Why Bitcoin is more valuable than others coins? - page 3.

squatter

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Quote from: BreadandButter on November 16, 2017, 03:56:39 PM

we see a lot of coins born everyday trying to make faster transactions and less block time why can't other coins for example litecoin overtake bitcoin price? what makes it so special? any bitcoin experts?

There are multiple reasons, but none of them guarantee that Bitcoin will remain the most valuable cryptocurrency forever.

First off, BTC has the first mover advantage. As the first cryptocurrency, it is the most recognizable and widely trusted "brand" of this new asset class, so it naturally receives the most investment.

Secondly, Bitcoin Core possesses the most prolific developers in the space. While much of the theoretical work and innovation that has gone into some top altcoins is impressive, none can claim credit for creating a system so robust as Bitcoin.

Thirdly, the network effect. Per Metcalfe's law, the network value is proportional to the square of the number of connected users of the system. As more users come online, the network continues to increase exponentially in value. Another cryptocurrency could grow its network at a faster rate, but this hasn't happened yet.

GreenCoin22

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First of all because Btc is the first coin and everybody has very big respect for bitcoin, and second its that btc price increase everyday and people dont afraid to invest in btc.

mackstuart

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It has been asked a lot of times in this forum, and the answer is soo obvious, why dont you try to use Mr Google instead of creating those garbage-posts? it is very useless and it does not helps the community, it is only spamming it.
It is easy mate, bitcoin is valuable only because it has been the first crypto, and because people are only investing in it because it is the most famous crypto. If you talk to someone about cryptocurrencies, they will only tell you that they only know Bitcoin, not all those altcoins.
Maybe you ask them what golem is, and they will reply saying that it is a TV movie, lol.

Zarbout

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I don't think there a specific reason for that. Maybe Bitcoin is more popular and valuable because it's the mother of cryptocurrencies.

a4techer

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For my own opinion and not a expert for this but in my research bitcoin was a most valuable than the other coins just because of bitcoin was the first and leads than the other coins and specially was a high value and i think that bitcoin is not easy to hack so thats why many investor was trusting bitcoin to earn and to invest.

SUDARMONO

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as long as I know the new bitcoin world of coin zec that can override the bitcoin price and it does not last long, and other coin coin like litecoin or eth has never exceeded the bitcoin price, it's probably because bitcoin is the first coin created and becomes the coin as the benchmark price, and mostly to enter the coin altcoin we also have to pass the bitcoin first.

CeramicMaker

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Bitcoin is the first cryptocurrency in the world. At the start the price of Bitcoin was really low and a guy paid 10k BTC for a pizza. But Bitcoin has gone through a long way to make the world know about it and believe that it's the thing can change the world. Bitcoin provided a new payment method to the world and it's better than all other traditional ways. For now the number of people earning Bitcoin is increasing day by day, it make the difficulty of Bitcoin earning and mining increase also, of course this case affect to Bitcoin price a lot, it make Bitcoin price increase as well.

MickeyT2008

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It does not has a "proper" reply, because a lot of things defines the price of a coin, and how valuable it is.
you need to know that bitcoin has been the first cryptocurrency that has ever existed, and this might be the first reason of why a lot of people have sentiments over bitcoin and they prefer to invest in btc instead of other altcoins.
And the second thing that depends on it, is just the max supply of that coin.
Maybe a token has a max marketcap of ten thousand dollars, but they have only one coin, and this mean that the token will be worth $10000.
But bitcon has more than 21million coins at the moment.

swogerino

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It is more valuable as it is proven to not be hacked so far in the network. It is a good store of value if you want to keep it for the future and this is not proven in other coins so far. The creator of Bitcoin it is smarter than the creators of different altcoins as he created bitcoin out of nothing while altcoins have Bitcoin as a base where they start creating their altcoins. It is accepted in some big online stores like Steam and Overstock while altcoins aren't.

asayoyaasa

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same questions over and over again, so im not an expert about this but based on my opinion what born first that ppl will know first too. ppl already adapt and bitcoin become mainstream its decentralized almost everybody know and use it. Alt in other side like ethereum and litecoin born after bitcoin so its still new people still try to learn it. I dont want to say that other alt will not take over bitcoin place but maybe take a years for that.

BreadandButter

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we see a lot of coins born everyday trying to make faster transactions and less block time why can't other coins for example litecoin overtake bitcoin price? what makes it so special? any bitcoin experts?

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