Is bitcoin just a brand?

[troglobait]

yes of course it is definitely the most recognizable coin. I think that people who are not connected with crypto-currencies, vseravno heard about bitcoyn

[CrystalPham]

Bitcoin is not just a brand, it alf a real money to lucrative. Not many investors have shared the story of the possibility of losses and watching thousands of dollars evaporate in a few days.However, keep in mind that bitcoin - the amount of money witnessed a 1.800% increase in value only in 2017, which is known to be volatile.

[jackky]

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?

I think virtual currencies are growing very fast in the market in my country but to know which coins are the strongest, there are indeed a lot of people who will choose Bitcoin. In the market today, this currency is at the forefront and most influential in comparison with other developing currencies.

[Pan Troglodytes]

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.

agreed. I think we still need to wait for one single coin to be better than bitcoin in more than one aspect to expect bitcoin to leave the show and leave room for this new coin. All the existing coins maybe have some advantages over bitcoin but are also inferior in some other aspects.

[pompinkpomelo]

It is code + a community and it's likely that the latter is more important. Code can be replicated immediately but the value mostly comes from the community around it.

[greeklogos]

Probably it is really so. Bitcoin was the first bird and the demand on this coin stays high just because of people really believe it is the best coin, but you are totally right, besides the price bitcoin has not advantages, there are many other coins which are faster, smarter and so on. Do you guys think that one day people will realize that bitcoin's time passed and move to another coin? I think it is pretty possible, but while whales concentrated on bitcoin we will not see any big change.

[mia khalifa]

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?

to be honest I read this while laughing, you look silly, bitcoin and other cryptocurrency coin is a digital currency not just a name, money is digital and not just that with digital money in the form of bitcoin you can use to pay for anything you want and that real is not just a name.

[Dread Pirate Roberts]

Every coin there are advantages and disadvantages. which is very useful in bitcoin is he who is making this innovation. and also arguably bitcoin is the main crypto in this crypto world. so bitcoin will always be a pioneer for altcoin again as a dull benchmark of prices.

[Melvin Narag]

No one is using a token or coin for the purpose of promoting a brand, coins name and symbols are the project's itself, if you get my point.

[Karam.aq]

the problem with bitcoin is that its not backed by any form of real asset however as long as there are people who believes in crypto currencies bitcoin will be able to maintain its value

[Tmandeep]

The truth is a brand bitcoin, the cookie bitcoin is the king of all corn

[dancingnancy]

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?

Btc is not a brand its a very respectable and valuable currency because it has shaped the entire crypto world. Its become so popular mainly due to its price fluctuations and it'sconcept of a decentralised currency for laymen and traders to use. It would be very restrictedin terms of accessibility if it were a brand.

[Shikaina]

Maybe a brand but it is the first digital coin invented and besides it has been proven already to be strong through the test of time. It may kick in one day and fluctuate the next day but still gaining back its balance. I think because it is more tested and proven.

[Tang lancip]

Bitcoin is the unit of currency of the Bitcoin system. The common abbreviation for this is "BTC" to correct the price or amount (eg "100 BTC"). There are things like physical bitcoins, but ultimately, bitcoins with numbers associated with the Bitcoin Address. Bitcoin is physically an object, like a coin, with numbers carefully embedded in it

[billbear]

it maybe is so partly, becouse bitcoin was the first and many many people, when they thing about cryptocurrencies, they know only bitcoin

[angaper]

If the only reason why people were interested in bitcoin was an undeserved fame and lacking in support, there would be real reasons to think that bitcoin is nothing more than an brand without sustenance. However I still see that bitcoin offers real solutions to real problems, regardless of the fact that there are now countless altcoins that seem to offer the same benefits with some improvements.

At the end of the day, in most cases the simpler something is maintained, the better. Bitcoin perfectly fulfills the functions for which it was created with the utmost simplicity, and with the additional advantage of the fame and prestige it has accumulated over the years.

[kenelmark]

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?

Its not because of the name. The reason why bitcoin is still at the top 1 crypto based on coinmarketcap is because bitcoin is the father/mother of all crypto currency. ETH,XMR,BCH and LTC are just a copy of bitcoin in upgraded manner.

And because of this. bitcoin becomes the digital storage of wealth. Thats the real reason

indeed.. Bitcoin still has the highest demand in the markets and become the most valuable asset of investment. all those features of altcoins can not make altcoins be better than bitcoin. it can not be said "just because of the name" when the altcoins can not independently stand on its own. blockchain always develops which always support bitcoin. this is why bitcoin is always the best.

[qtronix]

Maybe you're partly right. Few people say "cryptocurrency", now everyone says" bitcoin", meaning all the coins. Often people will learn first about bitcoin, and studying it, already all the other cryptocurrencies.

[Batang Hambog]

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?

People only want to make more money and bitcoin currently offers exactly that, and relatively reliably as well, since major players have started to enter the bitcoin market as well. That is enough reason for your average person to invest in bitcoin.

[DoublerHunter]

Bitcoin isn't a brand, bitcoin is just digital assets or digital currency but don't had physical form like fiat currency and  aside that it's just a great investment source the price is so fluctuative because that it's make bitcoin great to invest well actually another coin is good to but actually i chose bitcoin because the risk of other coin and bitcoin.

That is right, bitcoin is a digital currency which a lot of people are getting into because aside from being profitable investment it is also the best for being the source of income for the people around there. Bitcoin will never become a brand because it has no products because bitcoin stand for itself and bitcoin is an all around cryptocurrency.