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Topic: Bitcoin is the only trusted cryptocurrency (Read 1945 times)

groll (OP)

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Bitcoin is the only trusted cryptocurrency

July 13, 2016, 02:31:06 AM

https://news.bitcoin.com/onecoin-false-misleading-warns-belgium/

At this point of time there are many cryptocurrencies that have appeared after the success that bitoin has shown to the whole world. Many copy cats are making their own coins which seem to look like bitcoin but with different feature.

Last july 11, 2016 an article was released saying that Belgium has warned investors against the use of Onecoin. According to Authorities Onecoin maybe a Ponzi Scheme since the funds and sources are questionable. Onecoin and its organizers have been receiving negative feedbacks due to this issue.

At this case, I will presume that the only trusted coin is bitcoin. What are your thoughts on this? Do you agree with me?

7788bitcoin

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 02:37:13 AM

I think bitcoin is currently the most useful cryptocurrency due to the network effect. Other alt-coins are lagging behind due to lack of users and insufficient developer backing.

At the moment, bitcoin has been shown to overcome challenges and issues, and has been the most advanced and well tested. Alt-coin are only followers.

jerowacik

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 02:39:11 AM

I think bitcoin is a pioneer of digital currency. when asked about confidence then I think bitcoin have it.
the level of trust people to bitcoin is already very high.

romero121

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 02:43:18 AM

More and more users trust and continues adopting bitcoin because of its increased growing potential. Also no other digital currency had grown to such a big price or survived long as bitcoin.

Conus

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 02:44:29 AM

I am sorry, but I can not agree with this. There are a number of coins that showed up for one specific purpose and these coins are very useful for those purposes. There are also some bad coins, but there are a number of stable coins, just not as many trusted as much as Bitcoin.

Posum578

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 02:57:28 AM

If you only trust bitcoin to be trusted cryptocurrency, i dont agree with you
I still have another cryptocurrency that i trust it, its called dogecoins. I trust it and still use it cause it has fast transaction also only take 1 doge as fee it less than 50 sat

pooya87

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 03:02:13 AM

all of the altcoins fall under the pump and dump scheme and it is not only limited to onecoin. and this is not for recently as you say in your first post, this has always been this way right from the start. bitcoin have also been affected by this but because bitcoin is also used as a currency and it is more than just a coin and also has a bigger community that part is faded away over time.

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groll (OP)

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 03:03:13 AM

Quote from: romero121 on July 13, 2016, 02:43:18 AM

More and more users trust and continues adopting bitcoin because of its increased growing potential. Also no other digital currency had grown to such a big price or survived long as bitcoin.

Yes, bitcoins history record and positive feedbacks since 2009 is highly being considered by many. As long as survival rate bitcoin offer the highest survival rate compared to other cryptocurrency. I will definitely chose bitcoin over other virtual currency. I believe that other cryptocurrencies will go down and bitcoin will be the one left standing.

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 03:07:34 AM

Quote from: jerowacik on July 13, 2016, 02:39:11 AM

I think bitcoin is a pioneer of digital currency. when asked about confidence then I think bitcoin have it.
the level of trust people to bitcoin is already very high.

Shall we say, the Bitcoin or BTC is the mother of all cryptocurrencỵ Some are copied from bitcoin source, though there are others who are different from btc but still iys the btc that gives them ideas.As long as there are many people supporting bitcoin,we can trust it.

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madwica

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 03:18:09 AM

#10

Not only bitcoin is the trusted cryptocurrency there are many coin which is trusted too but bitcoin is the number 1 coin and you can do many things in bitcoin that altcoin can not do. That is why more people using bitcoin than other cryptocurrency.

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 03:35:41 AM

#11

Quote from: Posum578 on July 13, 2016, 02:57:28 AM

Not just bitcoin or doge, at this time there is some trusted cryptocurrency. in your point. doge, it's has a fast transaction and what means of this. all of the cryptocurrency is same. you said if doge just taking a little fee, the fee is adjusted to the value of the coin.

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etparle

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 03:37:04 AM

#12

Quote from: pooya87 on July 13, 2016, 03:02:13 AM

Bitcoin is no saint either. You don't think Bitcoin was manipulated and pumped back in the Mt Gox days? Roll Eyes

Xester

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 03:38:16 AM

#13

Quote from: groll on July 13, 2016, 02:31:06 AM

Wow this is shocking news. I am planning to buy some onecoins but seeing and reading the article changed my mind. I would rather spent it on bitcoins rather than on onecoin. I will also warn my colleagues who invited me to join onecoin before its too late. I will encouraged them to exchange their onecoin to bitcoin so their fund will be more safe.

ASHLIUSZ

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 05:40:48 AM

#14

Quote from: madwica on July 13, 2016, 03:18:09 AM

The reason which is extremely difficult for any altcoin to gain a larger share of the market than Bitcoin is the reality that Bitcoins much larger market cap what allows it to hold onto that top spot. it is important to remember the power of Bitcoins position as the first cryptocurrency gives people more trust than any other cryptocurrencies.

BitcoinFanService

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 06:00:43 AM

#15

i am agree that bitcoin the only trusted cryptocurrency beside of bitcoin giving us profit. bitcoin will be the new evolution of fiat money.

btckold24

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 06:06:06 AM

#16

The only crypto I would feel comfortable in is bitcoin and maybe a small amount of litecoin. I just dont have a need for the other coins or to take the risk but I know there is some
good alt coins that actually have a purpose but still gotta agree with the basic sentiment that I only trust btc to have any decent amount of money invested in.

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JustUse199

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 06:17:42 AM

#17

bitcoin not trusted much it also have big risk when u do trade otherwise bitcoin is the best wallet.. use desktop wallet u never be face scamming or hack..... !

zodin

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 06:26:04 AM

#18

ye i am also agree with this statement. you can see that the a large number of people are entering in bitcoin and they are investing their money in bitcoin. and that is the reason that bitcoin is still in number one as compare to other crypto currencies.

crytoboost

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 06:37:31 AM

#19

Bitcoin is one of the most trusted cryptocurrency, I am pretty sure there is none would be trusted like this, there is so many reason which make it most trusted because it has more bigger community and winder adoption than other cryptocurrencies.

Zadicar

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Re: Bitcoin is the only trusted cryptocurrency

July 13, 2016, 06:44:07 AM

#20

I totally agree with you. Bitcoin is the most trusted crypto since it has the highest price exchange in usd compared to other coins then it's also famous because these coin is spreading throughout the globe and becoming popular for which some merchants is already accepting Bitcoin as payment exchange to their stuffs.

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