Why is Bitcoin membership growing very fast

[Cruz_tech]

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.

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.

[Mpamaegbu]

I would love to hear from you so I can tell them when this topic arise again.

Among the things you will tell your friends, include a picture of what it's with Bitcoin and the entire cryptocurrency market during a bear season. Paint the picture vividly to them without mincing words so they also know it's not always rosy the way it's now. That should be a caveat from you in case they invest now and lose their funds because people like that hardly have the patience of long-suffering and perseverance.

Bitcoin is the only crypto that matters in the long run. Alts are fine for quick hit and run type of actions and some of them might do well in a 5 year year period but eventually they all lose their mojo but bitcoin keeps going higher and higher.

Are you sure you want to also see ETH as a quick hit and run type? Well, I wouldn't. If there's any altcoin/crypto that has enabled and helped this industry grow this fast, I would be looking at ETH.

[suzanne5223]

I would love to hear from you so I can tell them when this topic arise again.

Among the things you will tell your friends, include a picture of what it's with Bitcoin and the entire cryptocurrency market during a bear season. Paint the picture vividly to them without mincing words so they also know it's not always rosy the way it's now. That should be a caveat from you in case they invest now and lose their funds because people like that hardly have the patience of long-suffering and perseverance.

Agreed. Him telling his friends about the bear and market correction that will happen after this bullish market is important, especially for those who are accumulating BTC now due to FOMO.

Bitcoin is the only crypto that matters in the long run. Alts are fine for quick hit and run type of actions and some of them might do well in a 5 year year period but eventually they all lose their mojo but bitcoin keeps going higher and higher.

Are you sure you want to also see ETH as a quick hit and run type? Well, I wouldn't. If there's any altcoin/crypto that has enabled and helped this industry grow this fast, I would be looking at ETH.

For established and genuine Bitcoin enthusiasts. ETH is also another quick hit-and-run crypto because all altcoins imitate the functionality and concept of Bitcoin creation. Besides, one on one printed file will always be one unless you want to have a copy of it.
This is one of the reasons why most Bitcoin enthusiast sees altcoin as a means to take away the enthusiasm of BTC from people and altcoins are an alternative from the get-go.

[Webetcoins]

Oh well, you must be referring to the people involved in Bitcoin in general. Bitcoin started weak actually mate and people have doubted its potential but luckily it changed overtime. Also, thanks to the few people who trust their gut and knowledge towards the coin.

For some, yeah, they are still attracted to Bitcoin despite its high price now. This mostly applies to the experienced Bitcoin user but for the newbies, the price intimidates them and then cheap altcoins seem to have a better offer but of course this is mostly part of their marketing stunt but yet they still can trap a lot of newbies/people. Why Bitcoin price is very expensive?

Well, it is because it already built a solid foundation over time and people are still coming for it. And like we talk earlier, its high price is also one of the reason on why the involvement of people towards it are growing very quickly lately. When it comes to investing, that is right that we must think twice first and a cheap price shouldn't be a primary reason for us to FOMO with them. As they say, it is not about the quantity that matters but it is about the quality.