99% of crypto people believe BTC is #1 thus it is #1...\
HOW do you plan on changning my mind that some altcoin is worth more?
Same reason gold is worth so much more than silver.
We all believe BTC has a lot of value therefor it does. How do you change that belief to coin x?
It doesn't work that way that you believe bitcoin has value so it does btw. YOu believing in it has nothing to do with it. Its all based on transactions and corporations accepting it as a form of payment. Then it has value. I can see the brain wash snake oil sales man effect taking its control over you. This is andres youtube comments about how great bitcoin is revolutionary idea and a belief. Nope crypto currency is a revolutionary idea and bitcoin is just 1 brand. Just like credit cards visa, mastercard now businesses take all kind of diff credit cards and gift cards. It would be like when visa first came out with a credit card and he compares visa to the internet and its a revolutionary idea. No the credit card is a revolutionary idea and visa is one brand. Its going to be the same way with crypto currency at some point to do a transaction wont they just take a bunch of them? A business has no reason to say we only want bitcoin. You think they care if its tied to a bank or not? They will take the litecoin just as well and cash it in just like bitcoin. It doesnt have the popularity yet but as cryptos get more popular it will. Right now I think bitcoin has a nice moat but as soon as Isee big corporations taking the other coins I probably will dump it for a cheaper less volatile coin
Gold is worth more then silver is because its a better quality metal that doesn't tarnish. Silver tarnishes so thats a big reason their is a huge difference in price.