Why is Bitcoin still the favorite among the investors?

in Ask.Steem2 months ago (edited)

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Despite there being thousands of other cryptocurrencies Bitcoin is still the favorite among many investors.

Given that the cryptocurrency market is known for many surprises whether Bitcoin will remain to be a favorite in the future is a million dollar question and your answer is as good as mine.

Why do you think Bitcoin is still the favorite among the investors?


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Because it has earned herself the necessary RELIABILITY reputation, having weathered several unstable periods triumphantly .

Yes you have mentioned most of the factors that makes Bitcoin the favorite among the investors. Do you think the first mover advantage and the fact that only 21m Bitcoins can be mined could have played a role in this?

Very interesting to know this from you . It nwans the value is enabled by artificial scarcity??

Meanwhile , has the 21million been exhausted??

Thanks indeed for this timely information.

I think it's because most of the people still relate crypto in first place with bitcoin. It's also mostly reported in mainstream media ... when they say that price of crypto is changing, they usually show the price of bitcoin in the news.

Yes @zorank, you are right. But there is reason why it is popular with the media and exchanges. Do you think the first mover advantage and the fact that only 21m Bitcoins can be mined could have played a role in this?

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