I really don't understand anything. Many alts have gone 10, 20, 50, or even 75x in the past months while Bitcoin has done "only" a 2x and when we have a correction it gets linear to all cryptocurrencies. I expected the altcoin bubble to pop and start blowing into bitcoin but I am not seeing that yet.
I don't know if I was wrong or if that has yet to come.
What do you guys think?
I have been holding (my non-trading little stash) since 2013 so I will keep doing it no matter what but I am a bit confussed at this time.
It'll happen, give it time. A new form of money is a "shared hallucination" among its participants, and the more one is distributed and grows in value, the stronger it gets. The more the one is valued over the others, they will fall away and people will consolidate into the one with the most "shared" value (Bitcoin).
Folks in Altlandia don't understand this. I guess they think that one guy can own 80% of a overnight pre-mined coin, and if say 20 other dudes scoop up another 18% for pennies (since no one wanted it or cared) and then suddenly pump the remaining 2% to the moon, the "shared hallucination of belief" in its universal value is complete and cloned. It doesn't work that way. That is an illusion. No matter what the price is, 98% of a pre-mined, no-work coin is still owned by 21 people who have only held it for a brief period and who will likely dump it if it doesn't catch on with enough other people.