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Author Topic: It is BITCOIN🤷🏻  (Read 76 times)
HeatBit (OP)
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Today at 04:02:19 PM
 #1

Here are questions and answers about Bitcoin that has deep meaning even though it's been answered with the most simplest answer of all, I am not looking for some credibility, I am new here and I just want to get something done.

Hope you all like it.  



Q: Bitcoin isn't the only proof of work coins, why are others dying and not Bitcoin?
A: simple, because it's Bitcoin, there is simply no other like it.

Q: We have Bitcoin Cash and Bitcoin Gold, why aren't they better than Bitcoin?
A: Simple, because it's Bitcoin, there is simply no other like it.

Q: Bitcoin is not the only decentralised coin, we have Decentralised Finance projects too, but they aren't doing so well, why?
A: Because it's Bitcoin, there is simply no other like it.

Q: Why would anyone use Bitcoin as money if the price keeps changing?
A: Simple, Because it's Bitcoin, there's simply  no other like it.

Q: Why shouldn't I hunt for other Early birds when Bitcoin is already overpriced?
A: Simple, because it's Bitcoin, there is simply no other like it.

Q: Why did Bitcoin creator decided to stay hidden after launching Bitcoin?
A: Simple, because it's Bitcoin, there is simply no other like it.

Q: Why are some people trying to prove that they are the creator of Bitcoin when they aren't?
A: Simple, Because it's Bitcoin, there is simply no other like it.

Q: Why is some people saying that Bitcoin mining is bad for the environment?
A: Simple, Because it's Bitcoin, there is simply no other like it.
Bitcoin-Forever
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Today at 04:34:18 PM
 #2

Also, permit me to say this,

You made the same replies as answers to all these questions that ought to be given different answers to.

This shows that you really don't know the response to them, but if you are going to be more active on this forum and keep learning, you will definitely improve more and more over time. That is why a platform like this is here for you to discuss Bitcoin.

1. Proof of work distinguish bitcoin from any other alternative currency, and this also gives a true definition to decentralization. Learn more here: https://www.investopedia.com/terms/p/proof-work.asp

2. BCH, otherwise called Bitcoin Cash, deviated from Bitcoin as a result of a dispute, and you can't expect them to form another project entirely to be more successful than the main one. Learn more here: https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/

3. DeFi makes use of blockchain to incorporate transactions for more than one network. Learn more here: https://www.investopedia.com/decentralized-finance-defi-5113835

4. I think you will need to read more about the Bitcoin white paper in this regard, but also know that Bitcoin is a volatile digital currency, and this will always be; know more about it here: https://calebandbrown.com/blog/bitcoin-volatility/

5. Where or how can you locate the early birds, when you can also maximize your prospect by adopting today and holding for the future.

6. Because of Privacy and decentralization, what we need is Bitcoin and not its creator.

7. No one will see a success like Bitcoin and wouldn't want to be attracted to it, although they lack every verdict that can make them claim ownership by signing a message here.

8. Probably because they are anti-Bitcoin or know nothing about the network.

I take my time to provide some answers to these questions as you have asked in their order sequentially. I will also advise you to read the pinned threads on each board and go through this mega resource for learning.

Guides for beginners with: https://bitcointalk.org/index.php?topic=5275357.0
Maine22K
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Today at 05:11:01 PM
 #3

I understand the point you’re trying to make that Bitcoin has characteristics that make it stand out from other cryptocurrencies. However, I think saying “because it’s Bitcoin” doesn’t really answer these questions. Bitcoin’s position today comes from factors like its network effect, decentralization, security, predictable monetary policy, and the trust it has built over many years. Those are the reasons it has remained dominant while many other projects have struggled. In my opinion, explaining why Bitcoin is different makes for a stronger argument than simply saying there’s no other like it.
BIT-BENDER
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Today at 05:24:21 PM
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Quote
Q: Bitcoin isn't the only proof of work coins, why are others dying and not Bitcoin?
A: simple, because it's Bitcoin, there is simply no other like it.

This answer actually make no sense, if I was trying to do my research on if Bitcoin is something for the long term going by how some other coins aren't sustainable, this answer will do nothing to help anyone who is new to figure things out. I think an answer is not a statement, you should explain simply why Bitcoin isn't like others.

Basically you have just made statements that to anyone already in Bitcoin can understand but those still trying to understand it won't find any of your answers helpful.

Donk1
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Today at 06:41:26 PM
 #5

The questions of Bitcoin that have been going around this space for years are often irrelevant to Bitcoin itself. Those who make use of the assets can testify it's not about why it stands out iit's about what makes it stand out, and the simple answer is trust in the millions if not billions of users who make use of it regardless of what others might say. It's obvious that everyone isn't looking for some shitcoins that don't have long term values. As values are determined by the potential of an asset and how long the asset has lasted in the market, for Bitcoin, it has proved itself so there is no need to start going over history again. If you believe, you believe. Bitcoin stands where it is because it earned it.....
Padi24
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Today at 07:26:25 PM
 #6

I understand the fact that you're just trying to get something done but that doesn't mean you will come up with something very confusing, because i seem not to get any meaningful information from what you have just said. I know you're just being so optimistic about Bitcoin, but going about it this way is very wrong because a lot of people might get confused especially newbies. So you mean if you're paid to advertise Bitcoin, this is what you're going to tell people? If so then I can assure you that you can't convince anyone to invest in bitcoin, unless those who are already interested in bitcoin from onset.

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