Why is BTC still top1 on the cryptomarket?

[cryptoknows]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

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[thesosorr]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

If I'm not mistaken, Bitcoin is the first coin in cryptocurrency, friend.
Maybe that is the reason why Bitcoin has a higher price than altcoins.
Not only does Bitcoin play a role in itself, but Bitcoin plays a role in altcoins as well.

[jrrsparkles]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

What is the actual usage of ICO, NFT and DEFI? It doesn't add any value to the cryptocurrency market but some individuals are going to get profits from selling their shit tokens to the investors.

But bitcoin wasn't created to make any profits, it came into the existence to bring the financial freedom which makes it superior because of its uniqueness and all other cryptos just a copy of bitcoin that is why the real asset is on the top.

[cryptoknows]

Does BTC act like gold in the fiat market?  
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

What is the actual usage of ICO, NFT and DEFI? It doesn't add any value to the cryptocurrency market but some individuals are going to get profits from selling their shit tokens to the investors.

But bitcoin wasn't created to make any profits, it came into the existence to bring the financial freedom which makes it superior because of its uniqueness and all other cryptos just a copy of bitcoin that is why the real asset is on the top.

Well, if we consider bitcoin as the first currency that gave financial freedom to people, then it can be compared to an ordinary wheel (i mean the first of its kind). So why did people subsequently stop riding carts with horses, and in their likeness, they created fast and comfortable cars? The same goes for bitcoin. He's like a wheel among supercars crypto technologies

[voteformeg]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

people saying/thinking for years now that bitcoin will be surpassed by other coins/tokens which have much more to offer , but still bitcoin is on the top of all charts , it was the first crypto for financial freedom and is the most spread amongst holders which is very important , a coin/token can have much technical potention but if there are only a few holding it still have no meaning

[jrrsparkles]

Does BTC act like gold in the fiat market?  
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

What is the actual usage of ICO, NFT and DEFI? It doesn't add any value to the cryptocurrency market but some individuals are going to get profits from selling their shit tokens to the investors.

But bitcoin wasn't created to make any profits, it came into the existence to bring the financial freedom which makes it superior because of its uniqueness and all other cryptos just a copy of bitcoin that is why the real asset is on the top.

Well, if we consider bitcoin as the first currency that gave financial freedom to people, then it can be compared to an ordinary wheel (i mean the first of its kind). So why did people subsequently stop riding carts with horses, and in their likeness, they created fast and comfortable cars? The same goes for bitcoin. He's like a wheel among supercars crypto technologies

So you are comparing ethereum as supercar tyres and bitcoin as a wheel made of rocks, I never said that bitcoin is expensive because its the first cryptocurrency but not many cryptos came after bitcoin doesn't bring any changes even if they have usability there is no complete decentralization on them even ethereum is having unlimited supply so how can you expect people to put their money on an asset which is having unlimited supply.

[VanDeinsberg12]

What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

It's better for you to learn the history of crypto rather than called the king of crypto as a dummy coin lol. Ethereum is just a forking version from the bitcoin. It was generated by the bitcoin code. The bitcoin code itself already forked by so many uninnovative developers.

BTC is the digital gold, the main currency of crypto, it was being created to help people to get into the financial freedom. Giving access to the decentralized economic

[cryptoknows]

Does BTC act like gold in the fiat market?  
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

What is the actual usage of ICO, NFT and DEFI? It doesn't add any value to the cryptocurrency market but some individuals are going to get profits from selling their shit tokens to the investors.

But bitcoin wasn't created to make any profits, it came into the existence to bring the financial freedom which makes it superior because of its uniqueness and all other cryptos just a copy of bitcoin that is why the real asset is on the top.

Well, if we consider bitcoin as the first currency that gave financial freedom to people, then it can be compared to an ordinary wheel (i mean the first of its kind). So why did people subsequently stop riding carts with horses, and in their likeness, they created fast and comfortable cars? The same goes for bitcoin. He's like a wheel among supercars crypto technologies

So you are comparing ethereum as supercar tyres and bitcoin as a wheel made of rocks, I never said that bitcoin is expensive because its the first cryptocurrency but not many cryptos came after bitcoin doesn't bring any changes even if they have usability there is no complete decentralization on them even ethereum is having unlimited supply so how can you expect people to put their money on an asset which is having unlimited supply.

Again, all arguments boil down to the fact that this is the first cryptocurrency. Ordinary stones also have a limited amount, but this does not make them a precious metal. Until I see an adequate explanation for such a high price

[cryptoknows]

What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

It's better for you to learn the history of crypto rather than called the king of crypto as a dummy coin lol. Ethereum is just a forking version from the bitcoin. It was generated by the bitcoin code. The bitcoin code itself already forked by so many uninnovative developers.

BTC is the digital gold, the main currency of crypto, it was being created to help people to get into the financial freedom. Giving access to the decentralized economic

Calling btc a decentralized currency in 2021 is a very inappropriate statement

[bizfyn_ru]

What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

It's better for you to learn the history of crypto rather than called the king of crypto as a dummy coin lol. Ethereum is just a forking version from the bitcoin. It was generated by the bitcoin code. The bitcoin code itself already forked by so many uninnovative developers.

BTC is the digital gold, the main currency of crypto, it was being created to help people to get into the financial freedom. Giving access to the decentralized economic

Calling btc a decentralized currency in 2021 is a very inappropriate statement

Lol. What can we say about the decentralization of bitcoin that it has long been not anonymous. This is nonsense. Bitcoin is a big and old shield coin on which nothing will be created, this is the bottom.
Ethereum, BSC, NEAR - all this will lead the cryptocurrency forward, and not this piece of shit.

[cryptoknows]

What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

It's better for you to learn the history of crypto rather than called the king of crypto as a dummy coin lol. Ethereum is just a forking version from the bitcoin. It was generated by the bitcoin code. The bitcoin code itself already forked by so many uninnovative developers.

BTC is the digital gold, the main currency of crypto, it was being created to help people to get into the financial freedom. Giving access to the decentralized economic

Calling btc a decentralized currency in 2021 is a very inappropriate statement

Lol. What can we say about the decentralization of bitcoin that it has long been not anonymous. This is nonsense. Bitcoin is a big and old shield coin on which nothing will be created, this is the bottom.
Ethereum, BSC, NEAR - all this will lead the cryptocurrency forward, and not this piece of shit.

I also have the same opinion. I do not completely understand the policy of BTC investors, why is it not easier to invest in candy wrappers? Moreover, BTC has not been decentralized for a long time, whoever has more than 51% in the pool can rule it, as in any centralized financial system. But this is not the point, for the BTC market it is a trigger that both boosts the rest of the crypto world and can easily destroy everything, everything that has been accumulated by many developers over the years! You mentioned such currencies as BSC, Ethereum, Near. These projects, like many others, are trying to give people technologies that will make life easier for people in the near future. It really is a fact, such projects should be supported, but definitely not BIG DADDY (BTC) who was overtaken by his own sons, he should not influence the rest of the crypto market so much

[jrrsparkles]

~snip
Again, all arguments boil down to the fact that this is the first cryptocurrency. Ordinary stones also have a limited amount, but this does not make them a precious metal. Until I see an adequate explanation for such a high price

Which stone you are talking about? Gold is extremely limited that is the only reason why it is expensive and the utility is just its secondary reason. And have you heard any news about rare stone found under the garden area and it has been auctioned for millions ever? Why people bought a stone for such high price because the availability is less while the demand keep increasing.

[philipma1957]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

Eth is garbage high risk for 1 reason

Mr V = Eth

If Mr V is slain Eth crashes
if Mr V is grabbed by a country and locked up eth crashes

The risk of having a 1 man boss makes eth pretty much garbage due to the extreme risk of all eggs in his basket.


Also if he switches to POS eth crashes as it becomes purely a speculative item based on the life of 1 person.


BTW the above are facts not opinions.


Now if Mr V stays clear of death and the Law while delaying POS for years to come Eth will do fine.

This is the bet you make if you hold ETH

[ene1980]

Does BTC act like gold in the fiat market? 

Learn about supply and demand and you will understand why the price is rising .

I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

The technological potential of billions of scam ICO we have seen throughout it small spam should be highlight, have you made any transactions with ETH anytime soon and how much you need to shell out for the technological superior alt. We need to sit and watch how long these DeFi and NFT hype will last, till now everything is fine, what happens after the next 5 years, how many of these projects will continue to progress in the next 5 years.

[glendall]

Bitcoin is just like gold in the fiat market. where bitcoin is the first coin in crypto and as a role model for other coins, even though there are coins that have the same price but cannot shift the position of bitcoin itself.
different from eth and other altcoins, there are too many frauds in the creation of new projects (new altcoins)

[nemey]

Bitcoin is a safe haven asset. In addition, many people think that Bitcoin is present as a new asset that can act as an inflation hedge. In addition, a number of large institutional investors expressed interest in buying Bitcoin and another factor that made Bitcoin price rise was the level of concern for investors to see the bank's efforts. central government dealing with Covid-19 will trigger inflation. Gold and precious metals are usually used to hedge against such risks.

[smartaction]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

Usually each token and coin gets a certain position according to its daily trade volume. If you are aware of the market or follow the daily market, you will find that the amount of bitcoin traded per day is much higher than all other tokens or coins. So, btc always has top 1 in the coinmarketcap

[cricketkhampion]

because it is the oldest coin in the market and BTC has many investors. BTC has many supporters and you can see that BTC is listed in many exchanges. It is famous in the world that's why BTC still top 1

[Rakeshten]

The main reason is that BTC is the first cryptocurrency of cryptomarket and Many companies are using it, so many people are only interested in investing in BTC and the full crypto market is dependent on Bitcoin when bitcoin comes down all altcoins follow it and comes down so we can say that BTC is the king of crypto market.

[konflikkastil]

It is the number one leading coin across all exchange for now, with so huge market volume it will be very hard for any coin to meet up with the current price BTC is trading in. There was a day, I stumbled on a particular coin on Binance. The so coin with less than a year of its creation has been able to reach $88k what BTC has not been able to achieve. And in less than five weeks it went down to $29k as of. The last time I checked. The name of the coin is Yearn Finance YFI. But one thing that I also noticed is that the market volume is nothing compared to that of BTC.

[Boomber]

Bitcoin remains the top 1 on the cryptomarket because Bitcoin is the most popular cryptocurrency and I'm sure there will never be any cryptocurrency that can replace Bitcoin until whenever, because in my opinion ranking 1 has become a permanent position for Bitcoin and no one can replace it, therefore I think Bitcoin is very worth it to be used as a long-term investment.

[Mahdirakib]

Does BTC act like gold in the fiat market? 
~snip~ What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

Bitcoin is better than gold. The limitation of supply and adoption has made it popular than any other coins. You should address altcoins as dummy instead of bitcoin. Because most of the alts have no use case. Many of them have unlimited supply. Even ETH doesn't have supply limitation. Ethereum price wouldn't reach that high if there was no ICO, DeFi market on it.

[isaac_clarke22]

~

No. They're different. BTC is decentralized and you should already know that.
Gold is regulated by feds. If you hodl Bitcoin in a non-custodial wallet, it is your BTC. It is yours forever, well not literally for obvious reasons, OP.

Now you're also comparing ETH with BTC? They're also different. BTC has no role? Read about "store of value", OP. ETH is mostly for Smart Contracts. You can mention ICO, IDO, IEO, NFTs, DEFI and whatever offering comes next, but remember back in 2017, a lot of ICO turned out to be just scam.

[maruf01788]

Bitcoin is king of cryptocurrency. Because bitcoin is first cryptocurrency coin. Most of coin have central Controller. But bitcoin have no central authority or middlemen.users control it. I think no one can vanish bitcoin. This is power of bitcoin.

[Distinctin]

Bitcoin is king of cryptocurrency. Because bitcoin is first cryptocurrency coin. Most of coin have central Controller. But bitcoin have no central authority or middlemen.users control it. I think no one can vanish bitcoin. This is power of bitcoin.

Bitcoin will always be the crowd's favorite and will always be on top not just of its high price but because of its capability to easily recover even a from a huge dump and is even set to reach another ATH after a long dump price.

And simply because altcoins have been very dependent on bitcoin that when bitcoin becomes bullish, most of them will follow the same path except for those coins that only have less potentials to survive and so they remain on the bottom.

[tabas]

I get that you have to think that there's no use for bitcoin but you to think of it again. Bitcoin is the most used cryptocurrency. Just because that there's more project that's being built under Ethereum, bitcoin is already nothing?
That's nonsense, what about those projects built under Ethereum? are they really worth it? those nft, ico, ieo and other sort of projects? whether you have this opinion, it won't change the fact that bitcoin will always remain to be the top.

[RealMalatesta]

I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

Because it is bitcoin? I mean that is all it needs and I think it will definitely stay that way for a long time as well. Bitcoin was the first one and all the other ones were not as good as the other ones, I personally feel like bitcoin is not only better than the others and not only it is first, but because it is also the biggest hence why it is biggest.

I know that didn't make sense when I first say it, but think about it, when something is biggest, it is not easy to drop it from the top. For example Tesla is the "best" electric car right now right? Well, other car manufacturers have been around for decades, ford is over a century long, don't you think they have enough money to spend billions upon billions on making the best ever electric car? They can do it but they are not doing it because Tesla is already big and when you are big it is hard to be not big anymore. Bitcoin is biggest, and that causes it to stay biggest.

[Woodie]

Bitcoin is number one because it was the first coin developed as a cryptocurrency and a recognized coin by the community too, it deserves the recognition as number one coin no questions  asked. Any other coin that came after bitcoin became known as an altcoin and because  of this bitcoin could not be buried in the haystack.
And besides this I should think it has the most money pumped into it.

[Viscore]

Bitcoin is number one because it was the first coin developed as a cryptocurrency and a recognized coin by the community too, it deserves the recognition as number one coin no questions  asked. Any other coin that came after bitcoin became known as an altcoin and because  of this bitcoin could not be buried in the haystack.
And besides this I should think it has the most money pumped into it.

And having it as a decentralized coin that creates no power for any entity group gives more people more motivated to use it because its the first decentralized cryptocurrency that gain the trust of the people.

Bitcoin is made to be a currency but since its not legally adopted to function as a currency so having it as an asset or investment has made mostly of the investors to experience the best profits more than they can experience from fiat alone.

[Dread Pirate Roberts]

What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

Dummy ? bitcoin a revolution in digital payments first with cryptography. Just because now many altcoins have more technology and features, it doesn't mean bitcoin will be replaced. bitcoin will always be a pioneer in the crypto market. there could be a coin that you say is perfect in many ways. but bitcoin will continue to be the main one in crypto market.

[flyeers309]

If we talk about Bitcoin,it's the same as we talk about the pioneer of Cryptocurrency. Many people who know cryptocurrency are just know bitcoin even though there are thousands of tokens and other coins. Like branding items, the most famous will most remember and also most used. BTC is also like the parent of other coins, if BTC price is quite volatility, other coins also have almost similar movements, many traders hoping Altcoin can stand alone and not follow BTC price but in fact it cannot. That why BTC still number one and most favorite coins for payment.

[romero121]

Going through history of cryptocurrency on Wikipedia we'll get to see the beginning days as 1983. By that time itself people have thought about it, and some form of development is in progress with different products like ecash, digicash, bitgold and so on.

By 2009 the decentralized cryptocurrency got created over the proof of work. Since then more cryptocurrencies reached the market, but this serves as the reference asset that makes it top on the cryptomarket even after the existence of more than 10k cryptocurrencies.

[MarjorieZimmermanGinger]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

Bitcoin is more than just gold for now, they are the father of other coins, that's why bitcoin is so high, we also can't link bitcoin with other coins, they have been through difficult peaks in the past.

Bitcoin is much more important than any other coin, considering that bitcoin itself was the first coin to be introduced to the crypto world, so it's only natural that they are the king of other coins right now. not the process of their hard times being the number of coins that appear today.

[TheGreatPython]

What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

1. The innovations which includes the problems being addressed by bitcoins at very first time in human history.
2. Characteristics of bitcoin as a speculative asset.
3. Technically compatible in these day's Internet and smart phone's era.
4. Its strong community.

I guess this list may go endless but I tried to mention only the few which are more vital than other factors. I believe bitcoin will retain its place for sure in coming decades as well which may last up to centuries too.

[anandaijun]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

What makes BTC so high is because of the greatness that is in Bitcoin. For me, Bitcoin has a role for others, maybe you also know why Altcoins are in the crypto space. If we already know the cause of Altcoins in crypto, that's the answer to why BTC is great.

[cryptoknows]

If we talk about Bitcoin,it's the same as we talk about the pioneer of Cryptocurrency. Many people who know cryptocurrency are just know bitcoin even though there are thousands of tokens and other coins. Like branding items, the most famous will most remember and also most used. BTC is also like the parent of other coins, if BTC price is quite volatility, other coins also have almost similar movements, many traders hoping Altcoin can stand alone and not follow BTC price but in fact it cannot. That why BTC still number one and most favorite coins for payment.

Favorite coin to pay?) To pay for what? With its transaction fees, paying for small purchases becomes impossible, what's the point of a currency that can't pay for bread?

[cryptoknows]

Guys, I understood one thing for sure. Everyone will agree that Bitcoin has not decentralized for a long time and TODAY has no innovative technologies, and it is also worse than 99% of alcoins for payment. But Bitcoin has one thing for sure, it is a strong community that, with all its might, supports it and does not allow it to fall into the mud.

[bamb]

I think what keep bitcoin as number one Cryptocurrency is the decentralisation, the immutability and the power it gives to individuals for personal financial liberty! With bitcoin, you are actually your own bank and you can move across all the continent of the world as long as you can connect with the internet. This is a very awesome development and powerful way to live on this planet!

[MSN02]

Because Bitcoin is great for storing your money’s value, it’s good 2.0. Bitcoin is the non risky investment alongside Ehtereum. The rest are more risky becuase they aren’t as well established. I think that Bitcoin and Ehtereum will always be king and queen but after that I think a lot will change. The projects that will win out and not compete with Bitcoin and ethereum but coexist are going to be projects that can have mass adoption. I believe that the masses are coming and that’s why I’m so bullish on projects like NEAR because they are ready for the masses.

[danherbias07]

Dummy coin. LOL.  
You won't even see Ethereum, XRP or any crypto related coin right now without Bitcoin. Think of it this way. Bitcoin is the seed and Satoshi took care of it to grow more. Now, here we are just harvesting the fruits namely, ETH, etc....
Now you want to destroy the seed that grew into a tree and bear fruit, what do think will be next? Yes, let's say the fruit taste better (your example) than others but it still came from the same tree. I hope that makes sense. Oh, and that's just one reason out of many.

[Almasani]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

It is true as you described. That BTC has no role in the emergence of other blockchain technologies. Unlike the presence of Ethereum. But what we should know is that Bitcoin is the motor of all altcoins. Altcoins will not move without Bitcoin. Because current passive income continues through the Bitcoin blockchain system, one of which is the mining system. Bitcoin is also one of the blockchains that have been tested to be secure, and cannot be hacked. Even Bitcoin developers have not changed the Bitcoin blockchain system since it was created until now. Unlike Ethereum. Along the way, Ethereum has changed a lot, even trying with Ether2.

[Evgenklm]

Bitcoin is the ancestor of the entire cryptocurrency, everything went from it and it became a standard of its kind, and most importantly , it is decentralized, because most projects today do not have such a thing.

[Chuky92]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

Starting with a question, if not for Bitcoin would there be a crypto space? Also, which blockchain is the most secure today? The answer is Bitcoin blockchain. Another question, which blockchain and coin started the main idea backing the crypto space till today? The answer is still Bitcoin, everything falls back to Bitcoin.
Let me explain further, Bitcoin brought about the idea of Peer-to-peer system of transactions which of course takes place in a very secure and decentralized manner; this idea is what many blockchains and platforms are still working with, developing on and improving on, because that's what is needed in the world today.
Yes, there are many other blockchains now but how many can you say is decentralized and trusted. Talking about trust, all these big players, organizations, cooperations coming into this space which coin are most of them buying? Is it not Bitcoin, what stops them from going for others, the simple answer is they know they can have their investments in Bitcoin and be sure of it. Therefore, the more they buy, the more the market cap keeps growing.

[Jating]

Bitcoin is the ancestor of the entire cryptocurrency, everything went from it and it became a standard of its kind, and most importantly , it is decentralized, because most projects today do not have such a thing.

Most of the projects are still decentralised, but bitcoin is the first and prime mover, and without bitcoin maybe we will not any any of this cryptocurrencies. Some of the coins that comes with bitcoin during its early days has died already, but bitcoin keeps going strong.

As for the question, it's irrelevant for me, no one can touch bitcoin in the top and I doubt that there will be in the future. Bitcoin has cornered the market already, newbie investors started everything through bitcoin.

[bitcon]

We all know Bitcoins as the first crypto currency. Even those who aren't familiar with the crypto market know about BTC. But if you think that BTC is useless, you don’t know the current situation.

It is said by economists that Bitcoin has become an integral part of the modern financial system. After all, Bitcoin is the reserve currency in China today. It provides offshore yuan. Moreover, all altcoins follow its trends, so I don’t think that any of them will replace it.

[Noruka]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

Bitcoin is the strongest chain with the most hashrate, hence it is the most secure chain out there, hence it does attract most of the money coming into the market, especially from institutional investors, hence the ecosystem around Bitcoin gets the most support and experiences the quickest legitimization and adoption. There are so many reasons why Bitcoin is at the top and will probably stay there, I can't even think of the length of the list.

[SacriFries11]

Bitcoin is still the top one on the cryptomarket because it is the pioneer of all cryptocurrencies. It is a good store of value. It has already proven its worth and the value keeps on increasing. It is the most popular and reliable among other coins. It is widely used for online transactions especially in remittances and other online transactions.

[carrigan]

we know for ourselves that btc is the first coin and is the number one and largest coin in the world. so to shift its position is difficult. coupled with the events in 2017 that shocked people because the price of btc increased dramatically, this certainly attracted the interest of many people. although it is actually seen today that there are many other coins that perform better than btc, but the mindset of some people still makes btc the best coin.

[Anonylz]

@op can you think of any other coin that should be in the top other than btc! Aside from being the number one crypto btc is also the most trusted of all crypto out there with the highest support from individuals and institutions as well, I don't think there is any other crypto that deserve that spot more than btc does, it has come a long way and should be at the top.

[Desmong]

No cryptocurrency can ever compete with Bitcoin looking at it as the first ever crypto with numerous species of altcoins that are seen now in the market. Bitcoin is cryptocurrency on it own and I every other altcoins do dance towards it music. Let's not argue why Bitcoin adoption is uncompared to other coins with it's massive volatility and price which is becoming more valuable than even Gold. I will buy more Bitcoin if I have funds to invest in cryptocurrency because with time, Bitcoin will be the most expensive asset  in the word.

[ene1980]

~
It is said by economists that Bitcoin has become an integral part of the modern financial system. After all, Bitcoin is the reserve currency in China today. It provides offshore yuan. Moreover, all altcoins follow its trends, so I don’t think that any of them will replace it.

No one will debate about the impact of Bitcoin in the financial system and everyone will be forced to innovate and be transparent. I am not sure about China using Bitcoin as a reserve currency but i have heard about them creating their own centralized digital currency.

If you look at the major altcoins majority are shifting to POS and only time will tell how the government will view them and will they try to control them as majority runs with a few master nodes and it is easier for the government to control them unlike POW.

[bitzizzix]

I think what keeps bitcoin at the top of the crypto market? because bitcoin is the first digital currency and also known to all consumers or everyone first, and gets more exposure from the media than any other cryptocurrency.
besides being widely known, the price of bitcoin is also constant and relatively high compared to other cryptocurrencies.
and over time many new cryptocurrencies have emerged that are similar to bitcoin but not as good as bitcoin and people will trust bitcoin more than other cryptocurrencies, and will also follow the movement of bitcoin which makes bitcoin dominate and also become an irreplaceable king in the crypto market.

[m.rifki]

BTC is the origin of crypto, maybe that is what keeps him at the top, it is undeniable that Altcoins are indirectly tied to it, the rise and fall of BTC affects Altcoins.

[ven7net]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

Indeed, BTC in the crypto market is gold, and even more so it is the first cryptocurrency, which is rightfully the progenitor of all cryptocurrencies. As for cryptocurrencies such as ETH, everything is obvious here, because ETH and other similar cryptocurrencies received their blockchain systems from BTC, and are also auxiliary services for the creation and distribution of blockchain technology in the world. I believe that all cryptocurrencies are created for the greater development and spread of BTC and also all together influence the growth of its price.

[Fivestar4everMVP]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

Well, from my own perspective, bitcoin might for sure not have the kind technology other coins have built into it, but one thing, which is the most important thing in investment is that bitcoin has a good level of trust compared to other coins, being the first ever crypto coin to be created, which means, it laid the foundation for other coins that are in existence today, bitcoin had no ico, no form of fund raising, it was purely built on trust which comes from organic growth, bitcoin started from 0, grew organically from 0 to where it is today, this is why it's well recognized and trusted both by the rich, poor and Middle class.

[MarjorieZimmermanGinger]

What makes BTC so high is because of the greatness that is in Bitcoin. For me, Bitcoin has a role for others, maybe you also know why Altcoins are in the crypto space. If we already know the cause of Altcoins in crypto, that's the answer to why BTC is great.

The point is what is conveyed, that bitcoin has a role and influence for altcoins, I do not dispute that.
But I don't really agree on that influence and role to look at the current state of altcoins.

Bitcoin can make all this easy because it is based on its strategy, so bitcoin is so high in value right now, and there is no altoin involvement at all in my view.

[Pelana vreo]

Bitcoin is known for its high price in cryptocurrency market, but altcoin is another option to invest, who knows the price of BTC will reach $5k, $10k, $20k, up to $60k.
all because of the existing technology, namely Blockchain, without Bitcoin, we will not see the idea of Ethereum, DeFi and NFT as it is today. because all of those ideas started with Bitcoin.

[goolesby]

because Bitcoin is one of the most popular and most traded cryptocurrencies. The growth in the value of this crypto asset continues to increase. Since it first appeared, Bitcoin is targeted to enter on a global trade scale including peer to peer to be used as digital cash, so the demand is high, thus making it the number one coin.

[Noruka]

What makes BTC so high is because of the greatness that is in Bitcoin. For me, Bitcoin has a role for others, maybe you also know why Altcoins are in the crypto space. If we already know the cause of Altcoins in crypto, that's the answer to why BTC is great.

The point is what is conveyed, that bitcoin has a role and influence for altcoins, I do not dispute that.
But I don't really agree on that influence and role to look at the current state of altcoins.

Bitcoin can make all this easy because it is based on its strategy, so bitcoin is so high in value right now, and there is no altoin involvement at all in my view.

To a certain degree Bitcoin has a lot of control as it is the first cryptocurrency to react to anticipated problems. If something is wrong in the space like bad regulations or any governments cracking down on crypto, the whole market only goes down if Bitcoin goes down. If Bitcoin doesn't move, the market demonstrates the common understanding that the event doesn't pose a threat to the space as a whole.

[rosebrand]

Just to let you know, the invention of bitcoin is what begot altcoin, bitcoin has been in existence for long before altcoins where been created, bitcoin being the oldest is the most popular and trusted cryptocurrency so far and this is more reason which it's at the top, no matter the condition of a father he is still the head of the family, the fact that the new blockchains are doing much more better than bitcoin doesn't mean bitcoin has lost it's purpose of creation.

[Ryder Kudrow]

As a pioneer in the field of encryption, Bitcoin has withstood the test of time. Most altcoins in the crypto market are created after realizing the profitability of Bitcoin, and they will also be affected by Bitcoin. Compared to other altcoins, Bitcoin is more secure and popular. Many people have realized its value and value, it has gained good trust, and people believe that it has better growth potential than other cryptocurrencies.

[ZAINmalik75]

You have to keep one thing is mind that how the crypto start. The coin who start crypto was name Bitcoin . Bitcoin was the first decentralized Cryptocurrency who use blockchain for first time and after that the alt coins comes one by one. Crypto got popularity due to bitcoin and 90% of people in crypto trust on bitcoin to buy rather than altcoins. So these reason make BitCoin no 1 .

[airdata]

Whole crypto market always depend on bitcoin's stability, without Bitcoin crypto market is worthless and Bitcoin is the first Crypto coin so Bitcoin is more popular from another coin. 

[iTradeChips]

The only reason that I can think of is that Bitcoin was the very first coin that was created. That's it. I don't think that there would any other explanation for that. I mean there are other coins that were created after Bitcoin that could have competed for the top spot, but still BTC reigns supreme. Followed by Ethereum who is also a close competitor for BTC but also considered the King of the Altcoins. I think it is really about the way it was conceived as an alternative to the fiat currencies that also gave BTC the edge.

[semobo]

As a pioneer in the field of encryption, Bitcoin has withstood the test of time. Most altcoins in the crypto market are created after realizing the profitability of Bitcoin, and they will also be affected by Bitcoin. Compared to other altcoins, Bitcoin is more secure and popular. Many people have realized its value and value, it has gained good trust, and people believe that it has better growth potential than other cryptocurrencies.

Agree with you though, most altcoins were created for the purpose of money-making while bitcoin was created to bring some changes in our money system. Many coins claim that they are the next bitcoin which is enough to prove that bitcoin is still the best coin out there but in the future, anything may change because change is the only thing that never changes.

[kizlod]

As i see it it's because BTC is first and most popular crypto. A lot of people think Bitcoin and crypto is the same thing. My mother thought that there is only BTC until i told her that there are thousands of cryptos. And o don't think she's alone in this.

[rahmathidayat93]

As i see it it's because BTC is first and most popular crypto. A lot of people think Bitcoin and crypto is the same thing. My mother thought that there is only BTC until i told her that there are thousands of cryptos. And o don't think she's alone in this.

It is still very reasonable to think about because the most famous in the cryptocurrency world is BTC, after that there are others, where Altcoin developers are always trying to build new coins that are better than BTC.

[cunguks]

As i see it it's because BTC is first and most popular crypto. A lot of people think Bitcoin and crypto is the same thing. My mother thought that there is only BTC until i told her that there are thousands of cryptos. And o don't think she's alone in this.

It is still very reasonable to think about because the most famous in the cryptocurrency world is BTC, after that there are others, where Altcoin developers are always trying to build new coins that are better than BTC.

product and technological development may be better. but to see a larger capitalization value of bitcoin would be very difficult.
Bitcoin's dominance in the market is still too strong. even the top altcoins won't be able to dominate their position.

[justdimin]

The only reason that I can think of is that Bitcoin was the very first coin that was created. That's it. I don't think that there would any other explanation for that. I mean there are other coins that were created after Bitcoin that could have competed for the top spot, but still BTC reigns supreme. Followed by Ethereum who is also a close competitor for BTC but also considered the King of the Altcoins. I think it is really about the way it was conceived as an alternative to the fiat currencies that also gave BTC the edge.

That is of course the "only" reason for staying at top, but we have to also remember that it is getting the most exposure as well, mainly because it is the first one, but if there were more and more talk about some other coin, bitcoin would have dropped even though it was first. Look at television stations, news agencies and everywhere else and you will see that bitcoin is the most talked one, when a coin is the most talked one then it becomes the highest one, that is true for all the ranks, the more you talk about ethereum the higher it gets and solidifies the second position as well.

Long story short we are in a situation where we are talking about something that is quite obvious and that is basically endorsement from all over the world towards bitcoin. The moment people stop talking about bitcoin, it will drop like crazy, 2018 was sort of like that but no other coin got talked more during that time even though bitcoin was talked less than usual.

[hamba laeh]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

Bitcoin is the first coin created by Satoshi Nakamoto. and bitcoin has a very high popularity compared to other altcoins currently circulating on the exchange market. Although today many platforms have multifunctionality, the popularity can't be beat by anything. because in general everyone only knows Bitcoin in the cryptocurency world. that is why bitcoin will always be on top of other altcoins.

[huu78]

Probably because btc was the precursor to the blockchain system. Until now the demand for btc is still high, and as we know the total supply of btc is limited and few. For me nothing will be able to precede btc for the future.

[harapan]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

Can't believe you don't know why bitcoin is still number 1 compared to all the alternate coins on the market, bitcoin is still the number 1 coin on the market and there's a possibility that it would remain that way forever, bitcoin is still the first in coin ranking for a lot of reasons like it was the first cryptocurrency and the most trusted crypto in the market, forget about the innovations these new projects have, without bitcoin been created we won't be here.

[Digital_Lord]

The first thing is that it is the first and successful Digital currency and it is increasing very rapidly so many people are only investing in BTC. They only know crypto just because of BTC. The second one is that we all know that all altcoins depend on BTC. SO BTC is the king of all coins.

[goaldigger]

The first thing is that it is the first and successful Digital currency and it is increasing very rapidly so many people are only investing in BTC. They only know crypto just because of BTC. The second one is that we all know that all altcoins depend on BTC. SO BTC is the king of all coins.

Bitcoin is the major cryptocurrency, this is the first thing to say to introduce cryptocurrency to anyone though I have to agree that there’s no use for Bitcoin compare to other altcoins, it doesn’t affect Bitcoin at all because people show respect to BTC and they believe on it that’s why it remains on top. Bitcoin becomes more of  an investment because of its value, many are investing to create profit, that is the normal scenario with Bitcoin.

[topbitcoin]

Bitcoin itself is what people knew first when they jump into crypto. And it is core of cryptocurrency when we can see almost all pair is started with BTC. I think with that 2, or maybe with bitcoin community which maybe created first and got a lot of users, and it means a lot of demands can cause it to be top 1 coin.

[xiboothrezi]

Just to let you know, the invention of bitcoin is what begot altcoin, bitcoin has been in existence for long before altcoins where been created, bitcoin being the oldest is the most popular and trusted cryptocurrency so far and this is more reason which it's at the top, no matter the condition of a father he is still the head of the family, the fact that the new blockchains are doing much more better than bitcoin doesn't mean bitcoin has lost it's purpose of creation.

the first one to come always gives a special impression, moreover, the development is very good, the trend always rises in the first decade of bitcoin's birth. although many new altcoins emerge with better technology, strategies, and real fundamental functions that are really needed, all of them will still refer to bitcoin. If we have an analogy, bitcoin is like the center of the solar system, although many new stars appear every day, the sun is still a special star in the solar system.
The highest market capitalization of BTC, traded in all crypto markets as a pair, market confidence is so strong that it has a large number of holders, making it a promising investment even with high risks. for those who like a challenge this will be a new thing to try.

[livingfree]

Bitcoin itself is what people knew first when they jump into crypto. And it is core of cryptocurrency when we can see almost all pair is started with BTC. I think with that 2, or maybe with bitcoin community which maybe created first and got a lot of users, and it means a lot of demands can cause it to be top 1 coin.

Also, its network is very much secured.

But being the first of them all also has a factor, if there's another name for the first cryptocurrency then it would be the other thing. Although not just being the first.

There are other factors like it's a lesser and fixed supply which matters a lot.

[Lanatsa]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

No role itself? LOL!

If you do consider that bitcoin is the king of crypto or the first one then you wouldn't really have any doubts about it and don't question out because the community would surely or mainly support

and  if ETH is  really that good enough then it would really be on top 1 no doubt but the community would be the one will really be the main decider on  whose gonna be on top.

If you do really believe that its ETH then its your choice but you cant blame out the community decisions.

[wxa7115]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

You are letting yourself to be impressed over nothing, ethereum has allowed all of those things to exist, are we better because of them? Of course not, millions of people have lost their money investing in all of those useless coins and projects.

Bitcoin is robust, you may think that being a currency is not very exciting but it is not supposed to be, bitcoin is supposed to become the cornerstone of this market and when an economic crisis comes there is nothing more valuable than something that can become a store of value, also even if ethereum is widely being used to speculate, who is actually buying anything with ethereum? Almost all of the transactions that include a real exchange of value use bitcoin and nothing else which gives bitcoin its massive value compared to any other coin that we have in the market.

[Vaculin]

It wasn't new to hear this question, honestly.

But this is my take..Bitcoin is made first and it is simply to find more unique and more useful in the community which makes people give more interest in Bitcoin than the altcoins. And that other reason is that because of its price, that really growing and it was very enticing enough for the people to take some risk hoping that someday they earn more.

[mhine07]

Because bitcoin is the first cryptocurrency that have been develop to introduce in the world of cryptocurrencies. Etherium and other altcoins existed because of bitcoin, simply without bitcoin there are no crypto now. A lot of people now change their life because of bitcoin which is most profitable than gold.

[Sithara007]

Also, its network is very much secured.

But being the first of them all also has a factor, if there's another name for the first cryptocurrency then it would be the other thing. Although not just being the first.

There are other factors like it's a lesser and fixed supply which matters a lot.

Security is the biggest advantage, IMO. Bitcoin may be the first "cryptocurrency" as per our definition. But there were attempts earlier. One of the first attempts was in 1998, when Wei Dai came up with his proposal for B-Money. Then there was Bit Gold from Nick Szabo. Perhaps the most important of the innovations of that time was Hashcash. But none of these innovations could garner widespread acceptance, like the way Bitcoin did. So I believe that the advantage with Bitcoin lies with it's security, and not with the fact that it was the "first".

[Traderbtcc]

Can the created bigger than his creator?

A very good question, the created van never be bigger than the creator in this case, bitcoin was the first ever cryptocurrency that actually gave people financial freedom and has been do so for years now, no matter how good these new protocols or blockchain platforms are today they won't be able to surpass bitcoin, because bitcoin gave birth to every single cryptocurrency on the market, any real investor will always buy more of bitcoin than any altcoins in the market.

[livingfree]

Also, its network is very much secured.

But being the first of them all also has a factor, if there's another name for the first cryptocurrency then it would be the other thing. Although not just being the first.

There are other factors like it's a lesser and fixed supply which matters a lot.

Security is the biggest advantage, IMO. Bitcoin may be the first "cryptocurrency" as per our definition. But there were attempts earlier. One of the first attempts was in 1998, when Wei Dai came up with his proposal for B-Money. Then there was Bit Gold from Nick Szabo. Perhaps the most important of the innovations of that time was Hashcash. But none of these innovations could garner widespread acceptance, like the way Bitcoin did. So I believe that the advantage with Bitcoin lies with it's security, and not with the fact that it was the "first".

Don't forget about e-cash by David Chaum in 1983.

Well, these ideas are forming from one to another and being built with those ideas that came first. But I do agree that with all of those ideas and development.

Only the biggest success is with bitcoin.

[tabas]

I think Bitcoin is currently able to survive and be number 1 because maybe the trading volume in bitcoin has an important influence on bitcoin rankings that other coins can't beat.

Other coins will never beat bitcoin at this time. It's been discussed for years that there might be some good coins that will rise but nothing ever happened and most of them are all not good coins.

some time ago there was a coin that wanted to replace bitcoin but it didn't last long.

Not just a coin but plenty of coins and projects that have thought of it.

[elisabetheva]

Bitcoin is like gold in crypto world, yes. It's even more rare by the way, cause we know that the max supply is 21 million here, and for gold it's undefined. Btc is like some kind of collectible item also.

because of the limited number and the demand is quite a lot resulting in the value of bitcoin always reaching the highest number, it can be seen from the market cap obtained by bitcoin so far no one has been able to approach it, let alone be able to get rid of it. so it's clear bitcoin as you also say, that bitcoin is not only crypto gold but has become a rare diamond.

[RussianEnglishTranslation]

Bitcoin is just a test before mainstream adoption comes. When utility kicks in, cryptos like XRP and NEAR will be major winners because of their real world utility.

[darahjuang]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

In my opinion, considering BTC is the same as gold in the FIAT market.
What makes BTC high in my opinion is because Bitcoin is an anti-inflation cryptocurrency. Unlike the currency in the real world. That's in my view. Plus its influence on Altcoins in the crypto market.

[King Khaizan]

The digital currency, Bitcoin, has recently been widely discussed by the public. More and more people are interested in knowing and acquiring Bitcoin, as its rumored exchange rate is getting higher and higher.

Bitcoin is growing in popularity, especially after billionaire owner of Tesla Inc, Elon Musk, via his Twitter account, expressed his support for the new currency.

Musk said it was a bit late in realizing Bitcoin's potential, noting that he should have bought the currency eight years earlier.

The comment, followed by the tagging of "#bitcoin" on his Twitter profile, pushed the digital currency's value up 14 percent that time.

So, what is Bitcoin?

Bitcoin, often described as a cryptocurrency, virtual currency or digital currency, is a completely virtual type of money. In simple terms, Bitcoin can be thought of as a digital version of cash. Bitcoin owners can use the digital currency as a means of payment to buy products or pay for services. The inventor of Bitcoin is Satoshi Nakamoto, who is known to have launched the digital currency for the first time on the internet in 2009. However, Nakamoto's real identity is still uncertain as the name is apparently an alias. There are several people who claim to be the owner of the pseudonym. So far, there are already several services that accept Bitcoin as a means of payment, one of which is PayPal. Bitcoin can even be used to buy cars made by Tesla Inc.

Bitcoins become valuable because people are willing to exchange them for tangible goods or services, and even willing to exchange them for cash.

[DeathAngel]

Bitcoin is number 1 because it’s the best, it’s really that simple. There are only a small % of entire marketcap left to be mined. It’s deflationary, it’s decentralized. In all honesty most alts are centralized shitcoins.

[Dedewahyu]

IF what is meant by top 1 in the coinmarketcap ranking, because bitcoin has the largest market capital volume at this time $854,003,404,226 , maybe one day the number 1 position will be replaced if there is an alt coin that can exceed bitcoin's market capital. but it is very unlikely that other coins will flip bitcoin's number 1 position, because the current market movement is still following the bitcoin price movement, if bitcoin goes up almost all coins will go up and if the bitcoin price moves down then other coins will follow.

[llecrf]

Does BTC act like gold in the fiat market? 
I don’t understand why this currency is still mainly on the cryptomarket. If we take the top 2 ETH, then this token has a huge technological potential with its ICO, NFT, DEFI also has multiple cross-chains that expand the ETH ecosystem.
What keeps BTC so high? If we speak openly, then BTC has no role in itself, it's just a dummy compared to other technologies on the other crypto

P.S. This is my opinion I just want to know

Some altcoins are ideas that have been created by sathosi, you can see ICO because projects need funds to develop projects, one thing I want to know from you, has Bitcoin developers ever done ICOs to develop Bitcoin's first Blockchain, I don't think so.
The price of Bitcoin is increasing because the supply is limited and it costs a lot of money to buy mining equipment, you can't see ETH and other altcoins if Bitcoin is not created.

[dataispower]

Because it has 60% of the entire global market cap, the first in the game, it is most trusted by people altcoins are feeble attempt to solve problems which they are not even consistent with. Bitcoin has a story which is clear and understandable. It doesn't rely on anyone to be used. It is the most available. There is no Centralized Exchange without Bitcoin, almost everything revolves on the existence of Bitcoin on the Blockchain ecosystem. You can get your answer here.