Topic: Why Bitcoin is the #1 crypto currency in the world if it's slow and expensive? (Read 358 times)

If it is not considered complete at this time, I think it is natural that everything is still in the development stage and the Bitcoin core is adopting SegWit, an update aimed at overcoming transaction flexibility and increasing the speed and throughput of transactions on the blockchain. Yes, exactly as you said, if more and more people use it, there will be a slowdown and that is very understandable, especially nowadays.

Time? Hhmm, that's odd. I thought time only exist for the living things like for us humans?
We don't just say, but it is actually true that BTC were fast and inexpensive in its early days. Though, the reason you have given there is correct and responsible for its change. Not just in Bitcoin but if we think about other things, they also work the same; that if more and more people are using them, there is also a slow down that happens.

And for it to have a remedy, we are required to pay a little more. People needs to start realizing this, so that they will stop complaining about the high fees in BTC sometimes, or whenever the network is fully loaded.

The question to why bitcoin is the number one cryptocurrency in the world even as it is slow and expensive, ought to be visible even to the blind. We have to discuss it thus;

• Bitcoin is the number one cryptocurrency because from creation, it has been the number one 
• Bitcoin is the number one cryptocurrency because it has the highest volume as can only be compared by the volume of Altcoins put together.
• Bitcoin is the number one cryptocurrency because it is the only truly decentralized coin
• Bitcoin is the number one cryptocurrency because its network is well secured

It is true that bitcoin transaction is no where to be compared to that of ripple but bitcoin developers have been working modalities to make bitcoin scalable like LN, Sig wit, taproot etc

 For same reason bronze and other metal alloys yield the palm to gold, platinum and other precious metals which are very rare and require a lot of resources to mine.

Regarding XRP, there are  rumors that it may hit $3.5 or even $5  thus don't get discouraged if you are investor in this junk.

Slow and expensive, statements like this emerged recently after the cost of sending Bitcoin felt expensive. Bitcoin has many uses and most of the Crypto investors prefer to invest in Bitcoin over Rippel, Bitcoin also has fundamental strength in the market which makes its demand increase. Don't just look at one negative side to compare something with something, you have to go deeper to see its widespread use and adoption to compare the greater positives and negatives. Expensive costs are only a matter of time, this condition will not be permanent because costs will return to normal over time.

Also because this coin is been well tested for a lot of challenges occurs and it surpass its huge supposed to be price drops that's why this one gather a lot of confidence so its not surprising that this is the most famous coin even if the fee is high and transaction sometimes take long.

Also Bitcoin is well marketed or introduced since if many people talk about crypto or if they teach someone about crypto they always talk about first bitcoin that's the reason why it became more famous since from time to time this always get a free exposure to the people want to know about it. I don't see the limited stock is the reason since for sure this will be the less reason but for sure since they see a great adoption came later on they realize that supply may play some important role to determine about what will happen in future.

One of the strongest reasons is because Bitcoin is truly decentralized and is a pioneer in cryptocurrency. People really believe in Bitcoin because one of the reasons why other coins are not as popular as Bitcoin is because of the fear of intervention and price manipulation from certain parties. The next reason is of course limited stock. Coincidentally Bitcoin has a very limited supply and has very many uses. That is also what keeps Bitcoin number one and I think nothing will be able to replace it.

Lol at guys like you man. Slower? 10 minutes average per block has always been the speed, priority of next block confirm is always in place. 9 confirmation services always there.

Very expensive lol thats price of adoption.

People using Bitcoin because its decentralized is nonsense. 90% of you posters keep BTC on exchanges.

I am not certain if Bitcoin was the first cryptocurrency ever created, but I believe it is considered the number one cryptocurrency because of its price movements, earning potential, and the tremendous trust people have in it which is not comparable to other Altcoins. This trust factor makes the risk of investing in it lower as compared to other cryptocurrencies that may easily dump due to an issue. Moreover, people trust it more than any other cryptocurrency. But if you are looking for quicker and cheaper coins, there are many other cryptocurrencies to choose from.

Bitcoin is secure and reliable(by reliable I don't mean having a stable price). Some people are willing to pay an extra for more security and reliability. Ripple might have low transaction fees and faster transaction speed, but it's basically a centralized shitcoin. By having ripple coins, you rely on the mercy of the Ripple owners and developers. Yes, we all hate the fact that the BTC blockchain gets congested and the transaction fees go thru the roof, but there's no way around. Bitcoin will always be "digital gold" rather than a fully functional currency.

Not everything is about speed and/or price: bitcoin is not only the first cryptocurrency ever created, like you say, it's the only one that was, is, and will be always decentralized. All the other altcoins are not decentralized at all, their founders hold a ton of coins so the can pretty much do whatever they want. Being decentralized is simply priceless.

Well simply because it has what other cryptocurrencies do not have which is time

bitcoin was the first ever cryptocurrency ever made let’s just say that bitcoin was not slow and expensive back then but of course time had passed and more and more people have discovered it hence increasing market activity but it’s still the #1 because it is what has proved itself against time

The trust and legacy of Bitcoin underpin its dominance. Though slower and more expensive than newer cryptocurrencies, its the original and most famous. This familiarity builds trust among users and investors.

Ripple's problems show that technological dominance doesnt guarantee market success in crypto marketplaces. Investors want what they know and trust, and Bitcoin has a strong reputation. Besides speed and cost, trust has made it the "gold standard" of cryptocurrencies.

The crypto market is influenced by beliefs. Despite its shortcomings, Bitcoin has gained consumer trust that newer, faster, or cheaper cryptocurrencies have not. It shows the value of first-mover advantage and confidence in digital currencies.

BTC will always be an aggressive investment with aggressive growth too, now. Are you likely to have to wait until BTC stabilizes again, I don't think so. Speculators are always looking for the moment when the price becomes discounted again and will always buy it back and that is why BTC is always Volatile.

Indeed, currently it seems slow and expensive as you mentioned above, but if more people use it, this is the main reason why the price of BTC will continue to increase. For Ripple, its users are still waiting and seeing regarding the resolution of Ripple's problem with the SEC, whether it will be finished next year, I'm just following it.

Because it's the one that a lot of people trust the most, it's the one that a lot of cryptocurrency out there that aspires to be and it's like a premium if you have a bitcoin and that you're with the cool kids if you've got a bitcoin plus bitcoin's got a sure exponential growth out of all the cryptocurrency out there and the people know that despite all of this things that you mentioned OP. Bitcoin is the spearhead to the financial freedom revolution.

I can get to explain it to you in simple words.  Imagine there are two persons one is an old person who has much experience and has built good trust while on the other hand, there is a young boy who does have not that much experience nor has built any trust and also faces many legal issues so how people can trust on a young boy instead of the old person.  The same is the case with Bitcoin it is old And almost the first cryptocurrency to make a huge market,  it's true that transactions are slow and have high fees but people believe in it,  they use Bitcoin as online gold while on the other hand, ripple are too fast and has smaller fee but still fail to cross it's ATH,  the reason is SEC LAW suit which makes obstacles in its ways and when it faces legal issues like this in it's earlier stages then how people trust on it.  Let's see what will be happening in the future maybe they will go up and make a record price.

That's unfair, you need to break down the minutes instead of looking at how many confirmation it takes.


Bitcoin only need 1 confirmation while Polygon need 30 confirmations, but 1 confirmation in Bitcoin take around 10 minutes while 1 confirmation in Polygon take around 2 seconds or 1 minute for 30 confirmations[/url]

Not only no one uses them, but they're centralized, making it has no competition with other validators.

There's perks to being the first and most trusted cryptocurrency in the market. That's pretty much what bitcoin has mostly going for itself nowadays. At the same time, Ripple's not without its flaws as well, so between bitcoin and ripple, the latter doesn't sound so appealing anymore considering that it's not as valuable, and at the same time comes with its own sets of flaws and allegations that it has yet to fix. Bitcoin on the other hand is already established, with its growing userbase, people who held their coins from 2008 and have yet to sell being basically the foundation of the industry. And not to mention a more trustworthy system than Ripple when it comes to sending money across large distances.

Ripple's not as decentralized as bitcoin too, which is something that a lot of people in the crypto world makes a big deal out of nowadays, and since it's not decentralized it doesn't look as appealing to people compared to bitcoin. Perhaps next time, use a different coin to compare bitcoin against cause in all honesty, Ripple couldn't hold a candle against bitcoin.

How Ripple  found its way into people's heart still remains a mystery.

I am yet to hear of one major project that has been founded on its ecosystem with loads of users. Just some projects still trying to find its foot in the tech space and yet you can't mention the top 20 cryptocurrencies by marketcap without mentioning Ripple.

Maybe its because the SEC had to clamp down in it when it had its all time high and had left loads of investors in unimaginable profits. Maybe its the sympathy of the holders as SEC had filed a law suit against it. I can't just wrap my head around it also.

You are comparing completely different assets. Bitcoin is decentralized that you have the full ownership of it and ripple is centralized. Also ripple is having drama for years now that is highly the reason why the value don't jump that high because the price movement is depending on what result does ripple has in their law suit case.

We are now having a congested mempool that's why transaction speed are extremely slow and I understand the frustration given that I also have a stuck transaction on bitcoin. It somehow made me use other coins like litecoin for some of my transaction given that it's decentralized and much more cheaper and fast than bitcoin.

It's because of the relation of market cap and supply. Bitcoin only had 21b supply with $900B marketcap as of today, so we should expect that the price is so expensive. If we can go back to the time were the market is just around $100m or $1b I believe that you can really afford while the price is so volatile. The higher the market cap the lower the volatility.

Ripple is one of the cheapest coin because they have 100b supply and only had $33b marketcap.

Yep, bro, your point in the thread is amazing and makes some sense. I also like your point that people preferred Bitcoin over Ripple, although the Ripple transaction fee is lower than Bitcoin. But people who like Bitcoin as compared to Ripple do so because of the reason that you explain that it is not about Txn fees and speed It's about trust. Bitcoin has given us trust that no other coin has.
I really appreciate that your point tends to make me think that the thing that makes Bitcoin rarable and unique which is trust despite the fact that it doesn't have any other. The rest of the members have said the same old words By giving the shape of a new post, only your post makes me feel better.

And i think this is the true reason why people like Bitcoin over others, while they know Bitcoin has a high transaction fee. But they know that the high fee issue is a temporary problem, it will be solved after some time or with time Despite trust being the key point, not everyone can provide it in Createria, and the real thing is that.

you can't compare bitcoin with ripple, even though bitcoin fees are expensive, bitcoin has a better reputation than altcoins like ripple. bitcoin fees are very volatile (that is the nature of bitcoin), bitcoin is the first cryptocurrency created and has the aim of improving the world's financial system while ripple aims for business. However, Bitcoin now has a lighting network which can be an alternative choice for users who actively transact with Bitcoin, while for those who invest in Bitcoin in the long term, they will never be bothered by high fees.

Apart from the fact that bitcoin is becoming very slower and very expensive, I think one of the major reasons why people are accepting it more than any other cryptocurrency is it’s decentralized nature and I think aside bitcoin, every other cryptocurrency is at Sime point centralized which isn’t what we actually want now but I think the cost of bitcoin should actually be looked into because it is actually getting incredibly expensive and if it keeps going this way, it might be impossible to buy in 10 years to come

The simple answer to your question is decentralization is the only reason bitcoin is superseding

And I would argue that Ripple is not fast and cheap enough to truly make it viable for the masses. I don't think any true crypto (and Ripple, being centralized, probably wouldn't satisfy everybody as even being that) could truly rival systems like Visa/MC/etc., which would be the first step in a currency being widely adopted as a means of value transfer for mainstream transactions.

+1

Adding on your point it has failed investors numerous times those who had invested in Ripple expecting it to reach $5 are now waiting for t to cross $1 and sustain. What can be expected from a centralized coins and surprisingly still on top 10, Bitcoin may be slow and expenses but it has never let it's investors down I am okay with the speed but the tranfer fee has been a pain point recently which is not something Bitcoin should be known for as it should be cheaper than traditional transfer modes.

Just because it's slow or expensive doesn't change the fact that it's safe and the most trusted crypto-currency. Also, what you say is just a temporary situation. Network isn't always this slow and expensive. It's ridiculous to compare Bitcoin with Ripple, I don't even need to list the reasons here why Bitcoin is better. Everybody already knows that.

According to an article that I have read, there is an ongoing lawsuit between SEC and Ripple as the latter failed comply with its rules and regulations by breaching its mandates and laws. The lawsuit has been ongoing for more than three (3) years now and I do think that there will be a compromise agreement/settlement in order for such to end.¹

Thus, Ripple may be fast in securing your funds when you transfer it from one wallet to another but it is not as secured compared to BTC, plus the pending law suit.

Bitcoin transactions are confirmed via the blockchain technology where there thousands of confirmations that happens. While the process may be relatively slow, at least you are guaranteed to receive your funds as BTC is fully decentralized. No person can forever fake a transaction as it will definitely be confirmed by other people as well.

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1 https://www.cnbc.com/2023/09/13/ripple-says-it-will-fight-the-sec-lawsuit-all-the-way-through.html#:~:text=The%20lawsuit%20between%20Ripple%20and,registering%20it%20as%20a%20security.

Don't forget David Chaum who made the first digital currency, Ecash.

As you've said, it is the holy grail of this market and that's why regardless of how slow it is and how expensive the fees are. It is still the top choice of many.

This is one of the reason for being the first cryptocurrency and its perk. Nowadays, it's no longer about its speed and fees but it's about its use case as a store of value, asset.

There are lots of reason why Bitcoin is the number one crypto even though it does have some disadvantage like being slow but there's also advantages that many people prefer like being decentralized unlike the centralized crypto like XRP that didn't change much or didn't grow or developed. Well, you can answer this question, do you think that other cryptocurrency will exist if Bitcoin didn't get recognized by many people?. If you asked me that question then my answer would be no.

you have answered your question in the first point of your statement.

the reason people use bitcoin is because it is the first cryptocurrency that brings blockchain technology and a decentralized system that is credible, transparent, and secure, meaning that only bitcoin truly carries the spirit of satoshi, not other coins.

bitcoin is also a pioneer in the world of cryptocurrency which succeeded in bringing people together and building a large community that has survived to this day, even rumors, negative news, bans, and various other disasters, it has not stopped bitcoin, in fact it has become bigger and its adoption continue to increase.

reasons like that are what make many people prefer using bitcoin compared to other coins. even when the fees are high and the processing time is longer, people still stick with bitcoin and don't switch to other coins and leave bitcoin. it shows how much people believe in bitcoin.

XRP is centralized and so are many other cryptos that are near to being centralized since they run on PoS mechanism whereas Bitcoin is the highly decentralized crypto until now so people still use it for that reason. Congestion in the network is not really a new thing, it happens almost everytime when we are in the bull run and also people used to claim why bitcoin is number 1 when it doesn't deserve it but it again and again proves them wrong.

I think people might be overthinking this a little.

The answer is: because nobody cares that it's slow and expensive.

The truth is that Bitcoin (and almost all cryptos as near as I can tell) are used almost entirely as speculation instruments, not as a means of value transfer.

Bitcoin has the highest market cap right now because Bitcoin is the most popular meme right now.

It's like you are asking, "why do people pay so much for Ferraris when they have such poor trunk space"...

Judging a coin's worth solely by transaction fees and speed is like picking a book based on its cover art – shallow and misleading. Sure, flashy new altcoins might boast lightning-fast transactions and dirt-cheap fees, but that's often just the shiny paint hiding a rickety frame.

The true value of a coin lies in its foundation, its security, and its decentralization. And in that arena, Bitcoin stands tall, like a weathered redwood amidst a forest of saplings. It may not be the fastest runner, but its roots run deep, its bark is thick, and its resilience has been tested by a thousand storms.

That's why Bitcoin, despite its slowness and high fees, remains the king of the crypto castle. Its network is a fortress, its code battle-tested, and its decentralized nature makes it immune to manipulation and control. It's like a digital Switzerland, a safe haven for those seeking a currency beyond the reach of greedy banks and prying governments.

Bitcoin is not slow, 1 Bitcoin confirmation is more secure than dozens of altcoin confirmations, which is why exchanges take BTC deposits with 1 confirmation and require 12+ for alts.

And alts have lower fees because no one uses them, their blocks aren't even full. But they are susceptible to 51% attacks, while in Bitcoin it never happened and is not likely to happen in the observable future because of how expensive it is.

Bitcoin had great potential compared to ripple that is centralized and was able to get rid by SEC. So many times, the government has tried their best to see how they can find a way to control bitcoin, but they have all failed woefully. This because bitcoin is decentralized and censorship resistant. It also gives financial freedom to its adopters and that is what most users are adopting it.

Bitcoin is a store of value and an asset that can give you profit over a long period of time. Rippo is a shitcoin and can't be used as a store of value because it is a short-term project and that was why it couldn't survive. The high transaction fee will soon subside, and the fees will go back to normal, it is only a matter of time.

Take note that the current high tx fees does not make BTC slower, it doesn't affect the time between BTC blocks which is 10 minutes on average, the problem is that if you want to get into the next block you have to pay a fee for high priority, which is expensive right now. Even if the fee rate drops back to 1 sat/vByte today, the difference in time between blocks will remain at 10 minutes on average.

Bitcoin's main point wasn't that it would be cheap, but that it would be decentralized, allowing to eliminate intermediaries in financial processes. Bitcoin is still decentralized and impressive in that sense. Ripple was created to improve global financial operations and with intention of lots of collaboration with centralized entities. And while Bitcoin isn't a corporation, Ripple is an invention of a certain company, so it's less decentralized. I think Ripple failed because it didn't manage to secure strong enough support of global financial operators, whereas Bitcoin didn't have to secure it in the first place.

 Bitcoin is first cryptocurrencies that is very much decentralized, bitcoin has been there ever since and because of the creators anonymity makes it more secured from law attacks, since his identity has not been revealed the central authorities has no evidence of suing it unlike Ripple that the SEC has succeed to bring down because of its centralization.
If Bitcoin was centralized it would have faced much challenges like Ripple, and might have falling now.

The answer to your question is simple, just like I have said before Bitcoin is more like the origin. every other cryptocurrencies was introduced because Bitcoin has been created considering the success it has achieved, shitcoins came into existence trying to fit in as Bitcoin too but must where for selfish reasons.
Bitcoin might be slow now but it's just a temporary issues that will be over soon from view but still going to keep on being the most expensive.

That's not how to define the number 1 coin in the world, it's not a matter of how slow or expensive it is, because everyone knows Bitcoin is the origin of the decentralized digital financial revolution in the world using Blockchain technology. So even if it is said to be slow or gas fees are expensive it still won't reduce interest in owning Bitcoin. regardless of what is happening now, because we are facing a bull market phase, we are already aware that there will be massive transactions that will cause traffic to become congested. This is a sign that this increase proves that the level of interest is increasingly enthusiastic in wanting to gain profits during the Halving.

Ripple? cheapest and fastest? not care
If you were faced with choosing between 1 BTC or 1 XRP, which would you choose? it's that simple!!

Bitcoin is not only the #1 cryptocurrency, but I would say that it is the only one. I think so because of the decentralization that only bitcoin has. All other coins have owners who pursue their own interests (most often related to enrichment). Whereas bitcoin essentially belongs to the community. No one individually owns bitcoin (as a project), but at the same time, it belongs to everyone. As a heritage of humanity. Everything else is rubbish. What makes it #1 is not speed or cheapness. There are plenty of faster and cheaper cryptocurrencies, but no one really needs them. Everyone only needs bitcoin.

You cannot compare Bitcoin with any altcoin, not only because Bitcoin is the first crypto currency or because it is decentralized, but because over the years it has gained great trust from ordinary people, but also from big investors. Everything that is centralized, or has a much higher max supply (or none at all), and if it is also premined, it is nothing different from fiat currency.

Bitcoin is simply unique and people want to own it for one reason or another, and everything else is simply an ordinary fabrication from which individuals get rich on the naive masses. It is fascinating how easily people become pessimistic and ask the same questions every time an obstacle appears - we have read the same stories so many times...

Thinking more simply about the development of crypto through bitcoin as an opening, after the development process, recognition and trust in it are increasingly growing. Agree with the technology problem. It has its own limitations, but it is not a big problem that it needs to solve because users will need to accept it, not that it adapts to the user's attitude. And if compared to other cryptocurrencies , I think it's just like the reviewers are preferring personal imposition rather than what is actually happening. To be more straightforward than the truth, there is no need to prove it. Those who understand will continue to take advantage of the opportunity, and those who are skeptical will continue to stay outside of judgment. That is a balance in all tools in life. This life because it will never receive absolute acceptance.

I don't think that is it, BTC blocks are found ~ 10 minutes on average, and a block contains thousands of transactions, so i think that is how Satoshi designed it to be, there is also the BTC mining difficulty adjustment which keeps the time between blocks at 10 minutes on average. I believe Satoshi designed it that way to ensure there is enough propagation time between blocks and to ensure that computational power is not wasted in trying to mine a block that has already been mined.

Bitcoin is the first cryptocurrency, its way of operation differs from every other cryptocurrency. Once its decentralized nature cannot be beaten by any other cryptocurrency, I don’t see any coin that will pass bitcoin as number one. This is more than a decade that bitcoin was first launched and we have not seen a new technology in digital currency that is close to perfection and not decentralized like bitcoin.

Because to be the top 1 cryptocurrency doesn't have to be fast and cheap, but Bitcoin has two things that the other projects don't have, that are: decentralized and security!

In terms of privacy, Monero is better than Bitcoin.
In terms of fast and cheap, any centralized shitcoins with low volume can do that.

Anyone can fork Bitcoin and make the new cryptocurrency that claim to be decentralized and secure, but so far after 14 years there's no coin can overtake Bitcoin.

I am sure that there are now coins which can boost to be so much better than Bitcoin in many factors and areas but as far as I know BTC is still the number one and the one patronized by many and it is because many of us are looking at its growth potential and legitimacy among the many players in the expanding cryptocurrency market. With Bitcoin, there is no more need to ask if this whole thing can last a lifetime as BTC is already beyond that phase. And with the coming of an approved ETF in 2024, that strong reputation is going to be cemented for good.

No doubt, Bitcoin's like the OG in crypto townas it is earning street cred for being the first and having a solid community backing it up. Trust is the name of the game and the early bitcoiners believe in it so are the newcomers. Plus, with its limited stash and decentralized vibe, it's got that sense of scarcity tht makes everyone so eager to atleast have a bitcoin. Ofcourse it's got some hurdles, but it's status like a digital is keeping its spot dominance. Bitcoin still has a long way to go and a lot to offer.

Bitcoin could have all these fantastic properties that you mention, but if it is too expensive for the average person to utilize then all of these fantastic properties are pointless and meaningless to anyone who isn't a whale or millionaire.

Bitcoiners who dismiss or downplay the transactions fees are rich elitists living in their own bubble who have little to no idea how bad these fees are for the average person.



It is pointless to make bitcoin legal tender in a country like El Salvador when paying even a couple of dollars transaction fee is a small fortune for an average person living in El Salvador.
Almost no one in a country like El Salvador can actually afford to use bitcoin.

Even in the first world, paying ten to twenty dollars fee just to buy $100 of bitcoin is ridiculous. It makes it impossible for anyone to dollar cost average, which is the point of DCAing and putting in small amounts over a period of time.

Because it's the most secure crypto in the world and it's the pioneer crypto that has started all of this, and regarding the speed of bitcoin, it's probably because Satoshi didn't expect it to be this big and have a lot of people to be using it for their transactions and it's not really expensive because you can buy in sats and you can slowly accumulate towards getting 1 bitcoin and even if you weren't able to get to that point, you would still be able to make a lot of money if you have a decent amount of satoshis accumulated overtime and you were able to hold on to that amount when bitcoin hits another ATH.

You need to make a more general assessment to know which coin is best, don't just rely on cheap transaction fees and transaction speed to judge which coin is good or not. To create a coin with cheap transaction fees and instant transaction speed is not too difficult and almost all new altcoins also have this feature. But to create a highly secure and decentralized coin, almost no other coin can do that except bitcoin. So you shouldn't be surprised that bitcoin is slow and has high transaction fees but is still people's top choice.

Bitcoin is number 1 because without Bitcoin those other tokens are nothing or probably don't exist since they only base it on bitcoin, also when the price of Bitcoin drops, others follow.
Yes, it is slow and expensive but we also know that there is a development going on to fix that issue using Lightning network correct me if im wrong on this,
it will offer fast transaction and low fee's, I think el salvador will be the first ATM that will be using it in the coming years, and hopefully all over the world.

The reason for XRP it is simply because they are too centralized in my opinion and Correct me If I am wrong, but they don't offer incentives for their miner/validator. XRP hold by the big companies I mean like real company behinds it so people may not trust fully.

Bitcoin's the original gangster of cryptocurrencies, you know? It paved the way as the first one out there, so it's got seniority in the crypto game.  People recognize Bitcoin's name and trust it more compared to some random new coin trying to make a name for itself.  Bitcoin also has a giant community rallied around it, not to mention investments from big institutional players.  That stuff lends Bitcoin legitimacy.  Im not saying it's the fastest or has the lowest fees - it doesn't.  but the trust and support behind Bitcoin make it hands down the most valuable cryptocurrency today.

Bitcoin is probably the only coin among several thousands of cryptocurrencies that is truly decentralized. The rest are only claiming decentralization. Your example Ripple, just like other altcoins, have central figures with them. It has a CEO, a headquarter, etc. That's the reason a case was filed against them. It's not decentralized at all. With Bitcoin, Satoshi is just a name, it doesn't have a president or a CEO, an office, etc. Bitcoin is probably the only cryptocurrency that can't be shut down.

Some people still think that privacy and decentralization are more valuable than transaction speed, which differs by just a few minutes or a few dollars. While using XRP might be a bit more convenient overall, there are other, more insecure threats that users face. Up until now, I believe the pure coin with enough fairness is still BTC. Its network is strong, and network manipulation is challenging.

Comparing BTC to other cryptocurrencies is like comparing a Dad to a little kid. The Dad seems like a legacy, but he has better experience and perfection compared to the new kid who may look fresh but poses risks to users in various aspects.

I still agree, BTC remains the #1 cryptocurrency.

Bitcoin is a completely decentralized currency and its control power is not in the hands of a single person, institution or organization as it is with other centralized coins. Since it is a decentralized currency, investing in it has no risk like centralized coins, but the full control of it is in the hands of the investor. Since Bitcoin is a decentralized currency, there are no SEC cases against it like there are other centralized coins. Moreover, it is equally accepted in any country of the world and its universality prevails in different countries of the world as other centralized coins do not. Bitcoin can reduce inflation, Bitcoin transactions are so secure that the identity of the transaction is not possible to identify, Bitcoin is a decentralized currency with no government, bank control over it, so no single person, entity, organization has control over its price. Since the supply of Bitcoin is finite, its supply will never change, just as the supply of paper money can be constantly increased. Bitcoin is the world's number one digital currency due to its multiple advantages.

Bitcoin was the first big cryptocurrency and that gives it an advantage.  There is only a limited amount that will ever exist, which makes it scarce too.  It is also decentralized, meaning no government or bank controls it and  as more places accept bitcoin, like companies and stuff it gets more popular.  The value goes up when more people want it.   

Even with those problems, bitcoin is still the biggest cryptocurrency.  Itll probably keep that top spot for a while since it had such a big head start and people trust it more than other cryptocoins.

it's not about fast and cheap transactions, it's about immutable, permissionless, peer to peer transactions. without these properties all we have here is a terribly inefficient shared database hyped up with buzz words like "blockchain" ( XRP )

I know it's hard to compare a slice of pizza to a whole pizza.
This slice of pizza is Ripple and the whole pizza is Bitcoin, why?  Ripple has been combating the legal issue and this legal battle has created obstacles and hindered Ripple's growth.  It's hard to keep and adopt centralized cryptocurrency.

While Bitcoin is purely decentralized, no one can stop it.
Though the problem is the high fees and I think the Lightning Network was a great solution, but the problem is its adoption is not widespread.
However, it doesn't matter now which is why it gained mainstream attention and is often considered a store of value when it has a slow and expensive transaction fee.

As we saw, there are thousands of altcoins trying to alternate the Bitcoin network problem, but only Bitcoin truly gives security and has a decentralized nature.

BTC tx's are expensive right now as the fee rate is high, BTC tx's are also not instant, but they are secure. There are other networks that process tx's faster, but these tx's remain reversible for a very long time. But in the BTC network, one confirmation is as good as irreversible, and since blocks are found ~ 10 minutes on average, 10 minutes may be enough to get you that confirmation. Not instant, but it is secure.

BTC is what it is because of its use cases, and you cannot begin to compare it with shitcoins. If you don't see a reason why you should use BTC, you can use the coins you feel are better, that's why it is a free market.

Bitcoin is decentralized, unlike ripple that is completely centralized. But the reason ripple did not got to all-time-high might be because of the SEC lawsuit which has later been won. But if it is not centralized, there would not be such lawsuit.

Bitcoin has more utility. It is well known than ripple. Bitcoin is an asset that can be used for investment and that is the reason bitcoin investors do not think more about the fee. The fee will also later become reduced than it is now.

While it's true that Bitcoin is slower and more expensive to use than some other cryptocurrencies, it has a number of advantages that make it the most popular choice for many people. First, Bitcoin is by far the most widely used and accepted cryptocurrency. It's supported by the largest network of merchants and exchanges, which makes it easier to use in everyday transactions. Second, Bitcoin has the most secure and robust blockchain technology, which makes it highly resistant to attack. Third, Bitcoin has the largest and most active development community, which is constantly working to improve the technology. And finally, Bitcoin has the first-mover advantage,......

most brand recognition and is the most widely known and understood cryptocurrency. While these factors might not be enough to make Bitcoin the best choice for every situation, they do make it the top choice for many people. The slow transaction times and high fees can be overcome with the use of "off-chain" solutions, such as the Lightning Network, which allows for much faster and cheaper transactions. And the developers are working hard to improve Bitcoin's scalability so that it can process more transactions per second. So, while there are some valid criticisms of Bitcoin, it's important to consider the full picture before making a judgment......

Yes, it's the first coin ever created, but it's slow and expensive (unless you're using the lightning network which most people and businesses don't).

How come Ripple which is the cheapest and one of the fastest ones - failed investors since 2018 and never reached back to the all time high of $3ish and those who believed in Ripple got 0 yields and a slap in the face, and yet this slow & expensive currency is the holy grail everyone is talking about?