Why is Bitcoin worth $10,000?

Why is Bitcoin worth $10,000?
Apart from the branding, what makes this coin any better than other cryptocurrencies? Almost looks like it's all just speculation which means it is one big fucking bubble that some day will come to a huge crash like the .com bubble. What do you guys think?

Those nuggies look really damn good

Bitcoin is the AOL of cryptocurrency.
Now you tell me why AOL was valuable.

don't nugget the "dip". there will only be a flash crash.

Muh store of value

because it was the first ;)

>first coin
>longest pow
>most amount of hash power
>99% of normies dont know alts exist
>all fiat gateways are for btc
>majority of exchange pairs are btc
Etc etc

Inertia.

Because tethers will keep pumping till btc hits 1000000000000

That is where Bcore gets its value from

People give crypto value. When they realise they are only investing in other people's belief in the coin and withdraw, a chain reaction will occur and it will be 2008 all over again. But for bitcoin.

except you can't cash out
especially normies

Filthy no coiner

>apart from branding
nothing. thats why branding is value

Because it owned WCW wrestling.

Omg can you get McNuggets for breakfast?

Bitcoin is worth $11,000 thank you very much please stop spreading misinfo

Just how long do you think the transaction time will be ? 50 hours when everyone starts pulling out

It has a bunch of NEETs and autistic snakes devoting ALL their time to promote it.

because it has the best developers

Bitcoin IS crypto. 90% of people who know about Bitcoin couldn't even name another cyrptocurrency. And the majority of people don't give a flying fuck about the features of a coin.

I posted a thread explaining my answer to your question, asking for feedback, got shitposted to death instead.

basically yes, it's speculation. but the price incentivizes miners, which then adjusts the real value to the price. the real question is does the % increase in mining difficulty each year stay above or below the market index returns. basically, does it continue to increase in value faster than the market due to GPU improvements. maybe.... depends on the GPU engineers.

at this bitcoin has become a meme.

ur average person doesnt profit from using bitcoin. there is very little use for it apart from the store of value meme.

on top of that other coins are just better.

THIS

10k?
Nigga we close to 11k

>ur average person doesnt profit from using bitcoin

really? pretty sure holding is using

it was first, that's literally the only reason.

It is simple: Bitcoin has the largest network and most hashing power, therefore it is objectively more secure than smaller networks with less hashing power.

Bitcoin was the first, they have the name. Since everything is open source, they can merge or take anything from forks that works well and use it.