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Author Topic: Why is bitcoin the most popular cryptocurrency?  (Read 20631 times)
sampalokmix
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October 26, 2017, 11:27:39 PM
 #381

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?
Well, bitcoin has been the most popular cryptocurrency among all the other cryptocurrency because it is the first to be established cryptocurrency compared to the others that have just been rising after the establishing of bitcoin also as you will observe, mostly cryptos are traded into bitcoin because it is widely used and has been the popular crypto across the world that is well known by many people who have been using cryptocurrency.

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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Pepito Manaloto
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October 26, 2017, 11:30:32 PM
 #382

Bitcoin is popular because of its expensive market value which is due to the high market demand generated by its large community. As it is becoming more popular, more people are being attracted to the profit that its users are having that makes its community even more larger and its market demand higher that result for its value to be more expensive making it more popular. It is like a cycle.

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October 26, 2017, 11:32:08 PM
 #383

Because the value of bitcoins continues to rise despite a lot of scare from big players of this digital currency.  Meaning, its usefulness, and relevance to the market become so popular and at the same time a high demand causes to make it rise.   a lot of countries nowadays has created their own cryptocurrency...
Even there are a lot of countries that has their own cryptocurrency, it is still not enough to be a good competitor of bitcoin because the price of bitcoin shows a big difference between bitcoin and the other cryptocurrency so it is not easy to tell that bitcoin will be outperformed. Bitcoin will gain more popularity as the year passes and it will result for the investors or holders to gain more profit in the future.
The first one doesn't guarantee anything to be the best ,
We can see it on yahoo case as it come first but google beat it even come late after ,
Same thing could happened in bitcoin where the first cryptocurrency could lost its existence with the other coins that has better feature ,
But yeah so far we can't see any real competition along with bitcoin.
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October 26, 2017, 11:35:07 PM
 #384

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?
1. Because it is the first cryptocurrency.
2. Because it has gone through numbers of trials.
3. Because it has endured the trials which made it stronger in the system.
4. Because it paved the way for almost all existing cryptic currencies in the system today.
5. Because it's cool 😎

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October 26, 2017, 11:40:37 PM
 #385

why bitcoin is the most popular because the longest and longest bitcoin in crypto currency with this fast process does not take much time and bitcoin is too perfect compared to other altcoins even though many bitcoin competitors are popping up but bitcoin remains strong in its position.
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October 26, 2017, 11:43:22 PM
Last edit: October 29, 2017, 10:18:16 AM by HasHe
 #386

Bitcoin is the pioneer in crypto currencies.It has unique features.It has made people free from the banking sectors.Also,it has given financial freedom for the people.It has made possible even sending huge amounts of money at very low transaction fee.

People have started to consider bitcoin as a safe haven as they are fed up with government's policies and heavy taxations.Now,with its steady growing price,it is considered as the high return giving investment and people have started to buy it just like gold.

It has started to gain more trust among the investors a even china could not stop its progress.
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October 26, 2017, 11:58:21 PM
 #387

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 became the most popular currency because as we all know, bitcoin was the first cryptocurrency to be established way back then and the other cryptocurrencies or also known as alternate cryptocurrencies are just inspired by bitcoin. Also, bitcoin was the first thing you will encounter upon entering the world of cryptocurrency. In addition to that, as you will observe, mostly alternate coins are traded and turned into bitcoin since bitcoin was already widely accepted and used by many people worldwide

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October 27, 2017, 01:25:03 AM
 #388

Cryptocurrency have become a global phenomenon known to most people. Specially the Bitcoin because it is the decentralized digital cash.It is proven of it's store value and having a high price that encourage to people to join. Bitcoin.
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October 27, 2017, 01:30:26 AM
 #389

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?
in my opinion bitcoin popular because the benefits of bitcoin are so amazing, so people feel The existence of bitcoin needs to be distributed. so that all person feel the benefits of bitcoin. bitcoin also provides an opportunity for all people young children, children parents. makes bitcoin more popular.
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October 27, 2017, 01:48:15 AM
 #390

Yes, Bitcoin is the most popular cryptocurrency because it is the first cryptocurrency in the world. Even Bitcoin is the most trusted digital currency. So it has got legal recognition in many countries. It has changed the fate of many people, so it is getting popularity day by day.

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October 27, 2017, 01:53:42 AM
 #391

Nowadays, the number of bitcoin users are rising. They believe in bitcoin as digital currency to use it as payment.

Yes, i started to used this to help my parents with our bills, i find it more easier even if i am at school, i find a way to pay our bills, my mother is very happy about it.

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October 27, 2017, 01:57:06 AM
 #392

bitcoin is a very popular crypto / digital currency and does not see the constant evolution of coins and it will become a bubble. when it happens then crypto will catch the jam in crypto.
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October 27, 2017, 02:02:09 AM
 #393

Bitcoin is the biggest coin because it was the first cryptocurrency ever created in the world. Bitcoin has the most community support, many investors being most interested in bitcoin than any other coin. Bitcoin is a currency and an asset. These are a few reasons bitcoin become the most popular cryptocurrency.
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October 27, 2017, 02:31:34 AM
 #394

bitcoin is a very popular crypto / digital currency and does not see the constant evolution of coins and it will become a bubble. when it happens then crypto will catch the jam in crypto.

Because of its promising price make bitcoin into very popular. Having been trusted by most investors compared to other coins. And besides, bitcoin foundation is getting stronger just because a lot of supporting this currency.
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October 27, 2017, 02:45:40 AM
 #395

Because bitcoin is the first cryptocurrency, since being first would be easy and most famous, almost all trades use bitcoin as a price benchmark so the use of bitcoin is very large than any other cryptocurrency.


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October 27, 2017, 02:54:26 AM
 #396

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?
Simply because bitcoin is the highest value altcoin at the present time and volume increases day by day.
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October 27, 2017, 03:08:18 AM
 #397

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?
It became popular because it is the founding father of all cryptocurrencies and many major companies now are accepting bitcoin as payment and I think it is the best way to promote bitcoin in the industry

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October 27, 2017, 03:21:02 AM
 #398

I agree that a large part of bitcoin's popularity is its status as the very first cryptocurrency. In business there is a real phenomenon called the first-mover advantage. Bitcoin has built up a brand name that is hard for other cryptocurrencies to rival. Right now the brand name is as powerful as the technology behind it.
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October 27, 2017, 06:23:33 AM
 #399

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?
Its because bitcoin is the first cryptocurrency that's why it is the most popular. Bitcoin has been the star for a long time before altcoins came and because of the high price of bitcoin I think is the reason why it is so popular but altcoins are becoming famous too as days passed by so who knows. Maybe altcoins will be more popular than bitcoin in the succeeding years.

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October 27, 2017, 06:30:56 AM
 #400

There may be many reasons for Bitcoin being popular, in the last years, bitcoin has been growing unlimited, rather than decreasing. In the beginning many countries of the world did not get this legitimacy. Now in many countries it is used for various purposes, including getting legitimacy.Besides, other coins are more popular than that

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