Bitcoin is good because there is a fixed supply. The scarcity of it means basic supply and demand market mechanics are in play. It’s price is volatile because people with a lot of money can move the price easily by simply buying and selling large amounts of it. The value has steadily increased year over year though, and eventually there will be sufficient market depth which will help stabilize prices. It’s also good because banks can easily prevent you from accessing your own money. When your money is in bitcoin, no one can confiscate it, or charge you negative interest rates on it.
Lots of new coins claim to be the next bitcoin, but the truth is, bitcoin is the next bitcoin. Look up the user aantonop on YouTube for why this is the case.
Lots of new coins claim to be the next bitcoin, but the truth is, bitcoin is the next bitcoin. Look up the user aantonop on YouTube for why this is the case.