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Author Topic: Bitcoin is King  (Read 961 times)
Catenaccio (OP)
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November 14, 2023, 12:39:04 AM
 #1

Bitcoin Genesis block is mined on 3rd January 2009 and after that, many Bitcoin blocks found by miners. Many developers created abundant altcoins and they are even uncountable. Coinmarketcap or Coingecko tracked not all of altcoins and many of shitcoins die after a few hours because they are created by scammers and only appear on decentralized exchanges with liquidity pools from scammers to steal money from people who want to get rich without knowledge.

After many years, Bitcoin is King.


The graphics is for 2015 and later years but you can use Historical Snapshots from Coinmarketcap to have ranking tables back to 2013.

2013 snapshot: https://coinmarketcap.com/historical/20130428/
2014 snapshot: https://coinmarketcap.com/historical/20140105/


More impressive if we expand it to global companies. They can come and go, die but Bitcoin is here and its rank will be higher with time.
https://companiesmarketcap.com/assets-by-market-cap/

Bitcoin has very good progress in ranking since 2020.
2020 snapshot: https://web.archive.org/web/20201112021924/https://companiesmarketcap.com/assets-by-market-cap/
2021 snapshot: https://web.archive.org/web/20211108194957/https://companiesmarketcap.com/assets-by-market-cap/
2022 snapshot: https://web.archive.org/web/20221030195210/https://companiesmarketcap.com/assets-by-market-cap/

2020

2021

2022

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November 14, 2023, 03:19:12 AM
 #2

Bitcoin is king because :

1) It was the first crypto coin. People associate crypto with Bitcoin.

2) It has a solid foundation. Developers made this coin with long term vision.

3) It is a good option for current investors alao because it proved its worth in last 13 years.
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November 14, 2023, 04:11:38 AM
 #3

Yes, bitcoin is a king, Do you have any doubts?

Everyone already knows Bitcoin leads in cryptocurrency and the world's new economy, and also leads the all cryptocurrency coins or tokens.

You already show more examples of 'Bitcoin is a real king'.

More article source.
https://www.forbes.com/sites/lawrencewintermeyer/2022/09/01/in-bear-crypto-markets-all-roads-lead-to-bitcoin/?sh=4148598b5815

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November 14, 2023, 04:15:50 AM
 #4

Bitcoin is the king of all cryptocurrencies it goes without saying because other coins are dependent on Bitcoin but Bitcoin is not dependent on any coin. Other coins are dependent on a third party but Bitcoin is a currency that has no ownership of its own or ownership that has not yet been disclosed. So it has monopolized the highest position in the market.

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November 14, 2023, 04:21:47 AM
 #5

Bitcoin is the king of all cryptocurrencies it goes without saying because other coins are dependent on Bitcoin but Bitcoin is not dependent on any coin. Other coins are dependent on a third party but Bitcoin is a currency that has no ownership of its own or ownership that has not yet been disclosed. So it has monopolized the highest position in the market.
You cannot really be dependent on any if you were the beginning of this financial freedom movement right? I think that's just how it is with bitcoin, the people knows bitcoin the most and so that's the one that they care to get into more compared to other crypto out there. Also, the idea that bitcoin is also benchmark or basis for a lot of crypto out there is such a good way to explain why bitcoin will always be king and even if you just look at how is bitcoin doing, you can easily learn about the current market situation.

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November 14, 2023, 04:33:44 AM
 #6

Bitcoin is king because :

1) It was the first crypto coin. People associate crypto with Bitcoin.

Bitcoin was not the first crypto coin to appear, but Bitcoin was the first crypto coin that succeeded in capturing a lot of public attention so many people thought Bitcoin was the first. The first cryptocoin was eCash which was developed by the DigiCash company in 1990
https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/

2) It has a solid foundation. Developers made this coin with long term vision.

It is true that Bitcoin has a strong foundation and that is in its solid community which continues to develop this coin well so that many things arise to bring down this coin to no avail because the market still makes it the main choice in the market, so far it is true that Bitcoin is the king of dozens of existing coins.

3) It is a good option for current investors alao because it proved its worth in last 13 years.
Other coins that appear are only developed for the purpose of enriching their developers, that's why you will see how many trash coins appear and when they first appear they are always said to have potential but the passage of time proves that they are really trash coins. Bitcoin has been around for a long time and those who believe in its future development will get the opportunity to make good profits from investing.

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November 14, 2023, 05:43:47 AM
 #7

  For me, the reason why Bitcoin became king is because he is always at the top, and when he is said to be like a king, he is always followed by those who are below him in terms of price value.

  Because it has been witnessed by other communities here in the past few halvings, when the value of Bitcoin increases, most potential cryptocurrencies also follow its rise, and if the value of Bitcoin falls, most or all other cryptocurrencies also follow the fall in the price value they have.

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November 14, 2023, 05:54:55 AM
 #8

1) It was the first crypto coin. People associate crypto with Bitcoin.
Bitcoin is not a first cryptocurrency.
Before Bitcoin, you have Digicash, Cybercash, e-gold, Hashcash, B-money, Bitgold.

Bitcoin for everyboy from Saylor Academy: Bitcoin Prehistory

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November 14, 2023, 08:21:05 AM
 #9

Bitcoin should not be compared with any other crypto coins that are introduced later after the success of Bitcoin. Bitcoin is one of its kind and unique in that no other asset can even replicate the advantages, the decentralization, and the privacy it provides. It's literally a balance of everything and the most important unique selling point (USP) of Bitcoin is it's Bitcoin Halving System. That's some great way to reduce the supply of Bitcoin in a calculated manner.
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November 14, 2023, 08:57:10 AM
 #10

Bitcoin should not be compared with any other crypto coins that are introduced later after the success of Bitcoin. Bitcoin is one of its kind and unique in that no other asset can even replicate the advantages, the decentralization, and the privacy it provides. It's literally a balance of everything and the most important unique selling point (USP) of Bitcoin is it's Bitcoin Halving System. That's some great way to reduce the supply of Bitcoin in a calculated manner.


Well, you compared BTC yourself to other coins. It has many advantages, including decentralization and privacy. You easily can compare it to other coins and say that it's better.
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November 14, 2023, 09:13:36 AM
 #11

Bitcoin is king because :

1) It was the first crypto coin. People associate crypto with Bitcoin.

2) It has a solid foundation. Developers made this coin with long term vision.

3) It is a good option for current investors alao because it proved its worth in last 13 years.
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November 14, 2023, 09:37:54 AM
 #12

No contest.

If we're going to compare Bitcoin with the altcoins, it is definitely the king and all of the altcoins even Ethereum are just pawns of it.

It's such a nostalgic era looking at that chart when those unpopular altcoins now have been the top ones. I guess that we've just seen a huge shift on this market in terms of altcoins.

But, we have no change at all for Bitcoin as it remains at the top.



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November 14, 2023, 09:39:33 AM
 #13

  For me, the reason why Bitcoin became king is because he is always at the top, and when he is said to be like a king, he is always followed by those who are below him in terms of price value.

  Because it has been witnessed by other communities here in the past few halvings, when the value of Bitcoin increases, most potential cryptocurrencies also follow its rise, and if the value of Bitcoin falls, most or all other cryptocurrencies also follow the fall in the price value they have.
Bitcoin is said to be king because it is decentralized in nature.
2. It has limited supply which is 21m
3. It is used for payment without a third party across boarders.
4. Bitcoin stands as an hedge to inflation.
5.Bitcoin is also use as a store of value and an asset.
6. All altcoins depends on bitcoin price movement.
7. The halving event.

R


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November 14, 2023, 10:08:47 AM
 #14

Bitcoin should not be compared with any other crypto coins that are introduced later after the success of Bitcoin. Bitcoin is one of its kind and unique in that no other asset can even replicate the advantages, the decentralization, and the privacy it provides. It's literally a balance of everything and the most important unique selling point (USP) of Bitcoin is it's Bitcoin Halving System. That's some great way to reduce the supply of Bitcoin in a calculated manner.


No doubt bitcoin is the king, and it will remain the king of all cryptocurreny,ever since the inception of bitcoin in 2009 bitcoin has become the most important cryptocurrency on the market, and bitcoin will remain the most important crytocurrency on earth till da kindom comes.
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November 14, 2023, 10:31:01 AM
 #15

Bitcoin is always the king of cryptocurrencies there is no doubt in this. People mostly did not believe on Bitcoin that it will crash or will lost its value in the upcoming days and this rumors start from the beginning but still Bitcoin is dominant in the world and gain its popularity day by day. Those persons who did not know about Bitcoin or even don't know of cryptocurrency saying this. At every bull run reach to it's All time highest digits and giving more profits to the investor. It's true that after some time Bitcoin come down I think last time came to 10k$ but why they did not see it's price at the bull run. At every investment, there are losses you can not earn a lot of profit without any loss and they know this but still, they hating Bitcoin for this. I am especially to beginners do not pay attention to this type of rumor,  those people who have nothing are mostly spreading rumors those who have some money and assets will support Bitcoin and they know the quality of Bitcoin.
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November 14, 2023, 10:38:50 AM
 #16

Bitcoin should not be compared with any other crypto coins that are introduced later after the success of Bitcoin. Bitcoin is one of its kind and unique in that no other asset can even replicate the advantages, the decentralization, and the privacy it provides. It's literally a balance of everything and the most important unique selling point (USP) of Bitcoin is it's Bitcoin Halving System. That's some great way to reduce the supply of Bitcoin in a calculated manner.

Well, you compared BTC yourself to other coins. It has many advantages, including decentralization and privacy. You easily can compare it to other coins and say that it's better.

ImThour has a good point in saying Bitcoin cannot be compared to other crypto coins.

Knowing something is the best among the good because there is more than one object and we can find out which object is the best because after going through certain research such as research on hedging, resilience and other research for comparison.

Bitcoin is king, I agree Bitcoin is the king of all coins. Because other coins follow Bitcoin's movements. Bitcoin is an investment asset that continues to increase in trust.

R


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November 14, 2023, 10:44:54 AM
 #17

  For me, the reason why Bitcoin became king is because he is always at the top, and when he is said to be like a king, he is always followed by those who are below him in terms of price value.

  Because it has been witnessed by other communities here in the past few halvings, when the value of Bitcoin increases, most potential cryptocurrencies also follow its rise, and if the value of Bitcoin falls, most or all other cryptocurrencies also follow the fall in the price value they have.
Bitcoin is said to be king because it is decentralized in nature.
2. It has limited supply which is 21m
3. It is used for payment without a third party across boarders.
4. Bitcoin stands as an hedge to inflation.
5.Bitcoin is also use as a store of value and an asset.
6. All altcoins depends on bitcoin price movement.
7. The halving event.

Without making a comprehensive long post about why bitcoin is king of all cryptocurrency, you have simply summarized some of it's outstanding attributes. Bitcoin is the first crypto and it introduced decentralized digital currency into the financial system, it has no boundaries. Unlike fiat, that the printing of it's currency has no limit, bitcoin from creation has already been given a limited supply, very unique. The bitcoin p2p transaction is the first of it's kind, that does not require any centralized influence, except by choice of using exchanges. Many investors in bitcoin, have become richer, because of it's potentials, as a business currency.

Bitcoin is a pacesetter for altcoins, it stands on it's own as "the king" of them all. Altcoins follows it's patterns to have relevance in the crypto market.

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November 14, 2023, 10:45:44 AM
 #18

Another thread that will soon turn into a mega thread, since the statement about Bitcoin’s leadership, especially on the forum about it, does not raise any doubt. Great topic for filling your signature quota.
Is anyone ready to guess how many pages will be dedicated to this topic? Cheesy

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November 14, 2023, 10:51:26 AM
 #19

That's some great way to reduce the supply of Bitcoin in a calculated manner.

Bitcoin has a fixed total supply when all Bitcoin is mined.  The halving does not reduce this supply, it only reduces the incoming influx of coins to the market.  



Bitcoin has established its dominance ever since.  Although there are lots of new altcoins coming to challenge the dominance of Bitcoin, they all fell short due to the fact that Bitcoin had established its ground and people are somehow contented on the features Bitcoin gives especially being the best in network security.  There may be more advanced technology out there but the flaw in that altcoin security makes Bitcoin shine more.

I believe this is the advantage of being the first cryptocurrency to be greatly adopted and recognized by the government, they will have the most volume in the market and thus ca be said that Bitcoin is the king of cryptocurrency.



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November 14, 2023, 11:01:39 AM
 #20

Bitcoin is fast leading so many long time reputable organizations now because of what it has come to offer, it's true that bitcoin contains most answers to every financial economy challenges only if we make its rightful application to where necessary, bitcoin is no longer the king of cryptocurrencies alone, but king of all currencies, it's fourteenth year achievements is far better than other currencies decades achievements because of it huge success, yet we still have a continuous adoption of this decentralized currency because it's serving beyond it intended purpose.

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