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Author Topic: Is bitcoin just a brand?  (Read 1503 times)
ismart1
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December 01, 2017, 11:44:15 PM
 #61

You probably could ask if the dollar is just a brand... being the first has its merits but the acceptance and the market adoption like no other coin have to make a significant influence on the value of it. Maybe in the future, some coin may reach as much acceptance and inclusion in the various markets like bitcoin has, until them there is no question why it keeps raising, is not just the name is a lot more than that.

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farhaan
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December 01, 2017, 11:47:14 PM
 #62

You have made some arguments that don't necessarily mean anything.
Sure Litecoin is faster, but its 2 minute block time means a much bigger security risk as a greater amount of hashpower is wasted. Therefore it also requires a much higher bandwidth and if it had the same number of users as Bitcoin it's network wouldn't be able to handle the load.
It's a similar story for Monero. Same block time.

Ethereum and Bitcoin are driven by different purposes and thus cannot be compared. Bitcoin Cash is not better than Bitcoin in any shape or form.

Sure, the majority of all altcoins have features that Bitcoin does not, or are better than Bitcoin in a way and Bitcoin's price might stem from the fact that it was the first currency, but due to that, it's still the best currency.
Absolutely.Bitcoin has been the pioneer in crypto world gaining the trust of investors all over the world.It was the first thing which gave financial freedom to the people who were already fed up of governments and banking sectors.They have seen it performing well giving them good returns as well as their investments also remaining safely.So,they prefer bitcoins and don't want to risk themselves by investing in other altcoins.

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December 01, 2017, 11:48:37 PM
 #63

Litecoin is faster, monero is more private, ETH has smart contracts and there are much more altcoin with much more features, even Bitcoin Cash is faster than Bitcoin, but BTC keeps rising much faster.
Don't you think it's just because of the name?
The actual thing is that Bitcoin is used for the shopping and other services more and more and that is why it's dand is increased and the value increase. The exchanges are more so it is a more convenient currency.
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December 01, 2017, 11:50:17 PM
 #64

Bitcoin is the mother of all coins. Yes its a real brand.

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December 02, 2017, 04:13:11 AM
 #65

It is not just a brand, but a new concept that is fresh and exciting. A new currency trade practice and means to invest and garner earnings.
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December 02, 2017, 04:30:02 AM
 #66

What the? It was like asking if your mother was a brand? Bitcoin is the mother of all cryptocoins, and all the concept of the coins rising now is from bitcoin. I don't get it why you need to say that this is a brand. If this is a brand, then it is the leading brand of all brands, then.
Adv Tahmina
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December 02, 2017, 05:04:11 AM
 #67

I don't consider it's  just as a brand but I want to say it's  a huge investment source. Bitcoin is a crypticurrency that can be called as an alternative asset of gaining money.It's  become popular day by day.Altcoins are very risky investments,while bitcoin is less risky.It's  price increasing day by day. It is used everywhere..
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December 02, 2017, 05:07:32 AM
 #68

Bitcoin, a cryptocurrency, is not a brand, it obvious that when an open source project gets international recognition,people want to create   brand to make themselves popular. I think the real confusion for ordinary folks is going to be trying to choose an exchange, wallet etc. In own opinion, it incredibly cynical of companies who create parasite brands like "Bitcoin.com" or "Blockchain.info" because their entire strategy is to "trick" people into thinking they are the "official" Bitcoin - though an official Bitcoin, by definition, does not exist.
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December 02, 2017, 05:13:10 AM
 #69

Bitcoin is not just a brand. Bitcoin is the originator of a decentralized, anonymous and very secure digital currency, which is why bitcoin values ​​rise faster than other coins. Bitcoin is like a digital currency icon, that's what needs to be underlined.

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December 02, 2017, 05:25:44 AM
 #70

No bitcoin is famous not because of the name but more of the features, bitcoin is the first crypto currencies that become famous, therefore bitcoin already got a lot of users,  bitcoin is already used in a lot of places, and since the high spike of price bitcoin has attracted so many people to invested, with a lot of investors bitcoin become more famous and the price become more valuable
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December 02, 2017, 05:27:25 AM
 #71

Bitcoin is not just a brand. Bitcoin is the originator of a decentralized, anonymous and very secure digital currency, which is why bitcoin values ​​rise faster than other coins. Bitcoin is like a digital currency icon, that's what needs to be underlined.
It is not a brand, bitcoin is a digital currency were people use and invests. Yes it is a currency that more offer to users and ofcourse it has a benefits which we can use anytime with internet connection.
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December 02, 2017, 05:36:11 AM
 #72

It is usually not that you think of naming hahahaha.. it is about how the crypto currency works on demand and supply and it is how popularity comes.. being yhe first ever cypto currency / virtual money of course it is more rare and the people will trust it more than those new altcoins. It is like the founders edition and amount of people and investors who are continuos using especially bitcoin as the basis like USD☺ THATS basically it



It's not necessary the brad but the people's choice were they put there trust to invest in that kind of crypto-currency.  They only thing you want to be wise in selecting currencies is be patient and continue reading.
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December 02, 2017, 05:37:23 AM
 #73

I believe bitcoin is really not a brand because it has a value that can be invested and may be a good way to earn a great huge amount. Bitcoin is just virtual currency on the market.
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December 02, 2017, 05:38:07 AM
 #74

Bitcoin is not a brand. Its a modern currency.

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December 02, 2017, 05:40:40 AM
 #75

Bitcoin is a virtual money, as a private currency, Bitcoin is ultimately a “consumer product” and, like any other, its success is in large part determined by the engagement it can build with consumers in a free marketplace. Its not just a brand.
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December 02, 2017, 05:42:04 AM
 #76

Bitcoin is much more than just a brand. It's a decentralized network and community, a currency based on cryptography and backed by the strongest computational network in the world. It sparked a wave of innovation among Internet users with the emergence of cryptocurrency. Bitcoin is the first and largest of its kind, and benefits from newcomers throughout.

I think your explanation is more than enough, this is not just a brand, but I see anyone who asks about digital money will definitely start with the word bitcoin, it's commonplace in almost all the world who know the bitcoin digital currency. only known bitcoin, all Altcoin will lead to the exchange of bitcoin. even to get real money in my country, I have to exchange the Altcoin I have with bitcoin.
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December 02, 2017, 06:58:20 PM
 #77

Litecoin is faster, monero is more private, ETH has smart contracts and there are much more altcoin with much more features, even Bitcoin Cash is faster than Bitcoin, but BTC keeps rising much faster.
Don't you think it's just because of the name?


You can say it again, its probably one of the best and rising brands of recent times, and it will be like this for many years to come. Technically, it isnt the best coin, but its price is the highest, so makes it the best.

Look at it this way; old houses in prime areas are always priced higher than very modern houses downtown. The old house may not be the best, would require plenty of money to renovate it, but is still priced higher.

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December 02, 2017, 07:06:05 PM
 #78

bitcoin is more than a currency, it's symbol, a legend and a revolution again fiat. That's why BTC is priceless not yet but in the future
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December 22, 2017, 08:46:24 PM
 #79

Bitcoin  was a brand, a new and first among the Crptocurrencies. It is a digital currency that have a future to bring about transformation in the life of investors. It is  an asset for investors that have great future and gain for investors who invested at the start of the brand.
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December 22, 2017, 09:16:51 PM
 #80

Litecoin is faster, monero is more private, ETH has smart contracts and there are much more altcoin with much more features, even Bitcoin Cash is faster than Bitcoin, but BTC keeps rising much faster.
Don't you think it's just because of the name?

Not just the name but the name now has become synonymous with cryptocurrency that they are inseparable. Rather more people know the bitcoin name than what a cryptocurrency is. I try tell people what I do and they blank on cryptocurrency and then I mention bitcoin 5 seconds later and most understand at that point. It goes to show how important bitcoin is to cryptos and in fact bitcoin may be bigger in popularity than cryptos.

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