Why bitcoin become very popular

[Setho]

First of all bicoin I think became the most popular because of it being the first crypto currency to be launched. It had a fee issues with people believing it in the first years of life but people saw the benefits of the anonymous transactions and not being able to be controlled like fiat. Many rich people as lo invested a lot of money in it.

 

[Damismiling]

Bitcoin is a popular crypotocurrency, but the rising exchange rate gave more popularity to it and created a global awareness

 

[BrolySSJ]

A few years ago most of poeples didn't heard about bitcoin and a few peoples was using Bitcoin the bitcoin
price before 2017 was between 100$ and 500$ so what do u think make bitcoin become very popular and very expensive ?

I think that reputation of bitcoin started to increase as people learnt more and more about the cryptocurrency field. And also if you look at the number of influential people that ended up getting involved in this field, it also encouraged a lot of people to explore cryptocurrencies leading to a much higher increase in the price. Furthermore, bitcoin is able to provide many advantages such as quick transaction times, and anonymity which i think many find attractive. And as such there is an increase in demand which drives the price up as well.

 

[Oscar]

Bitcoin became popular because it offered something new and unique, it offered the opportunity to store value in a digital, virtual currency. It's decentralised nature was also attractive. Furthermore it is also available on most exchanges and isn't controlled by the traditional banks.

 

[Aumeabbas]

A few years ago most of poeples didn't heard about bitcoin and a few peoples was using Bitcoin the bitcoin
price before 2017 was between 100$ and 500$ so what do u think make bitcoin become very popular and very expensive ?

Today world is virtual and smart world. Bitcoin is most likely virtual currency which is more powerful and worthfull than other currencies.Near future it will be get more higher place in all kind of businesses

 

[Sotherefore]

I also think the reason why bitcoins is popular is because it was the first cryptocurrency to come into existence and as a result people rush into it and buy it and use it for transaction, sometimes ago there was a time which bitcoins was $1 in 1 bitcoins so as it becomes popular people buy it and do transaction with it I think the main reason while bitcoins is very popular is because it was the first cryptocurrency in existence.

 

[BTCBEE]

A few years ago most of poeples didn't heard about bitcoin and a few peoples was using Bitcoin the bitcoin
price before 2017 was between 100$ and 500$ so what do u think make bitcoin become very popular and very expensive ?

i agree with you that no one knew about bitcoin even i dint know also and i knew about bitcoin in 2017 feb. it was only 800$ ..now its over 20000$ and sometime ki think whats the pirpose of currency of USA and canada and all other currencies if bitcoin will run like this

 

[salman Royy]

The value of the bitcoin was not higher than before. As time goes on, the price of bitcoin very high. Now that people know about the value of the bitcoin, its price is skyrocketing. The whole world was shocked.

 

[Lagazine]

Bitcoin is popular because, it came before all other crypto currencies and its showing its leadership strength now. When bitcoin was newly introduced, a lots of people all it a scam, which make people to know it, but the rate at which investors welcome it, make them change their beliefs but, it's late. Now, you can book an international flight, hotel, ticket, etc with bitcoin.

 

[Adeyoola7]

Most consumers are using bitcoin because of the high convenience and ease of bitcoin and ultimate security that blockchain technology offers. Cryptocurrencies like bitcoin are gaining huge popularity become a plethora of customers are accepting bitcoins in their businesses

 

[Aaron625]

Its because of the way the price of bitcoin rised from few cents to $60k+ , people are very curious to know more about bitcoin and therefore invest in it and thats how it became popular.

 

[Alexandoy]

Maybe a group had supported Bitcoin when it was new particularly the exchange market. If the crypto is not found in any exchange center then it cannot flourish because it cannot be traded. Bitcoin got popular when the price continued to increase. Now that the price of Bitcoin is going down then its popularity will be waning soon.

 

[Nurudeen]

Bitcoin become popular after the surged that happened in the market few years back. So for me Bitcoin is a long term thing if you think you want to make some good amount of money from it.

 

[Bookwormlux]

Talks about how Bitcoin mining uses a high energy has also made more people to know Bitcoin which tends to boost its popularity the more.

 

[Snazzy001]

Bitcoin had no choice than to become very popular because it was the most popular means through which people were getting money and getting rich as well

 

[Justin]

Bitcoin is popular because it is the most trusted crpto currency and a lot of bit investors including Tesla and Apple have heavily invested in bitcoin. Bitcoin will continue to become populr

 

[Ub40]

Bitcoin has become so popular that I doubt if any coin will rise to near it not to talk of passing it. I think one of the reasons this coin is so popular is as a result of high usage and acceptability. This coin is widely used in offline and online transactions. That is my opinion.

 

[Nomad]

Since bitcoin is one of its kind and the first crypto currency that paved a way for a lot of crypto currencies to evolve, it is very popular with investors. SInce it has a lot of investors, the price is also high

 

[Elfinito]

Bitcoin become popular when big organization and individuals who operate big business went into Bitcoin

 

[Sotherefore]

Cryptocurrency Whales are the people that make certain cryptocurrency to be valuable ,Elon musk and other big business organisation that have invested in cryptocurrency and make the price of BTC to rise to the standard that it is today.