//[SERIOUS] People here that own NO BTC. Why not?

[SERIOUS] People here that own NO BTC. Why not?

I am interested in reasons and opinions of people that are bullish on crypto, but do not own any Bitcoin (BTC).Given that Bitcoin was the original cryptocurrency, has survived 10 years, has the highest marketcap etc, why not Bitcoin?Serious answers only please.This is not a “pump your bags” thread!Nor is this a thread for me to pump Bitcoin.Just genuinely interested!EDIT:Thanks Bitcoin skeptics, was good to read over all of these. I think I’ve read every reply and they largely break down as:1) I believe in Bitcoin but I missed the boat / I want to make more money2) Bitcoin was interesting but the tech isn’t fancy enough, ________ solves all of Bitcoins issues.3) PoW is wastefulMy summarised response to these are:1) Higher risk = higher reward. So betting on an outlier coin is riskier. Of course, you have to pick the right coin amongst 1000’s. However, IF your argument is that is that Bitcoin will raise in price, it’s just that some alts will raise more, then instead of going through the stress and increased risk of picking the right coin, you can simple leverage Bitcoin which you believe will go up as well. You can get 100x leverage on Bitmex. While that sounds risky, it is surely less risky than having to pick the right alt?2) Yes Bitcoin is simple. In fact as simple as possible. Bitcoin is being built as a nuclear proof base layer of a technology stack that will hopefully carry trillions in value. The base layer must be extremely robust, decentralised, and censorship-resistant. These are Bitcoin’s primary goals. To build a foundation layer of digital scarcity so robust and trusted that it can support a whole skyscraper of technology on top. Lightning Network is taking huge strides, (LN FUDders read this first) and you know the best thing about Lightning? If it completely fails, who cares? Bitcoin is unaffected. Such is the power of having a robust base layer and kick innovation up the stack.3) Electricity is powering your fridge/heating/car/christmas lights, you pay for it and use it as you wish. Miners pay for their electricity and use it as they wish, as is their right. Money is fungible, and money is stored human energy. Once you realise this, you realise why you don’t get to create new money without expending energy. PoS and other systems must also expend energy to create value, PoW is just the most straight forward and transparent way to convert one type of energy into the energy store that is money. It’s what gives money it’s value. https://ift.tt/2FbNoDN

I am interested in reasons and opinions of people that are bullish on crypto, but do not own any Bitcoin (BTC).

Given that Bitcoin was the original cryptocurrency, has survived 10 years, has the highest marketcap etc, why not Bitcoin?

Serious answers only please.

This is not a "pump your bags" thread!

Nor is this a thread for me to pump Bitcoin.

Just genuinely interested!


EDIT:

Thanks Bitcoin skeptics, was good to read over all of these. I think I've read every reply and they largely break down as:

1) I believe in Bitcoin but I missed the boat / I want to make more money

2) Bitcoin was interesting but the tech isn't fancy enough, ________ solves all of Bitcoins issues.

3) PoW is wasteful

My summarised response to these are:

1) Higher risk = higher reward. So betting on an outlier coin is riskier. Of course, you have to pick the right coin amongst 1000's. However, IF your argument is that is that Bitcoin will raise in price, it's just that some alts will raise more, then instead of going through the stress and increased risk of picking the right coin, you can simple leverage Bitcoin which you believe will go up as well. You can get 100x leverage on Bitmex. While that sounds risky, it is surely less risky than having to pick the right alt?

2) Yes Bitcoin is simple. In fact as simple as possible. Bitcoin is being built as a nuclear proof base layer of a technology stack that will hopefully carry trillions in value. The base layer must be extremely robust, decentralised, and censorship-resistant. These are Bitcoin's primary goals. To build a foundation layer of digital scarcity so robust and trusted that it can support a whole skyscraper of technology on top. Lightning Network is taking huge strides, (LN FUDders read this first) and you know the best thing about Lightning? If it completely fails, who cares? Bitcoin is unaffected. Such is the power of having a robust base layer and kick innovation up the stack.

3) Electricity is powering your fridge/heating/car/christmas lights, you pay for it and use it as you wish. Miners pay for their electricity and use it as they wish, as is their right. Money is fungible, and money is stored human energy. Once you realise this, you realise why you don't get to create new money without expending energy. PoS and other systems must also expend energy to create value, PoW is just the most straight forward and transparent way to convert one type of energy into the energy store that is money. It's what gives money it's value. https://blog.picks.co/pow-is-efficient-aa3d442754d3