I have been wondering for a long time why Bitcoin is still rising in value. Ethereum has a better blockchain, but can't follow the pace of Bitcoin.
well, that is just your opinion.
in fact ethereum has so many different issues that are even worse than bitcoin's simple issues. i think you are speaking more emotionally than based on facts.
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If you want to trade altcoins on exchanges you almost always trade against Bitcoin instead of USD (or USD Teather). So you NEED to have Bitcoin. I know that more exchanges allow trading against Ethereum and others, but still the most popular marked is BTC/XXX (where xxx is any given coin).
it is not by force, it is by choice.people see bitcoin as their main investment and the only long term investment that they believe in. so if someone has 1BTC he wants to do something to increase that 1BTC the best way they can. what better to trade and make profit on it. that is why people choose to trade altcoins versus bitcoin when so many markets are availbable such as alt versus: LTC, DOGE, FTC, ETH, USD, USDT,...
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For me it is clear that this has to change to stop the rise in Bitcoin. I think most of us is tired of the long confirmation time in the Bitcoin block chain that can take up to an hour or more. It's embarrassing for any crypto to have such a long validation time.
the timing on this could not be any more perfect
Why is ethereum so slow?
Ethereum transaction pending for an hour
Eth transactions conjested
will my transaction be pending forever
[ETH] transaction pending forever
and lots and lots more stuck transactions and gas price through the roof just because someone is using Ethereum blockchain the way it is supposed to be used...