A simple reason is enough to understand why it is good to make ourselves among he strong hands. People continue to buy whenever the market turn negative. At that moment fear too accompanies thinking whether the recovery will happen or not. The simple answer for this, we need to calculate the percentage of people into cryptocurrency last year and this year. With time the users have increased, usage have increased and so will be the demand. This shows the supply demand mechanism push the price harder.
What's crypto? We are talking about bitcoin in this thread.
Crypto is the hopeless attempt at copycatting the concept of Bitcoin in hopes they will create something even better. After all these years, Bitcoin is still at the top. Personally I am super ok with Bitcoin being at the top. And crypto itself serves as an everlasting, perpetual reminder that nothing can top Bitcoin. Especially in times when centralized exchanges are showing their real faces. And not only their faces but also the faces of the people standing behind them, waiting greedily with open hands for their share of the loot.
But you are right, this is the Bitcoin forum. Lets not talk about bad investments here.
There is no good crypto everything will be "shitcoin" too and right behind the concept they just want to imitate Bitcoin but basically they can't afford it with the hope that crypto will only be a display and can't be used more than Bitcoin, Crypto is a good investment it's not clear in my opinion except bitcoin one by one.
My view on Bitcoin: This coin is incomparable to other coins and this coin will stay on top with the biggest market capitalist whereas other cryptos will just be clones where they try on new concepts and innovations but again it will be meaningless though already in such a way that it is designed for crypto functions but they cannot exceed bitcoin as number one as our investment choice.
Crypto is a bad investment and this is obvious.
Bitcoin became the best once I know what it actually does.
And nothing goes beyond that.