Quote from: lionheart78 on November 26, 2019, 10:11:40 AM

Quote from: antikvark on November 25, 2019, 07:22:40 PM

But... in the crypto world, they are possible. People are paying thousands or even million times more for bitcoin than for some altcoins, even though these coins have the same features as bitcoin. Functions and features of cryptos are pretty straightforward. Elimination of expensive brokers, lawyers, and other typical middlemen. Low transaction costs. Transactions are transparent, quick, permanent, and hard to fake. Cryptos that are priced below $0.001 have all these functions and features. Why people in the crypto world pay millions time more for the same thing? Why they behave so irrationally?

I don't think that altcoin and Bitcoin are the same. They may be both cryptocurrencies but they have different blockchains. Bitcoin has more use cases than any other cryptocurrency thus, for its current valuation or price. Bitcoin is more secure than any other else that you wanted to point out. And it is far recognized by the government and the same thing why people pay for the brand of an item, the trust, and proven durability. And I do not think that it is irrational because of the stated reason above.

When it comes to security and trust, Bitcoin gain so much power compare to altcoins, and nowadays people trusted Bitcoin as they know that it has been existing for more than a decade but yet it still remains the number one, $7k is worth risking for those who has a lot of money, but if you are just normal person just like me, then better to save at least weekly for it for the future.