Why is Bitcoin more worth than other cryptocurrencies that have better specs? - page 7.

joniboini

legendary

Activity: 2170

Merit: 1789

Quote from: vominhtri1611 on August 09, 2018, 01:10:38 PM

One of the main reasons why Bitcoin has more worth than any other cryptocurrencies is because it has the proven track record to secure hundreds of billions of dollars ($269 billion as of Dec. Cool

without getting it lost to theft or accident.
-snip-

While the Bitcoin network isn't hacked yet, but a cracker can steal it by hacking an exchange, which has happened many times since MT.Gox incident. I don't really see any direct correlation between the highest market cap on the market with the price of BTC.

Quote from: khelan on August 09, 2018, 01:26:22 PM

Beacuase it's an older coin widely accepted by many people over the world. But it may be changes as people start using other coins.Like Monero on dark web. Where BTC volume reduce and Monero volume increased.

Define "many"? I don't think even 1% of people in this world (that is, around 60 million) use Bitcoin. Even the number of users of Bitcointalk is only around ~2 million. Bitcoin is not yet adopted by many. On the other hand, looks like blockchain will have a bright future because mass-adoption is currently on-going.

kalstarzz

full member

Activity: 770

Merit: 100

Yes, you are right.
I see people researching the history of the development of bitcoin and they conclude that bitcoin is good to defend from other Altcoins. besides that many assume that the emergence of all altcoins originated from the emergence of Bitcoin. so they believe bitcoin is more valuable than other cryptocurrency.

audaciousbeing

hero member

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Merit: 569

Discussions like this really to me, are not what is needed in the crypto space now because its about whipping up unnecessary sentiments over a sleeping matter. Bitcoin has grown over the years to start competing with other alt coin projects that have relied on doing things better in other to boost the entire crypto space which I believe that putting sentiment aside, its all about the same objective which is making crypto mainstream and any promotion on either bitcoin or alt, the effect is felt on both. People have allegiances and are ready to defend those allegiances even when the fact are staring at them and that is why some discussions are better avoided. #my opinion...

khelan

newbie

Activity: 238

Merit: 0

Beacuase it's an older coin widely accepted by many people over the world. But it may be changes as people start using other coins.Like Monero on dark web. Where BTC volume reduce and Monero volume increased.

vominhtri1611

jr. member

Activity: 266

Merit: 4

One of the main reasons why Bitcoin has more worth than any other cryptocurrencies is because it has the proven track record to secure hundreds of billions of dollars ($269 billion as of Dec.8 ) without getting it lost to theft or accident.

If a person manages to successfully hack Bitcoin, he or she will easily top the Forbes’ Billionaires List at #1. And believe me, people have definitely tried to get this money that Bitcoin holds right now.

No other cryptocurrency has been held to the same amount of scrutiny and stress-test as Bitcoin. Let’s really test the limit of this technology.

Good or bad, I’m extremely excited what we will see in the future.

I hope you are too.

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