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@ IBiz
2024-11-22 17:19:43
Cryptocurrencies have not only changed the world’s expectations surrounding money. They’ve also continued to evolve in their own space since the first bitcoin block was mined back in 2009. Since then, thousands of unique cryptocurrencies have popped up. Of these, Bitcoin remains the most popular.In fact, a recent survey found that 8% of americans have invested in cryptocurrency and of that 8%, 5.15% have invested in Bitcoin.
Curious to see why Bitcoin is the most popular and what other cryptocurrencies are running close behind? Keep reading.
It’s been about a decade since Bitcoin expanded currency into the digital space of the internet. Since that time, it’s remained the most popular cryptocurrency in the world and most used of all cryptocurrency.
With Bitcoin, users transfer money from one digital wallet to another digital wallet with ease. Each transaction is then verified by other users and recorded on the public ledger, known as the blockchain. For the fact that Bitcoin which is currently the top cryptocurrency gaining awareness on daily basis on the wheel of fortune is tough,that way it can't be predicted so easily even for an expert as there is no one who can predict the future and be accurate of the outcome. No one ever thought Bitcoin will ever be worth $20,000.00k in 2017 as same reason why the awareness keeps brewing each passing day making it easier for investors dealing in bitcoin. Aside buying and holding bitcoins for potential gains which is one of the advantages of the benefits derived from dealing in cryptocurrency, I also recommend that you invest in service companies such as the Zippercoin(www.zippercoin.tech) company, a cryptocurrency investment company that gives return on investments made in days by capitalizing on the volatility of the crypto market to generate profits giving you better chance in the cryptocurrency market.
Some key factors that have contributed to Bitcoin’s popularity include:
Although it fluctuates, its price is high. A single Bitcoin is worth $4,931 US dollars as of this writing. This is significantly higher than other cryptocurrencies that exist. Major companies are starting to accept Bitcoins. These include Microsoft,overstock and more. Bitcoin is easy to set up. Bitcoin is supported by the most notable exchanges and digital wallet platforms, such as Coinbase. This makes getting in the game easier. Investors have been supporting Bitcoin’s growth for years. Bitcoin has been around longer than all other cryptocurrencies. This has allowed them to gain a strong following of investors. Bitcoin also has the highest market capitalization among cryptocurrencies, which is often considered by investors. Market caps are calculated by multiplying the current supply of the currency by the current price. This is known as the circulating supply of currency, and can indicate if a currency is risky to invest in. High market caps usually indicate less risk as there are more users. Therefore, Bitcoin is believed to be a better choice than other cryptocurrencies out there
.There is always light at the end of the tunnel,be wise with whatever decision you take.Always remember to diversify,study the cryptocurrency market before diving on the choice of coin you deem to trade,choose reliable service to trade with to avoid unnecessary loss.
Stay safe and God bless.. Source: https://www.quora.com/Why-is-bitcoin-often-the-most-talked-about-cryptocurrency-Is-it-possible-for-one-cryptocurrency-to-be-successful-while-others-are-not#:~:text=Bitcoin%20is%20a%20well%2Dknown,lack%20of%20a%20groundbreaking%20project. @yakihonne