Why is Bitcoin in the highest level of trust?

[Yamifoud]

it can be said that bitcoin investment is a popular business in this century which makes many people flock to invest in the crypto world, especially bitcoin

Now, people already know the big potential of Bitcoin to raise its value constantly in the future. We can see the Bitcoin price history, it has been increasing very much since it was launched in 2009. At that time Bitcoin launched, it has no value, but now the price of Bitcoin can reach more than $60k. People are confident that Bitcoin to have a value of more than $100k in the future with the circulating supply is very limited and the demand always rises.

From scratch to something valuable, that is how we can picture the journey of Bitcoin. It slowly gains the trust momentum in which we can see that its price is also increasing. However, it was too sad to think that some just never give it like many countries are still having no support but instead, they banned and decline the freedom of their people to enjoy Bitcoin.
As this adoption will continue, it was expecting prices had come to pump as well. $100k, $200k, are quite possible, who knows right?

[ninabobo]

With Bitcoin itself, it's mostly the fact that you actually don't need to trust anyone. You only need to have trust that the code would work fine. In contrast to banks and finance platforms that can go bankrupt like you said, or can just straight off fuck you up if they wanted to.

With Bitcoin in contrast to other cryptocurrencies, it's simply the fact that Bitcoin has been operating for 10+ years without downtime(besides that one time very very early on). Whereas other cryptocurrencies are yet to prove their sort of "solidness".

True! Bitcoin has been the oldest and has been successful during the years so this is more reason it got so much trust, people has seen bitcoin go through bad times and still came out successfully, among it it's the first cryptocurrency so altcoins being in existence today is because of bitcoin.

In terms of volatility bitcoin seems to be less volatile compared to altcoins, it determines the movement of the crypto market, people feels it safe to invest in bitcoin than altcoins

[Bitstar_coin]

Btc has no central body or authority of control, everything is transparent and open to public view, every transaction and wallet in the network can be seen by anyone, tell me why people will not have so much trust un such technology, anyone and everyone is completely free to be part of the system, buy and sell as much as you are able, hodl for as long as you can, demand and supply determines the price, and anybody is free to be part of it, people trust btc because they have control over what they own, btc gives freedom.

[Desmong]

With Bitcoin itself, it's mostly the fact that you actually don't need to trust anyone. You only need to have trust that the code would work fine. In contrast to banks and finance platforms that can go bankrupt like you said, or can just straight off fuck you up if they wanted to.

With Bitcoin in contrast to other cryptocurrencies, it's simply the fact that Bitcoin has been operating for 10+ years without downtime(besides that one time very very early on). Whereas other cryptocurrencies are yet to prove their sort of "solidness".

Bitcoin does not need anyone trust or rating. Bitcoin had passed through many years of stress and survival and finally scale through this time, now that it had gone far I don't think their is any reasons of looking for numbers of trusts for it to keep moving.
Bitcoin is the boss of cryptocurrency and thereby, the trust is already guaranteed, which can not be compared to altcoins which existence happen as a result of Bitcoin dominance in the society attracting more development of new type of altcoins on a daily basis.

[AakZaki]

~snip~
which is far way more better than with bitcoin in terms of technicalities or utilities but still the people couldnt forget on how this revolutionary market had began because of this coin.

~snip~

One of the reasons is technical analysis through history that has happened before until now. History repeats itself and seems to have been agreed upon by many. Therefore it became one that some people believe. Coupled with many large companies, famous people have a role in buying bitcoins. In addition, technological developments predict that in the future, it is possible that there will be no more paper money because it will be replaced by digital money. These signs have already begun to occur and are developing.

[ReiMomo]

Being the mother of cypto currency, its value remained awesome from the beginning though it had many obstacles in the Beginning stage. Recent its ATH has drawn in so many investors into it. This says how people are open and confident enough to try crypto currencies.  And as all other cyrpto currencies follow Bitcoin's  growth, Everyone is investing in bitcoin. The demand and supply of bitcoin raises its trust and its value in the market. Word of mouth played a great role in it as well.

[Zedpastin]

Being the mother of cypto currency, its value remained awesome from the beginning though it had many obstacles in the Beginning stage. Recent its ATH has drawn in so many investors into it. This says how people are open and confident enough to try crypto currencies.  And as all other cyrpto currencies follow Bitcoin's  growth, Everyone is investing in bitcoin. The demand and supply of bitcoin raises its trust and its value in the market. Word of mouth played a great role in it as well.

It is not the mother of cryptocurrency there were digital currencies before Bitcoin existed this rose tinted glasses. Bitcoin is good but it is not good because it is the first cryptocurrency it is good because of the technical side of it.

[stadus]

Being the mother of cypto currency, its value remained awesome from the beginning though it had many obstacles in the Beginning stage. Recent its ATH has drawn in so many investors into it. This says how people are open and confident enough to try crypto currencies.  And as all other cyrpto currencies follow Bitcoin's  growth, Everyone is investing in bitcoin. The demand and supply of bitcoin raises its trust and its value in the market. Word of mouth played a great role in it as well.

Whether it will make an ATH or not, it will always draw the attention of the investors as bitcoin always remain the number 1 cryptocurrency in the market. No other coin has even close to bitcoin, now with a dominance of 44% over the entire altcoins, I guess we know how big the popularity of bitcoin is over the others.

[Viscore]

Being the mother of cypto currency, its value remained awesome from the beginning though it had many obstacles in the Beginning stage. Recent its ATH has drawn in so many investors into it. This says how people are open and confident enough to try crypto currencies.  And as all other cyrpto currencies follow Bitcoin's  growth, Everyone is investing in bitcoin. The demand and supply of bitcoin raises its trust and its value in the market. Word of mouth played a great role in it as well.

Whether it will make an ATH or not, it will always draw the attention of the investors as bitcoin always remain the number 1 cryptocurrency in the market. No other coin has even close to bitcoin, now with a dominance of 44% over the entire altcoins, I guess we know how big the popularity of bitcoin is over the others.

It's always bitcoin that will continue to dominate the market not just of its high value but definitely the big trust that investors and users put in it. And since we all know that its high popularity and its great potential to become a reserved currency are the keys for legal adoption, and i think we are close to reality soon.

Bitcoin will always be the king of crypto so even how low its bound to fall everytime its bear season comes, we always see it rising and recover again. This is the reason why we always keep keep our faith in bitcoin.

[Alert31]

Bitcoin does not need anyone trust or rating. Bitcoin had passed through many years of stress and survival and finally scale through this time, now that it had gone far I don't think their is any reasons of looking for numbers of trusts for it to keep moving.
Bitcoin is the boss of cryptocurrency and thereby, the trust is already guaranteed, which can not be compared to altcoins which existence happen as a result of Bitcoin dominance in the society attracting more development of new type of altcoins on a daily basis.

Trust is important even in a digital coin. How are you going to invest in a coin if you don't have trust that it can give you profit? Bitcoin become successful and valuable after more that ten years of existence because of peoples trust (demand) and because of the purpose why it was created by Satoshi. Bitcoin can be an asset and currency and people like it very much. It also help a lot of people during this time of pandemic that leads to gain more trust from the people.

[ik5656]

Bitcoin offers an effective method for moving cash over the Internet and is constrained by a decentralized organization with a straightforward arrangement of rules, in this manner introducing an option in contrast to national bank-controlled fiat money.1 There has been a lot of talk about how to value Bitcoin, and we set around here to investigate what the digital currency's cost may resemble in the occasion it accomplishes further far reaching reception. To start with, be that as it may, it is helpful to back up a stage. Bitcoin and other computerized monetary standards have been promoted as options in contrast to fiat cash. However, what gives any sort of cash esteem?

[Yatsan]

It is because among the existing cryptocurrencies in the market, Bitcoin have already proven its worth through the years that it have been into the crypto market providing safety and security on those people who have risked their funds on investing with it and have fruitfully gain profit from and it have shown us that despite of many circumstances it can still be able to bounce back to the top even if there are lots of negativities roaming around trying to pull down this crypto. With that, Bitcoin not just gain popularity but also it have proven people that it can be reliable and trusted.

[Ryker1]

It is because among the existing cryptocurrencies in the market, Bitcoin have already proven its worth through the years that it have been into the crypto market providing safety and security on those people who have risked their funds on investing with it and have fruitfully gain profit from and it have shown us that despite of many circumstances it can still be able to bounce back to the top even if there are lots of negativities roaming around trying to pull down this crypto. With that, Bitcoin not just gain popularity but also it have proven people that it can be reliable and trusted.

Well perhaps just because this currency is the pioneer in the market and that is all. Bitcoin has been proved its legitimacy for over how many years since then, and now, we saw some other statements that they regret why they sell their coin at an early stage and supposedly it becomes folded their profit for how many times. This means that bitcoin has been already proven and there is no doubt to put some trust than other cryptocurrencies and also it has proved that bitcoin is truly decentralized than the other one.

[Kasabus]

It is because among the existing cryptocurrencies in the market, Bitcoin have already proven its worth through the years that it have been into the crypto market providing safety and security on those people who have risked their funds on investing with it and have fruitfully gain profit from and it have shown us that despite of many circumstances it can still be able to bounce back to the top even if there are lots of negativities roaming around trying to pull down this crypto. With that, Bitcoin not just gain popularity but also it have proven people that it can be reliable and trusted.

Well perhaps just because this currency is the pioneer in the market and that is all. Bitcoin has been proved its legitimacy for over how many years since then, and now, we saw some other statements that they regret why they sell their coin at an early stage and supposedly it becomes folded their profit for how many times. This means that bitcoin has been already proven and there is no doubt to put some trust than other cryptocurrencies and also it has proved that bitcoin is truly decentralized than the other one.

The best thing about bitcoin is that its fully decentralized so we all have the control on it which is totally  different from fiat.  And yes, its pioneering in the market so its strong foundation has been tested already several times and still comes out successful throughout the whole 10 years.

So why do we have to trust any other coin? Maybe its more of diversifying our investments but still bitcoin will always come out dominating the whole crypto market even with the new coins arising today.

[Natalim]

Bitcoin does not need anyone trust or rating. Bitcoin had passed through many years of stress and survival and finally scale through this time, now that it had gone far I don't think their is any reasons of looking for numbers of trusts for it to keep moving.
Bitcoin is the boss of cryptocurrency and thereby, the trust is already guaranteed, which can not be compared to altcoins which existence happen as a result of Bitcoin dominance in the society attracting more development of new type of altcoins on a daily basis.

Trust is important even in a digital coin. How are you going to invest in a coin if you don't have trust that it can give you profit? Bitcoin become successful and valuable after more that ten years of existence because of peoples trust (demand) and because of the purpose why it was created by Satoshi. Bitcoin can be an asset and currency and people like it very much. It also help a lot of people during this time of pandemic that leads to gain more trust from the people.

Amidst the pandemic that we are facing today, most of the stores have been closed due to bankcruptcy and so lot of people have become jobless. And bitcoin just come right perfectly. Although its presence have been here for over ten years but its demand is now more acknowledge in this time of pandemic. It has offered a lot of jobs to people and good investments that can cover all their expenses in their daily necessities. So why would they still put their trust into another coins? When in fact bitcoin is definitely the perfect coin they all have been looking for.

[Mikayla Buckley]

Bitcoin is king!
The first cryptocurrency was Bitcoin, and the other cryptocurrencies were issued through Bitcoin. Their codes are similar. Some coins directly replicate Bitcoin technology.
When the price of Bitcoin increases, it can promote the development of other cryptocurrencies. When the price of Bitcoin drops, other cryptocurrencies will have an impact.
After so many years of precipitation. Bitcoin is the wind direction tower in cryptocurrency.

[RainbowKun]

Bitcoin does not need anyone trust or rating. Bitcoin had passed through many years of stress and survival and finally scale through this time, now that it had gone far I don't think their is any reasons of looking for numbers of trusts for it to keep moving.
Bitcoin is the boss of cryptocurrency and thereby, the trust is already guaranteed, which can not be compared to altcoins which existence happen as a result of Bitcoin dominance in the society attracting more development of new type of altcoins on a daily basis.

Trust is important even in a digital coin. How are you going to invest in a coin if you don't have trust that it can give you profit? Bitcoin become successful and valuable after more that ten years of existence because of peoples trust (demand) and because of the purpose why it was created by Satoshi. Bitcoin can be an asset and currency and people like it very much. It also help a lot of people during this time of pandemic that leads to gain more trust from the people.

Amidst the pandemic that we are facing today, most of the stores have been closed due to bankcruptcy and so lot of people have become jobless. And bitcoin just come right perfectly. Although its presence have been here for over ten years but its demand is now more acknowledge in this time of pandemic. It has offered a lot of jobs to people and good investments that can cover all their expenses in their daily necessities. So why would they still put their trust into another coins? When in fact bitcoin is definitely the perfect coin they all have been looking for.

The COVID-19 pandemic has caused severe damage to the economy of our entire world. In order to get out of the addicted economy, various countries can only stimulate economic development by printing currency continuously. Instead, it caused more serious inflation. This fact has awakened more and more ordinary people, and they have begun to choose Bitcoin to protect their wealth. Bitcoin is gaining more and more trust.

[Luke Briggs]

Bitcoin has been developing for so many years. The moment when it has gone through many times of almost returning to zero is still developing. This has been the test of time.
Through the epidemic. Many people have joined the world of cryptocurrency. For novices, Bitcoin is the most trusted cryptocurrency among all cryptocurrencies. Bitcoin is the symbol of cryptocurrency. He is the central pillar of cryptocurrency. All cryptocurrencies have only developed to the present because of Bitcoin.

[Srikanth Varma]

Many crypto. Much profit. Wow! The Dogecoin Foundation has been re-established, this time with some real star power in its leadership team, including Vitalik Buterin and Elon Musk.

The new manifesto announces four project values — being useful, personable, welcoming, and reliable — and reads, “We are developing a currency for the people, and we strive to do only good everyday.” Who's a good doge? he is.

The cryptocurrency market turned bearish, with the market capitalisation decreasing by 6.2 percent to fall below the $2 trillion mark to $1.96 trillion. The price of Bitcoin (BTC) reached $44,743 after shedding 4.73 percent.

Ethereum (ETH) slipped by 8.24 percent to reach $3,008. According to experts, Bitcoin is experiencing a sell-off, following its local high recorded on August 14 at $48,251. Institutional cryptocurrency investments have seen another week of consecutive outflows with a total of $22 million.

According to a report from CoinShares, the low investor participation could be due to the seasonal effects witnessed in other asset classes as well.

Coinbase has launched in Japan, in partnership with Mitsubishi UFJ Financial Group (MUFG) — one of the largest banks in Japan serving 40 million Japanese customers. Coinbase was founded in 2012 as an easy and trusted place to buy and sell Bitcoin.

At that time, the price of Bitcoin was $12. So they're not likely to be panicking at the past few days fall in prices!

[carrigan]

The thing that makes Bitcoin have high trust is probably because Bitcoin is believed to increase digital financial literacy. In addition, the use of Bitcoin is considered capable of optimizing foreign investment. This is supported by more efficient access, while reducing dependence on the US dollar. Even Bitcoin is believed to be able to suppress the rate of inflation. Assets can be a safe haven, especially during a pandemic. Moreover, developing countries tend to still find it difficult to contain the rate of inflation in the midst of a pandemic like today.