I was just scrolling through the 'Hot' section and came across your post, and wow, great article! I've been wondering about this myself. I started this year with a little bit of BTC and LTC and when LTC rose to $30 I sold them, and started trading back and forth between various crypto's. But I've had a lot of old coins in the past too, which are now booming. Dogecoin is one of them, Reddcoin was another I mined way back in 2013/2014. I sold those for BTC as well. But looking back, I really wonder about all my sales... sometimes it feels like no matter what, it's always better to just hodl. Even the shittiest shitcoin seems to explode, as long as you're patient enough to wait for it.

I'm baffled by it myself, it makes no sense logically, except if it's all due to large investors who just decide to invest in 'the entire market' instead of specific crypto's. There are those who do not investigate much, and instead just buy a bunch of every cryptocurrency. It's worth losing 2/3rds of all investments, if the remaining 1/3rd goes up 100x, perhaps?

And seeing Dogecoin with the numbers you calculated: wow, I guess they are right.

Anyway, as I was saying.. I was scrolling through the 'Hot' section and saw your post and liked it. Checked out your profile and saw you write opinionated pieces about crypto, which I like too! I decided to give you a follow. I have a similar repertoire of articles, feel free to have a look and perhaps you'll see stuff you like as well!