Why is bitcoin worth so much ?
Bitcoin price $9,442.51 coinmarketcap
Ethereum $236.39 coinmarketcap
1.Btc transaction fees are high
2.Btc takes like 10 minutes - 1 hour to confirm
3.It has no smart contracts support
4.No tokens support
Etc etc ...
Where does the value of bitcoin come from ? I don't understand the logic behind the valuation ...
• The Transaction fee of Bitcoins is not dependent on the price of Bitcoins , it is actually dependent on the amount of Bitcoins . The miners are working too , to make sure that it remains secure and safe . Therefore I do think that it is reasonable.
At the same time we do have options to pay less transaction fee . Like Lightning network, even though the network is not actually that safe , but now and then , it can be used .
•The confirmation time of BTC , is rather a blessing. The reason it takes this amount of time to confirm is because this way it provides additional security , you should try and find out about it more .
*Bitcoin transaction is not just verified by one person or company*
• I do think you are not stating the fact that Bitcoins also does support the smart contracts but that's actually limited . One should understand that Bitcoins can use smart contracts you can learn about the protocol online .
• Tokens support ? Do you mean the customer service? It is not centralized therefore there is no point in having one.
• Trust
• Fixed amount of Bitcoins ( Demand and supply makes it much more interesting for the upcoming future)
• High volatility is a blessing for most traders .
There is a lot . No way ETH or any other Crypto is bad , but the thing is people tend to use the one's that they find more trustable . We do have a lower coin supply and liquidity.
I do think BTC is better for Investment purposes and trading and all , ETH is overall good for day to day activities.