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Author Topic: Why is bitcoin the most popular cryptocurrency?  (Read 20631 times)
Ravion
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January 28, 2018, 11:53:37 AM
 #1581

There are many reasons.

- First ever crypto currency
- Anonymous
- Decentralized
- Fast and secure
- One click payment sent.
- Great profits
- Known by almost everyone.
- Better then gold
- No age restrictions
- Free to use
- Easy to earn
- Easy to use

It is a great investment and many users are coming towards it every day and it is getting popular. The reasons are mentioned above.

I doubt the las 3 points
Free to use? What is the meaning of free? Trading? Mining? You  eed capital for it or you mean bounty? Then yeah it is
Easy to earn? I barely have 1 full btc LOL
Easy to use? For you and most of us here yes, but for average person not really. Blockchain is quite complicated for non tech newbies

Many of the features listed are actually shared by other cryptocurrencies, so they are not unique to Bitcoin. The question is why is Bitcoin specifically more popular. Bitcoin is the first and most popular cryptocurrency. Most people don't even know about other cryptocurrencies and think Bitcoin is what the whole cryptocurrencies thing is. Obviously, it has huge brand recognition.

But These things don't mean that Bitcoin can't be surpassed though. If you look at market capitalization, until the beginning of the previous year, Bitcoin was like 95% of the entire market. But since then other ones, especially Etherium has been gaining market share. There was actually a time during the middle of the previous year when the market cap of Bitcoin and Etherium got kind of close.

I think that another cryptocurrency can become more popular than Bitcoin if it has some innovative new features. These can be about ease of use, better security features, or even something like lower power consumption (mining) because then it would be touted as being part of a green economy and would attract attention from environmentalists.
For example, another cryptocurrency that has been gaining great popularity very recently is Ripple. It has some innovative new features, and so much so that some analysts are saying that it should even be considered a cryptocurrency in the way that Bitcoin is.


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mahilchii
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January 28, 2018, 12:02:30 PM
 #1582

Yep, bitcoin is not only the oldest of all coins but the founder and breakthrough concept of blockchain technology invented by bitcoin which all the other crypto currencies are into it. Normally people call as master computers or super computer where unsolved things solved by a computer which will be owned by the top software giants, unlike this block chain technology like super computer is used by common people now who knows some knowledge to install and run, this is called mining. By this way bitcoin is not only peer to peer but technology wise also it is peer to peer.

Xw73
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January 28, 2018, 01:08:02 PM
Last edit: February 05, 2018, 01:25:54 PM by Xw73
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 #1583

Bitcoin recently become popular because of its value and the possibility of earning money through it is what has caused the general uproar apart from some other nuances about the currency's potential.
greenbitsgm
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January 28, 2018, 01:30:35 PM
 #1584

You are right when you say bitcoin popularity is due to the fact that it's the first crypto that started the evolution of virtual currency but let's also consider that another reason for its popularity is its market value and the speculation of its potential growth to become even more valuable in the near future because of that its demand grows rapidly as investors become aware and interested and sees an opportunity of a good investment.
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January 28, 2018, 09:38:13 PM
 #1585

Well all I know is that bitcoin is the first I heard of in cryptocurrency world. It is also popular because people are making it and they are testifying to it. This way more people get to know about it and join.

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GalahadSeika
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January 28, 2018, 09:45:59 PM
 #1586

Bitcoin earned its title the mother of all crypto currency because bitcoin is the very first and  oldest crypto currency to exist not to mention almost every traders,  even common people, and investors know bitcoin. What I meant was bitcoin is dramatically popular many people come to join amd discover the wonders and capabilities of bitcoin mainly in changing their lives.
KceoH
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January 28, 2018, 09:49:01 PM
 #1587

I believe that the whole economy has stepped forward, bitcoin became the first coin which the world saw, so it is considered the most important, all Altcoini are moving behind it, this coin has not yet revealed its full potential, in the near future we are waiting for a breakthrough
BitcoinManiak
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January 28, 2018, 09:52:07 PM
 #1588

Because of the rise of the bitcoin. Everybody was talking when it becomes so fast expensive.
btcCoincart
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January 28, 2018, 09:57:24 PM
 #1589

Because BTC is the very first coin in the Crypto market. Every altcoin is pair with bitcoin. It's base coin of the market Smiley
Tiana1
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January 28, 2018, 10:23:18 PM
 #1590

I believe bitcoin is the most popular Cryptocurrency because it was the very first of all cryptocurrencies to be made. All altcoins circulating is based on bitcoin algorithm.
niceone
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January 28, 2018, 10:26:57 PM
 #1591

Yup you have a point there it is the first successful cryptocurrency that's why it is really popular and it is the genuine one out of all crypto most people are really sure that bitcoin is not scam unlike those new altcoins that is coming out from nowhere.

Ngajim
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January 28, 2018, 10:40:47 PM
 #1592

Because bitcoin is first digital currency and have high vallue and having nice future.
only bitcoins made a blockchains which has been the defining feature it had over the others, and bitcoin its been the oldest of all cryptocurrencies to be made.
cutiemolit
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January 28, 2018, 11:40:57 PM
 #1593

Because bitcoin is first digital currency and have high vallue and having nice future.
only bitcoins made a blockchains which has been the defining feature it had over the others, and bitcoin its been the oldest of all cryptocurrencies to be made.



Bitcoin is the most popular cryptocurrency it's because of its success as the first cryptocurrency in the world. Not just that it is about with the trust ratings and positive comments from there investors. The more they advertised Bitcoin the more it is known and must trust by people.
Krispin47
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January 29, 2018, 12:13:26 AM
 #1594

I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made. Honestly most of the other coins are scams and greedy ways that the developers make money. The only other coin I can think of that isn't a scam are dogecoins! What do you think?
I think is bitcoin is the oldest so definitely it has already itself. And now people are going into bitcoin because the price really surge in the last couple or years or so. While others try to catch up with bitcoin, however the hype on that coin died down and we didn't see the so called flippening. And more people are also learning how to earn bitcoin through trading and investment portfolio as well.
mindfly09
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January 29, 2018, 07:36:01 PM
 #1595

Bitcoin is the most popular, because its price is high, compare to other currency. We know that the price of bitcoin is continue to increasing and were almost people choose btc. Just bitcoin currency only that we can use for payments online and best for trading. That it gives big profit to the investors or to the people. Its  more indemand, that's why bitcoin is most popular and it become successful currency in all.
Tamim121
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January 29, 2018, 07:59:35 PM
 #1596

Now Bitcoin is the most popular cryptocurrency in worldwide. Because bitcoin is a stable coin, it is potential and it has great value. By investing on bitcoin we can easily make profit and it has bright future.

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subject27
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January 29, 2018, 08:23:59 PM
 #1597

Beyond of "most popular", Bitcoin is ancestor of the crypto world. Yes, it is have some issues like high transaction fees and slow transfer then any other currencies but it is a classic. Most of people knows crypto world name of Bitcoin.
Cryptosaint$
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January 29, 2018, 08:27:23 PM
 #1598

I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made. Honestly most of the other coins are scams and greedy ways that the developers make money. The only other coin I can think of that isn't a scam are dogecoins! What do you think?


I think its mainly because it was the first. no other reason.

There are other alts out there that serve a much better purpose when it comes to operating as a currency, but yet BTC is still the most popular.

Nut i dont think it will always be this way.
BlackBeauty
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January 29, 2018, 08:41:30 PM
 #1599

I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made. Honestly most of the other coins are scams and greedy ways that the developers make money. The only other coin I can think of that isn't a scam are dogecoins! What do you think?


I think its mainly because it was the first. no other reason.

There are other alts out there that serve a much better purpose when it comes to operating as a currency, but yet BTC is still the most popular.

Nut i dont think it will always be this way.
In future bitcoin will more popular and every second person join bitcoin because they will better know bitcoin can settle their life than other income, and I think most of people leave their job for bitcoin because bitcoin has many way to earn money and that's why they will rich in very short time, so very soon government will also accept bitcoin by its popularity.
pratik009
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January 29, 2018, 08:42:05 PM
 #1600

Yes you are right that bitcoin is the most popular currency beacause it's the first cryptocurrency and king of the cryptoworld but not only this one reason behind the popularity of bitcoins.
reason behind the popularity of bitcoin:-
▪️Bitcoin is first cryptocurrency
▪️We can easily transfer it all around the world
▪️The transaction fees is very less
▪️It is more secure and safe
▪️The price increament is very rapidly
▪️Too much profitable
▪️We can easily store it
▪️We can buy many things by it, beacause nowdays many of sites access bitcoin as payment method.
▪️very trsutable
▪️based on the blockchain technology
The above and more  reasons are behind the popularity of bitcoin.
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