The altcoin crowd insists that people with a lot of bitcoins can and do "diversify" their cryptocurrency holdings by exchanging them for altcoins, thus making bitcoin somewhat of a "reserve" cryptocurrency.
This would also give those mining altcoins a nice market to convert their coins to btc and subsequently cash out.
I guess the question is, if bitcoin drops, will everything drop? Or will spreading your stake around the altcoin minefiled be enough to protect against huge losses?
This would also give those mining altcoins a nice market to convert their coins to btc and subsequently cash out.
I guess the question is, if bitcoin drops, will everything drop? Or will spreading your stake around the altcoin minefiled be enough to protect against huge losses?