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Ethereum Forum / Re: Would you sell the majority of your ETH to own an entire Bitcoin?
« on: May 17, 2024, 04:59:08 PM »I agree, bitcoin is expensive because supply is limited and is most popular because it is a pioneer of crypto currency. As the first crypto, Bitcoin has always been king, that's why the price of Bitcoin is so expensive right now. Maybe if we bought a lot when it was cheap, now we would be richThe price does not play any role at all, it just so happens that Bitcoins are simply the most expensive and most likely there will never be a cryptocurrency with the same price as Bitcoin and plus the fact that you have Bitcoin simply because it is more reliable than other cryptocurrencies, that’s why they called it the topic is exactly that.Bitcoin has an expensive price is not a coincidence, Bitcoin can have an expensive price because of the high demand and supply of Bitcoin also has an important influence on the price of bitcoin. Basically when something has limited supply and has a very high demand then it will make the price high, this is the exact reason why bitcoin has a high price.
Bitcoin has a high price only because Bitcoin was the very first of the cryptocurrencies; there are many cryptocurrencies that have a much smaller supply than Bitcoin and they may not cost anything at all just because they were invented much later than Bitcoin.