Some people think like you and diff sky .
how so? im in this for the satoshis. i dont think 95% of other tokens coins will survive. how are some of the icos generating more wealth than real companies with products? they dont even have a minimum viable product on their roadmaps until 2022.
i posted this earlier this month, some insight into my mentality.
"theres no free lunches in crypto. somebody spending 50$ and mining a new coin is taking as much of a gamble as somebody going shitcoin shopping on cryptopia, or a miner speculating a coin before it hits the markets of right after it hits. nicehash gives steady comfortable income in the form of btc that i can hodl. i think you and i have discussed this on a previous thread. on the other hand, i could mine zencash, and hope that over the course of the next 12 months, its %age growth stays on par w/ btc or more. i cant deal with that stress, diversifying my rigs by 50-75% on nicehash, and use the rest of my hash power to speculate.
ill say this, i invested quite a bit into the market last year trying to find those 20x 50x gains, but had i just maintained my portfolio in the tried and true btc eth (i prefer etc, because its the real decentralized ethereum) and ltc, id have made millions. instead, i tried to fuck with different coins like vertcoin (shouldve sold at 10$) or monacoin (also shouldve sold). when i say sell, i mean convert to btc. til now i havent cashed out a single dollar, and all my calculations are done in sats. on coinmarketcap, i view all the markets in btc, not usd. this is the way people should invest. i made the mistake early on investing against the USD instead of BTC, and it cost me. im still in the green, but not retirement at 30 green like i couldve been."