Bitcoin is still the favorite choice

[wxa7115]

Bitcoin is, and will be for the foreseeable future.

Other networks are more susceptible to a 51% attack and initial high-staked investor muck-ups.

Bitcoin has the longest running history, which means that it is more likely to hold your wealth for a longer term. The variability of new coins have not proven themselves in their software, as you can see with even ethereum going through large forks. Even with bitcoin, I'd be concerned that developments over very long periods destroying wealth, but it is much less susceptible to this.

Bitcoin, being the first, needs a very, very good reason to fail. If it fails without a good reason, then every other crypto will too.

At this point it is obvious that bitcoin is going to always be the leader of this market, the advantage that bitcoin has is simply too great and instead of getting smaller it is getting bigger, now that does not mean that we could not have a use for some other coins in the future as long as they can do something better than bitcoin, but when it comes to being a currency and a store of value bitcoin is unmatched in this market and we could argue that there is in fact no asset or currency that can match it.

There are very few things that could affect bitcoin and all of them are unlikely to happen, for example a world wide disaster could happen that could send us back to the days before we had electricity but the chances of an event like this happening are so low that it is a waste of time to even consider it.

[Viscore]

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.

Bitcoin will always be the top choice of the people because for all obvious reasons. Bitcoin has survived through the tests of time and yet in the end, its still the king of all crypto and no other coin has replace its position. Athough its price is unstable, but  its price keeps recovering after every fall. And that made its even more profitable when it reaches another heights after its dump season.

With all these clear reasons, people has definitely put more trust on bitcoin rather than into altcoins even the fact that bitcoin is even more expensive and risky as an investment.

[Kasabus]

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.

Bitcoin is not all about profits that made
people more thrilled but having it as a currency that give us more convenience compared to fiat, is simply what people are also making bitcoin as a top favorite. When it comes to profits, bitcoin hits number 1 and we can also expect that bitcoin will be used as a global currency in the near future.

Bitcoin has definitely its own advancements towards others and as this years pass by, we can expect more positive developments for bitcoin not just in its price but more on its own adoption as a currency.

[ene1980]

Bitcoin is not all about profits that made
people more thrilled but having it as a currency that give us more convenience compared to fiat, is simply what people are also making bitcoin as a top favorite. When it comes to profits, bitcoin hits number 1 and we can also expect that bitcoin will be used as a global currency in the near future.

As a day to day currency Bitcoin is still a failure and we need more time to reach a time when we can proudly say that Bitcoin could scale and everyone is able to make day to day transaction with ease, how we are going to do that and when we will be reach that solution is still difficult to predict but we are in the right direction.

Bitcoin has definitely its own advancements towards others and as this years pass by, we can expect more positive developments for bitcoin not just in its price but more on its own adoption as a currency.

I am not curious about the adoption but the upgrades that are planned in Bitcoin this year, we are having some major changes and how it could affect the entire network for good is to be seen and that is the most exciting development i am looking forward than the value of Bitcoin.

[isaac_clarke22]

~

It is by many things and reasons. There are people that would be choosing it due to its market cap in CMC.
Its ATH from ATL. There would be people that would choose BTC just because it is mainstream in media and they would like to ride the wave the same way as those people that referred them to it.
Personally, I looked at Bitcoin as something illegal back then that's why I never chose to invest to it, then someone from my social circle corrected those misconceptions.

[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.

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.

I am sure there will be a solution to that because we can not depend on the existing energy so we need to search for other renewable energy to make bitcoin continue to grow. The price before getting a correction but now, the price starts to rise although not much and hopefully, the price can be able to back to $34k.

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.

Yes, I also predict that the bitcoin price gets down below $30k but hopefully, that will not happen. The bearish chart is still there, but I am sure the bullish chart will come soon and see bitcoin start to increase. Hopefully, we can have a chance to buy more bitcoin and make a profit later because the price will be up and down many times before the price can jump to the highest price again.

[Nightz]

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.

That has always been the same for Bitcoin. There were always a couple of core developers or contributors who had their personal opinion and tried to influence the protocol development. Take for example the fork caused by Roger Ver or when Mike Hearn left the boat as core developer because he was for another route than, I can't recall, another core developer. There are definitely interests and power involved for Bitcoin as well.

[Vishnu.Reang]

Yes, this is because bitcoin is till the favourite one , the main issue is that no currency ever is going to decrease or increase like that and it has the ability to make you a billionaire and give huge benefit in less time, that's why it is still the favorite.

I am not sure whether this is true anymore. Bitcoin has already attained an ATH of $62,000 this year. How much further it can go up? The total global wealth is around $400 trillion right now, and the market cap of gold is around $12 trillion. I would assume that the maximum possible appreciation for BTC it up to the market cap of gold in the next 5 to 10 years. That means a 20x increase from the current levels. A 20x increase in you assets, within the next 10 years is going to make you a billionaire? I don't think that is the case with the vast majority of the investors. They may become rich, but definitely not millionaires or billionaires (unless you already own a few hundred coins).

[Renampun]

...

no debate, Bitcoin is the most loved cryptocurrency in the whole world...

Bitcoin is already outside the heads of people in the world, they rarely hear about other cryptocurrencies but Bitcoin is always heard throughout the mass media. proud to be a Bitcoin holder.

[Desmong]

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

Bitcoin is the father of all cryptocurrency which can never be disputed looking at the journey from the very first day it was lunched till this present time that everything is becoming Rosy. Bitcoin had gone through some many hard times that even people were saying it would not survive the test of time. Here we are again seeing the price going down just like what happened in 2017 that beat below it average price. Bitcoin had always been the favorite and most anticipated coin in the world.

[AakZaki]

~snip~
Bitcoin is still the favorite coins of the whole crypto community and not to be stopping any time soon..

He is special. As the mother of all forms of crypto today she will continue to exist as long as the consensus on her special value continues to grow. So even though it has various drawbacks regarding scalability, and fees it will not be a problem as long as users still believe in BTC. Even if you think about it, this is a little difficult, but this is like paper money that has become a mutual agreement and everyone agrees. The difference is only in government institutions, not all recognize BTC as a means of payment or currency. In addition, if more and more people agree to this agreement, the special value will continue to grow and more people will be interested. That will make the value increase even more with a limited amount.

[randegibran]

for now we are in a dilemma about decreasing the price of bitcoin but even so we will remain optimistic in this business, because we as investors are very happy with this business process which is very open, when we want the selling process then we can sell it and buy again anytime even if we want, that's why bitcoin is still a favorite, because this is not only profitable but sometimes can also be detrimental, that's why this business gets a place from its fans

[swiftbits]

Bitcoin is a commonly used trading partner; it is either for investment or profit.
Due to huge demand and volume, it became usable and easy to liquidate.
Being the pioneer, trust is already built; there is no doubt that Bitcoin would be our favorite choice.

[nhaila]

even though the price of bitcoin is falling, and there are many negative posts about bitcoin, there are some big companies that no longer accept bitcoin, and china forbids bitcoin mining, but bitcoin remains the main choice, because bitcoin is the king of all bitcoins..

When bitcoin price falling a lots of negative posts crating in the cryptocurrencies market and people are fearing to invest more but it's a still popular cryptocurrency in the world cryptocurrencies market because Bitcoin remaining all time the best online virtual cryptocurrency.

[DarkIT]

for anyone who has already get  benefited from bitcoin, surely they will always choose bitcoin as their main asset, with negative news now it is an opportunity for them to collect bitcoin and aim to get maximum profit in the future

Many traders had bitcoin as a main assets. Because bitcoin play vital role in the field of cryptocurrency. Some people have more investment in bitcoin, untill you get a good profit. It`s essential one to inverse more percentage in bitcoin as compared to this altcoin.All traders opinion is to get bulk profot future.

[Vaskiy]

Yes, Bitcoin is the favourite choice for many for different reasons. In short we can state two things

• It has gained good trust and people believe in its growth than other cryptocurrencies.
• It has proven record, along with the real time usage than any other cryptocurrencies.

[ROSERTY]

Bitcoin has existed as the king of encryption for ten years. It has withstood the test of time and the market. Faced with various suppressions, Bitcoin has not been able to shake its position. With the development of Bitcoin and the high profits it brings to people, more and more new users begin to approve of investing in Bitcoin. Although more and more altcoins are appearing, people still feel that Bitcoin is more secure and reliable, and they are more willing to invest in Bitcoin.

[Caldear]

As Bitcoin becomes more and more well-known, Bitcoin drives the development of blockchain and forms a recognized value credit. Bitcoin can be traded online at any time, and trading operations can be carried out between different traders around the world. Based on the characteristics of decentralization and anonymity, Bitcoin has its own use value. Its potential value has attracted more investors. Bitcoin is also the most potential development in the future market.

[SacriFries11]

Yes because it is already established and much has been proven. Because bitcoin will be the future currency. There are already many users and many are willing to invest. Like banks, companies like Tesla of Elon Musk, they trust the technology of bitcoin. It has gone through a lot and it still remains strong. And even if it crashes a few more times, it still recovers surpassing previous all time highs.

[killerfrost]

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.

Personally, I have also spent part of my assets to be able to buy more BTC in the past. Despite facing a lot of bad news but I don't feel it's bad, I personally think the increase in demand has not yet reached the point of gaining traction. It may be growing by the day, but it is still a very small and easily manipulated market. However, no one forces you to follow it, each individual will have a way of contacting and implementing it in their own way.