Why is bitcoin the most popular cryptocurrency?

[IanDev]

This is called by economists "first mover advantage."

Google it.

[1715508261]

1715508261

[icanscript]

Internet currency, not attached to geographical position, political situation and economic changes. Military drunks and actions of the state regulator will never affect the value of this crypto currency. The only criterion that can affect the rate of bitcoin is the ratio of supply and demand.
Bitcoin is comparable in its value to oil or gold. It is created with the help of computer algorithms, which are very difficult to compose. As a result, the rate of entry of BTC into the market is very limited, as well as the amount of currency, its number can be as low as 21 million units. That is, bitcoin is a limited commodity, like oil or gold.

[keyzersoze]

Because it’s the first and most decentralized of them all?

[Trela]

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.

Like Gold, when the people still think Bitcoin has this value, its value still high like now. But until the world set the new (low) value for Bitcoin, I will not be surprise to see it below $1,000 again if the Bitcoin price is really a bubble value.

[allycn]

Probably because it was the first one, the pioneer, which means it had more time to establish itself (its been on news outlets more than any other crypto, and most people will relate cryptocurrencies with BTC).
Its high value also makes it more attractive / more "popular", but just being the most popular doesn't make it the best.

[sparveenat]

Bitcoin is the first cryptocurrency so it is very popular cryptocurrency. Bitcoin has given a very comfortable returns to its investors make huge impact which people start spreading about it and people who benefited spreed about bitcoin by themselves is the biggest reason for biticoin's popularity. Thus bitcoin is the most popular cryptocurrency.

[Tatzky]

It has a biggest value of all, it's the first coin ever introduced to crypto world. It's the first factor of BTC popularity and it was covered by many television news so far.... It was published in our local channels, all of our local channels has tuckled it, people gat curios what is bitcoin and starter searching for answers...

[Xiomara]

BTC is the first and most liquid monetary unit of crypto economy, which arose in 2009. BTC forms more than 50% of the total market value of the cryptocurrency. BTC is most often used as a means of payment for goods and services as well as an investment instrument for speculation and long-term investments. Bitcoin is traded on every crypto exchange.

[Thadeous]

What do you mean by "most popular cryptocurrency":
1) largest cap,
2) transactions per day,
3) total amount of wallets,
4) accepted by most of payments services and systems.

[thet]

It becomes more popular because of the social media, a lot of people are now writing some positive comments,  blogs or even articles that helps to understand the use of bitcoin with regards to the latest technology.

[corall]

It becomes more popular because of the social media, a lot of people are now writing some positive comments,  blogs or even articles that helps to understand the use of bitcoin with regards to the latest technology.

Not much people are aware of blockchain and cryptucurrencies, so the only one thing they know is bitocoin. And people tend to trust more to things they have heard about or were discussed in media.

[cryptorampage]

Bitcoin is the most popular crypto currency in the world . For few reasons this is the most vital currency , i have listed below . Please check.

First Crypto Currency : Being the primary digital currency of the world, It has an inherent
Simple to set up: Compared to customary Bank account Bitcoin record can be set up in minutes or even seconds!
Obscurity: Users can hold numerous bitcoin locations, and they aren't connected to names, addresses, or other specifically recognizing data.
Decentralized in Nature: The bitcoin organize isn't controlled by one focal specialist. Each machine that mines bitcoin and forms exchanges makes up a piece of the system, and the machines cooperate.
Simple to set up: Compared to conventional Bank account Bitcoin record can be set up in minutes or even seconds!
Quick: We can send cash anyplace and it will arrive minutes after the fact, when the bitcoin organize forms tarted broad research on this.
Fence against chance: As the money esteem is always debasing and individuals are confronting difficulties to stay aware of this unstable economy.


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[0ctron]

Because it was the first really successful cryptocurrency which made it to the news.

[sailordgold]

Bitcoin is the most popular cryptocurrency because it has the biggest grow in the market and it is the very first cryptocurrency so that is so easy for bitcoin to become the most popular. As of now, it is still the most popular cryptocurrency since then so there is a huge chance for bitcoin to be more popular and have a massive adoption because of its popularity.

[btcCoincart]

Every coin have pair to btc, that's the reason

[rockyboy]

According to me the bitcoin being the most trusted digital currency as it is adopted by many nations and other coins are a just scam or the game of few days.

That is true!  Bitcoin is the most trusted digital currency . It is now being used and accepted in some areas of the world.  I hope that it will become the most powerful currency of the world in the future.

[danggoron]

It becomes more popular because of the social media, a lot of people are now writing some positive comments,  blogs or even articles that helps to understand the use of bitcoin with regards to the latest technology.

In addition, the extraordinary price increase makes bitcoin even more popular. It's a hard blow for the underestimate of bitcoin. Of course, the main reason is that bitcoin is very effectively used in the digital age.

[Dissident991]

All heard about bitcoin unlike other cryptocurrencies because there were a lot of news about it in mass-media, it was really hyped last time.

[JoseJoseJose]

Bitcoin was the father of all cryptocurrency. If theres no bitcoin there were never be another crypto. And not all crypto was a scam and its not only dogecoin is legit. It depends on your faucet, then of course on the wallet that you have.

[Ashe-J]

Represents the Godfather of the cryptoworld & Best anti-fraud crypto