I don't want to say that Bitcoin is not a good coin, I don't even have the right to say it,but I want you to consider that there may be coins which were designed simply better than Bitcoin in many cases with more powerful and efficient algorithms like STEEM for example with much lower/no fees and a lot of other advantages. Why would Bitcoin be worth more than them if you don't consider its popularity?
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If you look at the consumer market in general, It's always the product which is best marketed that wins, not necessarily the one which performs best. From a marketing perspective, feelings always beat logic.
Yeah, I know, I once have written an article about the role of feelings in crypto world. But if the feelings will start to vanish or change, then the collapse of some coins will be unavoidable.
Steem will never been worth anywhere near what Bitcoin is because it's created out of thin air and very few people actually pay for it because you can obtain it for free.
But I have to agree there are lots of better coins out there but Bitcoin is the one you need to buy these other coins and I don't see that changing anytime soon.
Where exactly is al this free steem?
Not in my wallet, i wished it was so easy.
In the whales wallets who can then sell it all off on an exchange.