Diversifying is a new meaning when it comes to crypto currency. Alot of crypto coins out there now. is it the generation of diversifying your portfolio. Now the average investor don't have to invest in Bitcoin if they don't want to. They got dapp coins. Privacy coins. Cloud coins. So many coins. U don't need to invest in one place anymore. Any bull run can give u net gains of over 2000% in a single night. Only if targeted by luck.
Yes, we have a lot of altcoins but they seem quite similar. they are also exchanges, they are also purses with smart contracts and some improvements in blockchain technology, ...
We have a lot of choices but don't have a different choice.
that's why many people say this is a virtual market. Investors only target the signal to buy, not the value of the business.