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Author Topic: So Bitcoin is King.. why is it?!  (Read 1848 times)
warrior333
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April 16, 2018, 10:21:06 AM
 #81

maybe it is because bitcoin is the first cryptocurrency, and bitcoin value is the greatest of all crypto.
and bitcoin have the most users, holders, and traders in our world i guess.

Yes, bitcoin is the first crypto that ever made and the father of all crypto and the most expensive one, I think bitcoin will become the regular currency in the future that been used of all the country all over the world.
What does a typical currency? Do you mean that bitcoin will have a material form? This will never happen. If you mean that bitcoin will be recognized as a currency by governments around the world, this will not happen either. Bitcoin is impossible to control and manage its emissions. Without inflation and deflation mechanisms, the government cannot manage the public economy.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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tansoft64
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April 16, 2018, 10:35:45 AM
 #82

maybe it is because bitcoin is the first cryptocurrency, and bitcoin value is the greatest of all crypto.
and bitcoin have the most users, holders, and traders in our world i guess.

Yes, bitcoin is the first crypto that ever made and the father of all crypto and the most expensive one, I think bitcoin will become the regular currency in the future that been used of all the country all over the world.
What does a typical currency? Do you mean that bitcoin will have a material form? This will never happen. If you mean that bitcoin will be recognized as a currency by governments around the world, this will not happen either. Bitcoin is impossible to control and manage its emissions. Without inflation and deflation mechanisms, the government cannot manage the public economy.

Bitcoin has no physical form and it's digital, maybe it is in the future that digital currency are become regular currency, maybe that time is long enough that government will find-out a way to manage and handle bitcoin.
Chirayu_20
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April 16, 2018, 11:35:52 AM
 #83

Bitcoin was developed as the worldwide payment system, so it can be used anywhere. It has tried to stand as the currency of the world. So the question arises here, as we already have paper currency why would we need a digital currency like bitcoin?

Bitcoin is not regulated by any government so while performing transactions, people do not need to have middleman like a bank for performing transactions, so it saves money and no need to pay taxes for sending money to other countries. People will have their own control over their money and blockchain technology is safest and unhackable.

Bitcoin is only available up to 21 Million bitcoins, then after that, it will not get produced anymore. The production will cease by 2140 as of now the supply is just 16,931,163. It has also gained its value due to more people using it. The popularity gains also increase its value because of limited resources.
KelvinE
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April 16, 2018, 11:40:29 AM
 #84

Funny but interesting question. No matter how an offspring will develop it stills submit to authority that is whoever brought it to the earth. Bitcoin is the mother of all digital currencies and it is gained the financial trust than every coin on the market. Well is say is both the KING and QUEEN. Long live BTC
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April 16, 2018, 11:57:34 AM
 #85

Yes of course Bitcoin is the king of all altcoin and other existing cryptocurrency... Bitcoin has its huge impact and for me it is the best creation now of our .odern world...  The existence and success of other altcoin are because of Bitcoin...  It really paved a way a lots in other cryptocurrency... You cannot only considered it as king but also as a father of almost all cryptocurrency... Though sometimes it has it disadvantage but still it is normal...  And this little disadvantage will lead Bitcoin to peak of its success... This disadvantage is the reason why until now Bitcoin is still developing...

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April 16, 2018, 04:23:32 PM
 #86

Well, Bitcoin as a first player in the crypto industry, gained momentum over the years and it built the trust among users and it is growing day by day in terms of user base. Yes, there are some issues with high transaction fees and time but users have the confidence that we will have a concrete solution for these issues in the coming years. It is not the price but the strength and trust of the users that make Bitcoin a king of crypto.
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April 16, 2018, 05:36:54 PM
 #87

bitcoin is the king because it was the first ever coin in the crypto market. so people were unaware of it and after awareness the first word on their mouths about crypto currencies was bitcoin. So now this coin is the king among all others.
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April 16, 2018, 05:42:14 PM
 #88

Bitcoin will forever be king in the crypto market. Because of its reputation as well as the support of the community all over the world. Because of the great profitability and leading position as well as the birth of blockchain technology, it always attracts the most attention of investors in this market. But the variation of bitcoin on its purpose is still a question and there is no basis for predicting the direction of movement or adjustment.
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April 16, 2018, 05:48:29 PM
 #89

Bitcoin is the king of cryptocurrency. Bitcoin was first invented in the cryptocurrency world  after watching and observing the success of Bitcoin,the other alternative coins were invented. so Bitcoin is called the king of cryptocurrency. Again you can see that the price of Bitcoin is also more than any of the alternative coins (cryptocurrencies). so in that way we also can say Bitcoin as the king.

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April 17, 2018, 06:19:30 AM
 #90

what i know first about cryptocurrency is bitcoin. later i know about altcoins.
this is proving that bitcoin is a king of crypto because most peoples know about bitcoin, not other coins (altcoins).
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April 17, 2018, 07:15:40 AM
 #91

Bitcoin is the king because it is the very first cryptocurrency in the entire cryptocurrency world and all of the cryptocurrencies get their idea from bitcoin so they are all called altcoins or alternative coin because they are just alternative with bitcoin and bitcoin is the king because it is the trend setter for all of the altcoins in the market so if bitcoin is on bearish trend then the altcoins will follow.
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April 17, 2018, 07:26:33 AM
 #92

Now the bitcoin transaction fee is reduced as compared to last year.It was created by first and still on the top of crypto currency.The profit percentage in bitcoin will be more as compared to all the crypto currency available in the market.Now the price of other coin is depend on the price raise of bitcoin.This is the reason for bitcoin still sustain as King of Crypto currency.
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April 17, 2018, 08:05:35 AM
 #93

it's more commonly used and trusted at the moment among all the alts
filharvey
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April 17, 2018, 08:47:23 AM
 #94

Bitcoin is the first innovative decentralised technology which has provided confidence to the common man who had been upset these much days by the government policies and bankers who just looted people in the name of transaction fee.People have seen bitcoin surviving despite continuous attempts by governments and bankers to destroy it.It has given an unshakable trust in people's heart over bitcoin.And its very hard to change.

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Beroximos
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April 17, 2018, 08:55:27 AM
 #95

Bitcoin is King and will In the future surely. All attention around got just the BTC, not any other altcoin.
This is just question of time when we will see his big increasing of the value
 
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April 17, 2018, 09:00:51 AM
 #96

Primarily because it is the pioneer of the blockchain technology, and the world sees through the benefit of the latter even sans Bitcoin per se. Now, what I see is happening is that people use the price of Bitcoin as an edge among other competing cryptocurrencies. (You have to admit at some point that its price is really enticing especially to people who are aggressive in terms of investing.) Hence, if you are not an aggressive risk-taker, this business is not for you. And if you are, you will greatly benefit with the unpredictable highs in the market.  
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April 17, 2018, 09:07:43 AM
 #97

Bitcoin was first cryptocurrency using the blockchain in the world.If Bitcoin will die all crypticurrency and altcoin die too.
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April 17, 2018, 02:00:10 PM
 #98

Bitcoin is the king because it is the very first cryptocurrency in the entire cryptocurrency world and all of the cryptocurrencies get their idea from bitcoin so they are all called altcoins or alternative coin because they are just alternative with bitcoin and bitcoin is the king because it is the trend setter for all of the altcoins in the market so if bitcoin is on bearish trend then the altcoins will follow.
yes bitcoin is the first most currency crated, and after that the other alternate currency created, In bitcoin has now become so much popular that every person is willing to buy bitcoin and make good money from it, Bitcoin is in fact going to become the main currency of the world and every person will be welling to use bitcoin for everything for which they are using fiat currency in their daily life.
Best Dreams
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April 17, 2018, 02:14:14 PM
 #99

Bitcoin is the king of cryptocurrency. Bitcoin was first invented in the cryptocurrency world  after watching and observing the success of Bitcoin,the other alternative coins were invented. so Bitcoin is called the king of cryptocurrency. Again you can see that the price of Bitcoin is also more than any of the alternative coins (cryptocurrencies). so in that way we also can say Bitcoin as the king.
Yes digital currency does not have any physical state as it is all about internet but fir it they don’t have any state and bitcoin is the most anonymous currency which makes it independent and no government have ever controlled bitcoin, I want to save a lot of bitcoin because it has a lot of such feature,. Bitcoin is digital, it has hardware wallet and no one can hack it, bitcoin is king of all currency as it was invented first, so for me bitcoin was king currency and it will remain number one forever.
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April 17, 2018, 02:17:02 PM
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Bitcoin number one, because this is the main financial tool for large investors in the field of crypto currency. He is very popular. Most people do not even know about the existence of other crypto currency except bitcoin.
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