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Author Topic: Why is bitcoin the most popular cryptocurrency?  (Read 20629 times)
Xester
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October 11, 2017, 04:37:13 PM
 #201

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?

Because it was already tested and proven.  It already made its name and it became the most sought digital currency.  Plus, bitcoins is the basis of all cryptos in the market.  Bitcoin gives income that is huge as regular income from regular job.  Bitcoin is an institution.
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pikebu
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October 11, 2017, 04:38:23 PM
 #202

It's plain and simple why bitcoin is the most popular crypto , because it was the frist out there who really got a new tech and we speak here about the blockchain technology itself. Cause you see a lot of new coins are out there but none of them are even near the bitcoin power. Also we hanve't see the full potential of bitcoin and the blockchain technology.
The other reason why bitcoins is the most popular cryptocurrency is due to the capitalization of bitcoins, it has large of money be invested in bitcoins https://coinmarketcap.com/currencies/bitcoin/ and it makes the people are trust in bitcoins than others coins, the media made news about it then it was made bitcoins more and more popular around the world.
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October 11, 2017, 04:46:15 PM
 #203

There are several reasons for increasing popularity. Most of them market first time. Easy to use and reduce its demand on access but variable prices.
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October 11, 2017, 04:56:43 PM
 #204

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?

Bitcoin is gaining more popularity in the world and it is the most popular of all cryptocurrencies because it has already established it's community and has widespread usage across the globe. Bitcoin is the mother of all crypto.

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October 11, 2017, 05:05:57 PM
 #205

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?

Because bitcoin has the largest exchange from digital currency into fiat. Bitcoin is also legit.

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October 11, 2017, 05:09:32 PM
 #206

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?

Because bitcoin has the largest exchange from digital currency into fiat. Bitcoin is also legit.

Bitcoin don't have an exchange but it is the digital currency mostly converted to fiat. You can't say it is legit since bitcoin is not for fooling other people. Bitcoin is popular since it made a lot of people rich in just a couple of years, since the price rocket up to $4K, many people want to have some while it is cheap and hoping to be a millionaire also.
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October 11, 2017, 05:10:39 PM
 #207

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?
Because bitcoin wasn't copied from some thing else and it was really developed for the people who needed a change from the centralized systems and something which is related to tech. It's monetary value this year has added up more number of users in bitcoin and it's security mode is so very powerful and alt coins will find it really really hard to at least come near to bitcoin.

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October 11, 2017, 05:13:00 PM
 #208

most of the countries in the world have knowledge about bitcoin and peoples are already using it.it's have so many benifits for the users. it is a digital currency and  the source of extra income. by using bitcoin one can make himself self-sufficient. besides,  it is the oldest  crypto coins and being more trusted. because of that,bitcoin is the  most popular crypto  currency.
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October 11, 2017, 05:17:13 PM
 #209

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?

That's because Bitcoin was the first cryptocoin to appear on the market and for this reason it has the widest user-base and the widest acceptance among shops, stores, etc. This is despite Bitcoin has a very basic technology compared to other ones.
Also, I think the name of the coin plays a key role as well. Think about that, Bitcoin name is very easy to remember and has a true meaning which others don't have. It literaly means "coin made by bits", i.e. the perfect name for a digital coin.
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October 11, 2017, 05:31:34 PM
 #210

if I think why bitcoin is most popular in cryptocurrency because bitcoin is a lot of devotees and its users.,

and also its price is very high among others .,

that's all opinions I know.. thanks
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October 11, 2017, 05:46:07 PM
 #211

It's plain and simple why bitcoin is the most popular crypto , because it was the frist out there who really got a new tech and we speak here about the blockchain technology itself. Cause you see a lot of new coins are out there but none of them are even near the bitcoin power. Also we hanve't see the full potential of bitcoin and the blockchain technology.
yes absolutely, because it is the most well know currency that we can get in the internet and it will always be the number one among all, many devs admires it therefore they have been creating a coin too, bitcoin is the father of all coins thats why it is the most popular.

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October 11, 2017, 06:05:58 PM
 #212

Because bitcoin is the first digital currency to have ideology, good security, decentralization and bitcoin have a high value for a digital currency.
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October 11, 2017, 06:12:13 PM
 #213

bitcoin appears and fights earlier than the currently popular altcoins, automatically applicable if the loyalists will be more because the level of trust has been tested for a long time, no matter how much altcoin offers better functionality, bitcoin will still be a conversion center. There is a fear of crypto inflation if the transition period of volume moves to altcoin.
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October 11, 2017, 06:25:27 PM
 #214

3 reasons for why bitcoinis the most popular currency i. Cryptoworld :

1) first ever to bring this tech to the world.
2) stood the test of time for many years already
3) perfectly engineered and a strong dev team.
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October 11, 2017, 06:38:38 PM
 #215

3 reasons for why bitcoinis the most popular currency i. Cryptoworld :

1) first ever to bring this tech to the world.
2) stood the test of time for many years already
3) perfectly engineered and a strong dev team.
Moreover, bitcoin is the first cryptocurrency on the planet and it is trusted by many hackers and dark organization in the past. They used to spend bitcoin in deepweb and you can see that bitcoin was/is very common when you log in to the darkweb. It is centralized and provide people the anonymity that they want to they can make shady transaction without any problem

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October 12, 2017, 01:02:56 PM
 #216

I would say because Bitcoin is the first cryptocurrency ever made, so Bitcoin had a head start from the others. And of course being the oldest means being the most known cryptocurrency, this is attracting more trust because we don't really know who is satoshi nakamoto and there is no proof that he is using his Bitcoin for couple of years.

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October 12, 2017, 01:42:06 PM
 #217

I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made.
You answered your own question.
There's more to it, I think, since there are other altcoins which gained some popularity right after Bitcoin was first released.
The difference is that they still lack the infrastructure around them, they have almost no merchants accepting them outside of the crypto-sphere.

You could say that Bitcoin is slowly losing its dominance, especially when you look at the market cap of Bitcoin vs altcoins (ETH), but that has more to do with speculation than anything else imo.

I believe it is because of its value, when bitcoin started it no one even bothered to think of it as an investment opportunity but now everyone is getting hype of getting atleast 1 bitcoin which makes it very popular specially this year 2017.

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October 15, 2017, 02:04:07 AM
 #218

I think all crypto currencies are the only way to unite people with the same idea. Bitcoin is the first known crypto currency. If we do not see the constant change of coins and it will be not knowing the direction.
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October 15, 2017, 05:13:42 AM
 #219

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 agree with you it is the first ever crypto currency ever created and bitcoin presence in the marketing is getting stronger and the support of investors is getting bigger.
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October 15, 2017, 05:18:53 AM
 #220

Yes the other name for bitcoins is "The Father of cryptocurrencis" because it is the first of it's kind.The other cryptocurrencis were second to bitcoin.It is popular among people because it made many people rich who had invested in bitcoin at the time of its birth.There are still people investing and mining in bitcoins and are making a huge profit out of it so it's natural for it to become popular.
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