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.
Reasons why people prefer to investing in Bitcoin even with the expensive price, When you talk about true decentralization then Bitcoin comes into play. Bitcoin has fixed amout of supply of 21M and no one can ever more than that ,Bitcoin is a deflationary asset whereas othe altcoins are not. Bitcoin has been a hedge against inflation historically, it has been increasing in value over time, that is, after every 4 years, Bitcoin has always increased in price.