Why is Bitcoin worth so much more than other crypto

tygeade

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Quote from: Cookdata on January 15, 2025, 01:41:48 PM

What technology standpoint are you talking about? The meme coins? The jpeg files and documents? Lmao. There is no any technological advancements that has superpass Bitcoin in any form, if it was for speed, there are many things that are been broken about altcoins for achieving the speed, it's something Bitcoin can achieved too but there many things that are going to be compromised and security details will be as well that's why the protocol remain the way it's.

Bitcoin is expensive because a lot of people trust it as it's the first legacy coin about cryptocurrency that is successful, it doesn't have teams that will dilute to the market and make irrational decisions by selling, it doesn't have foundation or any thing that makes it decentralized which is why it remain the best asset for anyone. Have you ask why Bitcoin is always the reference for cultural reserve in the US? The truth don't hide, Bitcoin only.

The one I can only imagine is stuff like SOL and Tron or whatever, where you could have much more transaction, still secure, but much faster and cheaper. Bitcoin definitely needs that, we have bitcoin that is used the most, but it's also very slow and very expensive, it even prevents adoption as well, because you can't just go out to some cafe and spend bitcoin, it would take minutes, and depending on fee you use, maybe even an hour, so it's very slow, and you would have to pay tens of dollars for it, no need for that.

If we could have better innovation for bitcoin, where we have it under a minute, and also spend less than a dollar, that would be lovely and I would say others already solved that problem so bitcoin take a look at it and make a change maybe.

DediRock

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Bitcoin leads due to its trust, security, and first-mover advantage. Other cryptos struggle to match its adoption and scarcity. As a bitcoiner, I see Bitcoin as the true leader.

Cookdata

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Quote from: rosefan on January 15, 2025, 12:19:18 PM

From a technological standpoint, many quality crypto projects are already ahead of Bitcoin. However, during bull cycles, Bitcoin typically reaches its all-time high (ATH) first. Then, Bitcoin's dominance decreases, and altcoins start hitting their ATHs. The altcoin rally is just beginning, so I find this situation quite normal.

What technology standpoint are you talking about? The meme coins? The jpeg files and documents? Lmao. There is no any technological advancements that has superpass Bitcoin in any form, if it was for speed, there are many things that are been broken about altcoins for achieving the speed, it's something Bitcoin can achieved too but there many things that are going to be compromised and security details will be as well that's why the protocol remain the way it's.

Bitcoin is expensive because a lot of people trust it as it's the first legacy coin about cryptocurrency that is successful, it doesn't have teams that will dilute to the market and make irrational decisions by selling, it doesn't have foundation or any thing that makes it decentralized which is why it remain the best asset for anyone. Have you ask why Bitcoin is always the reference for cultural reserve in the US? The truth don't hide, Bitcoin only.

rosefan

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From a technological standpoint, many quality crypto projects are already ahead of Bitcoin. However, during bull cycles, Bitcoin typically reaches its all-time high (ATH) first. Then, Bitcoin's dominance decreases, and altcoins start hitting their ATHs. The altcoin rally is just beginning, so I find this situation quite normal.

philipma1957

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Quote from: ? on December 21, 2024, 04:48:40 AM

why is it so difficult for other cryptos to have the same potentials as bitcoin , are they missing something?

Well all pos coins unless directly linked to mining are Pieces os shit 💩.

Thus 90% of coins are pointless garbage.

Solana is a rare pos coin as it is directly linked to the helium hotspots mining. most other pos serve no purpose other than to enrich the developers.

There are only a dozen or two dozen coins with some value.

After them the rest are repetitious garbage.

In no order at all.

xec
bch
btc

doge
ltc
pepe
lky

grin
raven
xelis

iot

kas

moreno

the above have some value.

I would argue only a few more are worth while.

Baki202

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Quote from: arwin100 on December 31, 2024, 06:56:24 PM

I also guess the level of trust is so high since for many years Bitcoin remain reliable asset that's why many people prefer to have this rather than any altcoins in the market. Many people also see some good opportunities on other coins since they believe that if they are new in the market the chance of getting a good pump is high and that's profitable for them. Also I really don't like the idea about spreading our investment to various coin since market is so unpredictable and there are so many scams on the market that's why I'd better choose few reliable options rather than picking lots of risky alts out there.

People have trusted bitcoin to level that if not for anything they will not want to even comsider investing in any other coin except bitcoin, and there people that the only coin they know about is not other than bitcoin and no matter how things must have changed they won't seems to care they will choose bitcoin any day any time, and the trust people have in altcoin have blinded them that they don't want to see any other coin if not some new coins coming to market might actually give a good profit, this are all part of the reasons why there are people that also prefer to buy altcoin than bitcoin, and if you spend your money in different aspects of coins, then there is more options to consider, because there are of coins that there is no prospect in them so the coin you select will determine what you will get. And it is better to make use of platforms thay will help select coins that will give you profit.

shinratensei_

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Quote from: batang_bitcoin on December 30, 2024, 06:48:12 PM

They have their respective functions and markets. That's why many investors are stopping getting into Bitcoin because they think that those altcoins that they have chosen are way worth more than of Bitcoin. They're looking at the numbers and expensiveness of Bitcoin. So, instead of spending that $90k for a Bitcoin, they are spreading it into various cryptos that they think will grow tremendously than Bitcoin. But if someone out there is still thinking and having hard time to decide, I tell you one thing; you'll never go wrong in choosing Bitcoin.

the truth is, as of late, most of alts has been underperforming, back then market favour low market cap alts because it's easy to grow, this market is different, high trading volume and high market cap coin are the one making a big bullrun, BTC is doing 400% gain while alts are having around 10-20% gain compared to few months ago for most of alts with mediocre market cap and probably around 1.8 - 2x gain for the one that's in line with current narrative.

the only thing that makes me think BTC can be valued so much more compared to alts is simply because unlike alt where there is so many premined or pre minted coin for investors and teams and the community usually only holds 10% at the beginning, BTC is fair game for all.

tottong

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Quote from: batang_bitcoin on December 31, 2024, 11:52:55 AM

They only see it because they think that they'll get larger profits with those coins. That's true and that's the reason why they think that it should be better than Bitcoin. Other than that, they just don't like Bitcoin because of its high price, they think that it's too late for them to have Bitcoin at these price ranges because it's not worth it for them. But if they will analyze it, Bitcoin is going to move forward as this is the blue chip of this market and everyone needs to take that.

The reason is classic and common because humans are never limited to thinking about making more profit but they do not adjust the capital they use.
In certain cases it may be true that some people succeed in doing it but there is almost no larger percentage that succeeds in implementing the concept.
Bitcoin is clear in terms of returns and it really depends on the capital we apply and on the other hand bitcoin can provide much more certainty as long as people understand the process of its journey.

The price should actually be a strong belief because usually the price of an item will increase as long as there is demand and supply.
This is a certainty in carrying out investments and perhaps we can see this demand from how far Bitcoin has traveled since it was first introduced until it has developed so far.

arwin100

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Quote from: tottong on December 31, 2024, 01:36:04 AM

Quote from: batang_bitcoin on December 30, 2024, 06:48:12 PM

They have their respective functions and markets. That's why many investors are stopping getting into Bitcoin because they think that those altcoins that they have chosen are way worth more than of Bitcoin. They're looking at the numbers and expensiveness of Bitcoin. So, instead of spending that $90k for a Bitcoin, they are spreading it into various cryptos that they think will grow tremendously than Bitcoin. But if someone out there is still thinking and having hard time to decide, I tell you one thing; you'll never go wrong in choosing Bitcoin.

I don't think because other coins are more valuable and I'm sure that almost most people know the fundamental coins and have a higher value in Bitcoin.
But why do people see opportunities in other coins because they think they can generate large profits with relatively smaller capital and when the coin gets pumping will give them big profits.
Spreading to various coins does have a risk, but if they are able to see opportunities in certain coins, they can provide benefits. If you want to look safer in investment, choosing Bitcoin is a much better choice and does not provide a large risk if invested correctly.

I also guess the level of trust is so high since for many years Bitcoin remain reliable asset that's why many people prefer to have this rather than any altcoins in the market. Many people also see some good opportunities on other coins since they believe that if they are new in the market the chance of getting a good pump is high and that's profitable for them. Also I really don't like the idea about spreading our investment to various coin since market is so unpredictable and there are so many scams on the market that's why I'd better choose few reliable options rather than picking lots of risky alts out there.

batang_bitcoin

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Quote from: tottong on December 31, 2024, 01:36:04 AM

Quote from: batang_bitcoin on December 30, 2024, 06:48:12 PM

They have their respective functions and markets. That's why many investors are stopping getting into Bitcoin because they think that those altcoins that they have chosen are way worth more than of Bitcoin. They're looking at the numbers and expensiveness of Bitcoin. So, instead of spending that $90k for a Bitcoin, they are spreading it into various cryptos that they think will grow tremendously than Bitcoin. But if someone out there is still thinking and having hard time to decide, I tell you one thing; you'll never go wrong in choosing Bitcoin.

I don't think because other coins are more valuable and I'm sure that almost most people know the fundamental coins and have a higher value in Bitcoin.
But why do people see opportunities in other coins because they think they can generate large profits with relatively smaller capital and when the coin gets pumping will give them big profits.
Spreading to various coins does have a risk, but if they are able to see opportunities in certain coins, they can provide benefits. If you want to look safer in investment, choosing Bitcoin is a much better choice and does not provide a large risk if invested correctly.

They only see it because they think that they'll get larger profits with those coins. That's true and that's the reason why they think that it should be better than Bitcoin. Other than that, they just don't like Bitcoin because of its high price, they think that it's too late for them to have Bitcoin at these price ranges because it's not worth it for them. But if they will analyze it, Bitcoin is going to move forward as this is the blue chip of this market and everyone needs to take that.

fullhdpixel

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Quote from: Zoomic on December 30, 2024, 02:50:49 PM

Quote from: Rampagoe004 on December 29, 2024, 05:20:26 AM

Bitcoin was the first cryptocurrency to appear in Cryptocurrency then followed by other altcoins that were similar but not the same. There are several reasons why Bitcoin has quite high potential to date, Bitcoin was first created in 2006 by Satosi Nakomoto with strong fundamentals so that it can create many new altcoins are children of bitcoin therefore the prices of other altcoins do not have the potential to be the same as the king of coins which is Bitcoin.
I think other Altcouns have missed something important the origin of the cryptocurrency space as a whole is sticking to Bitcoin.

It is not all businesses, organisations or inventions that first came into existence that are able to remain and stay ahead of competitors for a very long time the way Bitcoin has done. Satoshi really did well by handing over Bitcoin to everyone of us and that is the major strength of Bitcoin.

The fact that Satoshi gave everyone the opportunity to participate in the development of Bitcoin and control if too is the main reason Bitcoin will continue to be ahead of altcoins. Lots of people mine, develop and control and secure Bitcoin, this means lots of people trust Bitcoin. No wonder whenever people talk about crypto, the thing that comes to the minds of every average man is Bitcoin. Many altcoins will never attain this level, even if they do, they can never defeat Bitcoin.

Sometimes there are some companies that happen as "not the first one" but become the biggest, like for example you think Amazon is the first market place in the world? Of course not, hell at the start it was just a bookstore and nothing more, an online bookstore, you didn't buy stuff there like a marketplace, you just bought books, and then it became this giant huge thing.

So not everything is the first thing in its existence, and we shouldn't really consider this as crucial or important, we need to realize this could be a solution that could be very final, when we need a better approach. Bitcoin is the most important one and that would be a lot better idea because there isn't anything better on the market right now, if there was something that was better than we would have definitely used that one.

tottong

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Quote from: batang_bitcoin on December 30, 2024, 06:48:12 PM

They have their respective functions and markets. That's why many investors are stopping getting into Bitcoin because they think that those altcoins that they have chosen are way worth more than of Bitcoin. They're looking at the numbers and expensiveness of Bitcoin. So, instead of spending that $90k for a Bitcoin, they are spreading it into various cryptos that they think will grow tremendously than Bitcoin. But if someone out there is still thinking and having hard time to decide, I tell you one thing; you'll never go wrong in choosing Bitcoin.

I don't think because other coins are more valuable and I'm sure that almost most people know the fundamental coins and have a higher value in Bitcoin.
But why do people see opportunities in other coins because they think they can generate large profits with relatively smaller capital and when the coin gets pumping will give them big profits.
Spreading to various coins does have a risk, but if they are able to see opportunities in certain coins, they can provide benefits. If you want to look safer in investment, choosing Bitcoin is a much better choice and does not provide a large risk if invested correctly.

batang_bitcoin

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They have their respective functions and markets. That's why many investors are stopping getting into Bitcoin because they think that those altcoins that they have chosen are way worth more than of Bitcoin. They're looking at the numbers and expensiveness of Bitcoin. So, instead of spending that $90k for a Bitcoin, they are spreading it into various cryptos that they think will grow tremendously than Bitcoin. But if someone out there is still thinking and having hard time to decide, I tell you one thing; you'll never go wrong in choosing Bitcoin.

Woodie

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It's worth so much because it's regarded as the mother of all cryptocurrencies, even though I read somewhere that Bitcoin wasn't the first crypto coin out there** that's a topic for another day**

But I also believe it's worth more because all cryptos use it as a scale to value other altcoins as a base currency..and the obvious reasons has to do with its fixed supply and halving that leaves it to rely on demand to push it's price.

Zoomic

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Quote from: Rampagoe004 on December 29, 2024, 05:20:26 AM

Quote from: ? on December 21, 2024, 04:48:40 AM

why is it so difficult for other cryptos to have the same potentials as bitcoin , are they missing something?

Bitcoin was the first cryptocurrency to appear in Cryptocurrency then followed by other altcoins that were similar but not the same. There are several reasons why Bitcoin has quite high potential to date, Bitcoin was first created in 2006 by Satosi Nakomoto with strong fundamentals so that it can create many new altcoins are children of bitcoin therefore the prices of other altcoins do not have the potential to be the same as the king of coins which is Bitcoin.
I think other Altcouns have missed something important the origin of the cryptocurrency space as a whole is sticking to Bitcoin.

It is not all businesses, organisations or inventions that first came into existence that are able to remain and stay ahead of competitors for a very long time the way Bitcoin has done. Satoshi really did well by handing over Bitcoin to everyone of us and that is the major strength of Bitcoin. The fact that Satoshi gave everyone the opportunity to participate in the development of Bitcoin and control if too is the main reason Bitcoin will continue to be ahead of altcoins. Lots of people mine, develop and control and secure Bitcoin, this means lots of people trust Bitcoin. No wonder whenever people talk about crypto, the thing that comes to the minds of every average man is Bitcoin. Many altcoins will never attain this level, even if they do, they can never defeat Bitcoin.

Smack That Ace

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Quote from: Rampagoe004 on December 29, 2024, 05:20:26 AM

Quote from: ? on December 21, 2024, 04:48:40 AM

why is it so difficult for other cryptos to have the same potentials as bitcoin , are they missing something?

Bitcoin was the first cryptocurrency to appear in Cryptocurrency then followed by other altcoins that were similar but not the same. There are several reasons why Bitcoin has quite high potential to date, Bitcoin was first created in 2006 by Satosi Nakomoto with strong fundamentals so that it can create many new altcoins are children of bitcoin therefore the prices of other altcoins do not have the potential to be the same as the king of coins which is Bitcoin.
I think other Altcouns have missed something important the origin of the cryptocurrency space as a whole is sticking to Bitcoin.

There is no denying that bitcoin is the first coin and the origin of the cryptocurrency industry, without bitcoin we would not have the cryptocurrency industry. But I think that is not enough for bitcoin to become king and maintain its throne. If bitcoin did not have a difference and superiority over the rest, bitcoin would have been defeated long ago.

Gold was not the first metal discovered and used by humans, but it is considered the most valuable metal and asset in the world because of its unique properties that no other metal can compare to. Similarly, I think it is the decentralized nature, scarcity and security of bitcoin that has helped it become the king and maintain its position. Bitcoin is the only coin that possesses these elements, while no altcoin has them.

?

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Quote from: ? on December 30, 2024, 09:11:23 AM

many factors that determined the choice of bitcoin as a currency that can be used to buy up the whole world.

A very interesting fact is that the code is open source. There is no logic that Bitcoin should cost more than altcoins, except for the explanation that a high Bitcoin rate is needed by those who have a lot of them. Any crypto can be made expensive if you pay a lot for it.

?

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Quote from: Rampagoe004 on December 29, 2024, 05:20:26 AM

Quote from: ? on December 21, 2024, 04:48:40 AM

why is it so difficult for other cryptos to have the same potentials as bitcoin , are they missing something?

Bitcoin is still the standard of all cryptocurrencies. And it's very profitable to leave it that way. Those who have a lot of Bitcoins have the whole world. To buy back power over the world with bitcoins. Previously, this function was performed by the dollar, but bitcoin is more convenient. There could have been another crypt in place of bitcoin, but there are probably many factors that determined the choice of bitcoin as a currency that can be used to buy up the whole world.

Rampagoe004

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Quote from: ? on December 21, 2024, 04:48:40 AM

why is it so difficult for other cryptos to have the same potentials as bitcoin , are they missing something?

Bitcoin was the first cryptocurrency to appear in Cryptocurrency then followed by other altcoins that were similar but not the same. There are several reasons why Bitcoin has quite high potential to date, Bitcoin was first created in 2006 by Satosi Nakomoto with strong fundamentals so that it can create many new altcoins are children of bitcoin therefore the prices of other altcoins do not have the potential to be the same as the king of coins which is Bitcoin.
I think other Altcouns have missed something important the origin of the cryptocurrency space as a whole is sticking to Bitcoin.

shinratensei_

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Quote from: retreat on December 28, 2024, 12:56:45 PM

Quote from: ? on December 21, 2024, 04:48:40 AM

why is it so difficult for other cryptos to have the same potentials as bitcoin , are they missing something?

This question has been asked many times in this forum and the answer is actually simple, it is because Bitcoin is the first popular cryptocurrency and the features it offers make people interested in investing in it. Also, it does not only offer features, but it also carries the spirit of Satoshi who wanted a financial revolution, which is different from what traditional banking offers. And this is what makes more people interested in using Bitcoin, because it is original, has value, and credibility. While other cryptos just follow what Bitcoin does, and most of them just end up as dreams or scams.

also everyone got equal opportunity to get in, unlike most of alts with VC seed rounds and all where they got infinitely cheaper price compared to the retailer or average joe like us.
this means fairer odd of making profit.

just see right now big institutional investors are hesitating big time to invest into some of the alts especially the ones where they got big vested allocation for the investors, advisors, and team.

it's always the coin with high decentralization that actually making it big this time around, even defi with decentralized distribution is also making it big.

Topic: Why is Bitcoin worth so much more than other crypto (Read 713 times)