Topic: Why is BITCOIN more expensive than other cryptocurrency? (Read 3848 times)
Bitcoin’s value is bigger then other cryptocurrencies because is not as easy to mine as other crypto currencies.
Because bitcoin was the first ,and it became a its own brand ,that makes it value to be bigger the the rest of the cryptocurency.Bitcoin is not only a currency/investment it also became a brand!
Because the founder isn't spending his coins.
I think the fact that bitcoin was the first in the market does not explain why it is more expensive than other cryptocurrency
Yes, it does.http://themisescircle.org/blog/2013/08/22/the-problem-with-altcoins/
If you're going to reject the arguments because they don't result in a conclusion you like, that doesn't make them less valid.
I think the fact that bitcoin was the first in the market does not explain why it is more expensive than other cryptocurrency
But nowadays you´re right that the hopes of increasing an investment by buying altcoins by 100 times are really delusional.
Altocoins believers want to achieve Bitcoin-like returns without producing Bitcoin-like innovations.The only reason early Bitcoin miners got incredibly wealthy is because they were doing something that had never been done in the history of the species.
The thing is that cryptocurrencies in general are very new and still in their infancy.
The way i look at it is that bitcoin was the first cryptocurrency, but that doesnt mean more technologically advanced coins wont come out, and indeed they are.
Bitcoin is quite inferior in lots of ways, especially speedwise.
In saying that, bitcoin still serves its purpose as a reserve currency, but dont expect it to be used in retail shops soon, no one can wait 10 mins to confirm a transaction.
It's more expensive because its in demmand and people are using and spending it.
majority of bitcoin owners are currently holding their bitcoins instead of spending them.
(just look at the amounts the biggest bitcoin address contain -> probably all in cold storage = the BTC won´t be spend in the near future)
It's more expensive because its in demmand and people are using and spending it.
The anser is one:
Because BTC is the queen! It is better in every way then the others.
BR
Because BTC is the queen! It is better in every way then the others.
BR
But nowadays you´re right that the hopes of increasing an investment by buying altcoins by 100 times are really delusional.
Altocoins believers want to achieve Bitcoin-like returns without producing Bitcoin-like innovations.The only reason early Bitcoin miners got incredibly wealthy is because they were doing something that had never been done in the history of the species.
because people pay more for it?
People are ready to pay more, as they don't want to lose their money in some pump-and-dump shit-coin. Greedy people who invest in shit-coins, hoping to multiply their money by 100 times overnight will lose everything.
in the late 2013 rally altcoins made a few people quite rich
But nowadays you´re right that the hopes of increasing an investment by buying altcoins by 100 times are really delusional.
because people pay more for it?
People are ready to pay more, as they don't want to lose their money in some pump-and-dump shit-coin. Greedy people who invest in shit-coins, hoping to multiply their money by 100 times overnight will lose everything.
because people pay more for it?
lol, well I guess it always comes down to supply and demmand
.
because people pay more for it?
I think it's pretty obvious why it's the most expensive. It's bigger in every way.
It's not bigger in terms of amount of coins compared to some. Bitcoin just has the brand though and that's a big plus.
I think it's pretty obvious why it's the most expensive. It's bigger in every way.
Bitcoin price initially was very low (like alts atm) in comparison to where it is today. Maybe some (a few) alts will also become a rocket like bitcoin. Also, if you look at the nature of things, it is always diverse, so I think diversity in crypto's not bad, but unity in diversity is advisable.
Far too many people think that altcoins are going to go up over the next 4 years. The issue here is that they are tied to Bitcoin. For the collective value of altcoins to go up by 50%, BTC has to go up by 50%. This is because there can't be more value in alts than there are in BTC, or we'd end up with another partial reserve system.
Darkcoin hasnt followed that path however, demand for a coin is the #1 reason for price increase, if no one is after a partucluar coin, it has no value.
legendary
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Core dev leaves me neg feedback #abuse #political
Most Bitcoin newbie ask this question:
Why is BITCOIN more expensive than other cryptocurrency?
Bitcoin was the first in the market, that's why you are starting to see a lot of fortune 500 companies starting to support Bitcoin.
Sure, once in a while, they'll throw money around on the table to support other cryptocurrency coins.
Why is BITCOIN more expensive than other cryptocurrency?
Bitcoin was the first in the market, that's why you are starting to see a lot of fortune 500 companies starting to support Bitcoin.
Sure, once in a while, they'll throw money around on the table to support other cryptocurrency coins.
1) Your username is an advertisement to your website.
2) You create tons, and tons, and tons of new threads with silly questions or news articles everyone has already read, most likely so people see your business.
3) You try to draw further attention to your threads by selecting a unique icon like a "thumbsup" so it stands out from the other threads.
3) Naturally you also have a signature advertising your business.
You are here to get business.
-B-
So what?
Simply because it's used by more than more than ten thousands merchhant if not hundreds thousands...
I guess maybe millions of humans overall..
Quite simple eh !!!
I guess maybe millions of humans overall..
Quite simple eh !!!
First mover advantage has a lot to do with it. Imagine if when the Cyprus crisis happened we had all the altcoins that we have today - no way Bitcoin would have shot up so much as quickly as it did.
But now it has by far the most money backing it in way of businesses, investors, developers, etc. so that's the reason it is still #1 !!
But now it has by far the most money backing it in way of businesses, investors, developers, etc. so that's the reason it is still #1 !!
No. Bitcoin is still #1 because none of the others are bringing anything truly new to the table (at least in terms of what matters). Anonymity? ASIC-proof? Lower energy usage? None of these are relevant in the overall picture. They are just to entice miners into joining.
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