Post
Topic
Board Beginners & Help
Re: Why is it that is bitcoin is first in thought in mind in cryptocurrency
by
un_rank
on 31/03/2023, 13:48:35 UTC
I want to know why is only Bitcoin in the limelight.
Bitcoin as the pioneer coin led the innovation of cryptocurrencies we see today. It is truly decentralized, that which cannot be said about most other coins. It is so decentralized that it does not have a CEO as you pointed out, only a founder, satoshi.
Its security which it gets from PoW is higher than that of other currencies, making it the most reliable. It has a limited supply while many other coins have infinite supply and the creators can just create more for themselves.

I have someone that wants to invest in crypto but wants to invest in other coins he wants to know if other are same values as bitcoin and if other coins can be easily be exchanged or sell  or for purchases.
They do not have the same values as Bitcoin, but some of them have enough liquidity to allow easy exchange.
Let them do their research themselves and decide what to buy, but do not invest in altcoins as a sort of protest against bitcoin.

- Jay -