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Author Topic: So Bitcoin is King.. why is it?!  (Read 20646 times)

Offline therozaq

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Re: So Bitcoin is King.. why is it?!
« Reply #15 on: September 01, 2020, 05:06:50 PM »
I think because bitcoin is so popular and known by many people. Bitcoin which pioneered the birth of altcoins

I think the reason why bitcoin is the King, because bitcoin is most popular than other Crypto and the pioneer of Crypto currency.  When there is more potential and popular coin at the future, I think It will be replace bitcoin from the King position. Let's see.
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Re: So Bitcoin is King.. why is it?!
« Reply #15 on: September 01, 2020, 05:06:50 PM »

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Re: So Bitcoin is King.. why is it?!
« Reply #16 on: September 02, 2020, 03:04:04 AM »
Even though Bitcoin has slow transactions, high fees but in fact Bitcoin remains number one today,
actually bitcoin transaction fees are very cheap, which makes them expensive when making withdrawals on exchanges.
I have done transactions on a blockchain wallet and the transaction fee is not more than 1 usd, but on an exchange doing a single transaction costs around 3 usd.

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Re: So Bitcoin is King.. why is it?!
« Reply #17 on: September 03, 2020, 11:35:27 PM »
I think the reason why bitcoin is the King, because bitcoin is most popular than other Crypto and the pioneer of Crypto currency.
Yes, its popularity and the history behind the Bitcoin cannot be replaced by other crypto coins. Also, Bitcoin has a big influence on the values of other crypto coins. When the Bitcoin price is dropping, almost all crypto coin values are decreasing as well. I think this becomes one of the superiority of Bitcoin.


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Re: So Bitcoin is King.. why is it?!
« Reply #18 on: September 04, 2020, 02:18:19 AM »
I think the reason why bitcoin is the King, because bitcoin is most popular than other Crypto and the pioneer of Crypto currency.
Yes, its popularity and the history behind the Bitcoin cannot be replaced by other crypto coins. Also, Bitcoin has a big influence on the values of other crypto coins. When the Bitcoin price is dropping, almost all crypto coin values are decreasing as well. I think this becomes one of the superiority of Bitcoin.
That is indeed the advantage of bitcoin but on the other hand is the disadvantage for altcoins, if the altcoin price still follows the price of bitcoin it will be difficult for altcoins to raise the price, if it continues like this it is very unlikely that altcoins can beat the market capitalization of bitcoin.

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Re: So Bitcoin is King.. why is it?!
« Reply #19 on: September 04, 2020, 01:09:44 PM »
the first coin created is now called the king of all crypto currency. he mostly influence the.movement of market place and pull all the price in parallel to his movement. I would say, without Bitcoin crypto currency today would be meaningless. many people stay in crypto space because of Bitcoin.

I agree with you because the first cryptocurrency is bitcoin, and in the movement of the cryptocurrency market, bitcoin plays a very important role in it so that if the bitcoin price goes up, the altcoin price will also go up as well as when the BTC price drops, the altcoin price will also go down

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Re: So Bitcoin is King.. why is it?!
« Reply #20 on: September 04, 2020, 01:33:42 PM »
There's an explanation by Coindesk why Bitcoin is still king, please read https://www.coindesk.com/coindesk-50-why-bitcoin-still-king

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Re: So Bitcoin is King.. why is it?!
« Reply #21 on: September 04, 2020, 02:08:26 PM »
If in my opinion bitcoin is the king of crypto because the first crypto that was born and still exists today, bitcoin is also the price benchmark for other altcoins, so that's why bitcoin is called the king of crypto, in my opinion.
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Re: So Bitcoin is King.. why is it?!
« Reply #21 on: September 04, 2020, 02:08:26 PM »


Offline Tanimariya

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Re: So Bitcoin is King.. why is it?!
« Reply #22 on: September 04, 2020, 02:41:31 PM »
Bitcoin is the king of the cryptocurrency world. Everyone will remember this king. Any token must be exchanged with this bitcoin. Bitcoin is a popular and universal cryptocurrency. Compared to Bitcoin, no coin will match it. The popularity of bitcoin, however, should be maintained. Bitcoin is very important to manage the crypto market.

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Re: So Bitcoin is King.. why is it?!
« Reply #23 on: September 29, 2020, 06:54:46 PM »
The leader of the bitcoin cryptocurrency is the high expectation of participants in this market in the limitless growth of its price and the high level of its capitalization, which follows from the same expectation of its price growth. This may continue for several more years. If these expectations are not met, then the cryptocurrency market is in for a big shock. However, sooner or later it will inevitably be.

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Re: So Bitcoin is King.. why is it?!
« Reply #24 on: September 29, 2020, 07:13:51 PM »
Bitcoin is the best and king in the world of cryptocurrency.  People all over the world invest the most in this bitcoin platform.  This bitcoin is a very important coin to people all over the world.  The more people in the world are leaning towards this cryptocurrency world, the more the world is falling into their hands day by day.  We can't imagine that Bitcoin will one day reach a stage where it can be seen.  Bitcoin will go to the moon by 2020.  So we can say that Bitcoin is the best and cryptocurrency king of all coins
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Re: So Bitcoin is King.. why is it?!
« Reply #25 on: September 30, 2020, 06:20:01 PM »
There are so many reasons why bitcoin is king and the explanation is also true. But as a new investor, it might be looking for weaknesses in bitcoin so that they can overcome them if these weaknesses arise.
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Re: So Bitcoin is King.. why is it?!
« Reply #26 on: September 30, 2020, 07:05:58 PM »
The king is always the king.  Maybe Bitcoin prices are much lower now, but its investors and popularity are the most.  Most people around the world invest in this bitcoin platform.  This cryptocurrency will last as long as the world exists.  This cryptocurrency will never be destroyed.  It will improve a lot more.
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Offline Tanimariya

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Re: So Bitcoin is King.. why is it?!
« Reply #27 on: September 30, 2020, 09:13:53 PM »
Bitcoin position is at the highest level of the crypto currency market. But I think the price of Bitcoin is a bit low but in terms of its popularity there is no coin to replace Bitcoin. So Bitcoin is the best coin of all. The coin is located above the market. Because the number of users in Bitcoin has started to improve a lot. So I think Bitcoin’s beautiful future Bitcoin itself is a king of kings.

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Re: So Bitcoin is King.. why is it?!
« Reply #28 on: September 30, 2020, 11:14:25 PM »
There are some reasons why Bitcoin is the king of all crypto coins/tokens. I think most people in the crypto space already know how the existence of Bitcoin and how its roles in the crypto business. We can conclude the reasons for several big reasons below:
1. Its roles to influence most crypto coins/tokens.
2. Bitcoin to trigger the creation of altcoins/tokens.
3. Bitcoin becomes the pair of all crypto coins/tokens.
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Offline mlawson71

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Re: So Bitcoin is King.. why is it?!
« Reply #29 on: October 01, 2020, 05:18:48 PM »
Those are all very good points. Bitcoin was the first crypto, it's natural people are the most familiar with it.

 

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