My First thread: What people fail to understand about Bitcoin vs altcoins.

As the demand for Bitcoin increaces the price also appreciates which tends to drive more people into Bitcoin creating a positive feedback loop.

Liquidity is king!! Platforms and derivatives markets are being built around Bitcoin which will enhance liquidity and allow for miners to hedge their risk. This will also lead to better price discovery.

There will be a point in which Bitcoin is apart of everyones porfolio. A 1% allocation rebalanced quarterly. Driving even more demand for Bitcoin, this demand will put even more downward pressure on altcoins.

As Bitcoin price continues to increase, altcoins priced against Bitcoin will continue on a path lower. Exhibit A:

Those pricing their altcoin holding in USD might continue to feel as if they're not under water or they're "up" however it is naive to price against a depreciating asset.

The USD and it's purchasing power has been on a downward trajectory for decades and continues lower even today. It would be a fool's to continue to price your altcoins in USD.

Time to dump your altcoin holdings along with your hopes and dreams of being rich. Buy Bitcoin and discover sound money.