Alts ate bitcoin's lunch for the the last 9 mo and now getting to eat our dinner.
That's the main lesson vis-à-vis bitcoin in 2021 (so far).
If you forfeited investment in good alts, you lost a big chunk of this bull appreciation.
I know a couple (of mid and large cap) which did 100X in 2021 alone.
That's life-changing numbers if you were aggressive enough and took profits about now or in May (for some).
Pantera's Capital D. Morehead was right about this-kudos to him.
Maybe I should invest some in his projects...perhaps, not now, but during the bear phase when prices would be lower.
However, if we will continue to meager at 46-50K until the end of September, I might consider buying Dec or March out of the money call options on btc or maybe even a bit of a leveraged bet instead (not 80X, of course).
What are you talking about? how did altcoins 'eat Bitcoin for lunch' what altcoins are you talking about? Altcoins are shit coins and if you think that any altcoin can out perform Bitcoin then you are wrong. Even if you can show me evidence that altcoins have outperformed Bitcoin in the last couple of months then my argument back would be that you are nitpicking a short term to try prove and influence the data. How much are your beloved altcoins worth? How much is Bitcoin worth? The only fair way of comparing investing in altcoins vs Bitcoin would be to compare how many years they have been here and then take the entire data from that time period and compare it to the 1st x years of Bitcoin. You will see that Bitcoin outperforms every single one of them. Bitcoin will then outperform every one of them in the future too. How do I know this? because I am basing it on long term data instead of your nitpicked data. Bitcoin has proven every time it has been doubted that it is the best investment out there in the world. Better than stocks and better than any property you could ever build.