Bitcoin Forum

It's no secret that BTC has a big problem with fees and transaction times and it's getting worse with rising valuation and number of users.  That's the first issue.  Bitcoin's closest market cap competitors don't have these issues....at least not yet.

The second issue is that other cryptos have given better returns year-on-year vs. Bitcoin...especially in the past week to a month.  During that period BTC went up 100% but some of its closest competitors in market cap have returned 200-300%....or better.

To me, this is a no-brainer.  Even some merchants and vendors have dumped Bitcoin in favor of other cryptos.  Most know of the STEAM example.

So why are so many on this forum not switching?  Most of you would be in a position to get in before the crypto ignorant (new investors) start piling in fresh cash.

I really do not understand the logic since I don't believe for a second that it is an issue of brand loyalty...especially how little it is discussed as an option.

Thoughts?

It's called the pioneer advantage. There's hardly any coin pitching without mentioning BTC and it's success.
BTC is the crypto standard.

So let me get this straight...you would rather stay with Bitcoin even though it has lower appreciation/ROI in value and has higher fees....just because it was the first crypto?  If it begins to lose value while other cryptos appreciate, hypothetically speaking, you'd still HODL?

Let me answer your question: if any alternative currency were as successful as bitcoin is currently, it would have the same problems with congestion and high transaction fees. You think that the fees back there in 2013 and 14 were as high as currently? They were not. But bitcoin didn't have the current user base, either.

Look at ETH: it got congested with some kitten app!

I am currently leaning to thinking that the problem is inherent to blockchain currencies: you simply cannot reasonably expect to store every transaction happening throughout the world in one public blockchain! It must get congested eventually ....

Which is very sad....

because it's the first and most of people who heard about cryptocurrency only know bitcoin. Other crypto are only well knowing among traders and investors

Thank you for your reply.  Unfortunately that's not quite what I was asking.  I know the reasons why Bitcoin is having problems that it didn't have in previous years and I personally wouldn't consider ETH either.  There are many other cryptos out there in the top 20 that could give better returns and not scare people off due to problems.  Whether or not they'll develop problems in the future is not the point.  I agree with you that many, if not all, will run into issues sooner or later.

So again, assuming that you and others are in this primarily to profit, increase your standard of living, or obviously to have a fast and cheap way to buy and sell without central control....why not, in the spirit of trading, use an alternative for the meantime?

There's no stopping anyone from going back to Bitcoin later.

you seem to not be aware of the serious scaling issues that the "closest market cap altcoins" are facing. for example ETH which is having worse problems than bitcoin has. people's transactions are getting stuck each time there is a big ICO going on. and these days a simple project called cryptokitties fucked up everything pretty nicely :D

well that is just not true.
the difference is that bitcoin goes up and stays up but altcoins go up and then come down. people are calling them pump and dumps for this reason! it is not just some term they use for no reason.

as i pointed out above.
let me put it this way for you. the altcoins are creating an illusion of not having the same issues and people believe it because they are not used.
it is like bitcoin if nobody used it! there were no scaling issue if every block only had less than 20 tx instead of current ~2000 tx. and that is why you think altcoins are "superior"

It is better to stay in the leading Crypto, but it is also good to invest with other Altcoins, If you have a problem with the fees of bitcoin then pull out all of your BTC and invest in something else, I think this is normal that if the value of bitcoin would increase so are the fees, just like the products you are buying if it is over in demand then the price would surely increase and consumer would also complaint about it, but in my opinion even thought the fees are increasing it is tamp by the amount of value you can get with bitcoin.

https://coinmarketcap.com/all/views/all/#

Note the same parabolic gain curves on several coins in the top 20 when compared to BTC...many very recently.  These coins have not come down either...as you can check for yourself.  As I said in a reply to another bug.lady, I agree with the ETH issues.  Let's focus on the others that have yet to demonstrate issues.

well, every one of them that are based on the same technology and require a blockchain to be stored in a decentralized manner and blocks to be mined are facing the same issues.

the blockchain technology is not really a complicated thing. it is data that is being stored somewhere. there are always going to be limitations for that. you can decrease the block times, increase the block size and with it increase your scaling. but you will be sacrificing a lot by gaining so little.

of course there are other technologies too. like what IOTA is using, but i am not familiar with it so i won't talk about it here :P

LOL - attack of the clone army  :P

Bitcoin being the oldest is the boss of the house. The people entering this future market get to listen about bitcoin first then other cryptos. and seeing the popularity explode in last 2 months it has seen high upsurge due to this fact.
it will remain the king till th market enters its old days.

how about tangle? inifinitely scalable, no fees, the more users, the faster the transaction.

Bitcoin is more popular and acceptable everywhere. with bitcoin you don't need exchange to exchange your coins for any other currency, you can just make the payment directly with bitcoin when buying something online.

I find Tangle to be an interesting and superior technology to blockchain tech, the more reason why it is being used by IOTA and would definitely be a solution to scalability issues. But the problem here is adoption, as it stands people are still stuck to Bitcoin despite the obvious limitations. Hopefully, they will be a mass adoption as time goes on.

Now that the rapidly growing use of bitcoin around the world and the start of a new coin similar to bitcoin is not something new happening because every time there is a successful breakthrough and a lot of devotees, then there will be people who begin to follow it and hope will succeed as well as a competitor. This is what happens between bitcoin and other cripto.

people have been so devoted to bitcoin as against other crypto because bitcoin is more reliable in respect to transactions, its scalability is also reasonable, talk about the present value it is still on top. bitcoin is really paying above all .

By this , they come to know about the strong points of altcoins and basically they get an idea about which cyrpto currency is better and  how much to invest in it. But most of the answers portray Bitcoin superior to any other currency. There are like very few people who choose altcoins. This is the main reason why people ask that , just so that they get a clear idea of what to do and what not.

Cuz it was the first one and also due to its price that is growing and growing

I think it's quite simple. Bitcoin has the best team of devs working on it, it is already well established and it's not something brand new, or forked from the original coin (because bitcoin is the original coin), and has the biggest growth potencial, because it will be the first coin to scale globally. Of course it's facing problems, and other coins aren't, because bitcoin has the biggest amount of users. If the other coins had the bitcoin status, they would probably be facing the same problems.

Also, bitcoin is opening road for all other coins to prosper, and you can't really see that apparently. Most of the success that other coins are facing, is due to the success bitcoin is having. Crypto is an aggressive market I get it, other coins don't need to show appreciation to bitcoin for clearing barrier after barrier, and allowing them to just keep moving forward without many adversities, but going to the point of thinking that investing in bitcoin is just because of blind loyalty is just silly in my opinion.

Also, you are just focused on profit, and that is probably another reason why bitcoin will probably succeed, and other coins will probably fail. I prefer bitcoin to other coins because of well justified loyalty, not blind loyalty, and in my opinion I think it's important to believe in a project, and there is nothing wrong with that.

There are many people who in their right mind have devoted themselves to bitcoin compared to other cryptocurrencies. The reason for this is the history of bitcoin itself. If you check how its value inflated since 2009 you will finally know what is the answer for this. Unlike bitcoin other altcoins have no exchanger like bitcoins that can exchange the cryptocurrency into the local fiat currency. This is one of the advantage of bitcoin, and those fiat exchangers have been one of the biggest reason why people are so clingy to bitcoin.

it is not bitcoin's fault it is that altcoins' fault.

in order to compete with something you do need to be better than that something. so far from what i see, altcoins are created with the sole purpose of gaining more money. developers premine their altcoins so that they can get rich from them. they run ICOs to get paid before doing anything, they pull lots of weird shit to make money easily for creating something small.

this trend creates lazy developers who are getting paid even if they don't create a proper thing. you can't expect much competition in this area.

Bitcoin in fact trusted currency as compare to other crypto currencies. Bitcoin is proving itself for a long long time. Bitcoin has already giving a very good profit to people and that is the reason that now people are putting more trust on bitcoin. People still expect to get more profit from investment in bitcoin. In fact still bitcoin has too much potential and its price will really continue to increase and that is the reason  that still people are too much devoted to bitcoin as compare to other cryptos. Although there are some altcoins which also have good potential and its price can also `increase in future but still it cannot compete with bitcoin.

As you have said in your post,no other coin has handled such a huge volume o transactions and only when such coins handle such a huge transaction volume,then only we could say that it is better than bitcoin.

I think the reason why many people are devoted to bitcoin is more popular than other cryptocurrencies through the help of mainstream media and news sites as the first cryptocurrency we know users the bitcoin it is very secure way of payment and also, we all know that bitcoin price surged very fast and keeps on rising so, people saw this oppprtunity to earn more money by just holding and some are opening businesses for bitcoin.

Also, just look at this site coinmarketcap.com, and you will clearly see why bitcoin is favored among all. The rising popularity and demand is unmatched when compared to other coins. Also, bitcoin may have some issues about its transaction fees lately but people have connected their faith in bitcoin and are assured about the profit they can get in bitcoin moves them from any altcoin to bitcoin.

Because Bitcoin is the most decentralized cryptocurrency - it has the highest amount of nodes, which makes it resistant to different attacks (well, Ethereum might have similar or higher node count, but it has very-very centralized development and some security issues with its main features), and also Bitcoin is secured by the highest amount of PoW. Bitcoin is the best coin for high value transactions, but if you want to buy coffee than you indeed should use alts, at least until LN is deployed on mainnet. Alts are far less secure than Bitcoin, but it's okay if you deal with small amounts of value. I personally use Dogecoin when I transfer funds between exchanges, because its fees are much lower than fees of Litecoin or Bcash.

Because bitcoin has more bigger coinmarketcap make people still believe more in bitcoin rather than other altcoin.
And bitcoin is the first and bigger cryptocurrency in the world so far. So why we should switching to altcoin if we still believe with bitcoin?

People are devoted to bitcoin because they have trust and also the high value attach to it , it is the most popular cryptocurrency and perhaps as it is used in most places for online shopping

Tell me some Bitcoin's closes market cap competitors that have an average 350k transaction per day for more than 1 month.

If there's only one person that can predict what will happen in the future then he can profit more than 1000% of his/her investments in crypto, for me Bitcoin is the most reliable cryptocurrency out there.

The main reason for people to convert their Bitcoin to other Altcoins is they are expecting for some higher return over time, is it really 'steam' or 'steem'?

Maybe because this is a bitcointalk.org and meant for Bitcoin related things and switching to some cryptocurrency is not bad but people will always tend to go back to Bitcoin. Again if there is only a chance to know what is happening in the future.

Bitcoin is the father of all cryptocurrency and the pioneer of it so the root of all Altcoins out there was came from it, Bitcoin is the most valued coin right now because it deserve it to be. I knew that most people know already that supply and demand is the main reason for a thing to increase in price and that's what is happening to Bitcoin right now

Bitcoin is the father of all cryptocurrencies and since from the beginnings is number 1 in marketcap. Is enought for some people to have trust in it, for others maybe is just too simple to understrand.

Bitcoin, is consider nowadays the mother of all coins. People put their trust in bitcoin because they believe in the power and benefits of bitcoin. Most of the people are earning big than with other cryptocurrencies. I believe its the first token introduce in the market or if mistaken, bitcoin is the first token to be very popular in this past few years. Maybe some of the tokens have their own future or what so called potential to gain high value in the market but people always see bitcoin as their basis. And this year bitcoin reach unbelievable increase than no other cryptos never reach

Because it's the most popular with the largest user base. For the most part, the cryptocurrency market still revolves around it. In the speculative world that is the cryptocurrency market, it's still the most stable, with the highest potential to make it for the long run. Most altcoin holders are also Bitcoin holders, but not necessarily vice versa. Its head start created tremendous momentum that's still being maintained today.

Altcoins have slowly been gaining ground in terms of market share though. You have stated very good reasons for an altcoin or two to switch the script on Bitcoin, and I certainly can't discount that possibility. If the confirmation times and fees problems aren't addressed in the near future, then Bitcoin is in real trouble.

I think many people devoted in bitcoin than other cryptos because first,bitcoin is legit and the value here in bitcoin is getting higher unlike the other cryptos.They are devoted or focused here in bitcoin because they'll know that here in bitcoin there are many ways to become successful in life or rich.The one thing also,bitcoin is a most popular cryptocurrency in the whole world so they choose to trust it.

Because bitcoins are unique. Because it is decentralized and can not control any person in the world. So even if the price of bitcoins falls, people are confident that it will raise prices again. Unlike altcoins that control the price and can afford to manipulate them. So even though I choose the bitcoins because it's true and nothing goes wrong with bitcoins.

It is the only cryptocurrency that very unique compare than other cryptocurrency.Bitcoin is more popular and its price is more stable than others.We can say this is legit and not scam because many of us can prove that bitcoin is true that we can earn a lot here.

NItcoin is the most well used and known of all the other cryptocurrencies bcause it is easy to used and t has he highest value among all of them. However I still think that others moght catch up but for now truly the darling of the crowd is bitcoin

New entrants to the crypto world just only know about Bitcoin and not the other altcoins.
Many hours should be done researching on these coins and an average working people probably does not have it.
Thus more newbies are just staying with Bitcoin hoping it will go up in value.

I disagree! Not everyone follows what's in, as you can see bitcoin is at it's success maybe that's the reason why. Why people would put their money to something that is not profitable? There are bounties that offers other cryptocurrency in this forum and it will take time before they could change it in their countries currency because the value of those are continuously falling.

because they also need to create their own Crypto currency for profit because business is business but I think they just make another coin to make money for people and also need some other coin to get trading on bitcoin because I just bitcoin Our single coin may have no trading sites like bittrex and poloniex.

they stopped accepting bitcoin but not for other cryptos, they are not foolish enough to add another altcoin that nobody even uses. it is not worth the hassle.
and in case you missed it, steam was using bitpay to accept bitcoin payments and bitpay doesn't accept any other altcoin so that is a no no right there :)

besides I would love to hear your thoughts. for example what altcoin do you suggest we start using? and please explain why and also how that altcoin has solved the scaling issue of bitcoin?

Well a few days ago, back when it was $130 per coin I recommended LTC.  It's now over $300 a few days later.  The reason I like it is because it is basically a Bitcoin clone that has integrated more scalability at the outset.  I also like the lead developer who has a good reputation.  In contrast, one of the things I've never liked about Bitcoin from many years ago when I first learned about it was that it was developed probably by a group that claimed to be a single individual...and they've completely disappeared, leaving a custodian to manage it.  This raised many red flags with me.  I was actually following Litecoin for a few months before I actually wrote it out as something to buy.  The reason I started really paying attention to it was after seeing the fees and transaction delays spiral out of control with the last run-up of $9000 of Bitcoin.  The fact that Steam dropped Bitcoin and started accepting LTC added a lot of potential in my mind.  Personally I believe that Litecoin won't see scaling problems even if it becomes much larger than BTC.  I don't know how long that can continue but that's really up to their development team.  I know that people on this thread won't like to hear it but I think LTC can supplant BTC as the leader if BTC doesn't get its act together.

The other coins that I like, now more than ever, are Dash and Bitcoin Cash.  Now that BTC is having the problems that it is having, suddenly BCH seems like the logical successor...the coin that follows in the spirit of the original white paper.  Dash is fast and private.  I don't understand it as well as the other coins but from what I've read it seems attractive.

Overall I still don't understand the blind loyalty to BTC.  Those who built it made their money and are probably long gone.  If people know anything about history they'd understand that in the early adoption phase the vast majority of the market is open to options.  Too many people on these forums treat Bitcoin like a cult that cannot be questioned.  Not only is this attitude reckless but it almost always ends badly from a historical point of view.  This is supposed to be a forum for discussion and debate of opposing points of view....where people can come up with new ideas and new ways of looking at things so they can evolve and adapt.  Instead here we have nearly a fundamentalist religion that acts like a cult that just discusses the same things over and over with threads that reach into the hundreds of pages where nothing original is said and the OP stopped replying literally years ago.  That is not what a discussion forum is meant to be...just like BTC is not behaving the way most people understood it for most of its existence.

i think they are just being practical.
since bitcoin is more trusted than any other altcoins.
it is also more enticing to new investors due to its price as compared to others.
:D

Why are so many devoted to Bitcoin vs other cryptos?
This is because Bitcoin are reliable, easy to use, less fees on transaction, and its versatile price.

If Bitcoin had the "best team" of devs working on it, they would have foreseen the current problems and solved them long ago.  BTC is 8 years old...that is an eternity in the world of software.  If they cannot fix the scaling problems by now I don't know if they ever will...or if they do another coin or coins will have already taken the place of BTC.  Remember that probably 99% of those now learning about crypto don't have a favorite and will flock to whichever has the best fundamentals for the user.

"You can't really see that apparently" - patt0

I see that Bitcoin was the pioneer.  While that's a nice history lesson, the market doesn't care.  If markets followed what you describe, Atari would still be the king of gaming consoles.  It collapsed as fast as it took over the industry in its early years.  Insert any number of other examples here.  What barriers is Bitcoin clearing?  If anything it is putting up barriers when merchants stop using it.  They will be even slower to adopt another crypto after giving up before.

I am just focused on profit?  No...actually I'm focused on Bitcoin behaving like a currency.  If it sounds like I'm focused on profit it's because I'm just posing a question that appeals to 99% of those reading this forum...since greed is king to almost everyone involved in crypto these days.  Long ago it was a Libertarian/freedom concept but Bitcoin has been taken over by speculators that couldn't care less about its original ideals.

"Well justified loyalty"....let's see how long it lasts.  Place your bets...everyone else is doing it.

Many are devoted to Bitcoin because of the following reasons:
1. acceptability: bitcoin is gradually gaining much acceptance for varied transactions accross the globe. unlike altcoin that needs to be exchange for bitcoin or fiat money before transactions can be possible.
2. high profit potential: most people are stacked to bitcoin not only because its the first crypto currency but also has the tendency of high returns on investment.

It's too easy to know about the reason for this problem :))) Just because Bitcoin is the first cryptocurrency and the highest price cryptocurrency at the moment :D. It has gone really far, about 10 years and this long time make people more believe in Bitcoin than other cryptocurrency. But for now I think people not only focus in Bitcoin like before, they also focus on ETH or other altcoin with good potential as well.

because people prefer bitcoin than other cryptos. they can withdraw their bitcoin into fiat and if they want to use other cryptos then I don't think that it will easy for them to withdraw. besides that, new people only know bitcoin and they don't know that besides bitcoin, there are many altcoins and after they learn more about cryptocurrency, they finally understand.

being profitable is one thing being a proper cryptocurrency is another. if profit is the factor you care about them there are 1000 altcoin that can satisfy that.

that only increases capacity by factor of 4 (2.5 min blocks versus 10 min) it is unfortunately not a good solution for scaling. and as far as I know it was never meant for that. they decreased the block time to increase the speed of confirmation.
it also comes at the cost of 4 times bigger blockchain. imagine if bitcoin had 2.5 blocks the blockchain would have been 700 GB instead of current 175 GB

a decentralized and open source project should not have a single developer or a single team that everyone looks up to. that defeats the purpose of this whole thing. in my opinion Satoshi going away is actually a good thing.

the same can happen to litecoin too. decreasing block time is not solving the scaling issue. the fact that it has not happened yet in LTC is because it is not being used remotely as much as bitcoin.

Steam is NOT accepting LTC!

you still have not explained "why"! just believing that they can is not enough.
all of these coins are based on the same technology. they have bigger blocks, shorter time between blocks,... but in the end they all have a limited size block to X bytes. and at some point that X is going to be filled if their adoption grows.
bitcoin can process ~ 3 tx/sec
LTC is 4 times faster ~ 12 tx/sec
BCH is 8 times faster ~24 tx/sec
not sure about Dash :D
but none of these can compete with the adoption because you can not have unlimited block size or for example 1 GB blocks.
VISA handles on average around 2,000 transactions per second!

and increasing this number is easy in theory but in reality it will bring about a lot of problems. you can see one of them in ethereum. you can no longer fully sync with the network from scratch. it is a HUGE blockchain over a slow network.

https://en.bitcoin.it/wiki/Scalability

that is what I have been trying to tell you. it is not blind loyalty, it is the fact that altcoins are not really better.

there are cool projects that nobody even hears about. like IOTA and ByteBall. but you wouldn't have even heard of them if IOTA was not pumped like how it is right now. they also have issues of their own FYI!

I believe it is because of: 1. BTC was the first cryptocurrency, and it is legendary; 2. crowd thinking: If others buy it, I will buy it too; 3. there are a lot of scams around, and BTC is the least possible to end up being a scam, while other, smaller cryptocurrencies have a higher chance.

It is not brand loyalty but we are thinking rational, bitcoin is dominating the market, most of the coins can be traded with bitcoin, so its mean a lot of people will used bitcoin for trading, so bitcoin is not that easy to dead and bitcoin is adopted in Japan while other crypto still try to look for investors, so keeping bitcoin gives more secure and advantage for the investors

You are missing the big picture here.  Rather than go through all the points and elaborate further...or admit to how I read that LTC was being accepted by Steam in a news release (fake news?  I remember reading it in Wired or something....) and I could be wrong...let's get down to the here and now.

My point is that many people here have done very well with Bitcoin.  Wonderful.  But right now it's in trouble and it's spinning it's proverbial wheels.  AGAIN...the big picture:  I believe it would be wise for those currently holding Bitcoin to move their money into other cryptos that are CURRENTLY not facing the same problems and are CURRENTLY and/or in the past year have given BETTER returns and still have a lot of room to grow before they may or may not face the same problems.  At a later date, they can always move some or all of their holdings back into Bitcoin if or when it solves the problems that it is now facing.

You are making this far more complicated than it needs to be.  Lots of long time HODLers are stressed.  What I am suggesting might be a wise short to mid-term solution.  I don't have a crystal ball so I don't know the future.  But what I do know is that most people are in this for the money and the price needs to go to $32K before they receive 100% on their current positions.  If the scaling problems aren't solved by then the fees will be what....$100 to buy a cup of coffee?  No one is going to invest in something like that.

Finally yes it is blind loyalty.  Maybe not in your case, but you know full well that most people posting on this forum treat Bitcoin like a cult and they attack anyone that raises the slightest question or idea that goes against their very rigid and narrow world view.

Most products throughout history that were first do not remain on top for long.  Bitcoin has had an incredible run, but being first has its downsides...like all of the flaws and limitations are coming out.  Whether or not other competing altcoins will experience the same problems remains to be seen but to new investors the biggest concern will be to choose the coin that has the most utility in the here and now.

Crowd thinking - that only works until people realize that there are other options.  Even in the mainstream news articles lately the author will usually mention alt-coins by their names as options for new investors to consider.  They never did that before...or at least not like they do now.

As far as scams go, there are countless people that wanted to get into Bitcoin this year but had no idea how.  So they asked friends that referred them to someone that was pooling money to supposedly invest as a group....to leave the hard part of buying to them.  Of course these people are taking their money and running or buying the coins and then disappearing 99 times out of 100.

If you are talking about scams related to alt-coins, the odds of the top 20-30 coins are probably equally legitimate relative to one another.  Note:  That statement doesn't prove or disprove that any or all of them are or are not ripping users off somehow either now or in the future.  So it's up to the individual to interpret what is legitimate about the whole cryptosphere and what is shady.

Well so many people are devoted on bitcoins as compared to other alt coins and lite coins the answer is simple btc is the only digital currency which is ranking high in the market value and its market rate is pumping higher than any of the crypto currencies hence its normal for people to be devoted toward something which has higher value and something which gives them huge profit its normal human tendency to make an investment on something with huge returns.

The reason why so many people are investing or patronizing bitcoin is because its market value is much higher than the other cryptos and the profit that bitcoin gives is very high too.

I think, that this is just fanaticism...there are many other worthy coins indeed, but some people can't even admit it

You know what it is, today there are more than 1,500 different coins and 95% of them are shitcoins. If you do not pay attention to it, this shit will have a negative impact on the really nice coins and all crypto community. We're talking about, BitConect is an outright scam, but it is in the top 20 capitalization!!!

Bitcoin is the first and like a god father on all of the cryptocurrency that are present today because if there's no bitcoin there no altcoin also.

This is true, bitcoin have gain credibility over the year and also been established really well. Probably, bitcoin will have big transaction fee but surely still will attract people becaise of tremendous growth and unique technology from any other coin. Its pretty sute that bitcoin will continue gain popularity and demand because its is the most known crypto currency. Indeed, bitcoin is the standard of all newly made coins.

Because whichever way you are, the price of all alternative coins depends on the price of bitcoin. And a part of your deposit should always be kept in the main currency. It does not matter what happens to it today, if tomorrow it will still grow.

I agree on that and maybe it is simply because people really see what was really the big advantage in bitcoin than any other kind of coin.As we all have seened bitcoin is really amazing and it canreally change  our life it is really simple to use .I really beleieve that bitcoin can run throug a decade or maybe forever because it is now gdtting more popular than the past few  years.

Since it's the pioneer in the field of crypto currency, it's not really surprising that a lot of people are more into it than the other crypto currencies and also it's making them a lot of profits compared to the others.

I am sure that majority of the coins will be having scalability issue in the future when there are as many users there are with bitcoin ,with rising value of bitcoin it is inevitable to pay higher prices for transactions and that is how things work here,and most of the currencies went up because the price of bitcoin sky rocketed and there are some coins which had their rally in the meantime like IOTA.

In short, what I have understood and experienced is that there is yet no other coin stronger than bitcoin. Bitcoin is the one which has the largest market in the world at present among digital currencies. As far as throwing away bitcoin form the throne of crypto market is concerned, it is impossible. No other coin is as trustworthy as bitcoin is. Bitcoin is having the largest amount of investments and security as well.

Logically yes, alts will give you more profit because of their small marketcap compared to bitcoin alone with $300b and keeps increasing day by day
But bitcoin price movement is directly affected alts prices, when bitcoin pump, alts dump, when bitcoin dump, alts dump too then when bitcoin is stable alts will moon. That's why it is better to have your balance in bitcoin, when btc pump alt dump then use your btc to buy your favorite alts with big discount ;D

ever agan compare bitcoin with other payment?
such as paypal? payerr? PM? webmoney? payza?

I want to ask, if you want to buy an item, there are some payment processor,
what will you choose? pay via btc, paypal, PM, payer or something else?
(if smua payment processor there balancenya)

Bitcoin is really getting more popular because it is really proven and tested it really gives as an extra  huge income that is why many people really believe in bitcoin and it is really getting more trending than the past few year because  many more people really depend on it today.I think bitcoin is really a good way to earn profit verry amazing.

With the fees being so high I don't see the value of spending Bitcoin to pay for anything.  I'd use a credit card or Paypal.

This is truth. People didn’t know about bitcoin when it was developed back in 2009 and then after two or three years, there were some peeps who somehow know about it. All those technology and money lover knew what it was but still genre public was totally unveiled of it. Later and now, see this amazing thing coming into our lives and now it become an important part of us.

There were few users initially knowing about the importance and existence of bitcoin. Now the user Base has grown vastly and many are aware of the coin compared to the few years. As its the first crypto, legacy will continue and the price is expected to go a long way and its in it early ages. As long as volume is there buyers will be there and there will be very less sellers seeing the present scenario. Keep a watch and we do not know where the price is gonna go.

BTC has the highest followers now been the first crypto. It'd remain the prime crypto for a while until more people are aware of the viability of other cryptos. It took BTC about 8years to get popular and AltCoins are riding on that wave. In a little while, they start standing alone. Then their users would grow.

Bitcoin is among the first to introduce a fully functioning cryptocurrency to the world. This is why so many have stayed to keep using btc.

It is the first crypto currency that been created and the pioneer among all coins.Bitcoin may have flaws but its trust and the price is one of the thing that people devoted to.Besides its the mother coin crypto and not been dethrone for many years and will always be on top.Bitcoin can change anyones life,and i think a time will come that it will have a big role to the modern world and in the future.

To me, this is a case of comfort and convenience more than anything. The fact that there have been a myriad of issues being encountered while trading in Bitcoin has not dampened the fact of the users global enamor to it. Especially now that its value has reached an all time high and even with its drop it atill is very palatable to some investors

It was the first crypto and continues to the the leading one (market cap, price, progress toward the final state). This will continue for a while, but in the future this can go in any direction. 

People tend to trust names and brands, many people by BTC and do not understand anything in crypto currencies, so they cannot imagine that any other coin might succeed.

Bitcoin has been here for long and has been able to withstand many negative campaigns they did against it plus it is gaining interest from people globally and this is making it growing value consistently than all the other crypotocurrencies and so that is why i think people are devoted  to it more than the others because it is a bigger industry than the others.