What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?
Considering its the first digital currency or cryptocurrency exist wayback before into those years. It might not get the attention directly from most people but there are some who do believe on its potential and Satoshi did really make a great innovation when it comes into payment system which we do see on its white paper on whats the purpose of the creation of bitcoin and now we are witnessing its success.
Setting and establishing a name and price in the market is one or the best thing bitcoin brought on the preceding years. Becasue it is the part where it experience development and growth in terms of price, transactions and vekue through out the market. Hence , people are also a vital part for its development becasue we are the one who regulated it stock on the market which indicates its price.