Why is BTC still top1 on the cryptomarket?

[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.