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[Reznov]

what makes it worth than the other coins?

 

[Balint098]

Because it's the first of its kind, thus making more people use it since bitcoin has been around longer than other altcoins. More people are more aware of bitcoin than other altcoins too.

 

[SCAMEXPOSER]

The age of the coin, the popularity, the market capitalization and the trend of it price so far are part of the factors that makes it have higher value than other coins.

 

[KarthikP]

Bitcoin is the first cryptocurrency to be invented. So when people talk about crypto , they first remember about Bitcoin only , so bitcoin I vestirs are high which makes it high in value than the altcoins

 

[Reznov]

Because it's the first of its kind, thus making more people use it since bitcoin has been around longer than other altcoins. More people are more aware of bitcoin than other altcoins too.

Oh, i never thought it's a matter of age, if for example another coin appeared before BTC, do you think it would have the same top value as well ?

 

[Balint098]

Maybe yes. Litecoin, which was created in 2011 is the second ever crypto to be created. There's 2 years gap here, at first people are slow to adapt to the new tech. Not to mention, Bitcoin's 2017's monumental spike also help boosted its popularity.

 

[Reznov]

Maybe yes. Litecoin, which was created in 2011 is the second ever crypto to be created. There's 2 years gap here, at first people are slow to adapt to the new tech. Not to mention, Bitcoin's 2017's monumental spike also help boosted its popularity.

does that mean that every coin that will appear won't be able to compete ? because bitcoin is atleast 11 years old now, and that age gap will surely give no chance for the others

 

[Balint098]

does that mean that every coin that will appear won't be able to compete ? because bitcoin is atleast 11 years old now, and that age gap will surely give no chance for the others

Well, Bitcoin still has its own flaws like slow transaction speed among other things, so there should still be some space for newer altcoins to fill in those flaws and get better. Still, like history always demonstrated, the oldest player in a field usually is also the dominant force in said field, just like how Paypal is still the king of payment processor (also the oldest) even though there are many better payment processors out there. People are usually lazy to get out of their comfort zone, and stick to things they know about, thus lessening the chance of trying out new things.

 

[Reznov]

Well, Bitcoin still has its own flaws like slow transaction speed among other things, so there should still be some space for newer altcoins to fill in those flaws and get better. Still, like history always demonstrated, the oldest player in a field usually is also the dominant force in said field, just like how Paypal is still the king of payment processor (also the oldest) even though there are many better payment processors out there. People are usually lazy to get out of their comfort zone, and stick to things they know about, thus lessening the chance of trying out new things.

the less popularity is also a reason, in this case for example, i saw many videos promoting Paypal on youtube, but never saw Payeer or Skrill or anything like that

 

[Balint098]

the less popularity is also a reason, in this case for example, i saw many videos promoting Paypal on youtube, but never saw Payeer or Skrill or anything like that

As for Payeer, maybe a lot of social media and ads network rejected their ads since many HYIPs, casino, sports betting and all sort of shady online businesses use it.

 

[Wisdom01]

Its because of its popularity and its number of useage thats what make it better than other coin , but I know that very soon other coin will start getting more userbase and popularity

 

[Vladv26]

It's simple. Bitcoin was the first cryptocurrency created and it's the coin that started this whole industry. It's kind of logical for it to be the most worthy coin on the market

 

[Josemendez]

I think apart from the fact that it was the first cryptocurrency to be in use , it has also shown to be a coin worth investing following the high rise in it's price as compared to the price when it started .

 

[Wisdom01]

It's simple. Bitcoin was the first cryptocurrency created and it's the coin that started this whole industry. It's kind of logical for it to be the most worthy coin on the market

Yeah it has been in existence years back and people get to know more about it ,both the tech and everything has increase , I hope more crypto are been made popular

 

[Vladv26]

Yeah it has been in existence years back and people get to know more about it ,both the tech and everything has increase , I hope more crypto are been made popular

Crypto will get more popular every year because it's the future of payments. Maybe not bitcoin necessarily but I'm sure big companies will open their own cryptocurrency also

 

[Wisdom01]

Crypto will get more popular every year because it's the future of payments. Maybe not bitcoin necessarily but I'm sure big companies will open their own cryptocurrency also

Big companies like Facebook created their own Libra coin ,so crypto currency in all aspects is making progress as well so we expect more in years to come

 

[Reznov]

Crypto will get more popular every year because it's the future of payments. Maybe not bitcoin necessarily but I'm sure big companies will open their own cryptocurrency also

it's getting popular day by day and supported by a lot of countries around the world, especially Australia, US, and a lot of asian and african countries as well

 

[Josemendez]

Its rareness , with every halving it wikl become rarer and more people will demand it so price will raise time to time.

It is 11 weeks after halving and we have started feeling the effect of the halving . by next year bitcoin will permanently stay above 10k value or at least on 10k value

 

[Vladv26]

it's getting popular day by day and supported by a lot of countries around the world, especially Australia, US, and a lot of asian and african countries as well

I'm sure bitcoin will be supported by all countries very soon. Because its so popular and so big that even governments cannot ignore it anymore, they have to accept it

 

[SCAMEXPOSER]

There are factors that has really made it very promising for Crypto currencies to be accepted soonest like the adoption by UNICEF, the Iran licencing of miners , the recent law passed by the Russian government etc.