Post
Topic
Board Bitcoin Discussion
Re: Why is Bitcoin so popular? Why has no other coin become popular?
by
Yatsan
on 05/05/2024, 16:19:56 UTC
Aside from being the first one, it is just the only coin most of the people here are supporting. There are still people who doubts its potential but personally, we've seen enough; deep dips to highest highs on its market price. Most of the crypto projects are also using its chain which makes it not surprising to know how big this token is, as it  is being shown by its potential. There are other coins which are gaining popularity as well next to Bitcoin; Ethereum, Solana, and the likes. It is just no other coin can match to its popularity; Even Ethereum which is also a large network is percieved to just be next into it.
Although I am a new member of the forum, I have been familiar with crypto for a few years. I looked at the marketplace and found that the market fluctuated a lot, but I also saw many types of coins that have a market. Despite having many coins, how did this bitcoin become so popular? Why is this coin so popular? Why is it so popular?
For me the main reason behind bitcoins popularity is that it's something unique: it is complete community driven, there is no CEO or creator since Satoshi disappeared years and years ago, and thanks to the fact that it is completely decentralized there is no way to stop it. All the other blockchains can be shut down by the developers in any given moment, bitcoin no.
Actually those traits are also present with many cryptos in the industry even with that CEO thing because there's one person we believe, created Bitcoin which is Satoshi. It is hard to determine what really made it on top but what happened, happened. What best is to just make use of its potential and to maximize the potential profit.