The time has come when people start to realize that Bitcoin is the only Cryptocurrency which could actually give everyone the Power of Freedom from the orthodox manipulated financial system..
But the market is easily manipulated by people behind the pump-and-dump schemes. See for example the current downtrend of Bitcoin. With FTX's bad news, the price easily bottomed to $15k+.
The cloud is clear now, and every crypto enthusiast has to go through this phenomena of switching back again from investing and trading into Bitcoins rather than altcoins, where everyone could have a share of his own happiness of safety and security..
I don't find it wrong to trade with altcoins, the reason behind trading is to get profit, so why disable the option of getting more profit and fast phase trading that can be observed in altcoin market. We just need to be vigilant of the scam projects and frauds that disguise as cryptocurrency projects.
Most Altcoin Exchanges sustained for a period of 1-3 years , and somehow are on the verge of getting closed, due to this (fraud to innocent people)
There is always rise and fall of a company, even company that take advantage of Bitcoin shut down. Company bankruptcy is normal.
One more thing according to my observation people have not even taken a grasp of Bitcoin completely 3-4 years back when this all hyped altcoins and exchanges came into market with the intent of making fortunes in a jiffy, where is some has already managed to do so, on the people's money..
So you are saying you fully grasp Bitcoin completely?
"Its rightly said, Only One Cryptocurrency can replace Bitcoins and that is Bitcoin Itself"
I always believe that in due time, another cryptocurrency will take over Bitcoin's dominance. There is nothing constant in this world but change. and besides, you cannot replace yourself same goes with Bitcoin.
Let's hope Bitcoin should reach to maximum people and everyone should feel safe and secure like always ...
We all hope this thing to happen, more adoption, more demand, which will result in higher prices and thus more profit for early takers.