So Bitcoin is King.. why is it?!

[vanjava]

Yes that's for sure. Because bitcoin is currently the most popular among the world community. Bitcoin is also one of the world's first circulating digital circulating cryptocurreny. Bitcoin prices are currently very high but unstable and unpredictable.

[feny.blackpink]

Relax man, calm down. I know bitcoin have some disadvantages to be solved, but everyone here can choose their king coin.
maybe many peoples say bitcoin is the king because they already hold bitcoin from long time before altcoin enter.

[Supercrypt]

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.

Bitcoin transaction fee is always reduced when there is no much FOMO or congestion in the market. What happened last year was because of the high level of transactions going on within exchanges, the number if new users trying to get in and so on. One thing that makes bitcoin the most relevant is because it is always going to be used as a point of contact while alts are just there trying to stay relevant among each other and only those with products anyway will end up strong in the future.

Almost everyone in the cryptocurrency world today definitely got to know first about bitcoin before even trying to get diverted about other cryptocurrencies based on how some have increased hugely over the years even in a very short period. Bitcoin will always remain the legacy coin no matter what and that is how it is going to be and every other coin is going to be an alternative just as their name implies. Honestly, the number of useless coins and tokens in the market has even caused more harm than good.

[al.nechiporuk]

This is due to the fact that bitcoin is the first cryptocurrency. Already almost ten years there is bitcoin and nowadays all people treat this cryptocurrency as gold.

[freesia_pnp888]

it's still king cuz it's the first ever -> many users regardless these slow transactions and high fees.

[fatema]

Bitcoin is the king in all cryptocurrency. Because there are cryptocurrecny in the world, Bitcoin's name is at the top of them. Because its prices are high, security is good, market demand is high, popularity is high. There are no other facilities in this type of facility. It is helpful in the development of the country's economy. The number of unemployed people in the country is decreasing. People are changing the financial condition. For this reason, Bitcoin King.

[darewaller]

it's more commonly used and trusted at the moment among all the alts

If anyone is coming into the cryptospace at the moment, it has always been because they heard one thing or the other about bitcoin and that is the way it has always been. At least, I can say for myself personally, until I kind of got diverted a little bit to the idea at large and then started investing in some altcoins with a solid project. However, bitcoin is more established, it is the first and remains in the center and top of it all, and that is always going to always get the attention and trust of any new investor who is considering venturing into the cryptocurrency world.

[cryptohunterSL]

Bitcoin is the king in all cryptocurrency. Because there are cryptocurrecy in the world, Bitcoin's name is at the top of them

[harobaru]

bitcoin is king because it is world largest currency. it gives more profit to people.

[Melon12]

Bitcoin is a king because the price of bitcoin is the highest  of all cryptocurrency,that why bitcoin is the king of all currency.

[deepcoreotc]

Bitcoin was the first crypto currency and this is the reason why it is the king. I also think that it will be replaced by a better more scalable currency in the future tho.

[THATBTC]

I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

Well it's the first cryptocurrency with many investors around the world, it was the first that get the confiability of the people, and you can trade it right now with any coin on the world

Bitcoin is the King

[Giftedcrypt]

Bitcoin can be called a king based on patronage,like trading,mining,buying airtime with it, one of the most used coins, but not really the most expensive coin in the coin market..there are other coins higher than bitcoin..

[Sayed Rifat]

I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

Bitcoin is a king. Because it's  prize too high from the other coin. Nad it's prize become rise day by day. On the other hand other coins prize is low from bitcoin. And it is too safe from other investing way. All over I say it is a king.

[Roman Coinson]

Bitcoin always will be the king of the cryptocurrencies because it's pioneer in this sphere! Therefore, people will always trust it more than anyone else!

[oni4an]

In any field in any market, whoever is the first he is very likely to be king. Bitcoin is something more than just a currency, a technology to which there is no interest among many.

[seramania]

bitcoin with current sales and purchase volumes can serve as the king of cryptocurrency. now bitcoin will still continue to show good price movements, so do not worry about bitcoin and can be used as an investment asset.

[lelangsabun]

Not really sure. But i think first introduction of crypto currencies is by bitcoin and not at all bitcoin is the highest rank price from any asset currencies after all

[sk700]

bitcoin is king in his kingdom. a king dominated his kingdom, as like bitcoin dominated others altcoins. secondly etherum is the heroine of kingdom.

[siddu67]

Of course Bitcoin is a king. actually Bitcoin is the most valuable investment. again it is the most valuable cryptocurrency too. people all over the world invest in Bitcoin the most. and day by day it is progressing more than any other coin. for all this reason Bitcoin is the king.