It has become clearly evident that bitcoin will dominate the world as the global number 1 cryptocurrency, that's is OK with me.
BUT...
what I am finding really frustrating is all the retail, and institutional money that will only ever flow into bitcoin and will never, ever touch any altcoins.
Sure bitcoin is the master, the supreme, the original crypto, but for gods sake, its now the only cryptocurrency.
Surely out of the 2000+ altcoins, some of these will be almost as powerful as bitcoin.
The altcoins have been smashed of late, purely by the greed of bitcoin, sucking up the global fiat money.
Every altcoin has been sold off and money shoveled into bitcoin. WHEN IS THE PAIN GOING TO STOP!
I have lost so much money on my altcoin HST decision token, purely based on the greed of bitcoin.
Please as an altcoin investor, please stop hurting us, this is so damn cruel.
Your statement is only shows that you are a newbie in this industry. Whales are converting their tokens if they notice the fluctuation of bitcoin. We knew that we were just passed the transitional period of bear season. And the first thing that whales will buy is bitcoin because bitcoin declares the movement of all cryptocurrency. It was stereotyped already in bitcoin that it is the king of crypto and as a king, many whales are supporting it. In short, altcoins are just second option in this market.