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?
After the entire idea of Cryptocurrency, Bitcoin is the pioneer crypto token that all other coins are building on. All other coins called altcoin are all trying to copy Bitcoin, but they are mostly centralized and can go apart since it consist of a team of more than one or two people and we know that there are human errors and some regulations that will bring them down which has been bringing them down for long that’s why Bitcoin is superior because since its existence, no one can bridge its white paper and any of its processes are transparent including its transactions that run under blockchain technology.
Although, there are other coins that are decentralized like Monero, but Bitcoin is the most used because it is the first coin that was built to give us financial freedom and many people are adopting it because of its transparency and its financial freedom; while altcoins are centralized and can die any moment that’s why people short trade them while they have long term investment in Bitcoin.