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October 29, 2026, 09:58:19 PM *
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Author Topic: Why Bitcoin Is still above all coin in price/trading  (Read 260 times)
Sammye3
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Today at 08:47:23 AM
 #21

A coin other than bitcoin is often referred to as altcoins and most of them lack fundamentals that give them long term valuations compared to bitcoin. A digital asset that was the first ever created should be the most valued by price, and it's limited supply of 21 million bitcoin also gives it that stability and value over a long time.

Bitcoin has a founder but not a controller, they are two different things because bitcoin is not under any central authority. Satoshi Nakamoto is regarded as the founder of bitcoin, though nobody knows for a fact who Satoshi is, and that makes it more interesting.











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Mummy OS
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Today at 10:21:11 AM
 #22

Bitcoin is decentralized which means that their is no central authority that is controlling it and that is why so many people are investing in Bitcoin since they are guaranteed of that full privacy they need when sending money and there will be nobody that will determine if their transactions will be successful or not.

Bitcoin price is not stable at all and this is also one of the reasons why we are seeing so many investors buying and holding Bitcoin because of it  fluctuating price that can make investors to buy at different prices creating a different that can yield profits. There are more profitable investors in Bitcoin which had been attracting other people to also invest their money.
BITBI-4
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Today at 10:26:37 AM
 #23

There are several practical reasons why Bitcoin continues to dominate the crypto market. First as the pioneer in the crypto space it has established a unique level of trust and brand value among people. Furthermore the total supply of Bitcoin is strictly fixed there will never be more than 21 million Bitcoins in existence. Unlike fiat currency which can be printed at will Bitcoin is viewed by many as an excellent hedge against inflation. Additionally the robust security of its blockchain network combined with massive investments from major corporations and institutional investors has solidified Bitcoin’s position to such an extent that it remains firmly at the top well beyond the reach of any competitors in terms of both price and trading volume.
IceLincoln
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Today at 10:48:18 AM
 #24

* 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.
Context matters, words too matters. The kind of words someone uses to convey their messages can obscure the meaning of what they intend to pass. I understand the feeling when someone misquotes you or misinterprets your intentions, I also don’t like it and that’s why we should do better in conveying our messages clearly.
Bitcoin was designed to be decentralised so everyone who owns it has control over what happens with their portion, there’s no central body in control but it is not without a founder.

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Jubilee58
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Today at 12:29:21 PM
 #25

Bitcoin is the first cryptocurrency ever created, and remains the mist valuable cryptocurrency also. It is so because it is a scarce asset with no one in control of it , not the owner , not also the government authorities. The price increase of Bitcoin is also linked to the high volume of demand among retail investors, institutions, and government. Looking at the cryptocurrency market, I even found out their are even more limited cryptocurrencies when it comes to total supply for instance, Yearn Finance( YFI), Kusam(KSM) etc, but yet these cryptocurrencies have dumped, and remained stagnant in their growth, and that is because their demand are very low, and lacks the interest of majority of the investors. Bitcoin is always growing from strength to strength in every bull season couple with the concept of total decentralization. With the position of Bitcoin in the cryptocurrency market, I don't see any other cryptocurrency surpassing Bitcoin in the nearest future.

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Today at 03:32:27 PM
 #26

You have discussed many reasons why Bitcoin is so expensive compared to other cryptocurrencies and people around the world have to adopt it but you still have some misconceptions about Bitcoin. For example: “Every Bitcoin has to be mined by everyone” This is not true. New BTC is created through Bitcoin mining but not everyone has to mine every Bitcoin and through this process verify transactions is secured. People can also buy Bitcoin from exchanges or other people like P2P instead of mining.

However, Bitcoin’s biggest strength is not only its high price but also its total market cap, credible monetary policy, decentralization, limited supply and network effects that have been built up over a long period of time.

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