Those of you peeling at your Blockfolio now, probably are swimming in a pool of RED BLOOD.
BTC is there to laugh at your measly alts as you see their value ( in BTC ) go lower and lower. You were duped, you fked up, you poor, is crypto actually just BTC?
My opinion is that most likely not. If this is to rock the world from its roots and decentralize it, BTC can't be IT. It surely can be part of the whole movement, the leader, the visionary but crypto can not mean only BTC because BTC really can't do much for people ( beyond making a few people really really really rich). It can open your mind to the possibilities, it can make you think that maybe a different way it is possible but that's just navel grazing without something practical. And BTC is not practical at all.
For reason I don't want to get into...but gave us BCH, r/btc, r/bitcoin and endless articles and discussions, BTC can not do it all and anyway does not want to. In the end, some project must start to bring people into crypto by showing them that there is a better way and why. BTC doesn't do much of that.
So all thise "alts" are actually totems for projects that are promising stuff. Amazing stuff, mundene stuff, all decentrlazied, better, faster cheaper and of course, decentralized. A new internet, a new financial system, a new way to live and get the value that it is owened to you by corporations and various entities tht right now just use you ( weather you want it or not, likeit or not). Crypto promises a better world.
Buying into alts is betting on this future. It is painful too because probably you would have made more, much more, just by having BTC. So right now you look like a loser but maybe in a few years it will be your ticket to riches..or not. We can't know who or what projects will win out and when but I can not accept the idea that BTC is the only coin worth having.
Take Steem ( and steemit! ). This is one project that, despite all the criticism and slow progress and the various political fights we had over the year(s), it did something amazing: it brought A LOT of people into crypto. Forced us to learn, to evolve, to love crypto, alts and BTC. This had a real impact in people's life..from the payout to the chance to be part of the growth. It came at the right time, an amazing idea that still works and evolves. Steem is underrated right now in my opinion but also, its impact is not yet clear but I think it will be far-reaching!
Like Steemit there are more and more and more projects brewing, evolving, building. Eventually more and more will burst and start to matter. When there will be enough of those, we will be there.
Will BTC still be king? Maybe and maybe at value that we can not even imagine now, but there will be more alts at really good prices changing the world.
If this doesn't happen, I do not see how BTC will hold or why.
10.000$!!
