Bitcoin Garden Forum

Cryptocurrencies => Crypto Discussion => Topic started by: kamal420 on November 23, 2018, 08:21:41 AM

Title: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: kamal420 on November 23, 2018, 08:21:41 AM
There is something I'm thinking though I don't know if it's right or wrong, that Bitcoin is the prime currency here, not necessarily because of its price but because of its blockchain project and being the first in the system so I'm thinking even if other cryptocurrencies price ever get higher than Bitcoin, will Bitcoin still be seen as the prime cryptocurrency? Or is the whole thing around the Bitcoin centered around its current price in the market?
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: bdsharminsoltana on November 23, 2018, 08:39:34 AM
If you're asking why bitcoin is placed as the top currency, the reasons are pretty obvious: it's because it is the first cryptocurrency ever traded with real money and its price on the market. Most cryptotraders are banking on bitcoin due to these reasons, with (sadly) its technological implications and flexibility trailing behind the price. You can also factor in the amount of money invested in infrastructures surrounding bitcoin, mainly the mining scene. Due to this, people who are knee-deep on their involvement wouldn't want to get their leverage and advantage on investments be turned to nothing. I'm sure there are a lot more reasons why people choose bitcoin over any other cryptocurrency, but these, I think, are the most probable reasons why they stick with it through the highs and the lows.
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: yousufatik on November 23, 2018, 08:47:04 AM
The price is not a single element to determine the prime status of it. Bitcoin definitely gained momentum due to its first mover advantage of it. However, it's the utility value that makes it the prime currency. There are the people who are using it as a payment system and any other coin having high price might dominate the crypto market but it won't be a prime cryptocurrency unless there are factors like userbase and utility value to support the market cap.
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: Dprincebh on November 25, 2018, 05:10:18 AM
Bitcoin has been the top currency, firstly because it is the first to be ever launched, secondly first to be ever traded, thirdly, first to be ever be receive as a mean of payment
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: Azir on November 25, 2018, 07:36:47 AM
Very simple ! It is the first cryptocurrency , It's represents all coin , when people call the name '' cryptocurrency '' . Bitcoin is the most name be called

Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: rituvohra01 on March 19, 2019, 07:24:48 AM
Bitcoin is the creator of the crypto world when we talk about the blockchain technology, the first name came in mind , that is Bitcoin.
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: josephabad23 on March 19, 2019, 12:36:59 PM
There is something I'm thinking though I don't know if it's right or wrong, that Bitcoin is the prime currency here, not necessarily because of its price but because of its blockchain project and being the first in the system so I'm thinking even if other cryptocurrencies price ever get higher than Bitcoin, will Bitcoin still be seen as the prime cryptocurrency? Or is the whole thing around the Bitcoin centered around its current price in the market?
This is hard to predict but based on my analysis, there are too many altcoins out there outperformed bitcoin in terms of technology. And I think it depends on the community who they will adopt.
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: Pelanavreo on March 19, 2019, 01:00:36 PM
Bitcoin has many communities, from investors and miners who want Bitcoin. The price is high because of the small amount of supply and the first blockchain technology in the world.
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: Midz on March 19, 2019, 01:20:40 PM
Bitcoin has many communities, from investors and miners who want Bitcoin. The price is high because of the small amount of supply and the first blockchain technology in the world.

But for now it's a decline for bitcoin since it's a bad issue about crypto. And it's not just bitcoin that has been hit but all coins
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: AdamLu on March 20, 2019, 02:51:30 PM
Because Bitcoin is the first crypto so it has the most popularity because many people know about it, therefore it also has the most influence too
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: Grypsy on March 20, 2019, 02:57:07 PM
I think that because many whale started to hold it at the time Bitcoin was started to trade with fiat currency, so it also helped Bitcoin has the biggest volume on the market
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: Barb on March 20, 2019, 04:31:33 PM
I think that because many whale started to hold it at the time Bitcoin was started to trade with fiat currency, so it also helped Bitcoin has the biggest volume on the market
Good point, and because Bitcoin has a limited supply so itís cause this coin become more and more popularity, some people even compare Bitcoin with gold too
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: AdamLu on March 21, 2019, 11:42:08 AM
I think that because many whale started to hold it at the time Bitcoin was started to trade with fiat currency, so it also helped Bitcoin has the biggest volume on the market
Good point, and because Bitcoin has a limited supply so itís cause this coin become more and more popularity, some people even compare Bitcoin with gold too
Yes, the less the supply of Bitcoin, the higher the price it will be, especially we will a halving next year where it reduces the amount of Bitcoin reward on each block mined, so Bitcoin price in next year could increase more
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: NguyenTuan on March 21, 2019, 01:25:09 PM
I think that because many whale started to hold it at the time Bitcoin was started to trade with fiat currency, so it also helped Bitcoin has the biggest volume on the market
Good point, and because Bitcoin has a limited supply so itís cause this coin become more and more popularity, some people even compare Bitcoin with gold too
Yes, the less the supply of Bitcoin, the higher the price it will be, especially we will a halving next year where it reduces the amount of Bitcoin reward on each block mined, so Bitcoin price in next year could increase more
Agreed with your thought but I think before we come to this up in the price, there will be another massive dump so that whale and shark can accumulate more Bitcoin for their own
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: Barb on March 21, 2019, 01:34:54 PM

Agreed with your thought but I think before we come to this up in the price, there will be another massive dump so that whale and shark can accumulate more Bitcoin for their own
If what youíre saying become true then the market and Bitcoin will see another deep bottom soon, but Iím also afraid that if the bottom is too dip, then the market will take longer time to recover
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: jenica on March 21, 2019, 02:26:23 PM
Bitcoin was the first crypto to apply the blockchain, and after it succeeded, many people perfected the shortcomings of bitcoin, by making new coin coins that wanted to go beyond bitcoin, so there was a lot of crypto today
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: NguyenTuan on March 26, 2019, 03:39:13 PM

Agreed with your thought but I think before we come to this up in the price, there will be another massive dump so that whale and shark can accumulate more Bitcoin for their own
If what youíre saying become true then the market and Bitcoin will see another deep bottom soon, but Iím also afraid that if the bottom is too dip, then the market will take longer time to recover
Itís just my experience since the dump in 2017 and I was place myself at the position of a whale, people always said that try to pretend a whale and think what they will do
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: Barb on March 26, 2019, 03:47:29 PM
I think that itís the popularity because Bitcoin is the first crypto, we still have many altcoins with better technology and blockchain network but it still canít beat Bitcoin in popularity
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: NguyenTuan on April 01, 2019, 03:05:32 PM
I think because of the popularity and many people have hold it since Bitcoin was first released in the crypto world, Bitcoin has the highest holding volume in the market now
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: Richard on April 07, 2019, 03:30:14 PM
I think that itís the popularity because Bitcoin is the first crypto, we still have many altcoins with better technology and blockchain network but it still canít beat Bitcoin in popularity
Agreed, and based on that popularity even we have many modern technology altcoins now, they still and replace Bitcoin in the crypto world
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: Etrilicious on April 07, 2019, 05:47:13 PM
There is something I'm thinking though I don't know if it's right or wrong, that Bitcoin is the prime currency here, not necessarily because of its price but because of its blockchain project and being the first in the system so I'm thinking even if other cryptocurrencies price ever get higher than Bitcoin, will Bitcoin still be seen as the prime cryptocurrency? Or is the whole thing around the Bitcoin centered around its current price in the market?
Yeah you have a point, because they are other altcoin that should be top based on what they are using the blockchain technology to accomplish, the fact is bitcoin is the first ever coin to be traded and used as a means of payment. The people see cryptocurrency as bitcoin, bitcoin have earned the trust of the people. Wih time maybe bitcoin will drop but for now. Bitcoin is boss of cryptocurrency
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: Ghanda on April 08, 2019, 03:46:10 AM
of all opinions that my friends say and what I have read all have the same opinion, including me, that is because bitcoin is the first coin that appears in the crypto world and immediately booms so whatever happens bitcoin will remain number one and the price is highest .
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: vanjava on May 27, 2019, 11:05:31 AM
in my opinion no one can outperform the current and future bitcoin prices. if there is, for me bitcoin is the main cryptocurrency and still a favorite for me. now all crypto is still centered on the price of bitcoin.
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: Jeffbrad on May 27, 2019, 04:40:12 PM
in my opinion no one can outperform the current and future bitcoin prices. if there is, for me bitcoin is the main cryptocurrency and still a favorite for me. now all crypto is still centered on the price of bitcoin.
Please, you should not talk about a crap thing. As far as i know, bitcoin gets its real value from its utility, did you aware if even SEC didn't consider bitcoin as security? that's the same when i was seeing veil based on its utility usage and i was seeing bitcoin from the utility usage of bitcoin. Blockchain as a system where bitcoin can perform its utility and generate value.
Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: Ghanda on June 04, 2019, 01:41:16 AM
Of course, everyone knows that bitcoin in the best coin  The first coin, the populer and the higher price . so all of us always have the wishes for the crypto word in order to exist and grow better  foteever.



Title: Re: Bitcoin blockchain Or Bitcoin price, which makes it the top cryptocurrency?
Post by: Mpxs on June 04, 2019, 04:06:17 AM
Bitcoin is the highest value currency and also most people use it, so I think Bitcoin will also be more developed, because Bitcoin was first made in the world and the value is also highest.