Quote from: decenken88 on August 18, 2021, 12:15:08 AM

Greetings,

I just finished reading the Bitcoin Standard and am seriously considering restructuring my crypto portfolio as a result (not solely as a result of the text, but due in large part to it--I have other reasons which revolve around a fear of the effects of gov't regulation on the market). Since late 2017 I have been faithfully DCAing into BTC and 5 other projects that I have been able to research and understand as best I can. I've always been somewhat troubled by the centralized nature of some of these ALTs (ETH, ADA, LINK, DOT, ATOM) relative to BTC, but I invested anyway believing that these particular projects will have a strong role to play in the spheres of smart contracts, DeFi and overall blockchain tech adoption in the economy, generally.

So my thinking is to dump my altcoin holdings for BTC and continue DCAing into BTC only; (also feeling a srong desire to become a node operator in order to do my small part to protect and nurture the network as an aside). Bitcoin was my first love in the world of cryptocurrencies back in 2017 when my brother told me about a somewhat obscure digital form of money trading for a price in the low 4-figures; I dove in immediately based off of his brief description of it to me and a few articles that I had read. Immediately I was drawn in because in my mind it represented an alternative (and a giant FU) to the only real game in town, namely the almighty US dollar which has been in a state of decay for decades as a result of mismanagement. Over the years I have researched further which has only served to reinforce my belief in BTC and what the network stands for. Truly, we are all privileged to be living in a time where such a revolutionary concept has been gifted to humanity.

As for the plethora of altcoins out there, and, in particular, the few that I own, I worry about the long-term future of their viability. At the time of this writing, it seems as if the sky is the limit and these projects are not only growing, but here to stay. However, things aren't always as they seem and I'm starting to wonder if it may be more prudent to dump and invest solely in BTC which I feel provides the most benefit to society and potentially has the most durability.

Anyways, any feedback is appreciated. Call me a crazy bitcoin maximalist, tell me I'm making the best decision possible or anything in between

I like the allegories used by Lisa N. Edwards who has drown analogy between different blockchains and the roads people drive on and various coins with car they drive on. As she said bitcoin is like a Porshe on that roads while some other alt is like a Prius. Notwithstanding the fact that Prius saves gasoline "more people like Porsches over Prius". So, you are a not "a crazy bitcoin maximalist". You just prefer Porsche over Prius.