It's no secret that BTC has a big problem with fees and transaction times and it's getting worse with rising valuation and number of users. That's the first issue. Bitcoin's closest market cap competitors don't have these issues....at least not yet.
The second issue is that other cryptos have given better returns year-on-year vs. Bitcoin...especially in the past week to a month. During that period BTC went up 100% but some of its closest competitors in market cap have returned 200-300%....or better.
To me, this is a no-brainer. Even some merchants and vendors have dumped Bitcoin in favor of other cryptos. Most know of the STEAM example.
So why are so many on this forum not switching? Most of you would be in a position to get in before the crypto ignorant (new investors) start piling in fresh cash.
I really do not understand the logic since I don't believe for a second that it is an issue of brand loyalty...especially how little it is discussed as an option.
Thoughts?
Because bitcoins are unique. Because it is decentralized and can not control any person in the world. So even if the price of bitcoins falls, people are confident that it will raise prices again. Unlike altcoins that control the price and can afford to manipulate them. So even though I choose the bitcoins because it's true and nothing goes wrong with bitcoins.