Bitcoin is still the favorite choice

[BillGoldberg]

I love Bitcoin, but it's not my favorite. Bitcoin is still the favorite choice because it's the face of cryptocurrency. I know, it's just a matter of time -- adaptation of crypto projects with real use cases like MATIC and ADA would become more and more popular. Also in DeFi gaming, people would then be interested in playing crypto games because they can play to earn and also sell their NFT, like AXIE, TLM and $ANRX

[ven7net]

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

Indeed, if you analyze the situation around BTC, you can see that this is the only cryptocurrency that was able to withstand all falls and give its holders the greatest profit. The one who already understood this, then buys and holds his BTC, because he knows that this particular cryptocurrency will bring him profit. BTC is like gold, it always has value.

[Rokon5]

Bitcoin is king of crypto currency. Everyone loves on Bitcoin because The reason is quite simple, Bitcoin is the most secure Crypto from other coins.At present price of Bitcoin is not good but it,s demand is very high.I think Bitcoin is still the favorite choice in crypto market.

[mrongoz22]

Bitcoin is still the favorite of many people because it's the oldest cryptocurrency in the market. That's why many people meet Bitcoin first when they enter the market and make an investment into it. I don't say that Bitcoin is the first choice of all the people of course. Especially experienced people look for different coins to invest into too.

it's true as you said, bitcoin is still the favorite choice, because bitcoin is the oldest of all bitcoins, that's why everyone is still interested in bitcoin, even though there are people who invest in other bitcoins, I think they all do that just to find extra ,but basically they only focus on bitcoin..

[CaVO32]

I think people will always look up to bitcoin first even if they want to invest to altcoins. Bitcoin is the father of all the coins so I think it is absolutely the favorite choice over the cryptospace. Also bitcoin will become the guidance when we look at the market price.

If you ask noncrypto users, if they know crypto - the first thing that will come up to their mind is bitcoin. Crypto is like synonymous with bitcoin for them. But if you start asking about other alts like eth, xrp and others, they are not very well-informed of other alts. Most merchants also are accepting btc as payment method as this is the top choice of most users. However, the truth is there are other alts with very cheap fees like TRX or XRP. But people are acquainted more of the existence of btc rather than other alts. It seems that they trust more btc even if it has quite expensive fees.

[ILuckyGuyI]

Yeah, Bitcoin is still the number one choice of so many people. People trust Bitcoin more than the other cryptocurrencies because it seems more credible as it's the longest lasting cryptocurrency in the market now. And especially HODLers prefer to invest into Bitcoin. There have been many HODLers who have got rich so far.

[tabas]

Yeah, Bitcoin is still the number one choice of so many people. People trust Bitcoin more than the other cryptocurrencies because it seems more credible as it's the longest lasting cryptocurrency in the market now. And especially HODLers prefer to invest into Bitcoin. There have been many HODLers who have got rich so far.

And there are also many holders that have lost their patience and faith in bitcoin and regret selling their bitcoin at the lowest. It's so far that no other crypto can beat bitcoin. It's been so long that many have discussed its possible replacement but there's no one that can be compared to bitcoin. They talk about how slow and expensive the tx fees but still it's still at the top and fees have became lower as they've complained about it.

[Mr.sprin]

for me personally bitcoin is the king of other alcoi so the king really deserves to be a favourite, why do i say bitcoin is king because i see every bitcoin price goes down all other alcoins also go down and vice versa if the price of bitcoin goes up the price of alcoin also goes up so i conclude bitcoin is the king, do you agree with me? give positive comments.

[Woodie]

Naturally this happens because of herd mentality and because you read about it or someone gave you a brief background and ended up saying something in the lines of bitcoin is the number one coin, you won't think twice upon hearing this... and all you will want is bitcoin.

But once you have spent some time knowing how the crypto ecosystem is built and how btc got to that spot....btc won't always be your favorite!

[Oilacris]

Naturally this happens because of herd mentality and because you read about it or someone gave you a brief background and ended up saying something in the lines of bitcoin is the number one coin, you won't think twice upon hearing this... and all you will want is bitcoin.

But once you have spent some time knowing how the crypto ecosystem is built and how btc got to that spot....btc won't always be your favorite!

You got a point but....

this isnt something like herd mentality but rather you can really see that there is really that main demand and it wont really be staying up on the peak spot if that just been driven with hype of something like that.

Its true that if you do look for some alternative then it cant really be denied that there are really some good altcoins in the market which is alternative to bitcoin which its obvious seeing on its name itself.

This market had been led by Bitcoin but we should always think about the risk that it can be possibly be replaced anytime soon.So it do really varies.

[Rabi3]

I think this is the first priority for everyone  . It will be always . Even when the bitcoin price cross its lower limit still it has the best market cap and demand in the market. That's why people call this a king of market.

Bitcoin started all this, it gave birth to cryptocurrencies, a lot of people who heard about crypto, the first thing they know is bitcoin, that's how it is, and if bitcoin price goes down everyone knows that others will too, it's like bitcoin is controlling the market, i think it will still be the favorite to a lot of people in the upcoming years as well.

[NeverSop]

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.

Agree, in addition, bitcoin is the origin of this market, in other words, bitcoin has formed a market, a modern blockchain industry as it is today. It must be supported in all forms along with the first decentralized legacy without any leader. If there is a leader, it is not free and easy to change according to the regulations. Bitcoin is separate, strongest security, unique!

[BaeSuzy]

No wonder if most of people still put most of their money into bitcoin because bitcoin is the pioneer for any other altcoins. Being the first in cryptocurrency it means a lot and most of the alts still following the bitcoin move. So no wonder if bitcoin still become the favorite. I personally, 70% of my portfolio is dominated by bitcoin and the rest is ETH and Cardano.

[Sayeds56]

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.

You said it. In deed, Bitcoin is King of crypto empire now and will remain in coming months and years because it is most De-centralized crypto and its supply is very limited, that is why it can potentially rise to Million Dollar as predicted by many crypto Market experts.. Ethereum #2 crypto is also good with very strong use case but its supply is unlimited and some how controlled by few people.

[ninkdwi]

I totally agree with you yesterday that China banned bitcoin but China's ban had no effect on big companies. The proof is that there are still big companies adopting bitcoin. It's proven that bitcoin is getting phenomenal and like you said bitcoin is a very good asset for the future.

I don't think it's like that, because basically due to the Chinese ban some time ago it caused a pretty decent decline because even with this Bitcoin experienced a pretty drastic decline, and to some extent it would affect these companies (who adopted Bitcoin).
but the reason they still survive is because they see the fundamentals of Bitcoin itself, because I, who is still an ordinary trader, really believe that Bitcoin will continue to grow, especially those who can see opportunities far ahead.
Besides that, now only China has banned it because there may be several reasons, which in fact we all know where the reason is headed. but a lot of countries whose economies are above average still adopt and don't ban Bitcoin for circulation that's why they still have a huge opportunity to develop that adoption

[Fredomago]

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.

You said it. In deed, Bitcoin is King of crypto empire now and will remain in coming months and years because it is most De-centralized crypto and its supply is very limited, that is why it can potentially rise to Million Dollar as predicted by many crypto Market experts.. Ethereum #2 crypto is also good with very strong use case but its supply is unlimited and some how controlled by few people.

Being limited in supplies and have a much wider scope of supporters, the price may go up without any limits, depends from how the law of suppy and demand works.

Though decentralized, that's  question lingering as most government are tracking users once they are going to exchanged it to their fiats.

You need to have your own understanding as you go further investing to this venue of investment.

[Cat91]

I think bitcoin demand will be never finished, people are now day by day getting more excited for bitcoin and now people are see dream with bitcoin. Because now many trader also start trade after see bitcoin market.

[Rigon]

I think bitcoin demand will be never finished, people are now day by day getting more excited for bitcoin and now people are see dream with bitcoin. Because now many trader also start trade after see bitcoin market.

Bitcoin still now popular cryptocurrency in the world but some countries already banned Bitcoin mining and uses i.e China republican countries already taken actions against bitcoin mining qns uses.

[iTradeChips]

I have gathered opinions from my colleagues and fellow crypto enthusiasts and we all agree that Bitcoin is still the choice of investment. If you come think of it, it has survived all the difficult problems it has faced all throughout the years. In my opinion, the times when Bitcoin is an unknown asset is over and many many people all over the world knows about it and wants to participate in it. You see that the price has been stable for the past months and did not fall down to the 20,000 range. That is showing how resilient Bitcoin is when it comes to price decrease.

[dimonstration]

I have gathered opinions from my colleagues and fellow crypto enthusiasts and we all agree that Bitcoin is still the choice of investment. If you come think of it, it has survived all the difficult problems it has faced all throughout the years. In my opinion, the times when Bitcoin is an unknown asset is over and many many people all over the world knows about it and wants to participate in it. You see that the price has been stable for the past months and did not fall down to the 20,000 range. That is showing how resilient Bitcoin is when it comes to price decrease.

It still have lots of future especially this pandemic wherein other investment like stock falls, btc rise. Soon being the future money it will be able to reach more ATH when the market recovers or when adoption happens.we see how it is able to conquer the market and arise among top companies when it comes in volume as most invested. Still risky but worth the wait. Lucky we are who was able to know btc early.