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.
That's basically it, everyone explained it very well. Bitcoin is a safe haven, we know that it will grow, we have every trust in the world that it will do fine, whereas we are not sure about altcoins, that's literally the only reason. Don't get it wrong though, everyone has their own favourite altcoin as well, for example I love SOL, but that doesn't mean I will invest into SOL more than I invest into bitcoin, no matter how much I love SOL, it's still Bitcoin that I invest the most, SOL is second place, then ETH and so forth, we share it later on with other coins. So everyone has a common Bitcoin on their portfolio, at least majority of the people, some do not get bitcoin at all, and that means we all have bitcoin and the other altcoins are more personal preference.