I understand your criticism. Just wanted to make the points that:
➡️(Quality, non cherry picked, I just took the top 10) alts are going up and not down in cyclical context.
➡️They are going up slightly slower than $BTC overall.
➡️I don't get the alts bear and/or panic posting every single time $BTC.D makes a new high. It only encourages to sell into every single low (you should have seen this type of euphoria when $ETH hit sub 2k recently, and yes, I still consider $ETH an altcoin).
But it's okay because the latter two points are completely normal, healthy and good for the cycle and suggests it continues, and near the end, skews upside to alts.
Numbers do not lie, (quality) alts have been doing just fine.
I agree with you that, coins further down the drain, do a lot worse. Most of them in the top 100 are still in their bottoming range, not really making new lows for the cycle nor making new highs.
And that many coins beyond that probably are making new low after new low after new low, which happens every single cycle too.
Alts are indeed for risk adjusted buying (buy $BTC on the way down if you are unsure, such as in 2022, transitioning into 2023, hold into 2025 and IMO pivot this year, speaking on an investment timeframe).
And even though alts are not showing that upside benefit yet, anyone who is saying it's not smart to start a business, run it for a couple months or even a year at a loss or break even, to reap the benefits later and pass every competitor, later, is a bad businessman.
People who are bearish on altcoins and selling you the idea as if they're right because altcoin season hasn't come yet, are actually already losing.
I'll allow altcoin bears to be bearish when alts are actually in a downtrend (like in 2022).
Bearish against $BTC doesn't count for me. And even then..
With this post, I'll explain why being bearish on alts this cycle means you're losing and actually not even underperforming compared to $BTC.
And no, I am not cherrypicking. Let's keep it fair.
Just taking the top 10 alts (to keep it pure and fair, they are the alts bought the most by everyone, per very definition)
$ETH (rank 2) is up 3x from cyclical low
$XRP (rank 4) up 7x from cyclical low
$BNB (rank 5) up 3x from cyclical low
$SOL (rank 6) up 15 x from cyclical low
$TRX (rank 8) up 6x from cyclical low
$DOGE (rank 9) up 3x from cyclical low
$BTC is up 7x
So, if you just had a mixed bag of these alts versus just $BTC, you're doing pretty much equally well.
Silly 'altcoin' bears...
Now let's have this conversation again when $BTC.D is at 30-40% again, and you'll understand the truth of crypto: $BTC is not the fastest horse, but the safest horse.

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