Post
Topic
Board Economics
Re: Very strange most people like to buy with bitcoin , but using altcoins very few
by
maxdin
on 18/06/2020, 09:13:25 UTC
Very strange thing i noticed: most people like to buy with bitcoin , but using altcoins very few
No mate, there's nothing strange about it Smiley. Here are the reasons I think of:
1. Many use it over the alts simply because it is the most popular crypto. Most new users knew it first before any alts available.
2. In the eyes of investors/buyers & sellers this is the best option they think of. They are comfortable to use the Rank 1 rather than Rank N coin.
3. Not all of people know that Ethereum got a lower fees, Monero offers more security etc. That's why they use btc.
Imo you're the closest one to the truth in this thread.
Logically people should value usability the most, but they apparently value popularity the most, because this way they feel safer - if millions of people use bitcoin over altcoins, why shouldn't they and its totally natural way of thinking