It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).
That's bullshit.
There is no need to diversify into shit coins. Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?
Paper is only big in btc due to futures.
Hodling sw and ln by falling dominance from 99% to below 40 and from absolute value near 20k to below 6k speaks all for your 'bright mind'.
Have more fun.
Yes... grasping at straws in your attempt to continue to bash on bitcoin in this correction situation... Hopefully, you can get some pump in the alts, even though they remain pump and dump shit, just like I mentioned. Point the fingers at BTC might be your distraction, when you fail and refuse to recognize bitcoin fundamentals being above and beyond superficial talking points that are largely present in the alts.
Regarding your paper assertion in bitcoin, yes, there are certain kinds of financializations that are being built upon bitcoin, and that can hardly be helped. I would think that the smart investor is going to continue to be the one that holds the actual bitcoin rather than any kind of fractional reserve that might be permisable through futures contracts.
Regarding segwit, you are completely full of air and non-substance if you think that there is some kind of fundamental problem with the off chain (and second layer solutions that that fuels).
Who gives a ratt's ass about phoney ass market cap fundamentals that attempt to portray some kind of meaning in the share of various alt coins... Throughout this 99% to 40% and back to 50% process there has been a lot of shit coins added to the mix, and who gives a shit. Bitcoin has remained king throughout, even if some folks happen to get distracted into alt coin pump and dump imitation projects.