bitcoin was first digital currency after the evolution of internet in 21 st century and it will always be an edge for it.In future we will have many digital currencies to choose from but till then Bitcoin is the single choice.
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