Altcoin charts are mostly down because most of altcoins are degen altcoins.
Two types of altcoins. The first chart is for degen altcoins and unfortunately most of altcoins are degenerators.
Topic: Bitcoin and shitcoin graphics. - page 2. (Read 204 times)
Bitcoin chart https://charts.bitbo.io/yearly-candles/
Altcoin charts are mostly down because most of altcoins are degen altcoins.
Two types of altcoins. The first chart is for degen altcoins and unfortunately most of altcoins are degenerators.
The graphic chart in OP is more like a chart for scam pump and dump altcoins, that is the worst. Degenerator altcoins have dead cat bounces but with time, you lose money.
Altcoin charts are mostly down because most of altcoins are degen altcoins.
Two types of altcoins. The first chart is for degen altcoins and unfortunately most of altcoins are degenerators.
The graphic explains a lot. People are set up to fall for the hype and FOMO in and create liquidity for those that want to exit.
You are sold the impression that a lot of money is being made and the green candle sticks trend, while the loses do not. It is a cash and grab industry, which can be profitable, but more often than not, will lead to losses.
Do your own research.
- Jay -
You are sold the impression that a lot of money is being made and the green candle sticks trend, while the loses do not. It is a cash and grab industry, which can be profitable, but more often than not, will lead to losses.
Do your own research.
- Jay -
When detaching factual from so called fiction
After seeing this 2 graphics I smiled at one, however from my own understanding and the knowledge I have acquired so far here in bitcoin forum, I decided to break it down for some newbies to gain more knowledge too.
From merely looking at the first graphic, it drew my attention to HODL( Hold On For Dear Life) and illegal bump and dump.
>>Investors always believed on long time investment regardless of market volatility, despite the fact that bitcoin price fluctuates generally, they still hold onto their bitcoin assets for a long period of term because investors believed that over time bitcoin prices will rise, in addition investors don't normally purchases bitcoin and be trading or selling, they buy it and hold onto it.....so as an upcoming investor, patience,time and endurance is needed.
>>As a newbie, who have good intentions towards investments, I would advise you to go for your own researches, don't fall into any victim of bump and dump scheme, because you will lose massively when you follow fake or false Informations....be at alert of many scammers.
>>this second graphic explained about investors who fell into a victim of a scammers or investors of failed coins, 'if you aren't Informed you will be deform', it very important to always put it in mind that investing in ryptocurrencies deals with risks.
What's your thought about these my good members of this community?
corrections are highly accepted.
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