08-27-2021, 11:33 PM
Why do people still buy BTC?
<!-- SC_OFF --><div class="md"><p>Let me start by saying I am still a noob and I don't claim to understand much about this space.</p> <p>To me, it seems like the only "advantage" BTC has going for itself is it being the first cryptocurrency. Besides that, I feel like it's just outdated, old technology all around. Slow, high fees, wasting a lot of resources. I could not think of a single use case where it's still the best solution there is.</p> <p>I would have expected the price for BTC to go down relative to other cryptos. Does not seem to be happening, it's still the "big daddy". Am I missing something, and BTC is still amazing for some use cases? Or is it just the delay before people realize that there are better alternatives for every use case I can think of? I know no one can predict the future, just interested in your thoughts on that.</p> <p>EDIT: Can't answer to all of you but thanks a lot for all the input! Reading it all! Have to admit security proven over a long period of time is a point I missed, it's easy to be secure <em>in theory.</em> Also decentralization, although I am not yet sure if it's just because it's the oldest coin, and in turn got the most nodes in the network, or if there is something in the protocol that makes it more decentralized by design. But one of you fine people will tell me for sure!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/afunkysongaday"> /u/afunkysongaday </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pcjpft/why_do_people_still_buy_btc/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pcjpft/why_do_people_still_buy_btc/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Let me start by saying I am still a noob and I don't claim to understand much about this space.</p> <p>To me, it seems like the only "advantage" BTC has going for itself is it being the first cryptocurrency. Besides that, I feel like it's just outdated, old technology all around. Slow, high fees, wasting a lot of resources. I could not think of a single use case where it's still the best solution there is.</p> <p>I would have expected the price for BTC to go down relative to other cryptos. Does not seem to be happening, it's still the "big daddy". Am I missing something, and BTC is still amazing for some use cases? Or is it just the delay before people realize that there are better alternatives for every use case I can think of? I know no one can predict the future, just interested in your thoughts on that.</p> <p>EDIT: Can't answer to all of you but thanks a lot for all the input! Reading it all! Have to admit security proven over a long period of time is a point I missed, it's easy to be secure <em>in theory.</em> Also decentralization, although I am not yet sure if it's just because it's the oldest coin, and in turn got the most nodes in the network, or if there is something in the protocol that makes it more decentralized by design. But one of you fine people will tell me for sure!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/afunkysongaday"> /u/afunkysongaday </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pcjpft/why_do_people_still_buy_btc/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pcjpft/why_do_people_still_buy_btc/">[comments]</a></span>Kind Regards R