What made 'Bitcoin' the Bitcoin it is today?

[Naster]

What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?

[carlfebz2]

What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?

Considering its the first digital currency or cryptocurrency exist wayback before into those years. It might not get the attention directly from most people but there are some who do believe on its potential and Satoshi did really make a great innovation when it comes into payment system which we do see on its white paper on whats the purpose of the creation of bitcoin and now we are witnessing its success.

[erickkyut]

For me, the thing that made the Bitcoin very successful is because of the people who are still believing on it and keep on patronizing it. It will not last long if there are no people buying it and investing on it. It is now becoming more popular worldwide and I know that it will be more successful in the near future.

[audaciousbeing]

What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?

What made it what it is today in my opinion is the calibre of people who stood strong and the lose faith in bitcoin even in the face of pressure or any any discouragement to abandon, they stood still and be their faith in which there were able to spread to several members who bought into the dream and its what it is today. A lot of people have left, while some are still standing and for the reason why you and I are still here, we have contributed our own or still contributing to what its going to be of bitcoin tomorrow.

[giveen]

Now you should seriously stop comparing bitcoin and altcoins. The reason why altcoins couldn't be as good as bitcoin because they are altcoins the reason why it is named as alts is because they copied bitcoin and anything copied can't beat the real one easily. As bitcoin was the first one people found it interesting and bought it but when alts came it was too late they surely have better features but that's doesn't matter to the investors now. You can say it is overvalued but seriously who cares about that.

[|Bitkoin|]

I think the reason Bitcoin is what it is today is because it was the first coin and revolutionary so everyone wants it plus the name is the best and it just makes sense that for these reasons it is the most popular coin.

[hatshepsut93]

What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?

Bitcoin is the king of crypto because it has the best team of developers who know how to preserve decentralization and security that makes Bitcoin valuable in the first place.

Altcoins can't flip Bitcoin because they don't offer any breakthrough innovation, they all have the same problems as Bitcoin, and new features that they offer are usually very experimental, risky, or even just useless.

[paragoncoin]

Agreed. There are definitely some promising altcoins out there, but it's highly unlikely that any will ever eclipse bitcoin.

[undeadbitcoiner]

Bitcoin is BTC today, First of all i want to thank Bitcoin Developer and Veterans and after that All of us who support BTC
As most of Crypto Familiar we know Bitcoin was not First Crypto Currency but yes Bitcoin was First Decentralize Crypto Currency which was created in 2009 by pseudonymous developer Satoshi Nakamoto
Bitcoin started slowly and there were a lot of struggle, Slowly Slowly there were adoption of bitcoin by Country, Company , Public uses been high in Demand so that is how we are here but the journey still continues

[Fourgh]

What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?

It was unique and very innovative making the way for digital money. Now it's price value is so high compared to where it was 3 to 5 years ago if we had ever had the chance to invest in one.

[Aur3]

What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?

Considering its the first digital currency or cryptocurrency exist wayback before into those years. It might not get the attention directly from most people but there are some who do believe on its potential and Satoshi did really make a great innovation when it comes into payment system which we do see on its white paper on whats the purpose of the creation of bitcoin and now we are witnessing its success.

Also, bitcoin is used in various ICO projects. The ICO promotes the use of cryptocurrency as a vehicle to improve the overall quality of payment transactions. With the use of bitcoin or ethereum, the payment system becomes safer due to blockchain technology. It seems impossible to hack it. Look at Everex. It restarts its ICO for the second time and it allows new investors to buy a bitcoin token. You can sign up here, goo.gl/E2NDF2 for more details.

[ivrynx]

Bitcoin was made to help us during the recession in 2008, so that we can have a new currency, however  a digital currency made, thus bitcoin was born. During the first years of bitcoin, it was no that being acknowledge, since the price is not as high as today, but being it a cryptocurrency, a new online form of payment ,it was first used mostly in the deepweb, because you cannot be traced when doing transactions, that's why people in the deepweb found it best suits them. Then after some time Bitcoin was made known outside deepweb, but not having a high value still, then miners came out and enthusiast wanted to have bitcoins of their own, i believe since it was new back then, and they see a very promising future for bitcoin, more and more people found out about bitcoin and its benefits, and soon after, the price of bitcoin went high, and up to now, the demand for bitcoin is becoming higher and and higher, and governments are making bitcoin legal in their country, though there are a lot of cryptocurrencies out there, bitcoin has proven itself to be dominant.

[GideonGono]

What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?

Considering its the first digital currency or cryptocurrency exist wayback before into those years. It might not get the attention directly from most people but there are some who do believe on its potential and Satoshi did really make a great innovation when it comes into payment system which we do see on its white paper on whats the purpose of the creation of bitcoin and now we are witnessing its success.

I'll correct some points. Bitcoin is not the first digital currency but it is the first decentralized digital currency or cryptocurrency.


In response to the OP, Bitcoin today is comprised of Bitcoin's failures in the past. Bitcoin,in its early years, has undergo some bugs and security issues but as the time goes by it is layered by multiple fold of securoty and a lot of developers who worked hard makimg it impregnable and impossible to hack since computational prowess we have today can't break it and it can be broken with the supercomputers developed in the future but at that time the security has increased multiple folds as what it was today making it impregnable due to constant development.

[Kakmakr]

It was the first Crypto currency since 2009 and it has been the most secure. All the other Alt coins is a copy of the original < with a few small changes >

It has the biggest network of users and merchants and Bitcoin ATM's and it is growing daily. Almost all the Crypto currency exchanges support Bitcoin.

Bitcoin is the Coca-Cola of drinks and the other Alt coins are just other flavours based on the original. ^hmmmmm^

[Prodigan786]

People are entering crypto world because of bitcoin . In my country if you want to buy any altcoins like ether first we have to buy bitcoin using fiat currency then has to send exchanges like bittrex then we will buy ether . There is multiple transaction happens for buying single altcoins.So bitcoin growing bigger.

[deadsilent]

It was the first cryptocurrency ever created way back 2008. Bitcoin is a digital currency which transacts with no middle men involved. Which means no banks needed. Also it gives convinience to people who use because theres no need to give your identity and low fees. A lot of people catch their interest and slowy, adoption of bitcoin became really fast. The price back then was $1! That's why early adopters are very lucky.

It's not just a way or method of payment. It can act also as an investment. Bitcoin is accumulating value over time, more faster than traditional banks. Decentralised is popular, that's why a lot of people loves this kind of technology

[BingoDog]

Thre big advanatage o bitcoin is the fact that it was first cryptocurrency introduced. But if didn't have users support there wouldn't be success. People realised that bitcoin gives great opportunities to make profit, to use it as a payment method, as an investment, to move from the banks and governements and that the value is rising. That all contributed for bitcoin to become what it is now. I think that still in early stage people realised that bitocin is inevitable future and that was the beginning of the success.  

[Yuhee]

Thre big advanatage o bitcoin is the fact that it was first cryptocurrency introduced. But if didn't have users support there wouldn't be success. People realised that bitcoin gives great opportunities to make profit, to use it as a payment method, as an investment, to move from the banks and governements and that the value is rising. That all contributed for bitcoin to become what it is now. I think that still in early stage people realised that bitocin is inevitable future and that was the beginning of the success. 

Well it has goods but sometimes btc has also its bad effect. Not the btc itself is bad but depends on who and how people will use it. But generally it helped a lot of people everywhere in the globe. I for one admit that my life has changed when i discovered btc. Sometimes only the big traders are still becoming rich and small time traders tend to have just small profits over the time. But i guess everyone is free to do whatever strategy to become also a rich bitcoiner.

[gabbie2010]

This is due to massive support received by bitcoin since inception, although bitcoin started slowly but presently bitcoin is gaining more and more popularity and adoption in many countries making it one of the best cryptocurrency and the fact it is decentralized currency and being used as a  means of payment makes bitcoin to be were it is today.

[HasHe]

What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?

To be honest,what made bitcoin more popular and expensive in its early stage is that it was widely used by dark markets for buying illegal goods.Until now,some continue to criticize bitcoin that it has been used for illegal activities.But its an old story.As price got higher,it attracted the attraction of people and they started to buy bitcoins.Some even used it to send money with very low transaction fee and at the same time,quickly.People were just using as a currency to buy goods.But when its price started to trigger,every one started realizing its potential that it should be saved as a valuable investment and not spent just as a currency.It further increased its demand as well as price and now we are almost $4309 today.