Why Bitcoin Is still above all coin in price/trading

[Kindness001]

Bitcoin as you all know be the most valuable coin in the world presently and is the coin that most people stakes higher money or capital on. As he be I don't think there is any coin that will come close to it in valuation and here is what Bitcoin has gotten that most of the coins don't have
 * No founder or controller controlling it that will make it to be rear or scors in the market unlike other coin that have CEO's or MD's that control it.
 * Every Bitcoin has to be mine by everyone no be like some coins that will be given to the CEO's before the public go start minning or being aware of it.
 *It is also the most secure network or coin around the world which is why no coin has overtaken it in valuation over a long Period because nobody they fear to invest in it so everyone put all in it on like other coins that can crash at anytime.
 And I think this make it very independent so that everyone around the world very what is Bitcoin it's power and what you can do and become if you have it in your wallet and it earns you respect if you have it .
It is the only coin that if you get anybody wey kno say u get go give you senior man respect.

[Mr_Brilliant$]

Bitcoin has many other coins that has copied his technology. But no one seems to have pulled such amazing numbers and users like that. For me, I think it's because it has no body controlling it. That alone is it's unique side. And it's main value not all comes from it's network. No one can replicate it to that level of success. The technology might have been what people majorly used to know Bitcoin, but it has passed that. It's large users and the institutions that use Bitcoin has proven to be a successful creation of the 2000.

[Hypnotizer]

~
 * No founder or controller controlling it that will make it to be rear or scors in the market unlike other coin that have CEO's or MD's that control it.

There’re other coins without any governing or control system like Monero and by the way, Bitcoin has a “Founder” who we don’t really know but we can call him Satoshi Nakamoto.

*It is also the most secure network or coin around the world which is why no coin has overtaken it in valuation over a long Period because nobody they fear to invest in it so everyone put all in it on like other coins that can crash at anytime.

Bitcoin having the most secured network amongst other cryptocurrencies is not the reason why no other crypto has overtaken it in Valuation. Bitcoin’s scarcity, demand and supply are simply the reason no other cryptocurrency has as much valuation.

And I think this make it very independent so that everyone around the world very what is Bitcoin it's power and what you can do and become if you have it in your wallet and it earns you respect if you have it .
It is the only coin that if you get anybody wey kno say u get go give you senior man respect.

It’s definitely not a good thing to go around tell or showing people that you have Bitcoin just to “earn yourself respect”.. you have to be very careful about that because the more people know you hold some bitcoin, the more you’re at risk of a wrench attack.

[Franklyn-wood]

Bitcoin has many other coins that has copied his technology. But no one seems to have pulled such amazing numbers and users like that. For me, I think it's because it has no body controlling it. That alone is it's unique side. And it's main value not all comes from it's network. No one can replicate it to that level of success. The technology might have been what people majorly used to know Bitcoin, but it has passed that. It's large users and the institutions that use Bitcoin has proven to be a successful creation of the 2000.

The confidence that Bitcoin has built since the inception can't be over emphasized. We know how it was criticize neglected and many saw it as a failed project, but today every one want to benefit from it. It has been tested and confirmed above every reasonable doubt.
It functions are very high and than, it's price is also growing as much as it popularity in the market compared to other coins that are in the market competing with Bitcoin.

[Livingleged]

Bitcoin as you all know be the most valuable coin in the world presently and is the coin that most people stakes higher money or capital on. As he be I don't think there is any coin that will come close to it in valuation and here is what Bitcoin has gotten that most of the coins don't have

Yes no other coin come close to bitcoin value among the crypto space and that why bitcoin can be arguably said the safest crypto currency to invest in. Ev though the coin is volatile, it’s volatility isn’t like some other pump and dump coins.

* No founder or controller controlling it that will make it to be rear or scors in the market unlike other coin that have CEO's or MD's that control it.

Bitcoin has a funder which we all know is Satoshi nakamoto the creator of the bitcoin itself. The only thing is that it will work just as perfect as it was designed to work with or without the founder in the picture and that exactly what is going on now. Satoshi when missing after successfully creating the coin, and it has sincere then been working perfectly.

* Every Bitcoin has to be mine by everyone no be like some coins that will be given to the CEO's before the public go start minning or being aware of it.

Everyone bitcoin has to be mined by a miner not everyone before it gets included in the blockchain network I guess that’s what you’re trying to say but your statement is saying different thing. Not everyone mine every bitcoin in the blockchain network when a transaction is created, its get into the mempool and minner competes for it, only on miner will eventually end up mining it and it will den be confirmed and included to a block before its being shared to other node runners.

[ZeroVinsonN]

People naturally don't trust other people and that's one of the reasons why bitcoin is as successful as it is today because there is no CEO towering over it, we all know that even if Satoshi truly came back today he will not be able to change anything about bitcoin and that level of independence won't be found amongst other coins and those who have it are simply going to be considered copies so why buy and invest in the copy when you can buy and invest in the Original.
So no, no other coins has been able to get nearly as high as bitcoin has been able to to the point where even the other coins that are considered highly when compared with all the others are still subject to price changes depending on which direction the price of bitcoin swings that day and that's why when bitcoin dips a lot of other coins DIP with it.

[SDS11]

People naturally don't trust other people and that's one of the reasons why bitcoin is as successful as it is today because there is no CEO towering over it, we all know that even if Satoshi truly came back today he will not be able to change anything about bitcoin and that level of independence won't be found amongst other coins and those who have it are simply going to be considered copies so why buy and invest in the copy when you can buy and invest in the Original.
So no, no other coins has been able to get nearly as high as bitcoin has been able to to the point where even the other coins that are considered highly when compared with all the others are still subject to price changes depending on which direction the price of bitcoin swings that day and that's why when bitcoin dips a lot of other coins DIP with it.

True, that lack of trust in people is exactly why Bitcoin is successful.
There is no CEO controlling it, no office or team that can sit down and decide to change Bitcoin. Even if Satoshi comes back today, he cannot control it, like you said.

That level of independence is what other coins do not have, mostly altcoins have a founder or team that can change supply or pause the network, that is why they are still under Bitcoin. And your last point about price is true. When Bitcoin goes down , altcoins go down with it. As long as Bitcoin is the king that leads the market altcoins will always depend on it.

[Dr.Bitcoin_Strange]

* No founder or controller controlling it that will make it to be rear or scors in the market unlike other coin that have CEO's or MD's that control it.

You mean Bitcoin has 'no founder? Then who do you want to give Satoshi Nakamoto credit to? Or are you just tossing his contributions out the window? You are right that Bitcoin is not controlled by anyone and that is because it is decentralized, that was the aim of satoshi, to create a currency that won't be controlled by anyone but can be used as medium of exchange via p2p transaction. Bitcoin is decentralized, it has a limited supply, it uses Proof of Work (PoW), its developer is not known  which in my opinion is a great advantage for Bitcoin.

[Lembo69]

Bitcoin is a currency that is never under anyone's control and no one can control Bitcoin. At the end of the Bitcoin cycle, its value increases significantly. Which really raises hope in people that its value will increase at some point and an investor then becomes aggressive in long-term investment. Even if an investor wants to, he cannot predict when the market price will be, because Bitcoin runs on a decentralized system. There are many currencies in the market that have regulators who control all those currencies, but in the case of Bitcoin, it is completely different. No one can ever control Bitcoin. And its supply and limited Bitcoin can be invested in through the DCA strategy. Which allows an investor to invest from a small amount of money. And there are no mandatory conditions for investing in Bitcoin, nor is it possible for any human to predict its future. But when investing in other currencies, you have to invest within some rules and at the highest and lowest limits. But in the case of Bitcoin, no conditions  is necessary.

[danieldavidd]

Let me just say this Bitcoin is being recognized as the strongest asset in the world of crypto market and because of the high demands from  the investors is completely different from other coins and it can be used as cryptocurrency bitcoin have a total maximum supply of 21 million of coin which is also different from other assets.

[Bitcoin-Forever]

Once you have created a new product and it becomes successful, others will also imitate you to do something similar to what you have created, and that is where the issue of coming across counterfeit products sets in. But always know that they cannot maintain value and performance the way the original product will in the market, because they are not as recognized as the first and genuine products you have created coming from you directly. This is why altcoins cannot withstand Bitcoin's place in the market in terms of market capitalization. Bitcoin is the major reason why cryptocurrency still exists today.

[devouring-DARKNESS]

* No founder or controller controlling it that will make it to be rear or scors in the market unlike other coin that have CEO's or MD's that control it.

You mean Bitcoin has 'no founder? Then who do you want to give Satoshi Nakamoto credit to? Or are you just tossing his contributions out the window? You are right that Bitcoin is not controlled by anyone and that is because it is decentralized, that was the aim of satoshi, to create a currency that won't be controlled by anyone but can be used as medium of exchange via p2p transaction. Bitcoin is decentralized, it has a limited supply, it uses Proof of Work (PoW), its developer is not known  which in my opinion is a great advantage for Bitcoin.

No founder or controller controlling bitcoin means that the founder of bitcoin isn't in control of the coin, context matters when trying to figure out what someone is saying so you don't misunderstand them and end up misquoting them, I'm pointing this out because I hate being misquoted my self because it's not the same thing as correcting me for my mistake.

Basically, bitcoin's entire creation worked in such a way that everyone involved (buyers, sellers, miners, holders etc) were collectively in control of the coin and when everyone is in control of something then no one is and this is why bitcoin has been and will continue to be above other coins out there currently becteven though others have tried to create something like bitcoin they've been to selfish to leave it out of their control.

[Son Of Blockchain (SOB)]

 There's one interesting fact i like about what makes Bitcoin the most relevant digital currency, which is that it's network remains the most secure, the Bitcoin's blockchain has never been hacked which gives individuals, institutions and even governments to trust it more than any other coin out there.
 Another thing you didn't add is the halving mechanism that happen every 4 yesrs, whereby supply is reduced and demand remains high, thereby making the value go higher and even influence the price of other coins too, Bitcoin is king of all.

[Gozie51]

This link will helpful: https://www.investopedia.com/ask/answers/100314/why-do-bitcoins-have-value.asp

But apart from fixed supply, first cryptocurrency, dominance rate, demand and supply, utility etc... What I hold more as the reason is that it is more expensive to mine one btc. To compare the energy and electricity consumption in mining one btc, it is quite expensive.


I read it cost about $80k on average to mine one bitcoin currently  



So miners won't sell lower. It is only natural that bitcoin will be more expensive.

[Callido]

Bitcoin as you all know be the most valuable coin in the world presently and is the coin that most people stakes higher money or capital on. As he be I don't think there is any coin that will come close to it in valuation and here is what Bitcoin has gotten that most of the coins don't have

Bitcoin is the most expensive crypto out there because it has more potential than any altcoin you want to compare with, Bitcoin has a high demand because it is used differently, both individuals and institutions, including governments, are interested in Bitcoin's wide adoption. 

Bitcoin is also scarce, fewer Bitcoins will be mined, and in circulation, there is no admin to farm new coins because they want to make profits or pay the devs. Those who support the network receive their rewards as miners, Bitcoin wasn't designed to print money for those who created it.

[Somto9Light]

We already know why bitcoins surpassed other coins or cryptocurrency which includes it's daily adoption rate is higher than any other coin you can think of, it has slow volatility which means even if the price is falling it wouldn't have so much effect in your investment and it has the tendency to rise back unlike other coins that can rise and fall and be finding it difficult to rise again. Bitcoin is becoming more valuable therefore investors want to buy it and hold before the price will start skyrocketing. Imagine having 1 Bitcoin and knowing that it's worth over $80,000 unlike the other coins that the highest is below $3,000 in price.

[Sammysmart001]

But apart from fixed supply, first cryptocurrency, dominance rate, demand and supply, utility etc... What I hold more as the reason is that it is more expensive to mine one btc. To compare the energy and electricity consumption in mining one btc, it is quite expensive.

As mining costs are high they don’t dictate the price of Bitcoin. This is common misunderstand of how markets do work.

What a buyer is willing to pay on the open market is what price will entirely determined. Let say a number spends $80,000 to mine just one bitcoin, but the market at the other hand is only willing to pay $60,000, you see that the miner either sell at the $60,000 or either hold. You see that the market does not really care about how much electricity the miner used.

If bitcoin price goes up mining becomes more profitable. So this makes more miners plug in machines, and increases competition and also drives the cost of production.

But in all, the price of coin always takes the leads and the cost to mine it simply follows up.

[Nijarkk]

Since Bitcoin is the first cryptocurrency to be invented, it is natural that it will have a separate value. However, Bitcoin's decentralization and fixed supply in particular have set it apart from all other cryptocurrencies. Now people think of Bitcoin as gold. Perhaps we often hear many people say that Bitcoin is digital gold. Bitcoin acts as a hedge of asset value to maintain the value of assets like gold. Perhaps the day will come when Bitcoin will be used directly for transactions. People will then consider Bitcoin as a commodity and accept Bitcoin as a medium of exchange. Honestly, I am looking forward to that day.

[Marykeller]

As Bitcoin d so, em get no comparison. Na why em be number one and get people trust all over the world so. I trust em go remain that way for long for people to think of having Bitcoin as their store of value so.

It is the only coin that if you get anybody wey kno say u get go give you senior man respect.

Make person no think of this statement as a compliment because na then your life go on danger as em get people wey go d think evil against you on how them take away your Bitcoin from you.

On that note, peso supposed not to reveal or tell anyone sae they are hodling Bitcoin

[hmbdofficial]

~snip

Bitcoin has many unique features that really made different from other cryptocurrencies, it has a founder actually, but the founder doesn’t control the network. And no company or any CEO can just come and change its rules alone without a full consensus agreement.
New bitcoin comes into circulation through mining rather than being distributed from a founders pre mined allocation like some other crypto projects. And because the mining requires some specialised equipment and resources, it’s not everyone that would be able to mine profitably.
Finally bitcoin’s long history and strong network security, decentralisation and limited supply have is what has built the confidence in it, but it actually doesn’t mean that the price cannot fall or that the investors cannot lose money.