Why Bitcoin is more valuable than others coins?

[SmokerFace]

we see a lot of coins born everyday trying to make faster transactions and less block time why can't other coins for example litecoin overtake bitcoin price? what makes it so special? any bitcoin experts?

The answer is just simple because bitcoin is the main source of all of the altcoins, Altcoin means "Alternative coins" it's just an alternative coin for bitcoin to earn more profit that's the reason why developers and rich investors making an alternative coin to gain more profit in the market if their coin has become successful and one of the reason why other big altcoins can't overtake bitcoin because so many investors trusting bitcoin unlike other altcoins because it is the main coin as you see bitcoin starts with a very low price and big investors see it has a potential to get higher and higher until now so they have a trust on it and second you can't buy altcoins without buying bitcoins so it will affects always the price of bitcoin but we can't predict the movement of those coins in the future but be thankful because we all advantaging those coins

[Jose21]

we see a lot of coins born everyday trying to make faster transactions and less block time why can't other coins for example litecoin overtake bitcoin price? what makes it so special? any bitcoin experts?

Because bitcoin is the most used digital cryptocurrency in the world and it is known as the king of all cryptocurrency . It has a world breaking price other than all the digital cryptocurrencies and i hope it price will become even more and more higher in the future.

[Kelvinid]

we see a lot of coins born everyday trying to make faster transactions and less block time why can't other coins for example litecoin overtake bitcoin price? what makes it so special? any bitcoin experts?

That is fact that a lot of currencies are there but still the number one is bitcoin and the reason being this is that bitcoin is the most trusted currency and the number of bitcoin users are more than any other crypto currency.

You're right.Bitcoin is still the number one leading digital currency throughout the world not just because of its popularity,but also of its fast and accurate transcations .New coins may arrive but none of them have really break bitcoin in its record history.

[squatter]

The answer is just simple because bitcoin is the main source of all of the altcoins, Altcoin means "Alternative coins" it's just an alternative coin for bitcoin to earn more profit that's the reason why developers and rich investors making an alternative coin to gain more profit in the market

I think that historically, this has been true. Altcoins today generally fall under two categories: forks of Bitcoin and forks of Ethereum. And since both of these are POW blockchains, the underlying incentive mechanisms that make their economies work and promote the network effect are pretty similar.

This might change over the next few years. While I think IOTA is centralized and unreliable, it's "tangle" consensus mechanism is the first glimpse into a new kind of consensus network with different incentives for security.

Hashgraph, too will be a new kind of consensus algorithm built to compete with Bitcoin. Bram Cohen (of Bittorent) is also creating something called the Chia network which will completely swap the POW security model for something called "proof-of-time." It seems we are leaving the era of Bitcoin clones, and into a new era of real potential competitors that offer something innovative and different.

[bakunawaaa]

Bitcoin is more valuable than other coins because it was the mothership and the pioneer of crypto currencies. Other coins may have based their blockchain technology on btc and may have improved it but the fact remains that btc still was first.

I agree that when we talk about value the intrinsic value of something is based on the features it comes with and the use. In terms of crypto currencies however, in my opinion it has more to do with the reach. By reach I mean how many people it has touched so far. Btc being the first crypto currency has since established its market.

The value of fiat currency is determined by the amount of investors willing to put their money in the benefits they can gain from the country having that currency. Value is ultimately determined by the services and goods then you have to factor in the supply and demand for these things. It is the same with btc, having already establishes a huge network and huge market it is now by far the highest priced crypto currency.

[Gabb]

In reality it is difficult to determine from a 100% objective perspective the correct value that something should have, since much of it is generated from a merely subjective perspective. But taking into account that there are altcoins with better features than bitcoin whose prices are extremely low, I could say that bitcoin remains at a very high price for speculative and psychological issues of the market.

[engrshu]

we see a lot of coins born everyday trying to make faster transactions and less block time why can't other coins for example litecoin overtake bitcoin price? what makes it so special? any bitcoin experts?

Bitcoins do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars. ... In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin. It is recognized and accepted as a currency by many. Bitcoin is decentralized and limited.

But all the other coins are also decentralized and limited. I agree that btc is widely accepted, and that's enough reason why it's valuable that any other coins. Many people trust this old lad because it's a well known coin that proven it's usage and worth, so they invest in it,  causing for btc price to rise even more.

[clip123]

For many reasons.

It is widely accepted since it's been there for longest
People have put trust in it first
So many coins have been misplaced thus supply has been decreased
Futures are starting on Bitcoin first
Investors can buy bitcoin through trading platforms
and list goes on

[btccashacc]

we see a lot of coins born everyday trying to make faster transactions and less block time why can't other coins for example litecoin overtake bitcoin price? what makes it so special? any bitcoin experts?

Even though there are so many altcoins which better than bitcoin but people prefer to invest their money in bitcoin the reason why they prefer bitcoin to those coins since bitcoin is more decentralized than others and safer. Bitcoin isn't suited for small transaction due to higher fee and low confirmation that's why people created altcoin to address this issue. As we can see the price touch the highest point right now it means people trust it.

[Phantomberry]

Ofcouse bitcoin has a great value coin in the past year they have proven bitcoin has a large community and it has an update fast transaction other those coin.

[blocklancer8]

If viewed from the history of course we will know what is bitcoin and others follow behind him. So in other words, this bitcoin is the main idea of ​​coin-coin that many popping now. The new coin is trying to adopt and make it superior to bitcoin. But the virtue of this bitcoin is unmatched by any other coins.

[bncbnc]

we see a lot of coins born everyday trying to make faster transactions and less block time why can't other coins for example litecoin overtake bitcoin price? what makes it so special? any bitcoin experts?

Even though there are so many altcoins which better than bitcoin but people prefer to invest their money in bitcoin the reason why they prefer bitcoin to those coins since bitcoin is more decentralized than others and safer. Bitcoin isn't suited for small transaction due to higher fee and low confirmation that's why people created altcoin to address this issue. As we can see the price touch the highest point right now it means people trust it.

But i do not think that there is any other altcoin which is better than bitcoin. I think that bitcoin is more better than any other altcoin. Bitcoin is in fact the number one currency of the world and will remain as number one for a long long time. not a single altcoin can overcome bitcoin so easily. In fact people have more trust on bitcoin than any other altcoin.

[shata]

we see a lot of coins born everyday trying to make faster transactions and less block time why can't other coins for example litecoin overtake bitcoin price? what makes it so special? any bitcoin experts?

Bitcoin is not the first cryptocurrency of the world but Bitcoin succeed. Many people trusted Bitcoin and It reaches high rate because of too much investors. Bitcoin cannot be hacked by somebody. If every day, many of the people added to the investors of it, Then the rate of it will increase and increase.

[cyriljundos]

Because the bitcoin is highly available here not only coins more important to than coins held now

[krulviper]

I personally use eth and ltc to transaction, because I am only a small player and I have to minimize the fee with a fast transaction process,

[ipanks]

the only thing that i know is bitcoin can be use to buy something on the internet and although the fee is not stable and the transaction can not be predicted when to finish, people still want to use bitcoin as the payment. beside that, bitcoin can be our long term investment if we believe with bitcoin and don't spend it to buy something. the other thing is bitcoin price itself will be increase in future so people which is hold bitcoin only want to sell the bitcoin when the price is at higher price.

[Harry1v]

First, bitcoin is the earliest recognized by the virtual currency, Second, bitcoin has the world's top development team, Third, bitcoin's highest computing power of the entire network, the most stable network.

[googs84]

Bitcoin is the original cryptocurrency , means concept of cryptocurrency get introduced by bitcoin in 2008. All other currencies came later. Bitcoins various features like decentralised nature, peer to peer mode of exchange, less transaction fees and secure blockchain security system made him more and more popular. Its restricted supply made it volatile & as a result its price get hiked day by day i.e. $0 in 2008 to $7854 in 2017. Even after ban/ regulations from big countries like China, US, Australia, Japan its price is rising daily. This rising price is attracting more and more traders and investors making it valuable.

[gilangIDR]

we see a lot of coins born everyday trying to make faster transactions and less block time why can't other coins for example litecoin overtake bitcoin price? what makes it so special? any bitcoin experts?

Market share and trust that will make a coin better than any other coin. We all know that Bitcoin has a high popularity and it has proved that there are now so many people who are interested and start using Bitcoin as a tool of financial transactions in everyday life. I as a trader would have to choose the right coin and I do not think there is a coin now that can compete with the power of Bitcoin.

[ridho002]

Yes may coins BTC today's most interested persons. we can Clay percentage of people buy bitcoin and sell bitcoin, with a high price Aja still a lot of interested with bitcoin of the coin other. price high as there are interested persons.