I want to discuss about some general critera for altcoin investments. We all know some certain kind of affects on values of altcoins such as
1) grasshopper herds jump into mining new altcoins creating some sort of a volume in the short term but forming a stabilizing factor in the long term on the alt-economy having an important room in the ecosystem of altcoin living organisms. (sounds like I am a biologist but I am not
)
2) when bitcoin rises, a decent altcoin rises faster, when bitcoin falls, altcoins almost collapse.
But today I wanna talk about something else: leave all these kind of factors aside and just talk about the factor of mining profitability on the value of an altcoin therefore affecting the investibility (I made up this) of the coin.
Here is my theory: I believe that among the decent altcoins,
prices of the ones with low mining profitability tend to go up faster in the short term wheras, the values of the ones with higher mining profitability will tend to decline. If I were a millionaire, I would hire some statistician to investigate the theory by applying it on the current market data to see if it works. Since I am not a millionare, I will instead ask you guys, about your opinion, depending on your experience in the hope of useful answers. And I will further ask you to be open and not-be-shy-on-sharing-info as the truth is nobody really reads what we write here or so that there will always be newbies acting oblivious even if you give the best hints here (hei, ppl bought nxt right?). Cheers.
