The sad part is every crypto projects are highly volatile minus stable coins and I think that's why crypto is a perfect haven for investment, it recreate opportunities over and over again which is why it's the perfect solution for making more money if you can understand how it works
The volatility part is why many vendors decide not to use crypto as means of payment but some who understands how valuable crypto can be in future still went ahead and implement crypto payment in their stores and businesses, a matter of choice I guess
You do not need to invest in that coins instead of selecting bitcoin for the investment. Although bitcoin is volatile, the only bitcoin that can give you a big profit in a long-term investment. So you can use the other coins for short term investment. If you can do that, you can have two types of investment which can give you profit. Who knows, bitcoin can also increase in the short term so you can make double profit in the short term.
It's because as a medium or payment scheme cryptocurrencies such as Ripple or BTC can be used specially in online transactions or any other ways such as regular fiat or credit card. And with that scenario, those can be adopted, hence the price can go up and be an 'investable crypto'.
That's why there are arguments against ETH, because they are not touted to be used like that, more on dapps. So they are not opposing, more of like each crypto has to serve different purpose.
That doesn't answer my question though. A coin would more likely be used for transactions if it was less volatile, rather than moving up and down due to speculative investment (like stablecoins), however a lot of projects encourage speculation with airdrops, premines, giveaways, etc.
It seems like im right in thinking that besides BTC, ETH, stabelcoins and a few other major projects that have ETH like qualities (in terms of building projects underneath them) the rest are probably going to zero at some point. Would love to hear some more in depth answers.
You already have the answer to use a stable coin to make a transaction in the payment system. Bitcoin, ethereum, and the other coins will have their volatility, but the stable coins will not have that. The new project wants to be the investment sides and not the payment system because the price is too volatile and always follows the bitcoin price moves.