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RE: Why Bitcoins percieved scarcity of 21,000,000 coins is a falacy: But has worked for now
Price is not in a 1:1 relationship with quantity. Supply and demand is the key here. You seem to be neglecting demand and why there's plenty of exponential demand growing. Honestly, you could get inundated with info here with many different assertions as to why Bitcoin has a different fiat price than other coins right now. I suggest that you read up on what Bitcoin IS and what is facilitates, and that it's the Big Daddy of the cryptocurrency world, with hundreds of copycats, and plenty of differentiators to add value and functionality where Bitcoin lacks. Good luck!
Thank you. I admit I have more learning to do and that bitcoin is the big daddy. But who is to say that Ethereum, Litecoin, Ripple, or something to be released will not surpass it? If this happened, wouldn't this halt the exponential demand for bitcoin?
Yes, of course. First to market is good, but it's not invincible. Other coins serve similar or vastly different purposes. Anything can grow to overtake anything if the economy adopts it.