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Author Topic: Why Does BTC growing faster??  (Read 865 times)
Shamm (OP)
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October 23, 2021, 01:43:57 PM
 #1



Why does btc growing faster than other Cryptocurrencies?

What makes people chooses bitcoin?

Does bitcoin going up forever?



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October 24, 2021, 02:18:26 AM
 #2

It doesn’t actually grow faster than other cryptos, it has a large market cap and it takes longer for it to reach a certain %s. Comparing it to alts it grows much slower. Why is it popular? Well because it was the first and it’s the most secure when it comes to securing the blockchain.

Will another alt exceeds bitcoins market cap? It’s possible however I don’t think it will be anytime soon. Ethereum is close but it has its issues too like Bitcoin, for example the ETH gas fees people have to pay right now. No coin is perfect. Some have their pros and cons.

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October 24, 2021, 03:52:11 AM
Merited by JayJuanGee (1)
 #3

It doesn’t actually grow faster than other cryptos,
"Grow" is different than "price rise". Bitcoin growth is a combination of price rise, merchant adoption, network (nodes/miners/etc) growing bigger, institutional investors, ... With that definition the altcoins don't even have growth, they just have pump and dumps.

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Comparing it to alts it grows much slower.
True, bitcoin does not get pumped but that also means it does not get dumped. When bitcoin price goes from $1000 to $2000 it remains there and then it goes to $4000 then $10000 then $60000 and then $1000000.
But when an altcoin price goes from $100 to $200 it then falls down to $90 then falls more to $50 then they pump it a little to $60 and eventually it falls to $0.01.

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Why is it popular? Well because it was the first
Wrong. There were other attempts before bitcoin to create a similar "currency" and they all failed. Bitcoin succeeded because Satoshi came up with the only working solution that could provide security and decentralization and a lot more.
The reason why nothing has reached bitcoin's success has nothing to do with it being the first, it is all about the fact that to this date we have not seen any serious project that provides any actual utility.

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Will another alt exceeds bitcoins market cap? It’s possible however I don’t think it will be anytime soon.
It has happened at least a dozen times in the past. Market cap is a wrong value for cryptocurrencies and it can easily be manipulated to be any number.

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Ethereum is close but it has its issues too like Bitcoin,
You are wrong on both accounts.
ETH problems are so much more serious and fundamental and they don't exist in bitcoin.
For example bitcoin has some troubles with its scaling which was already solved by second layer proposal while ETH has serious scaling issues that has led to transaction fees that are 10 times higher than bitcoin's!
Also ETH has fundamental flaws such as centralization and lack of immutability that are essential to any blockchain and other flaws such as the massive premine and on top of all that there are a lot of security flaws in its protocol and to name one: the smart contracts.

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October 24, 2021, 05:13:22 AM
 #4



Why does btc growing faster than other Cryptocurrencies?

What makes people chooses bitcoin?

Does bitcoin going up forever?


BTC has strong fundamentals and has a fast recovery mode compared to other coins. so it is clear that bitcoin is in great demand by everyone, especially large investors who have previously been involved in investing in bonds, stocks and so on. Investors who are experienced in the investment world are unlikely to invest in coins that have weak fundamentals.

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October 24, 2021, 05:28:21 AM
Merited by pooya87 (2), JayJuanGee (1)
 #5

Will another alt exceeds bitcoins market cap? It’s possible however I don’t think it will be anytime soon. Ethereum is close but it has its issues too like Bitcoin, for example the ETH gas fees people have to pay right now. No coin is perfect. Some have their pros and cons.
Marketcap is just a number hence it can be easily manipulated by having massive amount of circulating supply. I ready if Elon Musk would have continued pumping dogecoins for few more days then dogecoin might have got into 1st rank in coinmarktcap listing. So, exceeding bitcoin's marketcap doesn't signal any alarm anything among crypto adapters for sure.

What makes people chooses bitcoin?

Does bitcoin going up forever?
People choose bitcoin due to the innovations it has brought up and it may keep increasing at least 10x on every four years because its supply is getting reduced half on every  four years. If you study the basic characteristics of bitcoin then you will come to know why people prefer bitcoin than other coins and why it has huge value right now and why it is expected to keep going up forever.

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October 24, 2021, 06:05:10 AM
 #6


Why does btc growing faster than other Cryptocurrencies?

It's because Bitcoin has a lot of support from investors since the beginning, and then it involved as one of the best speculative assets because of regular traders like you and me and the majority of us here. And then lately, we have institutional money and then huge companies hedging their asset to it.

What makes people chooses bitcoin?

Bitcoin is the prime mover, Bitcoin started this whole revolution.

Does bitcoin going up forever?

Fundamentals are growing stronger every year and possible that the price might grow in the future.

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October 24, 2021, 07:48:55 AM
 #7

I think its growth is pretty much capped already, it's just that people are actively looking to adopt its capabilities nowadays compared to when it first started. It's like having a good idea, but it isn't exactly implemented due to it being unknown however, once people start to get to know it and see its value, investors would simply just pop out here and there. It may have took 10 years, but it could also be said to have just took 10 years to reach where it is right now.

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October 24, 2021, 08:45:18 AM
 #8

Why does btc growing faster than other Cryptocurrencies?
Too many factors and one you can think about because it's the starter, the firstborn of cryptocurrencies.

What makes people chooses bitcoin?
Well, the choice being the first is truly a big reason why many have confidence in bitcoin over any other altcoins. I'll ask you a question, where do you want to invest? to bitcoin that has been proven to be stable at the top or to an altcoin that's on the hype for the past few years but you're still unsure if it will be staying there?

Does bitcoin going up forever?
Going up forever is an overstatement. There's nothing that lasts forever but on this matter, we can confidently say that bitcoin is here to stay.

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October 24, 2021, 09:09:01 AM
 #9

People choose bitcoin due to the innovations it has brought up and it may keep increasing at least 10x on every four years because its supply is getting reduced half on every  four years. If you study the basic characteristics of bitcoin then you will come to know why people prefer bitcoin than other coins and why it has huge value right now and why it is expected to keep going up forever.
At the same time, we cannot expect that all the new people are understanding all the features and innovation of bitcoins but they do adapt bitcoin because it is highly profitable. Moreover, being highly profitable is also another characteristics of bitcoins but it is explicitly visible and could be used by anyone hence it must be playing a vital role on attracting new people by leaving off all other coins.

The expectation of repeating of what bitcoin has performed in its last 11 year must be the inner of point of what I have explained above.

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October 24, 2021, 10:50:16 AM
 #10

1.Because Bitcoin is simply better than all other cryptocurrencies.

2.People choose Bitcoin because it is the most trusted and secure cryptocurrency and because Bitcoin is being appreciated by some rich and famous people,like Jack Dorsey or Elon Musk.

3.What makes you think that Bitcoin is growing "faster"?I don't have the feeling that BTC growth is faster or slower,compared to the growth of any altcoin in the crypto market.
Growth isn't equal to price increase.

4.No,Bitcoin (I guess you mean the Bitcoin price) won't grow "forever".We don't know what will happen to Bitcoin in the distant future,so we can't predict any process,that will continue FOREVER.
There will be price corrections and bear markets,but in the long term,the price will grow up.

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October 24, 2021, 11:37:18 AM
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 #11

What makes people chooses bitcoin?
There is no one reason why people choose Bitcoin, each individual or organization that choose Bitcoin has their reason for doing so, some want a hedge, others want an alternative currency; but generally its decentralized form and the control and freedom of funds the network offers is a big advantage and a great reason why people are allured to the network, the government controls quite a lot of things in our lives, including our finances, so a network were users are their own bank is really attractive to quite a lot of people.

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October 24, 2021, 12:32:30 PM
 #12

Why does btc growing faster than other Cryptocurrencies?

If you mean the growth on the basis that the change in the price, until the year 2014, Only bitcoin was growing and most of altcoins was attempt to solve the problems of the bitcoin.
The age of the bitcoin is greater than altcoins, and therefore its price must be *Better* than altcoins/

What makes people chooses bitcoin?
And what makes them not like it? Or how did you know that they are?


Does bitcoin going up forever?
Only when dollar = 0
Say that something will grow forever is impossible and so far Bitcoin in the short term sometimes grows and sometimes crashes.


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October 24, 2021, 01:03:34 PM
 #13

Why does btc growing faster than other Cryptocurrencies?

At first, there were miners who ruled. Then came retailers. After them, came the merchants and finally, it got extreme adoption when institutions started backing it. Bitcoin grows slow and steady, I never saw it growing "that fast" you're talking about.

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What makes people chooses bitcoin?

Bitcoin has a highly secured network which takes into account a very huge amount of mining equipment involved in order to keep the security of its Blockchain very very tight. No other altcoins give such assurance as well as security that Bitcoin provides.

Quote
Does bitcoin going up forever?

It depends on the demand alone as its supply is very less compared to what people are demanding today for. And if the demand continues to rise like crazy, FOMO will definitely build up and greed will take place which will surely make BTC go high more in price.

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October 24, 2021, 03:45:05 PM
 #14

In my opinion Bitcoin will always lasting  forever. Now a days it's demand very high what's why it growing faster another thing is that BTC is Mother Coin and it is very trusted all of them crypto currency .

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October 24, 2021, 04:18:12 PM
 #15

In my opinion Bitcoin will always lasting  forever. Now a days it's demand very high what's why it growing faster another thing is that BTC is Mother Coin and it is very trusted all of them crypto currency .
No one can guarantee that the crypto market will last the price of this digital currency fluctuates a lot like the stock market prices may vary from one day to the next. El salvador has recently legalized the digital currency bitcoin as an alternative to daily money transactions prices are also rising due to high demand for investment.
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October 24, 2021, 06:39:00 PM
 #16

Why does btc growing faster than other Cryptocurrencies?

At first, there were miners who ruled. Then came retailers. After them, came the merchants and finally, it got extreme adoption when institutions started backing it. Bitcoin grows slow and steady, I never saw it growing "that fast" you're talking about.

Quote
What makes people chooses bitcoin?

Bitcoin has a highly secured network which takes into account a very huge amount of mining equipment involved in order to keep the security of its Blockchain very very tight. No other altcoins give such assurance as well as security that Bitcoin provides.

Quote
Does bitcoin going up forever?

It depends on the demand alone as its supply is very less compared to what people are demanding today for. And if the demand continues to rise like crazy, FOMO will definitely build up and greed will take place which will surely make BTC go high more in price.
Yes. I guess its more on its demand and supply. Now that bitcoin has more demand compared to altcoins, then its value will definitely go much higher than altcoins. But still, there is no guarantee that bitcoin will always stay on the top. It may have a large market cap plus a secure blockchain, but no one knows exactly if its value will keep on rising. One thing i am certain, the goal and trend of bitcoin is always moving upward, although it has its flaws that sometimes make it dump, but it never stays there for long, its really bound to make a higher value from time to time.

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October 24, 2021, 08:30:36 PM
 #17

Why does btc growing faster than other Cryptocurrencies?

What makes people chooses bitcoin?

Does bitcoin going up forever?
Bitcoin is the top options and many still believe on this despite that other projects are way better than Bitcoin, well Bitcoin started this market so technically many will respect that and this is why they are into Bitcoin. When you say cryptocurrency other people knows it about Bitcoin. Bitcoin is not going up forever, it is very volatile so anything can happen just choose Bitcoin if you’re ready for that risk.
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October 24, 2021, 09:50:00 PM
 #18

Why does btc growing faster than other Cryptocurrencies?

What makes people chooses bitcoin?

Does bitcoin going up forever?
This was the case back in the day, so I can't say if that is the case today as well. However back in the day people got into bitcoin first, then got into alts later. It was basically "buy bitcoin to buy eth" type of deal even for the highest ones. Nowadays you can buy many coins with fiat, so that is probably not the case.

However, I still believe that majority of the investors first start with bitcoin and then go into other stuff later on. This is why I believe we see bitcoin go up first and then when it reaches to a level we start to see stuff that are mainly focused on alts hence named alt season. I can't say if that is the case all the time, but it is certainly a point we should look at.
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October 24, 2021, 10:36:34 PM
 #19



Why does btc growing faster than other Cryptocurrencies?
Its price becomes more volatile as the buying demand is growing just like what we have this time.

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What makes people chooses bitcoin?
The profit gain potential of Bitcoin encourages people to invest. And aside from that, it can be use also as a mode of payment unlike the other cryptocurrencies.

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Does bitcoin going up forever?

FOREVER?
That has become uncertain but as long as Bitcoin exists and people find its importance, Bitcoin will become more valuable compared today. That is why many people, business owners/merchants are accumulating this while the price is low as it might possible that it doubled or tripled many years from now.

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October 25, 2021, 01:24:25 AM
 #20



Why does btc growing faster than other Cryptocurrencies?

What makes people chooses bitcoin?

Does bitcoin going up forever?



Actually has a long process in its popularity, but maybe in your view... it is faster than other cryptocurrencies.
We know Bitcoin is the mother of cryptocurrencies, which in the first place will certainly be the one that is more in demand and of course more powerful and has more popularity than other cryptocurrencies. Bitcoin is something that has been well-received for its role, making its value increasingly superior and remaining higher throughout the history of price movements in the cryptocurrency market.
You don't need to doubt about Bitcoin, Bitcoin is getting to its peak, Bitcoin will bring new changes to the world, where humans will have a stronger bond with Bitcoin for all its advantages.
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