Bitcoin needs the Altcoins and the Altcoins need Bitcoin to succeed and reach their full potential to help bring in mass adoption.
The Bitcoin maxis will tell you Bitcoin is the be all and end all of Crypto, but that is so far from the truth. Bitcoin is an investment and nothing else as there are so many Altcoins with genuine use cases. This trumps Bitcoin in my books as there is no point if there is no use case.
Bitcoin got the ball rolling and is the original Cryptocurrency and that is where it ends. No one can deny as an investment it is and has been tops but that may not be the case long term as I expect other Crypto projects to perform over the next decade.
Bitcoin at $20K is in many ways still a bargain knowing what is possible expecting it to achieve $200K plus in the years to come. I am a believer thinking it can reach $1 million and possibly more. For that to happen Bitcoin also needs the support of the Altcoins as they benefit each other in the Crypto cycle. How boring would it be if we only had Bitcoin and nothing else.
The Altcoins offer the masses their opportunity of earning their fortunes by being early investors as long as the project is sound and is useable. Useable as in having a use case that can benefit every day life. This is where the value is going to come from as the days of are numbered.
The more mature the Crypto market becomes the projects who have nothing to offer will be found out and fade away. The new investors will not be as gullible as what we have seen happen with so many useless projects. What we have witnessed this year with the likes of LUNA has been utter lunacy as this cannot be seen as investing as this is straight out gambling. A ponzi scheme that caught out so many losing a reported $80 billion.
I think all Crypto holders would have a goal of having 1 Bitcoin at some point but most will have their goals in the Altcoins. Bitcoin at $20K over a long period of time could do a 50 X from here but many of the Altcoins can do 100x or in some cases 1000 x so where would you rather have your investment? The difference is if you had $100K to invest you wouldn't just invest in Bitcoin as there are better returns to be had if you choose and select wisely.
At the end of the day as long as you are in Crypto does it matter if you have Bitcoin, HIVE or Ethereum? The answer is no as they all offer something different. The future is Crypto and we often forget that these are still early days.
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The project matters a lot and being earlier is another important part in crypto. Entry and exit is very important
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The Altcoin have used cases which places them in a better position. Bitcoin is mostly for buying and hodling.. an investment as you said.
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