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Author Topic: Numerous altcoins and tokens also a reason for bitcoin's downfall ?  (Read 120 times)
figmentofmyass
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January 14, 2019, 11:50:57 PM
 #21

I believe a lot of people had the though process of "BTC is too expensive" i best buy a cheaper alt-coin.

Like saying, Berkshire Hathaway Stock is too expensive, i best buy a crappy penny stock.

Can not believe the amount of people who bought into this Ripple (XRP) shit!

to me, altcoins are mainly about maximizing speculative gains. so i actually like them for the same reason i like penny stocks. buying blue chips means most of the speculative gains have already been realized. all you can expect is a reasonable return---not explosive exponential gains as a company goes from zero to hero. my biggest trades by far (%-wise) have always come from gambling on lower cap coins, not bitcoin. i store value in bitcoin, but there are much more profitable bets to make elsewhere.

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