Bitcoin vs Altcoin
Bitcoin and altcoins are being divided by feelings of outsiders that is growing in the cryptocurrency community. People like Michael Sylor, who are outspoken Bitcoin supporters are now supporting Bitcoin by objecting to other Cryptocurrencies and are trying to set bitcoin apart from other cryptos, not valuing bitcoin itself.
Divide And Rule
The US Securities and Exchange Commission (SEC), which is insistent about classifying cryptocurrencies as securities and leaving bitcoin for various reasons, established the strategy to isolate bitcoin from the crypto community, and people are even falling for it.
The Great Divide
Although Sylor has the support of Bitcoiners in general, and they applaud his statements regardless of their meaning, other Altcoiners have now begun to criticise Sylor for his mockery. However, they are also targeting Bitcoin, which is a bad idea. Some members of the cryptocurrency community are responding rationally as well, without targeting any crypto, but they are not much.
Thoughts
Ultimately, people need to realise that the Bitcoin vs. Altcoin division will destroy the value of cryptocurrencies. The value of Bitcoin and the cryptocurrency market are both dependent on each other, as are other altcoins.
