Yeah I've decided to stop checking the exchanges so much and just hope for long term profits.
I've got too much work to do to worry about a few dollars gain or loss.
All the coins I bought are things I believe could have potential over the next few years- Augur, Factom, Lisk, etc
so the daily price doesn't really matter to me anyways.
Sorry man, but empirically, no altcoin has outperformed bitcoin on the long-term, not even close from that... You are bounded to lose following that strategy.
yep. that's a godawful strategy. alts are for short term gains. there's always a new one around the corner that'll capture attention. none of these things are anywhere near getting properly established in their respective fields. they're all tiny and there'll be better ones along soon.
Total noob loser bullshit. I've been trading alts since early 2014. While BTC has gone from 800$ to 710$, I've made a compounded profits from alts superior to
450.000%, more than
1.000% per year and this year has been the total crazyness. If I reinvested absolutely everything I won, I would be a multi-millionaire right now.
Of course, ALT trading consist in buy good coins at low prices and SELL the PUMP, and of course, if you buy overvalued bullshit like POT at 7 M$ or Gulden at 20 M$ you're gonna lose a lot of money. This study was made from a total loser, who doesn't even know how this world works. ALTS are, and will be, BY FAR, more profitable to trade than BTC (but yes, you have to do it correctly).
I am doing the same as you, and with lots of profit as well. Nonetheless, investing in years in alternative crypto have not work for a single altcoins outthere, bitcoin being bullish or bullish. We agree on everything you said, but read to what message I was answering.
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
that's what I am speaking about :
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FNFUhmM8.png&t=615&c=KfgWUafl2WRagg)
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FNs1YMG6.jpg&t=615&c=xKA4HwfFTOVrKA)
That's what I am speaking about
TL:DR : Trade the alts, don't invest in them for multi-year timeframe, my answer to the first quote.