Is hodling top 10 Marketcap coins a good tactic?

[pawel7777]

Going after with meme tokens have a very uncertain future, hence, most are just investing on this at a short-time basis.
But if in case you will invest and haven't gotten out early, you may possibly suffer losses because most new meme alts have a pump and dump scenario.
They may enter in the top 10 at some point, but I think it is not good basis to consider them in your portfolio.
If you are looking for the longevity of the project, better check what's their use case in the market. Can it sustain its presence in the market?

That's why I wouldn't call that investing. If you know that those meme coins have no future and that you'll need to pull out before the hype dies out - that's much closer to gambling than investing. Similarly to knowingly putting money into Ponzi scheme, if you time it right, you could make a decent profit, but let's not call that investing.

You'd probably be better off creating a bunch of worthless meme coins and trying to hype them up to see if any of them catches on. This way you won't be risking anything other than your time.

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[JayJuanGee]

A lot of us might share goals that we would like to get rich quick; however, some of us might appreciate and understand that if we attempt to strictly try to pursue a goal of attempting to get rich quick, then the actual pursuit of such goal may well end up causing us to lose value (financially and even morally/ethically).

The problem with this is actually I still don't understand the concept of getting rich instantly, especially when it's in a scope like this. We are aware that this place is a place with high risk and we know that when we say investment, roughly speaking it takes time so this is not suitable for instant riches and of course we all need to process with the initial concept of investment so we cannot say something like this. to get rich instantly but out there there are still many who think like this just because seeing the lives of people who are in this scope looks more comfortable.

In the last 12 years or so, many of us may have witnessed real world examples in which some people have improved their financial circumstances greatly by being invested in bitcoin or even in some shitcoins, so it would not be out of the question that many people might consider that there might be ways to continue to deploy their capital (and value) into bitcoin and/or into shitcoins in order attempt to accelerate the timeline in which they would otherwise be expecting to get returns in traditional markets.

Surely, also in recent times (maybe even more exacerbated since March 2020-ish) many folks might have been witnessing a variety of potential crises in various kinds of real world investments and even wondering how sound that they might be in terms of either potential short-term price performance or even in terms of potential long term price performance, that also may well relate to a lot of the artificial and likely misleading price signals that come when the actual money itself (and the various levels of debt that various fiat systems have) has been distorting whether some of the price signals might be inaccurate or even inflated to the upside due to the supply of money being outrageously increased... and sure, some of those problems with the money supply being outrageously inflated can also end up screwing up the price signals in bitcoin and shitcoins too... maybe worse in shitcoins, to the extent to which some of us might speculate that bitcoin is able to sustain its own more accurate price signals because of the soundness of its fundamentals, rather than merely being a product of market hype.. which seems to be the bread and basket ideations that underly many ways that shitcoins are speculated upon.

So yeah, whether we conclude that our theory to invest in something like bitcoin might have some basis in attempting to get rich quicker, there are also other related ideas (that might be on the other side of the same coin) that relate to merely attempting to preserve value by not getting poor through the various ways that value might be stored in various traditional assets - and even shitcoins.

Diversification is important and that is why we need to pick what is the best cryptocurrencies in the market today, what I do is I check all of the charts of the Top 100 cryptos. So one of my criteria before investing is that the crypto should be belong to the top 100 because these are the trending coins and have the highest market capitalization. After that I'll check all of it and pick the crypo with uptrend and with good market sentiment. I ignore those coins that have unhealthy price patterns because it will be ingore very soon. Once I indentifies the coins with good charts, I re arranged it by price patterns and also by my niche. In that way I can easily see if the coin is good or bad to my portfolio.

The application of diversification is likely important when such diversification is applied across asset classes that are likely not correlated, or industries that might not be directly related or having assets that are valued based on the same underlying market moving dynamics.  Within crypto, an overwhelming majority of the assets are correlated to bitcoin, so they do not tend to have any of their own independent fundamentals - absent some potential pump and dump talking point or being able to garner momentum that might be considered to potentially outpace bitcoin on the short-term (that surely would not usually be a sustainable kind of a feature, in many of those subset of cases).  

In other words, you may be misusing (or misapplying the idea of diversification) just in terms of your merely wanting to place a variety of gambling bets (rather than diversifying within more of a fundamental analyst's attempt to apply such a practice/principle).

[edited out]

You'd probably be better off creating a bunch of worthless meme coins and trying to hype them up to see if any of them catches on. This way you won't be risking anything other than your time.

I have quite a bit of reluctancy towards encouraging forum members to start their own ponzi scheme or scam as a mechanism to "make money" (even though they might decide to engage in such conduct on their own initiative) - even though that suggestion does highlight the actual on the ground's fact that the ones who likely are making the most out of the various shitcoins out there are the ones who are creating and pumping the coin (and attempting to dump before anyone figures out that they are dumping on the ones who they had earlier evangelized to buy their crap).

[19Nov16]

In my opinion, holding the top 10 is the best and safest step, projects or coins that have a large market cap, namely the top 10 and the lowest currently is $8 billion, so it is safer and calmer, when there is market turmoil, the community will usually help to pump again.

[OgNasty]

In my opinion, holding the top 10 is the best and safest step, projects or coins that have a large market cap, namely the top 10 and the lowest currently is $8 billion, so it is safer and calmer, when there is market turmoil, the community will usually help to pump again.

I’ve been around long enough to see plenty of top 10 coins go away to nothing. That being said, diversification is usually a good thing. I don’t know if I’d blindly throw money at whatever happens to be there. I can understand holding BTC & ETH. Maybe even a different scaling solution like MATIC or SOL. Maybe even a meme coin like DOGE if you believe in Elon.

[dragonvslinux]

I made a quick comparison of "BCI 10" - a top 10 crypto index Vs. Bitcoin.
BCI 10 is offered by Bitpanda (a regulated Austrian crypto exchange). It gets rebalanced every month to reflect any changes in the top 10.
As in the OP, it doesn't take into account any staking rewards, forks etc.

BCI 10:
1 year:


5 years:


Bitcoin:
1 year:


5 years:


In the shorter run of 1 year, Bitcoin has recorded a slightly lower loss, but in the span of 5 years - it massively outperformed the BCI 10 index.

Just seen your post here, thanks for providing the data. This is what many don't understand: The further you go back to compare to Top 10 vs Bitcoin, the worse the results.

For example let's look at the Top 10 from 10 years ago with respective ranks today:

1. Bitcoin (#1)
2. Litecoin (#12)
3. Namecoin (#615)
4. Peercoin (#745)
5. Feathercoin (#1659)
6. Freicoin (#2289)
7. Terracoin (#1926)
8. Devcoin (#N/A)
9. Novacoin (#2046)
10. Mincoin (#N/A)

Out of list, only one of these - Litecoin - remains in the Top 500 (#12), all the rest went to shit. Two don't seem to exist anymore, the rest are down over a 10 year period apart from Namecoin and Peercoin. The best performer here aside from Litecoin that is up substantially (but not as much as Bitcoin notably) was Namecoin, that 10 years ago was worth around $1 and this year has managed to get to around $1.50 lol.

So If you had invested say 10% in each of the Top 10 a decade ago, you'd only be up because of Bitcoin. Whereas simply buying BTC at the highs at around $100 you'd be up over 28,000% today. It really is a no brainer. Of course you could argue that the Top 10 generally stay in the Top 10 for longer than they used to, sure, but so far analysing a decade-long strategy of investing in the Top 10, it's a terrible idea.

[Dr.Bitcoin_Strange]

Out of list, only one of these - Litecoin - remains in the Top 500 (#12), all the rest went to shit. Two don't seem to exist anymore, the rest are down over a 10 year period apart from Namecoin and Peercoin. The best performer here aside from Litecoin that is up substantially (but not as much as Bitcoin notably) was Namecoin, that 10 years ago was worth around $1 and this year has managed to get to around $1.50 lol.

So If you had invested say 10% in each of the Top 10 a decade ago, you'd only be up because of Bitcoin. Whereas simply buying BTC at the highs at around $100 you'd be up over 28,000% today. It really is a no brainer. Of course you could argue that the Top 10 generally stay in the Top 10 for longer than they used to, sure, but so far analysing a decade-long strategy of investing in the Top 10, it's a terrible idea.

What's really happening to people with altcoins is overconfidence and a desire to blow so sharply when token prices boom, not realizing they can gradually accumulate bitcoin without having to save up to buy a whole bitcoin at once. Perdon me, but I like using examples of experiences I have had with my friends or the stories told by friends. So, one day, I was in the mist of people discussing and talking about how hard it is to buy one bitcoin. "it is very easy to just buy some newly born coins and wait until the price begins to go up, " he said. one of them also said, "Altcoins whose prices are low can easily blow one's investment because when they buy very low and sell even when the price increases by just 10%," they still fail to realize that some altcoins even die off at  the point of their ICOs. Sorry, I am referring to new altcoins now, but the fact remains that, despite they are new, they can be promoted to rank in the top 10 within just a few day or even 24hour, so that they can just gain wide exposure.

Some people are not just well informed before taking steps into their crypto journey.

[shinratensei_]

I’ve been around long enough to see plenty of top 10 coins go away to nothing. That being said, diversification is usually a good thing. I don’t know if I’d blindly throw money at whatever happens to be there. I can understand holding BTC & ETH. Maybe even a different scaling solution like MATIC or SOL. Maybe even a meme coin like DOGE if you believe in Elon.

The order of the top coins does not mean that all the top 10 coins will be good for investing, we have experienced from FTX and Luna because they were also the top 10 coins before the coin was a scam, so the order of the coin positions is not important but we have to be careful of the altcoins of choice because it doesn't there is a guarantee that altcoins will be good for long term investment.

they are outlier though, they become scam for reasons and the fact that the company took to much part in managing the coin is also one of them, it's different with coin like ethereum where quite literally it's real consensus. with luna you just got a coin that's plain bs, but people back then just couldn't see it, either do I, but this time around investing in top 10 coins, seems even more relevant.
the shitty coin have already been eliminated, of course there are chance that other coin will suffer the same fate, but certainly investing in these top 10 coin is safer than investing in some random coin out of nowhere. at least it's got consistent update and the team behind it is rather clear and it's not like some random meme coins.

[Reatim]

There is no need to Hold top 10 coins when we can invest solely for Bitcoin as we are talking about Holding and for me the Number one coin is the perfect fit for this, while some or even me tries to diversify in some other coins yet I only believe that one coin is best if it is a long term policy.
I have witnessed this happened  several times (those are in Halving) so if we can change the system by holding Bitcoin.

[ajiz138]

There is no need to Hold top 10 coins when we can invest solely for Bitcoin as we are talking about Holding and for me the Number one coin is the perfect fit for this, while some or even me tries to diversify in some other coins yet I only believe that one coin is best if it is a long term policy.
I have witnessed this happened  several times (those are in Halving) so if we can change the system by holding Bitcoin.

Bitcoin will definitely be the most holder but I'm not too sure about some other coins only now it's just enough to invest in bitcoin whereas assuming they are always different in choosing other top 10 coins, let it be their desired investment choice.

But I'm not always sure what is called diversification in other coins, whereas in my understanding diversification is for other assets called property or real estate and if you want to invest in digital assets then just bitcoin rather than other coins.

So I'm not collecting the top few coins for now, unless I have done so in the past.

[pawel7777]

Out of list, only one of these - Litecoin - remains in the Top 500 (#12), all the rest went to shit. Two don't seem to exist anymore, the rest are down over a 10 year period apart from Namecoin and Peercoin. The best performer here aside from Litecoin that is up substantially (but not as much as Bitcoin notably) was Namecoin, that 10 years ago was worth around $1 and this year has managed to get to around $1.50 lol.

So If you had invested say 10% in each of the Top 10 a decade ago, you'd only be up because of Bitcoin. Whereas simply buying BTC at the highs at around $100 you'd be up over 28,000% today. It really is a no brainer. Of course you could argue that the Top 10 generally stay in the Top 10 for longer than they used to, sure, but so far analysing a decade-long strategy of investing in the Top 10, it's a terrible idea.

Wow, that's pretty crazy and puts things into perspective. I knew that the top 10 (excl. BTC) from decade ago was not doing well, but didn't realise it was that bad.

In terms of the BCI 10 index I was referring to - it mitigates such risk by rebalancing. But that has its own risks of selling low and buying high. So all the historical evidence shows the best bet is just to hold BTC, unless you believe the past patterns are not a good indication and expect things to change (e.g. flippening etc).

[edited out]

You'd probably be better off creating a bunch of worthless meme coins and trying to hype them up to see if any of them catches on. This way you won't be risking anything other than your time.

I have quite a bit of reluctancy towards encouraging forum members to start their own ponzi scheme or scam as a mechanism to "make money" (even though they might decide to engage in such conduct on their own initiative) - even though that suggestion does highlight the actual on the ground's fact that the ones who likely are making the most out of the various shitcoins out there are the ones who are creating and pumping the coin (and attempting to dump before anyone figures out that they are dumping on the ones who they had earlier evangelized to buy their crap).

I'm far from encouraging that, just pointed out that that's probably more profitable and less risky. But at the same time, I wouldn't class all such "projects" as scams or ponzi. Although that's not a way of earning money that one should be proud of, I don't necessarily see anything morally wrong in creating and trying to sell a coin as long as you're not being deceitful and not making false promises/declarations. I've seen a few that were pretty honest that all they had to offer was a name, a logo and funny memes, I found them quite entertaining (e.g. "HarryPotterObamaSonic10Inu" token, RIP).

[dragonvslinux]

Out of list, only one of these - Litecoin - remains in the Top 500 (#12), all the rest went to shit. Two don't seem to exist anymore, the rest are down over a 10 year period apart from Namecoin and Peercoin. The best performer here aside from Litecoin that is up substantially (but not as much as Bitcoin notably) was Namecoin, that 10 years ago was worth around $1 and this year has managed to get to around $1.50 lol.

So If you had invested say 10% in each of the Top 10 a decade ago, you'd only be up because of Bitcoin. Whereas simply buying BTC at the highs at around $100 you'd be up over 28,000% today. It really is a no brainer. Of course you could argue that the Top 10 generally stay in the Top 10 for longer than they used to, sure, but so far analysing a decade-long strategy of investing in the Top 10, it's a terrible idea.

Wow, that's pretty crazy and puts things into perspective. I knew that the top 10 (excl. BTC) from decade ago was not doing well, but didn't realise it was that bad.

As I said, this is what many fail to realise. The shorter the time-frame holding Top 10 coins the better is the general rule of thumb. Ideally don't invest in the Top 10 though. I mentioned it before in this thread that it's a much better strategy to invest in Top 50/100 coins that you think can reach the Top 10/20, then sell them at those respective ranks. At least for accumulating satoshis, it can be a successful strategy. Otherwise if you were to hold Top 10/20 coins in a 1 year long bull market, I think you would outperform Bitcoin, as historically altcoins generally do outperform. But for the other 3 years, it's not worth the hassle, clearly.

Ideally there's be the data available for how many coins were once in the Top 10, as I imagine by now it's in the hundreds of coins that aren't even Top 100 anymore.

In terms of the BCI 10 index I was referring to - it mitigates such risk by rebalancing. But that has its own risks of selling low and buying high. So all the historical evidence shows the best bet is just to hold BTC, unless you believe the past patterns are not a good indication and expect things to change (e.g. flippening etc).

Where is that BCI10 Index based? I can't find it on TradingView and would be interesting to look at. I can only find a "Crypto 100 Index", that I assume is the Top 100.

[skarais]

~~~

Bitcoin will definitely be the most holder but I'm not too sure about some other coins only now it's just enough to invest in bitcoin whereas assuming they are always different in choosing other top 10 coins, let it be their desired investment choice.

But I'm not always sure what is called diversification in other coins, whereas in my understanding diversification is for other assets called property or real estate and if you want to invest in digital assets then just bitcoin rather than other coins.

So I'm not collecting the top few coins for now, unless I have done so in the past.

Asset diversification may be great for growing your investment portfolio, but either way bitcoin should be the most dominant asset over the others in the portfolio. You or anyone can have the top 10 coins in any budget amount, but if it were me then I would never have more than 10% of my investment budget in any altcoin.

I would never say someone is totally stupid about their choice of investment assets as long as they can consider it at their own risk. Even bitcoin also has a risk of loss if the user does not know how to practice the best security methods for storing it. Price volatility is very reasonable, but in most cases altcoin prices are always affected by bitcoin volatility. Owning more bitcoins than any other altcoin is a plan I've been working on for years.

[erep]

I would never say someone is totally stupid about their choice of investment assets as long as they can consider it at their own risk. Even bitcoin also has a risk of loss if the user does not know how to practice the best security methods for storing it. Price volatility is very reasonable, but in most cases altcoin prices are always affected by bitcoin volatility. Owning more bitcoins than any other altcoin is a plan I've been working on for years.

They hold the risk of every coin choice that has been invested, so any altcoin choice must be tested and analyzed first and set investment limits for a range of around 20% for top altcoin choices and altcoin potential for short-term trading profits, normally all altcoin prices are affected bitcoin volatility but at certain hype altcoins have their own impact to increase significantly in any market conditions, but it is difficult to determine the altcoin because it must have a detailed analysis on the roadmap of each project, so if you want a safe mode then the bitcoin investment option is the best investment advice at any time.

[ilovealtcoins]

Other coins might stay at the top 10 but they won't be profitable compared to other coins in lower rank, in general the coins in the top 10 changes in every bull market as new project get pumped into the top 10 so why not invest in potential top 10 projects so you make more profits when they get in the top 10.

I think you're confusing investing with gambling. For every newly created "project" that makes it to the top 10 or the top 20, you have dozens, if not hundreds, of projects that fail miserably. Everyone is a master of retrospective trading and can point out a coin that made it and say "you should've invested in it and you could make x1000" etc, but actually predicting that before the pump is a whole different game. Sure, you could play around with a couple of hundred $, but no one sane would put any significant portion of their wealth on Shiba Inu, Niggercoin, or another Doge Bonk. Even if it plays out the way you want, it's almost always a stupid move.

Going after with meme tokens have a very uncertain future, hence, most are just investing on this at a short-time basis.
But if in case you will invest and haven't gotten out early, you may possibly suffer losses because most new meme alts have a pump and dump scenario.
They may enter in the top 10 at some point, but I think it is not good basis to consider them in your portfolio.
If you are looking for the longevity of the project, better check what's their use case in the market. Can it sustain its presence in the market?

What do you think about Doge's case? It has existed from 2013 to the present, even earlier than ETH, and it is still at the top of CMC. Potential altcoins are said to have new technology and have use cases like LISK, EOS, and SOL... where are they? Did you see them? Investment is that we care about profit, if technology does not bring profit. Do you invest?

[LittleBitFunny]

Going after with meme tokens have a very uncertain future, hence, most are just investing on this at a short-time basis.
But if in case you will invest and haven't gotten out early, you may possibly suffer losses because most new meme alts have a pump and dump scenario.
They may enter in the top 10 at some point, but I think it is not good basis to consider them in your portfolio.
If you are looking for the longevity of the project, better check what's their use case in the market. Can it sustain its presence in the market?

That's why I wouldn't call that investing. If you know that those meme coins have no future and that you'll need to pull out before the hype dies out - that's much closer to gambling than investing. Similarly to knowingly putting money into Ponzi scheme, if you time it right, you could make a decent profit, but let's not call that investing.

You'd probably be better off creating a bunch of worthless meme coins and trying to hype them up to see if any of them catches on. This way you won't be risking anything other than your time.

Not just meme projects, but I believe the altcoin market is gambling. Why do I say that? Look at altcoin projects that all die, being replaced after each bear season ends. There is no project that can stick with us for a long time, if there is, we can only mention ETH as the only case. The rest may not die entirely but also cannot recover or return to the old ATH, let alone make a profit for us. Previous replacement projects have always claimed that they have new, superior technology...blah..blah..., but so far, none have been put to practical use. Because they are all unlike bitcoin, they are created for the purpose of selling tokens, while bitcoins are created for the purpose of being a payment method.

[pawel7777]

What do you think about Doge's case? It has existed from 2013 to the present, even earlier than ETH, and it is still at the top of CMC. Potential altcoins are said to have new technology and have use cases like LISK, EOS, and SOL... where are they? Did you see them? Investment is that we care about profit, if technology does not bring profit. Do you invest?

Fair point. If the biggest selling point of a coin is "new technology" that's always a risky investment, because there will always be some new coins with even better technology etc.

That's why I'm fairly calm about the future of Bitcoin. Through the first-mover advantage, it established itself as the No.1 crypto, with the highest recognition and (probably) the largest number of users. So it doesn't have to be the best, it just has to be good enough.
Meanwhile, coins like ETH have to compete with their utility/functionality, so if any new project emerges that is faster and cheaper, then there's no real reason to use ETH anymore.

As for DOGE - that's an outlier. It wasn't doing that great until it got propped up by Elon Musk.

Where is that BCI10 Index based? I can't find it on TradingView and would be interesting to look at. I can only find a "Crypto 100 Index", that I assume is the Top 100.

It's offered by Bitpanda (Austrian crypto exchange) and only available to purchase there, it's not like ETF or anything. More details:
https://www.bitpanda.com/en/bci-bitpanda-crypto-index
Prospectus: https://cdn.bitpanda.com/media/bci/Prospectus_Index_English.pdf

[GigaBit]

I’ve been around long enough to see plenty of top 10 coins go away to nothing. That being said, diversification is usually a good thing. I don’t know if I’d blindly throw money at whatever happens to be there. I can understand holding BTC & ETH. Maybe even a different scaling solution like MATIC or SOL. Maybe even a meme coin like DOGE if you believe in Elon.

The order of the top coins does not mean that all the top 10 coins will be good for investing, we have experienced from FTX and Luna because they were also the top 10 coins before the coin was a scam, so the order of the coin positions is not important but we have to be careful of the altcoins of choice because it doesn't there is a guarantee that altcoins will be good for long term investment.

I agree with you in some extent but i have another idea. I would like to say coins that are placed on the top ten position, it must be massively prosperous.  It is extremely difficult for any coin to get a place. But Luna and FTX is different issues which were in good position but could not hold their place continuously. Currently, the coins that are in the top ten are definitely reliable. In which you can invest as per your choice as per your convenience.  If no new scam happens then I think every coin in the top ten is worthy for investment.

[jossiel]

Not just meme projects, but I believe the altcoin market is gambling. Why do I say that? Look at altcoin projects that all die, being replaced after each bear season ends. There is no project that can stick with us for a long time, if there is, we can only mention ETH as the only case. The rest may not die entirely but also cannot recover or return to the old ATH, let alone make a profit for us. Previous replacement projects have always claimed that they have new, superior technology...blah..blah..., but so far, none have been put to practical use. Because they are all unlike bitcoin, they are created for the purpose of selling tokens, while bitcoins are created for the purpose of being a payment method.

That's so true.

I've been there and tried to get myself with meme coins but I was no good. It made me bare losses and I never tried it again. It's certainly is a gamble and those that we're seeing making profits, that's good for them.

But, it's not always a good day for them and those making a lot of money there have also have a huge losses before and just learned from their mistakes while some, it's pure luck.

[JayJuanGee]

[edited out]

What do you think about Doge's case? It has existed from 2013 to the present, even earlier than ETH, and it is still at the top of CMC. Potential altcoins are said to have new technology and have use cases like LISK, EOS, and SOL... where are they? Did you see them? Investment is that we care about profit, if technology does not bring profit. Do you invest?

Yes.  You might be onto something in regards to many of us sharing values in regards to "caring about profits"  - yet questions still would remain regarding how you measure your profits?  short term?  long term?  In dollars or in something else?  In hookers, lambos and blow?  In houses?

...and even if we might consider that "profits" is a good consideration to have, and maybe principles do not matter so much - even though some members are likely somewhat concerned about their behaviors reflecting values, and some members are not going to invest in potentially profitable asset classes that they consider to be pump and dumps.. or even exploiting the misinformation of others.. such as investing in knowing ponzi schemes, even if we may well know that we are able to get in and out of it.. and to be able to "profit" from our involvement.  We are all not necessarily maniacally focused on profits, even if many of us likely agree that even bitcoin has profit incentives built into it, but many of us might also consider bitcoin to be a kind of ethical investment in terms of both being able to 1) "do the right thing" and to 2) have good chances of profiting at the same time.

I frequently have said "fuck shitcoins" based on my concerns about seemingly purposefully scamming and misleading others, even though I understand that there are some innocent people involved in shitcoins and don't always recognize that they are involved in projects/assets that are way inferior to bitcoin in terms of fundamentals and also in terms of ethics... but hey, everyone learns at their own rate, no?  live and let live, even if their are scummy and scammy people out there...and people with low and easy ethics... who may well tend to boil all matters down to whether or not they are "profiting."

[edited out]

Not just meme projects, but I believe the altcoin market is gambling. Why do I say that? Look at altcoin projects that all die, being replaced after each bear season ends. There is no project that can stick with us for a long time, if there is, we can only mention ETH as the only case. The rest may not die entirely but also cannot recover or return to the old ATH, let alone make a profit for us. Previous replacement projects have always claimed that they have new, superior technology...blah..blah..., but so far, none have been put to practical use. Because they are all unlike bitcoin, they are created for the purpose of selling tokens, while bitcoins are created for the purpose of being a payment method.

I agree with everything that you say here LittleBitFunny, and furthermore, I would suggest that ethereum's use case has been for the purpose of facilitating the ability to scam others.. easy ways to obfuscate and scam others, then use ethereum.. Historically, presently and perhaps into the future, that's their use case... mostly, if not exclusively... ..and for sure, there are possibilities to "profit" from the ability to obfuscate and to scam others, and so it is surely possible that you can continue to make money from ethereum, just like there have been historical abilities to make money from ethereum for some folks... whether or not they can continue to keep the scam going might be another story.. but whatever, I don't claim to have any kind of crystal ball in their abilities to get powerful (and potentially) rich folks helping them to fuck over normies with their ongoing smoke & mirrors house of cards bullshit... so yeah.. "invest" in them if it makes you (not referring to you specifically LittleBitFunny) feel like you might "profit" within that kind of a seemingly "fiat" and somewhat "valueless" framework.

[Dr.Bitcoin_Strange]

That's so true.

I've been there and tried to get myself with meme coins but I was no good. It made me bare losses and I never tried it again. It's certainly is a gamble and those that we're seeing making profits, that's good for them.

But, it's not always a good day for them and those making a lot of money there have also have a huge losses before and just learned from their mistakes while some, it's pure luck.

There are a majority of people who invest in altcoins but always encounter losses because, in an altcoin investment, you are investing by luck and not certainty, just like in gambling, where you are not sure of the outcome. Some projects will launch this month, and before you know it, after a few months, the project will disappear with the investors funds. Many people have also lost money by investing in altcoins at their ICO and IEO levels. Most people who have luckily earned 100x on a token they invested in also end up losing nearly all or even all the profit on other altcoins or shitcoins they invest in.

Normally, we know that there is no investment that has zero risk, but when investing in Bitcoin, you are sure that if you are able to buy during the bear market and hold until the bull market, you will make a profit. But all these altcoins and meme coins don't really obey the bear and bull seasons; they are usually based on pump and dump periods.

People who are investing in altcoins should really be aware of the risks involved so that they don't blame it on Bitcoin, because that's what most people do; they can have bad experiences with altcoins and blame it on Bitcoin.