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Why Bitcoin is the most popular currency?

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Because bitcoin is the first crypto coin in the world and it has a special value, that why bitcoin is most popular currency. 

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It's popular because it's the pioneer of cryptocurrency and it's was example of successfull implementaion of blockchain technology so most peole consider it as main currency beside that it's give us transparency and decentralized ecosystem which is really needed now.....

....

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Apart from being the first cryptocurrency to appear, it has been the one that has had the most benefits and popularity for the general public, positioning it above the others.

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I do not agree with this opinion as for me it is good to trade and various altcoins. many of them have far worse liquidity and voluntariness.
although to be honest, the last couple of days I trade only BTC and Eth because the situation is very unstable and not clear

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Bitcoin is a consensual network that enables a new payment system and a completely digital currency. It is the first decentralized payment peer-to-peer network powered by its users without a central authority or intermediaries. From a user point of view, Bitcoin is like money for the Internet. Bitcoin may be the only triple ledger system in existence.

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Bitcoin is the most popular cryptocurrency because it was the first to be created and all those that exist today have emerged from it, bitcoin is the reference for all the blockchains that are created and because of this, the large investors have acquired this cryptocurrency. Over time, it has managed to consolidate itself in the world economy and is considered the best investment of the decade.

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Because Bitcoin was the first active crypto to appear in the world, it was founded in 2009 revolutionizing the way of making transactions in the digital format.
 

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Yes i agree with you completely bitcoin project is very powerful its beneficial and profitable enough for its users thats qhy its popularity is very high.

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Bitcoin was the first cryptocurrency to be born, it has strengthened over time and is popular for many reasons, it is the one that generates the most confidence to investors, the amount of volume of 21 million combined with its price makes it more demanding, it is the one that it has the greatest use in the world, that is why the others take it as a reference.

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I guess that bitcoin is the most popular cryptocurrency because a lot of humans know about crypto world due to bitcoin, such a lot of people talk about it and because btc it is one of the first and the most famous cryptocurrencies 

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In my opinion, bitcoin is the most popular currency due to its long history, reliability, and versatility. That added to managed to stay in the first place of cryptocurrencies

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In my opinion, Bitcoin is so popular because of the growth it had throughout all these years, we reached the point that many people take it as a long-term investment, it is also a cryptocurrency that has a countdown with respect to its mining , there is less and less and that increases the demand so its price becomes interesting.

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There are countless reasons why BTC is one of the most popular currencies.

1 It was the first crypto and the one who started it all.
2 Its value is an attraction for investors
3 price fluctuations allow for trading
4 have more pairs to exchange
The acceptance is much wider worldwide including innovation.

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On 1/8/2020 at 5:01 PM, patitaycute said:

In my opinion, since Bitcoin is the first coin appear on the market it is the first coin that trusted by many people and also the value of Bitcoin are fluctuating that's why investors are entering.

The Bitcoin network is not controlled by any central authority. A user can hold multiple bitcoin addresses where they do not have to be associated with a specific name, address or other person.
On 2/27/2020 at 9:31 PM, Ionescu said:

Bitcoin has the highest price on the market and therefore it has the highest market cap which makes it the most popular coins. When you search cryptocurrency on Google you will see most results related to bitcoin 

The potential foreign exchange market offer of profit generation is virtually limitless.Bitcoin was worth per coin at the time. He invested in the Forex market and was able to design a successful investment strategy.

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Bitcoin is the first cryptocurrency, it has tremendous trust in everyone in general, everyone knows about this cryptocurrency, everyone is interested in it, how it works, does it have a future, and so on.

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BitCoin is a very popular currency because it generated an impact worldwide, due to its innovation, security, comfort and the way of carrying out financial operations. We should try not to see Bitcoin as a simple cryptocurrency that may be changing its value in the market, but rather as the future of finance globally. It is a very promising project that is going very fast.

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Bitcoin does not become popular because of its price, but because it is the first cryptocurrency and achieves exchange with the different currencies of the world; The price of bitcoin is more than anything because more people got to know it and invest in it. In addition, as I have said, all this is achieved thanks to the projects that in the long term achieve benefits. Let's look forward to more important events in the world of cryptocurrencies in the coming years.

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Btc became popular because a lot of people accept it they deal with it every day and the price is high they do believe it's the best currency to sell or buy with because they think it will be higher price in future. 

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I think bitcoin is popular, because it was the first cryptocurrency and because its price has not stopped rising in the last decade, it is an excellent investment

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A very simple and short answer is that it is the first ever crypto currency ever mined in the world by a mysterious person or group of persons calling themselves Satoshi Nakamoto and it has become the most accepted crypto currency in the world so far.

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Bitcoin poured into the best of cryptocurrencies. More can be gained by investing less. So the population and much more. If you invest a little, you can make a lot of profit, so how much is the investment in Bitcoin. Cryto is the best bitcoin currency in the world. So its popularity or usage is increasing day by day. Thank you for sharing this topic with me.

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Bitcoin has a very important value as a digital system, since it is the first existing blockchain. It is unique, as each transaction is publicly recorded (although without personal data).

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On 08.01.2020 at 15:07, btcLover said:

In my opinion, Bitcoin is a popular currency because its price changes daily, so it allows us to trade it, and that its price is high, so it allows you to trade from a low price. This was my opinion, and what do you think?

it seems to me that the popularity of bitcoin is due to the fact that the coin is the ancestor of the cryptocurrency in general, bitcoin entered the market with a powerful technology and still holds a leading position.

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The chart shows a distinct surge on Thursday, 9 May, triggered by data indicating a cooling US labour market. The pound was also supported by optimistic GDP data for the UK for Q1 2024 and manufacturing sector data for March. GDP (quarter-on-quarter) rose by +0.6% after a decline of -0.3% in the previous quarter (forecast +0.4%). Additionally, the GDP grew by +0.2% year-on-year, recovering from a fall of -0.2%.   As with the euro, the pound is under pressure from the prospect of earlier monetary policy easing by the BoE compared to the Fed. However, the British currency ended the past week above the key 1.2500 level, at 1.2523. Moreover, 65% of analysts expect the pair not only to hold above this horizon but also to continue its growth. The remaining 35% voted for the pair's movement south. As for technical analysis, trend indicators on D1 are split 50-50. Among oscillators, only 10% recommend selling, 40% took a neutral position, and 50% recommend buying (10% of them signal overbought conditions). If the pair rises, it will encounter resistance at levels 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, and 1.2885-1.2900. In case of a fall, it will face support levels and zones at 1.2490-1.2500, 1.2450, 1.2400-1.2410, 1.2300-1.2330, 1.2185-1.2210, and 1.2070-1.2110, 1.2035. The upcoming week's calendar highlights Tuesday, 14 May, when data from the UK labour market will be released. Also of interest is the Inflation Report hearing scheduled for Wednesday, 15 May.   USD/JPY: $50 Billion Interventions Wasted?   It seems that until the Bank of Japan (BoJ) takes confident and clear steps to tighten its monetary policy, nothing will help the yen. At its meeting on 26 April, the board members of this regulator unanimously decided to leave the key rate and QE program parameters unchanged. 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The published minutes of the BoJ meeting show that most board members took a "hawkish" stance, calling for a rate hike.   However, many analysts believe that the Bank of Japan will take only one such step in the second half of the year. The last chord of the past five days sounded at 155.75. Economists at Singapore’s United Overseas Bank Limited (UOB) expect the USD/JPY pair to trade in the 154.00-157.20 range in the next 1-3 weeks. UOB also believes that the chances of it falling to 151.55 have significantly diminished. Overall, most experts (70%) simply shrug their shoulders in uncertainty. The remaining 30% persistently expect the yen to strengthen. As for technical analysis, 100% of trend indicators on D1 look north. Among oscillators, 50% are such, 15% point south, and 35% point east. Regarding support/resistance levels, traders should note that with such volatility, the slippage can reach many tens of points. The nearest support level is around 155.25, followed by 154.70, 153.90, 153.10, 151.85-152.25, 151.00, 150.00, after which come 146.50-146.90, 143.30-143.75, and 140.25-141.00. Resistance levels are 156.25, 157.00, 157.80-158.00, 158.60, 159.40, and 160.00-160.25.   Events of the upcoming week include the release on Thursday, 16 May, of preliminary GDP data for Japan for Q1 2024. No other significant publications regarding the Japanese economy are expected in the coming week.   CRYPTOCURRENCIES: A Week of Reflection and Uncertainty     What will happen to bitcoin in the foreseeable future? It seems there is no clear answer to this question. Experts and influencers often point in opposite directions: some shoot for the stars, while others keep their eyes on the ground.   For instance, according to the founder of Pomp Investments, Anthony Pompliano, bitcoin is "stronger than ever." 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Anthony Pompliano believes that the price will not fall below $50,000, and another expert, Alan Santana, does not rule out a drop to $30,000.   Trader and analyst Rekt Capital believes that the first cryptocurrency has exited the post-halving "danger zone" and entered the initial phase of re-accumulation. According to this expert, in 2016, BTC demonstrated a long red candle after the halving, falling by 17%. This time, the pattern repeated, with the difference between the post-halving maximum and minimum being 16%. The price reached a local bottom at around $56,566 but then rose to $65,508, on which Rekt Capital concluded that it re-entered the "re-accumulation range." However, there is one "but" - after this, we again observed a drop to $60,175. Overall, it seems that BTC/USD is in a descending channel, which increases investor concern.   In general, the forecasts are quite diverse. Information on the activity of various categories of traders and investors also varies. Analyst and CMCC Crest co-founder Willy Woo noted the activity of so-called crypto dolphins and sharks. "There has never been such a rapid purchase of coins by wealthy holders as in the last two months when the price fluctuated between $60,000-70,000. We are talking about those who hold from 100 BTC to 1000 BTC or approximately $6.5-65 million," he explained. On the other hand, according to CryptoQuant analysts, whales holding from 1000 to 10000 BTC, unlike dolphins and sharks, have behaved quite passively. Michael Van De Poppe, for his part, notes the absence of retail investors.   All this suggests that we may not see new all-time highs for BTC in the coming months. We wrote about this in the previous review, citing, among other things, the opinion of such a Wall Street legend as Factor LLC head Peter Brandt. With a 25% probability, he assumed that bitcoin had already formed another ATH within the current cycle. As for long-term forecasts, nothing has changed here - most of them predict a powerful bull rally for bitcoin. Anthony Pompliano writes about this. Willy Woo expects bitcoin to continue increasing its penetration into various spheres of everyday life, meaning the number of users will grow. "By 2035, we expect bitcoin's fair value to reach $1 million. This forecast is based on the user growth curve. And I'm talking about fair value, not a peak during a bull market frenzy," the analyst notes.   The author of the bestseller "Rich Dad Poor Dad," entrepreneur Robert Kiyosaki, once again included bitcoin in the TOP-3 ways to save and increase capital. "Bad news: the [currency market] crash has already begun. It will be severe. Good news: a crash is the best time to get rich," he wrote, offering several recommendations on how to act in a crisis. Let's note two of them. The first reads: "Find an additional source of income. Artificial Intelligence will destroy millions of jobs. Start a small business and become an entrepreneur, not an employee afraid of losing a job." "Don't hoard fake money (US dollar, euro, yen, peso) that is losing value. Hoard gold, silver, and bitcoin - real money whose value increases, especially in a market crash," is Kiyosaki's second recommendation.   Regarding bitcoin's growth, Kiyosaki is absolutely right; it's even pointless to argue. According to a study by Colin Wu, better known as WuBlockchain, over the past decade, the price of the leading cryptocurrency has grown by an astonishing 12,464%, outpacing giants like Amazon, Apple, Google, Meta, Tesla, and Netflix. BTC was second only to Nvidia (+17,797%). But the fact that bitcoin took second place, being a representative of a relatively new and volatile market, is a real achievement. BTC's impressive growth trajectory over the past decade demonstrates its resilience and potential as an essential component in investors' portfolios.   At the time of writing this review, on the evening of Friday, 10 May, the BTC/USD pair is trading at $60,470. The total market capitalization of the crypto market is $2.24 trillion ($2.33 trillion a week ago). The Crypto Fear & Greed Index has risen from the Neutral zone (48 points a week ago) to the Greed zone, now standing at 66 points. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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