guys, in bitcoin literally nothing happens if we compare with defi on ethereum. User experience and possibilities there (lending, dexes, pools and so on) are so far ahead.
the idea of 21kk bitcoins is out of date, no fresh ideas, no fresh blood in devs. And also absolutely centralised infrastructure around (exchanges). Lightening is fucked.
Bitcoin is one more tool for snx traders. And its price goes exactly according to s&p500. I hardly see reasons to hold the biggest share of my portfolio in bitcoin. Maybe I missed smth, help to get it. Thanks!
When I started reading your post, I thought you were genuinely concerned about the developments of Bitcoin but in the end I realized your concerns are solely related to market value of Bitcoin. If that's the case then you are very wrong to believe that coins like Ethereum have dynamic and organic market just because there are lots of developments going around them. Conversely, any cryptocurrency other than Bitcoin is much more subject to market manipulation. Prices of altcoins hardly depend upon the ecosystem and developments. Rather these are manipulated by the large holders especially since the derivatives have been introduced in crypto market.
Holding Bitcoin is still very profitable due to two reasons, first because most of the market swings of Bitcoin are organic and are the result of market demand/supply. Second, Bitcoin is broadly considered as currency and investment and that's why it doesn't require as much developments and releases like other coins.