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 2021, 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.
OK what education do I need. You are nitpicking a period of time and saying that altcoins are the better investment? What altcoins are you talking about I will take a look at them and I will provide charts that show from its creation it has performed worse than Bitcoin and only recently in your nitpicked period it has performed better. 9 months is a very short time to compare and I can bet that the altcoin you are talking about will be hitting resistance very soon like Bitcoin has in its lifetime while it climbs higher which then Bitcoin will 100% out perform it. If you compare BTC to ETH and times that it has hit resistance then you will see that during times of hitting resistance BTC out performs ETH when it hits resistance. Comparing a altcoin which is not hitting resistance to btc who is is not a good comparison. If you could give me the altcoin we can start looking at charts and breaking down the information. You might be right and I need more education but without knowing the altcoin you are talking about I cannot accurately argument my side. If you give me a shitcoin that is pumping because of hype but will shortly die I probably will not go into the effort of breaking down the chart because by the time I broke the chart down it would have already crashed.