Investors have gone out of their minds to be selling altcoins when they are down 90 to 99 percent, but what I cant believe is nobody buying them.
Shitcoins dont store value.
Bitcoin is being devalued currently and will decline while the shitcoin holder's go broke.
Then Bitcoin will have money coming in again by people that want to store value in a decentralized protocol with limited supply.
People "investing" in shitcoins will continue to leave while they lose money and the scammers that sold them shitcoins go broke or hide from authorities.
There is no value in shitcoins because they aren't bitcoin.
btc is just a coin , it has no magic powers, it can die like any other.
FYI:
If it was a store of value, where is the rest of that $20000, that it used to be worth, hmm?
If you don't understand the difference between an ERC20 token and bitcoin, posting here won't help you learn that.
Reading will.
Rather than argue with someone about the difference in value proposed between the two (hint: one is designed to securely store value and send transactions, without the need of 3rd parties -- the other is shit), leave Murad Mahmudov and his discussion regarding the value proposition as a primer.
https://www.youtube.com/watch?v=UMK_A0mF8PQ
There are more than subtle differences between a blockchain that has 10 years worth of securely storing and transferring value between people without the need for 3rd parties and a blockchain that has been created by noobs trying to ride the "crypto" craze.