I have NEVER EVER supported the idea of buying XYZ coin then sitting on them long term for profit.
I think that "mETHod" of trading is foolish and far too risky.
I never have done that.
With the decline over time of the Altcoin scene since late 2013
It is now more than ever a horrible game plan.
BUT !
Sitting there and thinking ohhh ok i am a day trader.. who wants to profit.
Thinking ohh well i should spread my "investment" over 40 coins vs 4.
Is retarded.
I think all that does is make it far more likely to break even *maybe*
If you are trying to profit the way to do it is to take risk..
Focus on a coin or two and look at the picture short term and trade smart.
I KNOW many guys *acquire* coins one way or the other then bag hold them forever.
And i feel sorry for them..
That has never panned out too well and the idea that may change in the future is silly.
Seems to me the worse things get the more you long term bag holders chant how great the future is going to be..
Like ohhh one day a huge flood of people are going to come here (like in late 2013)
..and when they do ?
I am gonna be liek'z soo rich yo !
Mad Lambo's up in this bitch !
Straight MOON BABY !
And why again is this *magical* huge crowd of money clutchers coming ?
Wouldn't it seem to you guys the chances of that happening grow smaller as it gets scammeier around here ?
DENIAL
PS:
I have no coins.
About a month+ ago i sold off any coin i could sell to Bitcoin and gave the BTC to a developer as a donation.
I am not driven by money.
I am not a worthless insecure little fuckhead who's self-esteem is derived from material objects.
Nor do i need much to get by with.
And frankly i couldn't care less what people think of me or my earnings.
Why would i care what idiots who have that mentality think ?
The opinion of idiots is worthless.. worth less than your popular scam coin Ethereum LOL