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Author Topic: Why is bitcoin the most popular cryptocurrency?  (Read 20639 times)
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October 15, 2017, 03:32:30 PM
 #241

It is the first of its generation, has the most hashing power (infrastructure), and people like the idea of Satoshi Nakamoto as the anonymous, mysterious figure behind it.
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October 15, 2017, 03:39:05 PM
 #242

Bitcoin is the most popular cryptocurrency because it has an immutable public ledger and a scarce limited amount. It also has by far the best developers working on it at all times.

I agree with your point.Bitcoin is famous because of it price. Bitcoin is the king of altcoin because of price .1 BTC = 5700$.Not even a single altcoin reach the value of 1000$.So bitcoin reaches fives time of the highest price which was not even reached by any coin.

 
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October 16, 2017, 08:26:51 AM
 #243

I believe bitcoin is the most popular mainly because of its benefits.
You know bitcoin has provided another source of income for people and
thus increased their standard of living. Bitcoin also provided a
platform for secure transactions.
Besides,  being the first cryptocurrency, it came to spotlight even
before all other cryptocurrencies were made.

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October 16, 2017, 08:33:21 AM
 #244

because the initiative is always on top. The starter always on top and all other new projects are made copying concept of this start project. So bitcoin was created for the first time and it is very great in calculation, implementation and other technicalities so it is much famous than any other coin in market.

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October 16, 2017, 08:38:13 AM
 #245

bitcoin is king cryptocurrensy because he's the first and
the bitcoin community bigger than the others cryptocurrensy

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October 16, 2017, 09:26:08 AM
 #246

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?

You're right. One of the reasons why is it's the most popular is because it is the first ever cryptocurrency. Also because it took time before altcoins emerged, that's why for a long time Bitcoin has the spotlight, getting all the media attention. But it's slowly changing now as altcoins are getting better and better.

I guess this is not the case, this is not just whose being the first, it is a matter of how strong and well develop this technology is, that is being gathered numerous support from devs and users.
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October 16, 2017, 09:32:35 AM
Last edit: October 17, 2017, 09:13:53 PM by senne
 #247

Bitcoin popularity is way much more than any other altcoin in the market; also its demand is increasing day by day which help to rise in the price, hence giving better returns on the long term investment. Other reasons for its popularity is that it was the first cryptocurrency having features like anonymous transfer over the globe, decentralized currency and much more which attracted a number of users which were tired of old ways of transferring money. With the coming of Bitcoin, it has opened new doors of possibilities.
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October 16, 2017, 10:33:00 AM
 #248

Due to it's strong market value

In my opinion, besides bitcoin has a strong market, bitcoin has popularity as well as users who have full confidence in bitcoin progress so they dare to invest big in bitcoin which affects the rising bitcoin price increases.
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October 16, 2017, 11:15:31 AM
 #249

bitcoin is most popular crypto because it was the first crypto to be launched since 2008. unlike the others that are released a years ago. another reason bitcoin is the most popular crypto is because it has a lot of opportunities  and potentials to offer both young and adults. it also became an asset to other people using bitcoin as their living.

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October 16, 2017, 11:28:25 AM
 #250

I think a bitcoin-shaped digital currency can be popular among other types of crypto because bitcoin is the first crypto to appear created by a developer called shatosi nakamoto.
Although there is always a new type of crypto that can exceed the value of bitcoin. the new crypto type will not last long its value always drops drastically because it is only limited to the initial launch campaign alone, unlike bitcoin many investors who already believe in bitcoin and continue to cause new investors can invest in it.
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October 16, 2017, 01:17:53 PM
 #251

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 guess this question is not necessary we already know that bitcoin is the most popular but why? I guess the only reason is because it is the original and it is the first or in short the origin of all of this cryptocurrency we already know that bitcoin is the first cryptocurrency so probably no doubt about it it is the first one to become successful in some ways that why it has cost a lot in all of time and the number one because basically the other are just alternative token or in short just a copy of bitcoin.

Aside from being the first made cryptocurrency, the BTC  is being popular of its different characteristics. Bitcoin is buzzing all around news and media, and might seem to be the future of finances. At this point, you almost can't argue that this technology is yet to shine and just like any groundbreaking know-how it needs time to be figured out and being implemented. But you can prepare yourself for that future by investing today.

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October 16, 2017, 01:48:42 PM
 #252

As you said, Bitcoin is the first cryptocurrency. Some of the coins rising today are modeled after Bitcoin. Some coins have been a scam and spreading ponzi scheme. So what a better way is to invest with the original and first Bitcoin. Though, some of these coins have wonderful purpose and function like ETH, Bitcoin is still the best considering the struggles that it went through.

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October 16, 2017, 02:17:32 PM
 #253

No central control over bitcoin by any state, community or person makes it valuable. Why should we entrust centralized agencices or governments when we can have this power in our own hands? I love blockchain!

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October 16, 2017, 02:18:45 PM
 #254

Being the first cryptocurrency has helped bitcoin gain popularity. Also the media mentions from the likes of Fox, CNN, BBC ...etc has helped bitcoin become more popular. Also the way the price sky rocketed in just 7 years have made it very popular among investors.
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October 16, 2017, 02:20:49 PM
 #255

Even before the innovation of bitcoin some form of digital transactions were taking place, but none gained such a popularity as bitcoin. This is all because of the spreading that happened without any promotion through media or other platforms. Second is the growth it has attained in a very smaller time period.
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October 16, 2017, 02:25:08 PM
 #256

Hi! In my opinion, Bitcoin already has established infrastructure. There are sites, companies and merchants who accepted Bitcoin, big exchanges, local exchanges in almost every country, lots of people who accept it or willing to spend. Now, if you take some altcoin, you will have a very hard time exchanging it for your local currency or finding a place where you can spend it. The reason for this is because people don't see any need to work with altcoins if Bitcoin works just fine.
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October 16, 2017, 02:36:30 PM
 #257

Because Bitcoin already has established infrastructure. There are sites, companies and merchants who accepted Bitcoin, big exchanges, local exchanges in almost every country, lots of people who accept it or willing to spend. Now, if you take some altcoin, you will have a very hard time exchanging it for your local currency or finding a place where you can spend it. The reason for this is because people don't see any need to work with altcoins if Bitcoin works just fine.
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October 16, 2017, 02:38:22 PM
 #258

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?

Those other crypto currencies have been controlled by a central body unlike bitcoins which is open for all. It gained popularity ever since because it is free and made originally to escape from the banks and other financial institutions. Right now, its market value is 5705 USD. This have increased from the past months because of increase in investments.
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October 16, 2017, 02:41:55 PM
 #259

why bitcoin the most popular cryptocurrency because bitcoin is the first hashing digital currency bitcoin the new era of financial form and obviously bitcon change the generation of currency using the new technology.

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October 16, 2017, 02:49:17 PM
 #260

why bitcoin the most popular cryptocurrency because bitcoin is the first hashing digital currency bitcoin the new era of financial form and obviously bitcon change the generation of currency using the new technology.

It is not! Bitcoins were not the first cryptocurrency for everybody's info! If you all check even the white paper of satoshi, he has attributed a lot of works of other cypherpunks. There have been a lot of cryptocurrencies before bitcoins, but only bitcoins made a blockchain which has been the defining feature it had over the others. You better read on your history.
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