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Author Topic: Why is Bitcoin in the highest level of trust?  (Read 1939 times)
Desmong
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August 21, 2021, 01:20:34 PM
 #101

Now days bitcoin is more successful and popular  and something which make more popular bitcoin like many transection do with bitcoin also many companies accept bitcoin payment so that's why bitcoin have a high level of trust
Bitcoin had been in existence for long now and no other cryptocurrency can be compared to it increase it level of trust attracting big firms, companies and individuals to patronize it without have any moment of doubt. Bitcoin had been more successful since the time it was established till now that many have seen the potential it has. Those who do not still believe in Bitcoin have there self to blame for their ignorance and lack of insight to know what is real and what is not.

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August 21, 2021, 04:20:05 PM
 #102

People had given a high level of trust to Bitcoin because it was proven already that could give you a decent profit from investing. People risk their money as they know and believe that they don't lose their money in the future but instead seeing it growing. Honestly, nobody has to spend million dollars if they never see this thing or having such trust but people have and it was a great decision been made.

So the question is why not? Anyways, it wasn't regretting those who never trust as it was their choice but this was a great opportunity for those who have decided to take the risk.
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August 21, 2021, 06:20:05 PM
 #103

During investing any kind of cryptocurrency, we are confuse whether to invest in those currencies.But in case of Bitcoin, there is no worry at all. Because Bitcoin is the pioneer of all online currencies. So that's why Bitcoin in the highest level of trust.
 And from the begining of bitcoin, there is no trust issue to anyone. As bitcoin stays for the long time, it will not betray us.

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August 21, 2021, 09:20:51 PM
 #104

A good explanation why bitcoin has the highest level of trust. First, it existed longer than the other cryptocurrency. Many people have used the bitcoin already and then later on the altcoins and other coins existed even more new ones being launched successfully. When you have bitcoin, you can make your own decisions on what you want to do as long as you have the credentials of the wallet like the seed phrase or private key.
^ Just because all altcoins were forked to BTC and that is we called them altcoins, an alternate coin to BTC.
As a pioneer coin in cryptocurrency that has proven and tested that it is purely decentralized and nobody control it, that is how people trust BTC by using in a different aspect which is how useful BTC is. As we can see, all big institutions were now accepting BTC as a secondary currency which is good for investing or alternating currency. Nevertheless, because of this trust, many crypto enthusiasts believed that BTC is good for storing value and now they are hoarding on it.
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August 21, 2021, 09:46:49 PM
 #105

I think the only and most logical reason for the highest level of trust of Bitcoin is, it is a fully decentralized crypto. There are no other decentralized crypto like Bitcoin. Unlike other cryptos, no one has control over Bitcoin. So you are free to use it, control it.
Besides, Bitcoin is acceptable in different sector. We can freely use Bitcoin as a payment method. It's not only payment method but also good investment. Many people are getting huge profit from it.
Some make huge profits on it because they are good in investing, some bought bitcoin when the price is still very cheap and they held until now. Imagine if you buy bitcoin at $3k each, it's already more than x10 profit now, and it's easy to make a profit as all you do is buy, secure the coin and hold it for the long term.

There's a reason why people are buying, and one main reason is the increase in adoption which would result in to increase in demand as well.

For payment method, it will only be more successful if there's a worldwide adoption, and it's best when sending money in different country as you don't need to use the international remittance center that charges enormous fees.
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August 22, 2021, 09:44:51 PM
 #106

Bitcoin is has the highest level of trust because, Bitcoin is the foundation of crypto and all other altcoins, the trust in bitcoin is as a result of it being in existence for a quite long period of time. Currently bitcoin is in control cryptocurrency market which comprises of other altcoins. Moreover Bitcoin is adopted bay many institutions for payments and also bitcoin is accepted world wide for exchange of goods and services, he trust is more than other altcoins.

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August 22, 2021, 11:49:14 PM
 #107

Besides, it has popularity allover the world and it so powerful crypto currency. Who are involved in crypto currency, are known about bitcoin and the uses of bitcoin. Many people are making huge money by the help of bitcoin and another reason is bitcoin is a decentralized crypto currency.

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August 23, 2021, 02:41:31 PM
 #108

In my opinion, one of the reasons for the high level of public confidence in Bitcoin is the issue of transparency in the economy. I think bitcoin can bring honesty and economics together and reduce the oppression of capitalists around the world.
That is why I respect Bitcoin as a global currency.
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August 23, 2021, 06:19:12 PM
 #109

Financial processes are dependent upon mutual trust between all parties involved. The means through which bitcoin and similar cryptocurrencies create trust is through a network-based ledger known as a blockchain.  Roblox Guides get-mobdrovip.com
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August 26, 2021, 12:32:27 PM
 #110

In my opinion, one of the reasons for the high level of public confidence in Bitcoin is the issue of transparency in the economy. I think bitcoin can bring honesty and economics together and reduce the oppression of capitalists around the world.
That is why I respect Bitcoin as a global currency.
If we keep educating ourselves and we don't ride with the manipulation of the market, we will all enjoy bitcoin as an investment and as a currency. The word "decentralization" makes bitcoin transparent, however, due to the fact that we use a 3rd party platform to trade our bitcoin, government still impose their rules on us through regulation.
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August 26, 2021, 03:51:55 PM
 #111

Bitcoin has been service in long time.Bitcoin already proved that Bitcoin is trusted than any others crypto. Bitcoin is most valuable crypto in market and most valuable coin.Bitcoin has been developing for long time.Bitcoin is decentralised crypto than others. I think bitcoin will be more increase in future and it will be most trusted.
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August 26, 2021, 04:52:35 PM
 #112

maybe we can say that bitcoin is an investment that is so popular in this century, so many people make people become bitcoin enthusiasts.maybe it can't be separated from how bitcoin's performance gives us true freedom of thought, so it makes bitcoin even higher among the public
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August 26, 2021, 09:58:01 PM
 #113

investing in good coins will certainly be profitable for investors, so they choose coins that are really good, especially if the capital is large. why bitcoin has the highest price because bitcoin is the first coin to emerge and become a crypto pioneer. everywhere if something appeared first then it would be more valuable than something that came after. besides that, when viewed from the beginning of the emergence of bitcoin to date, the movement of bitcoin is also good even though there are periods of ups and downs but the price is far higher than other coins because the demand for it is also high. therefore investing in bitcoin is a dream for investors.

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August 26, 2021, 10:27:33 PM
 #114

Bitcoin has been service in long time.Bitcoin already proved that Bitcoin is trusted than any others crypto. Bitcoin is most valuable crypto in market and most valuable coin.Bitcoin has been developing for long time.Bitcoin is decentralised crypto than others. I think bitcoin will be more increase in future and it will be most trusted.
With all the positive traits given to bitcoin, no wonder it has gained a big trust not just to the people themselves but also to the big companies who are now integrating bitcoin into their transactions. So its definitely a worlwide adoption that is starting to take place and maybe when all these companies will benefit from bitcoin, the news will again spread out and creates more positivity on the side of bitcoin.

In my personal view, bitcoin should have the highest level of trust because its fully decentralized. No one can control it not even the government so our money will be safe unlike when kept in banks which might be totally controlled by the banks personnel and sometimes, even inside jobs are also happening.  And the fact that bitcoin has already built a strong foundation, so no one can ever destroy it. The more people will recognize bitcoin, the usage will also increase. Thus, making bitcoin bringing its best to serve the people in a more advanced and digital way.

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August 27, 2021, 05:35:04 PM
 #115

In the current world built by centralized system, the authenticity and validity of wealth transferring is protected by a third party as an intermediary. Who is a completely credible middleman? That role is mostly played by banks and all sorts of payment agencies, credit card companies, etc. We trust them and their services ensure the normal conduct of economic behavior. However, once one of the banks goes bankrupt, all of our assets there may disappear.
This is a very valid point and why Bitcoin and decentralized assets are more valuable than cash in the bank. If the bank for any reason goes bankrupt as you said, your money is gone and you may get it back but chances are slim.

One may argue that even Bitcoins can be misplaced and lost but at least you have the control and responsibility for the mistake in that case. It's not easy to pay for other's mistakes but much easier to calm yourself when it's you who made the mistake of losing your coins. People who lose money to scams are more frustrated than traders who lose money.

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August 28, 2021, 02:28:10 AM
 #116

Bitcoin serving in the very beginning of cryptocurrency journey. Bitcoin is the most potential and good coin. You can see its price increase from where. This can prove that Bitcoin will serve life time and this will never destroy. Because i think that if Bitcoin destroy then every crypto currency face heavy trouble and can be destroyed. Because of potential coin Bitcoin is in the highest level. Also this is the most trusted coin in cryptocurrency.

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August 28, 2021, 03:17:44 AM
 #117

Bitcoin has highest level of trust to investors and supporters because it's the mother of all cryptocurrencies wherein has already cement the foundation for how many now and it proved that it can survive the market dip and FUD from people hating it. Many famous people already jumped on bitcoin and by that alone it added more trust of bitcoin hence it's the future of payment system.

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August 28, 2021, 05:50:28 AM
 #118

Bitcoin has been service in long time.Bitcoin already proved that Bitcoin is trusted than any others crypto. Bitcoin is most valuable crypto in market and most valuable coin.Bitcoin has been developing for long time.Bitcoin is decentralised crypto than others. I think bitcoin will be more increase in future and it will be most trusted.
Some really good points, I will make some points why BTC is superior to any other cryptocurrency

1- First in the market; BTC was the first cryptocurrency and there is nothing that can change it.
2- Anonymous; every crypto has its founders known in public but no one has a clue who Satoshi was
3- BTC is more valuable than other cryptos; Each halving the miner's reward is decreased to half which means more scarcity in future

There can be 100s of other reasons but these 3 reasons are most important ones that make BTC superior to other coins.

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August 28, 2021, 07:33:15 AM
 #119

Bitcoin has highest level of trust to investors and supporters because it's the mother of all cryptocurrencies wherein has already cement the foundation for how many now and it proved that it can survive the market dip and FUD from people hating it. Many famous people already jumped on bitcoin and by that alone it added more trust of bitcoin hence it's the future of payment system.

Bitcoin is very popular because it became the first crypto, bitcoin continues to have support from many companies and now we can see bitcoin on many stock exchanges and futures of the world, I believe bitcoin will be more and more popular and become the standard of payment accepted by the world like gold.
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August 28, 2021, 11:55:02 AM
 #120

Bitcoin has highest level of trust to investors and supporters because it's the mother of all cryptocurrencies wherein has already cement the foundation for how many now and it proved that it can survive the market dip and FUD from people hating it. Many famous people already jumped on bitcoin and by that alone it added more trust of bitcoin hence it's the future of payment system.

Bitcoin is very popular because it became the first crypto, bitcoin continues to have support from many companies and now we can see bitcoin on many stock exchanges and futures of the world, I believe bitcoin will be more and more popular and become the standard of payment accepted by the world like gold.
hopes for the achievement of bitcoin as a means of payment that is recognized by the world has long been discussed. we still can't reach it. this is related to usage and regulations which differ for each country.
but bitcoin transactions and technological developments are trusted by most people. and even the community and support of many people is now increasing. this is indeed a good start for bitcoin towards the expected goal.

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