Bitcoin The King Of Crypto

[BlackFor3st]

Bitcoin is dominating almost all the other crypto currencies out there for several years already so there is no doubt that btc is the King of crypto currency right now and there is a big chance that it will continue to dominate the other currencies in the following years.

But if in case in the future there will be other currencies that will replace the Bitcoin as the King then it will be very interesting to see how it will going happen.

[Majharul Saiif]

No doubt Bitcoin is the king of crypto currency. Now a days crypto currency is much more popular for Bitcoin. Bitcoin price can't predict surely and it price is high rather other currencies in the world exist. There are many reasons for which BTC can be said as the king of crypto currency

[giantrobot]

10 years of Bitcoin has always kept No. 1 in the electronic money system, although its technology is obsolete.
Through the chart above, I found the amount of electronic money too much, and really growing too fast. However, no other cryptocurrency has the ability to hold the market like Bitcoin.

[Golftech]

10 years of Bitcoin has always kept No. 1 in the electronic money system, although its technology is obsolete.
Through the chart above, I found the amount of electronic money too much, and really growing too fast. However, no other cryptocurrency has the ability to hold the market like Bitcoin.

Being the first being trusted to this industry is one of those big factors why bitcoin still at the top, most of those investors still believes that bitcoin can continue bringing good outcome, though there's already some crypto coins which also giving decent profits but the bigger dominance still for bitcoin,
even in this volatile market bitcoin still showing huge supports from many investors around.

Still the best coin to hold whatever  season's are ongoing from this market, keep being positive.

[ansarose1]

It's definitely the king of crypto and greatest of all time in terms of price value and volume for trading. Bitcoin dominates the market as no other altcoins could be as it is. Cryptocurrency get to be known it is because og the popularity of bitcoin brings, and i think bitcoin goes better and better even a decade of time has already passed.

[Vishnu.Reang]

I guess most of the altcoin promoters have dumped their holdings and exited the cryptocurrency market. If you check the altcoins outside the top-10 list in coinmarketcap, you can see that the development activity has almost stopped completely. These guys profited from the altcoin bull run in 2017-18, and now they have vanished with all the money they could accumulate by selling their shitcoins.

[Little_king]

Bitcoin will ever be the king as the starting point and leading point in crypto today , the market has really got the bearish which makes most of the coin and token so low compare to 2017 rate and with the situation at hand many will boom when the market recover again as btc need to lead for example but the market is yet to stabilize.

[xvids]

I think there is no need to debate about this we all know and agree that it would always be the King of all crypto for a very long time.
There isn't alt-coin right now that could take over or surpass it so we could stay still and continue to hail the king of all crypto (Bitcoin).
Even in the crypto markets darkest hours Bitcoin is still sitting on the top list.

[almightyruler]

This chart is showing you the top 200 coins performance against bitcoin. It's clearly who is outperforming here. Bitcoin is the king of crypto. Alts got rekt specially when bitcoin made a move like Jagger on the 1st April. But that wasn't april's fools day! Or was it?

source
https://twitter.com/woonomic/status/1161320822344179720

I think this chart is a bit deceptive without context. It appears to be an index, which means that all coins (including Bitcoin) will by definition converge to a value of 1.00 at the extreme right of the chart. The price of each coin on the 13th of August 2019 (or thereabouts) is normalized to a reference of 1.00, and the prices of preceding days are shown relative to that reference.

Since the reference point is the middle horizontal line, one side of the chart (presumably the more sparsely populated bottom area?) will show coins that have actually made a substantial improvement to August 2019. This means that those which were hovering below 0.10 had increased in value by more than 10 times at the time the chart was generated.

[Reid]

First time I saw a chart like this.
At first glance I thought it was a whack.
Then suddenly, while looking deeper I saw it.
Yes it had a great look. Bitcoin though cannot be just dumped in a bit of time. It just show how much trust it is getting from the people. Altcoin had been sold for bitcoin, that is what likely happened from the recent pump.
Though they say it has not much usage but its popularity is still rising. Being the first have its good effects.

[almightyruler]

The dotted line is the Bitcoin price, but I'm fairly sure it's listed solely to reference time (ie showing a particular change in BTC value causes some trend for the rest of the chart members). It doesn't mean, as the OP has implied, that other coins were faltering around the middle whilst Bitcoin went up and away past everyone else. If Bitcoin is part of the index, it would have ended up in the middle (at 1.00) just like the other coins. The dotted line is a complementary overlay, not a part of the 200 coin index. The chart is interesting, but IMHO misleading.

[SquallLeonhart]

from this chart, I conclude, do not ever invest in altcoin for the long term because altcoin the longer it is held, the more its value will be lost, in contrast to the bitcoin that keeps its balance.

Naturally, altcoins are just alternative to bitcoin, and since they are alternatives, they are meant to really be used temporarily, they cannot really serve as store of value, so there is no point to just continue to hold them, with altcoins, juts buy, and sell anytime you see profit because they are the most unreliable coins I have ever seen.

Altcoins are reason why a lot of people have lost their fund to the cryptocurrency market nit bitcoin, bitcoin challenge is only with hacking, hackers could hack someone’s bitcoin and that is the problem with the owner of the wallet for not protecting the wallet very well. If we are to consider any coin to hold for a long term investment at any time, it should be bitcoin, and maybe Ethereum being the king of alts.

[Reatim]

Nice chart mate you have bought how Bitcoin really dominating the market even when the dump is happening .no wonder why I believe that Bitcoin is the king of all cryptocurrency

i value bitcoin alot and as a matter of fact, i am moving all my fiat currency to bitcoin, the chat is an evidence of the future of bitcoin, anything can happen to the crypto world either good or bad, the good integrity of bitcoin  remains

Yeah I believe that crypto is the best investment material but I disagree on putting all your fiat into single investments.i advice to you diversified not because of something bad for bitcoin but this is a assurance of keeping safe if ever thing don’t come your way

[shushu9977]

If 200+ coins are transcend bitcoin, I will always support bitcoin, the king of crypto-currencies all time. From the beginning, bitcoin is always holding it’s top position (though btc has faced worst or best time). Here 200 coins are performed Very well and holding a good position, that is very positive and great news, happy for that, but I still believe on Bitcoin.

[Finestream]

As a crypto coin that has a running product, the Bitcoin network.

Definitely that's the only product of BTC which is very unique compared to most coins, it does not have to improve or anything because people have already accepted that Bitcoin will be the same system from the start til the end.

At this time, there's a lot of good coins already that has a better system compared to BTC, but look at where they are now, they can't even compete with  BTC, and in fact, BTC dominance has increase a lot this year.

[BitHodler]

Though they say it has not much usage but its popularity is still rising. Being the first have its good effects.

It has plenty of speculative use, but very little as currency, which isn't really that surprising with how it's not a good currency because of its lack of scalability and volatility, but also because people don't want to spend it.

If you want people to use something as money, it shouldn't be scarce and it should be something that you get a stable amount of each and every month, which fiat perfectly does, but crypto in general totally not. Crypto isn't even close.

I'm incentivized to spend fiat because I know it loses value. By spending I'm voting with my fiat against fiat because I value the goods that I buy with it over the asset itself. With Bitcoin I'm voting too, but by not spending it.

[kawetsriyanto]

If bitcoin collapses, the whole crypto system will collapse

So far, it applies to the correlation between Bitcoin and Altcoin prices. I don't know if Bitcoin disappears, then Altcoins will disappear as well. We know that altcoins are backed up by some big companies, as long as the community trust to the coins, I think they can survive even if no support from Bitcoin. At least, I see a chance for them to survive. So, it is too early saying "crypto system will collapse if Bitcoin collapses".  

[Menawi12]

If bitcoin collapses, the whole crypto system will collapse

So far, it applies to the correlation between Bitcoin and Altcoin prices. I don't know if Bitcoin disappears, then Altcoins will disappear as well. We know that altcoins are backed up by some big companies, as long as the community trust to the coins, I think they can survive even if no support from Bitcoin. At least, I see a chance for them to survive. So, it is too early saying "crypto system will collapse if Bitcoin collapses".  

If bitcoin disappears, in my opinion maybe the cryptocurrency market will collapse. There may be an altcoin that survived but surely the price fell very deep because investor confidence collapsed. Bitcoin is one of the factors why the cryptocurrency market exists and why projects are created based on the blockchain principle.

[SquallLeonhart]

If 200+ coins are transcend bitcoin, I will always support bitcoin, the king of crypto-currencies all time. From the beginning, bitcoin is always holding it’s top position (though btc has faced worst or best time). Here 200 coins are performed Very well and holding a good position, that is very positive and great news, happy for that, but I still believe on Bitcoin.

The gap between bitcoin and those 200 coins you mentioned is not even near for them to really have a system better than bitcoin, all those promises of doing something better tan bitcoin is just a way for them to attract users and investors to their market, but it is not about attraction, it is about sustenance, that is why many of them are not able to sustain their user because they go there and find out that those coin are not really given according to what was initially promised to them.

Bitcoin still remain the only coin that has fulfilled everything that as promised to us, it is now left for us to embrace it and use it to the fullest, bitcoin remains the only coin that even government would like to have a thing to do with at any time.

[almightyruler]

The graph once again shows that no coin is able to withstand Bitcoin in the long run. For me, there is only one reason - Bitcoin has the highest trust among the crypto community and therefore it is top 1

I disagree. The graph simply shows that coin value (any coin) is volatile. That dotted line does NOT mean that Bitcoin is breaking out when compared to all coins. The graph is misleading.

Seems to be a lot of confirmation bias in this thread:

https://en.wikipedia.org/wiki/Confirmation_bias

https://hackernoon.com/investing-and-the-danger-of-confirmation-bias-8c39fced31bf