Quote from: Bright0515 on December 03, 2024, 04:52:19 PM

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.

Bitcoin membership has been growing very fast due to its potentials towards the impact on the developing economy of some countries.

Regardless of bitcoins expensive nature people finds it very profitable to invest there capital because is has a potential to generate a long term wealth, it's More safer to invest in Bitcoin. Meanwhile some altcoin has a low income and a more temporary asset which some altcoin after it lunching losses it prices and values.

Bitcoin helps the wealthy individuals and organizations to safe guide there assets regardless of it's expensive nature and uncertain flatuation in it price.

Quote from: coolcoinz on Today at 08:53:54 PM

Why is bitcoin becoming more expensive and people are buying it instead of altcoins?

I'll give you a very simple answer to your question.

If you knew something is performing well and everybody is talking about it, even presidents, would you ignore it and buy something that's under performing and most people have not heard about?
Let's take ETH. It used to be much more popular in 2021 and worth more than it is today. Why would I choose ETH over BTC knowing that?

If I had ETH and BTC and saw ETH being worth less than it was 4 years ago, while BTC has reached a new ATH, I'd sell my ETH and buy more BTC and that's what people are doing and that's why bitcoin is going up and many altcoins still struggle below their 2021 highs.

Bitcoin membership has been growing very fast due to its potentials towards the impact on the developing economy of some countries.

Regardless of bitcoins expensive nature people finds it very profitable to invest there capital because is has a potential to generate a long term wealth, it's More safer to invest in Bitcoin. Meanwhile some altcoin has a low income and a more temporary asset which some altcoin after it lunching losses it prices and values.

Bitcoin helps the wealthy individuals and organizations to safe guide there assets regardless of it's expensive nature and uncertain flatuation in it price.