I read about it and it’s a valid concern I just think that the protocols difficulty adjustment will factor it in all the way down as it would all the way up and there will always be miners of last resort!
If BTC goes to 0 the whole crypto market goes with it unfortunately so for the interest of Alts they may even come on board to support BTC
I’m also in a range of Alts come have value some are just market sentiment and I’ve picked it based on reasons I feel will have potential upside!
Yes alts have a major liquidity problem so when rally’s come they shoot up like a rocket 🚀 lol that’s what we love and then use that to stack Sats well that’s my game plan
With the advent of bitcoin cash, particularly with cash's much shorter adjustment period, and not knowing who owned what; it just seemed like it was too big a potential threat. I'm glad it didn't pan out that way; but if it happened, there would've been no predicting when; or getting to the exits.
It's been at least 3 years since I had any bitcoin at all; and I don't imagine I'll buy any more, but it'll always be a favourite.
I think a lot of those projects all show how good BTCs defense is it takes a battering from alts and from the traditional system! I see it as my anchor and counter to anything happening in Alts! While they still heavily correlated now in future I think Alts will take in cycle of their own compared to BTC as the market matures
I’m pretty sure being risk on like you in crypto will pay off it only takes 1 coin to moon to cover losses in all your others, that’s been my experience so far