Do crypto coins have a good technology and a good future? It's possible. But can the mass market of consumers handle it? Probably not, for the most part.
Nowadays, your average non-technical Joe Idiot gets his paycheck, it is direct deposited to his bank, and all he has to do is take out his card at the ATM to get cash, or swipe his ATM card to buy pretty much anything. That's the beginning, middle, and end of his financial concerns for the average day. Now you go telling him that he has to make an account on a currency exchange, send in scans of his drivers license, passport, social security card, and last 3 pay stubs and some recent utility bills to confirm his address, so he can even buy a crypto coin of any kind, and then he could lose money by buying and selling at the wrong times, and he will say "Screw that noise", and walk away.
The more technical among us understand how to buy and hodl and sell coins, and it's no big deal. But your average 9 to 5 moron walking down the street with their thumb up their ass won't get involved. The process of buying and selling coins is simply far too complex for the ordinary jackass. Even if they figured it out, they wouldn't fully understand the hows and whys of how it is done.
As for buying coins on the dip, I'm looking at which coins can give me the most profit, nothing else matters.
I'd like to buy 0.25 or 0.50 BTC, but if I buy at 3000, it has to rise to 6000 for me to double my money. That's a pretty big step. I want to own BTC but I'd have to get it CHEAP to have good profit potential.
If I buy Stellar at 10 cents, or Litecoin below $20, they don't have to rise as far to double, triple, or even more-ple my money.
Would I buy Ethereum? Maybe, but it would have to come down in price a lot, like under $30. Same for Monero.
I think Bitcoin Cash / Bitcoin SV is a load of crap, I probably won't buy any of them.
Tether price is always very close to $1.00 . So no profit potential there. Screw Tether.
I don't know anything about EOS, another top-10 coin on coinmarketcap, so I probably won't buy much, if any. What is EOS even good for, and more importantly, how can I profit from it?
You know what we need? Some collusion between some big money coin holders / miners and some big news media outlets. Publish a few stories saying the ETFs will never happen, maybe a big security flaw, or some other bad news, to crash the coin prices. Then the big buy-in happens at low low prices. Then the news media says "oops, our bad, the source of the story lied or was proven wrong", then make up some great news, and the profit train leaves the station!
The price of coins has stepped down a few times in the last few weeks, I am hoping for one more good step-down, then maybe it'll be buy-in time. Who knows?
I read stories of people whining how they mortgaged their house and lost big time when Bitconnect collapsed. Know what I say? Screw 'em. They had no business being in a market they had no knowledge of. As I have read in other places - "When your barber is getting in, it's time to get out". So true.
By the way -- if anyone here does know of anyone who is controlling or manipulating the market, I would appreciate a PM with an email address or something, that leads to me getting some inside information so I can better place my limited funds, and when can I expect to sell at the peak and profit out. I promise I won't tell anyone, that would not help my profits. Thank you!
