Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: cryptorakibul on January 21, 2018, 10:57:02 AM
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I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).
Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.
1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!
2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.
3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.
4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.
5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.
So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.
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If in the cryptocurrency market the only cryptocurrency that dictates the price of all altcoins is bitcoin, then it can be called the king of cryptocurrency. Maybe someday there will be an uprising of altcoins and they will overthrow their dictator.
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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.
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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.
It will take several years to out of mind btc. Mind my word after 2-3 years it will not fill bad without bitcoin. Because after bitcoin Tether (cryptocurrency) dominance is enough. Now bitcoin is obviously king of crypto.
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You may say so about the weakness of BTC. I also can accept them because they are true. However regarding the fees, right now we can find some ways to decrease the fees, moreover if using the Electrum wallet, lightning network, and some others.
Aside from that, BTC is the one that is really acknowledged in the crypto world, has a big value, and also trusted enough for many more utility and also hodl.
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Yes of course Bitcoin is the king of all coins. Because Bitcoin is in the number one position in the coin market cap. We see the price of Bitcoin is the highest of all coins. Bitcoin is currently priced at 11,520$. 24 Hour Market Cap
$ 212,736,335,030
24 Hour Trading Vol
20,503,760,719
24h Low / 24h High
11,140.14 / $ 11,533.68
Circulating Supply
18,473,256 / 21,000,000
Fully Diluted Valuation
241,834,089,000
Max Supply
21,000,000
This is why Bitcoin is called the king of all coins.
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Bitcoin is one of the coins of all coins. This coin is in the number one position in the market cap. If this coin is not the most popular then you will not be able to come in the number one position in any direction. People all over the world trade with this bitcoin. Market Cap of Bitcoin
$ 212,736,335,030
24 Hour Trading Vol
20,503,760,719
This is why Bitcoin is called the king of all coins. Because we can see for ourselves what is its market cap and what is the trading volume for 24 hours. To me, Bitcoin is the most popular and favorite. This is why Bitcoin Cash is called the king of all coins.
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because this is the first cryptocurrency in the world, the developer is anonymous.
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Before I reply to this thread I will ask the members who are on this forum.
Why is Uranium the King of Nuclear Raw Materials?
This OP's question is like mine above.
Bitcoin became King because Bitcoin was the first cryptocurrency to be created and Bitcoin still has secrets for its creators!
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Before I reply to this thread I will ask the members who are on this forum.
Why is Uranium the King of Nuclear Raw Materials?
This OP's question is like mine above.
Bitcoin became King because Bitcoin was the first cryptocurrency to be created and Bitcoin still has secrets for its creators!
Yes, I agree with your opinion. The reason why bitcoin is the King of Crypto currency because It is the first crypto currency to be created and many screens for its creators. But We must know, Why bitcoin is still the biggest market cap ?? I think we must learn about the demand and supply of bitcoin. Till today, bitcoin is still the biggest.
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Bitcoin is the first in Cryptocurrency, so He deserves to be made the King of Cryptocurrency.
Even though Bitcoin has slow transactions, high fees but in fact Bitcoin remains number one today, because everyone knows Bitcoin is the best and most popular coin.
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Bitcoin is the most popular and demanded cryptocurrency and therefore investors are investing in Bitcoin and so far no other cryptocurrency has been able to reach the same heights as Bitcoin.
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Bitcoin is the king in cryptocurrency because it is the first one who started the process of cryptocurrency revolution. Bitcoin proves the success and reliability in digital asset. Since then the birth of huge crypto's has come.
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I have been hearing this back then and now. Meaning nothing had changed after the complain of many investors and until now bitcoin is unbeatable. If this is the situation is can say that bitcoin will continue to gain even more and more.
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I think because bitcoin is so popular and known by many people. Bitcoin which pioneered the birth of altcoins
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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In my opinion, the expression "king" for cryptocurrency is not quite right. For a decentralized cryptocurrency, this term expresses the opposite of its essence, namely the complete dependence of all types of cryptocurrencies on bitcoin. This is not entirely true. So far, we are talking only about price dominance in the market due to the high level of capitalization. In all other respects, cryptocurrency exists almost autonomously. Therefore, the term cryptocurrency leader is more suitable for bitcoin.
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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.
However, we often see that when the dominance of bitcoin falls, the altcoin season begins. And it is likely that one day the dominance will not return to its previous values and altcoins will stop moving for BTC
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Despite its limitations, Bitcoin is still considered the king of crypto by:
- Bitcoin is the first cryptocurrency, the crypto that brings new concepts of the decentralized economy;
- Bitcoin ushered in the era of a new form of currency to replace fiat;
- The BTC supportive community is very large;
- BTC is seen as a means of payment and storage of real assets;
- BTC's capitalization has always accounted for more than 50% of the total crypto market cap.
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Bitcoin is the first coin in crypto history. Bitcoin has the largest sales volume among other coins. This is proof that there are so many bitcoin fans. And it is worth calling bitcoin the king of coins.
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Obviously bitcoin is a king of all digital cryptocurrencies. Bitcoin is the number one digital cryptocurrency in the world cryptocurrency market. People are all over the world directly or indirectly familiar with bitcoin. Many countries already permitred bitcoin as their transaction system with banking systems.
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Because the identity of cryptocurrency is known from bitcoin itself. It has remained at the very first position and is still becoming famous in the world.
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Obviously bitcoin is a king of all digital cryptocurrencies. Bitcoin is the number one digital cryptocurrency in the world cryptocurrency market. People are all over the world directly or indirectly familiar with bitcoin. Many countries already permitred bitcoin as their transaction system with banking systems.
Bitcoin is the cryptocurrency that has the largest market cap, and it is very natural to be the king of cryptocurrencies, but that doesn't mean altcoins can't beat bitcoin, because this ranking is just about market cap,
to this day I don't know which countries have allowed Bitcoin as a legal payment alternative? because as far as I know transactions are often carried out in cyberspace, so the government cannot interfere with this transaction.
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I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).
Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.
1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!
2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.
3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.
4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.
5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.
So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.
BTC is a king of crypto, many coins will come in this market in future but non of them will take place of BTC, all crypto market is base on BTC. So Bitcoin is king and will remain king, but some how people were expecting that ETH is queen but Defi making some new records, lets see how it goes
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Bitcoin as the pioneering cryptocurrency, the largest MarketCap of all crypto that was listed on the market, it was one of the largest trading volume, etc. all of that classification will resolve why Bitcoin is the king of all cryptocurrencies.
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The reason why bitcoin is king is that it ranks higher than other currencies in the crypto market and the demand for this currency is higher in every market place business and investment are in the same position. Even if the price goes down there is no fear of getting re-increased the crypto market survives for bitcoin.
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You may say thus concerning the weakness of BTC. I can also settle for them as a result of they're true. but concerning the fees, immediately we will notice some ways that to decrease the fees, what is more if victimisation the metal pocketbook, lightning network, and a few others.
Aside from that, BTC is that the one that's extremely acknowledged within the crypto world, encompasses a huge price, and additionally trusty enough for several additional utility and additionally hodl.
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Those are all very good points. Bitcoin was the first crypto, it's natural people are the most familiar with it.
The leader of the bitcoin cryptocurrency is that the high expectation of participants during this market within the limitless growth of its worth and therefore the high level of its capitalization, that follows from identical expectation of its worth growth. This could continue for many a lot of years. If these expectations don't seem to be met, then the cryptocurrency market is certain a giant shock. However, sooner or later it'll inevitably be.
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Yeah, Bitcoin is the king of the crypto, but it doesn't mean that it must be perfect. In fact, BTC still has several weaknesses.
However, Bitcoin has value, the value is greater than others. This is also about the trust that all people consider.
About the Fee, I think that it doesn't become matter again because the fee is also affordable enough moreover by electrum and also lighting network.
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Bitcoin as the pioneering cryptocurrency, the largest MarketCap of all crypto that was listed on the market, it was one of the largest trading volume, etc. all of that classification will resolve why Bitcoin is the king of all cryptocurrencies.
Yes, I agree. The reason why bitcoin is still the King of crypto currency, because bitcoin has the largest market cap. Bitcoin is the pioneer of Crypto currency and always maintain its position on number one. It is really good for the future of cryptocurrencies, because value will affect all Crypto.
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If in the cryptocurrency market the only cryptocurrency that dictates the price of all altcoins is bitcoin, then it can be called the king of cryptocurrency. Maybe someday there will be an uprising of altcoins and they will overthrow their dictator.
Bitcoin wasn't/isn't a dictator. Its hierarchy was from hard work and inspiring efforts that succeeded until these days. Sometimes you can observe Bitcoin price decrease but some of altcoins weren't affected by depletion instead raising. If Bitcoin is dictator, all altcoins must go always wherever the flow regardless of huge demands.
For example: Some DeFi tokens spike tremendously and yet Bitcoin remains at $10k to $11k.
If we insist Bitcoin is the dictator of prices, then I assume we are in the wrong direction. If we accept Bitcoin is the rank one and the leader of the entire cryptocurrencies, then I assume we are in the right thinking.
Dictator is different from Leader.
Dictator - a ruler with total power, typically one who has obtained control by force.
you don't have freedom to do your will but to follow the Dictator.
Leader - you have freedom to do your will as long as it is beneficial for you.
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There are many coins in the market, but if the price of the coin goes down, the price of the coin does not go up. But when the price of Bitcoin goes down, the price of Bitcoin goes up. Because Bitcoin controls the whole cryptocurrency world. Because Bitcoin is traded in most markets. Bitcoin is the most favorite coin. The number of users of Bitcoin is much more than other coins. crypto users sell other coins and deposit them in Bitcoin. Because Bitcoin is part of the profit. So Bitcoin is in a king position in the market. Everyone values bitcoin more than any other coin.
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Of course, Bitcoin is the king of crypto and it has big roles to determine the trend in the crypto market. Bitcoin has most pairs in the crypto market, almost all crypto coins have paired with Bitcoin. Also, Bitcoin has the biggest volume in the crypto market so far. It shows us that many people join this coin.
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I think bitcoin is first crypto currency and bitcoin's value and the trade volume is high than other coins.also this coin has great potential in trading and investments. So I think bitcoin is king of crypto currencies.
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Bitcoin can be of all cryptocurrencies because bitcoin has a very expensive price and of course because bitcoin also has blockchain technology that can be used by many people and many companies.
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I think bitcoin is first crypto currency and bitcoin's value and the trade volume is high than other coins.also this coin has great potential in trading and investments. So I think bitcoin is king of crypto currencies.
Add your opinion, the reason why bitcoin is the King of crypto currency, because bitcoin is the first Crypto, bitcoin is pioneer. Bitcoin marketcap is the biggest and bitcoin is more popular than other Crypto currency.
Bitcoin is always maintaining as the first place on CMC.
I see there is several potential altcoin, But not so popular as bitcoin.
I also see many countries have accepted bitcoin now. It is good thing .
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Bitcoin can be of all cryptocurrencies because bitcoin has a very expensive price and of course because bitcoin also has blockchain technology that can be used by many people and many companies.
The fact that bitcoin is built on blockchain technology is not surprising. All cryptocurrencies are built on blockchain technology, but some of them use their own blockchain, and most are built on the Ethereum blockchain.
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bitcoin can have a very good price and can be the king of all cryptocurrencies because many are using bitcoin, which ultimately makes bitcoin king.
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bitcoin can have a very good price and can be the king of all cryptocurrencies because many are using bitcoin, which ultimately makes bitcoin king.
Somehow, the word "king" in relation to the leading cryptocurrency is not very suitable for a decentralized market. Bitcoin occupies a leading position due to the fact that it has a large level of capitalization and, as a result, a high percentage of price dominance in the market. Now this percentage is about 43 percent. It is this circumstance that makes almost all altcoins follow the price movement of bitcoin.
Most likely, this state will not be permanent. Altcoins are growing and improving rapidly and bitcoin will have to give up its leadership at some point.
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There are many coins in the market but if the price of the coin goes down then the coin does not go up but if the price of bitcoin goes down then the set price goes up again.Because Bitcoin controls the whole cryptocurrency world Because most bitcoins have more transactions in the market.Bitcoin is one of the most popular coins in the Much more than other coins Crypto users deposit bitcoin by selling other coins in the market Because Bitcoin is part of the profits of the Bitcoin market Is in the position of king.
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There are lots of people who are known crypto currency as bitcoin. They heard the name of bitcoin but they don't know about crypto currency. This is because bitcoin is the first crypto currency in the world and some says as the leader or king of digital crypto currency. Now it is used widely all over the wold. Bitcoin recognize the highest popular coin in the world by its price and facilities. Have the possibility to lead the financial world.
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bitcoin can have a very good price and can be the king of all cryptocurrencies because many are using bitcoin, which ultimately makes bitcoin king.
Somehow, the word "king" in relation to the leading cryptocurrency is not very suitable for a decentralized market. Bitcoin occupies a leading position due to the fact that it has a large level of capitalization and, as a result, a high percentage of price dominance in the market. Now this percentage is about 43 percent. It is this circumstance that makes almost all altcoins follow the price movement of bitcoin.
Most likely, this state will not be permanent. Altcoins are growing and improving rapidly and bitcoin will have to give up its leadership at some point.
We all think Bitcoin is king. This is because Bitcoin is the king of coins. Being a king is not a word of mouth. It is possible in his work. Bitcoin is said to be the king of Bitcoin because of its price and the state of its market.
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Bitcoin is king mostly because it has its own market cap which alone dominance almost 50% of crypto market capacity. One the others hand, all the altcoin movement depends on bitcoin due to its dominance power. If you look to big crypto whales, most of them own huge amount of bitcoin and control it. Bitcoin is the most use able currency right now in crypto market as well in daily life. This all the reason makes it become king in crypto .
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Everyone knows that Bitcoin is the king of coins in the cryptocurrency market.Now the price of Bitcoin is increasing day by day.Currently the price of Bitcoin is just above 65000$.The number of investors on these coins is currently the highest for which the price of Bitcoin is rising at a rocket speed.
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We can all understand that the price of Bitcoin is increasing a lot at the moment when we look at the cryptocurrency market.As the price of Bitcoin is rising in the cryptocurrency market, so is the price of other coins.We all know that Bitcoin is called the king of coins because Bitcoin price and popularity are above all in the cryptocurrency market.
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Bitcoin is one of the most popular and expensive tokens in the current market. Bitcoin is called the king of coins because of its popularity and price.And as the days go by, both the popularity and the price of Bitcoin are increasing at the same time.Moreover, Bitcoin has its own Market cap. And because of this market cap has been occupying about 50% of the cryptocurrency world.
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Bitcoin is the king of all crypto markets. Bitcoin has already proved this many times. A few days ago we saw that when the price of bitcoin increased, the value of other cryptocurrency coins increased. And if one day the existence of Bitcoin is lost from the market, then the existence of the crypto market may no longer be normal. This is probably why Bitcoin is called the king of all cryptocurrencies.
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Bitcoin is the king of the crypto world because it is currently gaining popularity all over the world, including cryptocurrency.Which is why Bitcoin is called the king of cryptocurrencies. Bitcoin has already pumped a lot in the market I think in the future this bitcoin will change more than the current amount.
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We all know that Bitcoin is the king of coins in the cryptocurrency market.One of the reasons Bitcoin is called the king of coins is because the market value and popularity of Bitcoin is higher than that of other coins.Moreover, the circulating supply of Bitcoin at present is the largest quantity for which the price of Bitcoin is constantly increasing.There is no doubt that Bitcoin is the king of coins.
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Bitcoin has always been and will continue to be the king of the cryptocurrency market.Because Bitcoin has the same market value and popularity as other coins.The way Bitcoin is pumping now is not the same as it was a few months ago.If Bitcoin has such a price in the future, then Bitcoin will continue to be the king of coins in the cryptocurrency market.
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Bitcoin is the king of all crypto markets. Bitcoin has already proved this many times. A few days ago we saw that when the price of bitcoin increased, the value of other cryptocurrency coins increased. And if one day the existence of Bitcoin is lost from the market, then the existence of the crypto market may no longer be normal. This is probably why Bitcoin is called the king of all cryptocurrencies.
The reason why bitcoin is the King of crypto.currency because the pioneer and has biggest marketcap.
Bitcoin is always more popular than other, and has teh biggest community.
Bitcoins always be the trend of crypto currency, when bitcoin is going increase, altcoins will follow bitcoin.
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bitcoin is The king because bitcoin is the largest of market cap
Bitcoin is most popular than other.
And bitcoin is the pioneer of crypto currency.
I think It's the reason why bitcoin is the King.
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bitcoin is The king because bitcoin is the largest of market cap
Bitcoin is most popular than other.
And bitcoin is the pioneer of crypto currency.
I think It's the reason why bitcoin is the King.
I agree the reason why bitcoin is the King of crypto currency because the largest of market cap.
No coin can overtake bitcoin until now, altcoins are just following bitcoin.
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Bitcoin has a value that cannot be bought by any item because Bitcoin is loved by those who have a hobby of collecting digital assets and Bitcoin is not known to be the founder and its supply is limited.
When someone likes a hobby, as expensive as anything they like, they will buy it and of course that is what makes the demand for Bitcoin increase and the price goes up too.
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Bitcoin became the king of cryptocurrencies because Bitcoin was the first cryptocurrency that was created and all traders, investors and investors believed in Bitcoin more than the newly created altcoins.
I also don't deny that these Altcoins can provide greater benefits than Bitcoin price movements because the price of Bitcoin increases gradually, it feels very slow and alcoins in every 24 hours and some even go up and down thousands of percent.
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Everyone knows why bitcoin is king because of course bitcoin is the first created cryptocurrency made by Satoshi Nakamoto. Now the price of bitcoin is high and also the fee, still many people investing in bitcoin or use a payment method. It is still the king of cryptocurrencies.
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No need to overthrow Bitcoin just to prove that you are a King. Yes, Ethereum might not overtake bitcoin but when it comes to importance I think Ethereum are almost equal to Bitcoin. Ethereum blockchain is becomes a home of start up crypto projects. But healthy competition is always good.
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No need to overthrow Bitcoin just to prove that you are a King. Yes, Ethereum might not overtake bitcoin but when it comes to importance I think Ethereum are almost equal to Bitcoin. Ethereum blockchain is becomes a home of start up crypto projects. But healthy competition is always good.
Ethereum is the second rank on CMC, So I think The kIng is still bitcoin.
I don't think Ethereum will overtake bitcoin, It is too long, and will take several years again. Bitcoin is still the biggest.
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Bitcoin is the first in Cryptocurrency, so He deserves to be made the King of Cryptocurrency.
Even though Bitcoin has slow transactions, high fees but in fact Bitcoin remains number one today, because everyone knows Bitcoin is the best and most popular coin.
Yes, Bitcoin is still the biggest. I agree with you bitcoin is deserve to be The King until there is potential altcoin replace bitcoin at the coming future.
It will take several years, because bitcoin is still superior
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Yeah, it is easy to understand why Bitcoin is the king of all crypto and may be so for a longer time in the future.
Now, a coin that is paired to all altcoins, and it price movements dectate the general market fluctuations, will definitely be a king of them all. Again, Bitcoin is the first crypto, an advantage it has over all altcoins to remain a king.
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Bitcoin is first cryptocurrency and bitcoin has been said father of cryptocurrency. and everyone know about cryptocurrency only for bitcoin. also people trust bitcoin a lot then others crypto. so we say bitcoin is king
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I'd rather choose Bitcoin than other altcoins and I have applied this principle since 2017 when I first got to know cryptocurrency because I know cryptocrurency is also looking for Bitcoin, not other coins.
Very simple for the example in the real world, the choice between iron and gold, then everyone will choose Gold over Iron because they have a reason that Gold is difficult to mine and has a better value than iron.
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Bitcoin is a cryptocurrency that most investors are interested in, that's why it has become the most popular cryptocurrency in the world. also in some countries, it can be paid in cafes and other stores. These procedures are not used in most countries, but in individual states.
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Bitcoin is a cryptocurrency that most investors are interested in, that's why it has become the most popular cryptocurrency in the world. also in some countries, it can be paid in cafes and other stores. These procedures are not used in most countries, but in individual states.
Yes, You're right bitcoin is the most popular crypto currency that attracts many investors to invest on bitcoin.
Bitcoin is pioneer of crypto currency and always be the King of crypto currency.
Bitcoin is independent, altcoins always depend on bitcoin progress.
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I think Bitcoin being king is mostly based on the fact that it has been around the longest, and it has the strongest community trust and support. It doesn't mean it doesn't have faults - the problems mentioned in the original post are all too real. But they are not unique to Bitcoin - many cryptocurrencies experience similar challenges.
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Yes,i also agree with you. Because bitcoin is the king of cryptocurrency market.We know that bitcoin is the best valuable currency for this moment.I think that it's price is increasing day by day.We can see that it's price is very prefer than others currency.So it's true that bitcoin is the king of cryptocurrency market.
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Bitcoin is not a king by its perfect qualities and even at its imperfections it is still the role model to many other coin. A king can tell the story of the land in depth, bitcoin being the maiden coin is the first and introduced all inherited characters to predecessors and so far the best. Something of quality is not cheap. So few of this faults is due to so many forces i.e investors, pulling bitcoin.
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Bitcoin is the king of all coins in the cryptocurrency. Because Bitcoin has a huge investor in it and what is currently 1 bitcoin equals about $65k dollars. The way the use of Bitcoin is spreading all over the world, one day everyone will give priority to Bitcoin transactions instead of money. Whenever the price of Bitcoin goes up, the price of all other coins starts pumping.
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Bitcoin is the king of all coins in the cryptocurrency. Because Bitcoin has a huge investor in it and what is currently 1 bitcoin equals about $65k dollars. The way the use of Bitcoin is spreading all over the world, one day everyone will give priority to Bitcoin transactions instead of money. Whenever the price of Bitcoin goes up, the price of all other coins starts pumping.
Well, bitcoin is the huge of investors and the biggest market cap. I think It that cause of bitcoin will be the king of crypto currency.
Bitcoin is the pioneer of crypto currency and always be number one rank on CMC.
Till now, I don't think there is coins will be the next bitcoin, maybe at the next long years again.
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If we are talking about Bitcoin been the king of Cryptocurrency as said I will said that Bitcoin has proven himself strong in the Cryptocurrency market since it's exception with results that is speaking out, we all have seen how the Bitcoin price grow from small $5000 dollar to $10000 until where some people are not able to buy at least one Bitcoin so for me anybody calling Bitcoin King of Cryptocurrency is right in his own views.
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Simply put, Bitcoin is the king of crypto because it is the first coin to launch on the crypto market and BTC is paired to every coin/tokens on the market. BTC being the first has been in control of coins prices on the daily bases. Bitcoin is the king in all perspective and I am still wondering when this kingship will end. It's control of the entire crypto price is the most disturbing thing, a situations that has not been helping other coins to have a full pump.
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of course bitcoin is king because Everyone knows bitcoin is a very popular currency. People trust it easily. Almost every person wants to invest in bitcoin
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Almost every person wants to invest in bitcoin
In reality, there are still many people who don't want to invest their money into Bitcoin. Even if Bitcoin is getting more popular and its adoption is quite massive, they still doubt the Bitcoin future. We can assume that many of them don't know well Bitcoin. Or some of them are true Bitcoin haters, so they will never like Bitcoin.
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Almost every person wants to invest in bitcoin
In reality, there are still many people who don't want to invest their money into Bitcoin. Even if Bitcoin is getting more popular and its adoption is quite massive, they still doubt the Bitcoin future. We can assume that many of them don't know well Bitcoin. Or some of them are true Bitcoin haters, so they will never like Bitcoin.
Yeah, I think there are many People who don't want to invest in bitcoin, doubt or believe on negative issue.
Maybe as you said, true bitcoin haters.
I agree with you, Bitcoin needs to be more popular and many people didn't have knowledge about bitcoin and crypto.
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There is too many reasons that bitcoin is the king of coins. The main and the biggest reason is its high price which is unbeatable. But I do not like some features like it requires too many fees to transfer from one wallet to another and it takes too much time also. I do not like these things.
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Because the market of Bitcoin is increasing day by day. Bitcoin is a rapidly growing coin in a very short time. Most people believe in Bitcoin.
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We know that Bitcoin is called the king of cryptocurrency. Because it is one of the oldest coins. And the most widely used currency in the virtual world is Bitcoin.The popularity of this currency is all over the world. Bitcoin ranks first in cryptocurrency. Prices of other currencies continue to rise just as the Bitcoin market begins to pump.
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Meaning nothing had changed after the complain of many investors and until now bitcoin is unbeatable. If this is the situation is can say that bitcoin will continue to gain even more and more.
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Mostly time bitcoin called the king of crypto because of its support and investors number. If you look to the crypto market trading volume , the bitcoin trading volume higher than any other crypto still. Also all the coin market pair based of BTC and this is just because every exchange take bitcoin as the most demand able crypto. This is why we called bitcoin is the king of crypto.
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IMHO the title comes from the impact of Bitcoins Value on other cryptocurrencies that is no matter is it a gain or loss in bitcoins value this affects Bitcoins price hence the title King also because BTC was first adopted means of transfer value via the internet with no other substance than digital
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Bitcoin emerged first, and all cryptocurrencies that emerged later emerged according to the deficiency seen in bitcoin. There are those who are much better than btc in terms of technology, but first come is always more valuable. Even now, altcoins are shaped by where BTC will rise.
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I think bitcoin can be the king of all existing cryptocurrencies because bitcoin was created first than all existing coins so that it has a trading volume that can't be beat, they make bitcoin number 1 because it is seen from the highest trading volume so it doesn't seem there that can beat bitcoin.
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I agree with you, BTC is the king of cryptocurrency, many people are interested in BTC due to BTC price increasing, If you look to the crypto market trading volume is very high. I believe BTC brake all recorded
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BTC is dominant and will be forever tbh. But there are other ways to make profits like NFT's , DeFi's lately. I believe investors should do research about investment first. Im using Lootex for trading NFT's and i already made tons of profits.
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The entire crypto industry was largely created due to Bitcoin's incredible prominence and success, I think that is reason enough why it is king.
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Yes, it is true that bitcoin has problems, there are projects that are much more technologically advanced than bitcoin, but do not forget that the highest capitalization and the highest price tag for bitcoin are the most important indicators for nominating a king among cryptocurrencies.
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Yes, it is true that bitcoin has problems, there are projects that are much more technologically advanced than bitcoin, but do not forget that the highest capitalization and the highest price tag for bitcoin are the most important indicators for nominating a king among cryptocurrencies.
Yeah, many projects are more potential and has more technology than bitcoin, but bitcoin is the biggest of crypto currency and more popular than other.
I think It's the reason why bitcoin is the King of crypto currency
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Yes, it is true that bitcoin has problems, there are projects that are much more technologically advanced than bitcoin, but do not forget that the highest capitalization and the highest price tag for bitcoin are the most important indicators for nominating a king among cryptocurrencies.
Yeah, many projects are more potential and has more technology than bitcoin, but bitcoin is the biggest of crypto currency and more popular than other.
I think It's the reason why bitcoin is the King of crypto currency
Bitcoin is yeh biggest market cap, It's so difficult other coins can replace bitcoin.
I think the reason why bitcoin is the king beside biggest market cap, Bitcoin is the pioneer of crypto currency
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BTC is the king of cryptocurrency, many people are interested in BTC due to BTC price increasing, If you look to the crypto market trading volume is very high.
BTC becomes the king of all crypto because it has a big role in crypto industry. Without Bitcoin, we may have no altcoins today. Sure, the market cap of Bitcoin is the highest one, people prioritize investing in Bitcoin. We can understand why people prioritize Bitcoin to buy and hold for a long time, it is already proven as a trusted digital asset for many years.
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Because bitcoin has become the pivot of all cryptocurrency, its value affects everyone. And is consistently ranked first, hence called the king in the crypto world.
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Yes bitcoin is monster king now its dumping we should use short for dump for taking profit and also in feb mid bitcoin will pump like a rocket some big profit is coming.
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Yes bitcoin is king of crypto when it go downs all coins goes down for that now days bitcoin is red al market is red its not looking good for every one and one day bitcoin will be again best king of crypto.
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Bitcoin is the oldest and most popular cryptocurrency. It is only the main crypto that governments and institutions are willing to consider accepting. Its price affects the prices of the vast majority of other cryptos. That makes it the king of cryptos, I think.
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Bitcoin is the oldest and most popular cryptocurrency. It is only the main crypto that governments and institutions are willing to consider accepting. Its price affects the prices of the vast majority of other cryptos. That makes it the king of cryptos, I think.
Bitcoin is the King because bitcoin is the pioneer and teh biggest market cap.
As you said, bitcoin is the oldest. That's true.
I don't think there is coin will replace bitcoin.
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Before I reply to this thread I will ask the members who are on this forum.
Why is Uranium the King of Nuclear Raw Materials?
This OP's question is like mine above.
Bitcoin became King because Bitcoin was the first cryptocurrency to be created and Bitcoin still has secrets for its creators!
I agree with this, Bitcoin is the King because bitcoin is the first
But not just the first, Bitcoin is also the biggest of market cap.
Although at several last years we all see many potential coins have potential to be the King.
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Bitcoin is the best and king of the cryptocurrency world. Because cryptocurrency is the most valuable asset Bitcoin Bitcoin is impossible to imagine cryptocurrency without.That's why everyone who works in cryptocurrency calls Bitcoin the heart of cryptocurrency. So it is impossible to imagine cryptocurrency without bitcoin.
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For me BTC is the king because it is the only currency that has its own life, there is no other like BTC, if we start to see and analyze ETH it is said that it competes with BTC, but we see that when BTC goes up ETH goes up Hugely, this means that if BTC goes down ETH bleeds and falls much harder, then there is a huge dependency on BTC, and this is what makes BTC unique and puts it above any Altcoin.
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The first cryptocurrency created was Bitcoin.
The cryptocurrency created and unknown to the developer is Bitcoin.
We deserve to appreciate Bitcoin because Bitcoin already has a very good value for us to appreciate, namely the first cryptocurrency that was created.
Until now, many cryptocurrencies have been created and many altcoins have not been able to defend against Bitcoin, so Bitcoin is still the King of all cryptocurrencies.
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Bitcoin is called the king of cryptocurrencies. Bitcoin ranks first in cryptocurrency. Bitcoin is a virtual currency. This coin is used all over the world and is the most popular in the world Coin. At present this currency is in circulation all over the world. Almost everything can be bought with this coin.
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Bitcoin is king because it is the most popular of cryptocurrencies and because it is usually the crypto that institutions want to legalize, I believe.
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It’s pretty simple. BTC is the first born cryptocurrency of all time! Without BTC, there will be no altcoins like ETH, BNB, ADA, etc. This is the granddaddy of all cryptocurrencies and it continues to be the most dominant of all. Most of the altcoins are relying and influenced on BTC’s movement. Nobody can beat BTC in market capitalization and worldwide adoption.
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It’s pretty simple. BTC is the first born cryptocurrency of all time! Without BTC, there will be no altcoins like ETH, BNB, ADA, etc. This is the granddaddy of all cryptocurrencies and it continues to be the most dominant of all. Most of the altcoins are relying and influenced on BTC’s movement. Nobody can beat BTC in market capitalization and worldwide adoption.
You are right, Bitcoin is called the King of Cryptocurrency because Bitcoin is the first Crypto coin to exist. The second Bitcoin has the highest market capitalization, has a more expensive price than most existing Crypto. There will be no one who refuses because of this title against Bitcoin, Bitcoin is the king of Crypto!
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I think at the moment the crypto industry - including Bitcoin's position as king - may be on uneven ground, considering that the Biden administration is seeking to regulate the crypto industry. (https://theforexreview.com/2022/03/14/united-states-executive-order-to-focus-on-crypto-regulation-strategies/) This could make or break the industry for a large part of the world.
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It’s pretty simple. BTC is the first born cryptocurrency of all time! Without BTC, there will be no altcoins like ETH, BNB, ADA, etc. This is the granddaddy of all cryptocurrencies and it continues to be the most dominant of all. Most of the altcoins are relying and influenced on BTC’s movement. Nobody can beat BTC in market capitalization and worldwide adoption.
You are right, Bitcoin is called the King of Cryptocurrency because Bitcoin is the first Crypto coin to exist. The second Bitcoin has the highest market capitalization, has a more expensive price than most existing Crypto. There will be no one who refuses because of this title against Bitcoin, Bitcoin is the king of Crypto!
Yeah until today bitcoin is still the King of crypto currency and I think bitcoin will remains become the King of crypto currency until the next several years again.
that's the fact.
The reason why bitcoin is the King of crypto, I agree with your opinion, bitcoin is the biggest market cap and the pioneer of crypto currency.
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Bitcoin is still the king in the cryptocurrency industry. In fact, I’d say Bitcoin is a hegemonic leader. Whatever your opinion on Bitcoin, you will at least agree that Bitcoin’s dominance of this industry cannot be challenged.
Behind the advent of Bitcoin, a true cryptocurrency industry was born. Within this industry, every cryptocurrency project dreams of only one thing: to take the place of the king and to become the new king.
Ethereum, Ripple, Bitcoin Cash or Litecoin are cryptocurrencies fighting every day to one day surpass Bitcoin. It is a logical and honorable ambition. Indeed, one always seeks to surpass the best in one’s field.
Unfortunately for these cryptocurrencies, Bitcoin will remain the king in the cryptocurrency industry for a very long time to come. Its competitors are light years away from Bitcoin. I see three main reasons for this.
1. Bitcoin Has Been Able To Leverage Its First-Mover Advantage
Officially launched on January 3, 2009, by Satoshi Nakamoto, Bitcoin is the first successful implementation of a cryptocurrency based on the Blockchain concept.
Bitcoin takes full advantage of the first-mover advantage.
Bitcoin is a true revolution that has given birth to a whole industry in its own right: that of cryptocurrencies.
By being the first in this segment that it has created itself, Bitcoin necessarily has a significant advantage over its competitors. Over the past 11 years, this advantage has never diminished.
On the contrary, Bitcoin has continued to widen the gap over its competitors and more and more users are coming on board.
The success of Bitcoin for more than 11 years reinforces users’ confidence in the security of Bitcoin and its future.
Due to its ever-increasing number of users compared to the number of users of other cryptocurrencies, Bitcoin also benefits from the so-called network effect. This effect is also known as Metcalfe’s Law.
This theoretical and empirical law was enunciated by Robert Metcalfe. It stipulates that the utility of a network is proportional to the square of the number of its users.
This law would apply under the assumption of homogeneity of the nodes of the network, which may consist of agents or objects.
In concrete terms, the more Bitcoin users there are, the more useful the Bitcoin network becomes squared.
As this network utility increases, new users will have a greater interest in using Bitcoin when they enter the world of cryptocurrencies.
It is a virtuous circle that benefits Bitcoin to the full.
When the general public thinks of Blockchain or cryptocurrencies, they immediately think of Bitcoin.
When a person wants to get into cryptocurrency world, he will necessarily exchange his fiat currency into Bitcoin.
As a result, Bitcoin is constantly seeing much more new money coming in than its competitors, which only reinforces its dominance in the market. Bitcoin has been able to leverage its first-mover advantage over the past decade. Now, the lead that this has given Bitcoin seems almost unattainable for its competitors.
2. Bitcoin Is Truly Decentralized With No Leader
Among the most capitalized cryptocurrencies on the market, Bitcoin is the only one that is truly decentralized with no leader. Bitcoin has a permissionless and trustless blockchain.
Bitcoin belongs to everyone and anyone can decide to become a node on its network.
This unique feature of Bitcoin makes it much more resistant to censorship than its competitors.
Governments in different countries cannot take anyone to court to try to block the rise of Bitcoin.
Bitcoin gives power back to its users and by extension to the people.
No one can stop you from making transactions on the Bitcoin Blockchain.
Your Bitcoins are entirely yours and you can use them as you want.
This lack of leadership forces the community to find consensus to move forward and make Bitcoin evolve.
Some people find that this slows down the evolution of Bitcoin, but I sincerely believe that this is the price to pay for a truly democratic system.
This protects Bitcoin from arbitrary decisions that would go against the interests of its users.
As such, Bitcoin makes a huge difference with the current monetary and financial system but also with its competitors in the cryptocurrency world.
3. Innovation Around Bitcoin Is Permanent
Bitcoin’s competitors in the cryptocurrency world criticize Bitcoin’s aging technology for being obsolete. Bitcoin is based on Proof-of-Work which leads to high consumption of electricity according to them.
The electricity consumption required to produce new Bitcoins is what makes Bitcoin so valuable.
Some also argue that Bitcoin does not support enough transactions per second.
These people need to understand that Bitcoin is the only cryptocurrency to really face such scalability issues due to the very large number of users on its Blockchain.
Cryptocurrencies that claim to be able to handle from 100K to 1 million transactions per second only promise but are not based on anything concrete.
They have never, and will never be able to test their allegedly superior technologies under real-world conditions.
Others believe that Bitcoin should include functionality to support smart contracts like Ethereum.
The truth is that Bitcoin Core software should be kept as lightweight as possible.
The strong community around Bitcoin and the growing number of companies building services based on the Bitcoin Blockchain enables continuous Bitcoin innovation.
A company will necessarily offer smart contracts as an additional layer on top of Bitcoin if the need becomes real in the future.
If cryptocurrencies offer features that Bitcoin does not support but are particularly useful, companies will offer this around Bitcoin as well.
The very large number of people involved in Bitcoin will allow it to stay ahead of other cryptocurrencies via its ecosystem and not mandatory through Bitcoin Core.
A good example to consider is the Lightning Network, whose generalization over the Bitcoin Blockchain should exponentially increase its scalability.
The Lightning Network will be proposed as an additional layer to Bitcoin.
When you think about Bitcoin, you need to think about its entire ecosystem, not just its Blockchain.
Bitcoin alone is already the king in the cryptocurrency industry. Add to that the complete ecosystem that has developed around it over the past 12 years and Bitcoin has an even stronger advantage over its competitors.
Conclusion
Bitcoin has been responsible for the creation of an industry in its own right: that of cryptocurrencies. As a first-mover in this brand new industry, Bitcoin benefited from the first-mover advantage.
This first-mover advantage allowed Bitcoin to grow with a considerable lead over its competitors. In the 12 years of its existence, the Bitcoin community has capitalized on this advantage and has continued to build on it.
As we enter a new decade, Bitcoin’s advantage over its competitors has never seemed more important. Bitcoin is still the king and will remain so for many years to come in my opinion.
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In that life we must be able to have such a thing called respect and respect in cryptocurrency is in Bitcoin because Bitcoin can be respected from the point of view of the cryptocurrency that was first created.
Every day more and more altcoins are circulating and of course they were created with an understanding of how Bitcoin works which has a decentralized system, where anyone can determine the price.
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Bitcoin is the king of cryptocurrency. Because his position is first. Bitcoin is one of the most widely used currencies in the world. Its value continues to rise very fast. The future of this currency is many Good.
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It’s pretty simple. BTC is the first born cryptocurrency of all time! Without BTC, there will be no altcoins like ETH, BNB, ADA, etc. This is the granddaddy of all cryptocurrencies and it continues to be the most dominant of all. Most of the altcoins are relying and influenced on BTC’s movement. Nobody can beat BTC in market capitalization and worldwide adoption.
You are right, Bitcoin is called the King of Cryptocurrency because Bitcoin is the first Crypto coin to exist. The second Bitcoin has the highest market capitalization, has a more expensive price than most existing Crypto. There will be no one who refuses because of this title against Bitcoin, Bitcoin is the king of Crypto!
I agree with you, if you said the reason why bitcoin is the King of crypto currency because bitcoin is the first or the pioneer of crypto currency.
That's true, Bitcoin is also most popular as crypto currency.
The king always influence the follower, It's proven by every bitcoin pump, altcoin will pump.
And when bitcoin dump, almost all of altcoin will dump.
It's happening continuously.
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Always being interesting discussion to discuss about bitcoin is the King of crypto currency.
I agree with several opinions above, bitcoin is the pioneer of crypto currency, bitcoin is the biggest market cap.
Maybe if bitcoin didn't exist maybe we would never see altcoin.
So, It's the reason why bitcoin is the King.
Bitcoin will be the King until there is potential coin that replace bitcoin at the coming future.
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Bitcoin is called the king of cryptocurrency because it is the number one position.Of all the cryptocurrency currencies, Bitcoin is the most popular and popular worldwide. The highest investment is made here. The future of Bitcoin is much better
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Some people say that every coin other than Bitcoin will go to zero I disagree with the sentiment here, unless you add stocks, real estate and literally all other properties in with the unicorns. BTC is the best property but it doesn’t mean it’s the only thing worth investing in. Also doesn’t automatically mean every other form of blockchain will go to zero
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Bitcoin deserves to be called the king of Crypto because Bitcoin has the highest market capitalization of any other Cryptocurrency coin, Bitcoin is the first too so no one can argue about this title.
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And beside bitcoin market capitalization, Btc continues to be the yardstick by which all other cryptos are measured. Several high-profile, well-known investors and organizations started petitioning to introduce Bitcoin into mainstream markets. The SEC started receiving applications for Bitcoin-based ETFs and several popular exchanges began offering Bitcoin futures to their clients. Moreover, in recent years, financial giants such as Goldman Sachs and Morgan Stanley began offering their clients several Bitcoin-related services further pushing the digital currency into the mainstream.
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Yes you are absolutely right. Bitcoin is the king of crypto. According to me, this is one of the essential reasons for this. Because the price of bitcoin reads a lot of influence on the crypto market. If it's high. So the market also looks high. Otherwise , the market also looks a bit sluggish with its falling it
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Bitcoin and the crypto market have shown in the past that market sentiment can change quickly and that a bearish, dangerous environment sometimes presents a buying opportunity for investors.
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Yes you are absolutely right. Bitcoin is the king of crypto. According to me, this is one of the essential reasons for this. Because the price of bitcoin reads a lot of influence on the crypto market. If it's high. So the market also looks high. Otherwise , the market also looks a bit sluggish with its falling it
that's true bitcoin price is higher than other.
But I think why bitcoin is the king of crypto currency because bitcoin is most popular than other.
The popularity of bitcoin will increase day by day and we know about it.
No coin will be the next bitcoin, I think.
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Bitcoin and the crypto market have shown in the past that market sentiment can change quickly and that a bearish, dangerous environment sometimes presents a buying opportunity for investors.
Crypto is always prone to be affected by market sentiment which will always be present to enliven its movements. precisely therein lies the advantage of crypto so that it always makes a lot of people excited to buy, hold, and trade. bearish will always be awaited for crypto enthusiasts to immediately buy and hold while waiting for the bull market for the opportunity to get profits to sell.
this cycle is always moving which makes crypto a target.
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Bitcoin is the king of cryptocurrency. Because his position is first. Bitcoin is one of the most widely used currencies in the world. Its value continues to rise very fast. The future of this currency is many Good.
Yeah, bitcoin always being the number one on CMC.
Bitcoin is the biggest and more popular than other coins.
Thats teh fact.
I think It will be there until the next several years again.
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The reason why bitcoin is the King, As I said bitcoin is the pioneer of crypto currency and always remains be number one on CMC.
Bitcoin is the biggest and more popular than other.
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So Bitcoin is the most popular digital currency and the primary reason behind is success is that users can trust is easily...Moreover, if we talk about the market value, there is no cryptocurrency that is even near bitcoin is the original cryptocurrency and remains the dominant leader in the space. At the time of this writing the world's top digital currency has a market.
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Bitcoin is the king of cryptocurrency. Because his position is first. Bitcoin is one of the most widely used currencies in the world. Its value continues to rise very fast. The future of this currency is many Good.
It's true what you said and this can't be denied. Even though there are currently a lot of new Altcoins, Bitcoin is still number one. I am also sure that Bitcoin's position will not be replaced by other coins, even though there are currently many coins that are better and more functional than Bitcoin. Bitcoin will remain the number one Crypto king!
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Bitcoin is the king of cryptocurrency. Because his position is first. Bitcoin is one of the most widely used currencies in the world. Its value continues to rise very fast. The future of this currency is many Good.
It's true what you said and this can't be denied. Even though there are currently a lot of new Altcoins, Bitcoin is still number one. I am also sure that Bitcoin's position will not be replaced by other coins, even though there are currently many coins that are better and more functional than Bitcoin. Bitcoin will remain the number one Crypto king!
right buddy, bitcoin has become a reference for movement and trading for all altcoins, no one can do anything if bitcoin experiences something like now "correction" then all are also affected. that's why bitcoin is considered the king of all coins that can have any effect on the coins traded in crypto. many coins have grown and are quite good but they are not and may be difficult to replace bitcoin.
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right buddy, bitcoin has become a reference for movement and trading for all altcoins, no one can do anything if bitcoin experiences something like now "correction" then all are also affected. that's why bitcoin is considered the king of all coins that can have any effect on the coins traded in crypto. many coins have grown and are quite good but they are not and may be difficult to replace bitcoin.
Yes, that's right, whatever happens to Bitcoin, be it high prices or falling prices like now Bitcoin remains a benchmark for other Crypto prices. So it is impossible that Bitcoin will be replaced as the leader of all current and future cryptocurrencies.
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Bitcoin is the king of all coins in the cryptocurrency. Bitcoin is a living example of this.Currently the price of Bitcoin is declining The price of all other coins has come down. Bitcoin's price fluctuates after all its effects on other coins.
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Super true and your explanation is amazing. since 2017 I see Bitcoin is in the first place and until now it is still in the first place. This shows that Bitcoin is always stronger than altcoins every year, so changes in the position of altcoins from 2 - 10 are always there and are always more frequent. I'm sure for next year where Bitcoin will still be the same as now, which is at number 1, so Bitcoin deserves to be said as King because its position is difficult to be taken over by others.
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Bitcoin possess some unique qualities and because of these qualities it is consider as the king of all the coin its price is high as compared to the other coins. People prefer bitcoin for investment and assume that it can make their life if it become pump once again. There is a greater demand for bitcoin.
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Bitcoin possess some unique qualities and because of these qualities it is consider as the king of all the coin its price is high as compared to the other coins. People prefer bitcoin for investment and assume that it can make their life if it become pump once again. There is a greater demand for bitcoin.
all clearly recognize that bitcoin has a very different capacity for all coins in crypto, and has been recognized as the best because through the market capitalization it has formed is also the largest to date and is difficult to possibly be surpassed by other coins.
because these advantages make bitcoin very popular and very tempting to be an investment, because everyone who buys and holds it for investment can be sure to get a big profit if they can maintain it well, because there is a lot of demand for bitcoin, so that in time they can sell at the best price .
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Coin made in crypto world is currently known as one of the best coins in cryptocurrency world. Bitcoin is currently one of the best coins in the cryptocurrency world. The price of this currency fluctuates all the time in the market. And people have gained huge amount of benefits by investing in this coin.
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There are few reason why the bitcoin is king. First it's price and the whales beside bitcoin. Till now no coin able to gain popularity like bitcoin gained . And this means the holder number of bitcoin is much more strong than the others community . But anyway, bitcoin also king just because of it's limited supply which is only 21m .Bitcoin has no minting action so the price of bitcoin will keep increase on day by day.
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Bitcoin is the first coin in the crypto market and that is the reason that the Bitcoin is the king of all coin and this will go high so much and so many peoples will invest their money in this coin and they also make good money through this business and change their life in a short time.
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In my experience, when I use electrum wallet its transaction fee is very cheap when I transfer it to an exchange like Binance.
But when Bitcoin is on the exchange, it is not cheap anymore, but the charge fee has increased in terms of Deposit or
Withdrawal transactions.
In addition to that, nowadays most countries around the world almost know that bitcoin is already very popular and has been adopted by large companies even in others it is regulated and so many merchants accept it as a mode of payment online compared to altcoins, even in Forex and stock market it includes Bitcoin as far as I know.
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It's true as you said bitcoin is king, because after bitcoin price started to rise and many companies accepted bitcoin there were even countries that have legalized bitcoin and there are countries that accept bitcoin as legal tender, with the growing popularity of bitcoin and many adopting bitcoin then automatically other coins appear, but even though many other coins have sprung up, the price is still below bitcoin, and people who adopt other coins are still under bitcoin, because for now there is no other coin that can compete with bitcoin prices.
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Bitcoin possess some unique qualities and because of these qualities it is consider as the king of all the coin its price is high as compared to the other coins. People prefer bitcoin for investment and assume that it can make their life if it become pump once again. There is a greater demand for bitcoin.
Most likely, it is not the high price that attracts people to invest in bitcoin, but their belief that it will continue to grow in price at the same high rate as in recent years. After all, as a means of payment, bitcoin is now used very little. What happens if this hope is not justified? It seems to me that the cryptocurrency market is in for a big shock ahead. After all, bitcoin cannot constantly grow in price, as many hope.
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Bitcoin is the king of all coins in the cryptocurrency. Bitcoin is a living example of this.Currently the price of Bitcoin is declining The price of all other coins has come down. Bitcoin's price fluctuates after all its effects on other coins.
You are absolutely right, I agree with you.Because Bitcoin is currently the most widely used cryptocurrency in the market. Due to which Bitcoin is regarded as the king of digital currencies. And everyone knows that Bitcoin is the king of cryptocurrencies.
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Bitcoin is the king of all coins this is true and this time peoples are going to invest i the BTC and hold their all coins and sell their BTC on a high price becasue soon the market go high and this time it touches the $200,000 in just 1 year. BTC is the coin in the market.
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Bitcoin is actually the king of coins in the cryptocurrency market because this coin has been around since the beginning of cryptocurrencies.Bitcoin is the most used coin in the crypto market.Moreover, on the other hand, the price of Bitcoin is the highest compared to other coins.For which Bitcoin is called the king of coins.
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The popular coin of the virtual world is called Bitcoin which is the most dominant in the world today. The virtual world of today's digital world is advancing a lot and Bitcoins are being traded a lot around the world. All transactions are initiated by this Bitcoin in almost different countries of the world. That is why Bitcoin is called the king of the virtual world.
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The popular coin of the virtual world is called Bitcoin which is the most dominant in the world today. The virtual world of today's digital world is advancing a lot and Bitcoins are being traded a lot around the world. All transactions are initiated by this Bitcoin in almost different countries of the world. That is why Bitcoin is called the king of the virtual world.
actually it is true that bitcoin is very well known and has even been recognized by many countries, which makes its popularity unquestionable, because the development of the digital world makes bitcoin the best in recognition.
besides being clear as a very promising asset to be used as an investment, as in general assets that have been circulating so far.
apart from being the king of cyberspace, more precisely if you look at the existing market capitalization it can be said that bitcoin is the largest at the moment and probably won't be able to catch up for a long time, so naturally it has become number one and is the king of all crypto.
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Bitcoin became popular because of its technology, after the popularity of the cryptocurrency gained momentum, bitcoin was used in various industries. He is not in the first place for nothing, he controls the entire market.
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Bitcoin became popular because of its technology, after the popularity of the cryptocurrency gained momentum, bitcoin was used in various industries. He is not in the first place for nothing, he controls the entire market.
That is the problem with bitcoin now, that it is used very little in absolutely all areas, including its use as a means of payment. Most of its holders simply hold on to it in the hope that it will rise very high in price in the future. As soon as this hope is not justified at some stage, it will collapse in all positions. The same applies to its current influence on the cryptocurrency market. It is also not eternal, since the cryptocurrency is developing rapidly, its useful properties are increasing, and bitcoin practically stands still in this regard.
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Bitcoin is the king because all coins in the crypto market follow bitcoin. The beginning of the bullrun of the crypto market is through Bitcoin, and so is the bear market. That is, the other coins are following the order of Bitcoin. Also, if we look at the marketcap, we will see that the position of Bitcoin is number one.
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ya thats right yes bitcoin is king of crypto when bitcoin dump all market dump so all our world bitcoin will be legal in future i think 2030 it will happen am wish it will be legal in my country fast in few year that will be so good for country.
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Obviously Bitcoin is the king of all the altcoins because When the price of Bitcoin dump then whole market price will be dump and vice versa. So other altcoins price also will be dump and pump.
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Obviously Bitcoin is the king of all the altcoins because When the price of Bitcoin dump then whole market price will be dump and vice versa. So other altcoins price also will be dump and pump.
So far, the movement of Bitcoin is not easy to predict, because usually Bitcoin will pump when the altcoin price collapses and when the Bitcoin price collapses, the altcoin price will rise again, but that still cannot provide a guarantee because sometimes when the Bitcoin price collapses, the altcoin also joins collapse, from a movement like this shows that Bitcoin cannot guarantee a profit and has a high risk.
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Yes, This is true that the Bitcoin is the king of all coins and this is the most and best coin which is most tradeable coin in the crypto market and almost peoples are start trading on this coin. Crypto is the world best market which will go high day by day and in this market so many peoples will change their life. This is the first coin that is the main reason that this coin is the king of all crypto market.