Because a lot of people missed the 2016/2017 craziness or they didn't sell (I am included for this mistake) to take some profits, they are being doomsday prophets following the Bitcoin Maximalism dogma. So here is to the newbies and those who have trouble with math (I will be very rough with numbers just for an example):In 2017 Bitcoin went 20X up but the altcoin market went 45X up. Some of the altcoins went 200-1000X up. Ethereum went 40X up. Let's say the ration is 5:1 overperformance overall given that you didn't pick all the losers and scams from the altcoin bag.There are 3 scenarios given that an altseason can probably only exist in positive scenarios:Bitcoin goes up or sideways and altcoin season doesn't happenBitcoin goes up or sideways and alt season happensBitcoin goes down and alt season doesn't happenApparently if you are in this sub you must be thinking positively, it would be insane to be here and think that Bitcoin in long term is going down, you should sell.In those 2 scenarios now, you need to be more than **80%** sure that altseason will not happen again. If that was a poker bet, you need to be right 5 times and I only have to be right 1 time to make more money than you. If we repeat this scenario often you can understand why being on the 5:1 side is beneficial.So yes, if you are very very very very sure that altseason will not happen again (when it happened only 2 years ago so it's not something without precedence) you can bet all your money on BTC.
Submitted August 22, 2019 at 05:18PM
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