Will you rather hold BTC instead of altcoins for years to come? If BTC is where the real money is why did Elon musk go after Doge instead of BTC? Past influencers and billionaires ignored BTC and hyped alt instead, what am I missing?.
If there is one thing I've learnt from my few years of interaction with crypto, is the fact that, cryptos can never make everyone go rich. This is because, the wealth accumulated by some user in a gainful investment, is that which is lost by some other user in some carelessly taken investments.Being familiar with the terms Pump and Dump should be a way to understand what actually goes on in an altcoin investment. It creates that chance for a buy in the start of a pump and the early birds seems to gain the most, not excluding the team behind the project. You see the pump, see it for a coin with potentials and jump in huge. Then, the early birds take there profits and it starts to dump. The next step you know is, a complete liquidation of your asset. Some get rich while, others get poor and poorer. Sadly, thats the story of majority of the altcoins out there. My estimations puts it at 80-90%.
When it comes to bitcoin, the story is a lot different. Bitcoin is the only coin with some assurance on it out there. You've just got to be ready to hodl no matter what and for a long time.
