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).
How much are your beloved altcoins worth? How much is Bitcoin worth?
Actually, as I posted above, I am 50% overweight in bitcoin vs it's 40-41% dominance.
Bitcoin is worth 40.9% of cryptocurrency market, shitcoins+stablecoins are worth the MAJORITY (59.1%).
This is just a fact..and on Jan 2 20221, about 9 (not 2! months ago), bitcoin had 72% dominance, which means that bitcoin was very weak (relatively speaking) for 9 mo already. Not going to post anything about specific shitcoins-find it out for yourself, but some education regarding the issue is in order.