"People who invest in Altcoins are the losers of the Zero-Sum Game," said Saifdean Ammous, a famous cryptocurrency analyst.

He tweeted, "Cryptocurrencies is a zero-sum game, and if you're not Bitcoin, you've already lost." He also stated, that other tokens are not innovating, but merely copying Bitcoin.

He then said that Bitcoin(BTC) had rebounded more than 300 percent this year alone. So a smart investor will choose to invest in bitcoin.

According to cryptocurrency specialist Munib Ali, chief executive of Blockstack, said, "cryptocurrency is not a zero-sum game," adding, "Although Bitcoin serves to inspire other cryptocurrencies, not all altcoins are simply a copy of Bitcoin."

He added, "So far, cryptographic money such as Ripple (XRP) and Stella (XLM) have found significant use cases, particularly in more than 200 financial institutions around the world."

Eric Buhrhees, CEO of the Swiss cryptocurrency exchange ShapeShift, also responded to Amus' tweet and stressed, "This is not true. One chain cannot optimize for all variables and all desired attributes of a digital asset. Thus, multiple will exist, and further, while in part competitive, they are also in part complimentary and constructive. "Only BTC" is a weaker landscape."

The cryptocurrency market has moved forward from just being an alternative currency to fiat, to becoming an essential tool of value transfer and exchange globally.

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