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Author Topic: The Reason Bitcoin will always be #1  (Read 41474 times)
Warry
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May 27, 2017, 03:38:38 PM
 #841

I don't think that bitcoin will always be number one in future as it can also disappear if the price of bitcoin crashes down and everyone will stop using it and the other possibility is that Government may come up with their own digital currency which can replace bitcoin and take its position.
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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carriebee
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May 27, 2017, 05:00:31 PM
 #842

I think bitcoin will always be number one because of demands currently nowadays. And its already spreading around the global of bitcoin advantages and its benefits to users. Also, many investors realy invest in bitcoin.
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May 27, 2017, 05:24:14 PM
 #843

I think bitcoin will always be number one because of demands currently nowadays. And its already spreading around the global of bitcoin advantages and its benefits to users. Also, many investors realy invest in bitcoin.
The demand for bitcoin is always evolving with time running, even there is no coin that can compete with bitcoin. Well, therefore i also think that bitcoin will always be the first in the world of cryptocurrency.

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May 27, 2017, 05:47:20 PM
 #844

One of the reasons why Bitcoin is so dominant is the price, the value that it has. Many altcoins are trying to achieve this but so far without success. Bitcoin is the most accepted in real world and could be used for buying real things. Besides, I don't think there is much space for many cryptocurrencies.

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May 27, 2017, 10:24:00 PM
 #845

Just look at the effect of bitcoin on the other altcoin. Look at yesterday and today you will understand that bitcoin is the boss. One day this situation may change of course this is possible but not today.
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May 27, 2017, 10:28:43 PM
 #846

I don't think that bitcoin will always be number one in future as it can also disappear if the price of bitcoin crashes down and everyone will stop using it and the other possibility is that Government may come up with their own digital currency which can replace bitcoin and take its position.
there is no chance that bitcoin will become disappear , bitcoin will stay for ever as number one currency for the world. the users of bitcoin are increasing from time to time which s making bitcoin more and more stronger and powerful.
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May 27, 2017, 10:30:41 PM
 #847

Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.
It's not about the name bt it's more on because it's currently the only coin can be traded in fiat and it's the first coin in crypto currency. Altcoins may compete with bitcoin but I don't think they could beat bitcoin as investors worth gap in bitcoins and altcoins is huge.
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May 27, 2017, 10:33:51 PM
 #848

I do not think it's because the name bitcoin be the best name crypto but bitcoin capable of being the parent crypto so that other crypto names if the price is high anyway if it can not be converted into bitcoin then it will not be worth it, If in real money the parent of the currency is the dollar in this case bitcoin able to become a position like the dollar currency.
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June 01, 2017, 02:12:53 AM
 #849

There are only a few possible reasons why Bitcoin will be #1

1. It is the defacto and the founder which gives it intrinsic value.
2. It is the most popular and will just continue to be that way.

It is insane to see why a coin that is flawed as much as Bitcoin be as popular because its a founding coin.
I don’t see why you think it is insane for this to happen, even if we admit there are some problems with bitcoin, just look at the music industry, have you heard the garbage they are producing, the music is very bad or look at Hollywood and the horrible movies and yet, they are making a lot of money and its popular, so what you are describing happens everywhere not only in bitcoin.
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June 01, 2017, 07:26:00 AM
 #850

The reason why bitcoin is always be #1 is bitcoin is most trusted and most familiar currency, not like in others every people and investment wants to invest in bitcoin because it has a good value and best in investment. In bitcoin it has a future that it would be the price is high and its value. And its most uses of investment and it easy to use it has several advantages compare to money.
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June 01, 2017, 07:27:17 AM
 #851

Bitcoin is like a index currently. If it drops to hard alts drop to. If it rises to hard alts drop to. Then alts recover. So yea I recommend to always have some bitcoin.
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June 01, 2017, 07:39:00 AM
 #852

Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

Weel, that's one of the main reason for me too.

It is the "coin made by bits", a truly digital currency name.
But other important reasons are that it was the first one, altcoins mostly became just speculation tools and because of its users base.
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June 01, 2017, 08:14:57 AM
 #853

Bitcoin history is much older than other coin alternatives, which is the benchmark of all digital currencies in addition to fiat that was born thereafter. And bitcoin struggle faithfully to achieve popularity as it's today, there are two distinctive features that everyone around the world likes about bitcoin: anonymous and decentralized.



 

 

 

 

 

 


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June 01, 2017, 08:26:03 AM
 #854

I guess bitcoin is the best name for the best crypto currency and it has been named and agreed by most of the pioneers and developers.

And because of it the name bitcoin is becoming popular as the origin of all alt coins and is being preferred by everyone.

With a lot of ups and downs bitcoin will always be the #1 when it comes to positioning.
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June 01, 2017, 08:48:39 AM
 #855

Presently I think Bitcoin" is the best name for a crypto-currency.It is also the first innovative one, and also because it is the most adopted one that many services and businesses already using it to transact online
Bitcoin has all of the qualities of a great ledger made in digital. And because of that it’s probably the best form of money we’ve ever seen.
HatakeKakashi
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June 01, 2017, 09:07:32 AM
 #856

I don't think that bitcoin will always be number one in future as it can also disappear if the price of bitcoin crashes down and everyone will stop using it and the other possibility is that Government may come up with their own digital currency which can replace bitcoin and take its position.
there is no chance that bitcoin will become disappear , bitcoin will stay for ever as number one currency for the world. the users of bitcoin are increasing from time to time which s making bitcoin more and more stronger and powerful.
Remember theres no forever in the world everything is possible to happen even bitcoin possible die in the future. But no can say the exact date when the bitcoin die. But I hope bitcoin will live long for many decades. Bitcoin price is continue increasing so I think it will live long and bitcoin become popular, stronger , trending every year. I think many people invest bitcoin because bitcoin is number 1 they will still number for many years.

 
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June 01, 2017, 09:14:41 AM
 #857

The Name is not a reason.

Some reasons of bitcoin will always be number 1 are.
1: First decentralized currency
2: Anyone can own Bitcoin
3: Anonymous
4: Sent anywhere in the world in secs and without any hassle
5: No need of fee (Right now you need to pay high fees because of the (miners)
6: No one controls it.
7: It's completely transparent
8: It's really fast.
And the list goes on.

One of the biggest reasons, because it's the first cryptocurrency ever invented by Satoshi. Everyone adopted and admitted the existence.


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The_prodigy
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June 01, 2017, 10:37:10 AM
 #858

I don't think that bitcoin will always be number one in future as it can also disappear if the price of bitcoin crashes down and everyone will stop using it and the other possibility is that Government may come up with their own digital currency which can replace bitcoin and take its position.
Yes maybe you are true, but i think it will always be number one as long as the bitcoin is there, i have no doubt to it. People are now more interested on it because of the increasing value of coins. They will start earning bitcoin and start on investing on it as well. Bitcoin will always be a number one for its user. Because it helps many people.
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June 01, 2017, 12:25:56 PM
 #859

Ahm can we just refer to its current price? And compore it to otjer crypto? Ia ig enough to say that bitcoin has always been on tthe top of the chain? Other thing is that people tend to be more confident about bitcoin rather that alts
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June 02, 2017, 09:27:13 AM
 #860

The Name is not a reason.

Some reasons of bitcoin will always be number 1 are.
1: First decentralized currency
2: Anyone can own Bitcoin
3: Anonymous
4: Sent anywhere in the world in secs and without any hassle
5: No need of fee (Right now you need to pay high fees because of the (miners)
6: No one controls it.
7: It's completely transparent
8: It's really fast.
And the list goes on.

One of the biggest reasons, because it's the first cryptocurrency ever invented by Satoshi. Everyone adopted and admitted the existence.
yes very nice, i think these are enough proof to show that bitcoin is number currency of the world and will always remain as number one currency. i think on more reason is that the new generation trend is toward online shopping and trading, etc, they are now establishing online business, so they are giving more preference to bitcoin because bitcoin is the first ever coin created as online currency.
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