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Author Topic: Why is Bitcoin in the highest level of trust?  (Read 1954 times)
Ararbermas
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September 20, 2021, 11:24:08 AM
 #141

I think the best answer for this question, probably it's because bitcoin is the very first asset in the market that until now still very promising and optimistic and for sure the way how it can make hype in the market despite of all the struggles, were the common reason why investor keep believing that there's a future on bitcoin, because indeed even though there are some new promising projects emerging in the market bitcoin still can cope to keep the rank, unlike those old coins that suddenly became weak and can't even compete in the market, for me the history of bitcoin itself is enough proof that it's worth it than other cryptocurrencies in the market in my personal opinion.
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September 20, 2021, 01:08:45 PM
 #142

Its because it is proven that BTC has the highest security among other alt coins. It is the oldest coins out their and people are trading with it in decade already. So if you are new to it or if you are going to invest in it its better to invest in the one who is trusted by all crypto enthusiast.

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September 20, 2021, 02:30:13 PM
 #143

The advantage of bitcoin is being the first coin to get a lot of support from many big companies, when Mr. Nakamoto makes bitcoin so everything is still raw, after bitcoin mining companies emerged they developed it for the better so that bitcoin got high trust.
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September 20, 2021, 02:40:32 PM
 #144

This trust grew with the popularity and use of bitcoin itself.
more people adopting doesn't mean they know how bitcoin will stay safe.
someone believes in bitcoin because he is strong. and also market dominance trumps all altcoins. there is no altcoin as powerful as bitcoin. so people will not be fooled by bitcoin.

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September 20, 2021, 02:41:22 PM
 #145

The public's trust in Bitcoin stems from the fact, because Bitcoin is completely open source and highly decentralized where everyone has full access to the entire source code at all times and every transaction made using Bitcoin can be seen transparently by anyone, no organization or individual can controls Bitcoin, so it remains secure even if not all users can be trusted.
From a technical point of view, I firmly believe bitcoin has proven to be secure and reliable. But not all bitcoin users understand this if they don't study it in detail. I'm not sure all bitcoin traders understand the concept of bitcoin and all its advantage unless they are genuinely interested in learning more than just making a profit from trading. These two things are what separate traders from those who are interested in the innovations that exist in bitcoin. Although we have said thousand of times that bitcoin is a decentralized currency that has security and transparency, but they will not know about it in detail without reading and studying it.

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September 20, 2021, 02:51:02 PM
 #146

The answer to this is simple on my side. Bitcoin is the most trusted cryptocurrency because it has always been the number one cryptocurrency. And moreover, Bitcoin is the first cryptocurrency in this market. Satoshi has an incredibly big place in people's hearts as he is the pioneer of this market in some way too I think. After Bitcoin was released, we saw so many altcoins being released also. But none of them managed to leave Bitcoin behind so far in terms of the price. As Bitcoin has always made people happy about long term investments too, people still trust it a lot.
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September 20, 2021, 03:03:32 PM
 #147

because so far bitcoin has shown its credibility to date. A very good level of security makes bitcoin always trusted. Even safer than local banks. This is probably the reason bitcoin has so far had very good trust from its users, including me.

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chichigirl
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September 20, 2021, 11:21:42 PM
 #148

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.


Simply because there are so many traders already earn a lot with bitcoin. We all know that it is real and not a scam. When it comes to rice, it is very high compare to altcoins but still it is very popular and a lot of investors continue to believe in bitcoin.

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September 21, 2021, 10:45:00 AM
 #149

why bitcoin is at such a high level of trust,?? it can be said that bitcoin is safe and reliable, everyone feels comfortable investing in bitcoin, until now there have been no cases of fraud committed by bitcoin, bitcoin is a global currency, now there are countries that have legalized bitcoin, that's why until now bitcoin can still high trust..
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September 21, 2021, 07:19:46 PM
 #150

Currently Bitcoin is well established crypto currency in the world. It has been with us for more than 1 decade., no one feels cheated and harmed by Bitcoin, the price of Bitcoin always rises every year, most people will benefit if we invest in Bitcoin in the long run. In the meantime, if we look at the history of Bitcoin, it is clear that Bitcoin is a very valuable asset, so Bitcoin is still the main choice of traders, which is certainly not a component of Bitcoin fraud, so Bitcoin still has a high level of trust. Today, everyone who believed in Bitcoin is in a high position.

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September 21, 2021, 07:48:07 PM
 #151

In my opinion, first reason is decentralization system of Bitcoin. People are able to handle it with their sweet will. It is spreading more day by day and the uses of Bitcoin is also increasing. It is one of the safest and reliable among people. That's why people trust it other than any crypto currency.
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September 21, 2021, 07:55:23 PM
 #152

maybe it can't be separated from the factors that bitcoin itself has, for example bitcoin is an investment that is long-term and also so transparent that it makes a lot of enthusiasts want to be in the crypto world for longer so that factor gives rise to such trust. high among his fans
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September 27, 2021, 03:42:25 PM
 #153

Bitcoin trusts hold digital currency .Bitcoin trusts may offer more access to digital currency, these assets may not be suitable for everyone. Bitcoin is fully open source and decentralized. Bitcoin is secure and safe. People trust it

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September 27, 2021, 09:26:33 PM
 #154

It can be said that bitcoin has been operating for a very long time, born from the years 2009 -2021, no one feels cheated and harmed by bitcoin, the annual bitcoin price always increases, if we invest bitcoin in the long run. run most people will benefit, bitcoin is also a very valuable asset and especially in contrast to other cryptocurrencies, the simple truth is that Bitcoin has been around for more than 10 years. and always constantly growing, try to compare with all other coins, bitcoin is still the best choice.
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September 27, 2021, 09:48:08 PM
 #155

It can be said that bitcoin has been operating for a very long time, born from the years 2009 -2021, no one feels cheated and harmed by bitcoin, the annual bitcoin price always increases, if we invest bitcoin in the long run. run most people will benefit, bitcoin is also a very valuable asset and especially in contrast to other cryptocurrencies, the simple truth is that Bitcoin has been around for more than 10 years. and always constantly growing, try to compare with all other coins, bitcoin is still the best choice.

True that. Bitcoin might not have the fuel to make those epic 100x to 1000x runs again but it serves a really good purpose and that's as a solid store of value. Bitcoin has really matured as an asset compared to what it was a few years ago when the adoption was just amongst a few thousands. Ideally, people tend to trust anything that has been around for a long time with any negative or bad history.

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songchunlai
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September 28, 2021, 02:43:17 AM
 #156

Because it does the cracking work for the cracker before it is cracked.
syedakhlaque
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December 12, 2021, 05:46:52 AM
 #157

The need for a trustable business has been felt for a long time. There were many networking businesses, plan businesses, etc on the internet. There was much fraud & stealth. I worked with many companies like the banner broker, wealth for all, Profit clicking.com, etc before 2009. They all were based on fraud.
But after Bitcoin's arrival, the scenario was changed. There was good news, and trust for the person who wish to do some income-supporting work on the net. Bitcoin and cryptocurrency earned trust and money for its user. It provides a lot of opportunities to develop and step forward and equal chances for poor or rich.
In short, it is a unique business popular in all ages of life.

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JohnBitCo
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December 12, 2021, 05:51:03 AM
 #158

The need for a trustable business has been felt for a long time. There were many networking businesses, plan businesses, etc on the internet. There was much fraud & stealth. I worked with many companies like the banner broker, wealth for all, Profit clicking.com, etc before 2009. They all were based on fraud.
But after Bitcoin's arrival, the scenario was changed. There was good news, and trust for the person who wish to do some income-supporting work on the net. Bitcoin and cryptocurrency earned trust and money for its user. It provides a lot of opportunities to develop and step forward and equal chances for poor or rich.
In short, it is a unique business popular in all ages of life.

Just keep in mind that bitcoin is not any sort of trustable business or whatever. You cannot compare it with industries or companies.
Bitcoin is a currency and it can be compared with other currencies like US dollar etc. Since bitcoin is non-inflationary, it has gained a lot of trust over time.
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December 12, 2021, 09:30:28 AM
 #159

Of course a miner has high principles and dedication to continue to be in the 2nd world for a long time, especially considering that the crypto world is a long-term investment and is also an asset, so bitcoin currently has such high trust from miners. as well as the public at a time when the price is so unstable but does not affect the confidence of miners to continue to be in the crypto world in the long term so that this is what makes bitcoin still survive today.

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December 12, 2021, 12:14:10 PM
 #160

Bitcoin have a secured protocol and unbreakable security.from the start and at the present day . They did not do any type of scam's and the most important it is decentralized . And not under control of any governance. Do that make it more trustable.

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