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We have been lucky to witness Bitcoin reaching its new ATH (all-time high) a couple of days ago, and we will probably see it doing that more in the future... I know some people that are thrilled with all this action by BTC as they hold some, but what about others? How can people who don't have BTC profit from this?
Some people are Bitcoin maximalists and they just invest in BTC, and they aren't interested in any other coin... Also, some people like a specific coin and accumulate only that one... And, in the end, some people like to diversify their portfolio, who are buying coins with potential, without involving emotions or favorite a specific coin...
In whatever group you belong to, you have to agree that Bitcoin is the grandaddy of all cryptocurrencies... Maybe it is too slow, and it has big transaction fees, but it is first, and it the most popular... And what is most important, when it goes up, it attracts a lot of eyeballs... And not only to it but to all cryptocurrency world...
And that is the best marketing that cryptocurrencies can have... That's the free advertising for HIVE, LEO, LBC, and every other coin out there... But, I would say that it does a lot for our decentralized social media platforms... Why?
Well, all those people that heard of Bitcoin for the first time, or that they finally want to come into the crypto world, all they need to find information from the first hand... Is there a better place than on the blockchain? We just need to welcome them and made them stay...
Check out the video for more thoughts on this...
Thank you for your valuable time,
~ph~
Music in video:
Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
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