To pooya87

"That makes no sense.
For starters bitcoin is not a company and nobody is sitting on top setting its price to get people to buy it or not.Secondly if you buy something else, the price of that other thing would go up!"

To Gladitorcomeback

"How so? I don't understand what you mean, if people buy other cryptocurrencies instead of Bitcoin, that wouldn't make the price of Bitcoin rise up or grow because the whole concept revolves around the demand and supply mechanism"


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Proof of work discovery solved those issues, because there is not only supply and demand, there also is the network security

a- If people starts to buy other Bitcoin competitors, it would make the Bitcoin network less secure

b- Everybody wants the Bitcoin network to be the most secure, the buyers and the sellers

c- Then if the Bitcoin network becomes less secure, then all parties, buyers and sellers, are forced to accept a higher Bitcoin price to make the network more secure, and this price increase discourages/block people from investing in competitors