Looks like a lot of monero shitcoin shillers are in this thread as well. Guess they are too blind to see that shitcoin is dying a slow painful death, very low trading volume and it is already inflated by wash trading. Barely anyone even cares about the privacy features either. STICK WITH BITCOIN FUCK THE SHITCOINS
That is a very short sighted philosophy.
You should see them as complimentary. If crypto was an undiversified market with a bitcoin as a monopoly it'd be as dead as a doornail. There'd be no hedges, no sector-specialised entry points, a million "Nouriel Roubinis" waving goulish scare scenarious at you that could never be field tested and no subsidiary industry to "buffer" the capital transiting in and out of the asset. Why is BTC not sitting at $500 right now ? Because it's being buttressed by Altcoin capital.
Altcoins probably attract far more value into bitcoin that what they take away. In fact many maximalists openly state that alts are "just a way to earn bitcoin" - hey ! they might be finally getting it.
P.S. Regarding Biodom's T/A above, I am of the "springback" view as well. Have been for a while due to the sharp correction we took shortly after the 20k peak. Given that there'd been a year of bubble building ( as opposed to 3 weeks like in 2013/14) I thought we over corrected. Add to that the Craig Wright "dumps" distorting everything, I wouldn't be surprised to see the "springback" scenario occuring.
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