Bitcoin is the King ! Why ?

[reynald70]

No wonder bitcoin is the crypto king, With the increasing number of adoptions, international cryptocurrency regulations continue to grow. On September 4, Iran legitimized cryptocurrency mining resulting in the price of Bitcoin reaching a record high recently.

The Iranian government has accepted cryptocurrency mining as an industry and is now developing a regulatory framework for this sector, according to a report from the Iranian news agency IBENA.
Following the news of this agreement, Bitcoin (BTC) immediately stepped on the gas to the highest price of 1,020,000,000 rial Iran (~ $ 24,000 USD) on one of their local crypto currency exchanges. While BTC is still traded at a price of $ 7,000 in other exchangers outside the country.

Yes, it is true, now most countries in the world have opened their hands to accept bitcoin in their country, for example is the country of Iran that has received bitcoin mining. This is a good step for bitcoin going forward. And in Iran, 1 btc was around $ 24,000. So for the future, I'm sure bitcoin will dominate the Crypto world anytime.

[1715210124]

1715210124

[BigBos]

Well said. Yes BTC is the King. A lot of coins had tried their best to overthrow it at it's seat but failed.

the original is always better than the following products. bitcoin has the trust from investors like noone else on the cryptocurrency market.

well, of course because bitcoin is a cryptocurrency that has high value, and also great trust. besides, bitcoin makes a big effect on other altcoins, as the increase in bitcoin prices also affects other altcoin prices

[doodle07]

For me, bitcoin is the king because it is the root and it is the first, in addition to that its price remains at the top of the list. Many coins have been created, launch and made but bitcoin always shines above them all. Even if we talk about crypto currency, bitcoin has been always what we think first.

[withlove99]

What you say there are some issues not right.
Because now have a lot of new coins with more superiority than Bitcoin. I think Bitcoin is king in cryptocurrency simply because Bitcoin is the first product of block chain technology, and is known to be the first cryptocurrency coin.

[Bonnie113]

It can be said that bitcoin is the king of a coin, it is influenced by other Altcoin coins, Bitcoin itself is a huge financial market, and is not under government control, so of course The more attention is given when political changes take place.

[Nikolya]

At the time, the voiced idea and its embodiment led Bitcoin to the position in which it is now. Other projects should take this example.

[canej]

Due to the network effect and decentralization, bitcoin is much more successful than other coins. This of course does not mean that bitcoin will never be replaced by a more innovative coin.

[twoBTCchuck]

Blockchain is king, the rest is just details.

[cizatext]

The name bitcoin is the image of the crypto currency world because since cryptocurrency does not any physical value bitcoin as the mother coin has created a great image in the heart of the people and at that bitcoin has constantly performed that leadership role ever since it inception till this present moment.

[hridoyb]

Bitcoin is known as the king(father) of crypto currencies , 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.
Enough background, now on to the topic at hand.

1. Low Fees - Nowadays the average fee for BTC is under $0.5 that was a very good sign for adoption of Bitcoin on large scale. In late 2017 Bitcoin fee was very high around $15 and that time the model of Satoshi Nakamoto  is seems to be failed to transfer across the world with almost no fee but the fee is very small and one can easily make a transfer of $5 anywhere in the world.

2 Store of value - It's still a lot. Physical gold has survived wars and governments. Now we have it's virtual version(Bitcoin) that can't be falsified and is easy to carry and trade. Isn't it great?
Bitcoin is functioning as a payment system in Korea and Japan. I could even order food with it or pay the dentist nearby. It's fun to be using something nobody else does, it's a great talk at parties and a great speculative asset, just ask all those traders who made it their full-time job.

3. Lightning Network - LN is making Bitcoin more valuable. Small stores and companies accepting bitcoin using LN that was perfect for small transactions.


Mostly the name, the established brand, as well as the community. Currently people are using it as a safe haven during unstable times. Read what's happening in Venezuela and Zimbabwe. A similar thing was happening in China before the ban. People are using it to do everything the governments are trying to stop them from. Moving money out of the country, hiding income, buying banned goods and services, gambling. It's a rebel coin and the rebel in me is supporting it in full.

In addition, Bitcoin is more accessible, with more exchanges, more merchants, more software and more hardware that support it. Bitcoin is far more liquid, with much larger volumes than every crypto currencies. Bitcoin has the largest developer ecosystem with more software and more implementations than any crypto currencies. Bitcoin has the most entrepreneurs creating companies around it with a lot of intellect, dedication and creativity going toward making it more useful.
When you compete with Bitcoin, not only are you competing with its much larger user base, development team and mining operation, but you’re also competing against the very large ecosystem of startups, open source projects and entrepreneurs.

Yes, bitcoin is the king of cryptocurrency. You can see crypto market depends on bitcoin price when bitcoin get good news from other bitcoin and crypto market up and some its was moon. On the other hand when bitcoin get negative from other crypto markets down and bitcoin is the safer and secure than other digital currency and anyone cannot control their price. People can easily transfer their money one to another hide there identify

[happytakhana]

Bitcoin is the first crypto currency and take almost 51% of crypto market share and also all other crypto currencies follow only Bitcoin and it is also the future currency of world and very soon this will adopt as a payment system. So according to me these are the main reasons for Bitcoin become number one, and also to become a king of crypto world.

[iam_aayushiJ]

The size of bitcoin's private key space (2^256) is an unfathomably large no. It is approximately 10^77 in decimal. For comparison, the visible universe is estimated to contain 10^80 atoms.

[cpoer2011]

Bitcoin is the king of cryptocurrencies because it's the first cryptocurrency using the blockchain technology and now a lot of people using it in their purpose, the Bitcoin value is very high and also the most popular crypto in the cryptocurrency world.

[MRY]

in my opinion, bitcoin is king because bitcoin has the highest price among all coins and bitcoin is becoming increasingly popular, many people are joining and investing in bitcoin so the price of bitcoin will also continue to grow

[Brangos99]

Bitcoin is the king of all cryptocurrency. Because bitcoin has a very high price than other cryptocurrency, bitcoin is the oldest cryptocurrency, it has the largest community of developers and investors who support it for further growth.

[gatilocoin]

Bitcoin everyone heard, the most famous crypto, but it seems to me that success is that it is being traded to all crypto, this is the foundation of stability.

[wasaisi]

Bitcoin is known as the king(father) of crypto currencies , 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.
Enough background, now on to the topic at hand.

1. Low Fees - Nowadays the average fee for BTC is under $0.5 that was a very good sign for adoption of Bitcoin on large scale. In late 2017 Bitcoin fee was very high around $15 and that time the model of Satoshi Nakamoto  is seems to be failed to transfer across the world with almost no fee but the fee is very small and one can easily make a transfer of $5 anywhere in the world.

2 Store of value - It's still a lot. Physical gold has survived wars and governments. Now we have it's virtual version(Bitcoin) that can't be falsified and is easy to carry and trade. Isn't it great?
Bitcoin is functioning as a payment system in Korea and Japan. I could even order food with it or pay the dentist nearby. It's fun to be using something nobody else does, it's a great talk at parties and a great speculative asset, just ask all those traders who made it their full-time job.

3. Lightning Network - LN is making Bitcoin more valuable. Small stores and companies accepting bitcoin using LN that was perfect for small transactions.


Mostly the name, the established brand, as well as the community. Currently people are using it as a safe haven during unstable times. Read what's happening in Venezuela and Zimbabwe. A similar thing was happening in China before the ban. People are using it to do everything the governments are trying to stop them from. Moving money out of the country, hiding income, buying banned goods and services, gambling. It's a rebel coin and the rebel in me is supporting it in full.

In addition, Bitcoin is more accessible, with more exchanges, more merchants, more software and more hardware that support it. Bitcoin is far more liquid, with much larger volumes than every crypto currencies. Bitcoin has the largest developer ecosystem with more software and more implementations than any crypto currencies. Bitcoin has the most entrepreneurs creating companies around it with a lot of intellect, dedication and creativity going toward making it more useful.
When you compete with Bitcoin, not only are you competing with its much larger user base, development team and mining operation, but you’re also competing against the very large ecosystem of startups, open source projects and entrepreneurs.

Because bitcoin is the first coin that is known by many people until now and followed by several altcoins makes bitcoin a king in this crypto currency. Even because the daily circulation of bitcoin becomes a very salable coin in the crypto currency.

[h0lybyte]

Because bitcoin is the fundamental coin in crypto markets, people first come to know about bitcoin and later gradually read about altcoins by chance.
 People believe that bitcoin is well at resturning from huge downfalls, all this happens due to infinite support of people while no other assets in the market has such demand nowadays

[bxipp]

We all knowing bitcoin because it was the first ever crypto that has being made. It gain popularity from it anonymous transaction that made investors want to invest in bitcoin. Now bitcoin has being used in the whole world and being used for all exchanges.

[calandra78]

Bitcoin is the king of all cryptocurrency. Because bitcoin has a very high price than other cryptocurrency, bitcoin is the oldest cryptocurrency, it has the largest community of developers and investors who support it for further growth.

yes bitcoin is the biggest and oldest coin. it has a very high price, and it is a very popular coin, and many investors invest it, which is the reason why bitcoin is king.