I am not a Bitcoin maxi or an Altcoin maxi as I believe they are both worthwhile investments. My bet is certain crypto's will outperform Bitcoin long term from this point mainly due to the real every day use cases they offer. I am not talking about cryptos in a set eco system, but ones that actually have to be purchased in order to perform a function. Logic and common sense lead me to these conclusions and why I will stick to this belief.
A prime example is holding VET as that generates the gas token VTHO which is the token required to transact on the VeChain. Without VET you would have to buy VTHO on the exchanges in order to process your business or personal requirements. Holding VET would be the preferable option as you would just generate your needs daily and thus the demand will rise especially for companies needing VTHO. This is a genuine use case due to having to have the token and why the price has to outperform Bitcoin long time. A crypto worth a few cents has the room to multiply unlike Bitcoin as it has already created value and will not do a 1000 x from here. Forget market caps as that is tossed out the window when it comes to real use case crypto.
The truth in order to be successful in crypto one needs to have a diversified portfolio and not the all the eggs in one basket scenario. This is how we spread our risk by having multiple investments. Back in 2010 buying Bitcoin was your only option and would have been a profitable one if you held onto your investment.
13 years later having Bitcoin is still a good idea, but not necessarily a must have crypto. I am hoping the prices still come down some more and maybe will entice me to try and buy 1, but my priorities have been fixed on other projects which I see as bankers for making a decent return. Who knows if the price does drop to a realistic bargain price then I most likely will scoop some up as I do have the funds overseas sitting waiting for the just in case scenario.
Don't get me wrong as I am in the camp that believes Bitcoin will be worth more than $1 million in the future even if it is in a few cycles time it will get there. That would be 50 x or so from where we are now and why I believe in other crypto projects first before Bitcoin. Bitcoin has never been a priority even though it would be great to own at least one.
Bitcoin I see mainly as a store of value and nothing else whereas other projects have real every day use cases. This I believe is where the real crypto value is going to be generated and 50 x the current price would be a disappointing outcome. This is why I am not sold on the idea 100% even though I know Bitcoin will do the 50 x in the future.
You can hold a Bitcoin or hold the equivalent in value in another crypto and come out far ahead of Bitcoin long term. Just looking at Hive because we all know and understand the project so well what would the price of Hive be when Bitcoin hits 100K or 200K? We saw a $3.41 ATH after Bitcoin hit $69K so surely $5 or 410 has to be on the cards within the next cycle. this is not guaranteed but then nothing is and why backing the right projects along with being diversified is that important.
I also tend to think decisions are made depending on the size of your budget as purchasing Bitcoin could leave you very short for everything else. I am not one to follow the crowd as doing the research is what makes me select my investments. This strategy I believe is the smart way of investing as the hope is everyone will come to your investments once they see the price moving.