Why Bitcoin remains and will remain the most valuable crypto currency.

With new comers into this space everyday, there's a lot to learn. One of the common questions is why is Bitcoin the most popular cryptocurrency? What gives it value over others despite the fees and speed?I started typing this as a reply and then realised it probably should be its own post.There are many factors why Bitcoin remains popular despite the competition, some more obvious than others.First. Being the first means it has the strongest network effect. The Bitcoin name is on the news regularly, this is free marketing and has become widely known. Any newer crypto will have a hard time to compete for this air time.Solid fundamentals. The other networks are either under used, hence why fees are low. Or the claims made by other networks regarding improvements over Bitcoin come at a compromise of one or more of Bitcoin's strengths.Decentralisation. No company or people are in charge of Bitcoin so it can't be sued or taken down). And the rules can't change at the whim of an influential leader. This gives Investors long term confidence and predictability of its Blockchain rules.Security. The Bitcoin network has by far the highest POW hashrate, keeping the network secure from attacks.Fixed supply. The 21million Bitcoin cap makes it rare, super rare actually compared to most other networks.No pre-mine. A lot of cryptocurrencies have been pre-mined by their founders (such as the 70% premine of Ethereum, or XRP created 100billion tokens at launch). This should be a red alert as makes distribution unfair enriching the founders. Premines are not something that gets talked about lately but creation of tokens out of thin air is what central banks do today and what proof of work fights. If something takes effort to do, it should have more value than a pre created token.Deflationary. The shrinking supply of Bitcoin over 4 year halvings, whith increasing demand is a moon recipe.Each one of the above could be further expanded but I hope this makes it a little clearer.If the only priority was speed and cheap transactions, why reinvent Paypal?Said this, the Lightning Network is currently in the Beta stage and is being refined to provide just that. Bitcoin cheap and fast transactions already exist in wallets supporting LN, such as Phoenix, Breez and Blue wallet.Why does Bitcoin have value to you? via /r/Bitcoin https://bit.ly/3oxwgd2