I never touch alts because I don’t believe in them. And I can make bad decisions if I don’t believe in what I am trading.
I’ve got a stash of XRP, nowhere near as much as my bitcoin HODLINGS but would be nice to see it moon in the future.
I don't see any considerable ecosystem benefits of various shitcoins pumpening, even if my personal holdings might go up because of such pumpenings.
I understand that it is likely inevitable that several shitcoins are going to pump in the coming years, and that is why we cannot have nice things, and at minimum it will take 20 years for a decent portion of the population
to recognize the differentiating value in bitcoin, and more realistically it will take longer than 20 years, perhaps approaching 50 years (I will either be dead or close to dead by then, so if I am posting in this thread, then there is some kind of AI going on or my account has been hacked).
I don't get why you see the differentiating value and the potential value proposition of altcoins as mutually exclusive. Bitcoin will be the future currency, where equity 2.0 will be given in the form of altcoins that are traded against Bitcoin.
Although I guess the current market makes it extremely hard to see this future, I don't think that altcoins are generally speaking shitcoins. Even if some 99% of them in fact are right now.
Companies won't really be able to tie their equity to Bitcoin due to its volatility, but they could very well fix a shitcoin to their annual, or at some point even real-time revenue, operating costs, profits, inventory, etc., which will vastly improve the tools available to value investors who now have to rely on quarterly reports that may or may not be cooked. Just to name one tiny future niche that will be fulfilled by blockchain eventually.
The amount of shitcoins right now is no different from the amount of shitsites during the dotcom bubble (probably much less since we're nowhere near peak). Doesn't mean that everything was shit. Same story with every bubble, keep an open mind or you'll miss the bigger picture due to the hordes of incompetence, money grabs and outright scams.
