safarabela
Jr. Member
 Offline
Activity: 353
Merit: 4
|
 |
April 27, 2018, 03:57:36 PM |
|
Why bitcoin is the most dominant among all crytocurrencies?
Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
Bitcoin is most dominant because bitcoin is the first coin to open the crypto gate, and bitcoin has managed to gain trust from the public, and it makes many adopt bitcoin. |
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
aleksej.rozhkov
Member
Offline
Activity: 238
Merit: 10
|
|
April 27, 2018, 04:15:08 PM |
|
It's simple, bitcoin is the first among some kind of crypto currency, and on its platform other crypto currencies are created, and this is the determining factor of domination
|
|
|
|
|
darkangel11
Legendary
Offline
Activity: 2352
Merit: 1345
Defend Bitcoin and its PoW: bitcoincleanup.com
|
|
April 27, 2018, 04:27:24 PM |
|
There are multiple reasons, even more than you've given OP.
The most important are that it's widely known and recognized in the field that's new and unrecognized as a whole. Maybe 1 of every 100 people in the world has heard of BTC and knows what it is, while maybe 1 out of 500 knows some other altcoins. I don't know the real numbers, i'm only estimating here, but I know people who are tech savvy and they know barely anything about BTC and completely nothing about altcoins.
|
| | .
.Duelbits. | │ | ..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE | │ | DUELBITS
FANTASY
SPORTS | ████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀ | .
▬▬
VS
▬▬ | ████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀ | /// PLAY FOR FREE ///
WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
|
karanggatak
|
|
April 27, 2018, 04:29:26 PM |
|
Because bitcoin is revolutionary of cryptocurrency/digital asset. bitcoin is the first to introduce blockchain technology because that bitcoin can have enormous value over other coins. if I say bitcoin is the mother of all coins in cryptocurrency so until whenever bitcoin will remain mighty in the world of cryptocurrency.
|
|
|
|
SMD.Shuvo
Newbie
Offline
Activity: 92
Merit: 0
|
|
April 27, 2018, 04:45:02 PM |
|
This bitcoin seems really very impressive to me. This bitcoin is the king of all coins. Bitcoin prices are much higher. It will gradually get bigger in size. Many people of the country have benefited financially using this Bitcoin. Even this Bitakayena's work has benefited a lot financially. It has changed my life. Because of this, Bitcoin has become very influential.
|
|
|
|
|
|
ir.yance
|
|
April 27, 2018, 06:25:51 PM |
|
bitcoin is more dominant because bitcoin is the first crypto currency created. many people know bitcoin rather than altcoin because bitcoin has a very expensive price so people are interested in bitcoin. in addition bitcoin is more famous because there are already countries that have received bitcoin as a valid payment instrument.
|
|
|
|
|
Xavierfr12
Newbie
Offline
Activity: 118
Merit: 0
|
|
April 27, 2018, 10:18:37 PM |
|
Bitcoin is a most dominant because bitcoin is a biggest crypto currency because this is the first crypto currency invented in the whole world.
|
|
|
|
|
|
nick_nick
|
|
April 27, 2018, 10:26:09 PM |
|
Why bitcoin is the most dominant among all crytocurrencies?
Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
Bitcoin is dominant among all cryptos because it is the pioneer in cryptocurrencies and the pace setter. Most people have trust and confidence in it and even people with little knowledge in cryptocurrencies think it all bitcoin when we talk of cryptocurrencies. |
|
|
|
|
Gen-8
Newbie
Offline
Activity: 169
Merit: 0
|
|
April 27, 2018, 10:36:49 PM |
|
Because Bitcoin is honest and real in developing its working procedures, as well as systems, as well as all of its programs.
Bitcoin has a target and also a dream to keep trying so that all its users and also the entire community in this world can be successful and also can feel happiness in their respective lives.
Bitcoin is becoming dominant today because there are already many people who have followed Bitcoin's work procedures, which they have felt and which makes them more confident of all these programs from Bitcoin for them to work and become the result of their fortune in the economy their respective lives.
|
|
|
|
|
Roadarks02
Newbie
Offline
Activity: 95
Merit: 0
|
|
April 27, 2018, 10:40:51 PM |
|
Bitcoins also known as crypto king is the oldest and by far the highest searched crypto coin in the market. People associate crypto and block chain with bitcoins. It gives higher value in returns than any asset class in the market. You can remain anonymous and no need to pay tax what more incentive you want.
Bitcoin is the most dominant among all crypto it is because Bitcoin development core is very strong team and it has a reputation. Economics behind forking and changing the algorithm allows the companies, other parties to profits. This is why Bitcoin become globally dominant currency. |
|
|
|
|
|
poldanmig
|
|
April 27, 2018, 10:57:31 PM |
|
Why bitcoin is the most dominant among all crytocurrencies?
Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
I think bitcoin is very popular and bitcoin is indeed the first successful coin to succeed in cryptocurrency and until now bitcoin remains the highest value and price compared to other coins that keep popping up, that's in my opinion |
|
|
|
|
killerfrost
|
|
April 27, 2018, 10:59:31 PM |
|
Because bitcoin is a digital currency. Bitcoin has high security. The bitcoin market is expanding around the world. Many companies, big corporations are investing in bitcoin. Bitcoin is strongly supported by many countries such as Japan, US ...
|
| SUGAR | | | |
██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | | | | | | | |
██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | ███████████████████████████
███████████████████████████
██████ ██████
██████ ▄████▀ ██████
██████▄▄▄███▀ ▄█ ██████
██████████▀ ▄███ ██████
████████▀ ▄█████▄▄▄██████
██████▀ ▄███████▀▀▀██████
██████ ▀▀▀▀▀▀▀▀▀ ██████
██████ ██████
███████████████████████████
███████████████████████████ | .
Backed By
ZetaChain | |
██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | | |
██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | | |
|
|
|
|
Jorge158
|
|
April 27, 2018, 11:00:27 PM |
|
I believe that the reasons you stated all are contributing factors to Bitcoin's dominance. In the Cryptoworld, Bitcoin is the most popular among them all. This, coupled with the fact that it was the first to come and that people trust that it can sustain for long makes people rather prefer buying Bitcoin to the others.
|
|
|
|
|
Nboramir
|
|
April 27, 2018, 11:04:41 PM |
|
I think because it is the first cryptocurrency and because being first it is most popular cryptocurrency. In every sector firsts are have great value but then most useful ones replace them.
|
|
|
|
|
stripewhite
Newbie
Offline
Activity: 50
Merit: 0
|
|
April 27, 2018, 11:08:20 PM |
|
Because of BTC's structure, lack of pre-mining and the fact it was the first into this space, BTC is by far the most decentralized major cryptocurrency. Nodes are running all over the world and this has created a highly secure network that has never been hacked. By contrast, when Ethereum got hacked, it ultimately rolled back ETH transactions, which showcases just how different (and centralized) it is compared to BTC. ETH founder, Vitalik, even promises to throw countries or their leaders off of the ETH network if they "do evil". Do you want a crypto where one person (Vitalik) gets to decide what it means to "do evil" and which transactions don't get to go through as a result?
Like ETH, many of BTC's competitors are centralized, which means there are fewer pressure points to be exploited by hostile actors. The CEO or founder could exit-scam, or release all the coins in escrow, or a nation-state could bribe/blackmail the person/ppl in charge into making changes to the protocol that benefit them, etc. With Bitcoin, there's no one in charge. There's no one person or hardware that it's too reliant upon. There are fewer pressure points, which makes it far more secure.
|
|
|
|
|
kotajikikox
Full Member
Offline
Activity: 2380
Merit: 207
★Bitvest.io★ Play Plinko or Invest!
|
|
April 27, 2018, 11:11:21 PM |
|
Why bitcoin is the most dominant among all crytocurrencies?
Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
actually bitcoin as first digital decentralized currency after introduce to the people about their quality importance how to invest in bitcoin and make money in the easy way because of the demands the price fast to increase in the market after many country accepting bitcoin as legal currency they help their people to earn money specially the unemployed people with have knowledge the new technology of computer science. |
|
|
|
Betheng10
Member
Offline
Activity: 238
Merit: 10
dApps Development Automation Platform
|
|
April 27, 2018, 11:15:12 PM |
|
Why bitcoin is the most dominant among all crytocurrencies?
Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
The 2nd and 3rd question is right. Bitcoin was the first coin introduced in the market and believed to be the pioneer of the innovation. It gained popularity afterwards because of its function to be used as an alternative for transactions. The question of being the current best, is now in question. |
|
|
|
javadsalehi
Member
Offline
Activity: 364
Merit: 13
|
|
April 27, 2018, 11:20:07 PM |
|
The most important feature of Cryptocurrencies are decentralization and anonymity. This is not only bitcoin has these advantages. There are many other coins better than bitcoin if you consider the transaction time and fees. So I think the popularity of bitcoin is the only reason.
|
|
|
|
|
|
orarider
|
|
April 27, 2018, 11:25:24 PM |
|
Bitcoin is the predominant digital currency today. Because bitcoin has high security. Bitcoins are trusted by many and invested in. Many countries like Japan, Korea are creating the best conditions for bitcoin activities. They want to make bitcoin an international currency.
|
|
|
|
|
Elrozaq
Newbie
Offline
Activity: 112
Merit: 0
|
|
April 27, 2018, 11:25:29 PM |
|
Why bitcoin is the most dominant among all crytocurrencies?
Is it because it is the first crytocurrency?
Is it because of its popularity?
Is it because of its value?
Please enlighten me.
many advantages of bitcoin, it is simple and secure. it cannot be compared by another crypto. Bitcoin is so popular and the king of crypto. |
|
|
|
|
|
