Hello,
Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.
Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.
Cheers
Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.
Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.
Cheers
Today BTC remains the leader and the real king among all modern cryptocurrencies. This is a reliable investment in the long run. After all, even after prices fall with time, BTC will certainly restore its position. Therefore, investors value BTC for profitable and reliable investments, which has a positive effect on the price of a coin.
However, lots people may end up being very surprised at the price of bitcoin not dropping any further and even end up increasing after fork. The truth is that these forks are going to be worst than some shitcoin, and the people will gladly dump them for mostly bitcoin knowing that would surge price the more before we now end up having another correction after then.
Those who invested more than a year ago and earlier will say that the price had changed a lot and for good because the profit if selling now is very high, but those who bought recently will say that the bitcoin price is very low (comparing to 20k)