Bitcoin is still the favorite choice

[kaggie]

We're all in this space, and we're all talking about it well, but if you go out and look at other markets, crypto is still too small. But I think all of us who got into this market early have a huge opportunity to build something for ourselves.

Case in point, the January "double spend".  https://fortune.com/2021/01/22/bitcoin-price-double-spend-rumor-btc-usd-30000-blockchain-what-is-double-spend/

It seems like this sort of thing would be more common if bitcoin was in more regular use as a full core node. It's a very simple mistake that could be made by any user.. 

It points to me that bitcoin isn't in common use without third party vendors, which intuitively makes sense due to the currently high transaction fees.

[yazher]

Bitcoin has indeed faced diverse critics and major treats by world powers because it has treatened the financial system of the world but be it as it may the beautiful thing about Bitcoin is it decentralization and it's peer to peer transactions which even attracted more investors from across the world making it more acceptable by even non Crypto agencies, how ever by 2029 we should be expecting a new phase of Bitcoin technology with massive volatility and capitalization

Last time the critics was it is involve in some kind of illegal activities where criminals used it to hide their transactions. where in reality bitcoins has nothing do with that and only those people who used it as a props. nowadays, things like that has been already clarified and more likely these existing critics will be erased if the truth will come where every negative things they related to bitcoins are nothing but lies. Therefore, if you are news to this industry, you always check first why until now they still choose it and nothing has been change since then. the price is still increasing and most of the time you can people will get curious and will also join the league on investment.

[Rajamuda]

It is a favorite choice because the strongest will remain in a more prominent role and more visible certainty in terms of profits that can be obtained. The more interested, the higher the chance it generates a high price, well it's like points on bitcoin as a crypto leader.

[Kez1817]

As the first digital currency that become popular and valuable, no doubt that it is still the favorite choice of all after more than ten years of existence. After all, the adoption of bitcoin keep on increasing despite of FUD's and criticism. This is the a proof that bitcoin will become more and more interesting part of crypto.

[ChiBitCTy]

I think that you raise a very valid point here.  Bitcoin being first gives it a major competitive advantage, there is no question about that.  It's important to remember that due to being first, it has the "early movers advantage".  It's also important to remember that because it was first, it has been battle tested unlike any other coin has.  Coins such as bitcoin cash and others like to say that they have a much cheaper and fast blockchain, and that is true, but what they don't mention is that none of them have every had nearly the type of inflow and outflows that bitcoin has.  It truly has been battle tested.  Sure there are test-nets, but until a coin has actually had that type of flows, it's all conjecture when it comes to talking about how well it would hold up.

[Fortify]

An important reason for Bitcoin's popularity is that it has withstood the test of time. No digital currency has experienced so many ups and downs like it. It has been discussed many times around the world, and  tenacity of its vitality also proves its value from the side.
Moreover, Bitcoin is the most widely-consensus digital cryptocurrency, and it has a strong international circulation. The total amount of Bitcoin is constant at 21 million, and it is halved about every four years. It is scarce. In addition, Bitcoin is a peer-to-peer transaction transmission, free from the intervention of various institutions, and can circulate around the world. You can send your Bitcoin to any corner of the world. Coupled with the fact that Bitcoin has higher returns than gold. Digital currency or encrypted assets represented by Bitcoin is the general direction of the development of the entire financial industry.
The great investor's enthusiasm over Bitcoin is based on its overall progress during last decade, it is proven only crypto asset that surpasses the expectation of investors and breaks the previous record highs. And bitcoin has been presented to the world to comply with the general trend of economic globalization.

https://medium.com/cryptocurrencies-ups-and-down/bitcoin-is-still-the-favorite-choice-598d15fde96f

You're definitely right that Bitcoin has been around for the longest, because of course it was the first to showcase and use the blockchain technology. I think the big mistake that Satoshi made was underestimating the popularity of Bitcoin and putting a hard cap of 21 million on it. The idea of stopping inflation with what looked like a huge number in circulation was great and certainly helped build the popularity in the early years, but it is now proving to be a bit impractical in some ways. Every day more and more Bitcoin gets lost - as we saw with John McAffee and Micrea Popescu who died suddenly, making large amounts inaccessible. While it is good for raising the price short term, in the long term it is going to cause Bitcoin to lose some appeal and actual practical functionality if we are left with an ever diminishing pile of available coins.

[TribalBob]

since I got to know bitcoin, it's true that bitcoin has become my favorite coin , maybe the whole world, people who are struggling in the crypto world, must have bitcoins in their personal wallets, even though the news circulating is often negative but with negative news people start to find out what it's bitcoin and buy it

[Dread Pirate Roberts]

There are many reasons why bitcoin will always be main coin in market. bictcoin pioneer in crypto. had a large and strong community.  had possibility of higher prices than today, although there are many new coins with better features but I don't think anyone will be able to surpass bitcoin. and also many altcoin and project also depending on bitcoin.

[Slow death]

Of course bitcoin will always be the best option even when it has high transaction rates and the reason is precisely because altcoins have creators and it is the creators that determine the direction of the altcoins, in the case of bitcoin Is the community that determines its direction... so this creates more confidence in investors, not to mention that bitcoin has many rich and ordinary people who bought and talk openly about this fact which encourages more people to buy and follow in their footsteps.

[arwin100]

There are many reasons why bitcoin will always be main coin in market. bictcoin pioneer in crypto. had a large and strong community.  had possibility of higher prices than today, although there are many new coins with better features but I don't think anyone will be able to surpass bitcoin. and also many altcoin and project also depending on bitcoin.

This is the first one created and the most adopted coin among other so its not surprising to see that bitcoin still the main favorite of all people, also if we talk about cryptocurrency bitcoin name will also came first to our mind thats why we can say all this things for bitcoin. The one I hope now is to see more great adoption so that we can see the price pump back again for sure the adoption rate when that time came will increase again.

[btc78]

We're all in this space, and we're all talking about it well, but if you go out and look at other markets, crypto is still too small. But I think all of us who got into this market early have a huge opportunity to build something for ourselves.

Why need to tackle about the past when we cannot do anything about this but to move on and do it right now?

You are just making things feels bitter when someone does not afford buying in the past when there are still chances to invest in today.

But yes , Bitcoin is still the favorite coins of the whole crypto community and not to be stopping any time soon..

[ten seventy]

obviously why would it will become @35K $ if it is not a good choice? Definitely many and more people will going to join bitcoin and many can.benefit to.it. Will let just wait and see what will going to happen in bitcoin.

[ipanks]

obviously why would it will become @35K $ if it is not a good choice? Definitely many and more people will going to join bitcoin and many can.benefit to.it. Will let just wait and see what will going to happen in bitcoin.

Hopefully, they know that bitcoin prices have high volatility and that can flow to any price. If they are ready with that, they can join in bitcoin but I guess only some people can be ready for that and the rest will worry and panic if they see the price is down a lot.

The price now is down again to $33,500 after reaching $36k. It seems the price will make another correction and hopefully, the price will not go low than $30k. But the trend is down in the daily timeframe, so we need to make a strategy to face the worst situation.

[Ararbermas]

 Correct those people who don't like bitcoin are blind and some of them are promoting a useless project in the market, like elon musk with his shitdogecoin and see what's going right now he wants to see a improvement in bitcoin? Lol
so stay away if you see some people posting nonsense and making comparison with  bitcoin and other cyrpto currency especially if they're sharing negative information because they are fool..

[Shenzou]

I don't think that bitcoin will ever reach the point where it is used as a global currency, as a way to for microtrasaction and on the day to day bases bitcoin has a lot of problems, considering high fees and long transaction time, it is true that bitcoin has and is facing a lot of hardship and still it is the best investment out there but only as an investment and for it to reach the point of becoming a widely used currency a lot needs to be chnaged about it.

[dark1234]

obviously why would it will become @35K $ if it is not a good choice? Definitely many and more people will going to join bitcoin and many can.benefit to.it. Will let just wait and see what will going to happen in bitcoin.

Hopefully, they know that bitcoin prices have high volatility and that can flow to any price. If they are ready with that, they can join in bitcoin but I guess only some people can be ready for that and the rest will worry and panic if they see the price is down a lot.

The price now is down again to $33,500 after reaching $36k. It seems the price will make another correction and hopefully, the price will not go low than $30k. But the trend is down in the daily timeframe, so we need to make a strategy to face the worst situation.

bitcoin is still the prima donna in the market and a price benchmark for others even though the value of bitcoin is still not stable and most experts are worried that its enormous energy use will make it fall or vice versa with the start of a lack of bitcoin supply based on the code, only 21 million bitcoins can be mined , where so far, more than 18 million Bitcoins are already circulating in the market.

[Luzin]

The price now is down again to $33,500 after reaching $36k. It seems the price will make another correction and hopefully, the price will not go low than $30k. But the trend is down in the daily timeframe, so we need to make a strategy to face the worst situation.

Many predict the price will drop to $20K. But as long as it is reasonable then it is an incident that is repeated in the previous period. The price of $ 30K is a strong support I hope it doesn't break either. But let's see because the bearish chart is still happening.
Regarding being an option it is a deal that happens imagine if there is not then I am sure BTC will be destroyed. The skyrocketing value is also an attraction in itself, if the price goes down it is an opportunity to add back.

[Yatsan]

Many people will also really tell that Bitcoin is still their top most choice among the other existing cryptocurrencies in the market and that is because of many obvious and observable things present with Bitcoin. Many people have already realized its worth and value compared to the old times that makes people wanting to obtain even a part or a single Bitcoin into their accounts. Bitcoin have provided many benefits to those who have them which eagers many people to also have the same thing that boosts up into Bitcoin's popularity and raise in the demand due to the reason that almost everybody's first choice upon entering the market is Bitcoin.

[uneng]

Another crypto currencies don't have bitcoin's potential because they are biased. There is always a developer individual or team behind altcoins which have personal interests that could lead to blatant manipulation. With bitcoin it's different because the original crypto currency gives the impression it was created for a more idealistic loyal purpose by its creator Satoshi Nakamoto, who wasn't solely focused in financial gains, but mainly in financial freedom.

[CryptoStar19]

The crypto market is largely part of Bitcoin, but there are thousands of other cryptocurrencies. For Bitcoin maximalists it is clear: Bitcoin is and will remain number 1 and Altcoins are just bad copies. With Altcoins, big profits are possible at best, but they are more for speculation. Bitcoin is there to advance acceptance and many altcoins destroy it again. There are enough examples. If there were only bitcoin, it would be a completely different market.

Bitcoin was born out of the open-source movement... that eventually there would be many copies and iterations was unavoidable. But ultimately this is a good thing: the market will determine over time what endures and what doesn't survive.