Everyone who buys Coins from the Top50 will stay poor

[Slow death]

it seems that the reason you created this thread is to encourage people to buy this altcoin that is called ModeFi, but leaving this altcoin aside, people need to understand that all altcoins are facing a lot of competitiveness in this market, altcoins have become a much riskier investment than you can think of, i only trust bitcoin, i use litcoin on certain occasions when i need to transfer money and i want to pay cheap fee and i need the transaction to be fast but i dont trust altcoins

Are you saying that altcoins are those listed in the top 50 altcoins on CMC(coinmarketcap) or coinecko? Because I think either of these two, all of the top 50 listed in their platforms, most of them you can make a profit doing crypto trading, maybe in that matter it depends on you which strategy to do you as an individual trader.

In short, you are wrong that those who buy coins that are in the top 50 remain poor, you are wrong there. I don't know what you are basing it on, but whatever it is, you better review it again dude.

OP knows he's wrong, the reason he created this thread is to promote this altcoin named ModeFi

[glendall]

Anyone who ever got rich in crypto bought cheap projects early before they were multiple billions worth.
 

this kind of mindset is very detrimental in my opinion, just because you see cheap and keep buying and want the maximum profit without doing research on the project, this is the biggest mistake in my life even for other people who think like this,
and it's just bullshit in my opinion
for top 50 coins, if you invest in large amounts you will definitely feel the results, because when they pump even if only x50 you will still feel the results, otherwise if you invest in small amounts it is appropriate if you say you will remain poor

[TribalBob]

OP knows he's wrong, the reason he created this thread is to promote this altcoin named ModeFi

agree with you , he says the top 50 altcoins will make you poor but that is not true .
and for me whatever the current price of modefi is , I am not interested in getting into new coins at this point . Minimizing risk now is better than losing track, because currently there are more fraudulent tokens than real projects

[fullhdpixel]

I am thinking thinking totally against your thinking. I believe that only top 50 will carry on market in bull season. There are so many projects which has potential of high Profit for investors. Dot,Link,Ada,Matic,Eth,Xrp,Xlm,Atom are high class project which has high ecosystem for many projects. Community need this project and their token will perform well. The coin you mentioned is not so good like Chainlink and will completely get you down .

There are a lot of coins in the crypto market so top 50 will be small but I think there are over a thousand or more coins that will be able to recover when the bull run comes and this includes new projects. Chainlink is one of the top projects and chainlink was in fact better than some of the coins that you mentioned there.

The OP is also not shilling chainlink but he was shilling his own new coin which is called modefi. There are top coins who can't sustain their position and can sometimes crash like what happened with luna. The key is to not be totally confident but we would need to watch our investments so that we can act quick and do proper actions before they start to go bad.

[KingsDen]

Everyone who buys Coins from the Top50 will stay poor

Tbh, you really scared me with your title. I am of the opinion that anyone that is not buying the top 10 coins is at a very big risk to lose his money. Here I am seeing someone encouraging people not to buy from the top 50 coins.
I mean, do you know the level of risk that is involved?

Buying out of the top 50 coins literally means buying the shittest coins ever. I would never try this unless I am already a billionaire looking for where to waste money, I can then head to your advice and buy the coin you are shilling.

[teramit]

my coin is 51th so i am comfortable 

[bitgolden]

Are you saying that altcoins are those listed in the top 50 altcoins on CMC(coinmarketcap) or coinecko? Because I think either of these two, all of the top 50 listed in their platforms, most of them you can make a profit doing crypto trading, maybe in that matter it depends on you which strategy to do you as an individual trader.

In short, you are wrong that those who buy coins that are in the top 50 remain poor, you are wrong there. I don't know what you are basing it on, but whatever it is, you better review it again dude.

That is a good approach, to understand that they could make a good profit from trading, but you have to look at the long term as well, there are many people who invest into long term approach as well and they may not end up making any profit from it. I am not saying they won't, all I am saying is that they may not be able to do it, and that's a good approach to it.

If you really want to make a good profit, pick bitcoin and feel safe, because it will not be crashing down in the list, and it will be fist ranked coin, and that means we won't be really shocked by anything that happens to it, rest of the list could be volatile and go anywhere, and do unexpected moves.

[capedbaldy]

Buying out of the top 50 coins literally means buying the shittest coins ever. I would never try this unless I am already a billionaire looking for where to waste money, I can then head to your advice and buy the coin you are shilling.

He actually gives the worst advice to ignore investing in top coins, so top coins can never make a profit of up to x1000 but top coins have low risk for scams, but new projects only experience significant gains when getting support from the community to create new hype but it is very high risk for long term investment, so I will not be interested in investing in new projects because 80% of new projects are included in the scam list.

[Silberman]

you underestimated the potential of these ranked coins too much, even eth could easily make more than 300% increase if the bullrun comes since it's value is already losing too much.
right now at the moment when the value of these ranked coins are getting too low, they could easily gives really profit that could grow your investments really fasts and definitely less risky than lesser ranked coins even meme coins that's fading.

However the most important thing is not that ETH could give 300% in terms of profits, the most important thing is that this has a very high chance of happening, while when it comes to those coins that are outside of the top 50 there is no guarantee you will get the profits the OP is projecting and instead the chances you will get losses as those coins collapse are many times higher, so if I was given a choice I will pick ETH over all of those coins any day of the week.

[LogitechMouse]

~
Next project to kill Chainlink and IC for ecample is ModeFi. And you can make x1000.
~

I wanted to read the whole thread that you've created but when I saw the name of the project and the OP who did this thread. I didn't continue reading it.
After all, you are just spitting some words but the whole point of this thread is to promote that project ModeFi. X1000? It might be and it might be not.

To answer your question, those investors who bought Bitcoin in 2018 and sold at near its peak can be considered millionaires right now depending on how much they've invested. Those who bought Ethereum are now millionaires depending on the money they've invested. Point is, it all depends on different factors but saying that is irrelevant and a complete mistake. I'm only buying coins at the top 50 right now and sure it will take longer time to profit but it's safer compared to investing into a new project that yes it can give you X100 or X1000, but at the same time can make your money *poof* in an instant.

[len01]

...I also like to invest in new projects, but I think now is not the right time to invest, investing in new projects is now more risky than profitable so I'm not in a hurry to invest. The hasty investment will lead to failure.

In such a bear market, when even the top coins have lost 90% of their value, there is a very large choice for investing. Accordingly, such a coin theoretically has a chance to return to its ATH on a bull run and bring its owner a 1000% profit. So it is safer to invest in the old coin now than in the new one, and at the same time the profit will be approximately the same.

after the achievement of ATH in the last year all popular coins and coins are indeed down 90%. but for old coins it is not a big problem when the bears have arrived and after the upcoming bulls the old coins will provide evidence that the coin really has high value.
for example like btc when every bearish arrives the price will drop drastically more than 60% but after the halving and bulls hit the market the price of btc also increases by more than 60%.
although investing in crypto during this situation is very risky but if you buy the right coin or old coin and hold it for the long term it is much better than investing in a new project which is prone to hit and run

[Kadal Ijo]

It is natural because the price increase of the top 50 will not be able to reach 100% in a month, in contrast to new projects that can increase hundreds or even thousands of percent per month so the best opportunity to be rich is with investment in new projects. I once invest $ 50 in new projects and became more than $ 400 in 36 days, and I've lost $ 60 in a week.

[Miracle Wizzard]

Anyone who ever got rich in crypto bought cheap projects early before they were multiple billions worth.
  
Next project to kill Chainlink and IC for ecample is ModeFi. And you can make x1000.
  
Why would anyone who loves crypto and who wants to see a better world trust projects that made their owners rich and lazy? If you want to be in a good, hungry project that can still change the world be in Bitcoin (since its not owned by single people like the rest of the top100 crypto), or buy crypto that is still only $5m or even less market cap like Modefi.
  
I got x100 on Chainlink which I bought in 2018. Because I learnt from early ETH buyers who got eth for $0.25 and got rich like mmcrypto and themoon (they mainly got rich with affiliate commissions tho), however anyone who bought ETH at $0.25 trusted an unknown, small, tiny project that was not established yet (like Modefi and others now) and got rewarded. But why did people go in ETH early? Simply because they learnt it from the early Bitcoin investors who got Bitcoin or $0.20.
  
Now you need other early projects that are still small to become financially independant and free and to revolutionize the world. Not the big ones. The big ones keep everyone poor. They crash by 95% in bear markets for a reason. Do you not want x500 or x1000? How can eth possibly ever go x1000 again?
  
Learn from the early crypto people who trusted early projects and got rewarded. You just need to find the good projects (modefi over 1 million lines of code, self-funded), the good teams, the crazy and creative teams, the guys who will make the world a better place and help replace banks, mainstream media and centralized social networks.

So difficult to agree and disagree at the same time, buddy… So many individual factors are at play.
From one side, there’s a good reason why those 50 coins make the top. From another side, they also were small in the very beginning.
Two main factors intertwine here: financial and psychological. Financial: whether an investor is ready to lose their money (like it or not, this probability is high with new coins); psychological: success is built out of failure (it’s about patience, determination, ability to learn from mistakes, optimism).
Almost forgot there is even the third side 😊 Who knew that such a solid top coin like LUNA would crash down in two days? Something definitely to think about.

[AmoreJaz]

It is natural because the price increase of the top 50 will not be able to reach 100% in a month, in contrast to new projects that can increase hundreds or even thousands of percent per month so the best opportunity to be rich is with investment in new projects. I once invest $ 50 in new projects and became more than $ 400 in 36 days, and I've lost $ 60 in a week.

most people are getting attracted to the high percentage of return that they may get from these new coins. however, most are getting rekt because once the dev team got their pockets full, they abandon the project without warning. so much better if you will keep your coins in the top list, at least you know you're not waking up learning that the devs of the coin you are holding disappeared. if you know how to make profit out of these coins, why would you become poor? poor because of small profits?

[abel1337]

It is natural because the price increase of the top 50 will not be able to reach 100% in a month, in contrast to new projects that can increase hundreds or even thousands of percent per month so the best opportunity to be rich is with investment in new projects. I once invest $ 50 in new projects and became more than $ 400 in 36 days, and I've lost $ 60 in a week.

investment in new projects if the chosen project has a clear goal and has a good future, it will certainly get a bigger profit. but if you invest in a new project that seems to offer big profits but it seems like the future of the project is not clear, you will definitely lose more.
but for me investing in new projects when bears are still attacking the market is very high risk compared to existing old projects. so be careful to choose a new project before investing before losing your money

High risk high rewards that is basically what I think OP is pertaining to. There's a lot of projects now and there are only a very few percentage of those new coin will rise and dominate the next bull market. Comparing to old established coins, I agree that new projects has a potential to rise and multiply it's current value by a thousand, I believe they are called "hidden gem". But those "hidden gems" are truly hard to catch since it requires intensive research and trust to from the community to make a traction to the market. It's proven that it can make you a millionaire but there's an uncertainty to it if you invest in those new projects.

[Lizzylove1]

Your assumption is your personal opinion which is wrong. People are getting rich through bitcoin and Ethereum which are placed at 1 and 2. I still regret selling my 20ETH which was the reward I got from Uni airdrop. Don't mislead people to the evaporation of their money. See what happened to UST/LUNA. Many new projects do rug pull just to let you know, don't be over confident when giving a financial advise in a public forum.

[1000x]

Your assumption is your personal opinion which is wrong. People are getting rich through bitcoin and Ethereum which are placed at 1 and 2.

You have seen a flipped pyramid, right? You need to be at the bottom as much as you can be. However nobody can predict where the Bitcoin and Ethereum Pyramids right now are. Maybe we will see Bitcoin at $1m or even $10m (and maybe hyperinflation will help).
 
But what you are saying really is to buy META stock now. To buy google stock now. However unless we find new planets with billions more people there simply is no market of people who will just keep buying giant amounts of it.
 
So for the price to keep multiplying by large amounts simply becomes a mathematical impossibility.
 
Now take a $1m project and imagine how easy it is to go to $100m to $1bn if its a great project with a visionary leader like happen with Chainlink and so many others. And with Bitcoin itself even and Ethereum. Do you want to be at a position in the pyramid where its already fat? Where millions of people will make gigantic profits before you?