I'm not bashing this coin (I don't have any so maybe I'm a bit jelly..)
but I seriously cannot imagine any coin being higher than BTC, that's just my opinion.
Will be very interesting to see where this goes.
You raise a good point, is a psychological thing. But to give an example:
Say there are 5 bitcoins in existence, 10 litecoins, 50 feathercoins, and 100 namecoins.
If the current real world economics are applied, and let's say bitcoin is valued at $100, then due to the availability of the other coins, litecoins are worth $50, feathercoins $10, and namecoins $5.
That's how pricing currently works.
Now if a new alt comes around; bitbar, and there's only 1 bitbar in existence, if we follow the pricing model, that bitbar is worth $500 dollars.
"But another alt can't be worth more than bitcoin?"
Of course it can, it's all about the economics of the coin, it's availability, circulation, supply, and future potential.
Personally, I think that bitbar has a future, it's an alt that's (so far) not been pumped, not been spruiked by shills, and has not been overhyped. It's just steadily chugged along in the background. That's what you want from an alt, steady, consistent growth with a long term future in mind.
No.
Scarcity is not the only factor in value. I could by that logic create a coin where only 0.0000000000001 of a piece exists and it's worth $1 million dollars.