My father bought 50.000 $ Bonecoin 1 year ago .By the way he is ordering to me to do these kind of investments duties.I had to do that I said:It's a huge amount father are you sure that you're gonna risk all this money for just a coin?
-yeah ı'm sure be cool son
-ok father you always have a plan
a few months later this huge money reached 85.000$ I said;
-Father! well done you risked correctly.It's time to deposit it come on!!
-No son we should be patient more for a big hit
results:It's just 30.000$ now.
Now everything makes sense with altcoin. You can't just expect that it will move like bitcoin and continue to increase its price as months and years pass by. Altcoins are only pump and dump schemes. Although I'm not saying it generally, but majority of them still fall on that most especially if we ride with the hype with these too good to be true projects in the market.
However, the opposite thing happens with bitcoin. As long as you hold it for long term and you never get bothered by selling it early when the price suddenly crash, then for sure you will never end up hodling bitcoin at a loss. Bitcoin is for long term while majority of the altcoins are just only good for short term investing.
I do only consider those altcoins which are sitting on top 50 and below on which i could say or determine that they are really not those pumps and dumps on which we do usually be seeing in low caps but of course
there would really be no guarantees that you wont be experience those sudden declines on altcoins too or even with Bitcoin or ETH. There's always those probabilities but the good thing that we do see on
top coins is that dumps wont really be that severe or make that huge impact into our portfolio whereas if we do deal with those altcoins then we would actually be seeing different. Confidence? It would really be that depending on what projects that you have accumulated with because each person does have their own insights on what are the projects that they do see for it to be worth on upcoming bull run.
So it will really be always be ending up with personal choice because when choosing up a project, not all the time that you will be hearing up other peoples suggestion and recommendation
but also you will be looking after with your own personal preference too or something that do talks about intuition. Yes, it might not be that something reliable but choosing those
will really be making that you confident at least.