The alt coins are almost uniformly just trash. Little innovation, centralized or both. At worst, 90% bitcoin, 10% alts.
What altcoins you talking about? I mean ETH, XLM, XRP after SEC maybe.
invest in 34k and in 1 dollar - different things, you know.
I'm talking about pretty much all of the alt coins - they are centralized either in mining (or equivalent) or in the developers etc. Even ethereum is highly centralized although it is one of the better alts.
I'll say it once and I'll say it again:
the market doesn't care that much about decentralization. At least, it's not a limit to upside potential. Anyone with a brain can see Ethereum is already highly centralized, and its blockchain bloat is going to make node centralization a serious problem in the future.
Yet, its network effect only grows and grows, and institutions are buying in now too. "Ethereum killer" talk reminds me a lot of "Bitcoin killer" talk several years ago. Not to mention the accumulation incentives being baked in with hybrid POS.
It's going to the moon regardless of centralization. My portfolio will always be heavily weighted towards BTC because it's my savings, but others (like ETH) do have more upside potential.