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?
we have different kinds of cryptocurrency and bitcoin is one of the cryptocurrency we all know today so bitcoin is father of other currencies other coins is subject to Bitcoin so it is being popular because other coins give rise to bitcoin, so what I'm saying in not show is that all the altcoin all of them is dependent on Bitcoin that is why bitcoin is popular without Bitcoin being increased other altcoins will not get increase, secondary bitcoin is a digital currency and it is a decentralized currency government does not control and that is why from my own perspective bitcoin is being popular because no one controls it or no one regulate bitcoin..
Bitcoin is the first cryptocurrency ever created, which means it has more history than any cryptocurrency. Its features are what makes Bitcoin unique; pseudonymous; decentralized; and secure. Other cryptocurrencies have been developed since Bitcoin was first introduced to the world, many of them have been pump and dump coins, scams and generally inconsistent with goals shared in their whitepaper. Bitcoin has had no such problems and unlike altcoins, we can trust the longevity of Bitcoin.
I disagree with you because good is a digital currency and we have other currencies that has already established before Bitcoin but when you come in terms of cryptocurrency Bitcoin is the main factor why other coins are subject to it as I stated before but the thing being that other coins is being created as token but Bitcoin is from the blockchain technology Direct so what you are saying and what I said also is the same thing I have not seen any difference you are right and you may also not be right.
it's the first cryptocurrency using blockchain and it's promoted by the OGs as well. it's not surprising it's been the most popular. some altcoins are popular as well like ETH but BTC is just the first and more people trust its technology and its CEO is gone making it more decentralized.
it's the top cryptocurrency that has the highest market cap too. and now that even the mainstream media is now broadcasting its worth, it will be a lot more well known and its price also might be flash on TV everyday.
you are right because Bitcoin is the pioneer of other currencies why other cryptocurrencies does not have the name bitcoin has is because bitcoin was well established before them and they got their increment through Bitcoin whenever the market or bitcoin is bad it affects other coins but when Bitcoin increases other coins will start showing a greenish color in the market.