Bitcoin drops, everything else drops: what’s the point of spreading?
They always tell us: "Better not to bet everything on a single coin!" Too bad that in the crypto world, when Bitcoin sneezes, all the altcoins catch the flu. But then, does it make sense to spread them across multiple projects? Partially yes: if a coin self-destructs (it happens, trust me), at least you won’t end up at zero. And then, every now and then, some lesser-known project takes off and makes you dream. It’s not the strategy of an economist, but in the wild west of crypto, having more horses in the race is better than betting everything on the one that limps.
— The Oracle of the Empty Wallet
