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Author Topic: Why is bitcoin the most popular cryptocurrency?  (Read 20708 times)
newguy05
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March 06, 2018, 05:26:48 AM
 #2001

As bitcoin is the first crypto currency in 2008 created as an alternative to regular transactions and store of value, powered by distributed ledgers others also, it become more popular naturally. But the popularity and rising market capitalisation of other coins brings competition in recent years.

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March 06, 2018, 05:44:35 AM
 #2002

I think there are several factors:

1. because bitcoin is the first created cryptocurrency
2. a limited coins
3. a more stable value
4. the existence of trust so much to invest
5. bitcoin exchange rate is greater than other coins
6. Increased use of bitcoin

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March 06, 2018, 05:46:26 AM
 #2003

Bitcoin is thé populaire cryptocurrency cuz everything Stuart with Bitcoin cuz its thé first coin ans thé originale idea
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March 06, 2018, 05:52:00 AM
 #2004

bitcoin was made for the first time than the other coins, that's why bitcoin are popular and the value are increasing. Day by day people came and buy bitcoin for their investment or trading purposes. Ethereum are not scam either.

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March 06, 2018, 07:48:00 AM
 #2005

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 the most popular cryptocurrency. Because Bitcoin has been able to prove to all its users that Bitcoin can make someone a millionaire. And because Bitcoin is one of the most promising coins so there are so many who believe in this coin.
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March 06, 2018, 07:58:42 AM
 #2006

You’re right, main reason is that Bitcoin was created much earlier than others. But you say, that other currencies are scam. You shouldn’t forget about Ethereum. It could compete with BTC in future. It has good perspectives connected to its fast and cheap transactions + smart contracts.
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March 06, 2018, 08:07:35 AM
 #2007

Dogecoin was a joke that becomes a massive hit. It started as joke really to make fun of bitcoin but until now it has survived and even created a market for itself. Now for the reason why bitcoin has become popular was because it was the first of its kind to enter into the market exchange. It has been banned, It was all in the news. It was like a star on its own creating a name each day. Bitcoins was created not to be regulated by any government. And many investors like this idea. This rebellious nature allows a good chance for investors at bypassing government regulations and taxes.

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March 06, 2018, 08:30:18 AM
 #2008

It's price is volatile that is why it can increase or decrease fast depending on it's market demand. Also some coin just copying the algorithm, etc or just develop what's already in the bitcoin and make his own coin. bitcoin is good option to earn money than other alt coins.other currencies has chances to gambling and scams.
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March 08, 2018, 03:45:21 PM
 #2009

You have already answered your answer, but to add on to it, there are few points listed below.

Bitcoin serves as the pillar of cryptocurrency

It is the first digital currency to be launched.

Seen a great success and trust in past 10 years.

Highest valued Cryptocurrency so far.

Other altcoins took a little long time to come in the market which helped its popularity.

It has paved its way to Trading sector successfully.

ATMs are provided to purchase or in cash Bitcoin.

It has become an investment more because of its value.

These were the key points for your question, as there are many other altcoin doing relatively good, but are not able to come close to Bitcoin’s success.
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March 08, 2018, 05:10:16 PM
 #2010

Bitcoin is the most popular crypto currency because it is the first born of all crypto currencies. Its popular because it's price has gone up since it's creation years back.

Bitcoin really became the first cryptocurrency and this allowed this system to take a leading position on the market. Now Bitcoin has a developed infrastructure and it has well-known name like a brand.
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March 08, 2018, 05:55:29 PM
 #2011

of course because bitcoin is the first crypto currency, before it appears altcoin Bitcoin has long existed.
bitcoin is the precursor of all coins, can be said bitcoin is the oldest cryptocurency.
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March 08, 2018, 07:56:02 PM
 #2012

cause bitcoin is where all started!
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March 08, 2018, 08:01:17 PM
 #2013

Because it's the king of all currencies as it has the highest value and every educated person knows the importance of bitcoin .
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March 08, 2018, 08:15:37 PM
 #2014

Bitcoin is Godfather Of All Cryptocurrency. So It's most popular
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March 08, 2018, 08:32:07 PM
 #2015

Bitcoin is the most popular of all the digital currencies because it is the first of them all. bitcoin is very popular among other coin coins. It's because of the number of bitcoin users who use the coin. They also use bitcoin to buy some altcoin for trading. I think if you think only bitcoin and dogecoin is not a scam while a coin is a scam .. that's wrong .. if opening a trading account in bitterx, crytopia or novaexchange. There are so many coin coins you can use for trading and can produce bitcoin. If you just focus on bitcoin and dogecoin only, you probably will not get much profit from trading. There are so many choices of coins you can choose such as ETH, litecoin and many others to trade. so Bitcoin is one of the most popular digital currency in the world because this is the first currency ever made which have features to transact to the other currencies in the world. And bitcoin get the most trusted and support by the users and investors to become a part of this bitcoin society. And also bitcoin is one of the best digital currency of all currencies and bitcoin is the mother of crypto currency1BTCBTCBTCBTC
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March 10, 2018, 06:03:29 PM
 #2016

Bitcoin is the most popular crypto currency because it is the first born of all crypto currencies. Its popular because it's price has gone up since it's creation years back.

Bitcoin really became the first cryptocurrency and this allowed this system to take a leading position on the market. Now Bitcoin has a developed infrastructure and it has well-known name like a brand.
Bitcoin and blockchain are not like the company. It does not have anything like infrastructure as you said, because the community of Bitcoin are its miner and its user. Its community do not create by some people, it create by all users of Bitcoin and become a "family" to protect this system.



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March 10, 2018, 06:13:00 PM
 #2017

bitcoin is mother currency of all coin and its future currency of the world
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March 10, 2018, 06:14:32 PM
 #2018

bitcoin is the most popular cryptocurrency because his price is the higher price than the others cryptocurrency also because of this free faucets he is very popular
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March 10, 2018, 06:16:50 PM
 #2019

Bitcoin is most popular cryptocurrency because it was mother of cryptocurrency or the first cryptocurrency ever made, Thanks to Satoshi Nakamoto. Also some coin just copying the algorithm, etc or just develop what's already in the bitcoin and make his own coin. But some cryptocurrency actually have really good features which is bitcoin don't have.
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March 10, 2018, 06:27:27 PM
 #2020

Cryptocurrency comes with uncountable currency as it keeps growing everyday. But ever since cryptocurrency introduced to peoples everyone's first thought is bitcoin. More likely it became famous as mass amount of peoples get to know about it. On the other hand most of other digital currencies starting to trade with bitcoin. As a result it makes bitcoin more popular.

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