I was having a conversation with my friends about crypto currencies and they asked me a question about why Bitcoin price is very expensive and people are still investing in it but other altcoins are still low but people are having a double mind to invest in it.
I didn't talk much I told them that, that was how it was with Bitcoin when it started but deep down me I wanted to give them more reasons but I was short of words so I guess my people here still have something more to say so I would love to hear from you so I can tell them when this topic arise again.
People have more confidence in bitcoin than any other altcoins out there, that's why the ownership of bitcoin keeps increasing everyday. Even when bitcoin dumps, it has the ability to get back to it's previous price and go far above it faster than any other altcoins out there. That's why people prefer it more than any other altcoins. Also it's decentralised nature is also one of the main reasons why it is the most preferred coin. Just look at what's happening in the market currently, bitcoin has crossed it's previous ATH months ago and has continued setting new ones, yet many of the altcoins are still struggling to get to half of their previous ATH. So there are many reasons to give your colleagues who are asking you why bitcoin is the most preferred when next they ask you such question. You don't even need to think about it or consult anyone before knowing what to say as regarding why bitcoin is the most preferred coin out there.