Why is bitcoin dominating the market when we have other cryptos that do the exact same thing(some are even better yet cheaper)? It doesn't make any sense to me...
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Why is bitcoin dominating the market when we have other cryptos that do the exact same thing(some are even better yet cheaper)? It doesn't make any sense to me...
First mover advantage and everything is tied to it still.
Right, "tied to it" also means you still have to buy BTC to purchase most alt coins. Often when BTC goes up, it then immediately gets distributed down to the alt coins. Over time, if they don't compete they will get beat.