Why bitcoin is successful? - this one statement sums it up!

[1Referee]

But the 1 MB block issue will ultimately be the currency's undoing.

The "issue" you're referring helps miners earn millions on top of the block rewards, which no other coin does.

Just Bitcoin's fees per block are consistently much higher than BCash's + BSV's ENTIRE block rewards. If you seriously think that endlessly increasing the block size is the path to success, you don't know much about Bitcoin's economics. There is an infinite amount of demand for free to almost free block space, while Bitcoin's block space is almost an asset on its own due to its scarcity.

BSV is going to raise the blocksize to 1GB this year. Fantastic upgrade with no one but Craig and Calvin using it. Next upgrade is 1TB blocks.

[blackhawkeye1912]

Bitcoin progresses due its designed encryption that until now no one has ever know. Who you gonna call to check if there will be developments and upgrades. The community makes it more secured as more and more users out there. But, the problems lie in the field where bitcoin is moving. The field is full of developers who have the common goal, to get rich.

[rdbase]

Its success can only be done with the people who support it and from the amount of people using it in their everyday lives shows this to be the determining factor of its longevity.
The other coins just looking at bch and bsv for example shows how not having authentic supporters can ruin a coins success in a very short amount of time.

[kawetsriyanto]

Why bitcoin is successful?

No head
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No employee
No PR agency
No Social media
No advertisement
No board meetings

I also think so.
Bitcoin is something simpler than others and there is no certain aim from a certain person to manage or control.
Bitcoin, with its simplicity but worth, can raise many cryptocurrencies.
During this time, many parties state that they can defeat or replace Bitcoin, but so far, none can do it.
Why? Because Bitcoin is something different, this is worthier than what we think, the trust is very important and BTC has this that much.

[ricardobs]

Yes it explains ,
Bitcoin  become successful because people trust it so much and loved Satoshi's idea.
We have seen so many crypto follow it's step and fails because it couldn't really be copied and the explanations give it all why they couldn't copy it .

Not actually the other cryptos are been copied as per you say but they run on the same network. Blockchain network is the home network to each such cryptocurrency which is been launched considering bitcoins. Bitcoins are turning much more stronger. In the late 2009 to 2010 there were few users who had some idea about bitcoins and with the growing time, the number of peoples supporting bitcoins grew up and until now we can see a vast support to the blockchain technology. Peoples always supports those things which could be profitable for them so I think that the choice peoples made would never go waste.

[Noilee]

Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?

We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.

The tweet says,

No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings

The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.

I don't think of anything better can be answered against those above mentioned questions! Want to beat it??

Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880

According to my understanding about it, Bitcoin is purely decentralized based system where its features was too unique, and it is most trusted by the community in the entire world, that's why lot of investors in the entire world embraced and supported it so much. Imagine its price was  kicked up very much without using any advertisement.

Thats why there are more and more people are interested and invested in bitcoin. The characteristics of bitcoin makes people attract and even if there are some others coins bitcoin is always preferred. Except for that its good for an investment and extra income.

[SirLancelot]

Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?

We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.

The tweet says,

No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings

The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.

I don't think of anything better can be answered against those above mentioned questions! Want to beat it??

Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880

Basically bitcoins were the first ever cryptocurrency launched to start the decentralized markets. The formation of bitcoins was a wise but cheap which did not cost much for promotion, etc. Bitcoins grew up old on their own and I do not really think that even satoshi was the one who made bitcoins more famous. Bitcoins are possessing various benefits and advantages of being with them which made a lot of peoples invest into bitcoins and that made bitcoins grow from $0.16 to $8500+ and much more to reach. Bitcoins were been created completely anonymously which did not left any tracks behind about the developers and just what was left behind was the source code and the programs which then emerged a lot of similar coins which are yet not comparable to bitcoins.

[Maslate]

That's the real deal with bitcoin, and therefore it's nice that the founder will remain anonymous.

Even some people will claim that they are the real satoshi but majority of us here does not believe, and even if there are bitcoin forks that will be created, majority of us here will still support bitcoin and that's the reason why it's still in the number 1 spot now, and it's also holding a huge dominant rate over the rest of the coins int he market.

[BitBite5]

Bitcoin was the first cryptocurrency that was created and all other coins tried to achieve such success but it didn't work. No other coin managed to rise the value so much from the moment it was created like Bitocoin and no other coin isn't so accepted and implemented in real life, people still trust it the most compared to other coins. I think that is the secret of success.

[sandra_1]

In my opinion - BTC is so successful because it is simply a really impactful brand and name. People have an impression that if it's so popular then it is trustworthy

[PDAngel]

Bitcoin doesn't have any administration/consulting expenses. no retiree health plan,  no liability, no overhead cost, no pension plan, no asset, Bitcoin will always be worth something and you can spend it easily and i think that is why bitcoin succeeds.

[kissme09]

Bitcoin can be successful because whales support it. People with economic potential, dreams of changing the investment trend of the world. Those who have created Bitcoin's success can be known as heroes of Cryptocurrency.

[iamike]

Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?

We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.

The tweet says,

No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings

The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.

I don't think of anything better can be answered against those above mentioned questions! Want to beat it??

Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880

Yes. It is because of its independency and no central government or person is regulating it. Bitcoin is a master of itself. I really like the answer. This should tell people looking for the downfall of bitcoin to step back. You have no person to contact to regulate it wrongly, no employee to do shoddy work to bring it's value down and the likes.

[izanagi narukami]

Decentralized concept is really attract people to join crypto investment world.
I can't see from any common investment type, there is no similar with crypto so they are the first of their kind and it's unique.

Every trader help each other to gather more attention around the world !

[Daniwahyu007]

Bitcoin was the first cryptocurrency that was created and all other coins tried to achieve such success but it didn't work. No other coin managed to rise the value so much from the moment it was created like Bitocoin and no other coin isn't so accepted and implemented in real life, people still trust it the most compared to other coins. I think that is the secret of success.

I think it's true that only bitcoin has experienced an increase, maybe because bitcoin, the mother of all crypto, and the belief that bitcoin can be applied in real life

[Maxon111]

Bitcoin and cryptocurrency in general is definitely the future. I really like the idea of earning money with the help of my computer. This money will allow you to pay for purchases or services anywhere in the world. It is really very convenient.

[Herros]

Because the number of communities in the crypto circles is increasing, merchants and online stores have received a lot of bitcoins as a means of payment. Because it is obtained by means of mining, some people refer to Bitcoin as a hidden digital gold. They believe in the future, Bitcoin will give a higher value than it is today. Consequently what?

Some people are willing to buy miners ' bitcoins at a higher price. Although only a few people, but the numbers continue to grow.

[Periodik]

Indeed! There is no one or nothing you can see controlling Bitcoin. There is no one or nothing from which Bitcoin took its direction or orders or whatever. Bitcoin is an idea. It is like an air, you cannot control it, you cannot hold it in your hands; it doesn't escape, it is simply free. And yet everyone is breathing it. And now you cannot avoid comparing it to our existing fiat currency. It is the complete opposite. No need to ask why people would prefer Bitcoin over fiat.

[diahsw]

Why bitcoin is successful?
Why no other crypto currencies are able to even come closer to it?

We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members.

The tweet says,

No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings

The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings.

I don't think of anything better can be answered against those above mentioned questions! Want to beat it??

Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880



Bitcoin is a payment tool made by programmers who act on behalf of themselves as Satoshi Nakamoto in 2009. Touted as the world's first digital currency, Bitcoin is a cryptocurrency whose system is supported by any operator, carried out with a peer-to-peer system or done directly between individuals without being done. Because of the other uniqueness of other currencies, Bitcoin also produces many unique experiences for its users and traders. Bitcoin has all been successfully mined, prices will continue to rise because the amount of temporary limited assets to these assets increases. The popularity of Bitcoin in recent years has indeed increased sharply making this digital currency the target of many people.

[BitHodler]

Completely agree with this, bitcoin and its nature being decentralized is really a big thing. No one is taking over or controlling over it. That's what makes bitcoin different from others.

No one has to take Bitcoin over in order for governments to get what they want and already have, which is an insight into your finances on centralized exchanges, and they can seize your funds if they find it necessary.

People keep saying that they like Bitcoin's decentralized nature and that banks suck, yet continue to use exchanges as online wallet, which is the complete opposite of what you seem to support.

A centralized crypto exchange is even worse than a bank because they are more easily triggered to block your account until you provide them more personal information, or they will remove you from their platform entirely.