altcoins are so funny. and i keep saying all of these alts are pump and dumps and they don't believe me. there are still so many people who think altcoins are the good for long term investment!
I'm pretty confident that Bitcoin will remain dominant in the cryptocurrency space. But not all altcoins are pump-and-dumps. And if you think that money will only flow into Bitcoin, I think you're mistaken. For every 40 or 50 coins that are launched, there is probably 1 or 2 long term protocols/suites that will become groundbreaking. Most 10,000x gains are not pump-and-dumps.
There are a lot of use cases that Bitcoin won't or can't address -- privacy, decentralized exchange, decentralized governance. There are entirely new methods for consensus that can, in time, compete with Bitcoin. I wouldn't write them all off, even if I think Bitcoin will capture more value than all of them in the long run. The market is diversifying, and I'm happy to go with it.
i mean look at these two screen shots!
That's like posting screenshots of Bitcoin during one of its corrections. Or during the entire 2014 bear market. You could also include screenshots during the insane bull rally in altcoin markets during the first half of the year.
These markets are cyclical.
