Besides scarcity, immutability and the Lindy effect, Bitcoin has the first mover advantage, the network effect, it’s proven technology and it has occupied a space in everybody’s mind. When you think crypto , you think Bitcoin, that’s why is the more stable during a down market.

Bitcoin only does one thing but it does it very well. Other coins try to do too much and they’ll fail

--

--

--

Author of ´Bitcoin For Mere Mortals´ available @Amazon. Subscribe and drop me a line and I’ll send you a copy for free, no strings attached.

Love podcasts or audiobooks? Learn on the go with our new app.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Alberto Guerrero

Alberto Guerrero

Author of ´Bitcoin For Mere Mortals´ available @Amazon. Subscribe and drop me a line and I’ll send you a copy for free, no strings attached.

More from Medium

Is KYC a Big Deal or Not?

Why it is Nonsense to Say there is Not Enough Hash Power to Attack Bitcoin

Bitcoin will become America’s ‘savings technology’: A lesson from Costa Rica

Why Most Digital Currencies Will Fail