Why is BITCOIN more expensive than other cryptocurrency?

[jonald_fyookball]

adoption rates.

often times the first thing to the marketplace, that gets the most adoption is the one that does the best. at least until something replaces it.


why is amazon.com #1  and not walmart.com ?   why is youtube #1  and not dailymotion ?  its not just that they are good products and services, its that they got to the market first and thats what everyone uses.

Why is facebook #1  but other social media sites that have offered more than facebook flop...again, facebook got there first.

The first doesnt always win, but so long as they dont muck up heavily, they usually remain a powerhouse.

This is absolute BS.

Facebook was 2004, Myspace was over a year before that.
Walmart.com was 1995, Amazon was the same year

Don't make up things to prove a point when you aren't even using accurate examples. The only one you got correct was YouTube.

First mover advantage is real though.

[ranlo]

adoption rates.

often times the first thing to the marketplace, that gets the most adoption is the one that does the best. at least until something replaces it.


why is amazon.com #1  and not walmart.com ?   why is youtube #1  and not dailymotion ?  its not just that they are good products and services, its that they got to the market first and thats what everyone uses.

Why is facebook #1  but other social media sites that have offered more than facebook flop...again, facebook got there first.

The first doesnt always win, but so long as they dont muck up heavily, they usually remain a powerhouse.

This is absolute BS.

Facebook was 2004, Myspace was over a year before that.
Walmart.com was 1995, Amazon was the same year

Don't make up things to prove a point when you aren't even using accurate examples. The only one you got correct was YouTube.

First mover advantage is real though.

Until something better comes along (such was the case in the above scenarios). I was just pointing out that the information he was using to justify his reasoning was completely incorrect.

[franky1]

its not about first mover at all.

its about utility.

show me 30,000+ businesses that accept dog or nxt.
show me atleast 2 dozen places to swap altcoins for fiat
show me a altcoin forum that has more posts and discussions then this forum

show me games that are not copy and paste jobs (EG dragons tales) that accept altcoins
show me proper large scale use of an altcoin.......

bitcoin is NOT expensive, its altcoins that are too chap and/or worthless

[BittBurger]

Most Bitcoin newbie ask this question:
Why is BITCOIN more expensive than other cryptocurrency?

Bitcoin was the first in the market, that's why you are starting to see a lot of fortune 500 companies starting to support Bitcoin.
Sure, once in a while, they'll throw money around on the table to support other cryptocurrency coins.

1)  Your username is an advertisement to your website.
2)  You create tons, and tons, and tons of new threads with silly questions or news articles everyone has already read, most likely so people see your business.
3)  You try to draw further attention to your threads by selecting a unique icon like a "thumbsup" so it stands out from the other threads.
3)  Naturally you also have a signature advertising your business.

You are here to get business.  

-B-

[MyPotPlantDied]

First mover advantage has a lot to do with it. Imagine if when the Cyprus crisis happened we had all the altcoins that we have today - no way Bitcoin would have shot up so much as quickly as it did.

But now it has by far the most money backing it in way of businesses, investors, developers, etc. so that's the reason it is still #1 !!

[ranlo]

First mover advantage has a lot to do with it. Imagine if when the Cyprus crisis happened we had all the altcoins that we have today - no way Bitcoin would have shot up so much as quickly as it did.

But now it has by far the most money backing it in way of businesses, investors, developers, etc. so that's the reason it is still #1 !!

No. Bitcoin is still #1 because none of the others are bringing anything truly new to the table (at least in terms of what matters). Anonymity? ASIC-proof? Lower energy usage? None of these are relevant in the overall picture. They are just to entice miners into joining.

[DoomDumas]

Simply because it's used by more than more than ten thousands merchhant if not hundreds thousands...
I guess maybe millions of humans overall..

Quite simple eh !!!

[jonald_fyookball]

Most Bitcoin newbie ask this question:
Why is BITCOIN more expensive than other cryptocurrency?

Bitcoin was the first in the market, that's why you are starting to see a lot of fortune 500 companies starting to support Bitcoin.
Sure, once in a while, they'll throw money around on the table to support other cryptocurrency coins.

1)  Your username is an advertisement to your website.
2)  You create tons, and tons, and tons of new threads with silly questions or news articles everyone has already read, most likely so people see your business.
3)  You try to draw further attention to your threads by selecting a unique icon like a "thumbsup" so it stands out from the other threads.
3)  Naturally you also have a signature advertising your business.

You are here to get business.  

-B-

So what?

[nzminer]

Bitcoin price initially was very low (like alts atm) in comparison to where it is today. Maybe some (a few) alts will also become a rocket like bitcoin. Also, if you look at the nature of things, it is always diverse, so I think diversity in crypto's not bad, but unity in diversity is advisable.

Far too many people think that altcoins are going to go up over the next 4 years. The issue here is that they are tied to Bitcoin. For the collective value of altcoins to go up by 50%, BTC has to go up by 50%. This is because there can't be more value in alts than there are in BTC, or we'd end up with another partial reserve system.

Darkcoin hasnt followed that path however, demand for a coin is the #1 reason for price increase, if no one is after a partucluar coin, it has no value.

[Neg]

I think it's pretty obvious why it's the most expensive. It's bigger in every way.

[SOAD]

I think it's pretty obvious why it's the most expensive. It's bigger in every way.

It's not bigger in terms of amount of coins compared to some. Bitcoin just has the brand though and that's a big plus.

[kokoarm]

because people pay more for it?

[Neg]

because people pay more for it?

lol, well I guess it always comes down to supply and demmand  .

[bryant.coleman]

because people pay more for it?

People are ready to pay more, as they don't want to lose their money in some pump-and-dump shit-coin. Greedy people who invest in shit-coins, hoping to multiply their money by 100 times overnight will lose everything. 

[21pilot]

because people pay more for it?

People are ready to pay more, as they don't want to lose their money in some pump-and-dump shit-coin. Greedy people who invest in shit-coins, hoping to multiply their money by 100 times overnight will lose everything. 

in the late 2013 rally altcoins made a few people quite rich 
But nowadays you´re right that the hopes of increasing an investment by buying altcoins by  100 times are really delusional.

[justusranvier]

But nowadays you´re right that the hopes of increasing an investment by buying altcoins by  100 times are really delusional.

Altocoins believers want to achieve Bitcoin-like returns without producing Bitcoin-like innovations.

The only reason early Bitcoin miners got incredibly wealthy is because they were doing something that had never been done in the history of the species.

[gondel]

The anser is one:
Because BTC is the queen! It is better in every way then the others.
BR

[JJB]

It's more expensive because its in demmand and people are using and spending it.

[21pilot]

It's more expensive because its in demmand and people are using and spending it.

majority of bitcoin owners are currently holding their bitcoins instead of spending them.
(just look at the amounts the biggest bitcoin address contain -> probably all in cold storage = the BTC won´t be spend in the near future)

[nzminer]

But nowadays you´re right that the hopes of increasing an investment by buying altcoins by  100 times are really delusional.

Altocoins believers want to achieve Bitcoin-like returns without producing Bitcoin-like innovations.

The only reason early Bitcoin miners got incredibly wealthy is because they were doing something that had never been done in the history of the species.

The thing is that cryptocurrencies in general are very new and still in their infancy.

The way i look at it is that bitcoin was the first cryptocurrency, but that doesnt mean more technologically advanced coins wont come out, and indeed they are.

Bitcoin is quite inferior in lots of ways, especially speedwise.
In saying that, bitcoin still serves its purpose as a reserve currency, but dont expect it to be used in retail shops soon, no one can wait 10 mins to confirm a transaction.