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Author Topic: Why is bitcoin the most popular cryptocurrency?  (Read 20710 times)
Nefarious
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December 09, 2017, 07:18:32 AM
 #1061

Bitcoin has first mover advantage by being the first Cryptocurrency out there. It has been around the longest, which help gives it bigger brand recognition & trust amongst the general population.
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December 09, 2017, 07:19:31 AM
 #1062

Bitcoin is most popular because first it came into picture as Digital currency and the rise in its price which we experienced made it more popular. First you get to know about Bitcoin and then Altcoin comes into picture
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December 09, 2017, 07:24:16 AM
 #1063

haha, I totally agree with your point of view about Bitcoin. There is no doubt about its value. But how's about Dogecoin? I don't think it is a good coin. It's just a funny coin belongs who love dog

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December 09, 2017, 07:27:29 AM
 #1064

Bitcoin has first mover advantage by being the first Cryptocurrency out there. It has been around the longest, which help gives it bigger brand recognition & trust amongst the general population.

One very important thing about Bitcoin is that you can never accuse the person who invented it of being money-minded. Because from whatever evidence we are having, it is clear that Satoshi Nakamoto never profited out of the coins which he mined. Even now $16 billion worth of Bitcoins are lying idle in his wallet and they are lying there since 2009.

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December 09, 2017, 07:35:18 AM
 #1065

because bitcoin is popular of high price value so that bitcoin have many investor
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December 09, 2017, 07:52:15 AM
 #1066

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 is the main reason and truth lies in your post, however people are not trusting other coins and they can run away or increase their tokens to become worst scammers unlike Bitcoin stays what they said in whitepaper.

Most of these Mini Cryptos rely on Bitcoin so it is the most important for everyone than other Crypto.

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December 09, 2017, 08:07:40 AM
 #1067

For many, the concept of crypto currency and bitcoin is practically equivalent, that is, many of the crypto currency know only the existence of bitcoins. In connection with the fact that bitkoyn was the first crypto currency to know about him the most, and because he has a high cost and the price for it is constantly growing, he is in great demand.
    In the future, I think, people will learn more about the other Crypto currency and the situation will change. Bitcoin has fallen in price and will not enjoy such unthinkable demand, while the demand for other useful coins will grow.
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December 09, 2017, 08:18:57 AM
 #1068

Decentralized in Nature: The bitcoin network isn’t controlled by one central authority.
It's easy to set up: Compared to traditional Bank account Bitcoin account can be set up in minutes or even seconds! No questions are asked or no fees are taken.
Anonymity: Users can hold multiple bitcoin addresses, and they aren’t linked to names, addresses, or other personally identifying information.
Transparency: bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain.
Transaction fees are minuscule: May be themost important part. International transfers cost decent sum of money, but Bitcoin doesn’t cost transaction fees

Hedge against risk: As the currency value is constantly degrading and people are facing challenges to keep up with this volatile economy, more often they are finding it as a hedge / security against the currency devaluation
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December 09, 2017, 08:31:35 AM
 #1069

Bitcoin is the most popular cryptocurrency because many people acknowledge it and use it for a living. Thats just a simple marketing logic, if there are many users, then it makes sense why it is popular.

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December 09, 2017, 11:25:36 AM
 #1070

bitcoin is the first currency which introduced us to the concept of cryptocurrency and it achieved the greatest development in comparison with the rest
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December 09, 2017, 11:46:44 AM
 #1071

Bitcoin is the most popular cryptocurrency becuase it has a big value and it's getting higher everyday. No one can replace this currency becuase of the big demand and the nice way to transact a money. You can invest and earn here easily.

Yeah, bitcoin can be differentiated from other digital currencies. It is valued because it also values its investors. It is very reliable and transactions are very easy to handle. In bitcoin, you have the hundred percent assurance that your the resources someone has invested to acquire it is going to earn you will never expect and the security of the wallets you use to keep it.


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December 09, 2017, 03:52:59 PM
 #1072

because now the bitcoin price is so incredible so from that bitcoin can be said the most popular crypto I think it is a good thing because its value can become higher as time passes.
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December 09, 2017, 04:02:16 PM
 #1073

Bitcoin created by a noble person who has no political purpose or to enrich himself. And as solution to the global financial pattern of concern because it's dominated by governments and the big capitalists in the world. Therefore, bitcoin is better.
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December 09, 2017, 04:05:59 PM
 #1074

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 there are other altcoins that are not scam.  And the fact that bitcoin is the first digital currency ofcourse it is the most popular.  Having been the first, it is the most trusted digital coin.  Thus, all the price of coins available arr based on its price.
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December 09, 2017, 04:07:16 PM
 #1075

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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December 10, 2017, 11:09:48 AM
 #1076

The Company and the management of bitcoin is the most popular in field of electronic banking industry. Their excellence, passion, dedication, systematic strategies and management drives them to pursue hard to achieve lots of recognitions that bring them on the top and become number one.
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December 10, 2017, 12:44:13 PM
 #1077

Being a pioneer in a specific field is a very important advantage. This is the main reason bitcoin is the most popular and leading cryptocurrency. It's like exploring uncharted territories. All resources and opportunities can be utilized with no other competitions yet.
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December 10, 2017, 01:29:30 PM
 #1078


Bitcoin is the first example of a growing category of money known as cryptocurrency. Bitcoin is a form of digital currency, created and held electronically. No one controls it.
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December 10, 2017, 01:38:47 PM
 #1079

Bitcoin is the most popular cryptocurrency because it is the first in its kind and this is the currency which shows that currency itself can give big returns to its investors which make more popular. Keeping in mind that digital world is ahead and youngster getting ready so to their requirement they need money also so that they accepted it very fastly. If they find any thing better then bitcoin there is chance to dump bitcoin also so we have to be careful in its growth consistently.

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December 10, 2017, 02:03:58 PM
 #1080

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

its quite obvious bitcoin is and would always be the most popular cryptocurrency.and considering the market share it has among the altcoins forming approximately 60% dominance.That is a very target to beat.
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