All those ICOs are really great... Waves dump - bought RISE - RISE dump - buy LIR - LIR dump - buy DLISK - DLISK dump - buy BRK... i'm making huge money lately
Congratulations but LIR is not trading yet so you cant have made any money off it unless you are one of its devs.
Are you?
No, but even a blind man can see these ICO devs are accruing BTC through the use of lambo promises, all the while every insider knows BTC will RISE (hehe) drastically before the year is over. There are exceptions to this, albeit not many.
BTC is and always will be king. Prior to the market being saturated with ICOs there was a real opportunity for investment and profit x10 (if you have strong hands), now it's just a meme to take BTC from one who doesn't know that it will blast off into hyperspace in our lifetime, dare I say in the near future.
I really don't see WAVES, for example, skyrocketing in a year. There will be a new trend, probably IoT, but BTC will remain king forever, it was designed to perfection by a Japanese anon - just like a Lexus.
TLDR: You're essentially giving away your Lexus for a Kia in the hopes that Kia will outperform Lexus in style, fashion, adoption, luxury. It never will.
BTC/LTC is where it's at come 2020. The rest of the ICO/blockchain tech coins are transient and fleeting.
If everyone thought like this, we'd never have any great new innovations in anything. The will to make a competing product or improve upon an existing product is what has brought us to where we are in history. Etherum is a perfect example of all of this where as LTC didn't bring anything new to the table really.. it was just one of the first alts.
I guess you're right. I'll be honest and say that Vitalik Buterin doesn't inspire much confidence, FOR ME personally, like a Lada. By all means, I do not mean to come off as xenophobic, but it is a truism that most Eastern European coins/projects are pump and dumps because the countries and the people residing within desperately need fiat and want to flee ASAP to the West. True, LTC was just a silver to gold, which was arguably necessary, and it was created by someone with advanced knowledge working for a reputable company, it might be useless, who knows.
ETH is all over the place, people lost a TON of money in DAO, and that will leave a psyche scar on any sort of smart contracts in the future. I don't believe it's worth what it is worth now, just like when DRK was at 17$ or 0.02 for a while. It feels more artificial. I'm not saying BTC/LTC are not volatile, but they feel like established for some reason.
I am for the evolution of crypto, is Ethereum a step forward or a step back? I haven't seen anything but "lol took 20x profit" from it so far. Bitcoin has also not remained static and is evolving in tandem with ETH and all other coins, so I dunno. Again, comparing cryptocurrency to precious minerals, can ETH be a diamond? Possibly. It can also be bronze, copper, quartz. I think the ideology of trading gold has left an evolutionary monetary psychic imprint on all of us since time immemorial, while diamonds for example were more of a niche fashion thing that were not used for trading in most cases.