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Author Topic: Why people attract for the BitCoin than other crypto currency?  (Read 3409 times)
amaljinadasa (OP)
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November 08, 2017, 01:27:21 PM
 #1

Please give your opinions.

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Red-Apple
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November 08, 2017, 01:30:40 PM
 #2

because other "cryto currency" also known as altcoins are not known to anyone outside of the bitcoin circles. whenever the media is talking about crypto currency they are talking about bitcoin!

additionally the altcoins are mostly pretty terrible. they are made to be pumped and dumped so they are not really something people are interested in.
bitcoin on the other hand is a real currency which you can actually use to buy stuff with either online of offline and that will always give it an edge. not to mention all the attention that is going to bring for bitcoin.

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November 08, 2017, 01:31:48 PM
 #3

Please give your opinions.

if you are asking for now a days so defiantly people are holding BTC because
 
i) lot of potential and prediction in news for price like it can go to 25k until 2025
ii) forks in BTC which are giving a real boost in earning and now a days BTG is reason for BTC price surges

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November 08, 2017, 01:40:27 PM
 #4

cause media only talk about bitcoin , sometimes they mention ETH but most of the time it's only bitcoin so there is 0 chance for new comer to know about other cryptocurrencies IMO
while bitcoin is suffering with the transactions and high fees , people still tending to over trust alts cause all of them have some issue like pre mine and unknown cap

and since bitcoin is number 1 in marketcap that's alone make people tend to buy it more than other currencies
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November 08, 2017, 01:44:43 PM
 #5

Because Bitcoin was first and has the best developer base, is the most accepted and due to the network effect.

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November 08, 2017, 02:02:56 PM
 #6

The support of the people to bitcoin compared to the other coins is growing fast, its reputation is growing fast. This just means that the price can also grow fast. The hype for bitcoin will continue. Bitcoin led the crypto currency world. It is the fastest growing coin, a great asset means a great profit for many.
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November 08, 2017, 02:26:08 PM
 #7

Bitcoin is the very first digital cryptocurrency,which is fast growing and unceasing rising of its value.And also the affects of media coverages,social medias which made bitcoins so trending.

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November 08, 2017, 02:45:10 PM
 #8

Bitcoin is the very first digital cryptocurrency,which is fast growing and unceasing rising of its value.And also the affects of media coverages,social medias which made bitcoins so trending.
I agree.Bitcoin is the leading cryptocurrency nowadays and is the most powerful and most famous of all cryptocurrencies.Because of that,more and more people entrust their luck in life or even their source of income from bitcoin since its market value is very expensive.And for sure it will increase even more in the coming months and years.Though bitcoin is volatile,still lot of users rely much on bitcoin for their financial stability.
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November 08, 2017, 03:00:40 PM
 #9

Because Bitcoin was first and has the best developer base, is the most accepted and due to the network effect.

cause media only talk about bitcoin , sometimes they mention ETH but most of the time it's only bitcoin so there is 0 chance for new comer to know about other cryptocurrencies IMO
while bitcoin is suffering with the transactions and high fees , people still tending to over trust alts cause all of them have some issue like pre mine and unknown cap

and since bitcoin is number 1 in marketcap that's alone make people tend to buy it more than other currencies

Bitcoin isn't the first crypto currency. There were 2 or 3 before that maybe 15-20 years back.
I don't remember their name but you can find it on the search engines. Also, Bitcoin uses some features (mainly from the cryptography side) from one of this old crypto currency.
Ethereum is also covered on a lot of media, yes surely less than Bitcoin but it has a good presence and a lot of people hearing about Bitcoin do it with Ethereum too.

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Laurayaki
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November 08, 2017, 03:04:17 PM
 #10

because the bitcoin is the best known, the first and it has made a big leap forward;
albert11
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November 08, 2017, 03:05:57 PM
 #11

Please give your opinions.

Simply because bitcoin is the first digital currency and the most trusted one.  It has been tested and proven over time because of its undeniably good performance.  It gives everyone opportunities to earn more income and makes life of people more comfortable.  If you want to invest on cryptos, invest in bitcoin.

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November 08, 2017, 03:09:55 PM
 #12

Because Bitcoin is the creator of all other crypto currency. The whole market depends on it. The bitcoin code is the basis for creating other crypto-currencies. Then they fit into the economy and the new crypto currency enters the market.
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November 08, 2017, 03:11:29 PM
 #13

Please give your opinions.
People attract for the bitcoin than other cryptocurrency because bitcoin is quite helpful to many people.The support of the people to bitcoin compared to the other coins is growing fast, its reputation is growing fast. This just means that the price can also grow fast. The hype for bitcoin will continue. Bitcoin led the crypto currency world. It is the fastest growing coin, a great asset means a great profit for many. Bitcoin has already helped so many people especially in their financial needs.
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November 08, 2017, 03:17:51 PM
 #14

the reason why people or every users attract at bitcoin is there huge price, on these state bitcoin still pumping fast. while the other altcoin stay on there marks, pumping in a little bit slow.
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November 08, 2017, 03:21:20 PM
 #15

It's nothing strange. Bitcoin is first and leading cryptocurrencie and main part of attention goes to Bitcoin. Many new people who joins crypto world have heard only about Bitcoin, and only later some of them become interested in altcoins.
Compare, how many place you can find where Bitcoin is accepted and how many accepts altcoins. And Bitcoin price is growing amazingly, so it's safer and more profitable investment than mostly altcoins.
Only Ethereum can be near Bitcoin by some aspects. But if I would ask people on streets "do you know what is Ethereum", I don't think that many people would be able to answer my question. But now mostly even not crypto users have heard something about Bitcoin, because news mediavgives lot of attention to BTC recently

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November 08, 2017, 03:26:55 PM
 #16

Bitcoin is the original cryptocurrency so mainstream media is focused only on bitcoin. People who are not well versed in cryptocurrency only know bitcoin and maybe a few emerging altcoins but focused mostly on bitcoin. Plus bitcoin price is really surging right now that even if you know some alts, it is easy to ignore them and just focus on bitcoin.
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November 08, 2017, 03:32:01 PM
 #17

Please give your opinions.

Just look at the current price and you got the answer - 7500$ is a reason why people are attracted to BTC and not to some other coins.Many investors have profited so much this year,they want even more and with this forks they get more extra coins/more profit.BTC is one great machine for making money,so who would not want to be part of this machine and fill pockets with money.

Anyone who looks at this picture can only ask himself where he was at the beginning of this year and did he invest some money in BTC Wink



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November 08, 2017, 03:32:14 PM
 #18

Please give your opinions.

That is an easy question. Because bitcoin is the most popular and known digital currency and crypto currency in the world. Also, bitcoin has reached the price where no other crypto currencies reached. People are thinking that it will be pumping more making them rich so they want to hold and own their own bitcoins hence buying them or gamble or do some trades.
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November 08, 2017, 03:35:46 PM
 #19

Bitcoin is very versatile. Everyone knows it. and trade , tranfers quickly
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November 08, 2017, 03:37:20 PM
 #20

Simple: because bitcoin IS the only one cryptocurrency , it was the first cryptocurrency
The rest are a copy of it, but can't beat the original bitcoin
But alt currencies like Ethereum have a good chance to be a good cryptocurrency
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