andycarrol
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January 04, 2016, 06:43:19 PM |
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because bitcoin is the first cryptocurrency and has many benefits and convenience.
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Amph
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January 04, 2016, 07:31:13 PM |
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i heard many Cryptocurrency but why people mostly use bitcoin?
If you accept bitcoin then you have only 21 million bitcoin, then if you add litecoin too then you have another 84 million LTC, then if you accept another cryptocurrency then you have another xxx million of coins. All these extra coins are inflation in cryptocurrency world, and since you don't want inflation, you will only focus on one most popular coin with limited total supply, that's bitcoin I also tried mining Litecoin, got scammed by pools, so the other cryptocurrencies are highly risky and immature you should have mined on multipool, not unknown random pool, what was the pool that scammed you btw? you example however it's a bit flawed, since other coins are not worth what bitcoin is worth, and therefore 84M litecoin ar enot equal to "84M new bitcoin" but only on a fraction of that 1/100 in this case, or near that other coins have even lower value, so it's not like adding all those coins at the end... The effect of inflation is added money supply, e.g. same amount of capital investment must go to different coins, thus each coin ends up worth less. And just because of this, people would not throw their investment on multiple coins yeah but in the end if those coins were to be added now, it would mean like having a bitcoin with less than 25M coins or around that(i didn't do the correct math here), still the bitcoin that we all know, not much of an inflation increase there
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avw1982
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January 04, 2016, 07:37:36 PM |
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because bitcoin is like pioneer to other currency, so bitcoin is more famous than other coins,
and when the coin gain more fame more people are using it and nowadays bitcoin rate has been using to rate other coins
If any of you think the Internet might go away, then Bitcoin might go away but its range incomparable with other money,and It will emphasizing the digital currency’s independence from centralized powers. Of course, as the owner of an exchange for the currency.Bitcoin is a database processing technology that only needs computers to run its software and to communicate with each other to keep it alive. As long as there are Internet connections and a desire to use Bitcoin, it will be around
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Mr. Forum
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January 04, 2016, 08:04:13 PM |
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The reason is because bitcoin has been in existence over a long period of time and thus gained enough popularity among the people who trade using digital coins. There is also a higher probability that the bitcoins will grow more and more to a point where they will be accepted across the world as an official digital a currency. With that, it mean we will have increased demand and thus people are just having them for speculative reasons. The coins are also secure and more reliable than any other.
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jethrorn99
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January 05, 2016, 10:36:44 AM |
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I like it because bitcoin is priced much higher than another digital currency.
Other digital currency only maxed out in $6,2 , while bitcoin is priced $432 right now (when i type this post)
So, bitcoin could help me in my daily life, because in my country bitcoin priced really high. 1 Bitcoin is almost half of the capita of people working here.
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~Bitcoin~
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January 05, 2016, 12:08:48 PM |
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because bitcoin is the first cryptocurrency and has many benefits and convenience.
Bitcoin is the legend and the first one to get evolved under blockchain so it have higher popularity and value than others. To get fame and to get accepted in multiple store is quite hard for alts so i love bitcoin and most of us love and use bitcoin.
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bitlancr
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January 05, 2016, 01:23:43 PM |
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Bitcoin's market cap is way bigger then all other crypto currency's combined.
This means bitcoin is the real thing, not a rip-off like most other currency's. I am aware that most alt developers have good intentions though.
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marketingcoin
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January 05, 2016, 01:30:04 PM |
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Bitcoin is continuing its journey towards full recognition as digital currency globally.Bitcoin offers me decentralization,freedom and its reliable when it come to make a comparison between it and other digital currencies.Bitcoinhas bright future whereas crypto currencies
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gravitate
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January 05, 2016, 03:08:55 PM |
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its got a great backing. therefore least likely to die ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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To peel or not to peel.
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ronaldo40
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January 05, 2016, 03:12:15 PM |
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bitcoin is very safe and reliable and Bitcoin is the first cryptocurrency and will not scam like other Cryptocurrency or altcoins.
why don't you pick another cryptocurrency, there are some coins to be as safe as bitcoin, like doge, etherum, litecoin, etc they also have a sizeable adoption because I think not many people accept the doge, etherum or litecoin and the user is not too much. so I prefer bitcoin only. Another cryptocurrency I only play on the trade.
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ajun96
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January 06, 2016, 07:53:13 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.
Well you're right, bitcoin has more adoption than other crypto do you think there any other crypto competitors, which have greater technology compared bitcoin? and will replace bitcoin? Off course there are, and more will come more. Its not like Bitcoin is the end of every possible innovation and development in crypto coin world. yes I think so, there will always be competitors who come, are you sure btcoin can survive? maybe now a competitor of bitcoin is eth, but bitcoin is still strong and enduring
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Cryptopher
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Keep it dense, yeah?
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January 06, 2016, 08:23:34 AM |
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Established, relatively widely accepted compared to many other cryptocurrencies.
I tend not to explore other currencies, nor pay attention to dev activities.
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Sign up to Revolut and do the Crypto Quiz to earn $15/£14 in DOT
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Imoote
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January 06, 2016, 08:34:40 AM |
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I think maybe because bitcoin is crypto which was first created. Besides bitcoin is very easy and fast to make money. Maybe it struck me how many people are using bitcoin
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Xialla
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January 06, 2016, 08:36:41 AM |
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nothing. only positive is, that is widely known and lot of smart people are in development team.
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blackmachinegun
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January 06, 2016, 11:34:21 AM |
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bitcoin is very safe and reliable and Bitcoin is the first cryptocurrency and will not scam like other Cryptocurrency or altcoins.
why don't you pick another cryptocurrency, there are some coins to be as safe as bitcoin, like doge, etherum, litecoin, etc they also have a sizeable adoption because I think not many people accept the doge, etherum or litecoin and the user is not too much. so I prefer bitcoin only. Another cryptocurrency I only play on the trade. yes maybe it is also one of the causes, altcoin less popular than the bitcoin, so still few who accept altcoin actually many altcoin whose function is not only to trade, such as hyper and DGB made for games
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dk8218
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January 06, 2016, 01:22:13 PM |
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Because of market place, userbase, value, need in market, and network etc etc.. After at all btc is btc no one can beat btc
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blackmachinegun
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January 06, 2016, 11:34:44 PM |
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Because of market place, userbase, value, need in market, and network etc etc.. After at all btc is btc no one can beat btc
right after the bitcoin spread throughout the world, and bitcoin already known to many people, I believe this will accelerate the adoption and may accelerate bitcoin to be the best currency in the world
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ajun96
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January 07, 2016, 08:20:23 AM |
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I think maybe because bitcoin is crypto which was first created. Besides bitcoin is very easy and fast to make money. Maybe it struck me how many people are using bitcoin
true, bitcoin lucky because the first time crypto was made, so bitcoin first spread and is more popular than the other coins
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yoona
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January 07, 2016, 02:11:11 PM |
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many reasons why people prefer cryptocurrency bitcoin than others, some of which is due: - bitcoin price is more expensive - Bitcoin stable and undecentralized - Confirmation of bitcoin faster - bitcoin early discovered
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RyanX
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January 07, 2016, 03:30:29 PM |
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its got a great backing. therefore least likely to die ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Most other altcoin is just a pump and dump. The developers premine or ICO it, then it goes to exchange, the price is high initially, then the developers and insiders dump it.
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