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?
It's simple, they are a bunch of simpletons that follow hype, nothing more.
Logic and reasoning are not a part of their skill set.
╥Aztek
I disagree! Not everyone follows what's in, as you can see bitcoin is at it's success maybe that's the reason why. Why people would put their money to something that is not profitable? There are bounties that offers other cryptocurrency in this forum and it will take time before they could change it in their countries currency because the value of those are continuously falling.