We can't all win

I'm very bullish on crypto and have been in it for a while. I hold a fairly big percentage of my investment portfolio in crypto and I'm not going anywhere any time soon.

However, I would like to hear what others think about this.

For a token to increase in price there has to be buying pressure. People or institutions jump in, buy cryptocurrency and the increasing demand makes the price to go up. Basic supply/demand concepts so far.

Leaving that aside for a second, what gives cryptocurrency any value? Take a Walmart stock for comparison. Of course the concept of supply/demand is also a big factor in the stocks market, but when you buy a stock you're buying a portion of that company, meaning that if the company makes money by providing a service or selling a product, part of that money is yours over time in the form of capital gains.

With crypto is not the same. When you see capital gains (bought BTC at 16k, now it's worth 23k) it means that many people after you bought at a higher price until the local top. So your capital gains come from people transferring their money to your pockets, assuming you take profits right away. When people sell in profits, price goes down and many other people are left with unrealized losses.

Putting it simple. If there were only 10 people buying Walmart stocks, they can all make money (assuming the company is profitable), since a percentage of the company's income belongs to the shareholders. If there were only 10 people buying any token, at least one of them is going to loose.

What do you think about this?